PLDT, Inc. · PSE:TEL
PLDT — FY2021 Earnings Presentation
67 slides from PLDT's earnings presentation, Mar 3, 2022
Slide 1: Full Year 2021 Financial and Operating Highlights
Full Year 2021 Financial and Operating Highlights 3rd March 2022
Slide 2: 2021 Performance Highlights
2021 Performance Highlights NET SERVICE REVENUES* CORE NET INCOME Record- breaking revenues 182.1B 30.2B vs YAGO’s 171.5B +10.6B, +6% vs YAGO’s 28.1B, +2.1B, +8% HOME INDIVIDUAL ENTERPRISE BUSINESS^ 47.8B vs YAGO’s 38.5B 86.2B 48.0B vs YAGO’s 46.7B vs YAGO’s 86.2B +9.3B, +24% +1.3B, +3% *Total Net S
Slide 3: 2021 Performance achieved through resilience of our businesses
2021 Performance was achieved through the resilience of our different businesses Home Individual Enterprise Business o +1.13M new fiber subs o Over 1M subscribers on 5G o DC, Cloud and A2P net by end-2021 service revenues grew o Total Home subscribers double digits vs YAGO at 3M, up +27% o Gained 5.
Slide 4: Sustainability: A key pillar of transformation
Sustainability : A key pillar of transformation Deployment of carbon fiber towers and fuel cell technology for our gensets ➢ Decarbonization roadmap being finetuned: reduction target of 40% in Scope 1 and 2 GHG emissions by 2030 Data Center global-class sustainability ▪ Abatement initiatives to be p
Slide 5: Typhoon 'Odette'
Typhoon ‘Odette’ is the most destructive storm since 'Yolanda” ~700 kms of aerial fiber cable impacted 50 collapsed cell towers 129 sites with damage Because of our team’s quick action, we were first to restore in worst-hit areas 5
Slide 6: Our people's Malasakit
Our people’s Malasakit shone through: Smart engineer spends birthday restoring services in typhoon-hit Palawan Ijayson Inquig Senior WNFS Engineer Smart Communications, Inc. 6
Slide 7: We continue to care for our people
We continue to care for our people: 99.8% are vaccinated and 52% received their booster shot 7
Slide 8: Imperatives to reach 2022 Targets
Imperatives to reach 2022 Targets Home Individual Enterprise Business o Ramp up installs to o Launch exclusive deals and o Expansion in data center serve latent demand partnerships capacity to serve growing demand o Fast track migration of o Leveled up customer remaining copper experience through di
Slide 9: Our mission: To lead and inspire Filipinos to create a better tomorrow
Our mission: To lead and inspire Filipinos to create a better tomorrow Deliver awesome Fast is better than Take care of our Malasakit Collaborate to win Humility to listen customer experience perfect people and learn 9
Slide 10: Delivering our mission will require us to embrace transformation
Our ambitions are bold: we want to be the best in every market. Delivering our mission will require … But our markets us to embrace are changing. thinking differently Achieving our full potential will require thinking differently and embracing transformation 10
Slide 11: Our PLDT 2025 Vision
Our PLDT 2025 Vision Industry-leading Doing Customer Best place to operational Profitable new business centricity work excellence growth responsibly Strategy Radically simplify Simplify our Reset the economic Grow our core Be the ESG- Pillars our customer structure and model with streamlined and adj
Slide 12: Aggressive actions and shift in focus to drive results
