Universal Robina Corp.

In the news

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See more articles on Universal Robina Corp.

Company Background

Founded by Filipino-Chinese John Gokongwei in 1954 as a cornstarch factory, Universal Robina is now a leading snack and beverage producer in the Philippines. It is also one of the Filipino companies that have successfully expanded their footprint abroad. The company has full-scale operations in Thailand, Singapore, Malaysia, Vietnam, Indonesia, China and Hong Kong. It also plans to start operations in Myanmar by the end of 2014.

In the Philippines, Universal Robina enjoys the No. 1 market share in the snacks, candies, chocolates, canned beans and ready-to-drink tea segments and the No. 2 position in cup noodles and instant coffee sectors.

The company is continuously expanding its product portfolio. In 2014 alone, the company struck at least three deals as part of this effort.

In March, it teamed up with Calbee for the local production and sale of the Japanese snack marker's products in the Philippines. In July, Universal Robina took over New Zealand's NZ Snack Food Holdings for 700 million New Zealand dollars ($550 million), marking its first expansion outside Southeast Asia and China. In October, the company announced a joint venture with Danone Asia Holdings in a bid to expand its beverage portfolio.

The company is looking at establishing production plants in Laos and Cambodia to complete its presence in Southeast Asia.

Business Summary

Universal Robina Corp. is engaged in the manufacture and distribution of consumer food products. It operates through the following segments: Branded Consumer Foods, Agro-Industrial Products, Commodity Food Products, and Corporate Business. The Branded Consumer Foods segment manufactures and distributes salty snacks, chocolates, candies, biscuits, bakery products, beverages, instant noodles, pasta and tomato-based products. The Agro-Industrial Products segment produces and distributes an animal health products, animal feeds, glucose and soya bean products; and operates hog and poultry farm. The Commodity Food Products segment refines sugar and flour as well as manufactures pasta. Its products include savory snacks, biscuits, cakes, candies, chocolates, ready-to-drink tea and coffee; juices, bottled water, energy drinks, pure and blended coffee; creamer, instant coffee and chocolate mixes; pouch and cup noodles; canned beans, sauces and tomato paste. The Corporate Business segment engages in bonds and securities investment and fund sourcing activities. The company was founded by John L. Gokongwei Jr. on September 28, 1954 and is headquartered in Quezon City, Philippines.

Financial Highlights

Dec 2018	PHP	USD
Revenue	127,769.94M	2,425.26M
Gross Profit	36,705.83M	696.73M
Operating income	13,386.08M	254.08M
Income before tax	11,544.88M	219.13M
Net income	9,204.30M	174.71M
EBITDA	19,752.57M	374.93M
Diluted EPS	4.17	0.07
Dividends Per Share	3.15	0.05
Total Assets	151,935.71M	2,889.33M
Total liabilities	67,942.23M	1,292.04M
Total equity	83,791.22M	1,593.44M
Operating cash flow	11,931.17M	226.47M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Sep 2014	Sep 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	92,376.29M	109,051.02M	123,760.95M	125,007.82M	127,769.94M
Gross Profit	28,133.28M	34,918.45M	38,591.88M	38,673.39M	36,705.83M
Operating income	13,923.00M	17,229.38M	16,344.48M	14,941.63M	13,386.08M
Income before tax	14,213.42M	15,962.95M	12,868.45M	13,950.40M	11,544.88M
Net income	11,558.70M	12,383.34M	9,608.46M	10,888.08M	9,204.30M
EBITDA	17,808.31M	21,939.35M	22,368.50M	21,042.04M	19,752.57M
Diluted EPS	5.30	5.68	4.36	4.94	4.17
Dividends Per Share	3	3.15	3.15	3.15	3.15
Total Assets	77,921.20M	110,990.66M	143,059.91M	148,213.07M	151,935.71M
Total liabilities	21,894.21M	45,631.03M	64,210.66M	66,527.06M	67,942.23M
Total equity	55,949.40M	65,264.93M	78,833.78M	81,403.17M	83,791.22M
Operating cash flow	8,830.51M	23,793.13M	5,805.91M	15,662.68M	11,931.17M

	Sep 2014	Sep 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	2,095.24M	2,422.85M	2,606.17M	2,479.59M	2,425.26M
Gross Profit	638.10M	775.80M	812.67M	767.10M	696.73M
Operating income	315.79M	382.79M	344.18M	296.37M	254.08M
Income before tax	322.38M	354.65M	270.98M	276.71M	219.13M
Net income	262.17M	275.12M	202.33M	215.97M	174.71M
EBITDA	403.92M	487.44M	471.03M	417.37M	374.93M
Diluted EPS	0.12	0.12	0.09	0.09	0.07
Dividends Per Share	0.06	0.06	0.06	0.06	0.05
Total Assets	1,736.30M	2,374.63M	2,877.74M	2,969.01M	2,889.33M
Total liabilities	487.86M	976.27M	1,291.64M	1,332.67M	1,292.04M
Total equity	1,246.71M	1,396.34M	1,585.79M	1,630.67M	1,593.44M
Operating cash flow	200.29M	528.62M	122.26M	310.67M	226.47M

Valuation Measures

Dec 2018
PER	30.41
ROA	6.13%
ROE	11.14%
Operating margin	10.47%
Profit margin	7.20%

Key executives

President & Chief Executive Officer: Irwin C. Lee
Chief Financial Officer: Francisco M. del Mundo
Compliance Officer: Arlene Sta. Rosa-Denzon
Executive Vice President & Managing Director: Cornelio S. Mapa
Chief Strategy Officer & Senior Vice President: Bach Johann M. Sebastian

Shareholders

JG Summit Holdings, Inc. (55.2%)
First State Investment Management (UK) Ltd. (2.1%)
T. Rowe Price International Ltd. (1.7%)
The Vanguard Group, Inc. (1.4%)
First State Investments (Hong Kong) Ltd. (1.2%)
Genesis Investment Management LLP (1.0%)
BlackRock Fund Advisors (0.9%)
LGM Investments Ltd. (0.7%)
GOKONGWEI ELIZABETH YU (0.6%)
APG Asset Management NV (0.4%)

Contact Details

Website:http://www2.urc.com.ph
Address: 8th Floor, Tera Tower, Bridgetowne, E. Rodriguez Jr. Avenue, Quezon City, 1100, Philippines
Phone: +63.2.516.9888

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Competitors

San Miguel Food & Beverage, Inc.
San Miguel Corp.
Del Monte Pacific Limited
Aboitiz Equity Ventures Inc.
PepsiCo, Inc.
Kraft Heinz Company
Nestle S.A.
Lotte Corp
PT Mayora Indah Tbk
Mondelez International, Inc. Class A
Apollo Food Holdings Bhd.
Novartis AG
Procter & Gamble Company
Top Frontier Investment Holdings, Inc.
Pepsi Cola Products Philippines, Inc.
Roxas Holdings Inc.
Vitarich Corp.

Last Updated on 24 Jan, 2020