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Aboitiz Equity Ventures
Third Quarter / YTD September 2016Financial & Operating Results
26 October 2016
2
AGENDA
• Review of Business Units
• Power
• Banking & Financial Services
• Food
• Land
• Infrastructure
• AEV Financials
• Q&A
3
DistributionGeneration AP Parent & Others
Both generation and distribution segments grow net income
2,635 2,914
9,482
11,975
9M2015 9M2016
15,093EPS = P2.05
24%
+26%
+11%
12,194EPS = P1.66
851 932 1,132 906
4,189 3,9323,854
3,064
1Q2016 2Q2016 3Q2016 3Q2015
QUARTERLY BREAKDOWN
5,1354,9415,016 23%4%
4,164
FINANCIAL HIGHLIGHTS
NET INCOME (in Php million)
2,635 2,914
10,409 12,486
9M2015 9M2016
4
DistributionGeneration AP Parent & Others
New coal capacity drives core net income higher
15,195EPS = P2.06
17%
+20%
+11%
12,999EPS = P1.77
Non-Recurring Items9M2015 9M2016 1Q2016 2Q2016 3Q2016 3Q2015
AP Parent 122 409 (15) 220 204 101
AP -Gen (927) (511) 257 (332) (436) (764)
Total Gains/(Losses) (805) (102) 242 (112) (232) (663)
851 932 1,132 906
3,9324,264
4,2903,828
1Q2016 2Q2016 3Q2016 3Q2015
QUARTERLY BREAKDOWN
4,8275,053
4,774
11%6%5,367
FINANCIAL HIGHLIGHTS
CORE NET INCOME (in Php million)
5
EBITDA growth driven by Therma South
4,114 4,497
20,759 24,582
9M2015 9M2016
29,259
+18%
+9%
25,196
16%
DistributionGeneration AP Parent & Others
1,325 1,435 1,737 1,438
8,096 8,0078,480
7,391
1Q2016 2Q2016 3Q2016 3Q2015
QUARTERLY BREAKDOWN
9,0949,4439,526
13%9% 10,290
FINANCIAL HIGHLIGHTS
BENEFICIAL EBITDA (in Php million)
6
Balance sheet continues to be strong with low gearing
YE2015 9M2016 YE2015 9M2016
Cash and Equivalents 13,841 21,082 51,098 65,736
Investments and Advances 70,373 71,759 22,552 22,849
Total Assets 85,574 94,391 242,489 280,966
Total Interest Bearing Debt 9,911 9,919 114,612 147,672
Total Liabilities 22,613 22,616 140,876 176,900
Net Debt - - 63,514 81,936
Total Equity 62,962 71,775 101,614 104,066
Current Ratio 1.2x 1.8x 3.1x 3.1x
Net Debt to Equity -0.1x -0.2x 0.6x 0.8x
PARENT CONSOLIDATEDBALANCE SHEET
(in m illion pesos)
FINANCIAL HIGHLIGHTS
7
138 126
627 613
9491,136
151150
9M2015 9M2016
Capacity Sales Breakdown (MW)
Spot Market Energy Contracts
Capacity Contracts Ancillary
2,0261,866 9%
Capacity Sold Factor
Fuel Group 9M15 9M16Change in % points
MINI HYDRO 45% 40% -5
LARGE HYDRO 69% 67% -2
SNAP Magat 49% 49% -
SNAP Benguet 96% 94% -2
GEOTHERMAL 76% 77% +1
COAL 97% 91% -6
Therma Luzon 93% 90% -3
Therma South 89% -
OIL 97% 92% -5
SOLAR 21% -
AP GENERATION 85% 82% -3
Capacity sales growth mainly driven by Therma South
OPERATING HIGHLIGHTS: GENERATION
8
Fuel GroupBeneficial
Total Energy Sales(GWh)
