Core Viewpoint - PLDT has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements, particularly due to institutional investors' reliance on these estimates for valuation [4][6]. - For the fiscal year ending December 2024, PLDT is expected to earn $2.76 per share, reflecting a 2.2% increase from the previous year, with a 2.6% rise in the Zacks Consensus Estimate over the past three months [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - The upgrade of PLDT to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

August 13, 2024 PLDT INC. 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 (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 ☐ SI ...

Core Viewpoint - Philux Global Energy, Inc. is focused on commercializing energy-related products utilizing geomagnetic energy technology and has filed a provisional patent for the "Multi-Impulse Energy System" aimed at providing innovative energy solutions [10][6]. Group 1: Company Overview - Philux Global Energy, Inc. is a wholly-owned subsidiary of Philux Global Group, Inc., established to hold equity interests in energy-related acquisitions and partnerships [6]. - The company aims to develop and commercialize renewable energy products, particularly those leveraging geomagnetic energy technology and photon self-sustainable energy technology [6][15]. Group 2: Technology and Innovations - The "Multi-Impulse Energy System" offers several advantages, including independence from weather conditions, compact design, and no harmful emissions or noise [2]. - Core technologies include Schumann magnetic resonance and energy storage systems that utilize natural atmospheric energy, as well as the acceleration of Muon particles for energy transmission [11]. - The wireless distributed virtual power plant (WDVPP) allows for energy generation and distribution independent of traditional power factories, utilizing AI and IoT for energy management [12][13]. Group 3: Partnerships and Agreements - The company has signed agreements with SSE Group JSC to enhance energy efficiency and reduce greenhouse gas emissions through photon self-sustainable energy technology [15]. - Another agreement is in place with an inventor group to produce generators and engines powered by geomagnetic energy for various transportation modes [15]. Group 4: Vision and Goals - The company aims to revolutionize the energy industry by providing efficient energy solutions that contribute to reducing greenhouse gas emissions and combating climate change [14]. - Philux Global Group, Inc. is also involved in developing financial solutions and engaging in mergers and acquisitions to enhance long-term shareholder value [16].

Financial Data and Key Metrics Changes - Consolidated service revenue for Q1 2024 grew by 3% year-on-year to 48.7 billion [6] - Consolidated EBITDA rose by 5% to 27.3 billion, with an EBITDA margin of 52% [6][22] - Telco core income, excluding asset sales impact, expanded by 8% to 9.3 billion [6][22] - Total cash operating expenses increased by 1% to 21.4 billion [6][15] - Net debt to EBITDA improved to 2.29x, better than the end of 2023 [23] Business Line Data and Key Metrics Changes - Individual or Mobile business revenue grew by 7% to 21.1 billion [7] - Enterprise segment revenue increased by 3% to 12.1 billion, with corporate data and ICT revenues up by 8% [7][14] - Home segment revenue remained stable at 15 billion, while Fiber revenues rose by 7% to 13.7 billion [7][12] Market Data and Key Metrics Changes - Mobile data revenues grew by 11%, with mobile data users increasing to 39.4 million [10][11] - Fiber-Only revenues accounted for 92% of Home segment revenues, with a 7% rise year-on-year [12] - The Enterprise segment's growth was driven by core connectivity and higher ICT revenues from cloud services [14] Company Strategy and Development Direction - PLDT aims to address unserved and underserved markets in home broadband, leveraging its integrated network [13] - The company is focused on operational efficiencies and cost management to improve profitability [15][33] - CapEx guidance for 2024 is set at 75 billion to 78 billion, with a commitment to reduce CapEx intensity over time [17][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024, anticipating mid-single digit growth driven by data and broadband revenues [33] - The competitive landscape in the wireless space is intensifying, with a focus on service quality and customer relevance [38] - Management highlighted the importance of addressing customer needs and behavioral shifts in mobile data usage [39] Other Important Information - Total CapEx for Q1 2024 was 15.7 billion, with a CapEx intensity of 30% [17] - The company reported a share in losses from Maya of about 400 million, consistent with expectations for breakeven by late 2024 [16] - PLDT's balance sheet remains healthy, with gross debt at 257 billion, of which 15% is dollar-denominated [23] Q&A Session Summary Question: Can you characterize the competitive landscape in the wireless space? - Management noted increased competition in service quality and the need to remain relevant to customers [38][39] Question: Can you tighten the guidance for telco core income? - Management indicated that while they aim for north of 35 billion, seasonality of revenues must be considered [41][43] Question: Will PLDT be free cash flow positive before dividends in 2024? - Management suggested that it is likely to achieve free cash flow before dividends for the whole year [53] Question: What drove the increase in mobile data traffic in Q1? - The increase was attributed to a rise in installed devices, particularly 5G, and efforts to alleviate LTE congestion [65][66] Question: What is the rationale for the Radius acquisition? - The acquisition aims to leverage strategic synergies between PLDT and Radius to enhance customer experiences and operational efficiency [81] Question: Any updates on the data center sale? - Management discussed ongoing discussions with potential investors, emphasizing the importance of maintaining control over data centers [88][89]

Regulatory Filings - PLDT filed its 2023 Annual Report with the Philippine Securities and Exchange Commission on March 26, 2024, for the fiscal year ended December 31, 2023[13]. - The company also filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 27, 2024[25]. - The filing of the Annual Report complies with the Securities Regulation Code and the PSE's Revised Disclosure Rules[11]. Company Overview - PLDT is the largest integrated telecommunications company in the Philippines, offering a wide range of services across its extensive fiber optic backbone and cellular networks[26]. - As of February 29, 2024, PLDT had 11,387 stockholders[20]. - PLDT is listed on the Philippine Stock Exchange (PSE: TEL) and the New York Stock Exchange (NYSE: PHI)[27]. - The company has one of the largest market capitalizations among Philippine-listed companies[27]. Sustainability and Services - The reports include a Sustainability Report, highlighting PLDT's commitment to sustainable practices[13]. - The company continues to expand its telecommunications and digital services across the Philippines[26]. - The Annual Report is available on PLDT's website, and shareholders can request hard copies free of charge[25].