Aggressive actions and shift in focus to drive results Margin Capital Results Growth expansion productivity • Growth Core Net Income • Sustainable Revenue • Improve Margins • Rationalize CAPEX • Improve Free Cash Flow Growth • Manage OPEX • Decrease Depreciation 12
Slide 13: Financials
Financials 13
Slide 14: PLDT Group Service Revenues at All-time High
PLDT Group Service Revenues at All-time High (Php in bn) FY2021 vs FY 2021 FY 2020 FY2020 86.2bn 86.2bn Individual --- Fiber-only 38.5bn 24% 82% Home 47.8bn 33.0bn +9.3bn +14.9bn 4% Enterprise 42.2bn 40.6bn +1.5bn 7% Consumer and Enterprise 176.1bn 165.3bn +10.8bn International and Carrier 4% 5.9bn
Slide 15: Consolidated Service Revenues: A new all-time high
Consolidated Service Revenues: A new all-time high (Php in bn) 2021: 6% P182.1bn +10.6bn 4Q21 vs 4Q20 3% +0.1bn 46.2 +1.3bn 44.9 44.8 45.0 46.0 41.5 41.3 43.7 1.4 1.5 1.5 +1% 1.5 1.5 1.5 1.6 1.5 10.1 10.7 11.1 10.5 10.2 10.3 +9% 10.0 10.0 9.8 10.2 10.9 11.8 12.6 12.5 +23% 9.2 9.3 20.7 20.4 22.0 23.1
Slide 16: Consolidated Service Revenues (by Customer Segment): Historical
Consolidated Service Revenues (by Customer Segment): Historical (Php in bn) CAGR (2019 – 2021): +7% 6% 9% +10.6 +13.8 171.5 182.1 146.9 157.7 5.9 142.3 145.8 6.1 9.1 42.2 20.3 11.9 40.6 16.0 39.1 31.3 34.8 37.4 47.8 38.5 37.2 29.3 33.0 36.1 72.1 86.2 86.2 65.8 58.3 60.3 2016 2017 2018 2019 2020 2021
Slide 17: Data/broadband: 77% of consolidated service revenues
Data/broadband: 77% of consolidated service revenues (Php in bn) (2021 vs 2020) ILD 6.4 14% 3.6 13% +0.6 ICT 32.4 6% 13% Corp. Data 4.8 +1.2 22.0 Mobile Data* FY2021 6% 13% P182.1bn Data/ Home Broadband** Broadband +3.9 70.3 P139.7bn 29% 42.6 Data/Broadband 12% +9.6 139.7 +15.3 % Data/Broadband to t
Slide 18: Home: Strong execution to serve robust market demand for fiber broadband
Home: Strong execution to serve robust market demand for fiber broadband (Php in bn) Fiber-only 2021: 24% 2021: 82% P47.8bn +9.3bn P33.0bn +14.9bn -1% -0.2bn 4Q21 vs 4Q20 11.8 12.6 12.5 23% 9.8 10.2 10.9 9.2 9.3 1.7 +2.3bn 2.5 Voice 2.8 3.3 Non-Fiber 3.5 3.4 3.7 3.9 All time Data 9.0 9.8 high fiber
Slide 19: Individual: Growth impacted by competition, pandemic, typhoon
Individual: Growth impacted by competition and the pandemic, typhoon at year end (Php in bn) 2021: P86.2bn -1% -0.2bn FY2021 22.0 23.1 22.1 21.7 21.3 Fixed 20.7 20.4 21.1 17% 0.9 1.0 1.0 Wireless : P3.5bn Fixed Wireless 0.4 0.7 2.6 2.7 2.7 0.9 0.8 0.8 3.1 3.0 2.6 2.6 2.5 Postpaid Postpaid: P10.3bn 9
Slide 20: Enterprise: Reaching new heights amidst a challenging environment
Enterprise: Reaching new heights amidst a challenging environment (Php in bn) 2021: 4% P42.2bn +1.5bn +4% +0.4bn 4Q21 vs 4Q20 10.5 10.2 10.3 10.1 10.7 11.1 10.0 10.0 9% All time high +0.9bn 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 2020: P40.6bn 2021: P42.2bn FY21 qtr ave vs 4% Qtr ave: P10.2bn Qtr av
Slide 21: International/Carrier: Managing the long-tail
International/Carrier: Managing the long-tail (Php in bn) 4% 2021: P5.9bn -0.2bn 4Q21 vs 4Q20 +2% 1.63 --- 1% 1.53 1.48 1.51 1.49 1.47 1.46 1.41 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 Zero mobile interconnect fees for SMS and Voice (1 Jan 2020) 2020: P6.1bn 2021: P5.9bn Qtr ave: P1.5bn Qtr ave: P1.
