Annual Shareholders Meeting

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Annual Shareholders Meeting September 2009
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GLOBAL ECONOMIC CLIMATE

• Global indices had bottomed out in January 2009
  and are experiencing a slow recovery.
• The worst financial crisis in the last 50 years.
• Massive Bailout packages
• USA ( 825 B), UK (50 B), China (586 B),
  Germany (72 B)
• Unprecedented Levels of unemployment in the first
  world.
• World Economy now on the road to recovery

GDP Growth in 2009 GDP Growth in 2009 GDP Growth in 2009
  Q1 Q2
China 6.10 7.90
US -5.70 -1
UK -1.50 -0.80
India 6.10 6
Philippines 0.40 1.50
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IPVGs Corporate Strategy for 2008-2009

• Mitigate risks from global expansion and
  investment programs
• Redefine core businesses that are high growth and
  high margin, where IPVG has a strategic
  differentiator
• Sell non-core businesses to streamline corporate
  focus
• Raise cash, reduce debt and strengthen balance
  sheet
• Maintain growth and profitability of core
  businesses

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2009 FIRST HALF RESULTS (with Year-on-Year
Comparison)
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H1 2009 vs. H1 2008
For Six Months Ended June 30
    2009 2008 Difference
    (Php) (Php)  
Revenues (Gross) 787,308,868 776,632,393 1.4
Revenues (Net) 762,211,959 738,501,060 3.2
Gross Profit 404,127,897 358,707,295 12.7
Expenses 376,086,624 328,637,420 14.4
Income from Operations 28,041,273 30,069,874 -6.7
EBITDA 86,692,330 76,720,932 13.0
NIBT 24,322,367 54,789,762 -55.6
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Quarter on Quarter growth (Q2 Q1 ,2009)
For Three Months Ended

• Strong focus on growth and profitability
• Optimized efficiency to manage costs.

  June 30 2009 March 31 2009 Difference
  (Php) (Php)  
Revenues (Gross) 414,302,038 373,006,830 11.1
Revenues (Net) 402,603,053 359,608,906 12.0
Gross Profit 214,785,526 189,342,371 13.4
Expenses 193,532,272 182,554,352 6.0
Income from Operations 21,253,254 6,788,019 213.1
EBITDA 46,342,023 40,350,307 14.8
NIBT 14,579,305 9,743,062 49.6
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H1 2009 Revenue Contribution of Business Units
  Revenues (Php)
Communications 557,793,687
Content 121,771,746
BPO/KPO 85,170,339
CO/Eliminations (2,523,813)
Total 762,211,959
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Major Announcements

• Php.300m equity line from GEM.
• Sale of IPC Pte. (Singapore Data Center)
• US 22m sale of Call Center business to PCCW
• USD 10m equity line for IP- E Games.

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New Corporate Structure
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Key takeaways

• IPVG showing improved financial performance
  through revenue and profit growth
• Closed major investment deals despite challenging
  macro-environment (Gem, PCCW)
• We are focused on ending 2009 with a more focused
  business model, a strengthened balance sheet
  (more cash, less debt), and strong prospects for
  2010 and 2011 through launch of new products and
  services in our key lines of business.

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Thank YouFor additional information please
contact Enrique_at_ipvg.com