JG Summit Holdings Inc. · PSE:JGS
JG Summit — 1H 2015 Earnings Presentation
26 slides from JG Summit's earnings presentation, August 2015
Slide 1: Company Presentation August 2015
Making Life Better for Every Filipino AUGUST 2015 COMPANY 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
KEY FINANCIAL HIGHLIGHTS
Slide 4: Sustained Revenue Growth and Profitability
Sustained Revenue Growth and Profitability (in Php Billions) 27% 113.8 1H 2014 4% 33% 1H 2015 14.1 12.9 13.4 89.9 10.6 29% 32.0 24.8 Revenue EBITDA Net Income * Core Net Income** *From equity holders of the parent ** after taxes Revenues up 27% in 1HFY2015 from LY driven by strong performance of c
Slide 5: Sustained Revenue Growth and Profitability
Sustained Revenue Growth and Profitability REVENUE CONTRIBUTION NET INCOME* CONTRIBUTION 1H2015: PhP113.84 Bn 1H2015: PhP13.43 Bn Petrochem Banking Equity in NE Dividend Php12.1bn Php1.4bn Php4.2bn Income Cebu Air 11% 1% URC 4% 1.6 Php3.5bn Php3.5bn 1% 26% RLC 26% Php9.8bn 9% URC Petrochem Php54.9bn
Slide 6: Strong Balance Sheet
Strong Balance Sheet In PhP Billions (except ratios) CONSOLIDATED June 2015 December 2014 Growth Cash* 48.9 47.0 +4.0% Total Assets 576.3 558.8 +3.1% Financial Debt 186.6 201.8 -7.6% Net Debt 137.7 154.8 -11.1% D/E Ratio 0.65 0.77 -16.1% Net D/E Ratio 0.48 0.59 -19.3% PARENT Total Debt 95.8 110.6 -1
Slide 7: Stable Cash Flow to Support Growth
Stable Cash Flow to Support Growth Cash Dividends Received Schedule of Parent Debt Maturities* (in Php Billions) Php USD (in PhP Billions) 35.4 24.4 13.7* 11.2 7.4 9.0 5.3 8.6 8.7 2016 2017 2018 2019 2020 Thereafter * Less unamortized bond issuance costs 7.3 6.1 June December Debt profile (Parent) 2
Slide 8: Key Subsidiaries
KEY SUBSIDIARIES
Slide 9: URC Financial Performance
URC Financial Performance (in Php Billions) 9MFY15 Sales Contribution 18% 9M FY14 9M FY15 AIG CFG 81.9 Packaging P6.7bn Php6.5bn 69.2 Php0.8bn 8% 8% 1% BCFG PH Php43.1bn BCFG Int'l 53% Php24.8bn 24% 12% 30% 10.5 13.1 8.6 9.6 Sales EBIT Net Income* *attributable to equity holders of the parent Septem
Slide 10: URC Performance Highlights
URC Performance Highlights REVENUE EBIT EBIT MARGIN In Php Bn 9MFY15 9MFY14 Growth 9MFY15 9MFY14 Growth 9MFY15 9MFY14 BCF PH* 44.0 39.6 11% 8.0 6.3 27% 18% 16% BCF Intl 24.8 17.9 38% 2.9 1.9 51% 11% 11% Total BCFG 68.8 57.6 20% 10.8 8.2 32% 16% 14% AIG 6.7 6.2 8% 0.8 0.9 -3% 13% 14% CFG 6.5 5.5 18%
Slide 11: RLC Financial Performance
RLC Financial Performance (in Php Billions) 9MFY15EBITDA BREAKDOWN 9MFY2014 9MFY2015 Malls 12% Offices 14.6 13.1 Hotels Php0.5bn Php1.4bn Residential 6% 18% 16% 7.9 Php1.5bn Php4.5bn 17% 6.8 19% 57% 5.6 4.8 Investment Portfolio: 82% Development Revenues EBITDA EBIT September fiscal year Portfolio: 1
Slide 12: RLC Performance Highlights
