presentation to analysts full year 2011 briefing · 20.4% 11.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0%...

1

Presentation to Analysts

Full Year 2011 Briefing

April 16, 2012

2

Agenda

1. Pre-Sales

2. Financial Statements

3. Project Update

4. Land Bank

5. 2012 Key Initiatives

3

1. Pre-Sales

4

Industry Leading International Sales…

FY 2011 Pre-Sales (in Peso)

Philippines

33%

International

67%

Note: A project is defined as Luxury, Middle Income and Affordable if the majority of the units in a project are over P7M,

between P3.5M to P7M, and between P1.2M to P3.5M respectively.

Peso in Millions

2,661

6,088

12,279

5,363

0

5,000

10,000

15,000

20,000

2010 2011

Philippines International

8,023 18,367

129%

Units

676

1,286

4,081

1,649

0

2,000

4,000

6,000

2010 2011

Philippines International

2,325 5,367

131%

5Note: A project is defined as Luxury, Middle Income and Affordable if the majority of the units in a project are over P7M,


…Allowing to Distribute a Multiple Price Point Portfolio

FY 2011 Pre-Sales (in Peso)

Luxury

21%

Middle Income

51%

Affordable

28%

Units

343

2,725

2,298

509

0

2,000

4,000

6,000

2010 2011

Luxury Middle Income Affordable

2,325 5,367

131%

Peso in Millions

3,940

9,204

5,223

2,330

0

5,000

10,000

15,000

20,000

2010 2011

Luxury Middle Income Affordable

8,023 18,367

129%

6

On Track to Hit P20B Pre-Sales FY 2012 Target



Q1 2012: P5.3B, 812 units

Luxury

42%

Middle Income

41%

Affordable

17%

Q1 2012: P5.3B, 812 units

Philippines

42%

International

58%

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Conscious Effort to Have a Balance Portfolio



4 Current Master Planned Developments

Luxury

21%

Middle income

54%

Affordable

25%

Pro Forma: 7 Master Planned Developments

Luxury

14%

Middle income

40%

Affordable

46%

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2. Financial Statements

9

Low Gearing, With Significant Headroom to Increase

Leverage

41.6%

32.0%

20.4%

11.9%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

Debt-to-Equity Ratio Net Debt-to-Equity Ratio

2010 2011

Amount in Millions 2010 2011

Cash and Cash Equivalents 283 367

Total Assets 7,555 10,029

Total Borrowings 1,226 883

Net Debt 943 516

Stockholder's Equity 2,950 4,332

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Historical 2011 Net Income With a 382% Growth

Amount in Millions

2010 2011 Growth

Revenue

Real estate sales 2,613 3,761

Gain from change in fair value of investment properties 148 -

Property management fee and other services 172 192

Interest and other income 138 750

Total Revenue 3,072 4,702 53%

Total Costs 2,791 3,455 24%

Income Before Tax 280 1,247 345%

Provision for Income Tax 101 381

Net Income 180 866 382%

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Improving Margins and Returns



37.1%

5.8%

41.7%

18.4%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

Gross Profit Margin Net Income Margin

2010 2011

2.7%

6.6%

9.9%

23.8%

0.0%

10.0%

20.0%

30.0%

Return on Assets Return on Equity

2010 2011

Real Estate Sales

99%

88%

1%

12%

0%

25%

50%

75%

100%

2010 2011

Middle Income Affordable

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3. Project Update

13

15% Growth Over 2010 New Launches

14,693

16,868

13,500

14,000

14,500

15,000

15,500

16,000

16,500

17,000

17,500

2010 2011

14,693

Amount (in millions)

16,868

2,701

3,134

0

1,000

2,000

3,000

2010 20112010 2011

2,701

No. of Units

3,134

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Un-Booked Revenues of ~P25B from built up pre-

sales

Project

Target

Market Location

Total

GFA

(sq.m.)

Percentage

Sold

Percentage

Completed

Total

Units

Projected

Completion

Gramercy Residences Middle-Income

Makati City

117,463 96% 85% 1,408 2012

Knightsbridge

Residences

Middle-Income

Makati City

90,334 99% 45% 1,310 2013

The Milano Residences Luxury

Makati City

61,489 76% 7% 354 2014

Centuria Medical Makati Middle-Income

Makati City

67,669 72% 0% 585 2014

Trump Tower Manila Luxury

Makati City

53,584 46% 0% 222 2015

Lifestyle Center N/A

Makati City

49,143 Rent Only 5% — 2013

Acqua Private

Residences

Middle-Income Mandaluyong City 198,283 54% 0% 2,819 2014

onwards

Azure Urban Resort

Residences

Affordable Parañaque City 317,143 59% 10% 5,511 2012

onwards

Canyon Ranch Middle- Income Carmona, Cavite 83,889 96% 80% 955 Ongoing

per house

Expected Projects in

Century City

N/A Makati City 146,027 0% 0% 2,539 N/A

Total 1,185,024 15,703



Note: As of December 31, 2011

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Tallest Tower Turning Over and Retail Mall

Transforming Century City

Gramercy Residences Retail Mall at Century City

16

Azure Ahead of Schedule

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Recent Model Unit Openings: Trump Tower

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Recent Model Unit Openings: Acqua Livingstone By

Missoni Home

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4. Landbank

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Continued Transformational Landbanking with

Three Major Projects

• Diversify in the affordable market via Quezon City projects

• 4.4HA Commonwealth, Quezon City: Mid 2012 launch

• 50HA Novaliches, Quezon City: Master planning has begun

• Diversify to the tourism and retirement market

• 142HA Batulao, Batangas project: Master planning has begun

• Above sites prime for development of commercial assets to generate leasing

income

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5. 2012 Key Initiatives

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2012 Key Initiatives

• Dividends

• 10% of 2011 Net Income

• 2012 Net Income Guidance

• At least 100% increase

• Outlook

• Upbeat

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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 completeness

of the information presented in these materials.

Neither the Company nor any of its affiliates, advisers or representatives accepts any liability whatsoever for

any loss howsoever arising from any information presented in these materials. The information presented or

contained in these materials is subject to change without notice and its accuracy is not guaranteed.These

materials contain statements that constitute forward-looking statements. These statements include

descriptions regarding the intent, belief or current expectations of Century or its officers with respect to the

consolidated results of operations and financial condition of Century. These statements can be recognized by

the use of words such as "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates",

"would", "plans", "could", "predicts", "projects", "estimates", "foresees," or words of similar meaning. Such

forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and

actual results may differ from those in the forward-looking statements as a result of various factors and

assumptions. Century has no obligation and does not undertake to revise forward-looking statements to

reflect future events or circumstances.

presentation to analysts full year 2011 briefing · 20.4% 11.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0%...

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