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

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Presentation on theme: "Presented by: ROBERTO V. GARCIA Chairman and Administrator Subic Bay Metropolitan Authority."— Presentation transcript:

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

2 HOW DID SBMA PERFORM IN 2013?

3 Substantial increase of 800 % in approved investments, from PHP3 billion in 2012 to PHP27 billion in 2013 3 SUBIC BAY METROPOLITAN AUTHORITY I. Investment Promotion PerformanceKPI20122013Increase Total Committed Investments PHP3 B PHP27 B Cumulative Investments (1992-2012) US$8.8 B US$9.4 B Projected Employment from New Projects 2,5974,402 800%800% 7%7% 70%70%

4 Investment Promotion Performance Top New Investments 4 SUBIC BAY METROPOLITAN AUTHORITY RankCompany Committed Investments (in PHP) 1 Resom Resort21,370,000,000 2 PTT Philippines Trading Corporation1,900,000,000 3 FFC Subic Seafoods Corporation848,924,000 4 Johanna-Subic Seafood Corporation795,574,432 5 Glowbal Outlets Philippines, Inc.212,231,000 6 Simon & Stanley Intl. Trading & Devt. Co., Inc.215,626,696 7 APG Intl. Aviation Academy, Inc135,466,580 8 Alpha Primero Services Manufacturing, Inc.84,680,169 9 Associated Freight Consolidators83,131,539 10 Platinum Skies Aviation, Inc.80,000,000 OTHERS1,274,657,078 GRAND TOTAL PHP27,000,291.494 * Based on BSP average FOREX rate of PHP42.4462 for 2013

5 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 SUBIC BAY METROPOLITAN AUTHORITY Investment Promotion Performance

6 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 SUBIC BAY METROPOLITAN AUTHORITY Investment Promotion Performance

7 7 SUBIC BAY METROPOLITAN AUTHORITY 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

8 II. Its More Fun~tastic in SUBIC! TOURISM TRAFFIC SUBIC BAY METROPOLITAN AUTHORITY 8 Year Via SCTEX Tourist Arrivals Vehicle Count Estimated Visitor Arrivals 20121,201,2894,805,1561,252,217 20131,300,5625,202,2481,283,804 Increase 8% 3% 8%

9 Its More Fun~tastic in SUBIC! EVENTS SUBIC BAY METROPOLITAN AUTHORITY 9 MICE & NON- SPORTS 20122013 Variance No. of Events 230 194(16%) No. of Participants 110,015 113,9944% SPORTS20122013 Increase No. of Events 53 566% No. of Participants 19,327 43,215124%

10 Its 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- 2013 National Duathlon Championships (December) 10 SUBIC BAY METROPOLITAN AUTHORITY

11 III. Becoming a Major Logistics Hub for Asia PORT OPERATIONS 11 SUBIC BAY METROPOLITAN AUTHORITY KPI20122013Increase Gross Registered Tonnage (GRT) 23,902,552 33,591,875 No. of Ship Calls 2,003 2,177 Containerized Cargo (in TEUs) 36,304 37,460 Non- containerized Cargo (in MTs) 2,214,704 2,404,649 8.6% 3.2% 8.7% 40.5%

12 Becoming a Major Logistics Hub for Asia SEAPORT REVENUE (in PHP) 12 SUBIC BAY METROPOLITAN AUTHORITY Actual 2012 Actual 2013 Increase Target 2013 % Achieved 402,444,994 626,544,70356%483,756,478130%

13 Becoming a Major Logistics Hub for Asia EXPORTS 13 SUBIC BAY METROPOLITAN AUTHORITY Export FOB Value (in US$) 20122013Variance SBF Locator Exports Port Users 1.91 B 1.34 B Non-SBF Exports Port Users 0.01 B 0.08 B TOTAL 1.92 B 1.42 B 998% 30% 26%

14 Becoming a Major Logistics Hub for Asia AIRPORT REVENUE (in PHP) 14 SUBIC BAY METROPOLITAN AUTHORITY Source20122013Variance Royalty & Airport Fees 5,973,9094,897,712 Lease30,560,89449,941,162 TOTAL36,534,80354,838,875 63% 18% 50%

15 IV. Contributing to the National and Local Economy Tax Cash Collections / Job Generation 15 SUBIC BAY METROPOLITAN AUTHORITY KPI20122013Increase BIR P1,278M P1,392M BOC P6,329M P10,840M Manpower 89,104 89,584 71% 8.9% 0.5%

16 Contributing to the National and Local Economy NATIONAL GOVERNMENT AND LGU SHARES 16 SUBIC BAY METROPOLITAN AUTHORITY Allocation from 5% Corp. Tax 20122013Increase National National PHP187 M PHP187 M PHP211 M LGUs LGUs 139 M 156 M TOTAL 326 M 367 M 13% 12%

17 V. Making the Freeport More Safe & Secure 17 SUBIC BAY METROPOLITAN AUTHORITY 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

18 VI. Protecting Our Environment 18 SUBIC BAY METROPOLITAN AUTHORITY 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

19 VII. Enhancing Good Governance 19 SUBIC BAY METROPOLITAN AUTHORITY 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

20 2013 Financial Performance ANOTHER RECORD-BREAKING YEAR

21 27 % SBMA GROSS REVENUES 2013 is HIGHEST ever. 21 SUBIC BAY METROPOLITAN AUTHORITY

22 SBMA OPEX Operating costs kept under control for the past 2 years. 22 SUBIC BAY METROPOLITAN AUTHORITY 10 %

23 SBMA OPERATING INCOME (EBITDA) 2013 is HIGHEST ever. 23 SUBIC BAY METROPOLITAN AUTHORITY 52 %

24 SBMA NET INCOME 2013 is HIGHEST ever. 24 SUBIC BAY METROPOLITAN AUTHORITY 35 %

25 SBMA LONG-TERM DEBT Long-term debt decreased by over 17% in 2 years time. 25 SUBIC BAY METROPOLITAN AUTHORITY 6 %

26 SBMA CASH POSITION Cash position improved by over 92% in 2 years time 26 SUBIC BAY METROPOLITAN AUTHORITY 92 %

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%. 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 Obamas Asia pivot. 28 SUBIC BAY METROPOLITAN AUTHORITY *The Philippines for the first time placed second only to China in GDP growth for the whole Asian region.

29 Substantially increase capital expenditures from PHP9 million in 2013 to PHP620 million this year. 29 SUBIC BAY METROPOLITAN AUTHORITY 2014 Major Programs CAPEX Actual 2013 Proposed 2014 % Increase (in Peso Thousands) Land and Land Improvements 1,524 90,0045,804 Buildings & Structures480 2,616445 IT Equipment13 133,9611,054,714 Equipment Outlays7,013 393,4185,510 TOTAL9,030620,0006,766%

30 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 SUBIC BAY METROPOLITAN AUTHORITY 2014 Major Programs

31 Implement major reorganization that can more effectively achieve the Agencys 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 Agencys employees by implementing the long delayed salary increases Intensify the Agencys Good Governance Program 31 SUBIC BAY METROPOLITAN AUTHORITY 2014 Major Programs

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 SUBIC BAY METROPOLITAN AUTHORITY

33 Adapted from John F. Kennedy

34 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. MEDIA ADVISORY


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