Annual Stockholders Meeting May 12, President s Report 2013 Results of Operations

Size: px
Start display at page:

Download "Annual Stockholders Meeting May 12, President s Report 2013 Results of Operations"

Transcription

1 Annual Stockholders Meeting May 12, 2014 President s Report 2013 Results of Operations 1

2 2013 GDP Growth Philippines +7.2% Thailand +2.9% Malaysia +4.7% Singapore +4.1% Indonesia +5.8% Source: Bangko Sentral ng Pilipinas, Bloomberg

3 Resilient Philippine Economy GDP Composition 10.20% Consumer Spending 20.40% 69.40% Investments Government Spending Source: Bangko Sentral ng Pilipinas

4 11.0 Resilient Philippine Economy +15.0% % 13.6 In USD Billion BPO Revenues: USD 16 billion Manufacturing Sector: +10.5% growth In PHP Billion 1,324 1,395 1, Source: Bangko Sentral ng Pilipinas, IBPAP

5 Resilient Philippine Economy Strong Economic Indicators

6 Resilient Philippine Economy 2013 OFW Remittances: USD 23.0 billion +7.4% In USD Billion Source: Bangko Sentral ng Pilipinas

7 Resilient Philippine Economy Average exchange rate: Php USD/PHP Source: Bangko Sentral ng Pilipinas

8 Resilient Philippine Economy Average annual inflation: 3.0% 4.6% 3.2% 3.0% Source: Bangko Sentral ng Pilipinas

9 Resilient Philippine Economy Average 91-day Treasury Bill Rate: 0.32% 1.58% 1.37% Source: Bangko Sentral ng Pilipinas 0.32%

10 2013 Sector Performance

11 In PHP millions 2013 Sector Performance 8,000,000 BANKING SECTOR 7,000,000 6,000, % Deposits 5,000,000 4,000,000 3,000,000 Loans +16% 2,000, Source: Bangko Sentral ng Pilipinas, Philippine Deposit Insurance Corporation

12 2013 Sector Performance PROPERTY SECTOR Average annual Housing DEMAND 600,000 units 200,000 units Average annual Housing SUPPLY Source: Housing and Urban Development Coordinating Council

13 2013 Sector Performance PROPERTY SECTOR 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , , , , , , , , , ,000 50,000 - Total space absorbed Annual absorption BPO office space take-up Source: Colliers, Macquarie

14 2013 Sector Performance 165,194 units AUTO SECTOR 182,779 units 208,494 units +14% Growth Drivers: Affordable car loan interest rates Motorization of the Philippine Economy Source: CAMPI, AVID

15 2013 Sector Performance INSURANCE SECTOR % In PHP billion Combined Life and Non-Life Gross Premiums Source: Insurance Commission

16 2013 Sector Performance POWER GENERATION SECTOR Sector performance tempered by string of devastating natural calamities 1,959 transmission facilities and 17 electric cooperatives in the Visayas Grid severely damaged Source: Department of Energy, National Disaster Risk Reduction and Management Council

17

18 In PHP Billion In PHP Billion In PHP Billion In PHP Billion In PHP Billion GT Capital Financial Highlights Revenues +359% Consolidated Net Income +31% Core Net Income EBITDA Assets +34% % %

19 Component Companies FY2013 Financial Highlights

20

21 In PHP Billion Total Assets Php 1.4 T Return on Equity 17.8% +46% Net Income Net Interest Margin 3.9%

22

23 In PHP Billion In PHP Billion 2012: 65,396 units 2013: 75, Sales Volume : +16% 36% Market Share Net Income +50% +10% Revenues

24 Toyota Motor Philippines No.1 in: Passenger Car Sales Commercial Vehicle Sales Overall Sales Triple Crown awardee for the past 12 consecutive years

25

26 Unusually colder climate, shorter dry season during first half of 2013

27 Super Typhoon Yolanda 7.2 Magnitude Earthquake Visayas Power Grid

28 In PHP Billion In PHP Billion Total Installed Capacity 622 MW Net Income Net Fees (Revenue) % %

29

30 In PHP Billion In PHP Billion Reservation Sales: Php 13.9 B Unit Sales: 2,199 units 5 New Projects Net Income Revenues +90% %

31

32 In PHP Billion In PHP Billion Annualized Premium Equivalent: Php 3.6 billion +31% Gross Premiums Net Income +49% +30%

33

34 In PHP Billion In PHP Billion Established in Years in Operation Gross Premiums Net Income +21% %

35 Strategic Acquisitions

36 Strategic Acquisitions 17 January 2013 Increased Direct Ownership from 36% to 51%

37 Strategic Acquisitions 07 October 2013 Direct Ownership of 66.7%

38 Strategic Acquisitions 18 December 2013 Direct Ownership of 40.7%

39

40 In PHP Billion In PHP Billion Market Share 12% Revenues Net Income +19% %

41 Further Consolidation in 2014 Increased 17 direct January ownership 2013 from 66.7% to 100% (January) Increased direct ownership from 40.7% to 60% (March) Acquired 89.1% direct ownership (March)

