Alliance Global Group Inc. · PSE:AGI
Alliance Global — Q1 2025 Earnings Presentation
32 slides from Alliance Global's earnings presentation, May 16, 2025
Slide 1: 1Q2025 Analysts' Briefing
1Q2025 Analysts’ Briefing May 16, 2025
Slide 2: Performance Highlights
Performance Highlights AGI P&L Highlights P&L Highlights, by key subsidiary 1Q2024 1Q2025* 18% MEG EMI TRAV Revenue 50% Share 51.9 50.6 32% 21.0 13.2 9.7 1% 5.1 30% 6.6 7.5 5.0 4.2 Attributable 1.9 Profit Share 0.1 69% Revenue Pre-minority Attributable Revenue Revenue Profit Profit Revenue Profit In
Slide 3: AGI 1Q25 Financial Performance
AGI 1Q25 Financial Performance In Pbn 1Q25 1Q24 YoY chg 4Q24 QoQ chg • Stronger earnings driven by increased contribution Core Revenues* 51.9 50.6 3% 62.0 -16% from real estate, hospitality, leasing segments, and Group Revenues 55.3 50.6 9% 62.0 -11% international spirits brands, coupled with effici
Slide 4: Group Borrowings
Group Borrowings Gross Borrowings AGI Gearing MEG EMI TRAV Parent & others Net debt (cash) Net debt/equity 0.47x 0.42x 0.42x 250 243 0.36x 0.36x 0.32x 222 218 215 214 44 43 173 178 34 41 41 44 63 138 142 61 53 57 56 119 119 52 33 33 32 34 25 24 103 110 105 86 94 95 2020 2021 2022 2023 2024 1Q25 2020
Slide 5: Group Gearing
Group Gearing MEGAWORLD EMPERADOR TRAVELLERS PARENT Net debt (cash) Net debt/equity Net debt (cash) Net debt/equity Net debt (cash) Net debt/equity Net debt (cash) Net debt/equity 0.39x 0.32x 0.31x 0.30x 1.44x 0.08x 0.28x 1.39x 0.24x 0.24x 0.20x 88.6 87.9 0.16x 1.13x 1.13x 0.22x 0.22x 0.12x 0.05x 0.
Slide 6: Capital Expenditure
Capital Expenditure AGI CAPEX, by key subsidiary 68 63 5 57 59 3 5 3 4 5 8 Q12025 Capex spent P12bn 5 5 4 48 4 (20% of the FY2025 budget) 1 36 4 2 1 6 1 46 50 51 50 P59bn FY2025 budget Others 38 28 12 TRAV 1 1 EMI 10 MEG 2020 2021 2022 2023 2024 1Q25 2025E 6 All items are in billion pesos
Slide 7: Enhancing Shareholder Value
Enhancing Shareholder Value SHARE BUYBACK PROGRAM ISSUANCE OF WARRANTS 96% • Underlying Shares: 2.22 billion AGI common shares • Exercise Price: P12 per share • Warrants will be made available to existing AGI shareholders. • Full details on the terms of the warrants issue will be announced soon. AGI
Slide 8: Megaworld Corporation
Megaworld Corporation 1Q2025 Financial Performance 35 4,436 1,481 Township and Integrated Landbank Office GLA Lifestyle Communities (has) (‘000 sqm) 517 5,398 Lifestyle Malls GLA Hotel (‘000 sqm) Room Keys
Slide 9: MEG 1Q2025 Financial Performance
MEG 1Q2025 Financial Performance In Pbn 1Q25 1Q24 YoY chg 4Q24 QoQ chg • Robust profit growth driven by healthy Revenues 21.0 18.9 11% 21.9 -4% topline performance, improved margins Residential 13.1 12.1 8% 13.1 0% amid cost efficiencies, and FX gains. Office 3.7 3.2 17% 3.7 -2% • Residential segmen
