Jg Summit Holdings Inc. · PSE:JGS
Jg Summit — Shareholder Meeting (June 2015)
24 slides from Jg Summit's shareholder meeting presentation, Jun 10, 2015
Slide 1: Annual Shareholders' Meeting
Making Life Better for Every Filipino JUNE 10, 2015 ANNUAL SHAREHOLDERS’ MEETING
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: Milestones and Developments, Financial Highlights, Key Businesses, Plans and Prospects
MILESTONES AND DEVELOPMENTS FINANCIAL HIGHLIGHTS KEY BUSINESSES PLANS AND PROSPECTS
Slide 4: Key Milestones and Developments
KEY MILESTONES AND DEVELOPMENTS 4
Slide 5: Key Milestones and Developments
Key Milestones and Developments January RLC was awarded by Euromoney as the Overall Best Managed Company in the Philippines for 2 2014 consecutive years. URC entered into a JV with Calbee of Japan to manufacture snack products in the Philippines. February 2014 JGS issued PhP30 billion fixed rate cor
Slide 6: Key Financial Highlights
KEY FINANCIAL ra HIGHLIGHTS —-
Slide 7: Key Financial Highlights
Key Financial Highlights Growth Growth In PhP Billions 2013 2014 1Q 14 1Q 15 % % Revenues 150.35 184.81 +23% 43.42 57.05 +31% Net Income from Equity 10.43 18.25 +75% 5.38 5.98 +11% Holders of the Parent Core Net Income After Taxes 13.65 20.30 +49% 5.61 6.18 +10% EBITDA 35.44 49.23 +39% 12.02 15.14 +
Slide 8: Strong Revenue Growth from Robust Operations
Strong Revenue Growth from Robust Operations Revenue Distribution (in PhP Billions) REVENUE BREAKDOWN In PhP Billions 2013 2014 Growth Equity in Petrochem net Php3.2bn Banking earnings of Dividend 2% Income Php2.7bn URC** 83.6 96.7 +16% associates 2% Php7.2bn Php5.1bn 4% 3% CEB 41.0 52.0 +27% RLC Ph
Slide 9: High Earnings Growth from Strong Operations
High Earnings Growth from Strong Operations Net Income from Equity Holders of the Parent NET INCOME BREAKDOWN (in PhP Billions) In PhP Billions 2013 2014 Growth Others Cebu Air Php0.9bn Php0.6bn URC* 6.3 6.7 +6% 4% 3% UIC URC Php2.5bn Php6.7bn CEB 0.3 0.6 +66% 14% 37% RLC Php2.9bn RLC* 2.8 2.9 +3% 1
Slide 10: 1QFY2015 Revenues & Earnings
1QFY2015 Revenues & Earnings REVENUE DISTRIBUTION REVENUE BREAKDOWN (in PhP Billions) Equity in Dividend Banking In PhP Billions 1Q2014 1Q2015 Growth net Income Php0.7bn earnings of Php1.6bn 1% associates URC** 23.0 28.6 +24% Php1.7bn 3% Petrochem 3% Php5.2bn CEB 11.8 14.2 +21% 9% RLC Php4.9bn URC R
Slide 11: 1QFY2015 Revenues & Earnings
1QFY2015 Revenues & Earnings NET INCOME NET INCOME BREAKDOWN FROM EQUITY HOLDERS OF THE PARENT (in PhP Billions) In PhP Billions 1Q2014 1Q2015 Growth Others Php0.1bn Meralco 1% URC Php1.1bn Php1.8bn URC* 1.8 1.8 -4% 19% 30% CEB 0.1 1.5 +1,255% CEB Php1.5bn RLC RLC* 0.7 0.9 +24% 25% Php0.9bn UIC 14%
Slide 12: Solid Balance Sheet Position
Solid Balance Sheet Position Growth 2013 2014 1Q 2015 In PhP Billions % Cash* (inc Financial Assets and AFS Investments) 48.65 47.00 49.03 +4.3% Total Assets 473.62 558.78 561.72 +0.5% Total Financial Debt** 124.56 201.84 190.11 -5.8% Total Liabilities 237.75 297.17 285.39 -4.0% Total Equity Stockho
