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].

PLDT Inc. (NYSE:PHI) Q4 2023 Results Conference Call March 7, 2024 2:30 AM ET Company Participants Melissa de Dios - Chief Sustainability Officer, Head-IR Manuel Pangilinan - Chairman, CEO Danny Yu - CFO, CRO Conference Call Participants Arthur Pineda - Citi Derrick Guarin - CLSA Melissa de Dios Good afternoon, and thank you for joining us today to discuss the Company’s Financial and [Technical Difficulty] for the Full Year of [Technical Difficulty]. Copy of today’s presentation is on the website, those wh ...

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 ...

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 Inc. (NYSE:PHI) Q2 2023 Earnings Conference Call August 3, 2023 3:30 AM ET Company Participants Melissa de Dios - Investor Relations Manny Pangilinan - Chairman Al Panlilio - President and Chief Executive Officer Danny Yu - Chief Financial Officer and Chief Risk Officer Marilyn Aquino - Corporate Secretary and Chief Legal Counsel Shailesh Baidwan - President, Maya Philippines and Co-Founder, Maya Bank Melissa Vergel De Dios - First Vice President and Chief Sustainability Officer Mitchie Arcaina - Vice ...

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 ...

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]

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 ...