Macquarie ASEAN Conference 27-28 August 2019 | The Fullerton Hotel - - PowerPoint PPT Presentation

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Macquarie ASEAN Conference

27-28 August 2019 | The Fullerton Hotel Singapore

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Growth is further enabled by the strong Philippine economic outlook, the growing young and data- centric population Expanding avenues of growth through prudent investments into adjacencies in the digital space A culture built around customer centricity and innovation; Enabled by highly engaged, energized and purpose-driven employees Remaining focused towards creating greater corporate value via efficient capital management

Key Investment Thesis

Fixed broadband provides new catalysts for growth, given low penetration and growing demand for home broadband Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption

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6M19

6,294

5,493 3,191 3,104 2,826

6M19 6M18 2Q19 1Q19 2Q18

Corporate Data Revenues

(in Php Mn)

10,554

8,727 5,347 5,207 4,429

6M19 6M18 2Q19 1Q19 2Q18

Home Broadband Revenues

(in Php Mn)

34,037

23,417 17,549 16,488 11,935

6M19 6M18 2Q19 1Q19 2Q18

Mobile Data Revenues

(in Php Mn)

Globe is the preferred brand for the Filipino’s digital lifestyle choices, recording solid growth in all data- related categories

Data Revenues as a Percentage of Total Service Revenues

(1PB = 1,024TB)

70%

58%

Wireless Data Traffic

389

PB

764

PB

+96% 6M18 6M19 MDS Users

3

+6%

QoQ

+45%

YoY

+3%

QoQ

+15%

YoY

+3%

QoQ

+21%

YoY

35.4

MILLION

37.5

MILLION

+7% 6M18 6M19 Mobile Data Revenues

(In Php Mn)

Home Broadband Revenues

(In Php Mn)

Corporate Data Revenues

(In Php Mn)

6M18

Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption. +47%

YoY

+21%

YoY

+13%

YoY

SLIDE 4

We bring new innovations and partnerships to remain relevant to data users, being the preferred mobile brand for data services

ENTERTAINMENT SOCIAL NETWORKING MUSIC ESPORTS

No Credit Card? No

• Problem. Get Spotify

Premium with your Globe Number, even without a credit card.

Spotify tify

VIDEOS AND GAMES

Make moments matter with an additional 2 GB

• f

data for videos and

• games. There’s more

to your streams and gameplays with bigger data.

With Unlichat, you can enjoy all-day use

• f

Viber, FB Messenger, Kakao, GMessage and

• ther major chat apps

like LINE & WeChat! No need for a WIFI connection to use all these!

UNLICHAT

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Content Partnerships

Globe is spearheading the development

• f

the Esports ecosystem by providing its customers with internationally seeded tournaments, streaming content, and exclusive gaming promos.

Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption.

SLIDE 5

New products and services geared for the Filipino digital lifestyle

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Free Promo Codes for subscription to GoSakto90 GCash expands Puregold partnership with Scan to Pay via Barcode

Globe at Home Air Fiber 5G Unveiled Free Promo Codes for subscription to HomeSurf

0917 Lifestyle, Saga Events Bring Back StyleFestPH

You can now pay with GCash QR in Starbucks! Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption.

SLIDE 6

We provide superior data experience to our customers through continuous investments in our data network

Roll-out of LTE frequencies in full swing Home Broadband roll-out

• For 1H19, Globe deployed over 3,300 new LTE sites for

increased capacity and coverage.

• Deployment ramping up progressively, targeting sites with

high demand.

• For 1H19, Globe rolled out ~515,000 lines with remainder to

be deployed progressively

Globe deploys new MIMO technology

• Globe deploying massive MIMO technology which utilizes LTE

spectrum to accommodate more users at higher data rates with better reliability.