Slide 22: PLDT Group: Subscriber Base
PLDT Group: Subscriber Base (in ‘000) End 2021 End 2020 Total Subscribers 78,793 79,067 Mobile 2% 28% 19% 71,222 72,934 Broadband 3,952 3,090 Fixed Line 3,619 3,043 -1,712 +862 +577 Cellular 70,225 72,001 -2% Fixed Wireless +168 817 +21% 985 Prepaid 68,323 70,038 -2% Postpaid 1,901 1,963 -3% +693 2,
Slide 23: PLDT Group: Broadband subscriber base hitting record highs
PLDT Group: Broadband subscriber base hitting record highs (in ‘000) 2021 (in '000) 1Q 2Q 3Q 4Q FY2021 Subscribers Fixed Broadband Gross 241 270 349 323 1,183 Fiber Only: Gross Connects and Migrations Churn (129) (117) (119) (126) (490) (Monthly ave. per qtr) Net Adds 112 154 230 197 693 2,967 142K
Slide 24: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights (Php in bn) FY 2021 FY 2020 FY 2021 vs FY 2020 Service Revenues 182.1bn 6% (net of interconnection costs) 171.5bn +10.6bn Cash Opex, Subsidies, Provisions 4% (ex-MRP) 85.9bn 82.7bn +3.2bn * excl Provisions: P81.0bn, +P6.0bn or +8% Provisions 4.8bn 7.6bn EBITDA 96.2bn
Slide 25: Consolidated EBITDA and Telco Core Income: 2021 vs 2020
Consolidated EBITDA (ex-MRP) and Telco Core Income: 2021 vs 2020 (Php in bn) Higher Higher Svc Rev Cash Lower Higher (net of IC) Opex/CoS Provisions Subsidies +10.6 -5.6 +2.8 -0.4 96.2 88.8 EBITDA 8% (ex-MRP) +7.4bn 2020 2021 EBITDA margins 51% 52% Lower Higher Higher Higher Lower Higher Equity in E
Slide 26: Estimated impact from Typhoon Odette
Estimated impact from Typhoon Odette In Million Php Impact on EBITDA 891 Revenues 537 Opex 354 Asset Impairment 170 Total Impact 1,061 Impact net of Tax 796 ➢ Normalized for the impact of Typhoon Odette, EBITDA would have been higher by 9% year-on-year at P97.1bn ➢ Impact of P1.1bn includes: ▪ Rebat
Slide 27: PLDT Group: Telco Core and Reported Income
PLDT Group: Telco Core and Reported Income (Php in bn) 2021 2020 2021 vs 2020 8% Telco Core Income 30.2bn 28.1bn +2.1bn Share in Voyager Loss (2.0bn) (2.0bn) -- Voyager Gain on Dilution, net of tax 0.7bn 0.3bn +0.4bn 29.0bn 26.5bn 9% Telco Core Income + Voyager Gain on Debt Modification 1.3bn --- +2
Slide 28: PLDT Group: Capital Management
PLDT Group: Capital Management Final Cash Dividend Declared Record Date: Payment Date: 3 March 2022 P42/share 17 March 2022 4 April 2022 ➢ In line with PLDT’s dividend policy: 60% payout of 2021 telco core earnings of P30.2bn Telco Core EPS P140 Cash Dividends Dividend Payout 60% (2021) Dividends pe
Slide 29: PLDT Group: Debt Profile
PLDT Group: Debt Profile Debt Balance Debt Maturities (gross) (US$ in billions) (US$ in millions, 31 Dec 2021) Net Debt Net Debt-to-EBITDA* 2.38x Gross Debt US$4,486mn US$5,011mn (9M2021: 2.42x) 2,655 3.8 4.7 3.8 5.0 4.5 3.3 0.5 0.9 0.5 548 319 445 520 232 292 2019 2020 2021 Debt Balance ** Cash & S
Slide 30: PLDT Group: Consolidated Capex
PLDT Group: Consolidated Capex (Php in bn) 2012 to 2016 2017 to 2021 Last 10 Years Total Capex Capex 2022 P186.0bn P332.5bn P518.5bn Guidance P76-80bn Investments Business Capex Cash capex*: ➢ From peak in 2021, capex for 2022 expected to be lower by up to Network/IT P104.0bn P13bn and to decline to
Slide 31: Fixed Fiber and Wireless Network: Selected Highlights
