DOCSLIB.ORG

JG Summit Holdings Inc. Annual Report 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
JG Summit Holdings Inc. Annual Report 2020 Annual Report 2020 About the Cover When faced with a monumental challenge, few are able to swiftly form high- impact solutions to make the situation better. It requires agility and adaptability to achieve a transformational outcome. This year, JG Summit swiftly addressed the effects of the pandemic, using its “How to Win” and “Where to Play” strategies to maximum effect. The company was agile in business, as well as steady and firm in uplifting communities to better endure this critical time. By focusing on employee health and safety, operations and supply chain continuity, cash, costs and liquidity management, and helping communities deal with the pandemic, JGS was able to weather the unexpected storm. The company also doubled its efforts to explore new business opportunities. This year’s cover demonstrates the diverse response throughout JG Summit’s businesses - its fluid and agile response that demonstrated firm leadership, mindfulness, and strength to balance business in the face of turmoil and change. 2 Annual Report 2020 Table of Contents JGS at a Glance 4 2020 Key Developments 7 JGS Investment Portfolio 9 Corporate Structure 10 Geographic Presence 12 Chairman’s Message 13 President and CEO’s Report 17 Leadership 21 Our COVID-19 Response 23 Laying the Foundation for the New Normal 27 Strategic Business Units & Investments 38 Strategic Business Units 39 Ecosystem Plays 57 Core Investments 63 Sustainability 65 Sustainability Performance in 2020 66 Gokongwei Brothers Foundation 77 Corporate Governance 86 Financial Statements 96 Contact Info 221 3 Annual Report 2020 JGS at a Glance 4 Annual Report 2020 JGS At A Glance: Key Business Metrics Our portfolio diversity cushioned the impact of COVID-19, driven by The Company’s robust balance sheet provides Continuous shareholder value maximization as JGS’ the resiliency of our food, banking, and office segments, while heavily- enough ballast to weather the pandemic. share price outperformed the PSEi in 2020 impacted businesses began to recover quarter on quarter. 999.6 928.3 Share Price Index Consolidated Performance 819.3 100=Yearend 2019 120 93 Revenues Core Net Income 100 80 91 ₱221.6 billion ₱450 million 60 2018 2019 2020 40 Total Assets 20 (in billion pesos) 0 Key Financials excluding Cebu Air, Inc. which operates in one of the Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec PSEi JGS most challenged industries globally due to COVID-19 408.6 408.1 367.5 Revenues Core Net Income ₱199.0 billion ₱15.3 billion Declared and Distributed 2018 2019 2020 Cash dividends totaling Total Equity (in billion pesos) Revenues across JGS’ business units show sustained quarterly improvements from 2Q ₱2.7 billion 8 or ₱0.38 per share 67.9 Healthy Current 6 2.3 2.8 and Gearing ratios 4 54.4 11.4 50.7 48.6 2.3 2 2.1 Stock dividends equivalent to 6.8 2.5 7.3 1.02 0 15.9 4.4 0.96 3.8 5.2 4.5 0.93 1.4 3.3 5% -2 2.0 0.78 of outstanding shares -4 0.67 0.67 33.5 34.0 32.4 33.2 -6 -8 1Q20 2Q20 3Q20 4Q20 2018 2019 2020 URC CEB RLC JGSPG RBank Others Total JGS At A Glance | 5 Annual Report 2020 COVID-19 Key Initiatives Cost and Liquidity Management COVID-19 Employee Support We implemented austerity measures to focus spending on necessary operating and capital expenditures needed to sustain our current operations. 5,152 Up to 120 hours of Php19.2M 346,814 Inquiries addressed Advanced Vacation Reduced Non-essential spend such as training, travel, entertainment worth of Robinsons Units of medical via COVID Care Leave and up to 120 expenses to manage our operating costs. Rewards Points supplies donated to Telemedicine Service hours of Advanced funded by GBF for over 50 hospitals Sick Leave to cover 10,136 affected Third Full Year consolidated General and Administrative Expenses* in 2020 lower by employees as needed Party employees Dailty Health Monitoring in all units ₱1.37 billion Daily On-Site vs. same period in 2019 Allowance Over P during ECQ: *excludes non-cash charges 100K Php250-Php500 Php1.5B Reusable face 782 Daily Meal Raised as part of shields donated in Allowance Project Ugnayan Employees assisted via partnership with URC during ECQ: for affected families CAPEX Recalibration RT-PCR