Annual Shareholders Presentation. 12 May 2014

Transcription

1 Annual Shareholders Presentation 12 May 2014

2 Strong cashflow, consumer play Leading BPO office space provider Multiple locations, multiple brands Diversified hospitality portfolio

3 MAJOR DEVELOPMENTS Recent Business Accolades Robinsons Land was awarded by Euromoney as the Overall Best Managed Company in the Philippines &

4 MAJOR DEVELOPMENTS Recent Business Accolades International Property Awards Asia Pacific Magnolia Town Center (Best Mixed-Use Development in the Philippines) Signa Designer Residences (Best Residential High-Rise Development in the Philippines) Philippine Retailers Association Shopping Center of the Year Robinsons Magnolia (Medium Malls Category) Philippine Property Awards Best Commercial Development Magnolia Town Center International Alternative Investment Review Excellence in Real Estate Development Philippines BCI Asia Top 10 Awards Recognized as one of the top developers with greatest impact on the built environment in Southeast Asia Philippine Quill Awards Best in Business Communication Robinsons Malls Tenant Conference (Special Events Category) Asia Pacific Real Estate Association Best Practices Award Best First-Year Entrant CNBC Asia Mr. Frederick D. Go - Finalist for CNBC s 12th Annual Business Leaders Awards Asia CEO Awards Finalist for Global Filipino Executive for Mr. Frederick D. Go Finalist for Integrated Marketing Communications for Magnolia Town Center Quezon City Government - Quezon City Hall of Fame 4

5 A LEADING PHILIPPINE PROPERTY COMPANY GDP Growth Rate 7.6% Residential Projects Ilocos Norte Residential Project s Office Buildings Hotels Condominiums 7.2% 3.9% Nueva Ecija 6.6% Pangasinan Tarlac Pampanga Bulacan National Capital Region Batangas Mall Population (in millions) s Residential Projects Rizal Residential Projects Laguna s Cavite s Hotel Residential Projects Hotel s Residential Projects * Based on Estimates OFW Remittances (in US$B) Leyte Hotel Hotel Palawan s Hotel Office Cebu Iloilo Negros Occidental s Hotel Dumaguete Misamis Oriental Condominiums Residential Projects Residential Projects 13.0 Tourist Arrivals (in millions) Davao del Sur South Cotabato Residential Projects Agusan del Norte Go Hotel BPO Revenues (in US$B)

6 DIVERSIFIED BUSINESS MODEL Shopping Malls Office Buildings INVESTMENT PORTFOLIO 6 Residential Hotels DEVELOPMENT PORTFOLIO FY 1HFY2014 FY 1HFY2014 Revenue Contribution 64% 65% 36% 35% EBITDA Contribution 82% 84% 18% 16% EBIT Contribution 76% 78% 24% 22%

7 INCOME STATEMENT HIGHLIGHTS vs. SPLY 1H FY14 vs. SPLY Revenues 15, % 8,459 +7% Cost and Expenses 9, % 4,012 +7% Php millions EBITDA 8, % 4,447 +6% EBIT 5, % 3,155 +5% Income before Tax 5,979 +7% 2,909-6% FY Highlights Strong revenue growth of 18% due to strong operating performance of all divisions, led by Malls and Residential divisions Net Income at PhP4.5B, a 5% growth vs FY EBITDA at PhP8.4B, a 15% growth vs FY 1HFY2014 Highlights Net Income 4,468 +5% 2,237-8% Stable revenue growth of 7% due to strong operating performance led by Malls FY CONTRIBUTION REVENUES 7 EBIT

8 STRONG BALANCE SHEET POSITION (as of March 31, 2014) TOTAL ASSETS (PhP MM) SHAREHOLDER S EQUITY (PhP MM) 80,056 74,886 70,647 46,573 RETURN ON EQUITY 9% 9% 49,395 51,632 CURRENT NET DEBT TO EQUITY 23% 9% 26% 13% 8

9 REVENUES 15% 12% 7,390 6,429 3,577 3,990 1H EBITDA 13% 12% 5,063 4,492 2,464 2,761 1H EBIT 7% 2, % 3,202 1,582 1,757 1H Second largest mall operator in the Philippines with 37 malls 1,025,000 sqm in GLA 1,900,000 sqm in GFA 95% latest system-wide occupancy Approximately 7,000 retailers Same mall revenue growth has been tracking 8% in the past 5 years

10 5 New Malls (as of March 31, 2014) Land Area: 78,900sqm GFA: 41,516sqm GLA: 26,098sqm Land Area: 74,800sqm GFA: 37,402sqm GLA: 22,884sqm 10 Land Area: 23,300sqm GFA: 17,076sqm GLA: 9,646sqm Land Area: 26,100sqm GFA: 67,621sqm GLA: 27,131sqm Land Area: 48,700sqm GFA: 39,219sqm GLA: 26,212sqm

11 REVENUES 4, EBITDA CAGR: +12% CAGR: +16% 5,312 5,759 6,429 7,390 3, ,713 3, CAGR: +5% CAGR: +12% ,063 GLA EBIT 2,048 4,492 2,324 2,466 2,999 3, , , , , ,

