8990 HOLDINGS, INC. (HOUSE:PM) 1. OVERVIEW RESULTS OF OPERATIONS GUIDANCE

H o u s i n g t h e F i l i p i n o P e o p l e 8990  HOLDINGS,  INC.    (HOUSE:PM) 1.      OVERVIEW 2.      2015  RESULTS  OF  OPERATIONS 3.      20...
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H o u s i n g t h e F i l i p i n o P e o p l e

8990  HOLDINGS,  INC.    (HOUSE:PM) 1.      OVERVIEW 2.      2015  RESULTS  OF  OPERATIONS 3.      2016  GUIDANCE 1

2015  RESULTS  OF  OPERATIONS

2

THREE  PARTNERS ONE  VISION Over  85  years  of   Combined  Expertise “More than building houses, our business is really about adding value, transforming people’s lives: that of our customers, employees, sellers, suppliers and contractors, and now, the people who invest in us.” 2015  RESULTS  OF  OPERATIONS

3

The 8990 Story: 11 Years of Growth 9,652  

7,900 5,738 2,283 189

2,267

3,040

4,181 2,560

2,241

883

2004          2006            2007              2008          2009          2010            2011            2012          2013          2014            2015 • Earnings  growth  of  P189.0m  in  2004  to  ₱5.7bn  in  2013. • We  have  grown  by  42  times  in  ten  years  and  253%  in the  last    three  years. • We  are  building  12,000  homes  in  2016,  and  20%  growth  to  2020.

2015  RESULTS  OF  OPERATIONS

4

8990  Holdings:  We’re  Building  a  DECA nation Branch:  Cavite

Branch:  Angeles    P ampanga

4,486 Units  Delivered 2 Subdivisions  Made Responsible  of  15% of  Revenue 30 branch  Personnel 14.7  ha. has  in  Land  Bank 2 On-­‐going  Projects  

4,396 Units  Delivered 5 subdivisions  Made Responsible  of  32% of  Revenue 27 branch  Personnel 5.2  ha. has  in   Land  Bank 2 On-­‐going  Projects  

Marilao Branch:  NCR

316 Units  Delivered 0 subdivisions  Made Responsible  of  0% of  Revenue 50 branch  Personnel 71.93  ha. has  in   Land  Bank 4 On-­‐going  Projects  

Branch:  Cebu

16,302 Units  Delivered 15 subdivisions  Made Responsible  of  14% of  Revenue 82 branch  Personnel 42.73  ha. has  in   Land  Bank 2 On-­‐going  Projects  

Branch:  Iloilo

2,792 Units  Delivered 2 subdivisions  Made Responsible  of  14% of  Revenue 33 branch  Personnel 191.37  ha. has  in   Land  Bank 1 On-­‐going  Projects  

Branch:  Davao Branch:  General  Santos

280 Units  Delivered 0 subdivisions   Made Responsible   of  1 %  of  Revenue 2 branch  Personnel 0 has  in  Land  Bank 1 On-­‐going  Projects  

Bacolod

12,867 Units  Delivered 10 subdivisions  Made Responsible  of  24% of  Revenue 62 branch  Personnel 173.61  ha. has  in   Land  Bank 4 On-­‐going  Projects   2015  RESULTS  OF  OPERATIONS

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Townhouses Single  Attached  Units 35-­‐120   sqm.  Lots 35-­‐60  sqm.  Houses

PRE-­‐CAST  SOLID  HOUSES  SOLD  BELOW  USD  35,000.00  /  UNIT

MRB  Condo  Units 25  sqm. High-­‐rise  Condo  Units 13  sqm. 2015  RESULTS  OF  OPERATIONS

6

High  Value  Amenities Wakeboarding

Basketball  Courts

Lakes  and  Entrance  Gates

Churches

Swim  pools  and  Club  Houses

2015  RESULTS  OF  OPERATIONS

7

Close  to  the  Customer 5.5  million  in  unserved  mass   housing  demand  growing  at  5%  per  year.

