Wednesday, February 7, 2018

Central Azucarera de Tarlac, Inc. (CAT)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Central Azucarera de Tarlac, Inc. (CAT)
Sector
Industrial
Incorporation Date
Jun 21, 1927
Subsector
Food, Beverage & Tobacco
Number of employees
 321 (Group Total)
Board of Directors
Chairman: Martin Ignacio P. Lorenzo
Other directors: Fernando C. Cojuangco
Website / E-mail
http://www.luisitasugar.com / jcsolegal@yahoo.com
2. Stock Information
Total Assets
6,661,584,000
Market Capitalization
5,806,171,518.00
Total Liabilities
3,688,631,000
Outstanding Shares
282,538,760
Retained Earnings
377,621,000
Listed Shares
282,545,960
Listing Date
Apr 12, 1977
Issued Shares
282,545,960
Board Lot
100
Free Float Level (%)
12.18%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORPORATION (FILIPINO)
PCD NOMINEE CORPORATION (FOREIGN)
93.63%
01.84%
4. Company Descriptions and Business Development
Notes
1.  CAT Resource & Asset Holdings, Inc. (CRAHI, holds 71.39% thru PCD.)
2. Lorenzo family sold its Pancake House to Max’s Group (MAX, a listed company.
3. Lorenzo and Cojuangco is the major stock holder of CRAHI.
4. Martin Ignacio P. Lorenzo (36.41%), Fernando C. Cojuangco (34.98%) holds CAT share indirectly.
Overview
It operates an integrated manufacturing facility that processes sugar and all its by-products. Its business and facilities include the sugar milling and refinery, distillery and carbon dioxide plants. It has 100% stake in Luisita Land Corporation (LLC). It has planter-miller share agreement, 31% represents the company’s mill share and 69% belongs to the planters. It owns real estate property consisting of 627.9 hectares located within the Luisita Agro-Industrial Complex


Business
Revenue contribution in 2016
Sugar
Tolling
Alcohol
Molasses
Carbon
Service
642
258
301
34
28
39
49.31%
19.82%
23.12%
2.61%
2.15%
3%

Raw and Refined Sugar
The Company’s sugar milling and refinery facilities have a capacity of 7,200 tons cane.
Alcohol
The distillery has a production capacity of about 65,000 gauge liters per day.
Carbon Dioxide
The plant has a capacity of 30,000 kilos per day and operates for 4 to 5 months of the year.
Industrial Services
The Company, thru LLC, provides property management, water distribution and wastewater treatment series to locators of Luisita Industrial Park and residents of Las Haciendas de Luisita.

Subsidiaries / Associates / Affiliates / Joint Ventures

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...