CR04937-2018 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A, AS AMENDED ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended Mar 31, 2018 2. SEC Identification Number 1746 3. BIR Tax Identification No. 000-126-853-000 4. Exact name of issuer as specified in its charter STI EDUCATION SYSTEMS HOLDINGS, INC. 5. Province, country or other jurisdiction of incorporation or organization Metro Manila, Philippines 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7th Floor STI Holdings Center, 6764 Ayala Avenue, Makati City Postal Code 1226 8. Issuer's telephone number, including area code (632) 844-9553 9. Former name or former address, and former fiscal year, if changed since last report JTH Davies Holdings, Inc./7th Floor iACADEMY Building, 6764 Ayala Avenue, Makati City 1226 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common 9,904,806,924 11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange/Common 12. Check whether the issuer: (a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports) Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No 13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form 3,567,805,024 shares x P1.46 per share = P5,208,995,335.04 APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS 14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission. Yes No DOCUMENTS INCORPORATED BY REFERENCE 15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated: (a) Any annual report to security holders March 31, 2018 Audited Consolidated Financial Statements (b) Any information statement filed pursuant to SRC Rule 20 N/A (c) Any prospectus filed pursuant to SRC Rule 8.1 N/A The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. STI Education Systems Holdings, Inc. STI PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and Section 17.2 and 17.8 of the Revised Disclosure Rules For the fiscal year Mar 31, 2018 ended Currency Philippine Pesos Balance Sheet Year Ending Previous Year Ending Mar 31, 2018 Mar 31, 2017 Current Assets 3,367,435,661 3,914,385,487 Total Assets 14,415,829,004 14,052,316,541 Current Liabilities 1,190,736,240 1,465,466,905 Total Liabilities 5,613,380,551 5,740,018,959 Retained 4,611,356,907 4,303,426,945 Earnings/(Deficit) Stockholders' Equity 8,802,448,453 8,312,297,582 Stockholders' Equity - Parent 8,705,388,756 8,221,057,418 Book Value Per Share 0.89 0.84 Income Statement Year Ending Previous Year Ending Mar 31, 2018 Mar 31, 2017 Gross Revenue 3,082,670,946 2,932,959,957 Gross Expense 2,208,323,016 2,010,878,303 Non-Operating Income 147,727,079 119,784,932 Non-Operating Expense 441,448,313 384,172,712 Income/(Loss) Before Tax 580,626,696 657,693,874 Income Tax Expense 77,808,677 99,271,359 Net Income/(Loss) After Tax 502,818,019 558,422,515 Net Income/(Loss) Attributable to Parent 496,017,439 550,204,057 Equity Holder Earnings/(Loss) Per Share (Basic) 0.05 0.05 Earnings/(Loss) Per Share (Diluted) 0.05 0.05 Financial Ratios Fiscal Year Ended Previous Fiscal Year Formula Mar 31, 2018 Mar 31, 2017 Liquidity Analysis Ratios: ; ; Current Ratio or Current Assets / Current 2.83 2.67 Working Capital Ratio Liabilities (Current Assets - Inventory - ; ; Quick Ratio Prepayments) / Current 1.99 2.49 Liabilities ; ; Solvency Ratio Total Assets / Total Liabilities 2.57 2.45 Financial Leverage Ratios ; ; Debt Ratio Total Debt/Total Assets 0.39 0.41 Total Debt/Total ; ; Debt-to-Equity Ratio 0.64 0.69 Stockholders' Equity Earnings Before Interest and ; ; Interest Coverage Taxes (EBIT) / Interest 3.65 9.3 Charges Total Assets / Total ; ; Asset to Equity Ratio 1.64 1.69 Stockholders' Equity Profitability Ratios Sales - Cost of Goods Sold or ; ; Gross Profit Margin 67.1 67.8 Cost of Service / Sales ; ; Net Profit Margin Net Profit / Sales 16.3 19 ; ; Return on Assets Net Income / Total Assets 3.5 4 Net Income / Total ; ; Return on Equity 5.7 6.7 Stockholders' Equity Price Per Share / Earnings Price/Earnings Ratio 29.15 20.17 Per Common Share Other Relevant Information - Filed on behalf by: Name Elizabeth Guerrero Designation Member & Alternate Corporate Information Officer COVER SHEET 1 7 4 6 S T I E D U C A T I O N S Y S T E M S H O L D I N G S, I N C. (Company's Full Name) 7/ F S T I H O L D I N G S C E N T E R 6 7 6 4 A Y A L A A V E. , M A K A T I C I T Y 1 2 2 6 (Business Address : No. Street City / Town / Province) Elizabeth ARSENIO M. Guerrero/Katelyne C. CABRERA, Ann JR. Brooks (6 3 2) 8 4 4 9 5 5 3 Contact Person Company Telephone Number 0 3 3 1 SEC FORM 17-A For the Fiscal Year ended 31 March 2018 Last Friday of September Month Day FORM TYPE Month Day Fiscal Year Annual Meeting N A Secondary License Type, If Applicable C F D N A Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings 1 2 5 9 N A N A Total No. of Stocholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier S T A M P S SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended March 31, 2018 2. SEC Identification Number 1746 3. BIR Tax Identification Number 000-126-853 4. Exact name of registrant STI EDUCATION SYSTEMS HOLDINGS, INC. as specified in its charter 5. Province, country or other Metro Manila, jurisdiction of incorporation Philippines or organization 6. Industry Classification Code (SEC Use Only) 7. Address of Principal Office 7th Floor STI Holdings Center 6764 Ayala Avenue 1226 Makati City 8. Registrant’s telephone (632) 844-9553 number (including area code) 9. Former name, former address, JTH DAVIES HOLDINGS, INC. former fiscal year, if changed 7th Floor iACADEMY Building since last report 6764 Ayala Avenue, Makati City 1226 10. Securities Registered pursuant to Sections 4 and 8 of the RSA. Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding ----------------------------- -------------------------------------- Common Stock 9,904,806,924 shares Issued and Outstanding 11. Are any or all of these securities listed on a Stock Exchange? Yes [ / ] No [ ] Name of Stock Exchange: Philippine Stock Exchange Class of Securities: Common 12. Check whether the registrant: (a) has filed all reports required to be filed by Section 17 of the Securities Regulations Code (SRC) and SRC Rule 17 (a) - 1 there under and Sections 26 and 141 of the Corporation Code of the Philippines during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); Yes [ / ] No [ ] (b) has been subject to such filing requirements for the past 90 days. Yes [ / ] No [ ] STI Education Systems Holdings, Inc. SEC Form 17 – A As of 31 March 2018 Page 2 13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. 3,567,805,024 shares x P 1.46 per share = P5,208,995,335.04 Note: As of the last trading date which was on 31 March 2018, the Company’s shares were traded at P 1.46 each.