Robinsons Land Corp. · PSE:RLC
Robinsons Land — 1H CY2022 Earnings Presentation
39 slides from Robinsons Land's earnings presentation, Aug 10, 2022
Slide 1: 1H CY2022 Analyst Briefing
1H CY2022 Analyst Briefing 10 August 2022 Robinsons
Slide 2: Outline
OUTLINE 1. 1H CY2022 FINANCIAL PERFORMANCE HIGHLIGHTS 2. 1H CY2022 OPERATIONAL HIGHLIGHTS 3. DIGITAL AND OTHER INITIATIVES 4. FUTURE PLANS AND STRATEGIES 5. 1H CY2022 ESG INITIATIVES 6. BOND OFFERING Contact Us: Investor Relations +63 2 8397 0334 investor.relations@robinsonsland.com
Slide 3: Business Portfolio
85 Residential Buildings BUSINESS PORTFOLIO (from 85 as of end 1Q CY2022) 52 Lifestyle Centers (from 53 as of end 1Q CY2022) 39 Housing Subdivisions (from 39 as of end 1Q CY2022) 28 Office Developments (from 28 as of end 1Q CY2022) 24 Hotels and Resort (from 24 as of end 1Q CY2022) 21 Mixed-Use Deve
Slide 4: Key Message
KEY MESSAGE 1. PROFITABILITY CONTINUES TO IMPROVE, REMAINS ABOVE PRE-PANDEMIC LEVELS ▪ Excluding BTE sales and impact of CREATE in 1H CY2021, 1H CY2022 net income increased by 41% ▪ Excluding BTE, CREATE and Chengdu, 1H CY2022 net income soared by 39% and was 5% higher than 1H CY2019 2. MALL BUSINES
Slide 5: Financial Performance Highlights
1H CY2022 FINANCIAL PERFORMANCE HIGHLIGHTS RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 5
Slide 6: Per BU Financial Performance Highlights
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS All BU’s registered positive in EBITDA REVENUE EBITDA EBIT % to % to % to (IN PHP MN) 1H CY2022 RLC YoY 1H CY2022 RLC YoY 1H CY2022 RLC YoY TOTAL RLC 27,495 100% +6% 9,694 100% +5% 7,083 100% +6% MALLS 5,715 21% +37% 2,924 30% +45% 1,110 16% +420% OFFICES 3,56
Slide 7: Diversified Business Model Provides Resilient Cash Flow
DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) 33.87 36.54 +6% 28.03 26.04 27.49 45% Investment 17.25 Portfolio 14.96 31% 38% 13.68 Investment 72% +29% YoY +5% 56% 9.69 Portfolio Development 82% 68% 9.21 +29% YoY Portfolio 70% 55% 69% 62% 53% 65% -5%
Slide 8: Solid and Healthy Financial Position
SOLID AND HEALTHY FINANCIAL POSITION TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 227.9 130.3 131.2 215.2 211.3 102.7 CY2020 CY2021 1H CY2022 CY2020 CY2021 1H CY2022 NET DEBT TO EQUITY EARNINGS PER SHARE 39% ₱1.55 30% ₱1.01 ₱0.91 23% CY2020 CY2021 1H CY2022 CY2020 CY2021 1H CY2022 RLC I
Slide 9: Operational Performance Highlights
1H CY2022 OPERATIONAL PERFORMANCE HIGHLIGHTS RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 9
Slide 10: Robinsons Malls
ROBINSONS MALLS ▪ 2nd largest mall operator in the Philippines REVENUES (Php Mn) RENTAL REVENUES (Php Mn) with 52 malls nationwide, 9 within Metro Manila and 43 in other urban areas +37% ▪ 1.6 Mn sqm in Gross Leasable Area +47% ▪ 3.0 Mn sqm in Gross Floor Area 5,716 4,183 3,856 ▪ 91% total leased pe
Slide 11: Mall Metrics vs Pre-Pandemic Levels
MALL METRICS vs PRE-PANDEMIC LEVELS Operational Gross Leasable Area Number of Operational Tenants 100% 100% 88% 87% 87% 88% 88% 83% 82% 81% 80% 75% 74% 74% 80% 77% 78% 72% 72% 70% 69% 68% 60% 60% 40% 40% 20% 20% 0% 0% 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q
Slide 12: New Mall
NEW MALL Robinsons Place Antipolo Expansion Location: Antipolo City Launch Date: May 28, 2022 Gross Leasable Area: 20,810 sqm RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 12
Slide 13: Robinsons Offices
ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn) ▪ A leading IT-BPM office space provider with 688,000 sqm net leasable space +12% +18% ▪ 93% leased percentage across 28 office 1,124 developments 865 3,563 3,168 3,086 ▪ 6 work.able centers 2,622 ▪ Dominant office landlord in the Ortigas Central 1
Slide 14: 1H CY2022 New work.able Center
1H CY2022 NEW WORK.ABLE CENTER work.able center in Cyber Omega RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 14
Slide 15: 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 -64% value hotels, mid-market boutique city and
Slide 16: 1H CY2022 New Hotels
1H 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 17: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) +9% 6,006 -11% 5,533 +47% 781 1,243 +97% +7% +70% 5,225 2,902 3,104 4,745 443 5,065 4,208 4,290 338 3,444 3,188 2,793 2,564 2,662 1,415 1,877 1H CY21 1H CY22 1Q CY22 2Q CY22 1H CY21 1H CY22 1Q CY22 2Q CY22 1H CY21 1H CY22 1Q
