Cebu Landmasters, Inc. · PSE:CLI
Cebu Landmasters — Q1 2023 Earnings Presentation
35 slides from Cebu Landmasters's earnings presentation, May 3, 2023
Slide 1: Q1 2023 Investors' and Analysts' Briefing
Q1 2023 INVESTORS’ AND ANALYSTS’ BRIEFING May 3, 2023 • 10:00 AM www.cebulandmasters.com
Slide 2: Q1 2023 Key Highlights
Q1 2023 KEY HIGHLIGHTS SOLID START IN 2023 WITH Net income to parent increased to ₱888 DOUBLE DIGIT GROWTH IN +10% Mn from ₱811 Mn in Q1 2022. Q1 2023 YOY earnings posts a solid start to the year. EARNINGS TO PARENT Q1 2023 Consolidated revenues increased ROBUST TOP LINE +33% to ₱4.8 Bn from ₱3.6 Bn
Slide 3: Financial Performance, Business Updates, Significant Milestones, 2023 Outlook
01 02 03 04 FINANCIAL BUSINESS SIGNIFICANT 2023 PERFORMANCE UPDATES MILESTONES OUTLOOK Q1 2023 Investors’ & Analysts’ Briefing
Slide 4: Financial Performance
01 02 03 04 FINANCIAL BUSINESS SIGNIFICANT 2023 PERFORMANCE UPDATES MILESTONES OUTLOOK Q1 2023 Investors’ & Analysts’ Briefing
Slide 5: Solid start for 2023 with double digit growth in Earnings to Parent
Solid start for 2023 with double digit growth of 10% in Earnings to Parent Q1 2023 Q1 2022 PARENT NIAT SETS A STRONG (₱ IN MILLIONS) Movement Movement (%) Actual Actual YEAR-START IN Q1 2023 Sale of real estates 4,711 3,539 1,172 33% (IN MILLIONS) Hotel 29 16 13 79% Leasing 21 18 4 22% Management fe
Slide 6: Robust top line growth across all segments
Robust top Line growth across all segments Increased 33% with ₱30 Bn in Unrealized Revenue REALIZED AND UNREALIZED REVENUE MARKET (Realized Revenue) (PH in Millions) Increasing contribution from premier projects Unrealized Revenue Realized Revenue +17% +2% +23% +34% 2022 Q1 2023 +28% 2021 +40% 2020
Slide 7: Outstanding reservation sales growth backed by solid housing demand in VisMin
OUTSTANDING RESERVATION SALES GROWTH backed by solid housing demand in VisMin RESERVATION SALES MARKET (Reservation Sales) (PHP IN MILLIONS) Shifts from Garden to Economic series BUYERS’ PROFILE: NATIONALITY: 58% LOCALLY EMPLOYED 97% FILIPINO 30% OFW 3% FOREIGN 12% BUSINESS +10% +16% % vs YoY Growth
Slide 8: Solid and Healthy Financial Position with ₱90 Bn Total Assets
Solid and Healthy Financial Position with ₱90 Bn Total Assets Driven by the construction progress of sold units. As of Mar 31, As of Dec 31, Movement In (₱ IN MILLIONS) Movement % CONSO ROA 2023 2022 Php Q1 2023 Cash 1,030 1,435 (405) (28%) Accounts Receivables 3,229 3,678 (449) (12%) Contract Asset
Slide 9: CLI Debt Maturity Profile
CLI DEBT MATURITY PROFILE Net Debt to Equity within Loan Covenants OUTSTANDING LOANS AS OF MARCH 31, 2023 COST OF DEBT & NET D/E (₱ IN MILLIONS) FLOAT AND FIXED O/S LOANS AND RATES Fixed - 66%, Float - 34%
Slide 10: Business Updates
01 02 03 04 FINANCIAL BUSINESS SIGNIFICANT 2023 PERFORMANCE UPDATES MILESTONES OUTLOOK Q1 2023 Investors’ & Analysts’ Briefing
Slide 11: Continuous Expansion of Landbank with New Expansion Site in Butuan
Continuous Expansion of Landbank to 108 Hectares with New Expansion Site in Butuan LANDBANK (IN SQ.M) Under JVs Wholly owned 1% MACTAN 25% 3% 1% 16% CEBU BOHOL 13% PALAWAN CAGAYAN DE ORO BUTUAN 41% DAVAO ₱10.4 BILLION IN 100 Hectares LAND VALUE FOR RECLAMATION Q1 2023 Investors’ & Analysts’ Briefing
Slide 12: Spent ₱2.7 Bn in Capital Expenditures
