Slide 1: 4Q/CY19 Earnings Call Presentation
4Q/CY19 Earnings Call Presentation March 2, 2020 Robinson s 10:00am
Slide 2: Business Portfolio
Business Portfolio 52 LIFESTYLE CENTERS (from 51 as of end CY18) 78 RESIDENTIAL BUILDINGS (from 72 as of end CY18) 23 OFFICE DEVELOPMENTS (from 20 as of end CY18) 38 HOUSING SUBDIVISIONS 19 MIXED-USE DEVELOPMENTS (from 18 as of CY18) 20 HOTELS (from 18 as of CY18) 2
Slide 3: Strong Cash Flows Driven by Diversified Business Model
Strong Cash Flows Driven by Diversified Business Model REVENUES (in Php B) EBITDA (in Php B) Investment Investment Portfolio Portfolio +5% +15% YoY +16% YoY +3% 17.25 30.58 Development 16.35 Development 29.56 Portfolio Portfolio 22.81 -16% YoY 12.05 12.48 22.52 -26% YoY 62% 69% 74% 82% 66% 71% 85% 8
Slide 4: Strong Business Performance and Sound Financial Position
Strong Business Performance and Sound 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) 174.2 189.7 93.9 100.1 148.1 67.4 CY2017 CY2018 CY2019 CY2017 CY2018 CY2019 EARNINGS PER SHAR
Slide 5: 2019 Financial Performance Highlights
2019 Financial Performance Highlights Net income increased by 6% YoY to Php 8.69B REVENUE EBITDA EBIT % to % to % to CY2019 RLC YoY CY2019 RLC YoY CY2019 RLC YoY TOTAL RLC 30,584 100% 3% 17,249 100% 5% 12,283 100% 3% MALLS 13,249 43% 11% 8,822 51% 15% 5,170 42% 22% OFFICES 5,315 17% 24% 4,559 27% 21
Slide 6: Commercial Centers Division
COMMERCIAL CENTERS DIVISION 2nd largest mall operator in the REVENUES (Php Mn) Philippines with 52 malls nationwide, 9 +11% within Metro Manila and 43 in other urban areas 13,249 1,572,939 sqm in Gross Leasable Area 11,940 3,002,286 sqm in Gross Floor Area CY18 CY19 94% latest system-wide oc
Slide 7: Commercial Centers Division
COMMERCIAL CENTERS DIVISION Robinsons Galleria South Magnolia Expansion GLA: 47,852 sqm GLA: 16,554 sqm Date Opened: July 19,2019 Soft Opening: September 20 ,2019 Occupancy rate 91% Grand Opening: November 2019 7
Slide 8: Office Buildings Division
OFFICE BUILDINGS DIVISION REVENUES (Php Mn) A leading IT-BPM office space provider +24% with 592,000 sqm net leasable space 1,124 Total lease percentage for our 23 865 5,315 4,293 office developments is 98% Dominant office landlord in the CY18 CY19 Ortigas Central Business District EBITDA (Php
Slide 9: Office Buildings Division
OFFICE BUILDINGS DIVISION Cybergate Magnolia Giga Tower Luisita 2 NLA: 10,500 sqm NLA: 53,300 sqm NLA: 5,000 sqm Completion Date: Nov. 2019 Completion Date: Dec. 2019 Completion Date: Dec. 2019 9
Slide 10: Hotels and Resorts Division
HOTELS AND RESORTS DIVISION Multi-branded, continuously expanding REVENUES (Php Mn) hotel portfolio spanning 4 segments – +23% essential service value hotels, mid- market boutique city and resort hotels, upscale international deluxe hotels and 2,433 1,982 luxury hotels and resorts 20 hotel prope
Slide 11: Hotels and Resorts Division
HOTELS AND RESORTS DIVISION Summit Hotel Greenhills Dusit Thani Mactan Cebu Resort Rooms: 272 rooms Soft Opening: March 29, 2019 Rooms: 100 rooms Opening Date: Sept. 17, 2019 11
Slide 12: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) +31% 20,055 1,108 +5% 15,318 9,238 1,115 3,830 8,406 8,661 9,128 7,734 1,967 1,975 CY18 CY19 CY18 CY19 EBITDA (Php Mn) EBIT (Php Mn) +32% +33% 2,972 2,877 2,247 2,166 12 CY18 CY19 CY18 CY19
Slide 13: 2019 Project Launches