Slide 18: 1H CY2022 New Residential Projects
1H 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 19: 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 20: 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 +111% 59 +102% ▪ 7 industrial facilities all across Luzon 269 229 128 114 1H CY21 1H CY22 1H CY21 1H CY22 EBIT (Php Mn) +1
Slide 21: 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 2,788 -
Slide 22: 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 +68% ▪ US$24 Mn cash dividends have been paid 12,668 10,5
Slide 23: Capital Expenditures
CAPITAL EXPENDITURES Capital Expenditure Program for Philippine Operations remains in line with overall corporate strategy ₱ 25,398 ₱ 25,500 ₱ 24,816 ₱ 23,376 ₱ 22,507 ₱ 22,150 10,769 10,658 12,700 13,245 11,623 ₱ 12,543 3,251 9,056 5,313 3,274 Investment Capex 3,528 10,168 2,637 Development Capex 9
Slide 24: 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 87.1 1. Bridgetowne 19 67.8 2. Sierra Valley 12 10.7 3. Montclair 205 8.6 Metro Manila 4 6.7 Luzon 291 17.9 Visayas 131 14.9 Mindanao 145 6.2 TOTAL 8
Slide 25: Destination Estates
DESTINATION ESTATES 1. BRIDGETOWNE BEFORE (2017) PRESENT PRESENT ARTIST’S PERSPECTIVE Location: Quezon City & Pasig City Size: 31 hectares Bridgetowne Map 2. SIERRA VALLEY BEFORE (2018) PRESENT Location: Cainta, Rizal Size: 18 hectares Sierra Valley Map MASTERPLAN 3. MONTCLAIR BEFORE (2018) PRESENT
Slide 26: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 26
Slide 27: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES 1. Rmalls + App ▪ Launched: December 2021 ▪ Total Users/Downloads as of August 1, 2022: 116K 2. Robinsons Malls Tenants Portal ▪ Active User Participation in 2022: 83% Participating Malls Antipolo, Ilocos, Magnolia, Manila, Las Pinas CSAT Score • Customers - 4
Slide 28: Digital Solutions and Campaigns
DIGITAL SOLUTIONS AND CAMPAIGNS BRAND CAMPAIGN / DESIGN YOUR BEST LIFE RFO CAMPAIGN / READY FOR YOU Amplification of brand assets on Design Your Best Life Maximized presence in high traffic publisher sites scalable channels for reach Media Launch (Direct Ads, Advertorials, PR Seeding) Display banner
Slide 29: 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 RLC IR Team, (+632) 83970334 29 investor.relations@robinsonsland.com
Slide 30: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 30
Slide 31: Future Plans
FUTURE PLANS +1% +5% +4% 1,669 1,520 1,577 1,591 GLA (thousand sqm) CY2020 CY2021 CY2022 CY2023 •Tacloban Rehab Ph. 1 & 2 •Antipolo Expansion •Opus •Dumaguete Exp. Ph. 1 •RP Gapan •RP Pagadian •RP La Union •Less RP Forum +7% +12% +8% 793 741 688 613 NLA (thousand sqm) CY2020 CY2021 CY2022 CY2023 •De
Slide 32: Future Plans
FUTURE PLANS +30% +78% +0% 217 167 167 GLA (thousands sqm) 93 CY2020 CY2021 CY2022 CY2023 •RLX Calamba 1B •RLX Sucat 2 •RLX Calamba 2A •RLX Sierra •RLX San Fernando •RLX Sierra 2 •RLX Mexico +23% +11% 4,415 +31% +1% Sales Take-Up 3,588 No. of Hotel rooms 20,055 3,188 3,230 15,318 +48% -64% 10,811 -D
Slide 33: ESG Initiatives
1H CY2022 ESG INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 33
Slide 34: 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 Disaster Relief Efforts Anti-Bribery & Anti- Corruption Policy Community Developments • RLC is a fully comp
Slide 35: ESG Initiatives
ESG INITIATIVES Z : : tf s / ‘ Tree-Planting & Clean-Up Tnitittives 4. eae NY Buildings: Tera, Zeta& Giga J ve data & “Rel SS ae am” - r x sa ele ute for Climate 8 Sustathabie Locdill-Soureed, aukresh Produce tee Promote the art cultu nt IGSC) named Robinsons Place- t's Egit support) é livelihood of
Slide 36: Shelf Registration and Bond Offering
SHELF REGISTRATION AND BOND OFFERING RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 36
Slide 37: Php30 Bn Debt Securities Program
PHP30 BN DEBT SECURITIES PROGRAM Initial Offer of up to Php10.Bn with an oversubscription of up to Php5.0 Bn Indicative Timetable Filling of Registration Statement and June 6, 2022 Preliminary Prospectus Receipt of SEC Pre-effective Approval [August 10, 2022] Interest Rate Setting Date [August 10, 2
Slide 38: Thank You
THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 38
Slide 39: 1H CY2022 Earnings Call Presentation
FUTURE PLANS 1H CY2022 Earnings Call Presentation