Robinsons Land Corp. · PSE:RLC

Robinsons Land — Shareholder Meeting (April 2015)

27 slides from Robinsons Land's shareholder meeting presentation, Apr 29, 2015

  1. Slide 1: Annual Shareholders' Presentation

    Annual Shareholders’ Presentation April 29, 2015

  2. Slide 2: Strong cashflow, consumer play

    Strong cashflow, consumer play Leading LeadingBPO BPOoffice office space provider space provider Multiple locations, multiple brands Diversified hospitality portfolio

  3. Slide 3: A Leading Philippine Property Company

    A LEADING PHILIPPINE PROPERTY COMPANY GDP Growth Rate • Mall 6.6% 7.2% 6.1% • Residential Ilocos Norte 3.9% Projects •Mall • Mall Nueva Ecija Isabela 2011 2012 2013 2014 •Mall • Mall Pangasinan Population (in millions) Tarlac •Malls •Residential Project Pampanga •Residential Projects 100.6 • Mall Bu

  4. Slide 4: Recent Developments: RLC Fixed-Rate Bonds Issuance

    RECENT DEVELOPMENTS RLC FIXED-RATE BONDS ISSUANCE  Total Amount: Php 12 Billion  Issue Date: February 23, 2015  2 tenors:  7-year tenor : 4.8000% per annum  10-year tenor : 4.9344% per annum  New record for the group

  5. Slide 5: Diversified Business Model

    DIVERSIFIED BUSINESS MODEL Shopping Malls Office Buildings Hotels Residential INVESTMENT PORTFOLIO DEVELOPMENT PORTFOLIO FY2014 Q1FY15 FY2014 Q1FY15 Revenue Contribution 66% 65% 34% 35% EBITDA Contribution 83% 83% 17% 17% EBIT Contribution 77% 77% 23% 23%

  6. Slide 6: Income Statement Highlights

    INCOME STATEMENT HIGHLIGHTS vs. Q1 vs. FY2014 Highlights FY14 Php millions SPLY FY15 SPLY  Revenue growth of 7% due to strong operating performance of all divisions, Revenues 17,051 +7% 4,790 +9% led by Malls and Office divisions Cost and Expenses 8,077 +8% 2,207 +7%  Net Income at PhP4.7B, a 6% g

  7. Slide 7: Strong Balance Sheet Position

    STRONG BALANCE SHEET POSITION TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP MM) 88,421 85,369 52,570 53,968 49,304 74,886 FY13 FY14 Q1FY15 FY13 FY14 Q1FY15 RETURN ON EQUITY CURRENT NET DEBT TO EQUITY 32% 31% 10% 23% 9% 9% FY13 FY14 Q1FY15 FY13 FY14 Q1FY15

  8. Slide 8: Stable Recurring Income and Revenue

    STABLE RECURRING INCOME AND REVENUE (PhP MM) REVENUES EBITDA CAGR: +12% CAGR: +11% 17,051 15,905 13,515 12,807 10,821 10,327 11,183 8,429 8,974 8,300 9,211 6,639 7,318 7,641 5,934 6,976 7,509 5,868 5,664 6,279 5,578 5,202 3,180 4,507 4,304 975 1,039 1,453 1,465 732 2010 2011 2012 2013 2014 2010 2011

  9. Slide 9: Malls: Revenues, EBITDA, EBIT

    REVENUES +10% 8,105 7,390 +13% 2,200  Second largest mall operator 1,954 in the Philippines with 39 FY13 FY14 Q1FY14 Q1FY15 malls EBITDA  1,081,000 sqm in GLA  2,018,000 sqm in GFA +9%  95% latest system-wide 5,075 5,506 occupancy +8%  Approximately 8,000 retailers 1,401 1,518  Same mall reven

  10. Slide 10: New Malls Opened in FY2014

    6 New Malls Opened in FY2014 Land Area: 78,900sqm Land Area: 23,300sqm Land Area: 26,100sqm GFA: 41,516sqm GFA: 17,076sqm GFA: 67,667sqm GLA: 26,098sqm GLA: 9,651sqm GLA: 27,131sqm Land Area: 74,800sqm Land Area: 48,700sqm Land Area: 55,500sqm GFA: 37,402sqm GFA: 40,346sqm GFA: 43,329sqm GLA: 22,884

  11. Slide 11: Awards and Recognitions

    Awards and Recognitions Philippine Retailers Association - Shopping Center of the Year

