Century Properties Group Inc. · PSE:CPG
Century Properties — Q1 2013 Earnings Presentation
31 slides from Century Properties's earnings presentation, May 17, 2013
Slide 1: Analysts Presentation Q1 2013 Results
CENTURY PROPERTIES GROUP, INC. Analysts Presentation Q1 2013 Results 17 May 2013
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND 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
Slide 3: Contents
CONTENTS 1 INTRODUCTION 3 2 RESULTS OVERVIEW 4 FINANCIAL PERFORMANCE 3 6 & CAPITAL MANAGEMENT 4 CONSTRUCTION UPDATES 13 5 Q&A 19 6 ANNEX 20
Slide 4: Introduction
WW INTRODUCTION
Slide 5: Results Overview
RESULTS OVERVIEW. |
Slide 6: Results Overview
RESULTS OVERVIEW PHP (M) Q1 2013 Q1 2012 Q1 2011 CAGR Total Revenues 2,598 2,478 1,123 52% Net Income 501 454 111 113% Gross Profit 44.2% 41.7% 31.5% Margin from Real Estate Development Net Income 19.3% 18.3% 9.8% Margin ROE 21.5% 32.3% 12.1% Net Debt / 14.4% NM NA Equity 5
Slide 7: Financial Performance and Capital Management
3 FINANCIAL PERFORMANCE AND CAPITAL MANAGEMENT
Slide 8: Key Income Statement Details
Financial Performance And Capital Management Key Income Statement Details Total revenues (Php m) Gross profit from real estate development (Php m) Margin (%) 32 42 44 3,000 2,478 2,598 2,500 1,200 1,053 990 1,000 2,000 800 1,500 1,123 600 1,000 333 400 500 200 0 0 31-Mar-11 31-Mar-12 31-Mar-13 31-Ma
Slide 9: Key Balance Sheet Details
Financial Performance And Capital Management Key Balance Sheet Details Cash and cash equivalents (Php m) Equity (Php m) 2,500 2,361 12,000 10,343 2,000 10,000 8,266 8,000 1,500 6,000 1,000 902 4,000 500 2,000 0 0 31-Dec-12 31-Mar-13 31-Dec-12 31-Mar-13 Total Debt (Php m) Net Debt (Php m) 4,000 3,853
Slide 10: Launched Projects
LAUNCHED PROJECTS Inventory Made Available for Sale (Php m) 9,000 8,167 8,000 7,000 6,000 5,000 4,000 3,607 3,000 2,000 1,000 - 31-Mar-12 31-Mar-13 Inventory Made Available for Sale (Units) 1,800 1,617 1,600 1,400 1,200 965 1,000 800 600 400 200 - 31-Mar-12 31-Mar-13 9
Slide 11: Diversified Q1 2013 Pre-Sales
Financial Performance And Capital Management Diversified Q1 2013 Pre-Sales 10% Growth Over Q1 2012 Pre-Sales Q1 2013 By Product: P5.8B Total 6,000 5,827 Luxury, 19% 5,800 5,600 5,400 5,274 Affordable, 5,200 51% 5,000 Middle Income, 4,800 30% 31-Mar-12 31-Mar-13 Note: Luxury is defined as (over P7M T
Slide 12: Q1 2013 Pre-Sales by Location
Financial Performance & Capital Management Q1 2013 pre-sales Industry Leading International Platform and Balanced Product Mix By Location: P5.8B Total Peso Value Pre-Sold (Peso in billons): P5.8B Middle East, Others, 8% 4% Philippines, 31% Asia, 32% Europe, 10% North America, 15% International, 69%
Slide 13: CPMI: Largest Independent Property Manager
Financial Performance And Capital Management: CPMI Largest Independent Property Manager with 50 Buildings Total Revenues Php (m) Totaling 2.3M sqm under Management 80 No. of projects GFA („000 sqm) Residential 18 1,018 64 Commercial 29 1,275 60 Total 47 2,293 53 40 Notable Projects Under Management,
Slide 14: Key Recent Transactions
Financial Performance And Capital Management Key Recent Transactions Treasury Buy Back — Purchased 4,437,000 Treasury Shares with a value of P7,694,492 (average price of P1.74) in January 2013 Cash Dividends — P184,436,193 or P0.019 per share payment date of May 16, 2013 Amendment of Articles
Slide 15: Construction Progress
CONSTRUCTION PROGRESS • 6 buildings with 4,649 units, 375,093 sqm GFA / 185,096 sqm of net saleable area, plus a retail mall and urban beach club to be delivered in the next 12 months • The Gramercy Residences is fully completed and turned over in December 2012 • Construction works are on schedule f
