C04558-2022

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)
Jun 20, 2022
2. SEC Identification Number
CS200321240
3. BIR Tax Identification No.
227-599-320-000
4. Exact name of issuer as specified in its charter
CEBU LANDMASTERS, INC
5. Province, country or other jurisdiction of incorporation
CEBU CITY, CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000
8. Issuer's telephone number, including area code
(032) 2314914
9. Former name or former address, if changed since last report
N/A
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 3,465,201,467
11. Indicate the item numbers reported herein
OTHER ITEMS

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.

Cebu Landmasters, Inc.CLI

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

CLI approves up to P8-B maiden retail bond issuance
Background/Description of the Disclosure

Leading developer in VisMin Cebu Landmasters, Inc. (CLI) announced on Monday, June 20, that its board of directors has approved the offer and issuance of peso-denominated fixed rate bonds with a principal amount of up to P5 billion and a P3 billion oversubscription option.
The issuance is part of an initial offer from a shelf registration of a P15 billion debt securities program to be utilized within three years.
The firm is tapping the Philippine Depository and Trust Corp. as registrar and paying agent; and both BPI Capital Corporation, and China Bank Capital Corporation, as the joint issue managers, joint lead underwriters and joint lead bookrunners.
“This maiden public bond offer of Cebu Landmasters is part of our strategy to sustainably maintain our growth and expansion plans as we serve the housing needs of the Filipino family. Especially in Vismin where the need for quality housing is constantly underserved, CLI is committed to delivering this essential need and contributing to the development of the communities we are helping to build,” said CLI chief finance officer Grant L. Cheng.
“We are pleased to have two of our strongest partners, BPI and Chinabank, manage this maiden issuance. We’re excited to bring our story to the public debt markets and we believe we have something unique to offer debt investors,” Cheng added.
The bonds have indicative maturities ranging from 3.5 to 7 years, with the periods to be determined during the final offer in the third quarter of this year.
Cebu Landmasters will use the bonds to support its growth plans, primarily by investing into markets where CLI’s initial foray has exceeded expectations and continuing its strategic landbanking activities.
The fresh capital will also be deployed to large-scale estate projects such as the 22-hectare Davao Global Township, the 14-hectare Manresa Town in CDO, and the 100-hectare Minglanilla Techno-Business Park (MingMori), CLI’s first reclamation project in Minglanilla, Cebu.
CLI got off to a solid start in 2022, with revenue rising 53 percent to Php3.56 billion from Php2.3 billion in the first quarter, with all business segments performing strongly.
Sales take-up also surged to Php4.5 billion or 36% more than Q1 2021’s Php3.3 billion. The biggest contributor was The East Village at DGT, the first residential project of CLI’s Davao Global Township (DGT) named as the Best Township in Asia by PropertyGuru Asia Property Awards in 2021. Three of the residential community’s six towers sold out in four days, prompting the launch of the fourth tower in Q2 2022.
This strong performance contributes to a 62% net income growth from core operations factoring out the Q1 2021 tax benefit. CLI recorded earnings of Php806 million from Php714 million or 14% over the same period when the CREATE law facilitated one-time tax benefits for the firm.###
Other Relevant Information

NOTE: The disclosure contains forward-looking statements and facts that are subject to considerable risks and uncertainties. These forwardlooking statements include, but are not limited to, statements about known and unknown risks; uncertainties and other factors that may cause actual results to differ from expected future performance.
Filed on behalf by:
Name Clarissa Mae Cabalda
Designation Corfin/Investor Relations Manager