Robinsons Land Corp. · PSE:RLC
Robinsons Land — Q1 2023 Earnings Presentation
41 slides from Robinsons Land's earnings presentation, May 11, 2023
Slide 1: 1Q CY2023 Analyst Briefing
1Q CY2023 Analyst Briefing 11 May 2023 Robinsons
Slide 2: Agenda
Agenda 1. 1Q CY2023 FINANCIAL HIGHLIGHTS 2. 1Q CY2023 OPERATIONAL HIGHLIGHTS 3. DIGITAL AND OTHER INITIATIVES 4. FUTURE PLANS AND STRATEGIES 5. 1Q CY2023 ESG INITIATIVES
Slide 3: Key Message
KEY MESSAGE: 1. RLC POSTED STRONG 1QCY2023 REVENUES OF PHP9.28 Bn (+39%) & NET INCOME OF Php2.66 Bn (+90%), SURPASSING 1Q19 LEVELS ▪ EPS increased by 95%YoY to Php0.53/sh; NET BOOK VALUE at Php26.36 per share 2. RESIDENTIAL REVENUES REACHED PHP2.38 Bn (+68%) IN 1Q ON HIGHER RECOGNITON & CONSTRUCTION
Slide 4: Business Portfolio
53 Lifestyle Centers 88 Residential Buildings from 86 as of end 4Q CY2022 40 Housing Subdivisions Business Portfolio 31 Office Developments As of 1Q CY2023 29 Mixed-Use Developments from 28 as of end 4Q CY2022 26 Hotels & Resorts from 25 as of end 4Q CY2022 work.able Centers 9 from 8 as of end 4Q CY
Slide 5: Financial Highlights
1Q CY2023 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) 223.4 224.8 135.4 136.4 NET BOOK VALUE PER SHARE ₱25.59 ₱26.36 CY2022 1Q CY2023 CY2022 1Q CY2023 NET DEBT TO EQUITY EARNINGS PER SHARE CY2022 1Q CY2023 33% 34% ₱0.53 ₱0.27 CY2022 1Q CY2023 1Q CY2022 1Q CY2
Slide 7: Diversified Business Model Provides Resilient Cash Flow
DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) 45.50 36.54 19.35 Investment 51% 14.96 45% Portfolio Investment +38% YoY 70% 70% Portfolio +39% Development 67% +31% YoY 55% 9.28 Portfolio +35% 49% Development 6.69 73% +42% YoY 5.03 Portfolio 74% 3.73 2
Slide 8: Per BU Financial Performance Highlights
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS REVENUE EBITDA EBIT % to % to % to (IN PHP MN) 1Q CY2023 YoY 1Q CY2023 YoY 1Q CY2023 YoY RLC RLC RLC TOTAL RLC 9,280 100% +39% 5,028 100% +35% 3,722 100% +55% MALLS 3,908 42% +46% 2,285 46% +53% 1,431 38% +160% OFFICES 1,846 20% +4% 1,580 31% +3% 1,325 36% +2%
Slide 9: Operational Highlights
1Q CY2023 OPERATIONAL HIGHLIGHTS 9
Slide 10: Robinsons Malls
ROBINSONS MALLS ▪ 2nd largest mall operator in the Philippines REVENUES (Php Mn) RENTAL REVENUES (Php Mn) with 53 malls nationwide, 8 within Metro Manila and 45 in other urban areas +46% ▪ 1.6 Mn sqm in Gross Leasable Area +55% ▪ 3.1 Mn sqm in Gross Floor Area 3,908 2,674 2,785 ▪ 91% total leased pe
Slide 11: Robinsons Offices
ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn) ▪ A leading IT-BPM office space provider with 741,000 sqm gross leasable space +4% +3% ▪ 89% leased percentage across 31 office developments 1,124 ▪ 9 work.able centers 865 1,774 1,846 1,528 1,580 ▪ Dominant office landlord in the Ortigas Central B
Slide 12: 1Q CY2023 New work.able Center
1Q CY2023 NEW WORK.ABLE CENTER Omega 3 Location: Ortigas Center, Pasig City Completion Date: March 2023 12
Slide 13: 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 14: 1Q CY2023 New Hotel
1Q CY2023 NEW HOTEL The Westin Manila Location: Mandauyong City Opening Date: March 12, 2023 No. of Keys: 303 14
