DECEMBER 2019-JANUARY 2020 www.lopezlink.ph Reflections on Christmas. See page 5. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Knowledge Channel: Evolving with the timesStory on page 6 How we fared in FPIP scholar Fancy, 9M 2019 …page 2 makes FIRST festive stop…page 9 feet…page 12 Lopezlink Dec. 2019-Jan.2020 Biz News Biz News Lopezlink Dec. 2019-Jan.2020 JANUARY TO SEPTEMBER 2019 FINANCIAL RESULTS (UNAUDITED, CONSOLIDATED) UNAUDITED NET INCOME Lopez Holdings attributable Period UNAUDITED TOTAL REVENUES ATTRIBUTABLE TO EQUITY HOLDERS January- OF THE PARENT September FirstBy Dolly Pasia-Ramos Balfour celebrates 50 years net income at P6.061 billion 2018 2019 % change 2018 2019 % change By Carla Paras-Sison FIRST Balfour, one of the lead- thony L. Fernandez credits the transport infrastructure, high- tion to help alleviate these gaps ABS-CBN P29.489B P32.027B +9 P1.627B P2.365B +45 LOPEZ Holdings Corpora- pine Holdings Corporation posted a 35% increase in net ing engineering and construc- company’s long-standing suc- value buildings and water in- in collaboration with many of LPZ P91.188B P99.767B +9 P3.944B P6.061B +54 tion reported P6.061 billion (FPH) continued to perform income attributable to equity tion companies in the Philip- cess to its capabilities system. frastructure. you, our partners, who are al- First Gen $1.462B $1.616B +10 $151.042M $220.310M +46 in net income attributable strongly. Meanwhile, investee holders of the parent, while re- pines, held a special ceremony “This milestone is no small Among its most recent ways ready to develop projects to equity holders of the par- ABS-CBN Corporation’s ad- curring net income was 21% FPH P91.188B P99.767B +9 P7.132B P9.610B +35 on November 28 to celebrate feat but I believe 50 years is just prominent projects are the civil that rise to these challenges,” ent for the first nine months vertising revenues continued better as electricity sales grew ROCK P12.188B P11.225B -8 P1.971B P2.245B +14 its 50th anniversary. the result of having a strong works and electrical network said First Philippine Holdings of 2019. This is 54% higher to recover, boosted by political by 10%. ABS-CBN reported a Then known as the Philip- and established capabilities sys- for Southeast Asia’s largest Corporation chairman Federi- than the P3.944 billion in net placements. 53% increase in net income as pine Engineering & Construc- tem. While strengthening our wind farm, Burgos Wind Farm; co R. Lopez in his keynote. income attributable to equity Unaudited consolidated rev- advertising revenues increased tion Corporation (PECCO), core engineering and construc- the North extension of LRT 1 The anniversary event gath- holders of the parent reported enues increased by 9% year-on- by 15%. Without political Solid performance for 2019 the company began as a spi- tion capabilities, we have also completed in 2010 and the ered those who have been in- in the first nine months year (YoY) to P99.767 billion placements, regular ad revenues Listed companies associated exit of foreign funds from the and favorable foreign exchange noff of the former power plant developed adjunct capabilities, line’s ongoing rehabilitation; strumental to the growth of the of 2018. The energy group from P91.188 billion. increased by 6%. with the Lopez Group powered local stock market. rates. ABS-CBN had 15% and design unit of Meralco in including heavy equipment the design and construction company over the past years under associate First Philip- During the period, FPH As of September 30, 2019, through the first nine months First Philippine Holdings higher ad revenues, boosted by 1969. By 1976, PECCO be- rental (T1 Rentals), geother- of modern data centers for the including its valued clients, key Lopez Holdings owned 51% of of 2019, turning in solid num- Corporation and its energy unit, election-related placements. came known as Engineering mal drilling (ThermaPrime) Philippine Statistics Authority, business partners, top suppli- FPH and 56% economic inter- bers, notwithstanding external First Gen Corporation, benefited Without political ads, regular ad & Construction Corporation and concrete and aggregates ePLDT and Globe Telecom; ers and government officials, est in ABS-CBN. uncertainties that led to the net from 10% higher electricity sales revenues increased by 6%. (CPS) of Asia (ECCO-Asia), signal- (Torreverde).” and the upgrade of Luzon’s among others. ing its expansion into power Today, First Balfour is con- largest man-made reservoir, the The Orchestra of the Fili- transmissions, oil refineries and sidered a bigger scale contrac- N. Domingo water reservoir. pino Youth, a Lopez-supported industrial plants. A series of tor that can jointly underwrite “The demands of a