Vista Land & Lifescapes, Inc. · PSE:VLL
Vista Land & Lifescapes — 9M 2021 Earnings Presentation
20 slides from Vista Land & Lifescapes's earnings presentation, Nov 15, 2021
Slide 1: 9M 2021 Analysts' Briefing
9M 2021 ANALYSTS’ BRIEFING November 15, 2021
Slide 2: 9M 2021 at a Glance
9M 2021 AT A GLANCE RS YoY growth of 11%; 3Q21 is up 9% vs 2Q21 Gross margin improved by 320 bps Leasing business coming in strong, up 25% YoY Consolidated EBITDA Margin up 440 bps
Slide 3: Income Statement
INCOME STATEMENT IN PHP MILLIONS 9M 2021 9M 2020 % Change Total Revenues 23,688 25,668 -7.7% Real Estate 14,454 18,014 -19.8% Rental Income 6,183 4,943 25.1% Hotel Operations & miscellaneous income 1,326 1,065 24.4% Interest Income 1,725 1,647 4.7% Gross Profit (Residential) 7,742 9,082 -14.8% Gross
Slide 4: Residential Segment Update
RESIDENTIAL SEGMENT UPDATE (In Php M) +11.0% 9M21 VS 9M20 +4.8% 3Q21 vs 3Q20 43,940 39,592 16,063 15,493 14,515 13,847 13,362 10,252 9M20 9M21 1Q20 2Q20 3Q20 1Q21 2Q21 3Q21
Slide 5: Real Estate Revenue Contribution
REAL ESTATE REVENUE CONTRIBUTION 9M 2021 9M 2020 CAMELLA 39.6% CAMELLA 37.6% VISTA RESIDENCES 11.1% VISTA RESIDENCES 14.1% CROWN ASIA 3.3% BRITTANY 0.2% CROWN ASIA 2.0% BRITTANY 2.6% COMMUNITIES COMMUNITIES PHILIPPINES 41.7% PHILIPPINES 47.7% : 81% and 85% of total for 9M21 and 9M20, respectively
Slide 6: Financial Condition
FINANCIAL CONDITION IN PHP MILLIONS 09/30/2021 12/31/2021 % Change Cash and Investments 63,107 49,596 27% Total receivables 62,924 64,628 -3% Real Estate Inventories 48,200 44,371 9% Investment Properties 114,079 105,873 8% Total Assets 306,659 284,057 8% Interest Bearing Loans 162,459 141,377 15% T
Slide 7: Gearing Ratio
GEARING RATIO IN PHP MILLIONS 09/30/2021 12/31/2021 % Change Majority of the debt Total Interest Bearing Debt* 162,459 141,377 15% was used to fund for Cash and Investments 63,107 49,596 27% the investment properties of our Net Debt 99,351 91,781 8% leasing segment. Equity 111,420 105,680 5% The gro
Slide 8: Debt Profile
DEBT PROFILE Funding Sources Debt Maturity Profile Bank Loans 33% 81% Retail Peso Bond 15% Long Term Corporate Note 36% Short Term 16% 19% USD Bonds • All term loans and debts have fixed interest rates. • Full principal hedged- dollar denominated debt • No bullet maturity for 2021; completed LM for
Slide 9: Commercial Space Summary
COMMERCIAL SPACE SUMMARY GROSS FLOOR AREA (GFA) in sqm MALLS & RETAIL STORES OFFICE TOTAL As of Sept 30, 2021 1,362,467 226,227 1,588,694 We have 107 commercial assets 69 composed of commercial centers 7 offices 31 malls
Slide 10: Commercial Space Layout
COMMERCIAL SPACE LAYOUT mall vs bpo 86:14 85:15 84:16 1,588,694 1,497,229 1,404,762 79:21 80:20 1,060,495 882,009 1,362,467 79:21 1,178,535 1,271,002 631,073 834,268 701,220 500,073 180,789 226,227 226,227 226,227 226,227 131,000 2015 2016 2017 2018 2019 2020 BPO Malls and Retail Stores Total
Slide 11: Leasing Statistics
LEASING STATISTICS KEY STATS 3Q20 4Q20 1Q21 2Q21 3Q21 Operating GFA 95% 95% 95% 95% 95% Occupancy – system wide 89% 84% 83% 83% 83% Malls 87% 81% 81% 81% 81% Office 99% 99% 92% 92% 92% %pre-COVID level Foot traffic 37-45% 45-55% 45-52% 45-50% 45-50%
Slide 12: Project Launches
PROJECT LAUNCHES As of Sept 30, 2021, we have launched 8 projects with an estimated value of about ₱7.2B 1 high-end 5 low and affordable projects 2 mid rise buildings We are already present in 49 provinces; 147 cities & municipalities.
Slide 13: Landbank
LANDBANK TOTAL LAND AREA* (in HAs) % age Owned 2,605.6 89% Share in Joint Ventures 331.2 11% TOTAL 2,936.8 100% *includes 144.1 hectares of STR’s land bank LAND BANK LOCATION (in HAs) 43% *Mega Manila – Metro Manila and Provincial the neighbouring provinces of Cavite, Laguna, Rizal, Batangas and Bul
Slide 14: Capital Expenditure
CAPITAL EXPENDITURE In php B Land Acquisition/Advances to Spent ₱18.4B as of Sept 30 2021 joint venture projects 27.0 Land Development (68% of 2021 CAPEX budget) 2.2 Construction PER ACTIVITY 9M21A FY21E 6.5 18.4 CONSTRUCTION 12.7 18.3 1.2 LAND DEVELOPMENT 4.5 6.5 4.5 LAND ACQUISITION 1.2 2.2 TOTAL
Slide 15: Online Initiatives
ONLINE INITIATIVES Online Sales Platform Online Payment Portal Virtual Property Tours Other initiatives to serve customers’ better Social Media Engagements
Slide 16: Digital Transformation Initiatives
DIGITAL TRANSFORMATION INITIATIVES ViCon - the first and biggest virtual ViCon2:BOSS - first and biggest property Expo in the Philippines virtual sales recruitment summit
Slide 17: VHealthy Program
VHEALTHY PROGRAM Villar Group vaccination program for its employees and their dependents that also includes information drive on the safety protocols and the importance of getting inoculated
Slide 18: ESG
ESG RESIDENTIAL LEASING Vista Land provides employment opportunities Vistamalls provides employment opportunities to to the communities where the company surrounding communities where the Company operates. With its increasing visibility to more cities operates. The Company also contributes to decent
Slide 19: Key Messages
Key Messages Optimistic on the uptrend OF demand Resilient leasing portfolio - majority with 6% remittances growth YoY and essential tenants; with potential upside beating pre-pandemic remittance; OF on vaccination rollout status of the host countries advanced in country; potential for REIT Listing
Slide 20: Thank You
THANK YOU 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
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