Slide 1: 1H 2024 Financial and Operating Results
1H 2024 Financial and Operating Results
Slide 2: 1H 2024 Highlights
1H 2024 Highlights TOTAL REVENUES1 EBITDA1 NET INCOME2 P4.2B +43% P3.0B +45% P2.9B +44% OCCUPANCY NET DEBT AUM (Assets under 96% P2.9B Management) Borrowing Cost of 6.0% 7.84% of Deposited Property Value P88.6B GLA NET GEARING DPS 936K sqm +39% 0.03:1 P1.12 Q2 P0.56 double since IPO of P0.28 1. High
Slide 3: 1H 2024 Financials (Fair Value Model)
1H 2024 Financials (Fair Value Model) Revenues of P4.2B (+43%) and Net Income of P2.9B* (+44%) • Higher Revenues and EBITDA Income Statement 1H 2024 1H 2023 Change % driven by the new assets (In Php millions) acquired in July 2023 (One Ayala Total Revenues 4,234 2,970 1,263 43% Avenue Offices, Glori
Slide 4: Quarterly P&L Highlights
Quarterly P&L Highlights Stable quarter-on-quarter performance * Revenue EBITDA NIAT 2,112 2,122 1,510 1,468 1,521 1,479 1Q 2024 Q1 2024 Q2 2Q 2024 2024 NIAT excludes the net fair value change in investment properties 4
Slide 5: Higher occupancy than industry; healthy WALE
Higher occupancy than industry; healthy WALE Asset Type GLA (in sqm) Occupancy WALE Years Occupancy Rate: 96% Offices 576,825 (62%) 94% Offices 3.7 • Office occupancy improved due to Hotel 43,714 (5%) 100% Overall 10.2 signed leases at The 30th BPO (98% occupied) Retail 217,340 (23%) 99% Industrial
Slide 6: Healthy balance sheet with a net gearing of 0.03:1
Healthy balance sheet with a net gearing of 0.03:1 • Total Borrowings and Deferred Balance Sheet June December Payments are 7.84% of the (in Php Millions) 2024 2023 Deposited Property Value, well within the 35% aggregate Cash & Receivables 3,930 4,264 leverage limit Total Assets 94,444 93,272 Total
Slide 7: 1H 2024 Highlights
1H 2024 Highlights TOTAL REVENUES1 EBITDA1 NET INCOME2 P4.2B +43% P3.0B +45% P2.9B +44% OCCUPANCY NET DEBT AUM (Assets under 96% P2.9B Management) Borrowing Cost of 6.0% 7.84% of Deposited Property Value P88.6B GLA NET GEARING DPS 936K sqm +39% 0.03:1 P1.12 Q2 P0.56 double since IPO of P0.28 1. High
Slide 8: Declaration of 2Q 2024 Cash Dividends
Declaration of 2Q 2024 Cash Dividends • P0.56 per share for 2,368,606,573 outstanding common shares • Cash dividends were paid on Aug 11, 2024, to stockholders of common shares as of the record date July 26, 2024. Pay Pay 8