BeneficialAncillary Sales
(GW-h)
9M15 9M16 YoY Chg 9M15 9M16 YoY Chg
MINI HYDRO 509 479 -6%
LARGE HYDRO 554 603 9% 779 733 -6%
SNAP Magat 240 297 24% 340 280 -18%
SNAP Benguet 314 306 -3% 439 453 3%
GEOTHERMAL 1,987 2,020 2%
COAL 4,701 5,826 24%
Therma Luzon 3,779 3,792 - 209 256 22%
Therma South 179 1,296 624%
OIL 1,413 1,367 -3%
SOLAR 13 -
AP GENERATION 9,164 10,308 12% 989 989 -
Volume growth driven by the Coal and Large Hydro Business Units
OPERATING HIGHLIGHTS: GENERATION
9
MAGAT’S WATER LEVEL VS. RULE CURVE (in MASL)
Water levels ends below the rule curve but recovered after recent typhoons
1Q 2Q 3Q 4Q
OPERATING HIGHLIGHTS: GENERATION
10
In Peso/kWhBilateral
ContractsSpot Market
Weighted Average
Ancillary
9M15 9M16 9M15 9M16 9M15 9M16 9M15 9M16
AP GENERATION GROUP 4.35 4.29 4.62 3.27 4.38 4.21 2.02 1.98
SNAP Magat 5.05 4.76 5.15 5.39 5.06 4.82 2.09 2.27
SNAP Benguet 4.69 4.62 6.95 4.04 4.86 4.51 2.15 1.92
Therma Luzon* 3.84 3.77 5.17 3.18 3.96 3.73 1.64 1.78
Therma South 2.76 5.09 - - 2.76 5.09
APRI** 4.28 4.11 3.88 2.65 4.19 3.82
Note: Fuel cost and purchased power:*TLI: P2.08/kWh (9M2016) versus P1.67/kWh (9M2015)**APRI: P1.54/kWh (9M2016) versus P1.60/kWh (9M2015)
Average selling price drops amid declining fuel cost
OPERATING HIGHLIGHTS: GENERATION
11
OPERATING HIGHLIGHTS: DISTRIBUTION
883
2,663
3,546
979
2,840
3,818
Residential Commercial &Industrial
Total Power Sales
9M2015 9M2016
BENEFICIAL POWER SALES (GWh)
BENEFICIAL GWH SALES GROWTH(BY CUSTOMER TYPE)
PEAK DEMAND (MW)
2,790 3,142 3,322 3,606 3,727 3,934 4,076 4,480 4,759 3,546 3,818
2007 2008 2009 2010 2011 2012 2013 2014 2015 9M2015 9M2016
8%
8%
11%
7%
Power sales grows across all customer segments
354 463
25 101 102
22 30 26
1,124
362
524
26 117 103
21 30 28
1,212
DavaoLight
VECO CotabatoLight
SFELAPCO SEZ MEZ BEZ LEZ Total
9M2015 9M2016
8%
OPERATING HIGHLIGHTS: DISTRIBUTION
2%
1% 1%
3%
5%
7%7% 7%
1% 1% 1%
3%
5%6%
7%8%
12
Gov’t Cap – 8.50%
SYSTEMS LOSSGROSS MARGIN / KWH SALE
SFELAPCOSEZ Davao Light
VECO CotabatoLight
MEZ BEZ
1.44
1.60
1.77
1.71
1.61 1.59
2011 2012 2013 2014 2015 9M2016
9M2016
9M2015
LEZ
Gross margin down brought by shift in supply mix
OPERATING HIGHLIGHTS: DISTRIBUTION
13
AboitizPower is the preferred bidder for GNPower Mariveles & Dinginin
GNPower Mariveles
GNPDU1 under constructionU2 expansion option
GMCPOperating
RECENT DEVELOPMENTS
14
Luzon
Bataan Manila
A strategic acquisition that would be immediately earnings accretive with short and mid-term capacity growth
Proposed acquisition cost: $1.197 billion
Description: Acquisition of The Blackstone Group’s indirectly held partnership interests in GMCP & GNPD.
