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
5
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
8
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