results of operations - Aboitiz

More documents

Recommendations

Info

FINANCIAL HIGHLIGHTS 06 05 04 Revenues (IN MILLION PESOS) 06 05 04 EBITDA (IN MILLION PESOS) 06 05 5,860 04 2,452 Net Income to Common (IN MILLION PESOS) 06 05 04 Earnings per share (IN PESOS) 06 05 04 497 6,527 3,159 0.51 597 Cash Dividend to Common (IN MILLION PESOS) 22,411 6,995 3,754 0.65 736 26,711 26,923 0.76 04 15,909 Market Capitalization (IN MILLION PESOS) 04 36,593 Total Assets (IN MILLION PESOS) 23,792 04 17,211 Stockholders' Equity (IN MILLION PESOS) 06 05 04 AEV Stock Price High Low Close January 2006 to April 2007 9.90 4.75 9.10 Outstanding Shares as of April 30, 2007 5,694,599,621 06 05 06 05 06 05 38,276 4,623 4,568 Cash & Cash Equivalents (IN MILLION PESOS) 20,161 23,078 40,844 8,010 34,665 FINANCIAL SUMMARY For the Year (in million pesos) 2004 As restated * 2005 2006 % change 06 vs ‘05 REVENUES 22,411 26,923 26,711 -0.8% OPERATING PROFIT Operating profit from ordinary activities 1,811 2,142 2,328 8.7% Equity in Net Earnings of Associates 1,532 2,155 2,115 -1.9% Interest Expense - net (1,018) (1,012) (877) -13.3% Other Income 821 401 743 85.4% Income before income tax 3,146 3,686 4,308 16.9% Provision for income tax (531) (469) (494) 5.4% Income before minority interest 2,615 3,217 3,814 18.5% Minority interest (162) (58) (60) Net Income to Common 2,452 3,159 3,754 18.8% At Year End (in million pesos) Total Assets 36,593 38,276 40,844 6.7% Total Liabilities ** 18,223 16,936 16,561 -2.2% Minority Interest 1,158 1,178 1,205 2.3% Equity Attributable to Equity Holders of the Parent ** 17,211 20,161 23,078 14.5% EBITDA 5,860 6,527 6,995 7.2% Per Share (in pesos) Earnings 0.51 0.65 0.76 16.9% Book Value 3.57 4.11 4.66 13.4% Cash Dividends (Common) 0.10 0.12 0.15 25.0% Financial Ratios Current Ratio 1.31 1.29 2.07 60.3% Debt-to-Equity Ratio 1.06 0.84 0.72 -14.6% Net Debt-to-Equity Ratio 0.55 0.37 0.17 -55.8% * Figures were restated as a result of the full adoption of Philippine Financial Reporting Standards (PFRS) and of the reorganization of the Transport Group. ** 2004 figures were adjusted to treat redeemable preferred shares as debt, to be comparative with 2005 and 2006 figures. 2 ABOITIZ EQUITY VENTURES ANNUAL REPORT 2006
REPORT TO OUR STOCKHOLDERS FROM YOUR CHAIRMAN Growth POWERED FOR Dear Shareholders and Friends, We are pleased with what your company accomplished in 2006, reaching record levels in sales and profits. It was an interesting and exciting year as we formed strategic business partnerships and acquired major investments that have well positioned your company for future growth. We now find ourselves on the throes of further expansion and our businesses are certainly powered for growth. Not only are we preparing our operating systems for future growth, we are also focusing on talent management programs across our organization. We continue to be relentless in honing the talents of our team members, training them to handle the challenges of growth. The development and empowerment of our human resources are most crucial to your company’s future success. We are fortunate to have driven, energetic, results-oriented people who seek innovative yet practical solutions to their day-to-day work. Our teams are passionate about succeeding, constantly raising the bar, pursuing excellence in everything that they do. They know the importance of keeping stakeholders satisfied and happy. They demonstrate personal discipline, living out our time-honored corporate values of trust, fairness and integrity. Furthermore, our branding initiatives have renewed our teams’ passion to be driven…driven to lead, driven to excel, driven to serve. As we confront our future with optimism, we remain committed to our strategy to focus on our core investments, our people, our customers and our systems. We will continue to be low-cost producers, maintain a balanced investment portfolio, and aim to become world-class. We reconfirm our belief that the surest way to sustained and profitable growth is to stick to what we do best and rely on our proven competencies to fuel our growth. We thank you, our shareholders, for your continued support and confidence over the years. We too are grateful to our business partners for their trust and cooperation. And of course to all the team members that make up Aboitiz Equity Ventures (AEV), we thank you for your untiring efforts and valuable contributions to the company. Let us continue to work together to pursue our growth goals for the benefit of all stakeholders. Roberto E. Aboitiz CHAIRMAN OF THE BOARD As we confront our future with optimism, we remain committed to our strategy to focus on our core investments, our people, our customers and our systems. We will continue to be low-cost producers, maintain a balanced investment portfolio, and aim to become world-class. ABOITIZ EQUITY VENTURES ANNUAL REPORT 2006 3
Page 2 and 3: CONTENTS Financial Highlights 2 Rep
Page 6 and 7: REPORT TO OUR STOCKHOLDERS FROM YOU
Page 8 and 9: We intend to list Aboitiz Power Cor
Page 10 and 11: Market Capitalization (in billion p
Page 12 and 13: RESULTS OF OPERATIONS FROM YOUR CHI
Page 14 and 15: RESULTS OF OPERATIONS VECO extended
Page 16 and 17: RESULTS OF OPERATIONS Subic EnerZon
Page 18 and 19: RESULTS OF OPERATIONS Hedcor, Inc.
Page 20 and 21: RESULTS OF OPERATIONS Luzon Hydro a
Page 22 and 23: RESULTS OF OPERATIONS UnionBank’s
Page 24 and 25: RESULTS OF OPERATIONS City Savings
Page 26 and 27: RESULTS OF OPERATIONS ATS has conve
Page 28 and 29: RESULTS OF OPERATIONS The increase
Page 30 and 31: REPORT TO OUR STOCKHOLDERS FROM YOU
Page 32 and 33: REPORT TO OUR STOCKHOLDERS Growth P
Page 34 and 35: SN ABOITIZ POWER, INC. With four ge
Page 36 and 37: HEDCOR, INC. A Hedcor engineer uses
Page 38 and 39: DAVAO LIGHT AND POWER COMPANY Davao
Page 40 and 41: VISAYAN ELECTRIC COMPANY VECO linem
Page 42 and 43: UNIONBANK OF THE PHILIPPINES UnionB
Page 44 and 45: CITY SAVINGS BANK Moving forward, C
Page 46 and 47: PILMICO FOODS CORPORATION Living up
Page 48 and 49: ABOITIZ TRANSPORT SYSTEM The entry
Page 50 and 51: ABOITIZ GROUP FOUNDATION, INC. In 2
Page 52 and 53: CHRISTMAS OUTREACH PROJECT Expressi
Page 54 and 55:
ABOITIZ FUTURE LEADERS’ BUSINESS
Page 56 and 57:
ABOITIZ EQUITY VENTURES LOCATION OF
Page 58 and 59:
CORPORATE OFFICERS Stephen G. Parad
Page 60 and 61:
Independent Auditors’ Report The
Page 62 and 63:
ABOITIZ EQUITY VENTURES, INC. AND S
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106:
Investor Information Head Office: A
show all

results of operations - Aboitiz

Create successful ePaper yourself

Delete template?

Save as template?