Slide 1: Analysts' Briefing: 1st Quarter Financial Results
Steadfast Steadfast Amidstthe Amidst theCrisis Crisis ANALYSTS’ BRIEFING 1st Quarter Financial Results May 11, 2021
Slide 2: Consolidated Income Statement Highlights
Steadfast Consolidated Income Statement Highlights Amidst the Crisis (In Php Billions) 1Q21 1Q20 Inc/ (Dec) % Change REVENUES Banking 12.83 15.83 (3.00) (19.0%) Beverage 3.20 3.72 (0.52) (14.0%) Distilled Spirits 5.58 5.03 0.55 10.9% Property Development 0.48 0.61 (0.13) (21.3%) Tobacco - - - -- Tot
Slide 3: Net Income by Segment
Net Income by Segment Steadfast Amidst the Crisis (In Php Millions) Net Income LTG's Share in Net Income Y-o-Y Change Segment 1Q21 1Q20 1Q21 % to total Inc/(Dec) % 1Q20 % to total Tobacco 5,030 5,006 5,010 77% 23 0% 4,987 80% Banking 1,826 1,371 1,016 16% 254 33% 762 12% Distilled Spirits 235 199 23
Slide 4: Consolidated Balance Sheet Highlights
Steadfast Consolidated Balance Sheet Highlights Amidst the Crisis (In Php Billions) As of: Mar'21 Dec'20 Inc/(Dec) % Change Cash 245.3 304.1 (58.8) (19.3%) Total Assets 1,259.8 1,353.1 (93.3) (6.9%) Total Liabilities 1,003.1 1,097.6 (94.4) (8.6%) Total Equity 256.7 255.5 1.1 0.5% D-E Ratio 3.91 4.30
Slide 5: Income Statement: Tobacco
Steadfast Income Statement Amidst the Crisis (In Php Millions) 1Q21 1Q20 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 5,056 5,019 37 1% 5,056 5,019 37 1% Operating Expenses 38 36 2 6% Operating Income 5,018 4,983 35 1% Other Inc./(Charges)
Slide 6: Income Statement: Banking
Steadfast Income Statement Amidst the Crisis (In Php Millions) 1Q21 1Q20 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income (In Php Billions) Mar '21 Mar '20 Dec '20 Interest Income 10,387 12,562 (2,175) (17%) COH & Due from Banks 243 199 303 Interest Expense 2,150 3,734 (1,584) (42%) F
Slide 7: Income Statement: Distilled Spirits
Steadfast Income Statement Amidst the Crisis (In Php Millions) 1Q21 1Q20 Inc/(Dec) % Sales Volume (liquor) 5.031 4.814 0.217 5% Sales Volume (bio, ltr) 9.428 8.794 0.634 7% Segment Revenue 5,609 5,062 547 11% Cost of Sales 4,810 4,275 535 13% Gross Profit 799 787 12 2% Gross Profit Margin 14% 16% -2
Slide 8: Income Statement: Beverage
Steadfast Income Statement Amidst the Crisis (In Php Millions) 1Q21 1Q20 Inc/(Dec) % Segment Revenue 3,377 3,865 (488) (13%) Cost of Sales 2,451 2,763 (312) (11%) Gross Profit 926 1,102 (176) (16%) Gross Profit Margin 27% 29% -2%pts Operating Expenses 626 613 13 2% Operating Income 300 489 (189) (39
Slide 9: Income Statement: Property Development
Steadfast Income Statement Amidst the Crisis (In Php Millions) 1Q21 1Q20 Inc/(Dec) % Segment Revenue Residential 56 141 (85) (60%) Leasing 424 470 (46) (10%) Cost of Sales Residential 21 57 (36) (63%) Leasing 112 113 (1) (1%) Gross Profit Residential 35 84 (49) (58%) Leasing 312 357 (45) (13%) Gross