Transcript Slide 1


Presented by:
ROBERTO V. GARCIA
Chairman and Administrator
Subic Bay Metropolitan Authority
HOW DID SBMA PERFORM
IN 2013?
I. Investment Promotion Performance
Substantial increase of 800 % in approved investments,
from PHP3 billion in 2012 to PHP27 billion in 2013
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KPI
2012
2013
Increase
Total
Committed
Investments
PHP3 B
PHP27 B
800%
Cumulative
Investments
(1992-2012)
US$8.8 B
US$9.4 B
7%
Projected
Employment
from New
Projects
2,597
4,402
70%
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Investment Promotion Performance
Top New Investments
Rank
Committed Investments
(in PHP)
Company
1
2
3
4
5
Resom Resort
PTT Philippines Trading Corporation
FFC Subic Seafoods Corporation
Johanna-Subic Seafood Corporation
Glowbal Outlets Philippines, Inc.
21,370,000,000
1,900,000,000
848,924,000
795,574,432
212,231,000
6
Simon & Stanley Int’l. Trading & Dev’t. Co., Inc.
7
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9
10
APG Int’l. Aviation Academy, Inc
Alpha Primero Services Manufacturing, Inc.
Associated Freight Consolidators
Platinum Skies Aviation, Inc.
OTHERS
215,626,696
135,466,580
84,680,169
83,131,539
80,000,000
1,274,657,078
GRAND TOTAL
PHP27,000,291.494
* Based on BSP average FOREX rate of PHP42.4462 for 2013
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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
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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
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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
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II. It’s More Fun~tastic in SUBIC!
TOURISM TRAFFIC
Via SCTEX
Year
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Tourist
Arrivals
Vehicle Count
Estimated
Visitor
Arrivals
2012
1,201,289
4,805,156
1,252,217
2013
1,300,562
5,202,248
1,283,804
Increase
8%
8%
3%
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It’s More Fun~tastic in SUBIC!
EVENTS
SPORTS
2012
2013
Increase
53
56
6%
19,327
43,215
124%
2012
2013
Variance
230
194
(16%)
110,015
113,994
4%
No. of Events
No. of Participants
MICE & NONSPORTS
No. of Events
No. of Participants
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It’s More Fun~tastic in SUBIC!
TOP 10 MAJOR TOURISM EVENTS
1)
8th 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- 2013 National Duathlon Championships
(December)
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III. Becoming a Major Logistics Hub for Asia
PORT OPERATIONS
KPI
2012
2013
Increase
Gross
Registered
Tonnage (GRT)
23,902,552
33,591,875
40.5%
No. of Ship
Calls
2,003
2,177
8.7%
Containerized
Cargo (in TEUs)
36,304
37,460
3.2%
2,214,704
2,404,649
8.6%
Noncontainerized
Cargo (in MTs)
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Becoming a Major Logistics Hub for Asia
SEAPORT REVENUE (in PHP)
Actual
2012
Actual
2013
Increase
Target
2013
%
Achieved
402,444,994
626,544,703
56%
483,756,478
130%
Processing Fees &
Other Charges
1.5%
SBMA Shares
11.5%
Vessel Charges
34.0%
Cargo Charges
24.3%
REVENUE SOURCES
Lease/Rental
28.6%
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Becoming a Major Logistics Hub for Asia
EXPORTS
Export FOB
Value (in US$)
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2013
Variance
SBF Locator
Exports Port
Users
1.91 B
1.34 B
30%
Non-SBF
Exports Port
Users
0.01 B
0.08 B
TOTAL
1.92 B
1.42 B
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998%
26%
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Becoming a Major Logistics Hub for Asia
AIRPORT REVENUE (in PHP)
Source
2012
2013
Variance
5,973,909
4,897,712
18%
Lease
30,560,894
49,941,162
63%
TOTAL
36,534,803
54,838,875
50%
Royalty &
Airport Fees
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IV. Contributing to the National and Local Economy
Tax Cash Collections / Job Generation
KPI
2012
2013
Increase
BIR
P1,278M
P1,392M
8.9%
BOC
P6,329M
P10,840M
71%
89,104
89,584
0.5%
Manpower
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Contributing to the National and Local Economy
NATIONAL GOVERNMENT AND LGU SHARES
Allocation from
5% Corp. Tax
2012
2013
Increase
PHP187 M
PHP211 M
13%
LGUs
139 M
156 M
12%
TOTAL
326 M
367 M
12%
National
DINALUPIHAN
19 M
OLONGAPO CITY
39 M
HERMOSA
16 M
SUBIC
23 M
MORONG
14 M
SAN ANTONIO
14 M
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CASTILLEJOS
13 M
SAN MARCELINO
18 M
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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
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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
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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
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2013 Financial Performance
ANOTHER RECORD-BREAKING YEAR
SBMA GROSS REVENUES
Billions
2013 is HIGHEST ever.
