Slide 1: Analysts' Briefing FY22 Financial Results
ANALYSTS’ BRIEFING FY22 Financial Results March 17, 2023
Slide 2: Consolidated Income Statement Highlights
Consolidated Income Statement Highlights (In Php Billions) 2022 2021 Inc/ (Dec) % Change REVENUES Banking 50.84 49.32 1.52 3.1% Beverage 16.22 13.17 3.05 23.2% Distilled Spirits 31.56 26.65 4.91 18.4% Property Development - - - Tobacco 2.25 2.03 0.22 10.8% Total Revenues 100.87 91.17 9.70 10.6% Cost
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 2022 2021 2022 % to total Inc/(Dec) % 2021 % to total Tobacco 15,337 17,503 15,276 61% (2,157) -12% 17,433 86% Banking 11,766 34,022 6,611 26% (12,578) -66% 19,189 95% Distilled Spirits 1,469 1,242 1,46
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (In Php Billions) As of: 2022 2021 Inc/(Dec) % Change Cash 224.8 265.1 (40.4) (15.2%) Total Assets 1,268.1 1,311.8 (43.7) (3.3%) Total Liabilities 991.5 1,048.3 (56.8) (5.4%) Total Equity 276.7 263.5 13.1 5.0% D-E Ratio 3.58 3.98 (0.40) D-E Ratio (w/o bank) 0.14
Slide 5: Income Statement - Tobacco
Income Statement (In Php Millions) 2022 2021 Inc/(Dec) % Segment Revenue - - - Cost of Sales - - - Gross Profit - - - Equity in Net Earnings fr PMFTC 15,462 17,601 (2,139) (12%) 15,462 17,601 (2,139) (12%) Operating Expenses 298 168 130 77% Operating Income 15,164 17,433 (2,269) (13%) Other Inc./(Ch
Slide 6: Income Statement - Banking
Income Statement (In Php Millions) 2022 2021 Inc/(Dec) % As of As of Balance Sheet Net Interest Income Interest Income 45,245 42,402 2,843 7% (In Php Billions) Dec '22 Dec '21 Interest Expense 7,917 7,558 359 5% COH & Due from Banks 224 264 37,328 34,844 2,484 7% FA at FVTOCI (AFS) 158 168 Net Servi
Slide 7: Income Statement - Distilled Spirits
Income Statement (In Php Millions) 2022 2021 Inc/(Dec) % Sales Volume (liquor) 27.490 23.693 3.797 16% Sales Volume (bio, ltr)* 58.498 59.004 (0.506) (1%) Segment Revenue* 31,621 26,714 4,907 18% Cost of Sales 28,006 23,465 4,541 19% Gross Profit 3,615 3,249 366 11% Gross Profit Margin 11% 12% -1%pt
Slide 8: Income Statement - Beverage
Income Statement (In Php Millions) 2022 2021 Inc/(Dec) % Segment Revenue 17,225 13,922 3,303 24% Cost of Sales 13,429 10,653 2,776 26% Gross Profit 3,796 3,269 527 16% Gross Profit Margin 22% 23% -1%pt Operating Expenses 2,790 2,425 365 15% Operating Income 1,006 844 162 19% Equity in net income 61
Slide 9: Income Statement - Property Development
Income Statement (In Php Millions) 2022 2021 Inc/(Dec) % Segment Revenue Sales 225 138 87 63% Leasing 1,751 1,614 137 8% Cost of Sales Sales 225 55 170 309% Leasing 927 724 203 28% Gross Profit Sales - 83 (83) (100%) Leasing 824 890 (66) (7%) Gross Profit Margin Sales 00% 60% -60%pts Eton City Squar