COVER SHEET - Globe Telecom · GLOBE TELECOM, INC. Exact Name of registrant as specified in its...
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Transcript of COVER SHEET - Globe Telecom · GLOBE TELECOM, INC. Exact Name of registrant as specified in its...
COVER SHEET
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U_L i i i i in(Company's Full Name)
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ROSEMARIE MANIEGO-EALA
Contact Person Company Telephone Number
Month DayFiscal Year
ELDSecondary License Type, if Applicable
03Month Day
Annual Meeting
Dept. Requiring this Doc.
Total No. Of Stockholders
Amended Articles Number/Section
Total Amount of Borrowings
Foreign
To be accomplished by SEC Personnel concerned
Remarks = pis. Use black ink for scanning purposes
SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17OF THE SECURITIES REGULATIONS CODE (SRC)
AND SRC RULE 17(a)-1(b)(3) THEREUNDER
4 November 2016Date of Report (Date of earlies
1177 |SEC Identification Number
GLOBE TELECOM, INC.Exact Name of registrant as specified in its charter
PHILIPPINESProvince, country or other juri
incorporation
27/F, The Globe Tower, 32iBonifacio Global City, TagAddress of principal office
r juris diction of Indi
32nd Street corner 7th Avenue,
(02) 797-2000Registrant's telephone numbei
Former name or former addres
10. Securities registered pursuant
Title of Each Class
COMMON SHARES..TOI^^@n!P.M(!!.?.P.?..!?!!..!?.?5?)...
event reported)
3- ...P99.:7.?M?M9PbTr fax identification Number
Hg^^^g .(SEC Use Only)Industry Classification Code
1634
Postal code
including area code
is, if changed since last report
to Sections 4 and 8 of the SRC
Number of Shares of Common StockOutstanding and Amount of Debt Outstanding
(as of September 30, 2016)132,758,588
90,723
Indicate the item numbers reported herein : P!?.?se re;
Re: Briefing Presentation Materials
Please refer to attached
Pursuant to the requirements! of the
caused this report to be signed on its pehalf \
ate : 4 November 2016
of the Securities Regulations Code, the registrant has dulyiehalf by the undersigned hereunto duly authorized.
GLOBE TELECOM, INC.Registrant
ROSEMARIE MANIEGO-EALAActing Chief Financial Officer
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+13%
-10%
+35%
+35%
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(in Php Mn)
9M16
Reported
9M15
Reported YoY %
VTI Impact
(9M16)
Yondu and
Bayan Impact
(9M15)
9M16
Normalized
9M15
Normalized YoY%
Gross Service Revenues 89,088 83,356 7% 89,088 83,356 7%
OPEX & Subsidy* (51,577) (48,569) 6% (51,577) (48,569) 6%
EBITDA 37,511 34,787 8% 37,511 34,787 8%
EBITDA Margin 42% 42% 42% 42%
Depreciation (17,401) (14,612) 19% (17,401) (14,612) 19%
EBIT 20,110 20,175 - 20,110 20,175 -
Non-Operating Charges (3,021) (384) 687% (684) 1,805 (2,337) (2,189) 7%
Provision for Income Tax (5,374) (5,647) -5% 43 (213) (5,417) (5,435) -
Net Income 11,716 14,144 -17% (641) 1,593 12,357 12,551 -2%
Core Net Income** 11,750 12,708 -8% 12,391 12,708 -2%
34,787 37,512
5,732
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938
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239 1,326 1,412
968
9M15 EBITDA Inc. in
Revenues
Inc. in
Interconnect
Charges
Inc. in Staff
Costs
Dec. in
Marketing &
Subsidy
Inc. in Network
Costs
Inc. in
Provisions,
Services &
Other OPEX
9M16 EBITDA
14,144
12,551 12,357
11,716
2,724
19 1,593
2,789
148 641
9M15 Reported
Net Income
Less: Gains on
Sale of Yondu
