PLDT, Inc. · PSE:TEL
PLDT — FY2024 Earnings Presentation
49 slides from PLDT's earnings presentation, Feb 27, 2025
Slide 1: FY2024 Analysts Briefing
Presentations Page (IR website) FY2024 Analysts Briefing 1
Slide 2: Financial Highlights
Financial Highlights Stable Expansion and Earnings Growth FY24 FY23 Change % Change Gross Service Revenues Service Revenues 194.7bn 191.4 +3.3bn +2% [net of interconnection costs] ₱208.4bn 3% Cash Opex, Subsidies, Provisions +6.6bn 86.1bn 87.1bn -1.0bn -1% (ex-MRP) EBITDA (ex-MRP) 108.5bn 104.3bn +4
Slide 3: Consolidated Service Revenues
Consolidated Service Revenues Sustained Revenue Growth Driven by Data and Digital Services 194.7bn Total FY2024 2% Individual Home Enterprise Service Revenues (1) +3.3bn Total 2% Total Total 3% 1% ₱83.5bn +1.6bn ₱60.7bn +0.3bn ₱48.4bn +1.3bn 25% 43% Individual Home Revenue Mix Enterprise Internation
Slide 4: Driving Mobile Data Expansion
Driving Mobile Data Expansion Higher Data Usage and ARPU Growth Driving Revenue Total Individual Total Mobile Data Individual service revenues for FY24 2% +1.6bn 89% of total 5% +3.4bn grew by 2% year-on-year ₱83.5bn FY24 VS FY23 ₱74.4bn FY24 Individual VS FY23 • Prepaid grew by 2%; postpaid up by 4
Slide 5: Home Fiber Momentum Pickup
Home Fiber Momentum Pickup Industry Leading Churn and ARPU Total Home Total Fiber Fiber revenues up ₱3B to ₱56B +0.3bn of total +3.0bn delivering +6% YoY Growth ₱60.7bn FY24 1% VS FY23 ₱56.0bn FY24 92% Home 6% VS FY23 • FY Fiber net adds at 198K with 2H24 delivering 147K new customers • Fiber expans
Slide 6: Enterprise Solutions
Enterprise Solutions ICT Services, Cloud, & Data driving growth Total Enterprise Total Corp Data & ICT (1) ICT business remains the fastest 3% +1.3bn 72% of total 5% +1.6bn growing segment at 15% ₱48.4bn FY24 VS FY23 ₱35.0bn FY24 Enterprise VS FY23 • Managed IT Services +48% • Data center colocatio
Slide 7: Consolidated EBITDA
Consolidated EBITDA (1) Record High EBITDA driven by Revenue Growth and Cost Efficiency EBITDA Growth Rise in Revenues Decline in Costs ₱108.5bn 52% 4% +4.2bn ₱3.3bn ₱1.0bn Margin VS FY23 YoY EBITDA FY24 (Php in bn) VS 3Q24 VS 4Q23 EBITDA Margins 30 +4% +7% 28 +1.0bn +1.9bn 1Q23 52% 2Q23 53% 26 3Q23
Slide 8: Telco Core & Reported Income
Telco Core & Reported Income Stable Core Earnings and Improved Profitability Telco Core Growth FY24 FY23 FY24 vs FY23 Key Insights Telco Core Income 35.1bn 34.3bn +0.8bn 01 Maya Innovations 2% Share in Maya Innovations Holdings (MIH)/Bank Hold Co -1.0bn -2.2bn +1.2bn [1] Losses from Maya have +0.8bn
Slide 9: Consolidated Capex
Consolidated Capex Optimizing Investments to Sustain Growth (Php in bn) FY2024 capex stood at P78.2bn Total Capex 96.8 (2015-2024) 85.1 Guidance for 2025: ₱68-73bn Investments 78.2 ▪ Cont’d Momentum on network roll out • New cell sites + LTE/5G upgrade Others • Home fiber ports Business • Increased
Slide 10: Debt Profile
Debt Profile Proactive Debt Management 144.3 Debt Balance (1) 251.9 256.9 283.6 273 Debt Maturities 225.7 239.7 [gross] (4) ₱273.0bn 23.7 15.9 27.5 21.3 26.3 24.6 Net Debt 26.2 17.2 10.6 2.52x 2022 2023 2024 ₱ 283.6bn 2025 2026 2027 2028 2029 2030 2031 to Net Debt-to-EBITDA(2) Gross Debt 2050 Debt B
Slide 11: Dividend Stability
Dividend Stability Sustained Dividend Payouts While Managing Leverage Final Dividend Declaration Date: Record Date: Payment Date: 27 Feb 2025 13 March 2025 3 April 2025 ₱47 Telco Core EPS Dividend Per Share ₱ 162 94 97 01 Focus remains on 89 82 deleveraging and 77 delivering positive free Dividend P
Slide 12: Maya 2024 Highlights
