Post on 06-Oct-2020
March 2016
FY 2015Investor Presentation
Key Messages
• The Philippine Real Estate sector remains resilient and continues to grow given the steady fundamentals of the Philippine Economy.
• Ayala Land, with its strategic land bank, diversified product lines and solid track record in developing integrated mixed-use estates is uniquely positioned to address growth opportunities in the Real Estate sector.
• With clear strategies, Ayala Land is on-track to deliver its 2020-40 plan to achieve sustainable and balanced growth.
2
Key Messages
• The Philippine Real Estate sector remains resilient and continues to grow given the steady fundamentals of the Philippine Economy.
• Ayala Land, with its strategic land bank, diversified product lines and solid track record in developing integrated mixed-use estates is uniquely positioned to address growth opportunities in the Real Estate sector.
• With clear strategies, Ayala Land is on-track to deliver its 2020-40 plan to achieve sustainable and balanced growth.
3
Source: BSP, Trading Economics
Steady fundamentals of the Philippine Economy
4
Gross International Reserves (In USD billion)
33.7% 32.0%28.9% 28.2%
25.9%
2011 2012 2013 2014 1H 2015
External Debt-to-GDP
3.7%
6.7%7.1%
6.1% 5.8%
2011 2012 2013 2014 2015
PH Real GDP Growth Rate
4.6%
3.2% 3.0%
4.1%
1.4%
2011 2012 2013 2014 2015
Inflation Rate
75.3
83.8 83.2
79.880.7
2011 2012 2013 2014 2015
Source: BSP, BPAP, NSCB, 5
Complemented by key drivers that foster the growth of the Real Estate Sector
Overseas Filipino Remittances(in USD billions)
11 1316 18
21
2011 2012 2013 2014 2015 F
BPO Revenues (in USD billions)
2.8 3.2 3.5 3.9 5.0
23.130.2
37.544.1
47.7
2010 2011 2012 2013 2014
Foreign Domestic
Tourist Arrivals (in millions)
Average Mortgage Rates
11.5%
7.0%
12.5%
8.8%
13.5%
9.8%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 9M2015
5-Year 10-Year 15-Year
20 2123 24 26
2011 2012 2013 2014 2015
Source: NSO FIES 2012, ALI Corplan Analysis; Per Capita Income based on BSP Statistics (2015F population of 101.4 mn)
10.2 10.7 10.8 12.4 12.4
3.2 3.9 4.4
4.6 5.4 1.1
1.5 1.8
1.7 2.3
0.5
0.7 1.1
0.8
1.2
88 K
129 K
130 K
90 K
145 K
2000 2003 2006 2009 2012
Philippine Household Segmentation(B&C+ HH now at 16%)
0.7% A-AAA (120k+)
5.7% B (50-120k)
10.6% C+ (30-50k)
25.2% C/C- (15-30k)
57.8% D-E (15k-)
32%
42%
2,832 3,123 3,371 3,457 3,544
2011 2012 2013 2014 2015F
Per Capita Income (in USD at current prices)
5.7%
6.6%
5.7%
6.1% 6.2%
2011 2012 2013 2014 2Q 2015
Household Consumption Growth(Consumption is 67% of GDP $3.7T)
Supported by consumption, increasing per capita income and a growing middle class
6
Key Messages
• The Philippine Real Estate sector remains resilient and continues to grow given the steady fundamentals of the Philippine Economy.
• Ayala Land, with its strategic land bank, diversified product lines and solid track record in developing integrated mixed-use estates is uniquely positioned to address growth opportunities in the Real Estate sector.
• With clear strategies, Ayala Land is on-track to deliver its 2020-40 plan to achieve sustainable and balanced growth.
