Robinsons Land Corp. · PSE:RLC
Robinsons Land — 9M CY2024 Earnings Presentation
33 slides from Robinsons Land's earnings presentation, Nov 7, 2024
Slide 1: 9M/3Q CY2024 Analyst Briefing
9M/3Q CY2024 Analyst Briefing 07 November 2024 Robinsons
Slide 2: Outline
OUTLINE 1. RL COMMERCIAL REIT 9M CY2024 FINANCIAL PERFORMANCE 2. RLC 9M CY2024 FINANCIAL HIGHLIGHTS 3. RLC 9M CY2024 OPERATIONAL HIGHLIGHTS 4. RLC 9M CY2024 ESG UPDATES 5. RLC FUTURE PLANS AND STRATEGIES 2
Slide 3: RCR Financial Performance
9M/3Q CY2024 RCR FINANCIAL PERFORMANCE 3
Slide 4: RCR's Current Portfolio (29 Assets)
RCR’s CURRENT PORTFOLIO (29 Assets) RCR's Current Portfolio Assets GLA (in sqm) 900,000 72% 1. Robinsons Equitable Tower 14,365 31,394 827,807 2. Robinsons Summit Center 3. Cybergate Cebu 6,866 4. Cyberscape Alpha 49,902 800,000 5. Cyberscape Beta 42,245 6. Tera Tower 35,087 7. Galleria Cebu 8,851 7
Slide 5: RL Commercial REIT 9M2024 Financial Performance
RL COMMERCIAL REIT 9M2024 FINANCIAL PERFORMANCE First 9 Months % to % to Variance in Millions PHP Offices Total Malls Total 2024 2023 Amount % Revenues 4,463 78% 1,274 22% 5,737 4,064 1,673 41% Distributable Income 3,663 83% 766 17% 4,429 3,317 1,112 34% Adjusted Funds From Operations (AFFO) 3,465 8
Slide 6: RCR's Wide Geographical Reach (29 Assets, 18 Key Locations)
RCR’s WIDE GEOGRAPHICAL REACH (29 Assets,18 Key Locations) Quezon City Tarlac City RCR’s 3rd Asset Infusion • Luisita 1 • Tera Tower • Robinsons Luisita* • Exxa-Zeta Towers • • Giga Tower* Robinsons Novaliches* Cabanatuan City* +13 Assets worth P33.92 billion Pasig City • Robinsons Cabanatuan* +8 Un
Slide 7: RLC Presentation
9M/3Q CY2024 RLC PRESENTATION 7
Slide 8: Key Messages (for the period 9M/3Q CY2024)
KEY MESSAGES(for the period 9M/3Q CY2024) EARNINGS MILESTONES ▪ RLC achieved solid earnings growth with net income attributable to parent increasing by 13% year-on-year to Php10.01 Bn ▪ The investment portfolio contributed 77%, 82%, and 77% to consolidated revenues, EBITDA & EBIT, respectively MALLS
Slide 9: Business Portfolio
55 Lifestyle Centers from 54 as of 2Q CY2024 Residential Developments 135 from 132 as of 2Q CY2024 32 Office Developments Business Portfolio 31 Mixed-Use Developments As of 9M CY2024 26 Hotels & Resorts 10 work.able Centers 10 Industrial Facilities
Slide 10: Financial Highlights
9M/3Q CY2024 FINANCIAL HIGHLIGHTS 10
Slide 11: Solid and Healthy Financial Position
SOLID AND HEALTHY FINANCIAL POSITION Sep-24 Dec-23 Dec-22 Total Assets 252,158 235,690 223,436 Cash and Cash Equivalents 7,404 5,724 8,278 Total Liabilities 95,508 94,215 87,989 Loans Payable 53,186 53,949 51,159 Stockholders' Equity 156,651 141,475 135,447 Net Debt to Equity 30.76% 35.59% 33.15% Ea
Slide 12: Diversified Business Model Provides Resilient Cash Flow
DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) 45.50 42.02 +4% 22.82 +7% 30.21 31.42 Investment 19.35 17.79 Investment 45% Portfolio 16.66 51% Portfolio +14% YoY 70% +13% YoY 67% 70% 77% Development 78% 82% Development 55% Portfolio Portfolio 49% -20%