SPENT ₱2.7 Bn IN CAPITAL EXPENDITURES Mainly for Property Development CAPITAL EXPENDITURE CAPEX SPENDING (₱ IN MILLIONS) ● Lot Acquisition ● Investment Property ● Residential Development ● Others Q1 2023 Investors’ & Analysts’ Briefing
Slide 13: Business Portfolio
BUSINESS PORTFOLIO AS OF Q1 2023 81 6 10 10 3 MIXED-USE/ RESIDENTIAL OFFICES HOTELS TOWNSHIPS COMMERCIAL
Slide 14: Real Estate Sales
REAL ESTATE SALES 33% ↑ 94% Sold out units across Continues to make up majority of CLI’s portfolio as the Company addresses ₱4.7 billion real estate demand for quality-built, cost-effective, sales revenue all stages value-for-money housing and well-planned communities. ₱1 Bn Project Sales value laun
Slide 15: Real Estate Sales
REAL ESTATE SALES TOTAL RECENT CONSTRUCTION IN COMPLETED PORTFOLIO LAUNCHES PROGRESS NO. OF PROJECTS 85 17 33 35 TOTAL UNITS 34,276 4,946 17,735 11,595 TOTAL PROJECT VALUE ₱108.67 Bn ₱20.76 Bn ₱61.81 Bn ₱26.10 Bn LAND AREA 201.71 Ha 20.44 Ha 86.72 Ha 94.55 Ha % SOLD 94% 90% 94% 98% UNITS SOLD 32,166
Slide 16: Real Estate Sales: Recent Launches
Real Estate Sales ✔ Calle 104 Recent Launches sold out in a record 3 days the 2.4Bn 17 RECENTLY LAUNCHED PROJECTS WITH 20.44 HECTARES 4,946 UNITS WORTH ₱20.76 Bn SALES ✔ CMT Palawan Ph1, VALUE AS OF Q1 2023, 90% SOLD 4,220 UNITS WORTH 85% sold in less than 1 week ₱16.58 Bn IN SALES VALUE CASA MIRA T
Slide 17: Real Estate Sales: Construction in Progress
Real Estate Sales Construction in Progress 33 PROJECTS IN PROGRESS WITH 86.72 HECTARES ,17,735 UNITS WORTH ₱61.81 Bn SALES VALUE AS OF Q1 2023, 94% SOLD 16,619 UNITS WORTH ₱55.32 Bn IN SALES VALUE 4 1 2 18 ILOILO ORMOC BACOLOD 1 MESAVIRRE GARDEN RESIDENCES C (BACOLOD) CASA MIRA ILOILO VELMIRO GREENS
Slide 18: Real Estate Sales: Completed Projects
Real Estate Sales Completed Projects 1 35 COMPLETED PROJECTS WITH 94.55 HECTARES ,11,595 UNITS WORTH ₱26.10 Bn SALES VALUE AS OF Q1 2023, 98% SOLD 11,327 UNITS WORTH ₱25.17 Bn IN SALES VALUE MINDORO 2 Cebu • San Jose Maria Village projects 26 • Villa Casita Balamban BASE LINE PREMIER (CEBU CITY) • M
Slide 19: Office and Retail Projects
OFFICE AND RETAIL PROJECTS 30KSQM 200KSQM Expansion of recurring revenue through strong pipeline of leasing projects – in GLA completed in GLA the next 5 years office buildings and commercial spaces to compliment its residential segment. 47.0KSQM 22% ↑ in GLA under construction Revenue from leasing gr
Slide 20: Office and Retail Projects
Office and Retail Projects PREMIUM LEASING PARTNERS IN NEWLY COMPLETED 38 PARK AVENUE THE PARK @ 38 PARK AVENUE 921 GLA |100% LEASED OUT | ON-GOING FITOUTS GROSS LEASABLE AREA (IN SQM) +100% +60% +2% * office Decreased GLA due to conversion to space (CLI’s office expansion) & conversion as saleable unit
Slide 21: Hotel and Recreational Development
HOTEL & RECREATIONAL DEVELOPMENT 180 10 Rooms projects in portfolio Portfolio of hotels, co-living spaces and completed resorts, some of which are managed by well-known hotel management companies. 1,542 79% ↑ Room keys Hospitality under construction revenue growth Q1 2023 Investors’ & Analysts’ Brie
Slide 22: Hotel and Recreational Development
Hotel and Recreational Development PROMISING MASSIVE GROWTH OF HOTEL PORTFOLIO HOSPITALITY PROJECTS UNDER CONSTRUCTION TO BOOST UP RECURRING INCOME PORTFOLIO IN ASTRA IN BALAMBAN IN MACTAN, CENTRE, CEBU CEBU CEBU 144 Rooms 13 Villas 125 Rooms To be 20 rooms To be completed completed To be completed
