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ROCKWELL LAND CORP.
As of August 22, 2017
PHP1.78 +0.0000 +0.00%
Previous Close 1.78 Volume 145,000
Open 1.78 Value 259,190.00
High 1.79 52wk High 2.00
Low 1.78 52wk Low 1.47
Share Information Ownership Breakdown
Issue Shares 6,243,382,344 First Philippine Holdings, Inc. 86.6
Common Shares Outstanding 6,116,762,198 Directors and Officers 0.5
Preferred Shares 126620146 Public 12.9
Market Capitalization 10,887,836,712.44

INVESTOR RELATIONS

Learn more about Rockwell Land Corporation's financial and operational information.
Rockwell Land Corporation was listed in the Philippine Stock Exchange on May 11, 2012.

COMPANY PROFILE

Rockwell Land ("Company") is a premier property developer for residential and commercial projects that cater to the high-end and upper-mid markets in Metro Manila.  It is primarily engaged in the residential development of high-rise condominiums, as well as in retail and office leasing.

The residential development segment involves the development, sales and property management of all residential units under the Rockwell Land brand. This segment currently accounts for 68% of the Company’s EBITDA by end of 2013.

Its portfolio of completed projects comprises of the following:

  • West Block Residential Towers

  • The Manansala (2005)

  • Joya Lofts and Towers (2008)

  • One Rockwell (2010,2011)

  • The Grove by Rockwell Land – Phase 1 (2012)

  • 205 Santolan by Rockwell Land (2014)

  • Edades Tower and Garden Villas (2014)

In addition to the above completed projects, the Company has the following ongoing projects:

  • The Grove by Rockwell Land – Phases 2 & 3

  • The Proscenium

  • The Alvendia

  • 32 Sanson by Rockwell Land (in Lahug, Cebu City)

  • 53 Benitez by Primaries Development Corporation, a wholly owned subsidiary

The Commercial Leasing segment of the Company develops, leases and manages its retail and office developments. Its retail portfolio includes the Power Plant Mall (including the Power Plant Cinema) as well as various retail areas in its residential developments.  The Company manages 48,000 sq.m. of retail space in the Rockwell Center, the Rockwell Business Center and The Grove.  On the other hand, its lone office development is the Rockwell Business Center in Ortigas which has 44,000 sq.m. of leasable space.   Recurring income generated from this segment contributes 32% of the Company’s income by December 2013.

Office development will increase to about 105,000 sqm of leasable space starting 4Q 2014 with the opening of the third tower of Rockwell Business Center in Ortigas City and the Lopez Tower in Makati City.

The Company continues to seek new opportunities for its expansion and growth.  The Company will launch several projects which are currently still in the developmental and design stages.

SUBSIDIARIES

ROCKWELL LEISURE CLUB

ROCKWELL LEISURE CLUB is a subsidiary established in March 26 1999 to primarily own, maintain, manage and carry on sports, social and recreational club on a nonprofit basis at the Rockwell Center, Makati City for amusement, social, entertainment, recreational and athletic activities of the club members.  The principal place of business of the club is at the Rockwell Center, Rockwell Drive corner Estrella Street, Makati City.

ROCKWELL LAND INTEGRATED PROPERTY SERVICES INC. (RIPSI)

ROCKWELL LAND INTEGRATED PROPERTY SERVICES INC. (RIPSI) is a 100% subsidiary of the Company created for the purpose of managing various properties of the condominium corporations in order to ensure and maintain the value of Rockwell Land developments and its niche in luxurious living. There are eight (8) residential towers managed by RIPSI as of the date of this Prospectus.

ROCKWELL DEVELOPMENT CORPORATION

PRIMARIES DEVELOPMENT CORPORATION is a 100% subsidiary of the Company established last September 2012 for development projects catering to the broader market under its 2nd brand, “Primaries” with the vision to become the preferred developer in terms of providing exceptional and quality living at a more affordable price. The brand was launched in April 2013 and hopes to grow this market segment with 1-2 projects per year in the medium term.  The company is undergoing rebranding as “Rockwell Primaries” for the purpose of affirming the subsidiaries association with the Company and is applying for the registration of its trademark with the Intellectual Property Office.

STONEWELL PROPERTY DEVELOPMENT CORPORATION

STONEWELL PROPERTY DEVELOPMENT CORPORATION is a 100% subsidiary of the Company incorporated on September 17, 2012 for the purpose of acquiring land and developing socialized and economic housing projects.

PRIMARIES PROPERTIES SALES SPECIALISTS INC.

PRIMARIES PROPERTIES SALES SPECIALISTS INC. is a subsidiary established to provide sales and marketing services with the Company and Primaries Development Corporation as its initial clients.

ROCKWELL HOTELS & LEISURE MANAGEMENT CORPORATION

ROCKWELL HOTELS & LEISURE MANAGEMENT CORPORATION is a 100% subsidiary of the Company incorporated on June 20, 2013 to engage in the business of hotel acquisition and operation and the provision of related services.

INVESTORS RELATIONS PROGRAM

The President, Corporate Secretary or Assistant Corporate Secretary and Chief Finance Officer reviews and approves major company announcements.

The company undertakes specific activities (e.g. conducting no-deal road shows and accommodating invitations/requests for meetings from its investors to respond to queries) to listen and learn investor requirements, needs and changing expectations.

The company takes the effort to meet its institutional investors and/or communicates person-to-person with shareholders through STSI.

Internal Communications are done through:

  1. Weekly CEO Meetings
  2. Monthly Board Meetings
  3. Board Committee Meetings
  4. Townhall Meetings
  5. Memos and Announcements
  6. Periodic reports
  7. Emails
  8. Telephone Calls
  9. Website
  10. Portal

While external communications are through:

  1. One-on-One Meetings
  2. Investors Conferences
  3. Non-Deal Roadshows
  4. Annual Stockholders’ Meeting
  5. Disclosures
  6. Press Releases

1) Describe the company’s investor relations program including its communications strategy to promote effective communication with its stockholders, other stakeholders and the public in general.  Disclose the contact details (e.g. telephone, fax and email) of the officer responsible for investor relations.

Details

  1. ObjectivesTo provide fair, timely, accurate and reliable financial and related information to stakeholders
  2. PrinciplesThe Company has an Investor Relations Officer that coordinates with various teams for different stakeholders.
  3. Modes of CommunicationsDisclosure, Investor Conference, One-on-One Meeting, Letter, E-mail, Telephone, Fax, Website, Brochure, Annual and Quarterly Reports, Annual Stockholders’ Meetings
  4. Investors Relations OfficerInvestor Relations are handled by the following cross functional teams:
    1. Corporate Communications for Media
    2. Finance for Institutional Investors
    3. Legal and Stock Transfer Office for individual investors

2) What are the company’s rules and procedures governing the acquisition of corporate control in the capital markets, and extraordinary transactions such as mergers, and sales of substantial portions of corporate assets?

The Company seeks approval from its BOD, the two of which are independent directors.  Whenever necessary, the Company appoints a third party for valuations.

