Cebu Landmasters, Inc. · PSE:CLI
Cebu Landmasters — 9M 2023 Earnings Presentation
39 slides from Cebu Landmasters's earnings presentation, Nov 14, 2023
Slide 1: 9M 2023 Investors and Analysts Briefing
9M 2023 INVESTORS AND ANALYSTS BRIEFING November 14, 2023 | 2PM www.cebulandmasters.com
Slide 2: Reminders
Reminders For any questions, you may Participants are kept on mute use the Q&A chat box during the webinar session. provided. Indicate your name & organization. The meeting is recorded and All questions will be addressed can be accessed in the during the Q&A session. company’s website. 9M 2023 Inves
Slide 3: Visit our Investor Relations website
Visit our Investor Relations website at https://ir.cebulandmasters.com/ You may download the 9M 2023 presentation materials and Financial Reports by scanning the QR codes below. Presentation Financial Materials Statements For inquiries you may e-mail ir@cebulandmasters.com 9M 2023 Investors and Anal
Slide 4: Financial Performance, Business Updates, Significant Milestones
01 02 03 FINANCIAL BUSINESS SIGNIFICANT PERFORMANCE UPDATES MILESTONES 9M 2023 Investors and Analysts Briefing
Slide 5: 9M 2023 Key Highlights
9M 2023 KEY HIGHLIGHTS SUSTAINED ROBUST TOP LINE RECORD BREAKING PERSISTENT LAUNCH OF STEADY GROWTH IN CONTINUOUS BUILD EARNINGS GROWTH GROWTH ACROSS SALES QUALITY PROJECTS ASSETS UP OF LANDBANK MOMENTUM ALL SEGMENTS PERFORMANCE +28 +18% +25% 14.87 BN 97 BN 112.5 HA YOY YOY YOY NEW LAUNCHES IN ASSET
Slide 6: Financial Performance
01 02 03 FINANCIAL BUSINESS SIGNIFICANT PERFORMANCE UPDATES MILESTONES 9M 2023 Investors and Analysts Briefing
Slide 7: Sustained Earnings Growth Momentum
Sustained Earnings Growth Momentum Posts 28% growth on Consolidated Earnings 9M 2023 9M 2022 9M 2023 PARENT NIAT DROVE A (₱ IN MILLIONS) Movement Movement (%) SOLID 9% INCREASE Actual Actual Sale of real estates 12,704 10,813 1,891 17% (IN MILLIONS) Hotel 98 55 43 78% Leasing 77 54 23 43% Management
Slide 8: Robust top line growth across all segments
Robust top Line growth across all segments Increased 18% with ₱30 Bn in Unrealized Revenue REALIZED AND UNREALIZED REVENUE MARKET (Realized Revenue) (PH in Millions) Strongly driven by economic housing Unrealized Revenue Realized Revenue +17% +1% Bn Bn +23% +34% Bn 2022 9M 2023 +28% Bn 2021 +40% 9M
Slide 9: Record breaking reservation sales, YoY growth of 25%
Record breaking reservation sales, YoY growth of 25% Driven by new launches RESERVATION SALES MARKET (Reservation Sales) (PHP IN MILLIONS) Strongly driven by economic housing BUYERS’ PROFILE: NATIONALITY: 58% LOCALLY EMPLOYED 97% FILIPINO 30% OFW 3% FOREIGN 12% BUSINESS +10% +16% % vs YoY Growth +12
Slide 10: Solid and Healthy Financial Position with ₱97Bn Total Assets
Solid and Healthy Financial Position with ₱97Bn Total Assets Driven by continued construction progress of units sold As of Sep 30, As of Dec 31, Movement In (₱ IN MILLIONS) Movement % ROA CONSO ROA 2023 2022 Php 9M 2023 Cash 1,348 1,435 (87) (6%) CONSO Accounts Receivables 2,407 3,678 (1,271) (35%)
Slide 11: Conso Debt Maturity Profile
Conso | Debt Maturity Profile Improved Net Debt to Equity to 1.82x OUTSTANDING LOANS AS OF SEPTEMBER 30, 2023 COST OF DEBT & NET D/E (PHP IN MILLIONS) FLOAT AND FIXED O/S LOANS AND RATES Fixed - 65%, Float - 35%
Slide 12: Business Updates
01 02 03 FINANCIAL BUSINESS SIGNIFICANT PERFORMANCE UPDATES MILESTONES 9M 2023 Investors and Analysts Briefing
Slide 13: Continuous Expansion of Landbank to 112.5 Hectares
Continuous Expansion of Landbank to 112.5 Hectares with New Expansion Site in General Santos 22% LANDBANK (IN SQ.M) 1% 1% 2% 15% CEBU BOHOL MACTAN PALAWAN 13% BUTUAN CAGAYAN DE ORO 1% 27% DAVAO 19% GENERAL SANTOS ₱9.8 Bn 21 Ha 1% LAND VALUE PURCHASED Palawan JV Cebu Vertical Horizontal Visayas 100 H
