Slide 1: 3Q/9MCY19 Earnings Call
3Q/9MCY19 Earnings Call Robinson s 5 November 2019
Slide 2: Business Portfolio
Business Portfolio 52 LIFESTYLE CENTERS (from 50 as of end 9MCY18) 76 RESIDENTIAL BUILDINGS (from 71 as of end 9MCY18) 21 OFFICE DEVELOPMENTS (from 18 as of end 9MCY18) 38 HOUSING SUBDIVISIONS 19 MIXED-USE DEVELOPMENTS (from 18 as of 9MCY18) 20 HOTELS (from 17 as of 9MCY18) 2
Slide 3: Strong Cash Flows Driven by Diversified Business Model
Strong Cash Flows Driven by Diversified Business Model REVENUES (in Php B) EBITDA (in Php B) Investment Investment Portfolio Portfolio +14% YoY +15% YoY +40% Development Development Portfolio Portfolio 29.44 31.18 +11% +78% YoY 16.20 2% YoY 22.81 22.52 22.24 14.03 48% 12.05 12.48 12.63 62% 66% 71% 7
Slide 4: Strong Business Performance and Sound Financial Position
Strong Business Performance and Sound Financial Position RLC has a sound financial position and capital base, and exhibits prudence in debt management TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php B) (in Php B) 174.2 176.1 93.9 98.2 148.1 67.4 CY2017 CY2018 9MCY19 CY2017 CY2018 9MCY19 EARNINGS PER SHARE
Slide 5: Financial Performance Highlights 9M19
Financial Performance Highlights 9M19 Net income increased by 12% YoY to Php 7.31 B REVENUE EBITDA EBIT % to % to % to 9MCY2019 RLC YoY 9MCY2019 RLC YoY 9MCY2019 RLC YoY TOTAL RLC 31,179 100% 40% 14,026 100% 11% 10,442 100% 12% MALLS 9,700 31% 10% 6,595 47% 13% 3,930 38% 19% OFFICES 3,547 11% 27% 3,
Slide 6: Commercial Centers Division
COMMERCIAL CENTERS DIVISION 2nd largest mall operator in the REVENUES (Php Mn) Philippines with 52 malls nationwide, 9 +10% within Metro Manila and 43 in other urban areas 9,700 1,567,287 sqm in Gross Leasable Area 8,808 3,002,286 sqm in Gross Floor Area 9MCY18 9MCY19 94% latest system-wide
Slide 7: Commercial Centers Division
COMMERCIAL CENTERS DIVISION Robinsons Galleria South Magnolia Expansion GLA: 48,084 sqm GLA: 13,836 sqm Date Opened: July 19,2019 Soft Opening: September 20 ,2019 Occupancy rate 91% Target Opening: November 2019 7
Slide 8: Office Buildings Division
OFFICE BUILDINGS DIVISION REVENUES (Php Mn) A leading IT-BPM office space provider +27% with 533,000 sqm net leasable space 1,124 Total lease percentage for our 21 865 3,547 2,786 office developments is 98% Dominant office landlord in the 9MCY18 9MCY19 Ortigas Central Business District EBITDA
Slide 9: Office Buildings Division
OFFICE BUILDINGS DIVISION Cybergate Magnolia NLA: 10,500 sqm Completion Date: Nov. 2019 9
Slide 10: Hotels and Resorts Division
HOTELS AND RESORTS DIVISION Multi-branded hotel portfolio REVENUES (Php Mn) spanning essential service hotels to +14% standard deluxe hotels. Continuous expansion of all brand 1,692 1,482 segments 20 hotel properties with 3,001 rooms 9MCY18 9MCY19 operational across all segments EBITDA (Php Mn
Slide 11: Hotels and Resorts Division
HOTELS AND RESORTS DIVISION Dusit Thani Mactan Cebu Resort Summit Hotel Greenhills Rooms: 272 rooms Rooms: 100 rooms Soft Opening: March 29, 2019 Opening Date: September 17, 2019 11
