SM INVESTMENTS CORPORATION Investor Presentation
March 2024
Table of Contents
03 | We are SM | 51 | Annex |
11 | Recent Developments | 52 | SMIC 10-Year Performance |
18 | Our Businesses | 53 | Financials |
19 | Retail | 61 | Our 2022 Integrated Report |
24 | Property | 62 | Contact Information |
33 | Banking | ||
35 | Portfolio Investments | ||
44 | Philippine Macroeconomics |
We are SM
Our Vision
To build an ecosystem of sustainable businesses that are catalysts for responsible development in the communities we serve.
Our Mission
We will provide a consistently high standard of service to our customers, look after the welfare of our employees and deliver sustainable returns to our shareholders, at all times upholding the highest standards of corporate governance and environmental stewardship in all our businesses.
What We Stand For
Entrepreneurship | Drive and | Teamwork |
Enthusiasm | ||
Integrity Leadership
3
About SMINVESTMENTS
SM Investments is a leading Philippine conglomerate that is invested in market leading businesses in retail, banking and property. It also invests in ventures that can capture high growth opportunities in the emerging Philippine economy
Strong Proxy for Philippine Recovery and Long-Term Growth
- Market leading consumer-centric businesses
- Strong brand franchise
- Extensive group synergies
Business Enabler
- Partner of choice
- Access to capital and SM's extensive network of businesses, customers, tenants and suppliers
- Strong management commitment to partner success
Culture of Sustainability
- Creates shared value for all our stakeholders with focus on material UN SDGs
- Catalyst for responsible development in the communities we serve
- Environmental responsibility and disaster resilience
- Strong governance and prudent financial management
4
Our OurLeadershipLeadership Team Team
Amando | Teresita T. Sy | Henry T. Sy, Jr. |
Tetangco Jr. | ||
Vice Chairperson | Vice Chairman | |
Chairman | ||
Harley T. Sy | Ramon M. Lopez | Tomasa H. |
Lipana | ||
Director | Independent | Lead Independent |
Director | Director |
Frederic C. DyBuncio
President/CEO
Robert G.
Vergara
Independent
Director
We are a purpose driven company with the fundamental belief that business growth and social development go together. To make this happen, we have established strong governance principles that ensure fairness and transparency in our dealings with third parties and protect the rights of our minority partners
55
Our Businesses
RetailProperty
Portfolio Investments
77.3% | 49.7% |
SMRETAIL | SMPRIME |
Banking
45.3% | 22.5% |
BDO | China Bank |
26.6% Belle Corp
34.0%
Neo Associates
67.2% 2GO Group
71.3% MyTown
100.0% Philippine Geothermal
34.1% Atlas Mining
95.0%
Neo Subsidiaries
51.0% Airspeed
64.1% Goldilocks
6
Leading Philippine Conglomerate
Our three largest companies - SMIC, SM Prime and BDO - comprise ~30% of the value of the Philippine Index
Philippine Conglos
Market Cap ($ bn)
SMIC | 20.2 |
Golden MV Holdings | 10.2 |
Ayala Corp | 7.3 |
JG Summit | 5.1 |
Aboitiz Equity | 4.8 |
SMC | 4.8 |
DMCI | 2.5 |
GT Capital | 2.4 |
LT Group | 1.8 |
Source: Bloomberg; | |
As of February 29, 2024 |
Philippine Retailers
Total Sales ($ mn)
SM Retail | 7.4 |
RRHI | 3.4 |
Puregold* 2.7
*Data as of 9M 2023
Philippine Retailers
Store Count
SM Retail | 3,853 |
RRHI* | 4,520 |
Puregold | 558 |
Source: As of latest available company data *Including TGP
Philippine Banks | Property Developers | ||
Total Assets ($ bn) | Market Cap ($ bn) | ||
BDO | 75.7 | SM Prime | 17.5 |
LBP | 56.4 | Ayala Land | 9.0 |
MBT | 55.6 | Robinsons Land | 1.4 |
BPI | 48.7 | Megaworld | 1.1 |
CHIB | 28.9 | Vistaland | 0.4 |
RCBC | 22.6 | Double Dragon | 0.3 |
PNB | 21.7 | Filinvest | 0.3 |
UBP | 20.4 | Source: Bloomberg; | |
DBP | 17.6 | As of February 29, 2024 | |
SECB | 16.6 | ||
Source: Consolidated statements | |||
of condition (SOC), Sept 2023 |
7
Our Business Footprint
Philippines
3,686 retail outlets
85* malls
2,368 bank branches
Luzon (ex-NCR) | Metro Manila (NCR) |
2,420 retail outlets | 989 retail outlets |
47* malls | 24 malls |
828 bank branches | 967 bank branches |
Visayas | Mindanao |
273 retail outlets | 171 retail outlets |
7 malls | 7 malls |
295 bank branches | 278 bank branches |
GDPPopulation
DistributionDistribution
2022 Regional GDP Growth
NCR 7.18%
Luzon 7.88%
Visayas 8.04%
Mindanao 7.23%
Philippines 7.57%
Data as of FY 2023 | 8 |
How We Create Shared Value
Our Valued Resources
Our ability to operate is based on our access to several capitals that provide our financial, non-financial and critical relationship assets.
OurBrand
Our Connection to Our Customers
Our Empowered the People
Our Integrated Developments
Our Relationship with Our Communities
Our Inclusive Supply Chain Network
Our Natural Resources
Our Financial Resources
What We Do
These enable our businesses to work together as an ecosystem of related activities to achieve their collective goals. This makes us quite unique
How we Operate
As a retail centered group, our customer focus is key to our
operations. In a high growth market, it's also important we
remain focused on our expansion to serve more Filipinos. As a long-term thinking group, financial prudence and good governance are also essential for us to stay the course
Our Impact
And we think we are having a rea impact on our important stakeholders in the following areas
We Create Socio-Economic Opportunities | We Create Positive Community Impact | ||
140,029 | 68% | 11,750 | 317 Health Centers |
Jobs Created | Mall Tenants that | Scholars to date | and Medical Facilities |
are MSMEs | built and renovated to | ||
date | |||
PHP62.72bn | Diversity | 1.24mm Patients | 10.5mm + vaccine |
Loans Released | 62% Women | served in 1,874 | doses administered in |
to MSMEs | Medical Missions | SM Malls | |
We Facilitate Responsible | We advocate for National Growth and | ||
Urbanization and Development | Partnership | ||
3 Marine | 42.5mn m3 | 10% CapEx for | 84 SMDC |
Protected Areas | Total Water | Disaster Resiliency & | Residential Units |
Recycled | Sustainability | ||
58 Renewable | at least 50% of | 18 | 22 |
Projects Funded | SMPH Energy use | Office Buildings | Total Integrated |
with 2,252 MW | from Renewable | Lifestyle Cities | |
Capacity | sources | Nationwide | |
We Promote Natural Habitats | We Generate Sustained Returns | ||
and Environmental Stewardship | |||
PHP22.7bn | PHP56.7bn | PHP61.7bn | PHP7.5bn |
Payment to the | BDO financing for | Net Income | Total dividends |
government | national projects | paid in 2022 | |
WWF x SM | UN WEPs signatory | Awarded Industry | 6 |
Climate Summit | Top Rated, | SM companies | |
for Climate | Regional Top | awarded by | |
Alliance | over 2.6mm seedlings | Rated by | ASEAN CG Awards |
and trees planted and | Sustainalytics |
maintained |
External Recognitions
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Disclaimer
SM Investments Corporation published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 07:16:06 UTC.