42 Current GT Capital Components 100% 100% 89.1% 60% 51% 50.9% 25.3% 25.1%

43 Private Equity Placement January 2013 Php14.3 B Php620/share 3x Oversubscribed Free Float: 40% Corporate Initiatives

44 Corporate Initiatives Maiden Retail Peso Bond Issuance February 2013 PHP10.0 B 7 and 10-years Triple-A rating

45 2013 Milestones Included in the Philippine Stock Exchange Index September 2013 Met the following criteria: 1. Full market capitalization 2. Daily trading value 3. Free float percentage

46

47 Branch Expansion North America 1 Branch 8 Subsidiaries Europe 1 Subsidiaries Middle East 59 Remittance Correspondents (52 non middle east) Rest of Asia-Pacific 5 Branches 15 Subsidiaries and 2 Representative Offices Philippines Global branch network Metrobank branches PSBank branches Local: 856 branches* International: 6 branches Total: 862 branches *of which 28 branches opened in 2013 Largest consolidated domestic branch network 856 branches Supplemented by almost 2000 ATMs

48 New Models Mix Full Model Change Corolla ALTIS Newly Introduced Toyota WIGO Full Model Change Toyota YARIS

49 Strategic Investments

50 Completion of Projects

51 Introduction of New Products

52 Completion of New Power Plant Toledo Power Company (TPC) 82-megawatt Expansion Toledo City, Cebu

53 New Expansion Panay Energy Development Corporation (PEDC) 150-megawatt Expansion Iloilo City, Panay

54 SHIFTING TO HIGHER GEAR, MAXIMIZING SYNERGIES

55 Thank you!

Susan J. Adams, PhD IMF-PFTAC Coordinator

Susan J. Adams, PhD IMF-PFTAC Coordinator A MACROECONOMIC PORTRAIT OF THE PACIFIC: A Presentation for PEGASeS August 16, 2007 Susan J. Adams, PhD IMF-PFTAC Coordinator Compiled by the IMF Asia and Pacific Department Edited by PFTAC OUTLINE OF

More information

UBS Annual Nordic Financial Services Conference Lars Aa. Løddesøl Group CFO - Storebrand

UBS Annual Nordic Financial Services Conference Lars Aa. Løddesøl Group CFO - Storebrand UBS Annual Nordic Financial Services Conference 2013 Lars Aa. Løddesøl Group CFO - Storebrand 1 The Storebrand Group 100% of investments assessed by sustainability criteria 2.200 employees 40.000 corporate

More information

Fact Sheet for Q3 and January-September 2012 October 24, 2012

Fact Sheet for Q3 and January-September 2012 October 24, 2012 Fact Sheet for Q3 and January-September 2012 October 24, 2012 Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4-13 Information for Divisions Mercedes-Benz Cars 14-17

More information

Q PRESENTATION 18 OCTOBER 2018

Q PRESENTATION 18 OCTOBER 2018 Q3 2018 PRESENTATION 18 OCTOBER 2018 Group Highlights Q3 2018 Very strong growth in revenue and operating profit outside of Denmark. In Denmark, acceptance of self-cleaning in September allows Atea to

More information

India: Can the Tiger Economy Continue to Run?

India: Can the Tiger Economy Continue to Run? India: Can the Tiger Economy Continue to Run? India s GDP is on the rise US$ trillions Nominal GDP (left axis) GDP growth (right axis) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1990 1992 1994 1996 1998 2000 2002 2004

More information

Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip?

Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Opportunities in a Challenging Global Business Environment: Can the World Avoid a Double-Dip? Ross DeVol Chief Research Officer (310) 570 4615 rdevol@milkeninstitute.org www.milkeninstitute.org Presentation

More information

How to Explain Car Rental to Banks and Investors

How to Explain Car Rental to Banks and Investors How to Explain Car Rental to Banks and Investors Scott White Senior Managing Director, Head of Investment Banking C.L. King & Associates March 8-9, 2011 Las Vegas Hilton 1 My Background 18 Years Advising

More information

Chief Economist s Report

Chief Economist s Report Chief Economist s Report 22 February 2017 IATA Legal Symposium, Washington Brian Pearce Chief Economist, IATA Airline Industry Economics Advisory Workshop 2016 1 Themes 1. World economy still stuck on