12 REVENUES 3% 1,440 1,398 2% H EBITDA 3% 2% 1,386 1, H EBIT 5% ,009 3% H A leading BPO office space provider with 273,000 sqm net leasable space Total occupancy is 98% Increased space by 41% or 80,000 sqm in FY 2014 Dominant landlord in the Ortigas Central Business District

13 Cyberscape Alpha 33% Leased Out 13 Cyberscape Beta 55% Leased Out

14 REVENUES 1,112 1, EBITDA CAGR: +7% 1,335 1,398 1,440 CAGR: +8% 1,032 1,140 1,302 1,345 1, GLA EBIT CAGR: +4% CAGR: +8% 193, , , , , ,

15 FY Revenue Contribution REVENUES 8% 13% 1,497 1,384 16% 2% H INTERNATIONAL BRANDS INTERNATIONAL BRANDS EBITDA 19% 3% SUMMIT HOTELS H EBIT 26% % H 71%

16 FY New Hotel 16 FY New Hotel (as of March 31, 2014) Location: Paco, Manila Location: Downtown District of Iloilo City Started Operations: June Started Operations: December No. of Rooms: 118 No. of Rooms: 167

17 SALES TAKE-UP 50% 8,623 5, ,819 3, ,160 1, H 5,404 30% 3% , , ,054 1,398 REALIZED REVENUES 5,578 4% 4,304 2,850 2,948 1H Net pre-sales FY at PhP8.62B, 50% higher vs sply 2 new and 6 expansion projects for FY EBITDA amounted to PhP1.5B, +40% YoY EBIT amounted to PhP1.4B, +41% YoY Realized Revenues FY amounted to PhP5.6B

18 AmiSa Private Residences Sonata Private Residences Robinsons Place Residences Gateway Garden Ridge Brighton Parkplace Fifth Avenue Place Woodsville Viverde Mansions Brighton Parkplace North McKinley Park Residences Centennial Place The Fort Residences Bloomfields Novaliches Signa Designer Residences Galleria Regency The Magnolia Residences Vimana Verde Residences Fernwood Parkhomes Escalades at 20th Avenue Forest Parkhomes Escalades South Metro Adriatico Place East of Galleria Grand Tierra The Pearl Place Gateway Garden Heights Axis Residences One Gateway Place Escalades East Tower Otis 888 Acacia Escalades Robinsons Vineyard Southsquare Village Aspen Heights Fresno Parkview Forest Parkhomes North Hillsbourough Pointe The Wellington Courtyard The Trion Towers Mirada Dos Rosewood Parkhomes Richmond Hills Robinsons Highlands Montclair Highlands Robinsons Homes East Bloomfields Tagaytay San Lorenzo Homes Blue Coast Residences The Sapphire Bloc San Jose Estates Bloomfields Davao Woodsville Residences St. Bernice Estates Azalea Place Bloomfields Cagayan De Oro Gateway Regency Radiance Manila Bay 18 Hanalei Heights Robinsons Residenza Milano Nizanta at Ciudades

19 Bloomfields Cagayan De Oro Cagayan De Oro Radiance Manila Bay North Tower The Sapphire Bloc West Tower Manila Pasig City Bloomfields Heights Lipa Lipa City Axis Residences Mandaluyong City 19 Acacia Escalades Pasig City The Peal Place Pasig City Bloomfields General Santos General Santos City

20 CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 13,433 6,227 1,741 2,780 1,706 FY 3,439 3,732 11,310 4,945 6,262 3,534 2,831 FY FY 14,274 4,945 3,534 16,000 9,600 2,831 4,000 2,400 FY FY2014B LANDBANK (as of 31 Mar 2014) SUMMARY Malls Condominiums* Offices* Homes* Hotels TOTAL Area (has.) ESTIMATED VALUE Metro Manila Luzon Visayas Mindanao 6.1 TOTAL *Some properties with Joint Venture partners 20 PhP Bn Investment Capex Development Capex Land Acquisition

21 MOVING FORWARD Future Plans & Strategies +7% +18% 913,000 1,077,000 1,150, % 1,292, ,000 Gross Leasable Area (sqm) FY FY Mall Expansion 7 New Malls FY New Mall FY New Malls 2 Expansion Currently evaluating opportunities for 4 new Summit Hotels # of Rooms 233 FY +274% 639 FY +18% 757 FY Otis Mandaluyong Palawan Dumaguete Manila Tacloban Bacolod % 1, % 1,411 Net Leasable Area (sqm) FY +41% 273, ,000 FY2014 FY2016 Iloilo Alpha Ortigas FY2015 Davao Butuan +11% 343,000 FY New Office Buildings 1 New Office 1 New Office Cyberscape Alpha Building Building Cyberscape Beta Bridgetowne Bridgetowne Beefed up sales force and increased marketing efforts Sales Take Up (PhPMM) 3,819 FY % 1H 3,924