Fast-tracking the roll-out of LTE service using frequencies from the SMC deal and NTC Globe, Aboitiz-Frontier Towers ink common tower deal

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Globe signs MOU with ISOC, edotco to Fast Track ICT Infra Build in PH

As the Filipinos’ preferred brand for digital lifestyles, Globe is reaping the benefits of the robust growth in data services

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Growth is further enabled by the strong Philippine economic outlook, the growing young and data- centric population Expanding avenues of growth through prudent investments into adjacencies in the digital space A culture built around customer centricity and innovation; Enabled by highly engaged, energized and purpose-driven employees Remaining focused towards creating greater corporate value via efficient capital management

Key Investment Thesis

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Fixed broadband provides new catalysts for growth, given low penetration and growing demand for home broadband Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption

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To meet sustained demand for connectivity, broadband presents a unique opportunity for near-term growth, to be enabled by further CAPEX investments

10%

13% 25%

2012 2013 2014 2015 2016 2017 2018 2019

Low penetration rates present opportunities for significant growth in home broadband

House usehol hold d Penetrat atio ion n Rate

Source: Company estimates

2015 2020

Broadband Revenu nue Growth

~3x

3x

Increasing

• nline

video consumption is indicative

• f increasing demand for

faster and better home internet connection

Source: We are Social

2014 2015 2016 2017 2018 2019

Interne net t Penetra trati tion

• n Rate

+9 +97%

8

Fixed broadband provides new catalysts for growth, given low penetration and growing demand for home broadband

Source: We are Social

Device Usage: Philippines vs. Southeast Asia

38% 40% 65% 70% 29% 18%

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Growth is further enabled by the strong Philippine economic outlook, the growing young and data- centric population Expanding avenues of growth through prudent investments into adjacencies in the digital space A culture built around customer centricity and innovation; Enabled by highly engaged, energized and purpose-driven employees Remaining focused towards creating greater corporate value via efficient capital management

Key Investment Thesis

Fixed broadband provides new catalysts for growth, given low penetration and growing demand for home broadband Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption

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4.6% 6.4% 4% 6.6% 5.1% 3.9% 2.7%

Malaysia Philippines Vietnam Indonesia Thailand Singapore Source: Bloomberg

20 30 40 50 60 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 6M19

Inflation Exchange Rate

Source: NSO, ADB Source: NSCB, BSP

8.3% 3.4% 52.2235 56.18

Philippine Macroeconomic Environment

1.1% 7.6% 3.9% 6.6% 7.2% 6.1% 5.8% 6.9% 6.7% 6.2% 5.5%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2Q19

10

18.8 23.0 26.9 28.1 28.9 12.3 2010 2013 2016 2017 2018 6M19

Source: BSP

Growth is further enabled by the strong Philippine economic outlook, the growing young and data-centric population

2019 GDP Forecasts for Select Southeast Asian Countries

Philippine GDP Growth Philippine Inflation and Forex Rates Philippine Overseas Remittances

(in US$ Billions)

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76 76

Millio ion

74% 74%

FB users under 35 years old Active social media users Filipinos of ages 24 and below comprise ~50% of total population… …and is still expected to grow over the next three decades The Philippines is dubbed the “Social Networking Capital of the World” . . . and prior to this, the “SMS Capital of the World”

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Philippine Population and Social Media Metrics

Source: Digital in 2019: The Philippines – We Are Social

* Broadcast, streaming and video on demand

31% 19%

Percentage of Youth 2019 estimate

0-14 15-24 25-54 55-64 65+ 8.0 8.9 9.7 10.1 .1 10.2 10.2 10.5 11.1

11.2 11.1 7.1 8.0 8.4 9.6 9.9 10.0 10.1 10.4 11.0 11.1 15.1 16.9 18.2 19.8 20.1 20.3 20.6 21.5 22.2 22.2

2000 2005 2010 2015 2018 2020 2025 2030 2035 2040 15-19 20-24

Youth Population (2000-2040)

10 Hour urs 2 Min

• Ave. Daily

Time Spent on the Internet

4 Hours rs 12 Min

• Ave. Daily

Time on Social Media

2 Hours rs 6 Min 3 Hours rs 33 Min

• Ave. Daily Time

Spent Streaming Music

• Ave. Daily

TV Viewing Time*

Growth is further enabled by the strong Philippine economic outlook, the growing young and data-centric population

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Expanding avenues of growth through prudent investments into adjacencies in the digital space A culture built around customer centricity and innovation; Enabled by highly engaged, energized and purpose-driven employees Remaining focused towards creating greater corporate value via efficient capital management

Key Investment Thesis

Fixed broadband provides new catalysts for growth, given low penetration and growing demand for home broadband Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption

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Growth is further enabled by the strong Philippine economic outlook, the growing young and data- centric population

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Evolving from traditional telco services, we are establishing the building blocks in adjacent spaces to ensure continued growth in the world of data

• 24/7 health hotline service available nation-wide for all mobile

customers.

