Cebu Landmasters, Inc. · PSE:CLI
Cebu Landmasters — Q1 2020 Earnings Presentation
47 slides from Cebu Landmasters's earnings presentation, Jun 1, 2020
Slide 1: Q1 2020 Investors'/Analysts' Briefing
EE CEBULANDMASTERS We Build with You in Mind Qi 2020 Investors’/Analysts’ Briefing June 1, 2020
Slide 2: Financial highlights
• • Consolidated NIAT at P 648.5 Million • Parent NIAT at P572.2 Million • • • driven by increase in Contract Assets and Investment properties. •
Slide 3: Operational highlights
• 13% growth Y-O-Y in rental revenue to P16.6 Million. • • Acquired - 38,692 sq.m. • Developed - 199,372 sq.m. • Citadines Cebu City operating with 180 rooms
Slide 4: Agenda
a=_—,_ CEBULANDMASTERS We Build with You in Mind Agenda O1 FINANCIAL PERFORMANCE O2 PROJECT UPDATES O3 SIGNIFICANT MILESTONES O04 2020 Q2-Q4 STRATEGY
Slide 5: Financial Performance
aa=_—,_ CEBULANDMASTERS We Build with You in Mind Agenda O1 FINANCIAL PERFORMANCE
Slide 6: Income statement
(Php in millions) Q2 2020 50% Sale of real estates 2,059.8 1,849.6 11% Hotel 20.7 - 100% 56% Q1 2019 Rental 16.6 14.6 13% Management fees 10.2 5.5 85% 15% 35% 55% 75% Total Revenues 2,107.3 1,869.8 13% Cost of Sales (1,055.9) (831.5) 27% Gross Profit 1,051.4 1,038.3 1% Q2 2020 46% Operating Expenses
Slide 7: Revenue by series and location
Real Estate Sales Garden Series (Mid) 2,059.8 973.7 98% 46.2% 1,849.6 680.2 99% 36% 11% 43% • Q1 2020 revenues driven from Garden Premier Series (High-End) 588.4 27.9% 545.8 29% 8% Series: Mivela in Banilad Cebu and; and Casa Mira (Economic) 441.0 20.9% 576.7 31% (24%) Velmiro Uptown CDO. Garden Ser
Slide 8: Reservation sales
In millions 12,677 Cebu 33% 31% 58% 62% Iloilo 32% - - - CDO 27% 19% 13% 16% Bacolod 6% 14% 12% 12% Bohol 3% - - - 9,608 Mindoro 1% 3% 1% - Dumaguete - 1% 1% 10% Davao NA 32% 15% 1% 7,597 Casa Mira 73% 29% 29% 25% Garden Series 17% 21% 37% 32% Premier Series 5% 47% 30% 41% Socialized 5% 3% 2% - Q2 O
Slide 9: Revenue trend
In millions 16,000 15,182 14,000 12,000 11,818 10,000 8,747 8,000 6,000 5,029 4,000 2,000 - FY 2016 FY 2017 FY 2018 FY 2019 Q1 2020
Slide 10: Balance sheet and ratios
RETURN ON AVE. ASSET Q1 2020 2019 8% (Php in millions) 2017 11% Cash 619.5 917.2 (297.7) (32%) RETURN 2% ON AVE. 7% PARENT 12% EQUITY 17% Real Estate Inventory 8,941.6 9,447.0 (505.3) (5%) Q1 2020 Accounts Receivable 5,464.4 5,876.1 (411.7) (7%) 2019 29% 2018 31% Contract Asset 11,196.6 8,892.5 2,30
Slide 11: Corporate note line
P 5 Years 7 Years 10 Years Php In thousands Series D Series E Series F Total Allocation 90 bps 95 bps 100 bps per Institution Bank of the Philippines Islands - 700,000 - 700,000 China Banking Corporation 500,000 1,500,000 - 2,000,000 Development Bank of the Philippines - 2,000,000 - 2,000,000 Land B
Slide 12: Strong financial confidence in CLI
STRONG FINANCIAL CONFIDENCE IN CLI EVIDENCED BY P 41.2 BILLION APPROVED LINES AS OF May 31, 2020 BANKING PARTNERS i BPI G CuInaBaANk @ AUB is) PNB ~. ORCBC ALEM Areca | OUTSTANDING | AVAILABLE ORKING CAPITAL 3,200,000.000 ge gggq99 _-2:415.000,000 SDN NOTES 2,000,000,000 —_2,000,000,000 POale TY — 2
Slide 13: Debt maturity profile
In Millions 1,234 TERM LOANS 1,086 SD Notes CORP NOTES 2 CORP NOTES 1 510 1,227 373 2,000 1,487 1,334 1,741 1,554 202 892 36 1,411 373 735 196 491 491 491 373 18 42 117 179 179 36 259 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 onwards
Slide 14: P0.25 per share dividends paid in 2020
P0.25 PER SHARE DIVIDENDS PAID IN 2020 ON THE BACK OF OUTSTANDING FY2019 EARNINGS Declaration date: February 19, 2020 Record date: April 3, 2020 Payment date: April 30, 2020 ROE (parent) 40% 31% 29% EPS 0.86 0.98 1.21 Book Value/ share 2.83 3.62 4.64 Price* /EPS 5.68x 4.37x 3.14x Price to BV 1.73 1.