Deeply Aspirational

Practical Value for Money

Optimistic of the Future

Young College-educated Stable gainful employment Earning at least P35,000 a month Renters, not asset owners Little or no savings 2015  RESULTS  OF  OPERATIONS

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The 8990 Business Model

Emphasis Efficient Resource Allocation

Fast Pre-Cast Panel Wall Construction

Accessible In-House Financing

Proactive Credit and Collection Platform

8 days, 15,000 units capacity. Economies of scale, Lower materials cost, High quality of panels, Increased site efficiency.

Reality Based Risk Management 2-­‐5  %  Equity,   9.5  – 11  %  interest, 25-­‐year  term,  30%  GFI P35K  Gross  Family  Income

Behavioral Economics Comprehensive,  integrated Emphasis  on  Behavior  Modification,           Required  Financial  Literacy  Seminar, 93%  Collection  Efficiency 9

LARGEST Mass Housing Developer in the Philippines

2015  RESULTS  OF  OPERATIONS 10

8990  NET  INCOME  GROWS  86%  in  4Q15 1Q15

2Q15

3Q15

4Q15

4Q14

Growth Rate

P 2,002

P 2,506

2,550

2,594

1,552

67%

1,185

1,489

1,369

1,394

942

48%

367

371

378

493

563

(12%)

Net Income Before Tax

1,005

1,309

1,128

1,016

548

85%

Net Income After Tax

937

1,190

1,039

887

477

86%

Gross Sales Gross Profit Operating Expense

4Q15 gross sales and gross profit grew by 67% and 48%, respectively, vs 4Q14. The decreased operating expenses in 4Q15 further helps in achieving 86% growth in net income vs 4Q14. 2015  RESULTS  OF  OPERATIONS 11

8990  NET  INCOME  GROWS  23%  in  2015 2015

2014

Growth Rate

P 9,652

P 7,793

24%

Gross Profit

5,437

4,658

17%

Operating Expense

1,609

1,581

2%

Net Income Before Tax

4,458

3,614

23%

Net Income After Tax

4,053

3,307

23%

Gross Margin

56%

60%

Net  Margin

42%

42%

Gross Sales

Net Earnings grew by 23% to hit P4B as Gross Sales increased by 24%, reaching P9.7B in 2015. Net Margin remains steady at 42%, 2% higher than the 40% benchmark.

2015  RESULTS  OF  OPERATIONS 12

8990  5-­‐YEAR  FINANCIAL  TRACK  RECORD Revenue

(In  PHP  millions)

Gross  Profit  and  Margin (In  PHP  millions)

7,793

2,349  

2011

(In  PHP  millions)

3,878

é 24% 9,652

63%

60%

56%

é 17%

4,658

CAGR  52%

5,433

3,445

5,437

2,413

2012

2013

2014

2015*

EBITDA  and  Margin 53%

2011

2012

53%

52%

5,123 4,047 2,871

é 27%

2013

2014

44%

40%

42%

CAGR  74%

542

42%

19% 3,307

1,985

2015*

Net  Income  and  Margin

(In  PHP  millions)

23%

2011

62%

1,009  

51%

CAGR  75%

43%

1,704

2,182

é 23%

4,053

439

2012

2013

2014

2015*

2011

2012

2013

2014

2015*

*    Unaudited  A nnual  Figures 2015  RESULTS  OF  OPERATIONS 13

Core  Business  Performance  Hits  Over  P10  B  in  2015 In  units  /  Million  pesos

2015

2014

Growth   Rate

Sales Reservations

10,077

8,165

23%

Housing  Production

7,655

6,329

21%

Housing  Delivered

7,456

6,477

15%

Housing    Revenues

P9.5B

P7.5B

27%

CTS  Income

P1.2B

P0.9B

33%

P10.7B

P8.4B

27%

96%

96%

Total Revenues  from   Housing  Operations PAR

Total Revenues from housing operations reached P10 Billion in 2015, representing a 27% growth from 2014. Sales Reservations of DECA Homes nationwide totalled to 10,077 units, an increase of 1,912 units from last year’s 8,165 units, representing a year on year growth rate of 23%. Housing delivered to our homeowners reached 7,456 units with an equivalent amount of P8.0B, and an additional 1,399 units amounting to P1.5B for Resale units. Performing Accounts Ratio for the year is steady at 96%. 2015  RESULTS  OF  OPERATIONS 14

