Vista Land & Lifescapes, Inc. · PSE:VLL

Vista Land & Lifescapes — 9M2020 Earnings Presentation

17 slides from Vista Land & Lifescapes's earnings presentation, 2020

  1. Slide 1: Analysts' Briefing

    Analysts’ Briefing /ISTA LAND Life made beautiful

  2. Slide 2: Look at us now, building the future

    Look at Our fresh vision of US NOW } building the future. Vista. Lane

  3. Slide 3: 9M2020 at a glance

    9M2020 at a glance 3q RS Up 35% vs 2q; sept sales at 72% Pre Covid Level Leasing Business at 95% operational GFA level Resilient overseas Filipino demand Net debt held at 0.92x

  4. Slide 4: Income Statement

    INCOME STATEMENT IN PHP MILLIONS 9M2020 9M2019 % Change Total Revenues 25,669 34,359 -25.3% Real Estate 18,014 26,212 -31.3% Rental Income 4,943 5,480 -9.8% Interest Income 1,647 1,641 0.4% Mall, hotel and other income 1,065 1,026 3.8% Gross Profit (Residential) 9,082 13,588 -33.2% Gross Margin 50.4

  5. Slide 5: Reservation Sales Update

    RESERVATION SALES update (In Php M) 61,642 September sales are already 35.8% 72% pre-COVID level 15,493 39,592 35.1% 13,847 9M19 10,252 9M18 9M19 9M18 9M19 9M20 1Q20 2Q20 3Q20

  6. Slide 6: Real Estate Contribution

    REAL ESTATE CONTRIBUTION 9M 2020 9M 2019 CAMELLA CAMELLA VISTA RESIDENCES 40.5% VISTA RESIDENCES 37.6% 7.3% CROWN ASIA 11.1% 3.3% CROWN ASIA BRITTANY 3.3% 1.3% BRITTANY COMMUNITIES PHILIPPINES COMMUNITIES PHILIPPINES 47.6% 47.7% : 85% and 88% of total for 9M20 and 9M19, respectively

  7. Slide 7: Financial Condition

    FINANCIAL CONDITION IN PHP MILLIONS 09.30.2020 12.31.2019 % Change Cash and Investments 47,721 47,948 -0.5% Total receivables 67,021 57,834 16.0% Real Estate Inventories 44,530 41,401 7.6% Investment Properties 105,336 101,435 3.8% Total Assets 286,908 272,539 5.3% Interest Bearing Loans 144,537 140

  8. Slide 8: Gearing Ratio

    GEARING RATIO IN PHP MILLIONS 09.30.2020 12.31.2019 % Change Total Interest Bearing Debt* 144,537 140,365 3.0% Cash and Investments 47,721 47,948 -0.5% Net Debt 96,816 92,417 4.8% Equity 104,869 99,953 4.9% Debt to Equity 1.74 1.73 Net Debt to Equity 0.92 0.92 *excludes receivables sold (with recour

  9. Slide 9: Debt Profile

    DEBT PROFILE Funding Sources Debt Maturity Profile 8% Bank Loans Retail Peso Long Term 30% 32% Bond Corporate Short Term 21% 17% Note 92% USD Bonds • All term loans and debts have fixed interest rates. • Full principal hedged- dollar denominated debt • No bullet maturity for 2020 and 2021, majority

  10. Slide 10: Commercial Space Summary

    COMMERCIAL SPACE SUMMARY GROSS FLOOR AREA (GFA) in sqm MALLS & RETAIL STORES OFFICE TOTAL As of 12/31/2019 1,271,002 226,227 1,497,229 ADD 16,981 - 16,981 As of 9/30/2020 1,287,983 226,227 1,514,210 We have 101 commercial assets composed of 31 63 COMMERCIAL 7 MALLS CENTERS OFFICES

  11. Slide 11: Commercial Space Layout

    COMMERCIAL SPACE LAYOUT Potential for REIT

  12. Slide 12: Project Launches

    PROJECT LAUNCHES Launched 5 low and affordable projects outside Metro Manila with an estimated total project value of about ₱5.02B We are already present in 49 provinces; 147 cities & municipalities.

  13. Slide 13: Land Bank

    LAND BANK TOTAL LAND AREA* (in HAs) % age Owned 2,611.4 89% Share in Joint Ventures 331.2 11% TOTAL 2,942.6 100% LAND BANK LOCATION (in HAs) 42% *Mega Manila – Metro Provincial Manila and the neighbouring provinces of Cavite, Laguna, Rizal, 58% Batangas and Bulacan Mega Manila*

  14. Slide 14: Capital Expenditure

    CAPITAL EXPENDITURE 2020 Capital Expenditure PER ACTIVITY 9M20A FY20E budget of about ₱25 billion CONSTRUCTION 11.69 16.67 LAND DEVELOPMENT 4.16 5.83 LAND ACQUISITION 1.80 2.50 TOTAL (bn) 17.65 25.00 Spent ₱17.7B* Construction PER TYPE 9M20A FY20E for the 9M2020 CAPEX 3.89 5.33 *(71% of budget) WORK

  15. Slide 15: Digital Initiatives

    Digital Initiatives Online Reservation Platform Virtual Property Tour

  16. Slide 16: Recent Developments

    Recent developments Residential business segment Commercial business segment RS at 70% Pre- Resilient OF Restart launches 95% operational 45-55% precovid Occupancy Covid level remittance down GFA foot traffic rate at 89% 1.4% end of Sept (majority of tenants (System-wide) 2020 essential) Minimal ava

  17. Slide 17: Thank you!

    Thank you! 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 guarantee of future performance and involves a number of known and unkn

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