Half 2017 Analysts’ Briefing - Cebu Landmasters · Launched Php7.09 billion worth of projects in...

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1st Half 2017 Analysts’ BriefingAugust 9, 2017

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Agenda

Project Updates

Financial Highlights

Q & A


▪ Outstanding financial growth in 1H 2017

▪ Revenue up by 107% YOY

▪ NIAT increased by 164% YOY

▪ Balance sheet geared to support expansion, Total assets reached Php8.9 billion from Php5.4 billion last year

▪ IPO proceeds utilized ahead of schedule, 15.4% of the Php2.02 billion Net proceeds already employed in key land acquisitions and Joint Venture Investments.

▪ Launched Php7.09 billion worth of projects in the 1st Half of 2017 out of the Php17.7 billion target for the year

▪ Reservation sales up by 155% Y-O-Y – almost breached the entire 2016 sales figure.

▪ CLI on track to surpass Php1.2 billion net income year-end target.

1st Half Key Highlights


AGENDA


Q & A

Project Updates


Income Statement(Php in millions)

1H 2017 1H 2016 % Change

Revenue 1,807 875 107%

Real Estate 1,788 859 108%

Leasing Income 19 16 21%

Cost of Sales 890 468 90%

Gross Profit 918 407 126%

Operating Expenses 234 154 52%

Other Operating Income 4 5 -20%

Other Non-Operating inc(Charges) (35) (6) 455%

Net Income before Tax 653 252 160%

Income Tax 20 12 65%

Net Income after Tax 634 240 164%

PROFITABILITY RATIOS

Gross Profit Margin 51% 46%

OPEX Ratio 13% 18%

NIAT Margin 35% 27%

Return on Equity (1H) 15% 15%

Return on Assets (1H) 7% 4%

Earnings per share (1H) 0.37 0.19

▪ Real estate revenues

increased by 107%

▪ Profitability margins

further improved

▪ Net Income grew

164% YOY

Outstanding financial growth in H1 2017


Balance Sheet(Php in millions)

As of June 2017

As of Dec 2016

Inc(Dec)

