Slide 1: Analysts' Briefing: 1st Quarter Financial Results
ANALYSTS’ BRIEFING 1st Quarter Financial Results May 15, 2020
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q20 1Q19 Inc/ (Dec) % Change REVENUES Banking 15.85 12.94 2.91 22.5% Beverage 3.72 3.60 0.12 3.3% Distilled Spirits 5.03 4.73 0.30 6.3% Property Development 0.61 0.65 (0.04) (6.2%) Tobacco - - - -- Total Revenues 25.21 21.92 3.29 15.0% 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 1Q20 1Q19 1Q20 % to total Inc/(Dec) % 1Q19 % to total Tobacco 5,006 2,850 4,988 80% 2,149 76% 2,839 54% Banking 1,371 1,947 761 12% (321) -30% 1,082 35% Distilled Spirits 199 234 199 3% (30) -13% 229 5%
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar '20 Dec '19 Inc/(Dec) % Change Cash 201.2 184.9 16.3 8.8% Total Assets 1,215.2 1,265.8 (50.6) (4.0%) Total Liabilities 965.2 1,011.8 (46.6) (4.6%) Total Equity 250.0 254.0 (4.0) (1.6%) D-E Ratio 3.86 3.98 (0.12) D-E Ratio (w/o bank)
Slide 5: Income Statement: Tobacco
Income Statement (In Php Millions) 1Q20 1Q19 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 5,019 2,693 2,326 86% 5,019 2,693 2,326 86% Operating Expenses 36 46 (10) (22%) Operating Income 4,983 2,647 2,336 88% Other Inc./(Charges) 25 231 (20
Slide 6: Income Statement: Banking
Income Statement Balance Sheet As of As of As of (In Php Millions) 1Q20 1Q19 Inc/(Dec) % Net Interest Income (In Php Billions) Mar '20 Mar '19 Dec '19 Interest Income 12,585 11,137 1,448 13% COH & Due from Banks 199 180 182 Interest Expense 3,734 4,026 (292) (7%) FA at FVTOCI (AFS) 52 76 123 8,851 7
Slide 7: Income Statement: Distilled Spirits
Income Statement TANDUAY (In Php Millions) 1Q20 1Q19 Inc/(Dec) % DOUBLE RUM: Sales Volume (liquor) 4.814 5.036 (0.222) (4%) Gold Award Sales Volume (bio, ltr) 8.794 10.734 (1.940) (18%) by the Wine & Segment Revenue 5,062 4,726 336 7% Spirits Cost of Sales 4,275 3,907 368 9% Wholesalers of America,
Slide 8: Income Statement: Property Development
Income Statement (In Php Millions) 1Q20 1Q19 Inc/(Dec) % Segment Revenue Eton Square Ortigas Residential 141 246 (105) (43%) Leasing 470 400 70 18% Cost of Sales Residential 57 127 (70) (55%) Leasing 113 99 14 14% Gross Profit Residential 84 119 (35) (29%) Leasing 357 301 56 19% Gross Profit Margin
Slide 9: Income Statement: Beverage
Income Statement (In Php Millions) 1Q20 1Q19 Inc/(Dec) % Segment Revenue 3,865 3,857 8 0% Cost of Sales 2,763 2,780 (17) (1%) Gross Profit 1,102 1,077 25 2% Gross Profit Margin 29% 28% +1%pt Operating Expenses 613 666 (53) (8%) Operating Income 489 411 78 19% Equity in net loss (246) (201) (45) 22%