Investor Relations
From its flagship development Rockwell Center Makati, Rockwell continues to expand its footprint across the country, creating premium mixed-use communities that integrate residences, commercial spaces and offices to deliver distinct lifestyles while ensuring sustainable growth and value for investors.
ROCKWELL LAND CORP.
As of January 1, 1970
ROCKWELL LAND CORP. ()
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Investor Relations
Listed in the Philippine Stock Exchange on May 11, 2012, Rockwell Land Corporation provides access to all relevant information that pertains to corporate governance, investor relations, financial and operational highlights and more.
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 RCBC Stock Transfer.
Internal Communications are done through:
While external communications are through:
1) Describe Rockwell’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
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.
ROCKWELL LAND CORPORATION
Total Outstanding Shares
| Number of Listed Common Shares | 6,116,762,198 |
| Number of Treasury Shares | 2,750,000,000 |
Exchange Where Listed
ROCKWELL LAND CORPORATION
Rockwell Land Corporation is listed with the Philippine Stock Exchange
ROCKWELL LAND CORPORATION
Shareholding Structure as of March 31, 2021
| Common Shares ( | |
| Number of Listed Common Shares | 6,243,382,344 |
| Number of Treasury Shares | 126,620,146 |
| Number of Outstanding Shares | 6,116,762,198 |
| First Philippine Holdings Corporation (FPH) | 5,296,015,375 |
| Public | 820,746,823 |
| Preferred Shares ( | |
| Number of Outstanding Shares | 2,750,000,000 |
| First Philippine Holdings Corporation (FPH) | 2,750,000,000 |
Financial and Operating Highlights
Rockwell Land publicizes Management Discussion and Analysis of Financial Condition and Results of Operation on a regular basis.
RESULTS OF OPERATIONS:
For the nine months ended 30 September 2023 and 2022
Rockwell Land Corporation (“the Group”) registered Php13,325 million in consolidated revenues, higher by 6% from last year’s Php12,471 million. Residential development accounted for 78% of the total revenues in 2023, higher than last year’s 72%.
Total EBITDA reached Php5,288 million, higher than last year’s Php4,261 million driven by higher EBITDA from residential development. Overall EBITDA margin registered at 40% of total revenues, higher than last year’s 34%. The total revenues used as basis for the EBITDA margin excludes gross revenues from the joint venture with Meralco, T.G.N Realty Corporation and International Pharmaceuticals, Inc. as these are reported separately under “Share in Net Losses (Income) in JV”. Share in net income in the joint venture contributes 6% to the Company’s total EBITDA.
Residential development and commercial development contributed 62% and 38% to the total EBITDA, respectively.
Consolidated net income after tax registered at Php2,739 million, higher than last year’s Php2,194 million. NIAT to Parent for the nine months is Php2,523 million, 26% higher from same period last year of Php2,000 million.
Business Segments
Residential Development generated Php10,427 million, contributing 78% of the total revenues for the period. Bulk of the revenues came from the sale of real estate, including accretion from interest income.
EBITDA from this segment amounted to Php3,264 million, 66% higher than the same period last year at Php1,970 million mainly attributable to projects with higher construction progress.
Commercial Development revenues amounted to Php2,898 million, 17% lower than 2022’s Php3,495 million primarily due to prior year recognition of One Proscenium unit sale. This segment contributed 22% to total revenues excluding the share in the joint venture with Meralco for the Rockwell Business Center in Ortigas, Pasig City.
Retail Operations which include retail leasing, interest income and other mall revenues generated revenues of Php1,767 million, 30% higher than last year’s Php1,362 million due to improved average rental and occupancy rate. Office Operations generated Php958 million which is equivalent to 7% of the total revenues. Office operations include office leasing, sale of office units and other office revenues.
Hotel Operations, contributed 1% of the total revenues. Its revenues amounted to Php173 million and costs and expenses at Php114 million. Resulting EBITDA is at Php59 million.
The segment’s EBITDA amounted to Php2,024 million, 12% lower from the same period last year due to prior year recognition from One Proscenium unit sale. This includes the share in net income in the joint venture amounting to Php304 million, contributing 15% to the segment’s EBITDA.
Costs and Expenses
Cost of real estate and selling amounted to Php7,322 million. The cost of real estate and selling to total revenue ratio is at 55%, lower than last year’s 62% due to higher lease income and higher interest income accretion from new launches.
General and administrative expenses (G&A) amounted to Php1,634 million, 17% higher than last year mainly due to higher hotel and cinema direct costs from improved operations, higher manpower related costs and higher taxes and fees.
Interest Expense amounted to Php1,155 million, higher by 28% than last year’s Php902 million. The increase was mainly due to higher average loan balance and interest rate.
Share in Net Income (Losses) in JV and associates realized share in net income of JV and associate amounted to Php320 million, higher than last year’s Php297 million. The 8% growth from last year is mainly due to RBC-Ortigas higher rental rate. At its 70% share, the Company generated total revenues of Php443 million and share in net income of Php304 million. The share in net income is reported net of taxes and represents the Company’s share in the operations generated by RBC.
Project and capital expenditures
The Group spent a total of Php11.5 billion (gross of VAT) for project and capital expenditures for the nine months of 2023. Bulk of the expenditures pertained to land acquisitions and development costs, mainly that of The Arton, Mactan and Nara Residences. These were funded mainly by internally generated funds.
Financial Condition
The Group’s total assets as of September 30, 2023 amounted to Php74.1 billion, slightly higher from 2022’s year-end amount of Php69.7 billion. On the other hand, total liabilities amounted to Php42.2 billion, higher from 2022’s year-end amount of Php42.1 billion. The increase in total assets were mainly from cash and cash equivalents and other current assets.
