Escolar Documentos
Profissional Documentos
Cultura Documentos
October 2014
Key Messages
Ayala Land is in a strong position to benefit from the Philippine growth story,
with major businesses aligned with key drivers of the economy.
We are the most diversified property conglomerate with a solid track record
in developing large scale, integrated, mixed-use and sustainable communities.
Debt-to-GDP
54.8%
7.6%
6.8%
7.2%
6.4%
52.4%
51.0%
51.5%
3.7%
2010
49.2%
2011
2012
2013
Q2 2014
2010
2013
Q1 2014
4.9%
4.6%
3.8%
$75.3b
2011
2012
Inflation Rate
2010
2011
3.2%
3.0%
2012
2013
$83.8b
$83.2b
$80.6b
2012
2013
Jul-14
$62.4b
Jul-14
2010
2011
6.6%
5.7%
5.7%
5.8%
$19b
$21b
$20b
$23b
$24b (F)
3.4%
$11.4b
(H1)
2010
2011
2012
2013
Q1 2014
2010
2011
BPO Revenues
2012
2013
2014
Tourist Arrivals
$18b (F)
6m (F)
$16b
$13b
$11b
3.5m
$9b
3.9m
4.3m
4.7m
2.4m
(H1)
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
Key Messages
Ayala Land is in a strong position to benefit from the Philippine growth story,
with major businesses aligned with key drivers of the economy.
We are the most diversified property conglomerate with a solid track record
in developing large scale, integrated, mixed-use and sustainable communities.
Key Shareholders
48.9%
Public
Bicol
Region
Southern
Tagalog
51.1%
Western
Visayas
(Foreign:23%)
CAR
P468B
Eastern
Visayas
Central
Visayas
P351B
P215B
Northern
Mindana
o
Southern
P159B
Mindanao
2009
2010
2011
2012
2013
Aug-14
Cebu
Nuvali
1960
1990
2000
2006
Today
Today
Today
Today
Entertainment District
City Center of QC
Negros Occidental
(215 has.)
Iloilo
(21 has.)
Cagayan De Oro
(31 has.)
Davao
(10.1 has.)
Quality Living
Emerging Business
District
Commercial District
Commercial District
10
Commercial
Leasing
Hotels and
Resorts
Services
Residential
5 brands serving
different income
segments
Shopping Centers
43 shopping centers
1.3m GLA
93% occupancy
Hotels
Branded (1,294 rooms)
Construction
175 projects
P75b net order
book (98% ALI, 2% 3rd
Offices
5 HQ (72k GLA)
37 BPO (509k GLA)
91% occupancy
95% leased
(Intercon, Marriott,
Raffles, Holiday Inn)
party)
Commercial/
Industrial Lots
Arca South (8.8
has.)
Nuvali (200 has.)
Laguna Technopark
(389 has.)
Resorts
El Nido (203 rooms)
Property
Management
271 Facilities
P1.6b outstanding
contract value
(97% ALI, 3% 3rd party)
11
Key Messages
Ayala Land is in a strong position to benefit from the Philippine growth story,
with major businesses aligned with key drivers of the economy.
We are the most diversified property conglomerate with a solid track record
in developing large scale, integrated, mixed-use and sustainable communities.
