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Lopezlink September 2014 SEPTEMBER 2014 www.lopezlink.ph AsianTo mark itsEye 13th offers anniversary, special discounts Asian Eye also offers free vision forand eyeLopez disease Groupscreening onemployees! To mark its 13th anniversary, Asian Eye also offers free vision andSeptember eye disease 5-7 screening at the Poweron September 5-7 at the Power Plant MallPlant North Mall Court. North See stories Court. on page 10. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Walk the Talk turns 8! EIGHT years ago, hundreds of kapamilya embarked on the path to wellness by way of a project championed by then Lopez Group chairman Oscar M. Lopez (OML). As early as 1997, OML had put a wellness policy in place in First Philippine Holdings Corporation (FPH), a response to the demise of executives Renato Diaz and Luis Mirasol; Diaz, in particular, was only 46. Turn to page 6 Lopez Group Power Plant in ‘interesting Vote for Mall brings ABS-CBN!…page 4 times’…page 3 it on!…page 12 Lopezlink September 2014 Biz News Biz News Lopezlink September 2014 JANUARY TO JUNE 2014 FINANCIAL RESULTS (UNAUDITED, CONSOLIDATED) Dispatch from Japan Net income/ (Loss) attributable to At the 2014 midyear performance review Lopez Holdings attributable Total revenues equity holders of the parent company AMML shares good news about PH net income at P1.815B 2013 2014 % change 2013 2014 % change The Lopez Group in “VISIT the Philippines LOPEZ Holdings reported sidiaries contributed to higher will support the country’s me- ABS-CBN P17.178B P16.378B -5 P1.344B P1.162B -14 and see a country greatly P1.815 billion in net income revenues from real estate dium-term economic growth. Lopez Holdings P46.025B P48.648B +6 P1.424B P1.815B +27 transformed and energized,” attributable to equity hold- (+41%), contracts and services ABS-CBN is poised to reap EDC P13.434B P15.227B +13 P3.366B P6.285B +87 urged Ambassador Manuel ‘interesting times’ ers of the parent for the first (+7%) and sale of merchandise the benefits of its digital con- First Gen $984.615M $935.470M -5 $77.723M $102.589M +32 M. Lopez (AMML) as he LOPEZ Group chairman OML expressed confidence ing in “interesting times” go- six months 2014. This is 27% (+44%). This was tempered vergence strategy in the next FPH P45.286B P47.996B +6 P1.904B P2.534B +33 addressed the Japan National emeritus Oscar M. Lopez that the Lopez Group would ing forward, citing the heavy higher than the P1.424B in net by the 11% decrease in equity 18 months. We are convinced ROCK P3.237B P3.546B +10 P554.8M P588.5M +6 Press Club (JNPC). income attributable to equity in net earnings of associates, that both investees will deliver AMML, who was invited (OML) says the ability to tilt be able to meet all the chal- capital requirements for the holders of the parent reported PDRs and joint venture, creditably on their commit- to appear before Japan’s pre- the balance of good and evil one lenges related to ongoing ex- Group’s expansion projects. in the first half of 2013. This mainly representing operations ments to their stakeholders,” FPH attributable net income up by 33% mier press association for an way or another makes for inter- pansion projects in the power, “The numbers we are look- was primarily due to the strong of ABS-CBN Corporation for said Lopez Holdings presi- “on-the-record press confer- esting times for the Group. communications and property ing at are quite daunting, but the Speaking before top execu- development sectors. projects are definitely doable. If performance of First Philip- the period. dent, chief operating officer FIRST Philippine Hold- poration (EDC) and FGP First Philec’s electrical ence,” took the occasion to AMML fields a question at his JNPC press conference. Beside him tives at the midyear performance “What worries me is the we succeed on the energy and pine Holdings Corporation “The continuing invest- and chief finance officer Sal- ings Corporation’s (FPH) Corp. manufacturing business made discuss positive political and is JNPC Sec. Gen. Shuichi Habu, who was Yomiuri Shimbun’s Manila review on August 5, OML said, threat of social instability aris- on the media fronts, then we (FPH) and associates during ments being made by our as- vador G. Tirona. consolidated net income at- Meanwhile, Rockwell Land a significant improvement economic developments in bureau correspondent in the late 1980s “In my more than 80 years in ing from the widening gap would be able to say that we are the period. sociates FPH and ABS-CBN As of December 31, 2013, tributable to the parent for Corporation posted a net profit in its bottom line due to the the Philippines and the rise this world, this seems to be the between our social classes. We over the hump. What