SEPTEMBER 2013 www.lopezlink.ph Asian Eye’s 12th anniversary treats! Get a free eye checkup at Power Plant Mall on Sept. 9-11. Lopez Group employees also enjoy 15% off on eye plastic surgery services! Story on page 10. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph The OML Center: Front and center in addressing climate risks IN the World Bank’s 2009 report, Convenient Solutions to an Inconvenient Truth: Ecosystem-based Approaches to Climate Change, the Philippines topped the list of the countries most vulnerable to “frequent and more intense storms,” one of the main threats arising from climate change that also includes droughts, floods, rising sea levels and greater uncertainty in agriculture. Turn to page 6 KidZania September finds A Disney musical Manila to open at Power Plant journey …page 4 in 2014 …page 3 Mall …page 12 Lopezlink September 2013 Lopezlink September 2013 Biz News Biz News PHOTO BY: VER JANUARY TO JUNE 2013 FINANCIAL RESULTS (UNAUDITED, CONSOLIDATED) Lopez Holdings attributable Net income/(Loss) attributable to At the Midyear Performance Review TOTAL REVENUES equity holders of the parent company 2012 2013 % change 2012 2013 % change O We are only stewards–AMML net income at P1.424B NIC ABS-CBN P13.838B P17.061B +23 P927M P1.339B +44 A AMBASSADOR Manuel The ambassador expressed He also paid tribute to LOPEZ Holdings Corpora- Land Corporation in May We fully support these new GU Lopez Holdings P50.450B P45.281B -10 P5.451 B* P1.424B -74 M. Lopez (AMML), chair- full support for the Lopez recently retired Group comp- tion reported P1.424 billion 2012. investments which will lead T EDC P14.092B P13.434B -5 P4.618B P3.366B -27 IERREZ man of the Lopez Group of Group’s new ventures, cit- troller Perla R. Catahan, who in net income attributable to Unaudited consolidated to superior valuations in the First Gen $1.028B $984.615M -4 $94.043M $77.723M -17 companies, reminded top ex- ing joint ventures of Energy worked at FPH for a total of equity holders of the parent for revenues decreased by 10% long term,” said Lopez Hold- ecutives of their responsibility Development Corporation 35 years. The ambassador pre- the first six months of 2013. year-on-year to P45.281B from ings president, chief operating FPH P50.543B P45.286B -10 P10.405B* P1.904B -82 ROCK P2.576B P3.237B +26 P441.3M P554.8M +26 to build a robust system and for geothermal energy ex- sented Catahan with a plaque This is 74% lower than the P50.450B as subsidiary FPH officer and chief finance officer train successors in the Lopez ploration in Chile and Peru, of appreciation, thanking P5.451B in net income attrib- registered declines in the sale Salvador G. Tirona. *Includes P6.084B gain on sale of investment in equity securities and P1.834B gain related to business Values, “which are probably Rockwell Land Corporation’s her for her “outstanding and utable to equity holders of the of electricity and in the sale of As of June 30, 2013, Lopez combination. the only thing that will stand preliminary development dedicated service to the Lo- parent reported in the first half merchandise. Holdings held a 56.6% econom- Play Innovations chairman Eugenio Lopez III and board member Charo Santos-Concio (2nd and 3rd from left) flanked by the test of time.” work in Cebu City which he pez Group,” as well as to the of 2012, as restated. “FPH continues to pursue ic interest in ABS-CBN and (l-r) FBDC vice chairman Fernando Zobel de Ayala, Play Innovations president and CEO Maricel Pangilinan-Arenas and Speaking at the Mid- called a “new frontier,” First Lopez family. This was primarily due to its growth agenda in renewable 46.2% in FPH. Under recently KidZania Global COO Andres Fabre year Performance Review, Philippine Industrial Park’s For his part, ABS-CBN the absence of one-off gains energy, anchored on stable cash adopted Philippine Accounting AMML said, “We all should bid for new locators for its Corporation chairman Eu- during the period (1H2013). flows from its portfolio of gas Standards, Lopez Holdings has FPH consolidated be acutely aware that we are expanded property, the pub- genio Lopez III (EL3), vice To recall, First Philippine and geothermal plants. ABS- de-consolidated ABS-CBN PH business experiences power of only stewards of the assets lic-private partnership effort chairman of the Lopez Group, Holdings Corporation (FPH) CBN is set to build a first-of- Corporation and now consoli- that we are managing, of the of First Philippine Holdings reiterated that the Lopez Val- sold a 2.66% stake (30 million its-kind kiddie theme park in dates FPH and in its financial role playing at KidZania