Alliance Global Group Inc. · PSE:AGI

Alliance Global — H1 2008 Earnings Presentation

32 slides from Alliance Global's earnings presentation, 2008

  1. Slide 1: Alliance Global Group, Inc. 1H 2008 Results

    Alliance Global Group, Inc. 1H 2008 Results 1

  2. Slide 2: Financial highlights

    Financial highlights Revenue Net income CAGR: 43.4% 27,296 Net income CAGR: 59.3% Net to AGI CAGR: 64.8% YoY Growth: 11% 19,867 5,033 YoY Growth: 26% 14,573 14,039 12,599 9,261 2,905 3,293 2,668 2,111 1,579 1,729 1,697 1,167 1,234 736 933 1,740 646 1,176 877 971 431 2004 2005 2006 2007 1H 07 1H 08 2

  3. Slide 3: Solid balance sheet

    Solid balance sheet Debt profile Capitalization ratio 15% 13% 14% 14% 22% 25,537 24,067 85% 87% 86% 86% 78% 13,055 8,400 7,168 7,471 4,590 4,363 3,269 1,973 2004 2005 2006 2007 1H 08 Debt Cash 2004 2005 2006 2007 1H 08 Equity Debt Source: Company information on a proforma consolidated basis 2004 - 2

  4. Slide 4: Compelling revenue and net income growth

    Compelling revenue and net income growth Revenue EBITDA Net income Total net income AGI CAGR: 59.3% CAGR: 43.4% CAGR: 47.7% Net income to AGI CAGR: 64.8% 27,296 8,087 5,033 19,867 YoY Growth: 11% YoY Growth: 14% YoY Growth: 26% 5,295 2,905 3,293 14,573 14,039 2,668 4,002 12,599 2,111 3,324 3,507 1,7

  5. Slide 5: 1H 2008 Results

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  6. Slide 6: Revenue Breakdown

    Revenue Breakdown 1H 2008 1H 2007 Real Estate Rental Income Rental Income 9% Real Estate 78% 74% 8% Hotel Operations Hotel Operations 2% 2% Interest & Other Interest & Other 11% 16% (in Php thousands) 1H 2008 % Change 1H 2007 Real Estate Revenues 5,842,317 32% 4,442,764 Rental Income 645,016 42% 455

  7. Slide 7: Revenues

    Revenues (in thousands) 1H 2008 1H 2007 % Change Real Estate Sales 5,280,166 4,045,882 31% Interest Income on Real Estate Sales 308,382 198,950 55% Realized GP 253,769 197,932 28% Rental Income 645,016 455,731 42% Hotel Operations 122,990 118,397 4% Interest, Dividend & Other Income 896,183 996,986

  8. Slide 8: Income Statement

    Income Statement (in Php thousands) 1H 2008 1H 2007 % Change Real Estate Sales 5,280,166 4,045,882 31% Interest Income on Real Estate Sales 308,382 198,950 55% Total Real Estate Sales 5,588,548 4,244,832 32% Cost of Real Estate Sales 3,623,524 2,728,445 33% Gross Profit on Real Estate Sales 1,965,02

  9. Slide 9: Margin Calculation

    Margin Calculation (in Php thousands) 1H 2008 1H 2007 % Change Real Estate Sales 5,280,166 4,045,882 31% Interest Income on Real Estate Sales 422,408 210,147 101% Total Real Estate Sales 5,702,574 4,256,029 34% Cost of Real Estate Sales 3,623,524 2,728,445 33% Gross Profit on Real Estate Sales 2,079

  10. Slide 10: Solid Balance Sheet

    Solid Balance Sheet Net Cash Position (in Php millions) 25,000 21,424 21,357 19,029 20,000 13,638 15,000 9,982 10,088 8,449 8,588 8,901 10,000 7,104 7,286 7,083 5,000 0 1Q 2007 1H 2007 9M 2007 FY 2007 1Q 2008 1H 2008 Debt Cash 10