Slide 15: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) 2,377 +68% +94% 293 5,616 +166% 258 1,415 5,358 141 +64% 2,902 2,084 w/o JV Equity 4,986 338 1,274 2,564 1,877 1Q CY22 1Q CY23 1Q CY22 1Q CY23 1Q CY22 1Q CY23 Joint Ventures Joint Ventures EBIT (Php Mn) EBITDA (Php Mn) 812 +8
Slide 16: 1Q CY2023 New Residential Projects
1Q CY2023 NEW RESIDENTIAL PROJECTS Le Pont Sierra Valley Garden 4 Location: Cainta Launch Date: Feb. 2023 No. of Units: 400 Launched Sales Value: Php 2.8 Bn Location: Quezon City Launch Date: Jan, 2023 No. of Units: 431 Launched Sales Value: Php 10.6 Bn 16
Slide 17: New Joint Venture Project - SRPI
NEW JOINT VENTURE PROJECT - SRPI Haraya Location: Bridgetowne, Pasig City Launch Date: Feb. 2023 No. of Units: 558 Launched Sales Value: Php 18 Bn 17
Slide 18: Joint Venture Projects
JOINT VENTURE PROJECTS Aurelia Velaris – South Tower Sonora Location: McKinley, BGC Location: Pasig City Location: Las Pinas City Launch Date: Sep. 2019 Launch Date: Feb. 2020 Launch Date: Dec. 2019 No. of Units: 285 No. of Units: 457 No. of Units: 867 Launched Sales Value: Php 33.06 Bn Launched Sal
Slide 19: 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 199,000 sqm 59 +2% +18% ▪ 8 industrial facilities all across Luzon 135 ▪ Completed Calamba 2A which has 33,000 sqm. of 137 111 130 gro
Slide 20: 1Q CY2023 New Logistical Facility
1Q CY2023 NEW LOGISTICAL FACILITY RLX Calamba 2A Location: Calamba, Laguna Completion Date: Jan, 2023 GLA: 33,000 sqm 20
Slide 21: Robinsons Integrated Developments
ROBINSONS INTEGRATED DEVELOPMENTS ▪ Bridgetowne Obstacle Park is world’s biggest permanent obstacle facility with 6K sqm 25 obstacle facility REVENUES (Php Mn) EBITDA (Php Mn) ▪ Montclair completed interchange exit near Clark Freeport Zone +109% +170% ▪ Sierra Valley’s retail strip is fully leased-o
Slide 22: Chengdu Ban Bian Jie Project
CHENGDU BAN BIAN JIE PROJECT ▪ Residential condominiums and townhouses are 100% sold ▪ Phase 2 is 100% complete REVENUES (Php Mn) EBITDA (Php Mn) ▪ Remaining revenues from carpark sales ▪ US$224.5 Mn or 99.8% of capital invested has been repatriated -95% -92% ▪ US$24 Mn cash dividends have been paid
Slide 23: Capital Expenditures
CAPITAL EXPENDITURES Capital Expenditure Program for Philippine Operations remains in line with overall corporate strategy HISTORICAL CAPEX ₱ 25,398 ₱ 25,862 ₱ 24,816 ₱ 23,376 ₱ 22,151 11,238 10,979 10,658 12,700 9,704 5,086 5,858 3,251 3,694 6,168 ₱ 4,521 9,467 9,074 8,753 9,024 Investment Capex 5,
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 87.4 1. Bridgetowne 19 67.7 2. Sierra Valley 12 9.4 3. Montclair 205 10.3 Metro Manila 21 62.4 Luzon 283 14.7 Visayas 131 14.9 Mindanao 145 6.2 TOTAL
Slide 25: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES 25
Slide 26: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES 1. Rmalls + App ▪ Total Users/Downloads as of April 12, 2023: 254,158 2. Robinsons Malls Tenants Portal ▪ Active User Participation in March, 2023: 80% Participating Malls Antipolo, Ilocos, Magnolia, Manila, Las Pinas 3. Target Beta Launch for Mall Dash mobile
Slide 27: Digital Solutions & Campaigns
Digital Solutions & Campaigns January-April 2023 ig MANTAWI MANTAWI RESIDENCES: THE FRONTIER OF PROGRESS For both Le Pont and Mantawi: Elevated sales materials, premium exhibit spaces and revamped modules, consumer & media tokens, as well as upgraded event experiences
