Slide 1: CY2020 Earnings Call Presentation
CY2020 Earnings Call Presentation 2 March 2021 Robinsons
Slide 2: Business Portfolio
BUSINESS PORTFOLIO 52 LIFESTYLE CENTERS (from 52 as of end CY2019) 77 RESIDENTIAL BUILDINGS (from 74 as of end CY2019) 25 OFFICE DEVELOPMENTS (from 23 as of end CY2019) 39 HOUSING SUBDIVISIONS (from 39 as of end CY2019) 19 MIXED-USE DEVELOPMENTS (from 19 as of end CY2019) 20 HOTELS & LEISURE (from 2
Slide 3: Diversified Business Model Provides Resilient Cash Flow
DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) Investment Investment Portfolio Portfolio 29.56 30.58 -38% YoY -33% YoY -17% 17.25 25.40 Development 16.35 -21% Development 22.52 Portfolio 13.68 12.48 Portfolio 62% 69% +30% YoY 51% +34% YoY 74% 82% 71%
Slide 4: Solid and Healthy Financial Position
SOLID AND HEALTHY FINANCIAL POSITION RLC has a sound financial position and capital base, and exhibits prudence in debt management TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 215.2 102.9 189.7 100.1 174.2 93.9 CY2018 CY2019 CY2020 CY2018 CY2019 CY2020 NET DEBT TO EQUITY 39% 37% 36% CY2
Slide 5: Per BU Financial Performance Highlights
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS All PH BU’s registered positive in EBITDA REVENUE EBITDA EBIT % to % to % to (IN PHP MN) CY2020 RLC YoY CY2020 RLC YoY CY2020 RLC YoY TOTAL RLC 25,404 100% -17% 13,683 100% -21% 8,494 100% -31% MALLS 5,956 23% -55% 4,110 30% -53% 398 5% -92% OFFICES 5,845 23%
Slide 6: Commercial Centers Division
COMMERCIAL CENTERS DIVISION 2nd largest mall operator in the Philippines with 52 malls nationwide, REVENUES (Php Mn) RENTAL REVENUES (Php Mn) 9 within Metro Manila and 43 in other urban areas 1.52 M sqm in Gross Leasable Area -55% -49% 2.93 M sqm in Gross Floor Area 13,249 10,60 5,956 9 5,440
Slide 7: Mall Metrics
MALL METRICS Operational Gross Leasable Area Number of Operational Tenants 100% 100% 88% 82% 77% 80% 72% 75% 80% 68% 60% 60% 40% 40% 20% 20% 0% 0% 2Q20 3Q20 4Q20 2Q20 3Q20 4Q20 *versus 100% operational GLA Footfall 60% 40% 40% 40% 20% 20% 0% 2Q20 3Q20 4Q20 RLC IR Team, (+632) 83970334 investor.relat
Slide 8: Office Buildings Division
OFFICE BUILDINGS DIVISION A leading IT-BPM office space provider REVENUES (Php Mn) EBITDA (Php Mn) with 613,000 sqm net leasable space Total leased percentage of 25 office +10% +11% developments is 91% 1,124 5,84 5 work.able centers 865 5,31 4,55 5,083 5 5 9 Dominant office landlord in the O
Slide 9: New Office Buildings
NEW OFFICE BUILDINGS Delta Tower 2 in Davao Luisita 3 in Tarlac (BTS) NLA: 6,000 sqm Completion Date: Aug. 31, 2020 NLA: 15,400 sqm Completion Date: Aug. 31, 2020 RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 10: Giga Tower - Bridgetowne; Cyber Sigma
Giga Tower - Bridgetowne Reception Area Workstations with open ceiling Boardroom Private Office Meeting Room No. of seats: 142 seats Handover Date: November, 2020 Cyber Sigma Reception Meeting Room Meeting Room Area Pantry Area Meeting Room Boardroom No. of seats: 62 seats Handover Date: November, 2
Slide 11: Hotels and Resorts Division
HOTELS AND RESORTS DIVISION Multi-branded, continuously expanding hotel portfolio spanning 4 segments – essential service value hotels, mid- REVENUES (Php Mn) EBITDA (Php Mn) market boutique city and resort hotels, upscale international deluxe hotels and -55% luxury hotels and resorts 2,433 -78% 7
Slide 12: Residential Division
RESIDENTIAL DIVISION NET SALES TAKE-UP (Php Mn) REALIZED REVENUES (Php Mn) 20,055 +33% 1,108 -64% 18,947 7,287 12,126 1,494 9,128 5,793 CY19 CY20 CY19 CY20 EBITDA (Php Mn) EBIT (Php Mn) +40% +41% 4,172 2,972 4,069 2,877 CY19 CY20 CY19 CY20 RLC IR Team, (+632) 83970334 investor.relations@robinsonslan
