Happy Birthday, OML! Staying, Grounded
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APRIL 2013 www.lopezlink.ph Championing the environment through the OML Center. See story on page 3. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Happy birthday, OML! Staying, grounded GROUNDED, the ongoing exhibit which is now entering its second month, continues the Lopez Museum’s penchant for one-word titles. This time around, “grounded” is a nod to the museum’s position as a cultural institu- tion, an examination of its relationship with different localities as it made its way from Turn to page 6 Lopez Holdings’ ‘Young Celyn’ April’s cool at 4th award from stars in ‘Annaliza’ Power Plant The Asset …page 3 reboot …page 4 Mall …page 12 Lopezlink April 2013 Biz News Biz News Lopezlink April 2013 On his birthday ABS-CBN recurring First Gen attributable Chairman emeritus’ love for Lopez Holdings gets 4th income increases by 23% net income at $186.1M nature celebrated in OML Center award from The Asset THE consolidated net income solidated revenues of P31.7B quisition of Destiny Cable. LOPEZ Holdings Corpo- that counts among its readers Asset Corporate Awards 2011, LOPEZ Group chairman Center for Climate Change Rodel Lasco, was appointed of ABS-CBN Corporation from advertising and consumer Total operating and other FIRST Gen Corporation re- Affiliate Energy Develop- from the purchase of BG’s stake ration received a Titanium Asia’s leading corporate and which was awarded in Hong emeritus Oscar M. Lopez’s Adaptation and Disaster Risk as lead author of the revised registered P1.708 billion for sales, a 13% increase compared expenses increased by 12% ported net income attributable ment Corporation (EDC) in the First Gas Plants. In 2013, Award, Conglomerates Sec- financial decision makers. It Kong in March 2012. (OML’s) affinity for nature Management Foundation Inc. supplementary methods and 2012, down by 29% compared to last year. to P26.2B brought about by to equity holders of the parent contributed $76.4M in earnings we continue to pursue more op- tor at The Asset Corporate received a Titanium Award for Lopez Holdings has come meant that his family “was FPH provided the initial good practice guidance arising with P2.420B in 2011. Re- ABS-CBN’s advertising increases in production costs, of $186.1 million for the year in 2012, a complete turnaround portunities for growth in each of Awards 2012. Corporate Governance a long way since its honorable always surrounded by trees, funding of P150 million to put from the Kyoto Protocol. moving the effects of the gain revenues reached P19.1B, an cost of sales and services, and ended December 31, 2012. This from the losses that arose in 2011 our platforms with the intention Lopez Holdings president and Investor mention ranking for corpo- animals and the outdoors.” up the foundation. As one of its main activities, from the sale of investments increase of 8% from a year ago. general and administrative was a significant increase from due to the impairment of the 49- of bringing these projects to Salvador G. Tirona and assis- R e l a t i o n s rate governance in The Asset First Philippine Holdings The foundation, as OML the IPCC prepares comprehen- recognized in 2011 amount- Consumer sales amounted to expenses. the $35.0M registered in 2011 MW Northern Negros geother- market starting 2014,” First Gen tant corporate secretary Ma. during The Corporate Awards 2008. It Corporation chairman Federico described it, is “a collaborative sive reports about the state of ing to P1.032B, net income P12.7B, posting a 19% in- Capital expenditure and resulting from the solid per- mal plant. The 305-MW Pal- president Francis Giles B. Puno Amina O. Amado received has consistently placed in the R. Lopez (FRL) said the fam- research effort that will look scientific, technical and socio- increased by 23%. The growth crease. SkyCable continues to film and program rights acqui- formance of each of the asset inpinon-Tongonan geothermal said. (Joel Gaborni) the award for the company in top quartile in the ily habitually communed with more deeply into climate economic knowledge on climate in recurring income was fueled be a major driver of growth with sition amounted to P4.9B, 18% portfolios, namely natural gas, power plants belonging to EDC Hong Kong in March. Corporate Gover- nature during weekends at the change and the natural haz- change, its causes, potential by strong advertising revenues revenues increasing by 32% to higher than the level of spend- geothermal and hydro. First likewise derived the full-year It is the fourth nance Scorecard Save the date farm, on hiking and camping ards that are created as a result, impacts and response strategies. and consumer sales. P5.9B. The growth in revenues ing in the previous year. (Paul Gen’s consolidated revenues benefits of the price adjustments April 