Escolar Documentos
Profissional Documentos
Cultura Documentos
1 Financial Highlights
8 Residential Division
14 Hotels Division
18 Board of Directors
FINANCIAL HIGHLIGHTS
2015 2014 2013 2012 2011
FOR THE FISCAL YEARS ENDED SEPTEMBER 30
(in Million Pesos)
GROSS REVENUES
REVENUES NET INCOME
(in Million
n Pesos) (in Million Pesos)
20,000 6,000
18,000 5,250
16,000 4,500
14,000 3,750
12,000 3,000
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
TOTAL A
ASSETS
SSE
SETS STOCKHOLDERS’
ST
TOCKH
HOLDE
DERS
R ’ EQUITY
EQ
QUI
U TY
(in
(in Mi
M
Million
lllio
ionn Pe
Pesos)
P eso
sos)
s) (in
(in Million
Miill
M ill
llio
ion
ion Pe
P
Peso
Pesos)
eso
sos)
s)
s)
100,000 60,000
90,000 52,500
80,000 45,000
70,000 37,500
60,000 30,000
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
The Philippine economy remains resilient and continues Our Commercial Centers Division contributed
to grow albeit at a slower pace than previous years. 46% to the Company’s total revenues. Its revenues
It grew by 5.8% in 2015 backed by robust consumer increased by 13% to Php9.12 billion from Php8.10
spending as well as increases in investments by the billion in the previous year. The increase was attributed
private sector coupled with the steady flow of overseas to the steady growth in lease revenue of our existing
Filipino workers (OFW) remittances, business process malls and the contribution of newly opened malls,
outsourcing (BPO) growth and increased tourist visitor namely, Robinsons Place Las Piñas and Robinsons Place
arrivals. Antique, and expansion of Robinsons Novaliches. Our
malls’ enterprise-wide occupancy rate was at 96%.
In fiscal year 2015, Robinsons Land Corporation (RLC) Same mall revenue growth stood at 7%. EBITDA rose
posted a remarkable increase in net income of 20% by 12% to Php6.20 billion while EBIT grew by 10%
to Php5.70 billion from Php4.73 billion. This is due to Php3.79 billion. As of end of fiscal year September
to double digit revenue growth of 16% to Php19.73 2015, our total gross leasable space increased by 4%
billion from Php17.05 billion the previous year. Total to 1,095,000 sqm from previous year’s 1,056,000
Company EBITDA expanded by 19% to Php10.70 sqm with a total of 40 shopping malls, 9 of which
billion from Php8.97 billion. Our investment portfolio, are located within Metro Manila and 31 of which are
composed of our commercial centers, offices and hotels located in other urban areas in the country.
businesses, contributed 83% of the total RLC EBITDA
while our development portfolio, composed of the four Our Office Buildings Division registered the biggest
residential brands, accounted for the remaining 17%. growth in fiscal year 2015 with a revenue increase of
EBIT climbed by 21% to Php7.55 billion from Php6.24 45% to Php2.24 billion from the previous year’s Php1.54
billion in 2014. billion. This accounted for 11% of the Company’s total
Lance Y. Gokongwei
Director, Vice Chairman
and CEO
revenues. EBITDA expanded by 43% to Php2.11 billion This was attributed to the positive performance of all
and EBIT was up by 50% to Php1.57 billion. This is due our hotel properties. We opened our first Go Hotels
to the full year revenue contribution of the 2 new office branch in Mindanao in Butuan City last December
buildings, namely, Cyberscape Alpha and Cyberscape 2014 and our first Summit Hotel in Metro Manila,
Beta which were completed in March 2014. We are Summit Hotel Magnolia, in the Magnolia Town Center
happy to announce that we finished ahead of schedule last January 2015 bringing our total room count for our
the construction of Tera Tower located in our newest 14 hotel properties to 2,174 rooms. This is an increase
8-hectare mixed-use development, Bridgetowne, in of 15% from last year. Our chain-wide occupancy
Quezon City. This has increased our total leasable space stood at 69%. The Division’s EBITDA was up by 18%
by 13% to 310,000 sqm in fiscal year 2015 from the to Php618.9 million while EBIT increased by 26% to
previous year’s 275,000 sqm. Our Company continues Php453.3 million.