Current ratio as of September 30, 2023 increased to 3.73x from 3.16x as of end 2022. Net debt to equity ratio is at 0.67x as of September 30, 2023, lower compared to 2022’s year-end ratio of 0.78x.
Causes for any material changes (+/- 5% or more) in the financial statements
Statement of Comprehensive Income Items – Nine Months 2023 vs. Nine Months 2022
41% increase in Interest Income
Due to recognition from new launches, Edades West and Rockwell Center in Bacolod.
22% increase in Lease Income
Due to higher average rental rates of retail and office segment.
28% increase in Other Revenues
Mainly driven by improved performance of Aruga serviced apartments, Rockwell Club and Cinema.
7% decrease in Cost of Real estate
Primarily due to lower cost incurred of Proscenium and Rockwell South.
17% increase in General and Administrative Expenses
Due to higher manpower costs, fees and taxes, and improved operations from hotel and cinema.
14% increase in Selling Expenses
Due to higher marketing expenses for Edades West and Rockwell Center in Bacolod.
28% increase in Interest Expense
Primarily due to higher average loan balance and average interest rate.
8% increase in Share in Net Income of JV
Due to higher revenues from higher average rental rates of RBC Ortigas.
Statement of Financial Position items – September 30, 2023 vs. December 31, 2022
46% increase in Cash and Cash Equivalents
Primarily due to loan drawdown and collection of receivables.
18% increase in Real estate inventories
Due to land acquisitions.
14% increase in Advances to Contractors
Primarily due to additional advances for Mactan and Arton properties.
30% increase in Other Current Assets
Due to initial collections for projects placed in escrow accounts.
18% increase in Property and Equipment – net
Mainly due to transfer of Edades Aruga Apartments from real estate inventories.
76% increase in Deferred tax assets
Due to net operating loss from subsidiaries.
15% decrease in Trade and other payables
Due to land acquisition and accrued expenses payments.
6% increase in interest-bearing loans and borrowings
Due to new loan availment.
82% decrease in Pension Liability
Due to funding of pension fund contribution for the year.
8% increase in Lease liability
Due to increase in rent accrual for RBC Sheridan.
11% increase in Deposit and Other Liabilities
Due to higher deposits from pre-selling from Edades West and RCB Bel-Air.
104% increase in Attributable to Non-Controlling Interest
Due to consolidation of RGDC with 40% minority share.
Key Performance Indicators
| As indicated | For the nine months ended September 30 | |
| 2023 | 2022 | |
| ROA (*) | 5.1% | 4.5% |
| ROE (*) | 12.3% | 10.9% |
| As of September 30, 2023 | As of September 30, 2022 | |
| Current ratio (x) | 3.73 | 3.47 |
| Debt to equity ratio (x) | 0.83 | 0.87 |
| Net debt to equity Ratio (x) | 0.67 | 0.74 |
| Asset to equity ratio (x) | 2.33 | 2.34 |
| Interest coverage ratio (x) | 4.89 | 5.30 |
Notes:
(1) ROA [Net Income/Average Total Assets]
(2) ROE [Net Income/ Average Total Equity]
(3) Current ratio [Current assets/Current liabilities]
(4) Debt to equity ratio [Total interest bearing debt / Total Equity]
(5) Net debt to equity ratio [(Total Interest bearing debt)-(Cash and cash equivalents) / Total Equity]
(6) Asset to equity ratio [Total Assets/Total Equity]
(7) Interest coverage ratio [EBITDA/Interest Payments]
* ROA and ROE are annualized figures
ROA and ROE are slightly higher vs 2022 at 5.1% and 12.3% mainly from higher net income.
Current ratio increased to 3.73x from 3.47x due to lower current liabilities mainly from trade and other payables.
Debt to equity ratio decreased to 0.83x from 0.87x. Net debt to equity ratio decreased to 0.67x from 0.74x, due to higher cash and cash equivalents.
Asset to equity ratio is flat at 2.33x as of this quarter.
Company Disclosures
Rockwell Land’s Company Disclosure helps in creating an open and transparent relationship with its investors. The disclosure includes information statements, annual and quarterly reports, ownership reports and other relevant documents.
