Robinsons Land Corp. · PSE:RLC

Robinsons Land — 1H CY2024 Earnings Presentation

27 slides from Robinsons Land's earnings presentation, Aug 9, 2024

  1. Slide 1: 1H CY2024 Analyst Briefing

    1H CY2024 Analyst Briefing 09 August 2024 Robinsons

  2. Slide 2: Agenda

    Agenda 1. 1H CY2024 FINANCIAL HIGHLIGHTS 2. SUCCESSFUL BLOCK PLACEMENT OF RCR SHARES 3. 1H CY2024 OPERATIONAL HIGHLIGHTS 4. 1H CY2024 ESG UPDATES 5. FUTURE PLANS AND STRATEGIES

  3. Slide 3: Key Messages (for the period 1HCY2024)

    KEY MESSAGES (for the period 1HCY2024) EARNINGS MILESTONES  RLC exhibited solid earnings growth with net income attributable to parent rising by 25% year-on-year to Php7.25 Bn; w/o GoTyme gain, NIAT is Php6.52 Bn still up by 9% year-on-year  Margins improved to 57% for EBITDA and 44% for EBIT, a 2

  4. Slide 4: Business Portfolio

    54 Lifestyle Centers Residential Developments 132 from 131 as of 1Q CY2024 32 Office Developments Business Portfolio 31 Mixed-Use Developments As of 1H CY2024 26 Hotels & Resorts 10 work.able Centers 10 Industrial Facilities

  5. Slide 5: Financial Highlights

    1HCY2024 FINANCIAL HIGHLIGHTS 5

  6. Slide 6: Solid and Healthy Financial Position

    SOLID AND HEALTHY FINANCIAL POSITION TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 248.5 236.0 153.9 223.6 142.0 135.4 NET BOOK VALUE PER SHARE ₱30.23 ₱25.59 ₱27.96 CY2022 CY2023 1H CY2024 CY2022 CY2023 1H CY2024 NET DEBT TO EQUITY EARNINGS PER SHARE ₱2.46 ₱1.91 33% 36% ₱1.50 CY2022 CY20

  7. Slide 7: Diversified Business Model Provides Resilient Cash Flow

    DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW REVENUES (in Php Bn) EBITDA (in Php Bn) 45.50 42.02 22.82 Investment 45% +9% Portfolio 19.35 51% Investment 19.63 21.33 +15% YoY +12% Portfolio Development 70% 10.87 12.21 +15% YoY 38% 74% 67% 55% Portfolio Development 49% -7% YoY 79% 62% 26% 6

  8. Slide 8: Per BU Financial Performance Highlights

    PER BU FINANCIAL PERFORMANCE HIGHLIGHTS REVENUE EBITDA EBIT % to % to % to (IN PHP MN) 1H CY2024 RLC YoY 1H CY2024 RLC YoY 1H CY2024 RLC YoY TOTAL RLC 21,331 100% +9% 12,216 100% +12% 9,442 100% +14% MALLS 8,708 41% +12% 5,344 44% +16% 3,684 39% +27% OFFICES 3,922 18% +6% 3,123 25% 0% 2,558 27% -3%

  9. Slide 9: Successful Block Placement of RCR Shares

    1HCY2024 SUCCESSFUL BLOCK PLACEMENT OF RCR SHARES 9

  10. Slide 10: Successful Block Placement of RCR Shares

    SUCCESSFUL BLOCK PLACEMENT OF RCR SHARES  Last April 5, 2024, the Company has completed the overnight block placement of its shares in RL Commercial REIT, Inc. Php8.49 Bn —the biggest and most successful from sponsor companies. RLC sold a total of 1,725,995,000 RCR shares at a transaction price of

  11. Slide 11: Operational Highlights

    1HCY2024 OPERATIONAL HIGHLIGHTS 11

  12. Slide 12: Robinsons Malls

    ROBINSONS MALLS  2nd largest mall operator in the Philippines REVENUES (Php Mn) RENTAL REVENUES (Php Mn) with 54 malls nationwide, 8 within Metro +12% Manila and 46 in other areas +14%  1.62 Mn sqm in Gross Leasable Area 8,708  93% total occupancy rate 7,765 5,462 6,225  More than 8,400 retailer

  13. Slide 13: Robinsons Offices

    ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn)  A leading IT-BPM office space provider with 793,000 sqm gross leasable space +6%  86% occupancy rate across 32 office developments +0.2%  10 work.able centers 3,717 3,922 3,116 3,123  Dominant office landlord in the Ortigas Central Business Di

