Vista Land & Lifescapes, Inc. · PSE:VLL
Vista Land & Lifescapes — Q1 2024 Earnings Presentation
15 slides from Vista Land & Lifescapes's earnings presentation, May 22, 2024
Slide 1: First Quarter 2024 Analyst's Briefing
First Quarter 2024 Analyst’s Briefing May 22, 2024
Slide 2: 1Q 2024 At a glance
1Q 2024 At a glance ₱10.1B ₱3.0B ₱5.6B ₱3.0B 61% GPM 55% Margin Total Revenue Net Income Gross Profit EBITDA ₱20.8B ₱349.5B ₱134.6B 0.84x Reservation Sales Total Assets Total Equity Net Debt to Equity
Slide 3: Income Statement
Income Statement In Php millions 1Q 2024 1Q 2023 % Change Total Revenues 10,147 9,166 11% Real Estate 4,902 4,469 10% Rental Income 4,071 3,591 13% Mall admin, hotel operations & misc. income 651 469 39% Interest Income 523 637 (18%) Gross Profit (Residential) 2,992 2,625 14% Gross Profit Margin 61.
Slide 4: Residential Segment
Residential Segment In Php Billion +12.0% +12.0% 20.8 1Q24 vs. 1Q23 18.6 +6.1% 1Q24 vs. 4Q23 1Q23 1Q24 1Q23 1Q24
Slide 5: Real Estate Revenue Contribution
Real Estate Revenue Contribution In Php Billion Communities Camella Philippines 28% 44% Vista Residences 17% Brittany 7% 4% Crown Asia Crown Asia 4% 1Q24 1Q23 5% Brittany 18% Vista Residences 46% 27% Communities Philippines Camella • Camella brand accounts for 74% and 71% for 1Q24 and 1Q23 respectiv
Slide 6: Commercial Space Summary
Commercial Space Summary 42 malls GROSS FLOOR AREA (GFA) in sqm % MALLS & RETAIL STORES 1,384,148 87 59 Commercial OFFICE 226,227 13 centers As of March 31, 2024 1,610,375 100 7 offices
Slide 7: Leasing Statistics
Leasing Statistics KEY STATS 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Operating GFA 100% 100% 100% 100% 100% 100% 100% 100% 100% Occupancy – system 86% 86% 86% 87% 87% 87% 87% 87% 87% wide Malls 85% 85% 85% 86% 86% 86% 86% 86% 86% Office 92% 92% 92% 92% 92% 92% 92% 92% 92% %pre-COVID level Foot
Slide 8: Financial Condition
Financial Condition In Php millions 1Q 2024 1Q 2023 % Change Cash and Investments 48,848 49,908 (2%) Total Receivables 89,395 83,403 7% Real Estate Inventories 64,167 63,771 1% Investment Properties 127,542 124,656 2% Total Assets 349,508 342,399 2% Interest Bearing Loans 161,995 161,331 - Total Lia
Slide 9: Gearing Ratio
Gearing Ratio In Php millions 1Q 2024 1Q 2023 % Change Total Interest Bearing Debt* 161,995 161,331 - Cash and Investments 48,848 49,908 (2%) Net Debt 113,147 111,423 2% Total Equity 134,562 132,862 1% Debt to Equity 1.20x 1.21x Net Debt to Equity 0.84x 0.84x *excludes receivables sold (with recours
Slide 10: Debt Profile
Debt Profile Funding Sources 34% Bank Loans ✓ We have a diverse funding Retail Peso Bond 15% sources and majority of our debt Corporate Note 27% USD Bonds 24% are long term in nature ✓ All term loans and debts have fixed interest rates. Debt Maturity Profile ✓ Full principal hedged- dollar denominat
Slide 11: Land bank
Land bank LAND BANK LOCATION 60% 40% TOTAL LAND AREA* (in HAs) % age Provincial Mega Manila* Owned 2,422.48 86% *Mega Manila – Metro Manila and the neighbouring provinces of Cavite, Laguna, Rizal, Batangas Share in Joint and Bulacan 411.20 14% Ventures TOTAL 2,833.68 100% *includes 192.46 hectares o
Slide 12: Project Launches
Project Launches As of March 31, 2024, we Querencia Towers have launched 4 projects Bramsole with an estimated value of about ₱10.1B Ourea Crosswalk
Slide 13: Capital Expenditures
Capital Expenditures Spent ₱7.1B as of March 31, 2024 In Php Billion (24% of 2024 CAPEX budget) 30.0 PER ACTIVITY 1Q24A FY24E CONSTRUCTION 4.9 21.2 0.6 LAND DEVELOPMENT 2.0 8.2 8.2 LAND ACQUISITION 0.2 0.6 TOTAL (bn) 7.1 30.0 7.1 PER TYPE 1Q24A FY24E 21.2 0.2 CAPEX 0.4 1.4 2.0 4.9 WORKING CAPITAL 6.
Slide 14: 2024 Strategy
2024 STRATEGY Horizontal projects in Vista Estates Solidify Provincial areas Upscale, Vertical, Commercial Projects Maximize Resort-type Development High-end Projects Optimize within Metro Manila Condo beside existing malls
Slide 15: Disclosures and forward-looking statements
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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