7
• Incorporated in 1988 as a subsidiary of Ayala Corporation, publicly listed in July 1991
• Ownership - AC: 48%, Public: 52%
• Present in 55 growth centers across the Philippines
• 8,948 hectares of developable land bank
8
Ayala Land: Leading and most diversified Philippine property developer with more than 8,900 has of land bank
*Includes Makati, Bonifacio Global City, other Mega Manila, Metro Cebu, Metro Davao, Bacolod, Iloilo, Cagayan de Oro Nationwide development footprint
4,325 4,986
7,459 7,749 7,964 560
708
994 890 984
2011 2012 2013 2014 2015
Suburban In City*
8,453
5,6954,885
8,6398,948
Cabanatuan
CDO
BacolodIloilo
Cebu
Metro Manila
Tuguegarao
Rizal
Naga
Legazpi
Bulacan
Davao
Sicogon
Cavite
Baguio
Anvaya, Bataan
Laguna Lucena
El Nido
Batangas
Pampanga SJDM
Pangasinan
Tarlac
Diversified product lines that address various market segments
9
1,080 1,188 1,259 1,336 1,452
266 342 287
497
911
2011 2012 2013 2014 2015
Operational Under Construction
Malls (in GLA)
Offices (in GLA) Hotel Room Keys
Residential Sales Take-Up (In Php Bn)
2011 2012 2013 2014 2015
ALP
Alveo
Avida
Amaia
BellaVita
51.7
77.6
91.9
101.7105.3
429 509 562 612 715 162
240 237
693 715
2011 2012 2013 2014 2015
Operational Under Construction
591749 799
1,3051,430
784 1,467
2,001 2,162 2,324 765 462
893
2,066 2,781
2011 2012 2013 2014 2015
Operational Under Construction
1,5491,929
2,894
4,228
5,105
2,363
1,3461,530 1,546
1,782
Mature Estates
Makati Central Business District
Cebu Park District
Bonifacio Global City
Nuvali
10
Solid track record in developing large scale, integrated mixed-use estates
1960 2000
1990 2006
New Estates in Mega Manila
11
Makati(21 has.)
Taguig(74 has.)
Quezon City(29 has.)
Alabang(6.6 has.)
Cloverleaf(11 has.)
Vermosa(700 has.)
EntertainmentDistrict
Gateway of the South
City Center of QC
Convergence in the South
Pocket Urban Haven
Modern Suburban
GFA build out: 1.3m sqm. • Residential:
66%• Office and
retail: 25% • Hotel and
others: 9%
GFA build out: 3.6m• Residential:
31%• Office and
retail: 26%• Other
Commercial: 43%
GFA build out: 1.8m sqm• Residential:
36%• Office and
retail: 55%• Hotels and
others: 9%
GFA build out: 339k sqm• Residential
62%• Office and
retail: 31%• Others: 7%
GFA build out: 406k sqm• Residential:
69%• Retail: 17%• Hospital: 11%• Others: 3%
GFA build out: 5.9m sqm• Residential:
76%• Commercial:
26%
Expanding presence in new estates: Luzon
Bulacan (98 has.) Pampanga (1,025 has.) Palawan (325 has.)
Vibrant City Living Corridor to the North Island Resort Estate
• GFA build out: 768k sqm.• Residential: 22%• Retail: 13%• Other Commercial : 65%
• GFA build out: 639 has.• Residential: 87%• Office and retail: 3%• Others: 10%
• GFA build out: 500k sqm• Residential: 30%• Hotel: 60%• Retail: 5%• Others: 5%
12
Expanding presence in new estates: VisMin
Negros Occidental(9 has.)
Negros Occidental (215 has.)
Iloilo(21 has.)
Cagayan De Oro(3 has.)
Davao(10.1 has.)
