D.m. Wenceslao & Associates, Inc. · PSE:DMW
D.m. Wenceslao & Associates — 3M 2021 Earnings Presentation
29 slides from D.m. Wenceslao & Associates's earnings presentation, May 26, 2021
Slide 1: 3M 2021 Analysts' Briefing
3M 2021 Analysts’ Briefing May 26, 2021 0
Slide 2: Disclaimer
Disclaimer The information in this document has been prepared by D.M. Wenceslao & Associates, Incorporated (“DMW”) and does not constitute a recommendation regarding the securities of DMW. The statements contained in this document speak only as at the date as of which they are made, and DMW expressl
Slide 3: Points of Focus
2 Points of Focus 8 Development Pipeline 16 Operating and Financial Highlights 24 3M 2021 Summary 26 COVID-19 Response 2
Slide 4: Updated summary of land holdings in Aseana City
Updated summary of land holdings in Aseana City Remaining Land Reserves (301,357 sq.m.) Land Used/Allocated for Development Land Allocated (268,002 sq.m.) for Future Sales (7,798 sq.m.) Completed Land Allocated for Properties Future Leases (38,420 sq.m.) (20,103 sq.m.) Land Holdings Land Leased (569
Slide 5: Value of properties inside of Aseana City
Value of properties inside of Aseana City Owned Land Holdings Completed Properties(1) Pipeline Properties Land area (sq.m.) Total leasable/saleable floor area (sq.m.) Leasable/saleable floor area (sq.m.) Roads and Pixel Parkside right of way Residences Place 2 Land currently MidPark 18,368 Aseana To
Slide 6: Well positioned to weather the impact of the COVID-19 pandemic (1/2)
Well positioned to weather the impact of the COVID-19 pandemic (1/2) Metro Manila Office Supply Forecast, end 2020 and 2025 Manila Bay Future Office Supply Among Highest from 2021-2023 change in % of total new 300K 2021 – 2023 supply 14,511,000 sq.m. Location end of 2020 end of 2025 % change sq.m. s
Slide 7: Well positioned to weather the impact of the COVID-19 pandemic (2/2)
Well positioned to weather the impact of the COVID-19 pandemic (2/2) Metro Manila Residential Supply Forecast, end 2020 and 2023 Bay Area to Account for 60% of New Supply from 2021-2023 change in % of total new end of 2020 end of 2023 % change Location units supply 2021F – 2023F supply average: 8,80
Slide 8: Development Pipeline
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 8 Development Pipeline 16 Operating and Financial Highlights 24 3M 2021 Summary 26 COVID-19 Response 7
Slide 9: Pipeline of premier assets in construction inside Aseana City
Pipeline of premier assets in construction inside Aseana City… Aseana Plaza (formerly Aseana Five and Six) Parqal MidPark Towers 8912 Asean Ave. 8
Slide 10: …and outside Aseana City
…and outside Aseana City 58 Jupiter St. 9
Slide 11: Pipeline Milestones: Commercial Projects
Pipeline Milestones: Commercial Projects July 15, 2020 Construction Progress 90% 10
Slide 12: Pipeline Milestones: Commercial Projects
Pipeline Milestones: Commercial Projects Construction Progress 40% 11
Slide 13: Pipeline Milestones: Commercial Projects
Pipeline Milestones: Commercial Projects Construction Progress 83% 12
Slide 14: Pipeline Milestones: Residential Projects
Pipeline Milestones: Residential Projects Turnover 94% Construction Progress 13% 13
Slide 15: Operating and Financial Highlights
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 8 Development Pipeline 16 Operating and Financial Highlights 24 3M 2021 Summary 26 COVID-19 Response 14
Slide 16: Stable recurring income
Stable recurring income PHP 3M 2021 3M 2020 Change (%) Rentals Land P 257,292,441 P 256,409,458 0% Building 192,336,160 208,759,236 -8% Other revenues 47,142,162 47,512,606 -1% 496,770,763 512,681,300 -3% Construction contracts 2,203,181 15,643,101 -86% P693 million in total revenues Sale of condomi
Slide 17: In focus: Leasing
In focus: Leasing P496.8M Land We pay particular attention to recurring income sources to provide our lease with Ayala us with higher earnings visibility. We primarily target traditional Land provides for a companies, including logistics, BPOs, and gaming and tourism-related minimum guaranteed rent