In instances where the law requires shareholder action, the same is presented to the shareholders for their approval during an annual or special meeting.

FINANCIAL AND OPERATING HIGHLIGHTS

Rockwell Land Corporation’s net income after tax (NIAT) for the year ended December 31, 2012 amounted to P1.1 billion.  The Company’s net income grew by 19% compounded annually since 2010.   As a percentage to revenues, this year’s net income was at 16%, same as 2010 but slightly higher than 2011’s 15%.  2011’s 15% NIAT margin was mainly due from higher cost of real estate and selling of The Grove Towers A&B in Pasig City, which has a slightly lower margin compared to other projects like One Rockwell and Edades Tower and Garden Villas (Edades).

NIAT for the first six months of 2013 amounting to Php555.0 million was up by 26% from last year’s Php442.1 million. NIAT margin was slightly higher at 17% due to higher sales and construction completion from Edades and 205 Santolan.

The following table shows the breakdown of the revenues by business segment for the periods 2010-2012.

Note:

  1. Revenues from this segment consist of the following projects in the years indicated: One Rockwell (2010 to 2011), The Grove Phase 1 (2010 to 2012), Edades (2011 to 2013), 205 Santolan (from June 2012 to 2013), The Grove Phases 2 & 3 (from November 2012 to 2013).
  2. Amounts exclude revenues from RBC.  Under the Accounting policy for a jointly controlled entity, results of operations of RBC is not consolidated line by line.
  3. These amounts represent the Company’s share in the net income after tax of RBC.

Total revenues grew to Php6.8 billion for the year ended December 31, 2012, growing at a compounded annual rate of 17% since 2010. Residential development accounts for 86% of the total revenues in 2012 from its 83% share in 2010, as more residential projects were simultaneously developed.  Three residential projects started revenue recognition in 2012 namely: 205 Santolan  (June 2012), Grove Phase 2 or Tower C & D (November 2012) and Grove Phase 3 or Tower E & F (December 2012).

Total consolidated revenues for the six months ending June 2013 amounting to Php3,237.4 million grew by 26% from last year’s Php2,576.2 million.

Reservation sales for the year 2012 reached Php9.2 billion achieving a substantial grown of 87% vs.2011’s Php4.9 billion.  Nearly half of 2012’s sales come from new projects, Proscenium and 205 Santolan.   As of year to date June 2013, reservation sales amounting to Php7.1 billion grew by 74% due to the launch of the first three towers of Proscenium (November 2012 and February 2013) as well as the strong demand for The Grove Phase 2 and 3.

EBITDA for the year ended December 31, 2012 amounting to Php2.1 billion represent 31% of total revenues.  A lower EBITDA ratio to total revenues was reported for year 2011 at 26% because of The Grove project in Pasig City, which had higher costs of real estate and selling. EBITDA is derived by adding interest expense, depreciation and amortization and provision for income tax to Net Income.  EBITDA has grown annually by 19% since 2010, where Residential Development grew faster at a rate of 23% vs. the 14% growth reported for Commercial Leasing. In the same year where EBITDA margin was at its lowest, at 26% of total revenues, EBITDA still grew by 9% vs. 2010’s Php1.5 billion due to a significant improvement in the occupancy of the Rockwell Business Center (RBC) in 2011 when it reached 95% from 2010’s 79%.

Residential Development accounts for 61% of 2012’s total EBITDA, up from previous years.  As of year to date June 2013, Residential Development accounts for 59%.

The ratio of cost of real estate and selling to total revenues registered at 62% vs. a high of  67%  reported in 2011 due mainly from The Grove Towers A & B (refer to earlier discussion).  As of year to date June 2013 and same period last year, the ratio was at 58%.

General and Admin Expenses  (G&A) for the year ended December 31, 2012 amounting to Php871.7 million represent 13% of the total revenues, which is within the ratios reached in 2011 (12%) and 2010  (14%).  The level was slightly higher in 2012 due to taxes relating to the Mortgage Trust Indenture (MTI) agreement to secure the Php4.0 billion corporate notes drawn in April 2011, which was later refinanced with the Php10.0 billion 7 year corporate notes drawn in tranches starting January 2013.  While in 2011, the growth in G&A was coming from higher transfer fees of completed units to condominium corporations.

As of year to date June 2013, the G&A ratio was higher at 15% than the ratios reported for years ending 2010 to 2012 due to the recognition of expenses for the Employee Stock Option Plan (ESOP) granted in January 2013.

The Interest Expense amounting to Php266.2 million for the year 2012 was up by 38% due to the additional Php1.5 billion debt, which was part of the Php4.0 corporate notes entered in April 2011 to partially fund the land acquisition made from years 2011 to 2012.  The Php4.4 billion debt level as of the end of 2012 has lower average interest rate of 6.6% p.a. vs. prior years 2011 (7.1% p.a.) and 2010 (8.8% p.a.), reflective of the strengthening economy in the Philippines.

As of June 2013, debt level amounting to Php6.9 billion has an average interest rate of  4.8%  p.a., which is lower than June 2012’s average of 6.8% p.a.  Interest Expense grew by 14% as of year to date June 2013 due to the additional Php3.0 billion corporate notes drawn last March and May 2013, which was part of the Php10.0 billion corporate notes entered into last November 2012 for the refinancing of the old corporate notes drawn in 2011, to fund the office development projects, Lopez Tower (Makati City) and Tower 3 of RBC (Ortigas), and the remainder for land acquisition.

Other comprehensive income represents the fair value changes of the Company’s available for sale investments and is directly charged to equity and remeasurement adjustment on pension.

Total Assets as of December 2012 amounted to Php20.7 billion.  The increase of Php2.7 billion from year end 2011 was mostly from land acquisition, recognition of receivables from ongoing projects and higher development costs for The Grove Towers C to F and the run up of costs for 205 Santolan and Edades which are projects due for final completion within the next 6-9 months from the date of this prospectus.

Total Assets as of June 2013 grew to Php24.2 billion due to the additional debt drawn on the Php10.0 billion corporate notes.  Other Current Assets grew due to collection from sale of Proscenium.

By the end of 2012, Net debt level was at Php3.9 billion which stands at 0.39x of total equity. Majority of the debt carried by the end of 2012 was a Php4.0 billion fixed-interest term loan drawn in April 2011 and 2012.

As a result of higher margins from residential & commercial projects in 2012, ROE increased to 11.7% compared to previous year’s 10.4%.

The annualized ROE as of June 2013 was at 10.7%, higher than June 2012’s 9.5%.

Below is a table showing the key performance indicators of the Company for 2010-2012.