Commercial and Residential District
Quality Living Emerging Business District
Commercial District Commercial District
• GFA build out:155k sqm• Residential: 6%• Office and
Retail: 89%• Hotel: 5%
• GFA build out: 942k sqm.• Residential :
93%• Office and
Retail: 6%• Other
Commercial: 1%
• GFA build out: 287k sqm• Residential
38%• Office and
Retail: 52%• Hotel, Hospital
and Others: 10%
• GFA build out: 109k sqm• Residential:
19%• Office and
Retail: 71%• Hotel: 10%
• GFA build out: 173k sqm• Residential:
34%• Office and
Retail: 59%• Hotel: 7%
13
Capitol Central
Balanced and Complementary Businesses
14
PropertyDevelopment
Commercial Leasing
Hotels andResorts
Services
Residential• 5 brands serving
different income segments
Office for Sale• Makati and BGC
Commercial/Industrial Lots• Arca South• Alviera• Nuvali• Laguna Technopark
Shopping Centers1.45m sqm GLA• 49 shopping centers
Offices715k sqm GLA• 5 HQ (72k GLA)• 38 BPO (643k GLA)
Hotels2,324 Rooms
Branded (1,294 rooms)• ( Marriott, Raffles,
Holiday Inn, Intercon*)
Seda (817 rooms)• (BGC, Centrio, Abreeza,
Nuvali, Iloilo)
ResortsEl Nido (213 rooms)• (Apulit, Miniloc, Lagen
and Pangulasian)
*to be redeveloped by Jan 2016
Construction• 244 projects• P124b net order
book (99.9% ALI)
Property Management• 196 managed
properties• P1.1b contract
value (97% ALI)
Residential Shopping Centers
ConstructionProperty
Management
Hotels & Resorts
APRISA BUSINESS PROCESS SOLUTIONS, INC.an AyalaLand company
Shared ServicesRegional
Office
Decentralized Organization
15
Highly trusted Brand
16
Residential Malls Offices
Hotels and Resorts
#1 in Residential Development
#2 in Shopping Centers GLA
#2 in Offices GLA
#1 in no. of Hotel Room Keys
Mixed-Use Estates
#1 in sizeand location
Industrial Parks
#1 in export revenue and employment
generation
Key Messages
17
• The Philippine Real Estate sector remains resilient and continues to grow given the steady fundamentals of the Philippine Economy.
• Ayala Land, with its strategic land bank, diversified product lines and solid track record in developing integrated mixed-use estates is uniquely positioned to address growth opportunities in the Real Estate sector.
• With clear strategies, Ayala Land is on-track to deliver its 2020-40 plan to achieve sustainable and balanced growth.
18
11.714.8
17.6
40
2013 2014 2015 2016 2017 2018 2019 2020
Net Income After Tax
P40BNIAT
By 2020
20% AnnualGrowth Rate
Sustainable and balanced growth strategy:
50% from Residential Development• Mix: 50% Horizontal, 50% Vertical
50% from Leasing• 3x GLA growth: Malls, Office, Hotels and
Resorts
Balanced and sustainable growth through the 2020-40 Plan
Platform for growth in place
19
Makati Bonifacio Global City Nuvali
Present
20001960
Present
2006
Present
Cebu
1990
Present
Capitol Central
18 estates as of 30 Sep 2015
Residential: Steady launch of various product lines
20
“B” – (4%)(P50-120K/mo)
“C/C-” (32%)(P15-50K/mo)
“A-AAA” – (1%)(P120-250K/mo)
Based on Income Classes of 18M Households
“D/E”- (P63%)
(<P15K/mo)
Source: Nat’l Statistics Office, 2012 FIES
• 3.9M* current housing backlog
• Annual supply of 200K* units vs. annual demand of
345K** units
Segment Price Range Average/unit
High EndP9 - 180M
(US$200-4M)P18M
(US$400k)
UpscaleP4 - 33M
(US$100-735K)P8M
(US$178k)
Middle IncomeP2.5 - 14M
(US$38-300K)P5M
(US$100K)
Economic Housing P600K – 1.5M(US$15-63K)
P1.2M(US$30K)
Social EnterpriseCommunity
P400K - 1M(US$10-25K)
P600K(US$15K)
*Similar strategy is being adopted by all other business lines
Wide product offering to address a broader market segment
21
• Regional Malls• Lifestyle Malls• Value Malls• Community Centers
• Headquarter Type Offices• BPO-Type Facilities
• SEDA Hotels• Island Resorts and Estates• International Brand
Formats
Leasing: Continued expansion of investment propertiesMalls, Offices and Hotels and Resorts growth
Malls GLA : 1.2 to 3.6(in million sqm.)
