Robinsons Land Corp. · PSE:RLC

Robinsons Land — Shareholder Meeting (May 2014)

21 slides from Robinsons Land's shareholder meeting presentation, May 12, 2014

  1. Slide 1: Annual Shareholders' Presentation

    Annual Shareholders’ Presentation 12 May 2014

  2. Slide 2: Strong cashflow, consumer play; leading BPO office space provider

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

  3. Slide 3: Major Developments – Recent Business Accolades

    MAJOR DEVELOPMENTS – Recent Business Accolades Robinsons Land was awarded by Euromoney as the Overall Best Managed Company in the Philippines 2013 & 2014 3

  4. Slide 4: Major Developments – Recent Business Accolades

    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 t

  5. Slide 5: A Leading Philippine Property Company

    A LEADING PHILIPPINE PROPERTY COMPANY GDP Growth Rate 7.6% • Mall 6.6% 7.2% • Residential Ilocos Norte 3.9% Projects 2010 2011 2012 2013 • Mall Nueva Ecija •Mall • Mall Tarlac Pangasinan Population (in millions) • Malls 98.7 •Residential Project Pampanga • Residential Projects 95.8 • Mall Bulacan 94

  6. Slide 6: Diversified Business Model

    DIVERSIFIED BUSINESS MODEL Shopping Malls Office Buildings Hotels Residential INVESTMENT PORTFOLIO DEVELOPMENT PORTFOLIO FY2013 1HFY2014 FY2013 1HFY2014 Revenue Contribution 64% 65% 36% 35% EBITDA Contribution 82% 84% 18% 16% EBIT Contribution 76% 78% 24% 22% 6

  7. Slide 7: Income Statement Highlights

    INCOME STATEMENT HIGHLIGHTS vs. vs. FY2013 Highlights FY13 1H FY14 Php millions SPLY SPLY  Strong revenue growth of 18% due to strong operating Revenues 15,904 +18% 8,459 +7% performance of all divisions, led by Malls and Residential divisions Cost and Expenses 9,934 +20% 4,012 +7%  Net Income at

  8. Slide 8: Strong Balance Sheet Position (as of March 31, 2014)

    STRONG BALANCE SHEET POSITION (as of March 31, 2014) TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP MM) 80,056 74,886 51,632 49,395 70,647 46,573 FY12 FY13 1HFY14 FY12 FY13 1HFY14 RETURN ON EQUITY CURRENT NET DEBT TO EQUITY 26% 23% 9% 9% 9% 13% FY12 FY13 1HFY14 FY12 FY13 1HFY14 8

  9. Slide 9: Malls: Revenues, EBITDA, EBIT

    REVENUES 15% 12% 7,390 6,429 3,577 3,990  Second largest mall operator in the Philippines with 37 malls FY12 FY13 1HFY13 1HFY14  1,025,000 sqm in GLA EBITDA  1,900,000 sqm in GFA  95% latest system-wide 13% occupancy 5,063 12% 4,492  Approximately 7,000 retailers 2,464 2,761  Same mall revenue

  10. Slide 10: New Malls (as of March 31, 2014)

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

  11. Slide 11: Malls: Revenues, EBITDA, EBIT, GLA

    REVENUES EBITDA CAGR: +16% CAGR: +12% 5,063 7,390 4,492 5,759 6,429 3,713 3,976 5,312 3,220 4,127 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 EBIT GLA CAGR: +12% CAGR: +5% 910,000 913,000 2,999 3,202 744,000 813,000 813,000 2,048 2,324 2,466 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 11

  12. Slide 12: A leading BPO office space provider with 273,000 sqm net leasable space

    REVENUES 3% 1,398 1,440 2%  A leading BPO office space 717 729 provider with 273,000 sqm net leasable space FY12 FY13 1HFY13 1HFY14 EBITDA  Total occupancy is 98%  Increased space by 41% or 3% 80,000 sqm in FY 2014 1,345 1,386 2%  Dominant landlord in the Ortigas Central Business 691 702 Distric

  13. Slide 13: Cyberscape Alpha and Cyberscape Beta

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

  14. Slide 14: Offices: Revenues, EBITDA, EBIT, GLA

    REVENUES CAGR: +7% EBITDA CAGR: +8% 1,335 1,398 1,440 1,112 1,182 1,302 1,345 1,386 1,032 1,140 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 EBIT GLA CAGR: +8% CAGR: +4% 193,000 193,000 188,000 193,000 961 1,009 738 842 923 165,000 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 14

  15. Slide 15: Hotels: Revenues, EBITDA, EBIT

    FY 2013 REVENUES Revenue Contribution 8% 13% 16% 71% 1,384 1,497 2% INTERNATIONAL BRANDS 778 792 FY12 FY13 1HFY13 1HFY14 INTERNATIONAL BRANDS EBITDA 19% 3% 527 SUMMIT HOTELS 442 256 265 FY12 FY13 1HFY13 1HFY14 EBIT 26% 340 270 13% 163 184 FY12 FY13 1HFY13 1HFY14 15

  16. Slide 16: New Hotels FY2013 and FY2014

    FY2013 New Hotel FY2014 - New Hotel (as of March 31, 2014) Location: Paco, Manila Location: Downtown District of Iloilo City Started Operations: June 2013 Started Operations: December 2013 No. of Rooms: 118 No. of Rooms: 167 16

  17. Slide 17: Residential: Sales Take-up and Realized Revenues

    SALES TAKE-UP REALIZED REVENUES 50% 8,623 30% 1,054 3% 5,578 5,749 1,398 820 3,924 4,304 4% 910 3,819 5,404 404 558 668 1,160 2,850 2,948 3,130 2,665 1,933 889 767 192 163 FY12 FY13 1HFY13 1HFY14 FY12 FY13 1HFY13 1HFY14  Net pre-sales FY2013 at  Realized Revenues FY2013 amounted to PhP8.62B, 50% h

  18. Slide 18: Residential Projects

    Robinsons Place Residences Gateway Garden Ridge Brighton Parkplace Robinsons Residenza AmiSa Private Residences Milano Fifth Avenue Place Woodsville Viverde Mansions Brighton Parkplace North Sonata Private Residences Robinsons Vineyard McKinley Park Residences Centennial Place Hanalei Heights Signa

  19. Slide 19: Residential Projects by Location

    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 Bloomfields General Santos General Santos City Axis Residences Acacia Escalades The Peal Place Mandaluyong City Pasig City Pasig City 19

  20. Slide 20: Capital Expenditure and Landbank

    CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 16,000 13,433 14,274 11,310 Investment Capex 3,439 4,945 9,600 6,227 Development Capex 3,732 4,945 1,741 3,534 Land Acquisition 3,534 4,000 2,780 6,262 2,831 1,706 2,831 2,400 FY2010 FY2011 FY2012 FY2013 FY2014B LANDBANK (as of 31 Mar 2014) SUMMAR

  21. Slide 21: Moving Forward – Future Plans & Strategies

    MOVING FORWARD – Future Plans & Strategies +12% +11% +7% +13% +18% 1,292,000 +41% 343,000 1,077,000 1,150,000 308,000 273,000 913,000 193,000 Gross Leasable Net Area Leasable (sqm) Area (sqm) FY2013 FY2014 FY2016 FY2017 FY2013 FY2014 FY2015 FY2016 1 Mall 7 New Malls 2 New Office Buildings 1 New Offi

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