  12. Slide 12: Malls: Revenues, GLA, EBITDA, EBIT

    REVENUES GLA CAGR: +11% CAGR: +7% 1,056,000 913,000 7,390 8,105 813,000 813,000 910,000 5,759 6,429 5,312 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 EBITDA EBIT CAGR: +10% CAGR: +10% 5,075 5,506 3,976 4,492 3,713 2,999 3,214 3,400 2,324 2,466 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014

  13. Slide 13: Office Buildings: Revenues, EBITDA, EBIT

    REVENUES +7% 1,440 1,544  A leading BPO office space +29% provider with 275,000 sqm net 362 467 leasable space  Total leased space for our 10 FY13 FY14 Q1FY14 Q1FY15 office buildings is 99% EBITDA  Increased space by 42% in FY +7% 2014  Dominant landlord in the 1,386 1,477 +30% Ortigas Central B

  14. Slide 14: Two New Office Buildings in FY2014

    Two New Office Buildings in FY2014 Cyberscape Alpha Cyberscape Beta

  15. Slide 15: Office Buildings: Revenues, NLA, EBITDA, EBIT

    REVENUES NLA CAGR: +7% CAGR: +10% 1,544 1,335 1,398 1,440 275,000 1,182 188,000 193,000 193,000 193,000 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 EBITDA EBIT CAGR: +7% CAGR: +6% 1,386 1,477 1,302 1,345 1,140 1,047 923 961 1,009 842 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014

  16. Slide 16: Hotels: Revenues, EBITDA, EBIT

    REVENUES +3% 1,497 1,534 FY 2014 Revenue Contribution +11% 13% 401 447 71% 16% FY13 FY14 Q1FY14 Q1FY15 INTERNATIONAL BRANDS EBITDA INTERNATIONAL BRANDS 527 526 +27% 138 174 FY13 FY14 Q1FY14 Q1FY15 SUMMIT HOTELS EBIT +6% 340 360 +39% 96 133 FY13 FY14 Q1FY14 Q1FY15

  17. Slide 17: Hotel Properties – As of December 2014

    13 Hotel Properties – As of December 2014 FY2014 New Hotels FY2015 New Hotel (as of Dec 2014) Location: Downtown District of Iloilo City Location: Cyberscape Alpha Ortigas Center Location: Butuan, Agusan del Norte Started Operations: December 2013 Started Operations: July 2014 Started Operations: De

  18. Slide 18: Residential: Sales Take-up and Realized Revenues

    SALES TAKE-UP REALIZED REVENUES +8% 9,313 8,623 1,256 1,055 +5% 1,398 2,867 5,578 5,868 5,404 4,594 1,771 1,746 +0.4% 289 166 525 633 1,669 1,676 767 596 906 51 896 51 FY13 FY14 Q1FY14 Q1FY15 FY13 FY14 Q1FY14 Q1FY15  Net Sales Take-up FY2014 at P9.3Bn,  Realized Revenues amounted to PhP5.87Bn 8% h

  19. Slide 19: Residential Awards and Projects

    International Property Awards – Asia Pacific FIABCI Philippines Property & Real Estate Awards “Best Residential High-Rise Development in “Most Outstanding Developer— the Philippines” 2013 Residential (Vertical)” 2015 Signa Designer Residences The Trion Towers Gateway Garden Ridge Brighton Parkplace

  20. Slide 20: Residential Project Launches in FY2014

    Residential Project Launches in FY2014 Trion Towers - Tower C Chimes Greenhills Fort Bonifacio, Taguig City Greenhills, San Juan City Brighton Baliwag Bloomfields Heights Lipa – Phase 3 Baliwag, Bulacan Lipa, Batangas

  21. Slide 21: Capital Expenditure and Landbank

    CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 17,000 14,274 14,218 11,310 Investment Capex 6,009 7,867 11,306 4,945 6,227 Development Capex 4,328 2,507 3,534 5,404 3,829 Land Acquisition 2,831 3,937 1,406 947 1,093 1,865 FY2012 FY2013 FY2014 Q1FY2015 FY2015B LANDBANK (as of 31 Dec 2014) SUMMA

  22. Slide 22: 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

  23. Slide 23: 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

  24. Slide 24: 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

  25. Slide 25: Moving Forward – Future Plans & Strategies: Residential

    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

  26. Slide 26: Euromoney Best Managed Company Award

    Robinsons Land was awarded by Euromoney as the Overall Best Managed Company in the Philippines 2013 & 2014

  27. Slide 27: Thank You

    THANK YOU ROBINSONS LAND CORPORATION

Robinsons Land — Shareholder Meeting (April 2015) on 6ix