DEC. 2016-JAN. 2017 www.lopezlink.ph Merry Christmas, kapamilya! http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Yuletide greetings from our chiefs on page 5. A ‘tried and true’ Power POWER Plant Mall goes back to the tried and true for #Christmas- AtRockwell 2016. Plant Mall Christmas Turn to page 6 ABS-CBN TV- Yule reliables…page 12 Our 9-month financial plus reaches 2M results …page 2 milestone…page 4 Lopezlink Dec. 2016-Jan. 2017 Biz News Biz News Lopezlink Dec. 2016-Jan. 2017 JANUARY TO SEPTEMBER 2016 FINANCIAL RESULTS (UNAUDITED) Sec. GL@DENR Unaudited total revenues Unaudited net income attributable to Lopez Holdings equity holders of the parent Lopez: Fighting climate change and economic 2015 2016 % change 2015 2016 % change growth must go hand in hand ABS-CBN P27.761B P31.167B +12 P2.295B P3.096B +35 DELIVERING the Philip- more than 1.5 degrees will de- the adoption of the historic attributable net pine Statement at the joint stroy possibilities for quality of Paris Agreement on Climate LPZ P71.100B P65.626B -8 P4.355B P5.524B +27 EDC P25.324B P25.384B 0 P5.865B P7.012B +20 high-level segment of the cli- life,” Lopez said. Change in December last mate change summit in Mar- The DENR chief said the year. First Gen $1.434B $1.263B -12 $119.89M $169.95M +42 rakech, Morocco in November, country will plant millions of Lopez said she was in awe incomeBy Carla Paras-Sison at P5.54B FPH P71.231B P65.782B -8 P3.697B P8.763B +137 Environment Secretary Gina bamboos, which not only per- at the dynamism and nonne- ROCK P5.413B P7.881B +46 P1.088B P1.216B +12 Lopez said that combating form “superbly” in sequestering gotiable commitment of the LOPEZ Holdings Corpora- counted for these results. FPH off gains recorded by FPH units climate change and economic carbon from the atmosphere leaders of the climate change tion reported P5.524 billion in also reported one-off gains for in manufacturing and in power development must go hand in but could also be used as ma- movement. net income attributable to eq- the period. generation, higher efficiencies Higher efficiency key to sustainable profits DOE THE BY PHOTO hand as nations strive to limit terial for buildings, low-cost “If we all imbibe this con- uity holders of the parent for Unaudited consolidated rev- sustained year-to-date gains. L-R: First Gen chairman Federico R. Lopez, Sen. Sherwin Gatchalian, Lopez Group chairman emeritus Oscar M. Despite lower revenues from One-time gains of FPH units higher revenues from election ad- global warming to 1.5 ⁰C. housing, floor tiles and textiles, sciousness deep in our hearts the first nine months of 2016. enues decreased by 8% year- FPH costs and expenses fell by Lopez, Energy Sec. Alfonso Cusi, former Sen. Sergio Osmeña and First Gen president Giles Puno the sale of electricity, lower costs in manufacturing and in power vertising to continue investments “Should the change in the and for cleaning polluted wa- and manifest it in ground This is 27% higher than the on-year to P65.626B from a faster 12% following an 8% and expenses helped sustain generation also added to earnings in digital media. Control of ex- planet’s temperature escalate terways. level reality— humanity faces P4.355B in net income attrib- P71.100B. decline in revenues. In the same profit growth for First Philippine in the first nine months of 2016. penses also contributed to better to more than 1.5 degrees, we Officially billed as the 22nd a bright future if we continue utable to equity holders of the FPH posted a 137% increase way, ABS-CBN’s expenses grew First Gen unveils San Gabriel Holdings Corporation (FPH). ABS-CBN Corporation used overall margins for ABS-CBN. stand to lose whatever eco- Conference of the Parties to to bloom this spirit of work- parent reported in 9M2015. in net income attributable to eq- by a slower 8% compared to a nomic gains we make. The the United Nations Frame- ing together,” Lopez said. The steady performance of in- uity holders of the parent while 12% rise in revenues. Flex-Plant, Avion open cycle plant planet simply cannot afford work Convention on Climate “The Philippines is making a vestees First Philippine Hold- ABS-CBN registered a 50% Lopez Holdings owns 46% an indecisive ambiguity about Change, the Marrakech sum- commitment to this exciting FIRST Gen Corporation on plants, and instead build for the cost of installation and op- ings Corporation (FPH) and increase in net income during of FPH and has a 56% eco- First Gen posts 42% higher what needs to be done. The mit served as the first meet- future.” (Excerpted from www. November 11 held inaugural 21st. But we can only succeed if erations continue