7/21/14
AGI EMP MEG RWM
Open 28.00 11.58 4.62 8.62
High 28.00 11.58 4.65 8.69
Low 27.50 11.52 4.58 8.55
Last Trade 27.55 11.52 4.62 8.56
%
Change

1.61%

0.52%

0.43%

0.47%

$US 1.00 = Php 43.450

July 22, 2014


Download 2012 Annual Report

About Us

Message from the ChairmanHistoryVision and MissionBoard of DirectorsOther OfficersArticles of Incorporation and By-Laws

 

The Spirit of Excellence.


The year 2012 was a favorable one not only for your Company but for the Philippines as a whole. The year saw the Philippine’s GDP growing by 6.6%, on the back of the active trade, services, real estate, and construction sectors, even exceeding expectations of economists and market analysts.


Contributing to the country’s sterling economic growth, AGI continues to improve on past record performances. Our major business segments—real estate through Megaworld Corporation (Megaworld) and Global- Estate Resorts, Inc. (GERI); food and beverage through Emperador Distillers, Inc. (EDI); quick-service restaurants through Golden Arches Development Corporation (GADC), which holds the local franchise for McDonald’s fast-food restaurants; and tourism-entertainment and gaming through Travellers International Hotel Group, Inc. (Travellers International)—all turned in exceptional figures for the year.


Our total revenues grew by a record 63.1% to P102.72 billion in 2012 from P62.97 billion the previous year, primarily due to revenues contributed by Resorts World Manila which amounted to P32.5 billion. Also contributing substantially to our revenue growth are the 17% growth in the sale of goods such as consumer products and real estate and the 220% increase in the rendering of services due to revenues added from Travellers.


With the consolidation of Travellers in 2012, AGI’s tourism- entertainment and gaming business became the biggest contributor to total revenues for the year, putting in 31.6%. The real estate business, through Megaworld, was the second highest contributor with 26.8%. This was followed by EDI’s food and beverage business with 23%, and GADC’s quick-service restaurant business with 13.6%.


Our net income increased by 76% to P20.5 billion in 2012 from P11.6 billion the previous year, before the P3.1 billion non-recurring income from the acquisition of a subsidiary. The portion attributable to owners of the parent company grew by 64% to P13.9 billion from P8.5 billion in 2011, propelled by the strong results from our real estate, tourism-entertainment and gaming, and food and beverage segments.


As the biggest contributor to our bottom line in 2012, Travellers turned in an impressive performance for the year. Travellers’ flagship project, Resorts World Manila, registered an average foot traffic of 17,200 per day and a total of 6.3 million visits by the year end, a 4% increase from 2011 figures. The increase in foot traffic was due to a series of new promotional events and services and the production of the award-winning musical The King and I. Moreover, Resorts World Manila’s membership reached 1.7 million by end-2012.


On the other hand, Megaworld continued to lead the real estate industry as it sold more than 12,000 residential units worth roughly P63.5 billion in 2012, maintaining its distinction as the biggest residential developer in the country. The company launched 11 new projects for the year while continuing its work on existing ones. Prior to the consolidation of Travellers, Megaworld had consistently been our best achiever and our biggest revenue contributor. Megaworld’s share in the achievement of our financial objectives for 2012, however, remains substantial.


EDI remained a strong player in the local distilled spirits industry as Emperador Brandy and The BaR flavored alcoholic drinks continued to benefit from continuously growing customer patronage. The demand for Emperador Light also remained very strong. In 2012 alone, Emperador sold 31 million cases, making it the 2nd largest consumed brand spirit globally and the world’s largest-selling brandy.


EDI expanded its production capacity and technical capabilities through the acquisition of the Sta. Rosa plant of Diageo Philippines Inc. that increased the total bottling capacity of the company by about 20%. This acquisition helps boost the company’s competitiveness in promoting Emperador as a strong global brand.


In turn, GADC continued its strong showing in the quick-service restaurant business as its revenues substantially grew. As in previous years, the company owed its revenue growth to the opening of new McDonald’s company-owned and franchised restaurants.


GERI, our newest subsidiary, is now deep into the development of two major projects—Boracay Newcoast and Twin Lakes. We have allotted a total of P20 billion for these two flagship projects which will feature integrated master-planned layouts that include world-class resorts and first-rate facilities and amenities. Moreover, through GERI, we will be developing over 1,300 hectares of prime land in Boracay, Tagaytay and Nasugbu, Batangas into world-class tourism estates.


Taking into account everything that happened in 2012, I am happy and proud to say that your Company outdid itself again, and in grand fashion. Our efforts in building strong brands that will weather any kind of economic storm or take advantage of beneficial socio-economic climates paid off quite well.


In the face of unpredictable global economic conditions, we remain upbeat on our prospects for continued growth and increased profitability. Allow me to assure you that we will not rest on our laurels but will continually aspire to outdo ourselves every single year. We are committed to do even better than before, and to reach greater levels of achievement in the spirit of excellence.



Andrew L. Tan
Chairman and Chief Executive Officer
Alliance Global Group, Inc. and Megaworld Corporation

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