Investor Relations

3 Year Financial Highlights

For the full year ended December 31
2017 2016 2015
INCOME STATEMENT (PhP millions)
Net sales 115,238 105,293 90,883
Gross Profit 25,792 23,026 19,749
EBITDA 8,378 7,531 6,376
EBIT 6,305 5,493 4,729
Net Income attributable to equity holders of the Parent Company 4,978 4,830 4,342
Earnings Per Share
Weighted 3.59 3.49 3.13
Shares Outstanding (In M)
End of Period 1,385 1,385 1,385
Weighted 1,385 1,385 1,385
OPERATING MARGINS
Gross Profit 22.4% 21.9% 21.7%
EBITDA 7.3% 7.2% 7.0%
EBIT 5.5% 5.2% 5.2%
Net Margin* 4.3% 4.6% 4.8%
BALANCE SHEET (PhP millions)
Cash and cash equivalents 14,565 12,718 9,757
Current Assets 34,070 30,232 23,802
Total Assets 82,181 76,695 65,160
Current Liabilities 25,357 24,478 18,526
Interest-bearing debt 6,378 6,576 2,845
Total Equity attributable to equity holders of the Parent Company 51,533 47,587 43,524
Total Equity 55,267 50,566 45,505
CASH FLOW (PhP millions)
Net cash flow from (used in) operating activities 6,804 6,169 4,449
Net cash flow from (used in) investing activities (3,512) (5,924) (6,835)
Net cash flow from (used in) financing activities 1,459 2,709 2,172
Capital expenditures 3,105 3,436 3,144
FINANCIAL RATIOS
Current ratio 1.34 1.24 1.28
Return on average equity** 10.0% 10.6% 10.4%

Notes:
*Based on Net income attributable to equity holders of the Parent Company
**Attributable to equity holders of the Parent Company

Latest Interim Financial Results

For the second quarter ended For the first half ended
2018 2017 2018 2017
INCOME STATEMENT (₱ millions)
Net sales 31,498 27,763 60,459 53,486
Gross Profit 7,122 6,226 13,606 1,194
EBITDA 2,291 2,053 4,139 3,704
EBIT 1,752 1,557 3,027 2,715
Net Income attributable to equity holders of the Parent Company 1,410 1,286 2,622 2,282
Earnings Per Share
Weighted 1.02 0.93 1.89 1.65
Shares Outstanding (In M)
Weighted 1,385 1,385 1,385 1,385
OPERATING MARGINS
Gross Profit 22.6% 22.4% 22.5% 2.2%
EBITDA 7.3% 7.4% 6.8% 6.9%
EBIT 5.6% 5.6% 5.0% 5.1%
Net Margin** 4.5% 4.6% 4.3% 4.3%
BALANCE SHEET (₱ millions)
Cash, cash equivalents and liquid marketable securities 31,171 28,409 31,171 28,409
Current Assets 30,597 26,192 30,597 26,192
Total Assets 78,763 73,304 78,763 73,304
Current Liabilities 20,727 19,142 20,727 19,142
Interest-bearing debt 3,731 3,741 3,731 3,741
Total Equity attributable to equity holders of the Parent Company 52,514 48,886 52,514 48,886
Total Equity 56,389 52,432 56,389 52,432
CASH FLOW (₱ millions)
Net cash flow from (used in) operating activities 2,022 130 1,569 (911)
Net cash flow from (used in) investing activities (1,328) (643) (1,943) (1,425)
Net cash flow from (used in) financing activities (620) (504) (3,294) (2,417)
Capital expenditures 1,191 718 1,874 1,352

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