Notes:

  1. EBITDA [Net Income + (Interest Expense, Provision for Income Tax, Depreciation & Amortization)]
  2. Current ratio [Current assets/Current liabilities]
  3. Net debt to equity ratio [(Total Interest bearing debt)-(Cash and cash equivalents) / Total Equity]
  4. Assets to Equity Ratio [Total Assets/Total Equity]
  5. Interest coverage ratio [EBITDA/ Total interest payments]
  6. ROA [Net Income/Average Total Assets]. June 2012 and June 2013 are annualized figures.
  7. ROE [Net Income/ Average Total Equity]. June 2012 and June 2013 are annualized figures.
  8. EPS [Net Income Attributable to the Parent Company and common shares/number of common shares outstanding]
ROCK 17Q Shortened 5-25-2017

POLICIES AND MANUALS

Annual & Quarterly Reports (SEC Forms 17-A and 17-Q)

Date of DisclosureTitle
April 17, 2017SEC Form 17-A ROCK 2016
May 12, 2017SEC Form 17-Q ROCK 1Q2017
November 14, 2016SEC Form 17-Q ROCK 3Q2016
August 12, 2016SEC Form 17-Q ROCK 2Q2016
April 14, 2016SEC Form 17-A ROCK 2015
November 13, 2015SEC Form 17-Q ROCK 3Q2015
August 14, 2015SEC Form 17-Q ROCK 2Q2015
May 14, 2015SEC Form 17-Q ROCK 1Q2015
April 15, 2015SEC Form 17-A ROCK 2014
November 14, 2014SEC Form 17-Q ROCK September 2014
August 13, 2014SEC Form 17-Q ROCK June 2014
May 15, 2014SEC Form 17-Q ROCK March 2014
April 16, 2014SEC Form 17-A ROCK FY2013
November 14, 2013SEC Form 17-Q ROCK Sept 2013
October 02, 2013SEC Form 17-Q ROCK June 2013 (Amended)
August 14, 2013SEC Form 17-Q ROCK June 2013
May 15, 2013SEC Form 17-Q ROCK March 2013
April 16, 2013SEC Form 17-A ROCK FY2012
November 14, 2012SEC Form 17-Q ROCK Sept 2012
August 14, 2012SEC Form 17-Q ROCK June 2012
May 16, 2012SEC Form 17-Q ROCK March 2012

Other Filings

Date of DisclosureTitle
June 29, 2017General Information Sheet 2017
June 23, 2017Certification of Independent Director (Albert F. Del Rosario)
June 09, 2017Dividend Declaration
April 20, 2017ROCK Amended GIS 2016
April 19, 2017ROCK SEC 17-C: Change of Address
March 16, 2017ROCK 17-C Notice of ASM
December 12, 201617-C Resignation, Removal or Election of Directors or Officers
January 09, 2017ROCK Board Attendance for 2016
July 28, 201617C Dividend Declaration
June 09, 2016Certification of Independent Director (MVJ) 2016
June 09, 2016Certification of Independent Director (OJH) 2016
April 06, 2016ROCK 17-C Current Report of the Securities Regulation Code
January 07, 2016ADVISEMENT LETTER BOD ATTENDANCE 2015
October 12, 2015ROCK 17-C Y2015 Clarification on BusinessWorld Online
June 26, 2015Certification of Independent Directors (Vicente Ayllon) 2015
June 24, 2015Certification of Independent Directors (OJH) 2015
July 01, 2015SEC 17-C Dividend Declaration 01July2015
June 29, 2015ROCK 17-C Y2015 Clarification on Inquirer.net article entitled Rockwell unit launching 2 residential projects 29June2015
June 26, 2015ROCK GIS-2015
June 10, 2015ROCK 17-C Y2015 Clarification on BusinessWorld Online’s article entitled BCDA’s bidding for Clark Green City’s 288ha lot
June 08, 2015ROCK 17-C Y2015 Clarification on PhilSTAR’s article entitled Rockwell Land plans to expand overseas
June 01, 2015ROCK 17-C Y2015 Clarification on PhilSTAR’s article entitled Rockwell to widen public float 01June2015
May 27, 2015SEC Form 17-C ASM 27May2015
December 23, 2014ROCK 17C Primaries Investment
November 26, 2014Amended GIS 2014
November 26, 2014Amended SEC Form 17-C amending disclosure re: Atty. Waga’s resignation
September 15, 2014Amended GIS 2014
July 02, 201417-C CY2014 Dividend Declaration 02July2014
June 23, 2014ROCK FY 2014 General Information Sheet
June 23, 2014ROCK Certification of Independent Directors May 2014
May 30, 201417-C CY2014 Press Release Rockwell Ventures into Hotel and Leisure in H2 2014 28May2014
May 30, 201417-C CY2014 Results of ASM, ORG Meeting and Press Release 28May2014
March 27, 201417-C CY2014 ASM date and ASM record date 27Mar2014
March 27, 201417-C CY2014 Audited FS, ASM date, ASM record date and FS highlights 27Mar2014
January 30, 201417-C CY2014 Attendance of Directors 28Jan2014
November 15, 201317-C CY2013 Information disclosed to press, Press release on P5B Bonds 15Nov2013
November 14, 201317-C CY2013 Listing of P5B Bonds with PDEx 14Nov2013
November 04, 2013CY2013 Clarification of news article SEC OKs Rockwell’s P5-B Bonds Issue 4Nov2013
October 29, 2013CY2013 Press Release on Crisp AA+ Credit Rating 25Oct2013
October 07, 2013CY2013 Clarification of news article Rockwell sets P5 B bond sale in Nov
September 20, 201317-C CY2013 Board approval of up to Php 5.0 billion bonds 19Sep2013
July 05, 201317-C CY2013 Declaration of Dividend 4Jul2013
July 01, 2013ROCK FY 2013 General Information Sheet
May 30, 2012CY2013 Clarification of news article Okada, Gokongwei scrap casino talks 30May2013
May 30, 2013CY2013 Clarification of news article Rockwell keeps focus on ‘ultra high-end’ market news article 29May2013
May 29, 201317-C CY 2013 Results of ASM, ORG Meeting and Press Release 29May2013
May 16, 201317-C CY2013 Audit Committee Report 15May2013
March 12, 201317-C CY2013 Press Release Rockwell Land Corporation breaches P1B mark in Net Income 12Mar2013
March 11, 201317-C CY2013 Audited FS, ASM date, ASM record date and FS highlights 11Mar2013
January 30, 201317-C CY2013 Compliance with Corporate Governance 29Jan2013
January 30, 201317-C CY2013 Attendance of Directors 29Jan2013
December 12, 2012CY2012 Clarification of news article Rockwell eyes more areas for development 12Dec2012
November 27, 201217-C CY2012 Board authorization to issue Corporate Notes 26Nov2012
November 19, 2012CY2012 Clarification of news article Bidding for property owned by Bases 19Nov2012
September 04, 2012ROCK FY 2012 General Information Sheet
August 06, 2012CY2012 Clarification of news article Rockwell Land in P26.3-B expansion binge 6Aug2012
August 03, 201217-C CY 2012 Results of ASM, ORG Meeting and Press Release 3Aug2012
July 23, 2012CY2012 Clarification of news article 7 firms set to vie for development of FTI 23Jul2012
July 11, 2012CY2012 Letter of Beacon Sale to FPH of ROCK common shares 11Jul2012
May 31, 201217-C CY2012 ASM record date and NomElec 30May2012
May 28, 2012CY2012 Clarification of News Article MVP sells 25% Rockwell stake to Lopez Family 28May2012
May 14, 201217-C CY2012 Buy-Back Transaction 14May2012
May 11, 201217-C CY2012 Estimated Financial Information 11May2012
May 11, 201217-C CY2012 Press Release Rockwell Land Lists P9.1B Worth of Shares 11May2012

