Slide 1: Analysts' Briefing: 1st Quarter 2023 Financial Results
ANALYSTS’ BRIEFING Board Meeting Click to edit Master title style May 1st Quarter 9, 2023 Results Financial May 12, 2023 5/15/2023 1
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q23 1Q22 Inc/ (Dec) % Change REVENUES Banking 15.65 11.73 3.92 33.4% Beverage 3.68 3.56 0.12 3.4% Distilled Spirits 6.22 6.30 (0.08) (1.3%) Property Development 0.49 0.51 (0.02) (3.9%) Tobacco - - - Total Revenues 26.04 22.10 3.94 17.8% Cos
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 1Q23 1Q22 1Q23 % to total Inc/(Dec) % 1Q22 % to total Tobacco 3,059 4,224 3,047 48% (1,160) -28% 4,207 64% Banking 4,827 2,858 2,720 43% 1,114 69% 1,606 25% Distilled Spirits 258 333 256 4% (74) -22% 33
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar '23 Dec '22 Inc/(Dec) % Change Cash 170.5 224.8 (54.3) (24.1%) Total Assets 1,229.7 1,268.1 (38.4) (3.0%) Total Liabilities 946.1 991.5 (45.3) (4.6%) Total Equity 283.6 276.7 6.9 2.5% D-E Ratio 3.34 3.58 (0.25) D-E Ratio (w/o bank) 0
Slide 5: Income Statement: Tobacco
Income Statement (In Php Millions) 1Q23 1Q22 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 3,008 4,244 (1,236) (29%) 3,008 4,244 (1,236) (29%) Operating Expenses 45 67 (22) (33%) BONDS Operating Income 2,963 4,177 (1,214) (29%) Other Inc./(C
Slide 6: Income Statement: Banking
Income Statement (In Php Millions) 1Q23 1Q22 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income (In Php Billions) Mar '23 Mar '22 Dec '22 Interest Income 13,795 10,323 3,472 34% Interest Expense 3,343 1,798 1,545 86% COH & Due from Banks 169 246 224 10,452 8,525 1,927 23% FA at FVTOCI (
Slide 7: Income Statement: Distilled Spirits
Income Statement (In Php Millions) 1Q23 1Q22 Inc/(Dec) % Sales Volume (liquor) 4.846 5.145 (0.299) (6%) Sales Volume (bio, ltr) 9.582 15.219 (5.637) (37%) Segment Revenue 6,240 6,314 (74) (1%) Cost of Sales 5,458 5,495 (37) (1%) Gross Profit 782 819 (37) (5%) Gross Profit Margin 13% 13% 0%pt OPERATI
Slide 8: Income Statement: Property Development
Income Statement (In Php Millions) 1Q23 1Q22 Inc/(Dec) % Segment Revenue Residential - - - Leasing 425 438 (13) (3%) Cost of Sales Residential - - - Leasing 215 204 11 5% Gross Profit Residential - - - Leasing 210 234 (24) (10%) Gross Profit Margin Residential - - Eton City Square, Laguna Leasing 49
Slide 9: Income Statement: Beverage
Income Statement (In Php Millions) 1Q23 1Q22 Inc/(Dec) % Segment Revenue 3,807 3,839 (32) (1%) Cost of Sales 2,984 3,069 (85) (3%) Gross Profit 823 770 53 7% Gross Profit Margin 22% 20% +2%pts Operating Expenses 637 619 18 3% Operating Income 186 151 35 23% Equity in net income 12 15 (3) (20%) Other