More information

U.S. Auto Industry Chartbook 4Q18

U.S. Auto Industry Chartbook 4Q18 U.S. Auto Industry Chartbook 4Q18 / 1 U.S. Auto Industry Chartbook 4Q18 January 2019 Key Messages Auto sales closed 2018 at 17.2 million units, virtually unchanged from the previous year Robust economic

More information

The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services

The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)

More information

Global growth forecasts Key countries/regions,

Global growth forecasts Key countries/regions, Global growth forecasts Key countries/regions, 2014-2018 Percent 7 6 5 4 3 2 1 0 Developing Asia Sub-Saharan Africa Middle East and North Africa Latin America and the Caribbean United States Euro area

More information

Latin American Capital Markets:

Latin American Capital Markets: Latin American Capital Markets: Stylized Facts, Recent Developments, and Issues FEDERAL RESERVE BANK OF NEW YORK October 18, 2007 Augusto de la Torre The World Bank Structure of presentation Medium-term

More information

Web.com Completes Acquisition of Yodle Deal strengthens Web.com s portfolio of products that help small businesses compete and succeed online

Web.com Completes Acquisition of Yodle Deal strengthens Web.com s portfolio of products that help small businesses compete and succeed online Web.com Group, Inc. 12808 Gran Bay Parkway West Jacksonville, FL 32258 T: (904) 680-6600 F: (904) 880-0350 NASDAQ: WEB Web.com Completes Acquisition of Yodle Deal strengthens Web.com s portfolio of products

More information

Global Financial Crisis and Fisheries in Southeast Asia. Glenn I. Ymata Southeast Asia Fish for Justice Network Jakarta, Indonesia July 28-29, 2009

Global Financial Crisis and Fisheries in Southeast Asia. Glenn I. Ymata Southeast Asia Fish for Justice Network Jakarta, Indonesia July 28-29, 2009 Global Financial Crisis and Fisheries in Southeast Asia Glenn I. Ymata Southeast Asia Fish for Justice Network Jakarta, Indonesia July 28-29, 2009 The Artisanal Fisheries in 1.Artisanal fishing operations

More information

Reading the Tea Leaves: Investing for 2010 and Beyond

Reading the Tea Leaves: Investing for 2010 and Beyond Reading the Tea Leaves: Investing for 2010 and Beyond Wednesday, April 28, 2010; 8:00 AM - 9:15 AM Moderator: Maria Bartiromo, Anchor, CNBC's Closing Bell With Maria Bartiromo Speakers: Nick Calamos, President

More information

2010 Credit Suisse Holiday Conference December 7, 2010

2010 Credit Suisse Holiday Conference December 7, 2010 2010 Credit Suisse Holiday Conference December 7, 2010 Forward Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements within the meaning of the Private Securities

More information

1Q15 Opportunity Day. 14th May 2015 Stock Exchange of Thailand

1Q15 Opportunity Day. 14th May 2015 Stock Exchange of Thailand 1Q15 Opportunity Day 14th May 2015 Stock Exchange of Thailand Agenda Key Highlights Financial Highlights Industry Outlook & Moving Forward 2 Key Highlights 3 Key Achievements Record high performance of

More information

INTERIM FINANCIAL STATEMENTS

INTERIM FINANCIAL STATEMENTS AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) For the three and nine months ended March 31, 2016 and 2015 AMERICAN GREEN INC. UNAUDITED CONSOLIDATED BALANCE SHEET AT MARCH 31, 2016 ASSETS

More information

Macro-economic risk and the outlook for aviation

Macro-economic risk and the outlook for aviation Macro-economic risk and the outlook for aviation 25 th January 2018, Dublin Brian Pearce, Chief Economist, IATA www.iata.org/economics Macro matters 24% 20% Global GDP and RPK growth 12% 10% 16% 12% 8%

More information

Airline industry outlook 2019

Airline industry outlook 2019 Airline industry outlook 2019 Brian Pearce Chief Economist 12 December 2018 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale) FTSE

More information

Europe June Craig Menear. Chairman, CEO & President. Diane Dayhoff. Vice President, Investor Relations

Europe June Craig Menear. Chairman, CEO & President. Diane Dayhoff. Vice President, Investor Relations Europe June 2016 Craig Menear Chairman, CEO & President Diane Dayhoff Vice President, Investor Relations Forward Looking Statements and Non-GAAP Financial Measurements Certain statements contained in today

More information

Economic Outlook March Economic Policy Division

Economic Outlook March Economic Policy Division Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real

More information

The Australia US FTA: implications for international education

The Australia US FTA: implications for international education The Australia US FTA: implications for international education Prepared for The Path to Cultural Understanding and Development 18th IDP Australian International Education Conference, Sydney 5-8 October