Fixed Fiber and Wireless Network: Selected Highlights Extensive Fixed Network Rollout TOTAL CAPACITY (Fiber) TOTAL FIBER FOOTPRINT TOTAL HOMES PASSED (Million Ports) (Thousand Cable Kilometers Laid) (Million Homes) ➢ Available Ports: 2.43mn (1.66mn fiber + ➢ 314.4kms rolled out in 2021 > rollout fro
Slide 32: Smart 5G Highlights
Smart 5G Highlights Connected Unique Devices Data Traffic Ookla In ‘000 (Total for the Quarter) +367% In TB Mbps +3,218% +55% +103Mpbs +46% 1,176 +72% 9,752 220.89 +87% +38% 759 +116% 5,686 520 117.93 376 2,627 252 944 294 Smart Globe Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 4Q20 1Q21 2Q21 3Q21 4Q21 OOKLA
Slide 33: PayMaya in 2021
PayMaya in 2021 Leading the charge in digital payments and financial services Largest payments processor for #1 key industries with ~430k points of acceptance nationwide Enterprise Consumer ~44M Registered customers across consumer platforms Widest agent network servicing 63K offline consumers, cove
Slide 34: PayMaya: end-to-end digital FinServ ecosystem
PayMaya We are creating the only end-to-end digital FinServ ecosystem in the Philippines Enterprise Consumer We provide merchant solutions across all types We serve all consumer segments through our e-wallet of enterprises, online and on-ground offering and on-ground agent network Payment Gateway Mo
Slide 35: Maya Bank
Maya Bank Test launch starting end-March 2022 With Maya Bank, PayMaya PayMaya Maya Bank Points of Points of will leapfrog digital FinServ Superiority Superiority adoption and unlock the value Tech, convenience Safety, security of its deep ecosystem & accessibility & credibility Small everyday Bigger
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 Over
Slide 37: Other details
Other details 37
Slide 38: Home: Accelerating upward momentum
Home: Accelerating upward momentum (Php in bn) CAGR (2019 – 2021): +13% 24% 3% 47.8 +9.3 Fiber to total +1.3 38.5 Home revenues: 36.1 37.2 33.0 69% 29.3 (vs 2020: 47%) Voice 39.4 +30% 26.9 28.7 30.3 Data 20.6 17.6 2016 2017 2018 2019 2020 2021 All time high Quarterly Average: 7.3 8.2 9.0 9.3 9.6 11.
Slide 39: Historical Individual: 2021 held steady
Historical Individual: 2021 held steady despite limited mobility and competition (Php in bn) CAGR (2019 – 2021): +9% 20% +14.1 86.2 86.2 65.8 58.3 60.3 72.1 2016 2017 2018 2019 2020 2021 Quarterly Average: 16.5 14.6 15.1 18.0 21.5 21.5 39
Slide 40: Historical Enterprise: Uninterrupted sequential rise in revenues
Historical Enterprise: Uninterrupted sequential rise in revenues (Php in bn) CAGR (2019 – 2021): +4% 4% 4% 42.2 40.6 +1.5 39.1 +1.5 37.4 34.8 31.3 2016 2017 2018 2019 2020 2021 All time high Quarterly Average: 7.8 8.7 9.3 9.8 10.2 10.5 40
Slide 41: Consolidated EBITDA (ex-MRP): Hitting a record high
Consolidated EBITDA (ex-MRP): Hitting a record high (Php in bn) 2021: 8% P96.2bn +7.4bn +2% 4Q21 vs 4Q20 Margin: 52% +0.6bn 24.5 25.1 10% 22.7 22.8 23.3 23.3 21.6 21.6 +2.3bn 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 All time high 2020: P88.8bn 2021: P96.2bn (Margin: 51%) (Margin: 52%) FY21 qtr ave vs
Slide 42: Historical Consolidated EBITDA and EBIT
Historical Consolidated EBITDA and EBIT (Php in bn) EBITDA EBIT CAGR (2019 – 2021): CAGR (2019 – 2021): +8% +2% 8% 7% 1% +5.7 +7.4 96.2 5% 83.1 88.8 -0.4 +2.1 44.9 69.1 68.3 43.2 42.8 61.8 35.2 36.2 30.7 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 All time high Margin: Margin: 40% 46
Slide 43: Historical Telco Core Income
