C04889-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Aug 7, 2017
2. SEC Identification Number
152747
3. BIR Tax Identification No.
000-153-790-000
4. Exact name of issuer as specified in its charter
AYALA LAND, INC.
5. Province, country or other jurisdiction of incorporation
MAKATI CITY, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
31F Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(632) 750-6974
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 14,724,947,558
Preferred Shares 13,066,494,759
11. Indicate the item numbers reported herein
Item 9.

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala Land, Inc.ALI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Ayala Land first half earnings up 18% to 11.5B driven by strong residential sales
Background/Description of the Disclosure

Ayala Land Inc. (ALI) posted strong net earnings of P11.5 billion in the first half of the year as the company focused on developing projects across its 22 estates nationwide. Its income was 18% higher than the P9.7 billion it posted in the same period in 2016, driven by solid contributions from its property development and leasing businesses.

ALI’s consolidated revenues reached P64.5 billion, 18% higher compared to P54.8 billion it earned in the previous year, while revenues from real estate increased 18% to P60.5 billion. More than half of company revenues came from property development which includes the sale of residential lots and units, office spaces, as well as commercial and industrial lots.

Property sales boosted in the first half of 2017 as it reached P61.4 billion, 11% higher than the P55.1 billion it reported last year, translating to an average monthly sale of P10.2 billion.

“We've seen residential sales pick up in 2017, after a few years of relatively flat growth. Given our pipeline of launches for the balance of 2017, we remain positive that we can sustain the growth in the second half of the year. At the same time, our leasing business continues on its steady upward trajectory given the increasing contribution of our new shopping centers, offices and hotels,” said Bernard Vincent O. Dy, ALI President and CEO.

ALI remains on track in executing plans towards achieving its 2020 net income target of P40 billion.

During the first half of the year, the company launched the 200-hectare Evo City in Kawit, Cavite which is envisioned to become a new central business district in the area. It also opened an Ayala mall and its largest Seda hotel in Vertis North, an emerging estate located at Quezon City’s future central business district. It also introduced Ayala Land Premier’s Cerilo, an 85-hectare upscale residential community in its flagship sustainable estate, Nuvali, Laguna.

“Our sustainable estates serve as platforms for growth as we expand to new geographies across the country. Our latest estate, Evo City in Kawit, was well received by the market when we introduced its first residential project in May. We look forward to the launch of two more estates in 2017, Azuela Cove in Davao and Parklinks along C5 in Quezon and Pasig cities,” he added.

Total revenues from property development amounted to P44.3 billion, 32% higher than P33.7 billion in the same period in 2016, while total revenues from commercial leasing amounted to P14.17 billion, 11% higher than P12.76 billion last year.

Ayala Land spent a total of P41.6 billion for project and capital expenditures as of June 2017. 48% was spent on the completion of residential projects and 33% was spent on commercial leasing projects. 12% was spent on land acquisition, new businesses, services and other investments while 7% was spent on the development of its estates.

In July, ALI issued and listed in the Philippine Dealing and Exchange Corp. (PDEx) Short Dated Notes worth P4.3 billion, due in 2019 and carrying a fixed coupon rate of 2.75%, to partially finance capital expenditures. This is the first enrolment in the Philippines of a corporate security that will be distributed to qualified institutional buyers.
Other Relevant Information

none
Filed on behalf by:
Name Albert Ong
Designation Manager