Slide 15: P750M share buy-back program
P750 M SHARE BUY-BACK PROGRAM 2018 - P250 M 2020 - P500 M In thousands
Slide 16: Project Updates
Agenda O2 PROJECT UPDATES
Slide 17: Project launch: 1,188 units, 49% sold
P 900 M worth project | 1,188 UNIT | 49% SOLD
Slide 18: Key project launches in Q1 2020
PROJECT UPDATES KEY PROJECT LAUNCHES IN Q1 2020 VELMIRO GREENS BOHOL (DAUIS, PANGLAO) P900 M | 204 UNIT | 15% SOLD oa : LANDMASTERS We Build with You in Mind
Slide 19: Key project launches in H2 2020
PROJECT UPDATES KEY PROJECT LAUNCHES IN H2 2020 CASA MIRA TOWERS MANDAUE PH2 CEBU |736 UNITS| 2.6 Billion CASA MIRA TOWERS LPU DAVAO | 930 UNITS | 1.88 Billion Seen) we cers ew as SO Oe ooo rw POM CASA MIRA TOWER GUADALUPE B2 & B3 CEBU | 584 UNITS | 1.3 Billion aeDS—._ LANDMASTERS We Build with You
Slide 20: Key project launches in H2 2020
PROJECT UPDATES KEY PROJECT LAUNCHES IN H2 2020 CASA MIRA LINAO PH3 CASA MIRA SOUTH PHS & 4 CASA MIRA DUMAGUETE CEBU] 122 UNITS| 415 Million CEBU | 454 UNITS | 1.4 Billion | 586 UNITS 1.657 Billion CASA MIRA ORMOC VELMIRO HEIGHTS | 908 UNITS | 1.972 Billion CDO | 340 UNITS | 2.053 Billion , VELMIRO
Slide 21: Leasing: retail and office GLA
Retail : 59% Office : 41% Occupancy : 87% 14,296 Forecasted GLA increase of 13,079 sqm with completion of 13,079 Latitude in 2H 2020 14,296 Q1 8,952 6,297 GLA IN SQ.M
Slide 22: Hotel segment: Citadines Cebu City
HOTEL SEGMENT CONTRIBUTING TO REVENUE WITH THE COMPLETION OF CITADINES CEBU CITY IN SEPTEMBER 2019
Slide 23: Ongoing construction sales status
Residential: 100% SOLD | Office: 94% Residential T1: 96% | Residential T2: 49%
Slide 24: Ongoing construction sales status
Residential: 97.5% SOLD Office Units: 100% SOLD
Slide 25: Ongoing construction sales status
T1 : 85% SOLD Residential: 100% SOLD T2: 82% SOLD Scheduled for turnover in Q2 2020 T3: 80% SOLD T4: 46% SOLD
Slide 26: Ongoing construction: Casa Mira South, Naga City
ONGOING CONSTRUCTION CEBU CASA MIRA SOUTH NAGA CITY Residential: 100% SOLD ea ——.__ LANDMASTERS We Build with You in Mind
Slide 27: Residential units sold in 2020 despite COVID-19
686 unit | 435 residential units sold in 2020 despite COVID-19 Residential: 95% SOLD
Slide 28: Ongoing construction sales status
Residential: 100% SOLD Residential: 15% SOLD
Slide 29: Ongoing construction sales status
Residential: Residential: 21% SOLD Building A - 100% SOLD Building B – 100% SOLD Building C – 85% SOLD Residential: 36% SOLD
Slide 30: Ongoing construction sales status
Residential: 87% sold Hotel: 42% sold Residential: 97% SOLD
Slide 31: Ongoing construction: Velmiro Uptown CDO
ONGOING CONSTRUCTION CAGAYAN DE ORO . Ree a VELMIRO UPTOWN CDO CDO CITY Residential: 100% sold CEBULANDMASTERS We Build with You in Mind
Slide 32: Significant Milestones
aa=_—,_ CEBULANDMASTERS We Build with You in Mind Agenda 03 SIGNIFICANT MILESTONES
Slide 33: Projects with sold-out status
