Slide 1: 1Q CY2024 Analyst Briefing
1Q CY2024 Analyst Briefing 03 May 2024 Robinsons
Slide 2: Agenda
Agenda 1. 1Q CY2024 FINANCIAL HIGHLIGHTS 2. 1Q CY2024 OPERATIONAL HIGHLIGHTS 3. 1Q CY2024 ESG INITIATIVES 4. FUTURE PLANS AND STRATEGIES 5. DECLARATION OF CASH DIVIDENDS
Slide 3: Key Messages for 1Q CY2024
KEY MESSAGES: (for the period 1Q CY2024) EARNINGS MILESTONES • RLC exhibited solid growth performance across all business units in 1Q 2024 with net income attributable to parent of Php4.07 Bn: without the de-equitization of GoTyme, earnings still soared by 21%. • The 1Q consolidated EBITDA hits an a
Slide 4: Business Portfolio
54 Lifestyle Centers 131 Residential Developments 32 Office Developments from 31 as of end CY2023 Business Portfolio 29 Mixed-Use Developments As of 1Q CY2024 26 Hotels & Resorts 10 work.able Centers 10 Industrial Facilities from 9 as of end CY2023
Slide 5: Financial Highlights
1QCY2024 FINANCIAL HIGHLIGHTS 5
Slide 6: Solid and Healthy Financial Position
SOLID AND HEALTHY FINANCIAL POSITION TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 241.5 236.0 223.6 142.0 145.4 135.4 NET BOOK VALUE PER SHARE ₱27.96 ₱28.83 ₱25.59 CY2022 CY2023 1Q CY2024 CY2022 CY2023 1Q CY2024 NET DEBT TO EQUITY EARNINGS PER SHARE ₱2.46 ₱1.91 33% 36% 34% CY2022 CY2023
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 45% Investment 19.35 Portfolio Investment 51% +19% +17% YoY Portfolio 67% 70% Development +22% +16% YoY 9.28 11.03 55% Portfolio 5.03 6.15 73% 72% +25% YoY Development 49% 27% 28% 83% 79
Slide 8: Per BU Financial Performance Highlights
PER BU FINANCIAL PERFORMANCE HIGHLIGHTS REVENUE EBITDA EBIT % to % to % to (IN PHP MN) 1Q CY2024 YoY 1Q CY2024 YoY 1Q CY2024 YoY RLC RLC RLC TOTAL RLC 11,026 100% +19% 6,149 100% +22% 4,775 100% +28% MALLS 4,452 41% +14% 2,729 44% +19% 1,907 40% +33% OFFICES 1,903 17% +3% 1,509 25% -4% 1,223 26% -8%
Slide 9: Operational Highlights
1QCY2024 OPERATIONAL HIGHLIGHTS 9
Slide 10: 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 Manila and 46 in other areas +14% +15% 1.62 Mn sqm in Gross Leasable Area 93% total leased percentage 3,908 4,452 2,785 3,191 Around 8,400 lessees
Slide 11: Robinsons Offices
ROBINSONS OFFICES REVENUES (Php Mn) EBITDA (Php Mn) A leading IT-BPM office space provider with 793,000 sqm gross leasable space +3% 84% leased percentage across 32 office developments 1,124 -4% 10 work.able centers 865 1,846 1,903 1,580 1,509 Dominant office landlord in the Ortigas Central
Slide 12: CY2024 New Office Building
CY2024 NEW OFFICE BUILDING GBF Center 1 Location: Bridgetowne, Pasig City Completion Date: 1Q 2024 GLA: 52,000 sqm 12
Slide 13: 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 hotels, upscale deluxe hotels and luxury hotels and REVENUES (Php Mn) EBITDA (Php Mn) resorts +54% 26 hotel properties with
Slide 14: Residential Division
RESIDENTIAL DIVISION RLC NET SALES TAKE-UP (Php Mn) JV NET SALES TAKE-UP (Php Mn) -24% 5,616 4,986 3,809 -88% 684 - 1Q CY23 1Q CY24 1Q CY23 1Q CY24 Joint Ventures REALIZED REVENUES (Php Mn) EBIT (Php Mn) +20% 2,844 +13% 2,377 w/o JV Equity 1,146 792 +45% +32% w/o JV Equity 1Q CY23 1Q CY24 1Q CY23 1Q
