DEC. 2018-JAN. 2019 www.lopezlink.ph Season’s greetings from our chiefs. See page 5. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Nothing shines brighter than Christmas at Rockwell! GOING green has never looked this cool as Power Plant Mall dials down with a more monochromatic color palette for #ChristmasAtRockwell 2018. Turn to page 6 ‘Tis the Our nine-month Scholar set to fulfill engineering season financials…page 2 dream…page 9 to plan!…page 12 2 Lopezlink Dec. 2018-Jan. 2019 Lopezlink Dec. 2018-Jan. 2019 Biz News JANUARY TO SEPTEMBER 2018 FINANCIAL RESULTS (UNAUDITED, CONSOLIDATED) UNAUDITED NET INCOME PERIOD UNAUDITED TOTAL REVENUES ATTRIBUTABLE TO EQUITY HOLDERS ‘Box City’ wins 1st place JANUARY- OF THE PARENT SEPTEMBER 2017 2018 % change 2017 2018 % change in SF Press Club awards ABS-CBN P29.512B P29.489B -0.08 P2.412B P1.627B -32 LPZ P77.944B P91.188B +17 P3.160B P3.911B +24 CARDBOARD roofs and ply- Non-Fiction Programme Series Abunda in Best Current Affairs wood floors cramped beneath category. Presenter for “The Bottomline” EDC P24.596B P27.750B +13 P5.965B P6.074B +2 the majestic backdrop of San “Lines and Letters” is a digital which is also nominated in the First Gen $1.278B $1.462B +14 $100.806M $151.042M +50 Francisco’s high-rise apartments, series evoking inspiring real-life Best Talk Show category, and P7.061B FPH P77.944B P91.188B +17 P4.585B +54 sparkling condominiums and stories of overseas Filipinos. The Maja Salvador who is nomi- ROCK P10.721B P12.201B +14 P1.612B P1.878B +17 million-dollar homes are cap- stories are narrated through spo- nated in the Best Actress in a tured in the “Balitang America” ken poetry and visually trans- Leading Role category for her Lopez Holdings’ 25th anniversary on PSE Lopez Holdings Corporation (LPZ) marked its documentary, “Box City.” It is lated through different hand-art performance in “Wildflower.” 25th listing anniversary at the Philippine Stock Exchange (PSE) on November 26, 2018, with top officials ringing the also an encampment that people mediums. Asian Television Awards opening bell to signal the start of trading for the week. Photo shows LPZ chairman and CEO Manuel M. Lopez (4th Comparative profits lower in the community call home. Other nominees in the cate- recognizes excellence in pro- from left) and LPZ president Salvador G. Tirona (3rd from left) with (l-r) LPZ independent directors Cesar E.A. Virata First Philippine Holdings First Gen accounted for $140 theless, ABS-CBN programs “Box City” won first place in gory are “The Remix-India S07” gramming, production and and Lilia Bautista, PSE chairman Jose Pardo, PSE president and CEO Ramon Monzon, LPZ independent director Corporation posted higher million in recurring earnings continuously filled out the top the TV/Video Documentary by Amazon Prime Video from performance. For over a decade Monico Jacob and PSE chief operating officer Roel Refran.(PHOTO BY: PSE) category of San Francisco Press India, “After School Club #310” now, it has showcased and given Sen. Grace Poe (4th from left) spoke at the first Aviation Safety Day organized by the AsBAA. Also in photo are revenues for the first nine during the period. Meanwhile, 10 highest rating programs in (l-r) IBAC director general Kurt Edwards, AsBAA vice chairmen Gary Moran and Phil Balmer, CAAP deputy director Club’s 41st Annual Greater Bay by Arirang/Arirang Kpop/After recognition to quality television months of the year, driven by ABS-CBN Corporation con- September 2018 led by “FPJ’s general Donaldo Mendoza and AsBAA Philippine chapter chairman and INAEC president Benjamin R. Lopez stronger electricity sales from tinued to face the challenge Ang Probinsyano” which re- Area Journalism Awards, best- School Club from Korea and productions within Asia. First Gen’s natural gas plants. of an industry-wide decline ceived an average national TV ing AJ+’s “War on the Korean “Wrong Say Do Season 1” by The 23rd Asian Television The natural gas platform of in advertising sales. None- rating of 41.6%. (CPS) Peninsula.” Mello Original from Thailand. Awards ceremony will be held in Lopez Holdings net The team behind “Box Also nominated are Boy Malaysia on January 11, 2019. CAAP recognizes business City”—producer/writer Henni Espinosa, director of photogra- income at P.911B First Gen recurring earnings phy Jeremiah Ysip, cameraman aviation’s role, needs By Carla Paras-Sison Patrick Luna, editor Jon Santos THE Civil Aviation Author- and humanitarian action. the creation of a Philippine up by 45% YoY to $180M and graphic designer Mike Car- ity of the Philippines, through Kurt Edwards, director gen- Airports Authority, which will LOPEZ Holdings Corpora- Philippine Holdings Corpo- due to stronger operating prof- rion—were awarded certificates deputy director general Captain eral of the International Avia- take charge of upgrading airport tion reported P3.911 