Slide 10: MEG P&L Performance - Quarterly
MEG P&L Performance - Quarterly REVENUE EBITDA NET INCOME Development Rental Hotels Development Rental Hotels 9.3 20.1 9.0 9.0 9.0 5.2 19.9 8.5 0.2 5.0 5.1 18.6 19.1 0.2 0.2 0.2 17.9 1.5 1.4 0.2 1.2 1.3 4.4 1.1 4.1 4.8 5.5 5.3 4.7 4.5 4.6 5.0 4.6 4.4 5.1 12.1 12.7 13.0 13.1 13.1 4.0 4.4 4.2 4.1 3.7
Slide 11: MEG Key Operating Segments - Quarterly
MEG Key Operating Segments - Quarterly RES VS GROSS PROFIT RENTAL VS EBITDA MARGIN HOTEL REV VS EBITDA MARGIN Real Estate Sales Gross Profit Development GP Margin Rentals Rentals EBITDA EBITDA Margin Rentals Rentals EBITDA EBITDA Margin 51% 50% 50% 50% 50% 88% 88% 88% 88% 87% 15% 16% 14% 14% 14% 1.5
Slide 12: Capex budget, project launches, reservation sales targets
2 NEW TOWNSHIPS CAPEX BUDGET P50bn PROJECT LAUNCHES P20bn RESERVATION SALES P130bn 12
Slide 13: Targets: offices, malls, hotels pipeline
TARGETS PREMIER OFFICES LIFESTYLE MALLS 139.3k PIPELINE 151.1k PIPELINE 2025-2026 2025-2026 HOTELS 3,580 ADDITIONAL HOTEL ROOM KEYS 2025-2029 13
Slide 14: Gordon Ramsey in Mactan Newtown, Cebu
Gordon Ramsey in Mactan Newtown, Cebu 14
Slide 15: Travellers International Hotel Group, Inc.
Travellers International Hotel Group, Inc. 1Q2025 Financial Performance 2,742 5 75% Hotel International Hotel Occupancy Room Keys Hotel Brands (1Q2025) 480 2,352 VIP and Mass Slots Gaming Tables
Slide 16: Travellers 1Q2025 Financial Performance
Travellers 1Q2025 Financial Performance In Pbn 1Q25 1Q24 YoY chg 4Q24 QoQ chg Total Gross Revenues 9.7 9.2 5% 10.2 -4% Gross Gaming Revenue 7.9 7.5 6% 7.7 3% • Sharp growth in net revenues amid a sustained increase in the non-gaming Mass 4.0 4.3 -7% 4.3 -8% segment, while controlled VIP 3.9 3.2 23%
Slide 17: Travellers P&L Performance - Quarterly
Travellers P&L Performance - Quarterly GROSS REVENUES EBITDA Gross Gaming Non-Gaming 3.2 10.9 2.6 10.2 9.7 9.2 1.9 9.6 2.5 2.0 2.1 1.7 1.8 1.8 1.4 9.0 7.5 7.9 7.7 7.9 Q124 Q224 Q324 Q424 Q125 Q124 Q224 Q324 Q424 Q125 17 All items are in billion pesos
Slide 18: Travellers Key Operating Segments - Quarterly
Travellers Key Operating Segments - Quarterly GGR: MASS vs VIP AVERAGE DAILY VISITORS Mass VIP 9.0 45.6 45.0 7.9 7.7 7.9 7.5 44.1 4.5 3.2 3.6 3.3 3.9 41.8 40.7 4.3 4.5 4.3 4.3 4.0 Q124 Q224 Q324 Q424 Q125 Q124 Q224 Q324 Q424 Q125 18 Note: All items are in billion pesos except average daily visitors.
Slide 19: Newport Casino Online
NEWPORT CASING NLINE ( www.newportworldcasino.online | PLAY ANYTIME, ANYWHERE Fun, easy, and secure gaming, just a click away.
