INVESTORS AND ANALYSTS BRIEFING. Manila Room A & B, Makati Shangri-La 12 February 2008
|
|
- Erika Green
- 5 years ago
- Views:
Transcription
1 INVESTORS AND ANALYSTS BRIEFING Manila Room A & B, Makati Shangri-La 12 February
2 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements that include words or phrases such as EDC or its management believes, expects, anticipates, intends, plans, foresees, or other words or phrases of similar import. Similarly, statements that describe EDC s objectives, plans or goals also are forward-looking statements. All such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Such forward looking statements are made based on management s current expectations or beliefs as well as assumptions made by, and information currently available to, management. EDC does not make expressed or implied representations or warranties as to the accuracy and completeness of the information contained herein and neither of them shall accept any responsibility or liability (including any third party liability) for any loss or damage, whether or not arising from any error or omission in compiling such information or as a result of any party s reliance or use of such information. The information and opinions in this presentation are subject to change without notice. This presentation does not constitute a prospectus or other offering memorandum in whole or in part. Information contained in this presentation is a summary only and is prepared for discussion purposes and is not a complete record of the discussions. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any security. There shall be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification under securities laws of such state or jurisdiction. By receiving this presentation each investor is deemed to represent that it is a sophisticated investor and possesses sufficient investment expertise to understand the risks involved. Prospective investors should undertake their own assessment with regard to their investment and they should obtain independent advice on any such investment s suitability, inherent risks and merits and any tax, legal and accounting implications which it may have for them. 2
3 PRESENTATION SEQUENCE 2007 in Review Major Milestones Growth Initiatives IFRIC 12 and Impact on the Company Financial Overview Growth Platforms Question & Answer Session 3
4 MAJOR MILESTONES IN 2007 THE YEAR WAS HIGHLIGHTED BY THE COMPANY S S FULL PRIVATIZATION AND THE TURNOVER OF ITS LEYTE BOT PLANTS RESULTING IN COST SAVINGS OF PHP2.6 BILLION Key Areas Major Milestones Full Privatization Secondary sale of another 20% of Common Shares in July Complete sell down of remaining 40% of Common Shares and 100% of Preferred Shares in Nov 2007 for PHP58.5 billion (~PHP9.75/share). BOT Transfer Full year s operation of the 125 MW Upper Mahiao Power Plant. Transfer of the 232.5MW Malitbog & 180MW Mahanagdong Power Plants in July 2007, and the 50.9 MW Leyte Optimization Plants in Sept Organic Growth Completion of the 49MW Northern Negros Power Plant on time and within budget marking the Company s first foray in power plant development. NPC Issues Agreed some of the long outstanding issues with NPC amounting to a net of PHP580.0 million in favor of the Company. About PHP484.8 million of this were settled in January Loan Prepayment Prepayment of US$90 million ING and US$75 million Standard Chartered syndicated loans, which saves the company some PHP375.4 million in interest payments. Effective interest rates were 9.9% and 8.6%, respectively, and original tenor of 5 years. 4
5 GROWTH INITIATIVES IN 2007 THE COMPANY ALSO PURSUED SEVERAL GROWTH INITIATIVES IN 2007 Key Platform Areas Growth Initiatives Organic Growth Started the tendering process for the engineering, procurement, and construction of the 20MW Nasulo Power Plant in Southern Negros. Ongoing development of six other geothermal greenfield projects totaling up to 290MW and the Burgos Wind Project of up to 86MW. PSALM Privatization Pre-qualified to participate in the privatization of the 192.5MW Palinpinon Geothermal Power Plant in Southern Negros. Overseas Expansion Initiated business development efforts in Indonesia by setting up a Jakarta office. Drilling Operations Signed PHP686.9 million international drilling contract with Lihir Gold Ltd. in March As of Dec. 31, 2007, 82% of the contracted days have been completed earning the Company PHP624.8 million in revenues. Finalized terms of reference for the acquisition of new rigs and commenced upgrade of 3 drilling. 5