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 comparing PLDT's performance with other companies in the technology, media, and telecommunications sector [38]. - 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 [39]. - Telco core income is adjusted for specific losses and is a basis for determining dividend payouts to shareholders [40]. - The company reported total revenues of Php210,953 million (approximately US$3,807 million) and a net income attributable to equity holders of Php26,614 million (approximately US$480 million) for the year ended December 31, 2023 [150]. - Total dividends declared for 2023 amount to Php 20,526 million, with a per share dividend of Php 95 [44]. Market Competition - The company faces increased competition in the telecommunications sector, which may impact market share and profitability due to tariff reductions and customer churn [49]. - The mobile telecommunications industry is experiencing intense price competition, particularly in data services, as competitors invest heavily in fiber broadband [50]. - Regulatory changes, such as the removal of the 40% foreign ownership restriction, may lead to increased competition in the telecommunications market [51]. - The amendment to the Public Service Act in 2022 removed the 40% foreign ownership restriction, increasing competition from foreign investors [84]. Technology and Innovation - The company is adopting AI technology, including a smart voice AI solution for payment collections, but faces risks related to accuracy and regulatory compliance [58]. - The telecommunications industry may face increased competition and legal risks due to evolving AI technologies and regulatory frameworks [58]. - PLDT continues to identify new growth areas in the digital space, including fintech and other adjacent businesses [176]. Operational Challenges - The company has significant cash flow uses, including capital expenditures and interest payments, which are not reflected in Adjusted EBITDA [38]. - Limitations in the frequency spectrum available to PLDT Group could negatively impact service quality and customer satisfaction, affecting competitiveness [90]. - The company faces challenges in timely installation and maintenance of telecommunications facilities, which could adversely affect market share and service quality [95]. - Climate change poses risks to PLDT Group's operations, potentially increasing the frequency of natural disasters that could damage infrastructure and disrupt supply chains [102]. - The company’s cybersecurity measures may become less effective over time, increasing the risk of successful cyber attacks that could lead to financial and reputational damage [101]. Financial Risks - Approximately 16% of PLDT Group's total consolidated debts were denominated in U.S. dollars as of December 31, 2023, exposing the company to foreign exchange risks [109]. - A depreciation of the Philippine peso against the U.S. dollar could increase U.S. dollar-denominated debt obligations, capital expenditures, and operating expenses in Philippine peso terms, potentially leading to significant foreign exchange losses [110]. - PLDT's existing debt instruments contain covenants requiring the maintenance of certain financial ratios, which could be negatively impacted by poor operating performance and peso depreciation [111]. - The company may need to dedicate a substantial portion of cash flow to debt payments, reducing availability for working capital and capital expenditures [112]. - If unable to meet debt obligations, PLDT may need to restructure or refinance its debt, seek additional equity capital, or sell assets, which could adversely affect its financial condition [114]. Subscriber and Service Metrics - As of December 31, 2023, the company served 65.3 million users across mobile, fixed line, and data services [144]. - The total mobile subscriber base decreased to 57,827,126 as of December 31, 2023, down from 66,304,761 in 2022, reflecting a market share of approximately 46% [181]. - As of December 31, 2023, approximately 67% of mobile subscribers are active data users, indicating strong demand for mobile data services [171]. - Revenues from mobile data services accounted for 87% of the wireless segment revenues as of December 31, 2023 [171]. - Fixed line business service revenues in 2023 were 88% attributable to fiber, voice, and miscellaneous services, highlighting the growth in fiber services [171]. Investments and Strategic Initiatives - The company secured a Php1.0 billion Green Loan Facility from HSBC Philippines to fund the modernization and expansion of its fiber network [154]. - The company invested Php210 million for a 60% equity interest in Limitless Growth Ventures Inc., aimed at enhancing digitalization efforts within the MVP Group [156]. - The company proposed an investment of approximately Php2,116 million for a 34.9% equity interest in Radius Telecom, Inc. to strengthen its market position [160]. - The company engaged in a sale and leaseback of telecom towers to improve operational efficiency and support the Philippine Department of Information and Communications Technology's goals [166]. - ePLDT's VITRO data centers maintain a 65% market capacity share, catering to various industries including banking and finance, and is expanding to strengthen market leadership [231]. Regulatory and Compliance Issues - Regulatory approvals and licenses are critical for operations, with potential risks of revocation or delays impacting business continuity [67]. - The company is subject to extensive laws and regulations, including service rates and antitrust laws, which could adversely affect financial performance [77]. - PLDT Group is required to maintain a SIM register under the SIM Registration Act, increasing the risk of data breaches and compliance costs related to data privacy laws [87]. - The implementation of House Bill 9021 may require significant operational adjustments for PLDT Group, potentially incurring substantial costs to comply with new service quality monitoring requirements [85]. - Regulatory changes in mobile payment services could increase operational costs and limit the types of products PLDT Group can offer, affecting its competitive position in the market [86]. Workforce and Labor Relations - PLDT's unionized workforce, representing 52% of employees, may lead to increased operating expenses and potential work stoppages [121]. - The company is involved in various legal proceedings that could impact cash flows and financial condition, with potential costs based on estimates developed with legal counsel [128]. - High fraud rates related to device financing and subscriptions could significantly increase operating costs and adversely affect financial results [129].

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 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 ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | 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 ...

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 ...