PLDT, Inc. · PSE:TEL
PLDT — Q1 2022 Earnings Presentation
59 slides from PLDT's earnings presentation, May 5, 2022
Slide 1: First Quarter 2022 Financial and Operating Highlights
First Quarter 2022 Financial and Operating Highlights 5th May 2022
Slide 2: Q1 2022 Performance Highlights
Q1 2022 PERFORMANCE HIGHLIGHTS 13.6B vs YAGO’s 10.9B; +2.7B, +25% TELCO CORE INCOME NET SERVICE REVENUES* 20.4B 8.2B 46.4B vs YAGO’s 7.5B; +0.7B, +9% vs YAGO’s 44.8B; +1.5B, +3% vs YAGO’s 22.1B; -1.7B, -8% 11.6B vs YAGO’s 10.8B; +0.8B, +7% ALL - TIME HIGH 0.8B vs YAGO’s 1.0B; -0.2B, -21% EXPENSES (e
Slide 3: Q1 2022 Key Performance Drivers: Revenue Growth Drivers
Q1 2022 KEY PERFORMANCE DRIVERS REVENUE GROWTH DRIVERS FIBER NET ADDS FIBER PORTS NEW FIBER INSTALLS AND NEW PORTS IN Q1 2022 ALONE MIGRATION IN Q1 2022 6.25M PORTS IN TOTAL DATA REVENUE Profitable MOBILE DATA USAGE 5G LATCHED DEVICES new growth AVERAGE MONTHLY MOBILE 5G AVERAGE DAILY 79% REVENUE DA
Slide 4: Continuously Making Strides Towards Our Ambition - Best in CX
Q1 2022 KEY PERFORMANCE DRIVERS CONTINUOUSLY MAKING STRIDES TOWARDS OUR AMBITION - BEST IN CX Customer Centricity Optimized IVRS to Automated credit validation Deployed 79 Paybox kiosks empower customers to accelerate onboarding for hassle-free payments Enhanced automated phone Deployed a more effic
Slide 5: Overview of the Transformational Thrusts
Overview of the Transformational Thrusts CVM / Advanced analytics Repair and maintenance Operating model simplification IT demand management Industry- leading Channel strategy IT system architecture operational excellence Call center volume reduction Fiber roll-out End-to-end install optimization Ca
Slide 6: People-led Aurora Transformation Shapes New Culture
Q1 2022 KEY PERFORMANCE DRIVERS PEOPLE-LED AURORA TRANSFORMATION SHAPES NEW CULTURE Best place to work Embraced new ways Organization health Smart #1 on LinkedIn's of working baseline established Top Companies of 2022 Multiple Change Management Launched OHI – Organizational We stay the course as we
Slide 7: Ensuring Sustainability Practices Across Network and Operations
Q1 2022 KEY PERFORMANCE DRIVERS ENSURING SUSTAINABILITY PRACTICES ACROSS NETWORK AND OPERATIONS Doing business responsibly PH's largest PLDT taps PLDT completes fiber hyperscaler facility to be built renewable energy connection in Central PH with Sustainability in mind Completed installation of sola
Slide 8: Delivering World-Class Service Enabled by Next Level Technology
DELIVERING WORLD-CLASS SERVICE ENABLED BY NEXT LEVEL TECHNOLOGY Smart is 'operator to beat' Fiber migration on track for Securing Data Center in the PH - Opensignal completion dominance Total of 11 awards for speed VITRO Sta. Rosa will soon rise and and experience in Q1 2022 will be the largest hype
Slide 9: Innovations to Benefit All Filipinos
INNOVATIONS TO BENEFIT ALL FILIPINOS PLDT PIONEERS TOWER SHARING IN PAYMAYA REBRANDS TO MAYA, THE THE PHILIPPINES ALL-IN-ONE MONEY PLATFORM PLDT sells 5.9k telco towers for P77B. The new Maya app seamlessly integrates digital This pioneer undertaking supports DICT’s goal of banking services powered
Slide 10: Financials