More information

ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN

ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Macroeconomic Research and Statistics Department Vol. XVIl, No.3 March 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02 Table

More information

ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN

ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Department of Macroeconomic Research and Statistics Vol. XVIl, No.9 September 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02

More information

ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN

ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN ROYAL MONETARY AUTHORITY OF BHUTAN MONTHLY STATISTICAL BULLETIN Department of Macroeconomic Research and Statistics Vol. XVIl, No.11 November 2018 CONTENTS Preface....01 Bhutan s Key Economic Indicators..02

More information

U.S. Auto Industry Chartbook 2Q18

U.S. Auto Industry Chartbook 2Q18 U.S. Auto Industry Chartbook 2Q18 / 1 U.S. Auto Industry Chartbook 2Q18 July 2018 Key Messages Sales remain resilient backed by robust economic growth Automakers continue to benefit from consumers favoring

More information

The US Economic Outlook

The US Economic Outlook IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth

More information

2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE

2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE 2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE January 14, 2019 Scott Colbert, CFA Executive Vice President Director of Fixed Income & Chief Economist scott.colbert@commercebank.com GLOBAL GROWTH EXPECTATIONS

More information

Financial Communication

Financial Communication Attijariwafa bank As of 31 December2017 Financial Communication 2017 Banking industry Growth and penetration % GDP CAGR Banking Penetration Total Banking Assets / GDP (in %) Total Assets US$ Bn Penetration

More information

Shifting International Trade Routes A National Economic Outlook. February 1, 2011

Shifting International Trade Routes A National Economic Outlook. February 1, 2011 Shifting International Trade Routes A National Economic Outlook February 1, 2011 Today s Objectives Endeavor to provide a broad context for today s program by briefly touching on: Some good news Some not

More information

A Primer on Factors Affecting Farmland Values

A Primer on Factors Affecting Farmland Values A Primer on Factors Affecting Farmland Values Federal Reserve Bank of Chicago David Oppedahl Business Economist 312-322-6122 david.oppedahl@chi.frb.org The economy hit bottom in June 2009, with hesitant

More information

The U.S. Economic Outlook

The U.S. Economic Outlook The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com

More information

U.S. AUTO INDUSTRY UPDATE Federal Reserve Bank of Chicago Automotive Outlook Symposium. Emily Kolinski Morris Chief Economist May 2015

U.S. AUTO INDUSTRY UPDATE Federal Reserve Bank of Chicago Automotive Outlook Symposium. Emily Kolinski Morris Chief Economist May 2015 U.S. AUTO INDUSTRY UPDATE Federal Reserve Bank of Chicago Automotive Outlook Symposium Emily Kolinski Morris Chief Economist May 2015 NORTH AMERICA INDUSTRY VOLUME SUMMARY 13.1 Total North America* (Mils.)

More information

Trade Growth - Fundamental Driver of Port Operations and Development Strategies

Trade Growth - Fundamental Driver of Port Operations and Development Strategies Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic

More information

THE BLUE SKY REPORT A KERRIGAN QUARTERLY. Third Quarter 2018 December 2018

THE BLUE SKY REPORT A KERRIGAN QUARTERLY. Third Quarter 2018 December 2018 THE BLUE SKY REPORT A KERRIGAN QUARTERLY Third Quarter 2018 December 2018 Contact Erin Kerrigan: (949) 439-6768 erin@kerriganadvisors.com Contact Ryan Kerrigan: (949) 728-8849 ryan@kerriganadvisors.com

More information

Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?

Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.

More information

From Recession to Recovery

From Recession to Recovery From Recession to Recovery Monday, April 26, 2010 8:00 AM - 9:15 AM Moderator Michael Klowden, President and CEO, Milken Institute Speakers Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific

More information

Accell Group. power in branding and distribution. Business profile. René Takens (CEO) Two segments: - Bicycles, Bicycle Parts & Accessories - Fitness

Accell Group. power in branding and distribution. Business profile. René Takens (CEO) Two segments: - Bicycles, Bicycle Parts & Accessories - Fitness Accell Group power in branding and distribution Brussels/Antwerp, René Takens (CEO) Wouter de Vreeze (Manager M&A/IR) 1 Business profile Two segments: - Bicycles, Bicycle Parts & Accessories - Fitness

More information

Market Insights. March 29, 2019

Market Insights. March 29, 2019 March 29, 2019 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.2% 1.4% 2.1% 2.3% 1.7% 2.4% 2.3%

More information

Market Insights. June 30, 2018

Market Insights. June 30, 2018 June 30, 2018 Economic Overview 2 Global & Regional Growth Forecasts IMF GDP Forecasts (% change YoY) 2010 2011 2012 2013 2014 2015 2016 2017 2018 Advanced Economies 1.7% 1.2% 1.3% 2.1% 2.3% 1.7% 2.3%