South  Luzon  Delivers  33%  of  DECA  Homes  in  2015   DELIVERED   HOUSING  UNITS

In 2015, we delivered a total of 7,456 fresh units to our homeowners. Of the total housing delivered, Luzon projects in NCR, Cavite and Pampanga contributed 48% or 3,584 units. Visayas delivered 24% or 1,778 units, while Mindanao contributed 28% or 2,094 units. 85% of Revenue or 6,315 units came from housing subdivision projects, while 15% or 1,141 units came from the medium-­‐rise building (MRB) projects in Cebu and Muntinlupa.

Iloilo,  13%

Davao  ,  28%

North  Luzon,   15%

South  Luzon,   33% Cebu,  11%

TOP  LINE  REVENUE   BREAKDOWN MRB,  15%

Mass  Housing,   85%

2015  RESULTS  OF  OPERATIONS 15

Strengths  and  Opportunities 5.5  million  Housing  Backlog  growing  at  5%. A successful return to Pag-­‐IBIG Home Financing. Serious interest in CTS purchase of receivables by banks financial institutions. Massive land development, at least three months ahead of house construction. Pre-­‐Cast Capacity of 14,880 units. 2016 ramp-­‐up of additional 56 forms and 13,440 units capacity. A strong presence, brand acceptance, experience and track-­‐record in the growth centers outside Metro Manila: Angeles, Cebu, Iloilo and Davao.

Weaknesses  and  Threats   Longer  processing  of  BOI  Accreditation. LGU  elections  may  delay  permits  for  new  projects.   Middle East and oil issues may affect monthly amortization payments of OWFs in the petroleum and oil tanker shipping industries. A feeling of a bubble at the top may create a contagion effect that may spill into the low-­‐cost housing space. Mid-­‐cost and high-­‐end developers venture into low-­‐ cost housing. Expanding our human resource capacity. Internally, we need to build up our organization to cope with higher levels of performance every year.

2015  RESULTS  OF  OPERATIONS 16

NEW  EXECUTIVES  OF  8990  HOLDINGS

MANUEL  C.  CRISOSTOMO Independent  Director

Past  CEO  of  HDMF  Pag-­‐I BIG Fund Past  President  of  Firm  Builders  Realty Past  National  President   of  SHDA

WILLIBALDO  J.  UY COO

Past  CEO  of  Phinma Properties Past  National  President   of  SHDA

DENNIS  LIM GM  – NCR  SALES

Past  SVP  Sales,  Federal  Land Past  National  Sales  Head,  Extraordinary  Corp.

2015  RESULTS  OF  OPERATIONS 17

DECA  Homes  Brand  Attracts  Young,     Mid-­‐Income  Professionals  For  Primary  Residence  Purchase   Demographic

Subdivision

Condominium

Young: 23  to  45  years old.

82%

86%

College   Educated   and Licensed Professionals

81%

83%

100%  Gainfully   Employed: Office   Workers,   BPO,  OFW

76%

86%

Minimum   P35,000   Gross Family  Income

85%

81%

Purchase for  primary   residence,   not  investment

89%

68%

Majority of 8990’s buyers are young, college educated, gainfully employed as regular office workers, BPO staff, or OFWs. They earn at least P35,000 monthly income, and purchase homes for primary residence, not for investment. Roughly 17% of sales are OFW land-­‐based, 13% seafarers, and 10% BPO workers. 8990’s buyers pass through a stringent credit scoring and evaluation process that complies with HDMF housing loan guidelines as well. Buyers are also required to undergo a half-­‐ day Financial Literacy Seminar prior to sales reservation. 2015  RESULTS  OF  OPERATIONS 18

Unrealized  Sales  Reach   1,115  Units  by  end  2015   Branch

Total Units

Value Millions

North Luzon

66

63

South Luzon

172

150

Cebu

348

348

Iloilo

314

314

Davao

215

P 204

Total

1,115

P 1,079

Our unrealized sales as of end 2015 increased by 287 units compared to 828 units of end 2014. Representing a year on year growth rate of 35%. In 2015, we were able to increase market prices from a low of 7% to a high of 27%. The unrealized sales of 1,115 units, already represent 49% of our 1Q16 target, that is 2,255 units or P2.02B. 2015  RESULTS  OF  OPERATIONS 19