PROJECTS WITH SOLD-OUT STATUS AS OF MAY 2020 ceBufANDMASTER SNDMASTERS We Build with You in Mind BASE LINE PREMIER, CEBU LATITUDE CORPORATE CENTER LAUNCHED IN 2015 LAUNCHED IN 2017 379 UNITS SOLD-OUT AND TURNED OVER 80 UNITS SOLD, TURN-OVER IN 2020 MIVESA GARDEN RESIDENCES MIVESA GARDEN RESIDENCES A
Slide 34: Projects with sold-out status
PROJECTS WITH SOLD-OUT STATUS _ AS OF MAY 2020 CEBU ANDMASTERS We Build with You in Mind VELMIRO UPTOWN CDO Seo UNITe Sete. Ur CASA MIRA SOUTH PH1 &2 , CEBU = LAUNCHED IN 2017 1,753 UNITS SOLD-OUT CASA MIRA COAST, SIBULAN DUMAGUETE LAUNCHED IN 2018 543 UNITS SOLD-OUT eS ——.__ LANDMASTERS We Build wi
Slide 35: Land acquired and developed by location
Acquired 38,692 sq. m. Developed 199,372 sq. m. 8% 4% 2% 2% Puerto Princesa 2% 7% 9% 1% Ormoc 1% 1% 12% 4% 7% Bohol 2% 8% 15% 11% 17% 1% Mactan 2% 1% 17% Mandaue 17% 17% Dumaguete 28% 25% 49% CDO 13% 3% 1% 27% Iloilo Bacolod 97% 86% 37% 25% Davao 24% 17% Cebu 2015 2016 2017 2018 2019 YTD 2020
Slide 36: Completed, ongoing and pipeline projects
Completed Projects Ongoing Projects Pipeline Projects
Slide 37: Nurturing partnerships in times of crisis
NURTURING PARTNERSHIPS IN TIMES OF CRISIS CLIPM WORKING 24/7 AS FRONTLINERS... IN THE SERVICE OF THE HOMEOWNERS : I WN LANDMASTERS We Build with You in Mind
Slide 38: Project locations by barangay
Brgy. Apas, Cebu City Brgy. Capitol Site, Cebu City Brgy. Cogon Ramos, Cebu City Brgy. Guadalupe, Cebu City Brgy. Labangon, Cebu City Brgy. Lahug, Cebu City Brgy. San Roque, Cebu City Brgy. Ibabao-Estancia, Mandaue City Brgy. Tipolo, Mandaue City Brgy. Punta Engano, Lapu-Lapu City Brgy. Suba Basbas,
Slide 39: Construction of quarantine facilities
CONSTRUCTION OF QUARANTINE FACILITIES... IN ASSISTANCE TO THE CITY’S COVID RECOVERY PLANS NURTURING PARTNERSHIPS IN TIMES OF CRISIS < : umes” == CEBULANDMASTERS
Slide 40: Cash aid for construction workers
NURTURING PARTNERSHIPS IN TIMES OF CRISIS Php 14.9 MILLION CASH AID... IN SUPPORT OF CLI CONSTRUCTION WORKERS 2S. CEBULANDMASTERS We Build with You in Mind
Slide 41: 2020 Q2-Q4 Strategy
aa=_—,_ CEBULANDMASTERS We Build with You in Mind Agenda O04 2020 Q2-Q4 STRATEGY
Slide 42: 2020 Q2-Q4 Strategy
2020 Q2-Q4 STRATEGY ° CLI poised to proceed with expected 19.4 Billion worth of launches in 2020 * Housing backlog evident in Visayas and Mindanao. Php 2 Billion sales was sold during the ECG/lockdown period. ° Accelerated digitalization of CLI to serve the steady demand for residential projects in
Slide 43: Financial highlights
• • Consolidated NIAT at P 648.5 Million • Parent NIAT at P572.2 Million • • • driven by increase in Contract Assets and Investment properties. •
Slide 44: Operational highlights
• 13% growth Y-O-Y in rental revenue to P16.6 Million. • • Acquired - 38,692 sq.m. • Developed - 199,372 sq.m. • Citadines Cebu City operating with 180 rooms
Slide 45: Thank you!
aa=_—,_ CEBULANDMASTERS We Build with You in Mind Thank you! be AERA) ee)
Slide 46: Q&A
CEBULANDMASTERS We Build with You in Mind Q&A NN
Slide 47: Cebulandmasters
EE CEBULANDMASTERS We Build with You in Mind