PLDT, Inc. · PSE:TEL
PLDT — Q1 2018 Earnings Presentation
78 slides from PLDT's earnings presentation, May 10, 2018
Slide 1: 2018 First Quarter Results
2018 First Quarter Results Financial and Operating Results 10th May 2018
Slide 2: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights (Consolidated, Php in billions) Change 1Q2018 1Q2017 Change 1Q2018 Change vs (Pre-PFRS15) (Pre-PFRS15) Y-o-Y (PFRS15) Y-o-Y IAS18 Total Revenues* 38.8 37.1 +5% 38.6 (0.2) +4% Service Revenues* 36.7 35.6 +3% 35.9 (0.9) +1% Non-Service Revenues 2.1 1.5 +41% 2.8 +0.7 +8
Slide 3: PLDT Group: Consolidated Financial Highlights
PLDT Group: Consolidated Financial Highlights (Php in billions) Service Revenues, net of interconnection costs Negative momentum in 2016 stemmed in 2017 ex-ILD/NLD Excluding ILD/NLD, service ILD/NLD revenues grew quarter-on- +3% -7% in +1.1 1Q17 quarter from 4Q16 Upward trajectory sustained 1%
Slide 4: PLDT Group: Fixed Line and Wireless Financial Highlights
PLDT Group: Fixed Line and Wireless Financial Highlights (Php in billions) Service Revenues (net of interconnection costs) Excluding ILD/NLD, service Fixed revenues (pre-PFRS 15) 12% higher y-o-y and 3% q-o-q PFRS 15 impact insignificant +10% +1.8 +4% +2% +2% +4% +2% +2% +2% 18.7 -- +0.7 +0.3 17
Slide 5: PLDT Group: Consolidated Service Revenues (by Business Unit)
PLDT Group: Consolidated Service Revenues (by Business Unit)* (Php in billions) -4% or –1.4bn in 1Q18 vs 1Q17 1Q17 +1.1 -0.7 --- +6% +3% +0.6 -17% -7% +7% +1.9 3.5 36.4 0.3 -0.9 35.9 +1.1 9.2 32.9 +14% +0.2 +2% 8.9 14.8 Individual Home Enterprise Intl Voyager 1Q18 1Q18 and and (PFRS15) Carrier Other
Slide 6: PLDT Group: Service Revenues (by Business Unit)
PLDT Group: Service Revenues (by Business Unit) (Php in billions) Home Enterprise • Since 1Q15, 12 quarters of +7% +13% in +14% +12% in 1Q17 sequential revenue increases 1Q17 +0.6 +1.1 2% +3% +3% +3% - +3% +2% +7% +5% - +3% +0.2 +0.2 9.0+0.3 9.2 9.0 +3% +2% - +2% +3% +0.2 +0.2 - +1% +1% +0.6 8.6 -0.
Slide 7: PLDT Group: Consolidated Service Revenues (by Product Type)
PLDT Group: Consolidated Service Revenues (by Product Type)* (Php in billions) -7% or -P2.6bn 1Q18 vs 1Q17 in 1Q17 Higher by P1.1bn or 3% Data, LEC, mobile International broadband domestic voice and fixed and digital voice and line domestic platforms others SMS voice +2.1 +0.3 -0.7 -0.6 35. +13% +3%
Slide 8: PLDT Group: Consolidated EBITDA
PLDT Group: Consolidated EBITDA (Php in billions) Higher by P0.5bn or 3% Higher by P0.7bn or 4% -0.2 Lower Higher Higher provns Higher cost and cash of Voyager’s -0.2 svc subsidies opex EBITDA rev* services +1.1 +0.1 -0.4 -0.2 17.3 (0.6) 17.1 16.6 16.7 16.5 1Q17 1Q18 1Q18 1Q18 1Q18 (PFRS15) (PFRS15)
Slide 9: PLDT Group: Core Income
PLDT Group: Core Income (Php in billions) Higher by P1.2bn or 21% Higher by P1.2bn or 23% -0.1 Lower Lower Higher Non- Fin Lower Provn -0.1 Costs Equity in for Inc cash Earnings Voyager’s Higher Exp – net Taxes Core Loss EBITDA +0.6 +0.4 -0.1 -0.3 6.7 6.0 6.6 +0.7 0.6 6.1 5.4 1Q18 1Q18 1Q17 1Q18 1Q1
