Fiscal year is April-March.

All
values PHP Millions. 2019 2018 2017 2016 2015

Cash & Short Term Investments 777 1,858 3,204 665 804

Cash Only 777 1,858 3,204 665 804

Total Accounts Receivable 502 518 443 308 281

Accounts Receivables, Net 415 431 347 239 215

Accounts
664 559 471 357 333
Receivables, Gross

Bad Debt/Doubtful
-248 -129 -124 -118 -118
Accounts

Other Receivables 87 87 96 68 66

Inventories 158 140 124 40 36

Raw Materials 158 140 124 40 36

Other Current Assets 819 852 144 92 102

Prepaid Expenses 91 125 134 87 98

Miscellaneous Current
728 727 10 5 4
Assets

Total Current Assets 2,257 3,367 3,914 1,104 1,223

Net Property, Plant & Equipment 9,964 8,427 6,876 5,678 5,589

Property, Plant &

13,021 11,088 9,307 7,794 7,387
Equipment - Gross
Buildings 6,877 5,021 4,071 3,630 3,464
Land &
3,205 3,205 2,985 2,073 2,075
Improvements
Construction in
531 796 286 236 129
Progress

Computer Software
511 452 469 428 410
and Equipment

Transportation
78 83 71 76 76
Equipment
 Other Property,
1,818 1,532 1,425 1,352 1,233
Plant & Equipment

Accumulated Depreciation 3,057 2,661 2,431 2,116 1,798

Buildings 1,264 1,035 855 673 515

Computer Software
414 375 422 393 365
and Equipment

Transportation
55 55 57 58 52
Equipment

Other Property,
1,324 1,197 1,097 993 865
Plant & Equipment

Total Investments and Advances 1,927 1,974 2,800 3,403 2,303

LT Investment - Affiliate
44 42 857 1,425 1,622
Companies
Other Long-Term
1,883 1,932 1,943 1,979 680
Investments

Long-Term Note Receivable - - - - 562

Intangible Assets 234 259 267 276 274

Net Goodwill 224 241 239 239 239

Net Other Intangibles 10 17 27 37 35

Other Assets 339 356 163 9 63

Deferred Charges - 53 3 - -

Tangible Other Assets 339 303 160 9 63

Total Assets 14,777 14,424 14,054 10,500 10,036

All values PHP Millions. 2019 2018 2017 2016 2015

Acco
ST Debt & Current Portion LT Debt 306 175 818 123 244 unts
Paya
Current Portion of Long ble
306 175 818 123 244 Grow
Term Debt
th
Accounts Payable 607 517 231 307 446
Curr
Income Tax Payable 12 17 20 47 4 ent
Ratio
Quic
Other Current Liabilities 520 481 397 411 334 k
Ratio
Cash
Dividends Payable 25 27 25 12 19
Ratio
Accrued Payroll 18 20 22 23 17
Miscellaneous Current
477 435 349 376 297
Liabilities
Total Current Liabilities 1,445 1,191 1,465 887 1,028
Long-Term Debt 4,183 4,038 3,871 1,042 1,162
Long-Term Debt excl.
4,171 4,023 3,863 1,034 1,151
Capitalized Leases
Non-Convertible
4,171 4,023 3,863 1,034 1,151
Debt
Capitalized Lease
12 15 7 8 11
Obligations
Provision for Risks & Charges 76 42 48 73 63
Total
Liabil
ities /
Deferred Taxes 182 203 204 208 105
Total
Asse
ts
Deferred Taxes - Credit 237 243 238 237 127
Deferred Taxes - Debit 55 41 35 30 22
Other Liabilities 109 107 119 31 -
Other Liabilities (excl.
106 104 116 31 -
Deferred Income)
Deferred Income 2 2 3 - -
Total Liabilities 6,049 5,621 5,742 2,270 2,380
Common Equity (Total) 8,631 8,705 8,221 8,139 7,573
Common Stock Par/Carry
4,952 4,952 4,952 4,952 4,952
Value
Additional Paid-In
1,119 1,119 1,119 1,119 1,119
Capital/Capital Surplus
Retained Earnings 4,612 4,611 4,303 4,107 3,234
Unrealized Gain/Loss
4 1 -16 121 419
Marketable Securities

