ROBERTO V. GARCIA

March 16, 2016
Presented by
ROBERTO V. GARCIA
Chairman and Administrator, Subic Bay Metropolitan Authority
The Philippine
Economy in 2015
THE GOOD NEWS
“The Philippines is one of the fastest-growing economies in
the region — thanks in no small part to the competitiveness
of its exports and its skilled labor force. Good governance,
openness and dynamism have combined to build a strong
economy here in the Philippines.”
Robert Azevedo, Dir. Gen- WTO
May 2015
3
Philippines is the world’s 2nd fastest growing economy!
Global Competitiveness
PH GDP Growth
2010
7.7%
2011
Country / Economy
BBB- (Positive)
3.7%
2012
6.8%
BBB (Stable)
2013
7.2%
2014
6.1%
Baa2 (Stable)
2015
5.8%
U
B
I
C
Singapore
2
2
Malaysia
18
20
Thailand
32
31
Indonesia
37
34
PHL
47
52
Vietnam
56
68
Lao PDR
83
93
Cambodia
90
95
Myanmar
131
134
Source: 2015 World Economic Forum
Source: www.gov.ph
S
2015
2014
(out of 140) (out of 144)
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
4
Foreign investors shows continued confidence
2014
US$ 6.2 B
2013
US$ 3.8 B
2015
US$ 5.7 B
2012
US$ 3.2 B
2011
US$ 2.0 B
2010
US$ 1.1 B
Source:
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
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I
T
Y
5
WHERE ARE WE NOW?
Key Performance Indicators
Revenues - All Strategic Business Units
MARITIME AND LOGISTICS LEAD 2015 GROWTH
FPI
2014
2015
Increase
Maritime &
Logistics
PHP 1,307 M
PHP 1,588 M
21%
Industrial &
Commercial
Leases
1,115 M
1,147 M
3%
19.6 M
20.0 M
2%
2,442 M
2,755 M
Tourism
Total Operating
Revenues
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
13%
T
H
O
R
I
T
Y
7
Maritime and Logistics Strategic Business Unit
PORT OPERATIONS LEADS 2015 GROWTH
Classification
2014
2015
Increase
Actual Port
Revenues
PHP 884 M
PHP 1.08 B
22%
Containerized Cargo
(in TEUs)
77,177
123,510
60%
Non-containerized
Cargo (in MTs)
6,112,644
7,568,005
24%
No. of Ship Calls
2,591
3,353
29%
Gross Registered
Tonnage
40,147,025
54,381,189
13%
S
U
B
I
C
B
A
Y
M
E
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R
O
P
O
L
I
T
A
N
A
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H
O
R
I
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Y
8
One-Stop Shop Center at NCT 1 opens
(BOC-SBMA-SBITC)
 Inaugurated
on April 24, 2015
by Cabinet Secretary
Jose Rene Almendras
S
U
B
I
C
B
A
Y
M
E
T
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O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
9
Maritime and Logistics Strategic Business Unit
AIRPORT REVENUES AND LEASES SURGE
Classification
2014
2015
Variance
Airport Revenues
PHP 36.2 M
PHP 75.9M
121%
Hangar Lease
PHP 28 M
PHP 70 M
150%
Royalty Income
PHP 0.24 M
PHP 0.30 M
23%
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
10
Other Airport and Seaport Developments in 2015
 Increase in number of shipping lines calling regularly at the Port of Subic
from four (4) in 2014 to seven (7) in 2015
 Successful hosting of the Second Maritime Exhibit and Conference
 More than 500 shippers and shipping line operators , including shipping and
logistics executives from South Africa, Australia, Singapore, Malaysia, and
Japan
 Approval of MOA between DND-AFP and SBMA for the utilization of some
airport and seaport facilities, thus strengthening the Freeport’s role in the
national security strategy
 Astro Air’s chartered flights, bringing Taiwanese tourists to Subic
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
11
2015 Port Marketing Initiatives
 Marketing presentation to the 8th Philippine Ports and Shipping Assembly at the
Intercontinental Hotel of Manila
 Participation in the 17th General Assembly of the International Network of
Affiliated Ports (INAP) held at to the New Port of Mokpo, South Korea
 Marketing presentation to the Philippine International Seafreight Forwarders
