Alliance Global Group Inc. · PSE:AGI
Alliance Global — 9M 2011 Earnings Presentation
36 slides from Alliance Global's earnings presentation, 2011
Slide 1: Alliance Global Group, Inc. 9M 2011 Results
Alliance Global Group, Inc. 9M 2011 Results 1
Slide 2: Financial highlights
Financial highlights Revenue Net income CAGR: 32.2% 52% increase Net income CAGR: 56.6% 63% increase Net to AGI CAGR: 56.0% 12,287 49,189 44 495 44,495 38,843 9,497 36,109 7,554 32,338 6,808 30,451 6,106 9,910 5,033 6,909 19,867 5,391 2,905 4,796 3 909 3,909 3,293 1,729 1,740 2,197 2,012 2,588 2,163
Slide 3: Solid balance sheet
Solid balance sheet Debt profile Capitalization ratio 14% 22% 24% 27% 41% 37% 51 664 51,664 47,264 43,135 40,154 31,145 86% 27 602 27,602 78% 76% 73% 24,067 63% 19,213 59% 13,055 13,768 8,400 7,168 2006 2007 2008 2009 2010 9M 2011 2006 2007 2008 2009 2010 9M Debt Cash Debt Equity 2011 Source: Compan
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% 12,287 49,189 44,495 9,497 15,478 38,843 36,109 12,898 6,808 30,451 9,910 10,469 6,106 9,555 5,033 6,909 8,087 19,867 5 295 5,295 3,909 4,796 2,90
Slide 5: Emperador Distillers, Inc.
EMPERADOR DISTILLERS, INC.
Slide 6: Robust financial performance
Robust financial performance Revenue Gross profit and margin 33.9% 33.5% 11,658 30 8% 30.8% 2 913 2,913 2,817 29.8% 26.2% 2,412 26.2% 25.0% 8,420 7,117 1,711 1,742 5,551 5,473 5,839 1,457 4,298 1,128 2006 2007 2008 2009 2010 9M 10 9M 11 2006 2007 2008 2009 2010 9M 10 9M 11 EBITDA and margin Net inco
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% 24.6% 23.8% 22.6% 21.5% 22.3% 11,023 , 19.4% 19.5% 2,618 , 9,542 2 347 2,347 7,407 8,378 7,994 8,637 Margins 1,803 1,924 6,570 1,595 1,631 1,272 2006 2007 2008 2009 2010 9M 10 9M 11 2006 2007 2008 2
Slide 9: 9M 2011 Results
9M 2011 Results
Slide 10: Revenue Breakdown
Revenue Breakdown 9M 2011 9M 2010 Real Estate R t l IIncome Rental Real Estate Rental Income 69% 12% 79% 12% Hotel Operations Hotel Operations 1% 1% Interest & Other Interest & Other 19% 7% (in Php thousands) 9M 2011 % Change 9M 2010 Real Estate Revenues 15,812,656 26% 12,513,860 R t l Income Rental
Slide 11: Revenues
Revenues (in thousands) 9M 2011 % Change 9M 2010 Real Estate Sales 13,029,698 22% 10,654,841 Interest Income on Real Estate Sales 925,914 20% 773,595 Realized GP 1,857,044 71% 1,085,424 Real Estate Revenues 15,812,656 , , 26% 12,513,860 , , Rental Income 2,722,053 38% 1,969,327 Hotel Operations 275,
Slide 12: Income Statement
Income Statement (in Php thousands) 9M 2011 9M 2010 % Change Real Estate Sales 13,029,698 10,654,841 22% Interest Income on Real Estate Sales 925 914 925,914 773 595 773,595 20% Total Real Estate Sales 13,955,612 11,428,436 22% Cost of Real Estate Sales 8 237 306 8,237,306 7 015 565 7,015,565 17% Gr
Slide 13: Margin Calculation
Margin Calculation (in Php thousands) 9M 2011 9M 2010 % Change Real Estate Sales 13,029,698 10,654,841 22% Interest Income on Real Estate Sales 1,004,689 , , 1,142,472 , , -12% Total Real Estate Sales 14,034,387 11,797,313 19% Cost of Real Estate Sales 8,237,306 7,015,565 17% Gross Profit on Real Es
Slide 14: Margin Calculation – ex ELI+SUN
Margin Calculation – ex ELI+SUN (in Php thousands) 9M 2011 9M 2010 % Change Real Estate Sales 11,653,707 10,654,841 9% Interest Income on Real Estate Sales 1,004,689 1,142,472 -12% Total Real Estate Sales 12,658,396 11,797,313 7% Cost of Real Estate Sales 7,363,449 7,015,565 5% Gross Profit on Real
Slide 15: Solid Balance Sheet
