annual shareholders meeting
play

Annual Shareholders Meeting 18 April 2012 1 DIVERSIFIED BUSINESS - PowerPoint PPT Presentation

Annual Shareholders Meeting 18 April 2012 1 DIVERSIFIED BUSINESS MODEL Shopping Malls Office Buildings Residential Hotels INVESTMENT PORTFOLIO DEVELOPMENT PORTFOLIO FY2011 Revenue Contribution 66% 34% EBITDA Contribution 86% 14%


  1. Annual Shareholders’ Meeting 18 April 2012 1

  2. DIVERSIFIED BUSINESS MODEL Shopping Malls Office Buildings Residential Hotels INVESTMENT PORTFOLIO DEVELOPMENT PORTFOLIO FY2011 Revenue Contribution 66% 34% EBITDA Contribution 86% 14% EBIT Contribution 81% 19% 2

  3. INCOME STATEMENT HIGHLIGHTS PhPMM FY2010 FY2011 Variance Amount % Revenues 11,297 13,344 2,047 +18% Posted revenues of PhP13.3B in � FY2011 1,463 +21% Cost and Expenses 7,027 8,490 Double digit revenue growth due � to strong operating performance Income before Tax 4,270 4,854 584 +14% of all divisions, led by Malls division Provision for Income Tax 674 882 208 +31% Net Income at PhP4.0B, a 10% � growth vs FY2010 growth vs FY2010 Net Income 3,596 3,972 376 +10% EBITDA at PhP7.1B, a 11% � growth vs FY2010 733 +11% EBITDA 6,411 7,144 FY 2011 CONTRIBUTION REVENUES EBIT RESIDENTIAL 19% 58% 47% 34% RESIDENTIAL HOTELS 5% 18% 9% HOTELS 10% 3

  4. STABLE RECURRING INCOME AND REVENUE (PhP MM) REVENUES EBITDA EBIT CAGR: +10% CAGR: +10% CAGR: +11% 7,144 13,344 5,949 6,411 ������ ���� 5,031 11,297 ���� 11,182 10,734 5,321 ���� 4,499 4,499 ����� ����� 4,819 4,819 ������ ������ 4,280 4,280 ������ ������ ��� ��� 8,889 8,889 ����� ������ ������ 3,416 3,763 ��� ���� ��� ����� ������ ����� ��� ����� ����� ��� ���� ������ ����� ��� ����� ����� ����� ���� ��� ����� ���� ����� ����� ���� ��� ��� ����� ����� ����� ��� ������ ��� ��� ��� ��� ������ ����� ����� ����� ������ ����� ������ ����� ����� ����� ����� ������ ����� ����� � � � � � � � � � � � � � � � � � � � � ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� HOTELS RESIDENTIAL 4

  5. 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

  6. 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 4,443 4,443 growth of 8% growth of 8% 4,140 4,140 3,220 2,684 2,479 2007 2008 2009 2010 2011 EBIT CAGR: +19% 2,933 2,752 2,048 1,442 1,577 2007 2008 2009 2010 2011 6

  7. REVENUES CAGR: +17% One of the Philippine’s leading � BPO office space provider with 1,351 1,182 194,000 sqm net leasable space 1,112 883 715 Total occupancy for 8 completed � buildings is 99% We continue to be a leading � 2007 2008 2009 2010 2011 provider of office spaces to EBITDA CAGR: +17% BPOs in the Philippines, with 78% of our office building space 78% of our office building space 1,302 allocated for BPOs 1,140 1,032 879 697 2007 2008 2009 2010 2011 EBIT CAGR: +17% 923 842 738 616 497 2007 2008 2009 2010 2011 7

  8. HOTELS DIVISION REVENUES YoY: +5% FY 2011 REVENUE CONTRIBUTION 1,207 1,150 1,037 8% 6% 2009 2010 2011 9% 51% EBITDA YoY: +9% 26% 26% 387 354 313 � Total of 1,089 rooms � 3 Hotel Segments 2009 2010 2011 EBIT International � YoY: +30% Summit � 198 153 130 Go Hotels � 2009 2010 2011 8

