Slide 1: Analysts' Briefing Nine Months 2024
Click to edit Master title style ANALYSTS’ BRIEFING Nine Months 2024 November 12, 2024 11/12/2024 1
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 9M24 9M23 Inc/ (Dec) % Change REVENUES Banking 55.52 48.97 6.55 13.4% Distilled Spirits 24.54 21.39 3.15 14.7% Beverage 12.99 12.17 0.82 6.7% Property Development 2.11 1.80 0.31 17.2% Tobacco - - - Total Revenues 95.16 84.33 10.83 12.8% Cost
Slide 3: Net Income by Segment
Net Income by Segment (In Php Millions, except EPS) Net Income LTG's Share in Net Income Y-o-Y Change Segment 9M24 9M23 9M24 % to total Inc/(Dec) % 9M23 % to total Banking 15,064 13,523 8,441 43% 797 10% 7,644 40% Tobacco 7,941 9,064 7,909 40% (1,119) (12%) 9,028 47% Distilled Spirits 1,509 1,151 1,
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Sep '24 Dec '23 Inc/(Dec) % Change Cash 217.3 243.8 (26.5) (10.9%) Total Assets 1,316.5 1,327.4 (11.0) (0.8%) Total Liabilities 994.9 1,027.2 (32.2) (3.1%) Total Equity 321.4 300.2 21.2 7.1% D-E Ratio 3.09 3.42 (0.33) D-E Ratio (w/o bank
Slide 5: Banking Income Statement
Income Statement (In Php Millions) 9M24 9M23 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income (In Php Billions) Sep '24 Sep '23 Dec '23 Interest Income 50,127 43,676 6,451 15% Interest Expense 13,650 10,636 3,014 28% COH & Due from Banks 214 213 243 36,477 33,040 3,437 10% FA at FVTOC
Slide 6: Tobacco Income Statement
Income Statement (In Php Millions) 9M24 9M23 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 6,685 8,757 (2,072) (24%) 6,685 8,757 (2,072) (24%) Operating Expenses 129 127 2 2% Operating Income 6,556 8,630 (2,074) (24%) Dividend income* 925 -
Slide 7: Distilled Spirits Income Statement
Income Statement (In Php Millions) 9M24 9M23 Inc/(Dec) % Sales Volume (liquor) 17.463 16.466 0.997 6% Sales Volume (bio, ltr) 31.011 30.603 0.408 1% Segment Revenue 24,613 21,446 3,167 15% Cost of Sales 21,046 18,728 2,318 12% Gross Profit 3,567 2,718 849 31% Gross Profit Margin 14% 13% +1%pt OPERAT
Slide 8: Beverage Income Statement
Income Statement (In Php Millions) 9M24 9M23 Inc/(Dec) % Segment Revenue 13,791 12,790 1,001 8% Cost of Sales 10,603 9,888 715 7% Gross Profit 3,188 2,902 286 10% Gross Profit Margin 23% 23% 0%pt Operating Expenses 2,155 2,070 85 4% Operating Income 1,033 832 201 24% Equity in net income 46 35 11 31
Slide 9: Property Development Income Statement
Income Statement (In Php Millions) 9M24 9M23 Inc/(Dec) % Segment Revenue Residential 312 14 298 2129% Leasing 1,586 1,526 60 4% Cost of Sales Residential 226 7 219 3129% Leasing 848 770 78 10% Gross Profit Residential 86 7 79 1129% Leasing 738 756 (18) (2%) Gross Profit Margin Eton City Square, Lagu