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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: Property Developments, International, Shopping Centers, Offices, Hotels and Resorts, Construction, and Property Management and Others. The Property Developments segment involves in the sale of high-end and upper middle-income residential lots and units, affordable housing units and lots, economic housing and leisure community developments. The International segment includes development and sale of residential lots and units in MCT Berhad. 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 Offices segment includes development and lease or sale of office buildings; sale of industrial lots and lease of factory building. 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 Construction offers land development and construction of the Group and third-party projects. The Property Management and Others includes facilities management of the Group and third-party projects. The company was founded on June 30, 1988 and is headquartered in Makati City, Philippines.

Financial Highlights

Dec 2021 PHPUSD
Revenue105,067.67M2,131.42M
Gross Profit39,655.49M804.45M
Operating income32,520.74M659.72M
Income before tax19,444.97M394.46M
Net income12,228.14M248.06M
EBITDA41,420.72M840.26M
Diluted EPS0.820.01
Dividends Per Share----
Total Assets747,749.00M14,663.90M
Total liabilities474,962.04M9,314.35M
Total equity234,905.40M4,606.66M
Operating cash flow8,450.91M171.43M
Currency in PHPCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 140,001.24M 165,291.25M 166,897.70M 95,294.41M 105,067.67M
Gross Profit 51,595.47M 63,571.51M 71,320.00M 37,675.95M 39,655.49M
Operating income 45,347.20M 54,704.41M 61,908.62M 29,109.85M 32,520.74M
Income before tax 37,990.64M 45,201.02M 49,863.88M 14,466.70M 19,444.97M
Net income 25,304.96M 29,240.88M 33,188.39M 8,727.15M 12,228.14M
EBITDA 50,347.75M 60,639.31M 70,783.64M 38,682.43M 41,420.72M
Diluted EPS 1.71 1.98 2.24 0.58 0.82
Dividends Per Share 0.50 0.52 0.26 0.27 --
Total Assets 576,632.11M 671,195.93M 715,801.45M 723,757.13M 747,749.00M
Total liabilities 382,831.62M 449,298.17M 471,217.71M 461,315.04M 474,962.04M
Total equity 168,291.73M 188,976.40M 212,928.20M 224,802.61M 234,905.40M
Operating cash flow 24,233.58M 11,767.91M 36,012.23M -12,507.49M 8,450.91M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,776.99M 3,137.47M 3,223.18M 1,921.23M 2,131.42M
Gross Profit 1,023.42M 1,206.68M 1,377.35M 759.58M 804.45M
Operating income 899.48M 1,038.37M 1,195.60M 586.88M 659.72M
Income before tax 753.56M 857.98M 962.98M 291.66M 394.46M
Net income 501.93M 555.03M 640.94M 175.94M 248.06M
EBITDA 998.67M 1,151.02M 1,366.99M 779.87M 840.26M
Diluted EPS 0.03 0.03 0.04 0.01 0.01
Dividends Per Share 0.00 0.00 0.00 0.00 --
Total Assets 11,551.12M 12,764.01M 14,133.70M 15,070.89M 14,663.90M
Total liabilities 7,668.90M 8,544.22M 9,304.32M 9,606.02M 9,314.35M
Total equity 3,371.22M 3,593.73M 4,204.32M 4,681.09M 4,606.66M
Operating cash flow 480.68M 223.37M 695.48M -252.16M 171.43M

Valuation Measures

Dec 2021
PER44.42
ROA1.66%
ROE5.31%
Operating margin30.95%
Profit margin11.63%

Key executives

  • President, Chief Executive Officer & Director: Bernard Vincent Olmedo Dy
  • Chief Financial & Compliance Officer, Treasurer: Augusto Cesar D. Bengzon
  • VP, Chief Information & Data Protection Officer: Amelia Ann T. Alipao
  • Senior VP, COO-Visayas & Mindanao Group: Aniceto V. Bisnar
  • Group Head-Commercial Business & Senior VP: Jose Emmanuel H. Jalandoni

Shareholders

  • Ayala Corp. (46.2%)
  • Invesco Advisers, Inc. (2.9%)
  • The Vanguard Group, Inc. (1.8%)
  • Norges Bank Investment Management (1.2%)
  • APG Asset Management NV (1.1%)
  • BlackRock Fund Advisors (0.9%)
  • Fidelity Management & Research Co. LLC (0.8%)
  • Capital Research & Management Co. (World Investors) (0.7%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.6%)
  • BAMCO, Inc. (0.5%)

Contact Details

  • Website:http://www.ayalaland.com.ph
  • Address: Tower One & Exchange Plaza, Ayala Triangle, Makati City, 1226, Philippines
  • Phone: +63.2.908.3000

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

  • Cityland Development Corporation
  • San Miguel Corp.
  • Liberty Flour Mills Inc.
  • 8990 Holdings, Inc.
  • Empire East Land Holdings Inc.
  • Arthaland Corporation
  • Megaworld Corp.
  • Robinsons Land Corp.
  • Alliance Global Group Inc.
  • Century Properties Group Inc.
  • LT Group, Inc.
  • JG Summit Holdings Inc.
  • SM Investments Corporation
  • Top Frontier Investment Holdings, Inc.
  • A Brown Co., Inc.
  • Araneta Properties Inc.
  • Belle Corp.
  • Filinvest Development Corporation
  • Global-Estate Resorts, Inc.
  • Keppel Philippines Properties, Inc.
  • MREIT, Inc.
  • RL Commercial REIT, Inc.
  • Rockwell Land Corp.
  • Roxas & Co., Inc.
  • Shang Properties, Inc.
  • Vista Land & Lifescapes, Inc.
  • Vistamalls, Inc.
Last Updated on 27 Jun, 2022

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