Robinsons Land Corp. · PSE:RLC

Robinsons Land — Shareholder Meeting (June 2017)

26 slides from Robinsons Land's shareholder meeting presentation, Jun 28, 2017

  1. Slide 1: Annual Shareholders' Meeting Presentation

    Annual Shareholders’ Meeting Presentation JUNE 28, 2017

  2. Slide 2: Portfolio at a glance: shopping centers, offices, hotels, residential

    44 SHOPPING CENTERS 67 RESIDENTIAL BUILDINGS STRONG CASHFLOW CONSUMER PLAY 35 HOUSING SUBDIVISIONS MULTIPLE LOCATIONS MULTIPLE BRANDS 13 OFFICE BUILDINGS 15 HOTELS LEADING BPO OFFICE SPACE PROVIDER DIVERSIFIED HOSPITALITY PORTFOLIO 17 MIXED-USE DEVELOPMENTS 2

  3. Slide 3: A Leading Philippine Property Company

    A LEADING PHILIPPINE PROPERTY COMPANY • Mall • Office Ilocos Norte • Residential RLC is a leading Philippine Projects •Mall property company, with broad • Mall Nueva Ecija Isabela •Mall geographical presence in Metro • Mall Tarlac Pangasinan •Malls Manila, Luzon, Visayas and •Residential Project Pam

  4. Slide 4: Diversified Business Model and Earnings Base

    DIVERSIFIED BUSINESS MODEL AND EARNINGS BASE MALLS INVESTMENT PORTFOLIO INFRASTRUCTURE AND INTEGRATED DEVELOPMENTS CY2016 Q1CY17 Revenue Contribution 66% 71% OFFICES EBITDA Contribution 85% 86% EBIT Contribution 78% 80% HOTELS DEVELOPMENT PORTFOLIO CY2016 Q1CY17 Revenue Contribution 34% 29% RESIDENT

  5. Slide 5: Financial Performance Highlights

    FINANCIAL PERFORMANCE HIGHLIGHTS vs. vs. vs. FY16 CY16 Q1 CY17 (In Php Millions) SPLY SPLY SPLY Revenues 22,512 +14% 22,809 +12% 5,434 -1% Cost and Expenses 10,488 +16% 10,762 +17% 2,514 +0% EBITDA 12,023 +13% 12,047 +8% 2,920 -2% EBIT 8,452 +12% 8,273 +5% 1,968 -6% Income before Tax 8,184 +8% 7,633

  6. Slide 6: Strong Financial Position

    STRONG FINANCIAL POSITION RLC has a sound financial position and capital base, and exhibits prudence in debt management TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php B) (in Php B) 129.3 62.9 62.8 124.4 111.7 58.4 CY2015 CY2016 Q1CY17 CY2015 CY2016 Q1CY17 EARNINGS PER SHARE NET DEBT TO EQUITY ₱1.45 ₱1.41

  7. Slide 7: Stable Cash Flows Anchored by Recurring Income and Revenue

    STABLE CASH FLOWS ANCHORED BY RECURRING INCOME AND REVENUE RLC’s investment portfolio generates steady earnings flow boosted by the growth potential from its development portfolio REVENUES (in Php B) EBITDA (in Php B) CAGR: +13% CAGR: +13% 13.86 16.55 17.46 20.31 22.81 7.50 8.73 9.23 11.11 12.05 67%

  8. Slide 8: Malls: Second largest mall operator in the Philippines

    REVENUES (in Php M) +8% 9,385 10,138 +11% 2,432 2,689  Second largest mall operator in the CY15 CY16 Q1CY16 Q1CY17 Philippines with 44 malls nationwide, 9 within Metro Manila and 35 in EBITDA (in Php M) other urban areas +8%  1,276,000 sqm in Gross Leasable 6,804 6,286 Area +10%  2,420,000 sqm in

