JG Summit Holdings, Inc. (JGS)

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1. Company Information
Company Name	JG Summit Holdings, Inc. (JGS)
Sector	Holding Firms			Incorporation Date	Nov 23, 1990
Subsector	Holding Firms			Number of employees	21,477
Board of Directors	Chairman: James L. Go Directors : John L. Gokongwei, Jr., Lance Y. Gokongwei
Website / E-mail	http://www.jgsummit.com.ph / bjsebastian@jgsummit.com.ph
2. Stock Information
Total Assets		724,534,280,000	Market Capitalization		520,022,304,298.20
Total Liabilities		386,316,699,000	Outstanding Shares		7,162,841,657
Retained Earnings		199,595,390,000	Listed Shares		7,319,723,200
Listing Date		Aug 09, 1993	Issued Shares		7,162,841,657
Board Lot		10	Free Float Level (%)		40.99%
Par Value		1.00	Foreign Ownership Limit		40%
3. Major Stock Holders (common shares)
GOKONGWEI BROTHERS FOUNDATION INC. PCD NOMINEE CORPORATION - (FILIPINO) RSB-TIG NO. 030-46-000001-9 PCD NOMINEE CORPORATION- (NON-FILIPINO) LANCE YU GOKONGWEI EGO INVESTMENTS HOLDINGS LIMITED JAMES L. GO					27.88% 21.75% 14.43% 14.23% 4.28% 3.74% 2.10%
4. Company Descriptions and Business Development
Notes 1. Related companies: JGS, CEB, URC, RLC 2. Mr. James L. Go is the brother of Mr. John L. Gokongwei, Jr. Ms. Lily G. Ngochua is the sister of Mr. John L. Gokongwei, Jr. Mr. Lance Y. Gokongwei is the son of Mr. John L. Gokongwei, Jr. Mr. Patrick Henry C. Go is the nephew of Mr. John L. Gokongwei, Jr. Mr. Johnson Robert G. Go, Jr. is the nephew of Mr. John L. Gokongwei, Jr. Ms. Robina Y. Gokongwei-Pe is the daughter of Mr. John L. Gokongwei, Jr. Faraday D. Go, Jr. is the nephew of John Gokongwei, Jr.
Overview JG Summit Holdings, Inc. (JG Summit / the Company), which is controlled by the Gokongwei Family, a holding company for a group of companies with substantial business interests in foods, agro-industrial and commodities, real estate and hotel, air transportation, banking and petrochemicals. The Company also has core investments in telecommunications and power generation and distribution. The Group also has a branded consumer foods business in the People’s Republic of China (PRC), ASEAN and Oceania (New Zealand and Australia) regions, and a core investment in a property development company in Singapore. The Gokongwei Family beneficially owns approximately 18.2% of the outstanding share capital of the Company. In addition, certain members of the Gokongwei Family are trustees of the Gokongwei Brothers Foundation, which holds interest in approximately 27.9% of the existing outstanding share capital of the Company. Business FOODS, AGRO-INDUSTRIAL AND COMMODITIES is conducted through Universal Robina Corporation (URC). REAL ESTATE AND HOTELS is operated through Robinsons Land Corporation (RLC). AIR TRANSPORTATION business is operated through Cebu Air, Inc.(CEB) PETROCHEMICALS business is operated through JG Summit Petrochemical Corporation (JGSPC). BANKING SERVICES is tasked to Robinsons Bank Corporation(RCB) CORE INVESTMENTS In 2011, JGS sold all the stakes in Digitel (Sun Cellular brand) to PLDT. JGS has 8.0% shareholding in PLDT. In 2013, JGS purchased 27.1% stake in Manila Electric Company (Meralco). In 2016, JGS purchased 30% stake in Global Business Power Corporation (GBPC). SUPPLEMENTARY BUSINESSES It has an interest in insurance brokering and securities investments and BPO. Revenues of the each business sector in 2016 Food, Agro-Industrial and Commodity Food Products 112,458,000,000 47% Air Transportation 62,078,000,000 26% Petrochemicals 29,960,000,000 12% Real estate and hotels 25,578,000,000 11% Banks 3,419,000,000 1% Other Supplementary Businesses 7,941,000,000 3% Foreign revenues accounted for around 32% of total revenue. Subsidiaries / Associates / Affiliates / Joint Ventures CEB,RLC and RRHI will be discussed in a separate section since they are also listed in PSE. RRHI (Robinsons Retail Holdings Inc) belongs to the Gokongwei Group but it’s not a subsidiary of JGS. JG Summit Petrochemical Corporation (JGSPC) is a 100% owned subsidiary, engage in manufacturing, dealing and marketing of polyethylene(PE) and polypropylene(PP) and related petrochemical products. The plant is the Philippines’ first integrated PE and PP complex and is located at Barangay Simlong, Batangas City. It increased its annual polymer production capacity to 320,000 megatons (MT) for PE and 190,000 MT for PP from its initial production capacity of 175,000 MT for PE and 180,000 MT for PP. JGSPC products are sold under the EVALENE brand name. JG SUMMIT OLEFINS CORPORATION (JGSOC) was incorporated in the Philippines on April 22, 2008. JGSOC is wholly owned by the Company and is setup to operate the country’s first Naphtha Cracker Plant. The naphtha cracker is a back integration for the existing PE and PP plants of JGSPC. Robinsons Bank Corporation (RBC), through JG Summit Capital Services Corporation, a commercial bank, is the surviving entity between the merger of Robinsons Savings Bank and Robinsons Bank Corporation. 60% of the common stocks are owned by JG Capital Services Corporation (JGCSC), a wholly-owned subsidiary of JG Summit, while Robinsons Holdings Inc. (RRHI) owns the remaining 40%. It has currently 123 branches nationwide.