Filinvest Land Incorporated · PSE:FLI
Filinvest Land — 9M 2022 Earnings Presentation
17 slides from Filinvest Land's earnings presentation, Nov 17, 2022
Slide 1: 9M 2022 Results
9M 2022 Results November 17, 2022 1
Slide 2: Highlights
Highlights (In Millions) Income Before Total Option Total Revenues Income Tax Sales 9M PHP14,187M +8.4% 9M PHP2,653M +4.3% 9M PHP13,900M +15.0% Capex Net Debt To Equity Ratio PHP 12,292M 0.72:1
Slide 3: Revenue Breakdown
Revenue Breakdown (In Millions) Change 9M 2021 9M 2022 IN PHP % Real Estate Sales 8,185 8,982 797 10% Rentals & Related Services 4,281 4,680 399 9% Office Leasing 3,591 3,536 (56) -2% Retail Leasing 690 1,144 455 66% Equity in Net Earnings of an Associate 49 47 (2) -5% Other Income 571 479 (92) -16%
Slide 4: Inventory Value of Launches (9M 2022)
Inventory Value of Launches (9M 2022) –Php2,237 M Rizal – New Fields 2 Naga – Futura Monte Bulacan – Alta Vida Ph 4
Slide 5: Residential Sales Take Up
Residential Sales Take Up (In Millions) Quarterly Option Sales 13,900 5,584 5,673 4,508 +15% 3,719 3,587 2,933 12,105 Q1 Q2 Q3 2021 2022 9M 2021 9M 2022
Slide 6: Residential Sales Product Mix (9M 2022)
Residential Sales Product Mix (9M 2022) Noncore 3% Mid-Rise House & Lot Building 42% 44% High-Rise Building 11%
Slide 7: Real Estate Sales Revenues
Real Estate Sales Revenues (In Millions) 8,982 8,185 +10% 179 897 260 806 9M 2021 9M 2022 1,884 Medium Income 65% 67% 1,824 Affordable 22% 21% High end and others 10% 10% Socialized 3% 2% As of September 30, 2022 unbooked 6,021 5,295 revenues amounted to Php 25,576 Million. 9M 2021 9M 2022 Medium In
Slide 8: Leasing Revenues
Leasing Revenues (In Millions) Retail Leasing Office Leasing +66% 1,144 3,591 -2% 3,536 690 9M 2021 9M 2022 9M 2021 9M 2022 Increased occupancy rates from 57% to 65%. Reduced occupancy rates from 70% to 68%.
Slide 9: Income Statement
Income Statement (In Millions) 9M 2021 9M 2022 (Unaudited) (Unaudited) Revenues Real Estate Sales 8,185 8,982 Rental Revenues 4,281 4,680 Interest and Other Income 571 479 Equity in Net Earnings of an Associate 49 47 13,086 14,187 Costs Cost of Real Estate Sales 4,764 5,189 Cost of Rental Services 1
Slide 10: Margins
Margins 9M 2021 9M 2022 GPM of Real Estate Sales 41.8% 42.2% GPM of Rental Services 55.0% 52.8% % of G&A to Revenues 10.3% 10.4% % of S&M to Revenues 5.7% 6.0% Tax Rate -32.8% 14.4% Net Income Margin 25.8% 16.0% • Maintained margins for the residential business. • Lower margins for rental services d
Slide 11: Financial Position
Financial Position (In Millions) 31-Dec-21 30-Sep-22 % CHANGE Audited Unaudited Total Assets 193,224 199,653 3.3% Total Borrowings 68,472 72,664 6.1% Net Debt 58,813 65,227 10.9% Stockholders' Equity 89,790 90,920 1.3% D/E Ratio 0.76x 0.80x Net D/E Ratio 0.66x 0.72x Debt Profile as of September 30,
Slide 12: Capex Spent (9M 2022)
Capex Spent (9M 2022) (In Millions) Total – PHP12,292M Residential, P 5,283 M, 43% Office, P 4,751 M, 39% Retail and Industrial, P 360 M, 3% Landbank, P 1,898 M, 15%
Slide 13: Located within the Clark Mimosa+ to serve housing needs of office workers
LOCATED WITHIN THE CLARK TOTAL OF FOUR BUILDINGS: BUILDINGS A & B ALREADY MIMOSA+ TO SERVE THE HOUSING OPERATIONAL. 2 BUILDINGS COMPLETED NEEDS OF OFFICE WORKERS 276 ROOMS WITH MAX. 1,656 WITHIN THE TOWNSHIP 2 BUILDINGS UNDER BEDS CONSTRUCTION
Slide 14: Logistics and Industrial Parks
Logistics and Industrial Parks • Industrial lot sale in the Filinvest Technology Park in Calamba, Laguna
Slide 15: Multi-Awarded Developer
Multi-Awarded Developer Filinvest Land Inc was recognized by esteemed real estate property award-giving bodies from the Philippines and Asia. FLI sweeped Best Developer categories at the Dot Property Awards, winning Best Developer North Luzon and Best Developer Mindanao for the second consecutive ye
Slide 16: Multi-Awarded Developer
Multi-Awarded Developer Filinvest Land Inc has also been gaining recognition from local government - north and south. The Department of Human Settlements and Urban Development (DHSUD) in partnership with the Province of Pangasinan named FLI Best Performing Developer for a Condominium Project for Fut
Slide 17: Thank You!
Thank You!