Robinsons Land Corp. · PSE:RLC

Robinsons Land — Q1 2015 Earnings Presentation

15 slides from Robinsons Land's earnings presentation, Feb 13, 2015

  1. Slide 1: Quarterly Investors' Briefing

    Quarterly Investors’ Briefing 13 February 2015

  2. Slide 2: Financial Highlights – Q1FY2015

    FINANCIAL HIGHLIGHTS – Q1FY2015 PhP MM REVENUES %Total YoY EBITDA %Total YoY EBIT %Total YoY RLC RLC RLC 4,790 100% 9% 2,583 100% 11% 1,829 100% 8% malls 2,200 46% 13% 1,518 58% 8% 942 52% 2% offices 467 10% 29% 462 18% 30% 334 18% 28% hotels 447 9% 11% 174 7% 27% 133 7% 39% residential 1,676 35% 0%

  3. Slide 3: Strong Balance Sheet Position (as of December 31, 2014)

    STRONG BALANCE SHEET POSITION (as of December 31, 2014) TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP MM) 53,968 52,570 49,304 85,369 88,421 74,886 FY13 FY14 Q1FY15 FY13 FY14 Q1FY15 RETURN ON EQUITY NET DEBT TO EQUITY 52% 9% 9% 10% 32% 31% 23% FY13 FY14 Q1FY15 FY13 FY14 Q1FY15 3

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

    RECENT DEVELOPMENTS RLC FIXED-RATE BONDS ISSUANCE 85,369  Fixed-rate bonds  Principal Amount: Php 10billion with an oversubscription option of Php 2billion  Issue Date: February 23, 2015  2 tenors:  7-year tenor : 4.8000% per annum 52%  10-year tenor : 4.9334% per annum  New record for the gr

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

    REVENUES +13% 1,954 2,200 Q1FY2014 Q1FY2015  Second largest mall operator in EBITDA the Philippines with 39 malls +8%  1,081,000 sqm in GLA 1,401 1,518  2,018,000 sqm in GFA  95% latest system-wide occupancy Q1FY2014 Q1FY2015  Approximately 8,000 retailers  Adjusted same mall revenue EBIT +2%

  6. Slide 6: Offices: Revenues, EBITDA, EBIT

    REVENUES +29% 362 467  A leading BPO office space provider with 275,000 sqm net Q1FY2014 Q1FY2015 leasable space EBITDA  Total occupancy of our 10 office +30% buildings is 99% 357 462  Increased space by 42% in FY14  Dominant landlord in the Ortigas Central Business District Q1FY2014 Q1FY2015 EB

  7. Slide 7: Hotel Properties

    13 Hotel Properties REVENUES EBITDA +11% +27% 401 447 138 174 Q1FY2014 Q1FY2015 Q1FY2014 Q1FY2015 EBIT # of Rooms +6% +39% 1,896 2,019 96 133 Q1FY2014 Q1FY2015 FY2014 Q1FY2015 7

  8. Slide 8: Residential: Sales Take-Up

    SALES TAKE-UP -1.4% 1,771 1,746 289 166 36% 525 633 10% 906 896 51% 3% 767 51 51 Q1FY2014 Q1FY2015 CAGR: +16% 8

  9. Slide 9: Residential: Realized Revenues

    REALIZED REVENUES +0.4% 1,669 1,676 Q1FY2014 Q1FY2015  Realized Revenues amounted to PhP1.68B  EBITDA amounted to PhP426M  EBIT amounted to PhP420M 9

  10. Slide 10: 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 Development Capex 6,227 3,534 4,328 2,507 5,404 3,829 2,831 3,937 1,406 1,865 Land Acquisition 947 1,093 FY2012 FY2013 FY2014 Q1FY2015 FY2015B LANDBANK as of 31 December 2014 SU

  11. Slide 11: 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

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

    MOVING FORWARD – Future Plans & Strategies +22% +19% 450,000 +13% 370,000 +42% 0% 310,000 275,000 275,000 193,000 Net Leasable Area (sqm) FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Tera Tower Bonifacio Giga Tower Summit Center Gamma Tower  Tera Tower : Q1 FY2016  Bonifacio Summit Center : 2H FY2017

  13. Slide 13: Moving Forward – Future Plans & Strategies (Hotels)

    MOVING FORWARD – Future Plans & Strategies +19% +12% +15% 2,887 +17% 2,587 1,896 2,174 # of Rooms 1,623 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 : Op

  14. Slide 14: Moving Forward – Sales Take-Up and Recent Developments

    MOVING FORWARD – Future Plans & Strategies CAGR: +16% 8,623 9,313 6,009 5,749 Sales Take-Up 5,092 2010 2011 2012 2013 2014 Recent Developments We have signed a contract with the Starwood group to open a Westin-hotel and a Westin-branded residence in the Ortigas Center as part of the Sonata Complex.

  15. Slide 15: Thank You

    ROBINSONS LAND CORPORATION THANK YOU

Robinsons Land — Q1 2015 Earnings Presentation on 6ix