Slide 20: Travellers Expansion Plans
Travellers Expansion Plans Boracay Newcoast Westside City Mactan Newtown 20
Slide 21: The biggest player in the PH leisure and tourism sector
CURRENT PORTFOLIO 2,742 Hotel Room Keys The biggest player in the PH leisure and tourism sector CURRENT PORTFOLIO 5,398 Hotel Room Keys 21
Slide 22: AGI Pursuing Expansion of MICE Venues
4,000 seating capacity 1,200 seating capacity 2,500 seating capacity Marriott Grand Ballroom Boracay Newcoast Convention Center Mactan Expo Center AGI Pursuing Expansion of MICE Venues
Slide 23: Emperador Inc.
Emperador Inc. 1Q2025 Financial Performance 6 5 Vineyards Distilleries in Spain in Scotland >100 25 Countries under Domestic Global Distribution System Sales Office
Slide 24: EMI 1Q2025 Financial Performance
EMI 1Q2025 Financial Performance In Pbn 1Q25 1Q24 YoY chg 4Q24 QoQ chg Revenues 13.2 13.1 1% 18.4 -28% Brandy 8.7 7.9 10% 11.3 -24% • Revenue growth driven by improved brandy sales, mitigating softer demand for whisky Whisky 4.5 5.2 -13% 7.1 -36% amid ongoing global macro challenges Gross Profit 3.6
Slide 25: EMI P&L Performance - Quarterly
EMI P&L Performance - Quarterly NET REVENUE EBITDA - REVENUES ATTRIBUTABLE INCOME* Brandy Whisky Brandy Whisky 18.4 2.1 15.5 14.6 1.9 7.1 - 13.1 13.2 1.7 1.5 0.4 6.7 1.2 6.2 4.5 5.2 0.9 1.0 1.5 11.3 1.4 8.8 8.3 8.7 0.9 7.9 0.9 0.8 0.0 0.0 Q124 Q224 Q324 Q424 Q125 Q124 Q224 Q324 Q424 Q125 25 (*) Norm
Slide 26: EMI Key Operating Segments - Quarterly
EMI Key Operating Segments - Quarterly WHISKY REVENUE, EBITDA BRANDY REVENUE, GROSS PROFIT , MARGIN GROSS PROFIT , MARGIN Whisky revenue Gross profit Margin Brandy revenue Gross profit Margin 44% 44% 44% 25% 24% 24% 42% 20% 18% 7.1 6.7 6.2 37% 11.3 5.2 4.5 8.8 8.7 7.9 8.3 3.0 3.2 2.6 2.3 1.7 1.9 2.2
Slide 27: Emperador Expansion Project
Emperador Expansion Project Invergordon Distillery Emperador Vineyard in Spain Expansion of Maturation Complex Expansion of Vineyard Farmland Doubling footprint to 92 hectares and to build 120 new Significantly increase its current grape farming warehouses in the coming decades for an additional 1.5
Slide 28: Dalmore is in Cambodia
Sse% ROSEWOOD — ete PHN ONO AN 1 Dalmore 7 | is in Cambodia " 4 se * { 8 Vad Rasy » Shae
Slide 29: Los Danzantes Acquisition
Los Danzantes Acquisition Emperador, through its subsidiary Casa Pedro Domecq, acquired a majority stake in Los Danzantes – a premium Mezcal company
Slide 30: CLVB EMPI
CLVB EMPERADOR Introducing CLVB EMPI — not just another drink but a brand built for the next generation. Designed for young drinkers who know what they want, CLVB EMPI is all about effortless smoothness, a fresh vibe, and a delicious taste that keeps them coming back. 30
Slide 31: Key Takeaways
Key Takeaways ▪ AGI was off to a good start, with a double-digit earnings growth in 1Q2025, largely driven by its real estate, leasing and hospitality segments, as well as higher contribution from international spirits brands, alongside conscious cost management efforts. ▪ AGI maintains cautious opt
Slide 32: 1Q2025 Analysts' Briefing
1Q2025 Analysts’ Briefing May 16, 2025
Alliance Global Group — Q1 2025 Earnings Presentation on 6ix