  9. HOTELS DIVISION Occupancy Rate Flagship Go Hotel: Go Hotels Cybergate Plaza Location: Pioneer, Mandaluyong City No. of Rooms: 223 9

  10. RESIDENTIAL DIVISION SALES TAKE-UP REALIZED REVENUES YoY: +18% YoY: +41% 6,009 4,560 4,375 603 491 5,092 360 4,455 531 606 3,226 1,377 720 300 521 570 323 506 2,620 2,617 2,748 2,446 3,280 1,934 1,348 1,281 1,139 918 15 463 2009 2010 2011 2009 2010 2011 Net pre-sales FY2011 at PhP6.0B, Realized Revenues increased by � � 18% higher than last year 41% to PhP4.6B Launched 15 projects in FY2011 EBIT increased by 30% at � � across 4 Residential Brands worth PhP977M PhP8B EBITDA increased by 30% at � PhP1.0B 10

  11. RESIDENTIAL DIVISION -�����#�-����������� ������������������� ��������������������������� ����������������� ��!����� '��$�����)�������������� .����)�����"�)�����!������� ��(���')��%������� ������������������������� ����������"���#��� $���������)�������������� !�*����#���������������� �����(������+���#��# ���������������� $�%���&%����"������ $�����,������������������� ��%��/��������������� +������������������ ������������������ '������������ -��������������# -��������������# +���!������������������� +���!������������������� /��������������� /��������������� �����������)��� ���������������� +���'����������$����������� "������"��������������� �����(��������)������� �������%��%��������� ����������������������� '�������������� ��������������� 0�����������������')��%� 0�����(�-������� -�����+����� ������������������� +���+�����+����� 0���������$�%���!����� !������,��� -�����#�-������������� !������������������ �����(������,�)�� ������������������ 4���-�����#������ +���.����������/�%��#��� ����������������0��� 4������� +�������������� $���1���� ������� -�����#�������# '5������������� +���$������� $���2����0������ 0���������0����+���� .����)��������������� $�3���������0������ '������0�������� ' ����������� 11

  12. FINANCIAL HIGHLIGHTS – Q1 FY2012 %Total QoQ %Total QoQ %Total QoQ PhP MM REVENUES EBITDA EBIT 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 � EBITDA at PhP MM RLC RLC RLC PhP2.0B, a 9% growth over same period last year ����� 1,790 50% 14% 1,335 66% 12% 960 64% 17% � � Net Income at PhP1.2B, up 14% vs ������� 348 10% 15% 336 17% 9% 247 16% 8% Q1 FY2011 � Malls same mall revenue growth at 8% ������ 341 10% 7% 107 5% 4% 59 4% 8% � Offices rental revenues up 15% due ����������� to space take up, now 1,103 30% 11% 248 12% -6% 239 16% -7% at 99% First quarter ended 31 December 2011 12

  13. CAPITAL EXPENDITURE AND LANDBANK CAPITAL EXPENDITURE 13,433 13,000 3,439 Investment Capex Development Capex 6,820 Land Acquisition 3,732 7,026 6,227 1,741 4,101 3,870 2,780 6,262 2,270 2,270 2,310 1,706 655 F Y 2009 FY 2010 F Y 2011 FY 2012 LANDBANK as of 31 December 2011 SUMMARY Area (has.) ESTIMATED VALUE PhP B Malls 102.4 Metro Manila 11.7 Condominiums * 10.6 Luzon 4.5 Offices * 1.5 Visayas 1.8 Homes * 353.3 Mindanao 0.9 Hotels 6.0 TOTAL 18.9 TOTAL 473.8 *Some properties with Joint Venture partners 13

Download Presentation
Download Policy: The content available on the website is offered to you 'AS IS' for your personal information and use only. It cannot be commercialized, licensed, or distributed on other websites without prior consent from the author. To download a presentation, simply click this link. If you encounter any difficulties during the download process, it's possible that the publisher has removed the file from their server.

Recommend


More recommend