financial highlights

Key Metrics

Key Metrics

IN PHP MILLIONS, EXCEPT PER SHARE DATA

Balance Sheet

1Q2018
(UNAUDITED)

YE2017
(AUDITED)

Current assets 326,498 315,636
Total assets 1,067,180 1,021,545
Current liabilities 256,659 241,787
Total liabilities 642,431 610,453
Retained earnings 176,804 170,302
Stockholders' equity 424,749 411,092

Income Statement

1Q2018
(UNAUDITED)

1Q2017
(AUDITED)

Sale of goods 46,509 37,639
Rendering of services 17,503 16,453
Share of profit of associates and joint ventures 5,046 4,455
Interest income from real estate 992 1,221
Dividend income 238 268
  70,291 60,037
Cost of sales
35,970
30,105
Cost of rendering services 9,023 9,050
General and administrative 6,345 4,972
  51,339 44,129
Other income (2,160) (1,799)
Income before income tax 16,791 14,109
Income tax expense 3,901 2,541
Net income after tax 12,890 11,567
Net income attributable to parent equity holder 7,657 6,931
Earnings per share (basic) 11.81 10.65
Earnings per share (diluted) 11.63 10.50

 

 

 

Balance Sheet/Debt Profile

Balance Sheet/Debt Profile

IN PHP BILLIONS, EXCEPT PER SHARE DATA

Parent

As of 03/31/2018
(AUDITED)
As of 12/31/2017
(AUDITED)
Gross debt 88.9 83.3
Cash 16.9 18.6
Net debt 72.0 64,7
Net D/E ratio 0.65 0.59
LTV ratio 7.5% 6.4%

Consolidated

As of 3/31/2018
(UNAUDITED)
As of 12/31/2017
(AUDITED)
Net D/E ratio 0.71 0.68

 

Schedule of Debt Maturities*

(PHP BILLIONS)

*EXCLUDES PREFERRED SHARES AND PERPETUAL BONDS 1Q2018 YE2017
Debt in Php 59.7% 58.5%
Debt with fixed rates 88.2% 92.6%
Blended cost of debt 4.4% 4.2%
Avg. remaining life 15.0 years 15.4 years

 

Capital Expenditures

Capital Expenditures

The Ayala group is increasing its budgeted capital expenditures 44 percent from its year-ago actual spend to 249.4 billion pesos, in support of the parent’s own investment program as well as the expansion initiatives of our real estate, telecom, water, and energy units, and the ramp-up of our industrial technologies, education, infrastructure, and healthcare businesses.

A significant portion of this amount is allotted to Ayala Land, which has budgeted 111 billion pesos primarily for the completion of its residential and mall projects, as well as to support land acquisition.

 

2018 Planned Capex

IN BILLION PESOS

 

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