Association, Inc., announcing the one-day accreditation process for freight
forwarders, truckers, brokers, and processors
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
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I
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A
N
A
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Y
12
Industrial and Commercial Leases Strategic Business Unit
APPROVED COMMITTED INVESTMENTS EXPAND
S
KPI
2014
2015
Total Approved
Committed
Investments
PHP 18.5 B
PHP 22.8
Cumulative
Investments
(1992-2015)
US$ 9.1 B
US$10 B
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
INCREASE
23%
10%
A
U
T
H
O
R
I
T
Y
13
Hanjin Performance
Philippines is now the 4th largest shipbuilder in the world
TOTAL INVESTMENT
EXPORT VALUE
Classification
US$ 2 Billion
No.
Amount
Vessel
91
US$4.84B
Steel Structure
10
US$0.09B
37% INCREASE IN DIRECT AND INDIRECT EMPLOYMENT IN SUBIC SHIPYARD
30,000 −
25,000 −
33,863
20,000 −
24,652
15,000 −
20,005
20,113
19,845
18,167
10,000 −
2011
2010
2012
2013
2014
December
2015
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
14
Job Generation Per SBF Industry Sector
4,693 ADDITIONAL JOBS CREATED IN 2015
Sector
2014
2015
Services
45,342
48,396
Shipbuilding &
Marine-related
33,109
35,501
Manufacturing
15,076
14,533
3,431
3,221
96,958
101,651
Others
TOTAL
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
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T
H
O
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Y
15
Major Developments in Industrial and Commercial Leases
 Start-up
of Singapore-based Interflour Group
(Interflour), with a committed investment of US$30
million at Subic Bay Gateway Park Phase II
 Takeover and awarding of 85-hectare Subic Bay Golf
Course for re-development and development of
retirement village
 Start-up of Jobin Inc.’s 800-hectare 150-MW solar
and wind energy project, the largest in Southeast Asia
 Approved New Manufacturing Projects
 Tesuphils Inc., a Korean manufacturer of construction
materials with a committed investment of US$6 million
 Datian Subic Shoes Inc., a Taiwanese manufacturing
of vulcanized shoes with a committed investment of
US$10 million
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
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I
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Y
16
Resurgence of Manufacturing Industry in SBF
Harbor Star Subic Corporation
 Marine-related ancillary services
 Proposed Investment Commitment: US$4.56 M
Ropali-Teco Corporation
 Manufacturing / assembly of electric vehicles
 Proposed Investment Commitment: US$1.2 M
Subic Superfood Inc.
 Processing of local pili nuts and Himalayan salt
 Proposed Investment Commitment: US$920 K
Nanofixit Ventures Inc.
 Rebottling and packaging of liquid screen protector
 Proposed Investment Commitment: US$5.325 M
Datian Subic Shoes Inc.
 Manufacturing & export of vulcanized shoes
 Proposed Investment Commitment: US$10 M
S
U
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I
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B
A
Y
M
E
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R
O
P
O
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I
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A
N
A
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H
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Y
17
2015 Mabuhay Business Awards
“These locators have breathed life into the local economy. They have transformed vacant
parcels of land into busy commercial establishments and factories – a target range into a
leading shipbuilding facility in the world; and a marsh land into a hi-tech manufacturing facility
producing high value electronic components used by global brands.”