Slide 10: PLDT Group: Debt Profile
PLDT Group: Debt Profile Net debt and net debt to EBITDA as of end March 2018 stood Debt Balance at US$2.6bn and 2.04x, respectively (US$ in billions) At end March 2018, gross debt amounted to US$3.3bn 3.7 US$ denominated gross debt now at 18% from 20% at YE17 3.5 3.3 2.9 2.8 2.6 Taking into
Slide 11: PLDT Group: Capex
PLDT Group: Capex (Php in billions) Fixed Line Wireless 58.0 43.2 42.8 40.3 36.4 26.5 46% (32% in 2017) 31.2 34.8 12.9 10.7 28.8 13.0 13.7 11.7 13.7 11.7 30.3 32.1 31.5 54% (68% in 2017) 17.2 22.1 23.0 27.3 17.1 2011 2012 2013 2014 2015 2016 2017 2018B % of Capex to total service revenues: 21% 23% 1
Slide 12: Fixed Fiber and Wireless Network: Selected Highlights
Fixed Fiber and Wireless Network: Selected Highlights Accelerated Fixed Network Rollout TOTAL HOMES PASSED TOTAL CAPACITY TOTAL FIBER FOOTPRINT (Million Homes) (Million Ports) (Thousand Cable Kilometers Laid) 5.1 210.0 4.0 4.4 2.2 1.4 187.0 1.0 175.0 2017 1Q2018 2018T 2017 1Q2018 2018T 2017 1Q2018 2
Slide 13: 2018 Quarter 1 Business Results
Chief Revenue Office 2018 Quarter 1 Business Results
Slide 14: Q1 2018 Highlights: Total CRO Net of International
Q1 2018 HIGHLIGHTS : TOTAL CRO NET OF INTERNATIONAL Service Revenue Net of Interconnection Cost In Billions of PHP -1.4B +1.9B -4% +6% 32.5 32.3 31.0 30.7 31.0 31.2 31.7 32.2 32.9 7.7 7.8 9.0 9.2 7.8 8.1 8.6 8.5 8.7 Enterprise 7.0 Home 7.2 7.5 7.6 8.7 8.9 7.8 8.0 8.5 Individual 17.9 17.3 15.7 15.0 1
Slide 15: Q1 2018 Highlights: Total CRO
Q1 2018 HIGHLIGHTS : TOTAL CRO Service Revenue Net of Interconnection Cost In Billions of PHP -2.7B +1.2B -7% +3% 38.0 37.5 35.8 35.4 35.2 35.2 35.7 35.9 36.4 5.5 5.2 3.5 4.8 4.8 4.2 4.0 4.1 3.7 International 7.7 7.8 8.5 9.0 9.2 Enterprise 7.8 8.1 8.6 8.7 Home 7.0 7.2 Individual 7.5 7.6 7.8 8.0 8.5
Slide 16: Segment Highlights: Service Revenues
SERVICE REVENUES Net of Interconnection Cost | In Billions of Pesos Q1 2018 : Q1’17 Q1’18 GROWTH PHP % 8.6 9.2 SEGMENT ENTERPRISE +0.6B +7% HIGHLIGHTS HOME 7.8 8.9 +1.1B +14% Excludes Voyager and Others INDIVIDUAL 14.6 14.8 +0.2B +2% SUB-TOTAL 31.0 32.9 +1.9B +6% INT’L 4.2 3.5 -0.7B -17% TOTAL 35.2
Slide 17: Enterprise
PLDT A Smart ENTERPRISE
Slide 18: Enterprise Q1 2018 Highlights
Net Service Revenues, Q1 2018 vs Q1 2017. Q1 2018 Highlights: 1. Wireless Revenues growing like never before. Corporate Postpaid 19% Broadband 20% IoT / M2M / Solutions 38% 9.22 B 2. ICT Revenues growing 2x 8.65 B faster than market. Sustains Robust Data Center 14% Growth Cloud Infra & SaaS 51% Traj
Slide 19: Enterprise Service Revenues, 3-Year Comparative
Enterprise Service Revenues, 3-Year Comparative. Net Service Revenues, Q1 2018 vs Q1 2017. (in PhP B) (Normalized – less one-off revenues in Q1 ‘17) 3.20 3.10 3.00 2018 2.90 2.80 9.22 B 2.70 2017 8.42 B 2.60 Sustains Robust 2016 2.50 Growth Trajectory 2.40 Jan Feb Mar Apr Q1 2017 Q1 2018 3. Fixed Li
Slide 20: Growing in the right places. Growing faster