2.50
↑
2.09
27%
2.00
1.67
1.60
1.56 1.54
1.50
1.41
1.57
1.50
1.65
1.57
1.47
1.42 1.40
1.40
1.34
1.31
1.18
1.00
0.80
0.61
0.50
0.42
0.20
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
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SBMA OPEX
Billions
Operating costs kept under control for the past 2 years.
1.40
1.27
1.26
1.23 1.22
1.20
1.06
1.09
↑
1.10
1.06 1.07
10%
1.00
1.00
0.80
0.76
0.76 0.75
0.69
0.66
0.59
0.60
0.54
0.44
0.40
0.28
0.24
0.20
0.16
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
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Millions
SBMA OPERATING INCOME (EBITDA)
2013 is HIGHEST ever.
1,200
↑
992
1,000
52%
869
779
800
795
750
653
652
589
600
550
475
435
406
400
338
361
367
359
341
329
240
183
200
39
0
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
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SBMA NET INCOME
2013 is HIGHEST ever.
Millions
1,500.00
↑
1,079
35%
1,000.00
800
500.00
245
2
135 170
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1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
(102)
(106)
(185) (73) (35) (82)
(233)
(138)
(500.00)
(417)
(1,000.00)
(928)
(1,119)
(1,203)
(1,500.00)
(2,000.00)
(2,500.00)
(2,540)
(3,000.00)
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SBMA LONG-TERM DEBT
Billions
Long-term debt decreased by over 17% in 2 years’ time.
PHP 14.00
12.45 12.55 12.44
PHP 12.00
10.92
10.81
↓
10.31
6%
PHP 10.00
7.74 7.86
PHP 8.00
7.19 7.20
6.65
PHP 6.00
PHP 4.00
PHP 2.00
1.23
PHP 0.00
0.00
0.30
0.89 0.90 0.81 0.80 0.82
0.56 0.72
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
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SBMA CASH POSITION
Billions
Cash position improved by over 92% in 2 years’ time
PHP 1.60
1.48
PHP 1.40
1.36
1.27
1.26
1.25
1.15
PHP 1.20
↑
1.15
92%
1.04
1.03
0.99
PHP 1.00
0.88
0.84
PHP 0.80
0.75
0.72
0.73
0.67
0.58 0.60
PHP 0.60
0.47
0.37
PHP 0.40
0.27
PHP 0.20
PHP 0.00
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
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2014 Development Plans
and Projects
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”.
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2014 Major Programs
Substantially increase capital expenditures from PHP9 million in 2013 to
PHP620 million this year.
Actual
2013
CAPEX
Proposed
2014
% Increase
(in Peso Thousands)
Land and Land
Improvements
1,524
90,004
5,804
480
2,616
445
13
133,961
1,054,714
7,013
393,418
5,510
9,030
620,000
6,766%
Buildings & Structures
IT Equipment
Equipment Outlays
TOTAL
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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
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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
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“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
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“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
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) 252.4368 / 252.4338.
YOU MAY ALSO DOWNLOAD IT FROM
www.mysubicbay.com.ph
THANK YOU.