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Finance

Ayala Land, Inc.

Company Background

Ayala Land was created in 1988 when the Ayala Group decided to spin off its real estate division so that it could focus on property development. The company, one of the largest in the Philippines, has core operations in property development and management, commercial leasing, as well as hotels and leisure services.

 

Ayala Land also does businesses outside its core real estate operations to complement its mixed-use communities, which the company is known for. In 2013, Ayala Land teamed up with medical center operator Mercado Group of the Philippines to establish hospitals and clinics located in the company's mixed-use developments. The first QualiMed clinic opened in February 2014. Ayala Land in 2013 also partnered with listed supermarket operator Puregold Price Club for the development of supermarket chains in Ayala Land properties.

 

Company CEO Bernard Vincent Dy earned an MBA as well as a master's in international relations from the University of Chicago. He used to be Ayala Land's chief operating officer.

Business Summary

Ayala Land, Inc. engages in the development of real estate properties. It operates through the following segments: Shopping Centers, Corporate Businesses, Residential Developments, Construction, Hotels and Resorts, Property Management, and Others. The Shopping Centers segment involves in the development of shopping centers and lease to third parties of retail space and land therein; operation of movie theaters, food courts, entertainment facilities, gas stations and carparks. The Corporate Businesses segment includes development and lease or sale of office buildings; sale of industrial lots and lease of factory building. The Residential Developments segment consists of residential lots and units, housing units and lots, economic housing, and leisure community developments. The Construction offers land development and construction of the Group and third-party projects. The Hotels and Resorts segment comprises of development and management of hotels and resorts or serviced apartments and lease of land to hotel tenants. The Property Management includes facilities management of the Group and third-party projects. The Others segment consists of investment activities and sale of non-core assets. The company was founded on June 30, 1988 and is headquartered in Makati City, Philippines.

Financial Highlights

Dec 2020 PHPUSD
Revenue95,294.41M1,921.23M
Gross Profit37,675.95M759.58M
Operating income29,109.85M586.88M
Income before tax14,466.70M291.66M
Net income8,727.15M175.94M
EBITDA38,682.43M779.87M
Diluted EPS0.580.01
Dividends Per Share----
Total Assets728,266.50M15,164.79M
Total liabilities465,824.41M9,699.92M
Total equity224,802.61M4,681.09M
Operating cash flow-12,507.49M-252.16M
Currency in PHPCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 123,863.24M 140,001.24M 165,291.25M 166,897.70M 95,294.41M
Gross Profit 46,858.14M 51,595.47M 63,571.51M 71,320.00M 37,675.95M
Operating income 31,897.89M 37,432.87M 45,110.41M 49,708.86M 29,109.85M
Income before tax 32,109.03M 37,990.64M 45,201.02M 49,863.88M 14,466.70M
Net income 20,908.01M 25,304.96M 29,240.88M 33,188.39M 8,727.15M
EBITDA 45,001.64M 50,347.75M 60,639.31M 70,783.64M 38,682.43M
Diluted EPS 1.43 1.71 1.98 2.24 0.58
Dividends Per Share 0.48 0.50 0.52 0.26 --
Total Assets 538,486.23M 576,632.11M 671,195.93M 720,293.52M 728,266.50M
Total liabilities 364,417.36M 382,831.62M 449,298.17M 475,709.78M 465,824.41M
Total equity 149,090.77M 168,291.73M 188,976.40M 212,928.20M 224,802.61M
Operating cash flow 33,040.29M 24,233.58M 11,767.91M 36,012.23M -12,507.49M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 2,608.33M 2,776.99M 3,137.47M 3,223.18M 1,921.23M
Gross Profit 986.74M 1,023.42M 1,206.68M 1,377.35M 759.58M
Operating income 671.71M 742.50M 856.26M 959.99M 586.88M
Income before tax 676.15M 753.56M 857.98M 962.98M 291.66M
Net income 440.28M 501.93M 555.03M 640.94M 175.94M
EBITDA 947.65M 998.67M 1,151.02M 1,366.99M 779.87M
Diluted EPS 0.03 0.03 0.03 0.04 0.01
Dividends Per Share 0.01 0.00 0.00 0.00 --
Total Assets 10,832.00M 11,551.12M 12,764.01M 14,222.40M 15,164.79M
Total liabilities 7,330.49M 7,668.90M 8,544.22M 9,393.02M 9,699.92M
Total equity 2,999.06M 3,371.22M 3,593.73M 4,204.32M 4,681.09M
Operating cash flow 695.76M 480.68M 223.37M 695.48M -252.16M

