Presented by: ROBERTO V. GARCIA Chairman and Administrator Subic Bay Metropolitan Authority

Transcription

1 Presented by: ROBERTO V. GARCIA Chairman and Administrator Subic Bay Metropolitan Authority

2 HOW DID SBMA PERFORM IN 2013?

3 I. Investment Promotion Performance Substantial increase of 800 % in approved investments, from PHP3 billion in 2012 to PHP27 billion in 2013 KPI Increase Total Committed Investments PHP3 B PHP27 B 800% Cumulative Investments ( ) Projected Employment from New Projects US$8.8 B US$9.4 B 2,597 4,402 7% 70% 3

4 Investment Promotion Performance Rank Top New Investments Company Committed Investments (in PHP) 1 Resom Resort 21,370,000,000 2 PTT Philippines Trading Corporation 1,900,000,000 3 FFC Subic Seafoods Corporation 848,924,000 4 Johanna-Subic Seafood Corporation 795,574,432 5 Glowbal Outlets Philippines, Inc. 212,231,000 6 Simon & Stanley Int l. Trading & Dev t. Co., Inc. 215,626,696 7 APG Int l. Aviation Academy, Inc 135,466,580 8 Alpha Primero Services Manufacturing, Inc. 84,680,169 9 Associated Freight Consolidators 83,131, Platinum Skies Aviation, Inc. 80,000,000 OTHERS 1,274,657,078 GRAND TOTAL PHP27,000, * Based on BSP average FOREX rate of PHP for

5 Investment Promotion Performance Full implementation of CUSA policy, allowing for cost recovery and sustained maintenance of quality municipal services Full implementation of increased admission fees for second-hand trucks and heavy equipment, allowing for cost recovery and sustained maintenance of quality port services Two (2) MOAs with the DOST Information Communication Technology Office for the development of National Government Data Center 3 in Subic Bay, which will vastly improve the attractiveness of the Freeport to IT and BPO oriented businesses Use it or lose it land use policy. Repossession of 60 hectares from defaulting/non-paying locators and residents for offering to other capable parties 5

6 Investment Promotion Performance Issuance of Board Resolution, fully supporting the construction and development of Redondo Peninsula Energy, Inc. s 600 MW coal-fired power plant project to provide reliable and affordable power in the Freeport and the rest of Luzon Final arrangements with PEZA and DBM for continued subsidy of Hanjin power rates, as committed by the national government; and SBMA Board approval and execution of addendum to Hanjin lease agreement 6

7 Investment Promotion Performance ADDITIONAL AREAS FOR DEVELOPMENT Territorial expansion by 10,000 hectares in San Antonio, Zambales, ideal for tourism and resort development, in cooperation with the Municipality Territorial expansion by 650 hectares of various properties of coastal land in Subic, Zambales, ideal for shipbuilding and ship repair, in cooperation with the Municipality 7

8 II. It s More Fun~tastic in SUBIC! TOURISM TRAFFIC Year Vehicle Count Via SCTEX Estimated Visitor Arrivals Tourist Arrivals ,201,289 4,805,156 1,252, ,300,562 5,202,248 1,283,804 Increase 8% 8% 3% 8

9 It s More Fun~tastic in SUBIC! EVENTS SPORTS Increase No. of Events % No. of Participants 19,327 43, % MICE & NON- SPORTS Variance No. of Events (16%) No. of Participants 110, ,994 4% 9

10 It s More Fun~tastic in SUBIC! TOP 10 MAJOR TOURISM EVENTS 1) 8 th Edition Subic International Marathon (January) 2) Subic Bay to Boracay Race (February) 3) TRAP - Tri United Leg 1 (March) 4) TRAP - International Triathlon (April) 5) Philippine Councilors League National Convention (May) 6) Century Tuna 5i50 Triathlon / Philippine Institute of Civil Engineers National Convention (June) 7) Couples for Christ (CFC) Singles Congress (July) 8) CFC-ANCOP Global Walk (August) 9) Arrival of MS Hanseatic Cruise Liner (October) 10) TRAP National Duathlon Championships (December) 10

11 III. Becoming a Major Logistics Hub for Asia PORT OPERATIONS KPI Increase Gross Registered Tonnage (GRT) 23,902,552 33,591, % No. of Ship Calls 2,003 2, % Containerized Cargo (in TEUs) Noncontainerized Cargo (in MTs) 36,304 37,460 2,214,704 2,404, % 8.6% 11

12 Becoming a Major Logistics Hub for Asia SEAPORT REVENUE (in PHP) Actual 2012 Actual 2013 Increase Target 2013 % Achieved 402,444, ,544,703 56% 483,756, % Vessel Charges 34.0% Processing Fees & Other Charges 1.5% REVENUE SOURCES SBMA Shares 11.5% Cargo Charges 24.3% Lease/Rental 28.6% 12

13 Becoming a Major Logistics Hub for Asia EXPORTS Export FOB Value (in US$) SBF Locator Exports Port Users Non-SBF Exports Port Users Variance 1.91 B 1.34 B 0.01 B 0.08 B 30% 998% TOTAL 1.92 B 1.42 B 26% 13

14 Becoming a Major Logistics Hub for Asia AIRPORT REVENUE (in PHP) Source Variance Royalty & Airport Fees 5,973,909 4,897,712 18% Lease 30,560,894 49,941,162 63% TOTAL 36,534,803 54,838,875 50% 14

15 IV. Contributing to the National and Local Economy Tax Cash Collections / Job Generation KPI Increase BIR P1,278M P1,392M 8.9% BOC P6,329M P10,840M 71% Manpower 89,104 89, % 15

