PLDT(PHI)
Search documents
PLDT(PHI) - 2023 Q4 - Earnings Call Transcript
2024-03-08 18:44
Financial Data and Key Metrics Changes - Consolidated service revenue for 2023 rose by 1% to PHP 191.4 billion compared to the previous year, with gross service revenue growing by 3% year-on-year [22] - Operating expenses decreased by 2% or PHP 1.5 billion to PHP 87.1 billion, leading to a 4% increase in EBITDA to PHP 104.3 billion, achieving a record high with an EBITDA margin of 52% [22][18] - Telco core income, excluding asset sales impact, increased by PHP 1 billion to PHP 34.3 billion, reflecting a 3% year-on-year growth [51] Business Line Data and Key Metrics Changes - Individual revenues accounted for 43% of total revenues, growing by 2% to PHP 81.8 billion, while home revenues increased by 1% to PHP 60.4 billion, with fiber-only revenues rising by 9% to PHP 53 billion [15][24] - The enterprise segment saw a 1% revenue growth to PHP 47.1 billion, with corporate data and ICT advancing by 6% [23][50] - Mobile data revenues grew by 6% to PHP 71.1 billion, with active data users increasing to 39 million and usage growing by 19% [16] Market Data and Key Metrics Changes - The wireless network population coverage stands at 97%, with 82% of total handsets on the network being LTE [20] - PLDT leads in 5G coverage and availability in the Philippines, with mobile data traffic hitting 4,900 petabytes in 2023, an 11% increase from the previous year [49] Company Strategy and Development Direction - The company plans to bifurcate its data center business, focusing on hyperscaler data centers to meet robust demand and digital transformation initiatives for SMEs and government [25][4] - Aiming for a CapEx intensity of 75% to 78% for 2024, the company is focused on reducing CapEx while increasing free cash flow [27][32] - The company is targeting mid-single-digit growth in consolidated service revenue for 2024, driven by increases in data broadband revenues [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a net debt-to-EBITDA target of 2x, supported by anticipated EBITDA increases and reductions in CapEx [19][32] - The company is optimistic about the recovery in individual revenues and plans to accelerate fiber network deployment in 2024 [61][93] Other Important Information - The Board declared a final dividend of PHP 0.46 per share, bringing the total dividend for 2023 to PHP 0.95, representing a 60% payout [26] - The company reported a significant increase in loan disbursements, with PHP 22 billion in loans disbursed, marking a 6.9x year-on-year leap [28] Q&A Session Summary Question: What is the status of the PHP 13.9 billion in asset write-offs in Q4? - Management acknowledged the write-offs were related to amortized subscriber acquisition costs for churned customers [41][99] Question: Can you provide an update on Maya's fundraising efforts? - Maya is on track to breakeven by Q4 2024, with significant improvements in financial metrics observed in the first two months of the year [42][86] Question: What are the expectations for the new data center's capacity? - The first phase of the Sta. Rosa data center, with 10 megawatts, is expected to be substantially contracted before opening, with ongoing discussions for additional capacity [95][73] Question: How is the company addressing competition in the mobile segment? - The company is enhancing its offerings and improving customer experience to remain competitive, especially with the entry of new players in the market [97]
PLDT(PHI) - 2023 Q3 - Earnings Call Transcript
2023-11-08 00:15
PLDT Inc. (NYSE:PHI) Q3 2023 Earnings Conference Call November 7, 2023 2:30 AM ET Company Participants Melissa de Dios - IR Al Panlilio - President and CEO Danny Yu - CFO and Chief Risk Officer Shailesh Baidwan - President, Maya Philippines and Co-Founder, Maya Bank Manny Pangilinan - Chairman Jeremiah de la Cruz - SVP Conference Call Participants Arthur Pineda - Citi Melissa de Dios Good afternoon, and thank you for joining us today, to discuss the Company's Financial and Operating Results for Nine Months ...
PLDT(PHI) - 2023 Q3 - Earnings Call Presentation
2023-11-07 19:22
| --- | --- | --- | |-------|-------|-------| | | | | | | | | Growth Made Possible Telco Core Income +2% vs. SPLY 25.6B 142.3B EBITDA* EBITDA Margin 52% *EBITDA is ex-MRP CAPEX Intensity at 37% vs 46% SPLY Domestic Fiber Footprint 893.9K vs. SPLY 859.9K ; +34K In cable kms M vs. SPLY 16.78M % ; +529K + 3 17.31 3.64M VS. SPLY 2.09M; +1.55M 1,319 Closed Tower Sales as of Nov 3, 2023, generating Php17.4B in proceeds Local Excellence, Global Recognition Best rated upload speeds, download speeds, and latency exp ...
