Robinsons Land Corp. · PSE:RLC

Robinsons Land — 9M 2023 Earnings Presentation

37 slides from Robinsons Land's earnings presentation, Nov 10, 2023

  1. Slide 1: 9M CY2023 Analyst Briefing

    9M CY2023 Analyst Briefing 10 November 2023 Robinsons

  2. Slide 2: Outline

    OUTLINE: 1. 9M CY2023 FINANCIAL HIGHLIGHTS 2. 9M CY2023 OPERATIONAL HIGHLIGHTS 3. FUTURE PLANS AND STRATEGIES 4. ESG INITIATIVES

  3. Slide 3: Key Messages (for the period 9M2023)

    KEY MESSAGES: (for the period 9M2023) 1. FINANCIAL MILESTONES  RLC delivers ROBUST net income (attributable to parent) of Php8.84 Bn +31%YoY  Excluding China profit, net income (attributable to parent) propelled by 64%YoY  Record-breaking consolidated EBITDA and EBIT margins maintained at 55% & 4

  4. Slide 4: Business Portfolio

    53 Lifestyle Centers 90 Residential Buildings from 89 as of end 2Q CY2023 41 from 40 as of end 2Q CY2023 Housing Subdivisions Business Portfolio 31 Office Developments As of 9M CY2023 29 Mixed-Use Developments 26 Hotels & Resorts 9 work.able Centers 8 Industrial Facilities

  5. Slide 5: Financial Highlights

    9M CY2023 FINANCIAL HIGHLIGHTS 5

  6. Slide 6: Solid and Healthy Financial Position

    SOLID AND HEALTHY FINANCIAL POSITION TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 227.9 230.0 223.6 135.4 138.0 130.3 NET BOOK VALUE PER SHARE ₱24.37 ₱25.59 ₱27.34 CY2021 CY2022 9M CY2023 CY2021 CY2022 9M CY2023 NET DEBT TO EQUITY EARNINGS PER SHARE ₱1.91 ₱1.79 36% ₱1.55 33% ₱1.32 CY202

  7. Slide 7: Diversified Business Model Provides Resilient Cash Flow

    DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) 45.50 +17% 19.35 -16% 16.63 36.54 35.77 14.96 51% 30.21 Investment 14.22 45% Portfolio Investment 46% +29% YoY 70% 67% 79% Portfolio 70% 70% +30% YoY Development 55% 49% Portfolio Development 54% -53% YoY

  8. Slide 8: Per BU Financial Performance Highlights

    PER BU FINANCIAL PERFORMANCE HIGHLIGHTS REVENUE EBITDA EBIT % to % to % to (IN PHP MN) 9M CY2023 YoY 9M CY2023 YoY 9M CY2023 YoY RLC RLC RLC TOTAL RLC 30,209 100% -16% 16,663 100% +17% 12,651 100% +23% MALLS 11,776 39% +27% 7,003 42% +48% 4,437 35% +119% OFFICES 5,537 18% +5% 4,687 28% +1% 3,912 31%

  9. Slide 9: Operational Highlights

    9M CY2023 OPERATIONAL HIGHLIGHTS 9

  10. Slide 10: Robinsons Malls

    ROBINSONS MALLS  2nd largest mall operator in the Philippines REVENUES (Php Mn) RENTAL REVENUES (Php Mn) with 53 malls nationwide, 8 within Metro Manila and 45 in other urban areas +27% +32%  1.6 Mn sqm in Gross Leasable Area  3.1 Mn sqm in Gross Floor Area 9,251 11,776 6,308 8,301  92% total le

  11. Slide 11: Robinsons Offices

    ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn)  A leading IT-BPM office space provider with +5% 741,000 sqm gross leasable space +1%  1.2Mn sqm gross floor area 1,124  87% leased percentage across 31 office developments 5,278 865 5,537 4,625 4,687  9 work.able centers  Dominant office land

  12. Slide 12: 9M CY2023 New work.able Center

    9M CY2023 NEW WORK.ABLE CENTER Omega 3 Location: Ortigas Center, Pasig City Completion Date: March 2023 12