16 Contributing to the National and Local Economy NATIONAL GOVERNMENT AND LGU SHARES Allocation from 5% Corp. Tax Increase National PHP187 M PHP211 M 13% LGUs 139 M 156 M 12% TOTAL 326 M 367 M 12% DINALUPIHAN 19 M OLONGAPO CITY 39 M HERMOSA 16 M MORONG 14 M SUBIC 23 M SAN ANTONIO 14 M SAN MARCELINO 18 M CASTILLEJOS 13 M 16

17 V. Making the Freeport More Safe & Secure No further incidents of rice smuggling Refurbishing of two (2) harbor police boats for increased patrols to combat illegal fishing and shipwreck looting in Subic Bay / Completed and turned over to Agency in October 2013 Procurement and purchase through DBM Procurement Service of eight (8) brand new service vehicles for the Law Enforcement Department to augment security efforts in the Freeport Considerable decrease in crime rates from 47 incidents in 2012 to 38 incidents in 2013, or a 19% drop in crime rate, including zero Bukas Kotse incident 17

18 VI. Protecting Our Environment Full implementation of No Plastic Policy 90% completion of final Programmatic ECC Study No further incidents of waste dumping Holding of Water Summit to assure adequate clean water in the medium term Coordination with City of Olongapo in making studies and representations with the DPWH to dredge the Kalaklan river to minimize the disastrous flood that now regularly plague the city Co-sponsorship of Annual Earth beach cleanup and Kalaklan River cleanup together with the City of Olongapo 18

19 VII. Enhancing Good Governance Awarding of ISO 9001:2008 certification for the development of quality management systems Signing of Integrity Pledge for the commitment to ethical business practices and good corporate governance Over P10M in donations raised in SBFZ for victims of Typhoon Yolanda / Dispatch of rescue teams to Tacloban to assist in search and rescue efforts Awarding of 2013 Gawad Kalasag Best Government Emergency Response Management Team to SBMA rescue teams, making the Agency a two-time winner of such award NBI investigation of the failed 2008 RFID project / Results expected in the first quarter of 2014 Signing of IRR with the Pastolan Aetas and the National Commission for Indigenous Peoples, thus paving the way for the full implementation of the Joint Management Agreement 19

20 2013 Financial Performance ANOTHER RECORD-BREAKING YEAR

21 SBMA GROSS REVENUES 2013 is HIGHEST ever. Billions %

22 SBMA OPEX Operating costs kept under control for the past 2 years. Billions %

23 Millions SBMA OPERATING INCOME (EBITDA) 2013 is HIGHEST ever. 1,200 1, %

24 SBMA NET INCOME 2013 is HIGHEST ever. Millions 1, , ,079 35% (500.00) (185) (73) (35) (82) (106) (102) (138) (233) (417) (1,000.00) (1,500.00) (928) (1,203) (1,119) (2,000.00) (2,500.00) (2,540) (3,000.00) 24

25 SBMA LONG-TERM DEBT Long-term debt decreased by over 17% in 2 years time. Billions PHP PHP PHP % PHP PHP 6.00 PHP 4.00 PHP 2.00 PHP

26 SBMA CASH POSITION Cash position improved by over 92% in 2 years time Billions PHP PHP PHP % PHP PHP PHP PHP PHP 0.20 PHP

27 2014 Development Plans and Projects

28 What will be the business environment in 2014? The world economy is showing signs of recovery, especially in U.S., Europe and Japan. The Philippine economy is expected to maintain its robust GDP growth at around 7%. *The Philippines for the first time placed second only to China in GDP growth for the whole Asian region. Subic Bay Freeport and other investment areas expect to see continued investor interest in putting up new projects. More U.S. military forces will visit the Freeport as part of the implementation of Obama s Asia pivot. 28

29 2014 Major Programs Substantially increase capital expenditures from PHP9 million in 2013 to PHP620 million this year. CAPEX Land and Land Improvements Actual 2013 (in Peso Thousands) Proposed 2014 % Increase 1,524 90,004 5,804 Buildings & Structures 480 2, IT Equipment ,961 1,054,714 Equipment Outlays 7, ,418 5,510 TOTAL 9, ,000 6,766% 29

30 2014 Major Programs Target PhP23 billion in new investments Focus on creating new jobs to achieve inclusive growth Aggressively pursue utilization of new container port to decongest Manila ports and vehicular traffic Attract more tourists and visitors to the Freeport by launching a creative tourism campaign and hosting more events 30

31 2014 Major Programs Implement major reorganization that can more effectively achieve the Agency s strategic initiatives Deliver better service to locators and residents by simplifying business processes such as the new CRTE automatic renewal Improve the status of the Agency s employees by implementing the long delayed salary increases Intensify the Agency s Good Governance Program 31

32 LET US GET BACK TO WORK, AND, BY FULLFILLING OUR INDIVIDUAL TASKS, LIKEWISE FULFILL OUR SHARED ASPIRATIONS AS ONE COUNTRY. H.E. BENIGNO S. AQUINO III 32

33 ASK NOT WHAT SBMA CAN DO FOR YOU BUT WHAT YOU CAN DO TO MAKE THIS FREEPORT A BETTER PLACE FOR ALL. Adapted from John F. Kennedy

34 MEDIA ADVISORY TO SECURE A SOFT COPY OF SBMA CHAIRMAN ROBERTO V. GARCIA'S 2013 STATE OF THE FREEPORT ADDRESS, PLEASE BRING YOUR FLASH DRIVE TO THE PUBLIC RELATIONS OFFICE, BLDG. 255, BARRYMAN ROAD OR CALL (047) / YOU MAY ALSO DOWNLOAD IT FROM THANK YOU.