Slide 1: Analyst Briefing: Resilience Amid Challenges
Analyst Briefing March 11, 2016 Resilience Amid Challenges
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 2015 2014 Inc/ (Dec) % Change REVENUES Banking 26.60 24.64 1.96 8% Beverage 13.29 13.29 - 0% Distilled Spirits 12.00 11.92 0.08 1% Property Development 2.48 2.28 0.20 9% Tobacco 0.00 0.00 - -- Total Revenues 54.37 52.13 2.24 4% Cost of Sales
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 2015 2014 2015 % to total Inc/(Dec) % 2014 % to total Banking 6,769 5,898 3,716 56% 461 14% 3,255 74% Beverage 1,099 1,122 1,098 17% (23) -2% 1,121 25% Tobacco 1,040 148 1,036 16% 889 605% 147 3% Distil
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2015 2014 Inc/(Dec) % Change Cash 137.6 147.3 (9.8) (6.6%) Total Assets 750.2 696.8 53.4 7.7% Total Liabilities 579.9 534.1 45.8 8.6% Total Equity 170.2 162.7 7.5 4.6% D-E Ratio 3.4 3.3 0.1 3.8% 4
Slide 5: Banking Income Statement
Income Statement Balance Sheet As of As of (In Php Millions) 2015 2014 Inc/(Dec) % Net Interest Income (In Php Billions) Dec '15 Dec '14 Interest Income 21,719 20,574 1,145 6% COH & Due from Banks 135 144 Interest Expense 4,090 3,895 195 5% AFS Investments 68 63 17,629 16,679 950 6% Loans and Receiv
Slide 6: Beverage Income Statement
Income Statement (In Php Millions) 2015 2014 Inc/(Dec) % Segment Revenue 14,299 14,322 (23) (0%) Cost of Sales 10,262 10,238 24 0% Gross Profit 4,037 4,084 (47) (1%) Gross Profit Margin 28% 29% -1%pt Operating Expenses 2,509 2,474 35 1% Operating Income 1,528 1,610 (82) (5%) Other Inc./(Charges) 30
Slide 7: Tobacco Income Statement
Income Statement (In Php Millions) 2015 2014 Inc/(Dec) % New Products: Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 975 515 460 89% 975 515 460 89% Operating Expenses 141 356 (215) (60%) Operating Income 834 159 675 425% Other Inc./(Charges) 259 321 (6
Slide 8: Distilled Spirits Income Statement
Income Statement (In Php Millions) 2015 2014 Inc/(Dec) % Sales Volume 16.519 17.012 (0.493) (3%) Segment Revenue 12,117 12,021 96 1% Cost of Sales 9,831 9,819 12 0% Gross Profit 2,286 2,202 84 4% Gross Profit Margin 19% 18% +1%pt OPERATING EXPENSES Selling Expenses 935 958 (23) (2%) Admin.Expenses 6
Slide 9: Property Development Income Statement
Income Statement (In Php Millions) 2015 2014 Inc/(Dec) % Pipeline of Projects: Segment Revenue Residential 1,312 1,538 (226) (15%) Leasing 1,173 740 433 59% Centris Cyberpod Cost of Sales Five, Residential 953 1,304 (351) (27%) Eton Centris, Leasing 227 279 (52) (19%) Quezon City Gross Profit Reside