Annual Shareholders’ Meeting

18 April 2013

2

GDP Growth Rate

A LEADING PHILIPPINE PROPERTY COMPANY

Laoag• Mall • Residential Projects

MallCabanatuan• Mall

Population (in millions)

National Capital Region Laguna

Bulacan

Batangas

PampangaTarlac

Cavite

Pangasinan

•Malls•Office Buildings

•Malls

• Mal•Residential Project

•Mall

•Malls•Residential Projects

• Residential ProjectsRizal•Malls

• Mall

OFW Remittances (in US$B)

Tacloban

Batangas

•Mall•Hotel

•Office Buildings•Hotels•Condominiums

•Hotel• Residential Projects

•Malls•Residential Projects

• Mall

*2012 Based on Estimates

BPO Revenues (in US$B)

Cagayan de Oro

CebuBacolod

DumaguetePuerto Princesa

Iloilo

•Mall

•Malls•Hotel•Office

•Malls•Hotel

•Mall •Hotel

Tourist Arrivals (in millions)

g y

Davao

Gen. Santos

•Mall•Go Hotel • Mall

• Residential Projects•Mall

•Residential Projects

3

•Mall

3

DIVERSIFIED BUSINESS MODEL

ResidentialShopping Malls Office Buildings Hotels ResidentialShopping Malls Office Buildings Hotels

FY2012

Revenue Contribution 68% 32%DEVELOPMENT PORTFOLIOINVESTMENT PORTFOLIO

EBITDA Contribution 86% 14%

EBIT Contribution 81% 19%

4

PhPMM FY2011 FY2012 Variance

INCOME STATEMENT HIGHLIGHTSPhPMM FY2011 FY2012 Variance

Amount %

Revenues 12,807 13,515 708 +6%

Cost and Expenses 8 281 8 281 - -

Posted revenues ofPhP13.5B in FY2012

Cost and Expenses 8,281 8,281

Income before Tax 4,526 5,234 708 +16%

Other Income 328 366 38 12%

Revenue growth of 6%due to strong operatingperformance of alldivisions, led by Hotelsand Malls divisions

Provision for Income Tax 882 1,355 473 +54%

Net Income 3,972 4,245 273 +7%

Net Income atPhP4.2B, a 7% growthvs FY2011

EBITDA at PhP7.3B, a10% growth vs FY2011

REVENUES

EBITDA 6,639 7,318 679 +10%10% growth vs FY2011

FY 2012 CONTRIBUTION

EBITREVENUES

57%

5%

19%48%32%RESIDENTIAL

EBIT

HOTELS

RESIDENTIAL

19%

10%10%HOTELS

5

STABLE RECURRING INCOME AND REVENUES

REVENUES EBITDA EBIT

CAGR: +5% CAGR: +8% CAGR: +9%

1 140 1,302 1,345

313 352 386

442

1,392 1,384 732

975 1,039

842 923 961

130 151 197

271

1,378 1,364 706

940

1,003

33 1,398 1,147 1,206 1,384 5,401 4,335

3,180 4,507

4,304 11,045 10,607 10,821

12,807 13,515

5,3215,949

7,3183,763 4,280 4,023 4,526

5,234

5,9356,639

2,684 3,220 3,713 3,976 4,492

879 1,032

1,140 1,302 366

313 1,392

2008 2009 2010 2011 2012

1,577 2,048 2,324 2,466 2,999 616

738 842 923

192 130

2008 2009 2010 2011 2012

3,626 4,127 5,312 5,759 6,429 883

1,112 1,182 1,335 1,398

1,135 1,033 1,147

2008 2009 2010 2011 2012

HOTELS RESIDENTIAL

6

TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP MM)

STRONG BALANCE SHEET POSITION

TOTAL ASSETS (PhP MM) SHAREHOLDER’S EQUITY (PhP MM)

64,966 70,647

RETURN ON EQUITY CURRENT NET DEBT TO EQUITY

FY11 FY12

RETURN ON EQUITY CURRENT NET DEBT TO EQUITY

10% 9% 15% 13%

FY11 FY12 FY11 FY12

7

REVENUES

Second largest mall operatori th Phili i ith 32

CAGR: +15%REVENUES

in the Philippines with 32malls910,000 sqm gross leasablespace, a 12% increase fromcompleting 3 new malls and 2expansion malls95.0% latest occupancyStead same mall re en e

