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Lopez Museum Finds Its Contemporary Voice

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JUNE 2012 www.lopezlink.ph Sizzling listing: Rockwell joins the big boys. See story on page 3. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Ernest Concepcion presents Felix Resurreccion Hidalgo as a robot in his 2012 work “Hidalgo, the Super Multi-dimensional Time Bandit” in Beat, ongoing at the Lopez Museum Lopez Museum finds PHOTO BY EDGARD O its contemporary voice M O N DID you know that there is a place in the Philippines where you can find a museum, library and conservation laboratory sharing floor space? Its setup places the 52-year-old T AL Lopez Memorial Museum and Library apart from other Philippine museums. More than that, it is one that allows for a seamless and dynamic interaction among the institution’s B programs—exhibitions, education and conservation among them. Turn to page 6 AN Coming this June: The Lopez Lopez Group 1Q financial ‘X Factor Group is now on performance …page 2 Philippines’! …page 4 Facebook …page 5 Lopezlink June 2012 BIZ NEWS NEWS Lopezlink June 2012 1Q 2012 financial results of Lopez Group listed companies (unaudited) At the annual stockholders’ meet Net income attributable to equity TOTAL CONSOLIDATED REVENUES holders of the parent company 2011 2012 % change 2011 2012 % change AMML bullish on Rockwell Land total ABS-CBN P6.593B P7.149B 8 + P976M* P306M -69 FPH’s next 50 Lopez Holdings P6.593B P7.149B +8 P902M P2.634B +192 revenues up by 26% decades and will continue to do economy, LPZ growth 126% from P1.5B in 2010 to EDC P5.953B P7.704B +29 P1.382B P2.699B +95 so well into the future, wher- P3.4B in 2011. ROCKWELL Land Corpora- first-of-its-kind 700-seater Rockwell, located in Quezon First Gen $317.3M $390.6M +23 $19.2M $52.1M +171 In this milieu, AMML sees with the stock price of Lopez ever in the world we may be,” For first quarter of this year, tion registered a net income after performing arts theater. City, only began selling last FPH P16.335B P19.769B +21 P704M P5.200B** +639 the major investments of Lopez Holdings reaching an intra-day FPH chairman and chief exec- unaudited net income attribut- Holdings in ABS-CBN Cor- high of P6.95 in May 2011.” tax of P915 million in 2011, up Another ongoing develop- April 27 and is more than 50% utive officer Federico R. Lopez able to parent was P5.2B, sig- *Includes P674 million gain on the sale of SkyCable PDRs poration and First Philippine After the tender offer for by 14% from P801M in 2010. ment is The Grove by Rockwell, sold out. This new exclusive (FRL) said. nificantly higher than last year’s **Includes P3.339 billion gain on the sale of Meralco shares (2.66%) Holdings Corporation (FPH) LPZ unrestructured debt Total revenues amounted to P6.2 a 5.4-hectare residential devel- pocket community will be In its annual stockholders’ P704 million. This was mainly performing creditably. He ex- was completed in September billion, up by 26% from P4.9B opment in Pasig set to turn over home to 105 units with sizes meeting on May 28, 2012, FPH due to the recognition of the pects ABS-CBN to maintain 2011, the board approved the in 2010. Revenue growth was its first two towers by this year. ranging between 260 and 400 disclosed its financial results for gain on sale of Meralco shares Lopez Holdings attributable its ratings leadership locally first cash dividend of Lopez driven by residential sales due to Rockwell’s first townhouse square meters ready for turn- year-end 2011 and first-quarter amounting to P3.3B and higher and globally as it delivers news Holdings since becoming a higher booking of sales and con- development, 205 Santolan by over by next year. results for 2012. earnings contributions from the net income at P2.634B and entertainment content on publicly listed company in struction completion For 2011, net income at- energy and real estate businesses. in 2011 from ongoing LOPEZ Holdings Corporation Unaudited consolidated rev- vertising revenues which grew multiple platforms. He also 1993. “Although the rate was a tributable to parent was at P2.1 Removing the gain from sale, projects. reported P2.634 billion in net enues increased by 8% YoY to 4%. As for FPH, its recurring announced that ABS-CBN is modest P0.10 per share, it was billion, compared with P24.9B net income attributable to par- Formed in 1995, FPH chairman and CEO Federico income attributable to equity P7.149B from P6.593B as as- net income increased by 164%, set to launch digital television symbolic of corporate recovery, in 2010. The decrease in net ent was still higher at P1.9B. Rockwell Land’s R. Lopez holders of the parent for the first sociate ABS-CBN Corpora- showing the strength of its broadcast in the Philippines following years