Financials 10
Slide 11: PLDT Group Service Revenues
PLDT Group Service Revenues (Php in bn) 1Q 2022 1Q 2022 1Q 2021 vs 1Q 2021 8% Individual 20.4bn 22.1bn -1.7bn Fiber only 11.1bn 13.6bn 25% Home 10.9bn 74% +2.7bn +4.7bn 11.6bn 10.8bn 7% Enterprise +0.8bn 4% Consumer and Enterprise 45.5bn 43.8bn +1.7bn International and Carrier 21% 0.8bn 1.0bn -0.2bn
Slide 12: Consolidated Service Revenues: Reaching a new all-time high
Consolidated Service Revenues: Reaching a new all-time high (Php in bn) 1Q22 vs 1Q21 1Q 2022 3% ₱46.4bn +1.5bn 1Q22 vs 1Q21 3% -0.1bn +0.2bn --- 46.2 46.4 +1.5bn 44.9 44.8 45.0 46.0 43.7 0.8 41.5 41.3 1.5 1.5 1.0 1.0 1.0 1.0 -21% 1.6 1.5 10.2 10.8 10.5 11.1 11.6 11.6 10.0 10.0 10.5 +7% 9.8 10.2 10.9
Slide 13: Home: Continued record-high fiber connections
Home: Continued record-high fiber connections (Php in bn) 1Q22 vs 1Q21 Fiber-only 1Q22 vs 1Q21 1Q 2022 25% 1Q 2022 ₱13.6bn 74% ₱11.1bn +2.7bn +4.7bn 1Q22 vs FY21 ave. +9% +1.1bn 14% 12.6 12.5 13.6 10.9 11.8 +1.7bn 9.2 9.3 9.8 10.2 1.5 2.5 1.7 Voice 2.8 3.3 Non-Fiber 3.5 3.4 3.7 11.1 35% 3.9 9.8 +13%
Slide 14: Individual: Headwinds from competition and rising inflation
Individual: Headwinds from competition and rising inflation (Php in bn) 1Q22 vs 1Q21 1Q 2022 8% ₱20.4bn -1.7bn -3% -0.7bn 22.0 23.1 22.1 21.7 21.3 20.7 20.4 21.1 20.4 0.9 1.0 1.0 Fixed Wireless 0.4 0.7 2.6 2.7 2.7 0.9 0.8 0.8 0.6 3.1 3.0 2.6 2.6 2.5 2.4 Postpaid Prepaid 17.2 16.7 18.5 19.3 18.4 18.2
Slide 15: Enterprise: Consistent solid performance
Enterprise: Consistent solid performance (Php in bn) 1Q22 vs 1Q21 1Q 2022 7% ₱11.6bn +0.8bn --- 11.1 11.6 11.6 10.5 10.2 10.8 10.5 10.0 10.0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 1Q22 vs FY21 ave. 2020: ₱40.6bn 2021(1): ₱44.0bn 5% Qtr ave: ₱10.2bn Qtr ave: ₱11.0bn +0.6bn Corporate Cloud licen
Slide 16: International/Carrier: Riding out the long tail
International/Carrier: Riding out the long tail (Php in bn) 1Q22 vs 1Q21 1Q 2022 21% ₱0.8bn -0.2bn 1.63 1.53 1.47 1.48 1.04 1.01 1.02 1.00 0.82 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 Zero mobile interconnect fees for SMS and Voice (1 Jan 2020) 2020: ₱6.1bn 2021(1): ₱4.1bn Qtr ave: ₱1.5bn Qtr a
Slide 17: Data and broadband continue to drive growth
Consolidated Service Revenues: Data and broadband continue to drive growth (Php in bn) 1Q22 vs 1Q21 Data/Broadband 1Q22 vs 1Q21 1Q 2022 3% 1Q 2022 8% ₱46.4bn ₱36.6bn +1.5bn +2.8bn ILD SMS/Voice Data/broadband 46.2 46.4 43.7 44.9 44.8 45.0 46.0 41.5 41.3 0.9 0.9 0.9 0.7 1.0 0.9 0.9 1.0 1.1 10.4 10.1
Slide 18: Data/broadband: 79% of consolidated service revenues
Data/broadband: 79% of consolidated service revenues (Php in bn) ILD (2022 vs 2021) (2%) 1.4 0.7 Mobile Data 17.5bn 7.6 1Q2022 Home Broadband 11.9bn 22% ₱46.4bn +2.1bn Data/Broadband 8% Corporate Data 5.9bn 10% 13% (79%*) +0.5bn +2.8bn 36.6 Home: 84% ICT 1.3bn 6% 13% Individual: 83% +0.1bn Enterpris
Slide 19: PLDT Group: Subscriber Base
PLDT Group: Subscriber Base (in ‘000) End 1Q 2022 End 2021 1% Total Subscribers 78,127 78,793 -667K 1% Mobile 70,280 71,222 4,080 3% 3,767 4% Broadband 3,952 Fixed Line 3,619 -942K +148K +128K Cellular 69,064 70,225 -2% Fixed Wireless 985 946 -4% Prepaid 67,119 68,323 -2% Postpaid 1,945 1,901 +2% Fi
