Ayala Land sets P100-B in projects for this year

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SOURCE: https://business.inquirer.net/342158/ayala-land-sets-p100-b-in-projects-for-this-year

By: Doris Dumlao-Abadilla – Reporter / @philbizwatcher

Philippine Daily Inquirer / 04:30 AM March 02, 2022

Property giant Ayala Land Inc. (ALI) plans to bring to the real estate market P100 billion worth of new inventory this year, regaining the kind of expansion appetite last seen prior to the COVID-19 pandemic.

ALI posted a 40-percent growth in net profit last year to P12.2 billion, driven by higher property development and office leasing revenues. This attained 92 percent of the P13.24-billion net income that Bloomberg market consensus expected the firm to deliver for the year.

Compared to prepandemic earnings, ALI’s 2021 bottom line accounted for 37.4 percent of the P33.19-billion net profit posted in 2019.

For the fourth quarter alone, ALI’s net income reached P3.6 billion, 52 percent higher year-on-year and 54 percent higher quarter-on-quarter.

“Our focus in 2021 was to ensure we provided the right environment in our communities for our residents, businesses and institutional locators to adapt and function better while executing our business recovery plans. As the economy moves to full reopening in 2022, we look forward to the acceleration of our business activity backed by our land bank, diversified portfolio and market-leading estate developments,” said Bernard Vincent Dy, ALI president and CEO.

Capital spending hike

In an investors briefing on Tuesday, ALI chief financial officer Augusto Bengzon said the group’s capital spending this year would increase to P90 billion, rising from P64 billion last year.

Residential projects will account for 49 percent of capital outlays this year, followed by estate development which will account for 18 percent. Land acquisition will have a budgeted share of 19 percent. Mall developments will account for 5 percent, while hotel and resorts as well as offices will each have a share of 2 percent.

For the new product launches with an estimated value of P100 billion, the Alveo brand will have the biggest share at 38 percent, followed by Avida and Ayala Land Premier with 25 percent and 24 percent, respectively. In terms of location, South Luzon will have the biggest share at 43 percent, followed by Metro Manila with 33 percent.

“With the full reopening [of the economy], we see or anticipate increased demand from the renewed confidence and, as such, we are planning to launch P100 billion worth of projects,” Dy said.

Last year, ALI rolled out 22 projects valued at P75.3 billion, seven times more than the rollout in 2020 at the peak of local lockdowns.

Rising revenues

In 2021, ALI’s revenues increased by 10 percent to P106.1 billion, as property development revenues grew by 14 percent to P75.9 billion on the back of construction progress and higher project bookings. Most of the revenue buildup commenced in the fourth quarter as it grew by 40 percent to P24.4 billion from the third quarter.

upported by relaxed quarantine restrictions in the fourth quarter, total revenues sequentially grew by 2 percent to P33.5 billion.

As an indicator of future revenue growth, sales reservations for the year reached P92.2 billion, up by 13 percent from the level in 2020. This was mainly attributed to solid demand for lots in Southern Luzon by Ayala Land Premier and Alveo.

Sales reservations from lot sales alone jumped by 36 percent to P41.5 billion during the year. In the fourth quarter, sales grew by 5-percent year-on-year to P22.1 billion. INQ

Ayala Greenfield Estates Inventory

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Ayala Greenfield Estates Developer Lot Inventory
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Carbon Neutrality Goal

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LISTED property developer Ayala Land, Inc. said on Tuesday that it has achieved 91% of carbon neutrality in its commercial properties by switching to renewables and embarking on reforestation efforts, keeping the firm on track in reaching its 100% target by 2022.
Carbon neutrality refers to a balance between emitting and absorbing carbon from the atmosphere to achieve net zero emissions.
Manuel A. Blas II, Ayala Land’s estate group head of corporate services, said in a press release that around 63% of the total gross leasable area of commercial properties have been using renewable energy, as of last year.
He added that some 25,000 trees were planted across 24 hectares in its carbon forests last year; and 80% of the “total carbon forest area” are now covered with trees.
“We’re confident we will hit our target by the end of next year,” Mr. Blas said, referring to the firm’s goal of fully reducing the use of fossil fuels in powering Ayala Land’s malls, offices, hotels and resorts and protecting 586 hectares of carbon forests by 2022.
Four years ago, the company embarked on a program to reduce its carbon footprint to zero by 2022.
Ayala Land Chairman Fernando Zobel de Ayala said that the firm’s efforts to achieve carbon neutrality “affirms its commitment to sustainable and inclusive growth.”
Ayala Land is one of the major subsidiaries of diversified conglomerate Ayala Corp. It has five residential brands in the housing market, and holds a commercial development and leasing portfolio composed of Ayala Malls, Ayala Land Offices, and Ayala Land Hotels and Resorts Corp.
Shares of Ayala Land in the local bourse inched down 0.42% or 15 centavos to finish at P35.75 apiece. — Angelica Y. Yang

Parklinks North Tower Availability

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ALI News

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Ayala Land to use The 30th proceeds to develop 7 projects

By: Doris Dumlao-Abadilla – Reporter / @philbizwatcherPhilippine Daily Inquirer / 04:00 AM January 19, 2021

Property giant Ayala Land Inc. (ALI) plans to recycle P5.11 billion in proceeds from the sale of The 30th commercial hub to AREIT Inc. for the development of seven commercial facilities and land parcels across the country.

