Investor Relations

3 Year Financial Highlights

For the full year ended December 31
2016 2015 2014*
INCOME STATEMENT (PhP millions)
Net sales 105,293 90,883 80,401
Gross Profit 23,026 19,749 17,429
EBITDA 7,531 6,376 5,768
EBIT 5,493 4,729 4,487
Net Income attributable to equity holders of the Parent Company 4,830 4,342 3,561
Earnings Per Share
Weighted 3.49 3.13 2.60
Shares Outstanding (In M)
End of Period 1,385 1,385 1,385
Weighted 1,385 1,385 1,367
OPERATING MARGINS
Gross Profit 21.9% 21.7% 21.7%
EBITDA 7.2% 7.0% 7.2%
EBIT 5.2% 5.2% 5.6%
Net Margin** 4.6% 4.8% 4.4%
BALANCE SHEET (PhP millions)
Cash and cash equivalents 12,718 9,757 9,970
Current Assets 30,232 23,802 23,712
Total Assets 76,695 65,160 57,496
Current Liabilities 24,478 18,526 15,022
Interest-bearing debt 6,576 2,845 112
Total Equity attributable to equity holders of the Parent Company 47,587 43,524 39,648
Total Equity 50,566 45,505 41,237
CASH FLOW (PhP millions)
Net cash flow from (used in) operating activities 6,169 4,449 4,384
Net cash flow from (used in) investing activities (5,924) (6,835) (24,966)
Net cash flow from (used in) financing activities 2,709 2,172 422
Capital expenditures 3,436 3,144 3,876
FINANCIAL RATIOS
Current ratio 1.24 1.28 1.58
Return on average equity*** 10.6% 10.4% 9.0%

Notes:
*As restated
**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 June 30 For the first half ended June 30
Income Statement (PhPM) 2017 2016 2017 2016
Net sales 27,763 25,638 53,486 48,334
Gross Profit 6,226 5,587 11,945 10,392
EBITDA 2,053 1,897 3,704 3,244
EBIT 1,557 1,396 2,715 2,300
Net Income attributable to equity holders of the Parent Company 1,286 1,238 2,282 2,023
Earnings Per Share
Weighted 0.93 0.89 1.65 1.46
Shares Outstanding (In M)
Weighted 1,385 1,385 1,385 1,385
Operating Margins
Gross Profit 22.4% 21.8% 22.3% 21.5%
EBITDA 7.4% 7.4% 6.9% 6.7%
EBIT 5.6% 5.4% 5.1% 4.8%
Net Margin* 4.6% 4.8% 4.3% 4.2%
Balance Sheet (PhPM)
Cash, cash equivalents and liquid marketable securities 28,409 27,648 28,409 27,648
Current Assets 26,192 23,710 26,192 23,710
Total Assets 73,304 69,207 73,304 69,207
Current Liabilities 19,142 19,206 19,142 19,206
Interest-bearing debt 3,741 4,426 3,741 4,426
Total Equity attributable to equity holders of the Parent Company 48,886 45,224 48,886 45,224
Total Equity 52,432 48,382 52,432 48,382
Cash Flow (PhPM)
Net cash flow from (used in) operations 130 1,006 (911) (46)
Net cash flow from (used in) investing activities (643) (2,812) (1,425) (3,703)
Net cash flow from (used in) financing activities (504) 2,186 (2,417) 1,568
Capital expenditures 718 2,799 1,352 3,530

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