Century Properties Group Inc. · PSE:CPG
Century Properties — Shareholder Meeting (June 2018)
24 slides from Century Properties's shareholder meeting presentation, Jun 14, 2018
Slide 1: Company Presentation for the Annual Stockholders' Meeting
CENTURY PROPERTIES GROUP, INC. Company Presentation for the Annual Stockholders’ Meeting June 14, 2018
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 Key Messages 2 Financial Overview 3 Update on Century 2020 2
Slide 4: Key Messages
STRICTLY CONFIDENTIAL 1 KEY MESSAGES
Slide 5: CPG Is One of the Established Real Estate Developers in the Philippines
CPG IS ONE OF THE ESTABLISHED REAL ESTATE DEVELOPERS IN THE PHILIPPINES 1986 32 years of start of experience company operations 2018 Philippines Property Awards Trump Tower Philippines Best Luxury Condominium 10 international brand partnerships Development 532 acres 39 buildings in the Philippines i
Slide 6: Completions of Existing Projects and Launch of New Projects Are on Track
COMPLETIONS OF EXISTING PROJECTS AND LAUNCH OF NEW PROJECTS ARE ON TRACK CPG has made significant headway in its diversification program as it increases investments in allied real estate sectors and expands outside Metro Manila Horizontal Affordable Vertical Developments Leisure and Tourism Investme
Slide 7: Completed Projects in 2017
COMPLETED PROJECTS IN 2017 As of December 2017, CPG has completed 19 buildings (72% of total buildings in vertical developments), with 11,597 total units (60% of total units in vertical developments) Azure - Maldives Trump Tower Quezon North Roxas East Commonwealth Commonwealth 6
Slide 8: For Completion in 2018
FOR COMPLETION IN 2018 By December 2018, CPG is expected to complete an additional 2,035 units, bringing cumulative completed units to 13,632 (71% of total units in vertical developments) Vertical Developments Azure - Boracay Acqua - Iguazu Osmeña East 7 Commonwealth
Slide 9: For Completion in 2018: Investment Properties (Leasing)
FOR COMPLETION IN 2018 Investment Properties (Leasing) Asian Century Center 8
Slide 10: For Completion in 2018: Horizontal Affordable Housing
FOR COMPLETION IN 2018 Horizontal Affordable Housing Construction of 450 housing units underway; expected turnover starting Q4 2018 9
Slide 11: Financial Overview
STRICTLY CONFIDENTIAL 2 FINANCIAL OVERVIEW
Slide 12: Key Income Statement Accounts
KEY INCOME STATEMENT ACCOUNTS Total revenues (Php Million) Gross profit from real estate development* (Php Million) 7,793 2,539 7,380 2,067 912 2,856 1,956 440 2016 2017 Q1 2017 Q1 2018 2016 2017 Q1 2017 Q1 2018 EBITDA (Php Million) Profit After Tax (Php Million) 1,341 726 650 1,110 293 300 459 460
Slide 13: Cash Flow Statement
CASH FLOW STATEMENT Php Million 2016 2017 Q1 2018 Cash Flow from Operations 176 (111) (190) Cash Flow from Investing (925) (2,233) (1,085) Cash Flow from Financing 2,083 401 1,856 Change in Cash 1,335 (1,943) 581 Beginning Cash 2,008 3,343 1,400 Ending Cash 3,343 1,400 1,981 12
Slide 14: Key Balance Sheet Accounts
KEY BALANCE SHEET ACCOUNTS Php Million 2016 2017 Q1 2018 Cash & Cash Equivalents 3,343 1,400 1,981 Total Assets 41,308 42,555 45,397 Total Borrowings 15,676 16,100 17,956 Net Debt 12,333 14,699 15,975 Total Stockholders Equity 15,227 15,718 16,556 Current Ratio 2.9x 2.5x 2.5x Net Debt-to-Equity Rati
Slide 15: Increasing Recurring Income from Leasing Assets
INCREASING RECURRING INCOME FROM LEASING ASSETS Leasing revenues (Php Million) 337.9 341.7 81.9 84.0 2016 2017 Q1 2017 Q1 2018 Mall Foot Traffic (Average % increase from March 2014) Centuria Medical Makati Century City Mall 124% Launched: 2011 Launched: 2010 89% 93% 96% 98% Completion: 2013
Slide 16: Stable Revenues from Property Management
STABLE REVENUES FROM PROPERTY MANAGEMENT Revenues from Property Management (Php Million) 353.0 302.0 83.5 92.2 2016 2017 Q1 2017 Q1 2018 Largest Independent Property Manager with 62 Buildings Totaling 2.5M sqm Under Management No. of GFA As of December 2017 projects (‘000 sqm) Residential 21 1,371 C
Slide 17: Update on Century 2020
STRICTLY CONFIDENTIAL 3 UPDATE ON CENTURY 2020
Slide 18: Continue the Rollout of Investment Properties
CONTINUE THE ROLLOUT OF INVESTMENT PROPERTIES Investment By 2020, when all buildings are completed, we project to have over Php 1 B in Properties revenues, representing 43% CAGR vs P341.7M in FY2017 Leasing Assets: Cumulative Gross Floor Area (sqm) 306,736 32% CAGR 133,940 39,503 172,796 133,293 2
Slide 19: Fulfillment of Century 2020 Plans
FULFILLMENT OF CENTURY 2020 PLANS Expansion of CPG’s portfolio into the affordable housing and the leisure and tourism segments Affordable Housing Platform Leisure and Tourism Platform President: Ricky Celis President: Tim Hallet Highlights: Generated reservation sales of Php1.42 Highlight
Slide 20: PHirst Park Homes - Tanza
PHirst PARK HOMES - TANZA Land Development in full swing, 80% POC in Phase I Construction of 450 housing units underway; expected turnover starting Q4 19
Slide 21: New Projects Under Affordable Housing Platform
NEW PROJECTS UNDER AFFORDABLE HOUSING PLATFORM Capitalizing 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 22: New Projects Under Affordable Housing Platform: Lipa
NEW PROJECTS UNDER AFFORDABLE HOUSING PLATFORM With the country’s housing gap reaching 6.5 million units in 2017, PHirst Park Homes seeks to contribute by adding new inventory of quality and future-ready homes to the market. Launch of PHirst Park Homes Lipa CPG is launching a 20-hectare developmen
Slide 23: Batulao Artscapes
BATULAO ARTSCAPES Site Development 22
Slide 24: Thank You
STRICTLY CONFIDENTIAL THANK YOU
Century Properties Group — Shareholder Meeting (June 2018) on 6ix