PLDT(PHI) - 2023 Q3 - Quarterly Report
2023-11-07 11:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 November 7, 2023 PLDT INC. (Translation of registrant's name into English) Ramon Cojuangco Building Makati Avenue, Makati City Philippines (Address of registrant's principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Indic ...
PLDT(PHI) - 2023 Q1 - Earnings Call Presentation
2023-08-06 16:42
Best Mobile Network for THREE consecutive semesters +4% 17.6B EBITDA* PLDT Smart further reinforced its core infrastructure Reaffirmed top position for brand value and sustainability perception value Highest Sustainability Perception Value USD 2.6B USD 222M Source: Brand Finance, July 2023 2 Leader in Fixed for FIVE years The undisputed fastest integrated network These citations also support our goal of enabling the digital transformation of corporations and SMEs serviced by PLDT Enterprise 3 4 Homes Passed ...
PLDT(PHI) - 2023 Q2 - Earnings Call Transcript
2023-08-06 16:41
Financial Data and Key Metrics Changes - Service revenues for the first half of 2023 rose by 1% to PHP94.5 billion, while OpEx declined by 2% to PHP42.4 billion [9] - EBITDA grew by 3% to PHP52.1 billion, marking an all-time high, with EBITDA margin improving to 53% from 52% year-on-year [9][20] - Telco Core income, excluding asset sales and Voyager impact, rose to PHP17.6 billion, up 3% from last year [9][20] Business Line Data and Key Metrics Changes - Data and ICT revenues were key drivers for the enterprise business, which grew by 2% to PHP23.2 billion [10] - Mobile data revenues increased by 4% to PHP34.5 billion, with active data users rising by 2% [11] - Home broadband revenues grew by 3% to PHP30.1 billion, with fiber revenue increasing by 11% to PHP25.7 billion [17] Market Data and Key Metrics Changes - PLDT's homes passed increased by 6% to 17.2 million, with a 4% expansion in fiber footprint compared to last year [7] - The company reported a 99% registration rate for Smart and TNT subscribers post-SIM registration deadline, representing about 96% of revenues [11] Company Strategy and Development Direction - The company aims to strengthen its core businesses while driving steady growth, focusing on individual and enterprise segments [15] - PLDT is expanding its data center business, with the 11th data center expected to go live in the first half of next year, and plans for a 12th data center are underway [10][64] - The launch of Maya Bank is central to the company's payment ecosystem, with a focus on expanding financial services for consumers and SMEs [24][29] Management's Comments on Operating Environment and Future Outlook - Management expects low single-digit growth for service revenues and EBITDA for the full year, with Telco Core income anticipated between PHP33.5 billion to PHP34 billion [31] - The outlook for the second half is optimistic, driven by long-cycle contracts and improvements in wireless and home broadband segments [41][60] Other Important Information - The company approved an interim cash dividend of PHP0.49 per share, representing a 60% payout of first-half Telco Core income [12] - PLDT's balance sheet remains strong, with a net debt to EBITDA ratio of 2.48x as of June [12] Q&A Session Summary Question: What pulled down the growth in enterprise revenues when ICT revenues rose 13% year-on-year? - The growth in enterprise revenues was impacted by declines in legacy services like voice services and discontinued services due to the return to face-to-face learning [34] Question: Can you give us updates on the Sky Cable acquisition? - The company is awaiting approval from the PCC for the transaction, with a scheduled meeting to settle outstanding issues [35] Question: For Maya, the loan book has tripled year-to-date. What are the names like now and is there a new timeline for profitability? - The loan book is performing well, with over 80% of customers returning for repeat loans. The aim is to achieve group EBITDA profitability by the second half of 2024 [36][85] Question: Given the slight sequential decline in quarter two service revenues, where do you expect the bottom line growth to come from moving forward? - The expectation is for higher revenues in the second half, driven by long-cycle contracts and improvements in wireless and home segments [41] Question: What is driving the increase in finance costs year-on-year of around 20%? - The increase is fully attributed to the accretion of lease liabilities arising from sales [45] Question: Are there any one-off costs that are impacting the EBITDA? - There are no one-off costs impacting EBITDA for the second quarter, with only non-recurring items shown after Telco Core income [47][71] Question: What is the outlook for mobile in the second half? - The outlook is positive due to reduced churn rates from SIM registration, increased ARPU, and ongoing revenue optimization initiatives [60] Question: Are there plans to venture into prepaid fiber? - The company is considering prepaid fiber as part of its monetization strategy, focusing on targeted areas to avoid further commoditization [77][82]
PLDT(PHI) - 2023 Q2 - Quarterly Report
2023-08-03 10:31
FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 August 3, 2023 PLDT INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Translation of registrant's name into English) Ramon Cojuangco Building Makati Avenue, Makati City Philippines (Address of registrant's principal executive office) Washington, D.C. 20549 Danny Y. Yu Senior Vice President (Principal Financial Officer) Signature and Title: /s/ Gil Samson D. Garcia Indicate by check mark whether th ...
