Accelerating Progress. Reshaping the Future.

2023 Annual & Sustainability Report

About the Cover

JG Summit Holdings, Inc. has risen to brilliance and is constantly pursuing promising opportunities. We weathered economic headwinds while finding strong tailwinds that have allowed us to push the boundaries of what’s possible, turning 2023 into a year of transcendence.

Purpose in Motion
We played to our strengths by developing products that provide greater value to our customers and optimizing operations across our businesses. We upgraded our customers’ experiences by continuously innovating our food and beverage products, responding to accelerating travel demand, and developing world-class properties. Our petrochemicals arm also began to offer new products with the completed plant expansion project and is on its path to transformation, continuing our founder’s vision for nation-building through industrialization. On the financial services front, the BPI-RBank merger has been fully consummated and is now undergoing integration. GoTyme, our digital banking star, has already hit 2 million customers at the end of 2023. The individual successes of our businesses contributed to our upward trajectory, setting the bar higher in their respective industries.

Leading the Way towards a Sustainable Future
While implementing business improvements, we also pushed for a climate-resilient future. Embarking on our climate resiliency project allowed us to identify critical scenarios that would have the most financial impact on our businesses so we could prevent and better prepare. Our businesses have also made deliberate efforts towards better ESG practices, including initiatives on plastic neutrality, energy efficiency, and employee growth and well-being. These steps, aligned with sustainable development goals, help us create better choices for our customers and share success with stakeholders.

Transforming Tomorrow
JG Summit’s journey goes beyond immediate gains. The financial highs and business achievements of this year are the building blocks of a better tomorrow. Beyond surface-level success, 2023 was a collective effort that pushed us to a world where progress and purpose go side by side.

Message to Shareholders

CHAIRMAN'S MESSAGE

As we progress on our journey as a conglomerate, we continuously refine our strategy to meet our customers’ evolving needs and embed sustainability in our operations across the group.

We look forward to reshaping the future with more innovative products and services in the years to come, putting to work our entrepreneurial mindset while practicing integrity and being good stewards of the resources entrusted to us.

James L. Go
Chairman
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PRESIDENT AND CEO'S REPORT

As we navigate the ever-changing business landscape, we accelerate our progress by capitalizing on our vast ecosystem and the initiatives we have set to capture efficiencies and ensure sustainability in our operations.

Looking back at another year that has passed, we keep our focus on our commitment to provide our customers with products and services that give them better choices and create shared success with the stakeholders who continue to empower us along our journey towards progress.

Lance Y. Gokongwei
President and Chief Executive Officer
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At a Glance

FY Revenue

in Php billion

Cash Dividends

Php per common share

Current Ratio

Core Net Income

FY 2023
₱19.8B
+220% vs SPLY
Attributable to equity holders of the parent

Total Assets

in Php billion