Lt Group, Inc. · PSE:LTG
Lt — 9M 2022 Earnings Presentation
9 slides from Lt's earnings presentation, Nov 11, 2022
Slide 1: Analysts' Briefing Nine Months 2022 Financial Results
ANALYSTS’ BRIEFING Nine Months 2022 Financial Results November 11, 2022
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 9M22 9M21 Inc/ (Dec) % Change REVENUES Banking 36.31 37.07 (0.76) (2.1%) Beverage 11.65 9.54 2.11 22.1% Distilled Spirits 21.89 18.84 3.05 16.2% Property Development - - - Tobacco 1.49 1.49 - Total Revenues 71.34 66.94 4.40 6.6% Cost of Sale
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 9M22 9M21 9M22 % to total Inc/(Dec) % 9M21 % to total Tobacco 12,044 13,319 11,996 59% (1,270) -10% 13,266 133% Banking 11,487 24,436 6,458 32% (7,311) -53% 13,769 138% Distilled Spirits 860 1,004 855 4
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Sep '22 Dec '21 Inc/(Dec) % Change Cash 210.6 265.1 (54.5) (20.6%) Total Assets 1,272.1 1,311.8 (39.8) (3.0%) Total Liabilities 996.1 1,048.3 (52.2) (5.0%) Total Equity 276.0 263.5 12.5 4.7% D-E Ratio 3.68 3.98 (0.30) D-E Ratio (w/o bank
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 9M22 9M21 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 12,053 13,405 (1,352) (10%) 12,053 13,405 (1,352) (10%) Operating Expenses 158 117 41 35% Operating Income 11,895 13,288 (1,393) (10%) Other Inc./(Cha
Slide 6: Income Statement (Banking)
Income Statement (In Php Millions) 9M22 9M21 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income Interest Income 32,292 31,525 767 2% (In Php Billions) Sep '22 Sep '21 Dec '21 Interest Expense 5,515 5,770 (255) (4%) COH & Due from Banks 209 228 264 26,777 25,755 1,022 4% FA at FVTOCI (AF
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 9M22 9M21 Inc/(Dec) % Sales Volume (liquor) 18.334 16.699 1.635 10% Sales Volume (bio, ltr) 44.697 40.925 3.772 9% Segment Revenue 21,933 18,926 3,007 16% Cost of Sales 19,629 16,539 3,090 19% Gross Profit 2,304 2,387 (83) (3%) Gross Profit Margin 11% 13% -2%pts OP
Slide 8: Income Statement (Beverage)
Income Statement (In Php Millions) 9M22 9M21 Inc/(Dec) % Segment Revenue 12,434 10,135 2,299 23% Cost of Sales 9,750 7,587 2,163 29% Gross Profit 2,684 2,548 136 5% Gross Profit Margin 22% 25% -3%pts Operating Expenses 2,046 1,878 168 9% Operating Income 638 670 (32) (5%) Equity in net income 50 40
Slide 9: Income Statement (Property Development)
Income Statement (In Php Millions) 9M22 9M21 Inc/(Dec) % Segment Revenue Residential - 86 (86) (100%) Leasing 1,303 1,206 97 8% Cost of Sales Residential - 31 (31) (100%) Leasing 395 327 68 21% Gross Profit Residential - 55 (55) (100%) Leasing 908 879 29 3% Gross Profit Margin Residential - 64% -64%