testing Php75-Php100 during ECQ From an original 2020 budget of Php82.8 billion, we have continually trimmed our capital expenditures and ended up spending only Php37.3 billion for the full year of 2020. The Gokongwei Group’s COVID Care platform provided remote medical assistance for COVID-19 concerns To ease employee work arrangements, we 2020 for all organic employees and third-party workers. In granted assumed attendance as appropriate 82.8 partnership with ActiveOne Health/Reliance United, for the welfare of our people. This amounted the telemedicine service includes patient diagnosis, to Php536M salaries paid on an assumed 72.1 monitoring, e-prescriptions, and return to work attendance basis. clearance. Last year, the service addressed a total of 5,152 23 inquiries, aiding our people during the pandemic. 25 We implemented Daily Health Monitoring via the JG Aside from attendance considerations, we also 18 Health App, which is part of our safety protocol for on-site granted advanced vacation leaves and advanced employees. Employees who were working from home also sick leaves to employees who have exhausted 12 37.3 utilized the application to track their health status upon their current allocation. The paid leaves covered falling ill. The system flagged health concerns, ensuring employees who were unable to work due to ECQ that employees receive necessary medical support in a restrictions, which caused the temporary closure 15 28 timely manner. of operations for certain business segments. 26 11 4 The Company also ensured accessible RT-PCR testing 12 for its people. The test remains as the gold standard For employees who had to report on-site, we 9 7 for detecting COVID-19, as recommended by triage provided a Daily On-Site Allowance of Php 250- 2019 Actual Original Budget Actual professionals. Under this initiative, 352 employees were 500 based on their job level. We also provided a assisted in 2020 with the support of our partner hospitals: P Daily Meal Allowance of Php75-100 on top of the Lung Center of the Philippines, The Medical City, and the initial allowance amount. URC CEB RLC JGSPG RBank Others T3 Consortium of AC Health facilities. JGS At A Glance | 6 Annual Report 2020 2020 Key Developments January February March April May June • Universal Robina • RBank won Project of • Cebu Air, Inc. (CEB) • CEB started the Seat • RLC introduced Rdelivery, • Gokongwei Brothers Foundation Corporation (URC) launched the Year - Finastra for its started handling Occupying Cargo flights. Rshopper & Pick-up joined a consortium that was exciting new products on the Treasury IT Solutions Cargo charters and Stations that offer safe and formed to boost the national beverage segment such as C2 Opics. Hybrid flights carrying • RBank launched RBank easy ways for customers testing capacity. Milk tea, made from 100% more than 50kg of Sign Up, an online account to shop at the comfort of natural tea leaves and real humanitarian shipments opening platform. their homes. • CEB streamlined inflight food and creamy milk, and Great Taste which include PPEs, merchandise offerings with Barako, a mix of barako Medicine, Test Kits and • RBank launched RBank cashless transactions. coffee and brown sugar. Blood Bags. QuickR. • URC partnered with Lazada to • Robinsons Bank Corporation drive online presence for its (RBank) successfully consumers. integrated RBank POS terminals with 100% of • Luzon International Premier RRHI’s Cash Registers. Airport Development Corp. (LIPAD) established One • Robinsons Land Corporation Stop Shop alongside various (RLC) launched Sapphire government agencies to ensure a Bloc South and Sierra Valley seamless arrival experience Garden 1. for passengers. JGS At A Glance | 7 Annual Report 2020 July August September October November December • JGS raised US$600 million • RBank was awarded as the • RBank launched RBank • JGS declared 5% stock dividends • CEB divested its remaining shares in • CEB’s second ATR Freighter arrived. from an offshore bond Fastest Growing Commercial Mo for agency banking to its shareholders. SIAEP, and acquired the remaining issuance at 4.125% interest Bank - Philippines 2020 and RBank Digital, a shares in A+ for better capacity • CEB started its “Test Before rate per annum. in the Global Business new mobile banking • CEB introduced the New Normal