GROUP 4- MALICDEM, RONALD

ABON, ADRIAN

GARONG, AIZA

PLDT, INC.- 5 QUESTIONS ABOUT LONG-TERM CAPITAL STRUCTURE

1. What are considered high risk, high return debt instruments/liabilities that PLDT have for 2017?

2. Debt component @ 76% is way more than the equity component @ 26%, is this typical for the
industry that PLDT is in?

3. 2017 balances: Treasury stock @ Php 6.5 billion vs. Common Stock @ Php 4.2 billion

What would have been the case or why would PLDT repurchase its stock and not have it resold
considering its huge liabilities? Is the move merely driven by stock prices?

4. What is your opinion on SMART’s (PLDT) move regarding its issuance of “Perpetual Notes”
rather than issuing more of the fixed term bonds/notes?

5. What constitute a strong balance sheet? Does PLDT, Inc. exhibits a strong balance sheet looking
at the 2017 equity and non-current debt structure and considering some of its working capital
balances (Cash and AR vs. AP and Accrued expenses and other current liabilities)?