Aboitiz Equity Ventures Inc. · PSE:AEV
Aboitiz Equity Ventures — Q1 2025 Earnings Presentation
33 slides from Aboitiz Equity Ventures's earnings presentation, May 14, 2025
Slide 1: 1Q/3M 2025 Earnings Results Briefing
1Q/3M 2025 Earnings Results Briefing
Slide 2: Disclaimer
Disclaimer This presentation and the information contained herein (this "Presentation") are the sole and exclusive property of Aboitiz Equity Ventures (“AEV”) and shall only be used for the purpose intended herein and may not be used, published or redistributed without the prior written consent of A
Slide 3: Notice
NOTICE This briefing will be recorded. By joining this session, you consent to your name, voice, image and chat comments being recorded for use and dissemination. A copy of this briefing will be uploaded on our website (www.aboitiz.com)
Slide 4: Presenters
vl Tristan Aboitiz Rafael Fernandezde Mesa _ Cosette Canilao Toto Hilado President & CEO President & CEO President & CEO CFO Food Group Aboitiz Land Aboitiz InfraCapital Aboitiz Equity Ventures | Aboitiz Equity Ventures 5:00 PM to 6:00 PM
Slide 5: AboitizFoods
AboitizFoods Tristan Aboitiz President & CEO Food Group
Slide 6: 1Q25 Results highlights
1Q25 Results highlights 1Q25 Results ● Consolidated revenue was flat PHPm year-over-year as the volume-driven growth in the Flour and Agribusiness segments were tempered by normalized selling prices. ● Nevertheless, 1Q25 EBITDA grew by 33% YoY to PHP2.1b as a result of profitability gains across all
Slide 7: Volume growth driven by Flour and Agribusiness
Volume growth driven by Flour and Agribusiness Consolidated volume grew 8% YoY, driven by sustained volume growth in Flour, and Agribusiness, which was largely supported by strong demand across most markets, except Malaysia. This volume growth was tempered by the normalizing selling prices across se
Slide 8: EBITDA growth driven by margin expansion
EBITDA growth driven by margin expansion The 238bps overall improvement drove the 33% YoY growth in EBITDA to PHP2.1b as the prices of major raw materials, including wheat, soybean meal, and corn, declined significantly YoY. The significantly lower losses in our Meats segment was the result of our o
Slide 9: EBITDA growth translated to 87% increase in NIAT
EBITDA growth translated to 87% increase in NIAT The 33% EBITDA growth, along with a 28% reduction in interest expense, translated to an 87% YoY boost in Aboitiz Foods’ NIAT to PHP998m in 1Q25. All divisions contributed to the YoY earnings uplift, including notable turnarounds in Farms and Trading,
Slide 10: AboitizLand
AboitizLand
Slide 11: 1Q25 Results highlights
1Q25 Results highlights 1Q25 Results ● Consolidated revenue declined by 67% YoY to PHPm PHP333.9m due to higher forfeitures and delayed revenue recognition of booked sales. ● This translated to an EBITDA of PHP33.3m and a net loss of PHP75.8m in 1Q25. ● The deceleration in revenue recognition of boo
Slide 12: Refocusing sales strategy on quality and sustainability
Refocusing sales strategy on quality and sustainability The decline in reservation sales in 1Q25, mainly arising from lower sales of Mid-end developments, which was affected by the removal of our low equity schemes, was an expected trade-off of Aboitiz Land’s strategic shift to higher-quality sales.
Slide 13: 50% of sales are from our developments in South Luzon
50% of sales are from our developments in South Luzon The success of The Villages at LIMA Estate serves as a strong proof of increasing market demand for integrated communities in high-growth areas outside of Metro Manila, where businesses and residents seek well-planned environments with access to
Slide 14: Revenue declined by 67% in 1Q25
Revenue declined by 67% in 1Q25 ALand’s revenue recognition was impacted by (i) deceleration in revenue recognition of booked sales due to the extended DP schemes; (ii) higher revenue reversals from forfeitures of units with higher completion rates; and (iii) more prudent timing on new launches. Rev
Slide 15: Revenue decline translated to losses in 1Q25
Revenue decline translated to losses in 1Q25 Revenues generated in 1Q25 were not sufficient to cover Aboitiz Land’s overhead and operating costs. EBITDA NIAT PHPm PHPm 41
Slide 16: Integrated Communities Driving Growth
Integrated Communities Driving Growth By integrating residential, industrial, and infrastructure development, we are creating a thriving live-work community that meets the needs of both residents and businesses while driving sustainable growth for Aboitiz Land. Integrated communities at LIMA Estate
Slide 17: Aboitiz InfraCapital
(J ‘'raCapital Cosette Canilao President & CEO Aboitiz InfraCapital
Slide 18: 1Q25 Results highlights
1Q25 Results highlights 1Q25 Results ● The 53% year-on-year growth in consolidated PHPm revenue to PHP2.4b and 54% growth in EBITDA to PHP1.3b in 1Q25 were mainly due to the full contribution from the Mactan-Cebu International Airport, which was fully acquired last Oct 2024. ● Airports accounted for