planning. Boarding” initiative in General Outlook Awards 2020 application. Compensation and Benefits Santos city. • RBank launched RBank and the Best Commercial Package for productivity- • CEB’s first ATR Freighter arrived and Sign Up Payroll Digital Bank - Philippines 2020 based and experience-based reconfigured one of its A330 planes • The New Passenger Terminal Account Opening. by International Business compensation scheme for its for cargo. Building Shell was handed over to Magazine. employees. LIPAD. • DHL Summit Solutions, • RBank was awarded as the Fastest Inc. (DSSI) started • RBank partnered with Sprout • RBank launched Electronic Growing Retail Banking Philippines • JG Summit Petrochemicals Group commercial operations Solutions Inc. for seamless Invoice Presentation and by Global Banking and Finance. (JGSPG) marked the 20th year of with URC as its primary payroll solution. Presentment. its Abot Kamay Christmas Outreach customer. • RLC closed two deals with logistics program for the elementary schools • RLC completed its office • RLC soft launched a new and multinational companies under in its host communities. building Davao Delta Tower 2. residential brand called RLC RLC’s co-working brand - work.able Residences, a merger of its which now has a total number of five • DSSI achieved 92% service previous vertical residential centers coverage for URC’s Luzon transport groupings namely Luxuria, operations.
Load more

Recommended publications
  • Universal Robina Corporation and Subsidiaries
    COVER SHEET for AUDITED FINANCIAL STATEMENTS SEC Registration Number 9 1 7 0 Company Name U N I V E R S A L R O B I N A C O R P O R A T I O N A N D S U B S I D I A R I E S Principal Office (No./Street/Barangay/City/Town/Province) 1 1 0 E . R o d r i g u e z A v e n e u e , B a g u m b a y a n , Q u e z o n C i t y Form Type Department requiring the report Secondary License Type, If Applicable 1 7 - A N / A COMPANY INFORMATION Company’s Email Address Company’s Telephone Number/s Mobile Number 671-2935; 635-0751; 671-3954 Annual Meeting Fiscal Year No. of Stockholders Month/Day Month/Day 1,066 4/18 9/30 CONTACT PERSON INFORMATION The designated contact person MUST be an Officer of the Corporation Name of Contact Person Email Address Telephone Number/s Mobile Number Mr. Constante T. Santos [email protected] (02) 633-7631 +63 922 813 0129 Contact Person’s Address 41st Floor, Robinsons Equitable Tower ADB Ave., cor Poveda St., Ortigas, Pasig City Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • MORGAN STANLEY ASIA PRODUCTS LIMITED (Incorporated with Limited Liability in the Cayman Islands)
    The FINAL TERMS dated 7 August 2017 are hereby amended on 23 August 2017 and superseded to reference the correct Launch Date provided in Part A – Information about the Warrants (A.3) (reference from “1 July 2017” to “31 July 2017”). FORM OF UNITARY WARRANT FINAL TERMS The Final Terms relating to each issue of Unitary Warrants will contain (without limitation) such of the following information as is applicable in respect of such Unitary Warrants. All references to numbered conditions are to the terms and conditions of the Unitary Warrants set out in Schedule 3 of the Agency Agreement (as defined in the Unitary Warrant Conditions) and reproduced in the Base Prospectus and words and expressions defined in those terms and conditions shall have the same meaning in the applicable Unitary Warrant Final Terms. MORGAN STANLEY ASIA PRODUCTS LIMITED (incorporated with limited liability in the Cayman Islands) Guaranteed by (incorporated in Delaware, U.S.A.) Warrant Programme The Warrants and the Guarantee have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act), or the securities laws of any state in the United States. The Issuer may offer, sell or deliver Warrants only (a) to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) reasonably believed by the Issuer to be qualified institutional buyers (each a QIB) as defined in Rule 144A under the Securities Act (Rule 144A) that are also “qualified purchasers” (QPs) within the meaning of Section 3(c)(7) (Section 3(c)(7)) and as defined in Section 2(a)(51)(A) of the United States Investment Company Act of 1940, as amended (the 1940 Act) or (b) outside the United States to, or for the account or benefit of, a purchaser that is not a U.S.
