Presentation to Investors 1 March 2017 Table of Contents Slide - - PowerPoint PPT Presentation
Presentation to Investors 1 March 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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65.0 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% 224.3 million shares (50.1% of issued shares)
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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5 4 3 13 14 12 12 15 6 7 2 11 8 16 17 9 9 10 10 18 1Plantation 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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1 March 2017.
Geothermal Renewable Energy Service contract with the Department of Energy for a project in Kalinga province with a resource potential of 120-200 MW*, in partnership with Chevron Kalinga Ltd. and Guidance Management Corp.
* From the Philippine Department of Energy “Geothermal Potential of the Cordillera Region, Philippines”
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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 opened on 14 December 2014.
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
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 = 2,194 Premium Leisure Corp (excl. Pacific Online) = 1,643 Pacific Online Systems Corporation = 1,888 Property Development and Management = 586
Revenue Mix FY 2016
(amounts in Millions of Php, except percentages)
24% City of Dreams Lease = 1,465 Premium Leisure Corp (excl. Pacific Online) = 1,187 Pacific Online Systems Corporation = 769 Property Development and Management = 257
EBITDA Mix FY 2016
(amounts in Millions of Php, except percentages)
35% 35% 20% 36% 11% 29% 10%
(Amounts in Php millions except percentages) FY 2016 FY 2015 FY 2014 FY 2013 CONSOLIDATED REVENUE 6,322 5,352 3,317 2,624 EBITDA 3,678 2,756 1,413 1,841 EBIT 3,167 2,225 1,349 1,806 Net income 3,096 1,772 2,557 3,636 Recurring net income 2,076 1,334 1,036 572 Belle dividend payments: Regular 1,003 1,003 211
11.7% 6.8% 10.7% 3.4% City of Dreams Lease Revenue 2,194 2,108 1,598 1,335 EBITDA 1,465 1,258 1,053 1,048 Net Income 602 595 485 2,976 Premium Leisure Corp. (excl. Pacific Online and intercompany dividends) Revenue 1,643 756 39
1,187 640 (31) (9) Net Income 753 266 1,160 (9) Pacific Online Systems Corporation (excl. intercompany dividends)* Revenue 1,888 1,718 1,731 1,646 EBITDA 769 623 663 556 Net Income 392 323 346 325 Property Development and Management (excl. mark to market gains on club shares) Revenue 586 590 474 340 EBITDA 257 235 260 164 Net Income 149 68 43 67
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₱ millions ₱/ share February 28, 2017 (Regular Dividend)
(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.