JUNE 2014 www.lopezlink.ph Happy Independence Day! Search for Lopez Group http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph SeeYolanda stories on page Heroes8. begins FPH: Powered FIRST Philippine Holdings Corporation (FPH) is ready for its close-up. The company, which marks its 53rd anniversary this month, has rolled out “Powered by Good,” an umbrella campaign to increase awareness of FPH and its subsidiaries among the general populace. by good Turn to page 6 Lopez Group 1Q Bea takes Father’s Day@ on 3 roles in financial results…page 2 Power Plant new soap…page 4 Mall…page 12 Lopezlink June 2014 Lopezlink June 2014 Biz News Biz News JANUARY TO MARCH 2014 FINANCIAL RESULTS (UNAUDITED) Net income attributable to equity Total consolidated revenues Dispatch from Japan holders of the parent company ABS-CBN net income First Gen plans to boost 2013 2014 % change 2013 2014 % change AMML pushes strong ties with ABS-CBN P7.925B P8.191B +3 P507.7M P626.7M +23 capacity by 1,49 MW Lopez Holdings P22.463B P23.560B +5 P1.001B P877M -12 up 7% to P58M Japan, US to deter China EDC P6.940B P7.138B +3 P2.698B P2.376B -12 ABS-CBN Corporation re- la, Tomboy,” “Bride for Rent” and AMBASSADOR Manuel work by China under way at Last month, a panel of se- FIRST Gen Corporation aims One of the new capacities to stockholders, said the 414- First Gen $494.6M $457.0M -8 $55.8M $42.9M -23 ported a 7.0% increase in its net “Starting Over Again” brought in M. Lopez (AMML) says the the contested Johnson Reef, a curity experts recommended to add at least 1,492 megawatts in the Clean Energy Complex MW first phase of the San Ga- FPH P22.157B P23.208B +5 P1.789B P1.029B -42 income for the first quarter of more than a billion pesos in ticket Philippines should bolster shoal it controls. that the government lift to its power generation capac- will come from the 414-MW briel project will use the most ROCK P1.368B P1.423B +4 P216.0M P254.2M +18 2014, amounting to P538 million, sales both here and overseas. maritime cooperation with Ja- Given the limits of the Japan’s self-imposed ban on ity within the next five years to (first phase) San Gabriel com- efficient turbine technology compared to P503M for the first The company’s revenues pan and the United States as it Philippine military in re- engaging in collective self-de- help meet the country’s grow- bined cycle power plant. available. quarter of 2013. The growth was from global operations jumped seeks to deter China’s growing sisting China, AMML said fense, a move Prime Minister ing demand for electricity. “It [the 414-MW power Puno said the Avion project driven by strong performance of 22.1% during the first quarter assertiveness at sea. Manila needs to work closely Shinzo Abe is pushing hard. First Gen chairman and plant] will be the first of three is expected to help address Lopez Holdings attributable its film business, global distribu- of 2014, boosted by the inter- In an interview in Tokyo, with Washington and Tokyo AMML said he welcomes chief executive officer Fed- such additional plants that we power demand in the summer tion and pay TV networks, result- national release of Star Cin- AMML said the Philippines and to draw on their strengths Abe’s stance on the issue and erico R. Lopez (FRL) bared are planning to build, plus a of 2015. ing in a 3.4% rise in net revenues ema movies and the success of is “not a military power” and in maritime security. Japan sees no problem in coming to the plan during the company’s fast-track 100-MW project The additional capacities do net income at P877M to P8.2 billion, compared to P7.9B events such as “ASAP Dubai.” is “very vulnerable to more pledged last year to provide the aid of an ally “if there is annual stockholders’ meeting called Avion, which will be the not include First Gen’s planned LOPEZ Holdings reported P877 Unaudited consolidated to strategically expand their for the same period last year. As of the end of the first ABS-CBN president Charo incursions by China,” add- the Philippines with 10 coast really a compelling reason to and board election on May 12, first power plant in the country hydro projects in Mindanao million in net income attribut- revenues increased by 5% year portfolio. We believe their new “We are off to a good start in quarter of 2014, ABS-CBN Santos-Concio during the ing Manila needs the help of guard patrol ships. assist your neighbors.” 