RLC Performance Highlights BUSINESS PORTFOLIO Commercial Centers Office Buildings Hotels Residential 64 39 Malls 10 Office Buildings 14 Hotel Properties Residential Condominiums 1,087,000 sqm in GLA 2,174 rooms in 3 brand 34 275,000 sqm in NLA 2,024,000 sqm in GFA segments Housing subdivisions 95% l
Slide 13: CEB Financial Performance
CEB Financial Performance (in PhP Billions) Load 85.7% Factor 81.8% 1H 2014 1H 2015 22% 10% 9.2 11.7 8.5 29.5 EBITDAR Margin 2.1 26.7 9.2 1.9 26.1% 36.7% 55% 64% 10.8 7.0 5.2 6.6 7.1 3.2 1H 2014 1H 2015 1H 2014 1H 2015 Domestic International Revenues EBITDAR Net Income Jet Fuel Costs (in Php BN) Pas
Slide 14: CEB Performance Highlights
CEB Performance Highlights OPERATIONAL HIGHLIGHTS 1H 2014 1H 2015 Growth Passenger Volume (m) 8.5 9.2 +8% Seat Load Factor 85.7% 81.8% Average Fare/Pax (PhP) 2,446 2,474 +1% Ancillary/Pax (PhP) 519 552 6% Average Yield/Pax (PhP) 2,966 3,026 2% Cost/ASK (ex-Fuel) PhP 1.249 1.156 -7% Cost/ASK (PhP) 2.
Slide 15: Core Investments
CORE INVESTMENTS
Slide 16: Core Investments
Core Investments Revenues Service Revenues Revenues (in Php Billions) (in Php Billions) (in S$ millions) 132.2 134.0 82.6 384.3 81.2 315.8 1H 2014 1H 2015 1H 2014 1H 2015 1H 2014 1H 2015 Core Net Income Core Net Income Net Profit* (in Php Billions) (in Php Billions) (in S$ millions) 19.8 117.1 11.6
Slide 17: Growth Businesses
GROWTH BUSINESSES
Slide 18: JG Summit Petrochemicals Group Overview
JG Summit Petrochemicals Group Overview 18
Slide 19: Favourable Market Drivers
Favourable Market Drivers MPOJ Brent C2 C3 C4 Pygas HDPE LLDPE PP 700 1,600 1,600 600 1,400 500 1,200 1,200 1,000 400 800 800 300 600 200 400 400 100 200 - - - US$/ton Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Brent – crude 357 434 417 446 478 460 MOPJ(CFR-Japan) 427 527 527 548 576 566 C2 (CFR SEA)
Slide 20: Petrochem Performance Highlights
Petrochem Performance Highlights In PhP million 1H 2014 1H 2015 Sales Volume 2Q 2015 1H 2015 (in mT) Revenues 708.42 18,075.76 C2 (Ethylene) 7,051 25,495 Cost of Sales 688.01 16,791.38 Pygas 47,110 78,658 Gross Profit 20.41 1,284.38 HDPE 38,051 66,354 EBITDA (51.39) 1,238.10 EBIT (139.07) 693.15 LLD
Slide 21: Robinsons Bank Corporation
Robinsons Bank Corporation Revenue (in PhP Billions) 7% 1.3 1.4 48% 0.1 0.1 Revenues Net income ROBINSONS BANK BY 2020 In Php billions Take off 2014 Year 2020 Assets 50.0 200.0 Loans 26.0 130.0 Deposits 40.0 175.0 Equity* 5.0 17.0 Assets-Ranking *(out of 36 UB+KB) 18th 26th Deposits-Ranking* 17th 24
Slide 22: Capex Spending
CAPEX SPENDING
Slide 23: Sustained Group Capital Spending
Sustained Group Capital Spending FY2015 CAPEX BUDGET 1HFY2015 CAPEX SPENT PhP35.6 Bn PhP17.1 Bn Rbank Rbank Php0.1bn URC Php0.4bn URC Cebu Air Cebu Air 1% Php9.9bn 1% Php2.4bn Php5.4bn Php13.2bn 14% 32% 28% 37% RLC Petrochem Petrochem Php7.5bn Php1.6bn RLC Php0.7bn 44% 9% Php11.5bn 2% 32% URC: New
Slide 24: Plans and Prospects
PLANS AND PROSPECTS
Slide 25: 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 26: Thank You
JG SUMMIT OLD! THANK YOU.