6 IFRIC 12 AND IMPACT ON THE COMPANY WHAT IS IFRIC 12? The International Financial Reporting Interpretations Committee (IFRIC) issued IFRIC 12 Service Concession Arrangements to address the proper accounting by private sector operators involved in the provision of public sector infrastructure assets and services, such as roads, bridges, energy supply, and telecommunication networks, etc. IFRIC 12 is required to be adopted starting January 1, Nonetheless, the Company has decided to early adopt IFRIC 12 since its impact is required to be shown in the notes to the financial statements. 6
7 IFRIC 12 AND IMPACT ON THE COMPANY THE COMPANY EARLY ADOPTED IFRIC 12 ON ITS SERVICE CONCESSION AND RELATED ARRANGEMENTS WITH MINIMAL IMPACT TO INCOME OF PHP12.8 MILLION IN 2007 Major differences and impact: Most of the Company s concession assets are now recorded as Concession Receivable 1 instead of Power Plants, Production Wells, and Property, Plant, and Equipment. Thus, there is no amortization and depreciation expense. Part of the billings from NPC are recorded as Revenues from Sale of Steam and Electricity while a fixed portion is recorded to reduce the Concession Receivable and recognize Interest Income on Service Concession. Construction Revenues and Construction Costs are recorded on a percentage-ofcompletion basis. The margin is reflected in the EBITDA. Capital expenditure that doesn t increase the revenue potential of the assets are charged to expense. 1 The Northern Negros ESA has been recorded as intangible asset. While EBITDA is reduced on paper, IFRIC 12 does not have an impact on total cash flow 7
8 FY 2007 FINANCIAL HIGHLIGHTS NET INCOME AND RECURRING NET INCOME INCREASED BY 26% AND 23%, RESPECTIVELY, IN 2007 Headline Difference Revenues 18,784 25,722-6,938-27% EBITDA 10,239 10, % Net Income 8,651 6,863 1,788 26% Recurring Net Income 6,210 5,062 1,148 23% Total Assets 65,071 77,392-12,321-16% Total Liabilities 30,217 50,018-19,801-40% Stockholders' Equity 34,853 27,375 7,478 27% Earnings-per-Share % Current Ratio 2.13x 1.47x Debt-to-Equity Ratio 0.67x 1.45x Debt-to-EBITDA Ratio 2.26x 3.83x Note: Amounts in PHP Millions except for the ratios Revenue decline is driven by IFRIC 12 which resulted in the Company booking bulk of the construction of the Northern Negros Plant as revenue in
9 FY 2007 OPERATION HIGHLIGHTS WHILE ELECTRICITY & STEAM REVENUES REMAIN RELATIVELY FLAT, BOT FEES DECREASED SIGNIFICANTLY POWER AVERAGE TARIFF TOTAL GWH BOT FEES P2.9/kwh 5, ,105.7 P3.1/kwh 5, ,782.9 STEAM AVERAGE TARIFF TOTAL GWHe P1.6313/kwh 3,093.7 P1.6007/kwh 3,135.8 OTHER REVENUES DRILLING CONSTRUCTION Note: Amounts in PHP Millions except for PHP/kWh ,
10 FY 2007 RESULTS OF OPERATION BOTH REVENUES AND OPERATING COSTS AND EXPENSES DECLINED AS A RESULT OF LOWER CONSTRUCTION COSTS Revenues (PHP billion) Operating Costs and Expenses (PHP billion) (27%) (43%) Decrease is mainly due to: Lower construction revenue (6.5) Lower revenue from electricity (1.0) Lower interest income on concession (0.1) Higher steam revenue 0.3 Higher drilling services revenue 0.4 Total (6.9) Decrease is mainly due to: Lower construction cost (5.9) Lower O&M's purchased services (2.1) Higher depreciation & amortization 0.1 Lower O&M (0.2) Higher G&A Expenses 1.3 Total (6.7) 10
11 FY 2007 RESULTS OF OPERATION EBITDA SLIGHTLY DECREASED DUE TO LOWER CONSTRUCTION REVENUE MARGIN WHILE NET INCOME WAS UP BY 26% E B I T D A (PHP billion) Net Income (PHP billion) 1.8 (26%) (1%) Decrease in EBITDA mainly due to: - Decrease in construction revenue (6.9) - Decrease in purchased services Decrease in construction cost Lower O&M Increase in G&A (1.3) Total (0.1) Increase in Net Income mainly due to: - Increase in forex gain Decrease in interest expense Increase in provision for income tax (0.9) - Decrease in EBITDA (0.1) Total
12 FY 2007 RESULTS OF OPERATION AS A RESULT, RECURRING NET INCOME WAS UP BY 23% Recurring Net Income (PHP billion) 1.1 (23%) Increase in RNI mainly due to: - Realized forex gain in 2007 of PHP848.2 million in contrast to 1.9 the PHP1,036.7 million realized forex loss in Decrease in finance cost Adjustment in prior years' accrued royalty fee (0.9) - Increase in provision for income tax (0.6) - Decrease in EBITDA (0.1) Total
13 FY 2007 CASH FLOWS FREE CASH FLOW IMPROVED SIGNIFICANTLY; WITH LONG-TERM DEBT PREPAYMENTS, CASH AND CASH EQUIVALENTS DECREASED TO PHP2.8 BILLION Free Cash Flow* (PHP billion) Movements in Cash and Cash Equivalents (PHP billion) (328%) Increase is mainly due to decrease in capital investments in building the Northern Negros Plant *Net cash from operations less net cash used in investing activities FCF Other Cash Long-term Sources Dividends Debt payments 13
14 FY 2007 FINANCIAL RATIOS STRONGER FUNDAMENTALS: FINANCIAL CONDITION LOOKS EVEN BETTER DUE TO DEBT PREPAYMENTS Liquidity and Solvency Ratios Current Ratio 2.13x 1.47x Net Debt PHP20.4B PHP29.7B Debt-to- Equity Ratio 0.67x Debt-to- EBITDA Ratio 2.26x 1.45x 3.83x 14
