First Quarter May May 2015

Transcription

1 First Quarter 2015 Annual Results Stockholders Briefing Meeting 11 May May 2015

2 Ownership Structure Grand Titan 54.3% Public Float 45.7%* from 40.7% Banking Property Development Power Generation Auto Assembly, Importation, Dealership, Financing Insurance Life Non-Life 25.2 %** 100% 51.3% 40.0% 51.0% 25.3% 100% 99.2% 4.7% 52.0% 60.0% 28.2% *Arising from Grand Titan s 5% secondary share sale **Effective 07 April 2015 Source: Company data 2

3 In Billion PHP Financial Highlights Y-o-Y Q Revenues % 31.1 Toyota +17% udw Equity in income of associates +118% Source: Company data 3

4 In Billion PHP Financial Highlights Y-o-Y Q Net Income % 1.7 Metrobank +146% (Core Income) Toyota +73% AXA Philippines +59% Global Business Power +19% Source: Company data 4

5 In PHP Billion In PHP Billion Balance Sheet Total Assets Equity Attributable to Parent +9% +3% As of Dec 2014 Mar 2015 As of Dec 2014 Mar 2015 Increase in cash, inventory, and investments Net income for the quarter, net of cash dividends declared Source: Company data 5

6 In Billion PHP MBT Financial Highlights 5.7 Net Income % core net income 1Q 2014 Included extra-ordinary gains from asset sales 1Q 2015 Loan growth +19% Php2.3B in trading and FX gains and Php2.7B in service fees and commissions, and trust operations Post 1Q 2015 events Completion of Php32B SRO on 07 April 2015 Improvement in capital ratios Source: Company data 6

7 MBT Financial Highlights Deposits (PHP Billion) 1,223 1, % Loans and Receivables (PHP Billion) % 624 Total Loan Portfolio Breakdown Outpaced Industry Loan Growth of 13.7% Consumer Loan Portfolio Breakdown Consumer 26% Credit Cards 21% Home 39% Source: Company data Commercial 74% Auto 40% 7

8 MBT Network Coverage Largest Consolidated Domestic Branch Network Overseas Network Coverage +12 New Branches in 1Q New ATMs in 1Q2015 Source: Company data 932 branches 2,128 ATMs +2 Remittance Tie-Ups in 1Q Branches, subsidiaries, offices 125 Remittance tie-ups +5 Remittance Agents in 1Q2015 Over 185 Remittance agents 8

9 In Billion PHP In Billion PHP TMP Financial Highlights 23.6 Revenues Net Income % +73% Wholesale volume +20% 28,077 units c Strong sales: PCs: Vios, Corolla Altis, Wigo and Yaris models CVs: Fortuner, Innova and Hiace models Toyota retail sales +22%, outpacing PH auto market (+17%) Improvement in margins due to sales volume, favorable FX rates, and models mix Source: Company data 9

10 Auto Industry Market Share Auto Industry vs. TMP Unit Sales March 2015 Industry Growth +19.0% YoY Toyota Growth +22.0% YoY Overall Market Share (%) March ,556 70, % 13 Consecutive Years ,828 27, % 7.6% 7.4% 4.9% 4.8% 3.3% 3.1% 2.9% 2.4% 1.2% 1.2% Industry Toyota Source: Toyota Motor Philippines, CAMPI and AVID 10

11 Auto Industry Market Share 41.0% Passenger Car (%) March % Commercial Vehicle(%) March % 13.7% 13.0% 5.9% 3.8% 2.1% 2.0% 1.8% 18.3% 11.2% 10.9% 4.3% 4.0% 3.9% 3.0% 1.6% 1.3% 1.1% 0.3% 0.8% Source: Toyota Motor Philippines, CAMPI and AVID 11

12 2015 Sales Milestones Highest Total Monthly Sales: 10,237 Units (March) Highest Monthly Sales For a Particular Model: 2,774 Vios Units (March) Source: Company data 12

13 Toyota Dealerships Target by end of year No. of Dealerships Expansion in Next Wave Cities Outside Metro Manila Toyota Zamboanga City Opened: February 2015 Toyota Roxas City Opened: March Dealerships as of 18 May 2015 Source: Company data 13

14 Model Changes Alphard (Full Model Change) January 2015 Prius C (Full Model Change) January 2015 Camry (Exterior and Interior Enhancements) March

15 In Million PHP In Billion PHP TMBC-TCI Highlights Combined Revenues % Revenue growth driven by increase in sales volume of +6% reaching 3,998 units in Q Combined penetration of 14% Combined Net Income % OPEX grew by +27% YoY due to accelerated depreciation, salaries, taxes and rentals Relocation of Toyota Manila Bay and Toyota Marikina Dealerships Source: Company data 15

16 In Million PHP In Million PHP TFSPH Highlights Gross Interest Income % Bookings increased by +6% to 5,024 units in Q1 equivalent to 18% penetration Net Income % Net income results include reversal of provision based on new risk-based methodology Php37M increase in other operating expenses (taxes and credit investigation) Source: Company data 16

