Megaworld Corp. · PSE:MEG
Megaworld — H1 2021 Earnings Presentation
25 slides from Megaworld's earnings presentation, Aug 6, 2021
Slide 1: First Half 2021 Results Analyst Presentation
FIRST HALF 2021 RESULTS ANALYST PRESENTATION (06 August 2021)
Slide 2: Performance Update
PERFORMANCE UPDATE In Pbn 1Q21 2Q21 QoQ% 2Q20 YoY% 1H21 1H20 YoY% QoQ Remarks REVENUES 10.1 12.1 19% 8.7 39% 22.2 23.8 -7% Improved performance of core revenues COSTS & EXPENSES 7.6 9.2 21% 6.6 39% 16.8 17.9 -6% Increase in sales-related expenses with the uptick in construction activities GROSS PROF
Slide 3: Total Revenues
TOTAL REVENUES In Pbn 1Q21 2Q21 QoQ% 2Q20 YoY% 1H21 1H20 YoY% QoQ Remarks REAL ESTATE 5.9 7.6 29% 4.7 62% 13.5 14.3 -5% Improved construction activity OFFICES 2.6 2.7 4% 2.8 -5% 5.3 5.6 -6% Stable occupancy rate at 90% MALLS 0.5 0.5 5% 0.2 189% 1.0 1.6 -35% Alfresco spaces help boost tenant sales HO
Slide 4: Strong Balance Sheet
STRONG BALANCE SHEET Floating P85.3bn Bond 32% USD 40% TYPE OF Loans INTEREST 48% CURRENCY GROSS DEBT DEBT 52% RATE PHP Fixed 60% 68% P55.3 bn 27 % P15.3bn NET DEBT NET DEBT/EQUITY CAPEX SPENDING 4
Slide 5: Real Estate
REAL ESTATE PLANNED 2021 PLANNED TOTAL RESERVATION COMPLETION 2021 TARGET RESERVATION COMPLETION LAUNCHES (Pbn) SALES (Pbn) (Pbn) LAUNCHES (Pbn) SALES (Pbn) (UNITS) 6.9 37.2 4k 60 17.8 70 5
Slide 6: Real Estate Development
REAL ESTATE DEVELOPMENT TOP 5 PROJECTS 4% 1% 15% 8% P13.5bn 1H2021 RES 72% Condominium Units Condotels Residential Lots Commercial Lots Industrial Lots 6
Slide 7: Reservation Sales
RESERVATION SALES TOP 5 RESERVATION SALES P37.2 bn RESERVATION SALES 85% Local BUYER’S PROFILE 57% MM LOCATION 70% Vertical CLASSIFICATION 7
Slide 8: Project Launches (% Sold)
PROJECT LAUNCHES (% Sold) 80% Saleable Units : 238 Unit Size Range : 26-88 sqm Launch Date : January 2021 Project Value : P1.4 bn ASP per SQM : P180 k
Slide 9: Project Launches (% Sold)
PROJECT LAUNCHES (% Sold) 90% Saleable Lots : 68 Lot Size Range : 300-520 sqm Launch Date : February 2021 Project Value : P600 m ASP per SQM : P22 k 9
Slide 10: Project Launches (% Sold)
PROJECT LAUNCHES (% Sold) 40% PHASE 2 Saleable Lots : 182 Lot Size Range : 200-350 sqm Launch Date : March 2021 Project Value : P2.6 bn ASP per SQM : P64 k 10
Slide 11: Project Launches (% Sold)
PROJECT LAUNCHES (% Sold) 42% Saleable Lots : 221 Lot Size Range : 280-530 sqm Launch Date : May 2021 Project Value : P2.3 bn ASP per SQM : P33 k 11
Slide 12: Projects for Completion This Year
PROJECTS FOR COMPLETION THIS YEAR 4,000 UNITS AND LOTS WORTH P60bn 12
Slide 13: Megaworld Premier Offices
MEGAWORLD PREMIER OFFICES OCCUPANCY TOTAL PORTFOLIO TRANSACTIONS (SQM) RATE (SQM) 1.4m 90% 135k 13
Slide 14: Office Pipeline: International Finance Center
OFFICE PIPELINE INTERNATIONAL FINANCE CENTER GLA: 69,000 sqm 14
Slide 15: Office Pipeline: Two McWest
OFFICE PIPELINE TWO MCWEST GLA: 54,400 sqm 15
Slide 16: Office Pipeline
OFFICE PIPELINE 1 UPPER EAST AVENUE ENTERPRISE 1 & 2 The Upper East │ 8,600 sqm Iloilo Business Park │ 36,700 sqm PASUDECO 1 & 2 The Capital Town │ 9,000 sqm 16
Slide 17: Megaworld Lifestyle Malls
MEGAWORLD LIFESTYLE MALLS RETAIL OCCUPANCY RETAIL PIPELINE PORTFOLIO (SQM) RATE (SQM) 462k 82% +175k 17
Slide 18: Megaworld Lifestyle Malls Initiatives: Government Centers
MEGAWORLD LIFESTYLE MALLS INITIATIVES GOVERNMENT CENTERS 18
Slide 19: Megaworld Lifestyle Malls: Vaccination Sites
MEGAWORLD LIFESTYLE MALLS Vaccination Sites Vaccinated Employees (Group) 11 90% Vaccinated Employees (MEG) 95% 1,240 78k Total Vaccinated Total Vaccinated Dependents 19 Individuals
Slide 20: Megaworld Hotels
MEGAWORLD HOTELS HOTEL PORTFOLIO OCCUPANCY RATE HOTEL PIPELINE (METRO MANILA) (KEYS) (KEYS) 4,163 75% 3,039 20
Slide 21: Newly-Opened Hotel
NEWLY-OPENED HOTEL 529 Room Keys 21
Slide 22: Hotels Pipeline
HOTELS PIPELINE BELMONT HOTEL MACTAN The Mactan Newtown│ 550 rooms BELMONT HOTEL ILOILO 90% Sold Iloilo Business Park│ 405 rooms 90% Sold 3,039 Room Keys CHANCELLOR HOTEL BORACAY Boracay Newcoast│ 554 rooms 92% Sold GRAND WESTSIDE HOTEL Westside City│ 1,530 rooms 94% Sold
Slide 23: E-Commerce Platform
E-COMMERCE PLATFORM QoQ ORDERS BRANDS TOTAL QoQ GMV CREDIT CARD GROWTH (%) DOWNLOADS GROWTH (%) TRANSACTION (%) 160 1,040 301k 170 75 23
Slide 24: Digital Innovations
DIGITAL INNOVATIONS PAYMENT REGISTERED TOTAL REGISTERED PLATFORMS USERS COLLECTIONS (Pm) PROPERTIES 21 13.9k 124 70 24
Slide 25: First Half 2021 Results Analyst Presentation
FIRST HALF 2021 RESULTS ANALYST PRESENTATION (06 August 2021)