of utilizing the income was due to the P23.6B “At parent company FPH, not flagship project is the quarter of 2012. This is 192% tion led national primetime TV power generation portfolio. It and is just waiting for govern- company’s cash and resources AS First Philippine Holdings nonrecurring gain from sale of only do we intend to drive strate- Rockwell Center, a higher than the P902 million in ratings in 1Q 2012 and imple- is clear that earlier investments ment approval to do so. in solving its debt problems.” Corporation (FPH) celebrated its 6.6% ownership in Meralco gic clarity and accountability for Lopez Holdings chairman Amb. Fulfillment of ABS-CBN Lopez Group commit- 15.5-hectare mixed- net income attributable to equity mented higher advertising rates made by both ABS-CBN and its first 50 years in 2011, it in 2010 and the P5.0B final investment returns in our plat- Manuel M. Lopez mission ment use development in holders of the parent reported in beginning February 2012. FPH are now bearing fruit,” opens the next 50 years with a impairment loss of Energy form of businesses but we will AMBASSADOR Manuel M. Makati City. Current- the first quarter of 2011. This was “Outside of election-related said Lopez Holdings president, AMML lauded ABS- AMML renewed the com- new vision: “Uplifting lives by Development Corporation’s ensure that they must also work Lopez (AMML), chairman of ly under construction primarily due to the 826% year- spending, we have not seen any chief operating officer and CBN’s continued fulfillment mitment of the Lopez Group creating value in key industries Northern Negros Geothermal in synergy...We turn towards our Lopez Holdings Corporation is The Edades Tower on-year (YoY) increase in equity significant expansion in Philip- chief finance officer Salvador of its mission to serve Filipinos to the development of the and infrastructure that advance Plant in 2011. Without the next 50 with a ship that’s ready (LPZ), expressed confidence in and Garden Villas, in net earnings of associates to pine ad spend for many years. G. Tirona. all over the world. “ABS-CBN Philippines, aware that only national development.” gain on sale and impairment to brave new horizons and take the economy’s growth potentials which is expected to P2.417B from P261M, after This is why it was important As of December 31, 2011, Global offered innovative tier a prosperous people can be “The spirit of that vision has losses, recurring net income FPH to even greater shores,” and in the ability of the Lopez be completed within associate First Philippine Hold- for ABS-CBN to develop its Lopez Holdings held a 60.3% packages to address the needs truly free. “We have always inspired FPH for the past five attributable to parent grew by FRL said. (Hazel Velasco) Group to benefit from it. the first half of 2014. L-R: Lopez Group chairman emeritus Oscar M. Lopez, Rockwell Land ings Corporation (FPH) sold a consumer sales business. This economic interest in ABS- of subscribers adversely af- united ourselves with our Speaking before LPZ The company has also chairman Amb. Manuel M. Lopez, PSE chairman Jose Pardo, Meralco 2.66% stake (30 million shares) business grew faster in the first CBN and 46.6% in FPH. (Car- fected by the situation in the people’s aspirations for a better stockholders at their an- Middle East and Japan and, to tomorrow, putting ourselves at launched The Lopez Tower and president and CEO Manuel Pangilinan, Rockwell Land president in Meralco in January 2012. quarter at 15%, compared to ad- la Paras-Sison) Nestor J. Padilla, Rockwell Land directors Manuel Tordesillas, Elpidio nual meeting held in Rockwell some extent, in the US.” their service: to provide them Museum in Block 9 in Rock- L. Ibañez and Miguel L. Lopez First Gen attributable Center, AMML noted that The ambassador cited with services that improves well Center. The 20-story tower “the Philippine economy is FPH’s marking of its 50th the quality of their lives; to will be the new headquarters of ABS-CBN’s recurring net starting to draw the interest of anniversary in 2011. He said inspire them with the best in the Lopez Group and the new Rockwell Land lists net income up 171% investors around the world.” FPH might participate in the Filipino talent and ingenuity; home to the art and literature AMML said that the government’s public-private to provide them with clean, collections of the Lopez family. P9.1B worth of shares FIRST Gen Corporation re- power sales contracts of EDC’s tributed $20.1M to the compa- Still in Rockwell Center, income up by 1% Philippines has in fact been partnership program involv- indigenous and/or renewable BUOYED by its strong per- ing 6,228,382,244 common ported net income attributable Green Core Geothermal Inc.
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