Financing: Mix of internally generated cash and external debt (up to $650M)
Status: Subject to approval of Philippine Competition Commission and Board of Investments
GNPD668-MW U1 under construction668-MW U2 expansion option
GMCP604-MW Operating
TRANSACTION DETAILS
15
60% 70% 77%
0%20%40%60%80%
100%
2014 2015 YTD
Availability Factor
Currently being operated and maintained to world-class standards
Plant Name: GMCP
COD: January 2014
Gross Capacity: 651.6 MW
Net Capacity: 2 x 302 MW
Offtake:94% contracted(w/ good credit EC/DU)
Ownership: 66.1% (pending PCC approval)
2015 Net Debt: $516 mn*
2015 EBITDA: $136 mn*
*Derived from GMCP’s 2015 Audited FS
ASSET DETAILS - GNPower Mariveles Coal Plant Ltd. Co.
16
Period Covered Availability % EBITDA Commentary
Calendar 2014 60% $105Mn*• COD in Jan 2014. • Major re-works were implemented
Calendar 2015 70% $136Mn*
• Final warranty outage occurred during the first quarter - limited operations and hence very little revenue during this period.
• Various improvement works were implemented
Calendar 2016 ~77%**• Yearly planned outage occurred in 1Q2016
2017 Beyond• System upgrades and re-works have, and will
continue to, improve plant reliability and availability.
Availability has improved; program in place for further enhancement
*Derived from GMCP’s 2015 Audited FS**Jan to Sept YTD availability
AVAILABILITY - GNPower Mariveles Coal Plant Ltd. Co.
17
One of the first supercritical, high efficiency plants in the Philippines
Plant Name: GNPD
Capacity: 2 x 668 MW (supercritical)
Ownership 40% (pending PCC approval)
Project cost: > $1 billion for Unit 1
Unit 1
- Under construction- NTP & Financial close in
Sept. 2016- ~70% contracted- COD: 2019
Unit 2- Partially de-risked
expansion opportunity - Synergies with Unit 1
Plant Model
ASSET DETAILS - GNPower Dinginin Ltd. Co.
18
AGENDA
• Review of Business Units
• Power
• Banking & Financial Services
• Food
• Land
• Infrastructure
• AEV Financials
• Q&A
NET INCOME(in Php million)
661
4,214
3Q2015 3Q2016
3,663
8,133
9M2015 9M2016
Attributable to Parent Bank’s Stockholders
PFRS 9
6.4x
2.2x
FINANCIAL HIGHLIGHTS
Net Income up by 122%
4.83% 5.04%
1.25% 1.26%
3.59% 3.78%
YTD Sept2015
YTD Sept2016
Ave. Yield Ave. Cost NIM
Net Interest Income sustains growth on improved margins and robust loan expansion
100 82
87 113
141 185
334 388 89.0% 89.5%
-100.0%
-80.0%
-60.0%
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
-
50
100
150
200
250
300
350
400
450
500
YTD Sept 2015 YTD Sept 2016
Liquid Assets Securities LoansOthers Share to Net Assets
-18%
16%+31%
+30%
19bps
YTD Sept 2015 YTD Sept 2016
-1,600
-
566 8,760 10,916
9M2015 9M2016
26% NIM Impact
74% Volume Impact
FINANCIAL HIGHLIGHTS
NET INTEREST INCOME(in Php million)
NET INTEREST MARGINEARNING ASSETS(ADB In Php billion)
79 109
87 113
9M2015 9M2016
HTC Others
69 80
2528
55
84149
191
