Robinsons Land Corp. · PSE:RLC
Robinsons Land — Shareholder Meeting (April 2010)
17 slides from Robinsons Land's shareholder meeting presentation, Apr 15, 2010
Slide 1: Cover letter to Philippine Stock Exchange
43rd FLOOR ROBINSONS EQUITABLE TOWER ADB AVE. COR. POVEDA RD. ORTIGAS CENTER, PASIG CITY TEL. NO.: 633-7631 to 40, 240-8801 FAX NO.: 633-9207, 240-9106 April 15, 2010 PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Ms
Slide 2: Annual Shareholders' Meeting
ANNUAL SHAREHOLDERS’ MEETING April 15, 2010
Slide 3: Major Developments in FY2009
MAJOR DEVELOPMENTS IN FY2009 Raised a total of P10 Bn in two successful bond offerings. Two fixed rate 5 year bonds at 8.5% and 8.25% Successful Bond Offerings Both issues were several times oversubscribed. The issues received AAA rating from Philratings. RLC Board approval for a buy back progr
Slide 4: Income Statement
INCOME STATEMENT For the period ended (in PhP B) FY 08 FY 09 09 vs 08 Revenues 11.18 10.73 (4%) Cost and Expenses 7.42 6.45 (13%) Income before Income Tax 3.76 4.28 14% Provision for Income Tax 0.61 1.01 66% Net Income 3.15 3.27 4% EBITDA 5.32 5.95 12% EBITDA Margin Net Income Margin 59% 32% 55% 55%
Slide 5: Balance Sheet
BALANCE SHEET Total Assets (PhP M) Shareholder’s Equity (PhP M) 51,479 53,280 26,367 25,566 40,311 22,987 2008 2009 1Q FY10 2008 2009 1Q FY10 Return on Equity Net Debt to Equity 14% 13% 13% 24% 24% 21% 2008 2009 1Q FY10 2008 2009 1Q FY10 * 4 *estimated
Slide 6: Financial Highlights FY
FINANCIAL HIGHLIGHTS FY 09 P millions REVENUES %TOTAL RLC YOY NIBT YOY 10,734 100% (4%) 4,280 14% MALLS malls 4,210 39% 14% 2,048 30% office 1,112 10% 26% 738 20% 1,036 10% (9%) 130 (32%) hotel residential 4,375 41% (20%) 1,364 (1%) 5
Slide 7: Malls: Gross Leasable Area
9One of Philippine’s largest mall operator with 29 malls Gross Leasable Area (in sqm) 9809,000 sqm gross leasable 65,500 44,000 space 993% latest occupancy; Same 700,000 765,500 mall growth 8% 9Opened 3 malls in FY10: 9Dumaguete 9Ilocos Norte 9Cebu Cybergate 2009 2010 old space new space 9To open 3
Slide 8: Office Properties
9One of Philippine’s leading BPO office space provider with 190,000 sqm net leasable space 9Robinsons Cybergate Plaza for turnover in May 2010. 70% pre-leased. Occupancy Office Properties NLA (in sqm) 12/31/09 1 Galleria Corp. Center Quezon City 3,000 100% 2 Robinsons Equitable Pasig City 15,000 90%
Slide 9: Hotels
DELUXE rooms:285 rooms:263 occupancy:79% occupancy:76% SUMMIT rooms:108 rooms:210 occupancy:32% occupancy:50% Gohotels.ph rooms:250 (to be opened in June 2010) 9One of Philippine’s largest hotel operator- 5 hotel properties, 866 guestrooms. 9To open Gohotels.ph, first value hotel chain in the countr
Slide 10: Residential Brands
ROBINSONS LUXURIA ROBINSONS RESIDENCES ROBINSONS COMMUNITIES ROBINSONS HOMES 945 residential buildings, 33 residential projects, 33,973 units: completed and in various stages of completion 9Approximately P 9.3 Billion in unrealized sales and reservations 9To launch at least 6 projects this year
Slide 11: Robinsons Luxuria
Location: Makati City # of units: 312 % sold*: 23% ROBINSONS LUXURIA 9Type of Development 9High and Upper Middle 9All Formats 9Location Location: Ortigas Center 9Prime locations within # of units: CBDs and key tourism spots Bldg 1-270 9Price Range Bldg 2-258 9Above P5 M per unit % sold*: 91,234 unit
Slide 12: Robinsons Residences
Location: Quezon City # of units: 419 % sold*: 38% ROBINSONS RESIDENCES 9Type of Development 9Middle and Upper Middle 9All Formats 9Location 9CBDs Location: Pasig City 9Price Range # of units: 9P2.5M – P7 M per unit Bldg 1-20 96,095 units under development Bldg 2-40 % sold*: Bldg 1 -85% Bldg 2- 30%
Slide 13: Robinsons Communities
Location: Paranaque City # of bldgs launched**: 7 # of units total: 574 ROBINSONS COMMUNITIES % sold*: 75% 9Type of Development 9Lower Middle to Middle 9Low to Mid-Rise Condominium 9Location 9Emerging Districts in M.M Location: Tagaytay 9CBD peripheries City # of bldgs: 3 9Price Range # of units tot
Slide 14: Robinsons Homes
Location: Pampanga # of units total: 675 % sold*: 54% ROBINSONS HOMES 9Type of Development 9Mid to Low House and Lots 9Lots only 9Location 9Urbanized provinces 9Outskirts of Metro Manila 9Price Range 9P750T– P2.0 M per unit Location: Davao City # of units total: 414 922,591 units under development %
Slide 15: Financial Highlights 1Q FY10
FINANCIAL HIGHLIGHTS 1Q FY10 P millions REVENUES %TOTAL RLC YOY NIBT YOY 2,709 100% 14% 1,144 28% MALLS malls 1,416 52% 41% 736 63% office 265 10% 5% 209 3% 289 11% 3% 34 10% hotel residential 739 27% (12%) 165 (22%) 14
Slide 16: Income Statement 1Q FY10
INCOME STATEMENT 1Q 1Q For the period ended (in PhP B) FY09 FY10 10 VS 09 Revenues 2.38 2.71 14% Cost and Expenses 1.48 1.57 6% Income before Income Tax 0.90 1.14 28% Provision for Income Tax 0.22 0.27 27% Net Income 0.68 0.87 28% EBITDA 1.30 1.59 22% EBITDA Margin Net Income Margin 59% 32% 55% 55%
Slide 17: Annual Shareholders' Meeting
ANNUAL SHAREHOLDERS’ MEETING April 15, 2010