Slide 13: IID – Investment Portfolio
IID – INVESTMENT PORTFOLIO Industrial Facility – RLX Calamba REVENUES (Php Mn) EBITDA (Php Mn) +90% +299% 262 139 138 35 CY19 CY20 CY19 CY20 EBIT (Php Mn) Location: Calamba, Laguna +876% Size: 38,336 sqm. 9 86 9 CY19 CY20 RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 14: IID – Development Portfolio
IID – DEVELOPMENT PORTFOLIO Bridgetowne Estate REVENUES (Php Mn) EBITDA (Php Mn) -59% -49% 321 203 133 104 CY19 CY20 CY19 CY20 EBIT (Php Mn) -49% 203 104 Location: Pasig City and Quezon City Size: 30.62 Hectares CY19 CY20 RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 15: Chengdu Ban Bian Jie Project
CHENGDU BAN BIAN JIE PROJECT CHENGDU BAN BIAN JIE UPDATE • Residential condominiums and townhouses are 100% sold • Total Project is 92% sold RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 16: Chengdu Ban Bian Jie Project
CHENGDU BAN BIAN JIE PROJECT CD BBJ Sales as of Dec. 31, 2020 Particulars No. of Units Sold Units % Sold Total Sold (in RMB Mn) Condos 1,493 1,493 100.0% 2,423 Townhouses 168 168 100.0% 549 Shophouse 140 69 49.29% 90 Carparks 1,922 517 26.90% 53 Total 3,115 Unsold Inventory Particulars No. of Units
Slide 17: Capital and Landbank
CAPITAL AND LANDBANK CAPITAL EXPENDITURE (Philippines) in Php Mn Capital expenditure program in line with overall corporate strategy 25,398 22,507 23,376 22,150 20,000 10,769 16,202 16,984 10,658 13,245 11,623 Investment Capex 7,555 10,769 3,251 9,056 Development Capex 3,274 3,849 3,528 Land Acquisi
Slide 18: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 19: Future Plans: GLA and NLA
FUTURE PLANS +6% +1% -3% 1,627 1,573 1,520 1,605 GLA (thousand sqm) CY2019 CY2020 CY2021 CY2022 • RP Galleria South • Tacloban Rehab Ph. 1 & 2 • RP Gapan • RP Magnolia Exp. • Dumaguete Exp. Ph. 1 • Starmills Exp. Ph. 1 • RP La Union • Antipolo Expansion +7% +18% 774 +4% 721 592 613 NLA (thousand sqm
Slide 20: Future Plans: Hotels, Residential, Industrial
FUTURE PLANS +19% +10% 4,174 +2% 3,188 3,493 No. of Hotel rooms 3,129 -Dusit Thani Mactan Cebu -GoH Naga *5 GoH -Goh Tuguegarao Franchises -Summit Naga -Summit Greenhills CY2019 CY2020 CY2021 CY2022 • Summit Hotels • Dusit Thani • GOH Tuguegarao • Westin Sonata Greenhills (remaining rooms) • Summit
Slide 21: COVID-19 Updates
COVID–19 UPDATES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 22: Digital and Other Initiatives
DIGITAL AND OTHER INITIATIVES • Mall Dash • Just-Got-Home • myRLC Homeowners Portal • Partners’ Portal • Working-On-The-Go • Sellers Portal • Mall App – Version 2 • Medical City Partnership • Buyers Portal • Virtual Directory • Digital Solutions • Circle of Clean Program RLC IR Team, (+632) 83970334
Slide 23: COVID-19 Update: Segment Operations
COVID-19 UPDATE: SEGMENT OPERATIONS Increased and maximized online presence (i.e. Viber, Facebook, Instagram and in-house Malls platforms RShopper, RDelivery & Pick up Station) Allocated some space to e-commerce Locally Sourced – A chainwide local produce and gardening fair in partnership with
Slide 24: In Summary
IN SUMMARY 1. Profitability: • EBITDA of CY2020 is down by 21% to Php13.68 Bn, but has seen sustained recovery for the last two quarters • Consolidated full-year revenue declined by 17% YoY, although 4Q revenues is 18% higher than 3Q • All business units managed to be cash positive despite challengi
Slide 25: Thank You!
THANK YOU! RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 26: Q&A
Q&A RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 27: CY2020 Earnings Call Presentation
FUTURE PLANS CY2020 Earnings Call Presentation 27