23: award since 2008 for Publicly Listed ABS-CBN annual trips and on snorkeling and spe- on how some of these hazards The IPCC is the cowinner of the ABS-CBN generated con- is partly attributable to the ac- Michael Villanueva) rose by $163.3M, or 12.0%, of its power supply contracts. that the company Companies, a meeting, Dolphy Theater, 8am lunking excursions on “salbabida can be mitigated, and on how Nobel Peace Prize in 2007, with to $1.53 billion for 2012 from These positive developments May 7: EDC annual meet- received from The multi-party ini- $1.36B the prior year. were combined with the stellar ni Oskie,” as OML’s mother had we can improve our collective former US Vice Pres. Al Gore. Asset Publishing tiative led by the ing, Rockwell Tent, 10am dubbed his inflatable boat. ability to warn our countrymen The OML Center was also EDC core net income rises 89% to P9.89B With First Gen’s purchase performance of the 132-MW May 8: First Gen annual and Research Ltd., Institute for Cor- of the BG Group’s 40% stake Pantabangan-Masiway hydro- FRL further recalled, at a about impending hazards….” introduced by Lasco at the an integrated mul- porate Directors. meeting, Rockwell Tent, 10am tribute for his father that also The OML Center aims to Coastal Cities at Risk (CCaR) ENERGY Development Cor- COO Richard Tantoco said. of First Gen Hydro Power in the 1,000-MW Santa Rita electric power plants as higher May 7: FPH annual meet- timedia company (Carla Paras-Sison) poration (EDC) posted a con- “Our patient efforts are finally Corp. were the main sources and 500-MW San Lorenzo sales of electricity were gener- served as a launching of three “become a leading catalyst for 2013 international scientific ing, Rockwell Tent, 10am books published by the Lopez generating science-based solu- meeting held in Manila. He solidated recurring net income bearing fruit,” he added. for significant increase. natural gas-fired combined cy- ated from ancillary services May 8: Meralco annual of P9.89 billion in 2012, up For 2012, EDC’s full-year EDC remains the largest cle power plants (the First Gas and power sales. The hydro Group, that after resuscitating tions to climate-related risks discussed the center’s role in FPIP, Lopez Holdings achieve IiP certification meeting, Meralco Theater, FPH in 1986, one of the first and disasters in the developing helping reduce and manage 89% from P5.24B in 2011. electricity sales increased producer of geothermal energy Plants) last May, additional plants contributed an attribut- 9am FIRST Philippine Industrial run of business performance include bimonthly general as- “Our significant invest- by 16% to P28.4B from the in the Philippines accounting income of $35.8M from the able $59.9M to the company in May 9: things OML did was to reforest world.” the impacts of climate-related Park (FPIP) Inc. received its in the past four years with semblies, regular echo-train- Rockwell Land a 1,000-hectare tract of barren Less than a year after it hazards in the country. ments in the rehabilitation of P24.5B generated the previous for 62% of the total country acquired minority stake was 2012, compared with $25.5M annual meeting, Rockwell Investors in People (IiP) unsurpassed revenues and net ing sessions and annual self- our recent power plant acqui- year. Higher contracted rev- installed geothermal capacity. It booked. In total, the First Gas for the previous year. land in Bambang, Tarlac. was established, the center has The CCaR program aims bronze level certification in income in the industry.” improvement workshops for all Center, 9am To honor OML’s lifelong already taken part in a couple to develop the knowledge sitions drove the company’s enues by wholly owned subsid- has also obtained and is devel- Plants contributed $106.7M to “The year 2012 was an excel- May 0: Lopez Holdings ceremonies held during the FPIP is one of only five employees. growth in net income in iaries Green Core Geothermal oping geothermal concessions in the company’s attributable net lent year for First Gen, primarily advocacy to protect the envi- of notable conferences. base and enhance the capacity People Management Asso- bronze level recipients among “Undergoing the IiP ac- annual meeting, Dolphy ronment, the Lopez Group The OML Center was of megacities to successfully 2012,” EDC president and Inc. and ancillary service sales Chile and Peru. (Toni Nieva) income in 2012. due to the incremental 600-MW Theater, 8am ciation of the Philippines’ 50th the 22 IiP-certified companies creditation process has helped in 2012 partnered with the represented at the recent adapt to and, when necessary, general membership meeting in the Philippines. us continually engage our co- Ateneo de Manila University, Intergovernmental Panel on cope with risks posed by the at the Sofitel Philippine Plaza Meanwhile, Lopez Hold- workers in creative ways.