Vista Land & Lifescapes, Inc. · PSE:VLL
Vista Land & Lifescapes — H1 2021 Earnings Presentation
18 slides from Vista Land & Lifescapes's earnings presentation, Aug 12, 2021
Slide 1: 1H 2021 Analysts' Briefing
WISTA LAND 1H 2021 ANALYSTS’ BRIEFING August 12, 2021 L
Slide 2: 1H 2021 at a Glance
1H 2021 AT A GLANCE RS YoY growth of 14%; 2Q21 is up 30% vs 2Q20 Gross margin improved by 450 bps Leasing business back in the green, up 6% YoY Consolidated EBITDA Margin up 390 bps
Slide 3: Income Statement
INCOME STATEMENT IN PHP MILLIONS 1H 2021 1H 2020 % Change Total Revenues 16,874 18,314 -8% Real Estate 11,113 12,773 -13% Rental Income 3,640 3,433 6% Interest Income 966 1,005 -4% Gross Profit (Residential) 5,947 6,261 -5% Gross Margin 53.5% 49.0% Operating Expenses 4,641 4,820 -4% EBITDA (Consolid
Slide 4: Residential Segment Update
RESIDENTIAL SEGMENT UPDATE (In Php M) +14.3% 1H21 VS 1H20 +30.3% 2Q21 vs 2Q20 29,425 25,745 16,063 15,493 13,362 10,252 1H20 1H21 1Q20 2Q20 1Q21 2Q21
Slide 5: Real Estate Revenue Contribution
REAL ESTATE REVENUE CONTRIBUTION 1H 2021 1H 2020 CAMELLA 34.6% CAMELLA 34.5% VISTA RESIDENCES 9.8% VISTA RESIDENCES 16.8% CROWN ASIA 1.5% BRITTANY 0.2% CROWN ASIA 1.5% BRITTANY 2.0% COMMUNITIES 54.0% COMMUNITIES PHILIPPINES PHILIPPINES 44.9% : 80% and 89% of total for 1H21 and 1H20, respectively
Slide 6: Financial Condition
FINANCIAL CONDITION IN PHP MILLIONS 1H 2021 FY 2020 % Change Cash and Investments 59,634 49,596 20% Total receivables 72,045 64,628 11% Real Estate Inventories 42,026 44,371 -5% Investment Properties 108,547 105,873 3% Total Assets 301,084 284,057 6% Interest Bearing Loans 159,944 141,377 13% Total
Slide 7: Gearing Ratio
GEARING RATIO IN PHP MILLIONS 1H 2021 FY 2020 % Change Majority of the debt Total Interest Bearing Debt* 159,947 141,377 13% was used to fund for Cash and Investments 59,634 49,596 20% the investment properties of our Net Debt 100,314 91,781 9% leasing segment. Equity 109,528 105,680 4% The group’s
Slide 8: Debt Profile
DEBT PROFILE Funding Sources Debt Maturity Profile Bank Loans 33% 81% Retail Peso Bond 15% Long Term Corporate Note 35% Short Term 17% 19% USD Bonds • All term loans and debts have fixed interest rates. • Full principal hedged- dollar denominated debt • No bullet maturity for 2021; completed LM for
Slide 9: Commercial Space Summary
COMMERCIAL SPACE SUMMARY GROSS FLOOR AREA (GFA) in sqm MALLS & RETAIL STORES OFFICE TOTAL As of June 30, 2021 1,362,467 226,227 1,588,694 We have 107 commercial assets 69 composed of commercial centers 7 offices 31 malls
Slide 10: Commercial Space Layout
COMMERCIAL SPACE LAYOUT mall vs bpo 86:14 85:15 84:16 1,588,694 1,497,229 1,404,762 79:21 80:20 1,060,495 882,009 1,362,467 79:21 1,178,535 1,271,002 631,073 834,268 701,220 500,073 180,789 226,227 226,227 226,227 226,227 131,000 2015 2016 2017 2018 2019 2020 BPO Malls and Retail Stores Total
Slide 11: Project Launches
PROJECT LAUNCHES As of June 30, 2021, we have launched 6 projects with an estimated value of about ₱5.2B 1 high-end 3 low and affordable projects 2 mid rise buildings We are already present in 49 provinces; 147 cities & municipalities.
Slide 12: Landbank
LANDBANK TOTAL LAND AREA* (in HAs) % age Owned 2,621.4 89% Share in Joint Ventures 331.2 11% TOTAL 2,952.6 100% *includes 144.1 hectares of STR’s land bank LAND BANK LOCATION (in HAs) 43% *Mega Manila – Metro Manila and Provincial the neighbouring provinces of Cavite, Laguna, Rizal, Batangas and Bul
Slide 13: Capital Expenditure
CAPITAL EXPENDITURE In php B Spent ₱11.3B as of June 30 2021 27.0 (42% of 2021 CAPEX budget) 2.2 Land Acquisition/Advances to joint venture projects PER ACTIVITY 1H21A FY21E 6.5 Land Development CONSTRUCTION 7.7 18.3 Construction LAND DEVELOPMENT 2.6 6.5 LAND ACQUISITION 0.9 2.2 11.3 TOTAL (bn) 11.3
Slide 14: Online Initiatives
ONLINE INITIATIVES Online Sales Platform Online Payment Portal Virtual Property Tours Other initiatives to serve customers’ better Social Media Engagements
Slide 15: Online Initiatives
ONLINE INITIATIVES ViCon - the first and biggest virtual property Expo in the Philippines
Slide 16: VHealthy Program
VHEALTHY PROGRAM Villar Group vaccination program for its employees and their dependents that also includes information drive on the safety protocols and the importance of getting inoculated
Slide 17: Key Messages
KEY MESSAGES Optimistic on OF demand with OF remittance OF remittances on an uptrend; OF host countries Resilient leasing portfolio - majority essential advanced in vaccination rollout. tenants; with potential upside on vaccination rollout status of the country; potential office REIT Listing Liabili
Slide 18: Thank You
THANK YOU Vista Land Website For Corporate https://www.vistaland.com.ph/ Disclosures Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements”. Any such forward-looking statement is not
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