Slide 1: Analyst Briefing Full Year 2014 Financial Results
Analyst Briefing Full Year 2014 Financial Results March 20, 2015 CONQUERING CHALLENGES 1
Slide 2: Consolidated Unaudited Income Statement Highlights
Consolidated Unaudited Income Statement Highlights (In Php Billions) 2014 2013 Inc/ (Dec) % Change REVENUES Banking 24.63 28.86 (4.23) (15%) Beverage 13.32 12.70 0.62 5% Property Development 2.28 3.66 (1.38) (38%) Distilled Spirits 11.92 10.43 1.49 14% Tobacco 0.00 0.15 (0.15) (100%) Total Revenues
Slide 3: Unaudited Net Income by Segment
Unaudited Net Income by Segment (In Php Millions) Net Income LTG's Share in Net Income Segment 2014 2013 2014 2013 Inc/(Dec) Banking 5,622 6,235 3,114 3,447 (333) Beverage 1,123 1,043 1,122 1,042 80 Property Development 120 105 119 104 15 Distilled Spirits 101 185 101 185 (84) Tobacco 99 3,937 99 3,
Slide 4: Consolidated Balance Sheet Highlights
Unaudited Consolidated Balance Sheet Highlights (In Php Billions) 2014 2013 Inc/(Dec) % Change Cash 149.4 188.3 (38.9) (20.7%) Total Assets 710.8 678.5 32.3 4.8% Total Liabilities 549.5 528.7 20.8 3.9% Total Equity 161.4 149.8 11.6 7.7% D-E Ratio 3.4 3.5 (0.1) (3.5%) 4
Slide 5: Banking Segment Income Statement
Unaudited Income Statement Balance Sheet As of As of (In Php Millions) 2014 2013 Inc/(Dec) % Net Interest Income (In Php Billions) Dec '14 Dec '13 Interest Income 20,812 19,398 1,414 7% COH & Due from Banks 136 179 Interest Expense 3,894 5,157 (1,263) (24%) AFS Investments 62 79 16,918 14,241 2,677
Slide 6: Beverage Segment Income Statement
Unaudited Income Statement (In Php Millions) 2014 2013 Inc/(Dec) % Segment Revenue 14,356 13,385 971 7% Cost of Sales 10,238 9,739 499 5% Gross Profit 4,118 3,646 472 13% Gross Profit Margin 29% 27% +2%pts Operating Expenses 2,474 2,527 (53) (2%) Operating Income 1,644 1,119 525 47% Other Inc./(Char
Slide 7: Property Development Segment Income Statement
Unaudited Income Statement (In Php Millions) 2014 2013 Inc/(Dec) % Segment Revenue Residential 1,538 3,208 (1,670) (52%) Leasing 740 449 291 65% Cost of Sales Residential 1,304 2,490 (1,186) (48%) Leasing 279 179 100 56% Gross Profit Residential 234 718 (484) (67%) Leasing 461 270 191 71% Gross Prof
Slide 8: Distilled Spirits Segment Income Statement
Unaudited Income Statement (In Php Millions) 2014 2013 Inc/(Dec) % Sales Volume 17.012 14.600 2.412 17% Segment Revenue 12,021 10,540 1,481 14% Cost of Sales 9,819 8,293 1,526 18% Gross Profit 2,202 2,247 (45) (2%) Gross Profit Margin 18% 21% -3%pts OPERATING EXPENSES Selling Expenses 958 649 309 48
Slide 9: Tobacco Segment Income Statement
Unaudited Income Statement (In Php Millions) 2014 2013 Inc/(Dec) % Segment Revenue - 152 (152) (100%) Cost of Sales - 153 (153) (100%) Gross Profit - (1) 1 (100%) Equity in Net Earnings fr PMFTC 466 3,704 (3,238) (87%) 466 3,703 (3,237) (87%) Operating Expenses 356 121 235 194% Operating Income 110