37%  Increase  in  Assets  Strengthens  8990  Balance  Sheet 8990’s assets have grown by 37%, mainly with new land purchases and in house financing receivables. The increase in total liabilities were borrowings for construction activities, operating expenses and the increase in landbank to just under 500 hectares. The increase in non-­‐current liabilities was the result of the P9 Billion Corporate Bond Offering where majority of short term liabilities were successfully moved to longer-­‐ term liabilities.

Balance Sheet Highlights (in PhP M)

2015

Current Assets

P 10,128

P 6,492

56%

Noncurrent Assets

26,939

20,654

30%

Total Assets

37,067

27,146

37%

5,121

5,389

(5%)

Noncurrent Liabilities

14,273

6,870

108%

Total Liabilities

19,394

12,257

58%

Equity

17,673

14,889

19%

Current Liabilities

2014

Growth Rate

2015  RESULTS  OF  OPERATIONS 20

8990  Book  Value  Per  Share  Posts  18%  Gain  in  2015 8990’s Financial Ratios are within acceptable industry standards, indicating a stable Balance Sheet with stronger current ratio, book value per share, asset-­‐to-­‐equity ratio, interest coverage ratio, and earnings per share that continues to improve each quarter. In particular, the Current Ratio at 1.97 and Debt-­‐ to-­‐Equity Ratio at 1.10 are well within the recent P9B Corporate Bond covenants of 1.0 and 1.5, respectively.

Key Performance Indicators

2015

2014

Current Ratio

1.98

1.21

Book Value per Share

3.20

2.70

Debt to Equity Ratio

1.10

0.82

Asset to Equity Ratio

2.10

1.82

Asset to Debt Ratio

1.91

2.21

Interest Coverage Ratio

16.51

11.45

EPS

0.73

0.60

2015  RESULTS  OF  OPERATIONS 21

8990’s  HDMF  Takeout  Surges  to  P2.4  Billion  in  2015 8990 delivered 4,341 accounts to HDMF, of which 2,610 accounts valued at P2.4 Billion were taken-­‐out in 2015. The remainder of P1.7 billion, comprising 1,731 accounts are with HDMF being processed for take-­‐out. HDMF Take-­‐out value performance for 2015 improved by 35% compared to last year’s P1.8 Billion take-­‐out. We are now Pag-­‐IBIG’s No. 1 Top Developer for 2015.

Status

Unit

Value

Percentage

2015 Taken-out

2,610

P 2,417

59%

With HDMF

1,731

1,671

41%

TOTAL

4,341

P 4,088

100%

In  units  /  Million  pesos

2015

Growth   Rate

2014

Housing   Take-­‐Outs  in  Units

2,610

2,035

28%

Housing   Take-­‐Outs in  Value

2,417

1,787

35%

2015  RESULTS  OF  OPERATIONS 22

8990  Improves  Cash  Flow  in  2015 In Million pesos Cash, beginning balance

2015

2014

Growth Rate

605

249

143%

Total new borrowings

4,217

6,637

(36%)

Uses for Operations

2,644

2,160

22%

Uses for Capital Expenditure

1,643

4,121

(60%)

535

605

(12%)

Cash balance at the end of the year

8990’s 2015 cash flow indicates a 36% decline in borrowings, indicating a greater usage of internally generated funds. Internally generated funds came from the increased volume of take-­‐outs from Pag-­‐IBIG Fund; and the higher levels of recurring income from the CTS Portfolio .

2015  RESULTS  OF  OPERATIONS 23

8990  CTS  Income  Jumps  34%  by  end  2015 For 2015, 8990’s CTS Portfolio yielded P1.2B in recurring income – a 34% increase over last year. Total value of 8990’s CTS Portfolio now stands at P19 billion, up 35% from 2014. Portfolio size grew by 30% in terms of units. In October 30, 2015, 8990 was able to sell P1.0 billion of its CTS Portfolio to BPI Family Savings Bank, paving the way for more “Purchase of CTS” agreements with other banks in 2016.