Solid Balance Sheet Net Cash C Position (in Php millions) 40 000 40,000 36,198 35,000 30,855 30,000 22,032 23 161 24,471 23,161 24 4 1 25,000 20,876 20,134 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 9M 2011 Debt Cash 15
Slide 16: Real Estate Sales MEGA Projects Driving Growth
Real Estate Sales (in PhP) 9M 2011 % of Sales 9M 2010 % of Sales EASTWOOD CITY 1,346,530,541 10% 1,495,089,675 14% FORBES TOWN CENTER 641,908,041 5% 619,291,345 6% MCKINLEY HILL 1,637,931,057 13% 1,371,001,693 13% MCKINLEY WEST 2,298,429,007 18% - 0% NEWPORT CITY 3,959,761,732 30% 3,846,097,139 36%
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% 20.4 19 1 19.1 19 8 19.8 20 7.3 10.3 10 5.5 6.5 0 2003 2004 2005 2006 2007 2008 2009 2010 9M 11 Reservation Sales ((RS)) 2003 2004 2005 2006 2007 2008 2009 2010 RS (Beg) 6
Slide 18: Strong growth rental income portfolio
Strong growth rental income portfolio Increasing rental income (PHPm) Office 4000 384,000 sqm of leasable office space at 3500 CAGR: +38% year‐end 2010 2722 3000 2694 98% occupancy rate 2500 2000 78,000 sqm additional office 2000 developments planned in 2011 1500 1301 932 – Techono Plaza 2 in
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 ALLIANCE GLOBAL Actual Net Income (in P'M) 1,250 1,000 750 500 250 i Q1'2010 Q2'2010 Q3'2010 Q4'2010 Q1'2011 Q2'2011 Q3'2011 P'M Q1'2010 Q2'2010 Q3'2010 Q4'2010 Q1'2011 Q2'2011 Q3'2011 Actual Net Income 510 681 1,251 779 991 1,348 1,901 Blended Hold % 5.2% 5.9% 5.3% 4.6% 4.
Slide 25: RWM Quarterly Performance Daily Visitors per Quarter
RWM Quarterly Performance Daily Visitors per Quarter 18,000 (+6%) (+19%) (+1%) 16,000 14,000 (+30%) 12,000 (+42%) 10,000 (+15%) 8,000 6,000 4 000 4,000 2,000 ‐ 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 Avg. Daily Visitors 5,966 6,880 9,775 12,747 15,135 15,250 16,141 25
Slide 26: RWM Quarterly Performance Quarterly EBITDA
RWM Quarterly Performance Quarterly EBITDA P'M 3 000 3,000 +26% 2,500 +27% 2,000 +38% 1,500 +30% ‐9% +28% 1,000 500 ‐ Q1 '2010 Q2 '2010 Q3 '2010 Q4 '2010 Q1 '2011 Q2 '2011 Q3 '2011 EBITDA 812 1,038 1,347 * 1,228 1,694 2,157 2,708 * Net of adjustments made for the bond issuance (P189mil) 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 P20B in two integrated TOURISM ESTATE projects: Boracay Newcoast Twin Lakes Area: Boracay Area: Tagaytay Investment: Php 15B Investment: Php 5B • Tourism Estates are master planned tourism-or
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 , 700,000 634,263 649,559 600,000 554,181 596,707 • No. 1 beach in Asia 500,000 • No. 2 beach in the World 400,000 300 000 300,000 TripAdvisor 200,000 Travelers’ Choice 2
Slide 31: Boracay needs to address long-term tourism demand
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 Estate #1: Boracay Newcoast
Integrated Tourism Estate #1 Boracay Newcoast The first & only master planned community 14% of Single biggest development (14% of Boracay) Boracay Offers 1,500 international-grade rooms Island Unprecedented mix of leisure experiences Includes the only golf course in the island
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 Estate #2: Twin Lakes
Integrated Tourism Estate #2 Twin Lakes MASSIVE SIZE 1,149 , hectares from ridgeg road down to Taal Lake IDEAL LOCATION key access roads views of Taal Lake and Volcano cool all year round weather TOURISM APPEAL chateau & vineyard surrounded by palm trees botanical gardens A COMMU
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 — 9M 2011 Earnings Presentation on 6ix