Slide 1: Analysts' Briefing FY2016 Results
ANALYSTS’ BRIEFING FY2016 Results March 17, 2017
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 2016 2015 Inc/ (Dec) % Change REVENUES Banking 29.11 26.60 2.51 9% Beverage 10.93 10.39 0.54 5% Distilled Spirits 14.90 12.00 2.90 24% Property Development 2.85 2.48 0.37 15% Tobacco 0.00 0.00 - -- Total Revenues 57.79 51.47 6.32 12% Cost of
Slide 3: Net Income by Segment
Net Income by Segment (In Php Millions) Net Income LTG's Share in Net Income Y-o-Y Change Segment 2016 2015 2016 % to total Inc/(Dec) % 2015 % to total Banking 7,382 6,769 4,140 44% 424 11% 3,716 56% Tobacco 2,592 1,040 2,582 27% 1,546 149% 1,036 16% Beverage 1,755 1,099 1,753 19% 655 60% 1,098 17%
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2016 2015 Inc/(Dec) % Change Cash 174.7 137.6 37.1 27.0% Total Assets 829.1 750.2 78.9 10.5% Total Liabilities 650.5 579.9 70.6 12.2% Total Equity 178.6 170.2 8.4 4.9% D-E Ratio 3.64 3.41 0.23 6.9% D-E Ratio (w/o bank) 0.15 0.13 0.02 15.
Slide 5: Banking Income Statement
Income Statement (In Php Millions) 2016 2015 Inc/(Dec) % Balance Sheet As of As of Net Interest Income (In Php Billions) Dec '16 Dec '15 Interest Income 24,354 21,719 2,635 12% COH & Due from Banks 171 135 Interest Expense 4,808 4,090 718 18% AFS Investments 67 68 19,546 17,629 1,917 11% Loans and R
Slide 6: Tobacco Income Statement
Income Statement (In Php Millions) 2016 2015 Inc/(Dec) % New Products/Launches: Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 2,593 975 1,618 166% 2,593 975 1,618 166% Operating Expenses 153 141 12 9% Operating Income 2,440 834 1,606 193% Other Inc./(Ch
Slide 7: Beverage Income Statement
Income Statement (In Php Millions) 2016 2015 Inc/(Dec) % Segment Revenue 11,850 11,398 452 4% New Products: Cost of Sales 7,819 7,384 435 6% Gross Profit 4,031 4,014 17 0% Gross Profit Margin 34% 35% -1%pt Operating Expenses 2,218 1,982 236 12% Operating Income 1,813 2,032 (219) (11%) Other Inc./(Ch
Slide 8: Distilled Spirits Income Statement
Income Statement (In Php Millions) 2016 2015 Inc/(Dec) % Sales Volume (liquor) 16.916 16.519 0.397 2% Sales Volume (bio, ltr) 38.548 - 38.548 Segment Revenue 15,014 12,117 2,897 24% Cost of Sales 12,293 9,831 2,462 25% Gross Profit 2,721 2,286 435 19% Gross Profit Margin 18% 19% -1%pt OPERATING EXPE
Slide 9: Property Development Income Statement
Income Statement (In Php Millions) 2016 2015 Inc/(Dec) % Segment Revenue Residential 1,553 1,312 241 18% Leasing 1,278 1,173 105 9% Cost of Sales Residential 1,089 953 136 14% Leasing 254 227 27 12% Gross Profit Residential 464 359 105 29% Leasing 1,024 946 78 8% Centris Cyberpod Five Gross Profit M