Vista Land & Lifescapes, Inc. · PSE:VLL
Vista Land & Lifescapes — Q1 2021 Earnings Presentation
15 slides from Vista Land & Lifescapes's earnings presentation, May 24, 2021
Slide 1: Q1 2021 Analysts' Briefing
WISTA LAND Q1 2021 ANALYSTS’ BRIEFING May 24, 2021 /
Slide 2: Q1 2021 At a Glance
qi 9021 A ‘WISTA LAND Sustained RS Growth in 10; Posted 14% QoQ & 4% YoY RS growth wa: Real estate revenue up 65% QoQ FR Ee) = A GLANCE
Slide 3: 1Q 2021 Financial Results Summary
IN PHP MILLIONS 1Q 2021 1Q 2020 % Change Total Revenues 9,202 10,265 -10% Real Estate 6,251 7,200 -13% Rental Income 2,001 2,198 -9% Interest Income 623 517 21% Gross Profit (Residential) 3,259 3,457 -6% Gross Margin 52.1% 48.0% Operating Expenses 2,379 2,693 -12% EBITDA (Consolidated) 3,886 4,176 -
Slide 4: Real Estate Revenue by Quarter
(In Php M) +14% 16,063 15,493 13,847 14,084 10,252 1Q20 2Q20 3Q20 4Q20 1Q21
Slide 5: Real Estate Revenue Contribution
REAL ESTATE REVENUE CONTRIBUTION Vista tao P10.2020 CAMELLA 21.3% CAMELLA 22.3% COMMUNITIES ouLPPnes 51.8% PHILIPPINES Mi Camella: 79% and 80% of total for 121 and 1Q20, respectively VISTA RESIDENCES 18.1% VISTA RESIDENCES “yy ; CROWN ASIA 39% CROWN ASIA 1.1% = AS ee BRITTANY 1.9% 57.6%
Slide 6: Balance Sheet Summary
IN PHP MILLIONS 1Q 2021 FY 2020 % Change Cash and Investments 47,603 49,596 -4% Total receivables 68,237 64,628 6% Real Estate Inventories 40,181 44,371 -9% Investment Properties 107,439 105,873 1% Total Assets 281,976 284,057 -1% Interest Bearing Loans 141,129 141,377 0% Total Liabilities 174,198 1
Slide 7: Debt and Leverage
IN PHP MILLIONS 1Q 2021 FY 2020 % Change Total Interest Bearing Debt* 141,129 141,377 0% Cash and Investments 47,603 49,596 -4% Net Debt 93,526 91,781 2% Equity 107,778 105,680 2% Debt to Equity 1.31 1.34 Net Debt to Equity 0.87 0.87 *excludes receivables sold (with recourse) to banks classified as
Slide 8: Debt Mix
Bank Loans 31% 30% 9% Retail Peso Bond Long Term Corporate Note Short Term 21% 18% 91% USD Bonds
Slide 9: Gross Floor Area (GFA) in sqm
GROSS FLOOR AREA (GFA) in sqm MALLS & RETAIL STORES OFFICE TOTAL As of 12/31/2020 1,362,467 226,227 1,588,694 ADD - - - As of 1,362,467 226,227 1,588,694 03/31/2021
Slide 10: Mall vs BPO
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 1,271,002 79:21 1,178,535 631,073 834,268 701,220 500,073 180,789 226,227 226,227 226,227 226,227 131,000 2015 2016 2017 2018 2019 2020 BPO Malls and Retail Stores Total
Slide 11: Project Launches
PROJECT LAUNCHES Vista LAND Launched 2 low and affordable projects outside Metro Manila with an estimated total project value of about 1.38 We are already present in f {/- Y 49 provinces; 147 cities& > 5 municipalities.
Slide 12: Total Land Area
TOTAL LAND AREA* (in HAs) % age Owned 2,637.1 89% Share in Joint Ventures 331.2 11% TOTAL 2,968.3 100% *includes 144.1 hectares of STR’s land bank
Slide 13: Capital Expenditure Budget
2.20 Land Acquisition/Advances to joint venture projects PER ACTIVITY 1Q21A FY21B 6.50 Land Development CONSTRUCTION 3.9 18.3 Construction LAND DEVELOPMENT 1.3 6.5 LAND ACQUISITION 0.5 2.2 TOTAL (bn) 5.6 27.0 18.30 PER TYPE 1Q21A FY21B 0.50 1.30 CAPEX 1.0 5.1 3.90 WORKING CAPITAL 4.6 21.9 FY21B 1Q21
Slide 14: Key Messages
KEY MESSAGES Vista Lano i t Optimistic on OF demand with OF remittance Resilient leasing portfolio - majority essential tenants; / My ey posting growth for two with potential upside on vaccination rollout status of te consecutive months; OF host countries advanced in the country; potential office RE
Slide 15: Forward-looking statements and disclosures
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 a guarante
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