Robinsons Land Corp. · PSE:RLC
Robinsons Land — Q1 2022 Earnings Presentation
34 slides from Robinsons Land's earnings presentation, May 11, 2022
Slide 1: 1Q CY2022 Analyst Briefing
1Q CY2022 Analyst Briefing 11 May 2022 Robinsons
Slide 2: Outline
OUTLINE 1. 1Q CY2022 FINANCIAL PERFORMANCE HIGHLIGHTS 2. 1Q CY2022 OPERATIONAL HIGHLIGHTS 3. DIGITAL AND OTHER INITIATIVES 4. FUTURE PLANS AND STRATEGIES 5. 2021 SUSTAINABILITY REPORT Contact Us: Investor Relations +63 2 8397 0334 investor.relations@robinsonsland.com
Slide 3: Business Portfolio
85 Residential Buildings BUSINESS PORTFOLIO (from 82 as of end 4Q CY2021) 53 Lifestyle Centers (from 53 as of end 4Q CY2021) 39 Housing Subdivisions (from 39 as of end 4Q CY2021) 28 Office Developments (from 28 as of end 4Q CY2021) ➢ 13 RLC Office Buildings ➢ 15 RCR Office Buildings 24 Hotels and Le
Slide 4: Financial Performance Highlights
1Q CY2022 FINANCIAL PERFORMANCE HIGHLIGHTS RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 4
Slide 5: 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) 1Q CY2022 RLC YoY 1QCY 2022 RLC YoY 1Q CY2022 RLC YoY TOTAL RLC 6,691 100% -60% 3,734 100% -13% 2,396 100% -21% MALLS 2,674 40% +19% 1,496 40% +32% 550 23% +146% OFFICES 1,77
Slide 6: 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 28.03 45% Investment 17.25 Portfolio 14.96 13.68 Investment 72% +19% YoY 56% 16.74 Portfolio 25% Development 82% 68% -60% 68% +28% YoY Portfolio 70% 55% -13% 6.69 4.29 Development 44% 75% -86%
Slide 7: Solid and Healthy Financial Position
SOLID AND HEALTHY FINANCIAL POSITION TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 227.9 130.3 222.5 128.3 215.2 102.7 CY2020 CY2021 1Q CY2022 CY2020 CY2021 1Q CY2022 NET DEBT TO EQUITY EARNINGS PER SHARE 39% ₱1.55 26% ₱1.01 23% ₱0.27 CY2020 CY2021 1Q CY2022 CY2020 CY2021 1Q CY2022 RLC I
Slide 8: Operational Performance Highlights
1Q CY2022 OPERATIONAL PERFORMANCE HIGHLIGHTS RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 8
Slide 9: Robinsons Malls
ROBINSONS MALLS ▪ 2nd largest mall operator in the Philippines with REVENUES (Php Mn) RENTAL REVENUES (Php Mn) 53 malls nationwide, 9 within Metro Manila and 44 in other urban areas +19% +25% ▪ 1.6 Mn sqm in Gross Leasable Area ▪ 3.0 Mn sqm in Gross Floor Area 2,674 1,801 2,245 1,446 ▪ 91% total lea
Slide 10: 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% 82% 81% 80% 75% 72% 74% 74% 80% 77% 78% 72% 70% 69% 68% 60% 60% 40% 40% 20% 20% 0% 0% 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 *versus 10
Slide 11: Robinsons Offices
ROBINSONS OFFICES ▪ A leading IT-BPM office space provider with REVENUES (Php Mn) EBITDA (Php Mn) 688,000 sqm net leasable space +12% ▪ 93% leased percentage across 28 office developments +23% 1,124 ▪ 5 work.able centers 865 1,774 1,578 ▪ Dominant office landlord in the Ortigas Central 1,246 1,528 B
Slide 12: 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 13: New Hotels
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: March 2022 No. of Rooms Opened (GH): 30 No. of Rooms Opened: 75 No. of Rooms Opened (Summit): 59 RLC IR Team, (+632) 83970334 inv
Slide 14: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) +3% 2,818 2,902 338 -31% 713 +19% 2,044 2,564 2,105 1,415 1,877 1,573 1Q CY21 1Q CY22 1Q CY21 1Q CY22 1Q CY21 1Q CY22 JV’s EBITDA (Php Mn) EBIT (Php Mn) -43% -44% 770 750 442 420 1Q CY21 1Q CY22 1Q CY21 1Q CY22 RLC IR Team, (
Slide 15: New Residential Projects
NEW RESIDENTIAL PROJECTS AmiSa Private Residences Tower D Sierra Valley Gardens – Bldg. 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: 176 No. of Units:
Slide 16: 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: Sept. 2019 No. of Units: 494 No. of Units: 800 No. of Units: 285 Sales Value: Php 11.1 Bn Sales Value: Php5