Report on Number of Shareholders

Date of DisclosureTitle
August 03, 2017Report on the No. of SH 31Jul2017
July 05, 2017Report on the No. of SH 30Jun2017
June 05, 2017ROCK No of SH 31May2017
May 05, 2017ROCK No. of SH 30Apr2017
November 08, 2016ROCK No of SH 31Oct2016
April 05, 2017ROCK No. of SH 31Mar2017
March 02, 2017ROCK No. of SH 28Feb2017
February 03, 2017ROCK No. of SH 31Jan2017
January 06, 2017ROCK No. of SH 31Dec2016
December 07, 2016ROCK_No. of SH 30Nov2016
November 08, 2016ROCK_No. of SH 31Oct2016
October 06, 2016ROCK_No. of SH_ 30Sept2016
September 06, 2016ROCK_No. of SH_ 31Aug2016
August 04, 2016ROCK Total No. of SH as of 31July2016
July 08, 2016ROCK Total No. of SH as of 30June2016
June 07, 2016ROCK Total No. of SH as of 31May2016
May 06, 2016ROCK Total No. of SH as of 30Apr2016
April 06, 2016ROCK Total No of SH as of 31Mar2016
March 04, 2016ROCK Total No of SH as of 29Feb2016
February 04, 2016ROCK Total No of SH as of 31Jan2016
January 07, 2016ROCK Total No of SH as of 31Dec2015
December 04, 2015ROCK Total No of SH as of 30Nov2015
November 04, 2015ROCK Total No of SH as of 31Oct2015
October 06, 2015ROCK Total No of SH as of 30Sept2015
September 04, 2015ROCK Total No of SH as of 31Aug2015
August 06, 2015ROCK Total No of SH as of 31July2015
July 06, 2015ROCK Total No of SH as of 30June2015
May 31, 2015ROCK Total No of SH as of 31May2015
May 07, 2015ROCK Total No of SH as of 30Apr2015
April 08, 2015ROCK Total No of SH as of 31March2015
March 05, 2015ROCK Total No of SH as of 28Feb2015
February 04, 2015ROCK Total No of SH as of 31Jan2015
January 07, 2015ROCK Total No of SH as of 31Dec2014
December 05, 2014ROCK Total No of SH as of 30Nov2014
November 05, 2014ROCK Total No of SH as of 31Oct2014
October 08, 2014ROCK Total No of SH as of 30Sept2014
September 04, 2014ROCK Total No of SH as of 31Aug2014
August 07, 2014ROCK Total No of SH as of 31Jul2014
July 07, 2014ROCK Total No of SH as of 30Jun2014
June 03, 2014ROCK Total No of SH as of 31May2014
May 07, 2014ROCK Total No of SH as of 30Apr2014
April 02, 2014ROCK Total No of SH as of 31Mar2014
March 04, 2014ROCK Total No of SH as of 28Feb2014
February 07, 2014ROCK Total No of SH as of 31Jan2014
January 07, 2014ROCK Total No of SH as of 31Dec2013
December 04, 2013ROCK Total No of SH as of 31Nov2013
November 08, 2013ROCK Total No of SH as of 31Oct2013
October 07, 2013ROCK Total No of SH as of 30Sep2013
September 05, 2013ROCK Total No of SH as of 31Aug2013
July 04, 2014ROCK Total No of SH as of 31Jun2013
June 07, 2013ROCK Total No of SH as of 31May2013
May 08, 2013ROCK Total No of SH as of 30Apr2013
April 03, 2013ROCK Total No of SH as of 31Mar2013
March 06, 2013ROCK Total No of SH as of 28Feb2013
February 06, 2013ROCK Total No of SH as of 31Jan2013
January 07, 2013ROCK Total No of SH as of 31Dec2012
December 06, 2012ROCK Total No of SH as of 30Nov2012
November 09, 2012ROCK Total No of SH as of 31Oct2012
October 04, 2012ROCK Total No of SH as of 30Sep2012
September 06, 2012ROCK Total No of SH as of 31Aug2012
August 06, 2012ROCK Total No of SH as of 31Jul2012
July 05, 2012ROCK Total No of SH as of 30Jun2012
June 07, 2012ROCK Total No of SH as of 31May2012

Statement of Changes in Beneficial Ownership of Securities (23-A and 23-B)

Date of DisclosureTitle
August 09, 2017SEC Form 23-B – Valerie Jane L. Soliven
June 15, 2017SEC Form 23-A – Christine Coqueiro
June 15, 2017SEC Form 23-A – Rica Bajo
June 15, 2017SEC Form 23-A – Albert F. Del Rosario
May 05, 2017SEC Form 23-B -Manuel M. Lopez May 2017
May 05, 2017SEC Form 23-B – Manuel M. Lopez April 2017
March 04, 2016SEC Form 23-B – Manuel M. Lopez
June 09, 2016SEC Form 23-A – Jesse S. Tan
June 09, 2016SEC Form 23-A – Geraldine B. Brillantes
June 09, 2016SEC Form 23-A – Angela Marie B. Pagulayan
April 12, 2016SEC Form 23-A – Monico V. Jacob 04.12.2016
August 27, 2015SEC Form 23-B – Manuel L. Lopez, JR August 27, 2015
June 01, 2015SEC Form 23-B – Manuel M. Lopez 01Jun2015
May 27, 2015SEC Form 23-A – Oscar J. Hilado 27May2015
May 22, 201523-B Nestor J. Padilla 22May2015
January 13, 201523-B Manuel M. Lopez 13Jan2015
September 16, 201423-A Esmeraldo C. Amistad 16Sep2014
April 07, 201423-B Manuel M. Lopez 07Apr2014
April 02, 201423-A Divino M. Villanueva, Jr. 02Apr2014
January 21, 201423-B Malou Pineda 17Jan2014
November 28, 201323-B Nestor J Padilla 28Nov2013
August 07, 201323-B Manuel M. Lopez 07Aug2013
August 02, 201323-B Nestor J Padilla 29July2013
July 26, 201323-B Manuel M. Lopez 23Jul2013
July 15, 201323-B Nestor J Padilla 09July2013
June 28, 201323-B Manuel M. Lopez 21Jun2013
June 24, 201323-B Manuel M. Lopez 20Jun2013
June 20, 201323-B Manuel M. Lopez 18Jun2013
June 20, 201323-B Miguel Ernesto Lopez 20Jun2013
June 04, 201323-A Ferdinand CoSeteng 04Jun2013
June 04, 201323-A Giles Puno 04Jun2013
April 15, 201323-A Adela Flores 11Apr2013
April 15, 201323-A Antonette Marquez 11Apr2013
January 15, 201323-B Manuel M. Lopez 14Jan2013
January 08, 201323-B Manuel M. Lopez 07Jan2013

BOARD OF DIRECTORS

Rockwell Land's Board of Directors is composed of experienced professionals of diverse backgrounds who have proven their proficiency for success.