More information

PHILIPPINES RENEWABLE ENERGY OUTLOOK

PHILIPPINES RENEWABLE ENERGY OUTLOOK PHILIPPINES RENEWABLE ENERGY OUTLOOK FORTUNATO S. S. SIBAYAN Chief, Chief, Solar Solar & Wind Wind Energy Energy Management Management Division Division Department Department of of Energy Energy ASEAN

More information

MARKET AND CAPACITY UPDATE. Matthew Marsh September 2016

MARKET AND CAPACITY UPDATE. Matthew Marsh September 2016 MARKET AND CAPACITY UPDATE Matthew Marsh September 2016 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

More information

Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013

Bob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013 Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic

More information

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1

Energy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1 Energy Outlook Global and Domestic Trends and Challenges Dr. John Caldwell Director of Economics, EEI 1 World GDP Growth Other Economies are Outpacing the U.S. Other, 7996.16, 11% Africa, 3962.51, 6% Latin

More information

The transition to sustainable energy

The transition to sustainable energy ATSE Symposium The transition to sustainable energy Peter Littlewood 8 Nov 2016 The changing world economy Index 180 170 160 150 140 130 120 110 100 90 Economies less energy intensive Electricity less

More information

2018 Full Year Results Presentation. 31 August 2018

2018 Full Year Results Presentation. 31 August 2018 2018 Full Year Results Presentation 31 August 2018 Disclaimer Important Notice and Disclaimer Disclaimer The material in this presentation has been prepared by Reece Limited (ABN 49 004 313 133) ( Reece")

More information

Key Humanitarian and Development Trends

Key Humanitarian and Development Trends Key Humanitarian and Development Trends Mikaela Gavas Centre for Aid and Public Expenditure Christina Bennett Humanitarian Policy Group Overseas Development Institute The new global context for development

More information

Overview of the Philippines Action Plan for AEC Emmanuel F. Esguerra Deputy Director-General National Economic and Development Authority

Overview of the Philippines Action Plan for AEC Emmanuel F. Esguerra Deputy Director-General National Economic and Development Authority Overview of the Philippines Action Plan for AEC 2015 Emmanuel F. Esguerra Deputy Director-General National Economic and Development Authority Marriot Hotel, Newport City 8 October 2014 Outline AEC 2015

More information

Airlines, the economy and air transport demand

Airlines, the economy and air transport demand Airlines, the economy and air transport demand Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 Returns for airlines investors lower this year;

More information

BC Pension Forum. Economic Outlook. Presented by: Ben Homsy, CFA Portfolio Manager

BC Pension Forum. Economic Outlook. Presented by: Ben Homsy, CFA Portfolio Manager BC Pension Forum Economic Outlook Presented by: Ben Homsy, CFA Portfolio Manager 1694 1704 1713 1723 1732 1741 1751 1760 1770 1779 1788 1798 1807 1817 1826 1836 1845 1854 1864 1873 1883 1892 1901 1911

More information

AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS

AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) For the three months ended September 30, 2017 and 2016 AMERICAN GREEN INC. UNAUDITED CONSOLIDATED BALANCE SHEET AT SEPTEMBER 30, 2017 ASSETS

More information

THE PHILIPPINE ECONOMY: Recent Performance and Long-Term Outlook. Undersecretary Rolando G. Tungpalan 17 February 2016

THE PHILIPPINE ECONOMY: Recent Performance and Long-Term Outlook. Undersecretary Rolando G. Tungpalan 17 February 2016 THE PHILIPPINE ECONOMY: Recent Performance and Long-Term Outlook Undersecretary Rolando G. Tungpalan 17 February 2016 Favorable Macroeconomic Trends The Philippines has been on a higher growth trajectory

More information

5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry

5. Golf Industry Trends and Developments in the US 6. The US Macro Economy Factors and Impact over Golf Industry TABLE OF CONTENTS 1. Golf Industry Performance Worldwide 1.1. Overview 1.2. Global Golf Equipment Demand and Economy 2. The US Golf Industry Overview 2.1. Industry Segmentation 3. Industry Performance

More information

AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS

AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) For the nine months ended March 31, 2018 and 2017 AMERICAN GREEN INC. UNAUDITED CONSOLIDATED BALANCE SHEET AT MARCH 31, 2018 ASSETS CURRENT ASSETS:

More information

2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy

2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy 2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,

More information

Global Expansion Guided by Long-term Perspectives and the Made in Toray * Spirit

Global Expansion Guided by Long-term Perspectives and the Made in Toray * Spirit Toray s Global Operations Toray s way Global Expansion Guided by Long-term Perspectives and the Made in Toray * Spirit Toray is continually strengthening and expanding its global production network in

