Century Properties Group Inc. · PSE:CPG
Century Properties — FY2015 Earnings Presentation
30 slides from Century Properties's earnings presentation, April 2016
Slide 1: Century Properties Group Analysts Presentation
CENTURY PROPERTIES GROUP Analysts Presentation April 2016 STRICTLY CONFIDENTIAL 0
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER These materials have been prepared by Century Properties Group, Inc. (together with its subsidiaries, “CPGI”, the "Company”, or “Century”), and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be
Slide 3: Table of Contents
TABLE OF CONTENTS 1 Financial Performance 2 Key Messages 3 Construction Updates 2
Slide 4: Financial Performance
STRICTLY CONFIDENTIAL 1 FINANCIAL PERFORMANCE
Slide 5: Key Income Statement Accounts
KEY INCOME STATEMENT ACCOUNTS P Millions FY 2015 FY 2014 Revenues* 10,381 12,761 Cost and expenses 8,250 9,589 Income before income tax 2,130 3,171 Provision for income tax 611 1,012 Net income 1,519 2,158 4 Footnote: Operating Revenues P8.36B (2015), P11.32B (2014)
Slide 6: Increasing Recurring Income from Mall
INCREASING RECURRING INCOME FROM MALL Leasing Revenue increased by 51% with full year of operation of Century City Mall Leasing Revenue Php millions 2014 207.0 2015 311.7 Average Increase in Mall Foot Traffic (% change vs March 2014) 80% 72% 70% 64% 59% 60% 48% 50% 41% 40% 30% 20% 12% 8% 10% 0% Q2 2
Slide 7: Stable Revenues from Property Management
STABLE REVENUES FROM PROPERTY MANAGEMENT Total Revenues from Property Management PHP millions 2013 254.4 2014 285.7 2015 297.4 Largest Independent Property Manager with 54 Buildings Totaling 2.6M sqm under Management No. of GFA As of December 2015 projects (‘000 sqm) Residential 21 1,273 Commercial
Slide 8: Key Balance Sheet Accounts
KEY BALANCE SHEET ACCOUNTS As of December 2015 As of December 2014 Cash & cash equivalents 2,008 1,429 Total Assets 37,479 31,650 Total Borrowings 13,916 10,931 Net Debt 11,908 9,502 Total Stockholders Equity 14,634 13,304 Current Ratio 2.8x 2.8x Debt-to-Equity Ratio 1.0x 0.8x Net Debt-to-Equity Rat
Slide 9: Cash Flow Statement
CASH FLOW STATEMENT Php Million 2012 2013 2014 2015 Cash Flow from Operations (3,414) (1,633) (3,069) (1,086) Cash Flow from Investing (863) (1,499) (1,097) (967) Cash Flow from Financing 4,812 3,671 4,157 2,633 Change in Cash 535 537 (10) 579 Beginning Cash 367 902 1,439 1,429 Ending Cash 902 1,439
Slide 10: Collections and Balance Sheet
COLLECTIONS AND BALANCE SHEET Century’s liquidity continues to improve every year due to its growing collections, strong presales and receivables, and substantial support from the banking community Century’s collections have significantly grown by 15% in 2015 The Company has collected Php1B in D
Slide 11: Key Messages
STRICTLY CONFIDENTIAL 2 KEY MESSAGES
Slide 12: Significant Growth Since IPO
SIGNIFICANT GROWTH SINCE IPO In Million Php 2011 2015 4-Year CAGR Revenue 4,702 10,381 21.9% NIBT 1,247 2,130 14.3% NIAT 866 1,519 15.1% 2011 2015 Change Amount of Credit 2,395 13,998 11,603 Facilities (Php M) Interest Rate (1) 8.9% 6.5% 2.4% Un-Booked Revenue 24,801 26,046 5.0% 2011 to September 20
Slide 13: Project Completions at CPG's Six Master-Planned Developments Are on Track
PROJECT COMPLETIONS AT CPG’S SIX MASTER- PLANNED DEVELOPMENTS ARE ON TRACK At Century City, CPG has completed three residential towers and two commercial projects, Century City Mall and Centuria Medical Makati Another five towers have been delivered at Azure Urban Resort Residences in Paranaque
Slide 14: CPG Successfully Turned Over Six Residential Towers in 2015
CPG SUCCESSFULLY TURNED OVER SIX RESIDENTIAL TOWERS IN 2015 6 buildings with total units of 3,068, GFA of 234,000 sqm of gross floor area and sales value of Php15.2 Bn (VAT inclusive) This includes 1 building in Century City, 2 buildings in Acqua, 2 buildings in Azure, and 1 building in Commonwe
Slide 15: Century 2020
CENTURY 2020 We are timing our market launches to match market opportunities and needs Capital expenditures from 2016 through 2020 is estimated at P25 billion, consisting of both capex for residential and leasing assets. From 2016 through 2019, CPG will deliver another 20 towers comprising of cl
Slide 16: Project Updates
STRICTLY CONFIDENTIAL 3 PROJECT UPDATES
Slide 17: Centuria Medical Makati
CENTURIA MEDICAL MAKATI Completed in December 2014 A one-stop information technology outpatient medical facility that offers clinic and office spaces for sale to doctors and wellness practitioners Consist of office suites both for sale and for lease Equipped with hospital-grade facilities to e
Slide 18: Partner Updates
Partner Updates The following centers are the various medical and allied medical groups that have found their home in Centuria Medical Makati. 17
Slide 19: Partner Updates
Partner Updates The following centers are the various medical and allied medical groups that have found their home in Centuria Medical Makati. 18
Slide 20: Partner Updates
Partner Updates The following centers are the various medical and allied medical groups that have found their home in Centuria Medical Makati. 19
Slide 21: HMO Update
HMO Update We have already partnered with top local and international HMOs who will refer their clients and patients to Centuria Medical Makati. 20
Slide 22: The Milano Residences
THE MILANO RESIDENCES 21 THE MILANO ELEVATOR LOBBY
Slide 23: The Milano Residences
THE MILANO RESIDENCES THE MILANO LIBRARY 22
Slide 24: The Milano Residences
THE MILANO RESIDENCES 23 THE LIBRARY
Slide 25: The Milano Residences
THE MILANO RESIDENCES 24 HALLWAY LEADING TO THE BUSINESS CENTER
Slide 26: Trump Tower at Century City
TRUMP TOWER AT CENTURY CITY (CENTER) TRUMP TOWER AT CENTURY CITY 25
Slide 27: Trump Tower at Century City
TRUMP TOWER AT CENTURY CITY 26 (LEFT) TRUMP TOWER’S REAR SECTION, SHOWN HERE BESIDE GRAMERCY; (RIGHT) AS VIEWED FROM SEN. GIL PUYAT AVENUE, MAKATI
Slide 28: Azure Urban Resort Residences
AZURE URBAN RESORT RESIDENCES A view of the Miami Tower’s facade 27
Slide 29: Acqua Private Residences
ACQUA PRIVATE RESIDENCES 28 (from left) Niagara, Sutherland, Dettifoss, Livingstone, Iguazu and The Pebble rising amid the Mandaluyong skyline
Slide 30: Acqua Private Residences
ACQUA PRIVATE RESIDENCES Acqua Private Residences Acqua Sutherland Lobby Photos for January 2016 29 The lobby at Acqua Sutherland, tower 2 of the 2.4 hectare master-planned residential development
Century Properties Group — FY2015 Earnings Presentation on 6ix