MAY 2013 www.lopezlink.ph Happy 71st birthday, Lopez Group chairman Amb. Manuel M. Lopez! http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph BMPM: Change startsWE need to tell our story, they said. with us They wanted a proper school building—one that had a roof and walls, and a toilet that was not a hole in the ground. They had sought out ABS-CBN’s Bayan Mo, iPatrol Mo (BMPM), requesting the Turn to page 6 2012 financial results …page 2 ‘The Voice’ Mommy has it …page 4 matters …page 12 Lopezlink May 2013 Lopezlink May 2013 Biz News Biz News 2012 FINANCIAL RESULTS Dispatch from Japan At the stockholders’ meeting TOTAL REVENUES Net income/loss* EDC wind project to boost ABS-CBN eyes higher profits this year 2011 2012 % change 2011 2012 % change PH participates in ikebana exhibit Ilocos Norte’s development ABS-CBN Corporation ex- “Well, if you look at our rat- consumer sales driven by Star ABS-CBN P25.143B P28.395B +13 P2.420B P1.708B -29 pects to rake in higher profits ings, we’re very strong so [earn- Cinema, SkyCable and even Lopez Holdings P25.143B P28.395B +13 P3.955B P4.538B +15 this year, buoyed by strong ings this year will be] driven our Global [group],” he con- EDC P24.540B P28.369B +16 (P167.2 mn)** P8.659B 5,279 program ratings and consumer by strong ratings and airtime,” tinued. First Gen $1.364B $1.527B +12 $35.021M $186.071M +431 sales. Valdueza said after the media The company is also bank- FPH P70.315B P77.952B +11 P2.117B P9.552B*** +351 ABS-CBN chief financial conglomerate’s April 23 annual ing on the additional revenues ROCK P6.2B P6.7B +10 P914.9M P1.1B +23 officer Rolando Valdueza said stockholders’ meeting. from election-related ads to this year’s net income will “be “And we’re also seeing ex- help buoy growth this year. *Net income/ (loss) attributable to equity holders of the parent better” than 2012’s. cellent performance from our Valdueza, quoting analysts’ **Includes P5.0-B loss on impairment of the Northern Negros Geothermal Plant prediction, said sales from po- ***Includes P6.084-B gain on sale of Meralco shares, P2.156-B gain related to business combination litical ads may reach P1 billion (Rockwell) and P4.075B loss on impairment mostly for photovoltaic affiliates under arbitration. Details of EDC president Richard Tantoco (5th from left) leads the groundbreaking ceremony of the wind power project. ‘ABS-CBN off to a great start’ this year, although this figure is ABS-CBN, First Gen and EDC financial results were published in the April 2013 issue of LopezLink Also in photo are officials of its partner-companies Vestas and First Balfour, Ilocos Norte provincial officials led ABS-CBN Corporation is off because generations of ABS- well below what the firm raked by board member Mariano Marcos II, director of Department of Energy-Renewable Energy Management Bureau to a great start in 2013, com- CBN men and women made in during the presidential elec- Mario Marasigan and Burgos Mayor Cresente Garcia ing from a successful 2012, sure that we were prepared for tions in 2010 at almost P3B. Lopez Holdings attributable ENERGY Development Cor- required documentation to and transmission line will be president and chief executive the task... ABS-CBN is an Valdueza noted the com- poration (EDC) has concluded deliver the project. one of the largest investments officer Charo Santos-Concio institution bigger than all of pany’s managed costs will also the groundbreaking ceremony The BWP, which is expected made in Ilocos Norte. help in bring in more profit this net income at P4.58B said during ABS-CBN’s an- us put together—it is woven for its 87-MW Burgos Wind to be operational next year, will Tantoco stressed that “the nual stockholders’ meeting. from the dreams and aspira- year. LOPEZ Holdings Corpora- economy, ratings leadership and “ABS-CBN and FPH are Amb. Manuel M. Lopez and Maria Teresa L. Lopez in front of the Philippine flower arrangement at the Project (BWP) following its ensure power stability in the project will spur development “Even as we review the tions of pioneers, of veterans, “We also continue to work tion posted a P4.538 billion strong cable service revenues. continually making new invest- “Beautiful Earth Arrangement” ikebana exhibit announcement of the signed Luzon grid. It is seen to generate in Ilocos Norte by attracting successes of 2012, we are of mentors and of the young and manage our costs—pro- in net income attributable to Meanwhile, FPH sold a ments to support the require- deal with wind turbine sup- approximately 233 GWh annu- more investments and eventu- THE Philippines, represent- the spouses of the ambas- nanas are one of the top