D.m. Wenceslao & Associates, Inc. · PSE:DMW
D.m. Wenceslao & Associates — H1 2021 Earnings Presentation
30 slides from D.m. Wenceslao & Associates's earnings presentation, Aug 17, 2021
Slide 1: 6M 2021 Analysts' Briefing
6M 2021 Analysts’ Briefing August 17, 2021 0
Slide 2: Disclaimer
Disclaimer The information in this document has been prepared by D.M. Wenceslao & Associates, Incorporated (“DMW”) and does not constitute a recommendation regarding the securities of DMW. The statements contained in this document speak only as at the date as of which they are made, and DMW expressl
Slide 3: Points of Focus
2 Points of Focus 7 Development Pipeline 15 Operating and Financial Highlights 23 6M 2021 Summary 25 COVID-19 Response 2
Slide 4: Updated summary of land holdings in Aseana City
Updated summary of land holdings in Aseana City Remaining Land Reserves (301,262 sq.m.) Land Used/Allocated for Development Land Allocated (268,097 sq.m.) for Future Sales (7,798 sq.m.) Completed Land Allocated for Properties Future Leases (38,420 sq.m.) (20,103 sq.m.) Land Holdings Land Leased (569
Slide 5: Value of properties inside of Aseana City
Value of properties inside of Aseana City Owned Land Holdings Completed Properties(1) Pipeline Properties Land area (sq.m.) Total leasable/saleable floor area (sq.m.) Leasable/saleable floor area (sq.m.) Roads and Pixel Parkside right of way Residences Place 2 Land currently MidPark 18,368 Aseana To
Slide 6: Metro Manila Office Market Update
Metro Manila Office Market Update Metro Manila Office Supply Forecast, end 2020 and 2023 Manila Bay Future Office Supply Among Highest from 2021-2023 change in % of total new 300K 2021 – 2023 supply 14,335,600 sq.m. Location end of 2020 end of 2023 % change sq.m. supply average: 684,200 sq.m. Others
Slide 7: Metro Manila Residential Market Update
Metro Manila Residential Market Update Metro Manila Residential Supply Forecast, end 2020 and 2023 Bay Area to Account for 60% of New Supply from 2021-2023 change in % of total new end of 2020 end of 2023 % change Location units supply 2021F – 2023F supply average: 8,333 units 158,460 units Alabang
Slide 8: Development Pipeline
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 7 Development Pipeline 15 Operating and Financial Highlights 23 6M 2021 Summary 25 COVID-19 Response 7
Slide 9: Pipeline of premier assets in construction inside Aseana City
Pipeline of premier assets in construction inside Aseana City Aseana Plaza (formerly Aseana Five and Six) Parqal MidPark Towers 8912 Asean Ave. 8
Slide 10: Pipeline Outside Aseana
Pipeline Outside Aseana 58 Jupiter St. 9
Slide 11: Pipeline Milestones: Commercial Projects
Pipeline Milestones: Commercial Projects July 15, 2020 Construction Progress 96% 10
Slide 12: Pipeline Milestones: Commercial Projects
Pipeline Milestones: Commercial Projects Construction Progress 45% 11
Slide 13: Pipeline Milestones: Commercial Projects
Pipeline Milestones: Commercial Projects Construction Progress 89% 12
Slide 14: Pipeline Milestones: Residential Projects
Pipeline Milestones: Residential Projects Turnover 99% Construction Progress 16% 13
Slide 15: Accessibility of Aseana City improved by LRT 1 Cavite Extension
Accessibility of Aseana City will further be improved by the LRT 1 Cavite Extension 14
Slide 16: Operating and Financial Highlights
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 7 Development Pipeline 15 Operating and Financial Highlights 23 6M 2021 Summary 25 COVID-19 Response 15
Slide 17: Stable recurring income
Stable recurring income PHP 6M 2021 6M 2020 Change (%) Rentals Land P493,423,860 P495,820,595 0% Building 389,076,298 409,877,477 -5% Other revenues 91,499,141 84,520,714 8% 973,999,299 990,218,786 -2% Construction contracts 2,203,181 15,643,101 -86% P1.2 billion in total revenues Sale of condominiu
Slide 18: In focus: Leasing