and Bayan in
9M15
9M15
Normalized Net
Income
Change in
EBITDA
Inc. in
depreciation
Inc. in BAU non-
operating
charges
Dec. in BAU tax 9M16 BAU Net
Income
Impact of VTI
transaction
9M16 Reported
Net Income
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(In Million Pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Mobile 19,346 20,382 20,874 21,959 21,635 22,826 23,052 23,730 23,064 22,679 22,517
Mobile Voice 8,710 8,738 8,530 9,016 9,191 9,556 9,315 9,065 8,181 8,471 8,752
Mobile SMS 7,044 7,271 7,332 7,675 6,807 6,757 6,641 6,192 5,763 5,577 5,704
Mobile Data 3,591 4,373 5,012 5,269 5,636 6,513 7,096 8,472 9,120 8,631 8,061
Fixed Line & Broadband 3,884 4,082 4,132 4,365 4,585 4,784 6,475 6,589 6,803 7,023 7,002
Home Broadband 1,900 2,024 2,084 2,185 2,300 2,419 3,127 3,474 3,481 3,549 3,661
Corporate Data 1,319 1,313 1,365 1,483 1,543 1,603 2,349 2,200 2,367 2,496 2,443
Fixed Line Voice 665 745 683 696 742 762 999 916 955 978 898
Total 23,230 24,464 25,006 26,324 26,220 27,610 29,527 30,319 29,867 29,702 29,519
EBITDA 8,796 10,281 10,681 9,513 11,043 11,672 12,073 11,170 13,067 12,531 11,913
EBITDA Margin 38% 42% 43% 36% 42% 42% 41% 37% 44% 42% 40%
(In Million Pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Net Service Revenues 21,173 22,292 23,044 24,086 23,904 25,280 27,294 28,190 27,590 27,222 27,158
Interconnection Settlement
Costs2,057 2,173 1,962 2,238 2,316 2,330 2,233 2,129 2,277 2,480 2,361
CONSOLIDATED SERVICE REVENUES
2014 2015
2014 2015 2016
2016
Subscribers 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Globe Postpaid 2,458,045 2,517,215 2,561,290 2,597,027 2,564,148 2,521,218 2,508,800
Globe Prepaid 22,214,373 23,287,012 24,391,990 25,915,096 25,452,193 27,381,884 29,409,827
TM 23,745,018 25,195,520 26,130,002 27,670,555 29,249,341 31,408,346 33,444,153
Total 48,417,436 50,999,747 53,083,282 56,182,678 57,265,682 61,311,448 65,362,780
Net Adds 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Globe Postpaid 9,361 59,170 44,075 35,737 (32,879) (42,930) (12,418)
Globe Prepaid 1,071,443 1,072,639 1,104,978 1,523,106 (462,903) 1,929,691 2,027,943
TM 1,248,151 1,450,502 934,482 1,540,553 1,578,786 2,159,005 2,035,807
Total 2,328,955 2,582,311 2,083,535 3,099,396 1,083,004 4,045,766 4,051,332
Churn Rate 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Globe Postpaid 3.5% 2.9% 3.3% 3.2% 3.7% 3.7% 3.1%
Globe Prepaid 5.9% 6.2% 6.1% 5.2% 7.7% 5.7% 5.3%
TM 6.7% 6.6% 6.8% 6.1% 6.1% 6.0% 5.2%
Blended 6.1% 6.2% 6.3% 5.5% 6.7% 5.8% 5.2%
Gross ARPU 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Globe Postpaid 1,116 1,130 1,088 1,122 1,099 1,120 1,142
Globe Prepaid 128 130 124 117 116 109 98
TM 74 76 73 70 65 61 57
Blended 153 154 146 141 135 128 119
HOME BROADBAND 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Revenues 2,300 2,420 3,126 3,474 3,481 3,549 3,661
Subscribers 779,590 826,001 1,026,466 1,068,920 1,101,189 1,136,608 1,147,951
Gross Adds 100,387 111,152 139,094 137,417 144,543 158,130 159,041
Churn Rate 2.7% 2.7% 3.6% 3.5% 3.4% 3.6% 4.2%
2015
2015
2015
2015
2015
2016
2016
2016
2016
2016
(in Million Pesos) 3Q16 3Q15 % Change 2Q16 % Change
Reported Net Income After Tax 2,742 5,434 -50% 4,639 -41%
Deferred Tax on Unexercised
Stock Options30 (1,205) -103% (7) -560%
Add (deduct) Forex loss (gain) 203 311 -35% 27 656%
Other Adjustments – (including
acc. depreciation)(61) (461) -87% (8) 656%
Core Net Income 2,913 4,078 -29% 4,652 -37%