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18
2015 Mabuhay Business Awards
LIST OF AWARDEES
(In alphabetical order)
 Anglo Asia Commodities Corporation
 Royal Duty Free Shops, Inc.
 HHIC-Phil, Inc.
 Sanyo Denki
 Honeywell Ceasa (Subic Bay) Company,
Inc.
 S-Corp Philippines, Inc.
 Subic Bay Freeport Grain Terminal
Services, Inc.
 Moon Kkang Talk, Inc.
 Petron Freeport Corporation
 Subic Bay International Terminal
Corporation
 PLDT Subic Telecom, Inc.
 Subic Bay Town Center, Inc.
 Philippine Coastal Storage and Pipeline
Corporation
S
U
B
I
C
B
A
Y
M
E
T
R
O
 Tong Lung Phils. Metal Industry Co., Inc.
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
19
Overseas Investment Promotion Initiatives
PARTICIPATION IN VARIOUS INVESTMENT PROMOTION ACTIVITIES
 12th China ASEAN Expo
 Outbound Mission to Taiwan, resulting in the immediate visits to Subic of a
delegation from Taichung and executives from steel company Yieh Phui
Enterprise Co., Ltd.
 Philippines Investment Promotion Plan (PIPP) Outbound Mission to Tokyo,
Japan
 Philippines-Taiwan Joint Economic Conference for possible MOU between
MECO and TECO
 APEC Senior Officials Meeting
 Outbound Mission to Seoul, Korea, spearheaded by the Department of Foreign
Affairs, resulting in planned visit of RESOM executives to the Freeport in June
2016
S
U
B
I
C
B
A
Y
M
E
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R
O
P
O
L
I
T
A
N
A
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H
O
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I
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Y
20
Tourism Strategic Business Unit
S
U
B
I
C
B
YEAR
VISITOR
ARRIVALS
2014
6,398,376
2015
7,729,484
INCREASE
14%
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
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Y
21
Tourism Traffic
YEAR
TOURIST ARRIVALS
HOTEL OCCUPANCY
RATE
2014
1,177,073
64%
2015
1,429,040
70%
INCREASE
S
U
B
I
C
B
A
21%
Y
M
E
T
R
O
9%
P
O
L
I
T
A
N
A
U
T
H
O
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I
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Y
22
MICE Events and Participant Count
MICE EVENTS
CLASSIFICATION
2014
INTERNATIONAL
10
15
LOCAL
268
TOTAL
278
S
U
B
I
C
B
A
Y
NO. OF PARTICIPANTS
2015 VARIANCE
M
2014
2015
VARIANCE
50%
26,050
18,320
-30%
275
3%
219,795
231,297
5%
290
4%
245,845
249,617
2%
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
23
Sports Events and Participant Count
SPORTS EVENTS
NO. OF PARTICIPANTS
CLASSIFICATION
2014
2015
VARIANCE
2014
2015
VARIANCE
INTERNATIONAL
17
28
65%
21,870
23,705
8%
LOCAL
59
54
-8%
21,830
37,765
73%
TOTAL
76
82
8%
43,700
61,470
41%
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
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I
T
Y
24
Total Events and Participant Count
TOTAL EVENTS
NO. OF PARTICIPANTS
CLASSIFICATION
2014
2015
VARIANCE
2014
2015
VARIANCE
INTERNATIONAL
27
43
59%
47,920
42,025
-12%
LOCAL
327
329
1%
241,625 269,062
11%
TOTAL
354
372
5%
289,545 311,087
7%
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
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H
O
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I
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Y
25
2015 Major Events
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
R
I
T
Y
26
Other Tourism Promotion Initiatives
 PhP2.13 billion additional committed investment, or 119% higher than
2014
 1,167 projected additional jobs, or 148% higher than 2
 PHP21-million renovation of Subic Bay Exhibition and Convention
Center
 Production of 2016 Tourism calendars, promoting the Freeport as the
MICE Capital of Central Luzon, and as Theme Park, Triathlon, Sailing,
and Sports Capital of the Philippines
 Stronger tourism promotion thru existing official social media accounts