to be a leading provider of office spaces to BPOs in the
country, with approximately 70% of our office building Our Residential Division reported a realized revenue
space occupied by BPO tenants. To date, we have 11 growth of 13% to Php6.62 billion from Php5.87 billion
completed office buildings in our portfolio, 10 of which the previous year. The residential division accounted for
are located within Metro Manila and 1 in Cebu City. 34% of the total Company’s revenues. EBITDA grew
All our office buildings have a system-wide occupancy by 25% to Php1.78 billion from the previous year’s
rate of 99%. Php1.42 billion. EBIT was up by 25% to PhP1.74 billion
from Php1.39 billion in 2014. Our net reservation sales
Our Hotels Division generated revenues of Php1.75 were slightly down at Php8.97 billion. Our flattish
billion, an increase of 14% from Php1.53 billion in fiscal sales are quite notable considering we did not launch
year 2014, a 9% contribution to total group revenues. any new residential projects in fiscal year 2015. The
Total assets of the Company stood at Php99.07 billion We continue to be bullish on the growth prospect of
as of September 2015, growing 16% compared to our Office Buildings Division backed by the robust
previous year’s Php85.37 billion. In February 2015, BPO growth in the country. Since we completed
RLC issued Php12 billion fixed rate bonds with rates Tera Tower ahead of schedule and have fully leased
of 4.8% per annum for 7-year tenor and 4.9% per it out prior to its completion, we will be adding 5%
annum for 10-year tenor. These borrowing rates are leasable space in fiscal year 2016 with the completion
record lows as far as RLC is concerned and even for the of office spaces within our malls. In fiscal year 2017,
JG Summit group. At the end of the fiscal year 2015, we will be completing our first office building in the
debt to equity ratio was at 0.44:1, and net financial Bonifacio Global City, Cyber Sigma, adding 15% of
debt to equity ratio remained healthy at 0.42:1. Net office leasable space. In fiscal year 2018, we will be
book value per share increased by 8% to Php13.84 adding 2 new office buildings, Gamma Tower in the
in fiscal year 2015 from Php12.81 in fiscal year 2014. Ortigas Central Business District and Exxa Tower in
the Bridgetown complex, to our office portfolio. By
Our Company’s total capital expenditures amounted to end of fiscal year 2018, we aim to have a total of
Php16.8 billion in fiscal year 2015. approximately 455,000sqm of office leasable space
across our 16 office developments.
OUTLOOK
Frederick D. Go
Director, President
and COO
Robinsons Place Las Piñas, the first The opening of new malls, the full year
Robinsons Mall in southern Metro Manila, impact of malls introduced in 2014 and
is part of a mixed-use complex in the the reopening of Robinsons Place Tacloban
heart of a bustling neighborhood along fueled the growth in revenues. Robinsons
Alabang-Zapote Road. With 2 levels Place Tacloban bounced back with an
of local and global brands and well- upbeat financial performance as the
loved dining concepts, the compact community returned to their beloved mall
mall is a convenient alternative to the with renewed optimism. The International
large commercial developments within
the area. The mall’s sprawling design
Council of Shopping Centers recognized best of the region. Robinsons Galleria Dumaguete, Roxas and Antique. Plans to
the dedication invested in the Tacloban Cebu, as the centerpiece of a well- install more solar rooftops are underway.
mall’s reopening campaign with a Silver designed mixed-use development, brings
Award for Marketing Excellence, besting a new and vibrant shopping experience to Robinsons Malls is further beefing up
other entries from all over Asia Pacific. the Cebuanos, who have complemented its presence outside Metro Manila with
it as the nicest mall in town. the ongoing construction of 4 new
Robinsons Galleria Cebu, the newest provincial malls and 1 mall expansion.
shopping destination in the Queen City The year also saw the move towards These new retail destinations will offer
of the South, held its grand opening last clean and renewable energy with the growth opportunities to retailers and local
December 2015. Incorporating world- installation of off-grid rooftop solar players, while bringing the Robinsons
class architecture and vibrant indoor panels in Robinsons Place Palawan. Malls experience throughout the country.
landscapes, the six-storey commercial With Robinsons Malls’ commitment to Committed to elevating its customers’
complex houses more than 200 tenants preserving the environment and reducing shopping experience, Robinsons Malls
offering an eclectic mix of international, its carbon footprint, it has continued with will continue to provide memorable and
national and local brands showcasing the installing solar panels for malls in Iloilo, delightful destinations that will surely be
loved by all.