Units

2015

2014

Growth Rate

20,330

15,597

30%

Value (in millions)

P 18,990

P 14,113

35%

Interest Income from CTS

P 1,204

P

901

34%

95%

1%

Performing Accounts Ratio

96%

We are now monitoring payments of our OFWs in the Middle East, particularly those in the petroleum, and seafarers working in oil tankers.

2015  RESULTS  OF  OPERATIONS 24

8990  CTS  Receivables  Reach  P19B  or  20,000  accounts  in  2015 Mix  According  to  Interest   Rate 11.5%  CTS   Gold   Straight 7%

16%  CTS 2%

8.5%  CTS   Gold   Convertible 15%

11%  CTS  11 76%

76% of 8990’s In House Receivables are under the CTS 11 Program, which yields 11% per annum and enjoys rebate of 1.5% for the first 5 years as long as buyers pay on time.

Mix  According  to  Seasoning

less  than  1   yr 43%

3  yrs  and   Above 11%

Mix  According  to  Terms Up  to  5  yrs 3%

2  to  3  yrs 17% 1  to  2  yrs 29%

57% of the CTS Receivables portfolio are with seasoning period of at least one year, making half of the portfolio eligible for CTS Purchase arrangements with the banks.

21  to   25  yrs 67%

6  to  10  yrs 10%

11  to   15  yrs 12% 16  to   20  yrs 8%

67% of 8990 buyers choose 21 to 25 years payment term which offers them the lowest monthly amortization possible, and therefore a lower risk of default.

2015  RESULTS  OF  OPERATIONS 25

8990 Landbank Expands to 499 Hectares 8990’s landbank in 2015 expanded to 499 hectares with an expected yield of over 102,000 units worth P109 Billion. Purchases in 2015 are: • • • • • • •

Leganes, Cabug, Las Pinas, Cubao, Puan, Mulig, Mactan

Iloilo 25.4 has. Bacolod 55.9 Luzon 1.4 Luzon 0.4 Davao 101.2 Davao 46.7 Cebu 39.3 Total 270.3 has.

Location

Hectares

No.  of   Units

Value

North   Luzon  

13

6,378

1,015

NCR

72

45,971

69,793

5

2,534

2,353

Visayas

235

33,522

22,919

Mindanao

174

13,635

13,422

Total

499

102,040

109,502

South Luzon

2015  RESULTS  OF  OPERATIONS 26

Guidance – 2016 EARNINGS Gross Revenue P  12.0  Billion,  60%  gross  margin Net  Income P      4.8  Billion,  40%  gross  margin GROWTH  TARGETS Gross Revenue 24% Net  Income 20% CASH  FLOW  TARGETS HDMF  Deliveries P  6.0  Billion Direct  Take-­‐out P  4.0  Billion  Migration  of  Existing  CTS Securitization P  6.0  Billion  Existing  CTS  (2  banks) Purchase  of  CTS

P  5.0  Billion  Existing  CTS  (2  banks) 2015  RESULTS  OF  OPERATIONS 27

8990  to  Launch  14  New   Projects  for  2016 This year, 8990 will start fourteen new projects, adding 75,608 units to the inventory.

Type

Total   Units

Location

Units  to  be   Delivered   for  2016

Horizontal

6,378

Bulacan

320

288

Urban DH Hampton

MRB

1,988

Cavite

528

581

Urban DH Mahogany

MRB

546

Cavite

400

440

DH Sta. Barbara

Horizontal

10,189

Iloilo

280

126

DH Pavia RR 2

Horizontal

2,967

Iloilo

706

692

DH Baywalk Talisay 3

Horizontal

730

Cebu

570

533

MRB

1,596

Cebu

440

550

DH Mactan 6

Horizontal

8,537

Cebu

280

274

Urban D Tisa

MRB

2,867

Cebu

400

440

DH Toril

Horizontal

6,800

Davao

80

76

DH Mulig 1

Horizontal

7,005

Davao

280

128

DH San Lorenzo

Horizontal

3,749

Davao

520

510

Urban DH Manila

MRB

13,212

Manila

2,112

2,513

DH Bacolod South

Horizontal

9,044

Bacolod

160

136

7,076

7,287

Project DH Marilao

Urban DH Hernan Cortez

For 2016, 7,076 units will form 57% of this year’s performance, with a value totaling almost P 7.3 Billion.

