PLDT, Inc. · PSE:TEL
PLDT — 9M2018 Earnings Presentation
73 slides from PLDT's earnings presentation, Nov 8, 2018
Slide 1: 2018 Nine Months Results
2018 Nine Months Results Financial and Operating Results 8th November 2018
Slide 2: PLDT Group: 9M18 vs 9M17 Financial Highlights
PLDT Group: 9M18 vs 9M17 Financial Highlights (Php in billions) 9M2018 Excluding Voyager 9M2018 % Change 9M2018 % Change 9M2017 PFRS15 (Pro-forma) (Y-o-Y) (PFRS 15) (Y-o-Y) Impact Service Revenues +4% +2% (2.9) (Net of interconnection costs) 111.0 106.4 +4.7 108.2 +1.8 +4% +3% EBITDA 52.1 49.8 +2.2
Slide 3: PLDT Group: 9M18 vs 9M17 Financial Highlights
PLDT Group: 9M18 vs 9M17 Financial Highlights (Php in billions) 9M2018 With Voyager 9M2018 Change 9M2018 Change (Pro-forma) 9M2017 (Y-o-Y) PFRS15 (PFRS 15) (Y-o-Y) Impact +4% +2% Service Revenues* 111.9 107.3 +4.6 109.0 +1.7 (2.9) +7% +4% ex-ILD/NLD* 104.9 98.5 +6.4 102.1 +3.6 (2.9) EBITDA 50.3 49.1
Slide 4: Consolidated Service Revenues: Six quarters of sequential growth
Consolidated Service Revenues*: Six quarters of sequential growth (Php in billions) IAS18 ex-ILD/NLD Ex-ILD/NLD, 7 consecutive quarters of (Pro-forma) ILD/NLD increases recorded 9M18: 111.9 +4% 9M17: 107.3 +4.6 +4% +1.5 1% +1% +2% +2% 4% 1% 1% -0.6 -1.5 +0.5 +0.1 +0.6 +0.6 37.5 +0.1 37.5 38.2 37.6 -
Slide 5: Combined Home, Enterprise and Individual revenues higher 8% year-on-year
Consolidated Service Revenues (by Business Unit): Combined Home, Enterprise and Individual revenues higher 8% year-on-year (Php in billions) -2% or –1.8bn 9M18 vs 9M17 in 9M17 +4.6 -2.6 -0.1 +2.6 +8% +4% -21% -9% +10% +7.2 +3.0 9.7 1.0 111.9 -2.9 109.0 28.4 101.2 +12% +1.7 27.3 +4% 45.5 +5.5 +11% In
Slide 6: Data/broadband 60% of total in 9M18
Consolidated Service Revenues (by Product Type)*: Data/broadband 60% of total in 9M18 (Php in billions) -4% or 9M18 vs 9M17 +4% -P4.6bn in 9M17 +4.6 Data, LEC, mobile International broadband domestic voice and fixed and digital voice and line domestic platforms others SMS voice +17.3 -2.3 -8.6 +35%
Slide 7: Revenue Allocation Comparison
Revenue Allocation Comparison Effective 2018, allocation of Fixed Line and Wireless service revenues were updated to reflect current consumption trends of bundles based on network usage study Previous Current Mobile Data +8% +4% +6% +5% 7.3 7.7 8.1 9.1 9.8 10.2 1Q18 2Q18 3Q18 9M18 1Q18 2Q18 3Q18 9
Slide 8: Revenue Allocation Comparison – Home
Revenue Allocation Comparison – Home Effective 2018, allocation of Fixed Line and Wireless service revenues were updated to reflect current consumption trends of bundles based on network usage study Previous Current Fixed Broadband +5% +2% +5% -1% 6.5 6.8 6.9 5.6 5.8 5.8 1Q18 2Q18 3Q18 9M18 1Q18 2
Slide 9: Consolidated EBITDA (ex-Voyager): 4% higher year-on-year, margin at 45%
Consolidated EBITDA* (ex-Voyager): 4% higher year-on-year, margin at 45% (Php in billions) ex-Voyager: +4% EBITDA (ex-Voyager) +2.2 Higher Higher Higher Higher svc Subsidies cost Cash Voyager’s Rev** & Provn of services Opex EBITDA +4.7 -1.5 -0.3 52.1 +2% -0.7 (1.7) 50.3 +11% 1% 1% 49.8 5% +0.3 +1.7