trade launch organizations that we are Corporation (FPH) for the ues are “etched in stone.” shares) in Meralco in January the country, while ABS-CBN statements. Comparative revenues at P45.B leading. At the right time, Cebu Mactan International EL3 said, “They (Lopez SOME of the biggest names On hand to welcome CEOs, role-play, experiencing how a 2012 and recorded a gain on Convergence will be the newest financial statements for 2012 THE First Philippine Hold- to lower revenues reported joint ventures also increased in Philippine business were VIPs and other celebrities dur- community works, how to make the next generation of lead- Airport, and ABS-CBN Values) are things that my business combination follow- mobile phone provider in the have been restated to reflect the ings Corporation (FPH) by First Philec Solar Corpo- by P31M or 155%, from among the first to get a glimpse ing the event were Eugenio Lo- and manage money, and how to ers will step up to take their Corporation’s move into mo- grandfather, my father, my ing the listing of Rockwell country by the end of the year. change. (Carla Paras-Sison) Group’s consolidated revenues ration. P20M to P51M, primarily of KidZania during Kidzania pez III (EL3), chairman of Play cooperate and work with other places.” bile telephony. uncles devoted time, blood totaled P45.3 billion for the Equity in net earnings of due to the consolidation of Manila’s business launch held at Innovations Inc.; Charo Santos- people—all of which are nec- He added, “Our major “All these have our full and sacrifices to create the first semester ended June 30, associates decreased by P88M Rockwell Land’s share in the the Rockwell Tent in Makati. Concio, board member of Play essary for success in the adult companies are listed on the support and I wish the lead- legacy that we all share. I ABS-CBN’s income up 44% due 2013. This is lower by 10% or or 95%, from P93M to P5M, revenues of Rockwell Busi- KidZania Manila is a P1- Innovations Inc.; Andres Fabre, world,” said EL3. stock exchanges with thou- ers of these teams well. Let think no matter what hap- P5.3B compared to the previ- because of the consolidation of ness Center for the six-month billion project of ABS-CBN KidZania Global chief operat- According to Pangilinan- sands of public shareholders, us always keep in mind our pens, we fully want to keep ous year’s P50.5B. Rockwell Land. period ended June 30, 2013 as Corporation subsidiary Play ing officer; Fernando Zobel de Arenas, the activities at Kid- leading to many expectations responsibility not only to those values. It’s what I be- to strong advertising revenues The decline was due to These however were par- against last year’s share for the Innovations. The Philippines’ Ayala, FBDC vice chairman; Zania Manila will be designed of our companies. As respon- current shareholders, but to lieve makes us unique, makes THE consolidated net income Advertising revenues reached and services, and general and decreased revenues from elec- tially offset by the sale of real two-month period ended June first-ever family edutainment and Maricel Pangilinan-Are- to complement classroom sible stewards of our common future generations of custom- us different…I think it is of ABS-CBN Corporation P10.061B, an increase of 29% administrative expenses. tricity and merchandise sales estate, which grew by P153M 30, 2012. center is being developed by nas, president and CEO of Play learning and some activities resources, we have to ensure ers who will continue to rely something we all share…Our registered P1.339 billion for from a year ago. Consumer sales Capital expenditure and and equity in net earnings of or 7%, from P2.2B to P2.3B, Net income decreased by Fort Bonifacio Development Innovations Inc. and governor will reflect contributions of that we do not take anything on our group of companies future looks very bright, the first half of 2013, an in- amounted to P7.000B, post- film and program rights acqui- associates. because of the consolidation of P10.5B or 69%, from P15.3B Corporation (FBDC) on a of KidZania Philippines. urban and rural Filipino in- for granted, even when it for the services that only we something to look forward crease of 44% compared with ing a 16% increase. SkyCable sition amounted to P1.653B, Revenue from sale of elec- sale of condominium units by to P4.8B, primarily due to 6,000-square meter property at Most of the guests came dustries such as farming and seems that everything is run- can provide, in the uniquely to. I think the best is yet to P927 million in the same pe- continues to be a major driver of 20% lower than last year.