Robinsons Land Corp. · PSE:RLC
Robinsons Land — Shareholder Meeting (April 2012)
16 slides from Robinsons Land's shareholder meeting presentation, Apr 18, 2012
Slide 1: Annual Shareholders' Meeting
Annual Shareholders’ Meeting 18 April 2012 1
Slide 2: Diversified Business Model
DIVERSIFIED BUSINESS MODEL Shopping Malls Office Buildings Hotels Residential FY2011 INVESTMENT PORTFOLIO DEVELOPMENT PORTFOLIO Revenue Contribution 66% 34% EBITDA Contribution 86% 14% EBIT Contribution 81% 19% 2
Slide 3: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS PhPMM FY2010 FY2011 Variance Amount % Revenues 11,297 13,344 2,047 +18% Posted revenues of PhP13.3B in FY2011 Cost and Expenses 7,027 8,490 1,463 +21% Double digit revenue growth due to strong operating performance Income before Tax 4,270 4,854 584 +14% of all divisions,
Slide 4: Stable Recurring Income and Revenue
STABLE RECURRING INCOME AND REVENUE (PhP MM) REVENUES EBITDA EBIT CAGR: +11% CAGR: +10% CAGR: +10% 7,144 13,344 6,411 1,012 5,949 777 387 5,031 11,182 10,734 11,297 5,321 4,280 4,499 4,560 1,384 354 4,819 1,302 977 8,889 3,226 1,140 3,416 3,763 1,392 313 752 4,375 1,301 198 5,462 1,207 1,364 153 1,1
Slide 5: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP Mm) 39,037 65,119 53,101 27,737 FY10 FY11 FY10 FY11 RETURN ON EQUITY CURRENT NET DEBT TO EQUITY 34% 13.0% 10.2% 15% FY10 FY11 FY10 FY11 5
Slide 6: Second largest mall operator in the Philippines with 29 malls
REVENUES CAGR: +15% Second largest mall operator in the Philippines with 29 malls 813,000 sqm gross leasable space 94.5% latest occupancy EBITDA CAGR: +16% Steady same mall revenue 4,140 4,443 growth of 8% 2,684 3,220 2,479 2007 2008 2009 2010 2011 EBIT CAGR: +19% 2,752 2,933 1,442 1,577 2,048 2007
Slide 7: Leading BPO office space provider with 194,000 sqm net leasable
REVENUES CAGR: +17% One of the Philippine’s leading 1,351 BPO office space provider with 1,112 1,182 194,000 sqm net leasable space 883 715 Total occupancy for 8 completed buildings is 99% 2007 2008 2009 2010 2011 We continue to be a leading EBITDA provider of office spaces to CAGR: +17% BPOs in the
Slide 8: Hotels Division
HOTELS DIVISION REVENUES YoY: +5% FY 2011 REVENUE CONTRIBUTION 1,150 1,207 1,037 8% 6% 2009 2010 2011 9% 51% EBITDA YoY: +9% 26% 354 387 313 Total of 1,089 rooms 2009 2010 2011 3 Hotel Segments EBIT YoY: +30% International 198 Summit 130 153 Go Hotels 2009 2010 2011 8
Slide 9: Hotels Division
HOTELS DIVISION Occupancy Rate Flagship Go Hotel: Go Hotels Cybergate Plaza Location: Pioneer, Mandaluyong City No. of Rooms: 223 9
Slide 10: Residential Division
RESIDENTIAL DIVISION SALES TAKE-UP REALIZED REVENUES YoY: +18% YoY: +41% 6,009 4,375 4,560 603 491 5,092 360 4,455 606 1,377 720 3,226 531 300 521 570 323 506 2,620 2,617 2,748 2,446 3,280 1,934 1,139 1,348 1,281 918 15 463 2009 2010 2011 2009 2010 2011 Net pre-sales FY2011 at PhP6.0B, Realized Reve
Slide 11: Residential Division
RESIDENTIAL DIVISION Robinsons Place Residences Gateway Garden Ridge Brighton Parkplace Robinsons Residenza Milano AmiSa Private Residences Fifth Avenue Place Woodsville Viverde Mansions Brighton Parkplace North Robinsons Vineyard Sonata Private Residences McKinley Park Residences Bloomfields Tagayt
Slide 12: Financial Highlights – Q1 FY2012
FINANCIAL HIGHLIGHTS – Q1 FY2012 PhP MM REVENUES %Total QoQ EBITDA %Total QoQ EBIT %Total QoQ RLC RLC RLC Recurring revenue 3,582 100% 13% 2,026 100% 9% 1,505 100% 10% base at 70% (up by 4 ppts vs FY2011) REVENUES %Total QoQ EBITDA %Total QoQ EBIT %Total QoQ PhP MM RLC RLC RLC EBITDA at PhP2.0B, a 9
Slide 13: 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 December 2011 SUMMARY Area (has.) ESTIMATED VALUE PhP
Slide 14: Major Developments
MAJOR DEVELOPMENTS Successful Rights Offering Oversubscribed Raised a total of PhP13.65B in gross proceeds Increased authorized capital stock from PhP3.0B common shares to PhP8.2 common shares in November 2010 Received business accolades Asia Money Best Managed Company in Philippine Retailers Associ
Slide 15: Moving Forward – Future Plans & Strategies
MOVING FORWARD – Future Plans & Strategies +11% +41% +12% 274,000 1,011,000 813,000 911,000 813,000 194,000 194,000 Net Gross Leasable Leasable Area FY2011 FY2012 FY2013 Area FY2010 FY2011 FY2012 FY2013 2 New Office Buildings Top 3 Malls 3 New Malls 4 New Malls Cyberscape Alpha Re-developed 2 Mall E
Slide 16: Strong cashflow generating capabilities
Strong cashflow generating capabilities Leading BPO office space provider Located in 40 cities and 19 provinces Ability to take advantage of tourism growth Sufficient landbank 16