Data vs Voice Revenues, Q1 2018 vs Q1 2017. Data vs Voice Revenues, Q1 2018 vs Q1 2017. (Normalized*) Corporate Data & ICT Corporate Voice & SMS Corporate Data & ICT Corporate Voice & SMS 6% 10% +292M 5.59 8% +521M 5.59 8% 5.30 5.07 +278M +278M 3.35 3.63 3.35 3.63 Q1 2017 Q1 2018 Q1 2017 Q1 2018
Slide 21: Pervasive Customer and Partner Engagement Activities
Pervasive Customer and Partner Engagement Activities
Slide 22: Pervasive Customer and Partner Engagement Activities
Pervasive Customer and Partner Engagement Activities
Slide 23: Pervasive Customer and Partner Engagement Activities
Pervasive Customer and Partner Engagement Activities
Slide 24: Consumer Home
PLDT A Smart CONSUMER HOME
Slide 25: PLDT Home Net Service Revenues
PLDT HOME NET SERVICE REVENUES PLDT Home In Billions of PhP at its strongest w/ 8.9B 7.8B 14% YOY 3.2B +6% Revenue Growth 3.0B and delivering +14% over ₱1B in 4.8B +1.1B 5.7B +19% Voice incremental Data revenue... Q1 2017 Q1 2018
Slide 26: PLDT Home Subscriptions
PLDT HOME SUBSCRIPTIONS In Millions …and 11% +11% +426K 4.19M YOY Growth in 3.77M Subscriptions Q1 2017 Q1 2018
Slide 27: PLDT Fibr Nation: Accelerating Roll-out
PLDT FIBR NATION : Q1 YOY GROWTH ACCELERATING AREA IN COVERAGE ROLL-OUT GMM +197% NO. LUZON +400% SO. LUZON +223% Rolled out 202K FIBR VISAYAS +224% BROADBAND LINES MINDANAO +58% in Q1 2018 Grand Total +230% HOMES PASSED now at 4.4M in Q1 2018
Slide 28: Accelerating port utilization year over year
Accelerating port utilization YOY driven by the use of effective analytics modeling and on- ground campaigning Q1 2015 Q1 2016 Q1 2017 Q1 2018 HOMES 2.3M 2.5M 2.9M 4.4M PASSED PORTS RFS* 321K 435K 642K 1.4M 95K 158K 293K 644K UTILIZATION 30% 36% 46% 46% * Includes FTTH, VDSL and V VDSL
Slide 29: Modernizing existing DSL facilities with Fibr
PLDT is fast modernizing existing DSL facilities with Fibr Completed 19% of 2018 Fibrization target as of March 2018 Cavite, Bulacan, Olongapo and Pangasinan roll-outs
Slide 30: Fixed Wireless expansion as LTE coverage increases
PLDT ramping up Fixed Wireless expansion efforts as LTE network coverage increases LTE Network Coverage (Population Coverage) 4,506 3,121 Sites Sites Q1 2017 Q1 2018
Slide 31: Consumer Individual
¥ PLDTAsSmart CONSUMER INDIVIDUAL
Slide 32: Consumer Individual on clear turnaround
Consumer Individual now on clear turnaround as Service Revenues trend upward... SERVICE REVENUES NET OF INTERCONNECTION COST In Billions of PhP -3.2 +0.2 Arresting years of -18% +2% decline, and posting promising QoQ growth of 2% in Q1 2018 17.9 17.3 15.7 15.0 14.7 14.8 14.6 14.5 14.5 Q1 Q2 Q3 ‘ Q4
Slide 33: Wireless Individual Subscriber Count
… while we continue efforts toward subscriber retention and acquisition of quality subs WIRELESS INDIVIDUAL SUBSCRIBER COUNT In Millions 62.8* 62.4* 3.2 4.2 -0.2 -0.3% Flattish QoQ subscriber base 59.2 58.6 58.3 57.8 57.9 57.7 Q4 ‘16 Q1 ‘17 Q2 ‘17 Q3 ‘17 Q4 ‘17 Q1 ‘18 *Q4’16 & Q1’17 figures use the
Slide 34: Wireless Individual Data Revenue