Maya 2024 Highlights #1 Fintech Ecosystem #1 #1 Digital Bank(1) Merchant Acquirer 5.4mm 1.6mm Largest Market Share in Bank Customers (+71% YoY)(2) Borrowers (+99% YoY)(2) Card Acquiring & QRPH(4) Php39B Php92B Positive Net Income Loans Disbursed LTD as of Dec-24 for the entire Maya Group Deposit Bal
Slide 13: #1 Digital Bank Dominating Loans and Deposits
#1 Digital Bank Dominating Loans and Deposits Best Digital Bank FinanceAsia Awards, Retail Banking Awards, World Digital Bank Awards, CNBC Best Banks – Asia Pacific Strong growth in Deposits with an …driven by strong growth in organic loan Maya’s NPL have consistently been lower Increasing loan to d
Slide 14: Expansion of business with launch of new products across segments
Expansion of business with launch of new products across segments Consumer Enterprise Bills Pay for Merchants Maya Business Advance in Maya Business Deposit Custom Loan Terms 6 Months of product build to commercial launch 100k+ Cards Issued 14
Slide 15: Sustainability Highlights
Sustainability Highlights 2024 ESG Ratings Achieved a 14-point improvement in 2024 S&P Global CSA score Part of S&P Global Sustainability Yearbook 2025 PLDT is the only Philippine company among 780 companies included in the Yearbook S&P Global assessed 7,690 companies globally across 62 industries R
Slide 16: Executing with Discipline, Positioned for Growth
Executing with Discipline, Positioned for Growth Momentum for 2025: Focused on Growth Initiatives • BUs set for expansion, leveraging innovation and digital transformation Strategic Investments to Secure Market Leadership • Strengthened Network Infrastructure • Expanded 5G, AI-driven marketing, and
Slide 17: Business Unit Updates & 2025 Guidance
Business Unit Updates & 2025 Guidance
Slide 18: Unlocking Wireless Growth: 5G, AI, and Smarter Monetization
Unlocking Wireless Growth: 5G, AI, and Smarter Monetization Smarter Monetization through Market Expansion • Scaling 5G Adoption & Monetization • 5G Cities + Affordable Phones = Expanding mass adoption. • Experience-Based Monetization = New revenue from enhanced user experiences. • 2G/3G/4G to 5G Mig
Slide 19: Driving Growth Through Innovation: Enhancing Home Initiatives
Driving Growth Through Innovation: Enhancing Home Initiatives Enhancing Connectivity & Customer Experience for Sustained Revenue Growth • Always On Broadband • World’s First always-on broadband service that provides continuous service during downtimes. • Seamless failover to LTE when fiber is unavai
Slide 20: Transforming Enterprise: Connectivity & Innovation
Transforming Enterprise: Connectivity & Innovation Unlocking Growth with 5G & Network API Monetization • 5G for B2B: Driving Industry-Specific Innovation Full Stack 5G Mobile • Tailored 5G solutions for enterprises Private Network • Advancing MPN & 5GSA for ultra-reliable, low-latency applications 5
Slide 21: Slide 21
Slide 22: Vitro: Leading the Way in AI-Ready, Sustainable Data Centers
Vitro: Leading the Way in AI-Ready, Sustainable Data Centers FY2024 Analysts Briefing 22
Slide 23: 4Q2024 Sustainability Highlights
4Q2024 Sustainability Highlights
Slide 24: 2024 ESG Ratings: Elevating PLDT to the global sustainability stage
2024 ESG Ratings: Elevating PLDT to the global sustainability stage Achieved a 14-point improvement in 2024 S&P Global CSA score Part of S&P Global Sustainability Yearbook 2025 PLDT is the only Philippine company among 780 companies included in the Yearbook S&P Global assessed 7,690 companies global
Slide 25: PLDT Sustainability: Reporting on PLDT Group's progress to support UN SDGs
PLDT Sustainability: Reporting on PLDT Group’s progress to support UN SDGs ➢ Meeting with UN Deputy Secretary General Amina Mohammed in Manila ➢ Objective of the by-invitation-only lunch meeting: mobilizing support from key leaders of the private sector ➢ Points raised by PLDT Chief Sustainability O
