SM Investments Corporation · PSE:SM
SM Investments — Q3 2011 Earnings Presentation
10 slides from SM Investments's earnings presentation, Nov 14, 2011
Slide 1: SM Investments Corporation Profitable Operation
11/14/2011 SM Investments Corporation Profitable Operation Jan–Sep Jan-Sep SM Investments Corporation Net income (In Php billion) 2011 2010 % Chg 3rd Quarter 2011 Media and Analyst Briefing growth of Revenues 140.1 124.3 13% 14 November 2011 14% Gross Profit 26.7 22.9 17% Net Income 14.2 12.5 14% Hi
Slide 2: Balance Sheet Highlights and Overall Retail Results
11/14/2011 SM Investments Corporation SM Investments Corporation Balance Sheet Highlights Overall Retail Results Book value Jan–Sep Jan–Sep Jan-Sep Jan-Sep (In Php billion) 2011 2010 % Chg Sales growth of (In Php billion) 2011 2010 % Chg grew 9% 10% continues Sales (Php bn) 101.9 92.9 10% Total Asse
Slide 3: SM Prime Holdings Financial Highlights and SM Malls in the Philippines
11/14/2011 SM Prime Holdings, Inc. SM Malls in the Philippines Financial Highlights Revenues up (In Php billion) Jan-Sep Jan-Sep % Chg 13,852 41 2011 2010 5.1m sqm Malls 13% from new Total GFA Mall Nationwide Tenants malls, expansion, Revenues (Php bn) 19.3 17.0 13% and growth in Net Income 6.4 5.6
Slide 4: 2012 Expansion Program: Philippines, SM Suzhou and China Expansion
11/14/2011 2012 Expansion Program: Philippines SM Suzhou Gross Floor Opened Mall Location Area September 23, (sq.m.) 2011 GFA of 72,552 New Malls sqm SM City Consolacion Cebu SM Lanang Davao 145,824 Major Tenants: SM General Santos 88,106 Vanguard SM Consolacion Cebu 73,801 Hypermarket, KFC, Jack &
Slide 5: Property Development and SM Development Corporation
11/14/2011 SM Land Inc. Property Development (Php billion) Jan-Sep Jan-Sep % Net Income Profile 2011 2010 Chg Jan to Sep 2011 Revenues from 13.8 9.0 54% Real Estate Commercial Properties Leisure 17% Net Income from 2% 3.9 2.5 57% Real Estate Consolidated 3.8 2.7 38% Net Income 81% Net Margin (%)* 27
Slide 6: SM Development Corporation Strong Profit Growth
11/14/2011 SM Development Corporation SM Development Corp. Strong Profit Growth Project Profile Sustained high (In Php billion) Jan-Sep Jan-Sep % Chg 16 Projects Chateau Mezza Berkeley Field 2011 2010 earnings January to September 2011 growth due to Revenues from Real Estate 11.28 6.06 86% Gross Pro
Slide 7: Commercial Property and Leisure Projects
11/14/2011 TwoE-com Center SM Arena State of the art sports Opening: December 2011 complex Tenants: BPO firms, shipping Seating capacity: approx. companies (Anscor Swire, 16,000 ECU Line, and CMA CGM) Expected completion date: GLA: 102,704 sqm Q2 2012 Tower A -14 floors Seven levels with Tower B -15
Slide 8: Hotels and Conventions
11/14/2011 Taal Vista Hotel Hotels and Conventions Addition of specialty suites Refurbishment of meeting rooms and ballroom 29 31 Radisson Blu Hotel Cebu SM Hotels By 2013, SM Hotels will have a total of 1,018 rooms in its First year of full portfolio operations Hotel Projects No. of Project Locatio
Slide 9: Banking Operations: BDO Unibank
11/14/2011 Future Projects: Park Inn by Radisson Banking Operations Park Inn by Radisson in Davao City scheduled to open in 2013 200 Guestrooms Red Bar & Grill All-day Dining Restaurant seats 134 indoors seats 84 outdoors 4 meeting rooms Beside SM Lanang, Davao 33 35 Future Projects: SMX Convention
Slide 10: China Bank and Estimated Group Capex for 2012
11/14/2011 China Bank Jan-Sep’11 Jan-Sep’10 % Financial Highlights (Php bn) (Php bn) Chg Net Interest Income 6.4 6.4 1.2% Net Income 3.4 3.7 -7.5% Assets 237.9 232.2 2.5% Deposits 194.5 189.1 2.8% Gross Customer 127.9 105.9 20.8% Loans ROE (%) 14.0% 16.6% NPL (%) 3.14% 4.4% CAR (%) 16.5% 15.1% 37 Es