2017 WIRELESS INDIVIDUAL DATA REVENUE In Billions of Php Data Revenue P1.13B 21% Growth remains robust, driving overall business 6.01 6.50 stability and 5.96 5.23 5.37 5.78 turnaround Q4 ‘16 Q1 ‘17 Q2 ‘17 Q3 ‘17 Q4 ‘17 Q1 ‘18
Slide 35: Data Contribution to Revenue
DATA CONTRIBUTION TO REVENUE As the business pivots into data, its contribution to Consumer Individual 44% revenue has reached a 37% 39% 41% 41% 35% new high of 44%. Q4 Q1 Q2 Q3 Q4 Q1 ‘16 ‘17 ‘17 ‘17 ‘17 ‘18
Slide 36: LTE Migration efforts
LTE Migration efforts showing significant take- up, resulting to a growth in full LTE subs of over 3X or 211% YOY
Slide 37: Smart won the OpenSignal fastest LTE download speed awards
Smart won the OpenSignal fastest LTE download speed awards! | 9» | 9 ((03)) (049) |} el 9 ((ea») ((¢A)) Lowest Latency on Lowest Latency on LTE in the Philippines 3G in the Philippines OpenSignal OpenSignal Awards - State of Mobile Networks: Philippines report March 2018 ©2018, OpenSignal Inc
Slide 38: Luzon posted 5% revenue growth
● LUZON posted a strong 5% growth in revenue in Q1 2018 ● Supported by prioritized rollout in Luzon (1,154 or 51% of the nationwide rollout of 2,264 LTE sites in the past 6 months were done in the region)
Slide 39: Increase data adoption with prepaid data promos
Increase data adoption and data usage by building relevant prepaid data promos to target segments All Out Surf GigaSurf AOS & GIGA on Sun & TNT Upsell non-data users to an Increase frequency of Giga Upsell TNT and Sun subs All-Out-Surf 30 & 99 50 loading and Upselling to into winning data plans Giga
Slide 40: Postpaid new plans and phones for Smart and Sun
Increased data usage and ARPU in postpaid with the introduction of New Plans and Phones for SMART & SUN Launched New GigaX Plans Launched New Sun Ranged New Flagship and BigTime Plan Entry level phones 40
Slide 41: Launched MVP Rewards
Rewards Snapshot Launched MVP Rewards 3 Month highlights: • 340K total accounts enrolled • 87% of customers earn points • Over 100 merchants nationwide
Slide 42: Nationwide deals exclusive to MVP Rewards
Nationwide deals (100 merchants) exclusive to MVP Rewards SMART / PLDT Customers 42
Slide 43: April 2018 Highlights
APRIL 2018 HIGHLIGHTS Bringing the best LTE experience to the northernmost part of the country 43
Slide 44: Strategic partnership with YouTube
APRIL 2018 PREVIEW Ushering Q2 with a strategic partnership with YouTube Data User Adoption Drive Mobile Video Viewing ≈ Drive ARPU Increase
Slide 45: April 2018 Preview: YouTube promo
APRIL 2018 PREVIEW Putting One FREE UP TO 1 HOUR of YouTube Every Day for Hour of SMART, TNT and SUN Prepaid Subscribers Power in the With purchase of select prepaid promos hands of from April 17 - July 15, 2018 Supports up to HD quality with 1GB data / day every Filipino 45
Slide 46: Voyager: leading digital transformation
Voyager:leading Voyager: the growth leading digitaloftransformation the digital ecosystem for enterprises VAST OPPORTUNITIES FOR DIGITAL SERVICES Financial Services eCommerce Marketing Tech (for consumers and enterprises) (for consumers and (for consumers and enterprises) enterprises) BSP/NRPS goal
