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 third quarter ended September 30 For the nine months ended September 30
Income Statement (PhPM) 2017 2016 2017 2016
Net sales 27,695 25,479 81,180 73,812
Gross Profit 6,270 5,575 18,215 15,967
EBITDA 2,036 1,827 5,740 5,071
EBIT 1,508 1,341 4,223 3,640
Net Income attributable to equity holders of the Parent Company 1,210 1,275 3,491 3,301
Earnings Per Share
Weighted 0.87 0.92 2.52 2.38
Shares Outstanding (In M)
Weighted 1,385 1,385 1,385 1,385
Operating Margins
Gross Profit 22.6% 21.9% 22.4% 21.6%
EBITDA 7.4% 7.2% 7.1% 6.9%
EBIT 5.4% 5.3% 5.2% 4.9%
Net Margin* 4.4% 5.0% 4.3% 4.5%
Balance Sheet (PhPM)
Cash, cash equivalents and liquid marketable securities 28,193 26,907 28,193 26,907
Current Assets 26,437 22,694 26,437 22,694
Total Assets 74,162 69,015 74,162 69,015
Current Liabilities 18,518 17,573 18,518 17,573
Interest-bearing debt 3,848 4,812 3,848 4,812
Total Equity attributable to equity holders of the Parent Company 50,187 46,543 50,187 46,543
Total Equity 53,880 49,796 53,880 49,796
Cash Flow (PhPM)
Net cash flow from (used in) operations 1,580 361 668 315
Net cash flow from (used in) investing activities (941) (1,060) (2,366) (4,763)
Net cash flow from (used in) financing activities (1,072) (507) (3,489) 1,061
Capital expenditures 793 739 2,145 2,348

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