Alliance Global Group Inc. · PSE:AGI
Alliance Global — Q1 2010 Earnings Presentation
23 slides from Alliance Global's earnings presentation, 2010
Slide 1: Alliance Global Group, Inc. 1Q 2010 Results
Alliance Global Group, Inc. 1Q 2010 Results 1
Slide 2: Financial highlights
Financial highlights Revenue Net income CAGR: 27.8% Net income CAGR: 44.1% 38,843 36,109 Net to AGI CAGR: 50.6% 6 808 6,808 30,451 6,106 5,033 19,867 3,909 4,796 14,573 2,905 3,293 10,500 1,579 2 218 2,218 1,729 933 2,197 1,655 1,740 2,012 646 1,176 563 2005 2006 2007 2008 2009 1Q 2010 2005 2006 200
Slide 3: Solid balance sheet
Solid balance sheet Debt profile Capitalization ratio 13% 14% 22% 24% 26% 27% 32,120 31,145 27,602 24,067 19,213 18,322 87% 86% 78% 76% 74% 13,055 13,768 73% 8,400 7,168 4,363 4 363 3,269 2005 2006 2007 2008 2009 1Q 2010 2005 2006 2007 2008 2009 1Q 2010 Debt Cash D bt Debt E it Equity Source: Compan
Slide 4: Compelling revenue and net income growth
Compelling revenue and net income growth Revenue EBITDA Net income Total net income AGI CAGR: 32.8% CAGR: 25.0% CAGR: 26.1% Net income to AGI CAGR: 40.5% 38,843 36 109 36,109 , 10,613 6,808 9,555 6,106 30,451 8,087 5,033 4,796 19 867 19,867 3 909 3,909 5,295 2,905 3,293 3,298 2,218 10,500 1,729 1 65
Slide 5: 1Q 2010 Results
1Q 2010 Results
Slide 6: Megaworld 1Q 2010 Results
MEGAWORLD 1Q 2010 Results
Slide 7: Revenue Breakdown
Revenue Breakdown 1Q 2010 1Q 2009 Real Estate Rental Income Real Estate 80% Rental Income 80% 13% 11% Hotel Operations p 1% H t lO Hotel Operations ti 1% Interest & Other Interest & Other 6% 8% (in Php thousands) 1Q 2010 % Change 1Q 2009 Real Estate Revenues 3,697,903 5% 3,517,043 Rental Income 596,
Slide 8: Revenues
Revenues Php (in thousands) 1Q 2010 % Change 1Q 2009 Real Estate Sales 3,107,141 3% 3,007,101 Interest Income on Real Estate Sales 193,503 2% 189,643 Realized GP 397,259 24% 320,299 Real Estate Revenues 3,697,903 , , 5% 3,517,043 , , Rental Income 596,344 27% 468,862 Hotel Operations 55,266 3% 53,73
Slide 9: Income Statement
Income Statement (in Php thousands) 1Q 2010 1Q 2009 % Change Real Estate Sales 3,107,141 3,007,101 3% Interest Income on Real Estate Sales 193,503 189,643 2% Total Real Estate Sales 3,300,644 3,196,744 3% Cost of Real Estate Sales 1 977 361 1,978,075 1,977,361 1 978 075 0% Gross Profit on Real Estat
Slide 10: Margin Calculation
Margin Calculation (in Php thousands) 1Q 2010 1Q 2009 % Change Real Estate Sales 3,107,141 3,007,101 3% Interest Income on Real Estate Sales 294,588 249,241 18% Total Real Estate Sales 3,401,729 3,256,342 4% Cost of Real Estate Sales 1,977,361 1,978,075 0% Gross Profit G P fi on Real R l Estate E Sa
Slide 11: Solid Balance Sheet
Solid Balance Sheet Net Cash C Position (in Php millions) 25,000 20,876 20,225 20,000 15,727 16,06916,908 16,743 15 000 15,000 13 991 13,991 13,638 11,687 12,325 12,248 12,128 10,088 11,873 9,982 10,556 9,952 10,000 8,716 6,353 , 6,613 5,000 0 FY 2007 1Q 2008 1H 2008 9M 2008 FY 2008 1Q 2009 1H 2009
Slide 12: Real Estate Sales: MEGA Projects Driving Growth
Real Estate Sales Project As of 1Q 2010 As of 1Q 2009 Php (except units) % Amount % Amount Eastwood City 20% 629,248,370 10% 286,081,886 Forbes Town Center 9% 269,919,572 19% 581,304,675 McKinley Hills 12% 371,762,195 12% 359,624,421 Newport City 32% 1,004,485,447 11% 322,797,085 Manhattan Garden Ci