2014. using aeroderivative turbines. and geothermal sites that EDC able to equity holders of the par- on year to P23.560B from assets will provide new and 2014,” said Aldrin Cerrado, the Mobile, one of the company’s company’s stockholders’ countries such as the United Regarding the United AMML also noted that FRL said that the company In all, our vision is to build an is exploring in Chile, Peru and ent for the first quarter of 2014. P22.463B. Sale of electricity improved revenue streams in meeting States and Japan to help re- States, an ally the Philip- Japan and the Philippines is planning to build 1,342 MW additional 1,342 MW within Indonesia. company’s chief financial officer key initiatives, had approxi- PHOTO: JONATHAN CELLONA, ABS-CBNNEWS.COM This is 12% lower than the P1.0 under FPH and equity in net the medium term,” said Lopez (CFO). “I am particularly pleased mately 300,000 subscribers. solve ongoing maritime prob- pines shares with Japan, the enjoy close economic ties. He in additional capacity in First the First Gen Clean Energy Puno added that First Gen billion in net income attributable earnings of associates, PDRs Holdings president, chief oper- that we were able to grow our net Ron Valdueza, head of Cor- theme park, KidZania, is ex- lems. ambassador said he hopes a said both sides can expect to Gen’s Clean Energy Complex Complex in Batangas City plans to put up a liquefied to equity holders of the parent and joint venture, mainly rep- ating officer and chief finance income by 7.0% considering that porate Services Group 2 and pected to open for business in “I’m rather alarmed at re- new Washington-Manila de- benefit economically through in Batangas City, while sub- between now and 2019,” FRL natural gas (LNG) regasifica- reported in the first quarter of resenting operations of ABS- officer Salvador G. Tirona. last year’s results included elec- Group CFO, stated: “I am con- Bonifacio Global City during cent developments, especially fense cooperation pact signed increased tourism, helped by a sidiary Energy Development said. tion terminal that will handle 2013. This was primarily due to CBN Corporation, were flat. As of December 31, 2013, tion-related revenues. fident that our company will the first quarter of 2015,” added after seeing photographs of in April will be a “deterrent growing number of flights be- Corporation (EDC) is adding As to the Burgos Wind imported LNG. First Gen will higher finance costs (+32%) at the “Our investees FPH and Lopez Holdings held a 56% The company reported that deliver strong results this year. Valdueza. some structures being built,” to China” and make it “more tween the two countries. (Ex- at least 150 MW in wind ener- Project, FRL said that “First need the terminal once its con- level of business units associated ABS-CBN continue to per- economic interest in ABS- costs and expenses rose 2.8%, We are undertaking various ini- International brokerage firms, he said, referring to images difficult to bully” the Philip- cerpted from www.japantimes. gy capacity through the Burgos Gen, through EDC, is al- tract for the supply of natural with First Philippine Holdings form well, overcoming opera- CBN and 46% in FPH. (Carla slower than the revenue growth tiatives to generate revenues be- including Deutsche Regis, of apparent land reclamation pines. co.jp) Wind Project in Burgos, Ilocos ready constructing this wind gas from Malampaya expires in Corporation (FPH). tional challenges in their bid Paras-Sison) rate for the quarter of 3.4%. To- yond advertising, as well as con- Credit Lyonnais and Maybank Norte. farm, the capacity of which the next 10 years. tal assets rose to P65.1B from trol our costs, and I believe we ATR Kim Eng, have included The Clean Energy Complex was just recently expanded to “This [regasification termi- the end of last year’s P58.0B, will reap the rewards from these ABS-CBN in their research now houses the 1,000-MW 150 MW. We expect the first nal] will give our country the while its equity base increased to efforts in the coming years. coverage and are positive about Rockwell Land net income Santa Rita and 500-MW San 87 MW to commence opera- necessary flexibility to source First Gen posts $42.9M P26.0B from P25.9B in 2013. “Our O Shopping chan- the company’s future prospects. Lorenzo natural gas power tions by end of this year and natural gas from the interna- Star Cinema movies generated nel, which we launched only ABS-CBN is one of Credit Ly- plants. These plants form part the full 150 MW by March tional markets and put us at par more than P600M in revenues last year, is likely to break even onnais’ top stock picks with a jumps 25% to P1.4B of First Gen’s portfolio of 15 2015.” with other countries in Asia, attributable net income for the company.