Robinsons Land Corp. · PSE:RLC
Robinsons Land — 9M CY2022 Earnings Presentation
41 slides from Robinsons Land's earnings presentation, Nov 9, 2022
Slide 1: 3Q/9MCY2022 Analyst Briefing
3Q/9MCY2022 Analyst Briefing 09 November 2022 Robinsons
Slide 2: Outline
OUTLINE 1. 9M CY2022 FINANCIAL HIGHLIGHTS 2. 9M CY2022 OPERATIONAL HIGHLIGHTS 3. DIGITAL AND OTHER INITIATIVES 4. FUTURE PLANS AND STRATEGIES 5. 9M CY2022 ESG INITIATIVES Contact Us: Investor Relations +63 2 8397 0334 2 investor.relations@robinsonsland.com
Slide 3: Key Message
KEY MESSAGE 1. PROFITABILITY CONTINUES TO ACCELERATE ABOVE PRE-PANDEMIC LEVELS 9M CY2022 net income grew by 21% YoY; and surpassed 9M CY2019 NIAT level 3Q CY2022 net income leaped by 151% YoY 2. MALL RENTAL REVENUES IS AT PRE-PANDEMIC LEVEL; (at 3Q2019 Rental Revenues) 3Q 2022 mall rental reve
Slide 4: Business Portfolio as of 3Q 2022
BUSINESS PORTFOLIO as of 3Q 2022 52 Lifestyle Centers 85 Residential Buildings 39 Housing Subdivisions 29 Office Developments (from 28 as of end 1H CY2022) 28 Mixed-Use Developments 24 Hotels and Resorts 8 work.able Centers (from 6 as of end 1H CY2022) 7 Industrial Facilities
Slide 5: 9M CY2022 Financial Highlights
9M CY2022 FINANCIAL HIGHLIGHTS 5
Slide 6: Solid and Healthy Financial Position
SOLID AND HEALTHY FINANCIAL POSITION TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 227.9 130.3 132.9 220.7 215.2 102.7 CY2020 CY2021 9M CY2022 CY2020 CY2021 9M CY2022 NET DEBT TO EQUITY EARNINGS PER SHARE 39% ₱1.55 31% ₱1.32 ₱1.01 23% CY2020 CY2021 9M CY2022 CY2020 CY2021 9M CY2022 6
Slide 7: Diversified Business Model Provides Resilient Cash Flow
DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) +16% 36.54 35.77 33.87 30.96 28.03 45% 17.25 +19% 46% Investment 38% 14.96 14.22 Portfolio 13.68 72% +39% YoY 11.92 Investment 56% Portfolio Development 82% 68% 69% +37% YoY Portfolio 70% 61% 55% 62% 54%
Slide 8: Revenue Recovery per Segment vs Pre-Pandemic Levels
REVENUE RECOVERY PER SEGMENT vs PRE-PANDEMIC LEVELS (2019 QUARTERS) 250% Business units’ revenues are above or within pre-pandemic levels 200% Malls revenue is 88% of 3Q2019 levels 150% Offices continuously perform better 135% compared to 2019 levels 100% 95% 99% Hotels 3Q2022 revenue is 95% o
Slide 9: Per BU Financial Performance Highlights (9M)
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS All BU’s registered positive in EBITDA REVENUE EBITDA EBIT % to % to % to (IN PHP MN) 9M CY2022 YoY 9M CY2022 YoY 9M CY2022 YoY RLC RLC RLC TOTAL RLC 35,766 100% +16% 14,221 100% +19% 10,251 100% +26% MALLS 9,251 26% +54% 4,736 33% +67% 2,023 20% +1,205% OFFIC
Slide 10: Per BU Financial Performance Highlights (3Q)
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS All BU’s registered double-digit positive growth in EBIT REVENUE EBITDA EBIT (In PhP Mn) 3Q CY2022 3Q CY2021 YoY 3Q CY2022 3Q CY2021 YoY 3Q CY2022 3Q CY2021 YoY TOTAL RLC 8,271 4,913 +68% 4,527 2,707 +67% 3,169 1,424 +122% MALLS 3,536 1,814 +95% 1,812 831 +118
Slide 11: 9M CY2022 Operational Highlights
9M CY2022 OPERATIONAL HIGHLIGHTS 11
Slide 12: Robinsons Malls
ROBINSONS MALLS 2nd largest mall operator in the Philippines REVENUES (Php Mn) RENTAL REVENUES (Php Mn) with 52 malls nationwide, 8 within Metro Manila and 44 in other urban areas +54% +70% 1.57 Mn sqm in Gross Leasable Area 3.0 Mn sqm in Gross Floor Area 9,251 6,308 5,997 91% total leased p
Slide 13: New Mall
NEW MALL Robinsons Place Antipolo Expansion Location: Antipolo City Launch Date: May 28, 2022 Gross Leasable Area: 20,810 sqm 13
Slide 14: Robinsons Offices
ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn) A leading IT-BPM office space provider with 707,000 sqm net leasable space +12% +15% 92% leased percentage across 29 office 1,124 developments 865 4,723 5,278 4,625 4,035 8 work.able centers Dominant office landlord in the Ortigas Central 9
Slide 15: New Office Building: Cybergate Galleria Cebu
9M CY2022 NEW OFFICE BUILDING Cybergate Galleria Cebu Location: Cebu City Completed Date: September 2022 Size in GLA: 19,500 sqm 15
Slide 16: New work.able Center in Cyber Omega
9M CY2022 NEW WORK.ABLE CENTER work.able center in Cyber Omega 16
Slide 17: New work.able Center in Giga
9M CY2022 NEW WORK.ABLE CENTER work.able center in Giga 17
Slide 18: Robinsons Hotels and Resorts
ROBINSONS HOTELS AND RESORTS Largest hotel developer and operator in the country in terms of number of hotel properties Multi-branded, continuously expanding hotel REVENUES (Php Mn) EBITDA (Php Mn) portfolio spanning 4 segments – essential service value hotels, mid-market boutique city and resor
Slide 19: New Hotels
9M CY2022 NEW HOTELS Go Hotels Plus Naga and Summit Hotel Naga Go Hotels Plus Tuguegarao Location: Naga City Location: Tuguegarao, Cagayan Valley Launch Date: Jan. 2022 Launch Date: Mar. 2022 No. of Rooms Opened (GH): 68 (as of June 30, 2022) No. of Rooms Opened: 75 (as of June 30, 2022) No. of Room
Slide 20: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) +33% 10,526 +8% 1,232 +62% 7,925 1,463 9,293 6,931 5,816 6,311 6,462 4,278 9M CY21 9M CY22 9M CY21 9M CY22 9M CY21 9M CY22 Joint Ventures EBITDA (Php Mn) EBIT (Php Mn) +11% +11% 2,085 2,311 2,147 2,389 9M CY21 9M CY22 9M CY21
Slide 21: New Residential Projects
9M CY2022 NEW RESIDENTIAL PROJECTS AmiSa Private Sierra Valley Gardens – Bldg. 3 Residences Tower D (SVG 3) Woodsville Crest – Pine Bldg. Location: Lapu-Lapu City, Cebu Location: Cainta, Rizal Location: Paranaque City Launch Date: Feb. 2022 Launch Date: Mar. 2022 Launch Date: Mar. 2022 No. of Units:
Slide 22: Joint Venture Projects
JOINT VENTURE PROJECTS Aurelia Velaris Sonora Location: McKinley, Bonifacio Location: Pasig City Location: Las Pinas City Global City Launch Date: Nov. 2019 Launch Date: Dec. 2019 Launch Date: Sep. 2019 No. of Units: 457 No. of Units: 867 No. of Units: 285 Sales Value: Php 8.9 Bn Sales Value: Php 5.
Slide 23: Robinsons Logistics and Industrial Facilities
ROBINSONS LOGISTICS AND INDUSTRIAL FACILITIES One of the leading industrial facility providers in REVENUES (Php Mn) EBITDA (Php Mn) the country with a total GLA of 167,000 sqm +104% 59 +89% 7 industrial facilities all across Luzon 406 346 199 183 9M CY21 9M CY22 9M CY21 9M CY22 EBIT (Php Mn) +89
Slide 24: Robinsons Integrated Developments
ROBINSONS INTEGRATED DEVELOPMENTS Montclair completed interchange exit near Clark Freeport Zone EBITDA (Php Mn) Latest residential project (SVG 3) launched in REVENUES (Php Mn) Sierra Valley Estate; All retail spaces therein are fully leased out. Land development of the east portion of 2,875 -
Slide 25: Chengdu Ban Bian Jie Project
CHENGDU BAN BIAN JIE PROJECT Residential condominiums and townhouses are 100% sold Total Project is 96% sold REVENUES (Php Mn) EBITDA (Php Mn) Phase 2 is 100% complete +21% US$224.5 Mn or 99.8% of capital invested has been repatriated +69% US$24 Mn cash dividends have been paid 12,682 10,5
Slide 26: Capital Expenditures
CAPITAL EXPENDITURES Capital Expenditure Program for Philippine Operations remains in line with overall corporate strategy ₱ 25,398 ₱ 24,816 ₱ 23,376 ₱ 22,507 ₱ 22,151 ₱ 19,722 11,238 10,658 12,700 9,704 13,245 7,731 5,086 3,251 3,694 3,888 6,168 Investment Capex 3,528 Development Capex 9,467 9,074