01Ambassador-Manuel-M.-Lopez

AMBASSADOR MANUEL M. LOPEZ

CHAIRMAN

Manuel “Manolo” M. Lopez has built a remarkable career as a businessman and professional manager. While serving as Board Chairman for Rockwell Land since 1995, he has also helmed the Board of Directors for Bayan Telecommunications Holdings Corp. and Rockwell Leisure Club, Inc. He also divides his time between being Chairman and CEO of the Lopez Holdings Corp. and serving as Vice-Chairman of the First Philippine Holdings Corp. and Lopez Inc. To add to his outstanding resumé are stints as Director for various Lopez Group companies such as the ABS-CBN Corp., Sky Cable Corp. and the First Philippine Realty Corp., among others.

02Oscar-M.-Lopez

OSCAR M. LOPEZ

CHAIRMAN EMERITUS

After having served as Vice-Chairman of the Rockwell Land Corporation for 17 years, Oscar M. Lopez was accorded the title of Chairman Emeritus in 2012. He concurrently holds the title of Chairman Emeritus for Rockwell Land’s mother group; Lopez Holdings Corp. Mr. Lopez also serves as Chairman for the Asian Eye Institute, while being one of the Directors for the ABS-CBN Corporation.

03Federico-R.-Lopez

FEDERICO R. LOPEZ

VICE-CHAIRMAN

After his father, Oscar M. Lopez, stepped down as Rockwell Land’s Vice-Chairman and was subsequently accorded the title of Chairman Emeritus in 2012, Federico R. Lopez was immediately elected to assume the position. He concurrently helms the Board of Directors of the First Philippines Holdings Corp., Rockwell Land’s mother company, as Chairman and CEO. He also heads First Holdings’ power generation initiatives. This includes the First Gen Corp., Energy Development Corp., First Gas Power Corp. and the First Philippine Electric Corp., among others. Mr. Lopez is also a member of the Board of Directors for the ABS-CBN Corp., the media and entertainment company of the Lopez Group.

04Nestor-J.-Padilla

NESTOR J. PADILLA

PRESIDENT AND CEO, DIRECTOR

Nestor J. Padilla has been serving as President and Chief Executive Office for Rockwell Land since 1995, and was elected to be a member of the Board of Directors in 1997. He concurrently serves as Senior Vice-President to Rockwell Land’s mother company, First Philippine Holdings, Corp. And at the same time, Mr. Padilla serves as Director for First Batangas Hotel Corp., First Philippine Realty Corp., and First Phippine Industrial Park.

05Miguel-Ernesto-L.-Lopez

MIGUEL ERNESTO L. LOPEZ

DIRECTOR, SENIOR VICE-PRESIDENT AND TREASURER

Miguel Ernesto L. Lopez has been a member of Rockwell Land’s Board of Directors since 2010, having been elected as the company’s Senior Vice-President and Treasurer on the same year. He concurrently serves Rockwell Integrated Property Services, Inc. as its General Manager and Senior Vice-President. Mr. Lopez also holds the title of Senior Vice-President for Lopez Holdings Corp., Rockwell Land’s mother company, while at the same time heading the group’s corporate affairs. Aside from being Director for both Philippine Commercial Capital Inc. and Rockwell Leisure Club Inc., he’s also Trustee and Consultant for the Lopez Group’s social responsibility initiatives, the Eugenio Lopez Foundation Inc. and Lopez Group Foundation.

07Eugenio-L.-Lopez-III

EUGENIO L. LOPEZ III

DIRECTOR

Although he is popularly known as the Chairman of media and entertainment company ABS-CBN Corp., Eugenio “Gabby” L. Lopez III in fact simultaneously serves as Board Member for various Lopez Group ventures. One of these is Rockwell Land, in which he has been a Director since 1995. He also serves as Chairman and Chairman Emeritus for Sky Cable Corp. and ABS-CBN Lingkod Kapamily Foundation, Inc., respectively. Mr. Lopez also holds the title of Vice Chairman for Bayan Telecommunications Holdings Corp. and mother group Lopez Holdings Corp., with the former concurrently having him as President. He is also President of Lopez Inc. and a Director for First Gen. Corp., First Philippine Holdings Corp. and Ang Misyon Inc.

08Manuel-L.-Lopez,-Jr.

MANUEL L. LOPEZ, JR.

DIRECTOR

Manuel L. Lopez Jr. has been a director of Rockwell Land since 2011. He also serves as Director for Lopez Inc., Philippine Trade Foundation Inc., Stargate Media and Philippine Commercial Capital Inc. Apart from this, Mr. Lopez is also CEO for SLASHdotPH and Global Integrated Contact Facilities Inc., with the latter concurrently having him as Chairman. Rounding off his resumé is his role as Executive Vice-President for Benpres Insurance Agency Inc.

13Ferdinand-Edwin-S.-CoSeteng

FERDINAND EDWIN S. CO SETENG

DIRECTOR

Ferdinand Edwin S. Co Seteng was elected Director of Rockwell Land in 2013. Aside from overseeing the realty company’s operations, he also heads the Lopez Group’s power generation and distribution companies, the First Philippine Industrial Park and the First Philippine Holdings. The former has him as President, while the latter sees him serve as Executive Vice-President and Director.

06Francis-Giles-B.-Puno

FRANCIS GILES B. PUNO

DIRECTOR

Francis Giles B. Puno has been one of Rockwell Land’s Directors since 2013. He also serves as Director other Lopez Group companies, such as the Energy Development Corp., the First Gen Corp. and the First Philippine Holdings Corp. The latter two companies both see him serve as President and Chief Operating Officer.

Oscar-J.-Hilado

OSCAR J. HILADO

INDEPENDENT DIRECTOR

Oscar J. Hillado joined Rockwell Land’s Board Members when he became an Independent Director in 2015. He also serves as Director for other Lopez Group companies, namely the FPHC and the Asian Eye Institute. Mr. Hilado is also a Director for a myriad of telecommunications, mining and energy companies, which include Smart Communications, Inc., Philex Mining Corporation and Trans Asia Renewable Energy Corp., among others.

Monico-V.-Jacob

MONICO V. JACOB

INDEPENDENT DIRECTOR

Monico V. Jacob is the most recent addition to Rockwell Land’s Board of Directors, having been elected as Independent Director in April 2016. He also serves as Director for various companies such as Jollibee, the 2Go Group and Philhealthcare Inc., among others. Mr. Jacob also currently serves as President for STI Education Systems Holdings Inc. and STI Education Services Group, with the latter seeing him serve as CEO as well. Rounding off his impressive credentials is his role as Chairman for PhilPlans First Inc., Philippine Life Financial Assurance Inc., Total Consolidated Asset Management Inc. and Ateneo de Naga University.

