Ayala Land Inc. · PSE:ALI
Ayala Land — Q1 2024 Earnings Presentation
12 slides from Ayala Land's earnings presentation, May 8, 2024
Slide 1: 1Q 2024 Performance Analyst Briefing
1Q 2024 Performance Analyst Briefing 08 May 2024
Slide 2: Agenda
Agenda 1Q 2024 Results • Financial Statements • Operating Statistics • Capex Ayala Land, Inc. 2
Slide 3: 1Q 2024 Performance Highlights
1Q 2024 Performance Highlights TOTAL REVENUES NET INCOME CAPEX NET GEARING P41.0B +33% P6.3B +39% P18.8B 0.74:1 Segment Revenues PROPERTY DEVELOPMENT COMMERCIAL LEASING SERVICES P25.0B +47% P10.9B +8% P4.2B +42% RESIDENTIAL SHOPPING CENTER NET CONSTRUCTION P21.4B +51% P5.5B +9% P2.7B +75% OFFICE and
Slide 4: Revenues of P41.0B +33%; Net Income of P6.3B +39%
Revenues of P41.0B +33%; Net Income of P6.3B +39% INCOME STATEMENT 1Q 2024 1Q 2023 Change % (in Php millions) Total Revenues 41,006 30,907 10,099 33% GAE RATIO Real Estate 40,117 30,122 9,996 33% 5.5% Interest and Other Income 889 786 103 13% 6.3% in 1Q 2023 Equity in Net Earnings of Associates/JVs
Slide 5: Revenue growth driven by robust residential and commercial lot bookings
Revenue growth was driven by robust residential and commercial lot bookings and additional external construction projects supported by stable leasing operations. REVENUE BREAKDOWN 1Q 2024 1Q 2023 Change % (in Php millions) Property Development 25,042 17,075 7,968 47% Residential 21,410 14,192 7,218
Slide 6: Residential Sales: 1Q24 P33.3B +20%
Residential Sales: 1Q24 P33.3B +20% RESERVATION SALES (in Php Billions) LAUNCHES 33.3 P13.7B (4 Projects) 30.6 28.0 27.6 27.7 27.6 28.0 85% Premium; 15% Core 24.1 25.2 100% Horizontal ALP Alveo Avida Amaia Bellavita 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 AVERAGE MONT
Slide 7: Higher occupancy and rents boosted leasing revenues
Higher occupancy and rents boosted leasing revenues MALLS OFFICES HOTELS RESORTS 2.1M sqm GLA 1.4M sqm GLA 4,491 rooms Branded: 660 El Nido: 187 34 Malls, 63 Amenity Retail 65 BPOs, 6 HQs Seda: 3,261 Lio B&Bs: 50 Circuit: 255 Sicogon B&Bs: 78 LEASE OUT RATE LEASE OUT RATE OCCUPANCY 65% (-4 pt) 56% (
Slide 8: Capex spend of P18.8B
Capex spend of P18.8B CAPEX BREAKDOWN 1Q 2024 (in Php billions) Actual Others Residential 9.3 1% Residential Malls 0.8 49% Offices 1.1 Hotels and Resorts 0.2 Estate Development Land Acquisition 1.6 30% Estate Development 5.6 Others 0.2 Total 18.8 P18.8B HISTORICAL CAPEX 109 Land 86 Acquisition 72 64
Slide 9: Well-managed debt with 91% contracted long-term, 75% fixed
Well-managed debt with 91% contracted long-term, 75% fixed; average borrowing cost of 5.2%, maturity of 4.1 years Total Borrowings: Php265.0B: Short-term Php23.6B (9%), Long-term Php241.4B (91%), Average Maturity 4.1 years Long-term Debt Maturity (in Php Billions) Short-term Debt Maturity (in Php Bi
Slide 10: A strong balance sheet with a net gearing ratio of 0.74:1
A strong balance sheet with a net gearing ratio of 0.74:1 Balance Sheet March December (in Php Millions) 2024 2023 Cash & Cash Equivalents 20,759 17,820 Total Borrowings 265,004 258,254 Stockholders’ Equity 328,480 319,929 Current Ratio 1.79 1.76 Debt-to-Equity Ratio 0.81 0.81 Net Debt-to-Equity Rat
Slide 11: 1Q 2024 Performance Highlights
1Q 2024 Performance Highlights TOTAL REVENUES NET INCOME CAPEX NET GEARING P41.0B +33% P6.3B +39% P18.8B 0.74:1 Segment Revenues PROPERTY DEVELOPMENT COMMERCIAL LEASING SERVICES P25.0B +47% P10.9B +8% P4.2B +42% RESIDENTIAL SHOPPING CENTER NET CONSTRUCTION P21.4B +51% P5.5B +9% P2.7B +75% OFFICE and
Slide 12: 1Q 2024 Performance Analyst Briefing
1Q 2024 Performance Analyst Briefing 08 May 2024