Key Financial Information
| (Amounts in thousands pesos, except earnings per share) |
2016 | 2017 | 2018 | Var % 2018 2017 |
|
|---|---|---|---|---|---|
| Sales | 95,187,635 | 93,592,613 | 96,639,833 | 3.3% | |
| Gross Profit | 28,470,025 | 28,981,097 | 28,618,545 | -1.3% | |
| Operating Income | 13,725,876 | 12,941,490 | 10,559,251 | -18.4% | |
| EBITDA | 14,578,076 | 13,871,725 | 13,022,922 | -6.1% | |
| Controlling Participation in Net Income | 9,524,896 | 10,033,633 | 9,008,302 | -10.2% | |
| Earnings per share (EPS)* | 4.20 | 4.42 | 3.95 |
-10.8% | |
Margins |
|||||
| Gross | 29.9% | 31.0% | 29.6% | -1.4 | pp |
| Operating | 14.4% | 13.8% | 10.9% | -2.9 | pp |
| EBITDA | 15.3% | 14.8% | 13.5% | -1.3 | pp |
| Net | 10.0% | 10.7% | 9.3% | -1.4 | pp |
Revenues |
|||||
| Retail | 47,593,847 | 49,768,427 | 51,755,422 | 4.0% | |
| Industrial | 29,048,773 | 28,782,821 | 30,929,859 | 7.5% | |
| Infraestructure and Construction | 19,143,008 | 17,273,500 | 15,504,207 | -10.2% | |
| Energy | 0 | 62,443 | 72,354 | 15.9% | |
EBITDA** |
|||||
| Retail | 6,465,469 | 6,332,165 | 5,971,009 | -5.7% | |
| Industrial | 5,127,274 | 4,849,287 | 4,268,492 | -12.0% | |
| Infraestructure and Construction | 2,948,7 | 2,696,770 | 2,189,702 | -18.8% | |
| Energy | -80,351 | -15,800 | -37,396 | 136.7% | |
EBITDA Margins |
|||||
| Retail | 13.6% | 12.7% | 11.5% | -1.2 | pp |
| Industrial | 17.7% | 16.8% | 13.8% | -3.0 | pp |
| Infraestructure and Construction | 15.4% | 15.6% | 14.1% | -1.5 | pp |
| Energy | NA | -25.3% | -51.7% | -26.4 | pp |
Total Assets |
109,556,349 |
118,847,930 |
137,889,196 |
16.0% |
|
| Total Liabilities | 37,976,185 | 37,916,273 | 44,711,563 | 17.9% | |
| Stockholders’ Equity | 71,580,164 | 80,931,657 | 93,177,633 | 15.1% | |
| Compounded Average Outstanding Shares (‘000) | 2,268,787 | 2,267,779 | 2,281,595 | 0.6% |
* EPS: Calculated as Controlling Participation in Net Income divided by the compounded average shares outstanding. Amount in pesos.
** EBITDA: Income before income taxes plus depreciation and amortization, interest expense, impairment of machinery and equipment and exploration expenses, and effect on valuation of derivative financial instruments, less interest income, net foreign exchange gain, surplus from appraisals of shopping centers and equity in earnings of associated companies and joint ventures. See conciliation in Note 30 of the Financial Statements.
pp: Variation in percentage points.
*Note: For the calculation of the EBITA 2016, the amounts of deterioration of machinery and equipment and exploration expenses, surplus by appraisals of shopping centers and revaluation of commercial brands were not included. For the calculation of the EBITDA 2017, the profit on disposal and acquisition of shares of associates was not included, for the EBITDA 2018, in addition to these items, the participation in the results of joint ventures was not included. See reconciliation of EBITDA in Note 30 of the Financial Statements.
Sanborns at the Averanda
Shopping Center
| 2018 SALESBREAKDOWN BY SUBSIDIARY | |||
|---|---|---|---|
| (million pesos) | |||
| Commercial and Consumption | 51,755 | 53.6% | • |
| Industrial and Manufacturing | 30,930 | 32.0% | • |
| Infrastructure and Construction | 15,504 | 16.0% | • |
| Energy | 72 | 0.1% | • |
| Other | -1,622 | -1.7% | • |
| Total | 96,640 | 100.0% | |
| 2018 OPERATING INCOME BREAKDOWN BY SUBSIDIARY |
|||
|---|---|---|---|
| (million pesos) | |||
| Commercial and Consumption | 4,796 | 45.4% | • |
| Industrial and Manufacturing | 4,015 | 38.0% | • |
| Infrastructura and Construction | 1,650 | 15.6% | • |
| Energy | -507 | -4.8% | • |
| Other | 606 | 5.7% | • |
| Total | 10,559 | 100.0% | |