DEC. 2012-JAN. 2013 www.lopezlink.ph Christmas messages from our chiefs—OML, AMML, PLP, EL3 and FRL—on page 5. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph ABS-CBN & FPH: Making beautiful music for ‘Kapamilya’ SOMEWHERE, a generation of Filipinos owes a part of their early classical music education to a rabbit. Yes, a rabbit. And maybe even a cat and a couple of mice. Who can forget Bugs Bunny as “The Rabbit of Seville” doing a Farmville on Elmer Fudd? There was Mickey Mouse and a gaggle of farm animals performing “William Tell Overture,” and a feuding cat and mouse wreaking havoc on an orchestra in “Tom and Jerry in the Hollywood Bowl.” Or Bugs again as the no-baton conductor Leopold Stokowski exacting revenge on “Giovanni Jones” in “Long-Haired Hare.” Turn to page 8 Star Cinema Top execs join HR Santas and choirs movies at galore at Power Summit …page 7 the MMFF …page 4 Plant Mall! …page 16 Lopezlink Dec. 2012-Jan. 2013 BIZ NEWS NEWS Lopezlink Dec. 2012-Jan. 2013 January 2012-September 2012 financial results Unaudited net income/(Loss) attribut- UNAUDITED TOTAL REVENUES The Proscenium Lopez Holdings attributable able to equity holders of the parent Dispatch from Japan 2011 2012 % change 2011 2012 % change net income at P6.185B P21.229B P24.017B +13 P2.240B P1.555B -31 Rockwell unveils its ABS-CBN LOPEZ Holdings Corpora- as property dividends by buyer targeted managed service offer- Lopez Holdings P21.229B P24.017B +13 P3.513B P6.185B +76 tion registered P6.185 billion Beacon Electric. ings make it a preferred player EDC P18.222B P21.950B +20 (P670.2M) P7.106B +1,160 in net income attributable to Unaudited consolidated in the very competitive business First Gen $1.023B $1.179 +15 $10.1M $147.0M +1,355 newest work of art equity holders of the parent for revenues increased by 13% YoY process outsourcing sector. It is FPH P52.010B P59.308B +14 P637M P11.622* +1,724 the first nine months of 2012. to P24.017B from P21.229B, as providing valuable and much- P3.880B P3.919B +1 P615M P706M +15 This is 76% higher than the associate ABS-CBN Corpora- needed services to the market. Rock P3.513 million in net income tion logged stable numbers in Although the tender offer only *Including P6.084B gain on sale of investment in equity securities and P1.834B gain related to business attributable to equity holders of 9M2012, after implementing involves Bayan debt, collab- combination (remeasurement of Rockwell shares) the parent reported in 9M2011. higher advertising rates begin- orative efforts between Globe This was primarily due to the ning February 2012. Telecom and Bayan bode well 16x year-on-year (YoY) in- On November 5, 2012, for the Philippine telco in- crease in equity in net earnings Globe Telecom Inc. announced dustry,” said Lopez Holdings FPH attributable net of associates to P5.307B from a tender offer for debt held by president, chief operating of- Plant visit to Ajinomoto P305M, after associate First Lopez Holdings associate Bay- ficer and chief finance officer Ambassador Manuel M. Lopez (AMML) and spouse Maritess Lopez Philippine Holdings Corpora- an Telecommunications Inc., Salvador G. Tirona. were recently invited to tour the Tokai plant of Ajinomoto Co. Inc. in Yokkaichi City, Mie Prefecture. The tour tion (FPH) sold a 2.66% stake which has been under court-as- As of December 31, 2011, was facilitated by Ajinomoto’s Overseas Foods Seasoning Department and provided the guests an overview of income at P11.6B the 103-year-old company’s history, vision and philosophy. Ajinomoto was launched in Japan in 1909, a year (30 million shares) in Meralco sisted rehabilitation since 2004. Lopez Holdings held a 60.3% THE consolidated net income in net earnings of associates recognized gains and impair- after chemist Kikunae Ikeda acquired a patent to manufacture monosodium glutamate. In 2011, the company in January 2012. FPH also “While unable to participate economic interest in ABS- of the First Philippine Holdings surged to P4.3B, from net losses ment costs, recurring net in- reported net sales of 1,197 billion yen. Photo shows AMML (standing, 4th from right) and Ms. Lopez (seated, booked an additional gain in the highly lucrative mobile CBN, 46.6% in FPH and (FPH) Group reached P14.9 bil- of P66 million last year due to come amounted to P3.7B this 4th from right) with company officials and other visiting dignitaries. relating to its previous sale of phone space, Bayan continues 47.3% in Bayan Telecommuni- L-R: Rockwell Club director Harry Liu, Rockwell Land chairman Amb. Manuel M. Lopez and Makati Mayor lion for the three quarters ended improved operations of Energy period, significantly better than Meralco shares, with the as- to perform well in the data cations Holdings Corporation, Junjun Binay; architect Carlos Ott and Rockwell