Other Appropriated
-1,559 -1,480 -1,640 -2 2
Reserves

Unappropriated Reserves - - - -1,658 -1,653

Treasury Stock -498 -498 -498 -500 -500

Total Shareholders' Equity 8,631 8,705 8,221 8,139 7,573

Accumulated Minority Interest 97 97 91 92 83
Total Equity 8,727 8,802 8,312 8,230 7,656
Com
mon
Equit
Liabilities & Shareholders' Equity 14,777 14,424 14,054 10,500 10,036 y/ 58.41%
Total
Asse
ts

Total Shareholders' Equity /

58.41% 60.36% 58.49% 77.51% 75.46%
Total Assets
&
Short
Term
Inves -58.16% -42.00% 381.84% -17.25% -
tmen
ts
Grow
Cash
& ST
Inves
tmen
5.26% 12.88% 22.80% 6.33% 8.01%
ts /
Total
Asse
ts

Acco
unts
Rece
ivabl -3.01% 16.91% 44.08% 9.30% -
e
Grow
th
Acco
unts
Rece
ivabl 5.48 5.95 6.62 8.38 7.91
e
Turn
over

ts -
Total
2.45% 2.63% 33.84% 4.63% -
-
Grow
Asse
t
0.19 - - - -
Turn
over

Retur
n On
Aver
1.92% - - - -
age
Asse
ts
17.23% 124.07% -24.75% -31.26% -

1.56 2.83 2.67 1.25 1.19

1.45 2.71 2.59 1.2 1.15

0.54 1.56 2.19 0.75 0.78

40.94% 38.97% 40.86% 21.62% 23.72%

60.36% 58.49% 77.51% 75.46%

Fiscal year is April-March. All values
PHP Millions. 2019 2018 2017 2016 2015
Sales/Revenue 2,753 3,083 2,933 2,577 2,224

Cost of Goods Sold (COGS) incl. D&A 1,201 1,155 1,085 969 857

COGS excluding D&A 763 788 740 611 561

Depreciation & Amortization
437 368 344 358 296
Expense
Depreciation 427 356 334 353 292
Amortization of
10 12 10 5 4
Intangibles
Gross Income 1,552 1,927 1,848 1,608 1,367
SG&A Expense 1,065 974 854 879 805
Other SG&A 1,065 974 854 879 805

Other Operating Expense 43 48 40 25 44

EBIT 445 906 - 703 518

Unusual Expense 17 1 2 1 8

Non Operating Income/Expense 104 88 23 619 206

Non-Operating Interest Income 21 29 5 6 6

Equity in Affiliates (Pretax) 3 -222 -244 - -

Interest Expense 229 219 79 63 28

Gross Interest Expense 229 248 81 65 41
Interest Capitalized - 29 2 1 12
Pretax Income 327 581 658 1,264 694
Income Tax 43 78 99 227 68

Income Tax - Current Domestic 44 84 104 123 58

Income Tax - Deferred Domestic -1 -7 -5 103 10

Equity in Affiliates - - - 35 105

Consolidated Net Income 284 503 558 1,073 731

Minority Interest Expense 3 7 8 11 0

Net Income 281 496 550 1,061 732

Net Income After Extraordinaries 281 496 550 1,061 732

Net Income Available to Common 281 496 550 1,061 732

EPS (Basic) 0.03 0.05 0.06 0.11 0.08

Basic Shares Outstanding 9,404 9,404 9,404 9,402 9,402

EPS (Diluted) 0.03 0.05 0.06 0.11 0.08

Diluted Shares Outstanding 9,404 9,404 9,404 9,402 9,402

EBITDA 882 1,274 1,299 1,061 814
EBIT 445 906 - 703 518
Sales Growth -10.71% 5.10% 13.83% 15.86% -

COGS Growth 3.93% 6.52% 11.97% 13.04% -

Gross Income Growth -19.48% 4.27% 14.94% 17.63% -

Gross Profit Margin 56.38% - - - -

SGA Growth 9.36% 14.02% -2.89% 9.23% -

Interest Expense Growth 4.29% 176.88% 25.34% 123.86% -

Pretax Income Growth -43.67% -11.72% -47.98% 82.11% -

Pretax Margin 11.88% - - - -

Net Income Growth -43.35% -9.85% -48.16% 45.05% -

Net Margin 10.21% - - - -

EPS (Basic) Growth -43.58% -10.17% -47.79% 44.87% -

EPS (Diluted) Growth -43.35% -9.85% -48.17% 45.05% -

EBITDA Growth -30.76% -1.97% 22.41% 30.37% -

EBITDA Margin 32.04% - - - -