Slide 1: Analysts' Briefing: Audited FY2018 Financial Results
ANALYSTS’ BRIEFING Audited FY2018 Financial Results March 18, 2019
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) FY18 FY17 Inc/ (Dec) % Change REVENUES Banking 40.17 31.84 8.33 26.2% Beverage 14.13 12.95 1.18 9.1% Distilled Spirits 18.06 16.70 1.36 8.1% Property Development 3.20 2.23 0.97 43.5% Tobacco - - - -- Total Revenues 75.56 63.72 11.84 18.6% Co
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 FY18 FY17 FY18 % to total Inc/(Dec) % FY17 % to total Tobacco 8,751 4,403 8,716 54% 4,331 99% 4,385 40% Banking 9,777 8,557 5,468 33% 642 13% 4,826 45% Distilled Spirits 909 631 890 5% 259 41% 631 6% Pr
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2018 2017 Inc/(Dec) % Change Cash 176.5 174.0 2.5 1.4% Total Assets 1097.8 917.1 180.7 19.7% Total Liabilities 866.6 721.8 144.8 20.1% Total Equity 231.2 195.3 35.9 18.4% D-E Ratio 3.75 3.70 - D-E Ratio (w/o bank) 0.14 0.15 (0.0) 4
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 2018 2017 Inc/(Dec) % New Products: Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 8,462 4,367 4,095 94% 8,462 4,367 4,095 94% Operating Expenses 124 141 (17) (12%) Operating Income 8,338 4,226 4,112 97% Other Inc./(Cha
Slide 6: Income Statement (Banking)
Income Statement Balance Sheet As of As of (In Php Millions) 2018 2017 Inc/(Dec) % Net Interest Income (In Php Billions) Dec '18 Dec '17 Interest Income 36,019 27,572 8,447 31% COH & Due from Banks 172 171 Interest Expense 9,011 5,552 3,459 62% AFS Investments* 52 70 27,008 22,020 4,988 23% Loans an
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 2018 2017 Inc/(Dec) % New Product: Sales Volume (liquor) 20.126 19.515 0.611 3% Sales Volume (bio, ltr) 36.263 30.653 5.610 18% Segment Revenue 18,134 16,794 1,340 8% Cost of Sales 14,846 14,077 769 5% Gross Profit 3,288 2,717 571 21% Gross Profit Margin 18% 16% +2
Slide 8: Income Statement (Property Development)
Income Statement (In Php Millions) 2018 2017 Inc/(Dec) % Segment Revenue New Projects: Residential 1,704 845 859 102% Leasing 1,495 1,388 107 8% Cost of Sales Eton Square Ortigas Residential 1,209 500 709 142% Leasing 374 308 66 21% Gross Profit Residential 495 345 150 43% Leasing 1,121 1,080 41 4%
Slide 9: Income Statement (Beverage)
Income Statement (In Php Millions) 2018 2017 Inc/(Dec) % New Products: Segment Revenue 15,095 13,893 1,202 9% Cost of Sales 10,995 9,592 1,403 15% Gross Profit 4,100 4,301 (201) (5%) Gross Profit Margin 27% 31% -4%pts Operating Expenses 2,361 2,413 (52) (2%) Operating Income 1,739 1,888 (149) (8%) E