15 GROWTH PLATFORMS THE COMPANY WILL FOCUS ON THREE MAJOR PLATFORMS FOR ITS FUTURE GROWTH Organic Growth Transfer of the 106 MW Mindanao power plant to be effected in June 2009 The Company plans to build new plants (up to 310MW) to capitalize on the DOE projected demand growth and supply shortages Acquisitions The Company intends to actively participate in the privatization of some 1,155 MW geothermal power plants International Expansion Structurally, Indonesia appears to present good opportunities and the Company intends to explore these 1
16 GROWTH PLATFORMS: ORGANIC GROWTH POTENTIAL PROJECTS ARE INTEGRATED STEAM & POWER GENERATING FACILITIES OF UP TO 310MW Southern Negros 20MW Nasulo 40MW Dauin Albay & Sorsogon 40MW Tanawon 40MW Rangas 40MW Kabayon Leyte 50 80MW Southern Leyte Cotabato 50 MW Mindanao 3 Projects Capacity (MW) Target Date Acceleration Nasulo Mindanao mos. Dauin mos. Tanawon mos. Rangas mos. Kayabon mos. Southern Leyte TOTAL The Mindanao 1 & 2 BOT projects are also scheduled to be transferred to the Company in June
17 GROWTH PLATFORMS: ACQUISITIONS THE COMPANY INTENDS TO ACTIVELY PARTICIPATE IN THE PRIVATIZATION OF GOVERNMENT S S GEOTHERMAL POWER PLANTS Power plant Installed capacity (in MW) Privatization plan Palinpinon 192 Bundled with Panay Dingle Tongonan 113 Tongonan and Bacon Bacon - Manito 150 Manito to be bundled with Bohol Target bidding date Est Est Tiwi-MakBan 700 Est ,155 17
18 GROWTH PLATFORMS: INTERNATIONAL EXPANSION STRUCTURALLY, INDONESIA APPEARS TO PRESENT GOOD OPPORTUNITIES AND THE COMPANY INTENDS TO EXPLORE THESE Indonesia will prioritize the utilization of renewable energy for power generation. Indonesian government targets its geothermal capacity to reach 9,500 MW in 2025 from the present ~1,000 MW. Indonesian government sets new benchmark price for geothermal power generated by independent power producers at between 5.9 US cents to 10.0 US cents per kwh. 18
19 OTHER INITIATIVES THE COMPANY INTENDS TO HEDGE ITS JPY EXPOSURE, PARTICULARLY MIYAZAWA 1 & 2 LOANS LOANS PROFILE (In Millions) Loan Repayment Schedule (In Million Pesos) USD101.0 (PHP4,180.8) 18.0% PHP % ,009 5,852 JPY51, ,246 (PHP18,643.6) 80.4% ,203 Interest Rate (AVE) JPY 4.81% USD 6.85% PHP 5.67% , ,000 4,000 6,000 8,000 10,000 19
20 SUMMARY IN SUMMARY, THE COMPANY HAD A SOLID PERFORMANCE IN 2007 & IS LOOKING AT VARIOUS GROWTH OPPORTUNITIES IN 2008 In 2007, net income and recurring net income increased by 26% and 23%, respectively. The Company will focus on three major platforms for its future growth: Organic growth with seven new greenfield projects of up to 310MW and the transfer of the Mindanao 1 and 2 BOT plants in 2009; Acquisitions through PSALM privatization of geothermal assets; and, International expansion the Company is looking at the opportunities in Indonesia. 20
21 Question & Answer Visit us at 21
FIRST GEN CORPORATION Financial and Operating Results
FIRST GEN CORPORATION Financial and Operating Results 1 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements that include words or phrases such as
More informationAnalyst Briefing August 15, 2018
Analyst Briefing August 15, 2018 First Gen Corporation www.firstgen.com.ph 6 / F Rockwell Business Center Tower 3, Ortigas Avenue, Pasig City, Philippines 1604 DISCLAIMER This presentation contains forward-looking
More informationFY 2013 Financial and Operating Results March 2014 S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L
FY 2013 Financial and Operating Results March 2014 S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L EDC, GCGI, BGI & FGHPC STRONG CASH FLOWS ARE GENERATED BY ASSETS HELD AT BOTH PARENT AND SUBSIDIARY
More informationCOMPANY PRESENTATION 6th Annual dbaccess Asia Conference Marina Bay Sands, Singapore; May 18-20, 2015
COMPANY PRESENTATION 6th Annual dbaccess Asia Conference Marina Bay Sands, Singapore; May 18-20, 2015 2 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements
More informationS T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L. In transition Higher Peaks NEW HORIZONS
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L In transition Higher Peaks NEW HORIZONS Earnings Call on EDC s YTD September Financial and Operating Results November 15, EDC CONSOLIDATED REVENUES
More informationSEC Form 17Q 2Q
- SEC Number 66381 File Number ENERGY DEVELOPMENT CORPORATION (Company s full Name) Merritt Road, Fort Bonifacio, Taguig City (Company s Address) (632) 667-7332 (Telephone Number) June 30, 2011 (Quarter
More informationNovember JUSTINA F. CALLANGAN Director. ENERGY DEVELOPMENT (EDC) CORPORATION Registration Statement - filing of Updated Form 1Z-Q
energy Energy Center, Merritt Road, Fort Bonifacio 1201 Taguig City, Philippines Tel: +63 (2) 8936001 to 47; 893 1320 to 64 Fax: +63 (2) 840 1575 November 12.2009 THE SECURITIESAND EXCHANGE COMMISSION