Total

75,608

Value   (in  M Php)

2015  RESULTS  OF  OPERATIONS 28

On-­‐Going  Projects  Contribute   40%  to  Revenue  in  2016 In addition to new projects, 8990’s eleven ongoing projects will provide an additional 5,377 units nationwide, with a value of P 4.8 Billion.

Project

Units  to  b e   Delivered   for  2016

Value   (in  M Php)

Type

Location

DCRR (Socialized)

Horizontal

Angeles

1,359

29

18

DCRR (Economic)

Horizontal

Angeles

3,145

1,502

1,352

DCRR (SA)

Horizontal

Angeles

328

42

55

DH Tanza

Horizontal

Cavite

632

240

114

MRB

Muntinlupa

1,068

536

687

Horizontal

Iloilo

2,125

644

631

MRB

Cebu

936

269

296

DH Indangan

Horizontal

Davao

2,840

547

602

DH Catalunan

Horizontal

Davao

720

360

396

DH GenSan (Socialized)

Horizontal

General Santos

2,531

960

442

DH GenSan (Economic)

Horizontal

General Santos

249

249

212

15,953

5,377

4,815

Urban DH Campville DH Pavia RR

In sum, both new and ongoing projects will provide a total of 12,453 housing units and a gross value of P12.0 Billion for 2016.

Total   Units

Urban DH Tisa 1

Total

2015  RESULTS  OF  OPERATIONS 29

8990  Targets  12  Billion  Revenues  in  2016 PERCENTAGE   BY  BRANCH  (VALUE)

REVENUE  PERCENTAGE Mindanao,   20%

NCR,   27% Luzon,  50% Visayas,  30%

North   Luzon,  14%

South   Luzon,  9%

GenSan,  5% Bacolod,   1% Iloilo,  12%

Cebu,  17% Davao   ,   14%

2016 projected revenues shall be comprised of: 50% from Luzon, 30% from Visayas, and 20% from Mindanao projects. The prices of the housing units will range from P450,000 to P1,250,000 per unit.

2015  RESULTS  OF  OPERATIONS 30

8990  To  Build  12,453  Houses  in  2016 PERCENTAGE   BY  REGION  (UNITS) Mindanao,   24%

NCR,   21% Luzon,  46%

Visayas,   30%

PERCENTAGE   BY  BRANCH  (UNITS) North   Luzon,  15% South   Luzon,  9%

GenSan,   10% Bacolod,   1% Iloilo,  13%

Cebu,  16% Davao   ,   14%

12,453 housing units will be built in 2016, where 46% would come from Luzon, 30% from the Visayas and 24% from Mindanao.

2015  RESULTS  OF  OPERATIONS 31

Harvard Business Review Analytics and professional services firm EY’s Beacon Institute declares: “a new leading edge: those companies able to harness the power of purpose to drive performance and profitability enjoy a distinct competitive advantage”.

Jim Collins and Jerry Porras, authors of 1994’s best seller ”Built to Last”: Between 1926 to 1990, companies guided by a purpose beyond making money returned six times more to shareholders than explicitly profitdriven rivals.

“Profit is not the goal, but is a measure that you are excelling at your purpose”. At 8990, we are the lving proof of this vision. 2015  RESULTS  OF  OPERATIONS 32

SELECTED  PROJECT  PHOTOS

2015  RESULTS  OF  OPERATIONS 33

DECA  CLARK  RESORT  AND  RESIDENCES    (Angeles,  Pampanga)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

North  Luzon

5,237  UNITS 59% December  2016 2015  RESULTS  OF  OPERATIONS 34

URBAN  DECA  TOWER  (Edsa,  Mandaluyong Metro  Manila)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish: Project  Status:

NCR

1,148  UNITS 36% September  2017 65.81  days  ahead 2015  RESULTS  OF  OPERATIONS 35

