JUNE 2017 www.lopezlink.ph See story on page 5. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Helping businesses grow IN 2013, SKYcable launched SKYBIZ, a division that caters chiefly to the connectivity and content services needs of businesses big and small. Connectivity solutions refer to broadband, data and cloud, while content services can be in the form of cable TV, through SKYcable, and direct-to-home TV through SKYdirect. Turn to page 6 The chairmen Chris Lopez’s This one’s …page 3 new gig …page 12 speak …page 9 for Dad Lopezlink June 2017 Lopezlink June 2017 Biz News JANUARY TO MARCH 2017 FINANCIAL RESULTS (UNAUDITED) Rockwell still inspired Lopez Holdings attributable Total consolidated revenues Net income attributable to equity ‘This is a time for holders of the parent company to provide memorable net income at P1.04B 2016 2017 % change 2016 2017 % change new mind-sets, By Carla Paras-Sison experiences LOPEZ Holdings Corpora- 6% decrease in net income at- Holdings owned 46% of FPH ABS-CBN P9.894B P9.576B -3 P839.2M P421.9M -50 tion reported P1.042 billion tributable to equity holders of and 56% economic interest in Lopez Holdings P22.726B P25.422B +12 P1.291B P1.042B -19 new capabilities’ Excerpt from the remarks by which we have approached and in net income attributable to the parent while ABS-CBN ABS-CBN. EDC P9.096B P9.612B +6 P3.045B P3.086B +1 chairman Amb. Manuel M. Lo- evaluated every one of our proj- Excerpt from the remarks by with 2014, 2015 and 2016—in equity holders of the parent for Corporation registered a 59% First Gen $420.4M $428.4 +2 $58.6M $41.3M -30 pez at the Rockwell Land Corpo- ects. chairman Federico R. Lopez at quick succession—having been the first quarter of 2017. This is decrease in net income during Lopez Holdings FPH P22.726B P25.422B +12 P2.039B P1.909B -6 ration annual stockholders’ meet- We look forward to deliver- the First Philippine Holdings the hottest years on historical re- 19% lower than the P1.291 bil- the period. ROCK P2.014B P3.070B +52 P340.1M P516.2M +52 ing held at the Power Plant Mall ing the Rockwell touch to many announces June Corporation annual stockholders’ cord. According to the National lion in net income attributable Unfavorable forex movement Cinema on May 31, 2017. more of our developments. We meeting held at the PSE Audito- Aeronautics and Space Admin- to equity holders of the parent during the period partially offset cash dividends are specifically excited about rium on May 29, 2017. istration, the combined Arctic reported in the first quarter of the effect of growth in the recur- I am proud to report Rockwell further establishing our pres- LOPEZ Holdings Corpora- Unfavorable forex affects Q1 financials and Antarctic sea ice numbers 2016, on account primarily of ring earnings of the FPH Group. tion announced cash dividends First Philippine Holdings Land’s growth in 2016. It was ence in hotel and leisure. Our Rockwell chairman Amb. Manuel The weakness of the peso First Philippine Holdings Cor- tion. Excluding forex and other AT last year’s annual sharehold- last February 13, 2017 were at forex losses during the period. Excluding forex and other non- of P0.10 per share to stock- Corporation chairman Federico R. a result of the many disciplines very first Aruga Hotel in Rock- M. Lopez against the US dollar in the poration (FPH) and Lopez nonrecurring items, FPH’s net ers’ meetings, FPH and the their lowest point since satellites Unaudited consolidated rev- recurring items, attributable holders of record as of June 1, Lopez developed by the Rockwell well Center will open with first quarter of 2017 led to for- Holdings Corporation, which income attributable to equity various companies in our group began to continuously measure enues increased by 12% year- earnings of FPH increased by 2017 and payable on or before team over the years: planning around 200 rooms in two years’ lifestyle spaces, we will con- eign exchange losses for Lo- consolidate their financial state- holders of the parent increased pledged that we would no longer them in 1979. Since that period is not some distant future event; on-year to P25.422 billion 12%. ABS-CBN ad revenues de- June 16, 2017. The dividend carefully and innovating con- time. We also plan to expand tinue to work on providing pez Group units with foreign ments. There was growth in the by 12%. Meanwhile, the lack of consider developing or investing we’ve, on average, “lost a chunk it’s here, it’s now, and it’s affecting from 22.726 billion. creased by 13% while total costs declaration was approved dur- stantly, listening to the market this segment geographically as