RLC 1Q FY10 Presentation February 2009
1 INCOME STATEMENT
For the fiscal year ended (in PhP B) 1Q FY09 1Q FY10 10 VS 09 Revenues 2.38 2.71 14% Cost and Expenses 1.48 1.57 6% Income before Income Tax 0.90 1.14 28% Provision for Income Tax 0.22 0.27 27% Net Income 0.68 0.87 28% EBITDA 1.30 1.59 22%
EBITDA Margin Net Income Margin 30% 32% 59% 29%
55% 55%
2009 1Q FY09 1Q FY10 2009 1Q FY09 1Q FY10 2 BALANCE SHEET
Total Assets (PhP M) Shareholder’s Equity (PhP M)
51,479 53,280 26,367 40,311 25,566
22,987
2008 2009 1Q FY10 Source: Company2008 filings, Fiscal Year 2009 End 30 September 1Q FY10 Return on Equity Net Debt to Equity 24% 24% 14% 13% 13% 21%
2008 2009 1Q FY10 * 2008 2009 1Q FY10 3 *estimated FINANCIAL HIGHLIGHTS 1Q FY10
P millions REVENUES %TOTAL RLC YOY NIBT YOY
2,709 100% 14% 1,144 28% TOTAL
1,416 52% 41% 736 63% MALLS
265 10% 5% 209 3% OFFICES
289 11% 3% 34 10% HOTELS
739 27% (12%) 165 (22%) 4 RESIDENTIAL COMMERCIAL CENTERS DIVISION
Leasable Area ('000 sqm)
765,500 2010 44,000 New Malls in FY2010: •Dumagete 2009 700,000 65,500 •Ilocos Norte •Cebu Cybergate
Revenue & EBITDA (PhP m)
4,210
3,220 •One of Philippine’s largest mall operator with 29 malls 1,002 1,416 1,057 •809,000 sqm gross leasable space 736 •93% latest occupancy •Same mall growth 8% 2009 1Q FY09 1Q FY10 5 Revenues EBITDA OFFICE BUILDINGS DIVISION
OCCUPANCY OFFICE PROPERTY NLA (in sqm) 12/31/09
1 Galleria Corp. Center Quezon City 3,000 100% 2 Robinsons Equitable Tower Pasig City 15,000 90% 3 Robinsons Summit Center Makati City 31,000 91% 4 Robinsons Cybergate 1 Pioneer 27,000 100% 5 Robinsons Cybergate 2 Pioneer 44,000 100% 6 Robinsons Cybergate 3 Pioneer 44,000 62% TOTAL 165,000 87%
Revenue & EBITDA (PhP m)
1,112 1,032
Upcoming Office in 253 273 265 280 FY2010: -Robinsons Cybergate Plaza Pioneer, Mandaluyong City, 2009 1Q FY09 1Q FY10 Metro Manila 6 25,000 sqm NLA Revenues EBITDA HOTELS DIVISION
Deluxe Summit Go Hotels
Properties
Location Ortigas/ Quezon City/ Tagaytay •Pioneer, Cebu City Mandaluyong Rooms 285/ 263/ 210 108 225 Occupancy 79%/ 76%/ 50% 32% Completion in 2Q 12/31/09 FY10 Revenue & EBITDA (PhP m)
1,036
313 281 289 76 86
2009 1Q FY09 1Q FY10 7 Revenues EBITDA RESIDENTIAL DIVISION
LUXURIA by ROBINSONS ROBINSONS ROBINSONS Robinsons LAND COMMUNITIES HOMES Type of •High, Upper •Middle-Upper •Lower Middle to •Mid to Low Development Middle Middle Middle •House and Lots •All formats •All formats •Low to Mid-Rise •Lots only Condominium Location •Prime locations •CBDs •Emerging •Urbanized within CBDs and Districts in M.M provinces key tourism spots •CBD peripheries •Outskirts of Metro Manila Price Range Above P5 M P2.5 M- P7.0M P1.0 M- P3.5 M P750T- P2.0 M
Revenue & Realized Sales (PhP m) 4,490 4,374
•Approx. P 9.8 B of 1,070 840 1,135 739 unrealized rev & reservations •Launch at least 6 projects a year 2009 1Q FY09 1Q FY10 8 Net Sales Realized Sales RESIDENTIAL DIVISION
LUXURIA by Robinsons ROBINSONS LAND SIGNA DESIGNER RES MAGNOLIA RESIDENCES # of units: 312 # of units: 419 % sold*: 23% % sold*: 38%
SONATA TRION TOWER-1 RESIDENCES-1&2 # of units: 736 # of units: 270/ 270 % sold*: 73% % sold*: 80%/ 28% ROBINSONS COMMUNITIES ROBINSONS HOMES WOODSVILLE BLDGS # 1-7 FRESNO PARKVIEW Total # of units: 574 # of units: 569 % sold*: 75% % sold* : 14%
TH ESCALADES @20 AVE. ST. BERNICE ESTATES BLDGS #1-3 # of units: 206 Total # of units: 360 9 % sold* : 64% % sold*: 69% *as of Dec. 31, 2009 LANDBANK
RLC Properties and JV, by geography (in has.)
LUZON SUMMARY Area (in has.) Malls (owned) 45.21 Ilocos Sur 42.0 VISAYAS Pangasinan 5.8 Pampanga 12.3 Bacolod 1.0 Condos and Office 6.08 Bulacan 32.8 Iloilo 0.8 Metro Manila 18.6 Cebu 3.6 Condos and Office (JV) 2.41 Rizal 13.2 Cavite 10.1 SUB TOTAL 5.4 Housing (owned)/Mixed 151.3 Batangas 121.2 Naga 0.4 Housing (JV) 87.2 Palawan 19.7 Hotels 4.18 SUB TOTAL 276.1 TOTAL 296.38 MINDANAO
Davao 15.0
SUB TOTAL 15.0 10 PROJECT PORTFOLIO
Thank you
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