COVER SHEET
SEC Registration Number
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Company Name
S M I N V E S T M E N T S C O R P O R A T I O N A N D
S U B S I D I A R I E S
Principal Office (No./Street/Barangay/City/Town/Province)
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H | a | r | b | o | r | D | r | i | v | e | , | M | a | l | l | o | f | A | s | i | a | C | o | m | ||||||
p | l | e | x | , | C | B | P | - | 1 | A | , | P | a | s | a | y | C | i | t | y | 1 | 3 | 0 | 0 | ||||||
Form Type | Department requiring the report | Secondary License Type, If | ||||||||||||||||||||||||||||
Applicable | ||||||||||||||||||||||||||||||
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COMPANY INFORMATION
Company's Email Address
-
No. of Stockholders
1,254 (as of March 31, 2022)
Company's Telephone Number/s
8857-0100
Annual Meeting
Month/Day
04/27
Mobile Number
-
Fiscal Year
Month/Day
12/31
CONTACT PERSON INFORMATION
The designated contact person MUSTbe an Officer of the Corporation
Name of Contact Person | Email Address | Telephone Number/s | Mobile Number |
Mr. Frederic C. DyBuncio
-
8857-0100
-
Contact Person's Address
10th Floor, One E-Com Center, Harbor Drive, Mall of Asia Complex, CBP-1A, Pasay City 1300
Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.
SEC Number | 16342 |
SM INVESTMENTS CORPORATION
(Company's Full Name)
10th Floor,
One E-Com Center, Harbor Drive,
Mall of Asia Complex, CBP-1A
Pasay City, 1300
(Company's Address)
8857-0100
(Telephone Number)
December 31
(Year Ending) (month & day)
SEC Form 17-A
Annual Report
Form Type
Amendment Designation (If applicable)
December 31, 2021
Period Ended Date
(Secondary License Type and File
Number)
SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-A, AS AMENDED
ANNUAL REPORT PURSUANT TO SECTION 17
OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES
1. For the fiscal year ended December 31, 2021
2. SEC Identification Number 00000163423. BIR Tax Identification No. 169-020-000
4. Exact name of registrant as specified in its charter SM INVESTMENTS CORPORATION
5. | PHILIPPINES | 6. | (SEC Use Only) | ||||
Province, Country or other jurisdiction of | Industry Classification Code: | ||||||
incorporation or organization |
7. 10th Floor, One E-ComCenter, Harbor Drive, Mall of Asia
Complex, CBP-1A, Pasay City | 1300 |
Address of principal office | Postal Code |
- (632) 8857-0100 /fax (632) 8857-0132Registrant's telephone number, including area code
- ________________________________________________________________
Former name, former address, and former fiscal year, if changed since last report. - Securities registered pursuant to Sections 4 and 8 of the RSA
Title of Each Class | Number of Shares of Common Stock |
Outstanding and Amount of Debt Outstanding | |
COMMON SHARES, | 1,204,582,867 |
P 10 PAR VALUE |
11. Are any or all of these securities listed on a Stock Exchange. Yes [X] No [ ]
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange, 1,204,582,867, P10 par value, common shares
12. Check whether the registrant:
- has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding 12 months (or for such shorter period that the registrant was required to file such reports);
Yes [X] No [ ]
(b) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
13. Aggregate market value of the voting stock held by non-affiliates:P547,784,197,175.00 as of December 31, 2021
TABLE OF CONTENTS | ||
Page | ||
No. | ||
PART I - BUSINESS AND GENERAL INFORMATION | ||
Item 1. | Business | 1 |
Item 2. | Properties | 6 |
Item 3. | Legal Proceedings | 7 |
Item 4. | Submission of Matters to a Vote of Security Holders | 7 |
PART II - OPERATIONAL AND FINANCIAL INFORMATION | ||
Item 5. | Market for Registrant's Common Equity and | 8 |
Item 6. | Related Stockholder Matters | |
Management's Discussion and Analysis or | 10 | |
Item 7. | Plan of Operation | |
Financial Statements | 34 | |
Item 8. | Changes in and Disagreements with Accountants | 34 |
and Financial Disclosure | ||
PART III - CONTROL AND COMPENSATION INFORMATION | ||
Item 9. | Directors and Executive Officers of the Registrant | 36 |
Item 10. | Executive Compensation | 45 |
Item 11. | Security Ownership of Certain Beneficial Owners | 48 |
Item 12. | and Management | |
Certain Relationships and Related Transactions | 50 | |
PART IV - CORPORATE GOVERNANCE | ||
Item 13. | Corporate Governance | 51 |
PART V - EXHIBITS AND SCHEDULES | ||
Item 14. | a. Exhibits | 53 |
b. Reports on SEC Form 17-C (Current Report) | 53 | |
c. Sustainability Report | 53 | |
INDEX TO EXHIBITS | 54 | |
INDEX TO FINANCIAL STATEMENTS AND | 54 | |
SUPPLEMENTARY SCHEDULES |
SIGNATURES
PART I - BUSINESS AND GENERAL INFORMATION
ITEM 1. Business
SM Investments Corporation ("SMIC") is the holding company of the SM Group with interests in Retail, Property and Banking. Its Retail arm, SM Retail Inc., operates department stores under the SM Store brand, and several food retail formats including Supermarkets, Hypermarkets, Savemore and Alfamart Stores. It also operates specialty stores focused on DIY, furniture, appliances and toys among others. Its Property arm, SM Prime Holdings Inc., is engaged in building and operating shopping malls both in the Philippines and China. It is also engaged in Residential property development under its SM Development Corporation subsidiary, commercial property development, as well as various hotels and convention centers. The Banking Group is comprised of BDO Unibank, Inc., the country's largest bank by resources, and China Banking Corporation. SMIC also has Equity Investments in other sectors such as premium commercial buildings, leisure, logistics, food manufacturing and mining.
The Group takes an integrated approach to creating shared value for all its stakeholders and to applying global Environmental, Social and Governance (ESG) best practices across its businesses. The SM Group seeks alignment of its sustainability programs to the 17 United Nations Sustainable Development Goals, and is a signatory of the UN Global Compact's 10 Principles. It publishes its report following the International Integrated Reporting Framework, in reference to GRI Standards and the Task Force for Climate Related Disclosures.
Business of Issuer
SM Retail currently has 68 department stores located in Mero Manila and key provincial cities. Of these, 65 stores are based inside SM malls and 3 stores in Makati, Cubao, and Quiapo are stand-alone stores.
Non-Food Retail
In 2021, 2 new stores were opened in Caloocan and Camarines Norte. These new stores contributed an additional 19,640 sqm, bringing the gross selling area (GSA) of The SM Store to 837,335 sqm.
Food Retail
SM Supermarket is a large format anchor tenant in SM malls. It has been in operation since 1985 and currently has 61 stores nationwide totaling to 371,268 sqm of GSA with each store carrying 30,000 to 35,000 SKUs. In 2021, it opened two stores in Caloocan and Camarines Norte.
SM Hypermarket is a large format food retailer store with both stand-alone and in-mall locations. It has been in operation since 2001 and provides a shopping experience that combines the features of a supermarket with those of a department store. There are currently 52 stores in operation totaling 334,037 sqm of GSA with each store carrying over 35,000 SKUs.
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SM Investments Corporation published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 04:40:08 UTC.