Slide 1: Analysts' Briefing FY2021 Financial Results
ANALYSTS’ BRIEFING FY2021 Financial Results March 18, 2022
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 2021 2020 Inc/ (Dec) % Change REVENUES Banking 49.32 54.80 (5.48) (10.0%) Beverage 13.17 12.23 0.94 7.7% Distilled Spirits 26.65 25.00 1.65 6.6% Property Development 2.03 2.40 (0.37) (15.4%) Tobacco - - - Total Revenues 91.17 94.43 (3.26) (3
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 2021 2020 2021 % to total Inc/(Dec) % 2020 % to total Banking 34,022 2,762 19,189 95% 17,639 1138% 1,550 7% Tobacco 17,503 16,893 17,433 86% 608 4% 16,825 80% Distilled Spirits 1,242 1,118 1,238 6% 134
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2021 2020 Inc/(Dec) % Change Cash 265.1 304.1 (38.9) (12.8%) Total Assets 1,311.8 1,353.1 (41.3) (3.1%) Total Liabilities 1,048.3 1,097.6 (49.3) (4.5%) Total Equity 263.5 255.5 8.0 3.1% D-E Ratio 3.98 4.30 (0.32) D-E Ratio (w/o bank) 0.1
Slide 5: Banking Income Statement and Balance Sheet
Income Statement (In Php Millions) 2021 2020 Inc/(Dec) % As of As of Balance Sheet Net Interest Income (In Php Billions) Dec '21 Dec '20 Interest Income 42,402 46,951 (4,549) (10%) COH & Due from Banks 264 303 Interest Expense 7,558 11,130 (3,572) (32%) FA at FVTOCI (AFS) 168 134 34,844 35,821 (977)
Slide 6: Tobacco Income Statement
Income Statement (In Php Millions) 2021 2020 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 17,601 17,107 494 3% 17,601 17,107 494 3% Operating Expenses 168 172 (4) (2%) Operating Income 17,433 16,935 498 3% Other Inc./(Charges) 63 (11) 74 (6
Slide 7: Distilled Spirits Income Statement
Income Statement (In Php Millions) 2021 2020 Inc/(Dec) % Sales Volume (liquor) 23.693 23.899 (0.206) (1%) Sales Volume (bio, ltr) 59.004 30.589 28.415 93% Segment Revenue 26,714 25,032 1,682 7% Cost of Sales 23,465 21,361 2,104 10% Gross Profit 3,249 3,671 (422) (11%) Gross Profit Margin 12% 15% -3%
Slide 8: Property Development Income Statement
Income Statement (In Php Millions) 2021 2020 Inc/(Dec) % Segment Revenue Residential 137 642 (505) (79%) Leasing 1,614 1,758 (144) (8%) Cost of Sales Residential 55 240 (185) (77%) Leasing 724 467 257 55% Gross Profit Residential 82 402 (320) (80%) Leasing 890 1,291 (401) (31%) Gross Profit Margin R
Slide 9: Beverage Income Statement
Income Statement (In Php Millions) 2021 2020 Inc/(Dec) % Segment Revenue 13,922 13,280 642 5% Cost of Sales 10,653 9,830 823 8% Gross Profit 3,269 3,450 (181) (5%) Gross Profit Margin 23% 26% -3%pts Operating Expenses 2,425 2,324 101 4% Operating Income 844 1,126 (282) (25%) Equity in net income 47