Slide 1: Analysts' Briefing: 1st Half 2023 Financial Results
ANALYSTS’ BRIEFING Click1sttoHalf edit Master 2023 Financialtitle style Results August 11, 2023 8/10/2023 1
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1H23 1H22 Inc/ (Dec) % Change REVENUES Banking 32.05 23.55 8.50 36.1% Beverage 8.11 7.60 0.51 6.7% Distilled Spirits 12.70 13.59 (0.89) (6.5%) Property Development 1.15 1.03 0.12 11.7% Tobacco - - - Total Revenues 54.01 45.77 8.24 18.0% Cost
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 1H23 1H22 1H23 % to total Inc/(Dec) % 1H22 % to total Tobacco 5,848 7,769 5,825 45% (1,913) -25% 7,738 50% Banking 9,762 11,151 5,519 42% (762) -12% 6,281 41% Distilled Spirits 626 564 623 5% 62 11% 561
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Jun '23 Dec '22 Inc/(Dec) % Change Cash 244.9 224.8 20.1 9.0% Total Assets 1,284.1 1,268.1 15.9 1.3% Total Liabilities 994.9 991.5 3.4 0.3% Total Equity 289.2 276.7 12.5 4.5% D-E Ratio 3.44 3.58 (0.14) D-E Ratio (w/o bank) 0.13 0.14 (0.0
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 1H23 1H22 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 5,677 7,804 (2,127) (27%) 5,677 7,804 (2,127) (27%) Operating Expenses 89 109 (20) (18%) BONDS Operating Income 5,588 7,695 (2,107) (27%) Other Inc./(
Slide 6: Income Statement (Banking)
Income Statement (In Php Millions) 1H23 1H22 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income (In Php Billions) Jun '23 Jun '22 Dec '22 Interest Income 28,277 20,808 7,469 36% Interest Expense 6,662 3,464 3,198 92% COH & Due from Banks 243 189 224 21,615 17,344 4,271 25% FA at FVTOCI
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 1H23 1H22 Inc/(Dec) % Sales Volume (liquor) 9.795 11.426 (1.631) (14%) Sales Volume (bio, ltr) 18.172 28.007 (9.835) (35%) Segment Revenue 12,738 13,622 (884) (6%) Cost of Sales 11,116 12,125 (1,009) (8%) Gross Profit 1,622 1,497 125 8% Gross Profit Margin 13% 11%
Slide 8: Income Statement (Beverage)
Income Statement (In Php Millions) 1H23 1H22 Inc/(Dec) % Segment Revenue 8,409 8,135 274 3% Cost of Sales 6,500 6,399 101 2% Gross Profit 1,909 1,736 173 10% Gross Profit Margin 23% 21% +2%pts Operating Expenses 1,336 1,326 10 1% Operating Income 573 410 163 40% Equity in net income 25 32 (7) (22%)
Slide 9: Income Statement (Property Development)
Income Statement (In Php Millions) 1H23 1H22 Inc/(Dec) % Segment Revenue Residential - - - Leasing 960 886 74 8% Cost of Sales Residential - - - Leasing 466 451 15 3% Gross Profit Residential - - - Leasing 494 435 59 14% Gross Profit Margin Eton City Square, Laguna Residential - - Leasing 51% 49% +2