Alliance Global Group Inc. · PSE:AGI
Alliance Global — H1 2011 Earnings Presentation
36 slides from Alliance Global's earnings presentation, 2011
Slide 1: Alliance Global Group, Inc. 1H 2011 Results
Alliance Global Group, Inc. 1H 2011 Results 1
Slide 2: Financial highlights
Financial highlights Revenue Net income CAGR: 32.2% Net income CAGR: 56.6% 58% increase Net to AGI CAGR: 56.0% 100% increase 44 495 44,495 38,843 7,555 36,109 9,648 33,593 6,808 30,451 6,106 21,260 5,033 6,909 4.825 19,867 8,062 2,905 3 909 3,909 4,796 , 3,293 3,687 1,729 1,740 2,197 2,012 2,588 1,5
Slide 3: Solid balance sheet
Solid balance sheet Debt profile Capitalization ratio 14% 22% 24% 27% 41% 39% 64,689 47,264 47,109 40,154 86% 31,145 78% 76% 73% 27,602 24,067 59% 61% 19,213 13,055 13,768 8,400 7,168 7 168 2006 2007 2008 2009 2010 1H 2011 2006 2007 2008 2009 2010 1H 2011 Debt Cash D bt Debt E it Equity Source: Comp
Slide 4: Compelling revenue and net income growth
Compelling revenue and net income growth Revenue EBITDA Net income Total net income AGI CAGR: 48.4% CAGR: 30.8% CAGR: 34.6% Net income to AGI CAGR: 58.7% 12,898 11,887 10,469 9,648 9,497 44,495 9,555 38,843 36,109 8,087 6,808 33,593 30,451 6,106 8,062 5,295 5,033 6,909 19,867 3,909 4,796 2,905 3,293
Slide 5: Emperador Distillers, Inc.
EMPERADOR DISTILLERS, INC.
Slide 6: Robust financial performance
Robust financial performance Revenue Gross profit and margin 8,420 33.9% 33.5% 7 117 7,117 7 449 7,449 30 8% 30.8% 29 9% 29.9% 2,817 26.2% 26.2% 25.4% 2,412 5,551 5,473 1,890 4,298 1,711 1,457 3,596 1,128 1,075 2006 2007 2008 2009 2010 1H 10 1H 11 2006 2007 2008 2009 2010 1H 10 1H 11 EBITDA and marg
Slide 7: Golden Arches Development Corporation
— oh Philippines GOLDEN ARCHES DEVELOPMENT CORPORATION
Slide 8: Strong rebounding profit and margins
Strong rebounding profit and margins Growing revenues Gross profit and margin CAGR: 11.4% CAGR: 25.2% 11 023 11,023 24 6% 24.6% 23 8% 23.8% 24 2% 24.2% 22.4% 19.4% 21.5% 19.5% 2,618 9,542 2,347 8,378 Margins 7,407 6,570 1,595 1,631 5,238 5,694 1,272 1,265 1,277 2006 2007 2008 2009 2010 1H 10 1H 11 2
Slide 9: 1H 2011 Results
1H 2011 Results
Slide 10: Revenue Breakdown
Revenue Breakdown 1H 2011 1H 2010 Real Estate R t l IIncome Rental Real Estate Rental Income 67% 11% 78% 14% Hotel Operations Hotel Operations 1% 1% Interest & Other Interest & Other 21% 7% (in Php thousands) 1H 2011 % Change 1H 2010 Real Estate Revenues 10,574,792 46% 7,265,594 Rental Income 1 629
Slide 11: Revenues
Revenues (in thousands) 1H 2011 % Change 1H 2010 Real Estate Sales 8,479,613 39% 6,100,741 Interest Income on Real Estate Sales 573,007 27% 449,999 Realized GP 1,522,172 113% 714,854 Real Estate Revenues 10,574,792 , , 46% 7,265,594 , , Rental Income 1,629,691 27% 1,278,357 Hotel Operations 176,471
Slide 12: Income Statement
Income Statement (in Php thousands) 1H 2011 1H 2010 % Change Real Estate Sales 8,479,613 6,100,741 39% Interest Income on Real Estate Sales 573 007 573,007 449 999 449,999 27% Total Real Estate Sales 9,052,620 6,550,740 38% Cost of Real Estate Sales 5 302 534 4,016,375 5,302,534 4 016 375 32% Gross
Slide 13: Margin Calculation
Margin Calculation (in Php thousands) 1H 2011 1H 2010 % Change Real Estate Sales 8,479,613 6,100,741 39% Interest Income on Real Estate Sales 629 272 629,272 649 005 649,005 -3% 3% Total Real Estate Sales 9,108,885 6,749,746 35% Cost of Real Estate Sales 5 302 534 5,302,534 4 016 375 4,016,375 32% G