  9. Slide 9: New Mall Developments, Expansions, Galleria Redevelopment

    NEW MALL DEVELOPMENTS Robinsons Galleria Cebu GLA: 58,900 sqm Date Opened: Dec. 2015 Robinsons Place Tagum Robinsons Place Gen. Trias Robinsons Place Jaro GLA: 34,700 sqm GLA: 33,700 sqm GLA: 23,200 sqm Date Opened: April 2016 Date Opened: May 2016 Date Opened: Sept. 2016 MALL EXPANSIONS GALLERIA RE

  10. Slide 10: Malls: Growth driven by strong domestic consumption

    Growth driven by strong domestic consumption REVENUES (in Php B) GLA (in millions sqm) CAGR: +11% CAGR: +9% 10.138 8.351 9.385 7.571 1.151 1.276 6.582 0.976 1.081 0.910 CY12 CY13 CY14 CY15 CY16 CY12 CY13 CY14 CY15 CY16 EBITDA (in Php B) EBIT (in Php B) CAGR: +10% CAGR: +6% 5.623 6.286 6.804 3.834 3.

  11. Slide 11: Offices: Leading BPO office space provider

    REVENUES (in Php M) +24% 3,004 2,430 +8% 683 734  Leading BPO office space CY15 CY16 Q1CY16 Q1CY17 provider with 331,000 sqm net leasable space EBITDA (in Php M)  Total leased space for our 13 +19% office developments is 97% 2,714 2,278  Dominant landlord in the +4% 611 633 Ortigas Central Busine

  12. Slide 12: New Office Developments

    NEW OFFICE DEVELOPMENTS Robinsons Galleria Cebu Complex Date Completed: Sept. 2016 NLA: 8,000 sqm Robinsons Place Ilocos Complex Date Completed: Sept. 2016 NLA: 7,000 sqm 12

  13. Slide 13: Offices: Growth buoyed by robust demand from IT-BPM sector

    Growth buoyed by robust demand from IT-BPM sector REVENUES (in Php B) NLA (in thousands sqm) CAGR: +21% CAGR: +14% 310 331 3.004 275 2.430 1.650 193 193 1.419 1.444 CY12 CY13 CY14 CY15 CY16 CY12 CY13 CY14 CY15 CY16 EBITDA (in Php B) EBIT (in Php B) CAGR: +19% CAGR: +21% 2.278 2.714 2.085 1.582 1.727

  14. Slide 14: Hotels: Multi-branded hotel portfolio

    REVENUES (in Php M) +1% 1,797 1,807 +6% 429 456 CY15 CY16 Q1CY16 Q1CY17  Multi-branded hotel portfolio spanning essential service hotels to standard and deluxe hotels, with 15 hotel EBITDA (in Php M) properties +5%  Company-owned brands continue to 673 643 expand and grow International Brands +8%

  15. Slide 15: New Hotel Developments

    NEW HOTEL DEVELOPMENTS Go Hotels Lanang Date Opened: Sept. 2016 No. of Rooms: 183 Karaksa Hotel Go Hotels Manila Airport Road Go Hotels North EDSA Location: Osaka, Kyoto Date Opened: Sept. 2016 Date Opened: Jan. 2017 No. of Rooms: 69 & 36 No. of Rooms: 199 No. of Rooms: 167 15

  16. Slide 16: Hotels: Growth boosted by flourishing hospitality industry

    Growth boosted by flourishing hospitality industry REVENUES (in Php B) No. of Hotel Rooms CAGR: +6% CAGR: +12% 1.797 1.807 1.500 1.580 1.441 2,174 2,357 1,790 2,019 1,505 CY12 CY13 CY14 CY15 CY16 CY12 CY13 CY14 CY15 CY16 EBITDA (in Php M) EBIT (in Php M) CAGR: +10% CAGR: +14% 643 673 563 467 533 498

  17. Slide 17: Residential: Sales Take-Up and Realized Revenues

    SALES TAKE-UP REALIZED REVENUES (NET OF CANCELLATIONS) -4% 9,100 8,723 2,490 -26% 807 952 2,532 306 3,064 827 1,843 +17% 277 5,083 7,861 483 3,564 1,116 6,695 -20% 734 1,939 1,554 678 1,143 240 349 CY2015 CY2016 1Q2016 1Q2017 CY2015 CY2016 Q1CY16 Q1CY17 CY16  EBITDA amounted to P1.86 billion  EBIT