INFORMATION STATEMENTS (SEC FORM 20-IS)
ANNUAL & QUARTERLY REPORTS (SEC FORMS 17-A AND 17-Q)
REPORTS ON OWNERSHIP
REPORTS ON SHAREHOLDERS
CORPORATE GOVERNANCE
OTHER FILINGS
BOND PROSPECTUS
| November 27, 2013 | ROCK Bonds Final Prospectus 27Nov2013 |
| October 22, 2013 | ROCK Bonds Preliminary Prospectus 22Oct2013 |
| September 23, 2013 | ROCK FS and Supplementary Schedules for Bond Offering 23Sep2013 |
| September 23, 2013 | SEC 12-1 Registration Statement and ROCK Bonds Draft Prospectus 23Sep2013 |
REPORT ON NUMBER OF SHAREHOLDERS
GENERAL OR SPECIAL STOCKHOLDER’S MEETING
| April 29, 2021 | ROCK 17-C Postponement of ASM to June 30, 2021 |
| March 29, 2021 | ROCK 17-C Record Date and Agenda for ASM 2021 |
| April 8, 2020 | [Amended-1] Postponement of Annual Stockholders’ Meeting |
| April 6, 2020 | Postponement of Annual Stockholders’ Meeting |
| March 13, 2019 | ROCK 17-C Record Date and Agenda for ASM 2019 |
| May 30, 2018 | ROCK 17-C ASM Org Meeting & Press Release |
| June 01, 2017 | ASM Draft Minutes of the Meeting 31 May 2017 |
| April 05, 2017 | ROCK List of SH Record Date 31Mar2017 |
| June 02, 2016 | ROCK ASM5.2016 Draft Minutes of the Meeting |
| April 26, 2016 | ROCK List of SH Record Date 20Apr2016 |
| October 12, 2015 | ROCK List of SH as of Record Date 27Mar2015 |
| April 22, 2014 | ROCK List of SH for ASM as of Record Date 14Apr2014 |
| May 29, 2013 | Minutes of the Annual Stockholder’s Meeting 2013 |
| April 03, 2013 | ROCK List of SH for ASM as of Record Date 25Mar2013 |
| August 03, 2012 | Minutes of the Annual Stockholder’s Meeting 2012 |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES (23-A AND 23-B)
MINUTES OF MEETINGS
General Information Sheet
| February 2, 2022 | AMENDED – ROCK – GIS 2021 |
| October 28, 2020 | ROCK – GIS 2020 |
| July 1, 2019 | ROCK GIS – 2019 |
| June 29, 2018 | GIS-2018 SEC received |
| April 20, 2017 | ROCK Amended GIS 2016 |
| June 26, 2015 | ROCK GIS-2015 |
| November 26, 2014 | Amended GIS 2014 |
| September 15, 2014 | Amended GIS 2014 |
Annual Stockholders’ Meeting and Reports
EVENTS
Rockwell Land Philippines regularly makes stockholders’ events and reports open for the public. This information includes its event dates, venues and the presentations used for these events.
PRESENTATION
Group Corporate Structure
Organizational Chart
Rockwell Land’s organizational chart depicts the internal structure of the organization and how their respective departments relate and work with each other.
Board of Directors
Rockwell Land Corp’s Board of Directors is composed of experienced professionals of diverse backgrounds who have proven their proficiency for success.
NESTOR J. PADILLA
CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER
Succeeding Ambassador Manuel Lopez in 2023, Mr. Padilla is currently the Chairman of the Board of Rockwell Land Corporation. He is also the Chief Executive Officer, a position he has held since 1995. Mr. Padilla serves as a Director of the First Philippine Realty Corporation and First Batangas Hotel Corporation. Previously, Mr. Padilla has served as a Director of the Rockwell Club and Trustee of the Rockwell Residential Towers Condominium Corporation. Before he assumed a leadership role in Rockwell Land, he held the position of Chief Executive Officer in Lippo Land in Indonesia while also being the Executive Director of Indo Ayala Leasing.
VALERIE JANE L. SOLIVEN
PRESIDENT AND CHIEF OPERATING OFFICER
Succeeding Mr. Nestor Padilla, Ms. Soliven was appointed as President and Chief Operating Officer in 2023. She is highly regarded as a coach and mentor of many Senior Executives as she led at the forefront of the Residential Development Team as Executive Vice President and Chief Revenue Officer. Ms. Soliven is an integral part of Rockwell Land’s growth from its flagship community in Makati City to its continued expansion to different cities and provinces in the Philippines. She holds a Bachelor of Science Degree in Hotel and Restaurant Administration from the University of the Philippines, and has completed the Leadership Excellence through Awareness and Practice Program in INSEAD Singapore.
FEDERICO R. LOPEZ
VICE CHAIRMAN
Mr. Lopez is the Vice-Chairman of Rockwell Land since August 2012. He is also the Chairman and Chief Executive Officer of FPH, First Gen Corporation , Energy Development Corporation and First Gas Power Corporation. He is also Chairman of the Board of First Balfour, First Philippine Industrial Park, Inc. and First Philippine Realty Corporation, among others. He is also a Director of ABS-CBN Corporation. He is a member of the following organizations: Makati Business Club, Management Association of the Philippines, Philippine Chamber of Commerce and Industry, Membership Chairman, World President’s Organization, Asia Business Council and New York Philharmonic International Advisory Board. He is Chairman of the Board of Trustees of the Oscar M. Lopez Center for Climate Change Adaptation and Disaster Risk Management Foundation (OML Center) and the Sikat Solar Challenge Foundation. He is also a Trustee of the Philippine Tropical Forest Conservation Foundation, the World Wildlife Fund Philippines, and the Philippine Disasters Recovery Foundation. Mr. Lopez graduated with a Bachelor of Arts Degree with a Double Major in Economics & International Relations (Cum Laude) from the University of Pennsylvania in 1983.
MIGUEL ERNESTO L. LOPEZ
DIRECTOR & TREASURER
Mr. Lopez has been a Director and Treasurer of Rockwell Land since 2009. He started serving Rockwell Land as Senior Vice President since 2012. He was the Senior Vice President and General Manager of Rockwell Integrated Property Services, Inc. (RIPSI) since 2012 until he started heading Office Development of Rockwell Land in June 2016. He is currently the Senior Vice President and Head of Corporate Affairs of Lopez Holdings Corporation. He is also a Director of Philippine Commercial Capital, Inc. (PCCI), PCCI Securities Brokers, Inc., Rockwell Leisure Club, Inc. and Rockwell Center Association, Inc. He is a member of the Board of Trustees of Eugenio Lopez Foundation, Inc. and an advisor to the Lopez Group Foundation Inc. He was previously part of the Board of Directors for Indra, Outsourced Telleserve Corporation and Meralco Millenium Foundation, Inc.. He held several executive and management positions at Meralco from 2002-2010. 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.
