Robinsons Land Corp. · PSE:RLC
Robinsons Land — Q1 FY2014 Earnings Presentation
12 slides from Robinsons Land's earnings presentation, Feb 12, 2014
Slide 1: Quarterly Investors Call
Quarterly Investors Call February 12, 2014
Slide 2: Financial Highlights – Q1 FY2014
FINANCIAL HIGHLIGHTS – Q1 FY2014 PhP MM REVENUES %Total YoY EBITDA %Total YoY EBIT %Total YoY RLC RLC RLC 4,386 100% 17% 2,324 100% 14% 1,698 100% 15% malls 1,954 45% 10% 1,401 60% 9% 922 54% 6% offices 362 8% 1% 357 15% 1% 260 15% 2% hotels 401 9% 1% 138 6% 5% 96 6% 14% residential 1,669 38% 38% 42
Slide 3: Strong Balance Sheet Position (as of December 2013)
STRONG BALANCE SHEET POSITION (as of December 2013) TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP MM) 76,808 70,647 74,886 50,426 46,573 49,395 FY12 FY13 Q1FY14 FY12 FY13 Q1FY14 RETURN ON EQUITY CURRENT NET DEBT TO EQUITY 25% 9% 9% 9% 24% 13% FY12 FY13 Q1FY14* FY12 FY13 Q1FY14 3 *Estimate
Slide 4: Malls division results
REVENUES +10% 1,772 1,954 Q1FY13 Q1FY14 EBITDA +9% Second largest mall operator in the Philippines with 35 malls 976,000 sqm gross leasable 1,283 1,401 space as of December 31, 2013 95.5% latest system-wide occupancy Q1FY13 Q1FY14 8% same mall revenue growth EBIT +6% 870 922 4 Q1FY13 Q1FY14
Slide 5: Offices division results
REVENUES +1% 359 362 One of the Philippine’s leading BPO office space provider with 193,000 sqm net leasable space Q1FY13 Q1FY14 Total occupancy for 8 completed EBITDA buildings is 99.4% +1% We continue to be a leading provider of office spaces to 353 357 BPOs in the Philippines, with 75% of our off
Slide 6: Hotels division results and occupancy
REVENUES EBITDA EBIT +1% 401 +5% 398 +14% 132 138 84 96 Occupancy Rate 52% 47% 81% 78% 85% 82% 69% 69% 48% 50% Q1FY13 Q1FY14 Q1FY13 Q1FY14 Q1FY13 Q1FY14 Q1FY13 Q1FY14 Q1FY13 Q1FY14 6
Slide 7: Residential sales take-up
SALES TAKE-UP 30% 51% 1,770 1,771 152 289 295 525 1,196 3% 16% 906 127 51 Q1FY13 Q1FY14 Net pre-sales Q1FY14 at PhP1.77B, sustaining sales from same period last year 1 new project for Q1 FY2014 7
Slide 8: Residential realized revenues
REALIZED REVENUES +38% 1,669 1,210 Q1FY13 Q1FY14 Realized Revenues amounted to PhP1.67B EBITDA amounted to PhP428M, +59% YoY EBIT amounted to PhP420M, +62% YoY 8
Slide 9: Capital Expenditure and Landbank
CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 16,000 14,274 Investment Capex 13,433 11,310 Development Capex 3,439 4,945 9,600 Land Acquisition 6,227 3,732 4,945 1,741 3,534 3,534 4,000 2,780 6,262 2,831 2,831 1,706 2,400 FY2010 FY2011 FY2012 FY2013 FY2014B LANDBANK as of 31 December 2013 SUM
Slide 10: Moving Forward – Future Plans & Strategies
MOVING FORWARD – Future Plans & Strategies +60% +18% +14% 308,000 +0% 273,000 1,232,000 1,077,000 910,000 913,000 193,000 Gross Net Leasable Leasable Area Area (sqm) (sqm) FY2012 FY2013 FY2014 FY2015 FY2013 FY2014 FY2015 3 New Malls 1 Mall 7 New Malls 3 New Malls 2 New Office Buildings 1 New Office
Slide 11: Major Developments – Recent Business Accolades
MAJOR DEVELOPMENTS – Recent Business Accolades Euromoney Best Managed Company in the Philippines 2014 Euromoney Best Managed Company in the Philippines 2013 11
Slide 12: End of Presentation Thank You
End of Presentation Thank You 12