Slide 26: Environment and Social: Championing responsible waste management and circularity
Environment and Social : Championing responsible waste management and circularity E-waste partnership with SGS Philippines, Inc. ➢ Activated e-waste collections in 37 PLDT and Smart retail stores in Metro (Nov. 27, 2024) Manila and Luzon Link to PR ➢ Other partners for e-waste collection: ▪ More tha
Slide 27: Social: Capacitating and empowering the youth
Social: Capacitating and empowering the youth Materiality assessment with Children Promoting awareness on Sustainable Investing among university students TdH NL’s 2024 Children UPIC Investor Insights: PSE and Youth Summit Listed Company Showcase (Nov. 22, 2024) (Nov. 25, 2024) Link to PR Link to PR
Slide 28: Social: Capacitating and empowering the youth
Social: Capacitating and empowering the youth Shaping future-ready workforce Creating “Innovation for All” at InnoGen 4 Certified Data Center Innovation Generation Technicians 4.0 Mission Level 1 Graduates Link to PR Link to PR ➢ Since launched in July 2024, Vitro Academy has trained 371 students, w
Slide 29: Social: Connecting and empowering MSMEs
Social: Connecting and empowering MSMEs MSME Day in Pampanga (one of the nationwide events) Link to PR ➢ MSME Day is a series of events that reflect PLDT Group’s commitment to supporting the MSME sector across the country ▪ In partnership with Department of Trade and Industry ▪ Attendees received in
Slide 30: Social: Creating a safer online experience for customers
Social: Creating a safer online experience for customers (including children) Cybersecurity in Action Expanding collaboration in promoting child rights and in FY2024 sustainability in tech sector 164B 1.6M 1M 1M access to OSAEC URLs and access attempts to Mobile numbers malicious contents OSAEC URLs
Slide 31: Governance: Highlighting PLDT Group's best practices on sustainability
Governance: Highlighting PLDT Group’s best practices on sustainability Partnering for a Sustainable Supply Chain Sharing the PLDT Group decarbonization roadmap (Series of Sustainability Forums) 2nd Supply Chain HSBC Philippine Sustainability Sustainability Forum forum in 2024 (Oct 23, 2024) (Nov 15,
Slide 32: Appendix
Appendix
Slide 33: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Fiber: Extensive Network Reach Most extensive network in Total Homes Passed FTTH Coverage Total Fiber Footprint the Philippines, with robust Million Homes Barangays ‘000 Million Cable Kilometers Laid International Network Capacity Domestic International 1.1 1.1 1.
Slide 34: Fixed & Wireless Network Highlights
Fixed & Wireless Network Highlights Wireless: Expansive Network Latched Devices 80% LTE/4G LTE/4G BTS 5G BTS Mobile Coverage in thousands in thousands Population coverage 5G (NCR) 98% 79.0K 5G (Vismin - all Total BTS Count cities) 67% 43.5 Population coverage 7.20 98% 38.8 39.3 4.70 4.80 5G Coverage
Slide 35: Vitro (Data Center) business: Key Highlights
Vitro (Data Center) business: Key Highlights Current and future pipeline Sustainable Operations 11 sites 4 facilities 2N Most resilient power • 19% Carbon Impact reduction Strategically spread TIA-942* rated 3 certified architecture among across the PH (*Telco infra standard for DCs) local data cent
Slide 36: Subscriber base
Subscriber base Tota Subscribers Net Adds FY24: 66,579K 4Q2024 3Q2024 2Q2024 1Q2024 4Q2023 YE2024 vs YE2023 FY23: 65,303K Mobile Subscriber Base +2% Prepaid 56,731,489 58,061,522 58,574,596 56,785,718 55,667,880 1,063,609 2% +1,277K Smart Prepaid 21,759,728 22,416,116 22,550,066 21,856,044 21,530,99
Slide 37: ARPU, net