Slide 16: Construction Updates
5 CONSTRUCTION UPDATES
Slide 17: Acqua Private Residences
ACQUA PRIVATE RESIDENCES Key Project Stats Open for Sale Un-Launched Total # of Buildings 5 1 6 Launch and Completion 2011 to 2012 / Under N/A Dates 2015-18 Evaluation Current Construction Various, up to N/A N/A Status 38th floor Total Units 2,835 202 3,037 Total GFA (sqm) 188,073 24,003 212,076 Tot
Slide 18: Azure Urban Resort Residences
Key Project Stats Open for Sale Un-Launched Total # of Buildings 8 1 9 Launch and Completion Dates 2009-13 / 2013-17 Under Evaluation N/A Current Construction Status Various, Up to Finishing Stage N/A N/A Total Units 4,504 576 5,080 Total GFA (sqm) 277,768 39,375 317,143 Total Floors 20 20 N/A Units
Slide 19: The Milano Residences
Key Project Statistics Launch and Completion Dates 2010 / 2015 Current Construction Status 22nd Floor Total Units 465 Total GFA With Parking (sqm) 61,489 Total Floors 57 Units Sold % (FY 2012 / Q1 2013) 87% /92% Average Contracted Price PSM 145,605 THE MILANO RESIDENCES Current Price PSM 161,471 18
Slide 20: Centuria Medical Makati
Key Project Statistics Launch and Completion Dates 2010 / 2014 Current Construction Status 11th Floor Total Units 591 Total GFA With Parking (sqm) 70,763 Total Floors 30 Units Sold % (FY 2012 / Q1 2013) 84% / 82% Average Contracted Price PSM 122,881 Current Price PSM 178,801 CENTURIA MEDICAL MAKATI
Slide 21: Century City Mall
Key Project Stats Launch and Completion Dates 2011 / 2013 Current Construction Status Finishing Total GFA With Parking (sqm) 49,143 Total NFA (sqm) 17,000 Total Floors( 6 % Leased 60% CENTURY CITY MALL 20
Slide 22: Q&A
5 Q&A
Slide 23: Annex
6 ANNEX
Slide 24: Corporate Structure
CORPORATE STRUCTURE (1) Century Properties, Inc. Public (“CPI”) 33.3% 66.7% Company listed on Philippine (“CPGI”) Stock Exchange 100% 100% 100% 100% Century City Development Century Communities Century Limitless Century Properties Subsidiaries Corporation Corporation Corporation Management (“CCDC”)
Slide 25: Founders of CPG
Founders of CPG Founders of CPG Jose E.B. Antonio Chief Executive Officer 26 years with Century Ateneo, Harvard OPM 24
Slide 26: Founders of CPG
Founders of CPG Ricardo P. Cuerva President of Century Project Management Construction (CPMCC), Director 26 years with Century San Beda, Ateneo 25
Slide 27: Founders of CPG
Founders of CPG Rafael G. Yaptinchay Treasurer, Director 26 years with Century Ateneo, AIM 26
Slide 28: 2nd Generation of CPG
2nd Generation of CPG John Victor R. Antonio Co-Chief Operating Officer 14 years with the Company Wharton BS & MBA Projects: Azure Gramercy Markets: Middle East, Asia` Jose Marco R. Antonio Co-Chief Operating Officer 13 years with the Company Wharton BS & MBA Projects: Knightsbridge, Canyon Ranch, A
Slide 29: 2nd Generation of CPG
2nd Generation of CPG Jose Roberto R. Antonio Jose Carlo R. Antonio Managing Director Chief Finance Officer 13 years with the Company 6 years with the Northwestern & Stanford Company MBA Wharton BS Projects: Milano & Trump Markets: North America 28
Slide 30: Independent Directors
Independent Directors Washington Z. Sycip Founder of the Asian Institute of Management and the founder of Sycip Gorres Velayo and Company. 29
Slide 31: Independent Directors
Independent Directors Monico V. Jacob President and CEO of STI Education Services Group, PhilPlans First Inc., and Philhealth Care Inc. Mr. Jacob was also the Chairman and CEO of the Philippine National Oil Company (“PNOC”) and all of its subsidiaries. 30
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