Slide 10: Telco Core Income: 5% increase over 9M17
Telco Core Income*: 5% increase over 9M17 (Php in billions) ex-Voyager +5% (recurring): +1.0 Lower Lower Lower Lower Gain Non- Fin Equity in Lower Provn Voyager’s from sale Higher cash Costs Earnings Misc. for Inc Core of Rocket EBITDA Exp – net and Others Inc Taxes Loss shares 18.1 +0.6 +0.6 +0.5 -
Slide 11: PLDT Group: Debt Profile
PLDT Group: Debt Profile Debt Balance As of end September 2018, net debt and net debt to (US$ in billions) EBITDA at US$2.4bn and 1.94x, respectively 3.7 3.5 Gross debt as of end September 2018 amounted to 2.9 3.3 2.8 2.4 US$3.3bn US$ denominated gross debt now at 14% from 20% at 0.8 0.7 0.9 Y
Slide 12: PLDT Group: Capex
PLDT Group: Capex (Php in billions) 58.0 Fixed Line Wireless 35.6 43.2 42.8 40.3 26.5 36.4 34.8 31.2 12.9 10.7 46% (32% in 2017) 224% 14.9 28.8 13.0 13.7 11.7 13.7 11.7 54% (68% in 2017) 11.0 30.3 32.1 31.5 20.7 22.1 23.0 27.3 5.0 17.2 17.1 6.0 2011 2012 2013 2014 2015 2016 2017 2018B 9M2017 9M2018
Slide 13: 2018 3rd Quarter Business Results
Chief Revenue Office 2018 3rd Quarter Business Results
Slide 14: Q3 2018 Highlights: Total CRO
Q3 2018 HIGHLIGHTS : TOTAL CRO Enterprise Service Revenue Net of Interconnection Cost Home In Billions of PHP Individual +2.9B | +9% +0.7B | 2% Q3 YOY GROWTH Q3 YOY GROWTH 32.2 32.6 32.3 32.9 33.6 34.6 31.0 31.0 31.2 31.7 32.2 30.7 7.7 9.5 9.7 7.8 7.8 8.5 8.7 9.0 9.2 7.8 8.1 8.6 7.2 7.0 7.2 7.5 8.7
Slide 15: Q3 2018 Highlights: Total CRO
Q3 2018 HIGHLIGHTS : TOTAL CRO International Enterprise Service Revenue Net of Interconnection Cost Home In Billions of PHP Individual +1.7B | +5% -0.1B | -0.2% Q3 YOY GROWTH Q3 YOY GROWTH 38.0 38.0 37.5 36.4 37.1 37.4 35.8 35.4 35.2 35.2 35.7 35.9 5.7 5.5 5.2 3.5 3.5 2.8 4.8 4.8 4.2 4.0 4.1 3.7 7.1
Slide 16: Q3 YTD 2018 Highlights: Total CRO
Q3 YTD 2018 HIGHLIGHTS : TOTAL CRO Service Revenue Net of Interconnection Cost In Billions of PHP +7.3B | 8% 101.2B 93.9B YoY Growth Q3 YTD 2018 Q3 YTD 2017 33.6 34.6 31.7 32.9 31.0 31.2 9.7 9.2 9.5 Enterprise 8.6 8.5 8.7 19. Home 7 Individual 9.1 9.3 8.0 8.5 8.9 7.8 18. 6 14.8 15.0 15.6 14.6 14.7 1
Slide 17: Q3 YTD 2018 Highlights: Total CRO
Q3 YTD 2018 HIGHLIGHTS : TOTAL CRO Service Revenue Net of Interconnection Cost In Billions of PHP +4.7B | 4% 106.2B YoY Growth 110.9B Q3 YTD 2017 Q3 YTD 2018 36.4 37.1 37.4 35.2 35.2 35.7 3.5 2.8 3.5 4.2 4.0 4.1 International 9.7 9.2 9.5 Enterprise 15. 8.6 8.5 8.7 19. Home 4 15. 7 Individual 14. 7.8
Slide 18: Segment Highlights
SERVICE REVENUES Net of Interconnection Cost | In Billions of Pesos YTD Sep 2018 : YTD Sep’17 YTD Sep’18 GROWTH PHP % SEGMENT ENTERPRISE 25.9 28.4 +2.6B +10% HIGHLIGHTS HOME 24.3 27.3 +3.0B +12% Excluding Voyager and Others INDIVIDUAL 45.5 +1.7B +4% 43.8 SUB- 101.2 +7.3B +8% TOTAL 93.9 INT’L 9.7 -2.
