Robinsons Land Corp. · PSE:RLC
Robinsons Land — Q1 FY2013 Earnings Presentation
10 slides from Robinsons Land's earnings presentation, Feb 12, 2013
Slide 1: Quarterly Investors' Briefing
QUARTERLY INVESTORS’ BRIEFING 12 February 2013 1
Slide 2: Financial Highlights – Q1 FY2013
FINANCIAL HIGHLIGHTS – Q1 FY2013 PhP MM REVENUES %Total YoY EBITDA %Total YoY EBIT %Total YoY RLC RLC RLC 3,726 100% 10% 2,025 100% 9% 1,459 100% 9% malls 1,772 47% 9% 1,282 63% 9% 870 60% 9% offices 358 10% 6% 353 17% 5% 256 17% 4% hotels 398 11% 17% 132 7% 24% 84 6% 43% residential 1,198 32% 9% 25
Slide 3: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP Mm) 47,763 46,573 72,845 64,966 70,647 39,037 FY11 FY12 Q1FY13 FY11 FY12 Q1FY13 RETURN ON EQUITY CURRENT NET DEBT TO EQUITY 10% 9% 9% 15% 13% 15% FY11 FY12 Q1FY13* FY11 FY12 Q1FY13 *Annualized 3
Slide 4: Second largest mall operator in the Philippines with 32 malls
REVENUES +9% 1,772 1,620 Second largest mall operator in the Philippines with 32 malls 910,000 sqm gross leasable space Q1FY12 Q1FY13 as of December 31, 2012 EBITDA 95.4% latest occupancy +9% 1,178 1,282 Q1FY12 Q1FY13 EBIT +9% 802 870 Q1FY12 Q1FY13 4
Slide 5: Leading BPO office space provider with 193,000 sqm net leasable
REVENUES +6% One of the Philippine’s leading 337 358 BPO office space provider with 193,000 sqm net leasable space Total occupancy for 8 completed Q1FY12 Q1FY13 buildings is 99.9% We continue to be a leading EBITDA +5% provider of office spaces to BPOs in the Philippines, with 353 78% of our office
Slide 6: Hotels Division
HOTELS DIVISION REVENUES EBITDA EBIT +17% +24% 398 +43% 341 107 132 84 59 Q1FY12 Q1FY13 Q1FY12 Q1FY13 Q1FY12 Q1FY13 Occupancy Rate 80% 81% 83% 85% 90% 69% 43% 52% 43% 48% Q1FY12Q1FY13 Q1FY12Q1FY13 Q1FY12Q1FY13 Q1FY12Q1FY13 Q1FY12Q1FY13 6
Slide 7: Residential Division – Sales Take-up
RESIDENTIAL DIVISION SALES TAKE-UP +84% 1,770 152 68% 295 961 17% 171 247 1,196 428 8% 7% 115 127 Q1FY12 Q1FY13 Net pre-sales Q1FY13 at PhP1.77B, 84% higher than same period last year 4 Expansion projects in Q1FY2013 • Communities - Axis Residences - Acacia Escalades • Homes - Bloomfields Cagayan De
Slide 8: Residential Division – Realized Revenues
RESIDENTIAL DIVISION REALIZED REVENUES +9% 1,198 1,097 Q1FY12 Q1FY13 Realized Revenues amounted to PhP1.2B EBITDA amounted to PhP258M EBIT amounted to PhP248M 8
Slide 9: Capital Expenditure and Landbank
CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 13,433 13,000 11,310 3,439 Investment Capex 7,520 Development Capex 4,945 3,732 7,026 Land Acquisition 6,227 1,741 4,101 3,534 4,010 2,780 6,262 2,270 2,831 1,706 1,470 655 FY2009 FY2010 FY2011 FY2012 FY2013F LANDBANK as of 31 December 2012 SUMMAR
Slide 10: Moving Forward – Future Plans & Strategies
MOVING FORWARD – Future Plans & Strategies +41% +10% +10% 273,000 +12% 1,000,000 1,100,000 910,000 194,000 193,000 813,000 Net Gross Leasable Leasable Area FY2011 FY2012 FY2013 FY2014 FY2011 FY2012 FY2013 Area 2 New Office Buildings Top 3 Malls 3 New Malls 4 New Malls 4 New Malls Cyberscape Alpha Re