Alphaland Corporation 3Q 2012 Financial Results
|
|
- Kathryn Hancock
- 5 years ago
- Views:
Transcription
1 Alphaland Corporation 3Q 2012 Financial Results November 2012
2 Agenda Company Presentation Company overview Corporate and shareholding structure Business strategies Our projects Financial performance Appendix Q&A 1
3 Company Overview
4 Who we are A unique property developer with attractive land bank at prime locations, differentiating itself through the development of premium residential, commercial, leisure and resort properties with unique lifestyle propositions Makati Place (residential) Makati Place (retail) Alphaland Tower Alphaland Bay City Southgate Mall and Tower Marina Club The City Club Balesin Island Club Boracay Gateway Shangri-La at The Fort 3
5 Our history Selective and strategic acquisition of land bank and development of properties over the last five years May: Alphaland Development Inc. (then known as Alphaland Corporation) was incorporated Sep: Alphaland acquired 10ha of land in Parañaque City for the development of Alphaland Bay City Nov: Alphaland acquired 30ha of land in Silang, Cavite Jun: Alphaland acquired the leasehold rights for 1ha of land for Alphaland Makati Place and the land for Alphaland Tower Aug: Alphaland Southgate Mall opened and Alphaland Southgate Tower was launched Nov: Completion of reverse takeover ( RTO ) of Macondray Plastics, Inc. May: Commenced construction of Alphaland Makati Place and Alphaland Tower Aug: Commenced marketing of Alphaland Makati Place Dec: Alphaland Southgate Tower fully leased Jan: Alphaland acquired and redeveloped Alphaland Southgate Mall and Tower May: Alphaland acquired 20% in Shangri-La at The Fort Mar: Memorandum of Agreement was signed with Akean Resorts for the development of Boracay Gateway Apr: Memorandum of Agreement was signed with Balesin Corporation for Alphaland Balesin Island Club Feb: Alphaland Balesin received endorsement from DOT to develop 394ha of land for registration with Philippine Economic Zone Authority Feb: Commenced marketing of Alphaland Tower Apr: Incorporation of Alphaland Bay City, soft opening of Balesin Village Sep: Start of breakwater for Marina Club Nov: Launch of Marina Club 4
6 Corporate and shareholding structure Simplified corporate structure Alphaland Holdings (Singapore) Pte. Ltd. ( Ashmore ) Masrickstar Corporation Boerstar Corporation RVO Capital Ventures Corporation Azurestar Corporation Others 38.7% 35.8% 8.5% 7.2% 1.4% 8.5% Alphaland Corporation (the Company or Group ) Alphaland Development Inc % 100.0% 100.0% 50.0% 20.0% Alphaland Balesin Island Resort Corporation Aklan Boracay Properties, Inc. Alphaland Bay City Corp. Shangri-La at the Fort Southgate Mall and Tower Makati Place Alphaland Tower Silang Balesin Island Club 60% interest in Boracay Gateway JV Alphaland Bay City JV with Wenceslao Group In addition, Alphaland develops and sells preferred shares of the following clubs, which are owned, operated and managed by an affiliate not within the Group: Balesin Island Club The City Club at Alphaland Makati Place Marina Club (Launched on 8 November 2012) 5
7 Business strategies 1 Deliver real value to customers as excellence sells itself 2 Create markets in unique leisure developments 3 Penetrate domestic and international markets 4 Selective acquisition and strategic developments 6
8 Alphaland s unique approach to property development We focus on and develop properties that cater to discerning customers who are able to truly understand and appreciate the finer details in our developments Live Work Play Emphasis on design and quality International-standard architectural and interior design Landmark properties Interior of Alphaland Makati Place residential unit Offer ultimate lifestyle choices Clubs (1) City, Marina, Balesin Exclusive properties Catering to high net worth individuals in the country, expatriates and foreign investors Conceptual design for Marina Club clubhouse Focus on location and convenience Urban projects are in prime and strategic locations Resort projects are conveniently located Balesin Island Phuket village (1) Through the sale of the clubs preferred shares. Clubs are owned, operated and managed by an affiliate not within the Group. 7
9 Overview of Alphaland s projects We have a robust pipeline of residential, commercial, leisure and resort developments, which have significantly appreciated since the Company acquired the land Expected project completion timeline (1) Property name Alphaland Southgate Operational since 2009 Alphaland Balesin Partially operational Construction completion Alphaland Makati Place Completion of Mall and City Club Completion of residential Completion of hotel / serviced apartments Alphaland Makati Tower Construction completion Alphaland Bay City Develop Marina Club Opening of Marina Club Continuation of development of Bay City Shangri-La at the Fort Construction completion Boracay Gateway Development of Boracay Gateway (1) This chart reflects the completion dates currently being targeted by the Company, which are subject to a number of factors and may change from time to time. 8
10 Strong management team and shareholders We believe that our management team s collective experience in the real estate industry, as well as in other businesses in the Philippines, has allowed us to successfully execute our strategies Management Position Mario Oreta President Marriana Yulo Chief Finance Officer Gen. Cyrano Austria SVP for Projects Rodolfo Ponferrada Corporate Secretary & General Counsel Joanna Duarte VP for Sales & Marketing Kenneth Go VP for Planning & Design Josefino B. Siasat VP for Purchasing Years of relevant experience Major shareholders Joint venture between the Ongpin Group and Ashmore Group Roberto V. Ongpin, Chairman and CEO Mr. Ongpin has extensive experience in the Board of Directors of listed companies in the Philippines and overseas Relevant position includes his role as non- Executive Director of Shangri-La Asia Ltd. Eric O. Recto, Vice-Chairman, Corporate Information Officer Likewise, Mr. Recto has extensive experience in the Board of Directors and management teams of listed companies in the Philippines Notable position includes his role as President of Petron Corporation Ashmore Group plc Private equity fund Based in London with over US$60 billion in assets under management (1) (1) Ashmore website, as of 30 June
11 Achievements in 2012 year-to-date Key financial milestones Financial metric as of 9M 2012 PHP in millions vs. 9M 2011 Revenue (1) % Adjusted EBITDA (1) % Profit before tax 2, ,302.1% Adjusted Profit before tax (2) % Net income 1, % Adjusted net income (3) % Net debt to equity (%) 17.3% 10.8% (1) Includes realized gains on sale of AFS investments. (2) Excludes pre-tax gain on fair value change of investment properties and gain on bargain purchase. (3) Excludes after tax gain on fair value change of investment properties, gain on bargain purchase and net income from discontinued operations. Assumes 30% tax rate. 10