CAGR: +14%EBITDA

Steady same mall revenuegrowth of 8%

CAGR: +17%EBIT CAGR: +7%GLA

1,577 2,048 2,324 2,466 2,999

CAGR: +17%EBIT CAGR: +7%

2008 2009 2010 2011 20128

Land Area: 46,545 sqmGFA: 44 314 sqm

Land Area: 39,773 sqmGFA: 107 033 sqm

Land Area: 57,725 sqmGFA: 32 458 sqm GFA: 44,314 sqm

GLA: 25,854 sqmGFA: 107,033 sqmGLA: 41,994 sqm

GFA: 32,458 sqmGLA: 22,552 sqm

Land Area: 10,000 sqmGFA: 23,981 sqmGLA: 14,242 sqm

Land Area: 48,148 sqmGFA: 38,242 sqmGLA: 23,244 sqm9

CAGR: +12%

One of the Philippine’s leading BPOoffice space provider with 193,000sqm net leasable space

REVENUES

sqm net leasable spaceTotal occupancy for 8 completedbuildings is 99%We continue to be a leading

CAGR: +11%e co ue o be a ead g

provider of office spaces to BPOs inthe Philippines, with 78% of ouroffice space allocated for BPOs

EBITDA

EBITCAGR: +12% CAGR: +4%NLA

10

FY 2012

15%

10%

1,147 1,206 1,384

YoY: +15%REVENUE CONTRIBUTIONREVENUES

75%2010 2011 2012

INTERNATIONAL

INTERNATIONAL BRANDS

351 386 442

YoY: +15%EBITDA INTERNATIONAL BRANDS

SUMMIT HOTELS

2010 2011 2012

EBIT

GO HOTELS

YoY: +38% CAGR: +19%No. of Rooms

11

Occupancy Rate

60% 56% 40% 42%74% 78% 72% 82% 88% 70%

FY2011FY2012 FY2011FY2012 FY2011FY2012 FY2011FY2012 FY2011 FY2012

FY2012 Launches

Go Hotels Palawan Go Hotels Dumaguete Go Hotels BacolodGo Hotels Tacloban

Launch Date: February 2012 Launch Date: March 2012 Launch Date: July 2012Launch Date: April 2012

12

SALES TAKE UP REALIZED REVENUES

6,009 5 749

SALES TAKE-UP REALIZED REVENUES

YoY: ‐4%

YoY: ‐4%

2 617 2 748

521 1,377 910

606

603 820 5,092

, 5,749

3,180

4,507 4,304

1,348 1,281 889

2,617 2,748 3,130

2010 2011 2012

Net pre-sales FY2012 at PhP5.7B, Realized Revenues decreased by p4% lower than last year

