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 third quarter ended For the nine months ended
September 30 September 30
2018 2017 2018 2017
INCOME STATEMENT (₱ millions)
Net sales 31,358 27,695 91,817 81,180
Gross Profit 6,971 6,270 20,577 18,215
EBITDA 2,245 2,036 6,384 5,740
EBIT 1,627 1,508 4,655 4,223
Net Income attributable to equity holders of the Parent Company 1,211 1,210 3,832 3,491
Earnings Per Share
Weighted 0.87 0.87 2.77 2.52
Shares Outstanding (In M)
Weighted 1,385 1,385 1,385 1,385
OPERATING MARGINS
Gross Profit 22.2% 22.6% 22.4% 22.4%
EBITDA 7.2% 7.4% 7.0% 7.1%
EBIT 5.2% 5.4% 5.1% 5.2%
Net Margin** 3.9% 4.4% 4.2% 4.3%
BALANCE SHEET (₱ millions)
Cash, cash equivalents and liquid marketable securities 27,683 28,193 27,683 28,193
Current Assets 28,475 26,437 28,475 26,437
Total Assets 78,923 74,162 78,923 74,162
Current Liabilities 19,517 18,518 19,517 18,518
Interest-bearing debt 4,234 3,848 4,234 3,848
Total Equity attributable to equity holders of the Parent Company 53,620 50,187 53,620 50,187
Total Equity 57,734 53,880 57,734 53,880
CASH FLOW (₱ millions)
Net cash flow from (used in) operating activities (832) 1,580 737 668
Net cash flow from (used in) investing activities (2,467) (941) (4,410) (2,366)
Net cash flow from (used in) financing activities (75) (1,072) (3,370) (3,489)
Capital expenditures 991 793 2,865 2,145

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