Slide 19: 2018 3rd Quarter Business Results
2018 3rd Quarter Business Results
Slide 20: Net Service Revenues Performance Highlights
Net Service Revenues Performance Highlights Sept YTD 2018 vs SPLY Sept YTD 2018 (in PhP billions) 28.4 25.9 Fixed Line continues to grow driven 2.7 2.4 by demand for Data. 5.0 • Broadband 19% 4.1 • Private Data Networking 10% • Corporate Voice -3% 20.7 Wireless growing like never before. 19.4 • Corp
Slide 21: Enterprise growing where it matters
Enterprise growing where it matters. YTD Sept 2018 DATA & ICT VOICE & SMS 12%, 1.9B 7%, 0.6B 18.2 16.3 9.6 10.2 YTD YTD YTD YTD Sept 2017 Sept 2018 Sept 2017 Sept 2018 63% 64% 37% 36%
Slide 22: Enterprise Corporate Data Revenues
Enterprise Corporate Data Revenues YTD Sept 2018 PLDT Enterprise Globe Business 14%, 2.2B 11%, 0.8B 17.3 15.1 8.4 7.6 YTD YTD YTD YTD Sept 2017 Sept 2018 Sept 2017 Sept 2018 66.6% 67.4% 33.4% 32.6%
Slide 23: Leading Innovations & Partnerships
Leading Innovations & Partnerships PLDT – NGENA (SD-WAN) PLDT – PCCW Global Partnership GMA ELEKSYON 2019 Partnership ePLDT- NTT Security Partnership
Slide 24: Pervasive Industry Thought Leadership
Pervasive Industry Thought Leadership CCAP Contact Islands 2018 Nat’l Retailers Conference & Expo RBAP Summit IOT Summit Philippines 2018 Digital Transformation with BSP & FINTQ Nat’l Data Privacy Summit CLOUD SecurityAlliance Cloud Security AllianceSummit Summit
Slide 25: Inspiring Filipino Entrepreneurship
Inspiring Filipino Entrepreneurship
Slide 26: First in 5G
First in 5G ‘CLARK EVELOPMENT
Slide 27: Consumer Home
PLDT A'Smart CONSUMER HOME
Slide 28: PLDT Home Broadband grows +36% YTD Q3 2018
PLDT Home Broadband grows +36% YTD Q3 2018, bringing next-gen data experience to the Philippines! PLDT HOME NET SERVICE REVENUES* In Billions of PhP 20.5B +36% 15.1B +5.4B Data YTD Q3 2017 YTD Q3 2018 9.2B 6.8B Voice -27% YTD Q3 2017 YTD Q3 2018 *New allocation of revenues applied to 2018
Slide 29: High speed Fixed HOME Broadband subscriber base growing @ +13%
High speed Fixed HOME Broadband subscriber base growing @ +13%! HOME BROADBAND SUBSCRIBER BASE In Millions of PHP 1.94M 1.80M +8% HOME broadband 4.27M penetration is at an all- 1.75M +13% time high of 1.9M 1.54M 3.88M 0.25M 0.19M | - 23% YTD Q3 2017 YTD Q3 2018 Fixed Fixed Wireless
Slide 30: PLDT Fibr Nation
Strong growth driven by expansion in Fibr ports 1 Targeted on-ground campaigning using analytics accelerating take-up PLDT FIBR NATION Q3 YOY AREA GROWTH PLDT Home now @2.25M IN COVERAGE GMM +180% FIBR-FAST BROADBAND 5.75M Fibr PORTS as of Q3 YTD‘18 NO. LUZON +198% Homes SO. LUZON +111% HOMES PASSED
Slide 31: Growth driven by Fibr migration & Upsell
Growth also driven by strong progress 2 on Fibr migration & Upsell 6.1X 2.2X more subs have been more Fibr upgraded subs upgraded to Fibr as of upsold in Q3’18 vs YE’17 Q3’18 vs YE’17
Slide 32: Speed Increase of Fibr Subs for better CX
