Century Properties Group Inc. · PSE:CPG
Century Properties — Q1 2012 Earnings Presentation
20 slides from Century Properties's earnings presentation, May 21, 2012
Slide 1: Presentation to Analysts Q1 2012 Briefing
Presentation to Analysts Q1 2012 Briefing May 21, 2012 1
Slide 2: Agenda
Agenda 1. Executive Summary 2. Financial Statements 3. Pre-Sales 4. Project Update 5. Land Bank 6. Q&A 2
Slide 3: 1. Executive Summary
1. Executive Summary 3
Slide 4: Executive Summary
Executive Summary • Record Q1 2012 Earnings • P2.48B of revenue with P454M of net income, representing 121% and 310% growth YoY, respectively • Gross Margin, Net Income Margin and ROE of 41.7%, 18.3% and 32.3%, respectively • Continuing Momentum of Pre-Sales • P5.3B of Q1 2012 pre-sales, representin
Slide 5: 2. Financial Statements
ial Statements ME CEN TORY |
Slide 6: Net Cash, With Significant Headroom to Increase Leverage
Net Cash, With Significant Headroom to Increase Leverage Audited Unaudited Amount in Millions 31-Dec-11 31-Mar-12 Cash and Cash Equivalents 367 1,814 Total Assets 10,029 14,259 Total Borrowings 883 1,307 Net Debt 516 NM Stockholder's Equity 4,332 6,896 30.0% 20% 19% 20.0% 12% 10.0% NM / 0% 0.0% Debt
Slide 7: Historical Q1 2012 Net Income With a 310% YoY Growth
Historical Q1 2012 Net Income With a 310% YoY Growth Unaudited Unaudited Amount in Millions 31-Mar-11 31-Mar-12 Growth Revenue Real estate sales 1,036 2,267 Property management fee and other services 49 53 Interest and other income 38 158 Total Revenue 1,123 2,478 121% Total Costs and Expenses 965 1
Slide 8: Improving Margins and Returns
Improving Margins and Returns Real Estate Sales 100% 93% 75% 62% 50% 32% 25% 7% 6% 0% 0% 31-Mar-11 31-Mar-12 Middle Income Affordable Luxury 50.0% 50.0% 41.7% 40.0% 40.0% 31.5% 32.3% 30.0% 30.0% 18.3% 20.0% 20.0% 14.9% 12.1% 9.8% 10.0% 10.0% 5.0% 0.0% 0.0% Gross Profit Margin Net Income Margin Retur
Slide 9: 3. Pre-Sales
3. Pre-Sales 9
Slide 10: On Track to Hit P20B Pre-Sales FY 2012 Target
On Track to Hit P20B Pre-Sales FY 2012 Target representing an 27% Growth Over Q1 2011 Peso in Millions P4.1B P5.3B 8,000 27% 6,000 4,000 3,080 2,528 2,000 2,194 1,616 0 Q1 2011 Q1 2012 Philippines International 10
Slide 11: 4. Project Update
4. Project Update 11
Slide 12: Launched Buildings with ~25B of Un-Booked Revenue
Launched Buildings with ~25B of Un-Booked Revenue Project Total Total % Sold % Un-Booked GFA (sq.m.) Units (Units) (Value) Century City 390,539 3,879 89% P10.1B - Launched Buildings Acqua Private Residences 151,006 2,416 74% P6.8B - Launched Buildings Azure Urban Resort 242,946 4,041 75% P7.2B Resid
Slide 13: Un-Launched Buildings and Landbank
Un-Launched Buildings and Landbank Un-Launched Buildings Indicative Indicative GFA (sq.m.) Units Century City 146,027 2,539 - Un-Launched Buildings Acqua Private Residences 47,277 403 - Un-Launched Buildings Azure Urban Resort Residences 74,197 1,470 - Un-Launched Buildings Total Un-Launched Buildin
Slide 14: Construction Update - Gramercy
Construction Update - Gramercy Sample “Azuli”, which is one of six Fully Fitted / Fully Furnished Design Interiors Fiber-broadband service, allowing download speeds of up to 100mbps 14
Slide 15: Construction Update – Milano
Construction Update – Milano As of January, Milano was at its basement 4 As of March, Milano was at its ground floor 15
Slide 16: Construction Update – Azure
Construction Update – Azure Finishing works for Rio and Santorini, while St. Tropez is at its 5th floor 16
Slide 17: 5. Landbank
5. Landbank 17
Slide 18: Commonwealth, Quezon City
Commonwealth, Quezon City 18
Slide 19: 6. Q&A
6. Q&A 19
Slide 20: 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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