12 Operational update Property name Status as at 3Q 2012 Alphaland Southgate Tower Completed and 100% occupied Alphaland Southgate Mall Completed and 93% occupied Alphaland Makati Place The City Club at Alphaland Makati Place 75% of Phase 1 completed and the mall expected to be operational by 1Q 2013, residential tower 1 expected turnover by end residential units have been pre-sold as of September 30, % construction completed and expected to be operational by 1Q shares sold (including shares attached to residential units) as of September 30, 2012 (out of a total of 5,000 shares, of which 90% will be sold on a secondary basis by the Company) Alphaland Tower 82% of construction completed and expected to be operational by January 2013 Alphaland Balesin Island Club Alphaland Marina Club 82% of construction completed and expected to be 100% complete by 1Q out of the 7 villages are operational after the soft opening of the club in April local and 100 international shares sold as of September 30, 2012 (out of a total of 7,000 shares, of which 90% will be sold on a secondary basis by the Company) Construction of club formally launched on 8 November 2012 and scheduled to open in 2014 Expected to sell 5,000 shares, of which 90% will be sold on a secondary basis by the Company Shangri-La at the Fort 12.5% of construction completed to-date, and hotel scheduled to complete in
13 Our Projects
14 Prime city locations Alphaland Makati Place, Alphaland Tower and Alphaland Southgate Close to other prime offices, hotels, shopping complexes and medical buildings Makati Medical Centre & Medical City Alphaland Makati Place RCBC Tower Alphaland Southgate Greenbelt Mall The Enterprise Centre Alphaland Tower Philamlife Tower Glorietta Mall Makati Shangri-La Ayala Tower One and Ayala Triangle The Peninsula Manila Mandarin Oriental 13
15 Prime city locations (cont d) Alphaland Bay City is adjacent to Mall of Asia and new Entertainment City Ninoy Aquino International Airport SM Mall of Asia Alphaland Bay City Entertainment City Bloomberry s Solaire Casino Belle Grande Resorts & Casino Resorts World Manila Bayshore Manila Bay Resorts 14
16 Projects Alphaland Southgate Description Conveniently located at the corner of Epifanio de los Santos Avenue (EDSA) and Pasong Tamo 20-storey modern structure clad in glass, connected to an MRT terminal, arising from a six-story podium and a shopping mall Equally accessible from Makati s central business district and neighboring residential subdivisions Operational since August 2009 Key operating statistics Occupancy as at 30 September 2012 Tower Mall 100% 93% Average lease life 5 years 2 to 3 years GFA c. 37,000 sqm c. 17,000 sqm NLA c. 32,540 sqm c. 7,640 sqm Key tenants Business process outsourcing Supermarket, fastfood chains View from rooftop of mall View from driveway 15
17 Projects (cont d) Alphaland Tower Status update Description Strategically located along Ayala Avenue 34-storey building with LEED (Leadership in Energy and Environmental Design) certification Only new source of premium corporate office in the vicinity in 2013 Alphaland Tower South elevation Occupancy Profiles of target tenants primarily include multinational corporations and financial services companies Floor area GFA: c. 48,000 sqm NLA: c. 31,000 sqm Estimated timeline (1) : December 2012: Project completion January 2013: Commencement of operations Development cost (2) : Total estimated development cost: PHP 3.1 billion Funding expected to come from: Existing PHP 2.4 billion loan facility from DBP, LBP, BOC and Maybank, of which PHP 1.5 billion has been drawn as of 30 September 2012 (1) These are the completion dates currently being targeted by the Company, which are subject to a number of factors and may change from time to time. (2) These are the Company s current expected development costs, which are subject to a number of variables and other factors, many of which are outside the control of the Company, and are based on assumptions that include, without limitation, expected construction costs, interest rates and timetable and expected raw material and other input and development costs, many of which have not yet been contracted for the Company, and accordingly these expected development costs are subject to change from time to time. 16
18 Projects (cont d) Alphaland Makati Place Residential, Retail and Hotel Description Mixed-use development designed by Wong & Ouyang, a leading international architectural and design firm Strategically located at Ayala Ave. extension, near other condominium developments, prime offices, and a reputable hospital Planned hotel / serviced apartments (One tower) Residential (Two towers) Mall The City Club at Alphaland Makati Place (1) Average lease life: 5 to 15 years (anchor) 3 to 5 years (average) Key tenants include a supermarket, a hardware store and a bookstore (1) Owned, operated and managed by an affiliate not within the Group. 17
19 Projects (cont d) The City Club at Alphaland Makati Place (1) Garden pool Description Two hectares of leisure, entertainment and business facilities Expected to occupy the top three floors of the six-storey podium at Alphaland Makati Place Within walking distance from major offices, residential buildings and commercial establishments Gymnasium Reception area (1) Owned, operated and managed by an affiliate not within the Group. 18
20 Projects (cont d) Status update on Alphaland Makati Place On-time and within budget Mall City Club Residential Hotel / Serviced Apartment Expected completion Total estimated development cost (1) 1Q 2013 (87% pre-leased) 1Q c. PHP 8.4 billion Funding expected to come from: PHP 7.0 billion term loan in talks with several banks for a syndicated loan This amount includes refinancing of drawn amount (PHP 1.2 billion) from the existing PHP 1.75 billion loan facility from DBP, LBP, BOC and Maybank Remainder expected to come from internal cash flows (pre-sales, share sales and equity) Corner of Ayala Avenue and Malugay Street View from FEU Corner of Ayala Avenue and Malugay Street (1) These are the Company s current expected development costs, which are subject to a number of variables and other factors, many of which are outside the control of the Company, and are based on assumptions that include, without limitation, expected construction costs, interest rates and timetable and expected raw material and other input and development costs, many of which have not yet been contracted for the Company, and accordingly these expected development costs are subject to change from time to time. 19
21 Projects (cont d) Balesin Island Club (1) Description Over 400ha island with seven themed villages inspired by world renowned seaside destinations containing 292 villas, including 14 suites in the clubhouse, across approximately 90ha Approximately 18 minutes away from Metro Manila by Jet Stream 32 Development cost: Total estimated development cost: PHP 3.2 billion (2) Funding expected to come from: PHP 2 billion credit line from Bank of Commerce (1) Owned, operated and managed by an affiliate not within the Group. (2) These are the Company s current expected development costs, which are subject to a number of variables and other factors, many of which are outside the control of the Company, and are based on assumptions that include, without limitation, expected construction costs, interest rates and timetable and expected raw material and other input and development costs, many of which have not yet been contracted for the Company, and accordingly these expected development costs are subject to change from time to time. 20
