PLDT Inc. (NYSE:PHI) Q3 2023 Earnings Call Transcript
PLDT Inc. (NYSE:PHI) Q3 2023 Earnings Call Transcript November 7, 2023
Melissa de Dios: Good afternoon, and thank you for joining us today, to discuss the Company's Financial and Operating Results for Nine Months of 2023. 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.pldt.com, under the Investor Relations section. Kindly note that this briefing is being recorded. A podcast of this event will be available on our website after the call. QR code for the presentation is on the screen, and the MD&A, FS and podcast will be made available after the call. For today's presentation, we have with us Mr. Al Panlilio, President and CEO of PLDT and Smart; Mr. Danny Yu, Chief Financial Officer and Chief Risk Officer; Marilyn Victorio-Aquino, our Corporate Secretary and Chief Legal Counsel; Mr. Shailesh Baidwan, President of Maya Philippines and Co-Founder of Maya Bank, as well as other members of the PLDT management team.
At this point, let me turn the floor over to Mr. Panlilio to begin the presentation.
An aerial view of a telecom tower, representing the company's dedication to communication services.
Al Panlilio: Thank you, Melissa. And good afternoon to all, and thank you for joining us this afternoon. And I'd like to start off the presentation with a few highlights of the business, and then I'll pass it on to Danny, for more detailed financial highlights report, and then to SB for Maya. Happy to report the first nine months performance for PLDT-Smart. Growth was made possible in nine months, 2023 performance. To start with, we have ₱142.3 billion or 1% growth in revenues, which are nine month high revenues for PLDT. We also had an all-time nine-month high for our EBITDA, of ₱78.4 billion, which counts for the same period of last year, able to maintain margin at 52%, EBITDA margin. Telco core have shown growth also, plus 2%, ₱26.1 billion for the period.
And also want to share the CapEx being managed down ₱55.3 billion versus ₱67.3 billion, of same period last year. So because of that, the Cap intensity gone down to 37% from a high of 46%. That's clear. And Page 2 next page. So, we are continuing to expand the network, countrywide. We improved - we increased our fiber footprint -- our domestic fiber footprint by 4%, and that's now up to almost 894,000 kilometers. And if you add the fiber optic of backbone of - in terms of our subsea it's about 1.1 million kilometer of fiber. Homes passed is ₱17.31 million, up from ₱16.78 million, last year. I'm also happy to report that there are no more device latched on to our network, passive return 74% growth. Now we have 3.64 million who are latched on to 5G devices environment network.
Jupiter Cable Systems, which we launched last year, and was also got certification for IS0 22301 BCMS. And just an update on the tower sales that we started about a year and a half ago, two years ago. We closed 1,319 closed towers as of November 3, generating proceeds of about ₱17.4 billion. And in total, from the first sale that we have, we've already completed, turnover 5,984 towers, equivalent to approximately ₱78 billion. Next page, please. Happy to report also - next page. The recognition that we've gotten as a group, both locally to back market - locally and globally. Ookla [ph] has rated Smart as the best in test, both upload speeds, download speeds, and latency experience, and has been a consistent winner since 2019. Time Magazine actually also put PLDT as the only Philippine telco named, and is ranked highest in sustainability among six cited Philippine companies, recently.
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