such as Facebook, Twitter, YouTube, and news blog (E.g. Total of 3,474
likes vs Clark’s 560 likes in FB, as of December 31, 2015)
S
U
B
I
C
B
A
Y
M
E
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R
O
P
O
L
I
T
A
N
A
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H
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I
T
Y
27
Other Tourism Promotion Initiatives
86,588TOTAL
FOOT
TRAFFIC
22,500TOTAL
FOOT
TRAFFIC
27,000TOTAL
FOOT
TRAFFIC
57,725TOTAL
FOOT
TRAFFIC
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
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H
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I
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Y
28
Hotel and Resort Accommodations
HOTEL OCCUPANCY RATE IMPROVES
TOTAL NO. OF OPERATIONAL HOTELS / RESORTS
HOTEL OCCUPANCY
90%
80%
CY 2014
40
CY 2015
44
10%
GROWTH RATE
70%
9%
60%
TOTAL ROOM ACCOMMODATIONS
50%
40%
CY 2014
2,964
CY 2015
3,219
9%
GROWTH RATE
30%
HOTEL OCCUPANCY
20%
10%
2014
S
U
B
I
C
2015
B
A
Y
M
E
T
R
O
P
O
CY 2014
64%
CY 2015
70%
2015 ANNUAL RATE
9%
L
I
T
A
N
A
U
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H
O
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Y
29
SBMA contribution to the National Economy
CONTINUOUS GROWTH IN SBMA CONTRIBUTION
KPI
2014
2015
Variance
BOC
PHP15.3B
PHP16.4B
7%
BIR
PHP1.79B
PHP1.73B
3%
PHP308M
PHP373M
21%
LGU share (2%)
PHP206M
PHP248M
21%
Dividends
PHP243M
PHP527M
117%
TOTAL
PHP17.8B
PHP19.3B
8%
Locator’s Income Tax
NG share (3%)
Locator’s Income Tax
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
I
T
A
N
A
U
T
H
O
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I
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Y
30
National Government and LGU Shares
BIGGER REMITTANCES FROM SBMA
Allocatio
n from 5%
Corp. Tax
2011
2012
2013
2014
2015
2015
vs
2014
(in Million Pesos)
National
PHP222
PHP205
PHP235
PHP308
PHP373
21%
LGUs
147
137
157
206
248
21%
TOTAL
PHP369
PHP342
PHP391
PHP515
PHP621
21%
(3%)
(2%)
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U
B
I
C
B
A
Y
M
E
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R
O
P
O
L
I
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A
N
A
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H
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Y
31
GOOD GOVERNANCE
Jobs and Exports
STEADY GROWTH IN EMPLOYMENT AND EXPORTS
KPI
2014
2015
Variance
Employment
96,958
101,651
4.8%
Export
US$ 2.3 B
US$ 2.5 B
8.7%
(FOB-US$)
S
U
B
I
C
B
A
Y
M
E
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O
P
O
L
I
T
A
N
A
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H
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Y
32
Good Governance Initiative
2007 - 2015 Comparative Crime Volume
DECREASING CRIME INCIDENTS
350
295
300
250
195
200
150
128
116
106
100
47
50
38
29
20
0
2007
S
U
B
I
2008
C
B
2009
A
Y
M
2010
E
T
R
2011
O
P
O
L
2012
I
T
A
2013
N
A
U
2014
T
H
O
2015
R
I
T
Y
33
Good Governance Initiatives
 10% salary increase retroactive two years / Increase in employee benefits / Upgrading of
141 COS to plantilla positions / Promotion of 225 employees / Pending SSL increase
 Signing of Integrity Pledge by the SBMA Board of Directors and employees
 Institutionalization of Integrity Pledge by requiring locators to sign it as pre-condition to
CRTE renewal
 Resolution of CUSA cases at the Regional Trial Court, Court of Appeals, and Supreme
Court in favor of SBMA
S
U
B
I
C
B
A
Y
M
E
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R
O
P
O
L
I
T
A
N
A
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T
H
O
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I
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Y
34
Where are we going? SUBIC 2020
2016 Strategic Directions
 Major focus on retirement/BPO/Maritime/new locators