More information

Composition of Federal Spending

Composition of Federal Spending *For Institutional Use Only* Demographic and Economic Trends: Growth, Debt and Promises Douglas C. Robinson RCM Robinson Capital Management LLC SEC Registered Investment Advisory Firm Advisory services

More information

The economic value of the EU shipping industry. Andrew P Goodwin

The economic value of the EU shipping industry. Andrew P Goodwin The economic value of the EU shipping industry Andrew P Goodwin 2 nd April 2014 Introduction Shipping is a vital facilitator of world trade 135 % Increase in world GDP in the last two decades 180 % Increase

More information

Comparison of urban energy use and carbon emission in Tokyo, Beijing, Seoul and Shanghai

Comparison of urban energy use and carbon emission in Tokyo, Beijing, Seoul and Shanghai International Workshop on Urban Energy and Carbon Modeling, February 5-6, 28, AIT Centre, Asian Institute of Technology, Pathumthani, Thailand Comparison of urban energy use and carbon emission in Tokyo,

More information

Date: Place: Term: Your ref. order No.:

Date: Place: Term: Your ref. order No.: Page 1 of 7 Date: Place: Term: Your ref. order No.: ******** Vilnius UAB XXXXXXXXXXX UAB XXXXXXXXXXX Algirdo G. xxxxx Vilniaus M., Vilniaus M. Sav. LT-03216 Lithuania Tel.: Fax.: Email: Webpage: +370 5

More information

Handelsbanken Nordic Large Cap Seminar. September 16, 2015 President and CEO Ari Lehtoranta

Handelsbanken Nordic Large Cap Seminar. September 16, 2015 President and CEO Ari Lehtoranta Handelsbanken Nordic Large Cap Seminar September 16, 2015 President and CEO Ari Lehtoranta Index 1. Nokian Tyres in brief 2. Nokian Tyres financial performance 3. Business units and Russian operations

More information

ROTH Capital Partners Infant, Juvenile & Toy Conference. December 14, 2010

ROTH Capital Partners Infant, Juvenile & Toy Conference. December 14, 2010 ROTH Capital Partners Infant, Juvenile & Toy Conference December 14, 2010 MARTIN SCHWARTZ President & Chief Executive Officer 2 Forward Looking Statements Except for historical information provided herein,

More information

A Giant Producer, & An Emerging Giant Consumer/Investor. Hong Liang

A Giant Producer, & An Emerging Giant Consumer/Investor. Hong Liang A Giant Producer, & An Emerging Giant Consumer/Investor China s Role in Global Trade and Investment Hong Liang Chief Economist, Head of Research October, 2016 I China: A global manufacturing power house,

More information

Annual results 2017 and strategy update. 09 March 2018

Annual results 2017 and strategy update. 09 March 2018 Annual results 2017 and strategy update 09 March 2018 Agenda 1. Highlights & Group performance 2017 2. Strategy update 3. Outlook 2018 March 9, 2018 Accell Group N.V. presentation annual results 2017 1

More information

As Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International

As Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International As Good as it Gets The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International #NMHCstudent @ApartmentWire Ten Years After: A Full if Imperfect

More information

Preliminary Unaudited Financial Results for 2016

Preliminary Unaudited Financial Results for 2016 REGULATORY ANNOUNCEMENT March 9 th, 2017 Fortuna Entertainment Group N.V. Preliminary Unaudited Financial Results for 2016 Amsterdam - Fortuna Entertainment Group N.V. announces its preliminary unaudited

More information

ANNUAL RESULTS PRESENTATION. 20 March, 2014 Hong Kong

ANNUAL RESULTS PRESENTATION. 20 March, 2014 Hong Kong ANNUAL RESULTS PRESENTATION 20 March, 2014 Hong Kong Content Ⅰ Ⅱ Financial Highlights Business Performance Ⅲ Trend and Objectives Ⅳ Outlook and Perspectives Financial Highlights Total Assets (RMB billion)

More information

Challenges, Prospects & Opportunities. Seychelles Fisheries Sector

Challenges, Prospects & Opportunities. Seychelles Fisheries Sector Challenges, Prospects & Opportunities Seychelles Fisheries Sector Geographical Location General information Total population: 94,000 people Total territory: 1,374,000 km 2 Land/Ocean territory:459 km 2

More information

The Global Economy: Sustaining Momentum

The Global Economy: Sustaining Momentum The Global Economy: Sustaining Momentum David J. Stockton Senior Fellow Peterson Institute for International Economics Chief Economist Monetary Policy Analytics October 5, 2017 What s Driving the Global

