Slide 1: 1H CY2017 Briefing Call
1H CY2017 BRIEFING CALL AUGUST 7, 2017
Slide 2: Stable Cash Flows Anchored by Recurring Income and Revenue
STABLE CASH FLOWS ANCHORED BY RECURRING INCOME AND REVENUE RLC’s investment portfolio continues to account for a major share in Revenues, EBITDA and EBIT REVENUES (in Php B) EBITDA (in Php B) CAGR: +13% CAGR: +13% 13.86 16.55 17.46 20.31 22.81 11.02 7.50 8.73 9.23 11.11 12.05 6.04 EBIT (in Php B) CA
Slide 3: Financial Performance Highlights – 1HCY17
FINANCIAL PERFORMANCE HIGHLIGHTS – 1HCY17 (IN MILLIONS) REVENUE EBITDA EBIT % to % to % to 1HCY17 RLC YoY 1HCY17 RLC YoY 1HCY17 RLC YoY TOTAL RLC 11,015 100% 1% 6,045 100% 3% 4,176 100% 1% MALLS 5,248 48% 6% 3,397 56% 7% 1,958 47% 7% OFFICES 1,505 14% 9% 1,364 23% 10% 1,054 25% 12% HOTELS 919 8% 7%
Slide 4: Strong Financial Position
STRONG 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) EARNINGS PER SHARE NET DEBT TO EQUITY 4
Slide 5: Malls: 2nd largest mall operator in the Philippines
REVENUES +6% 2nd largest mall operator in the Philippines with 44 malls nationwide, 9 within Metro Manila and 35 in other urban areas 1,290,000 sqm in Gross Leasable Area 2,438,000 sqm in Gross Floor Area 95% latest system-wide occupancy EBITDA Over 8,100 retailers +7% Partners EBIT +7% 5
Slide 6: Offices: Leading BPO office space provider
REVENUES +9% Leading BPO office space provider with 331,000 sqm net leasable space Total leased space for our 13 office developments is 97% EBITDA Dominant landlord in the Ortigas Central Business District +10% Partners EBIT +12% 6
Slide 7: Hotels: multi-branded hotel portfolio
REVENUES +7% Multi-branded hotel portfolio spanning essential service hotels to standard and deluxe hotels, with 16 hotel properties EBITDA Company-owned brands continue to expand and grow +12% 2,444 rooms across all segments International Brands EBIT Company-owned Brands +14% 7
Slide 8: Residential: Net Sales Take-Up and Realized Revenues
NET SALES TAKE-UP REALIZED REVENUES 4,790 -23% 3,696 -9% EBITDA EBIT -18% -20% 8
Slide 9: Sierra Valley and Warehouse Facility
Sierra Valley Land Development will commence in 2017 Ortigas Extension, Location Cainta, Rizal Plot Area 18 hectares Planned Development Mixed-use Nature of Acquired from Acquisition Mitsubishi Corporation Year Acquired 2015 Warehouse Facility Construction is on-going Location Muntinlupa City GLA 32
Slide 10: Robust Growth Prospects: Capital Expenditure and Land Bank
ROBUST GROWTH PROSPECTS CAPITAL EXPENDITURE (Philippines) Capital expenditure program in line with overall corporate strategy 16,202 16,984 16,000 13,309 13,405 Investment Capex Development Capex 8,693 Land Acquisition LAND BANK as of 30 Jun. 2017 (Philippines) RLC has sufficient land bank to suppor
Slide 11: Chengdu Ban Bian Jie
ROBUST GROWTH PROSPECTS CHENGDU BAN BIAN JIE Construction is on-going Group 2/5/6 Ban Bian Jie Ji Tou Plot Location town, Wuhou District Plot Area 8.5 hectares Plot Ratio 2.6x Gross Floor Area 220,000 sqm Planned Development Mainly residential Total Land Price* RMB 1.31 B (USD 207.36 M; PHP 9.63 B)
Slide 12: Future Plans and Strategies
ROBUST GROWTH PROSPECTS FUTURE PLANS AND STRATEGIES +9% +8% +28% +1% 518 +15% 1.391 1.505 +22% +16% +4% 1.276 +13% +7% 404 1.262 +42% NLA (thousands sqm) 1.056 1.095 310 331 331 .913 GLA (millions sqm) 275 193 Cyberscape Cyber Sigma Exxa Tower Tera Galleria Cebu Galleria Cebu 4 New Malls Alpha Iloco