 Creation of new industrial parks for foreign investors
 SSL approval and inclusion under new SSL program
 Sister Port MOUs with Taiwan,Virginia Beach and San Francisco
 Increased CAPEX, especially for transport equipment, roads, airport, etc.
 Continued work on new SBMA Corporate Center
 Institutionalization of good governance reforms
 Feasibility studies for expansion plans i.e. Tipo widening, new connector road to
SCTEX, and Container Terminal 3 and 4.
 Improved CUSA and ETAF collections
 Further reduction of red tape and improvement of customer service
S
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B
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N
A
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I
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Y
35
Environmental Protection
 Symposium on Climate Change Adaptation, SBMA Environmental Permitting &
Monitoring System, and conduct of 3 other environmental forums for Pollution
Control Officers of different SBF companies
 Establishment of mangrove nursery in Malawaan area and conduct of Assisted
Natural Regeneration activities in the Binictican mangrove
 Establishment of 4 satellite nurseries at the SBMA Reforestation Site
 Institutionalization of Subic Bay Arbor Day as an annual celebration which was
attended by almost 1,000 participants who planted 7,000 trees that day
 Drafting and signing of temporary agreements with Mabiga farmers to ensure the
smooth implementation of the Wind and Solar Energy Project
 Conduct of Public Hearing for the Water Classification of Subic Bay’s marine
waters for classification of our water body so we can better manage and protect
it from degradation and pollution as required by law.
 Participation in World Coastal Clean Up Day
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B
A
Y
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Y
36
Financial Performance
2015: ANOTHER CHART-BUSTER
YEAR
SBMA Gross Revenues
2015 IS HIGHEST EVER
3,000
2,755
2,442
2,500
13%↑
2,020
2,000
1,630
1,540 1,500 1,570
1,500
1,400
1,310
1,000
800
500
200
0
1993
S
U
B
I
1996
C
B
1999
A
Y
2002
M
E
2005
T
R
O
2008
P
O
L
2011
I
T
A
2012
N
A
2013
U
T
2014
H
O
R
2015
I
T
Y
38
2011-2015 SBMA GROSS REVENUES
Existing Revenues
New Revenues / Cost
Recovery Initiatives
3,000.00
941.66
846.67
2,500.00
544.9
2,000.00
184.02
1,500.00
60.61
1,000.00
1,338.16
1,443.35
1,475.06
2011
2012
2013
1,813.34
1,594.94
500.00
0.00
S
U
B
I
C
B
A
Y
M
E
T
R
O
P
O
L
2014
I
T
A
N
A
U
2015
T
H
O
R
I
T
Y
39
SBMA Operating Income (EBITDA)
2015 IS HIGHEST EVER
1,600
1,484
1,391
1,400
7%↑
1,200
1,000
920
779
800
627
550
600
435
361
400
359
329
2008
2011
200
39
0
1993
1996
1999
2002
2005
2012
2013
2014
2015
EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization
S
U
B
I
C
B
A
Y
M
E
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SBMA Net Income
NET INCOME WITHOUT
UNREALIZED
GAIN (LOSS) ON
FOREIGN EXCHANGE
NET INCOME WITH GAIN (LOSS)
ON FOREX REVALUATION
2000
1,200
1556
1500
1,016
1110
800
1000
500
1,000
797
805
135
26%↑
800
0
1993
-500
1996
-82
-185
-1000
1999
2002
-106
2005
-102
2008
2011
2012
2013
2014
2015
600
-1119
-1500
400
-2000
200
-2500
-2540
-3000
0
2014
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2015
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BENCHMARKING
Comparative Figures among Luzon Free Ports
WE ARE THE LARGEST AND MOST PROGRESSIVE FREE PORT
Particulars
SBMA
TOTAL ASSETS
28,089,039,000
5,722,137,240
5,475,883,000
1,502,943,911
97,193,218
REVENUES
2,754,650,000
1,303,999,000
492,963,000
823,966,671
66,259,000
TOTAL EQUITY
16,974,890,000
3,493,929,538
5,188,225,000
978,774,109
60,771,144
1,110,450,000
331,736,917
200,338,000
7,530,133
(4,278,035)
NET INCOME
(LOSS)
CDC
CEZA
AFAB
PPMC
Source: COMMISSION ON AUDIT