Slide 28: Digital Solutions & Campaigns
Digital Solutions & Campaigns January-April 2023 D> Property Preview MAKEYOUR_ , Pe >SMART MOVE #7 FUTURE rhe nsisnone 47 EXCLUSIVE PROPERTY PREVIEW. Ti APRIL 22, 2023 (11-0041 M event executions to drive conversion
Slide 29: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES RHR Mobile App ▪ Portfolio viewing and promotions channel ▪ Booking system feature Self Check-In Kiosks ▪ Most Summit and Go Hotels have self-check in kiosks 29
Slide 30: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES 30
Slide 31: Future Plans: NLA and GLA
FUTURE PLANS +12% +2% 886 +3% +7% 1,689 +8% 794 +2% 1,664 GLA (thousand sqm) NLA (thousand sqm) 1,611 741 1,578 688 CY2021 CY2022 CY2023 CY2024 •Tacloban Rehab Ph. 1 & 2 •Antipolo Expansion •Opus •Pagadian CY2021 CY2022 CY2023 CY2024 •Dumaguete Exp. Ph. 1 •Robinsons Gapan •GBF 2 •Cyber Omega •Cyberg
Slide 32: Future Plans: Industrial, Hotels, Sales Take-Up
FUTURE PLANS +23% +47% 301 244 GLA (thousands sqm) +0% 167 167 CY2021 CY2022 CY2023 CY2024 •RLX Sucat 2 •RLX Calamba 2A •RLX Calamba 2C •RLX San Fernando •RLX Calamba 2B •RLX Montclair •RLX Mexico •RLX Sierra 2 +6% +9% +20% 4,499 4,243 3,877 Sales Take-Up No. of Hotel rooms 20,055 +57% 3,230 16,962
Slide 33: ESG Initiatives
1Q CY2023 ESG INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 34: ESG Initiatives
ESG INITIATIVES Responsible growth, reaching underserved markets, reshaping communities and creating value for stakeholders Environment Social Governance Solar Energy Relief Operations 24 Malls with Solar Power • Imus Fire Independent Directors • Tagum Fire Head Key Board Committees Green Buildings:
Slide 35: Community Development
~ COMMUNITY DEVELOPMENT RELIEF OPERATIONS * Livelihood Program ¢ Jan : Brgy Poblacion Imus Fire Incident Rlove Livelihood Carts © Feb : Purok Naga, Visayan Village Tagum City Fire Incident ¢ Entrep Corner je Operations: Poblacion 4a wary 2023 HEALTH & NUTRITION © RGift of Health - An RLove Medical M
Slide 36: Environmental Activities and Road Map to Net Zero
eeee Tree-Planting Activities Clean-Up Drives Coastal Clean-Ups Plastic Exchange PLASTIC EXHANGE [ronixsons Lax RLC’S RoAD MAP To WET 2ERo COASTAL CLEAN-UPS ROADMAP. | TO NET ZERO = TREE-PLANTING ACTIVITIES
Slide 37: CY2022 Cash Dividend Declaration
CY2022 CASH DIVIDEND DECLARATION 37
Slide 38: CY2022 Cash Dividend
CY2022 CASH DIVIDEND RLC continues to pay dividends in line with the dividend policy of at least 20% of recurring net income of preceding year 0.60 0.50 0.50 0.50 0.50 0.52 0.40 CY2022 Payout Dividend share Php 0.52 (in Php) 0.36 0.30 Declaration Date 21 April 2023 0.20 0.25 Record Date 31 May 2023
Slide 39: RLC Total Return to Shareholders
RLC TOTAL RETURN TO SHAREHOLDERS In PHP Year Buy-Back Cash Dividend Total (PHP) NIAT Parent % of Return 2021 438,191,344 2,553,256,243 2,991,447,587 8,062,990,250 37% 2022 2,128,646,170 2,596,915,343 4,725,561,513 9,749,954,153 48% 2023 1,691,411,840 TOTAL 4,258,249,354 *As of March 2023, RLC has al
Slide 40: Thank You
THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 41: 1Q CY2023 Analyst Briefing
FUTURE PLANS 1Q CY2023 Analyst Briefing