the members of the Rockwell currency-denominated debt. recurring earnings of the FPH election-related advertising led in coal-fired power plants. When of sea ice larger than Mexico”! the very people and communities First Philippine Holdings and expenses increased by 3%. ing the board’s regular meeting and responding appropriately, Rockwell sets foot in Mactan, community positive memo- The power group was affected, Group, as well as better margins to a slow start for ABS-CBN we made that decision to close Last April 18, 2017, another we love and serve. Corporation (FPH) posted a As of March 31, 2017, Lopez on May 18, 2017. learning from mistakes and ad- Cebu with its first beachfront rable experiences. We remain including holding companies for Rockwell Land Corpora- Corporation. (CPS) the door to any of our compa- record was broken when the This is why the rush away from hering to quality, and anticipat- resort development. greatly inspired by our new nies putting up coal-fired power CO2 level in the atmosphere fossil fuels and toward renewables ing and managing risk. These After more than two de- vision statement—“To create plants, it was not an easy one. breached the 410 ppm thresh- needs to accelerate; the world will are the solid disciplines with cades of creating living and Turn to page 5 FPH attributable net Even today, we are the only large old. We’ve used up 90% of that need to deploy technology to First Gen recurring net income rises by $45M energy company in the country carbon concentration budget as utilize energy more efficiently in income hits P1.9B FIRST Gen Corporation re- $420 million for the first quar- by $15 million to $19 million in cillary Service contract in Feb- that has done so unequivocally. most scientists agree we should our buildings and homes; we will Recently, we’ve been inundat- not go beyond 450 ppm. FOR the first quarter ended ings from the real estate and ported recurring net income ter-ended last year. the first quarter of this year. ruary 2017. Consequently, the need to protect and enhance the ed by even more global evidence Our country is ground zero trees and oceans that today still SKYdirect invades Bicol March 31, 2017, First Philip- manufacturing sectors, partly attributable to equity holders The natural gas portfolio ac- Energy Development Corpo- attributable earnings contribu- telling us that we have much less for the calamitous effects of pine Holdings Corporation reduced by the decrease in of the parent of $45 million for counted for $233 million, or 54% ration’s (EDC) geothermal, wind tion of FG Hydro was lower by absorb half the world’s emissions; IT was a long weekend well- HD, Disney, Nickelodeon, Plan 250 and Plan 450 vari- time to act than originally be- global warming. None of us will (FPH) posted an attribut- First Gen’s income. the first three months of 2017. of First Gen’s total consolidated and solar revenues accounted for $3 million at $6 million in the and we need to transform our spent for Bicolanos who partied Warner TV HD, RTL-CBS ants. lieved. Global warming is already ever forget the aftermath of ty- able recurring net income Net income attributable to This was an 11% decrease from revenues. Their revenues were $177 million, or 41% of total first three months of 2017. food system from a major green- with Kapamilya actor Marlo Entertainment, TLC, AXN RMK Electronics, Garcia wreaking havoc on the Earth’s phoon Yolanda (Haiyan) and (RNI) of P2.0 billion, higher FPH decreased to P1.9 billion the $51 million it made in the 2% higher for the first quar- consolidated revenues. “We intend to continue the house gas emitter into one that’s Mortel during the first leg of HD and History HD are also Store, Doran Store, Cosmo water cycles and creating weath- the immense suffering of com- by P212 million or 12% ver- from last year’s P2.0 billion as same period last year. ter of 2017 mainly due to the Attributable earnings from positive changes we have made at least GHG neutral. “Maki-JAM with SKYdirect” in available on SKYdirect. Flow, Allycom, Adajo Electron- er extremes like we’ve never seen munities who lost loved ones and sus last year’s P1.8 billion. the improvement in RNI was The company’s merchant fresh contributions of the 97- EDC (excluding FG Hydro) throughout First Gen for the rest However, as more renew- Legazpi City, Albay recently. Subscribing to SKYdirect is ics, Daz Store, Rody Store, Aso before; and it is accelerating whatever few possessions they The growth was driven by offset by the unfavorable forex power plants suffered from lower megawatt (MW) Avion Peak- were flat at $30 million in the of the year.