Slide 14: Margin Calculation – ex ELI+SUN
Margin Calculation – ex ELI+SUN (in Php thousands) 1H 2011 1H 2010 % Change Real Estate Sales 7,606,243 6,100,741 25% Interest Income on Real Estate Sales 629 272 629,272 649 005 649,005 -3% Total Real Estate Sales 8,235,515 6,749,746 22% Cost of Real Estate S C Sales 4,741,362 , , 4,016,375 , , 18%
Slide 15: Solid Balance Sheet
Solid Balance Sheet Net Cash Position (in Php millions) 40 000 40,000 36,198 35,000 30,000 22,032 23 161 23,161 24,471 25,000 20,876 20,000 16,908 15,856 15,451 15 000 15,000 12 325 12,325 9,952 10,000 5,000 0 FY 2008 FY 2009 FY 2010 1Q 2011 1H 2011 Debt Cash 15
Slide 16: Real Estate Sales: MEGA Projects Driving Growth
Real Estate Sales (in PhP) 1H 2011 % of Sales 1H 2010 % of Sales EASTWOOD CITY 659,145,906 8% 979,461,376 16% FORBES TOWN CENTER 432,665,897 5% 421,039,849 7% MCKINLEY HILL 1 240 915 045 1,240,915,045 15% 923 592 476 923,592,476 15% MCKINLEY WEST 2,092,936,221 25% - 0% NEWPORT CITY 2,380,945,014 28%
Slide 17: Reservation Sales Estimates
Reservation Sales Estimates Php (in Billions) 50 YoY Growth : 95% ’05 05-’08 08 CAGR: 49% 39 6 39.6 40 30 24.2 ’03-’05 CAGR: 15% 19 1 19.1 19 8 19.8 20 10.3 11.9 7.3 10 5.5 6.5 0 2003 2004 2005 2006 2007 2008 2009 2010 1H 11 Reservation Sales (RS) 2004 2005 2006 2007 2008 2009 2010 1H 11 RS (Beg) 9.
Slide 18: Strong growth rental income portfolio
Strong growth rental income portfolio Increasing rental income (PHPm) Office 3000 2694 384,000 sqm of leasable office space at 2500 CAGR: +38% year‐end 2010 2000 98% occupancy rate 2000 1630 78,000 sqm additional office 1500 1301 developments planned in 2011 932 1000 707 – Techono Plaza 2 in E
Slide 19: Rental Properties
Rental Properties Office in 2010 : 383,763 sqm 98% Leased Retail in 2010 : 69,000 , sqm q 95% Leased Total in 2010 : 452,763 sqm 97% Leased Office 2011 : 77 77,739 739 sqm Retail 2011 : 108,000 sqm Total by 2011 : 638,502 sqm Target Rental Income 2011 – Php 4 billion 2012 – Php 5 billion 19
Slide 20: BPO Office Developments 2011 McKinley Hill
BPO Office Developments 2011 McKinley Hill Science Hub 1 & 2 Techno Hub 1, 1 2&3 41,870 sqm 22,448 sqm Yearly Rental Income Php 460M 20
Slide 21: BPO Office Developments 2011 Eastwood City
BPO Office Developments 2011 Eastwood City Techono Plaza 2 22,812 sqm mixed-use development of which 8,128 8 128 sqm for office Yearly Rental Income Php 180M 21
Slide 22: Retail Developments 2011 Cityplace in Binondo
Retail Developments 2011 Cityplace in Binondo 108,000 sqm of retail space 22
Slide 23: Travellers International
AN FT TRAVELLERS ——TNTERNATIONAL 23
Slide 24: RWM Quarterly Performance
RWM Quarterly Performance Actual Net Income (in P'M) 1,500 1,250 1,000 750 500 250 ‐ Q1'2010 Q2'2010 Q3'2010 Q4'2010 Q1'2011 Q2'2011 PHP'mil Q1'2010 Q2'2010 Q3'2010 Q4'2010 Q1'2011 Q2'2011 Actual Net Income 510 681 1,251 779 991 1,348 Blended Hold % 5.2% 5.9% 5.3% 4.6% 4.5% 5.6% 24
Slide 25: Daily Visitors per Quarter
RWM Quarterly Performance Daily Visitors per Quarter (+1%) (+19%) 16,000 (+30%) 14 000 14,000 12,000 (+42%) 10,000 (+15%) 8 000 8,000 6,000 4,000 2,000 ‐ 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 A Daily Avg D il Visitors Vi it 5,966 6,880 9,775 12,747 15,135 15,250 25
