Vista Land & Lifescapes, Inc. · PSE:VLL

Vista Land & Lifescapes — H1 2020 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

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

  3. Slide 3: 1H2020 Financial Highlights

    1H2020 FINANCIAL HIGHLIGHTS -21.7% -21.9% -39.3% REVENUE EBITDA NET INCOME 18.3B 7.5B 3.5B

  4. Slide 4: Vistamall Contribution

    VISTAMALL CONTRIBUTION ₱3.4B -3.2% REVENUE EBITDA 2% ₱2.7B ₱1.2B -7% NET INCOME

  5. Slide 5: Income Statement

    INCOME STATEMENT IN PHP MILLIONS 1H2020 1H2019 % Change Total Revenues 18,314 23,395 -21.7% Real Estate 12,773 18,026 -29.1% Rental Income 3,433 3,611 -4.9% Interest Income 1,006 978 2.8% Gross Profit (Residential) 6,260 9,410 -33.5% Gross Margin 49.0% 52.2% Operating Expenses 4,820 5,535 -12.9% EBI

  6. Slide 6: Residential Segment Update

    RESIDENTIAL segment update REVENUE -29.1% SALES -37.2% (In Php M) 25,745 1H20 9M19 12,773 9M18 40,993 1H19 9M19 18,026 9M18  Junes sales are already 70% pre-COVID level

  7. Slide 7: Real Estate Contribution

    REAL ESTATE CONTRIBUTION 1H 2020 1H 2019 CAMELLA CAMELLA VISTA RESIDENCES 40.1% VISTA RESIDENCES 34.5% CROWN ASIA 7.0% 9.8% 3.2% CROWN ASIA BRITTANY 1.5% 1.2% BRITTANY 0.2% COMMUNITIES PHILIPPINES COMMUNITIES PHILIPPINES 48.5% 54.0% :88.5% and 88.6% of total for 1H20 and 1H19, respectively

  8. Slide 8: Financial Condition

    FINANCIAL CONDITION IN PHP MILLIONS 06.30.2020 12.31.2019 % Change Cash and Investments 40,116 47,948 -16.3% Total receivables 66,459 57,834 14.9% Real Estate Inventories 42,161 41,401 1.8% Investment Properties 103,411 101,435 1.9% Total Assets 274,750 272,539 0.8% Interest Bearing Loans 137,774 14

  9. Slide 9: Gearing Ratio

    GEARING RATIO IN PHP MILLIONS 06.30.2020 12.31.2019 % Change Total Interest Bearing Debt* 137,774 140,365 -1.8% Cash and Investments 40,116 47,948 -16.3% Net Debt 97,658 92,417 5.7% Equity 103,499 99,953 3.5% Debt to Equity 1.33 1.40 Net Debt to Equity 0.94 0.92 *excludes receivables sold (with reco

  10. Slide 10: Debt Profile

    DEBT PROFILE Funding Sources Debt Maturity Profile 8% Bank Loans Retail Peso 26% Long Term 33% Bond Corporate 23% 18% Short Term 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

  11. Slide 11: 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 - - - As of 6/30/2020 1,271,002 226,227 1,497,229 31 62 COMMERCIAL 7 MALLS CENTERS OFFICES

  12. Slide 12: Commercial Space Layout

    COMMERCIAL SPACE LAYOUT 85:15 84:16 Mall vs BPO Mall vs BPO 1,497,229 1,404,762 79:21 Mall vs BPO 80:20 Mall vs BPO 1,060,495 79:21 Mall vs BPO 882,009 1,178,535 1,271,002 631,073 834,268 701,220 500,073 180,789 226,227 226,227 226,227 131,000 2015 2016 2017 2018 2019 BPO Malls and Retail Stores TOT

  13. Slide 13: Project Launches

    PROJECT LAUNCHES Launched 2 projects outside Metro Manila We are already present in with projects with an 49 provinces; 147 cities estimated total value & municipalities. of about ₱1.8B

  14. Slide 14: Land Bank

    LAND BANK TOTAL LAND AREA* (in HAs) % age Owned 2,616.9 89% Share in Joint Ventures 331.2 11% TOTAL 2,948.0 100% 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*

  15. Slide 15: Capital Expenditure

    CAPITAL EXPENDITURE 2020 Capital Expenditure PER ACTIVITY 1H20E 1H20A budget of about CONSTRUCTION 16.67 6.29 ₱25 billion Construction LAND DEVELOPMENT LAND ACQUISITION 5.83 2.50 2.15 0.95 TOTAL (bn) 25.00 9.39 Spent ₱9.4B for the 1H2020

  16. Slide 16: Recent Developments

    Recent developments Developments from Covid-19 Implications VLL’s response  Enhanced Community Quarantine Lower progress of construction Restrictions in place from March 16,  Temporary suspension of construction 2020 to May 31, 2020 activities impacted Real Estate sales recognised for 1H 2020 Mark

  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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