Valuation Measures

Dec 2020
PER69.48
ROA1.20%
ROE3.98%
Operating margin30.54%
Profit margin9.15%

Key executives

  • President, Chief Executive Officer & Director: Bernard Vincent Olmedo Dy
  • Treasurer, Chief Financial & Compliance Officer: Augusto Cesar D. Bengzon
  • Chief Information & Data Protection Officer: Amelia Ann T. Alipao
  • Senior Vice President: Anna Maria Margarita Bautista Dy
  • Vice President: Maria Rowena Victori M. Tomeldan

Shareholders

  • Ayala Corp. (44.4%)
  • Invesco Advisers, Inc. (3.6%)
  • Government Service Insurance System (2.6%)
  • Capital Research & Management Co. (World Investors) (2.4%)
  • The Vanguard Group, Inc. (1.8%)
  • Fidelity Management & Research Co. LLC (1.3%)
  • Norges Bank Investment Management (1.1%)
  • BlackRock Fund Advisors (0.9%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.8%)
  • Aberdeen Asset Managers Ltd. (0.8%)

Contact Details

  • Website:http://www.ayalaland.com.ph
  • Address: Tower One & Exchange Plaza, Ayala Triangle, Makati City, 1226, Philippines
  • Phone: +63.2.908.3676

Related Companies

  • White Knight Holdings, Inc. /Ph/
  • One Makati Residential Ventures, Inc.
  • Amaia Southern Properties, Inc.
  • Regent Wise Investments Ltd.
  • Soltea Commercial Corp.
  • Primavera Towncentre, Inc.
  • Summerhill E-Office Corp.
  • Ayala Land Metro North, Inc.
  • Gisborne Property Holdings, Inc.
  • Arvo Commercial Corp.
  • Sunnyfield E-Office Corp.
  • Five Star Cinema, Inc.
  • ALI-CII Development Corp.
  • BellaVita Land Corp.
  • Varejo Corp.
  • Gisborne Property, Inc.
  • Whiteknight Holdings, Inc.
  • Fine State Group Ltd.
  • Amaia Land Corp.
  • Ayalaland Hotels & Resorts Corp.
  • Red Creek Properties, Inc.
  • Crimson Field Enterprises, Inc.
  • Cavite Commercial Town Center, Inc.
  • North Beacon Commercial Corp.
  • AREIT, Inc.
  • Philippine Integrated Energy Solutions, Inc.
  • Aegis PeopleSupport Realty Corp.
  • MCT Bhd.
  • Syrel Investment & Realty Corp.
  • Ayala Land International Sales, Inc.

Competitors

  • Megaworld Corp.
  • Robinsons Land Corp.
  • SM Investments Corporation
  • JG Summit Holdings Inc.
  • Century Properties Group Inc.
  • Cityland Development Corporation
  • Shang Properties, Inc.
  • 8990 Holdings, Inc.
  • Belle Corp.
  • Alliance Global Group Inc.
  • LT Group, Inc.
  • Aboitiz Equity Ventures Inc.
  • San Miguel Corp.
  • Empire East Land Holdings Inc.
  • Filinvest Land Incorporated
  • Rockwell Land Corp.
  • Global-Estate Resorts, Inc.
  • Top Frontier Investment Holdings, Inc.
  • Keppel Philippines Properties, Inc.
  • Vistamalls, Inc.
  • Liberty Flour Mills Inc.
  • Roxas & Co., Inc.
Last Updated on 19 Apr, 2021

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