Office GLA : 0.5 to 1.8(in million sqm.)
Hotels and Resorts : 2k to 6.0k(# of rooms in thousands )
0.5 0.60.7
1.8
2013 2014 2015 2016 2017 2018 2019 2020
1.2 1.3 1.4
3.6
2013 2014 2015 2016 2017 2018 2019 2020
2.0 2.1 2.3
6.0
2013 2014 2015 2016 2017 2018 2019 2020
3x GLA3x GLA 3x Room Keys
22
*Includes FVPL (financial assets at fair value through profit and loss) **Equity is inclusive of minority interest
Balance Sheet December DecemberChange %
(in P millions) 2015 2014
Cash & Cash Equivalents* 19,540 34,587 (15,047) -44%Total Borrowings 130,996 124,666 6,330 5%Stockholders’ Equity 149,825 121,996 27,829 23%
Current Ratio 1.14 1.22 - -Debt-to-Equity Ratio** 0.87 1.02 - -Net Debt-to-Equity Ratio** 0.74 0.74 - -Return on Equity 14.7% 14.4% - -
Healthy Balance Sheet to support growth
FY 2015 Financial and Operations Results
23
1. Steady net income growth of 19% to P17.6b
• Revenues increased 13% to P107.2b driven by the sustained performance of core businesses which grew 22% before intercompany adjustments
• Margins improved across product lines
2. Healthy balance sheet with a cash position of P19.5b and a net gearing of 0.74x
3. Capex spend reached P82.2b
4. Launched 3 estates and P120.4b worth of residential and leasing projects
Steady net income growth of 19% to P17.6b
24
• Revenues higher by 13%
• GAE ratio improved to 6.2% from 6.5%
• EBIT margin higher at 32% (vs. 31%)
*Includes interest income on accretion. Per statutory reporting (17A), interest income on accretion is classified under Interest Income
Income Statement FY 2015 FY 2014 Change %
(in Php millions) Total Revenues 107,183 95,197 11,986 13%Real Estate* 105,466 93,041 12,425 13%Interest & Other Income 1,717 2,156 (439) -20%
Equity in Net Earnings of Associates and JVs (140) 647 (787) -122%Interest & Investment Income 1,175 803 372 46%Other Income 683 706 (23) -3%
Expenses 79,432 71,340 8,092 11%Real Estate 65,335 59,396 5,939 10%GAE 6,592 6,203 389 6%Interest Expense, Financing and other charges 7,505 5,742 1,764 31%Income Before Income Tax 27,751 23,857 3,894 16%
Provision for Income Tax 6,854 6,142 712 12%Income before Non-Controlling Interest 20,897 17,715 3,182 18%Non-Controlling Interest 3,267 2,912 355 12%NIAT Attributable to ALI Equity Holders 17,630 14,803 2,828 19%
Revenue BreakdownFY 2015 FY 2014 Change %
(in P millions) Property Development 72,570 65,854 6,716 10%
Residential 62,711 55,877 6,835 12% New bookings and project completion
Office for Sale 6,907 5,258 1,649 31% Contribution of new launches and higher completion of HSS Corp Plaza
Comm’l/Ind’l lots 2,951 4,719 (1,768) -37% Higher Arca South and Nuvali commercial lot sales in 2014
Commercial Leasing 24,497 21,206 3,292 16%Shopping Center 13,366 11,359 2,007 18% Improved performance of new malls;
higher occupancy and average rental of existing malls
Office 5,157 4,229 929 22% Contribution of new offices; higher occupancy and average rental of existing offices
Hotels and Resorts 5,974 5,618 357 6% Higher occupancyServices 45,245 29,796 15,449 52%