• Call anytime, anywhere in the Philippines
• Connect with licensed doctors
• Flexible, affordable plans
• Partnered with Mexican telephone medical assistance firm Salud

Interactiva, a leader in the health hotline space

Financial Services Telehealth

• Mynt is Globe’s Fintech service that addresses

financial inclusion through mobile money, micro- loans and technology

• In Sept. 2017, Ant Financial and Ayala

Corporation entered into a strategic partnership with Globe and invested into Mynt

• At closing, Globe and Ant Financial each held

45% with Ayala Corporation 10%

• GCash registered users of ~20 million and

~72 thousand merchants

• GCash is now available to all mobile and

Facebook (via Messenger) subscribers

• Fuse offers credit, investment, insurance,

savings, and scoring products 13 No bank accounts

• r

formal means to save money

70% 70%

No credit score, making it difficult to secure a loan

90% 0%

Daily interest rate charged by informal lenders

20% 0%

Cities and municipalities with no physical banks

40% 40%

National average

• f

doctors to patients

3.5 .5:1 :10,000 0,000

Percentage

• f

licensed physicians who are active

54% 54%

Expanding avenues of growth through prudent investments into adjacencies in the digital space

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Mobile Advertising

Evolving from traditional telco services, we are establishing the building blocks in adjacent spaces to ensure continued growth in the world of data

Venture Capital

#startupPH #area55 #raidthefridge

• AdSpark‘s mission: To accelerate digital and mobile advertising in the Philippines.
• AdSpark works closely with both top brands and advertising agencies, providing expert and

customized digital and mobile advertising solutions for the SME market.

• AdSpark intends to capitalize on the emerging digital lifestyle of a predominantly young Filipino

population where mobile advertising only accounts for a meager share of total industry ad spend

• Kickstart’s mandate is to (1) source innovation;

(2) nurture early-stage startups to scale; and (3) invest for portfolio return.

• Fund 1 = Php150M; Fund 2 = up to USD50M
• Investment portfolio focused on delivering

solutions for e-lifestyle, e-commerce, B2B, software-as-a-service (SaaS), and social impact

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Expanding avenues of growth through prudent investments into adjacencies in the digital space

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Expanding avenues of growth through prudent investments into adjacencies in the digital space

Globe’s New Corporate Incubator New engine for Globe’s future growth Create and scale digital companies Solve problems for customers and businesses beyond telco Leverage core telco assets to the fullest

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A culture built around customer centricity and innovation; Enabled by highly engaged, energized and purpose-driven employees Remaining focused towards creating greater corporate value via efficient capital management

Key Investment Thesis

Fixed broadband provides new catalysts for growth, given low penetration and growing demand for home broadband Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption

16

Growth is further enabled by the strong Philippine economic outlook, the growing young and data- centric population Expanding avenues of growth through prudent investments into adjacencies in the digital space

SLIDE 17

The Asset Corporate Awards

• The Asset Platinum Award for Excellence in Environmental, Social, and Corporate

Governance (ESG) Best Awards for Excellence in Corporate Governance

• Finalist and only telco recognized at the Philippine Stock Exchange (PSE) Bell

Awards for Excellence in Corporate Governance Asia Communications Awards

• CEO of the Year, Ernest Cu

Finance Asia's Best Managed Companies

• CEO of the Year, Ernest Cu
• Best Managed Company
• Best at Investor Relations and CSR

Frost & Sullivan Asia Pacific ICT Award

• Telecom CEO of the Year
• Fixed Broadband Service Provider of the Year
• Philippines Telecom Service Provider of the Year
• Philippines Mobile Service Provider of the Year
• Philippines Fixed Broadband Service Provider of the Year

14th Annual International Business Awards/Stevie Awards

• Gold Awards, Globe 1st World Internet PH under Communication or PR Campaign
• f the Year – Issues Management Category
• Silver Awards, 7 Ways to Create Wonderful Experiences under Best Annual Report

– Print Category

• Silver Awards, Globe Telecom under Telecommunications – Large Category
• Bronze Awards, Globe Transformation and Triumph under Ernest Cu under