Slide 20: PLDT Group: Broadband subscriber base
PLDT Group: Broadband subscriber base (in ‘000) 2021 2022 (in '000) 1Q 2Q 3Q 4Q FY2021 1Q Subscribers Fixed Broadband Gross 241 270 349 323 1,183 281 Fiber Only: Gross Connects and Migrations Churn (129) (117) (119) (126) (490) (114) Net Adds 112 154 230 197 693 167 3,134 (Monthly ave. per qtr) Fibe
Slide 21: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights (Php in bn) 1Q 2022 1Q 2022 1Q 2021 vs 1Q 2021 Service Revenues 46.4bn 3% (net of interconnection costs) 44.8bn +1.5bn Cash Opex, Subsidies, Provisions 20.9bn 3% (ex-MRP) 21.6bn -0.7bn * excl Provisions: ₱20.0bn Provisions 0.9bn 1.6bn EBITDA 25.5bn 23.3bn 10% (ex-MRP
Slide 22: Consolidated EBITDA and Telco Core Income: 1Q 2022 vs 1Q 2021
Consolidated EBITDA (ex-MRP) and Telco Core Income: 1Q 2022 vs 1Q 2021 (Php in bn) Higher Higher Svc Rev Cash Lower Lower (net of IC) Opex/CoS Provisions Subsidies +1.5 -0.3 +0.7 +0.3 25.5 23.3 EBITDA 10% (ex-MRP) +2.2bn 1Q2021 1Q2022 EBITDA margins 51% 53% Lower Higher Higher Higher Equity in Highe
Slide 23: Estimated impact from Typhoon Odette
Estimated impact from Typhoon Odette In Million Php FY 2021 1Q2022 Total Odette Impact Impact on EBITDA 891 604 1,495 Revenues 537 537 Opex 354 604 958 Asset Impairment 170 178 348 Total Impact 1,061 782 1,843 Impact net of Tax 796 587 1,382 ➢ Normalized for the impact of Typhoon Odette, EBITDA for
Slide 24: Consolidated EBITDA (ex-MRP): Hitting another record high
Consolidated EBITDA (ex-MRP): Hitting another record high (Php in bn) 1Q22 vs 1Q21 1Q 2022 10% ₱25.5bn +2.2bn Margin: 53% +1% +0.4bn 25.1 25.5 23.3 24.5 22.7 22.8 23.3 21.6 21.6 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 1Q22 vs FY21 ave. 2020: ₱88.8bn 2021: ₱96.2bn (Margin: 51%) (Margin: 52%) 6%
Slide 25: Telco Core Income: In line with guidance of ₱33bn
Telco Core Income: In line with guidance of ₱33bn (Php in bn) 1Q22 vs 1Q21 1Q 2022 9% ₱8.2bn +0.7bn Highest quarter since 2015 (1) +15% +1.1bn 8.2 7.5 7.7 7.9 7.0 7.1 7.1 7.1 6.9 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 1Q22 vs FY21 ave. 2020: ₱28.1bn 2021: ₱30.2bn 9% Qtr ave: ₱7.0bn Qtr ave: ₱7
Slide 26: PLDT Group: Telco Core and Reported Income
PLDT Group: Telco Core and Reported Income (Php in bn) 1Q2022 1Q2021 1Q 2022 vs 1Q 2021 9% Telco Core Income 8.2bn 7.5bn +0.7bn Share in Voyager/Bank Hold Co Loss (0.7bn) (0.4bn) -0.2bn Voyager Gain on Dilution, net of tax --- 0.3bn -0.3bn 7.5bn 7.3bn 2% Telco Core Income + Voyager +0.2bn Income fro
Slide 27: Other Matters
Other Matters ➢ Manpower Rightsizing Program (MRP) completed in 1Q22 ▪ 1,006 availments (PLDT: 683; Smart: 323) ▪ MRP opex of ₱4.8bn in 2022 ▪ Cost optimization program with estimated total annualized savings of ₱2.4bn for 2023 ✓ Payback of ~ 2 years ➢ Prescription of Redemption Liability for Prefer
Slide 28: PLDT Group: Debt Profile
PLDT Group: Debt Profile Debt Balance Debt Maturities (gross) (US$ in billions) (US$ in millions, 31 Mar 2022) Net Debt Net Debt-to-EBITDA* Gross Debt US$4,424mn 2.33x US$4,997mn (FY21: 2.38x) 2,710 4.7 3.8 5.0 4.5 5.0 4.4 0.9 0.5 0.6 165 617 267 438 288 512 2020 2021 1Q2022 2022 2023 2024 2025 2026