Slide 12: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) +42% 15,992 +9% 770 6,550 11,281 854 2,664 7,060 7,104 6,303 6,525 1,460 1,612 9MCY18 9MCY19 9MCY18 9MCY19 EBITDA (Php Mn) EBIT (Php Mn) +15% +15% 2,217 2,171 1,923 1,880 12 9MCY18 9MCY19 9MCY18 9MCY19
Slide 13: 3Q New Project Launch
3Q NEW PROJECT LAUNCH Sync S Location: Pasig City Project Launch: July 2019 No. of Units: 598 Sales Value: P2.2B Sales take-up: 54% 13
Slide 14: Joint Venture Update
JOINT VENTURE UPDATE Aurelia Residences Location: McKinley, Bonifacio Global City Project Launch: September 2019 No. of Units: 285 Sales Value: P33.06 B 14
Slide 15: Industrial and Integrated Developments Division
INDUSTRIAL AND INTEGRATED DEVELOPMENTS DIVISION REVENUES (Php Mn) Warehouse Facility – RLX Sucat 2,640 -89% 2,552 294 217 88 77 9MCY18 9MCY19 EBITDA (Php Mn) 1,948 -94% 1,933 109 106 16 3 9MCY18 9MCY19 Turned Over in Q1CY18 Location Muntinlupa City EBIT (Php Mn) GLA 33,000 sq.m. 1,941 Property Type
Slide 16: Townships: New Developments
Townships: New Developments Bridgetowne Officially Launched on September 18, 2019 Sierra Valley Development: Starbucks Now Open 16
Slide 17: Chengdu Ban Bian Jie Project
Chengdu Ban Bian Jie Project Phase 1 Condominium units REVENUES (Php Mn) 1,124 865 8,842 9MCY18 9MCY19 EBITDA (Php Mn) 1,573 9MCY18 9MCY19 Group 2/5/6 Ban Bian Jie Ji Tou town, Plot Location Wuhou District EBIT (Php Mn) Plot Area 8.5 hectares Plot Ratio 2.6x Gross Floor Area 220,000 sqm 1,573 Planne
Slide 18: Robust Growth Prospects
Robust Growth Prospects CAPITAL EXPENDITURE (Philippines) in PHPm Capital expenditure program in line with overall corporate strategy 27,000 22,507 23,376 Investment Capex 16,202 16,984 10,658 15,900 Development Capex 13,309 13,405 13,245 18,686 Land Acquisition 7,555 10,769 3,251 7,251 7,068 11,409
Slide 19: Future Plans
FUTURE PLANS +5% +4% 1,639 +8% 1,566 1,502 GLA (thousand sqm) 1,389 -RP Iligan -RP Ormoc -RP Galleria South -Dumaguete Exp. Ph. 1 -RP Naga -RP Pavia -RP Magnolia Exp. -La Union -RP North Tacloban -RP Tuguegarao -Starmills Exp. Ph. 1 --RP Antipolo Exp. -RP Antique Exp. -RP Valencia -Gapan -RP Butuan
Slide 20: Future Plans
FUTURE PLANS +18% +14% 3,675 +9% 2,736 3,108 2,516 No. of Hotel rooms -GoH-Lanang -Summit -Summit Tacloban -Dusit Thani Davao Galleria Cebu -GoH Iligan Mactan Cebu -GoH Naga *5 GoH -Goh Tuguegarao Franchises -Summit Naga -Summit Greenhills -Summit Galleria Cebu -Summit Tacloban -Dusit Thani - Summit
Slide 21: In Summary
IN SUMMARY 1. Strong Earnings Growth: Net income up by 12% to P7.31B for 9MCY19. 2. Stable Growth from Investment Portfolio: a. Investment revenues increased by 14% to P15B: • Malls Division revenues increased by 10% • Office Buildings Division revenues increased by 27% • Hotel and Resorts Division
Slide 22: Thank You!
22 @ ROBINSONS LAND CORPORATION
Slide 23: 3Q/9MCY19 Earnings Call
ROBINSONS LAND CORPORATION SQISMCY19 Earnings Call