Slide 15: 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 +40% +34% 10 industrial facilities all across Luzon 192 174 Completed Sierra 2 which has 17,000 sqm. of 137 130 gross
Slide 16: CY2024 New Logistics Facility
CY2024 NEW LOGISTICS FACILITY RLX Sierra 2 Location: Taytay, Rizal Completion Date: 1Q 2024 GLA: 17,000 sqm 16
Slide 17: Robinsons Destination Estates
ROBINSONS DESTINATION ESTATES Bridgetowne ongoing construction of the podium at Victor to pave the way for additional retail shops REVENUES (Php Mn) EBITDA (Php Mn) Sierra Valley opened new standalone F&B stores +112% +223% with drive-thru Montclair on-going construction of the estate’s 149 25
Slide 18: 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 5,086 5,858 3,694 6,168 8,116 9,074 8,753 9,024 ₱ 3,752 Investment Capex 5,948 1,7
Slide 19: 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 253 85.5 1. Bridgetowne 19 67.7 2. Sierra Valley 8 6.5 3. Montclair 226 11.3 Metro Manila 21 63.3 Luzon 300 12.8 Visayas 129 10.8 Mindanao 147 6.2 TOTAL
Slide 20: ESG Initiatives
1QCY2024 ESG INITIATIVES RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 21: ESG Initiatives
ESG INITIATIVES Responsible growth, reaching underserved markets, reshaping communities and creating value for stakeholders Environment Social Governance Relief Operations Solar Energy • Butuan Flood 24 Malls with Solar Power • Ormoc Fire Independent Directors • Cebu Fire Head Key Board Committees G
Slide 22: ESG Initiatives: RLove CSR Projects - 2024
| ESG INITIATIVES RLove CSR Projects - 2024 Luso &€ Qeeuse”d 4 YR LIVELIHOOD HEALTH TRAINING PROGRAM CARAVAN RLOVE BAGS . ACTIVITIES: '/ SCHOOL yar "Tl : Ww. a 1.) HEALTH & SUPPLIES Pe We s NUTRITION TALK 2.) RLUSOG PACK “VITAMINS *NUTRIBREAD *ETC DONATION OF RAW southstar MATERIALS & TOOLS NURSERY
Slide 23: Future Plans and Strategies
FUTURE PLANS AND STRATEGIES 23
Slide 24: Future Plans: Malls and Offices GLA
FUTURE PLANS +4% +1% +7% 1,698 1,721 886 +1% +11% +2% GLA (thousand sqm) 825 NLA (thousand sqm) 1,611 1,631 +8% 1,578 741 741 688 CY2021 CY2022 CY2023 CY2024 CY2025 CY2021 CY2022 CY2023 CY2024 CY2025 •Tacloban Rehab •Antipolo Expansion •NuStar Mall •Pagadian •Dumaguete •Cyber Omega •Cybergate Galler
Slide 25: Future Plans: Logistics GLA and Hotel Rooms
FUTURE PLANS +7% +30% 315 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 Mexico •RLX San Fernando 2 +5% +9% +20% 4,466 4,243 3,877 No. of Hotel rooms 3,23
Slide 26: Cash Dividend Declaration
CASH DIVIDEND DECLARATION The Company has adopted a dividend policy to maintain an Annual Cash Dividend Payout Ratio of at least twenty percent (20%) of the recurring net income for the preceding fiscal year. 26% 0.65 31% 30% 26% 32% CY2023 Payout 0.52 0.50 0.50 0.50 Dividend per share ₱0.65 24% 25%
Slide 27: Thank You
THANK YOU RLC IR Team, (+632) 83970334 investor.relations@robinsonsland.com
Slide 28: 1Q CY2024 Analyst Briefing
FUTURE PLANS 1Q CY2024 Analyst Briefing