  13. Slide 13: Robinsons Hotels and Resorts

    ROBINSONS HOTELS AND RESORTS  Largest publicly listed hotel developer and operator in the country in terms of number of hotel properties  Multi-branded, continuously expanding hotel REVENUES (Php Mn) EBITDA (Php Mn) portfolio spanning 4 segments – essential service value hotels, mid-market boutiqu

  14. Slide 14: 9M CY2023 New Hotel

    9M CY2023 NEW HOTEL The Westin Manila Location: Mandaluyong City Opening Date: March 12, 2023 No. of Rooms Opened: 303 14

  15. Slide 15: Residential Division

    RESIDENTIAL DIVISION RLC NET SALES TAKE-UP (Php Mn) JV NET SALES TAKE-UP (Php Mn) 17,300 +64% 974 +81% 10,526 1,232 16,326 12,561 9,293 6,931 9M CY22 9M CY23 9M CY22 9M CY23 Joint Ventures REALIZED REVENUES (Php Mn) EBIT (Php Mn) 8,442 +34% 6,311 1,736 1,008 +26% w/o JV Equity 6,706 2,311 3,265 +41%

  16. Slide 16: 9M CY2023 New Residential Projects

    9M CY2023 NEW RESIDENTIAL PROJECTS Woodsville Crest – Olive Bldg. Location: Merville, Parañaque City Launch Date: End September 2023 No. of Units: 222 Launched Sales Value: Php 2.1 Bn 16

  17. Slide 17: 9M CY2023 New Residential Projects

    9M CY2023 NEW RESIDENTIAL PROJECTS Springdale Batangas Location: Brgy. San Isidro, Batangas City Launch Date: End Sept. 2023 No. of Units: 291 Launched Sales Value: Php 997 Mn 17

  18. Slide 18: 9M CY2023 New Residential Projects

    9M CY2023 NEW RESIDENTIAL PROJECTS Le Pont – Tower 1 Sierra Valley Garden 4 Location: Cainta Launch Date: February 2023 No. of Units: 436 Launched Sales Value: Php 2.8 Bn Sales Take-up: 81% Location: Quezon City Launch Date: January 2023 No. of Units: 506 Launched Sales Value: Php 10.6 Bn Sales Take

  19. Slide 19: 9M CY2023 New Residential Projects

    9M CY2023 NEW RESIDENTIAL PROJECTS Mantawi – Tower 1 Location: Mandaue City, Cebu Launch Date: April 2023 No. of Units: 469 Launched Sales Value: Php 7.9 Bn Sales Take-up: 43% 19

  20. Slide 20: Joint Venture Projects

    JOINT VENTURE PROJECTS Haraya Aurelia Velaris – South Tower Sonora Location: Bridgetowne, Pasig City Location: McKinley, BGC Location: Pasig City Location: Las Pinas City Launch Date: February 2023 Launch Date: Sep. 2019 Launch Date: Feb. 2020 Launch Date: Dec. 2019 No. of Units: 558 No. of Units: 2

  21. Slide 21: 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 199,000 sqm +17% 59 +29%  8 industrial facilities all across Luzon 406 477  Completed Calamba 2A which has 33,000 sqm. of 346 445 gr

  22. Slide 22: 9M CY2023 New Logistics Facility

    9M CY2023 NEW LOGISTICS FACILITY RLX Calamba 2A Location: Calamba, Laguna Completion Date: January 2023 GLA: 33,000 sqm 22

  23. Slide 23: Robinsons Integrated Developments

    ROBINSONS INTEGRATED DEVELOPMENTS  Bridgetowne completion of premier football field with FIFA-standard highest-grade turf REVENUES (Php Mn) EBITDA (Php Mn)  Sierra Valley opened new standalone F&B stores +58% +84% with drive-thru  Montclair on-going construction of the estate’s 714 397 spine road

  24. Slide 24: Chengdu Ban Bian Jie Project

    CHENGDU BAN BIAN JIE PROJECT REVENUES (Php Mn) EBITDA (Php Mn)  2nd tranche of US$25 Mn cash dividends have been paid last June 2023 12,682 1,706 -100% -100% 18 8 9M CY22 9M CY23 9M CY22 9M CY23 EBIT (Php Mn) 1,706 -100% 8 9M CY22 9M CY23 24

