Lt Group, Inc. · PSE:LTG
Lt — Q1 2019 Earnings Presentation
9 slides from Lt's earnings presentation, May 10, 2019
Slide 1: Analysts' Briefing 1st Quarter 2019 Financial Results
ANALYSTS’ BRIEFING 1 Quarter 2019 st Financial Results May 10, 2019
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q19 1Q18 Inc/ (Dec) % Change REVENUES Banking 12.92 9.22 3.70 40.1% Beverage 3.60 3.11 0.49 15.8% Distilled Spirits 4.73 4.22 0.51 12.1% Property Development 0.65 0.58 0.07 12.1% Tobacco - - - -- Total Revenues 21.90 17.13 4.77 27.8% Cost o
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 1Q19 1Q18 1Q19 % to total Inc/(Dec) % 1Q18 % to total Tobacco 2,850 2,361 2,839 64% 487 21% 2,352 65% Banking 1,947 1,499 1,082 24% 249 30% 833 23% Distilled Spirits 234 135 229 5% 94 70% 135 4% Propert
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar '19 Dec '18 Inc/(Dec) % Change Cash 184.4 176.5 7.9 4.5% Total Assets 1,145.2 1,097.8 47.4 4.3% Total Liabilities 905.5 866.6 38.9 4.5% Total Equity 239.7 231.2 8.5 3.7% D-E Ratio 3.8 3.8 - D-E Ratio (w/o bank) 0.2 0.1 0.1 4
Slide 5: Income Statement (Tobacco)
Income Statement (In Php Millions) 1Q19 1Q18 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 2,693 2,288 405 18% 2,693 2,288 405 18% Operating Expenses 46 38 8 21% Operating Income 2,647 2,250 397 18% Other Inc./(Charges) 231 131 100 76% Prov.
Slide 6: Income Statement (Banking)
Income Statement (In Php Millions) 1Q19 1Q18 Inc/(Dec) % Balance Sheet As of As of As of Net Interest Income (In Php Billions) Mar '19 Mar '18 Dec '18 Interest Income 11,116 8,107 3,009 37% COH & Due from Banks 180 169 172 Interest Expense 4,026 1,691 2,335 138% 7,090 6,416 674 11% FA at FVTOCI (AFS
Slide 7: Income Statement (Tanduay Distilled Spirits)
Income Statement TANDUAY (In Php Millions) 1Q19 1Q18 Inc/(Dec) % DOUBLE RUM: Sales Volume (liquor) 5.036 4.787 0.249 5% Gold Award Sales Volume (bio, ltr) 10.734 7.987 2.747 34% by the Wine & Segment Revenue 4,726 4,243 483 11% Spirits Cost of Sales 3,907 3,520 387 11% Wholesalers of America, a Gros
Slide 8: Income Statement (Property Development)
Income Statement (In Php Millions) 1Q19 1Q18 Inc/(Dec) % Segment Revenue Eton Square Ortigas Residential 246 226 20 9% Leasing 400 353 47 13% Cost of Sales Residential 127 111 16 14% Leasing 99 81 18 22% Gross Profit Residential 119 115 4 3% Leasing 301 272 29 11% Gross Profit Margin Residential 48%
Slide 9: Income Statement (Beverage)
Income Statement (In Php Millions) 1Q19 1Q18 Inc/(Dec) % Segment Revenue 3,857 3,400 457 13% Cost of Sales 2,780 2,396 384 16% Gross Profit 1,077 1,004 73 7% Gross Profit Margin 28% 30% -2%pts Operating Expenses 666 556 110 20% Operating Income 411 448 (37) (8%) Equity in net loss (201) (194) (7) 4%