Gross Construction 44,068 28,761 15,306 53% Increase in order bookProperty Mgmt. 1,177 1,034 142 14% Increase in managed properties
Sub -Total 142,312 116,855 25,456 22%Interco Adjustments (36,846) (23,814) (13,032) 55%Real Estate Revenues 105,466 93,041 12,425 13%Interest & Other Income 1,717 2,156 (439) -20% Lower equity in net earnings of FBDC
Total Revenues 107,183 95,197 11,986 13%
Sustained performance of core real estate businesses
25
Improved margins across product lines
26
Margin Performance 2015 2014
Property Development (Gross profit)
Residential
Horizontal 44% 43% Sale of higher margin horizontal projectsVertical 34% 33% Steady margins across vertical projects
Office for Sale 38% 38% Maintained office for sale marginsCommercial and Industrial Lots 50% 45% Sale of higher margin commercial lots in Arca
South, Nuvali and Westborough Park
Commercial Leasing (EBITDA)
Shopping Centers 69% 65% Higher occupancy, lower DOEs and improved performance of new malls
Office 90% 87% Higher occupancy and average rental of existing buildings, positive contribution of new offices
Hotels & Resorts 28% 28% Sustained performance of hotel operationsServices (EBITDA)
Construction and Property Management
14% 11% Higher margins from GAE savings and DOE efficiency
2011 2012 2013 2014 2015
Other Vismin
Other Luzon
Other MM
FTI
Manila
Vertis
Cebu
Alabang
BGC
Nuvali
Makati
27
Continued diversification into new growth centers
27%
24%
]]
]
32% ]36%
NIAT contribution per business center
]34%
28
Continued build up of recurring income business
* Excludes NIAT from services. Target is to increase the recurring income contribution to 50% by 2020
NIAT contribution per core business segment*
2011 2012 2013 2014 2015
Hotels & Resorts
Office
Malls
Comm'l / Ind'l Lots
Bellavita
Amaia
Avida
Alveo
ALP
]]
38% ]36%
29%
]27%
]34%
Healthy Balance Sheet to support growth
29
*Includes FVPL (financial assets at fair value through profit and loss) **Equity is inclusive of minority interest
Balance Sheet December DecemberChange %
(in P millions) 2015 2014
Cash & Cash Equivalents* 19,540 34,587 (15,047) -44%Total Borrowings 130,996 124,666 6,330 5%Stockholders’ Equity 149,825 121,996 27,829 23%
Current Ratio 1.14 1.22 - -Debt-to-Equity Ratio** 0.87 1.02 - -Net Debt-to-Equity Ratio** 0.74 0.74 - -Return on Equity 14.7% 14.4% - -
201320122011
Fixed58%
Float42%
Fixed53%
Float47%
Fixed69%
Float31%
Fixed74%
Float26%
2014
As of December 31, 2015Total Borrowings: Php131B, Short-term Php10.5B
30
Fixed84%
Float16%
2015
0.62.0
2.9 2.6
6.6
3.5
5.1
8.8
4.3
8.5
13.1
15.7
12.9
14.4
9.7
15.1
8.0 8.5
2.0
10.5
7.9%7.3%
6.2%
5.3% 5.1%4.5%
4.7%
0
2
4
6
8
10
12
14
16
18
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
Short-term Debt Maturity(in Php Billions)
Long-term Debt Maturity(in Php Billions)
Borrowing Cost
Debt mix and maturities at manageable levels
Capex spend at P82b
31
Historical Capex(In Php billions)
FY 2015 Capex Spend(In Php billions)
Land Acquisition
28%
Residential40%
Malls11%
Offices8%Hotels
2%
Estate Developme
nt4%
Others*7%
2531
39
5159
5
41 27
3223