Executive – Telecommuncations Category

• Bronze Awards, Enterprise Innovation Forum under Brand Experience of the Year –

Business-to-Business Category Asia-Pacific Excellence Awards

• Best Telecommunications Campaign for #1stWorldInternetPH

Asia Money Best Managed Large Cap Company Philippines

• Asia Money Best Managed Company Awards

Awards

Wireless revenue market share gains over the last 9 years

33.1%

2Q10

56.2%

2Q19

23.1

ppts

• 41% of employees

volunteered for social development causes 2018 Sustainable Engagement Score

91%

17

A culture built around customer centricity and innovation; Enabled by highly engaged, energized and purpose-driven employees

SLIDE 18

Remaining focused towards creating greater corporate value via efficient capital management

Key Investment Thesis

Fixed broadband provides new catalysts for growth, given low penetration and growing demand for home broadband Superior execution and focus on a differentiated customer experience reinforce Globe as the preferred brand for the Filipinos’ digital lifestyle choices, spearheading the growth in data adoption

18

Growth is further enabled by the strong Philippine economic outlook, the growing young and data- centric population Expanding avenues of growth through prudent investments into adjacencies in the digital space A culture built around customer centricity and innovation; Enabled by highly engaged, energized and purpose-driven employees

SLIDE 19

Consolidated Financial Highlights

19 1/ OPEX & Subsidy includes interconnect charges 2/ Core Net Income excludes forex, mark-to-market gains and losses, and non-recurring items 3/ 2018 figures have been restated to reflect a normalized quarterly break following the adoption of PFRS 15 and 9

1H19 1H18 (Restated)3 YoY% 2Q19 1Q19 QoQ% Gross Service Revenues 72,879 64,746 13% 36,876 36,003 2% OPEX and Subsidy1 (34,297) (31,927) 7% (18,213) (16,084) 13% EBITDA 38,582 32,819 18% 18,662 19,919

• 6%

EBITDA Margin 53% 51% 51% 55% Depreciation (16,453) (14,573) 13% (8,457) (7,996) 6% EBIT 22,128 18,246 21% 10,205 11,923

• 14%

Non-Op Charges (4,395) (3,536) 24% (2,268) (2,127) 7% Provision for Tax (5,687) (4,735) 20% (2,620) (3,066)

• 15%

Net Income 12,047 9,975 21% 5,317 6,730

• 21%

Core Net Income2 12,023 10,179 18% 5,291 6,732

• 21%

Remaining focused towards creating greater corporate value via efficient capital management

SLIDE 20

Gross debt at Php132 Billion, remains within covenant ratios

Historical CAPEX Breakdown

Covenant = 3.5:1 Covenant = 3:1

Gross Debt

(In Php Mn)

Gross Debt/Equity Gross Debt/EBITDA Capex

(In Php Bn)

20

36.7 42.5 43.3 19.0

2016 2017 2018 6M19

131,529 148,282 132,106 2017 2018 6M19 2.43 2.33 1.92 2017 2018 6M19 1.98 2.03 1.67 2017 2018 6M19

15% 11% 7% 13% 15% 8% 10% 9% 8% 9% 30% 14% 2% 1% 1% 48% 65% 82% 77% 75% 2015 2016 2017 2018 6M19 Business Support Others Core Data

Remaining focused towards creating greater corporate value via efficient capital management

Consent Solicitation Exercise held last October 2018 covered Proposed Amendments to the Trust lndentures, including a higher consolidated Debt/Equity Ratio of 3.0:1 and Gross Debt/EBITDA of 3.5:1

SLIDE 21

6,057 12,105 12,092 11,682 11,017

6M19 2018 2017 2016 2015

Dividends Paid

(in Php Mn)

Cash Dividends: Sustained commitment to delivering value to our shareholders

Cash Dividend per Common Share: Php 22.75 Record Date: August 19, 2019 Payment Date: August 30, 2019

3Q19 Dividend: Key Information

21

800 2702 1900

2010 2011 2012 2013 2014 05/06/2015 2015 2016 2017 2018 20-Aug-19

Historical Share Price

All-time high

Last November 5, 2018, the Globe Board approved the adjustment in dividend payout policy to 60-75% of prior year’s core net income to be applied to the 2019 dividend declaration