  11. Slide 11: Real Estate Sales: MEGA Projects Driving Growth

    Real Estate Sales (in Php) 1H 2008 % of Sales 1H 2007 % of Sales Eastwood City 524,361,012 10% 444,073,311 11% Forbes Town Center 1,517,369,526 29% 2,525,664,487 62% McKinley Hills 926,623,210 18% 784,051,389 19% Newport City 1,408,594,699 27% 110,182,084 3% Manhattan Garden City 426,755,063 8% - -

  12. Slide 12: Reservation Sales Estimates

    Reservation Sales Estimates Php (in Billions) 25 ’05-’08 CAGR: 49% YoY 24 20 Growth: 26% 19.1 YoY 15 Growth: 85% ’03-’05 CAGR: 15% Actual YoY 10 Growth: 41% 10.3 1H08 13.4 5 6.5 7.3 5.5 0 2003 2004 2005 2006 2007 2008E Reservation Sales (RS) 2003 2004 2005 2006 2007 2008E RS (Beg) 6.62 9.75 13.85 18

  13. Slide 13: Reservation Sales

    Reservation Sales Project As of 1H 2008 As of 1H 2007 (in Php except units) Units Amount Units Amount Eastwood City 297 1,618,557,604 342 1,262,336,947 Forbes Town Center 351 2,642,350,088 306 1,733,484,563 McKinley Hills 463 1,961,116,752 717 2,674,495,591 Newport City 696 2,915,731,664 464 1,228,0

  14. Slide 14: Breakdown of Reservation Sales

    Breakdown of Reservation Sales (in Php except units) Project As of June 2008 As of June 2007 % Sold Eastwood City Units Amount Units Amount as of End June 2008 Eastwood Excelsior 1& 2 - - 2 5,439,550 100% Eastwood Parkview 1& 2 9 64,543,123 9 45,785,149 98% Eastwood Park Hotel and Residential Suites

  15. Slide 15: Breakdown of Reservation Sales

    Breakdown of Reservation Sales (in Php except units) As of June 2008 As of June 2007 % Sold McKinley Hills Units Amount Units Amount as of End June 2008 McKinley Hill Village - Lots 44 470,887,699 64 604,441,135 94% McKinley Hill Garden Villas - Phase 1 & 2 24 241,550,448 78 710,145,294 87% One Stam

  16. Slide 16: Breakdown of Reservation Sales

    Breakdown of Reservation Sales (in Php except units) As of June 2008 As of June 2007 % Sold Manhattan Garden City Units Amount Units Amount as of End June 2008 Manhattan Parkway Tower 1 - 3 190 439,483,413 505 1,258,231,136 94% Manhattan Parkview Tower 1 - 3 254 944,654,912 - - 62% Total 444 1,384,1

  17. Slide 17: BPO Office Developments

    BPO Office Developments 2008 (in Sqm) Project Name Leasable Area Status Current Inventory: 8 Park Avenue Building A 10,829 completed 229,124 sqm 8 Park Avenue Building B 10,829 on-going Two World Square 21,294 completed End 2008 Inventory: Three World Square 21,151 completed 274,671 sqm 1880 Eastwoo

  18. Slide 18: BPO Offices in McKinley Hill in 2007

    BPO Offices in McKinley Hill in 2007 One World Square 2007 3Q –30,500 sqm 90% Leased 19

  19. Slide 19: BPO Offices in McKinley Hill in 2008

    BPO Offices in McKinley Hill in 2008 Two World Square Three World Square 2Q 2008 - 21,294 sqm 3Q 2008 21,151 sqm 85% Pre-leased 75% Pre-leased 20

  20. Slide 20: BPO Offices in McKinley Hill in 2008

    BPO Offices in McKinley Hill in 2008 8 Park Avenue A 2Q 2008 – 10,829 sqm. 100% Pre-Leased 21