Historical Telco Core Income (Php in bn) CAGR (2019 – 2021): +6% 8% 4% +1.0 +2.1 30.2 28.1 27.1 23.6 24.0 21.0 2016 2017 2018 2019 2020 2021 Corp. Income Tax Rate reduced from 30% to 25% (effective: 1 July 2020) 43 Note: ex-Voyager, ex-MRP, ex-asset sales
Slide 44: Sustainability
Sustainability 44
Slide 45: 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 46: PLDT Group: Latest Updates
PLDT Group: Latest Updates Renewable energy mix Deployment of carbon fiber ➢ Agreement with M-Serv to provide towers renewal energy source for e-PLDT ➢ On hold due to ongoing data centers process involving towers ➢ PLDT/Smart exploring possibilities of DOE Green Energy Option Program (GEOP) with Mer
Slide 47: Sustainability in Action – Using Technology to Increase Awareness
PLDT Group: Sustainability in Action – Using Technology to Increase Awareness #SafePH CyberSmart Online Caravan SDG9 SDG11 Disaster Preparedness Online Caravan ➢ Trained over 32K “Cyber Warriors” from various groups ➢ Reached over 22K Filipinos (including Sangguniang Kabataan, LGUs) (schools, LGUs,
Slide 48: Sustainability in Action – Concern for the Planet and Communities
PLDT Group: Sustainability in Action – Concern for the Planet and Communities Powering the Future Digiskarte Package SDG7 Smart’s Partnership with Aboitiz Foundation Partnership with Meralco and its subsidiaries for Energy Efficiency contracts SDG8 ➢ Providing starter kits (includes SIM cards, LTE h
Slide 49: 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 50: PLDT's Purpose: Connecting and Empowering Filipinos Digitally
PLDT’s Purpose: Connecting and Empowering Filipinos Everywhere Digitally Selected ESG Initiatives Sustainability: One of PLDT Group’s Four Key Fulcrums Environmental Social Governance GHG/carbon footprint reduction Connectivity Directors and Officers ➢ Energy efficiency programs ➢ 96% population cov
Slide 51: Appendix
A@PLDT &Smart 51
Slide 52: Subscriber Base: Mobile
Subscriber Base: Mobile Mobile Subscribers by Category: Net Adds (Reductions) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 YE21 vs YE20 4Q21 vs 3Q21 Mobile Subscriber Base (1) Prepaid 69,205,731 68,524,765 69,625,148 69,706,746 70,779,021 (1,573,290) (2%) 680,966 1% Smart Prepaid 26,665,974 25,966,496 26,915,
Slide 53: Subscriber Base: Fixed Line and Broadband
Subscriber Base: Fixed Line and Broadband Fixed Line Subscribers Net Adds Net Adds Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 YE21 vs YE20 4Q21 vs 3Q21 Fixed Line Subscribers 3,619,372 3,441,847 3,245,547 3,108,796 3,042,815 576,557 19% 177,525 5% Broadband Subscribers Net Adds Net Adds Dec-21 Sep-21 Jun-21
Slide 54: ARPU
ARPU Mobile ARPU, Net(1) : 2021 2020 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Smart Postpaid 819 823 825 798 804 816 804 828 Smart Prepaid 104 104 104 105 112 110 116 113 TNT 83 85 84 85 71 76 84 86 Sun Postpaid 407 387 445 475 377 386 362 376 Sun Prepaid - - - - 66 67 79 - (1) Includes Mobile Broadband subscribers
Slide 55: Consolidated Financial Highlights
Consolidated Financial Highlights FY2021 Y-o-Y FY2020 Wireless Fixed Line Others Consolidated % Change (Php in millions) (1) Service Revenues 99,639 116,529 - 185,751 173,634 7% (2) Cash Operating Expenses 34,609 64,058 6 79,179 74,905 6% Subsidies and Cost of Services 3,061 2,896 - 5,835 4,925 18%
Slide 56: Consolidated Service Revenues
