Jg Summit Holdings Inc. · PSE:JGS
Jg Summit — Investor Presentation (December 2015)
21 slides from Jg Summit's investor presentation, December 2015
Slide 1: Investor Presentation
Lance Y. Gokongwei Chesca Bugia-Tenorio President & COO IR Director DECEMBER 2015 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward looking statements with respect to the financial condition, results of operations and businesses of JG Summit Holdings, Inc. (JG Summit). Such forward looking statements involve known and unknown risks, uncertainties and other factors which may c
Slide 3: Key Financial Highlights
| Z| JG SUMMIT HOLDINGS, INC. Key Financial Highlights
Slide 4: Sustained Growth and Profitability
Sustained Growth and Profitability (in Php Billions) 27% 9M 2014 9M 2015 169.8 3% 39% 20.7 133.2 15.7 16.1 14.9 32% 47.2 35.8 Revenue EBITDA Net Income * Core Net Income** *From equity holders of the parent ** after taxes Revenues up 27% in 9M 2015 driven by strong performance of core businesses
Slide 5: Strong Profit Contribution Across Businesses
Strong Profit Contribution Across Businesses REVENUE CONTRIBUTION NET INCOME* CONTRIBUTION 9M 2015: PhP169.8 Bn 9M 2015: PhP16.1 Bn Equity in NE Dividend Banking Cebu Air Php6.0bn Income Php2.2bn URC Petrochem 1% Petrochem 2.4 4% Php2.8bn Php5.3bn Php19.4bn Php1.3bn 15% RLC 2% 33% 11% 8% Php14.6bn U
Slide 6: Healthy Balance Sheet with Strong Funding Capacity
Healthy Balance Sheet with Strong Funding Capacity In PhP Billions (except ratios) CONSOLIDATED September 2015 December 2014 Growth Cash* 52.6 47.0 +12% Total Assets 577.3 558.8 +3% Financial Debt 193.5 201.8 -4% Net Debt 140.9 154.8 -9% D/E Ratio 0.69 0.77 -11% Net D/E Ratio 0.50 0.59 -15% PARENT T
Slide 7: Stable Cash Flow to Support Growth and Investments
Stable Cash Flow to Support Growth and Investments Cash Dividends Received Schedule of Parent Debt Maturities* (in PhP Billions) (in Php Billions) PHP USD 36.5 33.4 12.5 13.7 11.6 7.4 8.6 2016 2017 2018 2019 2020 7.3 * Less unamortized bond issuance costs Thereafter 6.1 Sept December Debt profile (P
Slide 8: Core Businesses
(4 Z| JG SUMMIT HOLDINGS, INC. Core Businesses
Slide 9: URC Financial Performance
URC Financial Performance* (in PhP Billions) 18% 109.1 FY 2014 FY 2015 92.4 23% 15% 9% 14.1 17.4 14.2 16.4 11.7 12.7 Revenues EBIT Core Earnings Net Income *Unaudited REVENUE EBIT EBIT MARGIN In Php Bn FY 2015 FY 2014 Growth FY 2015 FY 2014 Growth FY 2015 FY 2014 September fiscal year BCF PH 58.7 53
Slide 10: RLC Financial Performance
RLC Financial Performance* Revenues FY 2015 EBITDA Breakdown: Investment (in PhP Billions) Php 10.6 billion Portfolio: 82% Commercial Centers Office Buildings Hotels Residential P2.0 bn 15% 19.7 18% 17.1 P 0.6bn 6% P5.9bn P2.1 bn 56% 20% Development FY 2014 FY 2015 Portfolio: 18% *Unaudited Commerci
Slide 11: CEB Financial Performance
CEB Financial Performance OPERATIONAL HIGHLIGHTS (in PhP Billions) 9M 2014 9M 2015 10% 9M 9M Growth 42.3 38.4 EBITDAR Margin 2014 2015 23.3% 33.9% Passenger 12.5 13.7 +9.0 Volume (m) 60% 14.3 Seat Load Factor 84.2% 81.5% -2.7ppts 71% 8.9 2.1 3.6 Average Fare/Pax 2,372 2,353 -1.0 Revenues EBITDAR Net
Slide 12: Core Investments
Nd Z| JG SUMMIT HOLDINGS, INC. Core Investments
Slide 13: Core Investments
Core Investments Revenues Service Revenues Revenues (in Php Billions) (in Php Billions) (in S$ millions) 573.7 202.9 123.0 122.0 197.0 494.2 9M 2014 9M 2015 9M 2014 9M 2015 9M 2014 9M 2015 Core Net Income Core Net Income Net Profit* (in Php Billions) 15.8 (in Php Billions) (in S$ millions) 182.4 14.
Slide 14: Growth Businesses
7 Z| JG SUMMIT HOLDINGS, INC. Growth Businesses
Slide 15: Petrochem Performance Highlights
Petrochem Performance Highlights In PhP Millions 9M 2014 9M 2015 Sales Volume 3Q 2015 9M 2015 (MT) Revenues* 1,482.58 19,438.56 C2 (Ethylene) 18,336 43,831 Cost of Sales 1,517.25 16,756.91 C3 (Propylene) 14,697 14,697 Gross Profit (34.67) 2,681.64 EBITDA (214.94) 2,474.25 Pygas 46,157 124,815 EBIT (
Slide 16: Favourable Market Drivers
Favourable Market Drivers Brent (Crude) MOPJ (Naphtha) C2 (Ethylene) C3 (Propylene) C4 (Mixed C4) Pygas HDPE LLDPE PP 1,600 1,400 1,200 1,000 800 600 400 200 - Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 US$/ton Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Brent
Slide 17: Robinsons Bank Corporation
Robinsons Bank Corporation Revenues (in PhP Billions) 10% 2.2 2.0 28% 0.2 0.1 Revenues Net income Consolidated 9M 2014 9M 2015 Assets (P bn) 51.3 57.4 Equity (P bn) 5.6 12.0 Gross Total Loan Portfolio (P bn) 20.0 23.2 Gross NPLs (P bn) 1.0 1.11 Capital Adequacy Ratio 18.05% 36.84% Tier 1 Ratio 17.41
Slide 18: Capex Guidance & Plans and Prospects
Capex Guidance & Plans and Prospects
Slide 19: Manageable Group Capex Spending
Manageable Group Capex Spending 2015 CAPEX BUDGET 9M 2015 CAPEX SPENT PhP35.6 Bn PhP26.6 Bn Rbank URC Php0.2bn Rbank Php4.3bn 1% Cebu Air URC Php0.4bn Php8.7bn Php9.9bn Cebu Air 16% 1% 33% 28% Php13.2bn 37% RLC Petrochem Petrochem Php11.1bn Php2.3bn RLC Php0.7bn 42% 9% Php11.5bn 2% 32% URC: New ba
Slide 20: Plans and Prospects
Plans and Prospects Execute defensive strategies to protect market shares on coffee in the Philippines. Commission new bar line in New Zealand, biscuits & extruded lines in Myanmar, wafer & creams line in Thailand and fabricated lines in Indonesia Enter biscuits market in Indonesia and launch
Slide 21: Thank You!
JG SUMMIT HOLDINGS, INC. Thank You!
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