Slide 17: 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 +161% ▪ 7 industrial facilities all across Luzon 135 111 64 42 1Q CY21 1Q CY22 1Q CY21 1Q CY22 EBIT (Php Mn) +167
Slide 18: Integrated Developments
INTEGRATED DEVELOPMENTS ▪ Montclair to complete interchange exit near Clark Freeport Zone by mid 2022 EBITDA (Php Mn) REVENUES (Php Mn) ▪ Latest Residential project (SVG3) launched in Sierra Valley Estate; All retail space of Sierra Valley are fully leased out. -45% ▪ Bridgetowne Estate started the
Slide 19: Chengdu Ban Bian Jie Project
CHENGDU BAN BIAN JIE PROJECT REVENUES (Php Mn) EBITDA (Php Mn) ▪ Residential condominiums and townhouses are 100% sold ▪ Total Project is 96% sold ▪ Phase 2 is 98% complete ▪ US$200 of US$225 Mn or 89% of capital repatriated 10,452 -97% -89% 301 973 103 1Q CY21 1Q CY22 1Q CY21 1Q CY22 EBIT (Php Mn)
Slide 20: Chengdu Ban Bian Jie Project
CHENGDU BAN BIAN JIE PROJECT CD BBJ Sales as of March 31, 2022 Component No. of Units Sold Units % Sold Total Sold (in RMB Mn) Condos 1,493 1,493 100% 2,423 Townhouses 168 168 100% 549 Shophouses 144 139 97% 226 Carparks 2,027 665 33% 67 Total 3,832 2,465 3,266 Unsold Inventory Component No. of Unit
Slide 21: 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 3,251 9,056 3,274 Investment Capex 3,528 10,168 ₱ 5,325 Development Capex 9,467 2,741 7,
Slide 22: 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 130 14.7 Mindanao 145 6.2 TOTAL 8
Slide 23: Destination Estates
DESTINATION ESTATES BEFORE (2017) PRESENT ARTIST’S PERSPECTIVE 1. BRIDGETOWNE Location: Quezon City & Pasig City Size: 31 hectares Bridgetowne Map BEFORE (2018) PRESENT 2. SIERRA VALLEY Location: Cainta, Rizal Size: 18 hectares Sierra Valley Map MASTERPLAN BEFORE (2018) PRESENT MASTERPLAN 3. MONTCLA
Slide 24: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 24
Slide 25: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES
Slide 26: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES ▪ Online Voucher selling thru Whyqueue ▪ Launch of RHR Website ▪ Increase in online payment channels 1. Grab Pay 2. Shopee Pay 3. Paynamics Launched Customer Satisfaction Surveys for Websites (1-5 Rating scale): Go Hotels - 3.5/5.0 Summit Hotels - 3.5/5.0 RLC
Slide 27: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 27
Slide 28: Future Plans
FUTURE PLANS +3% +5% +4% 1,701 1,520 1,577 1,623 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 +7% +12% +8% 793 741 688 613 NLA (thousand sqm) CY2020 CY2021 CY2022 CY2023 •Delta Tower 2 •Cy
Slide 29: Future Plans
FUTURE PLANS +20% +78% +0% 199 167 167 GLA (thousands sqm) 93 CY2020 CY2021 CY2022 CY2023 •RLX Calamba 1B •RLX Sucat 2 •RLX Calamba 2A •RLX Sierra •RLX San Fernando •RLX Mexico +20% +14% 4,401 +31% +1% 3,675 Sales Take-Up No. of Hotel rooms 20,055 3,188 3,230 15,318 +48% -64% 10,811 -Dusit Thani Mac
Slide 30: 2021 Sustainability Report
2021 SUSTAINABILITY REPORT The Robinsons Land Corporation’s Thriving, Sustainable Communities 2021 Sustainability Report provides disclosures on our material non- financial performance for the period of January 2021 to December 2021. This report has been prepared in accordance with the GRI Standards
Slide 31: 2021 Sustainability Report
2021 SUSTAINABILITY REPORT Performance Highlights: UN SDG Contributions RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 31
Slide 32: RLC Inclusion in PSE Dividend Yield (PSE DivY) Index
RLC INCLUSION IN PSE DIVIDEND YIELD (PSE DivY) INDEX Robinsons Land Corporation was included as a constituent of the newly launched index - PSE DivY On 28 of March 2022, The Philippine Stock Exchange, Inc. (PSE) launched two new indices: ▪ The PSE Dividend Yield (PSE DivY) Index focuses on companies
Slide 33: Thank You
THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com 33
Slide 34: 1Q CY2022 Analyst Briefing
FUTURE PLANS 1Q CY2022 Analyst Briefing