is certain Unaudited consolidated are founded on a clear strategy Lopez Holdings held a 56% the first semester ended June of P588M, up by 6% from last higher sales volume of trans- of the Philippines-Japan in the country, investment- trade partner, export partner most interesting of times I have have not been able to do much is that we will grow in a very revenues increased by 6% for sustainable growth. FPH economic interest in ABS- 30, 2014 increased by 33% to year’s P555M, and FPIP’s formers (revenues of P174M strategic partnership as well grade credit ratings upgrades and source of ODA [official ever experienced. The Second about sharing the benefits of different fashion, and all these year-on-year to P48.648B is on track to deliver clean CBN and 46% in FPH. (Carla P2.5 billion from P1.9B in net income grew by 156% or this year vs. P51M last year), as regional issues of mutual awarded by top global ratings development assistance] and World War and martial law economic growth. Our economy plans will come to fruition in from P46.025B, as FPH sub- and renewable energy that Paras-Sison) 2013, driven mainly by the P140M year-on-year brought as well as business transforma- import to the Philippines firms and glowing indicators, third in terms of FDI [foreign were horrible times but not in- is unable to create enough new the next five years,” EL3 said. increase in the net income of about by robust industrial tion initiatives in its manufac- and Japan. AMML highlighted the direct investment] and tourist teresting the way today is… jobs to mitigate the harshness of He reminded top executives First Gen Corporation (see land sales (8.8 hectares this turing plant. On the solar sec- He outlined the eco- sustainability of Philippine arrivals. “On the one hand, the econ- poverty in the lives of a majority that the Lopez Group is unique related story) and First Phil- year vs. 2.1 hectares last year) tor, arbitration hearings took nomic gains attained by the growth and its long-term AMML also thanked Ja- omy is on a roll and it is all up to of our people,” OML said. in terms of the challenges it ippine Industrial Park (FPIP), and strong income from RBF place early this year, and the Philippines on the back of positive growth prospects. pan for its extensive support First Gen attributable us and our political leadership to He told executives to practice faces because of the legacy of foreign exchange gains and leases. First Balfour Inc. regis- tribunal’s final decision is ex- the Aquino administration’s The ambassador credited for peace and development make sure we will gain enough the Lopez Value of social justice its founding family, “which other income arising from the tered a net income of P327M, pected to be released late this “good governance is good Japan for helping buttress the in Mindanao as well as the speed for that much-awaited and “fully integrate corporate tells us clearly what we can and proceeds of insurance claims significantly higher than last year or early next year. (FPH economics” thrust, which has Philippines’ growth in a recovery of disaster-hit areas, takeoff. On the other hand, we social responsibility as a vital cannot do.” He expressed hope net income up 32% of Energy Development Cor- year’s income of P171M. Comptrollership Group) made economists regard the broad and substantial fashion most recently communities country as one of the world’s through its extensive economic affected by typhoon Yolanda could experience another frus- business strategy that is way that the Group’s leaders are not FIRST Gen Corporation 63.4%, of the total consoli- typhoon Glenda. They are cur- economic bright spots. engagement with the country. (Haiyan) in central Philip- trating aborted takeoff, or worse, more important than being seen frustrated by the burden of such reported a 32% increase in dated revenues. rently undergoing repair and Citing rising internation- He cited statistics showing Ja- pines. (Excerpted from tokyo. an actual crash because somehow as socially responsible through a legacy, that is, upholding the net income attributable to the The plants contributed we expect it to be operational ABS-CBN reports P16.4B revenues al and domestic confidence pan to be the Philippines’ top philembassy.net) we didn’t do what we were sup- public relations and publicity.” Lopez Values consistently. parent to $102.6 million from $58.4M to the company’s in the second half with two posed to do to make it happen.” Meanwhile, ABS-CBN “Stick around for the next five $77.7M for the first half of attributable net income for new turbines from Japan. ABS-CBN Corporation continues to dominate strongly sustaining our performance Corporation chairman Eu- years.
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