Century Properties Group Inc. · PSE:CPG
Century Properties — Shareholder Meeting (June 2017)
31 slides from Century Properties's shareholder meeting presentation, Jun 29, 2017
Slide 1: Company Presentation for the Annual Stockholders' Meeting
CENTURY PROPERTIES GROUP, INC. Company Presentation for the Annual Stockholders‟ Meeting June 29, 2017
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 Real Estate Overview 2 The Masterplanned Communities 3 Financial Overview 4 Update on Century 2020 2
Slide 4: Real Estate Overview
STRICTLY CONFIDENTIAL 1 REAL ESTATE OVERVIEW
Slide 5: Real Estate Overview
REAL ESTATE OVERVIEW The BSP has repeatedly announced that there is no bubble. Nonetheless, the various developers have taken a more prudent/conservative stance with regards to their launches. Take-up has also matched new launches, preventing build up of inventory. No. of Units Year No. of Units Lau
Slide 6: The Masterplanned Communities
STRICTLY CONFIDENTIAL 2 THE MASTERPLANNED COMMUNITIES
Slide 7: Project Completions at CPG's Six Masterplanned Developments Are On Track
PROJECT COMPLETIONS AT CPG’S SIX MASTERPLANNED DEVELOPMENTS ARE ON TRACK At Century City, CPG has completed three residential towers and two commercial projects, Century City Mall and Centuria Medical Makati Another six towers have been delivered at Azure Urban Resort Residences in Paranaque Cit
Slide 8: On Track Completions - Century City
ON TRACK COMPLETIONS - CENTURY CITY Legend: Completed 2017 2019 Forbes Media Tower and 160 units of Centuria Medical Makati are for lease 7
Slide 9: On Track Completion - Azure Urban Resort Residences
ON TRACK COMPLETION - AZURE URBAN RESORT RESIDENCES Legend: Completed 2017 2018 8
Slide 10: On Track Completions - Acqua Private Residences
ON TRACK COMPLETIONS - ACQUA PRIVATE RESIDENCES Legend: Completed 2018 2019 Yosemite is also known as Novotel Suites Manila at Acqua Private Residences 9
Slide 11: On Track Completions - The Residences at Commonwealth
ON TRACK COMPLETIONS - THE RESIDENCES AT COMMONWEALTH Legend:` Completed 2017 2018 2019 10
Slide 12: Financial Overview
STRICTLY CONFIDENTIAL 3 FINANCIAL OVERVIEW
Slide 13: Key Messages
KEY MESSAGES In line with its plan to become a more diversified, multi-product real estate company by 2020, CPG began streamlining its business and laying the foundations for allied business segments as early as 2014. Completion of Current Turning Positive Cash Diversifying Product Projects Flow fro
Slide 14: Key Income Statement Accounts
KEY INCOME STATEMENT ACCOUNTS PHP Millions FY 2016 FY 2015 Revenues* 7,380 10,381 Cost and expenses 6,401 8,250 Income before income tax 978 2,130 Provision for income tax 252 611 Income before income tax 978 2,130 Net income 726 1,519 *Operating Revenues P5.61 B (2016), P8.36B (2015) 15
Slide 15: Increasing Recurring Income from Mall & Centuria
INCREASING RECURRING INCOME FROM MALL & CENTURIA Leasing Revenue increased by 63% in 2016 versus first year of operation of Century City Mall Leasing Revenue PHP Millions 2014 207.0 2015 311.7 2016 337.9* *Leasing revenue from Centuria: P24.6M Average Increase in Mall Foot Traffic (% change vs March
Slide 16: Stable Revenues from Property Management
STABLE REVENUES FROM PROPERTY MANAGEMENT Total Revenues from Property Management PHP Millions 2014 285.7 2015 297.4 2016 302.0 Largest Independent Property Manager with 61 Buildings Totaling 2.5M sqm under Management No. of GFA As of December 2016 projects („000 sqm) Residential 20 1,328 Commercial
Slide 17: Cash Flow Statement
CASH FLOW STATEMENT Positive Cash Flow from Operations for the first time since CPG IPO PHP Millions 2012 2013 2014 2015 2016 Cash Flow from Operations (3,414) (1,633) (3,069) (1,086) 176 Cash Flow from Investing (863) (1,499) (1,097) (967) (925) Cash Flow from Financing 4,812 3,671 4,157 2,633 2,08