ARPU, net Mobile ARPU, net 2024 2023 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Postpaid 703 688 690 684 674 687 697 693 Smart Prepaid 125 119 115 122 107 109 128 129 TNT 106 100 98 105 86 92 109 109 Fiber ARPU, net f 2024 2023 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Home: Fiber 1,496 1,500 1,490 1,493 1,489 1,476 1,511 1,506 FY2024
Slide 38: Financial Highlights
Financial Highlights FY2024 Y-o-Y FY2023 (Php in millions) Wireless Fixed Line Others Consolidated % Change Service Revenues (1) 97,779 125,994 - 208,382 201,832 3% (2) Cash Operating Expenses 38,784 59,169 90 91,786 92,073 - Subsidies and Cost of Services 2,525 3,145 - 5,560 5,971 (7%) Provisions 9
Slide 39: Consolidated Service Revenues
Consolidated Service Revenues Fixed and Wireless breakdown 2024 2023 % Change FY2024 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY2023 Fixed Line 27,627 27,160 27,914 28,692 111,393 26,541 26,032 26,769 27,496 106,838 4% Home Broadband 12,690 12,774 12,988 13,289 51,741 12,568 12,691 12,795
Slide 40: Consolidated Service Revenues
Consolidated Service Revenues Breakdown as per service type 2024 2023 % Change FY2024 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY2023 Data and Broadband 40,643 40,115 39,978 41,660 162,396 38,602 39,052 39,473 40,827 157,954 3% Home Broadband 13,069 13,134 13,362 13,657 53,222 12,976 13,12
Slide 41: Wireless Service Revenues
Wireless Service Revenues 2024 2023 % Change FY2024 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY2023 Data/Broadband 20,181 19,633 19,361 20,500 79,675 18,604 18,841 19,158 20,016 76,619 4% Mobile Data 19,802 19,273 18,987 20,132 78,194 18,196 18,412 18,753 19,629 74,990 4% Mobile Internet 1
Slide 42: Fixed Line Service Revenues
Fixed Line Service Revenues 2024 2023 % Change FY2024 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY2023 Data/Broadband 24,183 25,015 23,517 22,951 95,666 22,981 23,249 23,203 23,779 93,212 3% Home Broadband 12,695 12,779 12,992 13,293 51,759 12,574 12,698 12,801 12,803 50,876 2% Corp. Data a
Slide 43: Expenses
Expenses FY2024 FY2023 Y-o-Y (Php in millions) Consolidated Consolidated % Change Operating Expenses Repairs and Maintenance 30,653 30,186 2% Compensation and Employee Benefits 24,479 24,644 (1%) Professional and Other Contracted Services 7,878 9,077 (13%) Others 28,776 28,166 2% Cash Operating Expe
Slide 44: Other income (expenses)
Other income (expenses) FY2024 FY2023 Y-o-Y Consolidated Consolidated % Change ( Php in millions) Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Vega 26 66 (61%) Maya (935) (2,273) (59%) Others (81) (599) (86%) Total Equity Share in Net Losses (990) (2,806) (65%) Financing Co
Slide 45: Earnings per share (EPS)
Earnings per share (EPS) FY2024 FY2023 (Php in millions except EPS (in Php) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 32,307 32,307 26,614 26,614 Dividends on Preferred Shares (59) (59) (59) (59) Net Income for the Period Attributable to Common
Slide 46: Balance Sheet
Balance Sheet Consolidated (Php in millions) December 31, 2024 December 31, 2023 Total Assets 623,275 609,519 Nominal Value of Total Debt 283,575 256,927 Less: Unamortized Debt Discount 1,989 2,129 Total Debt 281,586 254,798 (1) Cash and Short-Term Investments 10,542 17,163 Net Debt (2) 273,033 239,
Slide 47: Debt Profile
Debt Profile December 31, 2024 December 31, 2023 Change Unamortized Debt Carrying Value Face Value Face Value (Php in millions) Discount/Debt Issuance Debt PLDT ₱170,502 ₱1,186 ₱171,688 ₱157,071 ₱14,617 Smart 103,494 750 104,244 94,856 9,388 ePLDT 7,590 53 7,643 5,000 2,643 Total Debt ₱281,586 ₱1,98
Slide 48: Forward-looking statements
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
Slide 49: Thank You.
Thank You.