Slide 1: Analyst Briefing 1Q16 Results
Analyst Briefing 1Q16 Results May 13, 2016 Resilience Amid Challenges
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q16 1Q15 Inc/ (Dec) % Change REVENUES Banking 7.16 6.19 0.97 15.7% Beverage 3.44 3.21 0.23 7.2% Distilled Spirits 3.09 2.98 0.11 3.7% Property Development 0.65 0.64 0.01 1.6% Tobacco 0.00 0.00 - -- Total Revenues 14.34 13.02 1.32 10.1% Cost
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 1Q16 1Q15 1Q16 % to total Inc/(Dec) % 1Q15 % to total Banking 2,570 1,387 1,432 64% 679 90% 753 47% Tobacco 949 411 945 42% 536 131% 409 26% Beverage 350 301 350 16% 49 16% 301 19% Distilled Spirits 82
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar-16 Dec-15 Inc/(Dec) % Change Cash 159.3 137.6 21.8 15.8% Total Assets 769.6 750.2 19.4 2.6% Total Liabilities 596.4 579.9 16.5 2.8% Total Equity 173.2 170.2 3.0 1.7% D-E Ratio 3.4 3.4 0.0 1.1% D-E Ratio (w/o bank) 0.1 0.1 0.0 0.0% 4
Slide 5: Income Statement: Tobacco
Income Statement (In Php Millions) 1Q16 1Q15 Inc/(Dec) % New Products: Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 913 415 498 120% 913 415 498 120% Operating Expenses 30 26 4 15% Operating Income 883 389 494 127% Other Inc./(Charges) 44 23 21 91% Pro
Slide 6: Income Statement: Banking
Income Statement (In Php Millions) 1Q16 1Q15 Inc/(Dec) % Balance Sheet As of As of As of Net Interest Income (In Php Billions) Mar '16 Mar '15 Dec '15 Interest Income 5,794 5,113 681 13% COH & Due from Banks 157 140 135 Interest Expense 1,145 994 151 15% AFS Investments 70 66 68 4,649 4,119 530 13%
Slide 7: Income Statement: Beverage
Income Statement (In Php Millions) 1Q16 1Q15 Inc/(Dec) % Segment Revenue 3,696 3,502 194 6% Cost of Sales 2,575 2,510 65 3% Gross Profit 1,121 992 129 13% Gross Profit Margin 30% 28% +2%pts Operating Expenses 613 578 35 6% Operating Income 508 414 94 23% Other Inc./(Charges) (6) 13 (19) (146%) Prov.
Slide 8: Income Statement: Distilled Spirits
Income Statement (In Php Millions) 1Q16 1Q15 Inc/(Dec) % Sales Volume 3.464 4.197 (0.733) (17%) Segment Revenue 3,107 2,991 116 4% Cost of Sales 2,600 2,418 182 8% Gross Profit 507 573 (66) (12%) Gross Profit Margin 16% 19% -3%pts OPERATING EXPENSES Selling Expenses 220 241 (21) (9%) Admin.Expenses
Slide 9: Income Statement: Property Development
Income Statement (In Php Millions) 1Q16 1Q15 Inc/(Dec) % Pipeline of Projects: Segment Revenue Residential 346 386 (40) (10%) Leasing 309 258 51 20% Centris Cyberpod Cost of Sales Five, Residential 260 299 (39) (13%) Eton Centris, Leasing 59 55 4 7% Quezon City Gross Profit Residential 86 87 (1) (1%