DECEMBER 2015-JANUARY 2016 www.lopezlink.ph The chiefs’ yuletideSee pagetidings 5. for kapamilya. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph #ChristmasAtRockwell THIS year, shoppers are in for a Christmas like they’ve never seen before as Rockwell Land Corporation celebrates its 20th anniversary. Turn to page 6 Lopez Group financial Battle for A Christmas …page 2 family begins shopping list results …page 4 …page 12 Lopezlink December 2015-January 2016 Biz News Biz News Lopezlink December 2015-January 2016 Period Unaudited total revenues Unaudited net income/attributable to Dispatch from Japan January- equity holders of the parent Lopez Holdings attributable September Summit challenges Lopez Group net income at P4.355B 2014 2015 % change 2014 2015 % change ABS-CBN P25.057B P27.826B +11 P1.836B P2.295B +25 HR practitioners to scale up LOPEZ Holdings Corpora- (BTHC) and Lopez Holdings net of related expenses. On Lopez Holdings P75.505B P72.526B -4 P3.154B P4.355B +38 tion reported P4.355 billion all the equity in the capital stock November 6, 2015, after clear- ALTHOUGH the Lopez to network and to bond. EDC P22.983B P25.324B +10 P10.377B P5.865B -44 in net income attributable to of Bayan Telecommunications ance by the Bureau of Internal Group HR Council keeps The annual HR Summit is $119.9M equity holders of the parent Inc. held by BTHC and Lopez Revenue and transfer of shares First Gen $1.426B $1.400B -2 $162.8M -26 busy all year round, the annual always looked forward to, as it for the first nine months of Holdings, valued at approxi- to Globe, the remaining bal- FPH P74.473B P71.231B -4 P4.738B P3.697B -22 Lopez Group HR Summit not only gathers the HR heads, 2015. This is 38% higher than mately P1.83B. This followed ance of 10% or P183 million ROCK P6.045B P5.413B -10 P986.1M P1.088B +10 remains the biggest single en- leaders and practitioners from the P3.154B in net income the conversion of Bayan debt was received. deavor that it undertakes every various Lopez Group compa- attributable to equity holders into equity provided under the Lopez Holdings’ unaudited year. With the HR Summit, nies, but it also draws in Lopez of the parent reported in the August 27, 2013 resolution of consolidated revenues for the AMML and Maritess L. Lopez (3rd and 4th from left) give Ministers Kato the HR Council, which is com- Group CEOs, top executives first nine months of 2014. The Bayan’s rehabilitation court, period slipped by 4% year- Lopez Group listed and Muto and Yoko Ono copies of “History and Heritage of The Kudan” posed of HR representatives and important guests and recovery of impairment losses which was approved by the on-year to P72.526B from from Lopez Group companies, speakers from all over. related to its erstwhile telecom National Telecommunications P75.505B. aims to keep the HR practitio- This year, the summit was unit accounted for the favor- Commission on July 2, 2015. As of September 30, 2015, companies stay stable AMML calls for perpetual ners abreast with trends and held at the Rockwell Tent, L-R: Cedie Vargas, HR Council chair; Federico R. Lopez, FPH Group chairman; able results. The Lopez Holdings board Lopez Holdings held a 56% developments in HR and to Rockwell Center on November and Sen. Sonny Angara, keynote speaker EARNINGS reported by income in 2015 brought businesses shaved ABS-CBN preservation of Kudan On July 21, 2015, Globe approved the transaction on economic interest in ABS- provide the opportunity for all Turn to page 11 listed companies of the Lo- down earnings from geo- Corporation’s otherwise solid AMBASSADOR Manuel the official residence of Phil- Telecom Inc. agreed to buy July 9. In the same month, CBN and 46% in First Philip- pez Group for the first nine thermal powerhouse Energy revenues from advertising, as M. Lopez (AMML) called ippine ambassadors and as a from Bayan Telecommunica- partial recovery of impairment pine Holdings Corporation. Promos & offers months of 2015 showed Development Corporation, ABS-CBN Channel 2 con- for the preservation of Kudan, landmark edifice of Philip- tions Holdings Corporation losses amounted to P1.5B, (Carla Paras-Sison) relatively stable performance but recurring earnings re- tinued to dominate audience the official residence of Phil- pine-Japan relations. ADB finances Watch the best entertainment despite encountering some mained healthy (see story on shares and ratings for total ippine ambassadors to Japan, The ambassador added that challenges. The lack of ex- this page). Meanwhile, con- Philippines (see story on this emphasizing its historic and Kudan “continuously provided Burgos Wind Project anytime, anywhere with SKY traordinary or nonrecurring tinued investments in new page). cultural value as “an integral an indispensable backdrop for ABS-CBN reports 23% increase ASIAN Development Bank covered by an ECA