JOSE VALENTIN PANTANGCO JR.
DIRECTOR
Mr. Jose Valentin A. Pantangco, Jr. was appointed as Vice President and Head of Corporate Planning last October 2016 of First Philippine Holdings Corporation. He was appointed as Director of Rockwell Land Corporation in May 2018. He is concurrently Chief Commercial Officer of the First Philippine Industrial Park. He also serves as a Director of First Balfour, Inc., First Philippine Industrial Park, First Philec Inc., and First Philippine Realty Corporation.
He was Managing Director for Consultancy and Business Development of Changi Airports International from 2007 until 2016. From 2004 to 2006 he was Senior Associate at McKinsey and Company. He obtained his MBA from Harvard Business School (2004) and his undergraduate degree from the Ateneo de Manila University (1994). He serves on the Board of the Ateneo Alumni Association. He is also a trustee of both the Beacon International School Foundation and The Beacon Academy.
FRANCIS GILES B. PUNO
DIRECTOR
Mr. Puno has been a Director of Rockwell Land since 2013. He was appointed Chief Finance Officer and Treasurer of FPH in October 2007 and was promoted to Executive Vice-President in September 2011. He is currently the President and COO of FPH and First Gen Corporation. He is also a director in the various subsidiaries and affiliates of FPH and First Gen including, among others, Energy Development Corporation, First Balfour Inc., First Philippine Electric Corporation and First Philippine Industrial Park, Inc. Before joining FPHC, he worked with The Chase Manhattan Bank as Vice President for Global Power and Environment Group. He has a Bachelor of Science degree in Business Management from the Ateneo de Manila University and a Master in Business Administration degree from Northwestern University’s Kellogg Graduate School of Management in Chicago, Illinois.
BENJAMIN ERNESTO R. LOPEZ
DIRECTOR
Benjamin R. Lopez is Vice President of First Philippine Holdings Corporation (FPH), a publicly listed company. He was seconded to FPH’s property development subsidiary, Rockwell Land Corporation, from 1993 to 2004, where he held various management positions. He is a member of the board of directors of First Balfour, Inc. and other subsidiaries of the FPH group. He is concurrently Senior Executive Vice President of Lopez, Inc. and was appointed as INAEC Aviation Corp President in July 2007. In 2018, he was appointed as Chairman of the Philippine Chapter of the Asian Business Aviation Association, a regional non-profit association. He is also a trustee of various foundations focused on education, the arts, and population and development issues. He has a Bachelor of Arts degree in International Affairs with a concentration in economics from the George Washington University, Washington D.C. (1992) and an Executive Masters in Business Administration from the Asian Institute of Management (2001).
MONICO V. JACOB
INDEPENDENT DIRECTOR
Mr. Jacob was elected as an independent director of Rockwell Land on April 6, 2016. He has been an independent director of Lopez Holdings Corporation (publicly listed) since 2013. He is currently the Chairman of Total Consolidated Asset Management and Philippine Life Financial Assurance, Inc. (PhilLife). He is the President of Maestro Holdings, Inc. (formerly STI Investments, Inc) which owns Philplans First, Inc. and Philhealthcare, Inc., where he is also a Director. He is the President and CEO of STI Education Systems Holdings, Inc. (publicly listed), STI Education Services Group, Inc. He is a director of Jollibee Foods Corp. (publicly listed), of Asian Terminals, Inc. (publicly listed), of 2GO Group, Inc. (publicly listed), and of Phoenix Petroleum Philippines, Inc. (publicly listed). Prior to his current positions, he was Chairman and CEO of Petron Corporation and Philippine National Oil Company (PNOC), was a General Manager of National Housing Authority (NHA) and also became a CEO of the Home Development Mutual Fund, popularly known as the PAG-IBIG Fund. He also became Chairman of Meralco Financial Services Corporation and Director of Meralco Industrial Engineering Services Corporation and Clark Electric Distribution Corp. He received his Bachelor of Laws degree from the Ateneo de Manila University in 1971.
OSCAR J. HILADO
INDEPENDENT DIRECTOR
Mr. Hilado has been an Independent Director of Rockwell Land since 2015. He is also an independent director of FPH since 1996. He is the Chairman of the Philippine Investment Management (PHINMA), Inc., other Phinma Corporations and Union Galvasteel Corporation. He is currently Chairman of the Board and Chairman of the Executive Committee of Phinma Corporation, Vice Chairman of Trans Asia Power Generation Corp.; Chairman of Trans-Asia Petroleum Corporation. He graduated with Highest Honors and with a Gold Medal for General Excellence and a Bachelor of Science in Commerce Degree from De La Salle College (Bacolod). He pursued his Degree of Masters in Business Administration at the Harvard Graduate School of Business Administration from 1960-1962. Mr. Hilado is a Certified Public Accountant. He has been part of the Lopez Group in a directorship capacity within the last five (5) years. Mr. Hilado is likewise an independent director of A. Soriano Corporation and Philex Mining Corporation. He is also a Director of Smart Communications, Inc., Digital Telecommunications Phils., Inc. (Digitel), Asian Eye Institute, Manila Cordage Company, United Pulp and Paper Company, Inc., Seven Seas Resorts & Leisure, Inc., Microtel Inns & Suites (Pilipinas) Inc., Beacon Property Ventures, Inc; and Roxas Holdings, Inc.
