Copyright © First Pacific Company Limited 15 December 2022. All rights reserved.

Change in Recurring Profit (USD mln)

300

280

9.8

2.9

1.8

1.1

0.5

1.5

263.3

260

36.2

240

220

209.5

200

180

160

140

120

100

200

1H22 Head Office Cash Flow (USD mln)

66.3

180

20.9

160

138.6

140

(22.9)

120

113.0

(23.3)

(7.4)

(5.6)

(2.4)

100

80

60

40

20

0

3

Outstanding Bonds

Principal

Coupon

Price

Term

Maturity

US$357.8 mln

4½%

98.895

10-Year

16 April 2023

US$350.0 mln

4⅜%

94.668

7-Year

11 Sept 2027

Mid-market data as at 1 December 2022.

500

Head Office Borrowings at End-June 2022 (USD mln)

400.0

400

357.8*

350.0

300

260.0

200

100.0

100

0.0

0

2022

2023

2024

2025

2026

2027

2028

2029

Bank Loans

Bonds

4 *To be refinanced by committed long-term bank facilities agreed in August 2022.

Roxas Holdings

$12 mln (0.3%)

Philex

Diversified Investments, Strong Returns

  • Balanced weighting of mature and growth investments
  • Balanced weighting of different sectors
  • 18 years of growth: Gross Asset Value grew at a compound annual growth rate of 9% from end-2003 to end-2021
  • CAGR of 17% in dividend income to First Pacific from 2003 to 2021
  • First Pacific dividend policy of at least 25% of recurring profit since 2010
  • $100 million three-year share repurchase program launched in March 2021

Group1 $244 mln (6%)

PLDT2

Indofood

$1.44 bln

$1.74 bln

34% of GAV

42% of GAV

MPIC

$751 mln

18% of GAV

5

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First Pacific Company Limited published this content on 19 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2022 02:22:01 UTC.