to ride the ABS-CBN Corporation ac- the period. In addition to one- nomic interest in ABS-CBN. situation is clear—anything ing of governments since denr.gov.ph) ceremonies for its 414-MW we seize this pivotal movement cost curve reductions. This is a attributable net income at $170M San Gabriel combined-cycle with boldness and vision. As the global trend that will be diffi- FIRST Gen Corporation re- missioning and operating in- revenues were $41M, or 4% of and 97-MW Avion open cycle smartest players know, you have cult to ignore. We are proving ported net income attributable come during the third quarter of total consolidated revenues. FG natural gas-fired power plants to ‘skate to where the puck will that it is possible to provide FPH attributable net to equity holders of the parent of 2016. The earnings contribution Hydro showed a growth in reve- in Santa Rita, Batangas. be,’” FRL said in his speech dur- for our country’s energy needs, $170M for the first nine months of the natural gas-fired plants nues of $6M for the period end- First Gen chairman and CEO ing the inauguration of the two generate jobs that power our of 2016. This was a 42%, or a increased by $41M to $130M in ed September 30, 2016 versus Federico R. Lopez (FRL) and plants. economy and run a profitable income jumps 137% $50M increase from the $120M the first nine months of 2016. last year’s $35M due to higher Energy Sec. Alfonso Cusi, with San Gabriel marks the first business without sacrificing the it made for the same period in EDC’s geothermal, wind and ancillary service sales, though First Gen president and COO time that German company urgent need to protect our en- THE First Philippine Holdings P15.0B for the same period in settlement proceeds amounting 2015. The company’s newest solar revenues accounted for likewise affected by lower spot Giles Puno, led the ceremonial Siemens AG has brought a vironment,” Puno noted. Corporation Group reported a 2016, an increase of P6.4B or to P2.4B. natural gas-fired power plant, the $500M, or 42% of total consoli- market prices. Consequently, switch-on of the new facilities. Flex-Plant to the country. The Avion is the first power net income attributable to eq- 75% from last year’s P8.6B. Also contributing to the up- San Gabriel Flex-Plant, booked dated revenues. The company’s the attributable earnings contri- “It’s critical that the coun- Flex-Plant technology helps plant in the Philippines to run uity holders of the parent of This was primarily due to tick were income amounting income from liquidated damag- attributable earnings of $67M bution of FG Hydro was higher try looks ahead and anticipates enable a more stable and reli- on aircraft engines for land- P8.8 billion for the nine months stronger margins on the sale to P255 million recognized by es caused by its construction de- in the first three quarters of 2016 by $4M, or 47% at $13M. the trajectory of technology and able grid amid increasing in- based power generation ap- ended September 30, 2016, an of electricity, First NatGas FPSC from the final settlement lay while Energy Development came in higher from $60M last On a recurring basis, First other forces ultimately steering stallations of intermittent re- plication. It has the capability increase of P5.1B or 137%, from Power Corporation’s receipt of its outstanding payables to Corporation (EDC) and First newable energy. to run not only on natural gas year as the drop in revenues was Gen’s attributable net income First Balfour president Anthony Fernandez (seated, 4th from left) during the contract signing with (l-r) Unisys project us toward a decarbonized world. last year’s P3.7B, reflecting the of the P2.2B (P1.7B after tax) third parties at only 45% and Gen Hydro Power Corporation matched by declines in operating for the first nine months of 2016 manager-BPO Management Tana Abrenica, First Balfour legal officer Atty. Ces Pallarca, First Balfour EVP Rey Villar It’s an exciting juncture for the “These gas plants are per- but also on diesel. Avion’s tur- growth in earnings from subsid- liquidated damages paid by a P636-M decline in foreign both delivered higher earnings. and interest expenses, supple- was flat at $128M. The par- and Unisys project director-Enterprise Solutions Juan Ingersol Castro; standing, l-r: First Balfour BDG manager country and we have the op- fectly suitable to support the bines can be online in seven iaries as well as the decrease in its contractor for delays in the exchange loss in addition to a First Gen’s consolidated rev- mented by a receipt in insurance ent company likewise incurred Rafael Hernandez, legal officer Vicente Lo, legal counsel Atty.