Slide 47: Accelerating digital financial services adoption
Accelerating Voyager: digital financial leading services adoption digital transformation for w/ PayMaya and FINTQ enterprises DIGITAL PAYMENTS DIGITAL LENDING/ MICROINSURANCE Building cashless ecosystems and Most extensive digital lending footprint driving adoption Loan volume hitting over Php 1B pe
Slide 48: Leading digital transformation of enterprises
Leading digital Voyager: transformation leading of enterprises withfor digital transformation Voyager platforms enterprises RECENT WINS ENABLING ENTERPRISE ECOSYSTEMS FINTQ-DTI P3 FOR mSMES VOYAGER DIGIHUB FOR mSMEs PLDT #Ready with Go Negosyo OVER 100 PARTNER BANKS AND FINANCIAL INSTITUTIONS 48
Slide 49: PLDT Group: Preliminary Guidance for 2018
PLDT Group: Preliminary 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
Slide 50: PFRS Impact
@PLOT Bsmart PFRS Impact
Slide 51: PFRS15 and PFRS9 Impact on Retained Earnings
PLDT Group: PFRS15 and PFRS9 Impact on Retained Earnings (Php in millions) PLDT adopted new accounting standards - PFRS 15 and PFRS 9 - using the modified retrospective approach beginning 1 January 2018 Contracts not completed by 1 January 2018 will be accounted for as if they had been recognize
Slide 52: PFRS15 Impact on 1Q18 P&L
PLDT Group: PFRS15 Impact on 1Q18 P&L PFRS 15 vs PAS 18 ITEM IMPACT REMARKS Decrease due to re-allocation of fair value of contract asset Service Revenues (i. e., handset/device) to non-service revenues Increase due to allocation of fair value of handset/device Non-Service Revenues based on stan
Slide 53: Other Details
@PLOT Bsmart Other Details
Slide 54: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights Total Revenues* Consolidated (Php in billions) +4% +5% +1.5 +1.7 37.1 38.8 -0.2 38.6 1Q17 1Q18 1Q18 (PFRS15) Fixed Line Home Individual +10% +4% +10% +1.8 +11% +0.6 17.7 +1.7 19.4 +0.1 19.5 +1.0 +6% +11% 15.0 +0.8 15.9 -0.2 15.6 8.4 +0.9 9.4 -- 9.4 1Q17 1Q18 1Q18 (PF
Slide 55: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights Total Service Revenues* Consolidated (Php in billions) ILD/NLD ex-ILD +1% +3% +0.3 35.6 +1.1 36.7 -0.9 35.9 3.0 -21% 2.4 2.4 -21% 32.6 +5% 34.3 33.5 +3% 1Q17 1Q18 1Q18 (PFRS15) Fixed Line Home Individual 3% ILD ex-ILD +10% -0.4 +13% +2% +1.8 +10% +14% +1.0 14.6 +0.2
Slide 56: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights (Php in billions) Net Income EBITDA and EBITDA Margin Core Consolidated Consolidated (ex-Voyager) +13% +2% +3% +14% +0.7 +0.1 +0.3 +0.5 +0.7 6.1 6.0 16.5 16.7 -0.2 16.5 +4% 5.3 16.6 +0.7 17.3 -0.2 17.1 -0.1 1Q17 1Q18 1Q18 (PFRS15) 1Q17 1Q18 1Q18 1Q17 1Q18 1Q18 (PFRS1
Slide 57: PLDT Group: Service Revenues (by Product Type)
PLDT Group: Service Revenues (by Product Type)* (Php in billions) Fixed Line* Higher by P1.8bn or 10% Data and LEC and International and Broadband Others domestic voice +1.6** +0.3 -0.1 +15% +5% -9% 18.7 16.9 Contribution to total 1Q18 service revenues: Amount 12.2 5.3 1.2 % 65% 28% 7% 1Q17 ** Inclu
