Presented by ROBERTO V. GARCIA Chairman and Administrator Subic Bay Metropolitan Authority
2011 vs. 2010
Performance Review
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Key Performance Indicators
CUMULATIVE INVESTMENTS (1992 - 2011) Year
Committed Investments (Cumulative)
2011
US$8.403 B
2010
US$7.167 B
Up by 17%
Key Performance Indicators
COMMITTED INVESTMENTS FROM NEW PROJECTS Year
Committed Investments
2011
US$1.236 B
2010
US$1.210 B
Up by 2%
Key Performance Indicators
2011 FOREIGN AND LOCAL INVESTMENTS
US$1,074 M US$160 M
Foreign Direct Investment S
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Local Investments I
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Key Performance Indicators
TOTAL JOBS GENERATED Year
No. of Workers
2011
88,957
2010
88,450
Up by 0.57%
Key Performance Indicators
BIR & BOC Cash Remittances to National Government Collecting Agency
2011
2010
BIR
PhP 1,106,889,030.79
PhP 1,706,288,635.14
BOC
PhP 6,053,353,210.12
PhP 4,973,793,844.44
PhP 7,160,242,241.00
PhP 6,680,082,480.00
TOTAL
The Problems We Face
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Huge financial losses Gross Revenues vs. Net Income 3,000,000,000.00
2,000,000,000.00
1,000,000,000.00
Gross Revenue
0.00
Net Profit / Loss
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
(1,000,000,000.00)
(2,000,000,000.00)
(3,000,000,000.00)
TOTAL CUMULATIVE LOSS: PhP 7 Billion O
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Low lease rates
Lack of land for new investors Land Resource
No. of Hectares
% of Total
Total Land Area
67,452 ha.
100.00
Less: Protected Areas Undevelopable Areas Leaseable Areas
53,852 ha. 10,341 ha. 2,959 ha.
79.84 15.33 04.39
300 ha.
0.44%
Leasable areas available for new investors
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Under-utilized Airport
SBIA Comparative Revenue vs Expenditure [2005-2011] (in PhP thousand)
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Net Cash Flow after Debt Servicing
Year
Annual Revenue
2005
255,187
59,763
30,306
2006
219,035
57,451
2,468
2007
193,948
53,848
-11,386
2008
176,410
52,234
-30,311
2009
126,434
44,072
-74,070
2010
31,368
32,003
-154,969
2011
36,571
37,128
-151,797
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Annual Expenditure
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Under-utilized Container Terminal 1
CONTAINERIZED CARGO VOLUME (in TEUs) Year
Total Cargo Volume
2007
24,958
2008
21,184
-15.12%
7.06%
2009
21,906
3.41%
7.30%
2010
25,661
17.14%
8.55%
2011
27,671
7.84%
9.22%
Total Capacity
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Capacity Utilized
8.32%
Average Annual Volume (2007-2011)
300,000 TEUs
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Growth Rate
Unutilized Capacity
24,275.90 TEUs 275,724.10 TEUs (8% of total capacity) (92% of total capacity)
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Five-year Strategic Plan 2012-2016
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Develop Tourism Niche Markets Operation Facelift Development focus Theme Park Capital of the Philippines Top Sports Tourism Destination Cruise Ship Destination Eco Tourism Activities
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Promote Maritime Businesses
DOTC’s support
to attract maritime logistics players to do business in the Port of Subic
Build container volume by matching business interests of major Luzon shippers & shipping lines
Maximize Vale ore transhipment project Develop Subic as homebase for Super Yachts Increase repair & maintenance facilities for boats & ships
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Develop Housing
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Development of various residential types for specific markets: • High-end residences • Middle class housing • Workers’ dormitories
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Rationalize Industrial & Commercial Leases
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Shift from landlord to developer • Development of unutilized & idle properties Focus on high-value industrial & commercial leases Provide environment for investors to become competitive & successful • Improved ease of doing business • Competitive cost of doing business
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Conversion of SBIA into an Integrated Familyoriented Tourist Destination
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Good Governance Platform
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Principles of good governance
Openness & Transparency
Accountability
GOOD GOVERNANCE
Stewardship
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Integrity
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Good Governance Initiatives
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Adopted new By-laws & Code of Ethics
Created board committees such as: 1.
GOVERNANCE
2.
FINANCE
3.
AUDIT & RISK
4.
CORPORATE COMMUNICATIONS
5.
SIGNATURE PROJECTS
Reviewed & audited all existing problematic contracts
Conducted Social Acceptability Process among all concerned stakeholders for coal power plant
Acted on COA’s Turnover Audit recommendations
Restructuring loans to meet SBMA’s financial obligations
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Let the lessons of the past and the opportunities of today help us realize the vision of the New Subic that we dream of...