Century Properties Group Inc. · PSE:CPG
Century Properties — FY2011 Earnings Presentation
23 slides from Century Properties's earnings presentation, Apr 16, 2012
Slide 1: Presentation to Analysts Full Year 2011 Briefing
Presentation to Analysts Full Year 2011 Briefing April 16, 2012 1
Slide 2: Agenda
Agenda 1. Pre-Sales 2. Financial Statements 3. Project Update 4. Land Bank 5. 2012 Key Initiatives 2
Slide 3: 1. Pre-Sales
1. Pre-Sales CENTURY
Slide 4: Industry Leading International Sales…
Industry Leading International Sales… Units Peso in Millions 2,325 5,367 8,023 18,367 6,000 131% 20,000 129% 15,000 4,000 12,279 4,081 10,000 2,000 1,649 5,363 5,000 6,088 1,286 676 2,661 0 0 2010 2011 2010 2011 Philippines International Philippines International Philippines 33% International 67% FY
Slide 5: …Allowing to Distribute a Multiple Price Point Portfolio
…Allowing to Distribute a Multiple Price Point Portfolio Units Peso in Millions 2,325 5,367 8,023 18,367 6,000 20,000 131% 129% 5,223 15,000 2,298 4,000 10,000 9,204 2,000 2,725 5,000 2,330 3,940 509 343 0 0 2010 2011 2010 2011 Luxury Luxury Middle Income Affordable Affordable 21% Luxury Middle Inco
Slide 6: On Track to Hit P20B Pre-Sales FY 2012 Target
On Track to Hit P20B Pre-Sales FY 2012 Target Q1 2012: P5.3B, 812 units Q1 2012: P5.3B, 812 units Affordable 17% Luxury 42% Philippines 42% International 58% Middle Income 41% Note: A project is defined as Luxury, Middle Income and Affordable if the majority of the units in a project are over P7M, 6
Slide 7: Conscious Effort to Have a Balance Portfolio
Conscious Effort to Have a Balance Portfolio 4 Current Master Planned Developments Pro Forma: 7 Master Planned Developments Luxury Luxury Affordable 14% 21% 25% Affordable 46% Middle income 40% Middle income 54% Note: A project is defined as Luxury, Middle Income and Affordable if the majority of th
Slide 8: 2. Financial Statements
2. Financial Statements CENTURY
Slide 9: Low Gearing, With Significant Headroom to Increase Leverage
Low Gearing, With Significant Headroom to Increase Leverage Amount in Millions 2010 2011 Cash and Cash Equivalents 283 367 Total Assets 7,555 10,029 Total Borrowings 1,226 883 Net Debt 943 516 Stockholder's Equity 2,950 4,332 60.0% 50.0% 41.6% 40.0% 32.0% 30.0% 20.4% 20.0% 11.9% 10.0% 0.0% Debt-to-E
Slide 10: Historical 2011 Net Income With a 382% Growth
Historical 2011 Net Income With a 382% Growth Amount in Millions 2010 2011 Growth Revenue Real estate sales 2,613 3,761 Gain from change in fair value of investment properties 148 - Property management fee and other services 172 192 Interest and other income 138 750 Total Revenue 3,072 4,702 53% Tot
Slide 11: Improving Margins and Returns
Improving Margins and Returns Real Estate Sales 99% 100% 88% 75% 50% 25% 12% 1% 0% 2010 2011 Middle Income 30.0% Affordable 50.0% 23.8% 41.7% 40.0% 37.1% 20.0% 30.0% 18.4% 9.9% 20.0% 10.0% 6.6% 10.0% 5.8% 2.7% 0.0% 0.0% Gross Profit Margin Net Inc ome Margin Return on Assets Return on Equity 2010 20
Slide 12: 3. Project Update
3. Project Update CENTURY 12
Slide 13: 15% Growth Over 2010 New Launches
15% Growth Over 2010 New Launches No. of Units 3,134 Amount (in millions) 16,868 3,000 2,701 17,500 17,000 16,500 2,000 16,000 3,134 14,693 15,500 2,701 16,868 15,000 1,000 14,500 14,693 14,000 0 13,500 2010 2010 2011 2011 2010 2011 13
Slide 14: Un-Booked Revenues of ~P25B from built up pre-sales
Un-Booked Revenues of ~P25B from built up pre- sales Total Target GFA Percentage Percentage Total Projected Project Market Location (sq.m.) Sold Completed Units Completion Gramercy Residences Middle-Income 117,463 96% 85% 1,408 2012 Makati City Knightsbridge Middle-Income 90,334 99% 45% 1,310 2013 R
Slide 15: Tallest Tower Turning Over and Retail Mall Transforming Century City
Tallest Tower Turning Over and Retail Mall Transforming Century City Gramercy Residences Retail Mall at Century City 15
Slide 16: Azure Ahead of Schedule
Azure Ahead of Schedule CENTURY PROPERTIES GROUP 16
Slide 17: Recent Model Unit Openings: Trump Tower
Recent Model Unit Openings: Trump Tower 17
Slide 18: Recent Model Unit Openings: Acqua Livingstone By Missoni Home
Recent Model Unit Openings: Acqua Livingstone By Missoni Home 18
Slide 19: 4. Landbank
4, Landbank CENTURY 19
Slide 20: Continued Transformational Landbanking with Three Major Projects
Continued Transformational Landbanking with Three Major Projects • Diversify in the affordable market via Quezon City projects • 4.4HA Commonwealth, Quezon City: Mid 2012 launch • 50HA Novaliches, Quezon City: Master planning has begun • Diversify to the tourism and retirement market • 142HA Batulao
Slide 21: 5. 2012 Key Initiatives
5, 2012 Key Initiatives CENTURY 21
Slide 22: 2012 Key Initiatives
2012 Key Initiatives • Dividends • 10% of 2011 Net Income • 2012 Net Income Guidance • At least 100% increase • Outlook • Upbeat 22
Slide 23: Disclaimer
These materials have been prepared by Century Properties Group Inc. (together with its subsidiaries, the "Company” or “Century”), and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or compl
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