Slide 27: Landbank
LANDBANK RLC will continue to be on the lookout for strategic land bank across the country Area Value Location (Has.) (Php Bn) Destination Estates 236 87.4 1. Bridgetowne 19 67.7 2. Sierra Valley 12 9.4 3. Montclair 205 10.3 Metro Manila 4 6.7 Luzon 295 14.8 Visayas 131 14.9 Mindanao 145 6.2 TOTAL 8
Slide 28: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES 28
Slide 29: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES 1. Rmalls + App Launched: December 2021 Total Users/Downloads as of October 23, 2022: 154,432K 2. Robinsons Malls Tenants Portal Active User Participation in 2022: 84% Participating Malls Antipolo, Ilocos, Magnolia, Manila, Las Pinas 3. Mall Dash mobile
Slide 30: Digital Solutions and Campaigns
DIGITAL SOLUTIONS AND CAMPAIGNS May – July 2022 BRAND CAMPAIGN / HOME IS WITH RLC RESIDENCES SYNC N TOWER LAUNCH / LIFE IS AMAZING. LIVE IN SYNC. Amplification of RLC Brand Story Drive consideration Presence in high penetration online and offline channels to re-introduce Sync among home seekers thru
Slide 31: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES Launch of RHR Mobile App Can check brand portfolio, hotel locations and promotions Can make bookings and reservations 31
Slide 32: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES 32
Slide 33: Future Plans
FUTURE PLANS +5% +7% 1,669 +8% 793 +4% +1% +12% 741 688 GLA (thousand sqm) 1,591 NLA (thousand sqm) 1,577 1,520 613 CY2020 CY2021 CY2022 CY2023 CY2020 CY2021 CY2022 CY2023 •Tacloban Rehab •Antipolo Expansion •Opus Ph. 1 & 2 •Delta Tower 2 •Cyber Omega •Cybergate Galleria •GBF 1 •RP Gapan •RP Pagadia
Slide 34: Future Plans
FUTURE PLANS +36% 227 +78% +0% 167 167 GLA (thousands sqm) 93 CY2020 CY2021 CY2022 CY2023 •RLX Calamba 1B •RLX Sucat 2 •RLX Calamba 2A •RLX Sierra •RLX San Fernando •RLX Calamba 2B •RLX Mexico •RLX Sierra 2 +18% +11% 4,220 +31% +1% Sales Take-Up 3,577 No. of Hotel rooms 20,055 3,188 3,230 15,318 +48
Slide 35: ESG Initiatives
9M CY2022 ESG INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 36: ESG Initiatives
ESG INITIATIVES Responsible growth, reaching underserved markets, reshaping communities and creating value for stakeholders Environment Social Governance Solar Energy 24 Malls with Solar Power Robinsons Land Foundation , Inc Independent Directors Head Key Board Committees Giga Tower Office Building:
Slide 37: Environmental Activities
= < - = Ww = 2 2) = > yd Ww ROBINSONS PLACE PALAWAN PARTICIPATES IN LGU'S CLEAN-UP DRIVE RHomes CDO Plants 100 Trees RP ORMOC PARTICIPATES IN LGU'S CLEAN-UP RP SANTIAGO DONATES & PLANTS BAMBOO SAPLINGS IN DRIVE COOPERATION WITH CENRO RP TUGUEGARAO PARTICIPATES iN RP TACLOBAN JOINS LGU'S CLEAN-UP DRI
Slide 38: Social Activities
GC SUPPORTS UNIVERSITY OF SAN JOSE RECOLETOS'S RHR's Tie-Up With PWD MSMES FOOD FOR THOUGHT ul 1 Sry SY RP ROXAS DONATES TO BUREAU OF FIRE ‘& PROTECTION (BFP) ROXAS, CAPIZ id ; see Roxas : Tal = \ i satiny Pineda Elementary School Pasig BRIGADA ESKWELA RP La Union Turns Over COvID Vaccines. Donation
Slide 39: RLC Awards
RLC AWARDS Developer of the Year Best Developer (Luzon) Special Recognition in ESG Best Township Development Best Township Masterplan Design Best Industrial Development Best Lifestyle Development & Best Health & Wellness Dev’t Best Co-Working Space & Best Office Interior Design Bes
Slide 40: Thank You
THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 41: 9M CY2022 Analyst Briefing
FUTURE PLANS 9M CY2022 Analyst Briefing 41