ATTY. ENRIQUE I. QUIASON
CORPORATE SECRETARY
Mr. Quiason has been the Corporate Secretary at Rockwell Land since 1995. He is a Senior Partner of the Quiason Makalintal Barot Torres Ibarra Sison & Damaso Law Firm. He is also the Corporate Secretary of FPH, Lopez Holdings and ABS-CBN and various subsidiaries and affiliates of FPH and Lopez Holdings. Mr. Quiason, a Member of the Integrated Bar of the Philippines, graduated with a B.S. Business Economics (Cum Laude) degree in 1981 and with a Bachelor of Laws degree in 1985 from the University of the Philippines. He received his LL.M. in Securities Regulation from Georgetown University in 1991.
Atty. Carol Pinoy
ASSISTANT CORPORATE SECRETARY AND VICE PRESIDENT / HEAD OF LEGAL AND CHIEF DATA PRIVACY COMPLIANCE OFFICER
Ms. Pinoy is currently the Vice President and Head of Legal at Rockwell Land. She is a licensed lawyer with a Bachelor of Laws from San Beda College of Law, and a Bachelor of Arts Degree in English Language from the University of the Philippines. Ms. Pinoy also acts as the company’s Assistant Corporate Secretary and Data Privacy Compliance Officer.
MANUEL L. LOPEZ, JR.
BOARD ADVISOR
Mr. Lopez was elected as an Advisor to the Board since June, 2017 and has been a Director at Rockwell Land from 2011 to 2017. He is currently the President of Rockwell Leisure Club, Inc., which he was a Board Member since 2016. He serves as a Director of Lopez Inc., Philippine Trade Foundation, Inc., Stargate Media, and Philippine Commercial Capital, Inc. (PCCI). He is also presently the Executive Vice President of Benpres Insurance Agency, Inc. He has served as a Director of ABS-CBN Broadcasting Corporation, Central CATV,Inc. (Sky Cable), Pilipino Cable Corporation, and Call Center Association of the Philippines (CCAP), among others. He was previously the Chairman and CEO of PacificHub Corporation for 10 years, Mr. Lopez holds a Bachelor of Science degree in Business Administration from De La Salle University.
Board Committee
Rockwell Land’s Board Committees are experienced professionals of diverse backgrounds who have proven their proficiency for success
AUDIT COMMITTEE
Monico V. Jacob* – Chairman
Oscar J. Hilado* – Member
Francis Giles B. Puno – Member
RISK OVERSIGHT COMMITTEE
Emmanuel S. de Dios* – Chairman
Oscar J. Hilado* – Member
Monico V. Jacob* – Member
Benjamin R. Lopez – Member
Jose Valentin A. Pantangco Jr. – Member
RELATED PARTY TRANSACTIONS COMMITTEE:
Oscar J. Hilado* – Chairman
Monico V. Jacob* – Member
Emmanuel S. de Dios* – Member
Federico R. Lopez – Member
Miguel Ernesto L. Lopez – Member
CORPORATE GOVERNANCE COMMITTEE:
Oscar J. Hilado* – Chairman
Monico V. Jacob* – Member
Emmanuel S. de Dios* – Member
Nestor J. Padilla – Member
Miguel Ernesto L. Lopez – Member
Roberta L. Feliciano – Member
*Independent Director
Management
Rockwell Land’s management team is composed of experienced professionals with diverse backgrounds who have proven their proficiency for success.
VALERIE JANE L. SOLIVEN
PRESIDENT AND CHIEF OPERATING OFFICER
Succeeding Mr. Nestor Padilla, Ms. Soliven was appointed as President and Chief Operating Officer in 2023. She is highly regarded as a coach and mentor of many Senior Executives as she led at the forefront of the Residential Development Team as Executive Vice President and Chief Revenue Officer. Ms. Soliven is an integral part of Rockwell Land’s growth from its flagship community in Makati City to its continued expansion to different cities and provinces in the Philippines. She holds a Bachelor of Science Degree in Hotel and Restaurant Administration from the University of the Philippines, and has completed the Leadership Excellence through Awareness and Practice Program in INSEAD Singapore.
ELLEN V. ALMODIEL
EXECUTIVE VICE PRESIDENT, CHIEF FINANCE OFFICER, AND CHIEF COMPLIANCE OFFICER
Ms. Almodiel currently holds the position of Executive Vice President for Corporate Planning and Finance, as well as the positions of Chief Compliance Officer and Chief Finance Officer. Ms. Almodiel’s flourishing career at Rockwell Land began as a Finance Manager, when she first joined the company in 1994. Prior to Rockwell, she was a Finance Manager at NextStage and a Financial Analyst, later promoted to Assistant to the Group Chief Officer, at the Alcantara Group of Companies. Ms. Almodiel is a Certified Public Accountant and a cum laude graduate of the University of the Philippines, where she earned her Bachelor of Science degree in Business Administration and Accountancy.
MIGUEL L. LOPEZ
TREASURER AND SENIOR VICE PRESIDENT, OFFICE DEVELOPMENT
Mr. Lopez is currently the Senior Vice President for Office Commercial Development and Treasurer of Rockwell Land. He is also the Vice President and Head of Corporate Affairs of Lopez Holdings Corporation. Apart from his roles within Rockwell, Mr. Lopez has also served as a Director of Lopez Inc., MESALA, Meralco Industrial Engineering Services Corporation, CIS Bayad Center, Inc., and Outsourced Teleserve Corporation, among others. He holds a Bachelor of Science Degree in Business Administration from Menlo College of California, and completed the Executive Development Program of the Asian Institute of Management.
