Jg Summit Holdings Inc. · PSE:JGS
Jg Summit — 9M 2013 Earnings Presentation
18 slides from Jg Summit's earnings presentation, Nov 11, 2013
Slide 1: Company Presentation
Company Presentation Nine Months Ending September 30,2013 11 November 2013
Slide 2: Strong and Well-Diversified Business Portfolio
Strong and Well-Diversified Business Portfolio JG SUMMIT HOLDINGS, INC. FOOD PROPERTY AIR TRANSPORT 61.0% 67.2% 55.7% Market Cap: US$0.74B Market Cap: US$2.15B Market Cap: US$6.44B GROWTH CORE INVESTMENTS BUSINESSES 8.0% Market Cap: US$14.36B 60% 100% JG Summit Olefins 37.0% Corporation Market Cap:
Slide 3: Leading Position in Core Businesses
Leading Position in Core Businesses Largest snacks foods and Second largest mall operator in Largest airline company in the beverage company in the the Philippines with 32 malls in Philippines Philippines operation and 910,000 sqm GLA. #1 in domestic market share #1 in snacks, chocolates, Wi
Slide 4: Growing Revenues and Earnings from Strong Operations
Growing Revenues and Earnings from Strong Operations Revenue EBITDA Core Earnings 160.0 140.0 135.3 123.5 120.0 110.9 105.6 101.4 100.0 93.9 80.0 60.0 40.0 28.2 29.1 21.2 25.3 22.0 25.9 17.9 16.3 19.5 14.8 17.8 20.0 10.3 - 2009 2010 2011 2012 9M2012 9M2013 in Php Bn 2009 2010 2011 2012 CAGR 9M 2012
Slide 5: Dividend Payout
Dividend Payout Dividends Paid (Php M) Payout Ratio(%) 1,400 14% 1,200 12% 1,000 10% 800 8% 600 6% 400 4% 200 2% - 0% 2009 2010 2011 2012 2013 DPS (PhP) 0.03 0.05 0.08 0.16 0.18
Slide 6: Consistent Share Price Performance
Consistent Share Price Performance JGS PCOMP 50.0 8,000 45.0 7,000 40.0 6,000 35.0 30.0 5,000 25.0 4,000 20.0 3,000 15.0 2,000 10.0 5.0 1,000 - Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 No
Slide 7: Healthy Financial Condition
Healthy Financial Condition For the period ending 9M201 %Yoy %Yoy 31 Dec (PhPbn) 2011 2012 Change 2 9M2013 Change Cash* (incldg Financial Assets and AFS Inv’ts) 57.35 41.31 -0.28 44.91 40.53 -0.10 Total Assets 313.63 340.30 +0.09 328.60 387.47 +0.18 Total Financial Debt** 90.61 81.11 -0.11 82.34 102
Slide 8: Universal Robina Corporation
Universal Robina Corporation Market Share Revenues CATEGORY MARKET #1 #2 #3 (in PhP billion) SHARE Snacks 39% URC 25% 8% Candies 37% URC 12% 11% 71.2 Chocolates 25% URC 10% 10% 67.2 Biscuits 16% 34% 28% URC Cookies 28% URC 24% 11% 60.1 Pretzels 44% URC 30% 13% 6% 53.0 Canned Beans 80% URC 8% 4% Cup
Slide 9: Universal Robina Corporation URC International
Universal Robina Corporation URC International (In PhP billion) Market Share Revenue EBIT THAILAND MARKET 20.2 CATEGORY #1 #2 #3 19.2 SHARE 5% Biscuits 23% URC 10% 10% 15.1 15.9 6% Wafers 26% URC 15% 12% VIETNAM* 10% 20% RTD Tea 36% 56% URC 1.4 1.7 1.4 1.5 Source: AC Nielsen Retail Index Exit Readin
Slide 10: Robinsons Land Corporation
Robinsons Land Corporation Revenues EBITDA Breakdown (in PhP billion) 9M FY2013: PhP 5.32bn 13.5 Hotels PhP PhP 12.8 12.4 Investment 6% 1.1bn 0.4bn 10.1 Office 16% 6% Portfolio: 80% 23% Buildings PhP Residential PhP 1.3bn 3.7bn Development 20% 58% Portfolio: 20% Commercial Centers 2011 2012 9M2012 9
Slide 11: Cebu Pacific Air
Cebu Pacific Air Revenues Operational Highlights (in PhP billion) 2012 % yoy 9M201 % yoy Chng 3 Chng 37.9 33.9 12% Total Passenger Volume (m) 13.3 +11.1 10.9 +11.6 30.6 27.9 10% Seat Load Factor 82.6% -3.7 83.0% +1.2 Ave. Fare/Pax (PhP) 2,232 -2.1 2,162 -3.1 Ancillary/Pax (PhP) 448 +18.0 469 +5.7 To
Slide 12: Core Investments
Core Investments Philippine Long Distance Telephone Co. United Industrial Corporation Service Revenues* Revenues (in PhP billion) (in S$ million) 10% 169.3 805.5 154.0 12% 711.5 119.1 2% 121.6 554.0 18% 454.4 2011 2012 9M2012 9M2013 2011 2012 9M2012 9M2013 *Sources: PLDT full year and 9M results pre
Slide 13: Robinsons Bank Corporation
Robinsons Bank Corporation Net Income (in PhP million) 427.8 409.7 No. of Branches 384.4 7% 353.5 85 21% 76 60 64 2011 2012 9M2012 9M2013 2011 2012 9M2012 9M2013
Slide 14: JG Summit Petrochemical Corporation
JG Summit Petrochemical Corporation Technical Shutdown • On technical shutdown since the start of the fiscal year in October 2012 to give way for the PE Capacity Expansion from 200,000 MT to 300,000 MT capacity and PP Rehabilitation Projects On Schedule • On schedule to complete the construction of
Slide 15: Plans and Prospects
Plans and Prospects Entry to Ethanol: Started USD 35M investment on a bio-ethanol facility to value-add on molasses, a sugar milling by-product Entry to Biomass Power Cogeneration:Plans to invest USD 62M to value-add on sugar business, by utilizing bagasse, a renewable residue from milling opera
Slide 16: Thank You!
‘4 JG SUMMIT HOLDINGS, INC. ITY we
Slide 17: Strong Operating Performance
Strong Operating Performance Growth 9M 9M Growth For the period ending 2011 2012 % 2012 2013 % 31 Dec (Php Bn) Revenues 123.50 135.25 +9.5 101.37 110.90 +9.4 Operating Income 17.35 20.57 +18.5 15.68 18.69 +19.2 Core Earnings before Taxes 16.28 19.47 +19.6 14.82 17.79 +20.1 Net income attributable to
Slide 18: Net Income By Segment
Net Income By Segment Ending 31 2011 2012 9M2013 December % Net Equity % Net Equity % YoY % Net Equity % YoY (PhP Bn) owned Income Net owned Income Net Chng owned Income Net Chng Income Income Income Food 64.2 4.64 2.98 60.6 7.74 4.69 +57.7 60.6 8.44 5.12 +46.9 Air 67.2 3.62 2.44 67.2 3.57 2.40 -1.5