    [Show full text]
  • 1351 Weekly Top Price Gainers 1 Week 4 Weeks 1 Grand Plaza Hotel
    May 24 - May 28, 2021 VOL. XI NO. 22 ISSN 2013 - 1351 Weekly Top Price Gainers Last Comparative Price Stock Rank Company Traded Change (%) Total Value PER EPS PBV Disclosure Reference No. Code Price 1 Week 4 Weeks C03656-2021, CR03783-2021, CR03785-2021, 1 Grand Plaza Hotel Corporation GPH 17.50 80.97 69.90 233,624 48.11 0.36 1.09 CR03821-2021, C03721-2021, CR03822-2021 2 PTFC Redevelopment Corporation TFC 46.00 48.39 48.39 82,000 18.09 2.54 3.47 No Disclosure 3 Discovery World Corporation DWC 3.54 30.63 8.59 9,313,640 (10.01) (0.35) 3.36 C03623-2021, CR03802-2021, CR03858-2021 C03604-2021, C03609-2021, C03714-2021, 4 Cebu Landmasters, Inc. CLI 7.11 17.91 22.16 220,493,647 5.92 1.20 1.33 C03718-2021, C03734-2021, C03767-2021 5 JG Summit Holdings, Inc. JGS 58.20 17.81 10.33 1,071,295,512 42.35 1.37 1.41 CR03836-2021 6 Imperial Resources, Inc. IMP 1.74 16.00 (5.43) 546,250 (562.07) (0.003) 1.43 CR03818-2021 7 Premiere Horizon Alliance Corporation PHA 1.95 15.38 (7.14) 162,557,730 13.31 0.15 7.54 No Disclosure C03736-2021, C03737-2021, C03738-2021, 8 Holcim Philippines, Inc. HLCM 6.24 15.34 13.04 13,056,634 14.71 0.42 1.40 C03746-2021, C03765-2021, C03766-2021 9 Aboitiz Equity Ventures, Inc. AEV 40.00 15.11 12.68 468,940,145 15.38 2.60 1.28 No Disclosure 10 ATN Holdings, Inc.
    [Show full text]
  • On Balance Weekly Notes for May 6 to 10, 2019
    Philstocks Research Weekly Notes JUSTINO B. CALAYCAY, JR 06 May 2019 AVP-Head, Research & Engagement (632)588-1962 OUR VIEW: JAPHET LOUIS O TANTIANGCO Sr. Research Analyst Anticipated rate cuts signal a strong buy on property and consumer retail issues (632)588-1927 given their advantages amid a loose monetary environment. Avoid banks as lower borrowing costs may reduce net interest margins. PIPER CHAUCER E TAN Property stocks (DMW, HOUSE, MEG, SMPH and ALI) Engagement Officer/Research Consumer Retail (URC , FB, WLCON, MRSGI and JFC) Associate (632)588-1928 Possible Catalyst for th3 week : Q1 2019 GDP, April Inflation, and BSP policy rate meeting CLAIRE T ALVIAR PSEi may trade within the 7900- 8200 range with upward bias on Research Associate economic data Ground Floor, East Tower PSE Center, Tektite Towers MARKET WRAP: Ortigas Center, Pasig City PHILIPPINES S&P’s upgrade on the Philippines’ credit rating sent local stocks higher by DISCLAIMER 99.70 points or 1.27% w/w to 7,967.98. The opinion, views and Average value turnover widened by 8.24% w/w to P7.283 billion. Gainers recommendations contained in this rout losers 110 to 101. material were prepared by the Philstocks Research Team, Industrials led the sectors, climbing 3.81%. Miners were the main individually and separately, based laggards, falling 0.79%. on their specific sector assignments, contextual framework, personal Universal Robina Corporation [PSE: URC] led the index, surging 17.52%. judgments, biases and prejudices, Bloomberry Resorts Corporation [PSE: BLOOM] landed on bottom, sliding time horizons, methods and other 5.55%. factors. The reader is enjoined to take this into account when perusing For all shares, Phinma Energy Corporation [PSE: PHEN] advanced the most and considering the contents of the by 18.06%.
