ALLIANCE Worldwide Group, Inc. (AGI) stated its diverse companies were able to mitigate the effect of the coronavirus disease 2019 (COVID-19) pandemic because to global operations.
“Its company has been able to balance our portfolio thanks to our various sources of revenue. AGI was able to minimize the effect of the pandemic because to our creative products and digitization strategy,” Andrew L. Tan, chairman of AGI, said during the company’s annual shareholders’ meeting on Thursday.
In 2020, the publicly traded company earned P8.8 billion in attributable profit, with consolidated sales of P128.8 billion.
The epidemic, according to AGI Chief Executive Officer Kevin Andrew L. Tan, “validated the soundness of [its] companies, as well as the efficacy of the group’s strategy.”
“To date, The Dalmore, Jura, and Tamnavulin have entered the Top 25 Single Malt Brands list, while all of Whyte & Mackay’s single malt whisky brands are expanding throughout the United Kingdom, Europe, the United States, Canada, and Asia,” he added.
Emperador, Inc., a spirits manufacturing company, generated 41% of AGI’s consolidated sales in 2020, thanks to strong expansion in a variety of regions.
Emperador Brandy, which has a distribution footprint in 61 countries, will be expanded via the same route to market established by Whyte and Mackay, according to the firm.
Meanwhile, Megaworld Corp.’s real estate division, Megaworld International, had strong property sales. Megaworld’s residential developments outside of Metro Manila also contributed more to the company’s overall revenue.
“Our projects outside of Metro Manila now account for more than 30% of our real estate sales,” the CEO said, adding that provincial projects are now the company’s main source of reservation sales.
“We anticipate that when we launch additional provincial projects in the future, this contribution will increase even more since we expect economic growth to extend outside of Metro Manila as our country’s infrastructure improves,” he said.
Arden Botanical Village in Tanza, Cavite; the Pinnacle from the Iloilo Business Park township; and Bacolod-based One Manhattan in its Upper East Township were all popular Megaworld developments last year.
Megaworld has more than 4,300 hectares of developable land in its landbank and is seeking to build additional township projects outside of the capital area.
Meanwhile, Travellers International Hotel Group, Inc. has renovated its Garden Wing to match its Grand Wing, allowing Resorts World Manila to better serve its customers in the “new normal.”
Golden Arches Development Corp., the operator of McDonald’s Philippines, has launched new items such as Taste of Korea products and the BTS meal, capitalizing on the popularity of K-pop megaband BTS.
AGI said it is considering freestanding shops with drive-thrus and its own delivery system for new McDonald’s restaurants this year.
Mr. Tan, the company’s CEO, said, “It would be great if there were also facilities for outside open areas for alfresco eating.”