Slide 26: Quarterly EBITDA
RWM Quarterly Performance Quarterly EBITDA P'M 2,500 +27% 2,000 +38% 38% +48% 1,500 ‐20% +28% 1,000 500 ‐ 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 EBITDA 812 1 038 1,038 1 536 1,536 1 228 1,228 1 694 1,694 2 157 2,157 26
Slide 27: An overview of Integrated Tourism Estate Projects
. An overview of Integrated Tourism Estate Projects 27
Slide 28: Valuable and rare landbank in key tourism markets
Valuable and rare landbank in key tourism markets Fil-Estate has successfully secured land bank in key tourism locations Maragondon Landbank breakdown Cavite (62.6 ha.) (532 ha.) 1742 hectares) Marinduque 1069 Batangas (80 ha.) (921 ha ha.)) (in h Joint venture Owned Camarines Sur Source: Company in
Slide 29: GERI will redefine the Philippine tourism industry
GERI will redefine the Philippine tourism industry • GERI, together with other AGI subsidiaries, will invest P15B in Boracay Newcoast, the first and only integrated TOURISM ESTATE in Boracay Boracay Newcoast Area: Boracay Investment: p 15B Php • Tourism Estates are master planned tourism-oriented co
Slide 30: Boracay needs to address long-term tourism demand
Boracay needs to address long-term tourism demand Boracay Tourist Arrivals, 2006-2010 (DOT) 900,000 779,666 Boracay voted 800,000 , 700,000 634,263 649,559 • No. 1 beach in Asia 596,707 • No. 2 beach in the World 600,000 554,181 500,000 TripAdvisor 400,000 Travelers’ Choice 2011 300 000 300,000 200,
Slide 31: Boracay needs to address long-term tourism demand: international arrivals
Boracay needs to address long-term tourism demand International Visitor Arrivals in Boracay, 2006-2010 (DOT) Monthly YOY Foreign* Foreign High Low ave growth 2010 278,531 28,841 20,483 23,211 44.4% 2009 192,873 23,161 11,871 16,073 -2.3% 2008 197,376 , 22,743 , 11,773 , 16,448 , -5.5% 2007 208,870 2
Slide 32: Integrated tourism development #1: Boracay Newcoast
Integrated tourism development # 1 Boracay Newcoast The first & only master planned, tourism-oriented community spanning 14% of the island 14% of Boracay Single biggest development of its kind in Boracay Island Offers 1,500 international-grade rooms managed by world-class hotel operators – 4 i
Slide 33: Discover the Exciting New Face of Boracay
D ISCOVETD the Exciting New Face of Boracay One island. Endless possibilities. Ls) BORACAY NEWCOAST One of the World’s Most Admired Tourist Attractions
Slide 34: Integrated tourism development #2: Twin Lakes
Integrated tourism development # 2 Twin Lakes Located in area of Metro Tagaytay, Twin Lakes is envisioned to be the ppremier destination for medical and educational tourism The rugged terrain, steep slopes and cool mountain breeze along a man-made lake in the upper ridges will feature a chateau
Slide 35: Integrated tourism development #3: Harbour Town
Integrated tourism development # 3 Harbour Town Located in Nasugbu, Batangas Two peninsulas peninsulas, each with a commanding view of the sea As a harbor situated in a prime location, development will adopt a strong tourism-oriented focus Integrated township development with a mix of reside
Slide 36: Integrated Tourism Projects in Prime Tourist Regions
Integrated Tourism Projects in Prime Tourist Regions Newcoast Harbour Town Twin Lakes 36
Alliance Global Group — H1 2011 Earnings Presentation on 6ix