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Guest Arrival Market Share
REGIONAL DISTRIBUTION OF TRAVELERS
Region III Central Luzon
CLARK
SUBIC BAY
FREEPORT
ZONE
All Other
Region III
Provinces
Combined
Grand Total Guest Arrivals
1,001,980
1,463,480
1,130,637
Total Philippine Residents
512,659
1,395,300
874,612
Total Non-Philippine Residents
489,321
37,153
256,025
CLASSIFICATION
Total Overseas Filipinos
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31,027 Source: Department- Of Tourism
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Still the top tourist destination in Central Luzon
TOP CENTRAL LUZON DESTINATION
FOR TWO (2) CONSECUTIVE YEARS
Highest number of regional travelers - both local and foreign - based on reports submitted by
accommodation establishments in all the seven (7) provinces and two (2) special economic
zones in Central Luzon
NO. 7 FRIENDLY DESTINATION
IN THE PHILIPPINES
SOURCE: www.visitmyphilippines.com – The Ultimate Travel Guide for Tourists, August 12, 2015
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Increased interest in Subic Bay Freeport as a destination
SUBIC
AMONG GOOGLE PH’S
2015 MOST SEARCHED
DESTINATIONS
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Subic Bay Freeport: The Best in Asia and the Philippines
SBMA’S FIRST INTERNATIONAL
RECOGNITION AND GLOBAL
AWARDS
fDi Magazine is a publication of Financial Times of London
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2016 and Beyond
What We Face in 2016
THREATS
 Heightened political activities due to 2016 National and Local Elections
 ISIS threat in Southeast Asia, including Philippines
 This year’s El Niño, which is expected to bring devastating weather
disturbances similar to those in 1997, when PH suffered from 11 super
typhoons and several storms that caused almost US$5 billion worth of
damages
 Political instability, affecting FDI climate
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What We Face in 2016
OPPORTUNITIES
 PH among the top three countries in business optimism in 2016, as
showed in global survey by Grant Thornton’s International Business
Report
 Continued exit of investors from China, marking the entry of the
Philippines as the next big investment hub in Asia
 Continued interest of PH in joining the Trans-Pacific Partnership (TPP)
to lower or eliminate trade restriction
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What We Face in 2016
OPPORTUNITIES
 Strong prospect of ASEAN countries to attract higher levels of FDI flows
given the strong economic fundamentals, resilient economies, and
growing affluence of consumers in the region
 Growing labor force with median age of 23 will result in demographic
dividend creating a huge talented labor pool for jobs and a huge
consumer market
 Big election spending, resulting in uptick in GDP growth
 Continued port congestion
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SBMA 5 YEAR STRATEGIC PLAN
Where are we going? SUBIC 2020
2016 Strategic Directions
 Major focus on retirement/BPO/Maritime/new locators
 Creation of new industrial parks for foreign investors
 Sister Port MOUs with Taiwan,Virginia Beach and San Francisco
 Increased CAPEX, especially for transport equipment, roads, airport, etc.
 Continued work on new SBMA Corporate Center
 Institutionalization of good governance reforms
 Feasibility studies for expansion plans i.e. Tipo widening, new connector road to
SCTEX, and Container Terminal 3 and 4.
 Improved CUSA and ETAF collections
 SSL approval and inclusion under new SSL program
 Further reduction of red tape and improvement of customer service
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Industrial and Commercial Leases Strategic Business Unit
2016 TARGETS
1. Implementation of the Golf Course LDA

