C03052-2023

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)
Apr 25, 2023
2. SEC Identification Number
93269-A
3. BIR Tax Identification No.
000-361-376-000
4. Exact name of issuer as specified in its charter
ROBINSONS LAND CORPORATION
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Level 2, Galleria Corporate Center, EDSA corner Ortigas Avenue, Quezon City, Metro Manila Postal Code 1100
8. Issuer's telephone number, including area code
(02) 8397-1888
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 Stock 4,924,866,085 shares
Registered Bonds Php29,554,780,000.00
11. Indicate the item numbers reported herein
Item 9 – Other Events

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.

Robinsons Land CorporationRLC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Robinsons Land’s Proposed Bond Issue of up to ₱15.0 Billion Gets Highest Credit Rating
Background/Description of the Disclosure

Robinsons Land Corporation (RLC), a leading real estate developer in the Philippines, received the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings) for its proposed bond issuance of up to ₱10.0 billion, with an oversubscription option of up to ₱5.0 billion.

This represents the second and final tranche of the company’s shelf-registered Debt Securities Program in the aggregate principal amount of ₱30.0 billion, which was approved by the Securities and Exchange Commission (SEC) on 12 August 2022. The related Registration Statement was filed with the Securities and Exchange Commission last 20 April 2023.

According to PhilRatings, obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong. A Stable Outlook is defined as “The rating is likely to remain unchanged in the next twelve months.”

The assigned issue rating considered RLC's competitive position and track record, well-diversified portfolio of real estate properties, healthy liquidity, sound capitalization, and experienced management.

As of 31 December 2022, RLC has an extensive portfolio of 53 malls; 31 prime office developments anchored on the resilient BPO sector; 8 work.able centers in the growing flexible workspace segment; 25 diverse, multi-branded hotel properties consisting of luxury hotels and resorts, upscale deluxe hotels, mid-market boutique city and resort hotels, and essential service value hotels; 7 industrial facilities capitalizing on abundant opportunities in the logistics sector; over 100 residential properties; and 20 mixed-use developments, including 3 landmark Destination Estates that espouse the Live-Work-PlayInspire lifestyle.

RLC maintained its strong cash position amid a challenging operating environment caused by the global pandemic. Operating cashflow, which is always at a surplus, amply covered short-term debt. Total assets remained robust at ₱223.4 billion as of 31 December 2022.

As of 31 December 2022, total equity remained healthy at ₱135.4 billion, while net book value per share of ₱25.59 exceeded pre-pandemic levels. Debt-to-equity (DE) stood at 0.33x, indicating ample room for additional borrowings, if needed, to support RLC’s expansion plans and growth strategies.

“The consistent PRS Aaa rating provided by PhilRatings is a testament to the strong balance sheet and amplifies the tremendous potential earnings of RLC. It solidifies RLC’s thrust to provide sustainable profits and maximize shareholder value.” said RLC Chief Financial, Risk and Compliance Officer, Kerwin Max S. Tan.

The company plans to list the bonds with the Philippine Dealing and Exchange Corp. within the year, subject to regulatory approvals.
Other Relevant Information

For further information, please contact:
Rommel L. Rodrigo
Head of Investor Relations
Robinsons Land Corporation

Email: [email protected]
[email protected]

Tel. no#: +632 8397 1888 loc 3156
Forward-looking Statement

This document contains forward-looking statements and forward-looking information that are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to known and unknown risks; uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expected future results; performance or achievements expressed or implied by forward-looking statements; our overall future business, financial condition, and results of operations, including, but not limited to financial position or cash flow; our goals for or estimates of future operational performance or results; and changes in the regulatory environment including, but not limited to, policies, decisions, and determinations of governmental or regulatory authorities. Although Robinsons Land Corporation (RLC) has extensive experience and that the forward-looking statements may be reasonable, nothing herein the disclosure should be relied upon as a commitment as we cannot guarantee future events due to various risks and uncertainties.
Filed on behalf by:
Name Sheila Jean Francisco
Designation Vice President - Controller