22 Projects (cont d) Village developments at Balesin: Bali 98 villas are operational to date Expected to have an additional 81 villas operational by end November and remaining 113 villas by 1Q 2013 Mykonos Nusa Dua Bar and Mykonos Taverna are operational and Mykonos Cove Deck is completed Phuket Sala is operational and 30 Phuket villas to be operational by end November Construction at Toscana is in progress and expected to have 32 villas, and be operational by 1Q 2013 Recently added Costa del Sol village, which is expected to have 48 villas and be operational by 1Q 2013 Phuket St. Tropez Toscana 21
23 Projects (cont d) Alphaland Bay City Description Artist s impression of retail strip Expected to be built around the Marina Club, Alphaland Bay City is expected to be a 32ha premium, selfcontained seaside community It is envisioned to be a premier location for premium residential, office, commercial and retail developments Marina Club launched on 8 November 2012 Artist s impression of the Marina Club Artist s impression of Parkside residential section 22
24 Projects (cont d) Boracay Gateway Aerial views of Boracay Gateway Description Fully-integrated master-planned leisure township, with sports, recreation, residential, and retail / commercial areas, including an all-weather polo field and country club 5 to 10 minutes away by boat from Boracay island Beach adjacent to Boracay Gateway 23
25 Projects (cont d) Shangri-La at The Fort Description Expected to be built to the specifications of a premium hotel 60-storeys containing hotel guest rooms, residences for lease and sale, a sports club and a retail area Located in Bonifacio Global City, which is a 30-minute drive from the airport and 10-minute drive from Makati CBD Construction information Estimated to be completed by 2014 (1) Alphaland s ownership: 20% Investment to date: PHP 1.1 billion Already fully funded (1) These are the completion dates currently being targeted, which are subject to a number of factors and may change from time to time. 24
26 Financial Performance
27 Income statement Revenues (Includes realized gains on sale of AFS investments) (in PHP millions) EBITDA (Includes realized gains on sale of AFS investments) (in PHP millions) n.m. 54% 51% 59% Profit before tax (Excludes pre-tax gain on fair value change of investment properties and gain on bargain purchase) (in PHP millions) M11 9M12 n.m. 49% 48% 48% Net income (Excludes after tax gain on fair value change of investment properties, gain on bargain purchase and net income from discontinued operations. Assumes 30% tax rate.) (in PHP millions) (108) M11 9M12 EBITDA margin n.m. 44% 68% 44% (184) M11 9M12 PBT margin (209) M11 9M12 Net income margin 26
28 Balance sheet Total assets (in PHP millions) Net debt (in PHP millions) 33,856 39, % 8.4% 17.3% 4,918 17,985 1,158 2, M M12 Net debt/equity Investment properties at fair value (in PHP millions) Shareholders equity (in PHP millions) 15,338 18,046 21,164 24,338 28,473 13, M12 ABC ASG AT ABIC AMP Silang Caticlan AMC M12 27
29 Strong balance sheet management with staggered debt maturities Debt maturity profile as at 30 September 2012 (PHP in millions) 16.4% 19.8% 9.5% 16.4% 11.5% 8.1% 18.2% Key debt metrics Amount (PHP billion) Gross debt 5.3 (1) Net debt 4.9 (1) 93 Interest coverage 3.1x (1) After 2017 Facility 1 Facility 2 Facility 3 Credit line 1 (2) Well staggered debt maturity profile The Company has sufficient debt capacity to support its capital expenditure requirements in the next 12 to 24 months Significant undrawn but committed lines % total debt (1) As at and for the quarter ended 30 September Interest coverage is calculated as LTM EBITDA / interest paid and other financing charges. EBITDA includes realized gains on sale of AFS investments. (2) Represents drawdowns from PHP2 billion Bank of Commerce credit line, which are payable 180 days after drawdown. 28
30 Appendix
31 Our portfolio A variety of existing and potential properties which can be developed further to maximize value Property name Location Type Approximate size Alphaland Southgate Mall and Tower Makati City Office, Retail Tower NLA: 32,540 sqm Mall NLA: 7,640 sqm Balesin Island Club (1) Quezon Province Club membership Site area: 424ha Alphaland Makati Place (ex. The City Club) Makati City Retail, Residential, Hotel/serviced apartments Mall NLA: 5,700 sqm Residential sellable area: 42,731 sqm Hotel/serviced apartments: 13,285 sqm (202 rooms) The City Club (1) Makati City Club membership - Alphaland Tower Makati City Office NLA: 31,000 sqm For sale: 6,730 sqm Alphaland Bay City Parañaque City Township development Site area: 32ha Marina Club (1) Parañaque City Club membership - Boracay Gateway Aklan Province Township development Site area: 500ha Shangri-La at The Fort Bonifacio Global City Residential, Hotel 574 hotel rooms 97 hotel residences 98 luxury homes Silang Cavite Province Land Site area: 30ha Alphaland also owns a 50% stake in Alphaland Heavy Equipment Corporation (1) Owned, operated and managed by an affiliate not within the Group. 30
CENTURY PROPERTIES GROUP, INC. Analysts Presentation: FY 2013 Results April 2014
CENTURY PROPERTIES GROUP, INC. Analysts Presentation: FY 2013 Results April 2014 IMPORTANT NOTICE AND DISCLAIMER These materials have been prepared by Century Properties Group Inc. (together with its subsidiaries,
More informationOUE Commercial REIT s Portfolio To Exceed S$3.0 Billion With Proposed Acquisition Of Indirect Interest In One Raffles Place
PRESS RELEASE For Immediate Release OUE Commercial REIT s Portfolio To Exceed S$3.0 Billion With Proposed Acquisition Of Indirect Interest In One Raffles Place 10 June 2015 OUE Commercial REIT Management
More informationCENTURY PROPERTIES GROUP, INC. Analysts Presentation April 20, 2017
CENTURY PROPERTIES GROUP, INC. Analysts Presentation April 20, 2017 IMPORTANT NOTICE AND DISCLAIMER These materials have been prepared by Century Properties Group, Inc. (together with its subsidiaries,
More informationCENTURY PROPERTIES GROUP, INC. Analysts Presentation: Q Results 14 August 2013
CENTURY PROPERTIES GROUP, INC. Analysts Presentation: Q2 2013 Results 14 August 2013 IMPORTANT NOTICE AND DISCLAIMER These materials have been prepared by Century Properties Group Inc. (together with its
More informationSUNTEC REIT FINANCIAL RESULTS. For the 2 nd Quarter and Half Year ended 30 June 2017
SUNTEC REIT FINANCIAL RESULTS For the 2 nd Quarter and Half Year ended 30 June 2017 26 July 2017 Agenda 03 2Q 17 Highlights 05 Financial Highlights 18 Office Portfolio Performance 25 Retail Portfolio Performance
More informationPresentation for REITs Symposium 2016
Presentation for REITs Symposium 2016 4 June 2016 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 1Q 2016 dated 10 May 2016.
