Presentations Page (IR website) 1Q2025 Analysts Briefing Financial Highlights Solid EBITDA and strategic investments underpin resilient core results | | 1Q25 | 1Q24 | Change | % Change | | --- | --- | --- | --- | --- | | Service Revenues [net of interconnection costs] | 49.0bn | 48.7bn | +0.3bn | 1% | | Cash Opex, Subsidies, Provisions (ex-MRP) | 21.1bn | 21.4bn | -0.3bn | -1% | | EBITDA (ex-MRP) | 27.9bn 52% margin | 27.3bn 52% margin | +0.6bn | +2% | | Depreciation & Amortization | 13.1bn | 11.7bn | +1.4b ...

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 May 15, 2025 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 ☐ SIGNA ...

PLDT (PHI) Q1 2025 Earnings Call May 15, 2025 03:30 AM ET Company Participants Marseille Nograles - Head - Investor RelationsDanny Yu - Senior VP, CFO & Chief Risk Management OfficerArthur Pineda - Head of Asia Pacific Telecoms & Singapore ResearchPatricio S. Pineda - SVP & Enterprise Business HeadVictor S. Genuino - President & CEO - ePLDT and VITRONone - ExecutiveAnastacio Martirez - COOMenardo Jimenez - Executive VP & COO Conference Call Participants None - Analyst Marseille Nograles Good afternoon, ever ...

PLDT (PHI) Q1 2025 Earnings Call May 15, 2025 03:30 AM ET Speaker0 Good afternoon, everyone. Thank you for joining us today. I'm Jingay Nabrales, Head of Investor Relations here at PLDT. It's my pleasure to welcome you to our first quarter financial and operations results briefing. Joining us today to share insights into PLDT's performance and strategic direction are Smart Communications Chief Operating Officer, Voin Marquez PLDT Chief Operating Officer, Jimenez Junior PLDT Chief Financial Officer, Mr. Dann ...

Core Insights - The article emphasizes the importance of the Zacks Rank system, which focuses on earnings estimates and revisions to identify strong stocks [1] - Value investing is highlighted as a favored strategy that seeks to find undervalued companies in the market [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the Value category [3] Company Analysis: PLDT (PHI) - PLDT (PHI) currently holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock has a Forward P/E ratio of 7.67, significantly lower than the industry average of 9.34, with historical fluctuations between 6.91 and 10.14 over the past year [4] - The P/B ratio for PHI is 2.44, which is attractive compared to the industry average of 4.05, with a historical range of 2.20 to 3.18 [5] - These valuation metrics suggest that PLDT is likely undervalued, and its strong earnings outlook positions it as one of the market's strongest value stocks [6]

Core Viewpoint - Investors are evaluating the attractiveness of PLDT (PHI) and TeliaSonera AB (TLSNY) as value stocks, with a focus on their valuation metrics and earnings outlooks [1][3]. Valuation Metrics - PLDT (PHI) has a forward P/E ratio of 7.46, while TeliaSonera AB (TLSNY) has a forward P/E of 21.06, indicating that PHI is significantly cheaper relative to its earnings [5]. - The PEG ratio for PHI is 1, suggesting a favorable valuation considering its expected earnings growth, whereas TLSNY has a PEG ratio of 4.08, indicating a higher valuation relative to its growth expectations [5]. - PHI's P/B ratio is 2.38, compared to TLSNY's P/B of 2.51, further supporting the argument that PHI is undervalued relative to TLSNY [6]. Earnings Outlook - Both companies currently hold a Zacks Rank of 2 (Buy), reflecting positive earnings estimate revisions and improving earnings outlooks [3]. - Despite both companies having solid earnings prospects, the valuation metrics suggest that PHI is the superior value option at this time [6].

