Robinsons Land Corp. · PSE:RLC

Robinsons Land — 1HFY2015 Earnings Presentation

14 slides from Robinsons Land's earnings presentation, May 15, 2015

1. Slide 1: Quarterly Investors' Briefing

   Quarterly Investors’ Briefing 15 May 2015

2. Slide 2: Financial Highlights – 1HFY2015

   FINANCIAL HIGHLIGHTS – 1HFY2015 PhP MM REVENUES %Total YoY EBITDA %Total YoY EBIT %Total YoY RLC RLC RLC malls 9,680 100% 14% 5,192 100% 17% 3,681 100% 17% 4,451 46% 12% 3,040 59% 10% 1,888 51% 8% offices 991 10% 36% 953 18% 36% 696 19% 36% hotels 887 9% 12% 328 6% 24% 243 7% 32% residential 3,351 3

3. Slide 3: Strong Balance Sheet Position

   STRONG BALANCE SHEET POSITION TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP MM) 95,852 55,368 85,369 52,570 49,304 74,886 FY13 FY14 1HFY15 FY13 FY14 1HFY15 RETURN ON EQUITY NET DEBT TO EQUITY 32% 29% 10% 23% 9% 9% FY13 FY14 FY15* FY13 FY14 1HFY15 *Estimate

4. Slide 4: Malls: Revenues, EBITDA, EBIT

   REVENUES +12% 3,990 4,451  Second largest mall operator 1HFY14 1HFY15 in the Philippines with 39 malls EBITDA  1,081,000 sqm in GLA +10%  2,018,000 sqm in GFA  95% latest system-wide 2,761 3,040 occupancy  Approximately 8,000 retailers  Same mall revenue growth at 1HFY14 1HFY15 8% EBIT +8% 1,7

5. Slide 5: Offices: Revenues, EBITDA, EBIT

   REVENUES +36% 991 729  A leading BPO office space provider with 275,000 sqm net leasable space 1HFY14 1HFY15  Total leased space for our 10 office buildings is 99% EBITDA  Increased space by 42% in FY +36% 2014  Dominant landlord in the 953 702 Ortigas Central Business District 1HFY14 1HFY15 EBI

6. Slide 6: Hotel Properties

   14 Hotel Properties REVENUES EBITDA +12% +24% 887 328 792 265 1HFY14 1HFY15 1HFY14 1HFY15 EBIT # of Rooms +32% +21% 243 1,790 2,174 184 1HFY14 1HFY15 1HFY14 1HFY15

7. Slide 7: Sales Take-Up

   SALES TAKE-UP -3% 3,924 3,817 668 382 35% 1,160 1,320 52% 10% 1,933 2,016 3% 767 163 99 1HFY14 1HFY15 CAGR: +16%

8. Slide 8: Residential Realized Revenues, EBITDA, EBIT

   REALIZED REVENUES +14% 3,351 2,948 1HFY14 1HFY15  Realized Revenues amounted to PhP3.4B  EBITDA amounted to PhP871M  EBIT amounted to PhP854M

9. Slide 9: Capital Expenditure and Landbank

   CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 17,000 14,274 14,218 11,310 Investment Capex 6,009 11,306 7,867 Development Capex 4,945 5,459 4,328 Land Acquisition 3,534 5,404 3,466 3,829 2,831 3,937 1,979 1,865 947 14 FY2012 FY2013 FY2014 1HFY15 FY2015B LANDBANK (as of 31 Mar. 2015) SUMMARY A

10. Slide 10: Moving Forward – Future Plans & Strategies (Malls)

    MOVING FORWARD – Future Plans & Strategies +16% +8% +11% +10% 1,392,000 +16% 1,292,000 1,165,000 1,056,000 913,000 Gross Leasable Area (sqm) FY2013 FY2014 FY2015 FY2016 FY2017 1 Mall 6 New Malls 3 New Malls 4 New Malls 4 New Malls Expansion 1 Expansion 2 Expansion FY2015 Openings  Robinsons Place L

11. Slide 11: Moving Forward – Future Plans & Strategies (Offices)

    MOVING FORWARD – Future Plans & Strategies +22% +19% 450,000 +13% +42% 0% 370,000 310,000 275,000 275,000 Net 193,000 Leasable Area (sqm) FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 •Cyberscape Alpha •Tera Tower •Bonifacio •Giga Tower •Cyberscape Beta Summit Center •Cyberscape Gamma  Tera Tower : Q1

12. Slide 12: Moving Forward – Future Plans & Strategies (Hotels)

    MOVING FORWARD – Future Plans & Strategies +8% +19% 2,798 +15% +17% 2,587 2,174 1,896 1,623 # of Hotel Rooms FY2013 FY2014 FY2015 FY2016 FY2017  Go Hotels Alpha Ortigas : Opened 106 rooms in September 2014 : Opened all 198 rooms in November 2014  Go Hotels Butuan : Opened 31 rooms in December 2014

13. Slide 13: Moving Forward – Recent Developments

    MOVING FORWARD – Future Plans & Strategies CAGR: +16% 9,313 8,623 6,009 5,749 Sales Take-Up 5,092 FY2010 FY2011 FY2012 FY2013 FY2014 Recent Developments Robinsons Land Corporation and Starwood Asia Pacific Hotels and Resorts Pte Ltd. have entered into an agreement for The Westin Manila Sonata Place

14. Slide 14: Thank You

    THANK YOU ROBINSONS LAND CORPORATION

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