DAVY T. TAN
EXECUTIVE VICE PRESIDENT, PROJECT AND BUSINESS DEVELOPMENT
Mr. Tan is currently the Senior Vice President for Project and Business Development at Rockwell Land. He is on top of the company’s continuous expansion beyond Metro Manila such as Pampanga, Batangas, Cebu, and Bacolod. Prior to joining the company, Mr. Tan has served as a Proof and Control Officer of the Festival Supermarket, and later as Finance Analyst at Filinvest Alabang Inc., a subsidiary of Filinvest Development Corporation. Mr. Tan then began his career with Rockwell as a Financial Analyst and Budget Manager in 2007. As a Certified Public Accountant, he has also served as an Accounting Officer at D.M. Consunji, Inc. and Junior Auditor at Punongbayan and Araullo.
MA. LOURDES L. PINEDA
SENIOR VICE PRESIDENT, ROCKWELL BACOLOD
Ms. Pineda is currently the Senior Vice President for Rockwell Bacolod. She was previously appointed as Vice President of Retail, serving as General Manager of the Power Plant Mall and other retail developments. Prior to joining Rockwell Land, she worked at Jewelmer International, a company that specializes in creating exquisite jewelry with French-Filipino heritage. Ms. Pineda has also completed a Management Development Program at the Asian Institute of Management in 2006.
ESTELA Y. DASMARIÑAS
SENIOR VICE PRESIDENT, HUMAN RESOURCES
Ms. Dasmariñas is currently the Senior Vice President for Human Resources at Rockwell Land. 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 was also a Manager for Human Resources of Mitsubishi Motor Corporation Philippines, Inc. She holds a Bachelor of Science Degree in Political Science and a Master of Arts Degree in Industrial Relations specializing in Human Resource, both taken from the University of the Philippines.
MANUEL L. LOPEZ, JR.
PRESIDENT, ROCKWELL LEISURE CLUB, INC, AND ADVISER TO THE BOARD OF DIRECTORS
Mr. Lopez, Jr. is currently the President of the Rockwell Leisure Club, Inc. and is a Member of the Board of Advisors of Rockwell Land. He is the Chairman and CEO of Global Integrated Contact Facilities Inc.(GICF) and SLASHdotPH, while also serving as a Director of Philippine Trade Foundation, Inc. Additionally, Mr. Lopez Jr. serves as a Member of the Board of Directors of First Gen Corporation and is a professional member of the International Association of Outsourcing Professionals (IAOP).
CHRISTINE T. COQUEIRO
VICE PRESIDENT, RETAIL DEVELOPMENT
Ms. Coqueiro is currently the Vice President for Retail Development at Rockwell Land, heading overall retail operations of Makati’s most fashionable address, Power Plant Mall, and Rockwell’s Greater Retail locations in Metro Manila and beyond. She is a member of the International Council of Shopping Centers and Philippine Retailers Association. Ms. Coqueiro finished her Bachelor of Science degree in Business Administration Major in Business Management at De La Salle – College of Saint Benilde.
JESSE S. TAN
VICE PRESIDENT, OFFICE DEVELOPMENT
Mr. Tan is currently the Vice President for Office Commercial Development at Rockwell Land, and serves as the lead of the Rockwell Land Sustainability Team. A Certified Public Accountant, Mr. Tan joined the company in 2006 as a Finance and Accounting Supervisor, rising the ranks to Assistant Vice President. Prior to working at Rockwell Land, he was an Audit Supervisor in Isla Lipana & Co.
ANGELA MARIE B. PAGULAYAN
VICE PRESIDENT, PROPERTY MANAGEMENT
Ms. Pagulayan is currently the Vice President for Property Management at Rockwell Land. She also served as the Vice President for Hotel and Leisure. Prior to these appointments, Ms. Pagulayan has held various positions in Sales and Marketing, Retail, the Rockwell Club, and Residential Leasing in the company.
ALEXIS NIKOLAI S. DIESMOS
VICE PRESIDENT, PROJECT DEVELOPMENT
Mr. Diesmos is currently in-charge of supervising Project and Construction Management as the Vice President for Project Development at Rockwell Land. He is a certified Architect who obtained his Bachelor’s Degree in Architecture from the University of Santo Tomas. Apart from his current role, Mr. Diesmos has also been exposed to Mall Tenancy and Operations at Rockwell.
VIENN C. TIONGLICO-GUZMAN
VICE PRESIDENT AND PROJECT DIRECTOR, ROCKWELL CEBU
Ms. Tionglico-Guzman is currently the Vice President and Project Director of Rockwell Cebu. She holds a Master’s Degree in Political Economy specializing in International Relations and Development from the University of Asia and the Pacific, and a Masters Degree in Communication from Ateneo de Manila University. Ms. Tionglico-Guzman started her career in Rockwell as a Marketing Officer handling corporate communications, PR, and events, eventually shifting to Business Development. She was then assigned to manage Rockwell’s projects in Cebu, namely 32 Sanson by Rockwell in Lahug, Aruga Resort & Residences in Mactan, and soon, Rockwell’s first inner-city mixed-use development, IPI Center by Rockwell.
SAMANTHA JOYCE G. CASTILLO
VICE PRESIDENT, MARKETING AND RETAIL OPERATIONS
Ms. Castillo is currently the Vice President for Marketing at Rockwell Land. As head of the company’s Marketing teams, she manages the strategies and execution of 360 marketing programs for market growth and retention, customer experiences, and advertising, specifically for over 20 residential and retail projects. Having been with Rockwell since 2010, after graduating cum laude from the University of the Philippines Diliman, she has, since then, charted an extensive experience in Marketing, Corporate Communications and Retail Operations.