Slide 58: PLDT Group: Home Service Revenues
PLDT Group: Home Service Revenues* Home +12% in (Php in billions) 1Q17 Higher by P1.1bn or 14% Service Revenues (Php i n mi l l i ons ) 1Q17 1Q18 Data/Broadband 4,771 5,666 Fixed Line LEC 2,831 3,016 Data/ Domestic Domestic Voice 186 181 broadband LEC Voice Others 5 1 +19% +7% -5% Total 7,793 8,864
Slide 59: PLDT Group: Enterprise Service Revenues
PLDT Group: Enterprise Service Revenues* (Php in billions) Higher by P0.6bn or 7% Fixed Fixed ILD/NLD Mobile Mobile domestic and Mobile domestic Data SMS voice ILD voice Others Corp. Data +69% +52% +6% -6% -15% +39% +3% +0.1 9.2 +0.1 +0.1 --- 0.1 8.6 +0.2 +0.3 Data revenues higher by P0.4bn or 8% 1Q
Slide 60: PLDT Group: Individual Service Revenues
PLDT Group: Individual Service Revenues* Individual (Php in billions) -18% in Service Revenues (Php i n mi l l i ons ) 1Q17 1Q18 1Q17 Mobile Data 5,368 6,499 Higher by P0.2bn or 2% Mobile Domestic Voice 4,770 4,306 SMS 4,371 3,760 Mobile Others 97 278 domestic Mobile data SMS Total 14,606 14,843 voi
Slide 61: Appendix
@PLOT Bsmart Appendix
Slide 62: Subscriber Base: Mobile
Subscriber Base: Mobile Mobile Subscribers (1) by Category: Mar-18 (2) Dec-17 (2) Sept-17 (2) Jun-17 (2) Mar-17 Mobile Subscriber Base (1) Prepaid (2) 55,666,020 55,776,646 55,651,398 56,083,707 60,421,068 Smart Prepaid 20,198,965 20,433,351 20,537,068 20,587,687 21,933,462 Sun Prepaid 6,235,105 6,5
Slide 63: Subscriber Base: Fixed Line and Broadband
Subscriber Base: Fixed Line and Broadband Fixed Line Subscribers Mar-18 Dec-17 Sept-17 Jun-17 Mar-17 Fixed Line Subscribers 2,707,079 2,663,210 2,614,248 2,546,992 2,487,601 Broadband Subscribers Mar-18 Dec-17 Sept-17 Jun-17 Mar-17 BROADBAND Fixed Line Broadband (1) 1,772,836 1,713,527 1,651,515 1,5
Slide 64: 1Q2018: Consolidated Financial Highlights
1Q2018: Consolidated Financial Highlights 1Q2018 1Q2018 1Q2018 Y-o-Y Y-o-Y (PFRS15) 1Q2017 (Pro-forma) (PFRS 15) vs % Change % Change (Php in millions) Wireless Fixed Line Others Consolidated Consolidated Pro-forma Total Revenues 22,904 20,457 - 40,507 39,188 3% 40,713 (206) 4% (1) Service Revenues
Slide 65: Reconciliation of Core and Reported net income
Reconciliation of Core and Reported net income 1Q2018 1Q2018 1Q2018 Y-o-Y Y-o-Y (PFRS15) 1Q2017 (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) Wireless Fixed Line Others Consolidated Consolidated Net Income (Losses) Attributable to Equity Holders of PLDT 656 3,507 2,702 6,900
Slide 66: Consolidated Service Revenues
Consolidated Service Revenues 2018 2018 1Q2018 2017 Y-o-Y Y-o-Y (PFRS15) (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) 1Q 1Q 2Q 3Q 4Q FY 1Q Fixed Line 17,592 15,556 15,620 15,979 16,656 63,811 13% 17,588 4 13% LEC 4,877 4,553 4,623 4,695 4,727 18,598 7% 4,835 42 6% Fixed Line
Slide 67: Consolidated Service Revenues and EBITDA
