Presentation to Investors 18 January 2017 Table of Contents Slide - - PowerPoint PPT Presentation
Presentation to Investors 18 January 2017 Table of Contents Slide The Philippine Economy 3 Corporate structure 4 Description of Businesses: - Real estate Metro Manila 5 Tagaytay Highlands / Midlands 6 Land
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66.7 million shares (less than 1%) 3.7 billion shares (48.8% )
REAL ESTATE GAMING PORTFOLIO INVESTMENTS
City of Dreams Manila
Land bank and finished real estate
24.9 billion shares (78.7%)
APC GROUP, INC.
resources
100% 149.5 million shares (50.1%)
Tagaytay Highlands and Midlands developments SM PRIME HOLDINGS, INC.
integrated property developers in Asia
PREMIUM LEISURE CORP.
PREMIUMLEISURE & AMUSEMENT, INC.
PAGCOR license
with Melco Crown PACIFIC ONLINE SYSTEMS CORP.
Keno equipment
100%
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Philippine Social Security System (SSS) in PAGCOR Entertainment City, ASEANA Business Park, Paranaque City.
Subsidiary (MCP).
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communities between 2,000 to 2,500 feet above sea level.
about 1,000 feet above sea level with picture-perfect view of scenic Taal Lake
Highlands Projects
Midlands and Greenlands Projects Tagaytay Highlands International Golf Club
Makiling.
The Country Club at Tagaytay Highlands
F&B options.
to mountain peak.
eventually 36 holes.
48-seater Swiss Funicular System.
Tagaytay Midlands Golf Club
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Plantation Hills Saratoga Hills Midlands Golf Course Highlands Golf Course
The Woodlands Pinecrest Village The Villas Belleview Lakeview Heights Alta Mira
Lakeside Fairways
Tagaytay Highlands International Golf Club Tagaytay Highlands Internatioal Golf Club The Country Club at Tagaytay Highlands Tagaytay Midlands Golf Club
View of Taal Lake View of Laguna de Bay View of Mt. Makiling
Tagaytay Highlands 66 Kilometers Road Length from Manila Manila
Location Map
Laguna de Bay Taal Lake
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Tagaytay Midlands Lakelands (approx. 333 hectares) 21 Kilometers Road Length from Tagaytay Midlands Taal Lake
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Aragorn Power and Energy Corporation (90% owned) Geothermal Kalinga
contract with Dept. of Energy
Management Corp.
PRC-Magma Energy Resources, Inc. (85% owned) Geothermal Mountain Province
Ifugao
APC Cement Corporation (100% owned) Cement (limestone quarry and processing) Ginatilan, Cebu
covering more than 1,000 hectares
* From the Philippine Department of Energy “Geothermal Potential of the Cordillera Region, Philippines”
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Premium Leisure Corp. (PLC) is a public company listed on the Philippine Stock Exchange that holds the gaming assets of Belle Corporation.
Through its wholly owned subsidiary, Premium Leisure and Amusement, Inc. ( PLAI), benefits from a Philippine Amusement and Gaming Corporation (PAGCOR) license to
Involved with Belle and MCE in City of Dreams Manila, which
Owns a 50.1% stake in Pacific Online Systems Corp. (POSC), a company that develops and manages online computer systems, terminals and software for the parimutuel sector of the Philippine gaming industry.
Generous dividend policy that requires it to distribute at least 80% of prior year’s unrestricted retained earnings.
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*Pacific Online was consolidated into Belle’s financials starting June 2014. Prior to June 2014, Pacific Online’s net income was equitized in Belle’s income statement. For comparability, Pacific Online’s revenues and earnings for 2014 and 2013 are shown herein on a full year basis.
City of Dreams Lease = 1,639 Premium Leisure Corp (excl. Pacific Online) = 1,107 Pacific Online Systems Corporation = 1,386 Property Development and Management = 509
Revenue Mix 9 months 2016
(amounts in Millions of Php, except percentages)
24% City of Dreams Lease = 922 Premium Leisure Corp (excl. Pacific Online) = 873 Pacific Online Systems Corporation = 565 Property Development and Management = 230
EBITDA Mix 9 months 2016
(amounts in Millions of Php, except percentages)
35% 35% 20% 36% 11% 29% 10% (amounts in P millions, except percentages) CONSOLIDATED Revenue 4,641 3,981 5,195 3,164 2,624 EBITDA 2,590 2,113 2,572 1,413 1,841 EBIT 2,312 1,811 2,225 1,349 1,806 Net Income 1,873 1,144 1,425 2,557 3,636 Recurring net income 1,873 1,144 1,334 1,036 572 Belle dividend payments: Regular 1,003
211
1,900
9.0% 5.8% 5.3% 10.7% 3.4% City of Dreams Lease Revenue 1,639 1,582 2,107 1,598 1,335 EBITDA 922 990 1,263 1,053 1,048 Net Income 495 543 623 485 2,976 Premium Leisure Corp. (excl. Pacific Online and intercompany dividends) Revenue 1,107 554 756 39
873 478 334 (31) (9) Net Income 507 192 387 1,160 (9) Pacific Online Systems Corporation (excl. intercompany dividends)* Revenue 1,386 1,281 1,718 1,731 1,646 EBITDA 565 432 624 663 556 Net Income 316 238 346 367 325 Property Development and Management Revenue 509 525 614 474 340 EBITDA 230 213 351 260 164 Net Income 172 123 69 43 67 9 mos 2016 9 mos 2015 FY 2015 FY 2014 FY 2013
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₱ millions ₱/ share
(Regular Dividend)
(Regular Dividend)
(Special Dividend)
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Disclaimer
Except for historical financial and operating data and other information in respect of historical matters, the statement contained herein are “forward-looking statements”. Any such forward-looking statement is not guarantee of future performance and involves a number
implied by such forward-looking statement.