    [Show full text]
  • Business Directory Commercial Name Business Address Contact No
    Republic of the Philippines Muntinlupa City Business Permit and Licensing Office BUSINESS DIRECTORY COMMERCIAL NAME BUSINESS ADDRESS CONTACT NO. 12-SFI COMMODITIES INC. 5/F RICHVILLE CORP TOWER MBP ALABANG 8214862 158 BOUTIQUE (DESIGNER`S G/F ALABANG TOWN CENTER AYALA ALABANG BOULEVARD) 158 DESIGNER`S BLVD G/F ALABANG TOWN CENTER AYALA ALABANG 890-8034/0. EXTENSION 1902 SOFTWARE 15/F ASIAN STAR BUILDING ASEAN DRIVE CORNER DEVELOPMENT CORPORATION SINGAPURA LANE FCC ALABANG 3ARKITEKTURA INC KM 21 U-3A CAPRI CONDO WSR CUPANG 851-6275 7 MARCELS CLOTHING INC.- LEVEL 2 2040.1 & 2040.2 FESTIVAL SUPERMALL 8285250 VANS FESTIVAL ALABANG 7-ELEVEN RIZAL ST CORNER NATIONAL ROAD POBLACION 724441/091658 36764 7-ELEVEN CONVENIENCE EAST SERVICE ROAD ALABANG SERVICE ROAD (BESIDE STORE PETRON) 7-ELEVEN CONVENIENCE G/F REPUBLICA BLDG. MONTILLANO ST. ALABANG 705-5243 STORE MUNT. 7-ELEVEN FOODSTORE UNIT 1 SOUTH STATION ALABANG-ZAPOTE ROAD 5530280 7-ELEVEN FOODSTORE 452 CIVIC PRIME COND. FCC ALABANG 7-ELEVEN/FOODSTORE MOLINA ST COR SOUTH SUPERH-WAY ALABANG 7MARCELS CLOTHING, INC. UNIT 2017-2018 G/F ALABANG TOWN CENTER 8128861 MUNTINLUPA CITY 88 SOUTH POINTER INC. UNIT 2,3,4 YELLOW BLDG. SOUTH STATION FILINVEST 724-6096 (PADIS POINT) ALABANG A & C IMPORT EXPORT E RODRIGUEZ AVE TUNASAN 8171586/84227 66/0927- 7240300 A/X ARMANI EXCHANGE G/F CORTE DE LAS PALMAS ALAB TOWN CENTER 8261015/09124 AYALA ALABANG 350227 AAI WORLDWIDE LOGISTICS KM.20 WEST SERV.RD. COR. VILLONGCO ST CUPANG 772-9400/822- INC 5241 AAPI REALTY CORPORATION KM22 EAST SERV RD SSHW CUPANG 8507490/85073 36 AB MAURI PHILIPPINES INC.
