Slide 1: FY 2024 Performance Analyst Briefing
FY 2024 Performance Analyst Briefing 20 February 2025
Slide 2: FY 2024 Performance Highlights
FY 2024 Performance Highlights TOTAL REVENUES NET INCOME CAPEX NET GEARING P180.7B +21% P28.2B +15% P84.6B 0.73:1 Segment Revenues PROPERTY DEVELOPMENT LEASING AND HOSPITALITY SERVICES P112.9B +22% P45.6B +9% P18.0B +57% RESIDENTIAL SHOPPING CENTER NET CONSTRUCTION P94.9B +23% P23.0B +9% P13.0B +98%
Slide 3: Revenues of P180.7B +21%; Net Income of P28.2B +15%
Revenues of P180.7 +21%; Net Income of P28.2B +15% INCOME STATEMENT FY 2024 FY 2023 Change % (in Php millions) Total Revenues 180,738 148,857 31,880 21% GAE RATIO Real Estate 176,533 145,501 31,032 21% 5% Interest and Other Income 4,205 3,356 849 25% 6% in FY 2023 Equity in Net Earnings of Associate
Slide 4: Solid topline growth driven by residential bookings, lot sales and construction
Solid topline growth driven by residential bookings, lot sales, increased external construction projects, and healthy leasing operations. REVENUE BREAKDOWN FY 2024 FY 2023 Change % (in Php millions) Property Development 112,917 92,336 20,581 22% Residential 94,859 77,194 17,665 23% Higher Bookings a
Slide 5: Well-managed product and operating margins within investment targets
Well-managed product and operating margins within investment targets MARGIN PERFORMANCE FY 2024 FY 2023 Property Development (Gross Profit) Residential Horizontal 43% 45% - Vertical 37% 38% - Office for Sale 48% 43% Higher Selling Prices on Booked Sales Commercial and Industrial Lots 65% 66% - Comme
Slide 6: Residential Sales: FY24 P127.1B +12%
Residential Sales: FY24 P127.1B +12% RESERVATION SALES (in Php Billions) Resilient property sales led by the Premium residential segment 33.3 35.0 and increasing demand for 30.6 32.1 horizontal projects. 27.7 27.6 28.0 26.6 Premium Core (In Php B) FY24 vs FY23 By Segment Premium 80.8 25% Core 46.3 -
Slide 7: Property Development: FY24 P141.8B +15%
Property Development: FY24 P141.8B +15% RESERVATION SALES (in Php Billions) Resilient property demand from the Premium segment, supplemented by growing demand for Commercial and 40.2 Industrial Lots 34.9 33.8 33.3 32.9 30.2 29.3 30.8 (In Php B) FY24 vs FY23 Estates By Segment Core Premium 80.8 25% P
Slide 8: 2024 Residential Launches: P80.5B
2024 Residential Launches: P80.5B Strategic launches in high-demand and low-inventory geographies By Segment 70% Premium; 30% Core By Product Type 35% Vertical; 65% Horizontal By Location Enara Nuvali Avida Towers Makati Southpoint T3 34% Metro Manila; 66% Suburban P15.5B | 415 Lots P6.3B | 924 Unit
Slide 9: Higher rent and stable occupancy drove healthy leasing operations
Higher rent and stable occupancy drove healthy leasing operations MALLS OFFICES HOTELS RESORTS 2.1M sqm GLA 1.4M sqm GLA 4,267* rooms Branded: 660 El Nido: 187 66 BPOs, 7 HQs Seda: 3,268 Lio B&Bs: 50 34 Malls, 63 Amenity Retail Sicogon B&Bs: 102 OCCUPANCY 67% (-) 43% (+2 pt) LEASE OUT RATE LEASE OUT
Slide 10: Leasing Assets Opened in 2024
Leasing Assets Opened in 2024 OFFICES (PARK TRIANGLE and ONE AYALA SOUTH TOWER HQ) MALLS (VERMOSA) +47K SQM GLA +25K SQM GLA PARK TRIANGLE 35k sqm ONE AYALA SOUTH TOWER 12k sqm VERMOSA 25k sqm opened in 2024 | 32K operating Ayala Land, Inc. 10
Slide 11: Capex spend of P84.6B
Capex spend of P84.6B CAPEX BREAKDOWN FY 2024 (in Php billions) Actual Residential Residential 37.6 46% Leasing and Hospitality 12.2 Malls 6.3 Estate Development Offices 4.1 27% Hotels and Resorts 1.7 Land Acquisition 10.4 Estate Development 22.0 Others 2.5 P84.6B Total 84.6 HISTORICAL CAPEX Land 10
Slide 12: Well-managed debt portfolio with 93% contracted long-term debt
Well-managed debt portfolio with 93% contracted long-term, 77% fixed; average borrowing cost of 5.3%, maturity of 4.9 years Total Borrowings: Php282.2B: Short-term Php20.7B (7%), Long-term Php261.5B (93%), Average Maturity 4.9 years Long-term Debt Maturity (in Php Billions) Short-term Debt Maturity
Slide 13: A solid balance sheet with a net gearing ratio of 0.73:1
A solid balance sheet with a net gearing ratio of 0.73:1 Balance Sheet December December (in Php Millions) 2024 2023 Cash & Cash Equivalents 22,231 17,820 Total Borrowings 282,156 258,254 Stockholders’ Equity 358,496 319,929 Current Ratio 1.75 1.76 Debt-to-Equity Ratio 0.79 0.81 Net Debt-to-Equity R
Slide 14: FY 2024 Performance Highlights
FY 2024 Performance Highlights TOTAL REVENUES NET INCOME CAPEX NET GEARING P180.7B +21% P28.2B +15% P84.6B 0.73:1 Segment Revenues PROPERTY DEVELOPMENT LEASING AND HOSPITALITY SERVICES P112.9B +22% P45.6B +9% P18.0B +57% RESIDENTIAL SHOPPING CENTER NET CONSTRUCTION P94.9B +23% P23.0B +9% P13.0B +98%
Slide 15: FY 2024 Performance Analyst Briefing
FY 2024 Performance Analyst Briefing 20 February 2025