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Investor Kit 2018

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Investor Kit 2018 Investor Kit 2019 This presentation is available online through www.smprime.com Disclaimer This presentation does not constitute a prospectus or other offering memorandum in whole or in part. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company. There shall be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to any qualification under the securities laws of such state or jurisdiction. This presentation has not been and will not be reviewed or approved by any statutory or regulatory authority or any stock exchange in the Philippines or elsewhere. Prospective investors should undertake their own assessment with regard to their investment and they should obtain independent advice on any such investment’s suitability, inherent risks and merits and any tax, legal and accounting implications which it may have for them. This presentation contains statements about future events and expectations that constitute “forward-looking statements.” These forward-looking statements include words or phrases such as the Company or its management “believes”, “expects”, “anticipates”, “intends”, “may”, “plans”, “foresees”, “targets”, “aims” “would”, “could” or other words or phrases of similar import. Similarly, statements that describe the Company's objectives, plans or goals are also forward-looking statements. All such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Such forward-looking statements are made based on management’s current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements speak only as at the date of this presentation and nothing contained in this presentation is or should be relied upon as a promise or representation as to the future. This presentation and the contents hereof are for the exclusive use of the intended recipient(s). This presentation and the contents hereof should not be (i) forwarded or delivered or transmitted in any manner whatsoever, to any other person other than the intended recipient(s); or (ii) reproduced in any manner whatsoever. Any forwarding, distribution or reproduction of this presentation in whole or in part is unauthorized. This presentation must not be distributed to the press or any media organization. By accepting this presentation, the recipient agrees to keep confidential at all times information contained in or made available in connection with this presentation. Neither the Company nor its advisor, nor any of their respective affiliates, shareholders, directors, employees, agents or advisers makes any expressed or implied representations or warranties as to the accuracy and completeness of the information contained herein or any other information (whether communicated in written or oral form) and each of the foregoing parties expressly disclaims any and all responsibility and liability of any kind (including any contractual, non-contractual, or third party liability) for any loss or damage, whether or not arising from any error or omission in compiling such information or as a result of any party’s reliance or use of such information. The information in this presentation has not been independently verified. The information and opinions in this presentation are subject to change without notice, and no obligation is assumed by the Company nor its advisor, nor any of their respective affiliates, shareholders, directors, employees, agents or advisers to provide the recipient(s) with access to any additional information or to update this presentation or to correct any inaccuracies in it which may become apparent. 2 Investor Kit 2019 Outline I. The Company ▶ Company Profile ▶ Key Business Units ▶ Malls ▶ Residences ▶ Offices ▶ Hotels and Convention Centers ▶ Key Strategies ▶ 3-Year Roadmap ▶ Landbank ▶ Capex Program II. Key Strategies III. Financial Highlights ▶ 9M2018 Results IV. Investment Highlights Company Profile ▶ One of the largest integrated Market Capitalization property developers in Southeast Asia by market capitalization US$21.79bn ▶ One of the largest listed real estate developer on the PSE by market PSE Stock Symbol SMPH capitalization and net income Market Capitalization PHP1,139bn ▶ Consistently cited for excellence in corporate governance, property Outstanding Shares 28,879mn development, environmental Last Traded Price Php39.00/share consciousness, and investor (January 11, 2018) relations programs Average Daily US$6.63mn Turnover (YTD) 4 Investor Kit 2019 Key Business Units Hotels and Malls Residences Offices Convention Centers ► SM Supermalls ► SM Development ► Offices and ► Radisson Blu Corp. and its warehouses ► SM Lifestyle and ► Taal Vista subsidiaries Entertainment Inc. ► Mall of Asia Complex ► Pico Sands ► Highlands Prime Inc. ► Family