11Atty. Enrique I. Quiason

ATTY. ENRIQUE I. QUIASON

CORPORATE SECRETARY

Mr. Quiason is the Corporate Secretary of Rockwell Land since 1995. He has also served as a Corporate Secretary to Lopez Holdings Corporation, ABS-CBN Broadcasting Corporation, FPHC, Maynilad Water Services, Inc., and Sky Vision Corporation, among others. He is a Senior Partner at the Law Firm of Quiason Makalintal Barot Torres Ibarra & Sison. Mr. Quiason, a Member of the Integrated Bar of the Philippines, holds a Bachelor of Science degree in Business Economics and a Bachelor of Laws degree from the University of the Philippines, and a Master of Laws degree in Securities Regulation from Georgetown University.

12Esmeraldo-C.-Amistad

ESMERALDO C. AMISTAD

ASSISTANT CORPORATE SECRETARY

Mr. Esmeraldo C. Amistad has been an Asst. Vice President at First Philippine Holdings (FPH) since 2003. He was appointed as Asst. Corporate Secretary and Asst. Compliance Officer of FPH in Sept. 2014. He has served as an Asst. Corporate Secretary of Rockwell Land Corporation since Sept. 2014. He is also the Corporate Secretary and Asst. Corporate Secretary of various FPH subsidiaries and affiliates. He was one of the inaugural recipients of the Lopez Achievement Award in 2002. He holds a Bachelor of Arts in English (1987) and a Bachelor of Laws (1992) degree both from the University of the Philippines. He has completed the Managerial Leadership Program (2003) and attended the Executive Master’s in Business Administration both at the Asian Institute of Management (2011). He has authored books on contracts, e-laws and has been published in the Philippine Law Journal (Disclosures: The Corporate Striptease, 2004). He has also lectured on contracts, e-laws, disclosures, and corporate secretaryship at the University of the Philippines and other fora.

BOARD COMMITTEES

Rockwell Land's Board Committees are experienced professionals of diverse backgrounds
who have proven their proficiency for success

AUDIT COMMITTEE

Oscar J. Hilado – Chairman
Monico V. Jacob - Member
Francis Giles B. Puno - Member

RISK OVERSIGHT COMMITTEE

Eugenio L. Lopez III – Chairman
Oscar J. Hilado – Member
Nestor J. Padilla - Member
Ferdinand Edwin S. CoSeteng – Member

RELATED PARTY TRANSACTIONS COMMITTEE

Monico V. Jacob – Chairman
Federico R. Lopez - Member
Oscar J. Hilado - Member
Nestor J. Padilla – Member

CORPORATE GOVERNANCE COMMITTEE

Manuel M. Lopez – Chairman
Oscar M. Lopez - Member
Eugenio L. Lopez III - Member
Monico V. Jacob – Member

MANAGEMENT

Rockwell Land's managed by experienced professionals of diverse backgrounds who have proven their proficiency for success

04Nestor-J.-Padilla

NESTOR J. PADILLA

PRESIDENT AND CEO

Mr. Padilla is the President and Chief Executive Officer of Rockwell Land and is a Director since 1995. He also serves as a Director of First Philippine Realty Corporation and First Batangas Hotel Corporation. He has also served as a Director of FPHC and Rockwell Club, among others, and he has served as a Trustee of Rockwell Land Condominium Corporation. During a stint in Indonesia, he held the position of Chief Executive Officer ofLippo Land and was the Executive Director of Indo Ayala Leasing. Mr. Padilla holds a Bachelor of Science degree in Business Management from the Ateneo de Manila University.

05Miguel-Ernesto-L.-Lopez

MIGUEL ERNESTO L. LOPEZ

TREASURER & SENIOR VICE-PRESIDENT, PROPERTY MANAGEMENT

Mr. Lopez is a Senior Vice-President and the Treasurer of Rockwell Land and is a Director since 2009. He has also served as a Director in Lopez, Inc., MESALA, Meralco Industrial Engineering Services Corporation, CIS Bayad Center, Inc., and Outsourced Teleserve Corporation, among others. He is also currently the Vice President and Head of Corporate Affairs of Lopez Holdings Corporation. Mr. Lopez holds a Bachelor of Science degree in Business Administration from Menlo College of California, USA and attended the Executive Development Program of the Asian Institute of Management.

03Valerie-Jane-Lopez-Soliven

VALERIE JANE LOPEZ-SOLIVEN

SENIOR VICE-PRESIDENT, ROCKWELL RESIDENTIAL DEVELOPMENT

Ms.Soliven has been with the Company for 15 years. Before joining Rockwell Land, she worked at the Manila Garden Suites, Edsa Shangri-La Hotel and the Shangri-La Hotel in Singapore. Ms.Soliven, a licensed broker, holds a Bachelor of Science degree in Hotel and Restaurant Administration from the University of the Philippines. She completed a Management Development Program from the Asian Institute of Management in 2006.

04Maria-Lourdes-Lacson-Pineda

MARIA LOURDES LACSON-PINEDA

SENIOR VICE-PRESIDENT, ROCKWELL PRIMARIES

Ms. Pineda has been with the Company for 12 years. She previously served as Vice-President for Retail, and General Manager of the Power Plant Mall and other retail developments. Prior to joining Rockwell Land, she worked at Jewelmer International, a French-Filipino company specializing on exquisite jewellery. Ms. Pineda holds a Bachelor of Science degree in Hotel and Restaurant Management from the University of the Philippines. She completed a Management Development Program from the Asian Institute of Management in 2006.

05Ellen-Almodiel

ELLEN V. ALMODIEL

SENIOR VICE-PRESIDENT, FINANCE & ACCOUNTING and CHIEF FINANCE OFFICER

Ms. Almodiel is Vice-President for Finance since 2010. She started as Finance Manager in 1994 and briefly served as Manager of the Business Development Team. Prior to joining Rockwell Land, she was a Financial Analyst and later an Assistant to the Group Chief Finance Officer of the Alcantara Group of Companies and Finance Manager of NextStage, Inc. Ms. Almodiel, a Certified Public Accountant, holds a Bachelor of Science degree in Business Administration and Accountancy from the University of the Philippines, where she graduated cum laude.

06Estela-Dasmarinas

ESTELA Y. DASMARIÑAS

VICE-PRESIDENT, HUMAN RESOURCES

Ms.Dasmariñas is Vice- President for Human Resources. Prior to joining Rockwell Land, she was Vice-President for Human Resources of AMA-DDB Needham Worldwide, Inc., a multinational advertising and communications organization. She was also Director for Human Resources of property development firm Metro Asia Resources Corporation and Manager for Human Resources of Mitsubishi Motor Corporation Philippines, Inc. Ms.Dasmariñas holds a Bachelor of Science degree in Political Science and a Master of Arts degree in Industrial Relations specializing in Human Resource from the University of the Philippines.