MODERNIZED SUBSCRIBERS ENJOY THE FOLLOWING EXCLUSIVE OFFERS 2 Speed Increase Free speed boost – Free 1yr iflix Free delivery of MVP of Fibr Subs for up to 25Mbps subscription rewards card better CX UPGRADED SPEEDS
Slide 33: Speed Increase of Fibrized Subs for better CX
2 Speed Increase of Fibrized Subs for better CX Drive advocacy among existing subs thru the speed increase program
Slide 34: Launch of the Google WiFi Partnership
3 Launch of the Google WiFi Partnership Introduce the Home Fibr Google Plans GOOGLE WIFI PLAN 3799 50Mbps Unlimited Fibr + 3 Whole Home WiFi Pucks GOOGLE ADD-ON PACK P799/set (3 pcs) P299 per pc. Add on to Plan 1899 & above
Slide 35: Launch of Home Wifi Prepaid tapping a new market
Launch of Home Wifi Prepaid tapping a new market 4 Encouraging early wins for Home Wifi (Fixed Wireless) SUPER AFFORDABLE JUST PLUG & SURF AS LOW AS P15/DAY INSTANT ACTIVATION SUPER BILIS POWERED BY SMART CONNECT UP TO LTE 5 DEVICES
Slide 36: Launched a New Converged Retail Experience
5 Launched a New Converged Retail Experience
Slide 37: Consumer Individual
PLDT Aismart CONSUMER INDIVIDUAL
Slide 38: Individual turnaround: quarterly net service revenues
QUARTERLY NET SERVICE REVENUES In Billions of PHP | Excluding Infinity +1.7B or +4% YOY GROWTH IN 2018 Individual will -7.1B or -14% YOY DECLINE IN 2017 YTD Q3 2018 complete its 45.5 YTD Q3 2017 turnaround in 43.8 2018, with 15.6 14.8 15.0 accelerating 14.6 14.7 14.5 14.6 growth in Q3’18 to +8%! Q1’
Slide 39: Data revenue grows to 9.3B in Q3'18
Data revenue grows from to 9.3B in Q3’18 pushing data revenue contribution to a new high of 61% WIRELESS INDIVIDUAL DATA DATA CONTRIBUTION TO REVENUE REVENUE In Billions of Php 60% 61% 9.1 9.5 56% 8.4 Q1 ‘18 Q2‘18 Q3 ‘18 Q1 ‘18 Q2‘18 Q3 ‘18 *New allocation of revenues applied to 2018
Slide 40: Smart to lead mobile video experience in PH
1 Single minded focus for Smart to lead mobile video experience in PH driving growth Filipinos are avid PH’s best in video International video consumers The Philippines surpassed the Smart garnered the highest video Smart’s score is at par with some global average of 6.75 hours. experience score in
Slide 41: Bringing world-class mobile data experience to more Filipinos
Bringing world-class mobile data experience to 1 more and more Filipinos 4G Base Stations 3G Base Stations 6,000 1,078 69% 11% 16,694 14,716 10,926 11,254 8,716 9,848 2017 Q3’18 LE YE ‘18 2017 Q3’18 LE YE ‘18
Slide 42: Aggressive LTE Migration efforts yielding significant take-up
Aggressive LTE Migration efforts yielding significant take- 2 up, now up to 35% of subs base capable of experiencing best LTE network in the country 60% of total base now with 35% of total base now with LTE SIMs LTE smartphones 57% 60% 31% 35% 41% 35% 16% 19% Q2’17 Q3’17 Q2’18 Q3’18 Q2’17 Q3’17 Q2’1
Slide 43: YouTube Promo driving data adoption