Trion Towers
urbanized cities and provinces nationwide sub-brands of Robinsons Homes that can
with different sub-brands catering to the truly be called “pamana” (heritage). As
unique lifestyle of discerning homebuyers. part of its plan to expand its reach, it has
Robinsons Homes receives satisfaction begun development for future projects in
in building nurturing environments for Fiscal year 2015 is a year of celebration Bacolod and Puerto Princesa.
people who aspire to have their own as Robinsons Homes celebrated its 20th
address, growing families who want to year in the industry and looks towards Robinsons Homes invites homeowners to
improve their lifestyle and accomplished a brighter future where it continues to create lasting memories with those they
individuals who deserve the best setting provide families the opportunity to start love and start the good life.
to live in. Dedicated to quality and value, the good life. This year saw the launch
Robinsons Homes offers choice residential of new and elegant house models for
lots in master-planned subdivisions in key the Bloomfields, Brighton and Springdale
Robinsons Offices currently has 11 As part of its expansion plans, Robinsons Robinsons Offices is committed to
completed buildings in its growing Offices is scheduled to complete 2 office providing an exceptional experience to
portfolio within the main business districts developments in Cebu City, Cebu and its tenants as they enjoy easy access to
of Metro Manila and Cebu City, namely, San Nicolas, Ilocos Norte by fiscal year major transportation modes and hubs as
Galleria Corporate Center, Robinsons 2016. With the robust demand for office well as the convenience of being near
Equitable Tower, Cyberscape Alpha and spaces, Robinsons Offices launched shopping malls, residential developments,
Cyberscape Beta in the Ortigas Central 2 more projects in fiscal year 2015. hotels and other business establishments.
Business District; Robinsons Summit Cyberscape Gamma, which has a net
Center in Makati City; Robinsons leasable area of 45,000 sqm, is located
Cybergate Plaza and Towers 1, 2, and 3 in the Ortigas Central Business District,
in Mandaluyong City; Tera Tower on C-5, while the Exxa Tower with a net leasable
Quezon City; and Robinsons Cybergate area of 35,000 sqm is strategically located
Cebu in Cebu City. in its latest I.T. Park, Bridgetowne.
Tera Tower
Go Hotels Bacolod
This year, the first Summit Hotel in Metro GO HOTELS This fiscal year, it opened its first branch in
Manila, Summit Hotel Magnolia, was The first of its kind in the Philippines, the Mindanao region, Go Hotels Butuan,
opened. As the hotel component of the Go Hotels aims to be the preferred hotel bringing the total room count of the
Magnolia Town Center in Quezon City, choice for domestic and foreign travelers Go Hotels chain to 1,226. Go Hotels is
Summit Hotel Magnolia delivers with its seeking value accommodation in the also present in Mandaluyong, Tacloban,
contemporary-designed guest rooms the key cities of the Philippines. Serving Dumaguete, Bacolod, Puerto Prinsesa,
live-work-play promise of the complex. over 1.4 million guests over the last 5 Iloilo, Pasig and Manila.
Spurred by the positive response to the years, every Go Hotel room is equipped
company’s mid-scale hotel brand and with 5-star quality beds, airconditioning, Over the next years, more Go Hotels will
the growing demand in the country for cable television, a safety deposit box, a open in major cities of the country by
quality venues for business and social private bathroom with hot and cold super co-locating within the Robinsons Land
events, more Summit Hotels and Resorts showers, Wi-Fi and more. Go Hotels also mixed-use complexes and also through
are earmarked for development. has meeting facilities in locations where its franchising program.
there is high demand for meeting and
social venues.
