Vista Land & Lifescapes, Inc. · PSE:VLL
Vista Land & Lifescapes — 9M 2024 Earnings Presentation
18 slides from Vista Land & Lifescapes's earnings presentation, Nov 14, 2024
Slide 1: 9-Months 2024 Analysts' Briefing
9-Months 2024 Analysts’ Briefing November 14, 2024
Slide 2: 9M 2024 At a glance
9M 2024 At a glance ₱29.1B ₱9.0B ₱17.0B ₱9.1B 66.0% GPM 58.2% Margin Total Revenue Net Income Gross Profit EBITDA ₱58.4B ₱376.8B ₱138.8B 0.83x Reservation Sales Total Assets Total Equity Net Debt to Equity
Slide 3: Income Statement
Income Statement In Php millions 9M 2024 9M 2023 % Change Total Revenues 29,139 27,535 6.5% Real Estate 13,591 12,158 11.8% Rental Income 12,441 11,833 5.1% Mall admin, hotel operations & misc. Income 1,462 1,728 -15.4% Interest Income 1,645 1,638 0.6% Gross Profit (Residential) 8,966 7,221 24.2% Gr
Slide 4: Residential Segment
Residential Segment In Php Billion +10.1% 9M24 vs. 9M23 +10.2% 3Q24 vs. 3Q23 19.2 58.4 53.1 17.4 3Q23 3Q24 9M23 9M24 3Q23 3Q24 9M23 9M24
Slide 5: Real Estate Revenue Contribution
Real Estate Revenue Contribution In Php Billion Vista Residences Vista Residences 28% 20% Camella Crown Asia Camella Crown Asia 4% 29% 5% 21% 9% 9M24 Brittany 8% 9M23 Brittany 37% 39% Communities Communities Philippines Philippines • Camella brand accounts for 58% and 68% for 9M24 and 9M23 respectiv
Slide 6: Commercial Space Summary
Commercial Space Summary 42 malls GROSS FLOOR AREA (GFA) in sqm % 59 MALLS & RETAIL STORES 1,384,148 87 Commercial OFFICE 226,227 13 centers As of September 30, 2024 1,610,375 100 7 offices
Slide 7: Leasing Statistics
Leasing Statistics KEY STATS 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 Operating GFA 100% 100% 100% 100% 100% 100% 100% 100% 100% Occupancy – system 86% 87% 87% 87% 87% 87% 87% 87% 87% wide Malls 85% 86% 86% 86% 86% 86% 86% 86% 86% Office 92% 92% 92% 92% 92% 92% 92% 92% 92% %pre-COVID level Foot
Slide 8: Financial Condition
Financial Condition In Php millions 9/30/2024 12/31/2023 % Change Cash and Investments 60,471 49,908 21% Total Receivables 98,006 83,403 18% Real Estate Inventories 65,820 63,771 3% Investment Properties 131,007 124,656 5% Total Assets 376,802 342,399 10% Interest Bearing Loans 175,826 161,331 9% To
Slide 9: Gearing Ratio
Gearing Ratio In Php millions 9/30/2024 12/31/2023 % Change Total Interest-Bearing Debt* 175,826 161,331 9% Cash and Investments 60,471 49,908 21% Net Debt 115,355 111,423 4% Total Equity 138,831 132,862 4% Debt to Equity 1.27 1.21 Net Debt to Equity 0.83 0.84 *excludes receivables sold (with recour
Slide 10: Debt Profile
Debt Profile Funding Sources 31% Bank Loans 12% ✓ We have a diverse funding Retail Peso Bond Corporate Note sources and majority of our debt 36% 21% USD Bonds are long term in nature ✓ All term loans and debts have fixed interest rates. Debt Maturity Profile ✓ Full principal hedged- dollar denominat
Slide 11: Land bank
Land bank LAND BANK LOCATION 60% 40% TOTAL LAND AREA* (in HAs) % age Provincial Mega Manila* Owned 2,557.83 86% *Mega Manila – Metro Manila and the neighbouring provinces of Share in Joint Cavite, Laguna, Rizal, Batangas 411.20 14% and Bulacan Ventures TOTAL 2,969.03 100% *includes 192.46 hectares o
Slide 12: Project Launches
Project Launches As of September 30, 2024, we have launched 19 projects with an estimated value of about ₱32.6B
Slide 13: Capital Expenditures
Capital Expenditures Spent ₱21.2B as of September 30, 2024 In Php Billion (71% of 2024 CAPEX budget) 30.0 PER ACTIVITY 9M24A FY24E CONSTRUCTION 14.9 21.2 0.6 LAND DEVELOPMENT 5.9 8.2 8.2 21.2 LAND ACQUISITION 0.4 0.6 0.4 TOTAL (bn) 21.2 30.0 5.9 PER TYPE 9M24A FY24E 21.2 14.9 CAPEX 1.0 1.4 WORKING C
Slide 14: Business Updates: Dividend Declaration
Business Updates DIVIDEND DECLARATION ₱0.1120 per share Regular Cash Dividend Declaration Date: 14 November 2024 Record Date: 28 November 2024 Payment Date: 12 December 2024 This year's higher dividends was due to the strong performance of the Company’s residential segment. Vista Land plans to resum
Slide 15: Business Updates
Business Updates On October 10,2024 the Company fully settled its dollar bond due for the year amounting to $350M
Slide 16: Business Updates: POGO ban
Business Updates The POGO ban has had NO impact on our Company, as we have our residential ZERO To date, the POGO ban has had no impact on our company, as we have zero exposure to POGO operations in both projects and officeexposure buildings. to POGO in both our residential projects and office build
Slide 17: 2024 Strategy
2024 STRATEGY Horizontal projects in Vista Estates Solidify Provincial areas Upscale, Vertical, Commercial Projects Maximize Resort-type Development High-end Projects Optimize within Metro Manila Condo beside existing malls
Slide 18: Forward-looking statements and website
Vista Land Website For Corporate https://www.vistaland.com.ph/ Disclosures Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements”. Any such forward-looking statement is not a guarante
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