  14. Slide 14: Robinsons Hotels and Resorts

    ROBINSONS HOTELS AND RESORTS  Multi-branded, continuously expanding hotel portfolio spanning 4 segments – essential service value hotels, mid-market boutique city and resort REVENUES (Php Mn) EBITDA (Php Mn) hotels, upscale deluxe hotels, and luxury hotels and +42% resorts  26 hotel properties wit

  15. Slide 15: Residential Division

    RESIDENTIAL DIVISION RLC NET SALES TAKE-UP (Php Mn) JV NET SALES TAKE-UP (Php Mn) 12,427 -16% 6,811 -51% 6,135 8,790 7,340 5,616 5,451 684 1H CY23 1H CY24 1H CY23 1H CY24 1Q 2Q Joint Ventures REALIZED REVENUES (Php Mn) EBIT (Php Mn) 5,391 -10% -0% 4,857 1,008 2,114 2,112 1,292 1,008 1,292 4,383 3,56

  16. Slide 16: CY2024 New Residential Project

    CY2024 NEW RESIDENTIAL PROJECT Mira – Tower 1 TOWER 1 Location: Cubao, Quezon City Launch dates: Apr. 2024 No. of Units: 539 Launched Sales Value: Php. 4.40 Bn Sales take-up: 78% 16

  17. Slide 17: Robinsons Logistics and Industrial Facilities

    ROBINSONS LOGISTICS AND INDUSTRIAL FACILITIES  One of the leading industrial facility providers in REVENUES (Php Mn) EBITDA (Php Mn) the country with a total GLA of 244,000 sqm +31% 59  10 industrial facilities all across Luzon +25% 385  Completed Sierra 2 which offers 17,000 sqm of 295 280 351 g

  18. Slide 18: Robinsons Destination Estates

    ROBINSONS DESTINATION ESTATES  Bridgetowne is the preferred venue this summer for outdoor activities and events (eg. Fun run and REVENUES (Php Mn) EBITDA (Php Mn) music festivals)  Sierra Valley opened new standalone F&B stores +28% +38% with drive-thru 571  Montclair on-going construction of the

  19. Slide 19: Capital Expenditures

    CAPITAL EXPENDITURES Capital Expenditure Program for Philippine Operations remains in line with overall corporate strategy HISTORICAL CAPEX ₱ 25,398 ₱ 25,862 ₱ 24,816 ₱ 22,151 ₱ 20,603 11,238 10,979 12,700 9,704 9,936 ₱ 12,145 5,086 5,858 3,694 3,657 6,168 8,116 3,228 9,074 8,753 9,024 Investment Ca

  20. Slide 20: Landbank

    LANDBANK RLC will continue to be on the lookout for strategic land bank across the country Area Value Location (Has.) (Php Bn) Destination Estates 246 60.0 1. Bridgetowne 12 42.0 2. Sierra Valley 8 6.8 3. Montclair 226 11.3 Metro Manila 20 62.6 Luzon 306 16.8 Visayas 112 12.7 Mindanao 147 6.3 TOTAL

  21. Slide 21: ESG Updates

    1HCY2024 ESG UPDATES 21

  22. Slide 22: ESG Updates (1H CY2024)

    ESG UPDATES (1H CY2024) Responsible growth, reaching underserved markets, reshaping communities and creating value for stakeholders Environment Social Governance Relief Operations Solar Energy • Typhoon Carina - July 24 Malls with Solar Power • Cebu Fire - Jan, Feb & June Independent Directors • Tag

  23. Slide 23: Future Plans and Strategies

    FUTURE PLANS AND STRATEGIES 23

  24. Slide 24: Future Plans: Malls and Offices GLA

    FUTURE PLANS +3% +3% 1,725 +7% +2% +1% 1,679 +11% 886 1,631 GLA (thousand sqm) 825 NLA (thousand sqm) 1,611 +8% 1,577 741 741 688 CY2021 CY2022 CY2023 CY2024 CY2025 CY2021 CY2022 CY2023 CY2024 CY2025 •Tacloban Rehab •Antipolo Expansion •NuStar Mall •Opus •Pagadian Mall •Cyber Omega •Cybergate Galler

  25. Slide 25: Future Plans: Logistics and Hotels

    FUTURE PLANS +19% +30% 349 GLA (thousands sqm) 294 +36% +0% 227 167 167 CY2021 CY2022 CY2023 CY2024 CY2025 •RLX Sucat 2 •RLX Calamba 2A •RLX Sierra 2 •RLX Montclair •RLX San Fernando •RLX Calamba 2B •RLX Calamba 2C •RLX Taytay 2 •RLX Mexico •RLX San Fernando 2 •RLX Calamba 2E +5% +9% +20% 4,466 4,24

  26. Slide 26: Thank You

    THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com

  27. Slide 27: 1HCY2024 Analyst Briefing

    FUTURE PLANS 1HCY2024 Analyst Briefing

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