C07828-2023

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)
Nov 6, 2023
2. SEC Identification Number
AS094-000088
3. BIR Tax Identification No.
003-058-789
4. Exact name of issuer as specified in its charter
SM PRIME HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Blvd., Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay City, Philippines Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8831-1000
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, P1 PAR VALUE 28,879,231,694
DEBT SECURITIES – RETAIL BOND 135,432,740,000
11. Indicate the item numbers reported herein
ITEM # 9, LETTER B.

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.

SM Prime Holdings, Inc.SMPH

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

PRESS RELEASE
SM Prime Earns PHP30 Billion in 9M 2023
Background/Description of the Disclosure

(06 November 2023, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, recorded PHP30.1 billion net income in the first nine months of 2023, 37% higher than PHP22.0 billion in 2022. This is supported by PHP92.6 billion in consolidated revenues, a 26% growth from last year’s PHP73.7 billion. Consolidated operating income increased by 29% to PHP44.5 billion in 9M2023 from PHP34.6 billion in 9M2022.

SM Prime’s consolidated net income grew by 35% to PHP10.7 billion in 3Q2023 from PHP7.9 billion in 3Q2022. Consolidated revenues reached PHP32.7 billion, 20% higher than PHP27.3 billion. Consolidated operating income increased by 17% to PHP15.6 billion from PHP13.3 billion in the same period being reviewed.

“Our strategic operations over the past months provided us remarkable results this quarter, which we expect to lead us to a stronger full-year performance. I would like to thank our customers and partners for their continued support that aim to deliver convenience and comfort to everyone,” SM Prime President Jeffrey Lim said.

SM Prime’s mall business, which accounts for 57% of the Company’s consolidated revenues, recorded PHP52.5 billion in the first three quarters of 2023, up by 37% from PHP38.2 billion in the same period last year. SM Prime’s mall rental income rose to PHP44.8 billion in 9M2023, 29% higher than last year’s PHP34.7 billion. SM Prime’s cinemas, event ticket sales, and other revenues increased significantly to PHP7.7 billion from PHP3.5 billion in the same period last year.

SM Prime’s primary residential business, led by SM Development Corp. (SMDC), reported PHP11.1 billion in revenues in 3Q2023, 20% higher than PHP9.3 billion in 3Q2022. This makes primary residential business revenues up by 10% to PHP28.7 billion in 9M2023 from PHP26.1 billion in 9M2022. SMDC’s reservation sales reached PHP89.3 billion in first three quarters of 2023, 6% higher than last year’s PHP83.9 billion.

SM Prime’s other key businesses, which include offices, hotels, and convention centers, generated PHP9.5 billion in revenues in the first nine months of 2023, a 33% growth from PHP7.2 billion in 2022. The Company’s office business segment posted PHP4.9 billion in revenues, 14% higher than last year, while the hotels and convention centers business segment’s revenues reached PHP4.6 billion, 64% higher than 9M2022.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.

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Other Relevant Information

For further information, please contact:
Alexander Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: +632 8862 7940


Forward-looking Statement
This document may contain forward-looking statements and forward-looking information that are subject to significant risks and uncertainties including, 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: (1) SM Prime Holdings, Inc. has extensive experience; and (2) the forward-looking statements may be reasonable, nothing herein should be relied upon as a commitment from SM Prime Holdings, Inc. as we cannot guarantee future events, performance or events due to various risks and uncertainties.
Filed on behalf by:
Name Alexander Pomento
Designation Vice President