Total Current Assets 7,899 4,404 3,495

Total Non-current Assets 1,032 966 65

Total Assets 8,931 5,370 3,561

Total Current Liabilities 2,677 2,060 618

Total Borrowings 2,079 1,749 330

Total Liabilities 4,756 3,809 947

Share Capital 1,714 1,284 430

Share Premium 1,616 - 1,616

Retained earnings 845 277 567

Total Stockholders' Equity 4,175 1,561 2,614

Total Liabilities & Stockholders' Equity 8,931 5,370 3,561

STABILITY

Debt/ Equity Ratio 1.14 2.44

Interest Coverage Ratio 39.62 46.45

LIQUIDITY

Current Ratio 2.95 2.14

▪ Assets reached

Php8.9 billion from

Php5.4 billion last

year

▪ Consistently

maintained healthy

ratios

Balance sheet geared to support expansion


Bacolod Land Purchase 127,500,000

Dumaguete Land Purchase 30,792,995

CDO Land Purchase 66,711,925

Bogo Land Purchase 10,643,454

Investment in YES, Inc. 76,933,843

Total Proceeds used 312,582,217

Unused proceeds 1,712,439,768

▪ Spent 15.4% of the IPO

proceeds to date

▪ Proceeds used to purchase

key land acquisitions and

invest in Joint Ventures

IPO proceeds utilized ahead of schedule


▪ CLI targets to launch 14 projects

worth P17.7B in 2017

Launched P7.09B worth of projects during the 1st

Half of 2017

Casa Mira South Phase 1 0.79B

Latitude Corporate Center 0.73B

MesaTierra Garden Residences 0.68B

38 Park Avenue 1.93B

Mivesa Residences Phase 3 0.46B

MesaVirre Bacolod 1.79B

Casa Mira Coast Sibulan 0.70B

Total Project Value 7.09B

P17.7B worth of Projects in 2017

H2 2017 Launches10.61


1,179

1,642

2,111

1,799

2,9462,837

2012 2013 2014 2015 2016 1H 2017

Reservation Sales

▪ Reservation sales grew 155% YOY,

from Php1.1 billion to Php2.8 billion

H1 2017 Reservation sales almost breached 2016 full sales figure


AGENDA


Project Updates

Q & A


42 Developments in 7 Key Cities:Cebu, Davao, CDO, Dumaguete, Bohol, Bacolod, and Iloilo

• San Josemaria Village- Balamban

• San Josemaria Village- Minglanilia

• San Josemaria Village- Toledo

• San Josemaria Village- Talisay

• Villa Casita

• Villa Casita Bogo, Cebu

• Midori Plains

• Midori Residences

• Velmiro Heights Phase 1

• Velmiro Heights Phase 2

• Casa Mira South Phase 1



• Asia Premier Residences

• Base Line Residences

• Base Line Premier Residences

• Base Line HQ

• Base Line Center Retail

• Base Line Hotel 2

• Citadines Cebu

• Mivesa Garden Residences Phase 1



• Casa Mira Towers Labangon

• Casa Mira Towers Guadalupe Cebu

• Park Centrale Cebu

• 38 Park Avenue

• Latitude Corporate Center

• AS Fortuna Mall

• AS Fortuna Residences

• AS Fortuna Hotel• MesaTierra Garden Residences

• Davao Riverside Mixed-Use

• Davao Matina CBD

• Casa Mira Coast, Dumaguete

• Casa Mira Bacolod

• Casa Mira Iloilo

Cebu (28)

Davao (3)

Iloilo (1)

Dumaguete (1)

• MesaVerte Residences Phase 1

• MesaVerte Residences Phase 2

• Velmiro Heights, CDO

• Casa Mira, Panglao

Bohol (1)

Bacolod (1)

Cagayan de Oro (3)