More informationProposed Acquisition of an Indirect Interest in One Raffles Place. 10 June 2015
Proposed Acquisition of an Indirect Interest in One Raffles Place 10 June 2015 Disclaimer This presentation should be read in conjunction with the announcement on the proposed acquisition of an indirect
More informationProperty Finder PH - Sale, Rent and Sell Houses in the Philippines 8,600,000
Property Finder PH - Sale, Rent and Sell Houses in the Philippines Image not readable or empty /application/views/default/logo/propertyfinder-logo.png Metro Manila, Makati 8,600,000 Condominium for sale
More informationSUNTEC REIT FINANCIAL RESULTS. For the 1 st Quarter ended 31 March 2017
SUNTEC REIT FINANCIAL RESULTS For the 1 st Quarter ended 31 March 2017 26 April 2017 Agenda 03 Q1 17 Highlights 05 Financial Highlights 15 Office Portfolio Performance 22 Retail Portfolio Performance 29
More informationCompany Newsletter(August 2017)
Company Newsletter(August 2017) Stock ( September 8th, 2017): > Contracted Sales Closing Price : 52-week High/Low : Market Cap : 3.95 HK$ 2.11-4.19 HK$ 15,789 million HK$ No. of Issued Shares : 3,997 million
More informationFirst Sponsor Group Limited Investor Presentation 24 July 2015
First Sponsor Group Limited Investor Presentation 24 July 2015 The initial public offering of the Company s shares was sponsored by DBS Bank Ltd., who assumes no responsibility for the contents of this
More informationThe New Face of Success
The New Face of Success Success is in the Air Nothing says you ve made it quite like a Makati address. Known as the country s premier business and financial district, this City is one place where most
More informationNEW RECORD HIGH Condominium pre-sales reach historical high, but slower launches threaten 2019 take-up
Joey Roi Bondoc Manager Research Philippines +632 858 9057 Joey.Bondoc@colliers.com NEW RECORD HIGH Condominium pre-sales reach historical high, but slower launches threaten 2019 take-up Summary & Recommendations
More informationYear-end 2008 Performance. Analysts Briefing February 10, 2009
Year-end 2008 Performance Analysts Briefing February 10, 2009 1 FY08 Revenue Breakdown Development business accounted for half of consolidated revenues Php 33.7 billion Shopping Centers (13%) Corporate
More informationDEVELOPING EAST CAIRO SINCE
1 DEVELOPING EAST CAIRO SINCE 1959 MNHD at a glance 2 2019 MNHD Corporate History & Structure MNHD is currently positioned as one of the leading real estate developers in Egypt MNHD s history dates back
More informationSuburban Sanctuary in the City
Suburban Sanctuary in the City HLURB TLS No. ENCRFO-12-11-056 Every single day, SM touches the lives of millions of people through its stores, malls, banks, hotels and leisure facilities. Now too, Filipinos
More informationPresentation Results. 6th March 2015
Presentation 6th March 2015 2014 Review Strong underlying profit Increased contribution from commercial portfolio Moderately reduced residential performance despite strong profits from Hong Kong and mainland
More informationManila Office Trends Report Q3, Real Estate Industry Summary: Office Market Overview - Metro Manila
Incl. Preview of Manila Residential Market and Serviced Offices P 7,500 Manila Office Trends Report Q3, 2011 Real Estate Industry Summary: Figure 1) Vacancy rates at the end of 2nd quarter of 2011. Commercial
More informationPROJECT OVERVIEW West Service Rd., Bgy. Sun Valley, Bicutan, Parañaque 3.1 Hectares (31, sqm.)