MA. FE CAROLYN G. PINOY
ASSISTANT CORPORATE SECRETARY AND VICE PRESIDENT / HEAD OF LEGAL AND CHIEF DATA PRIVACY COMPLIANCE OFFICER
Ms. Pinoy is currently the Vice President and Head of Legal at Rockwell Land. She is a licensed lawyer with a Bachelor of Laws from San Beda College of Law, and a Bachelor of Arts Degree in English Language from the University of the Philippines. Ms. Pinoy also acts as the company’s Assistant Corporate Secretary and Data Privacy Compliance Officer.
ROMEO G. DEL MUNDO JR.
ASSISTANT VICE PRESIDENT, INTERNAL AUDIT & CHIEF AUDIT OFFICER
Mr. Del Mundo is currently the Assistant Vice President for Internal Audit and Chief Audit Officer at Rockwell Land. Initially serving as a Finance Supervisor when he joined in 2007, Mr. Del Mundo has worked for esteemed organizations such as CitiBank N.A., UNILAB, First Metro Investment Corp., and SGV & Co. prior to joining Rockwell. A Certified Public Accountant, Mr. Del Mundo holds a Bachelor of Science degree in Commerce, majoring in Accountancy, from the University of Santo Tomas.
STELLA MAY A. FORTU
ASSISTANT VICE PRESIDENT, CORPORATE PLANNING AND RESEARCH AND CHIEF RISK OFFICER
Ms. Fortu is currently the Assistant Vice President for Corporate Planning and Research at Rockwell Land. She is a Certified Public Accountant and a Chartered Financial Analyst. She holds a Bachelor’s Degree in Business Administration and Accountancy at the University of the Philippines, wherein she graduated Cum Laude.
SHERRY ROSE I. LORENZO
ASSISTANT VICE PRESIDENT, FINANCE AND ACCOUNTING AND COMPTROLLER
Ms. Lorenzo is currently the Assistant Vice President for Finance and Accounting and was appointed Comptroller in 2022. Joining the company in 2007, she was assigned to various Finance and Accounting positions. Ms. Lorenzo graduated from the University of Santo Tomas with a Bachelor’s Degree in Accountancy, and is a Certified Public Accountant.
GERALDINE B. BRILLANTES
ASSISTANT VICE PRESIDENT AND GENERAL MANAGER, ROCKWELL LEISURE CLUB
Ms. Brillantes is currently the Assistant Vice President and General Manager of the Rockwell Club. Apart from her role at the Rockwell Club, she is also the Head of Operations for Property Management. Ms. Brillantes has been with the company since 2002 and was part of the pioneers of the company’s Handover Team.
KAREN CHAN-GO
VICE PRESIDENT, PROJECT DEVELOPMENT
Ms. Chan-Go is currently the Vice President of the Project Development Team, handling all Metro Manila projects. Specificially, she manages The Balmori Suites, The Arton, and 8 Benitez Suites developments as Project Manager. Ms. Chan-Go graduated from University of Santo Tomas with a Bachelor’s Degree in Civil Engineering and is a Licensed Civil and Structural Engineer.
VERGEL V. RAPE
VICE PRESIDENT, PROJECT DEVELOPMENT
Mr. Rape is currently the Vice President of Project Development Team. He leads the construction management of Rockwell’s provincial projects. Mr. Rape graduated from the Mapua Institute of Technology with a degree in Architecture.
ALBERTO M. LOBERES JR.
ASSISTANT VICE PRESIDENT, LEGAL
Mr. Loberes is currently the Assistant Vice President for the Legal Team, handling the regulatory compliance of the company’s various developments and projects. He graduated from the Polytechnic University of the Philippines with a Bachelor’s Degree in Mathematics and is a Licensed Real Esate Broker. Mr. Loberes additionally took further studies on Real Estate Laws and Regulations at the De La Salle – College of St. Benilde.
ROWENA U. DAVID
ASSISTANT VICE PRESIDENT, FINANCE AND ACCOUNTING
Ms. David is currently the Assistant Vice President for Finance and Accounting, with 22 years of experience in Credit and Collection. Apart from Credit and Collection, she is also handling General Procurement, Treasury Operations and Tax Compliance. Ms. David graduated from Pamantasan ng Lungsod ng Maynila with a Bachelor’s Degree in Accountancy.
ANTHONY A. MONSAYAC
ASSISTANT VICE PRESIDENT, DESIGN AND PLANNING
Mr. Monsayac is currently the Assistant Vice President for the Design and Planning Team, heading Electrical and Auxiliary Systems. With over thirty years of experience in Construction and Project Management, he is a polished veteran in the industry and has greatly contributed in maintaining seamless operations in Rockwell’s buildings. Mr. Monsayac is a registered Electrical Engineer and a Life Member of the Institute of Electrical Engineers of the Philippines.
MARCO N. VINLUAN
ASSISTANT VICE PRESIDENT AND PROJECT DIRECTOR, AFFORDABLE HOUSING
Mr. Vinluan is currently the Assistant Vice President and Project Director for the Affordable Housing team. Prior to his currenrt role, he has been assigned to different units in the company, serving roles in After Sales, Commercial Leasing, Cinema and Property Operations. Mr. Vinluan is a graduate of Communication Arts from the University of the Philippines Los Baños.