  18. Slide 18: New Residential Project Launches

    NEW RESIDENTIAL PROJECT LAUNCHES Galleria Residences Cebu Tower 1 Acacia Escalades Brighton Bacolod Cebu City Pasig City Bacolod City Launch Date: Nov. 2015 Launch Date: Dec. 2015 Launch Date: Feb. 2016 Axis Residences Tower B Brighton Puerto Princesa The Residences at The Westin Mandaluyong City Pu

  19. Slide 19: Mall GLA expansion and upcoming openings

    +9% +8% +15% +1% 1.391 1.505 GLA (millions sqm) +16% +4% 1.262 1.276 1.056 1.095 .913 FY2013 FY2014 FY2015 FY2016 Oct-Dec '16 CY2017 CY2018 1 Expansion 3 New Malls 4 New Malls 1 Expansion 6 New Malls 2 New Malls 4 New Malls 2 Expansions 1 Expansion 1 Expansion Robinsons Place Naga Robinsons Place Il

  20. Slide 20: Office NLA expansion and upcoming openings

    +28% +22% 518 NLA (thousands sqm) +13% +7% 404 +42% 331 310 331 275 193 FY2013 FY2014 FY2015 FY2016 CY2016 CY2017 CY2018 Cyberscape Tera Tower Galleria Cebu Galleria Cebu Cyber Sigma Exxa Tower Alpha Ilocos Ilocos Cybergate Naga Zeta Tower Cyberscape Cybergate Delta Cyberscape Beta Tarlac Gamma Cybe

  21. Slide 21: Hotel rooms expansion and upcoming openings

    +19% +19% +4% +4% 3,348 +15% 2,815 +17% No. of Hotel Rooms 2,263 2,357 2,174 1,623 1,896 FY2013 FY2014 FY2015 FY2016 CY2016 CY2017 CY2018 Summit Galleria Cebu Summit Naga GoH- GoH- GoH-Lanang GoH-Lanang Summit Dusit Thani Mactan Alpha Ortigas Butuan Davao Davao Tacloban GoH-Naga Summit GoH-Iligan Ma

  22. Slide 22: Residential Sales Take-Up

    9,313 9,155 8,623 8,966 8,723 Sales Take-Up 5,749 FY2012 FY2013 FY2014 FY2015 FY2016 CY2016 22

  23. Slide 23: Capital Expenditure and Landbank (Philippines)

    CAPITAL EXPENDITURE AND LANDBANK (PHILIPPINES) CAPITAL EXPENDITURE (Philippines) Capital expenditure program in line with overall corporate strategy 16,984 16,000 14,975 15,778 14,274 14,218 10,769 10,283 8,495 6,423 Investment Capex 6,009 7,867 Development Capex Land Acquisition 4,328 3,982 4,228 3

  24. Slide 24: Recent Developments: Cainta Property Acquisition

    RECENT DEVELOPMENTS Acquisition in Philippines CAINTA PROPERTY Land Development to commence in 2017 Ortigas Extension, Plot Location Cainta, Rizal Plot Area 18 hectares Planned Development Mixed-use Nature of Acquired from Acquisition Mitsubishi Corporation Year Acquired 2015 24

  25. Slide 25: Recent Developments: Acquisition in Chengdu, China

    RECENT DEVELOPMENTS Acquisition in Chengdu, China CHENGDU BAN BIAN JIE Construction contract has been awarded Group 2/5/6 Ban Bian Jie Ji Tou Plot Location town, Wuhou District Plot Area 8.5 hectares Plot Ratio 2.6x Gross Floor Area 220,000 sqm Planned Development Mainly residential Total Land Price

  26. Slide 26: Thank You!

    THANK YOU!

Robinsons Land — Shareholder Meeting (June 2017) on 6ix