1. Henry Sy
5/21/12
SPECIAL REPORT SUBMITTED
BY:
JOHN NG

2. Henry Sy (施至成)
 His original birth name Sy Chi Sieng
literally meant "to attain ultimate
success.“
 Born on December 25, 1924
 Remote village in Fujian
province, south China
 Known as the “Father of Philippine
Retail”
 He’s net worth according Forbes is
$8 billion in March 2012, #1
Philippines’ richest man

3. History (continued)
 His father left the family, when
he was still a toddler, for a
country that was then a US
territorial protectorate
 Came to the Philippines at the
young age of 12 to helped his
father in a small sari-sari
located in Carlos Palanca St. in
Quiapo , Manila
 Devised ways to increase his
income by developing small
portions of products.

4.  WWII came and the sari-sari
store was burned.
 He survived the loss of his
father’s two sari- sari stores at the
close of World War, the sari-sari
store was looted and burned
 He did a lot of buying and selling
of odd things during the war to
enable the family to survive.
 He got hurt while selling, and was
brought to the hospital by a
friend.
 He expressed his gratitude after
the war by making that friend his
partner in a shoe store.

5. History (continued)
 After the war ended in 1945, he
ventured into selling American
shoes
 He later saw the opportunities of
opening a shoe store, and not
long after he was managing three
shoe store in partnership with
friends.
 In 1950, with the pleasure of a
growing family he find a time
pursuing studies at FEU. He
earned his Associate of Arts
degree in Commercial Studies

6.  He went on a long business trip to the East
Coast, and came home with a lot of
merchandising ideas.
 He was selling a lot of shoes, accessories, and
leather goods, hoping to change the way shoe
manufacturers look at the industry.
 He decided to open SHOE MART “SM” the first
air-conditioned shoe store that merchandised
shoes in a very inviting and classy format
 With the success of that store, he went on to
open more shoe stores, but he could not get
enough suppliers
 He opened the first department store in 1972,
two months after Martial Law was declared.
 During the Martial Law years, he continued to
open more department stores, reaching a point
wherein he could not get space he needed in
the existing shopping centers during that time

7.  When they started the construction of their first mall in 1983, the Philippines was in the midst of
chaos. The economy was bad because of the assassination of Ninoy Aquino. Later, they expanded,
slowly building malls such as SM Sta. Mesa and Megamall, however, they were faced with delays in
construction due to cement shortages.
 When the 1997 Asian crisis came, they were planning the mall expansion, including the Mall of Asia,
which was then envisioned to be the biggest mall in the region, but was deferred due to the region wide
crisis.
 At about the same time, they looked into the banking business. Their main bank was Banco de Oro – a
medium-sized bank back then.
 Their business especially that of shopping centers is a long term business. It takes at least eight years
to pay back. They believed that the Filipinos who love shopping will always be around.
 They also have to continuously innovate; their other retail formats like supermarkets are continuously
evolving with the shopping habits of our customers.
 Their group’s policy is to look for opportunities at all times, and to be ready to act when it comes.
 Opportunity is where you find it, not where it finds you. Crisis and weakness indicate one can look for
opportunities. Transforming problems into opportunities can bring good returns.
 Prosperity and growth come only to a business that systematically exploits its potentials and
systematically optimizes its performances.

8.  “ There is no such thing as overnight success or easy
money. If you fail, do not be discouraged; try again.
When you do well, do not change your ways. Success
is not just good luck: it is a combination of hard
work, good credit standing, opportunity, readiness
and timing. Success will not last if you do not take
care of it .”
- Henry Sy

9. Family
 Wife: Felicidad Tan Sy
 Children : 6 children
 Teresita Sy-Coson  Herbert T. Sy
 Henry T. Sy Jr  Elizabeth T. Sy
 Hans T. Sy  Harley T. Sy

10. Teresita Sy-Coson
 One of the world’s most powerful women in business, is a
Chinese-Filipino owner of SM Investments Corporation. The
eldest, she was groomed by his father as his successor. She is
considered as one of the most prominent people in the
Philippines as mentioned in the list of Philippine Tatler’s
“Who’s Who of the Philippines”.
 A student at the Assumption College, she started doing part-time work in one of the
SM stores. In 1990 Sy-Coson, then 39 was appointed president of Shoemart, Inc.
 A woman successor of his Henry Sy, she holds several key positions within the
organization. She is vice-chairman of Investments Corporation, the SM Group’s
holding company, which set the record for largest Philippine initial public offering
in 2005; the president of SM, Inc., which handles the group’s department store
business; and director of SM Prime Holdings, which owns and operates its chain of
supermalls. She is also vice-chairman of Equitable PCI Bank, which recently
merged with Banco de Oro Universal Bank, SM’s main bank. When the merger
takes full effect, she will be chairman of the merged bank, BDO EPCI Bank.