YTD Sept 2015 YTD Sept 2016
Retail Commercial Corporate
Credit and Securities portfolio post robust expansion
29%
+10%
+52%
+16%
CREDIT PORTFOLIOADB in Php Billion
SECURITIES PORTFOLIOADB in Php Billion
30%
FINANCIAL HIGHLIGHTS
2,732 3,157
(26)
4,302
855
1,063
3,561
8,523
9M2015 9M2016
Ser. Charges, Fees and Com. Trading and FX Gain-net Miscellaneous
948 1,179
(671)
4,018
226
258
503
5,455
3Q2015 3Q2016
Non-interest income surges partly by strong fee income coupled with higher trust fund income
10.8x
9M2015 9M20163Q2015 3Q2016
2.4x
+14%
+24%
+24%
+16%
FINANCIAL HIGHLIGHTS
NON-INTEREST INCOME(in Php million)
239 286
40 46 279
331
YTD Sept 2015 YTD Sept 2016
UnionBank Subsidiaries
TOTAL DEPOSITSADB In Php Billion
Deposits growth underpinned by sustained CASA growth
CASA DEPOSITSADB In Php Billion
19%
91 106
12 14
104 122
37.4% 36.8%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
-
50
100
150
200
YTD Sept 2015 YTD Sept 2016
Peso FCDU Subsidiaries Share of CASA to Total
+20%
+15%
+17%17%
+16%
FINANCIAL HIGHLIGHTS
13.15%13.74%
16.41% 16.68%
YTD Sept 2015 YTD Sept 2016
Tier 1 Capital Ratio Total Capital Adequacy Ratio
Capital ratios remain healthy
CAPITAL ADEQUACY RATIOSConsolidated Basis
FINANCIAL HIGHLIGHTS
1.3%
2.5%
9M2015 9M2016
Profitability ratios further improve
8.8%
18.2%
9M2015 9M2016
55%46%
9M2015 9M2016
FINANCIAL HIGHLIGHTS
RETURN ON EQUITY
RETURN ON AVERAGE ASSETS
COST TO INCOME RATIO
80%
90%
100%
110%
120%
130%
140%
150%
Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16
UnionBank PSEi Financial Index
REBASED STOCK PERFORMANCE (9/30/2015-9/30/2016)
UnionBank outperforming PSE and Financial indices
27
AGENDA
• Review of Business Units
• Power
• Banking & Financial Services
• Food
• Land
• Infrastructure
• AEV Financials
• Q&A
5,732 4,882
7,254 8,947
2,732 2,377
1,345 1,532
9M2015 9M2016
28
FINANCIAL HIGHLIGHTS
Feeds PhilippinesFlour FarmsFeeds Vietnam
17,73817,063
REVENUE(in Php million)
4%
1,551 1,673 1,657 1,869
2,702 3,074 3,171 2,577
773 806 799
847 473
524 535 385
1Q2016 2Q2016 3Q2016 3Q2015
9%
5,4986,077 6,162
1%
5,678
29
FINANCIAL HIGHLIGHTS
5,732 4,882
9M2015 9M2016
Flour
15%
7,254 8,947
9M2015 9M2016
Feeds Philippines
23%
2,732 2,377
9M2015 9M2016
Feeds Vietnam
13%
1,345 1,532
9M2015 9M2016
Farms
14%
REVENUE(in Php million)
906 910
930 1,117
158 101
387 371
9M 2015 9M 2016
30
FINANCIAL HIGHLIGHTS
Feeds PhilippinesFlour FarmsFeeds Vietnam
2,4992,381
EBITDA(in Php million)
5%
304 331 276 294
335 384
398 407
22
42 36 31 91
122 158 117
1Q2016 2Q2016 3Q2016 3Q2015
2%
751
879 868 848
1%
31
FINANCIAL HIGHLIGHTS
906 910
9M2015 9M2016
Flour
930 1,117
9M2015 9M2016
Feeds Philippines
20%
158
101
9M2015 9M2016
Feeds Vietnam
36%
387 371
9M2015 9M2016
Farms
EBITDA(in Php million)
0,5%
4%
526 522
574 675
124 70
179 121
9M2015 9M2016
32
FINANCIAL HIGHLIGHTS
Feeds PhilippinesFlour FarmsFeeds Vietnam
1,3871,402