Phil- seeing a great start to 2013,” men and women that will take duction costs in particular,” he equity holders of the parent 2.66% stake (30 million shares) ments of long-term growth. The plier Vestas on March 1, 2013. ally and power over a million ally create more and better op- ed by Maria Teresa L. Lopez, sadors of eight countries: the ippine exports to Japan, with Santos-Concio, who assumed us into tomorrow,” she said. said. in 2012, 15% higher than the in Meralco in January 2012 strong domestic economy and the This is EDC’s first foray into households. It will augment the portunities for the residents.” spouse of Amb. Manuel M. Philippines, Thailand, India, more than 90% of bananas sold the CEO post in January, “People ask why we The firm will be announcing P3.955B in net income attrib- and booked an additional gain resilience of Filipino audiences the wind energy business. Luzon grid’s dependable capac- “In all the areas where Lopez (AMML), took part in Morocco, Germany, Russia, in the country coming from the said. dream. We dream because its first-quarter results on May utable to equity holders of the relating to its previous sale of overseas provide further impetus EDC president and chief ity, which needs an additional EDC operates, we take pride the annual ikebana exhibition Finland and Costa Rica. Philippines. As to orchids, she “‘Juan de la Cruz’ and ‘Ina, we believe in Filipinos and in 15, and Valdueza said profits parent reported in 2011. The Meralco shares, with the as- to these investing activities,” said operating officer Richard Tan- 4,200 MW in the next 10 years in being able to help improve of the Saga Goryu Ikebana The Philippine flower ar- noted that many orchid spe- Kapatid, Anak’ continue to their dreams—their yearn- are deemed better than what amount includes the compa- signment to the FPH group of Lopez Holdings president, chief toco said that the support of due to the projected 4.5% annual the living conditions of our School entitled “Beautiful rangement, Paraiso (Paradise), cies originally came from the deliver 47% audience shares. ings for family, friends and for was posted in the same period ny’s share in the gain on sale Rockwell Land shares received operating officer and chief finance the local government units and increase in electricity demand. host communities in parallel Earth Arrangement” at the featured plants indigenous to Philippines; these were later ‘Be Careful with My Heart’ a better world for their loved last year. of Meralco shares by associ- as property dividends by buyer officer Salvador G. Tirona. regional government agencies The BWP project cost of with the progress of their ba- Daikakuji Temple in Kyoto. the Philippines such as bam- hybridized with other species has changed the face of ones. Today, we reaffirm our ABS-CBN has set aside some ate First Philippine Holdings Beacon Electric. FPH reported As of December 31, 2012, has been an invaluable help $300 million covering the costs rangay, municipality, city and AMML and Mrs. Lopez boo, bananas and orchids. to create new varieties. morning programming, a commitment to be of service P5B for capital expenditures this Corporation (FPH). net income attributable to equity Lopez Holdings held a 60.3% for EDC to have secured all of the wind farm, substation province,” Tantoco said. true game changer,” she said, to the Filipino and remain year. The firm declared a cash Audited consolidated rev- holders of the parent of P9.552B, economic interest in ABS- attended the exhibit’s open- In her speech during the Mrs. Lopez ended her referring to top-rating ABS- committed in keeping the dividend of P0.40 per share, pay- enues increased by 13% year- after gains were tempered by CBN and 46.2% in FPH. ing ceremony on April 12. opening ceremony, Mrs. Lopez speech by inviting the guests CBN shows. dream alive,” Santos-Concio able to stockholders of record as on-year to P28.395B from the impairment loss of P4B as (Carla Paras-Sison) The highlight of the exhi- explained that the bamboo is at the exhibition to visit the “’Sisterakas,’ ‘One More said. (Excerpted from www. of May 10, 2013. Payment will be P25.143B, as associate ABS- a result mostly of the arbitration bition is the flower arrange- an environment-friendly plant “paradise” that is the Philip- ABS-CBN, IBM PH tie up for Try’ and ‘It Takes a Man and abs-cbnnews.com) made on June 6, 2013. (Excerpted CBN Corporation improved proceedings involving the pho- ments created by ikebana used widely in the daily life of pines. (Excerpted from http:// a Woman’ delivered record from www.abs-cbnnews.com) performance amid a growing tovoltaic sector companies.