Slide 1: Company Presentation
15 August 2014 Company Presentation
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward looking statements with respect to the financial condition, results of operations and businesses of JG Summit Holdings, Inc. (JG Summit). Such forward looking statements involve known and unknown risks, uncertainties and other factors which may c
Slide 3: Key Milestones and Recent Developments
Key Milestones and Recent Developments Consolidated revenues Core net income Net income from went up by 17% to increases 31% to equity holders of the P88.5 billion due to the P10.3 billion. Parent rose 151% to strong performance of P13.0 billion, mainly major subsidiaries. due to equity take-up from
Slide 4: Growing Revenues & Earnings from Strong Operations
Growing Revenues & Earnings from Strong Operations 1H14 vs 1H13 Revenues 17% 160.0 147.6 135.6 140.0 EBITDA 31% 120.0 Core Net Income 31% 100.0 88.5 75.6 80.0 60.0 34.2 29.5 40.0 24.3 13.4 18.6 20.0 11.0 7.9 10.3 - 2012 2013 1H2013 1H2014 Revenues EBITDA Core Net Income 4
Slide 5: Strong Operating Performance
Strong Operating Performance Growth 1H 1H Growth 2012 2013 In Php Billions % 2013 2014 % Revenues 135.60 147.6 +9% 75.60 88.53 +17% Operating Income 20.97 24.28 +16% 13.87 18.93 +36% Market valuation gain/(loss) on FVPL 1.87 0.31 -83% (0.16) 0.35 +327% and derivatives Foreign Exchange gain/(loss) –
Slide 6: Diversified Income Portfolio
Diversified Income Portfolio Revenue Distribution Equity Earnings Breakdown in PhP billion in PhP billion Others* Bank Php6.3Bn Others* Php1.3Bn 7% URC Php2.2Bn 1% Php 3.4Bn 17% URC 27% Cebu Air Equity in Php45.7Bn Php26.7Bn 52% NI of Assoc. RLC 30% P3.8Bn Php1.4Bn Cebu Air 11% RLC 29% Php2.1Bn Php8
Slide 7: Solid Balance Sheet Position
Solid Balance Sheet Position Growth 2012 2013 2Q 2014 In PhP Billions % Cash* (inc Financial Assets and AFS Inv’ts) 41.31 41.76 45.51 +9% Total Assets 340.38 463.82 502.77 +8% Total Financial Debt** 81.08 122.38 163.06 +33% Total Liabilities 141.90 232.01 252.30 +9% Total Equity Stockholders’ Equity
Slide 8: Food
Food Revenues Market Share (in PhP billion) MARKET CATEGORY #1 #2 #3 SHARE 81.0 Snacks 39% URC 24% 8% 71.2 14% Candies 34% URC 12% 11% 69.2 60.5 Chocolates 24% URC 9% 8% 14% Biscuits 17% 34% 27% URC Cookies 28% URC 24% 12% Pretzels 41% URC 27% 11% Canned Beans 82% URC 8% 4% Cup Noodles 45% 48% URC 1
Slide 9: Food URC International
Food URC International Market Share (In PhP billion) Revenue EBIT THAILAND* 22.1 MARKET 20.2 CATEGORY #1 #2 #3 SHARE 9% 17.9 16.3 Biscuits 22% URC 11% 10% 10% 20% Wafers 24% URC 14% 11% 21% VIETNAM* 1.7 2.1 1.6 1.9 RTD Tea 38% 48% URC 4% 2012 2013 9M2013 9M2014 Source: AC Nielsen Retail Index June 2
Slide 10: Property
Property Revenues Hotels EBITDA Breakdown (in PhP billion) 9MFY2014: PhP 6.80bn Office Buildings Residential 15.9 Office Hotels 13.5 Commercial Centers Buildings Php0.4Bn Investment 18% 12.4 5% 13.1 Php1.1Bn 6% Commercia Portfolio: 82% 16% l Centers Residential Php4.1Bn Php1.2Bn 60% Development 18%
Slide 11: Airlines
Airlines Operational Highlights Revenues 2012 2013 1H Growth (in PhP billion) 2014 % Total Passenger Volume (m) 13.3 14.4 8.5 +13.8 8% Seat Load Factor 82.6% 81.9% 85.5% +0.1 41.0 37.9 Ave. Fare/Pax (PhP) 2,232 2,206 2,450 +7.9 26.7 Ancillary/Pax (PhP) 448 469 520 +10.4 21.7 23% Total Ave Yield/Pax
Slide 12: Core Investments
Core Investments Source: Company Filings Revenues Core Net Income (in PhpBillion) (in Php Billion) 285.3 298.6 16.3 17.0 141.7 132.2 9.2 9.9 2012 2013 1H2013 1H2014 2012 2013 1H2013 1H2014 Service Revenues Core Net Income (in Php Billion) (in Php Billion) 159.7 164.1 36.9 38.7 81.0 82.5 19.4 19.8 20
Slide 13: Other Businesses
Other Businesses Net Income (in PhP million) First Naptha Feed-In 452.3 390.6 379.5 • Currently in the process of starting up 16% the cracker, and have begun to introduce naphtha at reduced rates into the furnaces so as to test the 67% 125.6 operability of the interrelated systems. We are working to
Slide 14: Plans and Prospects
Plans and Prospects Finish construction of factory in Central Vietnam, URC Myanmar and Biomass Power Cogeneration facility in the Philippines. Joint venture partnership with Calbee to manufacture snack products in the Philippines. Finalize financing and acquisition of Griffin’s and explore qui
Slide 15: Thank You!
‘4 JG SUMMIT HOLDINGS, INC. Thank You!
Slide 16: Strong and Well-Diversified Business Portfolio
Strong and Well-Diversified Business Portfolio Market cap: PHP 371.9bn Core businesses Core investments Growth businesses Stake: 55.8% Stake: 67.2% Stake: 61.0% Stake: 8.0% Market cap: PHP 354.5bn Market cap: PHP 34.7bn Market cap: PHP 92.7bn Market cap: PHP 658.97bn Attributable Market Cap: Attribu