NET INCOME(in Php million)
162 204
156 169
203
233
239 253
14
31
25 24
20
39 61
48
1Q2016 2Q2016 3Q2016 3Q2015
399
507481
2%1%493
5%
33
FINANCIAL HIGHLIGHTS
526 522
9M2015 9M2016
Flour
321 436
1H2015 1H2016
Feeds Philippines
36%
124
70
9M2015 9M2016
Feeds Vietnam
44%
179 121
9M2015 9M2016
Farms
NET INCOME(in Php million)
3%
33%
176,386 179,152
636 8,988
9M2015 9M2016
Export Domestic
34
OPERATING HIGHLIGHTS – Flour Division
6%
188,140
Sales Volume (in Tons)
Average Selling Prices and Gross Profit (Php/Bag)
177,022
810 649
133 122
9M 2015 9M 2016
Average Selling Price Gross Profit Per Bag
278,051 320,015
132,585 121,140
9M 2015 9M 2016
Volume: Philippines Volume: Vietnam
410,636 441,155
35
OPERATING HIGHLIGHTS – Feeds Division
7%
Fee
ds
Ph
ilip
pin
es
Feed
s V
ietn
am
Sales Volume (in Tons)
Average Selling Prices andIncome Over Ingredient Cost (Php/Mt)
24,015 25,214
6,812 6,844
9M 2015 9M 2016
Price/MT IOIC/MT
20,551 19,622
2,609 2,400
9M 2015 9M 2016
Price/MT IOIC/MT
36
OPERATING HIGHLIGHTS – Farms Division
Sales Volume (in ‘000 Kilos)and Ave Sow Level
Average Selling Prices andGross Profit (Php/Kg)
11,398 13,686
9,500
12,400
9M 2015 9M 2016Sales Volume ('000 Kilos) Ave Sow Level (heads)
20%
114 105
31 21
9M 2015 9M 2016
Average Selling Price Gross Profit Per Kilo
37
PROJECT UPDATES
Project
Updates
100%
BREEDER
FARM 2
AUG 2016
99%
NURSERY
FARM 2
OCT 2016
Farm UpdatesPROJECT UPDATES – FARM
Farm Updates
100%
GROWFIN
FARM 9
SEP 2016
42%
GROWFIN
FARM 10
DEC 2016
84%
LAYER
FARM 4/4
OCT 2016
PROJECT UPDATES – FARM
Project Pipeline
Investment in New Meat Processing plant to support growth in farms business
6,200
8,360
14,600
sowlevel
2012 2014 2017
270,000Market Hogs
per year
MEATSLIVE HOGSFARMS MEAT PROCESSING
PLANT
Triple A slaughter & meat
fabrication facility
Php 700M investment
180 heads per hour capacity
Operational July 2018
PROJECT PIPELINE
Have a ready answer for hunger and
malnutrition with The Care
Package: High Energy Biscuits
42
AGENDA
• Review of Business Units
• Power
• Banking & Financial Services
• Food
• Land
• Infrastructure
• AEV Financials
• Q&A
8251,017
759 534
90 107
1,674 1,658
3Q 2015 3Q 2016
REVENUES(in Php million)
Residential Industrial Commercial and Others
Revenues flat; lower industrial sales offset by growth in residential and commercial
FINANCIAL HIGHLIGHTS
43
1%+23%
-30%
+19%
9M2015 9M2016
526
988240
264
273
258
1,039
1,510
3Q 2015 3Q 2016
RESIDENTIAL SALES(in Php million)
H&L Condo Lots
Residential sales grow by 45% driven by house & lot products in the mid-market and lot products in the high-end market
FINANCIAL HIGHLIGHTS
44
45%
9M2015 9M2016
EBITDA and NIAT drop by 32% and 44%, respectively driven by organization expansion and systems enhancement
FINANCIAL HIGHLIGHTS
45
32%
44%
355
243
3Q 2015 3Q 2016
EBITDA(in Php million)
267
149
3Q 2015 3Q 2016
NIAT(in Php million)
BUSINESS HIGHLIGHTS