YouTube Promo driving data adoption with best video 3 experience in SMART’s world class network DAILY YOUTUBE USERS (In Millions) 5.0M ₱21 3.8M Incremental Top-up per User 9% 800K ARPU Uplift Apr 17 Jul 9 Oct 9
Slide 44: Monetizing the Video Habit
Providing inspiration and an Opportunity to pursue passions 3 Lifestyle & How To’s Travel Music Monetizing the Video Habit Bundling Video access to drive upsell to higher value Data packages Tech Sports
Slide 45: Mobile Data Traffic showing very strong growth
WIRELESS DATA USAGE (In Millions of PB) 134 PB 3 128% +58 PB +32% Mobile Data Traffic showing very strong growth, providing a higher base for monetization Q1’17 Q2’17 Q3’17 Q4’17 Q1’18 Q2’18 Q3’18
Slide 46: Primed for monetization as YouTube promo drives usage
Primed for monetization as YouTube promo drives up usage traffic and creates daily video habits YOUTUBE TRAFFIC (TB / Day) 13.5X 986 Increase in YouTube Usage traffic (73 TB/day to 986 TB/day) 699 60% 73 of users driving over 95% of Usage traffic Apr 17 Jul 9 Oct 9
Slide 47: Monetizing the Video Habit
Monetizing the Video Habit Bundling Video access to drive upsell to higher value Data packages Launch of NEW GigaSurf Data packs VIDEO with VIDEO EVERY DAY EVERY DAY ❏ Up to 1 Hour of Video access daily on 7-day and 30-day Gigasurf packages ❏ Easy availment through *121# and App GIGASURF 50 GIGASURF
Slide 48: ee te Ao Se
ee te Ao Se > 9 PRPs PYoulube Google ae Cignat ® mal ¢ op | iflix| mobile >PPo auiaiii” ~HUAWEL é
Slide 49: KKR and Tencent US$175mn Investment in Voyager
KKR and Tencent US$175mn Investment in Voyager: Largest investment to-date in a Philippine technology company On 4 October 2018, Voyager signed subscription agreements to raise a total of US$175mn of new funding via issuance of new shares to KKR and Tencent as Lead Investors With an option to up
Slide 50: PLDT Group: Guidance for 2018
PLDT Group: Guidance for 2018 Recurring Core Income (ex-Voyager)*: P23-24bn Capex: P58bn To grow by P1-2bn from P22bn in 2017 To increase by P18bn from P40bn in 2017 Mainly from the combined impact of: Focus on: Higher EBITDA Improving network quality and provide the customer a o Improve
Slide 51: Other Details
Other Details @PLOT Bsmart 51
Slide 52: Home: Fixed home broadband remains key driver
Home: Fixed home broadband remains key driver (Php in billions) IAS18 Since 1Q15, 14 quarters of sequential (Pro-forma) revenue increases 9M18: 27.3 +12% 9M17: 24.3 +3.0 +10% +0.8 +3% +2% - +3% +2% +3% +2% +2% +3% +5% +0.3 9.1 +0.2 9.3 +4% +0.2 +0.4 8.5 +0.2 8.7 +0.2 8.9 +0.2 +0.2 +0.2 8.0 +0.3 7.5
Slide 53: Enterprise: Double digit growth persists
Enterprise: Double digit growth persists (Php in billions) IAS18 (Pro-forma) 9M18: 28.4 +10% 9M17: 25.9 +2.6 +11% +1.0 +2% +3% 2% +3% +3% +0.2 +7% +3% +0.3 9.7 - +1% +1% - +3% -0.2 +0.2 +0.3 9.2 9.5 +0.3 +0.6 +0.2 9.0 +0.1 -- 8.6 8.5 8.7 7.8 7.8 8.1 7.7 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2
