PLDT Inc. | CIK:0000078150 |

Wireless

Fixed Line

Others

Inter-segment Transactions

Consolidated

(in million pesos)

December 31, 2017

Revenues

External customers

92,534

67,389

3

—

159,926

Service revenues

87,351

63,811

3

—

151,165

Non-service revenues

5,183

3,578

—

—

8,761

Inter-segment transactions

1,301

10,952

13

(12,266

)

—

Service revenues

1,301

10,946

13

(12,260

)

—

Non-service revenues

—

6

—

(6

)

—

Total revenues

93,835

78,341

16

(12,266

)

159,926

Results

Depreciation and amortization

36,914

15,001

—

—

51,915

Asset impairment

6,155

2,098

5

—

8,258

Impairment of investments

439

1,583

540

—

2,562

Equity share in net earnings (losses)

   of associates and joint ventures

(129

)

44

2,991

—

2,906

Interest income

307

695

653

(243

)

1,412

Financing costs – net

2,260

5,106

201

(197

)

7,370

Provision for (benefit from) income tax

(2,784

)

3,680

207

—

1,103

Net income (loss) / Segment profit (loss)

(3,510

)

7,474

10,120

(618

)

13,466

Adjusted EBITDA

35,151

29,478

(63

)

1,608

66,174

Adjusted EBITDA margin

40

%

39

%

—

—

44

%

Core income

8,514

8,846

10,926

(618

)

27,668

Assets and liabilities

Operating assets

211,983

174,217

34,504

(37,856

)

382,848

Investments in associates and joint ventures

—

44,867

1,263

—

46,130

Deferred income tax assets – net

18,826

11,994

—

(354

)

30,466

Total assets

230,809

231,078

35,767

(38,210

)

459,444

Operating liabilities

153,622

196,451

13,624

(18,802

)

344,895

Deferred income tax liabilities – net

2,656

286

424

—

3,366

Total liabilities

156,278

196,737

14,048

(18,802

)

348,261

Other segment information

Capital expenditures, including capitalized

   interest

27,305

12,994

—

—

40,299

December 31, 2016

Revenues

External customers

103,447

61,806

9

—

165,262

Service revenues

99,115

58,086

9

—

157,210

Non-service revenues

4,332

3,720

—

—

8,052

Inter-segment transactions

1,467

10,922

11

(12,400

)

—

Service revenues

1,467

10,920

11

(12,398

)

—

Non-service revenues

—

2

—

(2

)

—

Total revenues

104,914

72,728

20

(12,400

)

165,262

Results

Depreciation and amortization

18,984

15,471

—

—

34,455

Asset impairment

9,284

1,758

—

—

11,042

Impairment of investments

134

—

5,381

—

5,515

Equity share in net earnings (losses) of

   associates and joint ventures

(237

)

(40

)

1,458

—

1,181

Interest income

270

707

306

(237

)

1,046

Financing costs – net

2,487

4,917

187

(237

)

7,354

Provision for income tax

(1,270

)

3,018

161

—

1,909

Net income / Segment profit

9,463

8,134

2,565

—

20,162

Adjusted EBITDA

32,661

26,950

(22

)

1,572

61,161

Adjusted EBITDA margin

32

%

39

%

—

—

39

%

Core income

11,402

7,746

8,709

—

27,857

Assets and liabilities

Operating assets

217,964

183,533

22,804

(33,388

)

390,913

Investments in associates and joint ventures

1,945

40,874

14,039

—

56,858

Deferred income tax assets – net

13,985

13,363

—

—

27,348

Total assets

233,894

237,770

36,843

(33,388

)

475,119

Operating liabilities

161,480

203,777

12,637

(14,879

)

363,015

Deferred income tax liabilities – net

2,923

384

260

—

3,567

Total liabilities

164,403

204,161

12,897

(14,879

)

366,582

Other segment information

Capital expenditures, including capitalized

   interest

32,097

10,728

—

—

42,825

December 31, 2015

Revenues

External customers

113,985

57,118

—

—

171,103

Service revenues

109,188

53,742

—

—

162,930

Non-service revenues

4,797

3,376

—

—

8,173

Inter-segment transactions

1,528

11,747

—

(13,275

)

—

Service revenues

1,528

11,733

—

(13,261

)

—

Non-service revenues

—

14

—

(14

)

—

Total revenues

115,513

68,865

—

(13,275

)

171,103

Results

Depreciation and amortization

17,218

14,301

—

—

31,519

Asset impairment

8,446

1,244

—

—

9,690

Impairment of investments

—

42

5,124

—

5,166

Equity share in net earnings (losses) of

   associates and joint ventures

(81

)

38

3,284

—

3,241

Interest income

308

620

99

(228

)

799

Financing costs – net

1,799

4,509

179

(228

)

6,259

Provision for income tax

2,763

1,656

144

—

4,563

Net income / Segment profit

15,434

6,193

448

—

22,075

Adjusted EBITDA

44,237

24,749

(59

)

1,291

70,218

Adjusted EBITDA margin

40

%

38

%

—

—

43

%

Core income

22,512

6,539

6,161

—

35,212

Assets and liabilities

Operating assets

217,317

190,856

18,504

(42,226

)

384,451

Investments in associates and joint ventures

2,208

12,922

33,573

—

48,703

Deferred income tax assets – net

8,249

13,692

—

—

21,941

Total assets

227,774

217,470

52,077

(42,226

)

455,095

Operating liabilities

171,131

182,085

12,149

(27,872

)

337,493

Deferred income tax liabilities – net

3,146

412

146

—

3,704

Total liabilities

174,277

182,497

12,295

(27,872

)

341,197

Other segment information

Capital expenditures, including capitalized

   interest

30,311

12,864

—

—

43,175