PowerPoint Presentation

[Audio] Good morning partners!. And thank you for joining us today. We will take opportunity to properly introduce to you DM Wenceslao and Associates, Incorporated..

[Audio] DM Wenceslao and Associates, Incorporated is one of the largest publicly listed integrated property developer with expertise in land reclamation, construction and real estate development. Through its subsidiaries, Aseana Residential Holdings Corp, and Aseana Holdings, Inc., it has evolved to building residential and commercial projects into its core business. We started our humble beginnings 55 years ago as a construction company. We're one of the few construction companies with a quadruple A license in the country, having developed more than 140 projects including 27 large-scale government projects such as ports, bridges, highways and land reclamation. With an active growth mindset, we have grown our portfolio to include 3 residential condos, 13 commercial buildings and with Aseana City, we have one of the largest contiguous set of prime lots in Metro Manila. This rounds us up with about 76 hectares of premium landbank throughout the country. Currently, we have built around 60,000 sqm in residential floor area and almost 90,000 square meters in commercial floor area. As a publicly listed company, we are valued at 29.7 Billion pesos and posting about 2 billion pesos in net profit in 2020-the year when we first went public..

[Audio] As a fully integrated property developer, our competency is foremost established by our construction background. With a good track record of large-scale projects, we are able to operate with proven efficiency and cost-effectiveness. With various partnerships in government infrastructure, we have optimized our processes to harmoniously operate amid a complex regulatory landscape..

[Audio] A quick look at our history would show several construction milestones in the early years of the company. Most of these were government infrastructure projects such as ports, bridges and highways. In 1989, the company was able to acquire the contract to reclaim 204 hectares in the Manila Bay area, the same project that paved the way for the company's flagship mixed-use community, Aseana City. In ten years' time, most of the reclamation works have been substantially completed, which in 2003, allowed us to land our first land lease contract, with S&R and signified our ascent to the real estate industry. In 2004, we completed our first commercial development, Aseana Powerstation. In 2012, we saw our first full scale BPO office development, which set off our trajectory to being a full range developer. Since the developments in Aseana City have caught up with the increasing demand in the Bay Area, with our second office completed in 2014, while the integrated resort casino, City of Dreams and Ayala Mall's Manila Bay- Ayala's biggest mall development, broke ground in 2015. 2016 saw our first foray into residential development with Pixel Residences. A year later, Pixel Residences had been fully sold out, as we also saw the completion of another commercial development, Aseana Square, and our third office bldg., Aseana 3. These developments altogether poised us for our IPO in 2018. That same year, we launched MidPark Towers, our 2nd residential project as we broke ground for 8912 Asean Ave, our biggest office development to date. In 2019, we set our presence in the Makati CBD with 58 Jupiter's groundbreaking. Further, we launched Aseana City's centerpiece, Parqal, a public space-oriented mixed-use development sprawling over 5 hectares of low-density premium retail and office spaces..

[Audio] As an integrated property developer, our development program is anchored in these 5 pillars: Construction, Land Reclamation, Land Sales and leasing, Property Development and Commercial Building Leasing. We are one of about 20 construction companies who have the highest quadruple A license and has established the scale and resources for large scale developments. We also have more than 50 years of good track record in infrastructure and land reclamation, having reclaimed more than 2.4 million sqm of land to date. As the owner and developer of Aseana City, we have one of the largest contiguous land holdings in Metro Manila, with about 58 hectares of prime land along the Manila Bay locale. We also have numerous residential and commercial development with about 85,000 sqm of saleable and 290,000 sqm of leasable area to be developed in the next 2 years. Lastly, we have about 90,000 sqm of leasable floor area with unparalleled occupancy of about 100%..

[Audio] Allow us to walk you through our flagship mixed-use estate, Aseana City..

[Audio] Aseana City is part of the ' Bay City' the government's massive reclamation program that stretches from Manila to Paranaque. The first developments started in the Manila/ Pasay vicinity on the left portion of the map, which is where the CCP complex and the Sofitel Manila are currently located. It was followed by the Asiaworld reclamation at the rightmost portion, around the Paranaque/ Las Pinas vicinity, where most of the earlier residential projects are standing. Followed by the Mall Of Asia complex at center-left, primarily zoned for commercial developments in the Pasay Vicinity, and lastly, the reclamation project that was undertaken by the company which gave rise to the Entertainment City and Aseana City, highlighted in green..

[Audio] This is where Aseana was almost 30 years ago. This vast body of water across Roxas boulevard..

[Audio] This was around 1999, when it was substantially reclaimed..

[Audio] Then little by little, Aseana City has grown to be one of the highly valued piece of real property, evolving to a full-fledged mixed-use city. We see Ayala's biggest mall, City of Dreams, our own developments such as Pixel, and Aseana 3, international schools, a church, and institutions such as the DFA..