SALES KIT PROJECT OVERVIEW Location : West Service Rd., Bgy. Sun Valley, Bicutan, Parañaque Land Area : 3.1 Hectares (31,313.75 sqm.) Type of Development : Medium-rise Residential development : 11 medium
More informationSTABLE OCCUPANCY DESPITE RAMPED UP SUPPLY
COLLIERS QUARTERLY RESIDENTIAL MANILA Q3 2018 20 NOVEMBER 2018 Joey Roi Bondoc Manager Research Philippines +(632) 858 9057 Joey.Bondoc@colliers.com STABLE OCCUPANCY DESPITE RAMPED UP SUPPLY Summary &
More informationDEVELOPER: www.megaworldcorp.com officialmegaworldcorp ISO 9001:2000 CERTIFIED megaworld_corp megaworld_corp All plans, information and illustrations in this brochure are for identification and reference
More informationAscott Residence Trust A Leading Global Serviced Residence REIT
Ascott Residence Trust A Leading Global Serviced Residence REIT Acquisition of a Second Property in New York, United States of America 1 14 March 2016 Disclaimer IMPORTANT NOTICE The value of units in
More informationProject Briefing October 2011
Project Briefing October 2011 Target Market End-users and Investors Professionals working or doing business in the business districts, particularly in Makati, Ortigas, Bonifacio Global City and Rockwell
More informationTechnical Briefing February 2016 FOR TRAINING PURPOSES ONLY TLS # ENCRFO
Technical Briefing February 2016 FOR TRAINING PURPOSES ONLY About SMDC Every single day, SM touches the lives of people through its stores, malls, banks, hotels and leisure facilities. And now, Filipinos
More informationYing Li International Real Estate Limited 1Q2015 Financial Results 15 May 2015
New Beijing Centre. Tongzhou Beijing Artist s Impression Ying Li International Real Estate Limited 1Q2015 Financial Results 15 May 2015 Ying Li International Financial Centre, Chonqging Disclaimer This
More informationTimbercreek. U.S. Multi-Residential Opportunity Fund #1. Semi-Annual Investor Update
Timbercreek U.S. Multi-Residential Opportunity Fund #1 Semi-Annual Investor Update FORWARD LOOKING STATEMENT Certain statements in this presentation about Timbercreek U.S. Multi-Residential Opportunity
More informationClick to edit Master title style. 7 March 2016
Click to edit Master title style Rights Issue for the Acquisition of Crowne Plaza Changi Airport Extension 7 March 2016 NEITHER THIS PRESENTATION NOR ANY COPY THEREOF MAY BE RELEASED, PUBLISHED OR DISTRIBUTED,
More informationReport on 2018 Second Quarter Operating and Financial Results
Report on 2018 Second Quarter Operating and Financial Results Forward-Looking Statements This press release includes "forward-looking statements." These statements are subject to a number of risks, uncertainties
More informationClick to edit Master title style. Roadshow Presentation 16 and 17 March 2016
Click to edit Master title style Rights Issue for the Acquisition of Crowne Plaza Changi Airport Extension Roadshow Presentation 16 and 17 March 2016 NEITHER THIS PRESENTATION NOR ANY COPY THEREOF MAY
More informationFern at Grass Residences - Saleskit 7_5 X 12 in - September 2015.indd 1
Fern at Grass Residences - Saleskit 7_5 X 12 in - September 2015.indd 1 9/18/2015 4:14:54 PM A FIVE-STAR LIFESTYLE IN THE NORTH Fern at Grass Residences, just beside SM City North EDSA, is an exclusive
More informationPRESENTATION RESULTS Q Aldar Q Results
Q1 2018 RESULTS PRESENTATION DISCLAIMER This disclaimer governs the use of this presentation. You must not rely on the information in the presentations and alternatively we recommend you to seek advice
More informationFirst Quarter May May 2015
First Quarter 2015 Annual Results Stockholders Briefing Meeting 11 May 2015 18 May 2015 Ownership Structure Grand Titan 54.3% Public Float 45.7%* from 40.7% Banking Property Development Power Generation
More informationFern at Grass Residences - Brochure - DieCut - 7_5 X 12 in - June 2015.indd 1
Fern at Grass Residences - Brochure - DieCut - 7_5 X 12 in - June 2015.indd 1 9/16/2015 6:07:08 PM Building Facade, Artist s Perspective Fern at Grass Residences - Brochure - DieCut - 7_5 X 12 in - June
More informationDEVELOPER: www.megaworldcorp.com officialmegaworldcorp ISO 9001:2000 CERTIFIED megaworld_corp megaworld_corp All plans, information and illustrations in this brochure are for identification and reference
More informationSMARTCENTRES REIT ANNUAL GENERAL MEETING Smart Today Smart Tomorrow. May 16, 2018
REIT Smart Today Smart Tomorrow May 16, 2018 FORWARD LOOKING STATEMENTS SmartCentres wishes to remind all participants at this meeting that the presentations which follow contain certain forward-looking
More information3Q2018 EARNINGS CALL. November 08 th, 2018
3Q2018 EARNINGS CALL November 08 th, 2018 BUSINESS RESULTS 9M2018 Sales performance Accumulative sales performance (1) (Units) Handed over units (Units) 24,791 25,282 6,000 P 19,302 3,596 12,034 1,903
More informationShort-term leases to temper rising RFO vacancy
2016 2017F condominium units Colliers Quarterly PHILIPPINES RESIDENTIAL 1Q 2017 11 May 2017 Short-term leases to temper rising RFO vacancy Joey Roi Bondoc Research Manager Completion of residential condominium
More informationFinancial Results for the 2nd Quarter of FY November 8, 2017 NTT Urban Development Corporation
Financial Results for the 2nd Quarter of FY 2017 November 8, 2017 NTT Urban Development Corporation Financial Results for the 2nd Quarter of FY 2017 Operating revenue and operating income were 72.7 billion
More informationPhilippine Capabilities 2013
KMC MAG GROUP Real Estate Firm Philippine Capabilities 2013 Copyright KMC MAG Group CONTENTS 1. About KMC 3-6 2. 7-8 3. 9-10 4. 11 Copyright KMC MAG Group KMC MAG Group, Inc. is an award-winning real estate
More informationFY18 Financial Results 11 October 2018
FY18 Financial Results 11 October 2018 Disclaimer This presentation is for information only and does not constitute an invitation or offer to a c q u i r e, p u r c h a s e or s u b s c r i b e f o r u