Slide 18: Key Balance Sheet Accounts
KEY BALANCE SHEET ACCOUNTS PHP Millions As of December As of December 2016 2015 Cash & Cash Equivalents 3,343 2,008 Total Assets 41,308 37,477 Total Borrowings 15,676 13,916 Net Debt 12,333 11,908 Total Stockholders Equity 15,227 14,634 Current Ratio 2.9x 2.8x Debt-to-Equity Ratio 1.0x 1.0x Net Debt
Slide 19: Potential Future Dividends
POTENTIAL FUTURE DIVIDENDS CPG will maintain minimum nominal aggregate amount of dividends per year, and will consider increasing allocation of cash dividends to its stockholders Current Planned for Future Allocation Cash Dividends (P Mn) 205.1 300.0 400.0 500.0 Dividend Yield 3.2% 4.6% 6.2% 7.7% No
Slide 20: Update on Century 2020
STRICTLY CONFIDENTIAL 4 UPDATE ON CENTURY 2020
Slide 21: The Four Market Segments of CPG
THE FOUR MARKET SEGMENTS OF CPG We are currently present in two operating segments, but, are in the process of diversifying into two “allied real estate” segments, to further strengthen our portfolio. These are based on key secular trends that lead to specific investment and operational opportun
Slide 22: Opportunities in Affordable Housing
OPPORTUNITIES IN AFFORDABLE HOUSING Housing backlog currently estimated at 5.7 million and it is CPG has launched 26HA Affordable Housing project in Tanza, still growing. Collectively, the Cavite and looking at more sites in Bulacan, Batangas and industry is only able to produce Cavite. less than
Slide 23: Opportunities in Leisure and Tourism
OPPORTUNITIES IN LEISURE AND TOURISM By 2022, the Department of Tourism targets tourist arrivals to grow by 103% from 5.9 million last year to CPG is optimistic on the potential of this sector, serving 12 million. the needs of both non-Filipinos and Filipinos who have investible funds and are less
Slide 24: Diversifying Product Portfolio
DIVERSIFYING PRODUCT PORTFOLIO Investment By 2020, when Forbes is completed, we project to have over Php 1 B in Properties revenues Leasing Assets: Gross Floor Area (sqm) 350,000 306,736 300,000 250,000 200,000 172,796 150,000 133,293 133,293 100,000 50,000 - 2016 2017 2018 2019 PSB Asian Novotel
Slide 25: Key Project Launches
KEY PROJECT LAUNCHES Project* Location Area Target No. of Est. Revenue (Hectares) Launch Units (Php Bn) Affordable Tanza, Cavite 26.0 1H 2017 2,877 4.5 Housing Batulao Batangas 6.6 2H 2017 356 2.2 Azure North Pampanga 2.2 1H 2018 148 2.7 Townhouse Acqua Townhouse Mandaluyong 1.4 2H 2018 TBA 1.2 Pala
Slide 26: Key Project Launches: PHirst Park Homes
KEY PROJECT LAUNCHES: PHIRST PARK HOMES CPG is proceeding with its diversification into affordable housing to tap first homebuyer market in high growth areas in the peripheries of Metro Manila Launch of PHirst Park Homes – CPG‟s 2nd joint venture project with Mitsubishi Corp On April 1, 2017, CPG
Slide 27: Key Project Launches: PHirst Park Homes
KEY PROJECT LAUNCHES: PHIRST PARK HOMES 3030
Slide 28: Key Project Launches: PHirst Park Homes
KEY PROJECT LAUNCHES: PHIRST PARK HOMES 3131
Slide 29: Key Project Launches: PHirst Park Homes
KEY PROJECT LAUNCHES: PHIRST PARK HOMES 3232
Slide 30: Key Project Launches: Leisure and Tourism
KEY PROJECT LAUNCHES: LEISURE AND TOURISM CPG is scheduled to launch its first major leisure and tourism project in the latter part of 2017. The project is expected to be another first in the real estate market, remaining true to CPG‟s brand of creating exceptional and sustainable developments. Loca
Slide 31: Thank You
STRICTLY CONFIDENTIAL THANK YOU
Century Properties Group — Shareholder Meeting (June 2017) on 6ix