08Davy-Tan

DAVY Y. TAN

VICE-PRESIDENT, PROVINCIAL DEVELOPMENT - VisMin

Mr. Tan joined Rockwell Land in 2007 as Financial Analyst and Budget Manager and in 2010 became Assistant Vice-President for Business Development. Prior to joining Rockwell Land, he spent six years with Filinvest Alabang, Inc., a subsidiary of Filinvest Development Corporation, as Proof and Control Officer of the Festival Supermall and later as Finance Analyst. He was also Accounting Officer at D.M. Consunji, Inc. and Junior Auditor at Punongbayan and Araullo. Mr. Tan, a Certified Public Accountant, holds a Bachelor of Science degree in Accountancy from the University of the East.

11Divino-M.-Villanueva,-Jr

DIVINO M. VILLANUEVA, JR.

VICE-PRESIDENT, PROVINCIAL DEVELOPMENT - Luzon

Mr. Villanueva has been with Rockwell Land for 5 years, currently holding the position of Vice President of the Provincial Development team. Prior to joining Rockwell Land, he had an extensive career in marketing and sales management with multi-national and local companies. He also served as Chairman of the Advertising Board of the Philippines and the Asian Federation of Advertising Associates, and President of the Philippine Associates of National Advertisers. Mr. Villanueva holds a Bachelor of Science degree in Business Management from the Ateneo de Manila University.

10Adela-D.-Flores

ADELA D. FLORES

VICE-PRESIDENT, PROPERTY MANAGEMENT

Ms. Flores is Vice President for Property Management. Prior to rejoining Rockwell in 2012, she served as Assistant Vice-President and General Manager of the Power Plant Mall followed by a stint in Malaysia as General Manager of the Curve Shopping Centre. Ms. Flores holds a Bachelor of Arts degree in Mass Communications from the University of the Philippines. She completed a Management Development Program from the Asian Institute of Management in 2002.

09Abel-L.-Roxas

ABEL L. ROXAS

VICE-PRESIDENT, PROJECT DEVELOPMENT

Mr. Roxas has been with Rockwell Land for 4 years and is currently Vice President for Construction. Prior to joining the company, Mr. Roxas served SKI Construction Group Incorporated as Department Head of Planning and Formworks, and CitramegahKaryaGemilang (CKG) as Engineering Manager. Mr. Roxas first joined Rockwell Land as a Senior Manager for Project Development. Mr. Roxas, a Licensed Civil Engineer, holds a Bachelor of Science degree in Civil Engineering from Mapua Institute of Technology.

Policies and Manuals

Amended by Laws

Date of DisclosureTitle
February 08, 2013Amended by laws

Amended Manual of Corporate Governance

Date of DisclosureTitle
September 20, 2012Corporate Governance Manual

CORPORATE SOCIAL RESPONSIBILITY

ONE FOR THE KIDS AT THE WHITE CROSS ORPHANAGE

Last September 23, 2016, more than 80 of our employees spent an awesome afternoon together with 40 kids from the White Cross Orphanage, San Juan. Magic shows, mascot fun, and engaging games set up in booths have delighted both children and adults. School items and other giveaways were distributed after a whole day of spreading happiness.

MEDICAL MISSION

On December 3 and 10, 2016, Rockwell employees, together with volunteer medical professionals, priests, and parishioners have organized a medical mission spanning across cities where Rockwell has developments — San Juan, Makati, Muntinlupa, Quezon City, Pasig, and Mandaluyong. The medical mission helped nearly 1,000 citizens through medical check-ups.

THE SCHOOL REBUILDING PROJECT 2016

In partnership with the Department of Education’s Adopt-A-School Program and the Energy Development Corporation, Rockwell has helped rebuild classrooms for the less privileged. We have contributed 12 classrooms in Iloilo, Bicol, and Bukidnon, sharing construction materials and labor amounting to 15.6 million in an effort to create a conducive environment for the educational enrichment of more and more Filipinos.

ENTERPRISE RISK MANAGEMENT

Management regularly reviews and updates the risks faced by the Company and presents it to the Board. The Risk Management Committee met in November 5, 2013. The risk management system and governance structure is reviewed on an annual basis.

1) Overall risk management philosophy of the company;

Section 7 of the Manual for Corporate Governance provides:

"The Risk Management Committee shall have the following powers and functions:

Oversee the formulation and establishment of an enterprise-wide risk management system.

Review, analyze and recommend the policy, framework, strategy, method and/or system of or used by the Corporation to manage risks, threats or liabilities.

Review and assess the likelihood and magnitude of the impact of material events on the Corporatiobn and/or to recommend measures, responses or solutions to avoid or reduce risks or exposures.

Perform such other duties and functions and/or assume such responsibilities as may be delegated by the Board of Directors."

2) Risk Policy

(a) Company

Give a general description of the company’s risk management policy, setting out and assessing the risk/s covered by the system (ranked according to priority), along with the objective behind the policy for each kind of risk:

Risk Exposure, Risk  Management Policy, Objective

a. Regulatory Risk - Rockwell regularly monitors its exposures and compliance to laws and regulations to ensure the continuity of its operations To comply with all applicable laws and regulations

b. Business Interruption Risk - Rockwell continuously enhances its operations and support systems to reduce the likelihood of unscheduled interruptions and, in the case of actual interruptions, to reduce the impact to the company’s financial performance.To ensure continuity of services to its customers.

c. Interest Rate Risk - The Company’s policy is to manage its interest cost using a mix of fix and variable rate debts. To manage the exposure to floating interest rates in a cost-efficient manner.

d. Foreign Currency Risk - Rockwell monitors its exposures to foreign currency fluctuations. To manage and minimize the exposure to foreign currency risk.

e. Credit Risk - The Company trades only with recognized, creditworthy third parties. It is the Company’s policy that all customers who wish to trade on credit terms are subject to verification procedures. Default or delinquency on the part of the buyers of condominiums units or club shares are being monitored on an ongoing basis to enable the Company to determine the appropriate action – usually, cancelling the sale and holding the units and club shares open for sale. Lease receivables are closely monitored based on aging of the accounts. Accounts determined to be uncollectible are recommended for write-off. With regard to other financial assets of the Company, these are also monitored regularly with the result that the Company’s exposure to bad debts is significant.

Trade receivables from sale of condominium units are secured with pre-completed condominium units. The legal title and ownership of these units will only be transferred to customers upon full payment of the contract price. Receivables from lease are guaranteed by security deposits. For other receivables, since the Company trades only with recognized third parties, there is no requirement for collateral. To manage the credit exposures with its customers and/or other third parties

Risk to Minority Shareholders

Article I of the Corporate By-Laws provides:

Section 5. Quorum – At all meetings of stockholders, annual or special, in order to constitute a quorum, there shall be present either in person or by proxy the holders of record of the majority of the stock issued and outstanding and entitled to vote of a greater proportion. In the absence of a quorum, the holders of record of the majority of the shares present and entitled to vote may adjourn the meeting from time to time until a quorum shall be present, and no notice of such adjourned meeting shall be required.

