Century Properties Group Inc. · PSE:CPG
Century Properties — Shareholder Meeting (June 2019)
18 slides from Century Properties's shareholder meeting presentation, Jun 28, 2019
Slide 1: Annual Stockholders' Meeting
Annual Stockholders’ Meeting June 28, 2019
Slide 2: Key Milestones and Developments
KEY MILESTONES AND DEVELOPMENTS Completion of Trump CPMI 1, the country's Signed JVA with Tower, Roxas East first independent real PHP 2.3 B re-IPO Mitsubishi Corp. to build and Quezon North in estate property selling 1.33 billion Century Diamond Tower 2018 Commonwealth, management shares, increasin
Slide 3: Philippine Macroeconomy
PHILIPPINE MACROECONOMY GDP Growth Rate (%) 7.0 Inflation Rate (%) 6.76.7 8.0 6.4 7.6 6.5 6.0 7.0 7.1 6.9 6.7 6.7 6.7 6.0 5.7 6.6 6.1 6.1 6.2 5.5 5.2 6.0 5.1 5.2 5.0 4.5 4.6 5.0 5.0 4.3 4.8 4.5 4.4 4.0 4.2 3.8 4.0 3.6 3.7 3.4 3.0 3.5 3.13.1 3.2 3.0 3.1 3.0 2.9 2.9 2.9 3.0 2.5 2.5 2.4 2.6 2.0 2.5 1.0
Slide 4: Growth Strategy Supported by Favourable Macroeconomic Environment
GROWTH STRATEGY SUPPORTED BY FAVOURABLE MACROECONOMIC ENV’T CPG’s entry into the affordable housing segment capitalizes on the country’s demand for affordable housing, which has an estimated backlog of roughly 6.6 million units. UNMET HOUSING NEED AND DEMAND HOUSINGBacklog Housing BACKLOGbyBY REGION
Slide 5: Product Offerings
PRODUCT OFFERINGS CPG’s portfolio of product offerings has expanded to other market segments allowing the Company to diversify its revenue base. This strategic move is now yielding very positive results and we expect to sustain this growth momentum in the coming years Century Properties Group, Inc.
Slide 6: Vertical Developments
VERTICAL DEVELOPMENTS Completed 3 projects with 77,740 sqm of GFA and 1,185 units in 2018 BUSINESS HIGHLIGHTS VERTICAL DEVELOPMENTS PORTFOLIO Commonwealth • Osmeña West • Quezon North Century City • Roxas East • Gramercy Quezon City • Osmeña East Residences • Milano Tower • Trump Tower • Knightsbrid
Slide 7: Horizontal Affordable Housing
HORIZONTAL AFFORDABLE HOUSING BUSINESS HIGHLIGHTS • JV with Mitsubishi Corporation • Current Projects: • Tanza, Cavite • Townhouse Units and Single Attach • Total Planned GLA: 256,514 sq.m • Lipa, Batangas • 20 hectare development • 1,867 units valued at ₱2.8 billion 955 housing units underway 259 U
Slide 8: New Projects Under Affordable Housing
NEW PROJECTS UNDER AFFORDABLE HOUSING Capitalizing PLATFORM on the country’s demand for affordable housing, which has an estimated backlog of roughly 6.6 million units, the new joint venture company will pursue the development of projects of scale in key locations outside of Metro Manila under a new
Slide 9: Leisure and Tourism
LEISURE AND TOURISM BUSINESS HIGHLIGHTS PORTFOLIO CPG launched the first major leisure and tourism project, Batulao Artscapes. The project will feature a variety of benefits from water and land based sports, dining and fine cuisine, beach front entertainment, dedicated spa areas and extensive childr
Slide 10: Investment Properties
INVESTMENT PROPERTIES BUSINESS HIGHLIGHTS PORTFOLIO CONTINUOUS ROLLOUT OF LEASING ASSETS 2013 2018 • 32% CAGR on Cumulative Gross Floor Area (sqm) between 2017 and 2019 • Revenues expected to hit ₱2.0 Billion by 2020 Century City Mall Asian Century Center Leasing Assets Total GFA 2015 306,736 2019 2
Slide 11: Property Management
PROPERTY MANAGEMENT BUSINESS HIGHLIGHTS NOTABLE PROPERTIES UNDER REVENUES FROM PROPERTY MANAGEMENT MANAGEMENT ₱ Million 395 353 • Pacific Star Building 302 • Essensa East Forbes • Trump Tower Manila • Gramercy Residences 92 91 2016 2017 2018 3M 2018 3M 2019 CPMI Manages 2.6 Million sqm; 46 Projects
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS FY 2018 FY 2017 Change % 3M 2019 3M 2018 Change % TOTAL REVENUES 10,702 6,706 3,996 60% 2,773 2,709 64 2.4% GROSS PROFIT 4,542 3,391 1,151 34% 1,147 1,150 -4 -0.3% Gross Margin 42.4% 50.6% -8.1% - 41.4% 42.5% -1.1% - Operating Expense 3,255 2,964 291 10% 694 846 -152 -18.0% EBIT
Slide 13: Financial Condition
FINANCIAL CONDITION BALANCE SHEET As of March In ₱ Million FY 2018 FY 2017 2019 Total Assets 49,327 49,367 42,556 Total Liabilities 31,089 31,903 26,300 Equity 18,238 17,463 16,256 • Total assets increased by Php6.8 B to Php49.4 B in 2018 • Mainly due to higher cash balance and increase in construct
Slide 14: Segment Revenue Contribution
SEGMENT REVENUE CONTRIBUTION The goal is to grow CPG’s new allied real estate businesses to have a diversified revenue mix with more sustainable cash flow and recurring income FY 2015 FY 2018 Horizontal Affordable Investment Properties, Housing, 3.4% 10.9% Investment Properties, Property 3.8% Manage
Slide 15: Business Strategy
BUSINESS STRATEGY Leverage the Company’s industry leading reputation and experience in the high rise condominium market to develop mid-rise condominium projects Implement expansion outside Metro Manila for affordable housing projects Prudent expansion of commercial leasing portfolio to diversify ear
Slide 16: New Product Lines for Growth
NEW PRODUCT LINES FOR GROWTH Total CAPEX Budget: P30 B in next 3 years Mid-rise residential buildings in the CBDs and its peripheries in Urban Village various locations including Quezon City, Mandaluyong City and Pampanga Phirst Park Homes Pandi Phirst Park Homes General Trias Mixed Use leasing Phir
Slide 17: Land Bank
LAND BANK Total Land Bank: 250.6 HA* San Fernando, Pampanga Pandi, Bulacan Calamba, Laguna Katipunan, Novaliches, Quezon Quezon City City Batulao Mandaluyong Palawan CPG is building its land bank to further expand its in-city development projects and its footprint in strategic tourism destinations a
Slide 18: Thank You!
Thank You! CENTURY PROPERTIES BUILDING PASSION
Century Properties Group — Shareholder Meeting (June 2019) on 6ix