2011 2012 2013 2014 2015
Project Completion Land Acquisition
P30b
P72bP66b
P83b P82b
* ALI Capital, Services and other investments e.g MCT BHd
2011 2012 2013 2014 2015
ALP
Alveo
Avida
Amaia
BellaVita
• Sales take-up of P105.3b (average of P8.8b in monthly sales)
• Overseas Filipino Sales : P26.7b (25% of total sales)
• Booked sales of P74.9b
Residential: Sales take-up 4% higher yoy
32
Sales Take-Up (In Php Bn)
51.7
77.6
91.9101.7 105.3
2011 2012 2013 2014 2015
ALP
Alveo
Avida
Amaia
BellaVita
Booked Sales (In Php Bn)
33..3
51.5
67.8
76.7 74.9
1219
48
65
99
122129
2009 2010 2011 2012 2013 2014 2015
Unbooked Revenues
33
• Unbooked revenues up 6% yoy (P129b vs P122b in 2014)
• 2.3x residential revenues in FY2014 (P55.9b)
Steady build-up of unbooked revenues
(in Php Billions)
• Key Mall Space Completed (2015): 124K – Solenad 3 (40K)
– UP Town Center Ph1B (23K)
– Serin (11K)
– Circuit Lane (12k)
– Atria (8K)
– Legazpi (3k)
– Expansion (Trinoma & Marquee) (27k)
• Average Occupancy Rate: 94%
• Average Mall Lease Rate:
P1,155/sqm/month (up 1% yoy)
• Same Store Sales Growth: 3%
• Same Mall Rental Growth: 8%
34
Shopping Centers: GLA up 8% to 1.45m sqm GLA
Circuit Lane Makati (Sep) 12KGLA
Serin Tagaytay (Mar) 11K GLA
Solenad 3 Nuvali (Aug) 40K GLA
UP Town Center 1B (Sep) 23k GLA
Shops Atria (May) 8K GLA
Manila Bay (Nov)232K GLA
Central Block Cebu IT (Mar)42K GLA
Park Triangle (Feb)24K GLA
Capitol Central Bacolod (Mar)74K GLA
35
Shopping Centers Update
Completion Mall GLA (in k sqm)
2016 Lio El Nido 3
(177k) Vertis North QC 47
Legaspi 15
Southpark alabang 47
Riverside 1
UPTC Ph2 33
BHS Central ear lot 3
The 30th/Sunrise 28
2017 Feliz 80
(152k) Cloverleaf* 39
Circuit Mall Ph1 33
2018 Citygate 10
(480k) Park Triangle Retail* 24
Arca South Ph1 73
Capitol Central* 74
Circuit Mall Ph2 25
Central Bloc* 42
Manila Bay Area* 232
2019 ATG retail T2* 9
(9k)
Under Construction: 818k sqmShopping spaces key launches in 2015: 419k GLA
ATG T2 Retail (Jun)9K GLA *Mall spaces launched in 2015
Cloverleaf Mall (Aug)39K GLA
• Key Office Space Completed (2015): 78K GLA– BGC Corporate Center (27K)
– ATC Alabang BPO (18K)
– Boni Stopover (17K)
– Ebloc 4 (16K)
• Total Offices GLA: 715k sqm
• Average Occupancy Rate: 84%*
• Average Lease Rate:
P698/sqm/month (up 3% yoy)
• Leased-out rate: 94%
36
BGC Corp Center(27kGLA)
ATC BPO Alabang(18k GLA)
Bonifacio Stopover(17k GLA)
Ebloc 4(16kGLA)
* Includes new office spaces leased for fit-out. Occupancy (stable) ~ 94%
Offices: GLA up 17% to 715K sqm GLA
Offices Update
BGC Corporate Center (Feb)(34K GLA) 37
Under Construction: 715GLA
Completion Office GLA (in k sqm)
2016 The 30th Sunrise 47
(189k) Centrio 9
Boni Stopover 18
Vertis 1 41
PSE at BGC 29
ACC Cebu BPO 29
UP Technohub Bldg P* 10
UPIS 6
2017 Vertis 2 42
(177k) Circuit 1 45
Arca South BPO 1 33
Circuit 2 26
Citygate Ph1 HQ 19
Southpark BPO 12
2018 Arca South BPO 2 47
(193k) Citygate Ph1 BPO 37
Vertis 3 36
Manila Bay (BPO)* 18
BGC Corp Center 1 26
eBloc 5 29
2019 Arca South BPO 3 17
(90k) eBloc 6 39
BGC Corp Center 2* 34
2020 ATG T2* 66
(66k)
