Robinsons Land Corp. · PSE:RLC
Robinsons Land — FY2022 Earnings Presentation
47 slides from Robinsons Land's earnings presentation, Mar 10, 2023
Slide 1: 4Q/CY2022 Analyst Briefing
4Q/CY2022 Analyst Briefing 10 March 2023 Robinsons
Slide 2: Outline
OUTLINE 1. 4Q/CY2022 FINANCIAL HIGHLIGHTS 2. 4Q/CY2022 OPERATIONAL HIGHLIGHTS 3. DIGITAL AND OTHER INITIATIVES 4. FUTURE PLANS AND STRATEGIES 5. 4Q/CY2022 ESG INITIATIVES
Slide 3: Key Message
KEY MESSAGE 1. CY2022 A RECORD YEAR AS NET PROFIT IS AT ITS HIGHEST IN HISTORY ▪ NIAT (attributable to parent) soared to Php9.75 Bn increased by 21%YoY; even w/o the benefit of CREATE LY & land sales TY ▪ 4Q CY2022 net income of Php3.01 Bn, 79% YoY ▪ EPS increased by 23% to Php1.91/sh; NET BOOK VALU
Slide 4: Business Portfolio
53 Lifestyle Centers from 52 as of end 9M CY2022 86 from 85 as of end 9M CY2022 Residential Buildings 40 from 39 as of end 9M CY2022 Housing Subdivisions Office Developments Business Portfolio 31 from 29 as of end 9M CY2022 As of 4Q/CY2022 28 Mixed-Use Developments 25 from 24 as of end 9M CY2022 Hot
Slide 5: Financial Highlights
4Q/CY2022 FINANCIAL HIGHLIGHTS 5
Slide 6: Solid and Healthy Financial Position
SOLID AND HEALTHY FINANCIAL POSITION TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 227.9 223.6 130.3 135.4 NET BOOK VALUE PER SHARE ₱25.59 ₱24.37 CY2021 CY2022 CY2021 CY2022 NET DEBT TO EQUITY EARNINGS PER SHARE ₱1.91 CY2021 CY2022 33% ₱1.55 23% CY2021 CY2022 CY2021 CY2022 Note: Unaudite
Slide 7: Diversified Business Model Provides Resilient Cash Flow
DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) +25% 45.51 +29% 36.54 19.35 33.87 17.25 51% Investment 14.96 28.03 45% Portfolio 13.68 Investment 72% +41% YoY 70% Portfolio 56% Development 82% 67% +34% YoY 49% 70% 55% Portfolio Development 28% 44% +11%
Slide 8: Per BU Financial Performance Highlights
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS Net Profit (attributable to parent) jumped to a RECORD Php 9.75 Bn REVENUE EBITDA EBIT % to % to % to (IN PHP MN) CY2022 YoY CY2022 YoY CY2022 YoY RLC RLC RLC TOTAL RLC 45,506 100% +25% 19,353 100% +29% 14,116 100% +45% MALLS 13,032 29% +58% 6,585 34% +70% 3,0
Slide 9: Per BU Financial 4Q CY2022 Performance Highlights
PER BU FINANCIAL 4Q CY2022 PERFORMANCE HIGHLIGHTS REVENUE EBITDA EBIT (IN PHP MN) 4Q CY2022 4Q CY2021 YoY 4Q CY2022 4Q CY2021 YoY 4Q CY2022 4Q CY2021 YoY TOTAL RLC 9,740 5,582 +75% 5,132 3,040 +69% 3,865 1,610 +140% MALLS 3,781 2,256 +68% 1,849 1,021 +81% 995 35 +2,710% OFFICES 1,788 1,763 +1% 1,580
Slide 10: Manageable Debt Maturity Profile
MANAGEABLE DEBT MATURITY PROFILE Total Debt: PhP51.4 Bn (gross of bond issuance costs) 17,703 4,940 13,792 13,475 6,000 4,475 6,440 12,763 9,000 7,792 6,440 2023 2024 2025 2026 2027 Maturing Bonds (In PhP Mn) Maturing Bank Loans (In PhP Mn) ❖ Bonds PhP29.5Bn, Bank Loans PhP21.9Bn ❖ Weighted Average
Slide 11: Operational Highlights
4Q/CY2022 OPERATIONAL HIGHLIGHTS 11
Slide 12: 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 +58% +74% ▪ 1.6 Mn sqm in Gross Leasable Area ▪ 3.1 Mn sqm in Gross Floor Area 13,032 8,969 8,253 5,168 ▪ 91% total le
Slide 13: New Mall: Robinsons Place Antipolo Expansion
NEW MALL Robinsons Place Antipolo Expansion Location: Antipolo City Launch Date: May 28, 2022 Gross Leasable Area: 20,810 sqm Occupancy Rate: 95% 13
Slide 14: New Mall: Robinsons Gapan
NEW MALL Robinsons Gapan Location: Gapan City Launch Date: November 30, 2022 Gross Leasable Area: 30,709 sqm Occupancy Rate: 86% 14
Slide 15: Robinsons Offices
ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn) ▪ A leading IT-BPM office space provider with 740,000 sqm gross leasable space +9% +10% ▪ 90% leased percentage across 31 office developments 1,124 ▪ 8 work.able centers 865 6,485 7,066 5,662 6,205 ▪ Dominant office landlord in the Ortigas Central
