Sara Cheung Good day, everyone, and thank you for joining us this online briefing to discuss First Pacific 2024 Full Year Financial and Operating Results. The results presentation is available on First Pacific website, www.firstpacific.com under the Investor Relations section, Presentation page. This results briefing is being recorded, and the replay will be available on First Pacific's website this evening in the Investor Relations section. For participants from the media, please note the Q&A session is op ...

First Pacific Co Ltd (OTCPK:FPAFY) Q2 2024 Earnings Conference Call August 23, 2024 5:00 AM ET Company Participants Sara Cheung - Vice President, Group Corporate Communications John Ryan - Associate Director and Head of Investor Relations Manuel Pangilinan - Managing Director and Chief Executive Officer Stanley Yang - Associate Director and Head of Public Development Joseph Ng - Chief Financial Officer and Associate Director Conference Call Participants Jeffrey Kiang - CLSA Jash Punjabi - River Valley Asset ...

syahrir maulana/iStock via Getty Images First Pacific (OTCPK:FPAFY) (OTCPK:FPAFF) describes itself as a "Hong Kong-based investment holding company with investments located in Asia-Pacific with principal investments in consumer food products, telecommunications, infrastructure, and natural resources." Although the company is Hong Kong-based, its sources of revenue are located in the Philippines, Indonesia, and Singapore. The primary listing of the company is in Hong Kong under ticker 00142, with an average ...

Investor Presentation Full-Year Financial & Operational Results 2023 With Expanded Details of MPIC Units & PLDT's Fintech Unit Maya HKEx: 00142 ADR: FPAFY www.firstpacific.com Creating long-term value in Asia Copyright © First Pacific Company Limited 27 March 2024. All rights reserved. | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------ ...

First Pacific Co Ltd (OTCPK:FPAFY) Q4 2023 Earnings Conference Call March 27, 2024 5:00 AM ET Company Participants S. K. Cheung - Vice President, Group Corporate Communications John Ryan - Associate Director and Head of Investor Relations Joseph Ng - Chief Financial Officer and Associate Director Stanley Yang - Associate Director and Head of Public Development Manuel Pangilinan - Managing Director and Chief Executive Officer Richard Chan - Executive Vice President, Group Financial Controller Christopher You ...

Financial Data and Key Metrics Changes - The company achieved a recurring profit increase of nearly 20% to a record high, driven by record turnover and contributions from operations despite currency declines [5][6] - Recurring earnings per share rose to just under $0.12, and the full-year distribution increased by 16% to HKD 0.22 per share [6][12] - Net interest expense rose about 7% to just under $55 million due to higher interest rates [6][8] Business Line Data and Key Metrics Changes - Indofood reported record high net sales, EBITDA, and core profit, with EBIT margins holding steady despite commodity price fluctuations [11][12] - PLDT's service revenue increased by 6% to a record high, with EBITDA surpassing PHP 100 billion for the first time [16][17] - Metro Pacific Investments saw revenue growth led by the Toll Roads and Power businesses as the economy recovered from pandemic impacts [20][21][22] Market Data and Key Metrics Changes - The Indonesian rupee declined nearly 10% and the peso by almost 4%, yet the company managed to deliver strong financial results [5] - The demand for electricity in Singapore has risen, contributing to strong performance for PacificLight Power [29][30] Company Strategy and Development Direction - The company is focusing on expanding its investments in renewable energy and agriculture, including significant investments in solar and coconut processing facilities [39][42][46] - The strategy includes diversifying into less regulated sectors to mitigate risks associated with traditional utility businesses [57] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2023, expecting continued strong performance from PLP and growth in profitability driven by Meralco and Tollways [60][62] - The company anticipates a recovery in profitability for Global Business Power and a positive outlook for the generation business [61] Other Important Information - The company has set a net zero target for Scope 1 emissions by 2030 [10] - The forensic investigation into PLDT's CapEx overspending has concluded, identifying responsible parties without evidence of fraudulent activity [34][35] Q&A Session All Questions and Answers Question: How should we think about the business earnings capability going into the current year? - Management indicated that demand in the Singapore market continues to rise, and they expect strong results for PLP in the first half of the year [28][30] Question: Can you provide an update on CapEx overspending at PLDT? - The forensic investigation has been completed, identifying responsible parties and confirming no fraudulent transactions [34][35] Question: What kind of assets is the company looking to invest in the near and medium term? - The company is focusing on solar energy and agriculture, with significant investments planned in these sectors [39][42] Question: Will the company consider stock buybacks to address the discount at which Metro Pacific trades? - Management acknowledged the discount and indicated that share buybacks have been attempted but have not significantly moved the stock price [55][56]