11. Henry Sy, Jr.
 Henry T. Sy, Jr. is Vice Chairman and Chief
Executive Officer of SM Development Corporation.
He is also the Chairman for Pico de Loro Beach and
Country Club, Inc. Vice Chairman and President of
SM Land, Inc., Vice Chairman for SM Investments
Corporation, Belle Corporation and Highlands
Prime, Inc., Director for SM Prime Holdings, Inc.
and Banco de Oro Unibank, Inc.
 He is responsible for the real estate acquisitions and
development activities of SM Group which includes
the identification, evaluation and negotiation for
potential site as well as the input of design ideas. He
holds many key positions in the SM Group. He
graduated with a management degree from De La
Salle University.

12. Hans Sy
 Hans T. Sy has been the First Executive Vice President of Sm
Investments Corp. since 2005. Mr. Sy serves as President of SM
Prime Holdings, Inc., and Executive Vice President of ShoeMart Inc.
Mr. Sy serves as President of Shopping Center Management
Corporation. He heads the shopping mall operations and the
engineering and construction divisions within the SM Group. He
served as Senior Vice President of Operations of SM Prime
Holdings, Incorporated since 1994. He serves … as Chairman of
Tagaytay Highlands International Golf Club Incorporated.
 He serves as Chairman of Family Entertainment Center, Inc., Wonderfoods, Inc., Linde Refrigeration
Phils., Inc. He serves as Vice Chairman of China Banking Corporation. He served as Vice Chairman of
Highlands Prime of Incorporated and Belle Corp. Mr. Sy has been Director of Belle Corp. since May
28, 1992, China Banking Corp. since 1986 and SM Prime Holdings Inc. since 1994. Mr. Sy serves as
Director of SM Investments Corporation, SM Development Corporation and Sinophil Corp., and
Supervalue, Inc. He has been a Director of Highlands Prime, Inc. since September 1, 2004. Mr. Sy
serves as director in affiliates/subsidiaries and other corporations such as Best Rubber Corp.; ACE
Hardware Phils. Inc.; HS Food, Inc.; Land Building Corp.; Market-Watch Investors Co., Inc.; Multi-
Realty Dev’t. Corp., among other corporations. He served as an Independent Director of Macroasia
Corporation from July 1999 to 2006. He served as a Director of Fortune Cement Corporation, Pure
Foods Corporation and Banco De Oro.
 Mr. Sy holds a Bachelor of Science degree in Mechanical Engineering from De La Salle University.

13. Herbert Sy
 Herbert T. Sy is from a family that is widely recognized
in giving rise to the SM phenomenon and transforming
the Filipino lifestyle and their shopping experience,
comes a tycoon who is nothing less of an authority in
retailing, entrepreneurship and business development as
his predecessors.
 Mr. Herbert Sy currently holds top positions in a number of corporations across
various industries. He is currently the director of Shoemart Inc., which boasts of 31
malls marked as landmarks in key cities across the country, and President of
SuperValue, Inc. which handles all the SM Supermarkets. He is a director of SM
Appliance Center, SM Prime and Makro Philippines and also the Director and
Executive Vice-President of SM ACA.
 Mr. Sy is also currently a Director of China Bank Corporation & Best Rubber
Corporation and Chairman of Sondrik Holdings Corporation.
 Real property development is also included in his roster of business ventures as he
is the director of Multi-Realty Development Corporation, Tagaytay Resort
Development Corporation and Ortigas Center Association.
 Herbert Sy received his business management degree from De La Salle University in
1979.

14. Elizabeth Sy
 Elizabeth T. Sy has been a Senior Vice President of Marketing
at SM Prime Holdings Inc. since 1994. Ms. Sy has been a
Treasurer of SM Investments Corp., a subsidiary of SM Prime
Holdings Inc., since 2005. She is actively involved in investor
relations for SM Prime. She is also actively involved in the SM
Group’s tourism and leisure business endeavors, overseeing
operations as well as other marketing and real estate
activities. She has been a Director of SM Development …
Corp., since April 2008. Ms. Sy serves as a Director of Banco
De Oro Private Bank.
 She is a Graduate in Business Administration from Maryknol
College.