Slide 16: CY2022 New Office Buildings
CY2022 NEW OFFICE BUILDINGS Cybergate Galleria Cebu Cybergate Bacolod 2 Cybergate Iloilo 2 Location: Bacolod City Location: Pavia Completed Date: October 2022 Completed Date: December 2022 Gross Leasable Area: 13,000 sqm Gross Leasable Area: 20,000 sqm Occupancy Rate: -- Occupancy Rate: 37% Location
Slide 17: CY2022 New work.able Center
CY2022 NEW WORK.ABLE CENTER work.able center in Cyber Omega Location: Ortigas Center, Pasig City Completion Date: October 2022 17
Slide 18: CY2022 New work.able Center
CY2022 NEW WORK.ABLE CENTER work.able center in Giga Location: Bridgetowne, Quezon City Completion Date: September 2022 18
Slide 19: Robinsons Hotels and Resorts
ROBINSONS HOTELS AND RESORTS ▪ Largest 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 +13% value hotels, mid-market boutique city and
Slide 20: CY2022 New Hotels
CY2022 NEW HOTELS Go Hotels Plus Naga and Summit Hotel Naga Go Hotels Plus Tuguegarao Location: Naga City Location: Tuguegarao, Cagayan Valley Launch Date: Jan. 2022 Launch Date: Mar. 2022 No. of Rooms Opened (GH): 68 No. of Rooms Opened: 75 No. of Rooms Opened (Summit): 60 20
Slide 21: CY2022 New Hotels
CY2022 NEW HOTELS Fili Urban Resort Hotel Location: Nu Star Integrated Resorts, Cebu- SRP Opening Date: November, 2022 Total No# of Rooms : 379 room keys 21
Slide 22: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) +57% +58% +44% 16,962 1,538 10,811 1,739 15,424 8,986 9,101 5,678 9,072 6,339 CY21 CY22 CY21 CY22 CY21 CY22 Joint Ventures EBITDA (Php Mn) EBIT (Php Mn) +54% +60% 3,511 3,411 2,274 2,136 CY21 CY22 CY21 CY22 22
Slide 23: CY2022 New Residential Projects
CY2022 NEW RESIDENTIAL PROJECTS AmiSa Private Sierra Valley Gardens – Bldg. 3 Residences Tower D (SVG 3) Location: Lapu-Lapu City, Cebu Location: Cainta, Rizal Launch Date: Feb. 2022 Launch Date: Mar. 2022 No. of Units: 167 No. of Units: 440 Launched Sales Value: Php 1.7 Bn Launched Sales Value: Php
Slide 24: CY2022 New Residential Projects
CY2022 NEW RESIDENTIAL PROJECTS Woodsville Crest – Pine Bldg. Sync N Tower Location: Paranaque City Location: Pasig City Launch Date: Mar. 2022 Launch Date: Oct. 2022 No. of Units: 246 No. of Units: 452 Launched Sales Value: Php 1.7 Bn Launched Sales Value: Php 5 Bn Sales Take-up: 86% Sales Take-up:
Slide 25: Joint Venture Projects
JOINT VENTURE PROJECTS Aurelia Sonora Velaris Location: McKinley, Bonifacio Location: Las Pinas City Location: Pasig City Global City Launch Date: Dec. 2019 Launch Date: Feb. 2020 Launch Date: Sep. 2019 No. of Units: 867 No. of Units: 457 No. of Units: 285 Launched Sales Value: Php 5.3 Bn Launched S
Slide 26: New Housing Project
NEW HOUSING PROJECT Location: Baliwag, Bulacan Launch Date: Nov. 2022 No. of Units: 852 Launched Sales Value: Php 2.5 Bn 26
Slide 27: 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 167,000 sqm +57% +48% 59 ▪ 7 industrial facilities all across Luzon 555 479 354 ▪ Upcoming Calamba 2A has 32,919 sqm. of gross 324 lea
Slide 28: Robinsons Integrated Developments
ROBINSONS INTEGRATED DEVELOPMENTS ▪ Bridgetowne Obstacle Park is world’s biggest permanent obstacle facility with 6K sqm 25 obstacle facility REVENUES (Php Mn) EBITDA (Php Mn) ▪ Montclair completed interchange exit near Clark Freeport Zone ▪ Latest residential project (SVG 3) launched in 2,967 -78%
Slide 29: Chengdu Ban Bian Jie Project
CHENGDU BAN BIAN JIE PROJECT ▪ Residential condominiums and townhouses are 100% sold ▪ Total Project is 96% sold REVENUES (Php Mn) EBITDA (Php Mn) ▪ Phase 2 is 100% complete +17% ▪ US$224.5 Mn or 99.8% of capital invested has been repatriated +83% ▪ US$24 Mn cash dividends have been paid 12,777 10,9