First Pacific Company Limited (OTCPK:FPAFY) Q2 2022 Earnings Conference Call August 31, 2022 5:00 AM ET Company Participants Sara Cheung - Vice President of Corporate Communications John Ryan - Associate Director Joseph Ng - Chief Financial Officer & Associate Director Stanley Yang - In-Charge, Corporate Development Chris Young - Executive Director Richard Chan - Vice President of Finance Manuel Pangilinan - Managing Director & Chief Executive Officer Conference Call Participants Sara Cheung Okay, everyone, ...

Financial Data and Key Metrics Changes - The company reported a record high recurring profit of $426.5 million, representing a one-third improvement compared to the previous year [6] - The full-year dividend per share increased by 31% to $0.19, reflecting a consistent policy of 25% payout of recurring profit [7] - Gross debt remained stable year-over-year, with an improved interest coverage ratio of 3.8 times [8][9] Business Line Data and Key Metrics Changes - Indofood achieved record high net sales, up by more than 20%, driven by the consumer branded products division, including contributions from Pinehill [15] - PLDT's service revenues reached a record high, with Telco core profit increasing by 8% to over 30 billion pesos, primarily driven by the home business [19] - MPIC's toll roads business saw a significant increase in contribution as travel restrictions eased, while the water business faced challenges due to COVID-related restrictions [24] Market Data and Key Metrics Changes - Philex Mining's core profit doubled to a 10-year high, benefiting from strong copper prices [27] - Pacific Light Power (PLP) reported a tenfold increase in EBITDA to over SGD 100 million, indicating a strong turnaround in performance [25] Company Strategy and Development Direction - The company is focusing on capital management, including a share repurchase program and maintaining a consistent dividend payout policy [7][10] - Future investments are expected to be directed towards renewable energy and FinTech, aligning with industry trends [26] - The company anticipates continued improvement in the performance of its main operating companies, driven by strong cash flows and a solid balance sheet [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2022, expecting better performance compared to 2021 based on early indicators [65] - The company is confident in the growth potential of its core holdings, particularly Indofood, PLDT, and MPIC, as they adapt to changing market conditions [29] Other Important Information - The company plans to publish its 2021 ESG report in late April to mid-May, highlighting its commitment to sustainability [12] - The company is exploring opportunities for solar energy imports from Indonesia, which could enhance its renewable energy portfolio [43][45] Q&A Session Summary Question: Will there be a change in capital deployment strategy? - Management indicated that capital allocation will primarily focus on shareholder returns, including dividends and share buybacks, with potential for debt reduction and acquisitions depending on cash flow from operating units [32][35] Question: How is Indofood managing raw material costs? - Indofood does not hedge on futures markets for soft commodities but has raised wheat flour prices by about 8% in response to higher costs, which generally boosts profitability [41] Question: What is the status of the solar import project? - A pilot project for importing solar energy from Indonesia has been granted a conditional license, with potential for scaling beyond 100 megawatts depending on future bids [43][45] Question: What is the pace of share buybacks going forward? - The share buyback program is set at $100 million over three years, with approximately $28 million already spent, suggesting an average of $30 million per year [63]

First Pacific Company Limited (OTCPK:FPAFY) Q2 2021 Results Earnings Conference Call August 25, 2021 5:00 AM ET Company Participants Sara Cheung - Vice President, Group Corporate Communications John Ryan - Associate Director Joseph Ng - Associate Director Manuel Pangilinan - Managing Director, Chief Executive Officer Stanley Yang - Executive Vice President, Group Corporate Development Conference Call Participants Sara Cheung Good afternoon everyone. Thank you for joining this online briefing to discuss the ...

Investor Presentation First Half 2021Results HKEx: 00142 ADR: FPAFY www.firstpacific.com Creating long-term value in Asia Copyright © First Pacific Company Limited 25 August 2021. All rights reserved. | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...