Section 6. Voting – Except as otherwise provided by law, each stockholder of record shall be entitled at every meeting of stockholders to one vote for each share of stock standing in his name on the stock and transfer books of the Corporation, which vote may be given personally or by power of attorney or proxy authorized in writing. The instrument authorizing a proxy to act shall be exhibited to the Secretary if so requested. In the election of Directors, each stockholder entitled to vote may cumulate and distribute his votes in accordance with the provisions of the Corporation Code.

3) Control System Set Up

(a) Company  Briefly describe the control systems set up to assess, manage and control the main issue/s faced by the company:  Risk Exposure, Risk Assessment (Monitoring and Measurement Process) Risk Management and Control (Structures, Procedures, Actions Taken)

1. Regulatory Risk Annual risk identification, evaluation, and monitoring

• Regular monitoring of changes or updates to relevant laws and regulations

• Close monitoring of the Company’s compliance to applicable legal and regulatory

• Close coordination with regulatory agencies

2. Business Interruption Risk Annual risk identification, evaluation, and monitoring

• Regular monitoring of operations

• Regular repair and maintenance of key equipment, systems and processes

• Regular review, revision and practice of Business Continuity Management plans

3. Interest Rate Risk Annual risk identification, evaluation, and monitoring

• Regular monitoring of the interest rates

• Identify, assess and enter into interest hedging, whenever necessary

4. Foreign Currency Risk Annual risk identification, evaluation, and monitoring

• Regular monitoring of the foreign currency rates

• Identify, assess and enter into derivative transactions, whenever necessary

5. Credit Risk Annual risk identification, evaluation, and monitoring

• Regular review and analysis of customer financial and credit performances

• Close coordination with customers to discuss emerging risks

6. Liquidity Risk Regular monitoring of available cash and credit facilities within maintained debt service ratio.Maintain enough cash sufficient to finance operations and obligations.

(b) Group Briefly describe the control systems set up to assess, manage and control the main issue/s faced by the company:  Risk Exposure, Risk Assessment (Monitoring and Measurement Process)Risk Management and Control (Structures, Procedures, Actions Taken)

1. Regulatory Risk - Annual risk identification, evaluation, and monitoring

• Regular monitoring of changes or updates to relevant laws and regulations

• Close monitoring of the Company’s compliance to applicable legal and regulatory

• Close coordination with regulatory agencies

2. Business Interruption Risk - Annual risk identification, evaluation, and monitoring

• Regular monitoring of operations

• Regular repair and maintenance of key equipment, systems and processes

• Regular review, revision and practice of Business Continuity Management plans

3. Interest Rate Risk - Annual risk identification, evaluation, and monitoring

• Regular monitoring of the interest rates

• Identify, assess and enter into interest hedging, whenever necessary

4. Foreign Currency Risk - Annual risk identification, evaluation, and monitoring

• Regular monitoring of the foreign currency rates

• Identify, assess and enter into derivative transactions, whenever necessary

5. Credit Risk - Annual risk identification, evaluation, and monitoring

• Regular review and analysis of customer financial and credit performances

• Close coordination with customers to discuss emerging risks

6. Liquidity Risk - Regular monitoring of available cash and credit facilities within maintained debt service ratio.Maintain enough cash sufficient to finance operations and obligations.

(c) Committee Identify the committee or any other body of corporate governance in charge of laying down and supervising these control mechanisms, and give details of its functions:  Section 7 of the Manual on Corporate Governance states “The Board shall create a Risk Management Committee composed of at least three (3) members of the Board, or such other number as may be prescribed by the Board. The Chairman of the Board shall designate the Chairman of the Committee. Duties and Responsibilities The Risk Management Committee shall have the following powers and functions: a.Oversee the formulation and establishment of an enterprise-wide risk management system; b.Review, analyze and recommend the policy, framework, strategy, method and/or system of or used by the Corporation to manage risks, threats or liabilities; c.Review and assess the likelihood and magnitude of the impact of material events on the Corporation and/or to recommend measures, responses or solutions to avoid or reduce risks or exposures; and d.Perform such other duties and functions and/or assume such responsibilities as may be delegated by the Board of Directors.”

EVENTS AND PRESENTATION

DateEvents
May 29, 2013Annual Stockholders' Meeting, 2013 8:00 AM, The Rockwell Tent
August 03, 2012Annual Stockholders' Meeting, 2012 8:00 AM, The Rockwell Tent
Date of DisclosureTitle
May 29, 2013President’s Report ASM 2013
August 03, 2012Chairman’s Message
May 28, 2012President’s Report ASM 2012

Frequently Asked Questions

  • 1. What is Rockwell Land's stock trading name?

    Rockwell Land is listed on the Philippine Stock Exchange under the stock trading name ROCK.

  • 2. When did Rockwell Land list as a public company and at what price?

    Rockwell Land's 6,228,382,244 common shares were introduced at a listing price of PHP 1.46 per common share on May 11, 2012.

  • 3. Who manages and maintains Rockwell Lands developments?

    All of Rockwell's developments are kept well-managed by the Rockwell Property Management Corporation. Property Management Offices are located in each building, with building managers and a team constantly prepared to address residents concerns.

  • 4. Who are Rockwell Lands clients?

    Rockwell Land creates lifestyle, providing residences, office spaces, and leisure to the high-end and upper-mid market. Our office tenants in Rockwell Center and in the Rockwell Business Center in Ortigas, our commercial tenants and patrons of the Power Pl.

  • 5. Under what stock exchange is Rockwell Land Corporation (ROCK) Listed?

    Rockwell Land is listed under the Philippine Stock Exchange, under the stock symbol ROCK.

  • 6. When were Rockwell Land's share listed?

    Rockwell Land's shares were listed by way of introduction last May 11, 2012.

  • 7. When is the Annual Stockholders' Meeting scheduled?

    Pursuant to the by-laws of the company, the Annual Stockholders' Meeting is scheduled every third Monday of May each year.

  • 8. Who is Rockwell Land's stock transfer agent?

    The stock transfer agent of Rockwell Land is Securities Transfer Services, Inc. (STSI), which can be viewed on the contact us link.

ROCKWELL LAND CORPORATION

STAKEHOLDER AND INVESTOR INQUIRIES

For inquiries please write or call:

Ms. Rica L. Bajo
Assistant Vice President

Rockwell Land Corporation
Ground Floor, East Podium, Joya Lofts & Towers, Rockwell Center, Makati, Philippines

Tel: (632) 793 0088 local 1013
(632) 793 0088 local 1068
Email: ir@rockwell.com.ph


SHAREHOLDER ASSISTANCE

For inquiries regarding your account, change of address or lost or damaged stock certificates, please write or call Stock Transfer Services, Inc.

Ms. Josephine Torres
Head of Customer Care

Securities Transfer Services, Inc.
Ground Floor, Benpres Building, Exchange Road cor. Meralco Ave.,
Ortigas Center, Pasig City
P.O. Box No. 13951
Ortigas Center Post Office, Pasig City

Tel: (632) 749 0060 local 105
(632) 490 0060 local 105
Fax: (632) 631 7148