Remaining focused towards creating greater corporate value via efficient capital management

SLIDE 22

2019 Consolidated Outlook Php63 Billion

• Increased interest expenses from additional debt to

satisfy cash requirement for the sustained capex- related spending coupled with rising interest rate environment

• Depreciation charges to continue upswing, on the back
• f

the elevated historical capex spending and continued investment in the network for 2019

• Globe share in equity losses expected to increase on

the back of more aggressive expansion of Mynt

Remain within covenant levels Capex Gearing

Cost Considerations

22

High single digit growth Low 50s Service Revenue EBITDA Margin

Remaining focused towards creating greater corporate value via efficient capital management

SLIDE 23

Appendices

SLIDE 24

Globe Postpaid 2,631 Globe Prepaid 43,924 TM 46,386 Total 92,942 Mobile Subscribers

• Major Philippine telecom service provider with

92.9 million mobile, 1.8 million home broadband and 1.4 million landline subscribers

• Common shares are listed in the Philippine Stock

Exchange with market cap of USD5.9 Billion

• Mobile Voice (local, NDD and

ILD), data (SMS, mobile browsing and content/VAS), and nomadic

• Fixed Line Voice (local, NDD

and ILD) and data (data solutions for business customers)

• Broadband Wired, fixed

wireless

• Employee headcount of over 7,700; with over

1.2 million retailers, distributors, suppliers and

business partners nationwide

• Mobile and home broadband subscribers (in 000s):
• A member of Bridge Alliance,

Asia Pacific’s leading mobile alliance covering 34 countries with a combined customer

base of over 800 million

• Principal shareholders* are

Asiacom (50.9%), Singapore Telecom

(20.1%) and Ayala

Corporation (13.2%)

GENERAL BUSINESS SEGMENTS CAPITALIZATION

EMPLOYEES, PARTNERS AND SUBSCRIBERS

Service Revenue Profile

Globe Telecom at a Glance

Appendix 1

* Information as of June 30, ,2019

24

* Based on total outstanding shares as of June 30, 2019

Fixed Wireless 1,177 Wired 637 Total 1,814 Home Broadband Subscribers

Mobile Voice, 17% Mobile SMS, 11% Mobile Data, 47% Home Broadband , 14% Corporate Data, 9% Fixed Line Voice, 2%

SLIDE 25

Historical Revenue Breakdown, Net Service Revenue, EBITDA

Appendix 2

25

* Globe adopted PFRS 9 and 15 beginning 2018 and PFRS 16 beginning 2019. (In Million Pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Mobile 24,209 24,806 24,678 25,838 23,799 24,520 24,794 25,370 25,979 26,603 26,557 27,787 26,982 27,655 Mobile Voice 7,325 7,435 6,994 6,654 7,901 8,322 8,188 7,864 7,762 7,880 7,458 7,248 6,259 6,057 Mobile SMS 5,402 5,435 4,935 4,390 5,930 5,860 5,601 5,758 5,663 5,701 5,212 4,706 4,234 4,049 Mobile Data 11,482 11,935 12,750 14,794 9,968 10,338 11,005 11,748 12,553 13,023 13,887 15,833 16,488 17,549 Fixed Line & Broadband 7,733 7,998 8,520 9,093 7,323 7,259 7,444 7,398 7,659 8,020 8,528 9,100 9,021 9,221 Home Broadband 4,298 4,429 4,826 5,053 3,844 3,882 3,988 3,931 4,255 4,426 4,823 5,040 5,207 5,347 Corporate Data 2,667 2,826 2,944 3,325 2,541 2,481 2,600 2,666 2,633 2,849 2,957 3,344 3,104 3,191 Fixed Line Voice 769 743 749 716 938 896 856 800 771 746 749 717 710 683 Total 31,942 32,804 33,198 34,932 31,122 31,779 32,238 32,767 33,638 34,623 35,085 36,887 36,003 36,876 EBITDA 16,080 16,739 16,476 15,832 13,315 13,944 13,365 12,702 15,760 16,786 16,526 15,798 19,919 18,662 EBITDA Margin 50% 51% 50% 45% 43% 44% 41% 39% 47% 48% 47% 43% 55% 51% (In Million Pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net Service Revenues 29,627 30,474 30,964 32,803 29,065 29,662 30,449 30,878 31,838 32,912 33,649 36,157 35,196 35,931 Interconnection Settlement Costs 2,316 2,330 2,233 2,129 2,057 2,117 1,789 1,889 1,800 1,711 1,436 730 807 944 CONSOLIDATED SERVICE REVENUES 2016 2017 2018 2019 2016 2017 2018 2019*

