C04357-2023

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)
Jun 1, 2023
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 4-30 - 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

CLI gears up to launch P29.75B worth of new projects, prepares for Luzon entry in the next two years
Background/Description of the Disclosure

● Cebu Landmasters, Inc. (CLI) plans to launch P29.75 billion worth of new projects to sustain its successful growth trajectory in 2022 and beyond
● In 2022, CLI achieved a record-breaking normalized net income of P3.17 billion, a 32% increase from the previous year, and saw growth in all revenue sources
● CLI aims to expand to Luzon in the next two years, establish its foothold further in the hospitality segment, and double down on its sustainability initiatives

Leading developer in VisMin Cebu Landmasters, Inc. (CLI) is expected to launch P29.75 billion worth of pipeline projects to further solidify its growth trajectory after a record-breaking performance in 2022, the company announced during its 2023 Annual Stockholders Meeting held today, June 1, at Citadines Cebu City.

In 2022, CLI hit an all-time high normalized net income of P3.17 billion, up 32% from the previous year. The company recorded earnings growth across all revenue sources, allowing CLI to increase its capital spending by 13% mainly for property development and land acquisition.
“Our robust performance last year demonstrates our growing commitment and strengthened leadership in the VisMin region. We have recorded double-digit growth across all market segments since our 2017 IPO. Because of this remarkable growth, we are finally setting our sights on Luzon in the next two years,” CLI Chairman and CEO Jose R. Soberano III said.

Soberano added that they have been gearing up for the “Next Level CLI” strategy, which includes growing the company’s capital, expanding its portfolio, developing new areas, and striving for sustainability.

CLI just bolstered its capital for future developments. In October 2022, the company listed its first fixed-rate bond offering worth P5 billion at the Philippine Dealing and Exchange Corporation (PDEx). This was from its approved shelf registration of a P15 billion debt securities program to be utilized within three years.

The Philippine Rating Services Corporation awarded the CLI bonds a PhilRatings credit rating of Aa plus with a stable outlook, and recommended the company for its sound management, strategies, and its competitive advantage in VisMin markets, evidenced by continued growth despite the pandemic. For this, CLI was awarded the Best New Bond by The Asset at the 2022 Triple A Country Awards.
CLI distributed close to P2 billion in cash dividends and 123% stock dividends from its IPO until 2022.

Substantial capital build-up pushed CLI to grow its portfolio despite unprecedented adversity at the beginning of 2022, following the onslaught of typhoon Odette that devastated several areas in VisMin in December 2021.

In 2022, the company launched close to 5,000 units across 16 projects, worth P19.36 billion collectively. CLI’s business portfolio also surpassed the 100 mark with a total 109 projects, with over 80 residential projects, 6 offices, 10 hotels, 10 mixed-use projects, and 3 township developments spread across 16 key cities in VisMin. CLI is geared for a stronger expansion with 19 projects in the pipeline worth P29.75 billion collectively.

Aside from continuing to fill in VisMin’s housing backlog by expanding to new areas, CLI is also establishing its foothold in the hospitality industry with three projects to open in 2023, namely, The Pad, lyf Cebu City at Base Line Center, and Citadines Bacolod City. The listed company also targets substantial growth in its leasing business, with the addition of 4,000 sqm worth of gross leasable area (GLA) largely from Davao Global Township retail pads and convention center. Building recurring income developments, will potentially springboard for REIT.
The challenges of the pandemic and typhoon Odette also pushed CLI to double down and expand their sustainability initiatives in 2022...
Other Relevant Information

NOTE: The disclosure contains forward-looking statements and facts that are subject to considerable risks and uncertainties. These forward-looking 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 Vasili Clare Temporada
Designation Corfin Admin