  25. 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 ₱ 23,376 ₱ 22,151 11,238 10,979 10,658 12,700 9,704 ₱ 15,569 5,086 5,858 7,751 3,251 3,694 6,168 9,467 9,074 8,753 9,024 5,953 Invest

  26. 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 253 85.5 1. Bridgetowne 19 67.7 2. Sierra Valley 8 6.5 3. Montclair 226 11.3 Metro Manila 21 62.4 Luzon 291 12.1 Visayas 129 10.8 Mindanao 147 6.2 TOTAL

  27. Slide 27: Future Plans and Strategies

    FUTURE PLANS AND STRATEGIES 27

  28. Slide 28: Future Plans

    FUTURE PLANS +4% +1% 1,696 +2% +11% GLA (thousand sqm) 1,631 NLA (thousand sqm) 1,611 825 1,578 +8% 741 741 688 CY2021 CY2022 CY2023 CY2024 CY2021 CY2022 CY2023 CY2024 •Tacloban Rehab Ph. 1 & 2 •Antipolo Expansion •NuStar Mall •Pagadian •Cyber Omega •Cybergate Galleria Cebu •GBF 1 •Dumaguete Exp. Ph

  29. Slide 29: Future Plans

    FUTURE PLANS +23% +47% 301 244 GLA (thousands sqm) +0% 167 167 CY2021 CY2022 CY2023 CY2024 •RLX Sucat 2 •RLX Calamba 2A •RLX Calamba 2C •RLX San Fernando •RLX Calamba 2B •RLX Montclair •RLX Mexico •RLX Sierra 2 +5% +9% +20% 4,476 4,243 3,877 Sales Take-Up No. of Hotel rooms 20,055 +57% 3,230 16,962

  30. Slide 30: ESG Initiatives

    9M CY2023 ESG INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com

  31. Slide 31: ESG Initiatives

    ESG INITIATIVES Responsible growth, reaching underserved markets, reshaping communities and creating value for stakeholders Environment Social Governance Relief Operations Solar Energy • Imus Fire 24 Malls with Solar Power • Tagum Fire Independent Directors • Cebu Fire Head Key Board Committees Gree

  32. Slide 32: Tree-Planting

    Tree-Planting Clean-Up Drives Adopt-an-Estero Plastic Exchange

  33. Slide 33: Relief Operations, Community Development

    RELIEF OPERATIONS COMMUNITY DEVELOPMENT * Jan : Brgy Poblacion Imus Fire Incident * Rsikap ~ Livelihood Assistance Program Feb : Purok Naga, Visayan Village Tagum City Fire Incident 7 eee Carts * Aug : Typhoon Egay - Pampanga & Bacolod * Sept : Brgy Tejero Fire Incident , rel a isi HEALTH & NUTRITIO

  34. Slide 34: ESG Awards

    ESG RMALLS: ‘SUTAINABILITY COMPANY OF THE YEAR ROBINSONS LAND REAL ESTATE ri iui) yall 0 tat , ik SOCIAL: + DOH HEALTHY PILIPINAS: *RGIFT OF HEALTH MEDICAL MISSION *DoWELL PROGRAM SOciaL: * 3G AWARDS — Best CSR Initiative for RLove 2023 soc ‘+ RLC - BEST EMPLOYER 2024 NITION IN ESG Eso PROPERTY GURU

  35. Slide 35: RLC Total Return to Shareholders

    RLC TOTAL RETURN TO SHAREHOLDERS In PHP Year Buy-Back Cash Dividend Total (PHP) NIAT Parent % of Return 2021 438,191,348 2,554,915,493 2,993,106,841 8,062,990,250 37% 2022 2,128,646,166 2,540,697,061 4,669,343,227 9,749,954,153 48% 2023 3,076,198,622 TOTAL 5,643,036,136 *As of September 2023, RLC ha

  36. Slide 36: Thank You

    THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com

  37. Slide 37: 9M CY2023 Analyst Briefing

    FUTURE PLANS 9M CY2023 Analyst Briefing

Robinsons Land — 9M 2023 Earnings Presentation on 6ix