SM Investments

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SM Investments Corporation

Company type	Public
Traded as	PSE: SM
Industry	Conglomerate
Founded	1958; 66 years ago (1958), in Manila, Philippines[1]
Founder	Henry Sy
Headquarters	10th Floor, One E-Com Center, Harbor Drive Mall of Asia Complex, CBP-IA, Pasay, Philippines[2]
Area served	Philippines
Key people	Jose Sio (Chairman Emeritus) Amando Tetangco Jr. (Chairman of the Board) Teresita Sy-Coson (Vice Chairperson of the Board) Frederick Dy Buncio (President and CEO)
Subsidiaries	SM Prime Holdings SM Retail SM Land BDO Unibank and other subsidiaries
Website	SM Investments Corporation

SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests on various sectors, mostly on shopping mall development and management, retail, real estate development, banking, and tourism.^[3][4] Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines,^[5] being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.

It is the largest company in the Philippines in terms of market capitalization, and has repeatedly ranked as the top Philippine company in the Forbes Global 2000.^[6][7]

History

In 1958,

In April 2017, SMIC appointed Jose Sio as CEO.[10]

Subsidiaries

Retail

• SM Markets - a chain of food retail stores consisting of SM Supermarket, SM Hypermarket and Savemore.
• SM Store - a department store
• Walter Mart - a shopping mall owned by a joint venture between SM and a local company.
• Alfamart - a convenience store owned by a joint venture between SM and an Indonesian company.
• Specialty Stores - SM operates leading local retail chains such as
  Miniso, Watsons, Uniqlo,^[11]
  etc.
• Gentree Fund - a venture capital fund investing in early-stage all the way to pre-IPO companies.[12]

Banking

• BDO Unibank - one of the largest banks in the Philippines
• ChinaBank - the first privately-owned local commercial bank in the Philippines
  - (SM owns 30% of the company)

• SM Cinema - includes Director's Club Cinema, IMAX
  Theatre, WM Cinemas, Blink, ePlus, and Snack Time.
• SM Skating
• SM Game Park
• Exploreum
• SM Tickets
• SM Mall of Asia Arena is a venue which hosts concerts and other big events, opened on June 16, 2012. Its seating capacity is 16,000 and it hosted the 2013 FIBA Asia Championship. It is one of the largest arenas in the Philippines.
• SM Seaside Arena, the company's second arena is located in Cebu City.^[13] Plans for the arena were first made in 2013, but were reportedly canceled in 2017,^[14][15] but were eventually resumed later on. The arena is slated to open by 2025.
• SM Food Court
• SM Appliance Center

Leisure

• Costa del Hamilo Inc - is a large-scale eco-tourism project to develop in phases 5,700 hectares of land by the sea in Nasugbu, Batangas into a network of coastal resort communities.
• Highlands Prime, Inc. - is a residential developer in Tagaytay Highlands, a mountainside resort and residential complex.

Mining

• Atlas Consolidated Mining and Development Corporation - is engaged in gold mining operations.^[16]

Hotels and Convention Centers

• SM Hotels
  • Conrad Manila in Pasay
  • Taal Vista Hotel in Tagaytay City
  • Pico Sands Hotel in Nasugbu
  • Pico de Loro
  • Radisson Blu Hotel in Cebu
  • Park Inn by Radisson in Davao
  • Park Inn by Radisson in Clark
  • Park Inn by Radisson in North Edsa
  • Park Inn by Radisson in Iloilo
• SMX Convention Center
  (SMX) is a convention center used for hosting conventions, seminars, and conferences.
  • SM Mall of Asia complex in Pasay, opened on November 26, 2007
  • SM Lanang in Davao City, opened on September 12, 2012
  • Taguig City
    , opened on May 17, 2013
  • SM City Bacolod, opened in September 2014
  • SM Seaside City opened on 2015
  • SM City Clark
  • BMegatrade Hall in Mandaluyong
  • Cebu Trade Hall in Cebu City

Education

• National University at Manila - a private non–sectarian coeducational institution in Manila.^[17]
• Asia Pacific College - a joint venture between SM and IBM Philippines.^[18]

Gaming

• Belle Corporation is Henry Sy's foray into the gaming industry in the Philippines, hoping to capitalize on the future of Pagcor's entertainment city. It is the developer of leisure and tourism destinations in the country.^[19][20][16] - (SM owns 27%)

Other Investments and Affiliations

• 2GO - supply chain operating in shipping, freight, warehousing and express delivery.^[21] - (SM owns 67.2%)
• Airspeed - an end-to-end logistics solutions and express courier company.^[19][22] - (SM owns 51%)
• Atlas Consolidated Mining and Development Corporation - mining company with significant holdings of Philippine mineral resources.^[19][23] - (SM owns 34.1%)
• CityMall - commercial centers owned by a joint venture between SM and DoubleDragon Properties Corp.^[16] - (SM owns 34%)
• Goldilocks - a leading Filipino bakeshop heritage brand trusted by Filipino consumers for over 50 years.^[16] - (SM owns 74%)
• MyTown - Dormitories owned by Philippines Urban Living Solutions, Inc.^[16] - (SM owns 71.3%)
• National Grid Corporation of the Philippines (NGCP) - privately-owned power transmission company founded in January 15, 2009 through Republic Act (RA) 9511 that took over from National Transmission Corporation (TransCo) under Department of Energy (DOE) of the Philippine government during the administration of President Gloria Macapagal Arroyo which privatized the operations and maintenance of the Philippine power grid and its related assets and facilities. Assuming it secures a renewal, NGCP has a 50-year concession period from January 15, 2009 to December 1, 2058 to operate and maintain the country's power grid and its related assets and facilities. It is owned by SM Group, headed by Henry Sy Jr., in joint venture with the State Grid Corporation of China (SGCC) which has 40% of the total shareholdings.^[24] - (SM owns 60%)
• Neo - is the owner, developer, and manager of the Philippines' top certified green buildings located in Bonifacio Global City.^[19][25] - (SM owns 95% in Neo Subsidiaries and 34% in Neo Associates)
• Philippine Geothermal Production Company (PGPC) - geothermal development company owned by Allfirst Equity Holdings (AEH) ^[16] - (SM owns 100%)
• United Infrastructure Corporation (UIC) - infrastructure development company owned by a joint venture between SM and the
  Philippine media conglomerate and broadcasting company ABS-CBN Corporation under Lopez Holdings Corporation owned by the López family.^[16]
  - (SM owns 75.9%)

• Pilipinas Makro - A former warehouse club that most of its locations were converted to SM Hypermarket and SM Savemore.
• Supersale Club - A former annex that was located northeast of the SM North EDSA Complex. (The site of the building is now The North Towers)
• Equitable PCI Bank - A former bank which later merged with BDO.

Social involvement

SM Foundation

SM Foundation is the corporate responsibility arm of the SM Group of Companies. The foundation has various areas of advocacy: education, scholarship programs, building schools, disaster response, health care, medical missions, mobile clinics, and religious community projects.

SM Cares

SM Cares is a program created to consolidate and coordinate all of SM Prime's corporate social responsibility (CSR) initiatives. Carried out in all SM malls nationwide, SM Cares' CSR projects cover environmental conservation (energy, air and water), and assistance to customers of SM malls with special needs such as the disabled, special children, the elderly and nursing mothers.^[26]

References