    [Show full text]
  • JG Summit Holdings Inc. Annual Report 2014
    Contents 2 Financial Highlights 4 Message from the Chairman and President 11 JG Summit Businesses 12 HOLDING COMPANY JG Summit Holdings, Inc. 16 FOOD, AGRO-INDUSTRIAL & COMMODITIES Universal Robina Corporation 24 REAL ESTATE & HOTELS Robinsons Land Corporation 29 AIR TRANSPORTATION Cebu Air, Inc. 36 PETROCHEMICALS JG Summit Petrochemicals Group 42 BANKING & FINANCIAL SERVICES Robinsons Bank Corporation 46 CORE INVESTMENTS Philippine Long Distance Telephone Company (PLDT) United Industrial Corporation Limited (UIC) Manila Electric Company (MERALCO) 50 Corporate Social Responsibility 53 Board of Directors 59 Executive Officers 60 Financial Statements 248 Corporate Directory 2014 Annual Report JG SUMMIT HOLDINGS, INC. AND SUBSIDIARIES Financial Highlights DECEMBER 31 (IN MILLION PESOS EXCEPT PER SHARE AND STATISTICAL DATA) 2014 vs 2013 Increase (Decrease) For the Year 2014 2013 Amount % Revenues 184,812 150,348 34,464 23% Core Net Income after Taxes 20,303 13,654 6,649 49% Net Income (Equity Holders of the Parent) 18,245 10,434 7,811 75% EBIT 37,475 25,405 12,070 48% EBITDA 49,235 35,436 13,799 39% As of the Year Total Assets 558,779 473,620 85,159 18% Total Liabilities 297,168 237,753 59,415 25% Total Equity 261,610 235,867 25,743 11% Per Share Basic Earnings 2.60 1.53 1.07 70% Book Value 29.58 27.39 2.19 8% Other Financial Data Current Ratio 1.10 0.74 0.36 49% Gearing Ratio 0.77 0.53 0.24 45% Net Debt Equity Ratio 0.59 0.32 0.27 84% Revenues Core Net Income after Taxes 2014 2014 49% 23% 184,812 20,303 2013 2013 150,348 13,654 2 Revenue Contribution 7% 52% Core Investments Food, Agro-industrial and Commodities 2% Banking 2% Petrochemicals 28% Air Transportation 9% Real Estate and Hotels EBITDA Contribution 24% 39% Other Businesses Food, Agro-industrial and Commodities 1% Banking 19% 17% Real Estate and Hotels Air Transportation Net Income 2014 75% 18,245 2013 10,434 3 Message from the Chairman and President We are pleased to report that your alliance, Cebu Pacific signed and company, JG Summit Holdings, completed a share purchase agreement Inc.
    [Show full text]
  • Building on New Opportunities
    BUILDING ON NEW OPPORTUNITIES 2018 ANNUAL REPORT BUILDING ON As Viable New Opportunities Remain Available in the Philippines, GT Capital Holdings, Inc. and its component companies continue to build on NEW OPPORTUNITIES their tradition of excellence and leadership in key underpenetrated sectors. The GT Capital Group achieves this through developing robust strategic partnerships with best-of-class global brands. The Group’s presence in five key sectors of the Philippine economy—banking, automotive assembly, importation, and distribution, property development, infrastructure and utilities, and life and general insurance—allows it to offer and provide the best products and services to the Filipino. The conglomerate fulfills this through its strategic direction: first, by enhancing synergies and cross-selling opportunities across its various component companies, second, by extending the value chain of its existing sectors, and third, by expanding into new sectors. GT Capital not only builds value for its shareholders, clients, and employees, but also, through its sustainability efforts and corporate social responsibility (CSR) activities, is helping build a stronger and more prosperous nation. 2018 ANNUAL REPORT Metropolitan Bank and Trust Company is a leading universal bank PHP providing corporate and consumer banking products and services 22.0 through its extensive nationwide branch network and its foreign Billion branches and representative offices. The Bank reaches out to and serves a wide range of clients that includes large local and 2018 NET INCOME multinational corporations, middle market and SMEs, high net 36.4% GT CAPITAL-OWNED worth individuals, and retail segments. Toyota Motor Philippines Corporation is the Philippines’ PHP most dominant car company and is engaged in the assembly, 8.0 importation, and wholesale distribution of Toyota and Lexus motor vehicles in the Philippines.