More informationSEC Form 17Q 1Q
SEC Number 66381 File Number ENERGY DEVELOPMENT CORPORATION (Company s full Name) Merritt Road, Fort Bonifacio, Taguig City (Company s Address) (632) 667-7332 (Telephone Number) March 31, 2011 (Quarter
More informationEDC COMPANY PRESENTATION JANUARY 2015
EDC COMPANY PRESENTATION JANUARY 05 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements include words or phrases such as EDC or its management believes,
More informationMaybank Invest ASEAN Philippines 2015 Makati Shangri-La Hotel, Manila August 25, 2015
Maybank Invest ASEAN Philippines 2015 Makati Shangri-La Hotel, Manila August 25, 2015 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements include
More informationCOVER SHEET E N E R G Y D E V E L O P M E N T ( E D C ) C O R P O R A T. I O N ( F o r m e r l y P N O C E n e r g y D e v e l o p
COVER SHEET SEC Registration Number 6 6 3 8 1 E N E R G Y D E V E L O P M E N T ( E D C ) C O R P O R A T I O N ( F o r m e r l y P N O C E n e r g y D e v e l o p m e n t C o r p o r a t i o n ) A s u
More informationIn compliance with the disclosure requirements of the Philippine Stock Exchange, we submit the attached SEC Form 17-Q for the 1 st Quarter of 2009
May 13, 2009 JANET A. ENCARNACION HEAD, Disclosures Department Philippine Stock Exchange Tektite Building, Ortigas Center Pasig City Dear Ms. Encarnacion: In compliance with the disclosure requirements
More informationMay 8, Dear Ms. Vina:
Energy Development Corporation 38 th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue Ortigas Center, Pasig 1605, Philippines Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332
More informationCOMPANY PRESENTATION Non-Deal Road Show in Hong Kong BofA/ML June 1, 2015
COMPANY PRESENTATION Non-Deal Road Show in Hong Kong BofA/ML June 1, 2015 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements include words or phrases
More informationMay 13, Dear Ms. Salonga:
Energy Development Corporation 38 th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue Ortigas Center, Pasig 1605, Philippines Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332
More informationENERGY DEVELOPMENT CORPORATION (Company s full Name)
SEC Number 66381 File Number ENERGY DEVELOPMENT CORPORATION (Company s full Name) One Corporate Centre Julia Vargas cor. Meralco Ave., Ortigas Center, Pasig City (Company s Address) (632) 755-2332 (Telephone
More informationEDC COMPANY PRESENTATION JANUARY 2015
EDC COMPANY PRESENTATION JANUARY 2015 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements include words or phrases such as EDC or its management
More informationFinancial Highlights Full Year 2015 Results. Lifestyle City Projects Mall of Asia Complex Seaside City Cebu. Company Profile Key Business Units
This presentation does not constitute a prospectus or other offering memorandum in whole or in part. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities
More information2016 Audited Consolidated Financial Statements
2016 Audited Consolidated Financial Statements Energy Development Corporation (A Subsidiary of Red Vulcan Holdings Corporation) and Subsidiaries Consolidated Financial Statements December 31, 2016 and
More informationENERGY DEVELOPMENT CORPORATION LONG ISLAND INVESTMENTS (TEAM ASIA-PACIFIC)
ENERGY DEVELOPMENT CORPORATION LONG ISLAND INVESTMENTS (TEAM ASIA-PACIFIC) Steam Production Electricity Generation Distribution ENERGY DEVELOPMENT CORPORATION Largest geothermal energy producer in the
More informationCOMPANY PRESENTATION Macquarie sponsored NDR Singapore, November 11-12, 2015
COMPANY PRESENTATION Macquarie sponsored NDR Singapore, November 11-12, 2015 DISCLAIMER This presentation contains certain forward looking statements. These forward looking statements include words or
More informationMore with Less. First Gen Corpora.on Annual Stockholders Mee.ng. 12 May 2010
More with Less First Gen Corpora.on Annual Stockholders Mee.ng 12 May 2010 1 2 WE ARE AT THE FOREFRONT OF DEVELOPING MORE INDIGENOUS ENERGY GEOTHERMAL HYDRO WIND Our business model will not only be benign
More informationThird Quarter / YTD September 2013 Financial & Operating Results 30 October 2013
Third Quarter / YTD September 2013 Financial & Operating Results 30 October 2013 AGENDA Review of Business Units Pilmico Foods Corporation Union Bank of the Philippines AboitizLand Aboitiz Power Corporation
More informationSecond Quarter / First Half 2011 Financial & Operating Results 29 July 2011
Second Quarter / First Half 2011 Financial & Operating Results 29 July 2011 AGENDA Overview Review of Business Units Pilmico Foods Corporation City Savings Bank Union Bank of the Philippines Aboitiz Power
More informationThird Quarter / YTD September 2011 Financial & Operating Results 4 November 2011
