Slide 1: Analysts' Briefing Nine Months 2021 Financial Results
ANALYSTS’ BRIEFING Nine Months 2021 Financial Results November 12, 2021
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 9M21 9M20 Inc/ (Dec) % Change REVENUES Banking 37.07 41.69 (4.62) (11.1%) Beverage 9.54 9.17 0.37 4.0% Distilled Spirits 18.84 17.32 1.52 8.8% Property Development 1.49 1.88 (0.39) (20.7%) Tobacco - - - Total Revenues 66.94 70.06 (3.12) (4.5
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 9M21 9M20 9M21 % to total Inc/(Dec) % 9M20 % to total Banking 24,436 3,998 13,769 138% 11,531 515% 2,238 14% Tobacco 13,319 12,172 13,266 133% 1,143 9% 12,123 75% Distilled Spirits 1,004 1,090 998 10% (
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Sep'21 Dec'20 Inc/(Dec) %Change Cash 229.1 304.1 (74.9) (24.6%) Total Assets 1,253.5 1,353.1 (99.6) (7.4%) Total Liabilities 999.8 1,097.6 (97.8) (8.9%) Total Equity 253.7 255.5 (1.8) (0.7%) D-E Ratio 3.94 4.30 (0.36) D-E Ratio (w/o bank
Slide 5: Income Statement (Banking)
Income Statement (In Php Millions) 9M21 9M20 Inc/(Dec) % BalanceSheet As of As of As of Net Interest Income (InPhpBillions) Sep'21 Sep'20 Dec '20 Interest Income 31,525 35,148 (3,623) (10%) COH&DuefromBanks 228 196 303 Interest Expense 5,770 9,054 (3,284) (36%) FAat FVTOCI (AFS) 136 87 134 25,755 26
Slide 6: Income Statement (Tobacco)
Income Statement (In Php Millions) 9M21 9M20 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 13,406 12,238 1,168 10% 13,406 12,238 1,168 10% Operating Expenses 117 121 (4) (3%) Operating Income 13,289 12,117 1,172 10% Other Inc./(Charges) 37 6
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 9M21 9M20 Inc/(Dec) % Sales Volume (liquor) 16.699 16.397 0.302 2% Sales Volume (bio, ltr) 40.925 21.108 19.817 94% Segment Revenue 18,926 17,351 1,575 9% Cost of Sales 16,191 14,531 1,660 11% Gross Profit 2,735 2,820 (85) (3%) Gross Profit Margin 14% 16% -2%pts OP
Slide 8: Income Statement (Beverage)
Income Statement (In Php Millions) 9M21 9M20 Inc/(Dec) % Segment Revenue 10,135 9,955 180 2% Cost of Sales 7,587 7,366 221 3% Gross Profit 2,548 2,589 (41) (2%) Gross Profit Margin 25% 26% -1%pt Operating Expenses 1,878 1,725 153 9% Operating Income 670 864 (194) (22%) Equity in net income (loss) 40
Slide 9: Income Statement (Property Development)
Income Statement ( I n P h p M illio n s ) 9M 21 9M 20 In c / (D e c ) % Segm ent Revenue R e s id e n t ia l 86 520 (4 3 4 ) (8 3 % ) L e a s in g 1 ,2 0 6 1 ,3 5 8 (1 5 2 ) (1 1 % ) C o s t o f S a le s R e s id e n t ia l 31 200 (1 6 9 ) (8 5 % ) L e a s in g 327 353 (2 6 ) (7 % ) G r o s s P r o