Minimum Committed Investment: US$30 million

Projected revenues: US$375,000 per annum plus 5% SBMA gross revenue share

Approximately 2,000 additional foreign retiree residents
2. Approval and award of the former Legenda Hotel facility compound to
a BPO Gaming developer

Minimum Committed Investment: PHP 300 million

Projected lease rental revenues: PHP43.2 million per annum

Approximately 2,000 foreign BPO agents to reside in Freeport area
3. Approval and award of Bldg. 8120 compound to a new lessee

Projected lease rental revenues: PHP30 million per annum
4. Approval and award of the AIS school compound to a new lessee
S

Estimated committed investment: PHP100 million

Projected lease rental revenues: PHP30 million per annum in addition to a one-time
payment to SBMA of Php15 million
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Industrial and Commercial Leases Strategic Business Unit
2016 TARGETS
5. Approval and award of Bay 1, Bldg. 1026 to a new lessee

Projected lease rental revenues: PHP6.72 million per annum
6. Approval and award of Blue Skeleton to a new lessee and hotel /
resort developer

Estimated committed investment: US$50 million

Projected lease rental revenues: PHP19.5 million per annum
7. Approval and award of 2.4 hectare-lot at the back of SBDMC to a new
lessee

Estimated committed investment: PHP25 million

Projected lease rental revenues: PHP15 million per annum
8. Approval of floating depot / drydock projects

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Estimated committed investment: US$15 million
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Tourism Strategic Business Unit
 Some 2016 Big Events
● Pilipinas Ad Summit 2016
● Bike King Cycling Event
● 2016 Holy Week Activities
● Subic International Marathon
● Century Tuna Iron Man
● Vios Cup 2016
● Regent 5150 Triathlon
● 2016 National Tourism Week
● Triathlon Association of the Phils.
ASTC Subic Asia Cup
● 2016 Christmas Celebration
and New Year’s Eve Countdown
 Production of new tourism promo and marketing materials, including TV
commercial, AVP, Lupang Hinirang, and official jingle
 PLDT-SubicTel LED (light-emitting diodes) display boards along Freeport
major thoroughfares
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Leisure Projects in the Pipeline
Redevelopment of Triboa Bay
 A project of the MSK Group,
through its affiliate
companies Xantheng (Subic)
International Corp., Weihsin
Subic Bay Corp., and
Zangyueh Development
Corp.
 Projected total investment:
US$15 M for the
redevelopment of Triboa Bay
Clubhouse and Triboa tennis
and badminton courts
through construction of three
(3) new building facilities
 Total of 116 hotel rooms and
180 condo units
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Leisure Projects in the Pipeline
Subic Smart Hospitality Corp. (Japan)
 US$30 M minimum investment
 Redevelopment of Subic Bay Golf
Course into a world-class, all-weather
facility
 Development of a retirement community
for Japanese retirees (Minimum of
2,000)
Benefic Corp. (Japan)
 PHP150 M committed investment
 Three (3)-storey dormitory / hostel
building facility
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Good Governance Strategic Initiatives for 2016
 Management has further budgeted in 2015 a total of PHP400 million in salary
increase under the Standard Salary Law retroactive to 2012.
 Institutionalization of Integrity Program in SBMA and signing of Integrity Pledge by
Freeport locators as a shared commitment to adhere to ethical business practices
 Celebration of Women’s Month in SBFZ to promote the welfare and development of
womenfolk under a progressive GAD program.
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INCLUSIVE GROWTH
INDUSTRY SECTOR SOURCE
NO. OF JOBS
NATURE OF JOBS
10,000
HRM, Hotel Staff, Chefs,
Nutritionists, Back Office
10,000
Welders, Painters, Design
Engineers, Naval Architects,
Scaffolders
BPO
20,000
Call Center Agents, IT Technicians,
Design Engineers, Web Design
Specialists, Medical Transcribers
MANUFACTURING
5,000
Factory Workers, Technicians,
Production and Quality Supervisors
MARITIME & LOGISTICS
5,000
Warehousemen, Shipping
Specialists, and Customs Brokers
TOURISM & SERVICES
SHIPBUILDING
Target: Additional 50,000 Job Prospects
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THE GOOD NEWS
“The Philippines is projected to become one of the world’s 16
largest economies in the next 35 years, joining a list of newly
emerging and established emerging economies that are
helping to push the shift of economic power from advanced
economies to emerging markets,”
PricewaterhouseCoopers, A global consulting company
February 2015
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MEDIA ADVISORY
TO SECURE A SOFT COPY OF SBMA CHAIRMAN
ROBERTO V. GARCIA'S 2015 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/about-us/performance
THANK YOU.