Slide 1: Analyst Briefing Nine Months 2014 Financial Results
Analyst Briefing Nine Months 2014 Financial Results November 17, 2014 CONQUERING CHALLENGES 1
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 9M14 9M13 Inc/ (Dec) % Change REVENUES Banking 18.09 23.49 (5.40) (23%) Beverage 9.76 9.12 0.64 7% Tobacco 0.00 0.15 (0.15) (100%) Property Development 1.19 3.08 (1.89) (61%) Distilled Spirits 8.72 7.54 1.18 16% Total Revenues 37.76 43.38 (5
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 9M14 9M13 9M14 % to total Inc/(Dec) % 9M13 % to total Banking 3,715 6,676 2,050 82% (1,685) -45% 3,735 49% Beverage 797 626 796 32% 171 27% 625 8% Tobacco 464 2,799 462 19% (2,326) -83% 2,788 37% Proper
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of As of Inc/(Dec) % Change Sep 2014 Dec 2013 Cash 154.3 188.3 (34.0) (18.1%) Total Assets 681.4 678.5 2.9 0.4% Total Liabilities 523.2 528.7 (5.5) (1.0%) Total Equity 158.2 149.8 8.4 5.6% D-E Ratio 3.3 3.5 (0.2) (6.3%) 4
Slide 5: Income Statement (Banking)
Income Statement Balance Sheet As of As of (In Php Millions) 9M14 9M13 Inc/(Dec) % (In Php Billions) Sep '14 Dec '13 Net Interest Income COH & Due from Banks 149 179 Interest Income 15,197 14,294 903 6% AFS Investments 59 79 Interest Expense 2,930 4,149 (1,219) (29%) Loans and Receivables 304 274 12
Slide 6: Income Statement (Beverage)
Income Statement (In Php Millions) 9M14 9M13 Inc/(Dec) % Segment Revenue 10,576 9,699 877 9% Cost of Sales 7,683 6,809 874 13% Gross Profit 2,893 2,890 3 0% Gross Profit Margin 27% 30% -3%pts Operating Expenses 1,788 1,973 (185) (9%) Operating Income 1,105 917 188 21% Other Inc./(Charges) 32 (24) 56
Slide 7: Income Statement (Tobacco)
Income Statement (In Php Millions) 9M14 9M13 Inc/(Dec) % Segment Revenue - 152 (152) (100%) Cost of Sales - 155 (155) (100%) Gross Profit - (3) 3 (100%) Equity in Net Earnings fr PMFTC 520 2,558 (2,038) (80%) 520 2,555 (2,035) (80%) Operating Expenses 307 75 232 309% Operating Income 213 2,480 (2,26
Slide 8: Income Statement (Property Development)
Income Statement (In Php Millions) 9M14 9M13 Inc/(Dec) % Segment Revenue Residential 724 2,704 (1,980) (73%) Leasing 470 378 92 24% Cost of Sales Residential 601 2,059 (1,458) (71%) Leasing 183 128 55 43% Gross Profit Residential 123 645 (522) (81%) Leasing 287 250 37 15% Gross Profit Margin Residen
Slide 9: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 9M14 9M13 Inc/(Dec) % Sales Volume 12.643 10.566 2.077 20% Segment Revenue 8,755 7,556 1,199 16% Cost of Sales 7,253 5,993 1,260 21% Gross Profit 1,502 1,563 (61) (4%) Gross Profit Margin 17% 21% -4%pts OPERATING EXPENSES Selling Expenses 762 461 301 65% Admin.Expe