Launched 7 projects in FY2012 across Residential Brands worth PhP3.75B

y4% to PhP4.3B

EBIT increased by 7% at PhP1B

EBITDA increased by 7% at PhP1 04BPhP1.04B

13

Brighton Parkplace

Brighton Parkplace North

Robinsons ResidenzaMilano

Robinsons Vineyard

Robinsons Place Residences

Fifth Avenue Place

McKinley Park Residences

AmiSa Private Residences

Sonata Private Residences

Gateway Garden Ridge

Woodsville Viverde Mansions

Centennial PlaceHanalei Heights

Fernwood Parkhomes

Forest Parkhomes

Forest Parkhomes North

Southsquare Village

Aspen Heights

Fresno Parkview

Hillsbourough Pointe

McKinley Park Residences

The Fort Residences

The Magnolia Residences

Vimana Verde Residences

Ad i i Pl

Signa Designer Residences

Galleria Regency

The Allegro at Sonata Place

Centennial Place

Bloomfields Novaliches

Escalades at 20th Avenue

Escalades South Metro Forest Parkhomes North

Grand Tierra

Mirada Dos

Rosewood Parkhomes

Hillsbourough Pointe

Richmond Hills

Robinsons Highlands

Montclair Highlands

Adriatico Place

East of Galleria

The Trion Towers

Gateway Garden Heights

One Gateway Place

The Wellington Courtyard

The Pearl Place

Axis Residences

Escalades East Tower

Robinsons Homes East

San Lorenzo Homes

San Jose Estates

Bloomfields Tagaytay

Blue Coast Residences

Bloomfields Davao

One Gateway Place

Otis 888

Gateway Regency

The Sapphire

Escalades East Tower

Acacia Escalades

14

St. Bernice EstatesNizanta at Ciudades

Woodsville Residences

Azalea Place

14

Escalades East Tower

Quezon City

Magnolia Residences Tower C

Quezon City

Woodsville Residences Ph 2

Parañaque City

St. Judith Hills Ph 3

Antipolo

Nizanta Gardens Ph 3

Davao CityBloomfields Cagayan De Oro

Cagayan De Oro

Grand Tierra Phase 3

Tarlac

15

Antipolo Davao CityCagayan De Oro Tarlac

15

FINANCIAL HIGHLIGHTS - Q1 FY2013

PhP MM REVENUES %Total RLC

QoQ EBITDA %Total RLC

QoQ EBIT %Total RLC

QoQ

Recurring revenue 3,726 100% 10% 2,025 100% 9% 1,458 100% 9%

PhP MMREVENUES %Total

RLCQoQ EBITDA %Total

RLCQoQ EBIT %Total

RLCQoQ

gbase at 68%

EBITDA at PhP2.0B, a 9% growth over same

i d l t1,772 47% 9% 1,283 63% 9% 870 60% 9%

358 10% 6% 353 17% 5% 256 17% 4%

mal

ls

ces

period last year

Net Income at PhP1.2B, up 3% vs Q1 FY2012

358 10% 6% 353 17% 5% 256 17% 4%

398 11% 17% 132 7% 24% 84 6% 43%

offic

hote

ls

Hotels revenues up 17% due to higher occupancy rates and the 4 new Go Hotels launched in FY2012

1,198 32% 9% 257 13% 9% 248 17% 9%

First quarter ended 31 December 2012

resi

dent

ial

16

CAPITAL EXPENDITURE

CAPITAL EXPENDITURE AND LANDBANK

13,433

11,310 Investment Capex

CAPITAL EXPENDITURE

13,000

7,0266,227

Development Capex

Land Acquisition

LANDBANK as of 31 December 2012

SUMMARY Area (has.)Malls 157.6Condominiums* 24 8

ESTIMATED VALUE PhP BMetro Manila 11.6Luzon 6 1Condominiums* 24.8

Offices* 1.5Homes* 380.9Hotels 6.0TOTAL 570.9

Luzon 6.1Visayas 3.6Mindanao 1.1TOTAL 22.4

*Some properties with Joint Venture partners

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MAJOR DEVELOPMENTS – Recent Business Accolades

Euromoney Best ManagedEuromoney Best Managed Company in the Philippines

2013

Philippine Retailers Association Shopping Center

of the Year 2013of the Year 2013Robinsons Dumaguete (Small Malls Category)

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MAJOR DEVELOPMENTS – Recent Business Accolades

Top Gainer in the Philippine Stock Exchange

Index 2012

19

MOVING FORWARD – Future Plans & Strategies

+12% +10%

813,000910,000 1,000,000

193,000 193,000

+41%273,000

1,100,000+10%

FY2011 FY2012 FY2013FY2011 FY2012 FY2013 FY2014

Gross Leasable Area

813,000

Net Leasable Area(sqm)Area

(sqm) Top 3 Malls Re‐developed

3 New Malls 2 Mall Expansion

4 New Malls 1 Mall Expansion

Residential Division

2 New Office BuildingsCyberscape AlphaCyberscape Beta

4 New Malls 1 Mall Expansion

Hotels DivisionBeefed up sales force and

increased marketing efforts

+3+3

Currently evaluating opportunities for 3 new Summit Hotels

Sales Take Up (PhPMM):

+62%

FY2011 FY2012 FY2013 FY2014 FY2015 FY2016

# of Go Hotels

+4223 Rooms +3

+3+3 62%

• Palawan • Dumaguete• Tacloban• Bacolod

• Otis‐Manila• Iloilo• Alpha Ortigas

20

End of PresentationThank You