billion ration (FPH). its from all business segments. FIRST Gen Corporation re- deleveraging initiatives. Savings ness of clean low-carbon natu- of excellence for their work. Donaldo Mendoza, recognized tion Council (IBAC), explained services and facilities to interna- in net income attributable Unaudited consolidated rev- Meanwhile, investee ABS- ported improved recurring net in interest expense likewise off- ral gas-fired power versus more The yearly event honors the the role of business aviation in that the International Standards tional levels. to equity holders of the par- enues increased by 17% year- CBN Corporation registered a income attributable to equity set unrealized foreign exchange polluting coal-fired power even outstanding work of Bay Area “connecting our archipelagic for Business Aviation Opera- Congressman Cesar Sarmien- ent for the first nine months on-year to P91.188 billion 35% decrease in net income dur- holders of the parent at $180 losses and higher deferred taxes. at full baseload dispatch,” First print, TV, radio and digital me- country” as “for years, air travel tions (IS-BAO), launched in to, chairman of the House of of 2018. This is 24% higher from P77.944 billion. ing the period. ABS-CBN re- million (P9.4 billion) in the First Gen’s consolidated rev- Gen president and COO Giles dia journalists, graphic designers has transported people and 2002 for aircraft operators, and Representatives Committee on than the P3.160 billion in net FPH posted a 54% increase ported flat revenues, with airtime first nine months of 2018. This enues from the sale of electric- Puno said. and photographers, as well as the cargo to their destination in the the International Standards for Transportation, through his rep- income attributable to equity in net income attributable to sales down by 3% while total costs was a 45%, or $56 million (P3.2 ity increased by $184 million Energy Development Cor- work of documentary filmmak- safest and most efficient way.” Aviation Handling (IS-BAH), resentative, echoed Senator Poe’s holders of the parent reported equity holders of the parent, and expenses increased by 4%. billion) jump from $124 mil- (P12.2 billion), or 14% to $1.5 poration’s (EDC) geother- ers. Speaking at the Philippine launched in 2014 for ground call for better infrastructure. He in the first nine months of with higher revenues driven by As of September 30, 2018, lion (P6.2 billion) in 2017. The billion (P76.2 billion) com- mal, wind and solar revenues Meanwhile, The Filipino Aviation Safety Day organized handlers, are voluntary stan- supports “an overall long-term 2017 on account of better fi- electricity sales of First Gen’s Lopez Holdings owned 47% of company’s natural gas platform pared to $1.3 billion (P64.0 accounted for $476 million Channel’s (TFC) digital series by the Asian Business Aviation dards adopted by those who aviation plan,” streamlining the nancial results of the energy natural gas plants. Recurring FPH and 56% economic inter- surged and delivered recurring billion) in the first nine months (P24.8 billion), or 33% of total “Lines and Letters” is nomi- San Francisco Press Club outgoing president Antonia Ehlers (center) Association (AsBAA) on No- want to improve performance functions of existing and future with (l-r) Box City’s Jon Santos, Jeremiah Ysip, Henni Espinosa and Mike group under associate First net income increased by 37% est in ABS-CBN. earnings of $140 million (P7.3 of 2017. The natural gas port- consolidated revenues (see re- nated at the 23rd Asian Televi- vember 13, Mendoza said many and safety. They require the aviation bodies, setting minimum Carrion. Not in photo is cameraman Patrick Luna billion) versus $87 million folio accounted for $919 mil- lated story on this page). sion Awards in the Best Digital of the 85 airports across the establishment of a safety man- standards for aircraft operation (P4.4 billion) previously. lion (P47.9 billion), or 63% of FG Hydro, owner of the 132- country are serviced by general agement system, or systematic and maintenance, and ensuring FPH attributable RNI up by 53% The company’s attributable First Gen’s total consolidated MW Pantabangan-Masiway and business aviation operators approach to managing safety, the convenience of passengers. net income in the first three revenues. Their revenues were hydroelectric plants, reported “helping transport VVIPs and including the necessary organi- ‘Glad to be here’ FIRST Philippine Holdings growth from the energy, real ring losses during the period quarters of 2018 of $151 mil- 18% higher in the first three flat revenues at $29 million Goldlink is Maynilad’s supporting industries such as zational structures, accountabil- Greg Wooldridge, former Corporation (FPH), for the estate, construction and manu- which includes unfavorable lion (P7.9 billion) was 50% quarters of 2018 mainly due to (P1.5 billion).