Slide 13: Per BU Financial Performance Highlights (9M CY2024)
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS (9M CY2024) REVENUE EBITDA EBIT (In PhP Mn) 9M 2024 % to RLC YoY 9M 2024 % to RLC YoY 9M 2024 % to RLC YoY TOTAL RLC 31,421 100% 4% 17,786 100% 7% 13,561 100% 7% Malls 13,155 42% 12% 7,899 44% 13% 5,345 39% 20% Offices 5,921 19% 7% 4,784 27% 2% 3,925 29% 0% Ho
Slide 14: Per BU Financial Performance Highlights (3Q CY2024)
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS (3Q CY2024) REVENUE EBITDA EBIT (In PhP Mn) 3Q 2024 % to RLC YoY 3Q 2024 % to RLC YoY 3Q 2024 % to RLC YoY TOTAL RLC 10,089 100% (5%) 5,571 100% (4%) 4,119 100% (6%) Malls 4,447 44% 11% 2,555 46% 7% 1,661 40% 8% Offices 1,999 20% 10% 1,660 30% 6% 1,366 33% 7%
Slide 15: Operational Highlights
9M/3Q CY2024 OPERATIONAL HIGHLIGHTS 15
Slide 16: Robinsons Malls
ROBINSONS MALLS ▪ 2nd largest mall operator in the Philippines REVENUES (Php Mn) RENTAL REVENUES (Php Mn) with 55 malls nationwide, 9 within Metro Manila and 46 in other areas +12% +13% ▪ 1.68 Mn sqm in Gross Leasable Area 13,155 ▪ 93% total occupancy rate 11,776 9,353 8,301 ▪ More than 8,500 retail
Slide 17: CY2024 New Mall
CY2024 NEW MALL OPUS Atrium The Central Garden Cinema Lobby Kids Cinema VIP Cinema Location: Quezon City Opening Date: July 2024 GLA: 47,405 sqm 17
Slide 18: Robinsons Offices
ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn) ▪ A leading IT-BPM office space provider with +7% 793,000 sqm gross leasable space +2% ▪ 86% leased percentage across 32 office developments 1,124 ▪ 10 work.able centers 5,537 865 5,921 4,687 4,784 ▪ Dominant office landlord in the Ortigas Central
Slide 19: Robinsons Hotels and Resorts
ROBINSONS HOTELS AND RESORTS ▪ Multi-branded, continuously expanding hotel portfolio spanning 4 segments – essential service value hotels, mid-market boutique city and resort REVENUES (Php Mn) EBITDA (Php Mn) hotels, upscale deluxe hotels, and luxury hotels and resorts +33% ▪ 26 hotel properties wit
Slide 20: Residential Division
RESIDENTIAL DIVISION RLC NET SALES TAKE-UP (Php Mn) JV NET SALES TAKE-UP (Php Mn) Period Amount (in mn) 1H24 6,135 3Q Net Sales 4,993 17,300 Total for 9M24 11,128 *Cancelled - 8,000 Net Sales 9M24 3,128 -15% * In 3Q24, Php8 Bn more cancelled due to more stringent cancellation policy -82% 10,653 12,5
Slide 21: CY2024 New Residential Project
CY2024 NEW RESIDENTIAL PROJECT Le Pont – Tower 2 Location: Bridgetowne, Pasig City Launch dates: July 2024 No. of Units: 644 Launched Sales Value: Php. 13.30 Bn 21
Slide 22: CY2024 New Residential Project
CY2024 NEW RESIDENTIAL PROJECT Mira – Tower 2 Sierra Valley Garden – Tower 5 TOWER 2 Location: Cubao, Quezon City Location: Sierra Valley, Cainta City Launch dates: July. 2024 Launch dates: July 2024 No. of Units: 538 No. of Units: 502 Launched Sales Value: Php. 4.40 Bn Launched Sales Value: Php. 3.
