Robinsons Land Corp. · PSE:RLC
Robinsons Land — Investor Presentation (January 2012)
23 slides from Robinsons Land's investor presentation, January 2012
Slide 1: Investors Presentation
INVESTORS PRESENTATION January 2012
Slide 2: Shareholding Structure
Shareholding Structure JG Summit Holdings, Inc. Market Cap: US$4.03B Food Air Transportation Property Telecommunications 64.2% 67.2% 61.0% 8.0% Market Cap: US$2.49B Market Cap: US$952M Market Cap: US$1.25B Market Cap: US$13.64B [US$1.60B] [US$640M] [US$760M] [US$1.09B] Petrochemicals International P
Slide 3: A Leading Philippine Property Company
A Leading Philippine Property Company ILOCOS NORTE PANGASINAN TARLAC NUEVA ECIJA PAMPANGA BULACAN METRO MANILA RIZAL CAVITE LAGUNA BATANGAS LEYTE ILOILO CEBU PALAWAN MISAMIS ORIENTAL NEGROS OCCIDENTAL DAVAO NEGROS ORIENTAL SOUTH COTABATO
Slide 4: Shopping Malls, Office Buildings, Hotels, Residential
Shopping Malls Office Buildings Hotels Residential
Slide 5: Shopping Malls, Office Buildings, Hotels, Residential
Shopping Malls Office Buildings Hotels Residential
Slide 6: Total Assets, Shareholder's Equity, Return on Equity
Total Assets (PhP M) Shareholder’s Equity (PhP M) 39,037 65,119 53,101 51,479 27,737 25,566 FY09 FY10 FY11 FY09 FY10 FY11 Return on Equity Current Net Debt to Equity 13.0% 34% 12.8% 24% 10.2% 15% FY09 FY10 FY11 FY09 FY10 FY11
Slide 7: EBITDA Margin by Segment
Commercial Center Residential 72.1% 71.4% 24.1% 22.2% FY10 FY11 FY10 FY11 EBITDA Margin EBITDA Margin Office Buildings Hotel 96.4% 96.4% 30.8% 32.1% FY10 FY11 FY10 FY11 EBITDA Margin EBITDA Margin
Slide 8: Revenues, EBITDA and EBIT by Segment
P millions REVENUES %TOTAL RLC YOY EBITDA YOY EBIT YOY 13,345 100% 18% 7,145 11% 5,031 12% P millions REVENUES %TOTAL RLC YOY EBITDA YOY EBIT YOY 6,226 47% 8% 4,443 7% 2,933 7% 1,351 10% 14% 1,302 14% 923 10% 1,208 9% 5% 387 10% 198 30% 4,560 34% 41% 1,012 30% 977 30%
Slide 9: Commercial Centers FY 2011
FY 2011 +8% One of Philippine’s largest mall operator with 29 malls 6,226 5,739 +7% 813,000 sqm gross leasable space 4,443 4,140 +7% 94.6% latest occupancy 2,752 2,933 Same mall revenue growth is 8% FY10 FY11 FY10 FY11 FY10 FY11 Revenue EBITDA EBIT Q1 Q2 Q3 Q4
Slide 10: Commercial Center Revenues, EBIT and EBITDA 2007-2011
Revenues (PhP B) +8% +36% 6,226 +14% 5,739 +5% 4,210 3,697 3,539 2007 2008 2009 2010 2011 EBITEBIT Margins EBITDA +7% +7% +23% +29% 2,933 4,443 +34% 2,752 +20% 4,140 +9% 8% 2,048 3,220 1,577 2,684 1,441 2,479 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Slide 11: Major Redevelopment Initiatives in our Top Malls
Major Redevelopment Initiatives in our Top 3 Malls Manila Metro East Galleria Land Area : 72,581 sqm Land Area : 25,981 sqm Land Area : 51,217 sqm GFA : 240,926 sqm GFA : 119,184 sqm GFA : 220,994 sqm GLA : 103,590 sqm GLA : 54,083 sqm GLA : 96,442 sqm Occupancy: 98.43% Occupancy: 96.54% Occupancy:
Slide 12: Office Buildings FY 2011
