Slide 1: Analyst Briefing First Quarter 2015 Financial Results
Analyst Briefing First Quarter 2015 Financial Results May 15, 2015 CONQUERING CHALLENGES 1
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 1Q15 1Q14 Inc/ (Dec) % Change REVENUES Banking 6.30 6.39 (0.09) (1%) Beverage 3.21 3.01 0.20 7% Distilled Spirits 2.98 2.95 0.03 1% Property Development 0.64 0.54 0.10 19% Tobacco 0.00 0.00 - -- Total Revenues 13.13 12.89 0.24 2% Cost of Sal
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 1Q15 1Q14 1Q15 % to total Inc/(Dec) % 1Q14 % to total Banking 1,387 1,354 754 48% 7 1% 747 46% Tobacco 411 578 409 26% (167) -29% 576 36% Beverage 301 263 301 19% 38 14% 263 16% Distilled Spirits 75 (11
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: Mar 2015 Dec 2014 Inc/(Dec) % Change Cash 144.0 147.3 (3.3) (2.2%) Total Assets 690.1 696.8 (6.7) (1.0%) Total Liabilities 523.9 534.1 (10.2) (1.9%) Total Equity 166.2 162.7 3.5 2.2% D-E Ratio 3.2 3.3 (0.1) (4.0%) 4
Slide 5: Income Statement (Banking)
Income Statement Balance Sheet As of As of As of (In Php Millions) 1Q15 1Q14 Inc/(Dec) % Net Interest Income (In Php Billions) Mar '15 Mar '14 Dec '14 Interest Income 5,223 5,401 (178) (3%) COH & Due from Banks 140 177 144 Interest Expense 994 1,017 (23) (2%) AFS Investments 66 62 63 4,229 4,384 (15
Slide 6: Income Statement (Tobacco)
Income Statement (In Php Millions) 1Q15 1Q14 Inc/(Dec) % New Products: Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 415 480 (65) (14%) 415 480 (65) (14%) Operating Expenses 26 63 (37) (59%) Operating Income 389 417 (28) (7%) Other Inc./(Charges) 23 204
Slide 7: Income Statement (Beverage)
Income Statement (In Php Millions) 1Q15 1Q14 Inc/(Dec) % Segment Revenue 3,502 3,372 130 4% Cost of Sales 2,510 2,419 91 4% Gross Profit 992 953 39 4% Gross Profit Margin 28% 28% +0%pt Operating Expenses 578 594 (16) (3%) Operating Income 414 359 55 15% Other Inc./(Charges) 13 6 7 117% Prov. for Inc
Slide 8: Income Statement (Distilled Spirits)
Income Statement (In Php Millions) 1Q15 1Q14 Inc/(Dec) % Sales Volume 4.197 4.258 (0.061) (1%) Segment Revenue 2,991 2,957 34 1% Cost of Sales 2,418 2,450 (32) (1%) Gross Profit 573 507 66 13% Gross Profit Margin 19% 17% +2%pts OPERATING EXPENSES Selling Expenses 241 235 6 3% Admin.Expenses 178 173
Slide 9: Income Statement (Property Development)
Income Statement (In Php Millions) 1Q15 1Q14 Inc/(Dec) % Segment Revenue Residential 386 408 (22) (5%) Leasing 258 131 127 97% Cost of Sales Residential 300 350 (50) (14%) Leasing 55 52 3 6% Gross Profit Residential 86 58 28 48% Leasing 203 79 124 157% Gross Profit Margin Residential 22% 14% +8%pts