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    SM   PHY806761029

SM INVESTMENTS CORPORATION

(SM)
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SM Investments : Airspeed bridges communities to bring critical relief to typhoon-hit areas

01/17/2022 | 05:05am EDT
Airspeed offered the use of its warehouses in Manila and Cebu for free for storage of relief goods to be transported to areas hit by Typhoon Odette.

Integrated logistics firm Airspeed, a part of SM Investments Corporation's portfolio investments, quickly responded to the call to bring relief to typhoon-stricken areas in the wake of Typhoon Odette (Rai).

Logistics plays a critical role in times of disasters. As soon as winds died down, Airspeed immediately offered its air freight forwarding services as well as its six and 10-wheeler trucks to bring tons of essential cargo such as power generator sets, bottles of water, mattresses, and rice to areas affected by the typhoon.

Airspeed offered the use of its warehouses in Manila and Cebu for free for storage of relief goods coming from various organizations nationwide to be consolidated and transported by air to the affected areas.

It also flew truckloads of bottled water immediately provided by SM companies to Cebu to help in relief operations in light of the water shortage in the typhoon-hit region.

"There were difficulties bringing items to various cities. But the spirit of Bayanihan (working together) came through. We were getting calls from all over asking to bring relief goods to Cebu, Surigao, Siargao, and Dinagat Islands," Airspeed Chairman and President Rosemarie P. Rafael said.

Inspiring People to Serve

With its own warehouse in Cebu affected by the typhoon, Airspeed swiftly sent supplies and assistance to its employees. It is currently taking care of housing repair requirements for employees whose houses were damaged by the typhoon.

"We needed to think and take care of our own people first. When we took care of their needs, you immediately saw that they were motivated to take care of the needs of others," Ms. Rafael said.

She recounted that there was a cargo of water that needed to be picked up at the airport on Christmas Day. With manpower short at the airport especially on a holiday, Airspeed employees willingly took on the task to pick up and deliver the critical goods to their destinations. "Our people were willing to do it on a holiday. The need was there and they did it and I am very proud of our Cebu team. I see their willingness to serve in spite of the challenges and the crisis," Ms. Rafael shared.

Bottles of water from SM companies en route to Cebu in the aftermath of Typhoon Odette were transported by Airspeed via land and air.

About Airspeed

Airspeed Group of Companies is a corporate logistics company focused in Freight Forwarding Solutions, Customs Releasing, Customized Logistics, Warehousing and Distribution, and Dedicated Demand. With its growing network, Airspeed aims to make it happen for all of its stakeholders, as it has for over 35 years. Founded in 1985 as an international air freight forwarder, Airspeed is now one of the country's most trusted and fastest-growing logistics brand serving the B2B and B2C market.

With the new services like Pinaspeed, an online pickup and delivery service; UnboxMe, a U.S. to Philippines shipping partner; SpeedFood/SpeedGrocer, a swift and reliable online multiservice platform providing delivery everywhere and anywhere needed; and SpeedGifts, an online gift delivery service that caters to Global Filipinos, Airspeed ensures to make it happen for you.

Contact Info

Visit www.airspeed.ph, or email us at info@airspeed.ph. Follow Airspeed on Facebook and @airspeedgroupph on Instagram.

Disclaimer

SM Investments Corporation published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 10:04:08 UTC.


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Sales 2022 478 B 9 123 M 9 123 M
Net income 2022 47 105 M 900 M 900 M
Net Debt 2022 354 B 6 766 M 6 766 M
P/E ratio 2022 21,7x
Yield 2022 1,10%
Capitalization 1 020 B 19 490 M 19 490 M
EV / Sales 2022 2,88x
EV / Sales 2023 2,66x
Nbr of Employees 65 187
Free-Float 45,4%
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Last Close Price 847,00 PHP
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Frederic Cuyegkeng DyBuncio President, CEO & Executive Director
Jose T. Sio Chairman, Chief Financial Officer & Executive VP
Wilson H. Go Senior Vice President-Information Technology
Wellington Palmero Senior VP, Chief Risk & Compliance Officer
Tomasa H. Lipana Independent Director
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