17 In Million PHP In Billion PHP GBP Financial Highlights Net Fees % Net Fees -1% CEDC & PEDC implemented ERC mandated preventive maintenance shutdown in Q Kwh Sales +8% 225 Net Income % Net Income +21% Q Yolanda impacted off-take and administrative price cap Source: Company data Decrease in power plant operations & maintenance expenses due to PMS 17

18 2015 Full Year Impact of TPC-1A 82-Megawatt Plant Expansion Toledo City, Cebu Commercial Operations Started 26 December

19 Panay Energy Development Corp Updates 150-Megawatt Plant Expansion Iloilo City 43.1% Completed as of 30 April 2015 Target Completion within 2H

20 Panay Energy Development Corp Updates Php11.0 Billion Syndicated Term Loan Six Participating Banks To Partially Fund 150-MW Plant Expansion 26 March

21 Panay Energy Development Corp Updates Panay-Guimaras Power Supply Consortium 24-Megawatt, 25-year Power Purchase Agreement For the 150-Megawatt PEDC Plant Expansion 11 April

22 Biomass Project with Roxas Holdings 40-Megawatt Co-Generation Facility With Roxas Holdings La Carlota City, Negros Occidental 22

23 In Million PHP In Billion PHP Fed Land Financial Highlights Revenues Real Estate Sales Other Revenues -10% Reservation sales +32% from Php3.2B to Php4.3B Launched 2 projects in Q1, targeting to launch 6 projects within 2015 Real estate sales -11% Completed 7 projects in 2014 lower POC from 31% to 23% 424 Net Income % Rent Income +11% due to Blue Bay Walk Net income -25% More middle market projects booked Source: Company data 23

24 Changing Landscape in CBDs Big Apple, Veritown Fort Bonifacio Global City Six Senses Resort Bay Area, Pasay City 24

25 New Projects Launched Q Paseo de Roces Salcedo Tower Makati City Six Senses Resort Tower 5 Bay Area, Pasay City 25

26 Partnership with Alveo Land Joint Venture Agreement to Develop 45-Hectare Master Planned, Horizontal Residential Community in Binan, Laguna 26

27 In Million PHP In Billion PHP AXA Financial Highlights Gross Premium % +36% APE coming from recovery of investment-linked products due to strong market % Single Premium due to intensified sales initiatives Net Income +24% Regular Premium due to sustained growth in health and protection products % 69% Single Premium 31% Regular Premium 76% Bancassurance 24% Sales Agency Source: Company data 27

28 AXA Updates Increase in sales force from 1,320 to 1,689 Continuous innovative product development, focused on households with increasing disposable income Synergized bancassurance and agency channels 28

29 In Million PHP In Million PHP Charter Ping An Highlights Gross Premium Written % Decline in GPW arising from Reallocation from Property to Motor Car Completion of projects secured by Bonds and Engineering lines Net Income % 35% of GPW and 63% of gross profit margin from Motor Car line Underwriting expenses +25% Major claims and losses of Php 98M in Q1 3 major warehouse fires Source: Company data 29

30 Toyota Insure Charter Ping-An Insurance and TMP launched Toyota Insure February

31 Net Income Contribution 4.3% GBP 15.1% FLI AXA CPA TMB-TC 2.1% 1.7% 0.6% AXA CPA TMB-TC TFS 2.9% 1.4% 0.5% 2.2% 4.5% GBP 10.0% FLI 25.3% TMP 51.0% MBT 38.5% TMP 40.1% MBT Source: Company data 31

32 Per Capita GDP $2,155 $2,364 $2,593 $2,771 $2,849 Source: Bangko Sentral ng Pilipinas

33 Rise of Next Wave Cities Cabanatuan City Tuguegarao City Iloilo City Cavite City Bacolod City Dumaguete City (Photo courtesy: General Santos City Cagayan de Oro City

34 AUTO SECTOR - Motorization Record Number of Units Sold 165, % 182, % 208, % 269,164 Source: CAMPI, AVID

35 PROPERTY SECTOR OFW remittances spur investments in sector BPOs drive office space demand Central Luzon Southern Tagalog Western Visayas BPO Offices Locating In Next Wave Cities Central Visayas Davao/ Gen San Source: C.B. Richard Ellis, Jones Lang Lasalle

36 In PHP Billion LIFE INSURANCE SECTOR First Year Premiums % % 21.3 Industry Developments Disposable Income Fuels Demand for Yield and Financial Protection Increased Awareness of Financial Products Source: Insurance Commission, AXA Philippines

37 Recent Developments Inclusion Into MSCI Philippine Index 3.88% Pro-Forma Weight Effective 29 May

38 Annual Stockholders Meeting 11 May 2015 Thank You! Free Powerpoint Templates Page 38