Slide 1: Quarterly Investors' Briefing
QUARTERLY INVESTORS’ BRIEFING 15 May 2012 1
Slide 2: Financial Highlights – 1H FY2012
FINANCIAL HIGHLIGHTS – 1H FY2012 PhP MM REVENUES %Total 1HFY12 EBITDA %Total 1HFY12 EBIT %Total 1HFY12 RLC v RLC v RLC v 1HFY11 1HFY11 1HFY11 7,115 100% 14% 3,930 100% 7% 2,878 100% 9% malls offices 3,478 49% 15% 2,527 64% 9% 1,772 62% 13% 699 10% 9% 653 17% 9% 461 16% 4% hotels 680 9% 9% 205 5% 2%
Slide 3: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP Mm) RETURN ON EQUITY CURRENT NET DEBT TO EQUITY 34% 13% 10% 10% 15% 6% FY10 FY11 1HFY12 FY10 FY11 1HFY12 3
Slide 4: Malls: second largest mall operator in the Philippines with 30 malls
REVENUES +15% Second largest mall operator in the Philippines with 30 malls 3,478 3,027 Opened 30th mall in Calasiao, Pangasinan Opening Palawan in May 2012 and Magnolia in July 2012 843,000 sqm gross leasable EBITDA space as of March 31, 2012 +9% 95.0% latest occupancy 2,317 2,527 Steady same mall
Slide 5: Offices: leading BPO office space provider
REVENUES +9% One of the Philippine’s leading 643 699 BPO office space provider with 193,000 sqm net leasable space Total occupancy for 8 completed buildings is 99% 1HFY11 1HFY12 We continue to be a leading EBITDA +9% provider of office spaces to BPOs in the Philippines, with 600 653 78% of our offic
Slide 6: Hotels Division
HOTELS DIVISION REVENUES EBITDA EBIT +9% 625 680 +2% +10% 201 205 106 117 1HFY11 1HFY12 1HFY11 1HFY12 1HFY11 1HFY12 Occupancy Rate 73% 81% 73% 83% 84% 83% 58% 48% 41% 40% 1HFY111HFY12 1HFY111HFY12 1HFY111HFY12 1HFY111HFY12 1HFY111HFY12 6
Slide 7: Residential Division – Sales Take-up
RESIDENTIAL DIVISION SALES TAKE-UP 2,941 20% 334 2,379 51% 638 391 478 1,361 1,215 608 17% 295 12% 1HFY11 1HFY12 Net pre-sales 1HFY12 at PhP2.4B, 19% lower than same period last year Launched 3 projects in 1HFY12 • Residences - Woodsville Residences Phase 2 • Communities - Escalades East Tower • Hom
Slide 8: Residential Division – Realized Revenues
RESIDENTIAL DIVISION REALIZED REVENUES +15% 2,258 1,967 267 242 359 316 1,244 1,022 387 388 1HFY11 1HFY12 Realized Revenues increased by 15% to PhP2.3B EBIT amounted to PhP528M EBITDA amounted to PhP545M 8
Slide 9: Capital Expenditure and Landbank
CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 13,433 13,000 3,439 Investment Capex 6,820 Development Capex 3,732 Land Acquisition 7,026 6,227 1,741 4,101 3,870 2,780 6,262 2,270 1,706 2,310 655 FY2009 FY2010 FY2011 FY2012 LANDBANK as of 31 March 2012 SUMMARY Area (has.) ESTIMATED VALUE PhP B
Slide 10: Moving Forward – Future Plans & Strategies
MOVING FORWARD – Future Plans & Strategies +11% +41% +12% 273,000 1,011,000 813,000 813,000 911,000 194,000 193,000 Net Gross Leasable Leasable Area Area FY2010 FY2011 FY2012 FY2013 FY2011 FY2012 FY2013 2 New Office Buildings Top 3 Malls 3 New Malls 4 New Malls Cyberscape Alpha Re-developed 2 Mall E
Slide 11: End of Presentation – Thank You
END OF PRESENTATION Thank You 11