Slide 1: Analysts' Briefing 1Q17 Results
ANALYSTS’ BRIEFING 1Q17 Results May 12, 2017
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q17 1Q16 Inc/ (Dec) % Change REVENUES Banking 7.50 7.16 0.34 4.7% Beverage 2.86 2.71 0.15 5.5% Distilled Spirits 4.22 3.09 1.13 36.6% Property Development 0.54 0.65 (0.11) (16.9%) Tobacco - - - -- Total Revenues 15.12 13.61 1.51 11.1% 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 1Q17 1Q16 1Q17 % to total Inc/(Dec) % 1Q16 % to total Tobacco 1,001 949 997 45% 52 6% 945 42% Banking 1,272 2,570 699 31% (733) -51% 1,432 64% Distilled Spirits 207 82 207 9% 125 152% 82 4% Beverage 151
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar-17 Dec-16 Inc/(Dec) % Change Cash 194.1 174.7 19.4 11.1% Total Assets 861.7 829.1 32.6 3.9% Total Liabilities 681.5 650.5 31.0 4.8% Total Equity 180.2 178.6 1.6 0.9% D-E Ratio 3.78 3.64 0.14 3.8% D-E Ratio (w/o bank) 0.17 0.15 0.02 1
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 1Q17 1Q16 Inc/(Dec) % New Launches: Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 1,027 913 114 12% 1,027 913 114 12% Operating Expenses 57 30 27 90% Operating Income 970 883 87 10% Other Inc./(Charges) 35 44 (9) (20%)
Slide 6: Income Statement (Banking)
Income Statement (In Php Millions) 1Q17 1Q16 Inc/(Dec) % Balance Sheet As of As of As of Net Interest Income (In Php Billions) Mar '17 Mar '16 Dec '16 Interest Income 6,541 5,794 747 13% COH & Due from Banks 190 157 171 Interest Expense 1,393 1,145 248 22% AFS Investments 73 70 67 5,148 4,649 499 11
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 1Q17 1Q16 Inc/(Dec) % Sales Volume (liquor) 4.845 3.464 1.381 40% Sales Volume (bio, ltr) 9.165 9.202 (0.037) (0%) Segment Revenue 4,246 3,107 1,139 37% Cost of Sales 3,567 2,600 967 37% Gross Profit 679 507 172 34% Gross Profit Margin 16% 16% 0%pt OPERATING EXPENS
Slide 8: Income Statement (Beverage)
Income Statement New Launches: (In Php Millions) 1Q17 1Q16 Inc/(Dec) % Segment Revenue 3,140 2,969 171 6% Cost of Sales 2,041 1,865 176 9% Gross Profit 1,099 1,104 (5) (0%) Equity in net loss (137) (2) (135) 6750% 962 1,102 (140) (13%) Gross Profit Margin 35% 37% -2%pts Operating Expenses 669 456 21
Slide 9: Income Statement (Property Development)
Income Statement (In Php Millions) 1Q17 1Q16 Inc/(Dec) % Segment Revenue Residential 207 346 (139) (40%) Leasing 328 309 19 6% Cost of Sales Residential 134 259 (125) (48%) Leasing 69 59 10 17% Gross Profit Residential 73 87 (14) (16%) Leasing 259 250 9 4% Centris Cyberpod Five Gross Profit Margin R