Consolidated Service Revenues 2021 2020 % Change FY21 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY20 Fixed Line 20,861 21,318 22,373 22,687 87,239 18,543 18,729 20,011 20,603 77,886 12% LEC 3,404 3,407 3,446 3,530 13,787 3,513 3,719 3,538 3,405 14,175 (3%) Fixed Line Voice - International 1
Slide 57: Consolidated Service Revenues and EBITDA
Consolidated Service Revenues and EBITDA 2021 2020 % Change FY21 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY20 Data and Broadband 33,911 34,464 35,753 35,838 139,966 29,357 29,667 31,921 33,635 124,580 12% Home Broadband 9,797 10,457 11,285 11,026 42,565 7,505 7,835 8,562 9,102 33,004 29%
Slide 58: Wireless Service Revenues
Wireless Service Revenues 2021 2020 % Change FY21 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY20 Data/Broadband 18,141 18,419 18,472 18,501 73,533 15,532 15,828 17,086 18,325 66,771 10% Mobile Data 17,568 17,576 17,696 17,804 70,644 15,519 15,816 17,078 18,318 66,731 6% Mobile Internet 16,5
Slide 59: Fixed Line Service Revenues
Fixed Line Service Revenues 2021 2020 % Change FY21 vs 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY (Php in millions) FY20 Data/Broadband 18,292 18,692 20,031 21,561 78,576 16,032 16,238 17,149 17,764 67,183 17% Home Broadband 9,238 9,626 10,520 10,339 39,723 7,515 7,845 8,574 9,111 33,045 20% Corp. Data and Other
Slide 60: Expenses
Expenses FY2021 Y-o-Y FY2020 (Php in millions) Wireless Fixed Line Others Consolidated % Change Operating Expenses Compensation and Employee Benefits 7,666 17,702 - 25,344 26,833 (6%) Repairs and Maintenance 11,221 14,300 - 24,653 21,555 14% Professional and Other Contracted Services 4,548 5,737 6 8
Slide 61: Other Income (expenses)
Other Income (expenses) FY2021 Y-o-Y FY2020 Wireless Fixed Line Others Consolidated % Change ( Php in millions) Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Multisys - - 55 55 (73) 175% Vega - - 971 971 87 1,016% Voyager - - (2,237) (2,237) (2,392) (6%) Others - 103 7 110 5
Slide 62: Earnings Per Share (EPS)
Earnings Per Share (EPS) FY2021 FY2020 (Php in millions except EPS (in Php) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 26,367 26,367 24,284 24,284 Dividends on Preferred Shares (59) (59) (59) (59) Net Income for the Period Attributable to Common
Slide 63: Balance Sheet
Balance Sheet Consolidated (Php in millions) December 31, 2021 December 31, 2020 Total Assets 627,303 575,846 Nominal Value of Total Debt 255,414 224,027 in US$ $5,011 $4,665 Less: Unamortized Debt Discount 2,857 1,262 Total Debt 252,557 222,765 Cash and Short-Term Investments(1) 26,755 42,379 (2) N
Slide 64: Debt Profile
Debt Profile (US$ in millions) 2019 2020 2021 Debt Balance 3,800 4,665 5,011 Cash and Short-Term Investments 486 882 525 Net Debt 3,314 3,783 4,486 Interest-Bearing liabilities December 31, December 31, 2021 2020 Change Carrying Unamortized Debt Face Value Face Value Value Discount/Debt Issuance (US
Slide 65: Foreign Exchange Risk
Foreign Exchange Risk Forex Impact on Core Income Forex Impact of B/S Revaluation Forex sensitivity for every P1 change on B/S Forex sensitivity for every P1 change Conso (in US$ millions) Conso - net of Elim Revaluation (in US$ millions) Debt (net of LT hedges & ST Forwards/options) 396.0 US$ Reven
Slide 66: 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 67: (APLDT
(APLDT