Slide 23: Mixed-Use and Townships
MIXED-USE AND TOWNSHIPS 135+ 8 Hectares of Mixed-use projects in Strengthening its township ventures and land for development portfolio large scale developments in prime urban locations within the region. 3 4k sq.m Existing Expected GLA from planned sites completed Phase 1 in Davao Global Township (
Slide 24: 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 25: Manresa Town
Manresa Town Manresa, Cagayan de Oro City ❑ 14.3 hectares ❑ Features: o Commercial spaces o Mall o Dormitory o Residential towers o Subdivision FY 2022 Investors’ & Analysts’ Briefing
Slide 26: Ming-Mori Techno Business Hub
Ming-Mori Techno Business hub Minglanilia , Cebu ➢ 100 hectares ➢ Features: ○ Industrial spaces ○ Commercial spaces ○ Mixed-use Transport hub ○ Residential towers ○ Open spaces FY 2022 Investors’ & Analysts’ Briefing
Slide 27: Significant Milestones
01 02 03 04 FINANCIAL BUSINESS SIGNIFICANT 2023 PERFORMANCE UPDATES MILESTONES OUTLOOK Q1 2023 Investors’ & Analysts’ Briefing
Slide 28: Topped off the 263-room hotel and 26-storey tower of The Paragon Davao
Topped off the 263-room hotel and the 26-storey residential tower of The Paragon Davao 9th PROPERTYGURU PHILIPPINES PROPERTY AWARDS 2021 BEST CONDO DEVELOPMENT (METRO DAVAO) One Paragon Place The property’s residential tower with 554 units expected to start turnover in Q4 2023.
Slide 29: To start construction of 21 hectare mountain resort
To start construction of 21 hectare mountain resort to be completed in 2025 with 33 exquisite rooms MAGSPEAK MOUNTAIN RESORT AND VILLAS 21 HECTARES 20 HOTEL ROOMS & 13 EXCLUSIVE VILLAS TO BE COMPLETED IN 2025
Slide 30: Soft launch of The Pad
Soft launch of The Pad Received high interest from working professions, Students, Corporate Accounts, & Japan ESL THE PAD Start of Ops : Aug 2023 (Long stay) Sep 2023 (Short Stay) Rooms : 125 LS/ 100 SS rooms
Slide 31: Strengthening VisMin Leadership with H1 2023 pipeline projects
Strengthening VisMin Leadership with H1 2023 pipeline projects CASA MIRA TOWERS MANDAUE T1 (CEBU) MINDARA RESIDENCES (DAVAO) MANDTRA RESIDENCES T2 (CEBU) COSTA MIRA MACTAN T3-T4 (CEBU) ₱0.98 BILLION | 256 UNITS ₱1.5 BILLION | 546 UNITS ₱2.3 BILLION | 685 UNITS ₱1.4 BILLION | 460 UNITS VELMIRO HEIGHT
Slide 32: Newly completed projects to bring in 10Bn worth of potential takeouts in 2023
Newly completed projects to bring in 10Bn worth of potential takeouts in 2023 VELMIRO GREENS BOHOL VELMIRO UPTOWN CDO ₱740 MILLION | 204 UNITS | 96% SOLD ₱2 BILLION | 395 UNITS | 99% SOLD CASA MIRA SOUTH PH3 CASA MIRA ILOILO ₱1.3 BILLION | 618 UNITS | 100% SOLD ₱3.3 BILLION | 1,109 UNITS | 94% SOLD
Slide 33: Newly completed projects to bring in 10Bn worth of potential takeouts in 2023
Newly completed projects to bring in 10Bn worth of potential takeouts in 2023 CASA MIRA GUADALUPE T1 ₱1.3 BILLION | 544 UNITS | 93% SOLD MESAVIRRE BACOLOD A-C BASELINE PRESTIGE 38 PARK AVENUE ₱3 BILLION | 1,072UNITS | 93% SOLD ₱1.8 BILLION |351 UNITS | 99% SOLD ₱6 BILLION |764 UNITS | 94% SOLD www.c
Slide 34: Q & A
Q&A www.cebulandmasters.com
Slide 35: Q1 2023 Investors' and Analysts' Briefing
Q1 2023 INVESTORS’ AND ANALYSTS’ BRIEFING May 3, 2023 • 10:00 AM www.cebulandmasters.com