PLDT Inc (OTCPK:PHTCF)
$ 22.5 (0%) Market Cap: 4.86 Bil Enterprise Value: 10.52 Bil PE Ratio: 8.84 PB Ratio: 2.42 GF Score: 81/100

Q3 2024 PLDT Inc Earnings Call Transcript

Nov 12, 2024 / 07:30 AM GMT
Release Date Price: $25.05

Key Points

Positve
  • PLDT Inc (PHI) achieved a new high in net service revenues for the first nine months of 2024, reaching 144.9 billion, a 2% increase from the previous year.
  • Consolidated EBITDA increased by 3% to 80.7 billion, maintaining a steady margin of 52%.
  • The enterprise segment registered a 4% growth, driven by corporate data and ICT, which grew by 6%.
  • Fiber revenues, accounting for 92% of the home business, grew by 6% year on year.
  • Maya Bank, PLDT Inc (PHI)'s fintech investment, continues to be the Philippines' number one digital bank based on deposit balances, which grew by 52%.
Negative
  • Operating expenses remained stable at 64.2 billion, indicating no significant reduction in costs.
  • Financing costs increased due to a rise in the average interest rate by 50 basis points and additional loans.
  • Mobile revenue dipped sequentially, with a net reduction of 500,000 subscribers in the third quarter.
  • The competitive situation in the wireless space is challenging, with the market being oversubscribed.
  • PLDT Inc (PHI) is still in the process of selling a majority of its tower assets, with completion expected by next year.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TEL.PS - PLDT Inc
Q3 2024 PLDT Inc Earnings Call
Nov 12, 2024 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. And thank you for joining us today to discuss the company's financial and operating results for the nine months of 2024 copy of today's presentation is posted on our website. For those who have not been able to do so. You may download the presentation from www dot EDT dotcom under the investor relation section. Kindly note that this briefing is podcast to be available, the QR code for presentation on the screen and in the confirmation notices, email the link.

Joining us today is our Chairman Mr Mani, Ban CFO and Chief Risk Officer, Mr Danny Yu Marily Akino, our corporate secretary and chief legal counsel. And also here with us today is our new investor relations head, Mr Guo Grae, as well as other members of the PLD group's management
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