By Andrew Tan
(Message during the stockholders meeting of Alliance Global Group, June 17, 2021)
As a world-class Filipino conglomerate, Alliance Global Group, Inc. (AGI) has always been an active partner in national economic development, through our relentless pursuit of excellence in our core businesses, and through our significant investments in industries with potential for profitability and growth.
Our strong performance in the previous years has helped prepare us for the unforeseen challenges of 2020, all the more exacerbated by the impacts of the COVID-19 pandemic. A healthy cash position, coupled with a comfortable gearing, gave us the financial muscle to weather the strict two-month lockdown in 2020, all while still taking care of our employees, partners, and other key stakeholders.
The diversification of our operations, products, and services also helped the Group in extenuating the effect of the pandemic on the bottom line. These diversified investments span geographical developments in Metro Manila and key provincial areas, as well as our pursuits in the international spirits market. Our multiple sources of income have allowed our Group to balance our portfolio.
Together with our innovative offerings and digitalization strategy, AGI managed to mitigate the impact of the pandemic, bringing our consolidated revenue to PHP128.8 billion for 2020, with EBITDA of PHP32.6 billion, and an attributable profit of PHP8.8 billion.
While we remain true to the core of our vision and mission as a company, we also continue to support the nation in its ongoing fight against the COVID-19 pandemic. As a Group, AGI has already donated more than PHP4.1 billion to various efforts aimed at addressing this public health crisis. We continue to do this in the fervent hope that we will all rise together from this tribulation, stronger and better as a nation.
As we all navigate this new reality, one that presents a uniquely challenging business environment, AGI will continue to be at the forefront of leading change to ensure a future for all. While the environment where our businesses operate might have changed, our vision, mission, and values have not, and we remain steadfast in our commitment to excellence, agility and innovation.
We will continue to fortify our core businesses by fostering the leadership potential of our employees, bolstering the impact of our ongoing digital transformation initiatives, and maximizing the capabilities of our diverse businesses. Through these combined efforts, we can harness the strength and stability that has allowed AGI and its subsidiaries to withstand any storm—from regional financial crises to the global COVID-19 pandemic.
I would also like to take this time to personally thank all our shareholders, employees, partners and customers for their continued trust and support over the past year. Indeed, it was a tough year for everyone, not just businesses. Yet, together, we were all able to face a new year brimming with hope and anticipation for what is ahead of us.
Together, we can all rise above this crisis.
Together, we can lead change to ensure a better future for all.
