JG Summit Holdings Inc. · PSE:JGS
JG Summit — Shareholder Meeting (June 2012)
11 slides from JG Summit's shareholder meeting presentation, Jun 28, 2012
Slide 1: JG Summit Holdings, Inc. Annual Stockholders' Meeting
JG SUMMIT HOLDINGS, INC. Annual Stockholders’ Meeting 28 June 2012
Slide 2: Major Developments
Major Developments Making Life Better ¾ February 2012: Successful overnight equity placement of 215m JGS secondary shares at PhP25.00/share increased free float by 3% and expanded average daily turnover from around US$400k preplacement to US$2.3m post placement. JG Summit now priced at PhP34.95/sha
Slide 3: Strong and Well-Diversified Business Portfolio
Strong and WellDiversified Business Portfolio Making Life Better Food Air Transport Property Core Growth Investments Businesses 8.0% 100.0% JG Summit Olefins 100.0% Corporation 60.6%* 61.0% 67.2% 36.1% 70.8%+ Largest snacks foods Largest airline Leading mall operator PLDT: Largest J G Petrochem: an
Slide 4: Growing Revenues and Earnings from Strong Operations
Growing Revenues and Earnings from Strong Operations Making Life Better Revenues (PhPbn) Revenue Drivers ¾ URC: Product innovation, strong distribution 127.6 9% 121.7 and International expansion. GR +13. 108.0 CA 99.1 ¾ CEB: Low fares, young and growing fleet, 76.7 internet ticket sales and growing
Slide 5: Robust Returns and Rising Dividends
Robust Returns and Rising Dividends Making Life Better ROCE & ROAE Comparison 35% ROCE 50% ROAE ¾ Anchored on fastgrowing businesses with 30% 45% large and addressable markets driven by 25% 40% 35% resilient consumer spending food, 30% property, airlines, telecoms. 20% 25% 15% 20% ¾ Achieved sus
Slide 6: Value from Growing and Stable Businesses
Value from Growing and Stable Businesses Making Life Better JG Group Stock Price Performance (vs. PCOMP)* ¾ Resilient earnings growth and sound URC: 68.90 fundamentals of core businesses now RLC: 17.90 attracting a wider investor base. JGS: 33.00 PCOMP: 5091 ¾ Stock price performance of parent and s
Slide 7: Strong and Conservative Balance Sheet
Strong and Conservative Balance Sheet Making Life Better Key Ratios As of the period 1Q2012 2011A 2010A 2009A ¾ Net D/E declined to 0.18:1 as of end Dec 2011 with the prepayment of the US$300m Net Debt/Equity Ratio 0.16:1 0.18:1 0.37:1 0.75:1 loan partly from proceeds of the PLDT share Gearing Ratio
Slide 8: Summary of Operating Performance
Summary of Operating Performance Making Life Better For the period ended 31 December (PhPbn) 2010 2011 % yoy 1Q2011 1Q2012 % yoy Revenues 105.20 123.06 17.0 29.41 33.48 13.8 Operating Income 20.61 17.04 17.3 4.41 4.28 3.1 Core Earnings before Taxes 17.93 16.29 9.1 3.93 5.89 49.9 Net Income attributa
Slide 9: Current Liquidity and Financial Condition
Current Liquidity and Financial Condition Making Life Better For the year ended 31 December (PhPbn) 2010A 2011A % yoy 1Q2011 1Q2012 % yoy Cash flows from operating activities 18.33 12.18 33.6 9.04 10.14 +12.2 CAPEX (20.13) (29.38) +46.0 (9.26) (7.21) 22.1 Cash flows from investing activities (ex C
Slide 10: Net Income by Segment
Net Income by Segment Making Life Better For the year ended 1Q2012 2011 31 December (PhPbn) Equity Equity % yoy % Net % yoy % Net Net Net Owned Income Growth Owned Income Growth Income Income Food 64.2 2.22 1.42 +78.9 64.2 4.64 2.98 40.7 Air Transportation 67.2 0.96 0.65 19.5 67.2 3.62 2.44 62.8
Slide 11: Thank You!
Thank You! 11