Slide 30: Capital Expenditures
CAPITAL EXPENDITURES Capital Expenditure Program for Philippine Operations remains in line with overall corporate strategy ₱ 25,398 ₱ 25,862 ₱ 24,816 ₱ 23,376 ₱ 22,507 ₱ 22,151 11,238 10,979 10,658 12,700 9,704 13,245 5,086 5,858 3,251 3,694 6,168 3,528 Investment Capex 9,467 9,074 8,753 9,024 Devel
Slide 31: 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 236 87.4 1. Bridgetowne 19 67.7 2. Sierra Valley 12 9.4 3. Montclair 205 10.3 Metro Manila 21 62.4 Luzon 283 14.7 Visayas 131 14.9 Mindanao 145 6.2 TOTAL
Slide 32: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES 32
Slide 33: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES 1. Rmalls + App ▪ Launched: December 2021 ▪ Total Users/Downloads as of January 25, 2023: 235,716K 2. Robinsons Malls Tenants Portal ▪ Active User Participation in 2022: 82% Participating Malls Antipolo, Ilocos, Magnolia, Manila, Las Pinas 3. Mall Dash mobile
Slide 34: YouTube Ads / Facebook Lead Generation Forms
YouTube Ads Facebook Lead Generation Forms
Slide 35: Digital Solutions and Other Initiatives
DIGITAL SOLUTIONS AND OTHER INITIATIVES Launch of RHR Mobile App ▪ Can check brand portfolio, hotel locations and promotions ▪ Can make bookings and reservations 35
Slide 36: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES 36
Slide 37: Future Plans
FUTURE PLANS +3% +7% +8% 792 +2% 1,664 +12% +4% 740 1,611 688 GLA (thousand sqm) NLA (thousand sqm) 1,578 1,520 613 CY2020 CY2021 CY2022 CY2023 CY2020 CY2021 CY2022 CY2023 •Tacloban Rehab •Antipolo Expansion •Opus Ph. 1 & 2 •Delta Tower 2 •Cyber Omega •Cybergate Galleria Cebu •GBF 1 •Robinsons Gapan
Slide 38: Future Plans
FUTURE PLANS +47% 244 +78% +0% 167 167 GLA (thousands sqm) 93 CY2020 CY2021 CY2022 CY2023 •RLX Calamba 1B •RLX Sucat 2 •RLX Calamba 2A •RLX Sierra •RLX San Fernando •RLX Calamba 2B •RLX Mexico •RLX Sierra 2 +9% +20% 4,241 +31% +1% 3,877 Sales Take-Up +57% No. of Hotel rooms 20,055 3,188 3,230 16,962
Slide 39: ESG Initiatives
CY2022 ESG INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 40: ESG Initiatives
ESG INITIATIVES Responsible growth, reaching underserved markets, reshaping communities and creating value for stakeholders Environment Social Governance Relief Operations – 8,467 Beneficiaries Solar Energy • Typhoon Agaton – 2,190 GGAPP conducted a third 24 Malls with Solar Power • Typhoon Karding
Slide 41: Golden Arrow Award on Good Corporate Governance
Robinsons Land Corporation Received A Golden Arrow Award on Good Corporate Governance The recognition is based on the 2021 ASEAN Corporate Governance Scorecard (ACGS) assessment results 41
Slide 42: 1-Year Feeding Program
1-YR FEEDING PROGRAM. ‘CITY GATES ACADEMY
Slide 43: Clean-up Drives and Tree Planting Activities
RP PALAWAN'S CLEAN-UP DRIVE RP ORMOC'S CLEAN-UP DRIVE RP SANTIAGO'S TREE PLANTING ACTIVITY RHOMES CDO'S TREE-LANTING ACTIVITY “ i ee PU arab PLANTING ACTIVITY ID'S TREE-PLANTING ACTIVITY
Slide 44: Awards
AWARDS BCIA Asia 2022 Top 10 Developers Award Best Co-Working Space Country Awards for Best Operational Hospitality Portfolio at the work.able Exxa-Zeta Center PropertyGuru Philippines Property Awards 2022 Summit Ridge Tagaytay - Director’s Choice Award Recognition for active involvement in the Go H
Slide 45: Awards
AWARDS RKETING-INTERACTIVE. AARKETING EXCELLENCE ee 1@) 8 Shopee TROMART ZALORA ad | pais DOT PROPERTY SRUTHI TAS! / a Project / Brand ‘Award Giving Body RLC Robinsonsiomes BEST ENTIAL DEVELOPER ? Recognition [The Sapphire Bloc Serra Valley Gardens Woodsville Crest JAmisa Private Residences RLC Resi
Slide 46: Thank You
THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 47: 4Q CY2022 Analyst Briefing
FUTURE PLANS 4Q CY2022 Analyst Briefing