• Construction in full swing and set to open in 2H 2017• Interest from prospects and the general public constantly
increasing
BUSINESS HIGHLIGHTS
Residential
Sales performing consistently well, continuing to beat year-on-year targets by a significant margin
Projects continue to show progress in development and construction
Some project launches have been moved to the first half of next year
Commercial
The Outlets at Pueblo Verde Expansion nearing full occupancy within its first year of operations
Industrial
20 hectares sold
15 hectares acquired for future expansion
Gatewalk
Visible construction and development
BUSINESS HIGHLIGHTS
Final planning phases for
3 new projects in Luzon
2 new projects in Cebu
PROJECT PIPELINE
80%
12%
8%
3Q 2016 CAPEX at P1.6B
65%
29%
6%
2016 CAPEX targeted at P4.6B
With the move of a few residential project launches, unspent 2016 CAPEX
shall be deferred to 2017
CAPEX
51
AGENDA
• Review of Business Units
• Power
• Banking & Financial Services
• Food
• Land
• Infrastructure
• AEV Financials
• Q&A
Sustained cement demand in 9M16 supported by: Growth in commercial
and other non-residential sectors
Steady demand in the residential sector
Public infrastructure spending
Contribution to AEV in 9M16 amounts to PHP1.3bn
52
OPERATING HIGHLIGHTS
Continued strong construction demand
53
300 MLD Davao Bulk Water Project
One of the country’s largest private bulk water supply projects30-year operations
Project status: permitting, preparation of design phase
100% powered by renewable energy
Partnership with JV Angeles Construction Corporation
PROJECT UPDATES
TamuganWeir
HEP and WTP Calinan
Reservoir
TalandangReservoir
MandugReservoir
IndanganReservoir
PanacanReservoir
CabantianReservoir
Panorama Reservoir
GUMALANG
MATINA APLAYA
MALAGOS
RIVERSIDE
TACUNAN
TALANDANG
LASANG
BUNAWAN
ACACIATIBUNGCO
LUBOGAN
MINTAL
CALINAN
POBLACIONCATALUNAN GRANDE
BAGO GALLERA
BIAO ESCUELA
MATINA BIAO
NEW VALENCIA
LOS AMIGOS
TAMUGANCALLAWA
SASA
CABANTIAN
NEW LOON
PAMPANGA
TUGBOK
MANDUG
TIGATTO
TAWAN-TAWAN
LACSON
MATINA
TugbokReservoir
54
Regional Bundled AirportsAEV + VINCI Airports = Maya Consortium
Davao (DVO)
Bohol (TAG)
Bacolod (BCD)
Iloilo (ILO)
Laguindingan (CGY)
LRT 2 AEV + SMRT Int’l Pte. Ltd = Aboitiz-SMRT Transport Solutions Consortium
PPP PROJECTS OF INTEREST
55
AGENDA
• Review of Business Units
• Power
• Banking & Financial Services
• Food
• Land
• Infrastructure
• AEV Financials
• Q&A
56
FINANCIAL HIGHLIGHTS
3Q2015 3Q2016 % Ch 9M2015 9M2016 % Ch
Revenues 28,742 30,589 6% 83,314 87,545 4%
Equity Earnings 1,834 3,174 73% 4,077 7,336 80%
EBITDA 10,402 13,412 29% 28,604 36,208 27%
Net Income 4,078 6,582 61% 11,899 17,087 44%
Core Net Income 4,591 6,699 46% 12,522 17,103 37%
CONSOLIDATED PROFIT & LOSS(in Php million)
First nine months exhibit stronger financial performance
9,375 11,604
1,438
3,954
1,373
1,354
1,276
249
