Slides
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Full Y ear 2024 Analysts’ Briefing May 07, 2025
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FY 2024 At a glance ₱36.7B Total Revenue ₱11.8B 71% GPM Gross Profit ₱22.7B 62% Margin EBITDA ₱9.4B Net Income ₱79.1B Reservation Sales ₱377.9B Total Assets ₱136.1B Total Equity 0.86x Net Debt to Equity
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Income Statement In Php millions FY 2024 FY 2023 % Change Total Revenues 36,684 35,163 4% Real Estate 16,634 15,228 9% Rental Income 16,330 16,021 2% Parking, hotel, mall administrative and processing fees, and others 1,687 2,105 (20%) Interest Income 2,033 1,809 12% Gross Profit (Residential) 11,832 9,116 30% Gross Profit Margin 71% 60% Operating Expenses 10,408 11,596 (10%) EBITDA (Consolidated) 22,657 20,574 10% EBITDA Margin 62% 59% Interest & Financing Charges 9,827 5,686 73% Net Income 9,368 10,292 (9%)
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Residential Segment In Php Billion +10.0% FY24 vs. FY23 +9.4% 4Q24 vs. 4Q23 18.9 20.6 4Q23 4Q24 4Q23 4Q24 71.9 79.1 FY23 FY24 FY23 FY24
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Real Estate Revenue Contribution • Camella brand accounts for 57% and 69% for FY24 and FY23 respectively • Mid to high end brands Crown Asia and Brittany contributes 16% combined in FY24 vs. 10% in FY23 • Vista Residences our subsidiary for vertical developments account for 27% of the total in FY24 from 21% in FY23 10% 6% 27% 22% 35% 6% 4% 21% 29% 40% FY24 FY23 Camella Vista Residences Crown Asia Brittany Communities Philippines Camella Communities Philippines Brittany Vista Residences Crown Asia
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Commercial Space Summary GROSS FLOOR AREA (GFA) in sqm % MALLS & RETAIL STORES 1,384,148 87 OFFICE 226,227 13 As of December 31, 2024 1,610,375 100 42 malls 59 Commercial centers 7 offices
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KEY STATS 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Operating GFA 100% 100% 100% 100% 100% 100% 100% 100% 100% Occupancy – system wide 87% 87% 87% 87% 87% 87% 87% 87% 87% Malls 86% 86% 86% 86% 86% 86% 86% 86% 86% Office 92% 92% 92% 92% 92% 92% 92% 92% 92% %pre-COVID level Foot traffic 95-100% 100% 100% 100% 100% 100% 100% 100% 100% Leasing Statistics
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Financial Condition In Php millions 12/31/2024 12/31/2023 % Change Cash and Investments 45,596 49,909 (9%) Total Receivables 121,314 83,403 45% Real Estate Inventories 57,012 63,771 (11%) Investment Properties 134,753 124,656 8% Total Assets 377,939 342,401 10% Interest Bearing Loans 163,066 161,332 1% Total Liabilities 241,851 209,540 15% Total Equity 136,088 132,861 2%
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Gearing Ratio In Php millions 12/31/2024 12/31/2023 % Change Total Interest-Bearing Debt* 163,066 161,332 1% Cash and Investments 45,596 49,909 (9%) Net Debt 117,470 111.423 5% Total Equity 136,088 132,861 2% Debt to Equity 1.20 1.21 Net Debt to Equity 0.86 0.84 *excludes receivables sold (with recourse) to banks classified as Loans Payable
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Debt Profile 34% 13% 22% 31% Bank Loans Retail Peso Bond Corporate Note USD Bonds Funding Sources Debt Maturity Profile 61% 39% Long Term Short Term
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Land bank TOTAL LAND AREA* (in HAs) % Owned 2,279.32 85% Share in Joint Ventures 411.20 15% TOTAL 2,690.52 100% *includes 192.46 hectares of STR’s landbank *Mega Manila – Metro Manila and the neighbouring provinces of Cavite, Laguna, Rizal, Batangas and Bulacan LAND BANK LOCATION 70% 30% Provincial Mega Manila* Present in 147 cities and municipalities, 49 provinces across the Philippines
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Project Launches As of December 31, 2024, we have launched 25 projects with an estimated value of about ₱40.8B
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Capital Expenditures 21.2 20.3 8.2 8.0 0.6 0.6 FY24E FY24A Construction Land Development Land Acquisition PER ACTIVITY FY24A FY24E CONSTRUCTION 20.3 21.2 LAND DEVELOPMENT 8.0 8.2 LAND ACQUISITION 0.6 0.6 TOTAL (bn) 28.9 30.0 PER TYPE FY24A FY24E CAPEX 1.3 1.4 WORKING CAPITAL 27.6 28.6 TOTAL (bn) 28.9 30.0 Spent ₱28.9B as of December 31, 2024 (96% of 2024 CAPEX budget) Note: May not add up due to rounding issues In Php Billion 30.0 28.9
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Business Updates $150 M used for refinancing
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Full Y ear2024 Analysts’ Briefing April 15, 2025
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Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements”. Any such forward-looking statement is not a guarantee of future performance and involves a number of known and unknown risks, uncertainties and other factors that could cause the actual performance, financial condition or results of operation of Vista Land & Lifescapes, Inc. and its subsidiaries to be materially different from any future performance, financial condition or results of operation implied by such forward-looking statement. For Corporate Disclosures Vista Land Website https://www.vistaland.com.ph/