growing orchestra of music scholars, First Gen recurring earnings up 21% name changes spanning almost large engineering, procurement nation like the Philippines are rendered a 40-minute perfor- a decade was capped off with and construction or EPC con- evident in infrastructure that’s mance under the baton of mae- FIRST Gen Corporation re- increase in earnings as the First Gen’s consolidated rev- Negros plants. This was supple- L-R: FPH president Giles Puno, First Balfour president and COO Anthony L. the emergence of First Balfour tracts. Its services now cover a bursting at the seams and bare- stro Joshua Dos Santos. ported a recurring net income merchant plant enjoyed high- enues from the sale of electric- mented by higher Bacman rev- Fernandez, FPH chairman Federico R. Lopez and First Balfour senior adviser in 2004. much wider range of markets, ly keeping up with our people’s For more information, visit attributable to equity holders er dispatch and higher selling ity increased by $154 million enues in the first three quarters Dr. Fiorello Estuar First Balfour president An- such as power and energy, needs. First Balfour is in posi- www.firstbalfour.com. of $217 million (P11.3 bil- prices in 2019. (P8.0 billion) or 11% to $1,616 of 2019, though partially offset lion) in the first three quarters From a recurring attribut- million (P84.2 billion) com- by lower revenues from the of 2019 from the operations able net income to parent of pared to $1,462 million (P76.2 Mindanao and Burgos plants. of its 3,492-megawatt (MW) $142 million (P7.4 billion) in billion) in the first nine months First Gen Hydro Power ABS-CBNBy Kane Choa still most watched in November clean and renewable portfolio. the first nine months of 2018, of 2018. The natural gas port- Corporation delivered better This was a 21% or $37 million the gas platform generated folio accounted for 63% of revenues by $9 million (P0.5 ABS-CBN continued to cap- “TV Patrol” (28.9%) kept its In the prime time block, it block in contrast to GMA’s (P1.9 billion) jump from its $151 million (P7.9 billion) for First Gen’s total consolidated billion) or 31% higher from ture the hearts of Filipinos position as the most watched logged 44% to beat GMA’s 25%. $180 million (P9.4 billion) in the same period in 2019, which revenues. Their revenues were $28 million (P1.5 billion) to who rely on it for compre- prime time newscast, “Starla” 30%. In the afternoon block, Kantar Media uses a nation- earnings from the same period was an increase of 7% or $9 10% higher in the first three $37 million (P2.0 billion) due hensive news and values-ori- (27.4%) climbed two spots ABS-CBN got 43% compared wide panel size of 2,610 urban in 2018. million (P0.5 billion). quarters of 2019 mainly due to increased sales to WESM. ented shows as the Kapamilya higher and weekend fantasy to GMA’s 33%, 40% in the and rural homes that represent Energy Development Cor- The hydro platform contin- to higher average natural gas Moreover, there was an absence network registered an average show “Parasite Island” (27.2%) noontime block versus GMA’s 100% of the total Philippine poration (EDC) contributed ued to perform positively with prices coupled with improved of ancillary service revenues in audience share of 42% in No- secured the fifth spot. 31% and 38% in the morning TV viewing population. recurring earnings from its a recurring earnings contribu- plant dispatch. the first quarter of 2018, when vember versus GMA’s 30%, Completing the list of top geothermal, wind and solar tion higher by $8 million (P0.4 EDC’s geothermal, wind it was awaiting the approval of according to data from Kantar 10 shows are “Your Moment” platform of $67 million (P3.5 billion) at $13 million (P0.7 and solar revenues accounted its ancillary services procure- Media. (24.9%), “Rated K: Handa ABS-CBN TVplus sales hit 8.9M billion) in the first nine months billion) for the period due to for $547 million (P28.5 bil- ment agreement. The hydro “FPJ’s Ang Probinsyano” Na Ba Kayo” (23.8%), “Home MORE Filipino families en- This year, ABS-CBN TV- of 2019, better by $14 million higher sales to the Whole- lion) or 34% of First Gen’s total plants account for 2% of First (34.8%) is still king as it re- Sweetie Home: Extra Sweet” joy their favorite shows with a plus added more public service SKYBIZ fetes partners at launch of IPVPN- (P0.7 billion) in comparison sale Electricity Spot Market consolidated revenues in the Gen’s total consolidated rev- mains on top of the list of most (23.1%) and “Maalaala Mo clearer television viewing ex- features on top of the emer- VSAT SKYBIZ recently celebrated the launch of its IPVPN-VSAT service to $52 million (P2.7 billion) in (WESM) and ancillary ser- first three quarters of 2019.