JUNE 2019 www.lopezlink.ph Story on page 8 http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph PAAFI: Doing its homeworkStory on page 6 Stylishly Strong start for FPH …page 9 First Balfour bricks it on sustainable Group, ABS-CBN…page 2 …page 12 Lopezlink June 2019 Lopezlink June 2019 Biz News JANUARY TO MARCH 2019 FINANCIAL RESULTS (UNAUDITED) NET INCOME ATTRIBUTABLE TO TOTAL CONSOLIDATED REVENUES EQUITY HOLDERS OF THE PARENT First Gen LNG’s terminal project holds ‘kagami biraki’ Lopez Holdings net COMPANY FIRST Gen LNG Corporation’s and First Gen, we consider that 2018* 2019 % change 2018* 2019 % change LNG terminal project held its the holding of a kagami biraki income attributable ABS-CBN P9.010B P10.358B +15 P452.5M P856.3M +89 kagami biraki groundbreaking ceremony is an appropriate way ceremony at the First Gen Clean for First Gen and Tokyo Gas LPZ P27.565B P32.770B +19 P1.104B P2.291B +108 Energy Complex (FGCEC) in to celebrate our collaboration, First Gen $469.7M $533.8M +14 $39.7M $81.1M +104 Batangas City on May 28, 2019. the completion of the signifi- to parent at P.91B FPH P27.565B P32.770B +19 P2.011 B P3.759B +87 FGEN LNG has now com- cant predevelopment work and By Carla Paras-Sison ROCK P3.329B P3.491B +5 P523 M P715M +37 pleted significant predevelop- the commencement of the next ment work for its planned lique- phase of the development of LOPEZ Holdings Corpora- Holdings Corporation (FPH) 120% increase in net income *As restated for Lopez Holdings, FPH and ROCK fied natural gas (LNG) receiving the project,” said Federico R. tion reported P2.291 billion and lower foreign exchange during the period. Forex losses terminal located at FGCEC in Lopez, chairman and CEO of in net income attributable to losses as well as better ABS- on the FPH Group’s consoli- Batangas City to make the proj- First Gen. equity holders of the parent for CBN Corporation earnings dated foreign currency-denom- ect site “construction ready.” First Gen signed a joint de- the first quarter of 2019. This is during the period. inated debt fell to P5 million “A kagami biraki ceremony is velopment agreement ( JDA) 108% higher than the P1.104 Unaudited consolidated rev- from P881 million during the FPH Group, ABS-CBN held to mark the start of some- with Tokyo Gas Co., Ltd. last billion in net income attribut- enues increased by 19% year- comparative period. ABS- thing new as symbolized by the December 5, 2018. The JDA able to equity holders of the on-year (YoY) to P32.770 bil- CBN recorded a 22% increase act of breaking open a round sake is a preliminary agreement parent reported in the first lion from P27.565 billion. in advertising revenues. start year strong barrel representing harmony and between the parties to jointly quarter of 2018, on account FPH posted an 87% increase As of March 31, 2019, Lo- good luck. It is then considered pursue development of FGEN Top government officials led by Energy Sec. Alfonso Cusi (8th from left) join counterparts from FGEN LNG led by chairman Federico R. Lopez (9th from left) primarily of better financial in net income attributable to pez Holdings owned 49% of Both the First Philippine budget. The FPH Group saw before interest, taxes, deprecia- that the transition has taken LNG’s LNG terminal project. in opening two casks of sake during the kagami biraki. Also in photo are (from left) Jonathan Russell, First Gen EVP and chief commercial officer; Beverley results of the energy group un- equity holders of the parent, FPH and 56% economic inter- Holdings Corporation (FPH) recurring earnings of First Gen tion and amortization likewise place,” said Kunio Nohata, mem- When completed, the LNG Rose Dimacuha, Batangas City mayor; Sen. Sherwin Gatchalian, chairman of the Senate Energy Committee; Giles Puno, First Gen president and COO; Rep. der associate First Philippine while ABS-CBN registered a est in ABS-CBN. Group and ABS-CBN started rise, while ABS-CBN benefited improved, further enhancing ber of the board, senior managing terminal will allow the coun- Lord Allan Velasco, chairman of the House Committee on Energy; Rep. Mario Vittorio Marino, Fifth District of Batangas; Hermilando Mandanas, Batangas the year strong with first quar- from election-related advertis- the FPH Group’s performance. executive officer and chief execu- try to import LNG and ensure governor; Makoto Iyori, minister for economic affairs of the Embassy of Japan; and Kunio Nohata, Tokyo Gas senior managing executive officer ter financial results meeting ing. Rockwell Land’s earnings (CPS) tive of the Global Gas Division. a continuing stable supply of FPH attributable RNI up