Third Quarter / YTD September 2011 Financial & Operating Results 4 November 2011 AGENDA Overview Review of Business Units Pilmico Foods Corporation Aboitiz Power Corporation Union Bank of the Philippines
More informationFirst Quarter 2010 Financial & Operating Results. 7 May 2010
First Quarter 2010 Financial & Operating Results 7 May 2010 AGENDA Overview AEV Financials Review of Business Units Aboitiz Power Corporation Union Bank of the Philippines Aboitiz Transport System Pilmico
More informationMANAGEMENT REPORT Brief Description of the General Nature and Scope of the Business of the Registrant and its Subsidiaries and Associates First Gen Corporation (First Gen or the Parent company) is engaged
More informationFULL-YEAR RESULTS 2016
FULL-YEAR RESULTS 2016 INVESTOR PRESENTATION RESULTS FROM JANUARY TO DECEMBER 2016 ZURICH 02 MARCH 2017 Achievements and key figures Operating and financial review Outlook and priorities 2017 Appendix
More information2007 ANNUAL REPORT P N O C E N E R G Y D E V E L O P M E N T C O R P O R AT I O N A NEW. beginning
A NEW beginning P N O C E N E R G Y D E V E L O P M E N T C O R P O R AT I O N A NEW BEGINNING 2007 ANNUAL REPORT 6/2/08 3:48:52 PM PNOC Cover spread 6-2.indd 1 2007 ANNUAL REPORT OUR VISION WE ARE THE
More informationCompany Profile Key Business Units Malls Residences Commercial Hotels and Convention Centers. Key Strategies Roadmap Landbank Capex Program
This presentation does not constitute a prospectus or other offering memorandum in whole or in part. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities
More informationNine Months Results January to September 2014
Panalpina Group 21 October 2014 Nine Months Results January to September 2014 21 October 2014 2 Highlights and key figures Operating and financial review Outlook Appendix 21 October 2014 3 Highlights and
More informationFourth Quarter / Full Year 2013 Financial & Operating Results 12 March 2014
Fourth Quarter / Full Year 2013 Financial & Operating Results 12 March 2014 AGENDA Review of Business Units Pilmico Foods Corporation Union Bank of the Philippines AboitizLand Aboitiz Power Corporation
More informationCompany Profile Key Business Units Malls Residences Commercial Hotels and Convention Centers. Key Strategies Roadmap Landbank Capex Program
This presentation does not constitute a prospectus or other offering memorandum in whole or in part. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities
More informationSmart Company Analysis
Wealth and Investment Management 16 May 2017 Smart Company Analysis equities@absa.co.za www.absastockbrokers.co.za Raubex Group Ltd Still some upside following stellar run although top-line growth will
More informationPT EXCELCOMINDO PRATAMA, TBK. (XL) FY 2008
PT EXCELCOMINDO PRATAMA, TBK. (XL) FY 2008 Disclaimer This document contains certain financial information and results of operation, and may also contain certain projections, plans, strategies and objectives
More informationPROTELINDO PT. SARANA MENARA NUSANTARA, Tbk. (TOWR) Indonesia s Premier Tower Company 2Q 2014 Results Presentation
PROTELINDO PT. SARANA MENARA NUSANTARA, Tbk. (TOWR) Indonesia s Premier Tower Company 2Q 2014 Results Presentation Disclaimer These materials have been prepared by PT Sarana Menara Nusantara, Tbk. (the
More informationPOLARIS INFRASTRUCTURE INC. Management s Discussion and Analysis For the Three and Nine Months Ended September 30, 2018 November 6, 2018
INTRODUCTORY COMMENTS General The following management s discussion and analysis ( MD&A ) focuses on significant factors that affected Polaris Infrastructure Inc. and its subsidiaries ( Polaris Infrastructure,
More informationMs. Janet A. Encarnacion Head, Disclosure Department
March 15, 2013 THE PHILIPPINE STOCK EXCHANGE, INC. 3 rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue cor. Paseo de Roxas Makati City 1226 Attention: Ms. Janet A. Encarnacion Head,
More informationHalf Year Results 2017
Half Year Results 2017 22 September 2017 www.lamprell.com 1 NDC 9 Rig Al Lulu Disclaimer This presentation contains certain forward-looking statements relating to the business, financial performance and
More informationQ Earnings Presentation March 1, 2019
Q4 2018 Earnings Presentation March 1, 2019 * Safe Harbor Statement The following information contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities
More informationQ Results Briefing 12 November 2018
Q3 2018 Results Briefing 12 November 2018 CONSOLIDATED FINANCIAL HIGHLIGHTS In million Php, except ratios Q1 2018 Q2 2018 Q3 2018 YTD 2018 Q1 2017 Q2 2017 Q3 2017 YTD 2017 Variance Revenues 11,430 12,529
More informationoutlook Net income Shareholders Report FIRST QUARTER 2014 Core Net Income 6,849 EPS = P1.24 4,868 EPS = P0.88 5,529 EPS = P1.00 4,398 EPS = P0.
