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SECRegistrationNo．PWOOOO1177 CompanyName　GLOBETEL �COMiNC． 渇くions tjon

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G L O B E T E L E C O M , I N C .

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Total No. Of Stockholders

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S T A M P S

ROSEMARIE MANIEGO-EALA 797-2000

To be accomplished by SEC Personnel concerned

LCUFile Number

Amended Articles Number/Section

Total Amount of Borrowings

Domestic Foreign

Fiscal Year

Year

Annual Meeting

Secondary License Type, if Applicable

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(Business Address: No. Street City / Town / Province)

Contact Person Company Telephone Number

COVER SHEET

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Re：　BriefingPresentationMaterjals

Globe Telecom, Inc.

2Q16 Analysts’ Briefing3 August 2016 | The Globe Tower

2

9.0Net Income

Php billion

25.6EBITDA

Php billion

• 2Q16 and 1H16 YoY increases are

driven primarily by data-related

revenues (mobile data, home

broadband and corporate data)

• 1H16 YoY increases driven by higher

revenues, overcoming increases in

subsidy and operating expenses

• Strong YoY growth in EBITDA able to

outpace depreciation charges and

non-operating expenses

Performance Highlights

59.6Service Revenues

Php billion

4.6Net Income

Php billion

+3%vs 2Q15

+8%vs 2Q15

29.7Service Revenues

Php billion

12.5EBITDA

Php billion

+7%vs 2Q15

2Q161H16

+11%YoY

+13%YoY

+3%YoY

Revenue growth remains broad-based

mobile home broadband fixed line voicecorporate data total

+9%56.2million

mobile subscribers

+6%1.1million

home broadband subscribers

-1%

+3%

+47%

+49%

+56%

+55%

+28%

+29%

+8%

+11%

2Q16vs.

2Q15

YE15 1H16 YE15 1H16

1H16vs.

1H15

61.3million

1.13million

3

Data remains key growth driver: Demand for connectivity prevalent across mobile, home broadband, and corporate data

mobile data revenues

home broadband revenues corporate data revenues

+33%vs 2Q158.6

Php billion17.8

Php billion

+46%vs 1H15

+47%vs 2Q153.5

Php billion7.0Php billion

+49%vs 1H15

+56%vs 2Q152.5

Php billion4.9Php billion

+55%vs 1H15

50%

Total data

revenues now

comprise

50% of total

revenues vs

37% in 1H15

2Q16 1H16 1H16

2Q16 1H16 2Q16 1H16

4

New partnerships, products and devices aimed to further seed data adoption and the digital lifestyle

37% 44%+7ppts

1H161H15

Globe sustains its edge as the digital lifestyle brand with new content

partners, Globe Studios and Globe LiveMDS users as a % of mobile subscribers

wireless data traffic1H161H15

New Apple iPhone SE Bigger better GoSURF50 offers

even greater value

+35%112 151Petabytes Petabytes

Launch of Globe Switch app

5

Globe’s ongoing roll-out of LTE service using the 700 and 2500 MHz frequencies addresses the public’s clamor for faster and better mobile internet service

• Last May 30, Globe acquired SMC’s telecommunications assets, which include the 700 and 2500

MHz frequencies.

• Consistent with strategies to improve internet services, Globe is fast-tracking the rollout of

LTE service nationwide using the 700 and 2500 MHz frequencies under an NTC-approved co-

use agreement.

• Globe to activate a minimum of 500 cell sites nationwide this year using the 700 MHz

frequency, which is ideal for LTE deployment due to its longer reach and better indoor

penetration qualities.

• Globe has so far deployed over 80 700MHz cell sites nationwide and over 600 2600MHz cell

sites in the Visayas and Mindanao regions to cover big businesses and highly urbanized

populated areas.