Slide 18: Robust leasing activity reflects high level of sustainability
Robust leasing activity reflects high level of sustainability Recurring Income Contribution(1) (%) Total Leasable Floor Area(2) (sq.m.) Total recurring revenues 90,712 90,712 513 497 25% 37% 20% 89,914 89,914 28% 5% 7% 3M 2020 3M 2021 % to Total Revenues 50% 72% Land (PHP mm) 256 257 2018 2019 2020
Slide 19: In focus: Residential
In focus: Residential Residential sales % to total revenues Revenue contribution P193.6M 2018 6% We are complementing the speed of development in the area with Accounted for 28% of total 2019 16% revenues on the back of residential offerings in the mid-income and upscale categories, accounts that me
Slide 20: Superior profitability scorecard consistent with resilient portfolio
Superior profitability scorecard consistent with resilient portfolio Gross Profit (PHP mm) Operating Profit (PHP mm) 84% 80% 76% 76% 65% 67% 64% 63% 1,806 2,815 2,071 529 1,372 2,271 1,720 464 2018 2019 2020 3M 2021 2018 2019 2020 3M 2021 Gross Profit Gross Profit Margin Operating Profit Operating P
Slide 21: Financial strength supports growth aspirations
Financial strength supports growth aspirations Debt To Equity(1) (%) Return on Equity(2) (%) 14% 12% 13% 10% 11% 6% 6% 3% 2018 2019 2020 3M 2021 2018 2019 2020 3M 2021 Current Ratio(3) (x) Asset to Equity(4) (x) 1.61x 1.61x 1.64x 1.47x 1.48x 1.56x 1.51x 1.48x 2018 2019 2020 3M 2021 2018 2019 2020 3M
Slide 22: Progress Report on Use of proceeds
Progress Report on Use of proceeds Pixel Residences P310M 8912 Asean Ave. P2.0B Parqal P1.6B MidPark Towers P380M Aseana Plaza P282M Total applied offering proceeds as of March 31, 2021 21
Slide 23: 3M 2021 Summary
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 8 Development Pipeline 16 Operating and Financial Highlights 24 3M 2021 Summary 26 COVID-19 Response 22
Slide 24: Summary: 3M 2021 highlights
Summary: 3M 2021 highlights 3M 2021 Summary 2021 Outlook • Consolidated revenues amounted to ₱692.5 million, and net • Completion of 8912 Asean Ave. in 2Q2021 which will add income attributable to equity holders stood at ₱553.6 million over 69,000 sqm to our total GLA and significantly boost in 3M 2
Slide 25: COVID-19 Response
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 8 Development Pipeline 16 Operating and Financial Highlights 24 3M 2021 Summary 26 COVID-19 Response 24
Slide 26: DMWAI's Response to the COVID-19 Pandemic
DMWAI’s Response to the COVID-19 Pandemic Supporting our Business Partners Expanding Reach to Clients: through these Trying Times Adopting to the New Normal ✓ More market-friendly terms such as no escalation ✓ Monthly virtual presentations and webinars via and lower rates were introduced to our smal
Slide 27: Q&A
Aseana City, our development project with total land area of 107.5 hectares located along the coastal waters of Manila Bay bordering the City of Pasay and the City of Parañaque Q&A www.dmwai.com www.aseanacity.com 26 iro@dmwai.com 26
Slide 28: Appendix: Consolidated Statements of Profit or Loss
Appendix: Consolidated Statements of Profit or Loss PHP 3M 2021 3M 2020 Change (%) Rentals Land P 257,292,441 P 256,409,458 0% Building 192,336,160 208,759,236 -8% Other revenues 47,142,162 47,512,606 -1% 496,770,763 512,681,300 -3% Construction contracts 2,203,181 15,643,101 -86% Sale of condominiu
Slide 29: Appendix: Consolidated Statements of Financial Position
Appendix: Consolidated Statements of Financial Position PHP 31 Mar 2021 31 Dec 2020 Current Assets 12,010,407,725 12,249,418,082 Non-current Assets 20,754,210,087 20,607,603,420 Total Assets P 32,764,617,812 P 32,857,021,502 Current Liabilities 8,101,901,663 8,356,600,808 Non-current Liabilities 1,9
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