2Q18 Analysts’ Briefing8 August 2018 | The Globe Tower BGC

1H18 Performance:Momentum sustained, spurred by data

Service Revenues

EBITDA

Net Income After Tax

Cash Dividend

67.368.3

32.5

9.8

22.75

Pre-PFRS Post-PFRS

PhpBn

PhpBn

PhpBn

+9%YoY

+19%YoY

+21%YoY

Revenue growth on the back of strongperformance in data-related products

EBITDA gains from higher revenue andmanaged costs; EBITDA margin at 48%

NIAT benefits from EBITDA gains despitehigher depreciation and non-op charges

PhpBn

33.0PhpBn

10.1PhpBnPhp/sh

Record date: August 24, 2018Payment date: September 6, 2018

2

MobileHome

BroadbandFixed Line

VoiceCorporate

DataTotal

1H18 vs 1H17(pre-PFRS)

+9% +12% +9% -17% +9%Mobile Subscribers Home Broadband Subscribers

+9%59.7million

65.1million

1H17 1H18

Postpaid Prepaid TM

Market continues to shift out of traditional services and towards data-related products

+22%1.2million

1.5million

1H17 1H18

Wireless Wired

3

Data-related businesses account for 58% of total service revenues

Mobile Data* Corporate Data*Home Broadband*

+26%YoY25.6PhpBn 8.7PhpBn 5.5PhpBn

+12%YoY +9%YoYData Revenues as a % of Total Service Revenues

58%53%1H17 1H18

+5ppt 54%of mobile subscriber

base

2801H17 1H18

+39%

Petabytes

390Petabytes

Mobile Data Traffic Mobile Data Users

*Pre-PFRS

+8%YoY

4

New products and services geared for the Filipino digital lifestyle

GCash Scan-to-Pay now available in more partner merchants

Mynt Introduces GCredit and GScore, 1st Trust Score in PH

AlipayHK and GCash Launch Cross-border Remittance Service

Globe Labs, Nexmo Team Up to Deliver Powerful Voice Solutions for SEA Market

Free 6-Month Access to DisneyLife App

Launch of the ONE Championship Super App in the Philippines

5

Updates on strategic initiatives and guidance

Globe to bring 5G technology to the Philippines

Globe sets up new company for tower assets

USD 100M

Globe Board approves additional capex of

bringing 2018 CAPEX guidance to

USD 950M

Revised 2018 CAPEX guidance

6

Financial Highlights

1H18

(Pre-PFRS)1H17 YoY%

1H18

(Post-PFRS)

2Q18

(Post-PFRS)

1Q18

(Post-PFRS)QoQ%

Gross Service Revenues 68,261 62,901 9% 67,251 34,073 33,178 3%

OPEX and Subsidy (35,715) (35,642) - (34,205) (17,108) (17,097) 0%

EBITDA 32,546 27,259 19% 33,046 16,965 16,081 5%

EBITDA Margin 48% 43% 49% 50% 48%

Depreciation (14,573) (13,067) 12% (14,573) (7,288) (7,285) 0%

EBIT 17,973 14,192 27% 18,473 9,677 8,796 10%

Non-Op Charges (3,536) (2,477) 43% (3,536) (1,783) (1,753) 2%

Provision for Tax (4,654) (3,627) 28% (4,803) (2,441) (2,362) 3%

Net Income 9,784 8,088 21% 10,134 5,453 4,681 16%

Core Net Income 9,987 7,974 25% 10,337 5,540 4,797 16%

* OPEX & Subsidy includes interconnect charges** Core Net Income excludes forex, mark-to-market gains and losses, and non-recurring items

1H18 Performance:1H18 EBITDA Margin at 48%, Net Income up 21% YoY, and Core Net Income up 25% YoY

8

27,259 32,546

5,360 663 53 206 470 525

6M17 EBITDA Inc. in

Revenues

Dec. in

Interconnect

Charges

Dec. in Staff

Costs

Dec. in

Marketing &

Subsidy

Inc. in Network

Costs

Inc. in

Provisions,

Services &

Other OPEX

6M18 EBITDA

15,760

16,786

985 89 448 166 327 3

1Q18 EBITDA Inc. in

Revenues

Dec. in

Interconnect

Charges

Inc. in Staff

Costs

Inc. in

Marketing &

Subsidy

Dec. in

Network Costs

Inc. in

Provisions,

Services &

Other OPEX

2Q18 EBITDA

YoYPre-PFRS

(in Php Mn)

+19%

EBITDA growth of 19% driven by increase in revenues as well as decreased interconnect, staff, and marketing costs

QoQPre-PFRS

(in Php Mn)

+7%

9

4,456 5,328

1,026 3 30 121

1Q18 Net Income Change in EBITDA Inc. in

Depreciation

Inc. in Non-

operating

expenses

Inc. in Tax 2Q18 Reported

Net Income

8,088 9,784

5,287 1,506 1,059 1,026

6M17 Reported

Net Income

Change in EBITDA Inc. in

Depreciation

Inc. in Non-

operating

expenses

Inc. in Tax 6M18 Reported

Net Income

Gain in EBITDA tempered by higher depreciation, non-operating charges and taxes, resulting in 21% increase in net income.

10

YoYPre-PFRS

(in Php Mn)

QoQPre-PFRS

(in Php Mn)

+21%

+20%

Capital expenditures at approximately Php22.9 billion or USD439million, with 77% related to data requirements

2015 2016 2017 1H18

Data Business Support Core Others

CAPEX BREAKDOWNIn Php Bn

8%

30%

15%

48%

10%

14%

11%

65%

9%

2%

7%

82%

32.136.7

42.5

22.9

Data, 77%

Core, 1%

Others, 8%

Business Support, 14%

11

12

• The financial tests under Globe’s loan agreements include compliance with the following ratios:

• Total Debt-to-Equity not exceeding 2.5:1• Total Debt-to-EBITDA not exceeding 3:1• Debt Service Coverage exceeding 1.3x

*Post-PFRS

Debt levels remain within covenant ratios

22.75/sh

Cash Dividends

Rate per Common Share

Record date:

August 24, 2018

Payment date:

September 6, 2018

YTD June

2018*

YTD Dec

2017

Gross debt (in Php Bn) 134.0 131.5

Gross Debt-to-Equity 1.99x 1.98x

Gross Debt-to-EBITDA 2.24x 2.43x

Debt Service Coverage Ratio 2.96x 3.38x