Jg Summit Holdings Inc. · PSE:JGS
Jg Summit — FY2024 Earnings Presentation
18 slides from Jg Summit's earnings presentation, Mar 27, 2025
Slide 1: FY2024 Unaudited Results Investor Briefing
FY2024 Unaudited Results Investor Briefing 27 March 2025
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward- looking statements with respect to the financial condition, results of operations and business of JG Summit Holdings, Inc. and its subsidiaries (JGS), as well as plans and objectives of the management of JGS. Such forward looking statements i
Slide 3: FY2024 Unaudited Results
A i FY2024 Unaudited Results
Slide 4: Topline expansion across all business units and merger gains lead JGS' core and net profits to improve YoY
Topline expansion across all business units and merger gains lead JGS’ core and net profits to improve YoY In Php billion % change • With a robust demand for travel and leisure, improving sales volumes for food FY23 FY24 YoY and beverage products, and increased petrochemical plant operations, JGS po
Slide 5: URC: International momentum underpinned FY results while domestic BCF begins to recover in 4Q
URC: International momentum underpinned FY results while domestic BCF begins to recover in 4Q Revenue ▲3% by division • Revenues rose 3% YoY, as URC's international business sustained its strong 157.8 161.9 growth momentum and offset a challenging but recovering PH environment. % chg vs LY • Operati
Slide 6: RLC: Investment portfolio outweighs the unfavorable conditions affecting the Residential segment
RLC: Investment portfolio outweighs the unfavorable conditions affecting the Residential segment Revenue ▲ 3% by division % chg vs LY • RLC’s investment portfolio saw a 14% growth in revenues YoY. This 4% 39.0 40.1 RLX & RDE outpaced the development portfolio’s decline which came from the lower 5% +
Slide 7: CEB: Double-digit topline growth propelled by higher volumes stimulated by more attractive fares
CEB: Double-digit topline growth propelled by higher volumes stimulated by more attractive fares Revenue ▲16% by division • Strong topline growth delivered on the back of double-digit growth across 104.9 % chg vs LY all segments, with Domestic and Short Haul routes making the most 90.6 27% Ancillary
Slide 8: JGSOC: Tough market conditions prevail, leading profits to slip YoY despite higher sales volumes
JGSOC: Tough market conditions prevail, leading profits to slip YoY despite higher sales volumes Revenue ▲33% by division 50.4 • Higher volumes across all products vs a low base in 2023 coupled with higher ASPs for aromatics and butadiene led to the significant jump in full- 38.0 % chg vs LY year re
Slide 9: Core Investments
Core Investments EQUITY INCOME(2) EQUITY INCOME(2) DIVIDENDS RECEIVED DIVIDENDS RECEIVED 11.9 9.8 3.3 2.6 2.3 2.5 0.7 - FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 • 21% growth YoY driven by • Improved hotel operations • Regular dividends grew to • JGS received its first record distribution sales plus h
Slide 10: Ecosystem Plays
Ecosystem Plays • Onboarded 5.4 million customers with over 300,000 new customers per month and grew deposit balance to Php25.4 billion as of end-2024 • Closed 2024 with a net promoter score (NPS) of 76, the highest in its industry • 2nd highest issuer of Visa debit cards in the Philippines • Introd
Slide 11: JGS: Strong financial foundation to support expansion
JGS: Strong financial foundation to support expansion Consolidated Parent Dec 2023 Dec 2024 % Chg Dec 2023 Dec 2024 % Chg Cash1,2 49.6 59.2 19% Cash1 12.2 12.0 -2% Financial Debt 301.7 317.1 5% Total LT Debt 63.1 73.5 17% Total LT Debt 238.1 250.9 5% Total ST Debt 6.2 5.0 -19% FX-Denominated 81.5 99
Slide 12: CAPEX grew 4% YoY driven by CEB's additional fleet plus RLC's investment portfolio development
CAPEX grew 4% YoY driven by CEB’s additional fleet plus RLC’s investment portfolio development FY24 2025B 98.3 • Continued investment in the Malvar • Carryover projects for 94.4 mega plant, with first commercial 3.8 the Malvar mega plant run expected within 2025 6.5 Others 22.0 Increases in various
Slide 13: Sustainability Updates
Sustainability Updates We progressed in our sustainability journey, We have moved throughout the years to improve our scores and achieve our targets. In focusing on our adoption of the new reporting the coming years, we will continue to engage with our ESG raters to maintain our scores. standards an
Slide 14: Thank You!
1G HOLDINGS, INC Thank You!
Slide 15: Appendix
1G HOLDINGS, INC Appendix
Slide 16: Corporate Structure
Market Capitalization: Corporate Structure ₱122.0 bn Strengthen and drive the full potential of Leverage on the synergies available within Maximize value through their steady stream these BUs our extensive network of businesses of cash flows and capital appreciation Food & Beverage Infrastructure Po
Slide 17: Balance Sheet (Unaudited)
Balance Sheet (Unaudited) (Php Millions) As of Dec 2023 As of Dec 2024 Cash & cash equivalents (including Financial assets at FVPL and financial assets at FVOCI) 53,606 62,504 Assets held for sale 170,694 - Other current assets 173,638 174,682 Investments in Associates and JVs - net 152,001 163,653
Slide 18: Income Statement (Unaudited)
Income Statement (Unaudited) (Php Millions) FY23 FY24 YoY REVENUES 343,355 379,695 11% Cost of sales and services 237,159 264,919 12% GROSS INCOME 106,196 114,775 8% Operating Expenses 57,156 64,835 13% OPERATING INCOME 49,039 49,941 2% Financing costs & other charges (16,255) (19,784) 22% Finance i