Company: Filinvest Land Inc
Company Description: Filinvest Development Corp. (FDC) is one of the leading, stable and diversified conglomerates in the Philippines. Through its diverse businesses, FDC has established a strong reputation as a dependable partner in economic development. FDC currently has strategic holdings in key industries such as banking and financial services, real estate development and leasing, hotel and resort management.
Nomination Category: Individual Awards Categories
Nomination Sub Category: Female Executive of the Year in Asia, Australia or New Zealand
 Nomination Title: Josephine Gotianun-Yap, President and CEO
- Which will you submit for your nomination in this category, a video of up to five (5) minutes, explaining the achievements since July 1, 2020 of the nominated woman, OR written answers to the questions? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video. If you are submitting written answers to the questions for this category, provide them in the spaces below:
- Briefly describe the nominated individual: history and past performance (up to 200 words):
Total 198 words used.
Josephine Gotianun-Yap is President and CEO of Filinvest Development Corp. (FDC), one of the country’s largest conglomerates, and Filinvest Land Inc. (FLI), a leading property developer. She became the President of FDC in 2000 and held important positions in its subsidiaries. FDC has since recorded milestones in 2008, Chroma Hospitality Inc., a full-service hotel management company was formed and now manages Crimson and Quest. In 2009, FDC Utilities, Inc. (FDCUI) poised to provide energy at better pricing was incorporated. FDCUI inaugurated the 405MW Circulating Fluidized Bed Power Plant in Misamis Oriental in 2016. 2012 marked the listing of East West Bank with the PSE and is now considered one of the most prominent players in the retail banking industry. Under her watch, the Group expanded its property business beyond its traditional housing market to commercial developments, including the 244-hectare Filinvest City in Alabang, Muntinlupa home to Festival Mall, the largest regional mall in Southern Metro Manila and Northgate Cyberzone, a pioneering, PEZA-registered IT-BPO business hub.
2010-2019 FINANCIAL GROWTH HIGHLIGHTS FOR FDC
4.4x Revenue Growth
Revenue CAGR of 18%
Net income CAGR of 14% FLI
2.2x Revenue Growth
Revenue CAGR of 16%
Net income CAGR of 12%
- Outline the nominee's achievements since July 1 2020 that you wish to bring to the judges' attention (up to 250 words):
Total 250 words used.
The company's financial performance for 2021 is a testament to her strategic leadership. Despite the pandemic, FDC still experienced growth with assets valued at ₱ 648.015 billion and stockholders' equity of Php 141.606 billion. It boasts of a diversified earnings stream balanced between defensive and cyclical industries that protected it against volatility.
FDC’s market capitalization is currently at P61 Billion while FLI's is at Php 22.3 billion. The Group's latest venture is the P12.6 billion IPO of Filinvest REIT Corp. where Gotianun-Yap sits as Chairman. Currently, It has a market capitalization of P33.2 Billion.
Gotianun Yap is also responsible for the group’s accelerated digitization with its biggest move being her establishment of f(dev), the conglomerate’s digital venture builder & innovation factory that invest in pioneering startups and technologies—zooming in on areas such as Financial Technology, PropTech, Travel & Hospitality Tech, B2B & B2C Platforms, Data and AI, and Infrastructure. Notably, f(dev) was instrumental in the launch of Investree Philippines, the country’s first securities crowdfunding platform to receive a license from the SEC.
With her in charge, Filinvest Land, FDC’s subsidiary, won as one of the top 10 developers in the Philippines for 2020 and 2021 under the BCI Asia Awards. It also won as Best Developer for North Luzon and Mindanao at the 2021 DOT Property Awards. A testament to all of these achievements is her win as Circle of Excellence for Global Filipino Executive of the Year Award at the 2021 Asia CEO Awards.
- Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 74 words used.
Josephine Gotianun-Yap President and CEO Filinvest Development Corp - for complete info on historical and recent achievements
FDC Annual Report 2021 and 2020 - for complete recap of FDC's financial performance, highlights, and future plans
Online press articles and press releases of FLI's awards with DOT Property and BCI Asia
Josephine Gotianun-Yap Asia CEO Award - for photo of ASIA CEO trophy for Circle of Excellence Global Filipino Executive of the Year Award 2021
- Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the nominee's past performance (up to 250 words):
Total 194 words used.
Revenues from the residential segment rose by 14 percent to P12.0 billion driven by the high reservation sales of the affordable and middle-income housing projects and construction progress. Retained earnings of its listed subsidiary FLI increased by 31 percent as a result of the gain recognized upon the listing and sale of 36.7 percent of the shares of Filinvest REIT Corp. (FILRT). FILRT was listed on the Philippine Stock Exchange on August 12, 2021 as the financial platform for the group’s commercial assets. FILRT has the distinction of being the first sustainability themed REIT on the exchange. It is also the third player to enter the market with attractive yields for its investors.
FDC Utilities, Inc. (FDCUI), FDC’s power subsidiary, registered a net income of P2.1 billion in 2021 or a 6 percent improvement from the previous year on the back of revenues that grew by 12 percent to P9.4 billion.
Established f(dev), a digital innovations and ventures unit to accelerate and drive digitization projects across the group. FDC is investing in and developing new and emerging technology-based business models to complement its current capabilities and reach underserved market segments.
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