Ayala Land Inc. · PSE:ALI
Ayala Land — Q1 2025 Earnings Presentation
10 slides from Ayala Land's earnings presentation, May 6, 2025
Slide 1: 1Q 2025 Performance Analyst Briefing
1Q 2025 Performance Analyst Briefing 06 May 2025
Slide 2: 1Q 2025 Performance Highlights
1Q 2025 Performance Highlights TOTAL REVENUES NET INCOME CAPEX NET GEARING P43.6B +6% P6.9B +10% P20.6B 0.75:1 Segment Revenues PROPERTY DEVELOPMENT LEASING AND HOSPITALITY SERVICES P27.8B +11% P11.6B +7% P3.2B -24% RESIDENTIAL SHOPPING CENTER NET CONSTRUCTION P22.0B +3% P5.7B +4% P2.4B -9% OFFICE a
Slide 3: Revenues of P43.6B +6%; Net Income of P6.9B +10%
Revenues of P43.6 +6%; Net Income of P6.9B +10% INCOME STATEMENT 1Q 2025 1Q 2024 Change % (in Php millions) Total Revenues 43,556 41,006 2,549 6% GAE RATIO Real Estate 42,631 40,117 2,514 6% 6% Interest and Other Income 924 889 35 4% 6% in 1Q 2024 Equity in Net Earnings of Associates/JVs 534 414 121
Slide 4: Resilient property development revenues complemented by healthy leasing revenues
Resilient property development revenues complemented by healthy leasing revenues, notwithstanding mall and hospitality reinvention initiatives REVENUE BREAKDOWN 1Q 2025 1Q 2024 Change % (in Php millions) Property Development 27,839 25,034 2,805 11% Residential 22,012 21,402 610 3% Higher Premium Seg
Slide 5: Property Development: 1Q25 P36.2B +4%
Property Development: 1Q25 P36.2B + 4% Resilient property demand from RESERVATION SALES (in Php Billions) the Premium segment, supplemented by growing demand for Commercial and Industrial Lots 40.2 34.9 36.2 33.3 33.8 32.9 (In Php B) 1Q25 % YoY 30.2 29.3 30.8 Core By Segment Premium 25.7 +19% Reside
Slide 6: Residential Sales: 1Q25 P31.2B -6%
Residential Sales: 1Q25 P31.2B -6% Strong lots sales and steady RESERVATION SALES (in Php Billions) demand in the premium segment cushioned challenges in 33.3 35.0 30.6 32.1 31.2 the core-Metro Manila space. 27.7 27.6 28.0 26.6 Core Premium (In Php B) 1Q25 % YoY By Segment Premium 20.7 +4% 1Q 2023 2
Slide 7: Improving rental rates and stable occupancy lifted leasing and hospitality revenues
Improving rental rates and stable occupancy lifted leasing and hospitality revenues MALLS OFFICES HOSPITALITY HOTELS RESORTS 2.2M sqm GLA 1.4M sqm GLA 4,264* rooms Branded: 660 El Nido: 184 (+25K sqm) (+47K sqm) Seda: 3,268 Lio B&Bs: 50 34 Malls, 63 Amenity Retail 67 BPOs, 7 HQs Sicogon B&Bs: 102 OC
Slide 8: Capex spend of P20.6B
Capex spend of P20.6B CAPEX BREAKDOWN 1Q 2025 (in Php billions) Actual Residential Residential 9.4 46% Leasing and Hospitality 3.2 Malls 2.2 Offices 0.3 Estate Development Hotels and Resorts 0.6 30% Land Acquisition 1.9 Estate Development 6.1 Others - P20.6B Total 20.6 HISTORICAL CAPEX 109 Land 86 8
Slide 9: Well-managed debt portfolio with 90% contracted long-term
Well-managed debt portfolio with 90% contracted long-term, 75% fixed; average borrowing cost of 5.5%, maturity of 4.0 years Total Borrowings: Php289.7B: Short-term Php28.9B (10%), Long-term Php260.8B (90%), Average Maturity 4.0years Long-term Debt Maturity (in Php Billions) Short-term Debt Maturity
Slide 10: A solid balance sheet with a net gearing ratio of 0.75:1
A solid balance sheet with a net gearing ratio of 0.75:1 Balance Sheet March December (in Php Millions) 2025 2024 Cash & Cash Equivalents 22,356 22,231 Total Borrowings 289,689 282,156 Stockholders’ Equity 358,197 358,496 Current Ratio 1.56 1.75 Debt-to-Equity Ratio 0.81 0.79 Net Debt-to-Equity Rati