12
27%
24%
22%
19%
Other Vismin
Other Luzon
34%
Other MM
FTI
Manila
Vertis
Cebu
Alabang
BGC
Nuvali
Makati
2009
2010
2011
2012
2013
H1 2014
13
Class
Monthly
Income
HH%
# of HH
AAA
250K up
0.1%
18 K
AA
A
180K - 250K
120K - 180K
0.1%
0.5%
29 K
98 K
50K - 120K
5.7%
1,217 K
C+
30K - 50K
10.6%
2,281 K
C/C-
15K - 30K
25.2%
5,936 K
DE
15K below
57.8%
12,387 K
43%
]
]
44%
39%
45%
Services
Hotels & Resorts
Office
40%
Malls
Comm'l / Ind'l Lots
Bellavita
Amaia
Avida
Alveo
ALP
2009
2010
2011
2012
2013
H1 2014
CAR
Baguio
Pangasinan
Pampanga
Tarlac
Central Bataan
Bulacan
Luzon
CaviteMetro Manila Bicol
Batangas Region
Southern
Tagalog
Western
Visayas
994
In City*
Palawan
5,695
3,930
443
2009
4,411
576
2010
4,885
708
Eastern
Visayas
Iloilo
Negros Occidental
Cebu
Central
Visayas
560
Cagayan de Oro
2011
2012
2013
Existing
New
Northern
Mindana Davao
o
Southern
Mindanao
16
Key Messages
Ayala Land is in a strong position to benefit from the Philippine growth story,
with major businesses aligned with key drivers of the economy.
We are the most diversified property conglomerate with a solid track record
in developing large scale, integrated, mixed-use and sustainable communities.
17
Margin Improvement
Reduced costs
4.0
2009
5.5
2010
2011
2012
2013
2014F
Capital Efficiency
Increased leverage
Higher dividends
Organizational Development
Enterprise-wide risk management
Training and decentralization
Brand-Building
Customer service
Product differentiation
12%
13% 13%
15%
10%
8%
2009
2010 2011
Actual
Mall Expansion
Offices
Under construction
1,783
Hotels
1,264
Under construction
1,346
257
266
993
1,007
1,080
2009
2010
2011
Offices Build-up
Operational
Launches
1,530
1,558
150
342
287
304
1,188
1,271
1,329
2012
2013
2014
Hotels Roll-out
Operational
Launches
Under construction
Launches
3,934
386
38
348
2009
549
591
154
162
395
429
2010
2011
749
799
1,100
240
237
262
509
562
581
2012
2013
2,894
926
1,929
893
846
462
1,467
2,001
2,162
2012
2013
2014
257
2014
1,399
1,549
615
765
784
784
784
2009
2010
2011
19
Shopping Centers
Office
Hotels &
Resorts
OFFICES
Regional
Construction
Property
Management
Shared
Services
20
Investment
Committee
Finance
Treasury
Procurement
Corporate
Working Group
Innovation
and Design
Master
Planning
Land
Acquisition
Risk
Management
Subsidiaries
21
Key Messages
Ayala Land is in a strong position to benefit from the Philippine growth story,
with major businesses aligned with key drivers of the economy.
We are the most diversified property conglomerate with a solid track record
in developing large scale, integrated, mixed-use and sustainable communities.
22
1H 2014
26%
P46.2B
P36.6B
25%
P5.6B
Total Revenues
P7.1B
Revenue Breakdown
(in P millions)
Property Development
Residential
Office for Sale
Comml/Indl lots
31,087
26,067
827
4,193
23,819
18,374
261
5,184
Commercial Leasing
Shopping Center
Office
Hotels and Resorts
10,364
5,520
2,096
2,748
8,493
5,036
1,596
1,861
Services
Gross Construction
Property Mgmt.