15. Harley Sy
 Harley T. Sy has been the President of SM Investments Corp.,
since 2005 and serves as its Chief Executive Officer. Mr. Sy
also serves as Executive Vice President of ShoeMart Inc., a
subsidiary of SM Investments Corp. He served as Senior Vice
President and Treasurer of SM Prime Holdings Inc., from
1994 to February 20, 2007. Mr. Sy was involved in the
merchandising area of the SM Department Store, as well as
retail affiliates within the SM Group. He takes an active role
… in Mall leasing. Mr. Sy has been a Director/Officer for more
than five years in companies engaged in banking, retailing,
food, real estate development, finance and investment. Mr. Sy
has been a Director of China Banking Corp., since May 2001
and SM Investments Corp., since 1993.
 His directorships include the following: ACE Hardware Phils.,
Shoemart Inc., and H.S. Food, Inc., among other
corporations. HSY, HTS, HS and HTS, Jr. are related within
the 2nd civil degree by consanguinity. He served as a Director
of Equitable PCI Bank Inc., since August 2005. He served as a
Director of Vantage Equities, Inc.
 Mr. Sy holds a Bachelor of Science degree in Commerce,
major in Finance from De La Salle University.

16. Achievements
 Was named "Management Man of the
Year" by the Makati Business Club and
was conferred an Honorary Doctorate
in Business Management by De La
Salle University- Manila in January
1999.
 Was awarded the first special
recognition as the "Father of Philippine
Retail" in December 2005 by the
Philippine Retailers Association.
 Was considered a Tai-Pan or tycoon of
Asia.

17. Achievements (continued)
Sy's net worth according to Forbes Asia topping the
Philippines rich list from year 2008 to 2012:
2008 2009 2010 2011 2012
$3.1 $4.0 $5.0 $7.2 $8.0

18. SM Supermalls List:
1. North EDSA 15. Lucena 29. Taytay Supercenter
2. Sta Mesa (Centerpoint) 16. Marilao 30. Muntinlupa
3. Megamall (Ortigas) 17. Baguio 31. Baliuag
4. Cebu 18. Dasmarinas 32. Marikina
5. Southmall (Las Pinas) 19. Batangas 33. Naga
6. Bacoor 20. San Lazaro Supercenter 34. Calamba
7. Fairview 21. Valenzuela Supercenter 35. Tarlac Urdanet
8. Iloilo 22. Molino 36. Laoag Supercenter
9. Manila 23. Santa Rosa 37. San Pablo Supercenter
10. Pampanga 24. Clark 38. Rosales
11. Sucat 25. Mall of Asia 39. Dagupan Supercenter
12. Davao 26. Supercenter Pasig 40. Meycauayan
13. Bicutan 27. Lipa Supercenter
14. Cagayan De Oro 28. Bacolod 41. Tagaytay Supercenter
42. Dumaguete

19. Titles
 Founder of SM Group
 Chairman and CEO of:
 SM Investments Corporation,
 SM Prime Holdings,
 SM Development Corporation
and Highlands Prime Holdings,
 Chairman Emeritus,
 Banco de Oro,
 Honorary Chairman and China
Banking Corporation

20. References:
1. http://wiki.answers.com/Q/What_is_the_life_history_of_Henry_Sy
2. http://www.affordablecebu.com/forum/9-7-1
3. http://www.millionaireacts.com/676/henry-sy-success-story.html
4. http://dreamridden.blogspot.com/2009/01/henry-sy-story.html
5. http://www.pinoybisnes.com/filipino-entrepreneur/henry-sy-father-of-
philippine-retail/
6. http://www.authorstream.com/Presentation/aSGuest108934-1137526-
henry-sy-ppt/
7. http://www.people.nfo.ph/business/businessman/henry-sy-sr/
8. http://www.pinoyweb.info/henry-sy-sr/
9. http://www.tinedyer.com/the-secret-of-henry-sys-success/
10. http://www.forbes.com/lists/2007/86/biz_07philippines_Henry-Sy-
family_8U2J.html
11. http://en.wikipilipinas.org/index.php?title=Henry_Sy