Investor Relations

Latest Interim Financial Results

March 31
2021 2020
INCOME STATEMENT (₱ millions)
Net sales 35,616 40,062
Gross Profit 8,164 8,736
EBITDA 2,833 3,337
EBIT 1,163 1,673
Net Income attributable to equity holders of the Parent Company 945 923
Earnings Per Share
Weighted 0.61 0.59
Shares Outstanding (In M)
Weighted 1,556 1,576
OPERATING MARGINS
Gross Profit 22.9% 21.8%
EBITDA 8.0% 8.3%
EBIT 3.3% 4.2%
Net Margin** 2.7% 2.3%
BALANCE SHEET (₱ millions)
Cash, cash equivalents and liquid marketable securities 30,457 30,022
Current Assets 44,352 42,709
Total Assets 135,091 129,543
Current Liabilities 30,668 24,727
Interest-bearing debt 5,364 2,274
Total Equity attributable to equity holders of the Parent Company 72,883 72,737
Total Equity 77,494 77,235
CASH FLOW (₱ millions)
Net cash flow from (used in) operating activities 1,600 (826)
Net cash flow from (used in) investing activities 8 2,602
Net cash flow from (used in) financing activities (6,253) (3,547)
Capital expenditures 370 559

3 Year Financial Highlights

2020 2019 2018
INCOME STATEMENT (PhP millions)
Net sales 151,070 162,916 132,680
Gross Profit 32,898 37,181 29,835
EBITDA 12,767 14,678 9,021
EBIT 5,779 7,798 6,626
Net Income attributable to equity holders of the Parent Company 3,217 3,919 5,107
Earnings Per Share
Weighted 2.05 2.49 3.65
Shares Outstanding (In M)
End of Period 1,563 1,576 1,401
Weighted 1,571 1,576 1,401
OPERATING MARGINS
Gross Profit 21.78% 22.82% 22.49%
EBITDA 8% 9% 7%
EBIT 4% 5% 5%
Net Margin* 2% 2% 4%
BALANCE SHEET (PhP millions)
Cash and cash equivalents 35,270 35,150 34,540
Current Assets 49,373 46,920 39,747
Total Assets 141,596 137,866 107,777
Current Liabilities 36,269 32,965 32,489
Interest-bearing debt 9,584 4,634 6,794
Total Equity attributable to equity holders of the Parent Company 73,052 72,122 68,521
Total Equity 77,590 76,526 72,704
CASH FLOW (PhP millions)
Net cash flow from (used in) operating activities 7,614 12,049 9,087
Net cash flow from (used in) investing activities (4,937) 1,818 (6,374)
Net cash flow from (used in) financing activities (1,645) (8,360) (2,495)
Capital expenditures 1,868 3,346 4,419
FINANCIAL RATIOS
Current ratio 1.36 1.42 1.22
Return on average equity** 4.4% 5.6% 8.5%

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

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