One of Philippine’s FY 2011 leading BPO office space provider with 194,000 sqm net +14% +14% leasable space 1,351 1,302 1,182 1,140 Total occupancy for 8 +10% completed buildings is 923 now 99% 842 We continue to be a leading provider of office spaces to BPOs in the Philippines, with 78% of our offi
Slide 13: Office Buildings Revenues, EBIT and EBITDA 2007-2011
Revenues (PhP B) +14% +6% +26% 1,351 +24% 1,182 1,112 883 714 2007 2008 2009 2010 2011 EBITEBIT Margins EBITDA EBITDA Margins +14% +10% +14% +10% +17% 1,302 +20% 923 +26% 1,140 +24% 842 1,032 738 879 616 497 697 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Slide 14: Hotels: International Brands, Summit Hotels, Go Hotels
INTERNATIONAL BRANDS 263 Rooms 285 Rooms SUMMIT HOTELS 108 Rooms 210 Rooms GO HOTELS 223 Rooms
Slide 15: Hotels Revenue, EBITDA, EBIT and Occupancy
+5% 1,150 1,208 +10% 354 387 +30% 198 153 FY10 FY11 FY10 FY11 FY10 FY11 Revenue EBITDA EBIT Q1 Q2 Q3 Q4 88% Occupancy Rate 74% 72% 60% 40% S ummit Ce bu Holida y Crowne Go Ridge Midtown Inn P la z a Hote ls
Slide 16: Go Hotels
Go Hotels Location: Pioneer, Mandaluyong City Started Operations: May 2010 No. of Rooms: 223 FY 2011: 88% Occupancy Rate 4 Go Hotels under construction (416 rooms): • Palawan • Dumaguete • Tacloban • Bacolod
Slide 17: Residential Types of Development and Unit Size
• Lots Only TYPE OF High-rise Condo Low to Mid-rise Condo Iconic Project • House and Lot DEVELOPMENT (30-50 storeys) (10-30 storeys) Packages Ranging from Ranging from Ranging from Ranging from AVERAGE UNIT SIZE 40-170 sqm 30 – 145 sqm 20-50 sqm 35– 400 sqm Very prime locations Within central busine
Slide 18: Residential Sales Take Up and Net Pre-sales
Sales Take Up 6,009 5,092 603 46% 606 1,377 23% 521 2,617 2,748 10% 1,348 1,281 21% FY 2010 FY2011 Net Net pre-sales pre-sales FYFY 2011 2011 atatPhP PhP 6.009 5.877 Billion, Billion, 18% 18% higher higher than than last last year. year. Launched Launched 1515 projects projects YTD YTD across across
Slide 19: Residential Realized Revenues
Realized Revenues 4,560 3,226 1,448 Q4 895 1,144 Q3 Q2 704 Q1 971 888 997 739 FY 2010 FY 2011 Realized Revenues increased by 41% to P 4.56 B EBIT increased by 30% at P 977M EBITDA increased by 30% at P 1.012B
Slide 20: Capital Expenditures
Capital Expenditures 13,433 3,439 8,691 Investments 7,026 3,732 6,227 3,367 Project 4,101 1,741 Development 3,116 Land 2,780 6,262 Acquisition 2,270 2,208 1,706 655 2008 2009 2010 2011
Slide 21: As of September 2011
As of 30 September 2011 102.39 10.36 1.46 344.41 6.08 464.71 11,211,586 4,451,333 1,808,947 771,858 18,334,767
Slide 22: Moving Forward: Future Plans & Strategies
Moving forward Future Plans & Strategies Mall Division Office Division 3 New Malls 2 Expansion 2 New Offices Cyberscape Alpha Cyberscape Beta Hotel Division Residential Division Sustain current sales levels • Palawan • Dumaguete • Tacloban • Bacolod
Slide 23: Thank You
THANK YOU Hit hi = TILIA A AAT p cerenerereetrreererrecererrer ere y) Paz AAALAAAAAA AAA AA
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