2019 PROJECT LAUNCHES The Sapphire Bloc East Galleria Residences Cebu Tower 3 Location: Pasig City Location: Cebu City Project Launch: April 2019 Project Launch: April 2019 No. of Units: 665 No. of Units: 299 Sales Value: P5.23B Sales Value: P2.18B Sales take-up (Dec. 31): 85% Sales take-up (Dec. 31
Slide 14: 2019 New Project Launches
2019 NEW PROJECT LAUNCHES Cirrus in Bridgetowne Location: Pasig City Project Launch: June 2019 No. of Units: 1,371 Sales Value: P5.64B Sales take-up (Dec. 31): 99% 14
Slide 15: 2019 New Project Launch
2019 NEW PROJECT LAUNCH Sync S Location: Pasig City Project Launch: July 2019 No. of Units: 598 Sales Value: P2.21B Sales take-up (Dec. 31): 91% 15
Slide 16: Joint Venture Update
JOINT VENTURE UPDATE Aurelia Residences Location: McKinley, Bonifacio Global City Project Launch: September 2019 No. of Units: 285 Sales Value: P33.06 B 16
Slide 17: Joint Venture Update
JOINT VENTURE UPDATE Velaris Residences Location: Pasig City Project Launch: November 2019 No. of Units: 494 Sales Value: P8.9 B 17
Slide 18: Joint Venture Update
JOINT VENTURE UPDATE Sonora Garden Residences Location: Las Pinas City Project Launch: Dec. 2019 No. of Units: 800 Sales Value: P5.3 B 18
Slide 19: IID – Investment Portfolio
IID – INVESTMENT PORTFOLIO Warehouse Facility – RLX Calamba REVENUES (Php Mn) 2% 135 138 CY18 CY19 EBITDA (Php Mn) 60% 35 22 Turned Over in December 2019 Location Laguna CY18 CY19 GLA 38,336 sq.m. EBIT (Php Mn) Property Type Warehouse Completion December 2019 4% 8.5 8.8 9 19 CY18 CY19
Slide 20: IID – Development Portfolio
IID – DEVELOPMENT PORTFOLIO REVENUES (Php Mn) Bridgetowne Township 2,547 -87% 321 CY18 CY19 EBITDA (Php Mn) 2,046 -90% 203 CY18 CY19 Location: Pasig City and Quezon City Size: 30.62 Hectares EBIT (Php Mn) 2,046 -90% 203 20 CY18 CY19
Slide 21: Townships: New Developments
Townships: New Developments Bridgetowne Officially Launched on September 18, 2019 Sierra Valley Development: Starbucks Now Open 21
Slide 22: Chengdu Ban Bian Jie Project
Chengdu Ban Bian Jie Project CHENGDU BAN BIAN JIE Group 2/5/6 Ban Bian Jie Ji Plot Location Tou 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) Nature of Acquisitio
Slide 23: Robust Growth Prospects
Robust Growth Prospects CAPITAL EXPENDITURE (Philippines) in PHPm Capital expenditure program in line with overall corporate strategy 27,000 25,398 22,507 23,376 Investment Capex Development Capex 16,984 10,769 16,202 10,658 Land Acquisition 13,309 13,405 13,245 7,555 10,769 7,068 3,251 9,056 7,251
Slide 24: Future Plans
FUTURE PLANS +9% +5% +3% 1,766 1,573 1,618 1,502 GLA (thousand sqm) CY2018 CY2019 CY2020 CY2021 -RP Ormoc -RP Galleria South -Dumaguete Exp. Ph. 1 - Gapan -RP Pavia -RP Magnolia Exp. -RP Antipolo Exp - Bridgetowne -RP Tuguegarao -Starmills Exp. Ph. 1 -La Union - Balanga -RP Valencia - Balayan +15% +
Slide 25: Future Plans
FUTURE PLANS +16% +12% +14% 4,045 3,626 No. of Hotel rooms 3,129 2,736 -Dusit Thani Mactan Cebu -GoH Naga *5 GoH -Goh Tuguegarao Franchises -Summit Naga -Summit Greenhills CY2018 CY2019 CY2020 CY2021 -Summit Tacloban -Dusit Thani - Summit Naga - GoH San Nicolas -GoH Iligan Mactan Cebu -GoH Naga -Sum
Slide 26: In Summary
IN SUMMARY 1. Net Income Growth: Increased by 6% to P8.69B for CY19. 2. Stable Growth from Investment Portfolio: Increased by 15% to P21.14B: • Malls Division revenues increased by 11% • Office Buildings Division revenues increased by 24% • Hotel and Resorts Division revenues increased by 23% • Indu
Slide 27: Thank You!
27 @ ROBINSONS LAND CORPORATION
Slide 28: 4Q/CY19 Earnings Call
ROBINSONS LAND CORPORATION 4Q/CY19 Earnings Call