Consolidated Service Revenues and EBITDA 2018 2018 1Q2018 2017 Y-o-Y Y-o-Y (PFRS15) (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) 1Q 1Q 2Q 3Q 4Q FY 1Q Data/Broadband/Digital Platforms 17,685 16,221 16,608 16,948 17,422 67,199 9% 18,304 (619) 13% Mobile Data 6,602 6,235 6,614
Slide 68: Wireless Service Revenues and EBITDA
Wireless Service Revenues and EBITDA 2018 2018 2017 1Q2018 Y-o-Y Y-o-Y (PFRS15) (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) 1Q 1Q 2Q 3Q 4Q FY 1Q Data/Broadband/Digital Platforms 7,407 7,281 7,627 7,555 7,614 30,077 2% 7,987 (580) 10% Mobile Data 6,673 6,308 6,691 6,566 6,71
Slide 69: Fixed Line Service Revenues and EBITDA
Fixed Line Service Revenues and EBITDA 2018 2018 2017 1Q2018 Y-o-Y Y-o-Y (PFRS15) (Pro-forma) (PFRS15) vs % Change % Change Pro-forma (Php in millions) 1Q 1Q 2Q 3Q 4Q FY 1Q Data/Broadband 12,137 10,574 10,885 11,111 11,724 44,294 15% 12,175 (38) 15% Home Broadband 5,551 4,134 4,361 4,663 4,896 18,05
Slide 70: ARPU
ARPU Mobile ARPU, Net(1) : 2018 2017 1Q 1Q 2Q 3Q 4Q Smart Postpaid 809 965 985 975 961 Smart Prepaid (2) 112 104 109 108 110 TNT (2) 73 71 77 74 75 Sun Postpaid 382 413 412 421 428 Sun Prepaid (2) 80 78 82 82 85 (1) Includes Mobile Broadband subscribers (2) Beginning 2Q2017, prepaid subscriber base
Slide 71: Expenses
Expenses 1Q2018 Y-o-Y (PFRS15) 1Q2017 % Change ( Php in millions) Wireless Fixed Line Others Consolidated Operating Expenses Compensation and Employee Benefits 2,066 3,793 - 5,855 5,487 7% Repairs and Maintenance 2,099 1,398 - 3,340 3,028 10% Selling and Promotions 1,098 404 - 1,498 1,508 (1%) Rent
Slide 72: Other Income (expenses)
Other Income (expenses) 1Q2018 1Q2018 1Q2018 Y-o-Y (PFRS 15) Y-o-Y (PFRS15) 1Q2017 (Pro-forma) % Change vs Pro- % Change ( Php in millions) Wireless Fixed Line Others Consolidated Consolidated forma Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Beacon - - - - 408 (100%) - -
Slide 73: Earnings Per Share (EPS)
Earnings Per Share (EPS) 1Q2018 1Q2017 (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 6,900 6,900 4,951 4,951 Dividends on Preferred Shares (15) (15) (15) (15) Net Income for the Period Attributable to
Slide 74: Balance Sheet
Balance Sheet Consolidated (Php in millions) March 31, 2018 December 31, 2017 Total Assets 467,656 459,444 Nominal Value of Total Long-Term Debt 172,751 173,136 in US$ $3,306 $3,466 Less: Unamortized Debt Discount 512 525 Total Long-Term Debt 172,239 172,611 Cash and Short-Term Investments 37,920 33
Slide 75: Debt Profile
Debt Profile (US$ in millions) 2016 2017 1Q2018 Debt Balance 3,730 3,466 3,306 Cash and Short-Term Investments 833 668 726 Net Debt 2,897 2,798 2,580 Interest-Bearing liabilities December 31, March 31, 2018 2017 Unamortized Debt Change Carrying Discount/Debt Face Value Face Value Value (US$ in milli
Slide 76: Foreign Exchange Risk
Foreign Exchange Risk(1) 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 Revaluation (in US$ millions) Conso US$ Revenues* 110.9 Debt (net of LT hedges & ST Forwards/o
Slide 77: 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 78: PLDT Smart
A PLDT ASmart