Alliance Global Group Inc. · PSE:AGI
Alliance Global — H1 2010 Earnings Presentation
20 slides from Alliance Global's earnings presentation, 2010
Slide 1: Alliance Global Group, Inc. 1H 2010 Results
Alliance Global Group, Inc. 1H 2010 Results 1
Slide 2: Financial highlights
Financial highlights Revenue Net income CAGR: 27.8% 38,843 Net income CAGR: 44.1% 36,109 Net to AGI CAGR: 50.6% 6,808 30,451 6,106 5,033 4,825 19,867 21,260 3,909 4,796 14,573 2,905 3,293 3,687 , 1,579 1,729 933 1,740 2,197 2,012 646 1,176 1,138 2005 2006 2007 2008 2009 1H 2010 2005 2006 2007 2008 2
Slide 3: Solid balance sheet
Solid balance sheet Debt profile Capitalization ratio 13% 14% 22% 24% 33,733 27% 27% 31,145 27 602 27,602 24,067 19,968 19,213 87% 86% 78% 76% 13,055 13,768 73% 73% 8,400 7,168 4,363 4 363 3,269 2005 2006 2007 2008 2009 1H 2010 2005 2006 2007 2008 2009 1H 2010 D bt Debt C h Cash D bt Debt E it Equit
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 4,825 21,260 6,298 4,796 19 867 19,867 3 909 3,909 5,295 2,905 3,293 3,687 1,72
Slide 5: 1H 2010 Results
1H 2010 Results
Slide 6: Megaworld 1H 2010 Results
MEGAWORLD 1H 2010 Results
Slide 7: Revenue Breakdown
Revenue Breakdown 1H 2010 1H 2009 Real Estate Rental Income Real Estate Rental Income 78% 14% 82% 11% Hotel Operations p Hotel Operations 1% 1% Interest & Other Interest & Other 7% 6% (in Php thousands) 1H 2010 % Change 1H 2009 Real Estate Revenues 7,265,594 1% 7,161,380 Rental Income 1,278,357 36%
Slide 8: Revenues
Revenues Php (in thousands) 1H 2010 % Change 1H 2009 R l Estate Real E t t Sales S l 6 100 741 6,100,741 1% 6 065 548 6,065,548 Interest Income on Real Estate Sales 449,999 4% 433,102 Realized GP , 714,854 8% 662,730 , Real Estate Revenues 7,265,594 1% 7,161,380 Rental Income 1,278,357 36% 939,717 H
Slide 9: Income Statement
Income Statement (in Php thousands) 1H 2010 1H 2009 % Change Real Estate Sales 6,100,741 6,065,548 1% I t Interest t Income I on Real R l Estate E t t Sales S l 449 999 449,999 433 102 433,102 4% Total Real Estate Sales 6,550,740 6,498,650 1% C t off R Cost Reall E Estate t t SSales l 4 016 375 4,01
Slide 10: Margin Calculation
Margin Calculation (in Php thousands) 1H 2010 1H 2009 % Change Real Estate Sales 6,100,741 6,065,548 1% Interest Income on Real Estate Sales 649 005 649,005 666 415 666,415 -3% 3% Total Real Estate Sales 6,749,746 6,731,963 0% Cost of Real Estate Sales 4 016 375 4,016,375 4 029 837 4,029,837 0% Gros
Slide 11: Solid Balance Sheet
Solid Balance Sheet Net Cash C Position (in Php millions) 25,000 20,876 20,225 20,849 20,000 16,069 16,712 16,908 16,743 15,727 15,000 13,991 13,638 11,687 12,325 12,248 12,128 11,873 9,982 10,088 10,556 9,952 10,000 8 716 8,716 6,353 6,613 5,000 0 FY 2007 1Q 2008 1H 2008 9M 2008 FY 2008 1Q 2009 1H
Slide 12: Real Estate Sales: MEGA Projects Driving Growth
Real Estate Sales Project As of 1H 2010 As of 1H 2009 Php (except units) % Amount % Amount Eastwood City 16% 979 461 376 979,461,376 8% 487 525 964 487,525,964 Forbes Town Center 7% 421,039,849 17% 1,013,892,606 McKinley Hills 14% 923,592,476 26% 1,555,077,809 Newport p City y 35% 2,076,432,740 9% 5
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% YoY Growth : 21% 15 10 3 10.3 13.3B 13.2B 10 7.3 1H08 10.9B 1H10 5.5 6.5 1H09 5 0 2003 2004 2005 2006 2007 2008 2009 2010 Reservation Sales (RS) 2003 2004 2005 2006 2007 2008 2009 RS (Beg
Slide 14: Reservation Sales: Transforming Communities = Enhancing Value
Reservation Sales Project As of 1H 2010 As of 1H 2009 As of 1H 2008 (in Php except units) Units Amount Units Amount Units Amount Eastwood City 374 1,513,800,000 272 1,464,797,071 297 1,631,390,297 Forbes Town Center 246 1,707,300,000 187 1,013,037,383 351 2,642,350,088 McKinley Hills 443 2,207,800,0
Slide 15: Increasing Rental Income
Increasing Rental Income Megaworld rental revenue 3500 3,000 3000 n Php MM) 2500 2,000 1,000 2000 30 (in 1,301 1,278 587 1500 22 10 932 1000 707 23 345 2,000 467 540 20 304 1,383 500 204 934 190 801 483 605 350 0 2005 2006 2007 2008 2009 2010E 2010 Residential Retail Office 15
Slide 16: 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 17: Emperador Distillers, Inc.
EMPERADOR DISTILLERS, INC.
Slide 18: Robust financial performance
Robust financial performance Revenue Gross profit and margin 33.9% 7,117 30.8% 29.9% 26 2% 26.2% 2 412 2,412 26 2% 26.2% 5,551 5,473 21.9% 1,711 4,298 14.5% 1,457 3,596 1,128 1,075 2,805 2 560 2,560 561 408 2004 2005 2006 2007 2008 2009 1H 2010 2004 2005 2006 2007 2008 2009 1H 2010 EBITDA and margin
Slide 19: Golden Arches Development Corporation
— oh Philippines GOLDEN ARCHES DEVELOPMENT CORPORATION
Slide 20: Strong rebounding profit and margins
Strong rebounding profit and margins Growing revenues Gross profit and margin CAGR: 8.2% CAGR: 22.5% 24.6% 24.2% 21.5% 19.5% 17.6% 19.4% 13.3% % 2 347 2,347 9,542 Margins 8,378 1,631 7,407 1,595 6,429 6,124 6,570 1,272 1,265 5,238 1,076 852 2004 2005 2006 2007 2008 2009 1H 2010 2004 2005 2006 2007 2
Alliance Global Group — H1 2010 Earnings Presentation on 6ix