Slide 1: Analysts' Briefing FY2019 Financial Results
ANALYSTS’ BRIEFING FY2019 Financial Results March 19, 2020
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 2019 2018 Inc/ (Dec) % Change REVENUES Banking 56.62 40.24 16.38 40.7% Beverage 15.23 14.13 1.10 7.8% Distilled Spirits 19.26 18.06 1.20 6.6% Property Development 3.13 3.20 (0.07) (2.2%) Tobacco - - - -- Total Revenues 94.24 75.63 18.61 24.6
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 2019 2018 2019 % to total Inc/(Dec) % 2018 % to total Tobacco 15,561 8,751 15,499 67% 6,783 78% 8,716 54% Banking 9,938 9,777 5,565 24% 97 2% 5,468 35% Property Development 900 479 896 4% 417 87% 479 2%
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2019 2018 Inc/(Dec) % Change Cash 184.9 176.5 8.4 4.8% Total Assets 1,265.8 1,097.8 168.0 15.3% Total Liabilities 1,011.8 866.6 145.2 16.8% Total Equity 254.0 231.2 22.8 9.9% D-E Ratio 3.98 3.75 0.23 D-E Ratio (w/o bank) 0.17 0.14 0.03 4
Slide 5: Income Statement: Tobacco
Income Statement (In Php Millions) 2019 2018 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 15,396 8,462 6,934 82% 15,396 8,462 6,934 82% Operating Expenses 205 124 81 65% Operating Income 15,191 8,338 6,853 82% Other Inc./(Charges) 469 468 1
Slide 6: Income Statement: Banking
Income Statement Balance Sheet As of As of (In Php Millions) 2019 2018 Inc/(Dec) % Net Interest Income (In Php Billions) Dec '19 Dec '18 Interest Income 50,615 36,081 14,534 40% COH & Due from Banks 182 173 Interest Expense 18,155 9,011 9,144 101% FA at FVTOCI (AFS) 123 52 32,460 27,070 5,390 20% Lo
Slide 7: Income Statement: Property Development
Income Statement (In Php Millions) 2019 2018 Inc/(Dec) % Segment Revenue Eton Square Ortigas Residential 1,425 1,704 (279) (16%) Leasing 1,708 1,495 213 14% Cost of Sales Residential 664 1,209 (545) (45%) Leasing 444 374 70 19% Gross Profit Residential 761 495 266 54% Leasing 1,264 1,121 143 13% Gro
Slide 8: Income Statement: Distilled Spirits
Income Statement TANDUAY (In Php Millions) 2019 2018 Inc/(Dec) % DOUBLE RUM: Sales Volume (liquor) 20.531 20.126 0.405 2% Gold Award Sales Volume (bio, ltr) 42.839 36.263 6.576 18% by the Wine & Segment Revenue 19,279 18,136 1,143 6% Spirits Cost of Sales 16,069 14,846 1,223 8% Wholesalers of Americ
Slide 9: Income Statement: Beverage
Income Statement (In Php Millions) 2019 2018 Inc/(Dec) % Segment Revenue 15,930 15,095 835 6% Cost of Sales 11,643 10,995 648 6% Gross Profit 4,287 4,100 187 5% Gross Profit Margin 27% 27% 0%pt Operating Expenses 2,586 2,361 225 10% Operating Income 1,701 1,739 (38) (2%) Equity in net loss (726) (73