PLDT(PHI) - 2023 Q1 - Earnings Call Transcript
2023-05-07 17:45
Financial Data and Key Metrics Changes - Telco Core Income increased by 5% to PHP8.6 billion compared to PHP8.2 billion last year, driven by higher EBITDA and lower depreciation [65][69] - Net service revenues rose by 2% to PHP47.1 billion from PHP46.1 billion year-on-year [65][85] - EBITDA reached an all-time high of PHP26 billion, reflecting a 2% increase year-on-year, with a margin of 52% [65][85] Business Line Data and Key Metrics Changes - Home business revenues grew by 6% year-on-year to PHP15 billion, with Fiber Only revenues increasing by 14% to PHP12.8 billion [67][100] - Enterprise business improved by 5% to PHP11.8 billion, with corporate data growing by 7% and ePLDT rising by 14% [68][100] - Individual business revenues remained stable at PHP19.8 billion, despite industry pressures [67][100] Market Data and Key Metrics Changes - The company reported a total fiber footprint of over 1.1 million kilometers, with a population coverage of 97% and 76,500 base stations [90] - 5G data traffic and unique 5G devices continued to rise, with 5G speeds outperforming competitors [90][91] - The SIM registration process has seen 67% of subscribers registered, covering over 80% of revenue [46][35] Company Strategy and Development Direction - The company aims to streamline operations and reduce costs while enhancing network capabilities [58][76] - PLDT is focusing on digital transformation for enterprises, integrating connectivity management to support business growth [62][76] - The company is also investing in renewable energy sources to power its facilities, enhancing sustainability efforts [64][82] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the first quarter but highlighted resilience and growth despite adversity [84][85] - The company is actively managing costs, particularly in response to high electricity prices and inflation [3][65] - Future growth is expected to be driven by ongoing digital adoption and the expansion of service offerings [62][68] Other Important Information - Total CapEx for the quarter was PHP19.3 billion, with a focus on network and IT investments [89] - The company is working on optimizing CapEx spend and improving port utilization [71][70] - The Class Action lawsuit is ongoing, with only two individuals filing as lead plaintiffs, claiming minimal losses [47][40] Q&A Session Summary Question: Reason for lower depreciation charges in Q1 2023 - Management indicated that the lower depreciation charges were due to savings from accelerated depreciation booked in 2022 [1] Question: Expectation of special dividends from tower sales - Proceeds from future tower sales will primarily be used for CapEx and requirements [2] Question: Updated guidance for full year 2023 Telco Core Income - Management expects Telco Core Income to be north of PHP33.1 billion, while managing high expenses [3] Question: Competitive dynamics in the market - Management noted ongoing demand in underserved areas and emphasized the superiority of their network [5][6] Question: Fixed wireless service details - Fixed wireless will be offered as a backup service for existing fiber customers, utilizing both 4G and 5G technologies [9][10] Question: SIM registration process and potential revenue drop - Management reported that 67% of subscribers have been registered, covering over 80% of revenue, and does not foresee revenue risks [35][36] Question: CapEx overrun resolution - The CapEx overrun has been reduced to PHP33 billion, with ongoing negotiations to further manage costs [117][127]
PLDT(PHI) - 2022 Q4 - Annual Report
2023-03-24 18:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 – For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 – For the transition period from _________ to _________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 1 ...
PLDT(PHI) - 2022 Q4 - Earnings Call Transcript
2023-03-23 14:41
PLDT, Inc. (NYSE:PHI) Q4 2022 Earnings Conference Call March 23, 2023 3:30 AM ET Company Participants Melissa Vergel de Dios - First VP, Head, IR, Head, Corporate Sustainability Office & Chief Sustainability Officer Danny Yu - SVP & PLDT Group Controller Alfredo Panlilio - President, CEO & Director Shailesh Baidwan - President, Voyager Innovations Manuel Pangilinan - Chairman Albert Mitchell Locsin - First VP/Head, Enterprise Revenue Group 2 Francis Bautista - VP Jeremiah De La Cruz - SVP & Consumer Busines ...