PLDT, Inc. (NYSE:PHI) Q1 2023 Earnings Conference Call May 4, 2023 3:30 AM ET

Company Participants

Melissa Vergel de Dios - Chief Sustainability Officer and Head of Investor Relations

Alfredo Panlilio - President and Chief Executive Officer

Jeremiah De La Cruz - Senior Vice President

Danny Yu - Chief Finance Officer

Shailesh Baidwan - President, Voyager Innovations and PayMaya Philippines

Francis Bautista - Vice President

Marilyn Victorio-Aquino - Senior Vice President, Chief Legal Counsel and Corporate Secretary

Conference Call Participants

Arthur Pineda - Citi

Hussaini Saifee - UBS

Aishwarya VR - JPMorgan

Melissa Vergel de Dios

Good afternoon and thank you for joining us today to discuss the company's financial and operating results for the first quarter of 2023. A 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. Podcast of this event will be available on our website after the call. QR codes for the presentation, the MD&A, FS and the podcast are on the screen and in the confirmation notices e-mailed to you.

In today's presentation, we have with us our Chairman, Mr. Manny Pangilinan; Al Panlilio, our President and CEO; Mr. Danny Yu, our newly appointed Chief Finance Officer; Attorney Marilyn Aquino, our CorSec and Chief Legal Officer; Mr. Shailesh Baidwan, President of Voyager Innovations and PayMaya Philippines as well as other members of the PLDT management.

At this point, let me turn the floor over to Mr. Panlilio to begin the presentation.

Alfredo Panlilio

Thank you, Melissa. Good afternoon to all and thank you for joining us today. I'm happy to report the first quarter result. But as you all know, the first quarter has been very tough for us, challenges that we had in the first quarter that we would do resolve at the end of the first quarter.

In [indiscernible] I think last year, we also defined our purpose. I think first time we'll be able to find our process PLDT Smart. I just wanted to share that, we are a Filipino company inspiring tradition and meaningful connections to generation. That has been the purpose that we define as management and working with the entire organization also.

We've also defined our vision and mission, as you can read them on the screen. Next page, please. So that purpose drives us in our key business priorities. We sustainably shape the market with innovation, with new products, even looking into new areas of business for PLDT. As we continue, obviously, to grow our core business, we continue to strengthen this, very healthy businesses that we have from Individual, Wireless, Home to Enterprise, EBITDA level still at the very healthy 52% margin in the first quarter compared to 51% ending 2022.