More information

Discussion of: The Rise, the Fall, and the Resurrection of Iceland by Benediksdottir, Eggertsson, Þorarinsson. Jón Steinsson Columbia University

Discussion of: The Rise, the Fall, and the Resurrection of Iceland by Benediksdottir, Eggertsson, Þorarinsson. Jón Steinsson Columbia University Discussion of: The Rise, the Fall, and the Resurrection of Iceland by Benediksdottir, Eggertsson, Þorarinsson Jón Steinsson Columbia University Policy Failure 1: Banking Supervision Paper covers this very

More information

Global economic cycle has slowed

Global economic cycle has slowed Year-on-year % change Confidence index, 50= no change Global economic cycle has slowed 25% 70 20% International trade growth 65 15% 10% Industrial production growth 60 5% 55 0% 50-5% Business confidence

More information

Interim report Q November 2017

Interim report Q November 2017 Interim report Q3 2017 14 November 2017 1 Highlights Q3 2017 Positive developments in core business and Hartmann Technology Revenue grew due to technology sales and higher volumes Profitability impacted

More information

U.S. Property Market Outlook, 2013Q1. Jim Costello, Managing Director CBRE Americas Research Investment Research

U.S. Property Market Outlook, 2013Q1. Jim Costello, Managing Director CBRE Americas Research Investment Research U.S. Property Market Outlook, 2013Q1 Jim Costello, Managing Director CBRE Americas Research Investment Research CBRE Page 2 Outlook for the Real Side of the Economy Operationally, what do Research Teams

More information

Indian Economy in Graphs. Arvind Panagariya Columbia University

Indian Economy in Graphs. Arvind Panagariya Columbia University Indian Economy in Graphs Growth in GDP and Per-capita GDP 9 8.3 8 7 6.7 6 5.8 5 4 3 2 4.1 2.2 3.2 4.6 2.2 3.7 1 0.8 0 Phase I (1951-64) Phase II (1965-81) Phase III (1981-88) Phase IV (1988-03) Phase V

More information

A comment on recent events, and...

A comment on recent events, and... A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,

More information

ABA Commercial Real Estate Lending Committee

ABA Commercial Real Estate Lending Committee ABA Commercial Real Estate Lending Committee Commercial Real Estate Outlook The Good, the Bad and the Ugly January 16, 2019 Rob Strand Senior Economist American Bankers Association aba.com 1-800-BANKERS

More information

Economic Outlook: fear over fundamentals

Economic Outlook: fear over fundamentals ECONOMICS I RESEARCH Economic Outlook: fear over fundamentals April 2016 Craig Wright (SVP & Chief Economist) (416) 974-7457 craig.wright@rbc.com Volatility index Market volatility index, (VIX) 90 80 70

More information

AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED)

AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) For the six months ended December 31, 2017 and 2016 AMERICAN GREEN INC. UNAUDITED CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 2017 ASSETS CURRENT

More information

ECONOMIC CALENDAR 2010

ECONOMIC CALENDAR 2010 J.P. Morgan ECONOMIC CALENDAR 2010 Release dates for US economic indicators and Treasury auctions J.P. Morgan ECONOMIC CALENDAR 2010 Release dates for US economic indicators and Treasury auctions This

More information

A Diversification Strategy With a Purpose: Singtel's Regional Expansion

A Diversification Strategy With a Purpose: Singtel's Regional Expansion Research Brief A Diversification Strategy With a Purpose: Singtel's Regional Expansion Abstract: In the late 1990s, Singtel faced huge challenges. The company decided to develop an ambitious diversification

More information

Economics of Road Safety What does it imply under the 2030 Agenda for Sustainable Development?

Economics of Road Safety What does it imply under the 2030 Agenda for Sustainable Development? Presentation issued without formal editing FOR PARTICIPANTS ONLY 14 March 2017 ENGLISH ONLY UNITED NATIONS CENTRE FOR REGIONAL DEVELOPMENT In collaboration with Ministry of Public Works and Transport,

More information

Are Internet Stocks Over- Valued?

