Slide 1: Analysts' Briefing FY2017 Financial Results
Analysts’ Briefing FY2017 Financial Results March 16, 2018
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 2017 2016 Inc/ (Dec) % Change REVENUES Banking 31.89 29.11 2.78 9.5% Beverage 12.95 10.93 2.02 18.5% Distilled Spirits 16.70 14.90 1.80 12.1% Property Development 2.23 2.85 (0.62) (21.8%) Tobacco 0.00 0.00 - - Total Revenues 63.77 57.79 5.98
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 2017 2016 2017 % to total Inc/(Dec) % 2016 % to total Banking 8,557 7,382 4,826 45% 686 17% 4,140 44% Tobacco 4,403 2,586 4,385 40% 1,809 70% 2,576 27% Distilled Spirits 631 908 631 6% (277) -31% 908 10
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2017 2016 Inc/(Dec) % Change Cash 174.0 174.7 (0.7) (0.4%) Total Assets 917.1 829.1 88.0 10.6% Total Liabilities 721.8 650.5 71.3 11.0% Total Equity 195.3 178.6 16.7 9.4% D-E Ratio 3.70 3.64 0.06 1.6% D-E Ratio (w/o bank) 0.15 0.15 0.00
Slide 5: Banking Income Statement
Income Statement (In Php Millions) 2017 2016 Inc/(Dec) % Balance Sheet As of As of Net Interest Income (In Php Billions) Dec '17 Dec '16 Interest Income 27,624 24,354 3,270 13% COH & Due from Banks 171 171 Interest Expense 5,552 4,808 744 15% AFS Investments 70 67 22,072 19,546 2,526 13% Loans and R
Slide 6: Tobacco Income Statement
Income Statement (In Php Millions) 2017 2016 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 4,367 2,587 1,780 69% S O F T TO B OX 4,367 2,587 1,780 69% TRANSITION Operating Expenses 141 153 (12) (8%) Operating Income 4,226 2,434 1,792 74% Oth
Slide 7: Distilled Spirits Income Statement
Income Statement (In Php Millions) 2017 2016 Inc/(Dec) % Sales Volume (liquor cases) 19.515 16.916 2.599 15% Sales Volume (bio liters) 30.628 38.548 (7.920) (21%) Segment Revenue 16,794 15,014 1,780 12% Cost of Sales 14,077 12,293 1,784 15% Gross Profit 2,717 2,721 (4) (0%) Gross Profit Margin 16% 1
Slide 8: Beverage Income Statement
Income Statement (In Php Millions) 2017 2016 Inc/(Dec) % Segment Revenue 13,893 11,850 2,043 17% Cost of Sales 9,592 7,819 1,773 23% Gross Profit 4,301 4,031 270 7% Gross Profit Margin 31% 34% -3%pts Operating Expenses 2,413 2,218 195 9% Operating Income 1,888 1,813 75 4% Equity in net income (loss)
Slide 9: Property Development Income Statement
Income Statement (In Php Millions) 2017 2016 Inc/(Dec) % Segment Revenue Residential 845 1,553 (708) (46%) Leasing 1,388 1,278 110 9% Cost of Sales Residential 500 1,089 (589) (54%) Leasing 308 254 54 21% Gross Profit Residential 345 464 (119) (26%) Leasing 1,080 1,024 56 5% Eton City Square, Greenf