Entertainment ► Seaside City Cebu ► Park Inn Center Inc. ► Costa Del Hamilo Inc. Complex ► Conrad Manila ► SMX Convention Centers 5 Investor Kit 2019 Key Achievements Malls Residences (GFA in sqm) (Units Sales) CAGR = 5.22% 10M 9.3M 9.5M 18K 9.0M 16.2K 14.7K 8.2M 16K 13.5K 8M 7.0M 7.3M 14K CAGR = 21.98%* 12K 6M 9.5K 8.2M 10K 8.0K 6.2M 7.3M 7.7M 8.0M 4M 6.5M 8K 6.0K 6K 2M 4K 2K 0.9M 1.3M 1.3M 1.3 0 0.8M 0.8M 0K 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 9M2018 China Philippines *2013-2017 CAGR only Offices Hotels (GFA in sqm) (Rooms) 700K 632K CAGR = 6.99% 1.6K 1,510 1,510 1,522 600K CAGR = 27.52% 1.4K 1,229 500K 456K 1.2K 1,015 1,075 400K 383K 1.0K 318K 300K 0.8K 0.6K 200K 147K 189K 0.4K 100K 0.2K 0K 0.0K0 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 6 Investor Kit 2019 At a Glance 9M2018 Operating 9M2018 Operating 9M2018 Operating 9M2018 Operating Highlights Highlights Highlights Highlights ► Total Revenues reached ► Total Real Estate ► Total Revenues ► Total Revenues jumped PHP43.26 billion, up by Revenues expanded by increased by 14% by 3% to PHP3.59 12% from PHP38.58 billion 24% to PHP24.84 billion to PHP2.58 billion billion from PHP3.49 billion ► Operating Income grew from PHP20.03 billion from PHP2.27 billion ► Operating Income went by 12% to PHP23.97 ► Operating Income rose ► Operating Income went down by 11% to PHP751 billion from PHP21.38 by 34% to PHP8.29 up by 14% to PHP2.14 million from PHP841 billion billion from PHP6.17 billion from PHP1.87 million ► Total Investment billion billion ► Total Investment Properties of PHP240.71 ► Total Assets amounted to ► Total Investment Properties of PHP10.03 billion PHP180.21 billion Properties amounted billion to PHP38.84 billion 7 Investor Kit 2019 (as of 9M2018) REVENUE PHP43.26bn OPERATING INCOME PHP23.97bn GROSS FLOOR AREA 9.5M sqm MALLS (as of December 2018) 72 in PH & 7 in CH Key Business Units Malls PHILIPPINES CHINA 72 Malls* Malls 7 8.2M sqm Total GFA* Total GFA 1.3M sqm 18,153 Tenants Tenants 1,940 Average Daily Average Daily 4.0M Pedestrian Count Pedestrian Count 0.2M 338 Cinema Screens Cinema Screens 58 88,268 Parking Slots Parking Slots 15,373 SM Prime is the largest mall operator/developer in the Philippines. (*as of December 2018) 9 Investor Kit 2019 Key Business Units Malls Philippine Population: 101M Philippine Malls ▶ In terms of GFA, Metro Manila malls account for 42%, Luzon is Luzon: 37%, Visayas is 13% and 45M People Mindanao is 8% NCR: 13M People ▶ Average mature mall Visayas: occupancy rate is 95% 19M People ▶ Same-Mall-Sales-Growth (SMSG) is 8% year-on-year (YoY) Mindanao: 24M People 10 Investor Kit 2019 Key Business Units Malls Philippine Malls’ Expansion Program 2018 2019 New Malls New Malls SM City Legazpi SM City Olongapo Central Name GFA Name GFA SM Center Imus 13,000 SM Center Dagupan 23,000 SM City Urdaneta 59,000 SM City Olongapo Central 72,000 SM City Telabastagan 55,000 SM City Butuan 48,000 SM City Legazpi 88,000 SM Mindpro Citimall 36,000 SM Center Ormoc 21,000 SM City Baguio (expansion) +46,000 SM City Fairview (expansion) +32,000 ▶ This year, SM Prime’s mall launches will all be in the provinces. ▶ Available landbank of almost 191 hectares which is good for over the next 5 to 7 years 11 Investor Kit 2019 Key Business Units Malls China Malls ▶ Operating in China since 2001 and became part of SM Prime in 2007 SM Xiamen Lifestyle ▶ Contributed 6% of the overall revenues and 6% of consolidated operating income ▶ Operates 7 malls with a total GFA of 1.3m sqm ▶ Future expansions will focus in Fujian SM City Tianjin province SM City Suzhou 12 Investor Kit 2019 Mall Coverage Malls Caloocan (North) Existing Sites Future Sites Valenzuela (1 mall) Navotas Quezon City Untapped Area Malabon (5 malls) Caloocan Marikina (1 mall) (1 mall) Manila (2 malls) San Juan Mandaluyong Pasig (2 malls) (2 malls) Makati Pasay Pateros (2 malls) Taguig (1 mall) Parañaque (3 malls) Las Piñas (2 malls) Muntinlupa (1 mall) ▶ SMPH malls covered almost all of the key cities in Metro Manila and adjoining towns and municipalities, accounting for 42% of the company’s total gross floor area in the Philippines. ▶ SMPH mall expansion is geared towards the provinces. The focus is to cover most of Northern Luzon, Visayas and the progressive cities in Mindanao. 13 Investor Kit 2019 (as of 9M2018) REVENUE PHP25.26bn OPERATING INCOME PHP8.29bn RESERVATION SALES PHP52.80bn RESIDENTAL UNITS (since 2003) 116,687 Key Business Units* Residences Primary Homes ▶ A leading residential developer of high- rise buildings (HRBs) mid-rise buildings (MRBs) and single-detached house and Bloom Residences Amenity Area lots ▶ Accounts to 34% of the consolidated revenues ▶ Reservation sales value of PHP52.80 billion in 9M2018, up by 25% from PHP42.08 billion.
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