Core Viewpoint - The article emphasizes the importance of value investing and highlights PLDT (PHI) as a strong candidate for value investors due to its attractive valuation metrics and earnings outlook [2][4][6]. Company Analysis - PLDT (PHI) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - The stock's Forward P/E ratio is 7.29, significantly lower than the industry's average of 10.40, suggesting it may be undervalued [4]. - Over the past year, PHI's Forward P/E has fluctuated between a high of 10.14 and a low of 7.06, with a median of 8.49 [4]. Cash Flow Metrics - PLDT has a P/CF ratio of 2.92, which is attractive compared to the industry's average P/CF of 4.43, indicating a favorable cash outlook [5]. - The P/CF ratio for PHI has ranged from a high of 4.05 to a low of 2.88 over the past year, with a median of 3.34 [5]. Investment Outlook - The combination of low valuation metrics and a strong earnings outlook positions PLDT as one of the market's strongest value stocks [6].

Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets [1] - Investment diversification has become a strategy for individuals, moving away from traditional savings in banks and properties [1] - The popularity of insurance companies in the Philippines has influenced investment choices since 2014 [1] Group 2 - Initial investments were made in blue-chip companies, but there is now a broader portfolio across various industries and market capitalizations [1] - The US market was entered in 2020, expanding investment opportunities beyond the Philippine market [1] - The use of analytical tools and resources, such as Seeking Alpha, has enhanced comparative analysis between the US and Philippine markets [1]

Core Insights - The article emphasizes the importance of a proven ranking system that focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a popular and successful strategy across various market conditions, relying on traditional analysis of key valuation metrics [2] - The Zacks Rank and Style Scores system are tools for investors to identify high-quality value stocks, particularly those with high Zacks Ranks and "A" grades for Value [3] Company Analysis: PLDT (PHI) - PLDT (PHI) is currently rated with a Zacks Rank of 2 (Buy) and an A for Value, indicating strong investor interest [4] - The stock has a P/E ratio of 7.83, which is lower than the industry average of 9.36, suggesting it may be undervalued [4] - Over the past 52 weeks, PHI's Forward P/E has fluctuated between 10.14 and 7.06, with a median of 8.55 [4] - PHI's P/CF ratio stands at 3.22, which is attractive compared to the industry's average P/CF of 4.21, indicating solid cash flow prospects [5] - The P/CF ratio for PHI has ranged from 4.05 to 2.88 over the past year, with a median of 3.37 [5] - These metrics contribute to the strong Value grade for PLDT, suggesting it is likely undervalued and has a positive earnings outlook [6]