SLIDE 26

Reconciliation of Net Income and Core Net Income

Appendix 3

26

* Globe adopted PFRS 9 and 15 beginning 2018 and PFRS 16 beginning 2019. (in Million Pesos) 2Q19 2Q18 % Change 1Q19 % Change Reported Net Income After Tax 5,317 5,295 0% 6,730

• 21%

Deferred Tax on Unexercised Stock Options #DIV/0! #DIV/0! Add (deduct) Forex loss (gain) (37) (75)

• 50%

1

• 2959%

Other Adjustments – (including

• acc. depreciation)

11 163

• 93%

(0)

• 14123%

Core Net Income 5,291 5,383

• 2%

6,731

• 21%

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HOME BROADBAND

• Subscribers estimated at 3.9 million (Globe up 21% YoY and PLDT/Smart flat YoY)

MOBILE

• Cellular SIM penetration for 2Q19 at 147% totaling ~ 160.5 million subscribers (up 30% YoY). Multi-SIM incidence is at

16% as of 2Q19.

• Subscriber penetration estimated at approximately 95% of addressable population as of 2Q19

Philippine Mobile and Broadband Revenues and Subscribers Appendix 4

27

24.6 24.8 25.4 24.1 24.6 24.6 25.8 26.9 27.6 21.3 20.9 20.8 20.0 20.3 20.2 20.5 20.5 21.5 45.9 45.7 46.1 46.8 47.7 47.4 49.0 47.4 49.1

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

Quarterly Mobile Revenues

in Php Billions

Globe Smart Total

59.7 59.3 60.7 63.3 65.1 65.4 74.1 83.5 92.9 58.7 58.2 58.3 58.1 58.5 58.0 60.5 63.9 67.5 118.4 117.5 119.0 121.4 123.7 123.4 134.6 147.4 160.4

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

Quarterly Mobile Subscribers

in Millions

Globe Smart Total 3.4 3.5 3.5 3.8 3.9 4.3 4.5 4.7 4.8 4.9 5.3 5.5 6.5 6.8 6.6 6.8 6.9 7.0 8.3 8.8 8.9 10.3 10.7 10.9 11.3 11.5 11.8 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

Quarterly Home Broadband Revenues

in Php Billions

Globe Smart Total

1.2 1.3 1.3 1.4 1.5 1.5 1.6 1.7 1.8 1.8 1.9 2.0 2.0 2.0 2.1 2.0 2.0 2.0

3.1 3.2 3.3 3.4 3.5 3.6 3.6 3.7 3.9 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

Quarterly Home Broadband Subscribers

in Millions

Globe Smart Total

SLIDE 28

Factoids on the Filipino Youth

Source: 2013 survey conducted by the UP Population Institute and featured in the Philippine Star

Appendix 5

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Appendix 6

Step 1: Choose your plan: Create your Globe Postpaid Plan in 2 easy steps Step 2: Build your plan:

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Appendix 7 Globe Broadband Plans: Make your home more wonderful. Watch

movie marathons, listen to concerts, and play epic adventures

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Appendix 8

Cell Site Density: Philippines vs Other Asian Countries

31

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Appendix 9

Globe At Home Prepaid WiFi

Whether it's for work or for leisure, you deserve a quick and reliable home internet connection. Look no further because Globe At Home Prepaid WiFi is finally here! With its improved WiFi connection, wide internet coverage, and ready-to-use freebie and features, your home online experience will never be the same again. Load, track, and manage your Prepaid WiFi with the Globe At Home App!

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Disclaimer

This presentation contains certain forward-looking

• statements. These forward-looking statements generally can

be identified by the use of statements that include words or phrases such as Globe or its management “believes,” “expects,” “anticipates,” “intends,” “plans,” “foresees,” or

• ther words or phrases of similar import. Similarly,

statements that describe Globe’s objectives, plans or goals are also forward-looking statements. All such forward- looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements.

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