Slide 1: Analysts' Briefing: 1st Quarter Financial Results
ANALYSTS’ BRIEFING 1st Quarter Financial Results May 13, 2022
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q22 1Q21 Inc/ (Dec) % Change REVENUES Banking 11.73 12.83 (1.10) (8.6%) Beverage 3.56 3.20 0.36 11.3% Distilled Spirits 6.30 5.58 0.72 12.9% Property Development 0.51 0.48 0.03 6.3% Tobacco - - - Total Revenues 22.10 22.09 0.01 0.0% Cost of
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 1Q22 1Q21 1Q22 % to total Inc/(Dec) % 1Q21 % to total Tobacco 4,224 5,030 4,207 64% (803) -16% 5,010 77% Banking 2,858 1,826 1,606 25% 590 58% 1,016 16% Distilled Spirits 333 235 330 5% 97 42% 233 4% Pr
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar '22 Dec '21 Inc/(Dec) % Change Cash 248.0 265.1 (17.2) (6.5%) Total Assets 1,257.3 1,311.8 (54.6) (4.2%) Total Liabilities 991.2 1,048.3 (57.1) (5.4%) Total Equity 266.0 263.5 2.5 0.9% D-E Ratio 3.73 3.98 (0.25) D-E Ratio (w/o bank)
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 1Q22 1Q21 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 4,244 5,056 (812) (16%) 4,244 5,056 (812) (16%) Operating Expenses 67 38 29 76% Operating Income 4,177 5,018 (841) (17%) Other Inc./(Charges) 50 15 35
Slide 6: Income Statement (Banking)
Income Statement (In Php Millions) 1Q22 1Q21 Inc/(Dec) % As of As of As of Balance Sheet Net Interest Income Interest Income 10,323 10,387 (64) (1%) (In Php Billions) Mar '22 Mar '21 Dec '21 Interest Expense 1,798 2,150 (352) (16%) COH & Due from Banks 246 243 264 8,525 8,237 288 3% FA at FVTOCI (AF
Slide 7: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 1Q22 1Q21 Inc/(Dec) % Sales Volume (liquor) 5.145 5.031 0.114 2% Sales Volume (bio, ltr) 15.219 9.428 5.791 61% Segment Revenue 6,314 5,609 705 13% Cost of Sales 5,495 4,939 556 11% Gross Profit 819 670 149 22% Gross Profit Margin 13% 12% +1%pt OPERATING EXPENSES S
Slide 8: Income Statement (Property Development)
Income Statement (In Php Millions) 1Q22 1Q21 Inc/(Dec) % Segment Revenue Residential - 56 (56) (100%) Leasing 438 424 14 3% Cost of Sales Residential - 21 (21) (100%) Leasing 204 112 92 82% Gross Profit Residential - 35 (35) (100%) Leasing 234 312 (78) (25%) Gross Profit Margin Residential - 63% -63
Slide 9: Income Statement (Beverage)
Income Statement (In Php Millions) 1Q22 1Q21 Inc/(Dec) % Segment Revenue 3,839 3,377 462 14% Cost of Sales 3,069 2,451 618 25% Gross Profit 770 926 (156) (17%) Gross Profit Margin 20% 27% -7%pts Operating Expenses 619 626 (7) (1%) Operating Income 151 300 (149) (50%) Equity in net income 15 20 (5) (