stockholders’ - filinvest group
TRANSCRIPT
STOCKHOLDERS’ MEETING 2016
April 28, 2017
Philippine GDP Growth
3.9%
6.6%7.2%
6.1% 5.8%
6.9%
2011 2012 2013 2014 2015 2016
Revenue and Net IncomeRevenue Net Income
29.8 34.8
38.6
49.3
58.6
2012 2013 2014 2015 2016
Php B
5.8
6.5 6.2
7.0
8.5
2012 2013 2014 2015 2016
Php B
+97%
+19%
+47%
+21
65%
31%
4%
% of 2016Net Income
41%
41%
5%
13%
% of 2016 Revenues
Revenue and Net Income
Property Banking Sugar Power
Year-End Balance Sheet(Php in Billions)
2016 2015
Assets 498.6 419.4
Stockholders’ Equity
104.0 96.9
Solid Financial Position
• Debt-to-Equity Ratio 1.13:1
• Net-Debt-to-Equity Ratio 0.52:1
• Average Debt Maturity 8.7 years
• Fixed Rate Debt 97%
• Local Currency Debt 89%
• Foreign Currency Debt 100% hedged
2015 Dividends
499 512
466 481
2013 2014 2015 2016
(Php M)
2013 2014 2015 2016
Centavos / share
5.36 5.49 5.00 5.16
Payout rate 12.3% 12.0% 12.4% 11.0%
BUILDING A BRIGHTER FUTURE
FDCUI’s 405MW coal plant
CFB ADVANTAGES Built-in pollution control Sulfur captured & removed during
combustion Low furnace temperatures result in low NOx
emissions High combustion efficiency leads to lower
CO2 emissions Flexible system can handle low- to high-
quality fuels
Partnerships with CDC & BCDA
488 hectares in Clark corridor
Expansion of EastWest Bank
Growth of hospitality business
PROPERTY
Property Revenues
Revenues
15.9 17.5
20.0 22.3
24.2
2012 2013 2014 2015 2016
Php B
Includes FLI, FAI & hotels
• Property revenues = 41% of total group revenues
• Recurring income > 30% of property group’s net income
+8%
1.7 2.0
2.6
3.0
3.4
2012 2013 2014 2015 2016
Php B
FLI Rental Revenues
+15%
FLI Retail PortfolioIl CorsoSouth Road Properties, Cebu
Festival Supermall, Filinvest City
Php11.9B of launches in 2016
Futura HomesPalm EstatesTalisay, Bacolod
Marina SpatialDumaguete
Growth across the country
City di Mare, SRP, Cebu
Filinvest City, Alabang
FAI among Top 10 Developers
Rising prices in Filinvest City
148
246 246
300
347
68
120 139
156 185
2012 2013 2014 2015 2016
Highest published lot prices in Php 000/sqm
High FAR
Low FAR
Integrated leisure township at Clark Mimosa Estate
• Sustainable resort community that will include:
• a regional lifestyle and retail mall
• a new office park
• a variety of residential options from villas to mid-rise condos
Developing plans for Clark Green City
Hotel RevenuesQuest Hotel and Conference Center Clark
0.7
1.0
1.1
1.3
1.6
2012 2013 2014 2015 2016
Php B+26%
Crimson Boracay: Opening 2017
BANKING
Net Income
1.82.1 2.1 2.0
3.4
2012 2013 2014 2015 2016
Php B
• Acquired retail banking business of Standard Chartered Bank Philippines
+70%
Total Assets = Php291.8B
Loans
72.495.6
122.1
157.0
201.8
2012 2013 2014 2015 2016
Php B
Consumer Loans
37.848.9
65.8
90.6
137.2
2012 2013 2014 2015 2016
Php B
+25%
+51%
Loans
68%
32%
Consumer Corporate
• Auto Loans +59%
• Mortgage Loans +37%
• Credit card receivables +23%
Industry-Leading NIM
Deposits
91.2111.2
147.7
184.1
240.2
2012 2013 2014 2015 2016
Php B
• Net interest margin = 7.7%
• Net interest margin net of provisions = 4.9%
+30%
Branch Network
• 7th largest in terms of branch network
• Net revenues +34%
• Operating expenses +20%168
292
347
405433 445
2011 2012 2013 2014 2015 2016
New businesses
Insurance
• Formed EastWest Insurance Brokerage, Inc.
• Bancassurance operations with Troo, a joint-venture with Ageas Insurance
Other Businesses
• EastWest Leasing and Finance
• Investment banking
POWER
FDCUI’s 405MW CFB plant
SUGAR
Sugar revenues = Php2.6B
SHARING WITH OUR COMMUNITIES
FDCUI Medical Mission
Go Pink Campaign at Festival Mall
FDCUI Reading Readiness Program
THANK YOU
Dividend Announcement
499 512
466 481
550
2013 2014 2015 2016 2017
(Php M)
2013 2014 2015 2016 2017
Centavos / share
5.36 5.49 5.00 5.16 5.90
Payout rate 12.3% 12.0% 12.4% 11.0% 10%