    [Show full text]
  • FDC Annual Report 2005.Pdf
    Contents 2 Consolidated Financial Highlights 3 Joint Message 6 Operating Highlights 14 Board of Directors and Officers 15 Consolidated Financial Statements Insert Consolidated Financial Statements and Report of Independent Auditors our cover Brighter Prospects. The sun seems to shine more brightly after the rain. In the same way, business prospects look brighter after the challenges of the previous years. Amidst the revitalized real estate sector and a more favorable economic environment, FDC is planning for major expansion in 2006, with its sights focused on long-term growth for the company. 1 Consolidated Financial Highlights (In Thousands of Pesos, Except Earnings Per Share Figures) 2005 2004 2003 2002 Operating Results Net Revenues 5,056,952 4,339,273 3,830,876 3,219,335 Net Income 1,266,251 775,720 426,074 308,085 Return on Assets (ave.) 1.6% 1.1% 0.7% 0.5% Return on Equity (ave.) 3.3% 2.2% 1.3% 0.9% Financial Position Total Assets 83,114,966 75,181,585 67,649,437 63,401,360 Total Debt 11,562,549 9,535,123 9,689,021 9,527,024 Stockholders’ Equity 38,651,052 37,078,302 33,127,507 32,089,368 No. of Shares Issued and Outstanding (‘000) 5,955,725 5,955,725 5,955,725 5,955,725 Gross Debt to Equity 29.9% 25.7% 29.2% 29.7% Net Debt to Equity 17.4% 16.8% 19.5% 23.1% Earnings Per Share 0.147 0.090 0.028 0.009 5,056 1,266 38,651 83,114 4,339 75,181 37,078 3,830 67,649 63,401 3,219 775 33,127 426 308 32,089 2002 2003 2004 2005 2002 2003 2004 2005 2002 2003 2004 2005 2002 2003 2004 2005 Net Income Net Revenues Total Assets Total Stockholders’ Equity In Millions of Pesos In Millions of Pesos In Millions of Pesos In Millions of Pesos 2005 ANNUAL REPORT 2005 ANNUAL FILINVEST 2 Joint Message Philippine economic growth declined to 5.1% last year from the 6% GDP increase posted in 2004.
    [Show full text]
  • JGS Minutes for Annual Stockholders Meeting
    JG SUMMIT HOLDINGS, INC. MINUTES OF THE ANNUAL MEETING OF STOCKHOLDERS JUNE 27, 2017, 5:00 P.M. Crowne Plaza Manila Galleria, Quezon City, Metro Manila, Philippines Directors and Advisory Board Members Present 1. John L. Gokongwei, Jr. - Director and Chairman Emeritus 2. James L. Go - Director, Chairman and Chief Executive Officer 3. Lance Y. Gokongwei - Director, President and Chief Operating Officer 4. Lily G. Ngochua - Director 5. Patrick Henry C. Go - Director 6. Johnson Robert G. Go, Jr. - Director 7. Robina Y. Gokongwei-Pe - Director 8. Ricardo J. Romulo - Director 9. Cornelio T. Peralta - Independent Director 10. Jose T. Pardo - Independent Director 11. Renato T. De Guzman - Independent Director 12. Washington Z. SyCip - Advisory Board Member 13. Aloysius B. Colayco - Advisory Board Member 14. Jimmy T. Tang - Advisory Board Member Also Present Atty. Rosalinda F. Rivera - Corporate Secretary 1. PROOF OF NOTICE OF THE MEETING AND EXISTENCE OF A QUORUM The Corporate Secretary, Atty. Rosalinda F. Rivera, certified that notice of the meeting was sent by the Transfer Agent, Banco de Oro Unibank, Inc., to the stockholders of record as of May 23, 2017 at their addresses as appearing on their records and that a quorum was present by the presence, in person or by proxy, of shareholders entitled to vote which represent 77.82% of the total outstanding shares of the Corporation. The meeting was called to order at 5:00 p.m. by Mr. James L. Go, Chairman and Chief Executive Officer of the Corporation, who presided thereat as Chairman of the meeting and Atty. Rosalinda F.