More informationFIELD RESIDENCES PEACH TOWER (BUILDING 4)
FIELD RESIDENCES PEACH TOWER (BUILDING 4) LOCATION From South Luzon Expressway, take Sucat Exit. Follow Dr. A. Santos Ave. (Sucat Road) until you reach SM City Sucat. Distance from SLEX 7-kilometers Distance
More information仁恒置地集团 YANLORD LAND GROUP LIMITED. 4Q and FY 2017 Results Presentation
仁恒置地集团 YANLORD LAND GROUP LIMITED 4Q and FY 2017 Results Presentation Yanlord 4Qand FY 2017Business Review Yanlord 4Q and FY 2017 Business Review Averagesellingprice( ASP )rosesignificantlyin4q2017tormb66,234/sqmfromrmb25,739/sqm
More informationAmenity Area, Actual Photo. LTS No
Amenity Area, Actual Photo LTS No. 26949 Every single day, SM touches the lives of millions of people through its stores, malls, banks, hotels and leisure facilities. And now, Filipinos can live in style,
More information26 February 2013 FIRST HALF RESULTS PRESENTATION
26 February 2013 FIRST HALF RESULTS PRESENTATION Investment highlights Proven track record of consistent earnings growth and meeting targets Strategically located and diverse residential portfolio Urban
More informationCASE STUDY DEVELOPER CONTRIBUTES LAND AS EQUITY INTRODUCTION
CASE STUDY DEVELOPER CONTRIBUTES LAND AS EQUITY INTRODUCTION This case study demonstrates where a developer owns a parcel of land that they are developing, and they want the Performance Indicators in the
More informationNational Real Estate Company. Earnings Presentation Q1 FY2014
National Real Estate Company (Kuwait KSE: NRE) Earnings Presentation Q1 FY2014 May 28, 2014 1 Agenda 1. NREC Overview 3 2. Q1 FY2014 Summary 4 3. Financial Performance 5 4. Key Financial Ratios 7 5. Quarterly
More informationPRIMED FOR GROWTH ROXY-PACIFIC HOLDINGS LIMITED. Results Announcement 3rd Quarter Ended 30 September st October 2018
PRIMED FOR GROWTH ROXY-PACIFIC HOLDINGS LIMITED Results Announcement 3rd Quarter Ended 30 September 2018 31 st October 2018 Agenda 1 Financial Performance 2 Business Review 3 Group Borrowings 4 Outlook
More informationKEPPEL LAND LIMITED (Co. Reg. No ) (Incorporated in Singapore)
KEPPEL LAND LIMITED (Co. Reg. No. 189000001) (Incorporated in Singapore) PROPOSED DIVESTMENT OF ONE-THIRD INTEREST IN MARINA BAY FINANCIAL CENTRE TOWER 3 1. INTRODUCTION Keppel Land Limited ( KLL or the
More informationANNUAL GENERAL MEETING. May 29, 2018
ANNUAL GENERAL MEETING May 29, 2018 NON-GAAP MEASURES RioCan s consolidated financial statements are prepared in accordance with IFRS. Consistent with RioCan s management framework, management uses certain
More informationVolume #18 - Quarterly Investor Update (Q3 FY2011) 15 November 2011 ASEANA TRACKER. Property Portfolio Update
ASEANA TRACKER Highlights Successfully completed 280 units in the final phase (Phase 2) of SENI Mont Kiara luxury condominiums in and obtained Certificate of Fitness in October 2011. The 135 units sold
More informationCorporate Update 1H FY2014 Financial Results. 28 August 2014
Corporate Update 1H FY2014 Financial Results 28 August 2014 1H 2014 Key Highlights Achieved 2Q FY14 PATMI of RM89.5m, +132.5% y-o-y Achieved 1H FY14 PATMI of RM97.3m, +18.5% y-o-y Total property sales
More informationFAR EAST H-TRUST PROPOSES TO ACQUIRE OASIA HOTEL DOWNTOWN FOR S$210.0 MILLION
FAR EAST H-TRUST PROPOSES TO ACQUIRE OASIA HOTEL DOWNTOWN FOR S$210.0 MILLION Highlights: 314-room upscale hotel in the Tanjong Pagar area to be acquired pursuant to the right of first refusal from the
More informationFrasers Commercial Trust 3 rd Annual General Meeting. 17 January 2012
Frasers Commercial Trust 3 rd Annual General Meeting 17 January 2012 Important notice Certain statements in this Presentation constitute forward-looking statements, including forward-looking financial
More informationCENTURY PROPERTIES GROUP, INC. Analysts Presentation: Q Results 15 November 2013
CENTURY PROPERTIES GROUP, INC. Analysts Presentation: Q3 2013 Results 15 November 2013 IMPORTANT NOTICE AND DISCLAIMER These materials have been prepared by Century Properties Group Inc. (together with
More informationAkiş REIT 2Q18 Performance Presentation August 2018
Akiş REIT 2Q18 Performance Presentation August 2018 1 Breaking News New Investment Project The project is located in the uprising Aldgate region (London) which is 20-25 min away from central London The
More informationQatar Real Estate Market Overview. Cityscape, March 2017
Qatar Real Estate Market Overview Cityscape, March 217 Qatar Real Estate Market Overview Introduction Overview The fall in oil prices, which started in 214, started to have an impact the real estate market
More informationCompany Newsletter(March 2018)
Stock (9 April, 2018): Closing Price : HK$ 4.13 52-week High/Low : HK$ 3.12-4.82 Market Cap : Company Newsletter(March 2018) 16,509 million HK$ No. of Issued Shares : 3,997 million Recent IR Activities:
More informationCapitaLand Commercial Trust Singapore s First and Largest Commercial REIT Proposed redevelopment of Golden Shoe Car Park
CapitaLand Commercial Trust Singapore s First and Largest Commercial REIT Proposed redevelopment of Golden Shoe Car Park 1 Thursday, 13 July 2017 Disclaimer The past performance of CCT is not indicative
More informationClick to edit Master title style. Presentation at REITs Symposium May 2018
Click to edit Master title style Presentation at REITs Symposium 2018 19 May 2018 Important Notice The value of stapled securities in OUE Hospitality Trust ( Stapled Securities ) and the income derived
More informationSecond Quarter 2008 Results
Second Quarter 2008 Results Earnings Release and Supplemental Financial Information Investor Relations Contact: Julia Freitas ri@gafisa.com.br 1 Overview of 2Q08 Results - Wilson Amaral, CEO Financial
More informationSEC Building, ED SA, Greenhills,Mandaluyong City, Metro Manila,Philippines Tel :(632) to 39 Fax:(632)