6

Taking stock of our challenges and successes so far as we gear up for the second half of 2016

Challenges

• Market competition fiercer than ever, with the incumbent gearing to take back market

share

• Voice and SMS revenues continue to soften, with the increasing scale of mobile data

adoption expected to accelerate shift from core services to data

• Stabilization of back-office and billing systems

Successes

• Globe remains the preferred brand for the Filipino digital lifestyle

• New frequencies to strengthen data network quality by providing faster speeds and more

capacity, thus paving way for more growth

• New partnerships with best of breed internet and content companies

• Gains in home broadband and corporate data, with more to come

• Corporate culture of customer care as a compelling competitive advantage

7

Financial Highlights

Consolidated Financial Highlights

(in Php Mn) 1H 2016 1H 2015 YoY % 2Q16 1Q16 QoQ%

Gross Service Revenues 59,569 53,830 11% 29,702 29,867 -1%

OPEX & Subsidy* (33,971) (31,115) 9% (17,171) (16,800) 2%

EBITDA 25,598 22,715 13% 12,531 13,067 -4%

EBITDA Margin 43% 42% 42% 44%

Depreciation (11,458) (9,096) 26% (5,243) (6,215) -16%

EBIT 14,140 13,619 4% 7,288 6,852 6%

Non-Operating Charges (1,353) (1,104) 23% (776) (577) 34%

Net Income 8,974 8,710 3% 4,639 4,335 7%

Core Net Income** 8,837 8,629 2% 4,652 4,185 11%

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

9

The 13% growth in EBITDA YoY resulted from P5Bn revenue growth, slightly offset

by increases in OPEX mostly from network and staff costs

YoY Change

in EBITDA(in Php Millions) 22,715 25,598

5,739

-223

-

- -

111 1,087 1,407 474

6M15 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

6M16 EBITDA

+13%

QoQ Change

in EBITDA(in Php Millions)

13,067

12,531

--

-23

- 248

-

-

165 203

-63

376 -

1Q16 EBITDA Dec. in

Revenues

Inc. in

Interconnect

Charges

Dec. in Staff

Costs

Inc. in

Marketing &

Subsidy

Inc. in Network

Costs

Dec. in

Provisions,

Services &

Other OPEX

2Q16 EBITDA

-4%

Slightly lower quarterly revenue coupled with increased interconnect and network

costs contributed to a 4% decline in EBITDA QoQ

10

9% 15% 15% 15% 12%9%

15% 10% 8% 9%

50% 36%27% 30%

11%

32% 35%49% 48%

68%

2012 2013 2014 2015 6M16

Business Support Others Core Data

29.1

21.2

32.1

17.0

2013 2014 2015 6M16

CAPEX* (in Php Bn)

* Based on FX rate of Php46.84

Capital expenditures at approximately Php17 Billion or USD 370.4 Million*,

with majority of the investments related to data requirements

11

65,276 72,229 88,136

2014 2015 6M16

1.2 1.22

1.41

2014 2015 6M16

1.66

1.51

1.74

2014 2015 6M16

Gross Debt(in Php Millions)

Gross Debt at Php 88.1 Billion, comfortably within covenant ratios

Gross D/E Ratio(Covenant = 2:1)

Gross Debt/EBITDA(Covenant = 3:1)

Consent Solicitation Exercise for Globe Bonds

• Globe to secure consent for the amendment of the Trust

Indentures of the relevant Issues (the “Proposed

Amendment”).

• The Proposed Amendment seeks to amend the Trust

Indenture, to increase the maximum consolidated Debt-

to-Equity ratio to 2.5:1 from the current 2:1

• The Proposed Amendment aims to provide the

needed flexibility to follow-through with its data-

related programs and commitments on improved

service quality

• It is also meant to align our covenants with

regional telecom peers

Increase in debt is due to Php12.9bn in short-term loans availed in 2Q16 for the SMCacquisition

12

Cash Dividend per

Common Share: Php22.00

Record Date: August 16, 2016

Payment Date: September 1, 2016

3Q16 Dividends 2016 Total Shareholder Return

Div Yield Share Price

Appreciation

TSR

3.9%**

21.5% 25.4%

** Based on closing share price of Php2,252 as of August 1, 2016

3Q16 Cash Dividend and Total Shareholder Return

Up 6% YoY andrepresents ~77% of2015 Core Net Incomeon an annualized basis

13

Appendix 1

Historical Consolidated Gross / Net Service Revenues and EBITDA Margin

(In Million Pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

Mobile 19,346 20,382 20,874 21,959 21,635 22,826 23,052 23,730 23,064 22,679

Mobile Voice 8,710 8,738 8,530 9,016 9,191 9,556 9,315 9,065 8,181 8,471

Mobile SMS 7,044 7,271 7,332 7,675 6,807 6,757 6,641 6,192 5,763 5,577

Mobile Data 3,591 4,373 5,012 5,269 5,636 6,513 7,096 8,472 9,120 8,631

Fixed Line & Broadband 3,884 4,082 4,132 4,365 4,585 4,784 6,475 6,589 6,803 7,023

