Jg Summit Holdings Inc. · PSE:JGS
Jg Summit — Q1 2025 Earnings Presentation
16 slides from Jg Summit's earnings presentation, May 14, 2025
Slide 1: 1Q2025 Unaudited Results Investor Briefing
1Q2025 Unaudited Results Investor Briefing 14 May 2025
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements with respect to the financial condition, results of operations and business of JG Summit Holdings, Inc. and its subsidiaries (JGS), as well as plans and objectives of the management of JGS. Such forward looking statements in
Slide 3: Solid leisure demand and recovering consumption offset decline in residential and petrochemical sales
Solid leisure demand and recovering consumption offset decline in residential and petrochemical sales; ex-JGSOC, topline up 10% In Php billion % chg • Topline was buoyed by demand for leisure offerings and green shoots in 1Q24 1Q25 YoY consumption. These outweighed lower recognized revenues from res
Slide 4: URC: Strong volume growth across Branded Consumer Foods and Sugar
URC: Strong volume growth across Branded Consumer Foods (BCF) and Sugar business units boosted total revenues Revenue ▲7% by division 45.3 42.4 % chg vs LY • Accelerating momentum in BCF Philippines on operational execution 26% 27% and improving consumer sentiment; double-digit volume growth across
Slide 5: RLC: Steady investment portfolio growth countered lower residential sales
RLC: Steady investment portfolio growth continued to counter lower recognized sales of the Residential segment Revenue ▲1% by division % chg vs LY 10.5 10.7 3% 2% RDE -21% • Sustained growth in its investment portfolio led by malls and 4% 3% 21% 18% JVs -31% hotels compensated for lower residential
Slide 6: CEB: Robust passenger demand and network expansion
CEB: Robust passenger demand and network expansion facilitated the absorption of additional capacity introduced late last year Revenue ▲20% by division 30.4 • Passenger volumes surged 26% YoY, absorbing the 25% capacity 25.3 % chg vs LY increase and lifting seat load factor to 85%, but was tempered
Slide 7: JGSOC: Indefinite plant shutdown trimmed cash losses
JGSOC: Indefinite plant shutdown beginning Jan 2025 helped trim cash losses, with LPG trading also providing some cushion Revenue ▼46% by division 14.1 • Production halt led to decreased petrochemical sales volumes but this % chg vs LY was mitigated by a growing LPG trading business 84% 7.6 Petroche
Slide 8: Core Investments
Core Investments EQUITY INCOME(2) DIVIDENDS RECEIVED 2.5 2.7 1.1 1.1 1Q24 1Q25 1Q24 1Q25 • 9% YoY growth coming from higher • Dividend per share grew by Php1 to distribution utility sales volumes and Php47 (+2% YoY) improving contributions from the power generation segment 8 (1) In Php billion; (2)
Slide 9: Ecosystem Plays
Ecosystem Plays • Expanded customer base to 6.1 million vs 5.4 million as of end-2024 • Grew deposit balance by 14% from end-2024 to Php28.9 billion and loan book to Php4.2 billion • Remains to be the #2 issuer of Visa debit cards in the country and leads as the fastest-growing issuer in debit card
Slide 10: JGS: Healthy balance sheet ensures group's resilience and growth
JGS: Healthy balance sheet ensures group’s resilience and growth Consolidated Parent Dec 2024 Mar 2025 % Chg Dec 2024 Mar 2025 % Chg Cash1 58.4 55.5 -5% Cash1, 2 12.0 10.3 -14% Financial Debt 314.5 310.1 -1% Total LT Debt 73.5 82.1 12% Total LT Debt 248.3 246.8 -1% Total ST Debt 5.0 15.9 219% FX-Den
Slide 11: CAPEX shrunk 40% year-on-year
CAPEX shrunk 40% year-on-year as CEB’s capacity increases were already advanced in 2H24 20.3 1Q25 0.9 • Continued investment in the Malvar mega plant, with first Others commercial run expected within 2025 3.8 12.1 JGSOC • Development of investment portfolio, with Pagadian Mall, 0.2 Manila Redevelopm
Slide 12: Key Messages
Key Messages • JG Summit’s listed subsidiaries remained focused on working towards recovery, noting a positive momentum from various initiatives to counter industry-specific concerns: • URC sees improving volumes in its domestic branded foods business on the back of operational execution and improvi
Slide 13: Thank you
Thank you
Slide 14: Appendix
IGSUMMIT HOLDINGS, INC Appendix
Slide 15: Balance Sheet
Balance Sheet (Php Millions) As of Dec 2024 As of Mar 2025 Cash & cash equivalents (including Financial assets at FVPL and financial assets at FVOCI) 61,623 58,683 Other current assets 173,578 173,807 Investments in Associates and JVs - net 163,372 162,692 Property, plant, and equipment 286,294 285,
Slide 16: Income Statement
Income Statement (Php Millions) 1Q24 1Q25 YoY REVENUES 96,586 98,159 2% Cost of sales and services 66,375 68,225 3% GROSS INCOME 30,211 29,934 -1% Operating Expenses 15,975 16,135 1% OPERATING INCOME 14,236 13,800 -3% Financing costs & other charges (4,381) (5,192) 19% Finance Income 374 448 20% For