Slide 29: PLDT Group: Consolidated Capex
PLDT Group: Consolidated Capex (Php in bn) 2012 to 2016 2017 to 2021 Last 10 Years 2022 Total Capex ₱85bn Investments P186.0bn P332.5bn ₱518.5bn Capex Guidance Business Capex Network/IT ➢ Revised capex guidance of P85bn (vs original capex Data Center and Subsidiaries 24% guidance of ₱76bn – 80bn) to
Slide 30: Tower Sale and Leaseback Transaction: Highlights
Tower Sale and Leaseback Transaction: Highlights ➢ Agreement for sale and leaseback of 5,907 telecom ➢ Leaseback for 10 years under attractive terms towers for P77bn signed on 19 April 2022 ▪ P100K/tower (P70K fixed; P30K for O&M with escalation of up to 3% p. a.) Portfolio 1 Portfolio 2 Total ▪ No
Slide 31: Fixed Fiber and Wireless Network: Selected Highlights
Fixed Fiber and Wireless Network: Selected Highlights Extensive Fixed Network Rollout TOTAL HOMES PASSED TOTAL CAPACITY (Fiber) TOTAL FIBER FOOTPRINT Presence: 62% (Million Ports) (Thousand Cable Kilometers Laid) (Million Homes) +11% ➢ Available Ports: 2.71mn (1.90mn fiber + 0.81mn ➢ 1Q2022 roll out
Slide 32: Smart 5G Highlights
Smart 5G Highlights Connected Unique Devices Data Traffic Ookla In ‘000 (Total for the Quarter) +529% In TB +5,377% Mbps +35% +79Mpbs +55% 1,583 16,098 1,176 +65% 200.43 +65% +46% +72% 9,752 +38% 759 +116% 5,686 121.29 520 252 376 2,627 294 944 Smart Globe Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 4
Slide 33: Meet Maya, the all-in-one money platform of the Philippines
Meet Maya, the all-in-one money platform of the Philippines Registered customers 47M across consumer platforms #1 Largest payments processor for key industries Enterprise Consumer 630K Points of Acceptance nationwide Widest agent network 63K servicing offline consumers Maya Payments Crypto maya Insu
Slide 34: Major Milestones Unlocked with Maya Launch
Major Milestones Unlocked with Maya Launch Maya brand introduced Maya App rolled out for consumers Maya Bank officially launched with fresh campaign • All-in-one money app • Maya Bank officially commenced operations in March and launched in • All-in-one money platform • E-wallet, Crypto, insurance p
Slide 35: Voyager achieved Unicorn+ status: US$1.4bn at last funding round
Voyager achieved Unicorn+ status: US$1.4bn at last funding round ➢ Series C funding round: US$210mn in April 2022 ▪ Participation from ✓ Existing investors (PLDT, KKR, Tencent, IFC) o PLDT infused US$62mn, ownership at 36.8% ✓ New investors: o SIG Venture Capital (the Asian venture capital arm of SI
Slide 36: 2022 Outlook/Guidance
2022 Outlook/Guidance ➢ Home broadband to lead growth, with revenue momentum expected to accelerate ➢ Enterprise to register stronger Service Revenue Growth Mid-single digit growth performance underpinned by ICT ➢ Wireless faces challenging environment but to benefit from opening up of economy ➢ Exp
Slide 37: Sustainability
Sustainability 37
Slide 38: Sustainability in Action – Care for the Environment