Land president and CEO Nestor J. Padilla September 2012, a substantial Development Corporation and the P2.0B net income last year. signment to the FPH Group of services arena. Its superior which owns 97% of Bayan. increase compared to the P2.5B FG Hydro and the absence of On November 8, 2012, ROCKWELL Land raised lutionary development to the ago, were also in attendance, Rockwell Land shares received customer service quality and (Carla Paras-Sison) for the same period last year. impairment costs of Northern FPH declared cash dividends Bayan Business gets the curtain on its latest mas- guests and partners. Ott’s sharing how their vision came This was mainly due to Negros Geothermal Plant as- of P1.00 per common share terpiece, the Proscenium. visionary sketches were show- to reality and continues to ex- the P6.1B gain on the sale of sets that were recognized last to stockholders of record as of Inspired by the culture that cased and the Rockwell Center ceed expectations. EDC income up at P8.57B Meralco shares and the P1.8B year. Net income attributable November 22, 2012, payable winning edge from AMs the Proscenium will bring master plan was revealed, intro- The Proscenium promises gain related to the investment to parent was P11.6B, up from on or before December 12, to Makati with a 600-seater ducing guests to the expansion to be the home of the Next ENERGY Development Cor- sale of electricity and ancillary end of 2012 and achieving full WITH the widest variety of fering the industry standard “A Bayan Business account in Rockwell Land. Equity P637M last year. Without the 2012. (Hazel Velasco) theater within the property, of Rockwell’s flagship develop- Generation Rockwell. With poration (EDC) generated a services for the Pantabangan- commercial operation in 2013 technology options, the most in customer service through its manager (AM) is considered the Proscenium was brought ment. cuts as big as 300 square net income of P8.57 billion for Masiway hydroelectric plants. for the large Bacman units,” competitive pricing offer, quick personalized level of account an expert in the client’s field of to life in the Rockwell Tent on Interior designers Alice meters and an average of only the first nine months of 2012 These were partially offset by EDC president and COO project delivery and imple- service management. business and, at the same time, November 27, 2012. Erfe and Butch Valdez, the four units per floor for the which reverses the net loss of the P195M net loss by another Richard Tantoco said. First Gen reports attributable mentation time, and just about Bayan COO Rafael Aguado a solutions expert. Beyond these, A five-tower residential architects of Pimentel, Rodri- first two towers, the Prosce- P488 million registered for the subsidiary, Bacman Geother- The recurring net income everything else being equal, said that Bayan Business is a fo- his key concern is to personally project bearing the signa- guez, Simbulan and Partners, nium is designed specifically same period last year. mal Inc., mainly due to trading generated by EDC in the first choosing the best technology cal point in the company’s overall contribute to the success of the ture of architect Carlos Ott, and Ott himself mingled with for those seeking the privacy The increase was boosted losses as a result of the delay three quarters of 2012 rose 96% net income of $147M provider is not an easy feat. strategy to grow the business. client’s business,” said Geri Evan- the Proscenium will add 3.7 the guests over wine. and subtle yet unmistakable mainly by revenues from sub- in the recommissioning of the to P7.77B from the P3.97B FIRST Gen Corporation re- $1.2B for the first three quar- FGP Corporation, which owns But in a case of being first “Bayan traces its roots as a gelio, an AM who has been with hectares to the Rockwell Master planner Walter Ra- elegance of the Rockwell sidiaries Green Core Geother- Bacman geothermal plants. posted during the same period ported net income attributable ters of 2012 from $1.0B for the the San Lorenzo plant, signed a among equals, Bayan Busi- pioneer in the data business, Bayan for more than a decade. Center. leigh Stewart and consultant lifestyle. mal Inc. (GCGI) and First “The generator rotor of both last year, mainly due to the to equity holders of the parent same period last year. $420-M facility with local and ness stands out because of its and I am happy to note that “We tailor-fit our systems Rockwell Land chairman for Power Plant Mall Colin For inquiries, call 793- Gen Hydro Power Corpora- Units 1 and 2 are already on-site P4.07B increase in electricity of $147.0 million for the period Affiliate Energy Develop- foreign banks to refinance its philosophy of “Business Made most of our customers… are and processes to deliver the Amb.