Slide 13: Reservation Sales Estimates
Reservation Sales Estimates Php (in Billions) 25 24.2 24 ’05-’08 CAGR: 49% 19.1 19.8 20 Target ’03-’05 CAGR: 15% 15 10 3 10.3 10 7.3 YoY Growth : 28% 5.5 6.5 7.0B 7.3B 5 5.7B 1Q08 1Q10 1Q09 0 2003 2004 2005 2006 2007 2008 2009 2010 Reservation Sales (RS) 2003 2004 2005 2006 2007 2008 2009 RS (Beg) 6
Slide 14: Reservation Sales: Transforming Communities = Enhancing Value
Reservation Sales Project As of 1Q 2010 As of 1Q 2009 As of 1Q 2008 Php (except units) Units Amount Units Amount Units Amount Eastwood Cityy 222 919,600,000 167 829,375,923 183 1,056,876,912 Forbes Town Center 116 760,630,000 90 491,429,892 160 773,373,549 McKinley Hills 249 1,276,940,000 249 1,382,
Slide 15: Breakdown of Reservation Sales
Breakdown of Reservation Sales (in Php except units) Project As of 1Q 2010 As of 1Q 2009 Eastwood City Units Amount Units Amount Eastwood Parkview 1 & 2 5 42,210,000 10 52,402,950 Eastwood Park Hotel and Residential Suites 3 21,740,000 4 38,153,900 Grand Eastwood Palazzo 1 & 2 3 15,840,000 6 34,248,
Slide 16: Breakdown of Reservation Sales
Breakdown of Reservation Sales (in Php except units) Project As of 1Q 2010 As of 1Q 2009 McKinley Hills Units Amount Units Amount McKinley Hill Village - Lots 11 136,790,000 11 145,689,797 M Ki l Hill G McKinley Garden d Vill Villas - Phase Ph 1&2 11 108 010 000 108,010,000 24 269 794 120 269,794,12
Slide 17: Breakdown of Reservation Sales
Breakdown of Reservation Sales (in Php except units) Project As of 1Q 2010 As of 1Q 2009 Manhattan Garden City Units Amount Units Amount Manhattan Parkway Tower 1 - 3 17 63,660,000 34 97,967,380 M h tt Parkview Manhattan P k i T Tower 1-3 33 167 780 000 167,780,000 109 498 335 031 498,335,031 Manhat
Slide 18: Increasing Rental Income
Increasing Rental Income Megaworld rental revenue 3,500 3,000 n Php mMM) 3,000 2,000 2,500 1000 1,301 30 2,000 932 (in 587 1,500 707 22 540 345 596 1,000 23 2000 20 304 1383 204 4 500 190 934 195 483 605 397 350 0 2005 2006 2007 2008 2009 2010E 1Q 2010 Residential Retail Office 18
Slide 19: Rental Portfolio Summary
Rental Portfolio Summary 2009 2010E Revenues 2010 Office Developments (in sqm) Eastwood City 161 226 161,226 195,560 195 560 McKinley Hill 134,236 177,540 Others 10,663 10,663 Sub-Total Office 306,125 383,763 Php 2 billion Retail Developments (in sqm) Eastwood City 43,946 McKinley Hill 5,054 Forbest
Slide 20: Emperador Distillers, Inc.
EMPERADOR DISTILLERS, INC.
Slide 21: Robust financial performance
Robust financial performance Revenue Gross profit and margin 33.9% 7,117 30.8% 26 2% 26.2% 2 412 2,412 26 2% 26.2% 30.0% 5,551 5,473 21.9% 1,711 4,298 14.5% 1,457 1,128 2 805 2,805 2 560 2,560 561 542 1,806 408 2004 2005 2006 2007 2008 2009 1Q 2010 2004 2005 2006 2007 2008 2009 1Q 2010 EBITDA and ma
Slide 22: Golden Arches Development Corporation
— oh Philippines GOLDEN ARCHES DEVELOPMENT CORPORATION
Slide 23: Strong rebounding profit and margins
Strong rebounding profit and margins Growing revenues Gross profit and margin CAGR: 8.2% CAGR: 22.5% 24.6% 24.5% 21.5% 19.5% 17 6% 19.4% 17.6% 9,542 13.3% 2,347 8,378 Margins 7,407 1,595 1,631 6,429 6,124 6,570 1,272 1,076 852 2 469 2,469 606 2004 2005 2006 2007 2008 2009 1Q 2010 2004 2005 2006 2007
Alliance Global Group — Q1 2010 Earnings Presentation on 6ix