by 34% “Given the joint development clean energy once the Malam- agreement between Tokyo Gas paya gas field is depleted. FOR the first quarter of 2019, lion, primarily due to the en- Net income attributable to First Gen earnings increase to $77M ABS-CBN launches another first—TVplus Go First Philippine Holdings Cor- ergy group’s increased electric- FPH also increased by P1.7 bil- Promos & offers FILIPINOS can now watch Free TV channels that broad- ever there is a digital TV signal. poration (FPH) reported an at- ity sales, the real estate group’s lion, or 106%, from P2.0 billion FIRST Gen Corporation re- billion) generated last year. was supplemented by higher their favorite Kapamilya shows cast in digital such as ABS- “This product will transform tributable recurring net income lower cost of sales and higher to P3.7 billion as the increase in ported recurring attributable First Gen’s net income at- Bacman, Palinpinon, Nasulo on their smartphones as ABS- CBN and ABS-CBN S+A, our customers’ daily inconve- (RNI) increase of P889 mil- leasing income, and higher RNI was supplemented by lower net income of the parent of $77 tributable to equity holders in and solar rooftop revenues in SKYcable offers ‘Installow Fee’ CBN rolls out ABS-CBN TV- as well as ABS-CBN TVplus niences into moments of comfort lion or 34%, from P2.6 billion Meralco dividends received by forex losses and higher nonre- million (P4.0 billion) in the the first quarter was $81 mil- 1Q19. until June 30 plus Go, the mobile version of exclusive channels including and entertainment and it will help last year to this year’s P3.5 bil- the parent. curring gains during the period. first quarter of 2019. This was lion (P4.2 billion). This was First Gen Hydro Power Access to its best-selling digital television DZMM TeleRadyo, CineMo, change their outlook as commute a 28% or $17 million (P1.0 bil- 104% better than the earnings Corporation delivered better live sports, product ABS-CBN TVplus. YeY, Knowledge Channel, struggles will now become lighter lion) jump from its $60 million in the first quarter of 2018 of revenues by $6 million (P0.3 events, mov- ABS-CBN TVplus Go MYX, Asianovela Channel, affordable access to entertain- and more bearable,” Lim added. Rockwell Land net income grows by 40% (P3.0 billion) in earnings from $40 million (P2.0 billion). billion), or 37% higher, to $21 ies, popular brings the experience of watch- Movie Central, Jeepney TV and ment and information from their ABS-CBN TVplus Go, ROCKWELL Land Corpora- Also contributing to the velopment costs, primarily that the same period in 2018. Consolidated revenues from million (P1.1 billion) as sales shows—and ing television with clear picture O Shopping, are just some of the favorite Kapamilya channels right which is priced at P799, is the tion posted a 40% increase in company’s continuous growth of the Proscenium. The company’s recurring the sale of electricity increased to WESM increased in terms more—24/7 and crisp sound through a spe- channels that users can watch on at their fingertips with ABS- newest addition to ABS-CBN’s net income in the first quarter is the commercial leasing busi- In 2018, the residential seg- earnings from its geothermal, by $64 million (P4.1 billion) of volume and price. The hydro and in high cial dongle and mobile app. It is ABS-CBN TVplus Go. CBN TVplus Go,” Charles Lim, growing portfolio of digital of 2019 at P719 million from ness which includes retail and ment launched the second tow- wind and solar platforms surged or 14% to $534 million (P28.0 plants account for 4% of First d e f i n i - the first product that lets An- “Millions of Filipinos use mo- ABS-CBN Access head, said. properties that accelerates its P514 million reported in the office operations. This segment er of The Arton by Rockwell to $26 million (P1.4 billion) in billion) compared to $470 mil- Gen’s total consolidated rev- tion is now droid smartphone users watch bile devices as part of their every- With it, ABS-CBN brings mission to lead the country’s same period last year. reported revenues of P562 mil- in Katipunan and Phase 1 of the first three months of 2019 lion (P23.9 billion) in 1Q18. enues. easier with free-to-air TV and exclusive day lives. We aim to serve every the TVplus experience to Fili- shift from analog to digital be- Driven by the solid perfor- lion, 30% higher than the P431 Aruga Resort and Residences- in comparison to $14 million The natural gas portfo- “In partnership with Tokyo SKYcable’s Installow Fee promo! Until June 30, SKYcable is ABS-CBN channels. Filipino by providing easy and pinos from the home to wher- fore 2023.