Slide 23: Robinsons Logistics and Industrial Facilities
ROBINSONS LOGISTICS AND INDUSTRIAL FACILITIES ▪ One of the leading industrial facility providers in REVENUES (Php Mn) EBITDA (Php Mn) the country with a total GLA of 244,000 sqm +36% +34% ▪ 10 industrial facilities all across Luzon 649 ▪ Completed Sierra 2 with GLA of 17,000 sqm 477 445 596 9M CY23
Slide 24: Robinsons Destination Estates
ROBINSONS DESTINATION ESTATES ▪ Bridgetowne is the preferred venue this summer for outdoor activities and events (eg. Fun run and REVENUES (Php Mn) EBITDA (Php Mn) music festivals) ▪ Sierra Valley opened new standalone F&B stores +21% with drive-thru +30% 867 ▪ Montclair on-going construction of the
Slide 25: Capital Expenditures
CAPITAL EXPENDITURES Capital Expenditure Program for Philippine Operations remains in line with overall corporate strategy HISTORICAL CAPEX ₱ 25,398 ₱ 25,862 ₱ 24,816 ₱ 22,151 ₱ 20,603 11,238 10,979 12,700 ₱ 17,829 9,704 9,936 5,910 5,086 5,858 3,694 6,168 4,839 8,116 9,074 8,753 9,024 Investment Ca
Slide 26: Landbank
LANDBANK RLC will continue to be on the lookout for strategic land bank across the country Area Value Location (Has.) (Php Bn) Destination Estates 246 60.0 1. Bridgetowne 12 42.0 2. Sierra Valley 8 6.8 3. Montclair 226 11.3 Metro Manila 26 96.0 Luzon 306 16.8 Visayas 112 12.7 Mindanao 147 6.3 TOTAL
Slide 27: ESG Updates
9M/3Q CY2024 ESG UPDATES RLC IR Team, (+632) 83970334 rela ns@robinsonsland.com
Slide 28: ESG Updates
ESG UPDATES Responsible growth, reaching underserved markets, reshaping communities and creating value for stakeholders Environment Social Governance Renewable Energy Relief Operations • Typhoon Carina - July Independent Directors • 24 Malls with Solar Power • Cebu Fire - Jan, Feb & June • 4 Malls &
Slide 29: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES 29
Slide 30: Future Plans
FUTURE PLANS +3% +3% 1,725 +12% +2% +1% 1,679 885 +7% 1,631 GLA (thousand sqm) NLA (thousand sqm) 1,611 +8% 793 1,577 741 741 688 CY2021 CY2022 CY2023 CY2024 CY2025 CY2021 CY2022 CY2023 CY2024 CY2025 •Tacloban Rehab •Antipolo Expansion •NuStar Mall •Opus •Pagadian Mall •Cyber Omega •Cybergate Galler
Slide 31: Future Plans
FUTURE PLANS +12% +30% 328 GLA (thousands sqm) 294 +36% +0% 227 167 167 CY2021 CY2022 CY2023 CY2024 CY2025 •RLX Sucat 2 •RLX Calamba 2A •RLX Sierra 2 • RLX Taytay 2 •RLX San Fernando •RLX Calamba 2B •RLX Calamba 2 C & D •RLX Calamba 2E •RLX Mexico •RLX San Fernando 2 +5% +9% +20% 4,466 4,243 No. of
Slide 32: Thank You
THANK YOU RLCIR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 33: 9M/3Q CY2024 Analyst Briefing
FUTURE PLANS 9M/3Q CY2024 Analyst Briefing