14,574
14,100
474
10,503
9,892
611
(11,277)
44,749
1,449
46,198
(7,026)
35,790
844
36,634
Interco Adjustments
Real Estate Revenues
Interest & Other Income
Total Revenues
7,268 31%
7,692 42%
566 217%
-990 -19%
1,870
484
500
887
22%
10%
31%
48%
4,072 39%
4,208 43%
(137) -22%
(4,251)
8,959
605
9,564
61%
25%
72%
26%
Net Income
23
1H 2014
1H 2013
40%
42%
34%
38%
51%
34%
34%
35%
Shopping Centers
62%
62%
Office
83%
80%
29%
18%
Services (EBITDA)
10%
8%
Property development
(Gross profit)
Residential
Horizontal
Vertical
Office for Sale
Commercial and
Industrial Lots
24
June
2014
December
2013
Change
48,900
40,778
8,122
20%
118,930
102,690
101,902
98,470
17,028
4,220
17%
4%
1.46
1.45
6.4
6.5
Debt-to-Equity Ratio
1.16
1.04
0.68
0.61
Return on Equity
14%
13%
*Includes FVPL (financial assets at fair value through profit and loss)
**Attributable to equity holders of ALI
25
7.3%
16
16.7
6.2%
14
Short-term loans
5.3% 5.1%
12
10.5
4.4%
6.6
2.0
8.0
5.6
8.0%
7.0%
5.0%
8.1
9.0%
6.0%
10
7.9%
6.1
5.5
4.0%
6.9
3.0%
2.0%
2.9 2.6
2.0
2.0
0.9
0.6
1.0%
0.0%
09
10
11
12
13
14
15
16
17
18
2011
20
21
22
23
24
Float
47%
Float
42%
Fixed
58%
19
Fixed
53%
2012
25
26
27
28
29
30
2013
32
33
Float
22%
Float
31%
Fixed
69%
31
Fixed
78%
End-June 2014
26
Capex Schedule
FY
Target
Land Acquisition
Project Completion
Land
Acquisition:
P13.2b
P72b
P66b
P70b
40%
P30b
60%
Project
Completion
P19.7b
P16b
P21b
13
18
2009
2010
50
25
2011
31
2012
39
2013
2014T
27
24.2 24.2
ALP
23.9
21.3
1H 2014
vs 1H 2013
Alveo
Avida
Sales Take up
up 11%
Amaia
Bookings
up 7%
BellaVita
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
2012 2012 2012 2013 2013 2013 2013 2014 2014
ALP
Alveo
11.0
22.0
17.5
16.5 16.3
14.1
13.1
Avida
Amaia
BellaVita
2Q
2012
3Q
2012
4Q
2012
1Q
2013
2Q
2013
3Q
2013
4Q
2013
1Q
2014
2Q
2014
28
Arbor Lanes
Lumira
High Park
65
Verve
48
12
2009
The Courtyards
19
2010
2011
2012
2013 1H 2014
Amaia Steps
Nuvali
29
30
304k sqm
Mall
Circuit Mall
59
Solenad 3
47
Vertis
47
SouthPark Alabang
47
Paradigm Pasig
28
UP Town Center
26
24
Circuit Lane
10
Shops at Atria
Boni Stopover
McKinley Exchange
SouthPark
Circuit
31
Building N
Building O
32
Offices Update
Offices under construction:
Circuit
350k GLA
Name
Paradigm Corp Center
Circuit
Vertis
SouthPark BPO
Boni Stopover
AC Cebu Corp Center
PSE @ BGC
BGC Corp Center
ATC BPO
Cebu eBloc 4
McKinley Exchange
Fairview BPO
UP Town Center BPO
McKinley Exchange
BGC Corp
Center
ATC BPO
SouthPark
Cebu eBloc 4
33
Hotels
Resorts
No. of rooms
in operation
Branded: 1,294
Seda: 665
El Nido Resorts:
203
Revpar/night
P3,816
(up 47% )
P8,011
(up 23%)
Average
room rate
P5,321
(up 5%)
P15,005
(up 4%)
Average
occupancy
72%
(up 20 pts)
53%
(up 9 pts)
El Nido
34
Seda Vertis
846 rooms
Seda Circuit
35
o
o
o
o
o
Value of Launches
(in billion Pesos)
140
142 (F)
108
107
90
62
62
10
52
11
20
32
35
2010
2011
2012
2013
2014
36
37
38
Thank You.
INVESTOR RELATIONS
30F Tower One and Exchange Plaza, Ayala Triangle, Makati City
T +9083676 F +632 7506790
iru@ayalaland.com.ph
www.ayalaland.com.ph