Shareholders Report FIRST QUARTER 2014 outlook Net income Power Core Net Income Power 6,849 EPS = P1.24 325 1,794 3,530 Banking 5,529 EPS = P1.00 325 1,794 4% 3,483 8,364 Banking Food Food 29% 4,868 EPS
More informationAboitiz Equity Ventures. Fourth Quarter / Full Year 2015 Financial & Operating Results 9 March 2016
Aboitiz Equity Ventures Fourth Quarter / Full Year 2015 Financial & Operating Results 9 March 2016 AGENDA Review of Business Units AboitizPower UnionBank Pilmico AboitizLand Republic Cement and Building
More informationFY 2017 Analysts and Investors Briefing. Pilipinas Shell Petroleum Corporation
FY 2017 Analysts and Investors Briefing Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES References in this presentation to our Company or the Corporation
More informationCebu Air, Inc. 2 nd Quarter and 1 st Half 2017 Results of Operations. cebupacificair.com
Cebu Air, Inc. 2 nd Quarter and 1 st Half 2017 Results of Operations cebupacificair.com Disclaimer This information provided in this presentation is provided only for your reference. Such information has
More informationAffinity Education Group. Half Year Results
Affinity Education Group Half Year Results 29 August 2014 Disclaimer This presentation contains general information in summary form which is current as at 29 August 2014. It presents financial information
More informationThe Philippine Economy
The Philippine Economy RECENT PERFORMANCE & PRIORITY REFORMS FOR SUSTAINED GROWTH ADORACION M. NAVARRO Undersecretary, Regional Development Office National Economic and Development Authority 1 8 6 4 PH
More informationPT EXCELCOMINDO PRATAMA, TBK. (XL) 9M 2008
PT EXCELCOMINDO PRATAMA, TBK. (XL) 9M 2008 Disclaimer This document contains certain financial information and results of operation, and may also contain certain projections, plans, strategies and objectives
More informationHARNESSING STRENGTHS, DRIVING GROWTH
HARNESSING STRENGTHS, DRIVING GROWTH ANALYST BRIEFING 22 November 2016 KH Tung Chief Executive Officer Caution Forward looking statements This document contains statements that are, or may be deemed to
More informationSecond Quarter First Half 2017 Results. 2 August 2017
Second Quarter First Half 2017 Results 2Q/1H2017 EBITDA 18,969 14% 21,706 QUARTERLY BREAKDOWN 10,766 10,940 vs 1Q 2017 9,223 2% 9,433 vs 2Q 2016 16% 9,443 8,007 16,103 18,656 vs 2Q 2016 +16% 1,449 1,466
More informationInterfor Corporation Vancouver, B.C. November 2, 2017
Interfor Corporation Vancouver, B.C. November 2, 2017 Interfor Reports Q3 17 Results EBITDA 1 of $60.5 million (or $70.0 million excluding duties) Free Cash Flow from Operations of $57.5 Million (or $0.82
More informationInterim Report 9m Herbert Bodner, CEO
Interim Report 9m 2008 Investors and Analysts Conference Call on November 10, 2008 Herbert Bodner, CEO 9m 2008: Highlights g Successful growth course has continued despite financial market turbulence Growth
More informationChina TCM (570 HK) Buy (maintained) Target price: HK$ H17 earnings beat, 2017 growth guidance reaffirmed; TP raised to HK$5.
Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Equity Research Healthcare China TCM (570 HK) Buy (maintained) Target price: HK$5.40
More informationOnDeck Australia. April 2015
OnDeck Australia April 2015 Forward-Looking Statements This presentation, including the accompanying oral presentation (collectively, this presentation ), does not constitute an offer to sell or the solicitation
More informationCebu Air, Inc. 3 rd Quarter and 9 months 2017 Results of Operations. cebupacificair.com
Cebu Air, Inc. 3 rd Quarter and 9 months 2017 Results of Operations cebupacificair.com Disclaimer This information provided in this presentation is provided only for your reference. Such information has
More informationLANXESS AG Executing on Strategy and Operations
LANXESS AG Executing on Strategy and Operations 17 th Annual Citigroup Chemicals Conference New York, December 5 th 6 th, 2006 Matthias Zachert, CFO Conference 2006 Chart-No. 1 Safe harbour statement This
More informationHalf Year Results 2018
Half Year Results 2018 20 September 2018 www.lamprell.com 1 East Anglia One Disclaimer This presentation contains certain forward-looking statements relating to the business, financial performance and
More informationJefferies 6th Global Clean Technology Conference
Jefferies 6th Global Clean Technology Conference London, 22 October, 2008 BURDETTE GEOTHERMAL POWER PLANT NEVADA, USA GREEN ENERGY you can F56 OTec Q2/08- Sp 080608 0 Disclaimer Statements in this presentation
More informationFull-Year Results January to December 2014
Panalpina Group March 4, 2015 Full-Year Results January to December 2014 March 4, 2015 2 Highlights and key figures Operating and financial review Outlook and priorities Appendix March 4, 2015 3 Highlights
More informationHALF-YEAR RESULTS 2016 INVESTOR PRESENTATION
HALF-YEAR RESULTS 2016 INVESTOR PRESENTATION RESULTS FOR JANUARY TO JUNE 2016 20 JULY 2016 Highlights and key figures Operating and financial review Outlook and priorities Appendix HALF-YEAR RESULTS 20
More information4Q17 Earnings Conference Call. March 8, 2018
4Q17 Earnings Conference Call March 8, 2018 Disclaimer This presentation includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations
More informationCompany Announces $600 Million Accelerated Share Repurchase
1 of 11 21/02/2013 10:28 Print Page Close Window Press Release ADT Reports First Quarter 2013 Results Company Announces $600 Million Accelerated Share Repurchase BOCA RATON, Fla.--(BUSINESS WIRE)--Jan.
