Slide 1: Analysts' Briefing: Nine Months 2023 Financial Results
ANALYSTS’ BRIEFING Board Meeting Click to edit Master Nine Months title style 20223 May 9,Results Financial 2023 November 10, 2023 11/16/2023 1
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 9M23 9M22 Inc/ (Dec) % Change REVENUES Banking 48.97 36.31 12.66 34.9% Beverage 12.17 11.65 0.52 4.5% Distilled Spirits 21.39 21.89 (0.50) (2.3%) Property Development 1.80 1.49 0.31 20.8% Tobacco - - - Total Revenues 84.33 71.34 12.99 18.2%
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 9M23 9M22 9M23 % to total Inc/(Dec) % 9M22 % to total Tobacco 9,064 12,044 9,028 47% (2,968) -25% 11,996 59% Banking 13,523 11,487 7,644 40% 1,186 18% 6,458 32% Distilled Spirits 1,151 860 1,146 6% 291
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Sep '23 Dec '22 Inc/(Dec) % Change Cash 214.3 224.8 (10.4) (4.6%) Total Assets 1,299.5 1,268.1 31.4 2.5% Total Liabilities 1,005.2 991.5 13.8 1.4% Total Equity 294.3 276.7 17.7 6.4% D-E Ratio 3.42 3.58 (0.16) D-E Ratio (w/o bank) 0.13 0.
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 9M23 9M22 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 8,757 12,052 (3,295) (27%) 8,757 12,052 (3,295) (27%) Operating Expenses 127 158 (31) (20%) BONDS Operating Income 8,630 11,894 (3,264) (27%) Other In
Slide 6: Income Statement (Banking)
Income Statement (In Php Millions) 9M23 9M22 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income (In Php Billions) Sep '23 Sep '22 Dec '22 Interest Income 43,676 32,292 11,384 35% Interest Expense 10,636 5,515 5,121 93% COH & Due from Banks 213 209 224 33,040 26,777 6,263 23% FA at FVTOC
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 9M23 9M22 Inc/(Dec) % Sales Volume (liquor) 16.466 18.334 (1.868) (10%) Sales Volume (bio, ltr) 30.603 44.697 (14.094) (32%) Segment Revenue 21,446 21,933 (487) (2%) Cost of Sales 18,728 19,629 (901) (5%) Gross Profit 2,718 2,304 414 18% Gross Profit Margin 13% 11%
Slide 8: Income Statement (Beverage)
Income Statement (In Php Millions) 9M23 9M22 Inc/(Dec) % Segment Revenue 12,790 12,434 356 3% Cost of Sales 9,888 9,750 138 1% Gross Profit 2,902 2,684 218 8% Gross Profit Margin 23% 22% +1%pt Operating Expenses 2,070 2,046 24 1% Operating Income 832 638 194 30% Equity in net income 35 50 (15) (30%)
Slide 9: Income Statement (Property Development)
Income Statement (In Php Millions) 9M23 9M22 Inc/(Dec) % Segment Revenue Residential 14 - 14 100% Leasing 1,526 1,303 223 17% Cost of Sales Residential 7 - 7 100% Leasing 770 395 375 95% Gross Profit Residential 7 - 7 100% Leasing 756 908 (152) (17%) Gross Profit Margin Eton City Square, Laguna Resi