In focus: Leasing P974.0M Land We pay particular attention to recurring income sources to provide our lease with Ayala us with higher earnings visibility. We primarily target traditional Land provides for a companies, including logistics, BPOs, and gaming and tourism-related minimum guaranteed rent
Slide 19: Robust leasing activity reflects high level of sustainability
Robust leasing activity reflects high level of sustainability Recurring Income Contribution(1) (%) Total Leasable Floor Area(2) (sq.m.) Total recurring revenues 90,712 90,712 32% 40% 26% 31% 89,914 89,914 5% 7% 6M 2020 6M 2021 % to Total Revenues 64% 78% Land (PHP mm) 496 493 2018 2019 2020 6M 2021
Slide 20: In focus: Residential
In focus: Residential Residential sales % to Revenue contribution P266.7M total revenues We are complementing the speed of development in the area with 2018 6% Accounted for 21% of total revenues on the back of residential offerings in the mid-income and upscale categories, 2019 16% accounts that me
Slide 21: Superior profitability scorecard consistent with resilient portfolio
Superior profitability scorecard consistent with resilient portfolio Gross Profit (PHP mm) Operating Profit (PHP mm) 84% 80% 80% 76% 65% 67% 64% 62% 1,806 2,819 2,071 999 1,372 2,271 1,707 837 2018 2019 2020 6M 2021 2018 2019 2020 6M 2021 Gross Profit Gross Profit Margin Operating Profit Operating P
Slide 22: Financial strength supports growth aspirations
Financial strength supports growth aspirations Debt To Equity(1) (%) Return on Equity(2) (%) 14% 12% 13% 10% 11% 8% 6% 3% 2018 2019 2020 6M 2021 2018 2019 2020 6M 2021 Current Ratio(3) (x) Asset to Equity(4) (x) 1.61x 1.61x 1.64x 1.47x 1.41x 1.56x 1.51x 1.53x 2018 2019 2020 6M 2021 2018 2019 2020 6M
Slide 23: Progress Report on Use of proceeds
Progress Report on Use of proceeds Pixel Residences P283M 8912 Asean Ave. P2.2B Parqal P1.8B MidPark Towers P252M Aseana Plaza P109M Total applied offering proceeds as of June 30, 2021 22
Slide 24: 6M 2021 Summary
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 7 Development Pipeline 15 Operating and Financial Highlights 23 6M 2021 Summary 25 COVID-19 Response 23
Slide 25: Summary: 6M 2021 highlights
Summary: 6M 2021 highlights 6M 2021 Summary 2021 Outlook • Consolidated revenues amounted to ₱1.24 billion, and net • Completion of 8912 Asean Ave in 3Q2021 which will add income attributable to equity holders stood at ₱852.8 million over 69,000 sqms to our total GLA and will boost our in 6M 2021. r
Slide 26: COVID-19 Response
2 Points of Focus Aseana Plaza (formerly Aseana Five and Six) 7 Development Pipeline 15 Operating and Financial Highlights 23 6M 2021 Summary 25 COVID-19 Response 25
Slide 27: DMWAI's Response to the COVID-19 Pandemic
DMWAI’s Response to the COVID-19 Pandemic Supporting our Business Partners Expanding Reach to Clients: through these Trying Times Adopting to the New Normal ✓ More market-friendly terms such as no escalation ✓ Monthly virtual presentations and webinars via and lower rates were introduced to our smal
Slide 28: Q&A
Aseana City, our development project with total land area of 107.5 hectares located along the coastal waters of Manila Bay bordering the City of Pasay and the City of Parañaque Q&A www.dmwai.com www.aseanacity.com 27 iro@dmwai.com 27
Slide 29: Appendix: Consolidated Statements of Profit or Loss
Appendix: Consolidated Statements of Profit or Loss PHP 6M 2021 6M 2020 Change (%) Rentals Land P493,423,860 P495,820,595 0% Building 389,076,298 409,877,477 -5% Other revenues 91,499,141 84,520,714 8% 973,999,299 990,218,786 -2% Construction contracts 2,203,181 15,643,101 -86% Sale of condominium u
Slide 30: Appendix: Consolidated Statements of Financial Position
Appendix: Consolidated Statements of Financial Position PHP 30 Jun 2021 31 Dec 2020 Current Assets 13,191,306,419 12,249,418,082 Non-current Assets 21,134,774,171 20,607,603,420 Total Assets P 34,326,080,590 P 32,857,021,502 Current Liabilities 9,325,867,539 8,356,600,808 Non-current Liabilities 2,0
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