Century Properties Group Inc. · PSE:CPG
Century Properties — Q3 2015 Earnings Presentation
19 slides from Century Properties's earnings presentation, Nov 27, 2015
Slide 1: Century Properties Group Analysts Presentation
CENTURY PROPERTIES GROUP Analysts Presentation November 2015 STRICTLY CONFIDENTIAL 0
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER These materials have been prepared by Century Properties Group, Inc. (together with its subsidiaries, “CPGI”, the "Company”, or “Century”), and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be
Slide 3: Table of Contents
TABLE OF CONTENTS 1 Corporate Updates 2 Residential Business Segment 3 Financial Performance 2
Slide 4: Corporate Updates
STRICTLY CONFIDENTIAL 1 CORPORATE UPDATES
Slide 5: Shareholding and Corporate Structure
SHAREHOLDING AND CORPORATE STRUCTURE Century Properties, Inc. Public (“CPI”) 32.7% 67.3% Company listed on Philippine Stock Exchange Century Properties Group, Inc. (“CPG”) 100% 100% 100% 100% 100% 100% Principal Century City Century Limitless Century Properties Century Communities Century Properties
Slide 6: History & Key Milestones
HISTORY & KEY MILESTONES Raised PHP 1.6 billion from 800 million shares issued, increasing free float to 33.2% 2014 Completed “backdoor listing” with EAPRC2 Launched its first Issued PHP 1.6 billion large-scale house convertible bond to Dutch and lot development pension fund APG Began development of
Slide 7: Updates on Century's Management Team
UPDATES ON CENTURY’S MANAGEMENT TEAM Century Properties has a highly experienced management team with proven track record and ability to drive growth Century Properties has increased the number of Indirectors from 2 to 3 Century Properties has an experienced management team that has been with th
Slide 8: Residential Business Segment
STRICTLY CONFIDENTIAL 2 RESIDENTIAL BUSINESS SEGMENT
Slide 9: Vertical Developments
VERTICAL DEVELOPMENTS CPG is able to tap into the demand from geographically diversified OFWs with higher incomes and overseas buyers, deriving approximately 2/3 of its pre-sales from overseas Overseas market, underpinned by OFW buyers, represents one of the more resilient sources of demand for Ph
Slide 10: Vertical Developments
VERTICAL DEVELOPMENTS FY2011 FY2012 FY2013 FY2014 9M 2015 PHP18.4bn PHP21.4bn PHP24.6bn PHP21.7bn PHP12.5bn 14% 26% 28% 29% 33% Total Pre- Sales By 67% 72% 74% Geography 71% 86% Phillipines 22% 69% International 5% 8% 7% 5% 3% 5% 4% 15% 28% 15% 27% 28% 28% 30% Total Pre- 27% 16% 16% Sales By Country
Slide 11: Vertical Developments
VERTICAL DEVELOPMENTS CPG has been able to consistently increase its average selling prices by providing high quality, innovative and well-branded products Average PHP per sq.m., Sold 241,251 218,684 217,931 203,591 Luxury Segment 2012 2013 2014 9M 2015 Average PHP per sq.m., Sold 174,569 157,805 15
Slide 12: Vertical Developments
VERTICAL DEVELOPMENTS Significant near term completion over the next 9 months – the most turnovers in a single year to date 6 buildings with total units of 2,997, GFA of 224,168 sqm and sales value of Php15.8 Bn (VAT inclusive) completing in 2015 This includes 1 building in Century City, 2 build
Slide 13: Financial Performance
STRICTLY CONFIDENTIAL 3 FINANCIAL PERFORMANCE
Slide 14: Key Income Statement Highlights
KEY INCOME STATEMENT HIGHLIGHTS Total revenues (Php Million) Gross profit from real estate development1 (Php Million) 5,306 12,761 10,809 4,192 % Change: -5.4% % Change: -3.1% 3,962 9,611 3,504 8,466 8,201 3,314 4,702 1,751 2011 2012 2013 2014 9M 2014 9M 2015 2011 2012 2013 2014 9M 2014 9M 2015 Marg
Slide 15: Healthy Balance Sheet
HEALTHY BALANCE SHEET September Amount in Php Million 2011 2012 2013 2014 2015 Cash and Cash Equivalents 367 902 1,439 1,429 1,724 Total Assets 10,033 18,556 26,166 31,650 37,110 Total Borrowings 883 3,661 6,039 10,931 13,102 Net Debt 516 2,759 4,600 9,502 11,378 Stockholder’s Equity 4,323 8,241 11,
Slide 16: New Credit Lines (Jan - Oct 2015)
NEW CREDIT LINES (JAN - OCT 2015) Date of Approval Bank Amount Q1 2015 BDO 500 Q1 2015 Planters Bank / Chinabank Savings 1,000 Q1 2015 Cocolife 400 Subtotal 1,900 Q2 2015 Chinabank 500 Q2 2015 Standard Chartered 1,000 Subtotal 1,500 Q2 2015 Bank of China (1) 282 Q3 2015 BPI 2,200 Q3 2015 HSBC (1) 18
Slide 17: Leasing
LEASING For Lease Projects Capex GFA (sq.m) Completion / Targeted (Php Billion) Completion Dates Century City Mall 1.5 52,233 2013 PSB Lowrise Tower 0.21 6,957 2014 Centuria Medical Makati 0.5 74,103 2014 Asian Century Center (Fort) 0.9 28,0462 2017 Acqua 6 (Condotel) 0.6 39,172 2019 Total 3.7 200,5
Slide 18: Leasing
LEASING Century City Mall is CPG’s first standalone retail development and is Makati’s newest mall in close to a decade Leasing Revenue Php Million FY 2014 207.0 9M 2015 238.3 Average Increase in Mall Foot Traffic (% change vs March 2014) 70% 64% 59% 60% 48% 50% 41% 40% 30% 20% 12% 8% 10% 0% Q2 2014
Slide 19: Leasing
LEASING Centuria Medical Makati was completed in December 2014 A one-stop information technology outpatient medical facility that offers clinic and office spaces for sale to doctors and wellness practitioners Consist of office suites both for sale and for lease Equipped with hospital-grade fac
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