Slide 54: Individual: Momentum is building
Individual: Momentum is building -- revenues higher for fourth consecutive quarter (Php in billions) IAS18 (Pro-forma) 9M18: 45.5 +4% +7% 9M17: 43.8 +1.7 +1.0 3% 9% +3% -0.5 5% +1% +3% 2% - +1% 2% 17.9 -1.6 +0.1 +0.5 17.3 -0.7 -0.4 +0.1 -0.2 +0.1 +0.4 15.5 15.7 15.0 15.0 14.6 14.7 14.5 14.5 15.0 1Q1
Slide 55: International/Carrier: Lower interconnection rates add to revenue declines
International/Carrier: Lower interconnection rates add to revenue declines (Php in billions) 9M18: 9.7 21% 9M17: 12.3 -2.6 32% -1.3 6% 7% 1% 12% 4% -0.3 - +1% 8% 7% 5.5 5.2 -0.4 --- -0.6 -0.2 4.8 4.8 --- -0.3 -0.3 21% 4.2 4.0 4.1 3.7 3.5 3.5 -0.7 2.7 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
Slide 56: Fixed Fiber and Wireless Network: Selected Highlights
Fixed Fiber and Wireless Network: Selected Highlights Accelerated Fixed Network Rollout 2018 targets exceeded at end 9M18 TOTAL HOMES PASSED TOTAL CAPACITY TOTAL FIBER FOOTPRINT (Million Homes) (Million Ports) (Thousand Cable Kilometers Laid) As of end September 2018, homes passed Existing port
Slide 57: Appendix
@PLOT Bsmart Appendix
Slide 58: Subscriber Base: Mobile
Subscriber Base: Mobile Mobile Subscribers (1) by Category: Sept-18 (2) Jun-18 (2) Mar-18 (2) Dec-17 (2) Sept-17 (2) Jun-17 (2) Mar-17 (1) Mobile Subscriber Base Prepaid (2) 55,627,968 56,081,230 55,666,020 55,776,646 55,651,398 56,083,707 60,421,068 Smart Prepaid 19,526,064 20,261,130 20,198,965 20
Slide 59: Subscriber Base: Fixed Line and Broadband
Subscriber Base: Fixed Line and Broadband Fixed Line Subscribers Sept-18 June-18 Mar-18 Dec-17 Sept-17 Jun-17 Mar-17 Fixed Line Subscribers 2,778,274 2,756,865 2,707,079 2,663,210 2,614,248 2,546,992 2,487,601 Broadband Subscribers Sept-18 June-18 Mar-18 Dec-17 Sept-17 Jun-17 Mar-17 BROADBAND Fixed
Slide 60: ARPU
ARPU Mobile ARPU, Net(1) : 2018 (2) 2017 1Q 2Q 3Q 1Q 2Q 3Q 4Q Smart Postpaid 809 813 810 965 985 975 961 Smart Prepaid (3) 112 116 120 104 109 108 110 TNT (3) 73 73 71 71 77 74 75 Sun Postpaid 382 403 406 413 412 421 428 Sun Prepaid (3) 80 82 82 78 82 82 85 (1) Includes Mobile Broadband subscribers
Slide 61: 9M2018: Consolidated Financial Highlights
9M2018: Consolidated Financial Highlights 9M2018 9M2018 (PFRS15) (Pro-forma) 9M2018 Y-o-Y Y-o-Y 9M2017 (PFRS 15) vs % Change % Change Wireless Fixed Line Others Consolidated Consolidated Pro-forma (Php in millions) Service Revenues (1) 62,269 60,491 585 114,876 113,029 2% 117,741 (2,865) 4% (2) Cash
Slide 62: Reconciliation of Underlying Core and Reported net income
Reconciliation of Underlying Core and Reported net income 9M2018 9M2018 9M2018 Y-o-Y Y-o-Y (PFRS15) 9M2017 (Pro-forma) (PFRS15) vs Pro- % Change % Change forma (Php in millions) Wireless Fixed Line Others Consolidated Consolidated Net Income (Losses) Attributable to Equity Holders of PLDT 6,311 9,11
Slide 63: Consolidated Service Revenues