Are Internet Stocks Over- Valued? Are Internet Stocks Over- Valued? Paul A. Gompers Harvard Business School pgompers@hbs.edu THURSDAY, JUNE 3, 1999 Internet Stock Index S&P 500 INTERNET STOCKS: WHAT A RIDE IT HAS BEEN! Amazon.com: Can

More information

PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION

PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION May 2018 THE SASKATCHEWAN DIFFERENCE Economic Stability Diversified economy balances cyclicality of resources Growing population Majority government with

More information

Economic & Financial Market Outlook

Economic & Financial Market Outlook Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets

More information

Telling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017

Telling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017 Recent Developments in the Canadian Economy: How have the decline in oil prices and a weaker Canadian dollar affected Canada s economy? www.statcan.gc.ca Telling Canada s story in numbers Elizabeth Richards

More information

Henley Global Masterclasses 2017 Henley Business School, Greenlands, Henley-on-Thames Friday 12 May 2017

Henley Global Masterclasses 2017 Henley Business School, Greenlands, Henley-on-Thames Friday 12 May 2017 The End of the Golden Era for Global Investing Prof Sotiris Tsolacos International Capital Markets Association (ICMA) Centre and School of Real Estate & Planning Henley Global Masterclasses 2017 Henley

More information

Annual General Meeting of Alma Media Corporation, 14 March CEO s statement. Kai Telanne, President and CEO

Annual General Meeting of Alma Media Corporation, 14 March CEO s statement. Kai Telanne, President and CEO Annual General Meeting of Alma Media Corporation, 14 March 2018 CEO s statement Kai Telanne, President and CEO Financial statements 2017 Alma Media s strong growth continued in 2017 Revenue Adjusted operating

More information

Colombia: Economic Adjustment and Outlook. Andres-Mauricio Velasco Technical Deputy Minister of Finance, Republic of Colombia February 2018

Colombia: Economic Adjustment and Outlook. Andres-Mauricio Velasco Technical Deputy Minister of Finance, Republic of Colombia February 2018 Colombia: Economic Adjustment and Outlook Andres-Mauricio Velasco Technical Deputy Minister of Finance, Republic of Colombia February 2018 What is Colombian Ministry of Finance s outlook and funding strategies

More information

Impacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker

Impacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker Impacts of the Global Economy on Asia Pacific Travel 29 June 2007 John Walker jwalker@oxfordeconomics.com Oxford Economics Founded in 1981 Over 300 clients including blue chip companies and government

More information

Lucintel. Publisher Sample

Lucintel.   Publisher Sample Lucintel http://www.marketresearch.com/lucintel-v2747/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am

More information

More of the Same; Or now for Something Completely Different?

More of the Same; Or now for Something Completely Different? More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP

More information

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division November 2018

Turkey: Recent Developments and Future Prospects. ISBANK Economic Research Division November 2018 Turkey: Recent Developments and Future Prospects ISBANK Economic Research Division November 2018 Macroeconomic Outlook Strong Economic Growth Cycle GDP of 851 bn USD (2017), 10.6k USD (2017) per capita

More information

OPAP S.A. Corporate Presentation November Nikos Polymenakos Investor Relations

OPAP S.A. Corporate Presentation November Nikos Polymenakos Investor Relations OPAP S.A. Corporate Presentation November 2006 Nikos Polymenakos Investor Relations 1 Agenda!Company Overview!Recent Developments!Financials!Stock Info!Investment Perspectives 2 Company Overview 3 Company

More information

The outlook: what we know, the known unknowns and the unknown unknowns

The outlook: what we know, the known unknowns and the unknown unknowns The outlook: what we know, the known unknowns and the unknown unknowns 24 April 2017 Seoul Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1

More information

Economic Overview. Melissa K. Peralta Senior Economist April 27, 2017

Economic Overview. Melissa K. Peralta Senior Economist April 27, 2017 Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation

More information

SUNTRUST BANKS INC FORM 8-K. (Current report filing) Filed 09/26/01 for the Period Ending 09/25/01

SUNTRUST BANKS INC FORM 8-K. (Current report filing) Filed 09/26/01 for the Period Ending 09/25/01 SUNTRUST BANKS INC FORM 8-K (Current report filing) Filed 09/26/01 for the Period Ending 09/25/01 Address 303 PEACHTREE ST N E ATLANTA, GA 30308 Telephone 4045887711 CIK 0000750556 Symbol STI SIC Code

More information

Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM

Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM Moderator: Gillian Tett, U.S. Managing Editor, Financial Times Speakers: Jared Bernstein,

More information

Household Wealth: Panel Study of Income Dynamics (Thousands of 1999 dollars)

Household Wealth: Panel Study of Income Dynamics (Thousands of 1999 dollars) Household Wealth: Panel Study of Income Dynamics (Thousands of 1999 dollars) Business 26.6 0.0 12.2% 217.8 62.5 30.9 0.0 13.4% 230.9 53.8 Checking / Savings 19.5 3.2 80.8% 24.2 6.4 23.9 3.4 81.2% 29.4

More information

Handelsbanken Russia Seminar

Handelsbanken Russia Seminar Handelsbanken Russia Seminar 22 May, 2015 President and CEO Ari Lehtoranta Growth in the west Russia remains challenging Nokian Tyres 2014 Nokian Tyres is the northernmost tyre manufacturer in the world,

More information