Financial Performance - Adjusted EBITDA is monitored by management for each business unit separately, and it is presented as a key performance indicator to assist investors in analyzing the performance of PLDT[35]. - Core income for PLDT is defined as net income attributable to equity holders, excluding certain non-recurring items, and is used for resource allocation and performance assessment[36]. - Telco core income is adjusted for specific losses and is a basis for determining dividend payouts to shareholders[37]. - The company reported total revenues of Php216,833 million (approximately US$3,748 million) and a net income of Php32,307 million (approximately US$558 million) for the year ended December 31, 2024[156]. Dividends - Total dividends declared for 2023 amounted to Php 20,525 million, with a per share dividend of Php 95[41]. - The company declared a total of Php 28,951 million in dividends for 2022, with a per share dividend of Php 134[41]. - In 2024, PLDT plans to declare dividends totaling Php 20,958 million, with a per share dividend of Php 97[41]. Market Competition - The company faces increased competition in the telecommunications sector, which may impact market share and profitability[46]. - The mobile telecommunications industry is experiencing intense price competition, particularly in data services, affecting customer experience and pricing strategies[47]. - Regulatory changes, such as the amendment to the Public Service Act, may increase competition and impact customer retention[48]. - The amendment to the Public Service Act allows for increased foreign investment but may also enable competition from foreign telecommunications companies[67]. - In 2022, the amendment to the Public Service Act removed the 40% foreign ownership restriction on telecommunications companies, increasing competition[83]. Technology and Innovation - The company is actively integrating AI into its operations, starting with a smart voice AI solution to enhance payment collections and improve employee productivity[55]. - The Philippine government is developing regulations for AI technologies, which may impose obligations and costs related to monitoring and compliance[56]. - The introduction of new prepaid eSIMs and digital delivery of eSIMs in 2023 supports the growth of mobile services, enhancing customer experience and engagement[181]. Infrastructure and Investments - The company has entered into agreements with vendors to upgrade and modernize significant portions of its IT infrastructure, but completion on schedule is not guaranteed[60]. - The company secured Php1.0 billion and Php4.0 billion Green Loan Facilities to fund the modernization and expansion of its fiber network, aiming to reduce greenhouse gas emissions by 40% by 2030[160]. - A Php2.0 billion Social Loan Facility was obtained to expand network fiber to underserved municipalities, aligning with government connectivity initiatives[161]. - The company invested Php840 million in Kayana, representing a 60% equity interest, to enhance digitalization initiatives within the MVP Group[163]. - On April 30, 2024, the company invested Php2,116 million for a 34.9% equity interest in Radius Telecom, Inc. to enhance market share[165]. - The company increased its ownership in MIH from 36.97% to 37.66% through a US$15.3 million investment in convertible preferred shares[166]. - The company sold a 4.99% equity interest in Multisys for Php270 million, retaining a 45.73% interest and continuing to consolidate its financial results[167]. Customer Base and Services - As of December 31, 2024, the company served 66.6 million users across mobile, fixed line, and data services[154]. - The total mobile subscriber base reached 58,989,807 as of December 31, 2024, reflecting a growth of 2% in prepaid subscribers and 5% in postpaid subscribers compared to the previous year[176][177]. - Mobile data services accounted for 89% of the wireless consumer segment revenues, with mobile internet revenues increasing by Php3,793 million, or 5%, to Php75,061 million from Php71,268 million in 2023[169][178]. - PLDT Home serves 3.3 million subscribers nationwide as of December 31, 2024, positioning itself as the leading home broadband service provider in the Philippines[204]. Operational Challenges - The company faces declining revenues from traditional services due to the growing use of mobile data and competition from alternative technologies[52]. - Limitations in frequency spectrum availability could negatively impact service quality and competitiveness, affecting customer retention[94][95]. - Cybersecurity threats pose significant risks to operations, with potential legal and financial repercussions from successful attacks[107]. - The company faces challenges in timely installation and maintenance of telecommunications facilities, which could adversely affect market share and service quality[101][102]. - Compliance with varying international data protection regulations may incur substantial costs and impact business practices[91]. Financial Risks - The company has significant internal cash requirements for debt service, capital expenditures, and operating expenses, which may limit its ability to pay dividends to the parent company[122]. - The company is vulnerable to fluctuations in the Philippine peso against the U.S. dollar, which could increase its U.S. dollar-denominated obligations[115]. - The company may incur significant costs due to potential new environmental legislation and regulations introduced by the Philippine Government[110]. - The company faces risks from climate change, which could increase the frequency and severity of natural disasters, impacting operations and supply chains[108]. - The company may face difficulties in funding capital expenditures if it cannot secure financing on acceptable terms[112]. Governance and Legal Matters - The company is involved in various legal proceedings that may materially impact its financial condition and operating results[135]. - Smart received a subpoena from the PCC Competition Enforcement Office related to an ongoing investigation in the telecommunications industry, submitting relevant corporate documents[82]. - House Bill 9021 mandates refunds for internet service outages lasting 24 hours or more, requiring significant operational adjustments for compliance[84][86]. - House Bill 10289 institutionalizes a roll-over data allocation scheme for ISPs, necessitating substantial capital and operational expenditures for compliance[87]. - The KP Act, if enacted, will liberalize the telecommunications sector by removing legislative franchise requirements, potentially reshaping market dynamics[88]. Strategic Partnerships - PLDT's strategic partnerships with institutional investors like First Pacific and NTT DOCOMO enhance its market position and product offerings[171]. - Smart enhances PLDT Enterprise's portfolio with IoT solutions, driving operational efficiency through advanced analytics and connected devices[227].