By The Financial District
ALI Maintains Positive Outlook For 2023
Ayala Land, Inc. (ALI) has maintained its positive outlook for 2023 and beyond as it plans to introduce new offerings geared towards evolving market needs and accelerate the rollout of more sustainable estates nationwide amid the full reopening of the economy.
Photo Insert: Ayala Corporation CEO, Jaime Augusto Zobel de Ayala, with Ayala Land, Inc. President Bobby Dy and Chairman Fernando Zobel de Ayala at the ALI Stockholders' Meeting
“As the country's growth continues to gain momentum, we will accelerate the rollout of our large-scale, mixed-use, and sustainable estates,” said ALI chairman, Jaime Augusto Zobel de Ayala during the company’s recent annual stockholders meeting.
He noted that “With 49 estates across the country, we see these as additional growth platforms for ALI and as catalysts for economic progress for the communities we serve.”
ALI has set aside P85 billion for capital expenditures in 2023, higher than the P72.4 billion spent last year. About 39 percent of these expenditures will be allocated for residential projects, while 23 percent will be used for land acquisition. Ayala Land launched two new estates in 2022, namely Areza at Lipa City, Batangas, and Crossroads at Plaridel, Bulacan.
The 92-hectare Areza development is ALI’s first master-planned, mixed-use estate in Batangas, while Crossroads is an 83-hectare integrated mixed-use master-planned estate with residential and commercial components in the rising enterprise zone on the eastern side of Bulacan.
“We are investing P15.2 billion for the initial development of these two estates over the next few years. We believe they will spur economic activity in these emerging localities, maximize synergies among our product lines, and enable us to deliver value to these local economies and their stakeholders,” said Zobel.
ALI President and CEO, Bernard Vincent O. Dy, said that “As we look back on the challenges of 2022, including the pandemic, geopolitical conflict, rising inflation, and higher interest rates, we realize that our accomplishments from the past year have instilled hope and optimism for the future.”
He noted that “We are inspired by our customers' unwavering support and the meaningful resurgence of our various business lines.”
“Our focus on customer satisfaction, operational excellence, and innovation while managing risks and creating shareholder value will continue to guide our endeavors as we strive for sustained growth,” Dy said.
He said 2022 provided the company with an opportunity to revitalize its business lines. Aside from the sustained demand for its property development products, ALI’s commercial leasing business posted a 62% increase in revenues to P33.4 billion last year.
The company registered ancillary business growth as well, with subsidiary AyalaLand Logistics Holdings Corp. adding 86,700 square meters of warehouse space in Calamba, Cavite, and Batangas.
“Moreover, our property-for-share swap with AREIT involving six properties based in Cebu, worth P11.3 billion, received approval from the SEC. This transaction propelled AREIT's leasing portfolio to 673,000 square meters and assets under management to P64 billion,” said Dy.
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