Forbes Asia - October 2018

SPECIAL ADVERTISING SECTION

5 The Philippines

SPECIAL ADVERTISING SECTION

The Philippine holding company remains aggressive as ever—sustaining market leadership in

its core businesses of property, banking and retail, while delivering more value to shareholders

with strategic investments in high-potential areas.

SM INVESTMENTS CORPORATION:

ENERGIZING LOCAL ECONOMIES

This year marks the 60th anniversary of

visionary tycoon Henry Sy Sr. founding the

shoe store that would evolve into one of the

Philippines’ most agile conglomerates, SM

Investments Corporation (SM) is showing no

signs of slowing down.

The holding company, whose diverse

business interests cover market-leading

investments in retail, property, banking and

other high-potential sectors, delivered solid

numbers in 2017, with consolidated revenue

of PHP396.1 billion (US$7.9 billion), up 9%

year-on-year, and consolidated net income

of PHP32.9 billion (US$652.7 million).

The current year is showing sustained

momentum, with net income increasing 9%

in the first half to PHP18.1 billion (US$348.3

million) from the same period last year

and consolidated revenue rising 12% to

PHP204.9 billion (US$3.9 billion). About 45%

of current total earnings is attributed to

property arm SM Prime Holdings, while its

banking businesses BDO Unibank (BDO) and

China Banking Corporation (China Bank)

contributed 33%. SM Retail contributed

22%, driven by particularly strong results

and high-margin growth from specialty

retailing.

According to SM President and Chief

Executive Officer Frederic DyBuncio, the

Philippines’ steady economic environ-

ment and its demographic make-up spells

a wealth of market opportunities for the

conglomerate, whose plans are not only

to extend its presence in Metro Manila but

also to expand into underserved areas in the

country.

“We are focused on sustaining our growth

and delivering more value through our

growing interests in our core businesses and

strategic investments that will accelerate

expansion for the group,” says DyBuncio.

SM Aura Premier Conrad Manila Wind Residences

THE SM STORE BDO