Slide 1: Analysts' Briefing 1st Half 2022 Financial Results
ANALYSTS’ BRIEFING 1st Half 2022 Financial Results August 12, 2022
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1H22 1H21 Inc/ (Dec) % Change REVENUES Banking 23.55 24.99 (1.44) (5.8%) Beverage 7.60 6.46 1.14 17.6% Distilled Spirits 13.59 11.63 1.96 16.9% Property Development 1.03 1.06 (0.03) (2.8%) Tobacco - - - Total Revenues 45.77 44.14 1.63 3.7% C
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 1H22 1H21 1H22 % to total Inc/(Dec) % 1H21 % to total Tobacco 7,769 9,008 7,738 50% (1,234) -14% 8,972 241% Banking 11,151 22,201 6,281 41% (6,233) -50% 12,514 335% Distilled Spirits 564 605 561 4% (41)
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Jun '22 Dec '21 Inc/(Dec) % Change Cash 189.7 265.1 (75.4) (28.5%) Total Assets 1,285.3 1,311.8 (26.6) (2.0%) Total Liabilities 1,010.6 1,048.3 (37.7) (3.6%) Total Equity 274.7 263.5 11.1 4.2% D-E Ratio 3.68 3.98 (0.30) D-E Ratio (w/o ba
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 1H22 1H21 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 7,805 9,064 (1,259) (14%) 7,805 9,064 (1,259) (14%) Operating Expenses 109 78 31 40% Operating Income 7,696 8,986 (1,290) (14%) Other Inc./(Charges) 7
Slide 6: Income Statement (Banking)
Income Statement (In Php Millions) 1H22 1H21 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income Interest Income 20,808 20,845 (37) (0%) (In Php Billions) Jun '22 Jun '21 Dec '21 Interest Expense 3,464 3,992 (528) (13%) COH & Due from Banks 189 190 264 17,344 16,853 491 3% FA at FVTOCI (
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 1H22 1H21 Inc/(Dec) % Sales Volume (liquor) 11.426 10.401 1.025 10% Sales Volume (bio, ltr) 28.007 22.487 5.520 25% Segment Revenue 13,622 11,663 1,959 17% Cost of Sales 12,125 10,173 1,952 19% Gross Profit 1,497 1,490 7 0% Gross Profit Margin 11% 13% -2%pts OPERAT
Slide 8: Income Statement (Beverage)
Income Statement (In Php Millions) 1H22 1H21 Inc/(Dec) % Segment Revenue 8,135 6,829 1,306 19% Cost of Sales 6,399 4,988 1,411 28% Gross Profit 1,736 1,841 (105) (6%) Gross Profit Margin 21% 27% -6%pts Operating Expenses 1,326 1,288 38 3% Operating Income 410 553 (143) (26%) Equity in net income 32
Slide 9: Income Statement (Property Development)
Income Statement (In Php Millions) 1H22 1H21 Inc/(Dec) % Segment Revenue Residential - 68 (68) (100%) Leasing 886 860 26 3% Cost of Sales Residential - 26 (26) (100%) Leasing 451 224 227 101% Gross Profit Residential - 42 (42) (100%) Leasing 435 636 (201) (32%) Gross Profit Margin Residential - 62%