Offices spaces launches in 2015: 128k GLA
Manila Bay Area (Nov)(18k GLA)
ATG Tower 2 (Jun)(66k GLA)
UP Bldg P (May)(10k GLA)
*Office spaces launched in 2015
Hotels and Resorts: 2,324* rooms in operation
38
FY 2015 Hotels Resorts
No. of rooms in operation
Branded: 1,294*Seda: 817
El Nido Resorts: 213
Revpar/night P3,888(up 1%)
P7,557(up 13%)
Average room rate
P5,321(up 1%)
P13,078(down 7%)
Average occupancy
73% (up .4 pts)
58% (up 10 pts)
Key opening in 2015: 152 Rooms
Seda Iloilo(152 Rooms)
*includes Intercon (333 rooms) closed for redev on January 01, 2016
Completion Hotel No. ofRooms
2016 El Nido B&B 2* 42Seda Bacolod* 154
2017 Seda Vertis North 438Seda Lio 153
2018 Seda Circuit 255Seda Arca South 265Seda CITP 214Seda BGC Expansion 341
2019 Seda GatewayMakati
293
Seda Bay Area* 351
2020 Mandarin Oriental* 275
39
Hotels and Resorts UpdateUnder Construction: 2,781 RoomsKey Launches in 2015 : 822 Rooms
Mandarin Oriental (June)275 Rooms
SEDA Bay Area (Nov)351 Rooms
SEDA Bacolod (March)154 Rooms
Lio B&B (Dec)42 Rooms
*Hotels launched in 2015
Capex projection for FY16 of P85b
Capex Spend2016
(in Pb)
Land Acquisition 15
Residential development 34
Malls 14
Offices 7
Hotels and Resorts 3
Estate Development 4
Others* 7
Total 85
Land Acquisition,
18%
Residential development
40%
Malls 16%
Offices 8%
Hotels and Resorts 4%
Estate Development
5%Others* 9%
* ALI Capital, Services and other investments e.g MCT BHd
In Summary
• The Philippine Economy’s strong fundamentals support the growth of the Real Estate sector
• Ayala Land is uniquely positioned to take advantage of the growth prospects in the Real Estate sector
• Ayala Land has the solid track record and has clear strategies under its 2020-40 Plan that will enable the Company to achieve sustainable and balanced growth
41
Why invest in ALI?
42
• Strategy supported by growth drivers of the resilient Philippine economy
• Market leading platform of building large scale, mixed-use communities
• Consistently launching new growth centers nationwide
• Broad based and complementary product Lines
• Proven track record
• Strong management and corporate governance
Makati1960 Today
NUVALI 2006 Today
Bonifacio Global City 2000 Today
INVESTOR COMMUNICATION
and COMPLIANCE
30F Tower One and Exchange
Plaza, Ayala Triangle, Ayala
Avenue, Makati City
T +9083676
F +632 7506790
iru@ayalaland.com.ph
www.ir.ayalaland.com.ph
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Institutional InvestorBest Investor Relations Program – Sell Side (Third)Best CEO – Sell Side (Third)Philippines’ Best Company (2nd)
Frost and SullivanCustomer Value LeadershipBuilder of the Year
Finance AsiaBest Investor Relations CompanyMost Committed to paying good dividends (Third)Best Corporate Governance (2nd)Best Managed Public Company in Phils (2nd)Best CFO in the Philippines
Corporate Governance AsiaBest Investor Relations CompanyBest Environmental ResponsibilityAsia’s Best CFO (Investor Relations)Asia’s Best CEO (Investor Relations)
EuromoneyOverall Best Managed Company Asia – By Country
Awards and Recognition (2015)