The Gift of Sight Screening The Gift of Change Segunda Mana Program
Entrep Corner with Siliman University COMELEC Voter’s Registration at RP Manila Apolinario Mabini Awards
(GSIS); Land Transportation Office (LTO); to Caritas Manila’s Youth Leadership &
Home Development Mutual Fund (PAG- Education Program (YSLEP). YSLEP provides Energy Conservation Program
IBIG); Land Registration Authority (LRA); financial and scholastic assistance to (ENERCON)
National Bureau of Investigation (NBI); scholars and trains and hones the youth The ENERCON program is implemented
Philippine Health Insurance Corporation to be exemplary in academic, social and in all RLC projects, involving simple but
(PhilHealth); Department of Foreign Affairs spiritual aspects. YSLEP is sustained through highly effective energy measures such
(DFA); Securities and Exchange Commission various activities, one of which is Segunda as purchasing low energy consumption
(SEC); Department of Trade & Industry (DTI); Mana, the donations-in-kind program of equipment. RLC has also invested in new
Tourism Infrastructure and Enterprise Zone Caritas Manila. Proceeds from Segunda technology, including ozone-friendly
Authority (TIEZA) and Technical Education Mana are channeled to YSLEP to provide refrigerants, which prevent further ozone
and Skills Development Authority (TESDA). further financial assistance to their students. depletion. Airconditioning systems in older
This year, Robinsons Malls Lingkod Pinoy Through Segunda Mana, items no longer malls are being upgraded to automated,
Center in partnership with the Commission being used from the different branches of energy-efficient equipment. LED lighting
on Elections (COMELEC) has made it Go Hotels and Summit Hotels and Resorts fixtures are also now widely used in
possible to register inside the malls. There will be donated to fund the YSLEP. Robinsons Malls with existing malls being
are currently 27 Robinsons Malls Lingkod retrofitted.
Pinoy Centers nationwide with 6 more set ENVIRONMENTAL SUSTAINABILITY
to open next year. To date, Robinsons Malls PROGRAMS Non-chemical Water Treatment
Lingkod Pinoy Centers have serviced over Program
14 million Filipinos nationwide. RLC installs off-grid solar panels
In certain malls, no chemicals are used
RLC continues its strong stand in helping in the treatment of condenser water
ROBINSONS MALLS IS A preserve the environment by embarking in cooling towers. This means that no
PWD-FRIENDLY MALL on a renewable energy program to install harmful chemicals are released which
Robinsons Malls was recognized by the off-grid rooftop solar PV (photo voltaic) could contaminate ground and other water
Philippine Foundation for the Rehabilitation panels on feasible malls nationwide. This sources, resulting in more efficient recycling
of the Disabled as it awarded the Bronze development of clean energy will not of wastewater.
Compliance Apolinario Mabini Awards to only aid in addressing the looming power
shortage by reducing energy consumption Wastewater Recovery Program
Robinsons Place Pangasinan, Robinsons
Place Las Piñas and Robinsons Place from the grid but will also serve as the RLC recognizes the importance of the
Palawan. These malls were recognized as company’s contribution to be part of the intelligent use of water resources. Through
Disabled-Friendly Establishments of the global solution to avert global warming this program, wastewater is treated, filtered
Year by the Apolinario Mabini Awards held and lessen our country’s dependence on and reused; leading to zero wastewater
in the Malacañang Palace. Robinsons Malls imported fossil fuels. To jumpstart the discharge to public sewer. Several RLC
proved its passion for customer service program, RLC installed a solar PV system hotels and malls now use 100% recycled
by incorporating architectural features in Robinsons Place Palawan this year. wastewater for their toilets and irrigation
and facilities accessible to people with Robinsons Iloilo also inaugurated its solar requirements. Good water quality is ensured
disabilities, creating ease and comfort in PV system in December 2015. Installations through monthly testing by RLC’s Corporate
their malling experience. of systems are ongoing in RLC’s malls in Laboratory which is accredited by DENR
Dumaguete, Roxas and Antique, targeted and recognized by DOH. In addition to
for completion in the early part of 2016. this, several malls collect rainwater for the
ROBINSONS HOTELS AND RESORTS
Robinsons Novaliches will be the first RLC mall’s use.
PARTNERS WITH CARITAS MANILA
mall in Metro Manila to be fitted with solar
Go Hotels and Summit Hotels and Resorts, PV system and is expected to be operational
under Robinsons Land’s Hotels and Resorts by 2016. Plans to roll out more solar PV
division, are proud to commit their support systems in both existing and future malls
are underway.
Chief Justice Artemio V. Roberto F. De Ocampo Emmanuel C. Rojas, Jr. Omar Byron T. Mier
Panganiban (Ret.) Director Director Director
Director
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