guarantee On Demand part of the history of Philip- the implementation of Philip- Enjoy SKY On Demand’s (ADB) has signed a financing from Eksport Kredit Fonden, pine diplomacy in Japan.” pine foreign policy in relation lineup of live TV channels assignment agreement of up Denmark’s export credit agency. AMML and spouse Mari- to Japan.” He also expressed and on-demand TV shows in net income to P1.9B to $20 million with a group “EDC is proud of the 150- EDC attributable recurring tess L. Lopez welcomed over the hope that the book “would as well as local and ABS-CBN Corporation re- year is an election year,” said “For the first nine months, of international lenders of the MW Burgos Wind Project. ported P27.8 billion in con- Aldrin Cerrado, the company’s our TV and studio operations 120 dignitaries, including add to the efforts made by all Hollywood blockbuster 150-megawatt (MW) Burgos This project underscores EDC’s movies anytime, any- solidated revenues for the first chief financial officer (CFO). turned in a very strong per- net income down 10% to P7B Katsunobo Kato, Minister- who came here before us to Wind Project (BWP). strategy to be the country’s lead- in-charge of Promoting Dy- preserve this precious prop- where on any screen! nine months of 2015, bringing “With one quarter to go, we formance with a net income ENERGY Development higher foreign exchange losses of P0.6B. The Burgos Wind power The lenders agreed to propor- ing diversified renewable power namic Engagement of All erty.” The roster of live TV its net income to P1.9B, 23% are confident that we will suc- of P3.0B, 39% higher com- Corporation (EDC) reported P1.2B (vs. P0.2B last year) and plant also contributed P1.3B in tionately assign to ADB a por- company. Indeed, the support of Citizens, State Minister for Meanwhile, Ono thanked channels includes ABS-CBN HD, AXN, Asian Food higher compared to the same ceed in meeting our earnings pared to the same period last a consolidated recurring net the absence of any impairment fresh revenues. tion of the export credit agency our lenders, which now include period last year. The company guidance of P2.4B for 2015.” year, improving its margins to Foreign Affairs Yoji Muto and the Lopezes for the invita- Channel, Basketball TV, Disney Channel, History, Nickel- income attributable to eq- reversals this year. Last year the “The completion of the (ECA) debt facility and the US ADB, is another testament that odeon, Sony, HGTV, Warner TV and RTL-CBS Entertain- reported higher third-quarter According to Kantar Me- 14.8% from 11.5%,” said Ron uity holders of the parent of company recognized a P2.0- uprated Laoag-San Esteban artist/musician Yoko Ono, at tion to visit Kudan, saying dollar commercial debt facility Burgos is a world-class project revenues of P10.1B, 8% higher dia, the top 10 programs for Valdueza, Group CFO and the launching of History and she had wonderful memo- ment, among others. SKY On Demand also offers current and P7.0 billion for the first nine B impairment reversal on its transmission line last September of Australia and New Zealand adhering to the high standards full seasons of ABS-CBN shows in HD. New users can enjoy a than the revenues generated the first nine months of 2015 head of Corporate Services months of 2015, down by 10% Northern Negros power plant. is timely given that we expect Heritage of the Kudan, the Of- ries of the house. Kudan was Banking Group Ltd., DZ Bank of multilateral funding organi- during the second quarter of for free-to-air television were Group 2. ficial Residence of the Philip- built for Ono’s uncle Iwajiro 60-day free trial to the SKY On Demand Premium Pack with from the P7.8B posted during Meanwhile, consolidated rev- to generate close to 75% of our AG Deutsche Zentral-Genos- zations,” EDC president and its collection of movies from Star Cinema, Paramount Pictures, this year. all produced by ABS-CBN. Total assets rose to P70.7B the same period last year. enues amounted to P25.3B, up by energy sales from the Burgos pine Ambassador to Japan. The Yasuda, whose grandfather senschaftsbank, Frankfurt am chief operating officer Richard “Given our growth trajec- Star Cinema has continued to as of end-September 2015 book is one of the Philippine Zenjiro Yasuda was a promi- NBC-Universal, Regal Films and Viva Films. For more info, Inclusive of nonrecurring P2.3B, or 10%, from the P23.0B Wind Project during the next Main, Hong Kong branch, ING Tantoco said. visit www.mysky.com.ph/skyondemand. (Dino Quizon) tory, we are likely to hit record dominate the local box office, from P67.2B as of end-last items, consolidated net income recorded during the same period six months,” EDC president and projects to commemorate, in nent businessman and indus- Bank, a branch of ING DiBa On April 14, 2015, EDC revenues by year-end, and we generating close to P2B in year.