URBAN  DECA  HOMES  CAMPVILLE  (Cupang,   Muntinlupa City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

NCR

1,024  UNITS 31% March  2017 2015  RESULTS  OF  OPERATIONS 36

URBAN  DECA  HOMES  MANILA    (Vitas,Tondo Manila)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

NCR

13,212  UNITS 0% December  2019 2015  RESULTS  OF  OPERATIONS 37

DECA  HOMES  BELLAVISTA  (General  Trias,  Cavite)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

SOUTH  LUZON

3,881  UNITS 92% March  2016 2015  RESULTS  OF  OPERATIONS 38

DECA  HOMES  TANZA  (Bgry.  Amaya,  Tanza Cavite)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

SOUTH  LUZON

632  UNITS 73% MARCH  2016 2015  RESULTS  OF  OPERATIONS 39

DECA  HOMES  PAVIA  RESORT  AND  RESIDENCES  (Pandac,  Pavia  Ilo-­‐ilo)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

VISAYAS

2,125  UNITS 44% JUNE  2016 2015  RESULTS  OF  OPERATIONS 40

VISAYAS

DECA  HOMES  PAVIA  RESORT  AND  RESIDENCES  2  (Pandac,  Pavia  Ilo-­‐ilo) Total  No.  of  Units:   2,982  UNITS Percent  of  Completion: 0% Date  to  Finish: FEBRUARY  2018 DECA  HOMES  SANTA  BARBARA Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

10,262  UNITS 0% JUNE  2018 2015  RESULTS  OF  OPERATIONS 41

URBAN  DECA  HOMES  TISA  (Naya Road,  Cebu  City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

VISAYAS

976  UNITS 63% June  2016 2015  RESULTS  OF  OPERATIONS 42

DECA  HOMES  BAYWALK  TALISAY  3  (Dunlog,   Talisay City  Cebu)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

VISAYAS

729  UNITS 0% SEPTEMBER  2016 2015  RESULTS  OF  OPERATIONS 43

VISAYAS

URBAN  DECA  HOMES  H.CORTES  (Brgy.  Kasambagan Cebu  City) Total  No.  of  Units:   1,432  UNITS Percent  of  Completion: 0% Date  to  Finish: JANUARY  2018 URBAN  DECA  HOMES  MACTAN  (Brgy.  Babag,  Lapu-­‐Lapu City) Total  No.  of  Units:   7,084  UNITS Percent  of  Completion: 0% Date  to  Finish: JANUARY  2024 2015  RESULTS  OF  OPERATIONS 44

DECA  HOMES  MACTAN  6  (Brgy.  Basak Lapu-­‐lapu City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

VISAYAS

3,446  UNITS 0% JANUARY  2024 2015  RESULTS  OF  OPERATIONS 45

DECA  HOMES  INDANGAN  (Brgy.  Catalunan Granda – Davao  City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

MINDANAO

3,239  UNITS 79% SEPTEMBER  2016 2015  RESULTS  OF  OPERATIONS 46

DECA  HOMES  CATALUNAN  GRANDE  (Brgy.  Calumpang – General  Santos)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

MINDANAO

649  UNITS 26% MAY  2016 2015  RESULTS  OF  OPERATIONS 47

DECA  HOMES  GENSAN  1  (Brgy.  Calumpang – Genreal Santos  City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

MINDANAO

2,778  UNITS 26% MAY  2016 2015  RESULTS  OF  OPERATIONS 48

DECA  HOMES  SAN  IÑIGO  (Brgy.  Bago Gallera – Davao  City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

MINDANAO

6,273UNITS 0% DECEMBER  2019

2015  RESULTS  OF  OPERATIONS 49

DECA  HOMES  SAN  LORENZO  (Brgy.  Tigatto – Davao  City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

MINDANAO

2,853  UNITS 0% JUNE  2018

2015  RESULTS  OF  OPERATIONS 50

DECA  HOMES  MULIG  (Brgy.  Mulig – Davao  City)

Total  No.  of  Units:   Percent  of  Completion: Date  to  Finish:

MINDANAO

6,804  UNITS 0% DECEMBER  2019

2015  RESULTS  OF  OPERATIONS 51