Slide 19: Airport segment offset decline in Economic Estates
Airport segment offset decline in Economic Estates 1Q25 results align with expectations, with year-on-year operational growth across Airports, Water and Digital Infra; While EE growth is on track with revenue recognition to take place in the coming quarters. Revenue PHPb 1Q24 1Q25 YoY Remarks PHPm A
Slide 20: Beneficial EBITDA reached PHP1.3b in 1Q25
Beneficial EBITDA reached PHP1.3b in 1Q25 EBITDA performance mirrors revenue trends, with Airports serving as the primary growth driver. EBITDA Uplift due to 13% PHPm Reflects full increase in water contribution from volume distributed. MCIA, vs partial stake of 33% in 1Q24 EBITDA decline from EE is
Slide 21: Increased debt availments for investments
Increased debt availments for investments Revenue and EBITDA growth partially offset by higher financing costs from capital structure optimization; total debt at PHP45B as of Q1 2025, net debt-to-equity at 48:52; majority long-term, PHP-denominated, fixed-rate debt. NIAT PHPm PHP8.8b Incremental out
Slide 22: AIC continues to grow across key infrastructure sectors
1Q25: AIC continues to grow across key infrastructure sectors 330k Land Area Jobs Created Locators Mar’25 Households served 2,000 has 100K+ 250 10.0 MLD 250+ +0% YoY Demand 296 MLD as of Mar’25 +200has (+13%) YoY as of Mar’25 +6% YoY as of Mar’25 +4% YoY +0% YoY Customers Includes locators, commerci
Slide 23: Growing regional airport portfolio
Growing regional airport portfolio AIC has officially assumed operations of the Laguindingan International Airport, with the Bohol-Panglao International Airport handover in Jun 2025. Upon takeover, AIC will undertake a phased expansion; prioritizing capacity enhancements, elevating passenger experie
Slide 24: Sustained investment in future growth
Sustained investment in future growth Expansion plans are in place across all of AIC’s business segments. Economic Estates remains focused on expanding its extensive portfolio of industrial-anchored developments Unity Digital hosts The 40-ha expansion at Biz Hub at LIMA Estate is 2,200 tenancies aft
Slide 25: Building Transformative Infrastructure Ecosystems
BUILDING TRANSFORMATIVE INFRASTRUCTURE ECOSYSTEMS OUR EXPANDING ECOSYSTEM TARLAC CITY LUZON, VISAYAS, MINDANAO LIPA-MALVAR, BATANGAS LAPU-LAPU CITY, CEBU PANGLAO, BOHOL BALAMBAN, CEBU DAVAO CITY LAGUINDINGAN, MISAMIS ORIENTAL Economic Estates Water Digital Infrastructure Transport & Mobility 51
Slide 26: Equity Ventures
Equity Ventures Toto Hilado CFO Aboitiz Equity Ventures
Slide 27: 1Q25 Results highlights
1Q25 Results highlights ● AEV’s beneficial EBITDA in 1Q25 grew by 6% YoY to PHP13.6b due to higher contributions from our Food and Beverage segment, which continued to benefit from improving scale and soft commodity prices. ● However, 1Q25 net income declined by 36% to PHP3.2b, as our Power segment
Slide 28: Group beneficial EBITDA grew by 6% YoY in 1Q25
Group beneficial EBITDA grew by 6% YoY in 1Q25 Power continues to be AEV’s largest contributor in 1Q25 but growth was propelled by the Food and Beverage segment. Attributable EBITDA PHPb Power accounted for 59% of AEV’s beneficial EBITDA in 1Q25 PHPb 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 YoY Power 8.7 10.6
Slide 29: NIAT declined by 36% YoY
NIAT declined by 36% YoY Higher depreciation and interest expense from the Power and Infra segments dragged 1Q25 NIAT. NIAT PHPm 55
Slide 30: Snapshot of subsidiary level performances
Snapshot of subsidiary level performances • NIAT contribution to • NIAT contribution to • AboitizFoods’ and • AEV’s share in AIC’s • AEV’s share in AEV fell to PHP2.5b in AEV declined to CCEAP’s combined loss reached Alands’s loss 1Q25, from PHP4.2b in PHP0.7b in 1Q25, NIAT contribution to PHP207m i
Slide 31: CCEAP's reported revenue grew by 4% YoY in 1Q25
CCEAP’s reported revenue grew by 4% YoY in 1Q25 • Growth momentum was mainly driven by the 2.9% YoY growth in volumes. • All channels showed volume growth in 1Q25, with modern trade growth outpacing general trade. • Coca-cola classic products continue to lead growth. • CCEAP continues to have the hi
Slide 32: Balance sheet remains primed for expansions
Balance sheet remains primed for expansions Growth in consolidated asset base is attributable to ongoing expansions in Power and the full transfer of ownership of MCIA in October 2024. PHPm CONSOLIDATED PHPm PARENT LEVEL 31 Dec 2024 31 Mar 2025 31 Dec 2024 31 Mar 2025 Cash and Cash Equivalents 81,79
Slide 33: Together we are building the Philippines' first techglomerate
sh 612028 " Together we are building the Philippines’ first techglomerate
Aboitiz Equity Ventures — Q1 2025 Earnings Presentation on 6ix