    [Show full text]
  • ABM25-Part 3-F Philippines.Indd
    Asia Bond Monitor Philippines Total local currency (LCY) bonds outstanding in the Philippines reached PHP4.1 trillion (US$99 billion) in 1Q13, declining 0.3% quarter-on-quarter (q-o-q), but increasing 13.7% year-on-year (y-o-y). The corporate bond market expanded 1.1% q-o-q and 19.8% y-o-y in 1Q13. Table 1: Size and Composition of the LCY Bond Market in the Philippines Outstanding Amount (billion) Growth Rate (%) 1Q12 4Q12 1Q13 1Q12 1Q13 PHP US$ PHP US$ PHP US$ q-o-q y-o-y q-o-q y-o-y Total 3,562 83 4,064 99 4,051 99 5.1 12.8 (0.3) 13.7 Government 3,118 73 3,538 86 3,519 86 5.6 13.2 (0.6) 12.8 Treasury Bills 268 6 275 7 286 7 (9.3) (33.0) 4.1 6.9 Treasury Bonds 2,724 63 3,150 77 3,119 76 6.9 21.8 (1.0) 14.5 Others 127 3 113 3 113 3 14.6 6.0 0.0 (10.7) Corporate 444 10 526 13 532 13 1.9 10.4 1.1 19.8 ( ) = negative, LCY = local currency, q-o-q = quarter-on-quarter, y-o-y = year-on-year. Notes: 1. Calculated using data from national sources. 2. Bloomberg end-of-period LCY–US$ rates are used. 3. Growth rates are calculated from an LCY base and do not include currency effects. 4. Data for Government as of end-February 2013. 5.
    [Show full text]
  • Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP
    Global Equity Fund June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA MICROSOFT CORP 2.5289% 2.5289% APPLE INC 2.4756% 2.4756% AMAZON COM INC 1.9411% 1.9411% FACEBOOK CLASS A INC 0.9048% 0.9048% ALPHABET INC CLASS A 0.7033% 0.7033% ALPHABET INC CLASS C 0.6978% 0.6978% ALIBABA GROUP HOLDING ADR REPRESEN 0.6724% 0.6724% JOHNSON & JOHNSON 0.6151% 0.6151% TENCENT HOLDINGS LTD 0.6124% 0.6124% BERKSHIRE HATHAWAY INC CLASS B 0.5765% 0.5765% NESTLE SA 0.5428% 0.5428% VISA INC CLASS A 0.5408% 0.5408% PROCTER & GAMBLE 0.4838% 0.4838% JPMORGAN CHASE & CO 0.4730% 0.4730% UNITEDHEALTH GROUP INC 0.4619% 0.4619% ISHARES RUSSELL 3000 ETF 0.4525% 0.4525% HOME DEPOT INC 0.4463% 0.4463% TAIWAN SEMICONDUCTOR MANUFACTURING 0.4337% 0.4337% MASTERCARD INC CLASS A 0.4325% 0.4325% INTEL CORPORATION CORP 0.4207% 0.4207% SHORT-TERM INVESTMENT FUND 0.4158% 0.4158% ROCHE HOLDING PAR AG 0.4017% 0.4017% VERIZON COMMUNICATIONS INC 0.3792% 0.3792% NVIDIA CORP 0.3721% 0.3721% AT&T INC 0.3583% 0.3583% SAMSUNG ELECTRONICS LTD 0.3483% 0.3483% ADOBE INC 0.3473% 0.3473% PAYPAL HOLDINGS INC 0.3395% 0.3395% WALT DISNEY 0.3342% 0.3342% CISCO SYSTEMS INC 0.3283% 0.3283% MERCK & CO INC 0.3242% 0.3242% NETFLIX INC 0.3213% 0.3213% EXXON MOBIL CORP 0.3138% 0.3138% NOVARTIS AG 0.3084% 0.3084% BANK OF AMERICA CORP 0.3046% 0.3046% PEPSICO INC 0.3036% 0.3036% PFIZER INC 0.3020% 0.3020% COMCAST CORP CLASS A 0.2929% 0.2929% COCA-COLA 0.2872% 0.2872% ABBVIE INC 0.2870% 0.2870% CHEVRON CORP 0.2767% 0.2767% WALMART INC 0.2767%
    [Show full text]