JG Summit Holdings Inc. · PSE:JGS
JG Summit — FY2016 Earnings Presentation
22 slides from JG Summit's earnings presentation, April 2017
Slide 1: 2016 Earnings Call
2016 Earnings Call April 2017
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
Slide 4: Key Financial Highlights
Key Financial Highlights (in PhP Billions) 5% 2015 2016 240.5 229.3 9% 52% 6% 7% 63.8 69.3 49.4 52.3 28.0 30.0 22.6 10.9 Revenue EBITDA EBIT Core Net Income Net Income* » Revenues grew 5% in 2016 driven by the strong performance of RLC, CEB and Petrochem. » EBIT and EBITDA grew 6% & 9% respectively,
Slide 5: Impairment Loss
Impairment Loss Available For Sale Investments (PLDT Shares) PLDT Share Price (in PhP Billions) 3,500 P2,331 /share 50.3 3,000 40.3 2,500 35.6 41% 2,000 23.6 1,500 10% 1,000 CAGR 2010-2016 500 P1,365 /share - Cost 2014 2015 2016 2010 2011 2012 2013 2014 2015 2016 » 52% decline in net income is due t
Slide 6: Strong Profit Contribution Across the Businesses
Strong Profit Contribution Across the Businesses NET INCOME* REVENUE DISTRIBUTION (in PhP Billions) (in PhP Billions) Equity in Net GBP, PhP 0.4 , 1% Earnings of Assoc., Php 8.2 , 3% Petrochem, UIC, Php 2.8 , PhP 29.1 , 9% 12% URC PhP 7.2 , Meralco, PhP 5.0 , 22% RLC, PhP 22.8 , 9% 15% URC, PhP Rban
Slide 7: Healthy Balance Sheet with Strong Funding Capacity
Healthy Balance Sheet with Strong Funding Capacity (in PhP Billions except ratios) CONSOLIDATED December 2016 December 2015 Growth Cash* 47.5 50.7 -6% Total Assets 666.3 596.3 +12% Financial Debt 221.1 201.4 +10% Net Debt 173.5 150.6 +15% D/E Ratio 0.71 0.71 -1% Net D/E Ratio 0.55 0.52 +6% Total Deb
Slide 8: Manageable Debt Profile
Manageable Debt Profile SCHEDULE OF PARENT DEBT MATURITIES* (in Php Billions) 32.0 24.4 5.3 Current 2018 2019 2020 2021 2022 and thereafter DEBT PROFILE (Parent) December 2016 December 2015 Total Debt (Php) 94.6bn 93.4bn Total ST Debt (Php) 32.9bn 8.9bn Net debt (Php) 75.4bn 72.1bn Blended Cost of L
Slide 9: Strong Recurring Cashflows at the JG Parent Level
Strong Recurring Cashflows at the JG Parent Level DIVIDENDS RECEIVED (in PhP Billions) 15.2 13.7 CAGR 2011 – 2016: 20% 12.6 8.6 7.3 6.1 2011 2012 2013 2014* 2015* 2016 URC RLC CEB PLDT UIC MER Others *Dividend income from UIC is in the form of scrip dividend. 9
Slide 10: CAPEX and Other Investments
CAPEX and Other Investments 2016 CAPEX: PhP41.9Bn 2016 Investments: PhP33.4Bn Others, Petrochem, Bank, PhP0.048, PhP2.0 , 5% PhP0.3 , URC, 0.1% 1% GBPC, PhP7.7 , PhP11.82, RLC 18% PhP12.7, 35.4% 30% 2017 CAPEX BUDGET: PhP 48.2 billion Snack Brands, CEB PhP21.58, 64.6% PhP19.1, 46% » URC: Capacity ex
Slide 11: JG Summit Holdings, Inc
JG SUMMIT HOLDINGS, INC
Slide 12: URC Overview
URC Overview (in Php Billions) KEY HIGHLIGHTS 1% » URC’s topline and EBIT were challenged by BCF 112.0 112.6 PH, Vietnam and Griffin’s business in Australia CY2015 CY2016 » BCF PH sales were flat due to slowdown in Q4 (Major categories that grew yoy were RTD Bev, Bakery and Noodles); EBIT decline is
Slide 13: RLC Overview
RLC Overview REVENUES EBITDA (in Php Billions) (in PhP Billions) KEY HIGHLIGHTS 12% » Strong top-line performance of 12% versus last year 8% 22.8 where: 20.3 12.1 » Malls: 8% from healthy 6% same mall rental revenue 11.1 growth; full-year contribution from lifestyle centers 34% 15% 33% 17% opened in
Slide 14: CEB Overview
CEB Overview (in Php Billions) 10% 2015 2016 KEY HIGHLIGHTS EBITDAR Margin » Revenues up 10% due to increase in 61.9 passenger revenues (+9%), cargo 56.5 revenues (+3%) and ancillary revenues(+13%). » CEB flew a total of 19.1M passengers for 20% 2016, up 4 % from last year » Defended its dominance i
Slide 15: Growth
| Growth JG SUMMIT HOLDINGS, INC
Slide 16: Petrochem Group Performance
Petrochem Group Performance NET INCOME (in PhP Billions) KEY HIGHLIGHTS 5.1 62% » Petrochemicals Group reported gross revenues of P29.1bn in 2016, up 8.6% YoY 3.2 » Sales volume grew by 19.1% » EBITDA margin of 24% in 2016 vs 15.7% in 2015 » Net income increased by 62% boosted mainly by higher capac
Slide 17: Robinsons Bank Overview and Performance
Robinsons Bank Overview and Performance REVENUES (in PhP Billions) 3.4 3.0 15% KEY HIGHLIGHTS 2015 2016 » As of Dec, 2016, Robinsons Bank has a network of 134 branches and 225 CONSOLIDATED 2015 2016* automated teller machines (ATMs) Assets* (PhP Bn) 57.68 78.04 » The bank is currently ranked 19th in
Slide 18: Core Investments
Core Investments
Slide 19: Core Investments
Core Investments REVENUES SERVICE REVENUES REVENUES REVENUES (in Php Billions) (in Php Billions) (in S$ millions) (in Php Billions) 1,036.6 258.4 257.2 162.9 157.2 18.5 17.6 807.2 2015 2016 2015 2016 2015 2016 2015 2016 CORE NET INCOME CORE NET INCOME NET PROFIT* REPORTED INCOME (in Php Billions) (i
Slide 20: JG Summit Holdings, Inc
JG SUMMIT HOLDINGS, INC
Slide 21: Plans & Prospects
Plans & Prospects » Outlook: Competition will further intensify with headwinds on input prices and forex » Plans to implement price increases, relaunch C2 and Rong Do to recover Vietnam business, and accelerate the synergies in the Oceania business » Focus on investment portfolio » Remain conservati
Slide 22: JG Summit Holdings, Inc
JG SUMMIT HOLDINGS, INC