The project pipeline consists of two mixed-use offices and malls located within Metro Manila and Cebu, one mall in Metro Manila, one office project also in Metro Manila, and three land parcels located in Cavite, Pampanga and Tarlac provinces, ALI and AREIT disclosed to the Philippine Stock Exchange on Monday.

Read more: https://business.inquirer.net/315984/ayala-land-to-use-the-30th-proceeds-to-develop-7-projects#ixzz6kL6aqLuU

ALI Offsetting Greenhouse Gas

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ALI to offset 70% greenhouse gas by year-end
Published September 14, 2019, 10:00 PM
By Emmie V. Abadilla

SOURCE:https://business.mb.com.ph/2019/09/14/ali-to-offset-70-greenhouse-gas-by-year-end/

The country’s top property developer, Ayala Land, Inc. (ALI), will offset 70 percent of its greenhouse gas (GHG) emissions this year-end and expects net-zero carbon emissions in its malls, offices and other commercial properties by 2022, eight years earlier than the national target date.

Corporate entities are among the world’s largest polluters, emitting greenhouse gases (carbon dioxide, methane, nitrous oxide, and ozone) that cause global temperatures to rise. Although the Philippines is not among the world’s top emitters, it is vulnerable to the effects of climate change.
Alfonso Javier D. Reyes, CEO of Direct Power Services, Inc., a wholly-owned subsidiary of ALI, said the company has been at the forefront of the country’s environmental sustainability campaign for over a decade.

The property firm has been measuring its carbon emissions since 2008 and working to minimize its footprint. Achieving “net-zero carbon” or becoming “carbon neutral” measures how successful the company is in offset its GHG emissions.

ALI follows four strategies to achieve carbon neutrality: Avoid emissions through passive cooling and sustainable architectural design; reduce fuel and energy use; shift to renewable energy (with minimal to zero emissions) and enhance carbon stock in forests via assisted natural regeneration.

While its carbon forests continue to expand in coverage, more of ALI’s commercial properties are shifting to renewable energy where available. These properties are “contestable customers” averaging at least 1,000 kilowatts per month and can opt to choose their own Retail Electricity Suppliers and energy source.

“When ALI announced its carbon neutrality goals, we began changing our energy mix, sourcing our electricity contracts from renewable energy plants and from suppliers who are able to provide us with carbon-offset certificates conforming to international standards,” explained Reyes.

“We account for the GHG emissions of our commercial properties and construction activities in our Integrated Report disclosures to help us manage our carbon footprint. The I-REC and VER certificates assure us of the integrity of the reductions and offsets,” added Anna Maria M. Gonzales, Sustainability Manager at Ayala Land.

ALI’s carbon forests are nurtured through volunteers mobilized by partner non-government organizations.

As of 2018, 42,057 new native trees have been planted, with an 80%-100% survival rate across the sites. By protecting existing trees, soil, and vegetation in the sites, ALI enhances the capacity of these forests to continue absorbing carbon dioxide from the atmosphere.

ALI’s renewable energy patronage also significantly reduced its carbon emissions. To date, ALI’s malls and offices have avoided 84,642 tons of carbon dioxide equivalent (t-CO2e) from the shift to renewable energy alone. This is equivalent to the emissions produced by 16,303 passenger vehicles driven for a year.

As of last count, UP-AyalaLand Technohub, an early adopter of renewable energy and ALI’s top consumer of electricity, avoided 15,497 tCO2e emissions in 2018 alone (equivalent to the emissions from 2,985 passenger vehicles driven for one year). Meanwhile, Ayala Malls Vertis North and Tutuban Properties Inc., also running on renewable energy, avoided a combined total of 10,168 tCO2e emissions (or the same amount of emissions from 906,115 gallons of diesel consumed).

Under the Paris Agreement, the Philippines targets to cut its overall greenhouse gas emissions by 70% by 2030. ALI’s carbon neutrality initiative and its earlier deadline of 2022 directly contributes to the national goal and the global effort to limit global warming to 1.5 degrees Celsius by 2030.

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Parklinks Availability

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Parklinks North Tower (PNT) Available Units + Prices

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Arca South Infra Plans

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Disclaimer: The contents herein are subject to change without prior notice and do not constitute part of an offer or contract.

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“Everyday Ayala Land” Video

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Ayala Land continues to create opportunities for Filipinos to lead well-lived lives. Everyday, our sustainable mixed-use communities foster harmony at home, at work, and at play. Every day, we continue to work as a strong partner in nation building.

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Anvaya Cove South Coast Availability

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