PLDT Group: Sustainability in Action – Care for the Environment #Solar Roof Top Panels SDGs: 7, 9, 11, 13 #EHS Week 2022 SDGs: 3, 11 Solar roof top panels unveiled at Mandaue, Cebu and Conducted various webinars to promote a positive La Paz, Ilo-Ilo; 3 others in Visayas to follow Environment, Health
Slide 39: Sustainability in Action – Concern for the Planet
PLDT Group: Sustainability in Action – Concern for the Planet #EarthHour 2022 SDGs: 11, 13 #Waste Management SDGs: 11, 12 PLDT Group supported Earth Hour 2022 Integrated Solid Waste Management Webinar conduted by Basic Environmental Systems and Technologies (BEST) ➢ Increasing awareness of the probl
Slide 40: Sustainability in Action – Commitments and Partnerships
PLDT Group: Sustainability in Action – Commitments and Partnerships SDG 17 #GCNP’s Planet PIllar SDG 17 #Sustainability Chamber (NEDA) PLDT and Smart are members of the UN Global Compact’s local PLDT and Smart pledged commitment to the 2030 chapter: Global Compact Network Philippines (GCNP) Agenda f
Slide 41: Path to Net Zero: 40% reduction target in Scope 1 and 2 by 2030
Path to Net Zero: Preliminary reduction target of 40% in Scope 1 and 2 GHG emissions by 2030 ➢ GHG emissions profile based on 2019 baseline: about 30% are from Scope 1 and 2 ▪ Scope 1 (direct): 3% ▪ Scope 2 (indirect): 28% ▪ Scope 3 (upstream/downstream supply chain): 69% ➢ Decarbonization roadmap b
Slide 42: Selected PLDT ESG Ratings and Awards
Selected PLDT ESG Ratings and Awards: Progress of our sustainability journey The Asset ESG Corporate Awards PLDT is included in the #12 FTSE4Good Index (2021) out of 150 Gold ➢ Selection criteria designed to 2021 Digital Inclusion Award reflect strong ESG risk management practices Benchmark Sustaina
Slide 43: Appendix
Appendix 43
Slide 44: Subscriber Base: Mobile
Subscriber Base: Mobile Mobile Subscribers by Category: Net Adds (Reductions) Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 1Q2022 vs 1Q2021 1Q2022 vs 4Q2021 (1) Mobile Subscriber Base Prepaid 68,224,018 69,205,731 68,524,765 69,625,148 69,706,746 (1,482,728) (2%) (981,713) (1%) Smart Prepaid 26,229,708 26,665
Slide 45: Subscriber Base: Fixed Line and Broadband
Subscriber Base: Fixed Line and Broadband Fixed Line Subscribers Net Adds Net Adds Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 1Q2022 vs 1Q2021 1Q2022 vs 4Q2021 Fixed Line Subscribers 3,766,956 3,619,372 3,441,847 3,245,547 3,108,796 658,160 21% 147,584 4% Broadband Subscribers Net Adds Net Adds Mar-22 Dec-2
Slide 46: ARPU
ARPU Mobile ARPU, Net(1) : 2022 2021 1Q 1Q 2Q 3Q 4Q Smart Postpaid 786 819 823 825 798 Smart Prepaid 99 104 104 104 105 TNT 82 83 85 84 85 Sun Postpaid 440 407 387 445 475 (1) Includes Mobile Broadband subscribers Broadband ARPU, Net : 2022 2021 1Q 1Q 2Q 3Q 4Q (2) Fixed Line Broadband 1,395 1,451 1,
Slide 47: Consolidated Financial Highlights
Consolidated Financial Highlights 1Q2022 Y-o-Y 1Q2021 Wireless Fixed Line Others Consolidated % Change (Php in millions) (1) Service Revenues 23,686 34,424 - 47,974 45,677 5% (2) Cash Operating Expenses 9,294 22,036 5 25,073 19,672 27% Subsidies and Cost of Services 647 721 - 1,091 1,341 (19%) Provi
Slide 48: Consolidated Service Revenues