More informationAppen Limited (APX-AU) 29 August 2017
Appen Limited (APX-AU) 29 August 2017 Pricing in another Upgrade Marketperform Adam Dellaverde adamd@taylorcollison.com.au +618 8217 3923 +6403 013 032 Summary Market capitalisation ($m) $438.7 Share price
More informationOVERSEAS REGULATORY ANNOUNCEMENT
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More information2018 Half Year Results Presentation
2018 Half Year Results Presentation MATRIX COMPOSITES & ENGINEERING Aaron Begley Chief Executive Officer Brendan Cocks Chief Financial Officer 22 February 2018 Disclaimer Reliance on third party information
More informationFY18 1 ST HALF RESULTS
26 FEBRUARY 2018 FY18 1 ST HALF RESULTS Chief Executive Officer : Chief Financial Officer : John Croll James Orlando isentia.com AGENDA Overview of H1 FY18 Results Strategic Focus H1 FY18 Financial Performance
More informationKeppel Infrastructure Trust
Keppel Infrastructure Trust 3Q FY17 and 9M FY17 Financial Results 16 October 2017 Important Notice Not for distribution in the United States The information contained in this presentation is for information
More informationZiggo N.V. Q Results. October 19, 2012
Ziggo N.V. Q3 2012 Results October 19, 2012 Disclaimer This document does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any
More informationFor personal use only
Indonesian Growth-Focused Oil Production Company Annual General Meeting November 2017 Disclaimer This presentation has been prepared by Bass Oil Ltd ( BAS or the Company ), with the purpose of providing
More informationRamsay Health Care Christopher Rex, Managing Director. Australia and New Zealand 7th Annual Investment Conference London 9 March, 2010
Ramsay Health Care Christopher Rex, Managing Director Australia and New Zealand 7th Annual Investment Conference London 9 March, 2010 DISCLAIMER This Presentation has been prepared by Ramsay Health Care
More informationChina Renewable Energy Investment Ltd (987_HK)
Wednesday, March 21, 2018 www.evaluateresearch.com Target Price HK$ 0.50 Current Price HK$ 0.23 Upside Potential 117% Market Cap. Shares Outstanding HK$ 525 mn $ 66.90 mn 2,364.7 mn Free Float (FF %) 631.9
More informationF I R S T G E N C O R P O R A T I O N. (Company s Full Name) 6 t h F l o o r R o c k w e l l B u s i n e. s s C e n t e r T o w e r 3, O r t i g a s
A 1 9 9 8-1 8 2 6 0 SEC Registration Number F I R S T G E N C O R P O R A T I O N (Company s Full Name) 6 t h F l o o r R o c k w e l l B u s i n e s s C e n t e r T o w e r 3, O r t i g a s A v e n u
More informationINTERNATIONAL BONDS. Original amount (USDm) 2020 Sr. Unsecured USD Jun NR / B / B- INDEBTEDNESS
INTERNATIONAL BONDS GRUPO FAMSA RETAIL Instrument Currency Coupon (%) Maturity Original (USDm) Amount outstanding (USDm) Price Yield (%) Z-spread (bps) Rating: M/S&P/F 22 Sr. Unsecured USD 7. 1-Jun-22
More informationNINE MONTHS RESULTS 2017
NINE MONTHS RESULTS 2017 INVESTOR PRESENTATION RESULTS FROM JANUARY TO SEPTEMBER 2017 BASEL 19 OCTOBER 2017 Achievements and key figures Operating and financial review Outlook and priorities 2017 Appendix
More informationATTENTION : DIR. VICENTE GRACIANO P. FELIZMENIO JR., Director, Markets and Securities Regulation Department
May 7, 2014 SECURITIES AND EXCHANGE COMMISSION SEC Building, EDSA Greenhills, Mandaluyong City, Metro Manila ATTENTION : DIR. VICENTE GRACIANO P. FELIZMENIO JR., Director, Markets and Securities Regulation
More informationPLDT Inc. 'BBB+' Rating Affirmed Despite Higher Country Risk; Outlook Stable
Research Update: PLDT Inc. 'BBB+' Rating Affirmed Despite Higher Country Risk; Outlook Stable Primary Credit Analyst: Wei Kiat Ng, CFA, Singapore (65) 6239-6345; wei_kiat.ng@spglobal.com Secondary Contact:
More informationPrice: +4% Volume: +1% FX: 0% Portfolio: +0% Δ Q Q Comments. Jun ,633 m
Q3 2018 Delivering despite challenging environment Financial Summary for Investors and Analysts Q3 2018 Overview of LANXESS Group Price: +4% Volume: +1% FX: 0% Portfolio: +0% Δ Q3 2018 Q3 2017 Comments
More informationQ Results Briefing 22 May 2017
Q1 2017 Results Briefing 22 May 2017 CONSOLIDATED FINANCIAL HIGHLIGHTS In million Php, except ratios Q1 2016 Q1 2017 Variance Revenues 6,470 10,351 56% Coal 3,940 6,778 72% Power 2,530 3,572 41% Depreciation
More informationSecond Quarter & Year-to-Date 2007 Results
Second Quarter & Year-to-Date 2007 Results Strong business model. Diversified generating assets. Technical and commercial expertise. Environmental leadership. Financial discipline. Forward looking statements
More informationROADSHOW POST-Q2 & H RESULTS. September 2016
ROADSHOW POST-Q2 & H1 2016 RESULTS September 2016 1. COMPANY OVERVIEW Rexel at a glance : Strategic partner for suppliers and customers Energy Providers Suppliers Customers Endusers Economies of scale
More informationWe re changing lives. First Quarter 2010 Financial and Operating Results
We re changing lives. First Quarter 2010 Financial and Operating Results 13 May 2010 1 PLDT Group: 1Q 2010 Financial Highlights 1Q 2010 (unaudited) 1Q 2009 (unaudited) % Y-o-Y Service Revenues P36.0bn
More informationBROKER PRESENTATION JUNE 2017