[Audio] Our vision for Aseana City is for it to become Metro Manila's Next generation CBD for the next generation While we do hire world renowned consultants We have the capability to build cities in house – from land development, planning, construction, marketing to operations and property management We are also building a diverse, well-rounded community – not only offices, casinos or hotels but also institutional uses.

[Audio] Aseana City is uniquely positioned in between two major economic hotspots. To the left/ north is the MOA complex that houses large-scale MICE facilities such as the MOA arena, SMX and various hotels. Meanwhile, on our right are the three biggest integrated resorts, hotels and casinos in Okada, City of Dreams and Solaire, as well as our immediate connection to NAIAx that positions us 5mins away from the airport, and less than 20 mins away from other key CBDs, Makati, BGC and Alabang via the skyway. This allows us to enjoy all the domestic and international trade and tourism traffic that come from either side. It also gives us the opportunity to cater to various lifestyles and product formats hence, our full-range developments from residential, retail, office and civic spaces..

[Audio] This is our masterplan For Aseana City. Orange are the Mixed uses, Yellow is for Residential, Purple for the integrated resorts. We'll like notice that on the right side of Asean Ave are the large land leases and planned use development, while the left side comprise mostly DMWAI projects. Our development program is made such that we holistically cater to various needs and lifestyles as seen on the projects in our portfolio (skim thru the images).

[Audio] From over 2 million square meters of planned development, around 50% is already built, mostly from offices, and retail developments. Around 60 hectares of premium space is currently being built, half of which are residential developments, while another 30 hectares are currently in the pipeline which are equally shared by Residential and Commercial Developments. Overall, we'll see a fairly balanced mix of projects that range from residential, office, retail, hotels and institutional uses..

[Audio] As a Transit oriented developments, Aseana City has 4 major transportation infrastructure nearby – NAIA, NAIAX, LRT- 1 Extension, PITX..

[Audio] Some core tenets of our vision for Aseana City revolve around accessibility, connectivity, sustainability, walkability, safety and security, and smart city development.

[Audio] Allow us to walk you thru our current project portfolio..

[Audio] Our first office building, Aseana One has around 20,000 sqm of prime office space with 100% occupancy and was completed last 2012..

[Audio] Located beside Aseana 1, Aseana 2 added around 15,000 sqm of leasable space, also fully occupied at current.

[Audio] Located at the busy intersection of Macapagal Blvd and Asean Ave. Aseana 3 features 47,000 sqm of prime office space across 16 floors. It also enjoys full occupancy.

[Audio] Aseana Square features around 2,100 sqm of commercial, retail space spread across numerous shops. With various F&B units, this low-density development also serves as a watering hole for people heading south before they proceed to a relatively long drive to the southern suburbs of Cavite.

[Audio] Pixel Residences is a 15 storey low-density development. As mentioned earlier, this is our first foray into the residential segment, which was a resounding success, with all of its 170 lareg-format units taken up in just 7 months..

[Audio] Launched in 2018, MidPark Towers is our 2nd residential development that features livable studios to three-bedroom units across four towers wrapped in a predominantly glass façade. Currently majority of the units have already been taken up..

[Audio] Our biggest office development yet, 8912 features two towers with expansive floor plates that allow for flexible office requirements. With 68,000 sqm of premium office space, it's located right across Ayala Mall's manila bay with convenient access via elevated walkway. We're on-track to launching this year as a driving presence in the increasingly progressive office landscape..

[Audio] We have Aseana City's centerpiece, the 5-hectare sprawling mixed-use development Parqal. Composed of 9 independent, low-density buildings, it shall feature exquisite retail brands, prime office spaces and vast open spaces. A green development that's also BERDE certified, Parqal will be complemented with pocket parks and a linear path that features a state-of-the art ETFE canopy that allows for leisurely walks and comfortable, modernized park experience, consistent to its name..

[Audio] This is another beautiful view of Parqal..

[Audio] Our third residential development shall be a standout amid the sprawling mixed-use developments in Aseana City. It shall feature large format suites, complemented by retail and small offices in its podium floors. This project is currently being cooked to serve the growing residential demand in the area..

[Audio] Lastly, we have Aseana Plaza, which shall be our biggest mixed-use development once completed in 2024. It features a massive 160,000 sqm of premium office and retail space spread across four towers. It shall be connected conveniently to Parqal and Ayala Malls Manila Bay through Aseana City's network of skywalks..

[Audio] Once fully completed, we envision a development that caters to holistic lifestyles, replete with exquisite and interesting spaces from residential, retail, office and leisure destinations. This is Aseana City, Manila Bay Area's Next Generation City..

Thank You.