Slide 13: Consistent Returns to Shareholders
Consistent Returns to Shareholders in PhP Million 1,403 1,223 1,088 544 340 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Dividend per Share 0.05 0.08 0.16 0.18 0.20 (PhP) Payout Ratio 4% 3% 5% 9% 13% 13
Slide 14: Share Price Performance
- 200.00 400.00 600.00 800.00 1,000.00 1,200.00 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Share Price Performance Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 5-year relative performance of JGS vs PCOMP Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 JGS Feb-1
Slide 15: Stable Cash Flow to Support Growth
Stable Cash Flow to Support Growth Cash Dividends Received (in PhP Billions) Capex Spending (PhP Billions) URC Rbank Php6.8bn Php0.2bn Cebu 18% 1% Php13.3bn 35% 13.7* RLC Php8.7bn 23% Petrochem Php8.8bn 8.6 23% 7.8 7.3 6.1 2.7 FY2014 ACTUAL CAPEX PhP38.0 Bn 2010 2011 2012 2013 2014 1Q2015 URC RLC CE
Slide 16: Key Businesses
KEY BUSINESSES
Slide 17: URC Financial Performance
URC Financial Performance (in PhP Billions) MARKET SHARE Revenues EBIT MARKET 92.4 PHILIPPINES* #1 #2 #3 SHARE 81.0 Snacks 38% URC 23% 7% +14% Candies 32% URC 11% 11% +22% Chocolates 22% URC 11% 9% 55.6 Biscuits 17% 33% 27% URC 45.7 Cookies 29% URC 23% 13% Pretzels 38% URC 26% 11% +37% +26% RTD Tea
Slide 18: RLC Financial Performance
RLC Financial Performance Revenues (in PhP Billions) BUSINESS PORTFOLIO 17.1 15.9 +8% 1,081,000 sqm Malls 39 Malls in GLA +14% 9.7 8.5 10 Office 275,000 sqm Offices Buildings in NLA 2,174 rooms in 14 Hotel Hotels 3 brand Properties segments FY2013 FY2014 1HFY2014 1HFY2015 62 33 Commercial Centers Of
Slide 19: CEB Financial Performance
CEB Financial Performance (in PhP Billions) OPERATIONAL HIGHLIGHTS Revenues EBITDAR 2013 2014 1Q Growth 2015 (YOY) 52.0 +27% Passenger Volume 14.4 16.9 4.3 +13.0% (m) 41.0 +21% Seat Load Factor 81.9 83.9 78.9% -3.6ppts Ave. Fare/Pax 2,206 2,382 2,525 +8.1* (PhP) +42% Ancillary/Pax (PhP) 469 514 612
Slide 20: Core Investments
Core Investments Revenues Service Revenues Revenues (in Php Billions) (in Php Billions) (in S$ millions) 298.6 693.2 266.3 164.1 165.1 609.6 193.2 55.1 62.6 41.2 40.5 148.1 FY2013 FY2014 1QFY14 1QFY15 FY2013 FY2014 1QFY14 1QFY15 FY2013 FY2014 1QFY14 1QFY15 Core Net Income Core Net Income Net Profit*
Slide 21: Growth Businesses
Growth Businesses Revenue (in PhP Billions) Revenue (in PhP Billions) 2.8 2.7 1% 5.2 2,485% 495% 3.2 20% 0.6 0.7 0.5 0.2 FY2013 FY2014 1QFY14 1QFY15 FY2013 FY2014 1QFY14 1QFY15 KEY HIGHLIGHTS KEY HIGHLIGHTS Slight drop in revenues attributed to lower Resumed commercial operations in trading gain
Slide 22: Plans and Prospects
PLANS AND PROSPECTS
Slide 23: Plans and Prospects
Plans and Prospects Commission Central Vietnam and Myanmar facilities Install additional capacities in PET beverage and snack foods across ASEAN operations and a new bar line in New Zealand Initiate global portfolio and branding review for URC and Griffin’s Aggressively expand its investment
Slide 24: Thank You
JG SUMMIT OLD! THANK YOU.