Robinsons Land Corp. · PSE:RLC

Robinsons Land — Q1 2018 Earnings Presentation

15 slides from Robinsons Land's earnings presentation, May 9, 2018

  1. Slide 1: Earnings Call Q1 CY2018

    EARNINGS CALL Q1 CY2018 MAY 9, 2018

  2. Slide 2: Strong Cash Flows Driven by Investment Portfolio

    STRONG CASH FLOWS DRIVEN BY INVESTMENT PORTFOLIO RLC’s investment portfolio Q1CY18 Investment portfolio posted: continues to account for a • +9% in Revenues major share in Revenues, • +9% in EBITDA EBITDA and EBIT • +7% in EBIT REVENUES (in Php B) EBITDA (in Php B) 22.81 22.52 12.05 12.48 20.31 11.1

  3. Slide 3: Financial Performance Highlights – Q1CY18

    FINANCIAL PERFORMANCE HIGHLIGHTS – Q1CY18 (PHP IN MILLIONS) REVENUE EBITDA EBIT % to % to % to Q1CY18 RLC YoY Q1CY18 RLC YoY Q1CY18 RLC YoY TOTAL RLC 6,357 100% 17% 3,339 100% 14% 2,262 100% 15% MALLS 2,881 46% 7% 1,870 56% 9% 1,033 46% 5% OFFICES 865 14% 18% 711 21% 12% 537 24% 12% HOTELS 475 7% 4%

  4. Slide 4: Malls: 2nd largest mall operator in the Philippines

    REVENUES +7%  2nd largest mall operator in the Philippines with 47 malls nationwide, 9 within Metro Manila and 38 in other urban areas  1,389,000 sqm in Gross Leasable Area  2,628,000 sqm in Gross Floor Area  95% latest system-wide occupancy EBITDA  Over 8,800 retailers +9% Partners EBIT +5% 4

  5. Slide 5: Offices: Leading IT-BPM office space provider

    REVENUES +18%  Leading IT-BPM office space provider with 405,000 sqm net leasable space  Total leased space for our 17 office developments is 96% EBITDA  Dominant office landlord in the Ortigas Central Business District +12% Partners EBIT +12% 5

  6. Slide 6: Hotels: Multi-branded hotel portfolio

    REVENUES +4%  Multi-branded hotel portfolio spanning essential service hotels to standard deluxe hotels.  Company-owned brands continue to EBITDA expand and grow  16 hotel properties with 2,552 rooms -4% across all segments International Brands EBIT Company-owned Brands -11% 6

  7. Slide 7: Residential: Net sales take-up and realized revenues

    NET SALES TAKE-UP REALIZED REVENUES +100% 3,689 +36% 1,843 EBITDA EBIT +44% +46% 7

  8. Slide 8: Project Launches

    PROJECT LAUNCHES The Magnolia Residences Tower D Radiance Manila Bay South Launched: March 2018 Launched: February 2018 Aurora Escalades Launched: February 2018 8

  9. Slide 9: Warehouse Facility

    REVENUES +723% Warehouse Facility EBITDA Turned Over in Q1CY18 EBIT Location Muntinlupa City GLA 32,000 sq.m. Property Type Warehouse Completion 1st quarter of 2018 9

  10. Slide 10: Robust Growth Prospects: Capex and Land Bank

    ROBUST GROWTH PROSPECTS CAPITAL EXPENDITURE (Philippines) Capital expenditure program in line with overall corporate strategy 23,556 22,500 Investment Capex 16,202 16,984 Development Capex 13,309 13,405 Land Acquisition 7,136 LAND BANK as of 31 March 2018 (Philippines) RLC will continue to scout for

  11. Slide 11: Robust Growth Prospects: Strategic Partnership Through Joint Ventures

    ROBUST GROWTH PROSPECTS Strategic Partnership Through Joint Ventures Particulars Sharing 50:50 60:40 in favor of RLC Location McKinley Parkway, Bonifacio Bridgetowne East in Pasig Global City in Taguig City City Approx. Lot Area 9,118 sqm. 18,037 sqm. Total Investment PhP 10 billion PhP 5.6 billion

  12. Slide 12: Robust Growth Prospects: Chengdu Ban Bian Jie

    ROBUST GROWTH PROSPECTS CHENGDU BAN BIAN JIE We have met the threshold to apply for license to sell Group 2/5/6 Ban Bian Jie Ji Plot Location Tou 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* RMB 1.31

  13. Slide 13: Future Plans

    FUTURE PLANS +7% +9% +9% +18% 1.610 1.389 1.508 +28% 613 1.276 +22% 518 NLA (thousands sqm) 405 GLA (millions sqm) 331 RP Tagum RP Iligan RP Ormoc RP San Pedro RP General Trias RP Naga RP Pavia RP Magnolia Exp. Cyber Sigma RP Jaro RP North Tacloban Exxa Tower Giga Tower RP Tuguegarao RP Dumaguete Ex

  14. Slide 14: Key Message

    KEY MESSAGE 1. Strong Earnings Growth: Net income up by 12% to P1.55B 2. Stable Recurring Income: Investment portfolio revenues increased by 9% to P4.25B driven by our malls and office businesses 3. Residential Revenues: Realized revenues increased by 36% to P2.1B 4. Record Sales Take-up: Net sales

  15. Slide 15: Thank You!

    THANK YOU! 15

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