Home Broadband 1,900 2,024 2,084 2,185 2,300 2,419 3,127 3,474 3,481 3,549

Corporate Data 1,319 1,313 1,365 1,483 1,543 1,603 2,349 2,200 2,367 2,496

Fixed Line Voice 665 745 683 696 742 762 999 916 955 978

Total 23,230 24,464 25,006 26,324 26,220 27,610 29,527 30,319 29,867 29,702

EBITDA 8,796 10,281 10,681 9,513 11,043 11,672 12,073 11,170 13,067 12,531

EBITDA Margin 38% 42% 43% 36% 42% 42% 41% 37% 44% 42%

(In Million Pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

Net Service Revenues 21,173 22,292 23,044 24,086 23,904 25,280 27,294 28,190 27,590 27,222

Interconnection Settlement

Costs2,057 2,173 1,962 2,238 2,316 2,330 2,233 2,129 2,277 2,480

2016

2016

CONSOLIDATED SERVICE REVENUES

2014 2015

2014 2015

15

Appendix 2

Restated figures for Subscribers, Net adds, Churn Rate and Gross APRU for the Mobile Segment

Note: Starting 1Q16, Globe mobile revenues include revenues from mobile cellular and fully-mobile broadband. Home broadband would refer to

fixed broadband services, including wired and wireless solutions. All figures above have been restated.

Subscribers 1Q 2Q 3Q 4Q 1Q 2Q

Globe Postpaid 2,458,045 2,517,215 2,561,290 2,597,027 2,564,148 2,521,218

Globe Prepaid 22,214,373 23,287,012 24,391,990 25,915,096 25,452,193 27,381,884

TM 23,745,018 25,195,520 26,130,002 27,670,555 29,249,341 31,408,346

Total 48,417,436 50,999,747 53,083,282 56,182,678 57,265,682 61,311,448

Net Adds 1Q 2Q 3Q 4Q 1Q 2Q

Globe Postpaid 9,361 59,170 44,075 35,737 (32,879) (42,930)

Globe Prepaid 1,071,443 1,072,639 1,104,978 1,523,106 (462,903) 1,929,691

TM 1,248,151 1,450,502 934,482 1,540,553 1,578,786 2,159,005

Total 2,328,955 2,582,311 2,083,535 3,099,396 1,083,004 4,045,766

Churn Rate 1Q 2Q 3Q 4Q 1Q 2Q

Globe Postpaid 3.5% 2.9% 3.3% 3.2% 3.7% 3.7%

Globe Prepaid 5.9% 6.2% 6.1% 5.2% 7.7% 5.7%

TM 6.7% 6.6% 6.8% 6.1% 6.1% 6.0%

Blended 6.1% 6.2% 6.3% 5.5% 6.7% 5.8%

Gross ARPU 1Q 2Q 3Q 4Q 1Q 2Q

Globe Postpaid 1,116 1,130 1,088 1,122 1,099 1,177

Globe Prepaid 128 130 124 117 116 126

TM 74 76 73 70 65 63

Blended 153 154 146 141 135 140

2015

2015

2015

2015

2016

2016

2016

2016

16

Appendix 3

Reconciliation of Net Income to Core Net Income

(in Million Pesos) 2Q16 2Q15 % Change 1Q16 % Change

Reported Net Income After Tax 4,639 4,507 3% 4,335 7%

Deferred Tax on Unexercised

Stock Options(6) (50) -89% (28) -80%

Add (deduct) Forex loss (gain) 27 (13) -309% (174) -115%

Other Adjustments –

(including acc. depreciation)(8) 4 -303% 52 -115%

Core Net Income 4,652 4,448 5% 4,185 11%

17