Consolidated Service Revenues 2018 2018 2017 9M2018 Y-o-Y Y-o-Y (PFRS15) (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY 1Q 2Q 3Q 9M Data/Broadband/Digital Platforms 20,511 21,721 22,109 64,341 16,221 16,608 16,948 49,777 17,422 67,199 29% 21,284 2
Slide 64: Wireless Service Revenues
Wireless Service Revenues 2018 2018 2017 9M2018 Y-o-Y Y-o-Y (PFRS15) (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY 1Q 2Q 3Q 9M Data/Broadband/Digital Platforms 8,797 9,220 9,686 27,703 7,281 7,627 7,555 22,463 7,614 30,077 23% 9,532 9,957 10,361
Slide 65: Fixed Line Service Revenues
Fixed Line Service Revenues 2018 2018 9M2018 2017 Y-o-Y Y-o-Y (PFRS15) (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY 1Q 2Q 3Q 9M Data/Broadband 13,187 13,234 14,019 40,440 10,574 10,885 11,111 32,570 11,724 44,294 24% 13,224 13,286 14,418 40,928
Slide 66: Expenses
Expenses 9M2018 9M2018 9M2018 Y-o-Y Y-o-Y (PFRS15) 9M2017 (Pro-forma) (PFRS 15) vs % Change % Change (Php in millions) Wireless Fixed Line Others Consolidated Consolidated Pro-forma Operating Expenses Compensation and Employee Benefits 5,515 10,691 519 16,712 17,870 (6%) 16,712 - (6%) Repairs and Ma
Slide 67: Other Income (expenses)
Other Income (expenses) 9M2018 9M2018 9M2018 Y-o-Y Y-o-Y (PFRS15) 9M2017 (Pro-forma) (PFRS 15) vs % Change % Change Pro-forma ( Php in millions) Wireless Fixed Line Others Consolidated Consolidated Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Beacon - - - - 887 (100%) - - (
Slide 68: Earnings Per Share (EPS)
Earnings Per Share (EPS) 9M2018 9M2017 (PFRS 15) (Php in millions except EPS (in Php) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 16,269 16,269 21,878 21,878 Dividends on Preferred Shares (44) (44) (44) (44) Net Income for the Period Attributable
Slide 69: Balance Sheet
Balance Sheet Consolidated (Php in millions) September 30, 2018 December 31, 2017 Total Assets 470,841 459,444 Nominal Value of Total Long-Term Debt 179,678 173,136 in US$ $3,321 $3,466 Less: Unamortized Debt Discount 455 525 Total Long-Term Debt 179,223 172,611 Cash and Short-Term Investments 50,05
Slide 70: Debt Profile
Debt Profile (US$ in millions) 2016 2017 9M2018 Debt Balance 3,730 3,466 3,321 Cash and Short-Term Investments 833 668 925 Net Debt 2,897 2,798 2,396 Interest-Bearing liabilities December 31, September 30, 2018 2017 Unamortized Debt Change Carrying Discount/Debt Face Value Face Value Value (US$ in m
Slide 71: Foreign Exchange Risk
Foreign Exchange Risk Forex Impact on Core Income Forex Impact of B/S Revaluation Forex sensitivity for every P1 change Forex sensitivity for every P1 change on B/S (in US$ millions) Conso - net of Elim Conso Revaluation (in US$ millions) US$ Revenues* 341.1 Debt (net of LT hedges & ST Forwards/opti
Slide 72: Forward-looking statements
Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchang
Slide 73: PLDT Smart
A PLDT ASmart