1111111111111111111111111111111111111111111111111111111111111111111111111111111111111 109082015001939 SECURITIES AND EXCHANGE COMMISSION SEC Building, ED SA, Greenhills,Mandaluyong City, Metro Manila,Philippines
More informationPRESENTS AN EXCLUSIVE ADDRESS FOR BUSINESS AT THE BURJ DISTRICT THE BINARY
PRESENTS AN EXCLUSIVE ADDRESS FOR BUSINESS AT THE BURJ DISTRICT THE BINARY BUILT FOR BUSINESS The Binary is located just off Dubai s commercial corridor; Sheikh Zayed Road, in the heart of Business Bay,
More informationFOR IMMEDIATE RELEASE 2 MARCH 2011 CDL HOSPITALITY TRUSTS PROPOSES TO ACQUIRE STUDIO M HOTEL SINGAPORE
FOR IMMEDIATE RELEASE 2 MARCH 2011 CDL HOSPITALITY TRUSTS PROPOSES TO ACQUIRE STUDIO M HOTEL SINGAPORE Purchase Consideration values Studio M Hotel at S$154.0 million or approximately S$428,000 per key
More informationCCT and CapitaLand intend to jointly develop Market Street Car Park into an ultra-modern Grade A office tower
FOR IMMEDIATE RELEASE CCT and CapitaLand intend to jointly develop Market Street Car Park into an ultra-modern Grade A office tower - Project estimated to cost S$1.4 billion and designed by the internationallyacclaimed
More informationCentral Pattana Plc. January 10, Property Development and Investment. Central Marina Pattaya Re-launched on 19 December 2016
Central Pattana Plc. Property Development and Investment Central Marina Pattaya Re-launched on 19 December 2016 January 10, 2017 Contents Our Company Financing Looking ahead 2 CPN at a Glance Our company
More informationList of Appendices A-1
List of Appendices A. Letter of Engagement B. 30 Yr. Historical Rates of Change (Hotel) C. Hotel 15 Year Cash Flow Pro Forma (Realistic Scenario) D. Hotel 15 Year Cash Flow Pro Forma (Optimistic Scenario)
More information3Q FY18 Financial Results 10 July 2018
3Q FY18 Financial Results 10 July 2018 Disclaimer This presentation is for information only and does not constitute an invitation or offer to a c q u i r e, p u r c h a s e or s u b s c r i b e f o r u
More informationthe-bridge January - March, 2015 VOL 4 ISSUE 4 Simplicity with Variety!
the-bridge January - March, 2015 VOL 4 ISSUE 4 Simplicity with Variety! Contents 03 Standing Tall 04 Omaxe Presence Across India 05 Business Overview Q4 FY15 06 Business Overview FY15 07 Business Operation
More informationGreat Elm Capital Group, Inc. An Introduction to the Fort Myers Transaction & GEC s Real Estate Strategy
Great Elm Capital Group, Inc. An Introduction to the Fort Myers Transaction & GEC s Real Estate Strategy March 6, 2018 2018 Great Elm Capital Group, Inc. Disclaimer Statements in this presentation that
More informationKOH BROTHERS ACQUIRED PRIME BUKIT TIMAH; AND CHANGI ROAD COMMERCIAL SITES FOR APPROXIMATELY S$19.6 MILLION
NEWS RELEASE KOH BROTHERS ACQUIRED PRIME BUKIT TIMAH; AND CHANGI ROAD COMMERCIAL SITES FOR APPROXIMATELY S$19.6 MILLION Singapore, November 22, 2007 Koh Brothers Group Ltd ( Koh Brothers ), today announced
More informationInstitutional Presentation IIIQ FY 2018
Institutional Presentation IIIQ FY 2018 www.irsa.com.ar IRSA: Leading Real Estate Company in Argentina Largest Real Estate Company in Argentina with opportunistic investments abroad 63.8% 86.34% HOTELS
More informationCompensation report: How much are innovation and R&D execs paid?
Compensation report: How much are innovation and R&D execs paid? If you want bette r pay, you may want to keep inno vatio n out of your title. And avoid assu ming the mantl e of chief innov ation office
More informationPreliminary Results Presentation
Preliminary Results Presentation Year to 30 June 2008 Tuesday 9 September 2008 Alan Bowkett Chairman Chairman s Introduction Early recognition, by management team of industry issues Adjustment in strategy
More informationComstock Holding Companies, Inc. NASDAQ: CHCI. New Business Model Update June 12, 2018
NASDAQ: CHCI New Business Model Update June 12, 2018 DISCLAIMER This release includes "forward looking" statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation
More information4Q & FY16/17 Financial Results
4Q & FY16/17 Financial Results 24 April 2017 Important Notice This presentation shall be read in conjunction with Mapletree Industrial Trust s ( MIT ) financial results for Fourth Quarter Financial Year
More informationBoustead Projects Limited
Boustead Projects Limited FY2017 Annual General Meeting 27 July 2017 Construction Trends in FY2017 Public sector dominating total construction demand. (~ 70% in FY2017) During CY2016, the Singapore Government
More informationProposed acquisitions of CGGVeritas Hub and Rutherford & Science Hub
Proposed acquisitions of CGGVeritas Hub and Rutherford & Science Hub 24 January 2008 Content The Properties Rutherford & Science Hub CGGVeritas Hub Impact on A-REIT Pro forma Financial Effect Portfolio
More informationSTA. LUCIA LAND, INC. (SLI)
Company stats: Price (P) 0.73 52 week high (P) 1.02 52 week low (P) 0.64 Shares out. (m) 8,546.5 Market cap (P m) 6,238.9 ytd change (%) -8.8 EPS (P) 0.1 PER (x) 7.1 BV/share 1.6 P/BV 0.5 Sta. Lucia Land,
More informationPROPERTY ANNUAL REPORT
PROPERTY 6 ANNUAL REPORT 2001 Review of Operations Property 2001 2000 HK$M HK$M Gross rental income derived from Offices 2,261 2,251 Retail 2,144 1,989 Residential 348 372 Other income 75 80 Property investment
More informationA RESIDENCE THAT LINKS STYLE AND CONVENIENCE
ABOUT DUBAI Dubai, one of seven emirates that make up the United Arab Emirates, is a cosmopolitan city that combines innovation and a modern lifestyle with traditional Arabian values. The multicultural
More informationSavillsResearch. Metro Manila. Metro Manila. Office Briefing 3Q 2018
KMC MAG KMCGroup SavillsResearch Research Metro Manila Metro Manila Office Briefing Metro Manila Office Briefing Metro Manila Office Submarkets Future Stock (221) DEVELOPMENT PIPELINE (218-221) CURRENT
More informationProperty. Mashreq. Economic Overview. Wealth Gauge.