Residential

Subdivision

•••••

San Josemaria Village, Balamban

San Josemaria Village, Minglanilia

San Josemaria Village, Toledo San

Josemaria Village, Talisay Villa

Casita, Cebu

••

Midori Plains, Cebu

•Velmiro Heights Phase 1, Cebu

Velmiro Heights Phase 2, Cebu

•••••••••

Casa Mira South Phase 1, Cebu



Casa Mira Coast, Dumaguete

Velmiro Heights, CDO

Casa Mira Iloilo

Casa Mira Bacolod

Casa Mira Panglao

Villa Casita Bogo, Cebu

Residential

Condominiums

••

Asia Premier Residences, Cebu

Base Line Residences, Cebu

• Midori Residences, Cebu

• Mivesa Garden Residences Phase 1, Cebu

• Mivesa Garden Residences Phase 2, Cebu

•••••

••

Casa Mira Towers, Labangon MesaVerte

Residences Phase 1, CDO MesaVerte

Residences Phase 2, CDO 38 Park Avenue,

Cebu

Mivesa Garden Residences Phase 3, Base

Line Premier Residences, Cebu MesaTierra

Garden Residences, Cebu MesaVirre

Garden Residences, Cebu Bacolod Casa

Mira Towers Guadalupe AS Fortuna

Residences

Commercial

Projects

•••••••

Park Centrale, Cebu

Base Line HQ

Base Line Center Retail Latitude

Corporate Center

AS Fortuna Mall

Davao Riverside Mixed-Use

Davao Matina CBD

Hotels

•••

Citadines Cebu

Base Line Hotel 2

AS Fortuna Hotel

As of June 2017

17 Subdivisions, 14 Condominiums,8 Commercial Projects, and 3 Hotels

•••


Residential

Subdivision

• San Josemaria Village, Balamban

••••

San Josemaria Village, Toledo

San Josemaria Village, Talisay

Villa Casita, Cebu

•• Velmiro Heights Phase 1,

Midori Plains, Cebu

Cebu

• Velmiro Heights Phase 2, Cebu

•••




••••••

Casa Mira Coast, Sibulan

Velmiro Heights, CDO

Casa Mira Iloilo

Casa Mira Bacolod

Casa Mira Panglao

Villa Casita Bogo, Cebu

Residential

Condominiums

San Josemaria Village, Minglanilia•

••••

Asia Premier Residences, Cebu

Base Line Residences, Cebu

Midori Residences, Cebu

Mivesa Garden Residences Phase 1, Cebu


•••• 38 Park Avenue, Cebu

••

Base Line Premier Residences, Cebu

MesaTierra Garden Residences, Cebu

••

MesaVirre Garden Residences, Bacolod

Casa Mira Towers Guadalupe Cebu

AS Fortuna Residences, Cebu

Commercial

Projects

• Park Centrale, Cebu

Casa Mira Towers, Labangon MesaVerte

Residences Phase 1, CDO

MesaVerte Residences Phase 2, CDO ••


Base Line HQ,

Base Line Center Retail,

Latitude Corporate Center

•

AS Fortuna Mall, Cebu Davao

Riverside Mixed-Use

Davao Matina CBD

Hotels

• Citadines Cebu

••

Base Line Hotel 2 Cebu

AS Fortuna Hotel Cebu

As of June 2017

Development

Stage

COMPLETED/

ONGOING

TURNOVER

ONGOING

CONSTRUCTION

TO BE LAUNCHED/ PIPELINE

14 Completed, 14 Ongoing, and 14 projects To Be Launched

• •

•••

www.cebulandmasters.com As of July 2017

Residential Mix

Total of 16,006 units, 42 developments in various stages of construction amounting to P45.026B

Project Mix


Building up of Commercial + Hotel Portfolio

Casa Mira Cost, Sibulan

550 units Launch

date: Q4 2017

COMMERCIAL/HOSPITALITY PROJECTS UNDER CONSTRUCTION

HOTEL: Citadines, Cebu Start of Operations: December 2018

RETAIL: Asia Premier, Base Line, Mivesa, Midori

100% Leased Retail Storefronts

1

2

3

4 OFFICE: Latitude Corporate Center, CebuStart of Operations: Q4 2019

OFFICE: Park Centrale Cebu100% Leased, Cebu IT Park


Building up of Commercial + Hotel Portfolio

COMMERCIAL/HOSPITALITY PROJECTS UNDER CONSTRUCTION

RETAIL/OFFICE: Base Line Center, CebuStart of Operations: Q4 2018

5

RETAIL/HOTEL: AS Fortuna, Cebu Start of Operations: Q2 2020

6

7

8

RETAIL: 38 Park Avenue, CebuStart of Operations: Q3 2020

9

RETAIL/HOTEL: Riverside, DavaoStart of Operations: Q4 2020

RETAIL/HOTEL/OFFICES: Matina Business District, Davao

Start of Operations: Q4 2021


Latitude Corporate Center

Cebu Business Park Launch

Date: November 2016

38 Park Avenue

IT Park Cebu Launch

Date: March 2017

MesaTierra Garden Residences

Davao City Launch

Date: March 2017

Casa Mira South

Naga City Launch

Date: April 2017

Newly Launched Projects


Baseline Center CebuTop Off Date: Q4 2017

Casa Mira Towers LabangonTop Off Date Tower 1: June 2017| Tower 2: Q4 2017

MesaVerte CDOTop Off Date Tower 1&2: Q3 2017 | Tower 3 Q4 2017

Ongoing Construction

Casa Mira Linao725 Units | Ongoing Turnover of Units


Latitude Corporate CenterOngoing site excavation

Ongoing Construction

Casa Mira SouthOngoing site development

38 Park Avenue Ongoing site excavation


Ongoing Turnover

Velmiro Heights

144 turned over as of July 2017

Mivesa Residences

455 turned over as of July 2017


Key Launches for H2 2017

AS Fortuna, Cebu City10,000 sqm retail, 467 residential units and

158 hotel units

Launch date: Q4 2017

Casa Mira Cost, Sibulan

550 units Launch

date: Q4 2017

• Velmiro Heights, CDO

• Casa Mira Iloilo

• Casa Mira Bacolod

• Villa Casita Bogo, Cebu

• Casa Mira Towers Guadalupe, Cebu

• Base Line 2, Cebu

More projects to be launched


▪ Outstanding financial growth in 1H 2017

▪ Revenue up by 107% YOY

▪ NIAT increased by 164% YOY

▪ Balance sheet geared to support expansion, Total assets reached Php8.9 billion from Php5.4 billion last year

▪ IPO proceeds utilized ahead of schedule, 15.4% of the Php2.02 billion Net proceeds already employed in key land acquisitions and Joint Venture Investments.

▪ Launched Php7.09 billion worth of projects in the 1st Half of 2017 out of the Php17.7 billion target for the year

▪ Reservation sales up by 155% Y-O-Y – almost breached the entire 2016 sales figure.

▪ CLI on track to surpass Php1.2 billion net income year-end target.

In Summary

www.cebulandmasters.comwww.cebulandmasters.com

1st Half 2017 Analysts’ BriefingAugust 9, 2017

Half 2017 Analysts’ Briefing - Cebu Landmasters · Launched Php7.09 billion worth of projects in...

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