  21. Slide 21: BPO Offices in Eastwood in 2008

    BPO Offices in Eastwood in 2008 1880 Eastwood Avenue Total Area: 34,718 sqm. 22

  22. Slide 22: BPO Offices in McKinley Hill in 2009

    BPO Offices in McKinley Hill in 2009 8/10 & 18/20 Upper McKinley 8/10 Upper McKinley – 18,216 sqm 18/20 Upper Mckinley – 18,216 sqm 23

  23. Slide 23: BPO Offices in McKinley Hill in 2009

    BPO Offices in McKinley Hill in 2009 Commerce & Industry Plaza Total Area: 21,170 sqm. 24

  24. Slide 24: New Projects - 3Q 2008 Launch

    New Projects - 3Q 2008 Launch TOWER 1 Saleable Area: 19,223 sqm # of Units: 749 units Average Price/sqm: Php 106,650/sqm Sizes of Units: 30.5sqm, 32sqm, 46.5sqm, 49sqm, 52 sqm, 63.5sqm, 70sqm, 75.5sqm 105sqm, 131sqm, 134sqm, 164.5sqm Total Estimated Revenues: P 2.1 Billion 25

  25. Slide 25: New Projects - 2Q 2008 Launch

    New Projects - 2Q 2008 Launch Saleable Area: 49,310 sqm # of Units: 537 units Average Price/sqm: Php 116,087/sqm Sizes of Units: 44sqm, 46.3sqm, 60sqm, 77.5sqm, 88.3 sqm, 89sqm, 98sqm, 100sqm 114sqm, Total Estimated Revenues: P 5.7 Billion 26

  26. Slide 26: New Projects - 1Q 2008 Launch

    New Projects - 1Q 2008 Launch Saleable Area: 41,995 sqm # of Units: 749 units Average Price/sqm: Php 106,650/sqm Sizes of Units: 30.5sqm, 32sqm, 46.5sqm, 49sqm, 52 sqm, 63.5sqm, 70sqm, 75.5sqm 105sqm, 131sqm, 134sqm, 164.5sqm Total Estimated Revenues: P 4.5 Billion 27

  27. Slide 27: New Projects - 1Q 2008 Launch

    New Projects - 1Q 2008 Launch Saleable Area: 28,684 sqm # of Units: 487 units Average Price/sqm: Php 91,670/sqm Sizes of Units: 40sqm, 47sqm, 51.5sqm, 89sqm, 92 sqm Total Estimated Revenues: P 2.6 Billion 28

  28. Slide 28: New Projects - 1Q 2008 Launch

    New Projects - 1Q 2008 Launch TOWER 1 Saleable Area: 10,680 sqm # of Units: 360 units Average Price/sqm: Php 78,564/sqm Sizes of Units: 23sqm, 25sqm, 34sqm, 40sqm, 47sqm Total Estimated Revenues: P 839 MM 29

  29. Slide 29: Emperador Distillers, Inc.

    EMPERADOR DISTILLERS, INC.

  30. Slide 30: Robust financial performance

    Robust financial performance Revenue Gross profit and margin CAGR: 36.4% CAGR: 80.9% 7,117 33.9% 33.3% 26.2% 2,412 29.2% 21.9% 4,298 3,663 14.5% 3,124 1,128 1,221 2,805 2,560 912 561 408 2004 2005 2006 2007 1H 07 1H 08 2004 2005 2006 2007 1H 07 1H 08 EBITDA and margin Net income and margin CAGR: 57.

  31. Slide 31: Golden Arches Development Corporation

    GOLDEN ARCHES DEVELOPMENT CORPORATION

  32. Slide 32: Strong rebounding profit and margins

    Strong rebounding profit and margins Growing revenues Gross profit and margin CAGR: 4.8% CAGR: 23.2% Margins 21.5% 17.6% 19.4% 22.1% 18.7% 7,407 13.3% 1,595 YoY Growth: 9% 6,429 6,124 6,570 1,272 1,076 3,636 3,980 852 802 743 2004 2005 2006 2007 1H 07 1H 08 2004 2005 2006 2007 1H 07 1H 08 EBITDA and

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