Slide 14: Spent ₱10 Bn in Capital Expenditures
Spent ₱10 Bn in Capital Expenditures Mainly for Property Development CAPITAL EXPENDITURE CAPEX SPENDING (₱ IN MILLIONS) ● Lot Acquisition ● Others ● Residential Development
Slide 15: Diversified Portfolio of Real Estate Projects
DIVERSIFIED PORTFOLIO OF REAL ESTATE PROJECTS EXPANDED RESIDENTIAL WHILE SETTING GROUNDWORK FOR RECURRING BUSINESS 88 RESIDENTIAL 6 OFFICES 10 HOTELS 10 MIXED-USE 3 ESTATES
Slide 16: Real Estate Sales
REAL ESTATE SALES Continues to make up majority of CLI’s portfolio as the Company addresses demand for quality-built, cost-effective, value-for-money housing and well-planned communities. 17% ↑ ₱12.7 billion real estate sales revenue 1 93% Sold out units across all stages ₱14.9 Bn Project Sales value
Slide 17: Healthy Sell Out Rate of 93%
HEALTHY SELL OUT RATE OF 93% PROJECTS ACROSS VARIOUS STAGES OF DEVELOPMENT TOTAL CONSTRUCTION IN RECENT COMPLETED PORTFOLIO PROGRESS LAUNCHES NO. OF PROJECTS 92 35 33 24 *TOTAL UNITS 37,674 11,585 17,735 8,354 TOTAL PROJECT VALUE ₱123.6 Bn ₱26.31 Bn ₱62.43 Bn ₱34.86 Bn LAND AREA 208.59 Ha 94.55 Ha 8
Slide 18: Real Estate Sales: Completed Projects
Real Estate Sales Completed Projects BASE LINE PREMIER (CEBU CITY) MESAVERTE RESIDENCES T1-T3 (CDO) ₱1.7 Bn | 351 UNITS | 100% SOLD ₱2.0 Bn | 798 UNITS | 99% SOLD 35 COMPLETED PROJECTS WITH 94.55 HECTARES, 11,585 UNITS WORTH ₱26.31 Bn SALES VALUE AS OF 9M 2023, Cebu 98% SOLD 11,386 UNITS WORTH ₱25.3
Slide 19: Real Estate Sales: Construction in Progress
Real Estate Sales Construction in Progress MESAVIRRE GARDEN RESIDENCES C (BACOLOD) CASA MIRA HOMES ORMOC - APR 2021 ₱1 BILLION | 336 UNITS | 88% SOLD ₱1.9 BILLION | 685 UNITS | 100% SOLD 33 PROJECTS IN PROGRESS WITH 86.72 HECTARES, 17,735 UNITS WORTH ₱62.43 Bn SALES VALUE AS OF 9M 2023, 95% SOLD 16,
Slide 20: Real Estate Sales: Recent Launches
CM Homes Davao sells out 85% in 3 weeks Real Estate Sales Recent Launches 24 RECENTLY LAUNCHED PROJECTS WITH 27.32 HECTARES, 8,354 UNITS WORTH ₱34.86 Bn SALES VALUE AS OF 9M 2023, CASA MIRA HOMES DAVAO JUNE 2023 ₱3.6 BILLION | 836 UNITS | 94% SOLD CASA MIRA TOWERS PALAWAN T4 MAY 2023 ₱1.3 BILLION |
Slide 21: Office and Retail Projects
OFFICE AND RETAIL PROJECTS Expansion of recurring revenue through strong pipeline of leasing projects – office buildings and commercial spaces to compliment its residential segment. 35KSQM in GLA completed 110KSQM in GLA the next 5 years 43% ↑ Revenue from leasing growth 1 75KSQM in GLA under construc
Slide 22: Strong Pipeline of Leasing Projects
STRONG PIPELINE OF LEASING PROJECTS Continue to build-up recurring income portfolio ADDITIONAL GLA FROM NEWLY COMPLETED GROWING ROSTER OF NOTABLE TENANTS OFFICE AND RETAIL PROJECTS RETAIL CEBU DAVAO OFFICE RESIDENTIAL 9M 2023 Investors and Analysts Briefing
Slide 23: Newly Completed Leases
NEWLY COMPLETED LEASES DGT DRIVE THRU (2023) BANILAD HIGH STREET (2023) BASE LINE CENTER NEW WING (2023) 3,708 GLA | 100% LEASED OUT 1,251 GLA | 70% LEASED (BLDG A&B) 1,573 GLA |54% LEASED OUT 38 PARK AVENUE (2022) CASA MIRA TOWERS GUADALUPE 921 GLA |100% LEASED OUT 1,611 GLA |100% LEASED OUT 9M 202
Slide 24: Hotel and Recreational Development
HOTEL AND RECREATIONAL DEVELOPMENT Portfolio of hotels, co-living spaces and resorts, some of which are managed by well-known hotel management companies. 180 Rooms completed 1,543 Room keys under construction 10 Projects in portfolio 78% ↑ Hospitality revenue growth 1 1 Growth for the nine months en
Slide 25: Hotel and Recreational Development