149
(559) (1,250)
17,087EPS = P3.05
44%11,899EPS = P2.14
9M2015 9M2016
57
Power Financial Services Food Parent & OthersReal Estate Infrastructure
FINANCIAL HIGHLIGHTS
NET INCOME(in Php million)
Power contribution down to 63% YTD
3,857 3,799 3,948 3,201
833 1,078
2,043
572
389 496
469
488
390 477
408
50 35
64
36
(469) (430) (351) (242)
6,58221%
5,0495,456
61%
1Q2016 2Q2016 3Q2016 3Q2015
4,078
9,994 11,682
1,438
3,954
1,373
1,354 1,276
249
149
(555) (1,311)
17,103EPS = P3.06
37%12,522EPS = P2.26
9M2015 9M2016
58
Power Financial Services Food Parent & OthersReal Estate Infrastructure
FINANCIAL HIGHLIGHTS
CORE NET INCOME (in Php million)
Non-Recurring Items9M2015 9M2016
Parent (4.1) 61.7
Power (619.0) (78.4)
Total Gains/(Losses) (623.2) (16.7)
Non-Recurring Items1Q2016 2Q2016 3Q2016 3Q2015
Parent (0.3) 0.3 61.7 (4.0)
Power 186.1 (85.8) (178.6) (509.4)
Total Gains/(Losses) 185.8 (85.5) (116.9) (513.4)
3,671 3,885 4,127 3,711
833 1,078
2,043
572
389
496
469
488
390
477
408
50
35
64
36
(469) (430) (413) (238)
6,69921%
4,8635,541
46%
1Q2016 2Q2016 3Q2016 3Q2015
4,591
28,604
24,378
36,208
32,628
EBITDA (Consolidated) EBITDA (Beneficial)
59
9M2015 9M2016
27%
FINANCIAL HIGHLIGHTS
EBITDA(in Php million)
EBITDA increases on fresh contribution from RCBM and TSI, and stronger results from distribution and banking
34%
32,000 31,760
YE2015 9M2016
7,056
13,821
2,695
YE2015 9M2016Advances to Related Parties Cash & Equivalents
60
Parent net debt decreases by P9.7 bn
Cash & Equivalents
Long-term Debt
134%
1%
24,944
15,244
YE2015 9M2016
FINANCIAL HIGHLIGHTS
16,516
61
YE2015 9M2016 % Change
Cash and Cash Equivalents 63,582 84,461 33%
Total Assets 340,118 393,728 16%
Total Liabilities 193,133 224,251 16%
Total Equity 146,984 169,476 15%
Equity Attributable to Parent 118,220 140,349 19%
Book Value Per Share 21.28 24.91
Current Ratio 2.84x 3.23x
Debt to Equity 1.31x 1.32x
Net Debt to Equity 0.66x 0.63x
FINANCIAL HIGHLIGHTS
CONSOLIDATED BALANCE SHEET/KEY RATIOS(in Php million, except ratios)
Healthy ratios maintained
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3Q2015 3Q2016 % Ch 9M2015 9M2016 % Ch
AboitizPower 3,201 3,948 23% 9,375 11,604 24%
UnionBank 557 2,030 264% 1,424 3,963 178%
Petnet 15 13 -8% 15 (10) -165%
Pilmico 488 469 -4% 1,373 1,354 -1%
AboitizLand 36 64 79% 249 149 -40%
Republic Cement 22 409 1729% 22 1,278 5616%
Parent & Others (242) (352) 45% (559) (1,252) 124%
Net Income 4,078 6,582 61% 11,899 17,087 44%
Core Net Income 4,591 6,699 46% 12,522 17,103 37%
Fresh income contribution from new businesses
EARNINGS CONTRIBUTION(in Php million)
ANNEX
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AGENDA
• Review of Business Units
• AboitizPower
• UnionBank
• Pilmico
• AboitizLand
• Republic Cement and Building Materials
• AEV Financials
• Q&A
Is there a better way?
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