Slide 1: Analysts' Briefing FY2020 Financial Results
ANALYSTS’ BRIEFING FY2020 Financial Results March 19, 2021
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights Property Development 2.40 3.13 (0.73) (23.3%) Tobacco - - - -- Total Revenues 94.43 94.14 0.29 0.3% Cost of Sales 42.86 46.80 (3.94) (8.4%) Gross Income 51.57 47.34 4.23 8.9% Equity Income 17.61 14.81 2.80 18.9% 69.18 62.15 7.03 11.3% Operating Expenses 49.95
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 2020 2019 2020 % to total Inc/(Dec) % 2019 % to total Tobacco 16,893 15,561 16,825 80% 1,326 9% 15,499 54% Banking 2,762 9,938 1,550 7% (4,016) -72% 5,566 35% Distilled Spirits 1,118 676 1,104 5% 437 66
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2020 2019 Inc/(Dec) % Change Cash 304.1 184.9 119.2 64.4% Total Assets 1,353.1 1,265.8 87.3 6.9% Total Liabilities 1,097.6 1,011.8 85.8 8.5% Total Equity 255.5 254.0 1.5 0.6% D-E Ratio 4.30 3.98 0.32 D-E Ratio (w/o bank) 0.16 0.17 (0.01)
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 2020 2019 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 17,107 15,396 1,711 11% 17,107 15,396 1,711 11% Operating Expenses 172 205 (33) (16%) Operating Income 16,935 15,191 1,744 11% Other Inc./(Charges) (1
Slide 6: Income Statement (Banking)
Income Statement Balance Sheet As of As of (In Php Millions) 2020 2019 Inc/(Dec) % Net Interest Income (In Php Billions) Dec '20 Dec '19 Interest Income 46,951 50,529 (3,578) (7%) COH & Due from Banks 303 182 Interest Expense 11,130 18,155 (7,025) (39%) FA at FVTOCI (AFS) 134 123 35,821 32,374 3,447
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 2020 2019 Inc/(Dec) % Sales Volume (liquor) 23.899 20.531 3.368 16% Sales Volume (bio, ltr) 30.589 42.839 (12.250) (29%) Segment Revenue 25,032 19,279 5,753 30% Cost of Sales 21,361 16,069 5,292 33% Gross Profit 3,671 3,210 461 14% Gross Profit Margin 15% 17% -2%pt
Slide 8: Income Statement (Property Development)
Income Statement (In Php Millions) 2020 2019 Inc/(Dec) % Segment Revenue Residential 642 1,425 (783) (55%) Leasing 1,758 1,708 50 3% Cost of Sales Residential 240 664 (424) (64%) Leasing 467 444 23 5% Gross Profit Residential 402 761 (359) (47%) Leasing 1,291 1,264 27 2% Gross Profit Margin Resident
Slide 9: Income Statement (Beverage)
Income Statement (In Php Millions) 2020 2019 Inc/(Dec) % Segment Revenue 13,280 15,930 (2,650) (17%) Cost of Sales 9,830 11,643 (1,813) (16%) Gross Profit 3,450 4,287 (837) (20%) Gross Profit Margin 26% 27% -1%pt Operating Expenses 2,324 2,586 (262) (10%) Operating Income 1,126 1,701 (575) (34%) Equ