Hotel and Recreational Development PROMISING GROWTH OF HOTEL PORTFOLIO HOSPITALITY PROJECTS UNDER CONSTRUCTION TO BOOST UP RECURRING INCOME PORTFOLIO IN BALAMBAN IN MACTAN, IN ASTRA CEBU CEBU CENTRE, CEBU 13 Villas 125 Rooms 144 Rooms 20 rooms To be completed To be completed To be completed by 2025
Slide 26: CLI Hotels & Resorts
CLI HOTELS & RESORTS PREPARING FOR TURNOVER OF 2 NEW PROJECTS IN 2023 Opening Nov 2023 78 Rooms Opening Dec 2023 with currently at 37 potential 80 Rooms sign-ups 9M 2023 Investors and Analysts Briefing
Slide 27: Mixed-Use and Townships
MIXED-USE AND TOWNSHIPS Strengthening its township ventures and large scale developments in prime urban locations within the region. 121 Hectares of land for development 3 Existing planned sites 8 Mixed-use projects in portfolio 4KSQM Expected GLA from completed Phase 1 in Davao Global Township (DGT
Slide 28: Davao Global Township
DAVAO GLOBAL TOWNSHIP | 22 HECTARES | 100% LAND DEVELOPMENT Phase 1 includes 6 residential towers, 4.7 hectares of commercial lot, Central Park, Drive Thru, City Center & Pavillon
Slide 29: Significant Milestones
01 02 03 FINANCIAL BUSINESS SIGNIFICANT PERFORMANCE UPDATES MILESTONES 9M 2023 Investors and Analysts Briefing
Slide 30: New Product Segment Introduced for Affordable Housing Demand
NEW PRODUCT SEGMENT INTRODUCED FOR AFFORDABLE HOUSING DEMAND Grand PKS at Cebu Country Club (Aug 14, 2023) Grand PKS last Aug PROJECT DETAILS 14 Total No. of Units 215 units (48.37% sold) Num. of Buildings 6 buildings Price: Php 1.9Mn to Php 2.9Mn Sales Conversion/ Sales Launch (Aug 22-24, 2023) Act
Slide 31: CLI sells out Mindara residential units
CLI sells out Mindara residential units P2.5-billion Mindara Residences development had been snapped up within days after market introduction Grand PKS at SMX Convention Center, SM Lanang Premier, WE ARE 100% Davao City (July 3, 2023) SOLD in less than a week Sales Conversion/ Sales Launch (July 19,
Slide 32: Strengthening VisMin Leadership
Strengthening VisMin Leadership #1 VisMin Developer with 23% Market Share 8890 Vista Land Megaworld SMDC Housing Devt. 6.0% 4.9% 4.8% 4.6% 22.8% Cebu Landmasters is the leading developer in VisMin H2 2022 - H1 2023 Real Estate Market Study Others 56.9% Others - includes all other developers outside
Slide 33: Q4 2023 Pipeline Projects
Strengthening VisMin Leadership Q4 2023 Pipeline Projects THE EAST VILLAGE AT DGT T5-T6 (DAVAO) ₱2 BILLION | 717 UNITS VELMIRO CONSOLACION CEBU PH1 CASA MIRA SOUTH 4A SENOR ₱1.1 BILLION | 156 UNITS ₱336 MILLION | 130 UNITS 9M 2023 Investors and Analysts Briefing
Slide 34: CLI Awarded with 2 Golden Arrow
CLI AWARDED WITH 2 GOLDEN ARROW Recognition given by the Institute of Corporate Directors (ICD) “Cebu Landmasters, Inc. has always approached corporate governance as an integral component and a cornerstone program in doing business. It is viewed and considered in CLI as an organizational responsibil
Slide 35: Cebu Landmasters @ 20: Two decades of masterful development
Cebu Landmasters @ 20: Two decades of masterful development A journey that began with 1 subdivision in Cebu in 2003, to now over 100 projects From its first three-million-peso housing project to a multi-billion-peso listed company GREW FROM 1 SUBDIVISION FROM 2 TO 800-STRONG CLI EMPLOYEES STRENGTHENE
Slide 36: Questions & Answers
Questions & Answers
Slide 37: Integrated Report 2022
——aaeeE—._ =— CEBULANDMASTERS We Build with You in Mind INTEGRATED REPORT 2022 Scan the QR code to view
Slide 38: Thank You!
THANK YOU!
Slide 39: 9M 2023 Investors and Analysts Briefing
9M 2023 INVESTORS AND ANALYSTS BRIEFING November 14, 2023 | 2PM www.cebulandmasters.com