Consolidated Service Revenues 2022 2021 % Change 1Q2022 vs 1Q 1Q 2Q 3Q 4Q FY (Php in millions) 1Q2021 Fixed Line 24,506 20,861 21,318 22,373 22,687 87,239 17% LEC 3,492 3,404 3,407 3,446 3,530 13,787 3% Fixed Line Voice - International 1,784 1,065 1,126 1,035 1,348 4,574 68% Fixed Line Voice - Domes
Slide 49: Consolidated Service Revenues and EBITDA
Consolidated Service Revenues and EBITDA 2022 2021 % Change 1Q2022 vs 1Q 1Q 2Q 3Q 4Q FY (Php in millions) 1Q2021 Data and Broadband 36,665 33,911 34,464 35,753 35,838 139,966 8% Home Broadband 11,946 9,797 10,457 11,285 11,026 42,565 22% Fixed Line 11,303 8,809 9,498 10,412 10,247 38,966 28% Fixed W
Slide 50: Wireless Service Revenues
Wireless Service Revenues 2022 2021 % Change 1Q2022 vs 1Q 1Q 2Q 3Q 4Q FY (Php in millions) 1Q2021 Data/Broadband 18,129 18,141 18,419 18,472 18,501 73,533 - Mobile Data 17,556 17,568 17,576 17,696 17,804 70,644 - Mobile Internet 16,407 16,512 16,609 16,697 16,502 66,320 (1%) Mobile Broadband 889 760
Slide 51: Fixed Line Service Revenues
Fixed Line Service Revenues 2022 2021 % Change 1Q2022 vs 1Q 1Q 2Q 3Q 4Q FY (Php in millions) 1Q2021 Data/Broadband 23,074 18,292 18,692 20,031 21,561 78,576 26% Home Broadband 11,381 9,238 9,626 10,520 10,339 39,723 23% Corp. Data and Other Network Services 9,721 7,321 7,489 7,839 9,684 32,333 33% I
Slide 52: Expenses
Expenses 1Q2022 Y-o-Y 1Q2021 (Php in millions) Wireless Fixed Line Others Consolidated % Change Operating Expenses Compensation and Employee Benefits 2,470 8,764 - 11,228 6,538 72% Repairs and Maintenance 3,090 3,923 - 6,694 5,865 14% Professional and Other Contracted Services 1,034 1,326 1 2,006 2,
Slide 53: Other Income (expenses)
Other Income (expenses) 1Q2022 Y-o-Y 1Q2021 Wireless Fixed Line Others Consolidated % Change ( Php in millions) Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Multisys - - (30) (30) (10) 200% Vega - - 3 3 3 - Voyager - - (729) (729) (514) 42% Others - - (2) (2) 207 (101%) Tot
Slide 54: Earnings Per Share (EPS)
Earnings Per Share (EPS) 1Q2022 1Q2021 (Php in millions except EPS (in Php) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 9,078 9,078 5,803 5,803 Dividends on Preferred Shares (15) (15) (15) (15) Net Income for the Period Attributable to Common Equ
Slide 55: Balance Sheet
Balance Sheet Consolidated (Php in millions) March 31, 2022 December 31, 2021 Total Assets 634,051 626,328 Nominal Value of Total Debt 259,361 255,414 in US$ $4,997 $5,011 Less: Unamortized Debt Discount 2,528 2,857 Total Debt 256,833 252,557 Cash and Short-Term Investments(1) 29,730 26,755 (2) Net
Slide 56: Debt Profile
Debt Profile (US$ in millions) 2019 2020 2021 1Q2022 Debt Balance 3,800 4,665 5,011 4,997 Cash and Short-Term Investments 486 882 525 573 Net Debt 3,314 3,783 4,486 4,424 Interest-Bearing liabilities December 31, March 31, 2022 2021 Change Carrying Unamortized Debt Face Value Face Value Value Discou
Slide 57: 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 Conso - net of Elim Conso (in US$ millions) Revaluation (in US$ millions) US$ Revenues 215.9 Debt (net of LT hedges & ST Forwards/optio
Slide 58: 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 59: PLDT
(PLDT