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PHILIPPINES: SM Investments Corporation marks its 11th year of going public

Pasay City, Philippines, 2016-Mar-25 — Shares of SM Investments Corporation (SM) reached new heights, closing at PHP994.50 on Monday, March 21 and an intraday high of PHP1,006 per share as it marked its 11th year of going public. SM shares were listed on March 22, 2005 with a price of PHP183.14 per share, adusted for capital changes during the 11-year period.

“Investors acknowledge the SM growth story. It’s commitment to the Philippines is apparent with its retail, banking and property footprint constantly expanding and harnessing the opportunities and synergies across its business to deliver optimal results for the past 11 years,” Corazon P. Guidote, SM Senior Vice President for Investor Relations said.

In 2005, SM had total assets of PHP169.9 billion and a market capitalization of PHP127.2 billion. As of end 2015, SM’s assets are worth over PHP771 billion with a market capitalization of over PHP 693 billion as of March 21.

Revenues also accelerated in the last 11 years for an average growth of 17.15% per annum with net income showing an average growth of 12.49% each year.

SM recently announced the plan to merge its retail arm, SM Retail Inc. (SM Retail) with several related retail companies which operate leading local retail chains including Ace Hardware, SM Appliance Center, Homeworld, Our Home, Toy Kingdom, Watsons, Kultura, Baby Company and several other specialty stores.

The combined entity will have 1,927 outlets and 2.4 million sqm of gross floor area across a diverse portfolio of food, household appliances, DIY, furniture, apparel, footwear, pharmaceuticals/cosmetics and specialty retailing stores. The portfolio will serve a wide range of Filipino consumer needs in both staple and discretionary goods categories and will continue to leverage extensive synergies across the SM group. Post-merger, SM will own 77.3% of the enlarged SM Retail Inc.

“Indeed, the story of SM has inspired and surprised many, ourselves included, as we witnessed its phenomenal growth from humble beginnings to what it has become today. SM is a story of leadership, innovation, commitment, focus and a collective effort to advance the great legacy that Mr. Henry Sy, Sr. built,” Jose T. Sio, SM Chief Finance Officer said during SM’s 10th listing anniversary last year.

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About SM Investments Corporation
SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM has evolved into one of the most highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SM’s retail operations enjoy a strong brand franchise consisting of The SM Store and its food retail chains namely SM Supermarket, SM Hypermarket, Savemore , WalterMart and Alfamart stores. SM’s property arm, SM Prime Holdings, Inc., is among the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank), the fifth largest. Combined, these two banks have a network of over 1,000 branches nationwide.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Tel. No. (632) 857-0117

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