Economic Overview United Arab Emirates has continued to benefit from surging confidence, safeheaven status, rising population and stable world class real estate market opportunities. The macroeconomic
More informationes nc eside sta R Shai
I m Home 1 Shaista Residences Shaista Apartments 3 Shaista Residences Chairman s Message 2016 has been a significant year for Azizi Developments. While two of our projects at Al Furjan Azizi Yasamine and
More informationProperty Market Overview 1st Quarter 2010
c o l l i e r s i n t e r n at i o n a l p h i l i p p i n e s m a r k e t ov e rv i e w A p r i l 2 0 1 0 Property Market Overview 1st Quarter 2010 Market Indicators EXECUTIVE SUMMARY Property Indicators:
More informationCAPITALAND COMMERCIAL TRUST ANNOUNCEMENT PROPOSED ACQUISITION OF ASIA SQUARE TOWER 2
CAPITALAND COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) ANNOUNCEMENT PROPOSED ACQUISITION OF ASIA SQUARE TOWER 2 1. INTRODUCTION
More informationProposed Acquisition of the Office Components of OUE Downtown and Rights Issue. 10 September 2018
Proposed Acquisition of the Office Components of OUE Downtown and Rights Issue 10 September 2018 Important Notice This presentation should be read in conjunction with the announcement released by OUE Commercial
More informationSMARTCENTRES REAL ESTATE INVESTMENT TRUST RELEASES SECOND QUARTER RESULTS FOR 2018 AND ANNOUNCES DISTRIBUTION INCREASE
SMARTCENTRES REAL ESTATE INVESTMENT TRUST RELEASES SECOND QUARTER RESULTS FOR 2018 AND ANNOUNCES DISTRIBUTION INCREASE TORONTO, ONTARIO - (August 9, 2018) SmartCentres Real Estate Investment Trust ("SmartCentres"
More informationTrust Management (Suntec) Limited ACQUISITION OF AN INTEREST IN SOUTHGATE COMPLEX, MELBOURNE
Trust Management (Suntec) Limited Suntec Real Estate Investment Trust ( Suntec REIT ) Manager of ACQUISITION OF AN INTEREST IN SOUTHGATE COMPLEX, MELBOURNE 1. INTRODUCTION ARA Trust Management (Suntec)
More informationSECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C
SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c)(iii) THEREUNDER 1. Date of Report (Date of earliest event reported):
More informationReal estate development significant growth driver Company profile and business model High-quality Investment Portfolio
STRATEGY Over three decades of continual development, CA Immo has become distinctly competitive and secured an excellent market position in Central Europe. By letting, managing and developing high quality
More informationEMERGING TOWNS & CITIES SINGAPORE LTD. a.k.a. ETC SINGAPORE. FY16 Corporate Presentation
EMERGING TOWNS & CITIES SINGAPORE LTD. a.k.a. ETC SINGAPORE FY16 Corporate Presentation This presentation may contain forward looking statements that involve risks and uncertainties. Actual future performance,
More informationInstitutional Presentation 2Q FY2017
Institutional Presentation 2Q FY2017 IRSA Commercial Properties (IRCP) at a Glance The leading commercial real estate player in Argentina Largest owner and operator of premium malls and office buildings
More informationInstitutional Presentation 3Q FY2017
Institutional Presentation 3Q FY2017 IRSA Commercial Properties (IRCP) at a Glance The leading commercial real estate player in Argentina Largest owner and operator of premium malls and office buildings
More informationProperty Market Overview 2nd Quarter 2010
c o l l i e r s i n t e r n at i o n a l p h i l i p p i n e s m a r k e t ov e rv i e w j u ly 2 0 1 0 Property Market Overview 2nd Quarter 2010 Market Indicators OFFICE LUXURY RESIDENTIAL RETAIL trends
More informationQ Conference Call Presentation. October 31, 2018
Q3 2018 Conference Call Presentation October 31, 2018 FORWARD LOOKING ADVISORY In talking about our financial and operating performance and in responding to your questions we may make forward-looking statements
More informationEngland Occupancy Survey May 2017 SUMMARY OF RESULTS
England Occupancy Survey 2017 SUMMARY OF RESULTS Room occupancy in 2017 increased +1% to 73%. Bedspace occupancy also increased +1% to 54%. Weekday room occupancy remained stable at 72% whilst weekend
More informationAUGUST 7,
AUGUST 7, 2018 The first residential condominium of Horizon Land Property Development Corporation (HLPDC) along Taft Avenue, Pasay City. It is a mixed-use, residential - commercial condominium development
More informationSekisui House, Ltd. < Presentation >
Sekisui House, Ltd. Transcript for Earnings Results Briefing for the Second Quarter of FY2018 (Telephone Conference) Date: Participants: September 6 th, 2018, Thursday 17:00 18:00 JPT Shiro Inagaki, Representative
More informationCENTURY PROPERTIES GROUP, INC. Company Presentation for the Annual Stockholders Meeting June 29, 2017
CENTURY PROPERTIES GROUP, INC. Company Presentation for the Annual Stockholders Meeting June 29, 2017 IMPORTANT NOTICE AND DISCLAIMER These materials have been prepared by Century Properties Group, Inc.
More informationECONOMIC OVERVIEW 2018/H1. YoY Growth Rate
ECONOMIC OVERVIEW 2018/H1 Value YoY Growth Rate Evolving Retail SUPPLY million m 2 Unchanged QoQ 5% YoY No new project PERFORMANCE Occupancy Gross rent 92% Stable QoQ (2)ppts YoY US$50/m 2 /mth 1% QoQ
More information