PACIFIC ENERGY LIMITED ASX : PEA BROKER PRESENTATION JUNE 2017 Important Notice and Disclaimer This presentation has been prepared by (PEA) for information purposes only. This presentation is not a product
More informationAtty. Jose Valeriano B. Zuño III Head, Disclosure Department
May 8, 2017 The Philippine Stock Exchange, Inc. 3 rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue cor. Paseo de Roxas Makati City Attention: Atty. Jose Valeriano B. Zuño III Head,
More informationThe New LANXESS: Stable, profitable and on a path of growth. Annual Press Conference 2017
The New LANXESS: Stable, profitable and on a path of growth Annual Press Conference 2017 1 Safe harbor statement The information included in this presentation is being provided for informational purposes
More informationAvante Logixx. Q2 FY19 Earnings Release
Avante Logixx Q2 FY19 Earnings Release November 22, 2018 F O R W A R D - L O O K I N G S T A T E M E N T S & D I S C L A I M E R This presentation contains forward-looking information within the meaning
More informationFY 2017 FINANCIAL RESULTS. March 1 st, 2018
FY 2017 FINANCIAL RESULTS March 1 st, 2018 FY 2017 Results 1. Highlights 2. FY Financial Performance Analysis 3. Appendix Verallia FY 2017 Financial Results 01/03/2018 2 2017 HIGHLIGHTS A very good financial
More informationSysco 4Q & FY14 Earnings Results. August 11, 2014
Sysco 4Q & FY14 Earnings Results August 11, 2014 Forward-Looking Statements Statements made in this press release or in our earnings call for the fourth quarter of fiscal 2014 that look forward in time
More informationTHIRD QUARTER RESULTS Investor presentation 25/10/2018
THIRD QUARTER RESULTS 2018 Investor presentation 25/10/2018 Summary Achievements and Key Figures Operating and Financial Review Outlook and Priorities 2018 Appendix Q3 Results 2018 Panalpina 2 Achievements
More informationAinsworth Game Technology Limited
FY18 Annual Results Announcement Ainsworth Game Technology Limited www.agtslots.com Disclaimer IMPORTANT NOTICE This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665
More informationTHE STANDARD BANK OF SOUTH AFRICA LIMITED
THE STANDARD BANK OF SOUTH AFRICA LIMITED (Incorporated with limited liability under registration number 1962/000738/06 in the Republic of South Africa) ZAR40 000 000 000 Structured Note Programme On 30
More informationENMAX Corporation 2017 Q2 INTERIM REPORT CAUTION TO READER
ENMAX Corporation 2017 Q2 INTERIM REPORT ENMAX Corporation CAUTION TO READER This document contains statements about future events and financial and operating results of ENMAX Corporation and its subsidiaries
More informationBUY. Manila Electric Company: MON 30 OCT M17 core earnings in line, net distribution revenues beat estimates
Manila Electric Company: 9M17 core earnings in line, net distribution revenues beat estimates 9M17 core earnings in line, net distribution revenues beat estimates. Meralco s 3Q17 core net income rose 14.7%
More informationConclusion of Basic Agreement for Making Promise a Wholly-owned Subsidiary of Sumitomo Mitsui Financial Group
Conclusion of Basic Agreement for Making Promise a Wholly-owned Subsidiary of Sumitomo Mitsui Financial Group September 30, 2011 Sumitomo Mitsui Financial Group, Inc. Sumitomo Mitsui Banking Corporation
More informationMs. Janet A. Encarnacion Head, Disclosure Department
April 10, 2014 THE PHILIPPINE STOCK EXCHANGE, INC. 3 rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue cor. Paseo de Roxas Makati City 1226 Attention: Ms. Janet A. Encarnacion Head,
More informationFor personal use only
Indonesian Growth-Focused Oil Production Company Indonesia Australia Business Council (IABC) Conference Surabaya November 2017 Disclaimer This presentation has been prepared by Bass Oil Ltd ( BAS or the
More informationSEHK: Interim Results. 12 August 2009
SEHK: 215 29 Interim Results 12 August 29 Disclaimer These materials have been prepared by Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH) solely for use at this presentation and have not
More informationDeutsche Bank 12 th Annual European Leveraged Finance Conference. London - June 12, 2008
Deutsche Bank 12 th Annual European Leveraged Finance Conference London - June 12, 2008 1 Wind Q1 2008 highlights Q1 2008 Revenues 1,300 million Q1 2008 EBITDA 456 million Fixed line 32% Mobile 68% Fixed
More informationAtty. Jose Valeriano B. Zuño III Head, Disclosure Department
November 10, 2017 The Philippine Stock Exchange, Inc. 3 rd Floor, Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue cor. Paseo de Roxas Makati City Attention: Atty. Jose Valeriano B. Zuño III
More informationFINANCIAL INFORMATION AS OF SEPTEMBER 30, 2015
FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2015 KEY MESSAGES Financial performance impacted by commodity price drop, partially offset by performance in fast growing markets and cost discipline Cash flow
More informationMarch 24, Dear Ms. Encarnacion:
Energy Development Corporation 38 th Floor, One Corporate Centre Building, Julia Vargas corner Meralco Avenue Ortigas Center, Pasig 1605, Philippines Trunklines: +63 (2) 667-7332 (PLDT) / +63 (2) 755-2332
More information