CHARMAINE JOYCE V. RODRIGUEZ
ASSISTANT VICE PRESIDENT, DESIGN AND PLANNING
Ms. Rodriguez is currently tjhe Assistant Vice President for the Design and Planning Team. She has 15 years of experience in the company, now focusing on Makati and South Luzon projects. Ms. Rodriguez graduated Cum Laude from the University of Santo Tomas with a Bachelor’s Degree in Architecture, and earned the 10th place in the 2008 Architecture Licensure Exam.
JOSEPHINE Z. HERRERA
ASSISTANT VICE PRESIDENT, PROPERTY MANAGEMENT
Ms. Herrera is currently the Assistant Vice President of the Property Management team. A graduate of Fine Arts major in Interior Design, she has 22 years of experience in property management, incuding outside Rockwell. A former General Manager of the West Block for 9 years, Ms. Herrera is currently the Head of Operations for Greater Rockwell properties, handling he Grove, 205 Santolan, Alvendia, 53 Benitez, The Arton, The Vantage and the Fordham Tower of East Bay Residences.
BYRON XERXES M. RIMAS
ASSISTANT VICE PRESIDENT, PROJECT DEVELOPMENT
Mr. Rimas is currently the Assistant of Project Development. He is managing several projects as Project Manager, including Edades West, Rockwell Performing Arts Theater and, Rockwell’s first horizontal development in Bulacan. Mr. Rimas, a Civil Engineer, has over 16 years of real estate high-rise construction and project management experience.
JEFFERSON R. CARONAN
ASSISTANT VICE PRESIDENT, PROJECT DEVELOPMENT
Mr. Caronan is currently the Assistant Vice President for the Project Development team, joining the company in 2008. An Architect and Master Plumber license holder, he graduated with a degree in Construction Management from the Technological Institute of the Philippines. Mr. Caronan has 19 years of experience with Design, Construction and Project Management.
STEPHANIE RINNA L. TIU
ASSISTANT VICE PRESIDENT AND PROJECT DIRECTOR, ROCKWELL AT NEPO CENTER
Ms. Tiu is currently the Assistant Vice President and Project Director of Rockwell at Nepo Center. Before taking on her current role, she held various positions in Business Development and Finance and Accoutning. A graduate of the Ateneo de Manila University, Ms.Tiu also holds a Master’s Degree in Business Management from the Purdue University Krannert School of Management.
RACHEL ANNE M. QUINTO
ASSISTANT VICE PRESIDENT AND PROJECT DIRECTOR, ROCKWELL PRIMARIES
Ms. Quinto is currenty the Assistant Vice President and Project Director of Rockwell Primaries. She has 16 years experience in project management, sales and business development. Ms. Quinto is a graduate of BS Marketing and AB Communication Arts from the De La Salle University Manila and is also a licensed real estate broker.
ELLA A. BONTUYAN
ASSISTANT VICE PRESIDENT, HUMAN RESOURCES
Ms. Bontuyan is currently the HR Business Partner for the Project Development team. She has more than 20 years of experience in various facets of HR such as talent acquisition, total rewards, and HR analytics in the IT, pharmaceutical and real estate industry. She graduated from the Ateneo de Manila University with a Bachelor’s Degree in Psychology.
MICHAEL ANGELO A. AUSTRIA
ASSISTANT VICE PRESIDENT, HUMAN RESOURCES
Mr. Austria is currently the Assistant Vice President for Talent Acquisition. He is a seasoned Human Resources Practitioner with 17 years solid experience in Real Estate. Apart from his role at the HR Team, he is also the Business Partner for Regional Operations. Mr. Austria graduated from the University of the Philippines – Manila with a Bachelor’s Degree in Behavioral Sciences, and a Certified Targeted Selection Interviewer, Facilitator, Program Manager and a recognized Coach and Mentor.
ESTELITO A. DELA CRUZ JR.
ASSISTANT VICE PRESIDENT, GENERAL SECURITY
Mr. Dela Cruz is currently the Assistant Vice President and Head of General Security. Joining the company in 2001, he has 28 years of security experience in industrial and corporate security. Mr. Dela Cruz is a registered criminologist, with advanced studies in criminal justice education from the De La Salle University – Dasmariñas. He is a Certified Protection Professional by ASIS International.
MARIA LUISA MONICA B. NAGUIAT
ASSISTANT VICE PRESIDENT, RESIDENTIAL SALES
Ms. Naguiat currently heads the sales team of The Arton, a post that she has held since 2019. She also spearheads the International Sales efforts of the company, with over 20 years of selling experience on both local and foreign markets. Ms. Naguiat has a Masters Degree from the Ateneo Graduate School of Business for Entrepreneurship.
MARILIE M. LOPEZ
ASSISTANT VICE PRESIDENT AND PROJECT DIRECTOR, ROCKWELL BACOLOD
Ms. Lopez is currently the Assistant Vice President and Project Director of Rockwell Bacolod. She heads the overall operations and strategic execution of development plans in Western Visayas. She joined the company as a fresh graduate in 2003 and worked on various Rockwell projects initially as a Sales Head. Ms. Lopez graduated from the University of St. La Salle with a Bachelor’s Degree in Marketing Management.
ANDRE A. LOPEZ
ASSISTANT VICE PRESIDENT, DESIGN AND PLANNING
Mr. Lopez is currently the Assistant Vice President of the Design and Planning team. He handles the company’s mechanical systems with 27 years of construction and engineering experience. A licensed Mechanical Engineer and an active member of the Pambansang Samahan ng Inhenyero Mekanikal (PSIM) – Makati Chapter, Mr. Lopez graduated from the De La Salle University.
GEMMA LYNNE M. ABAYON
ASSISTANT VICE PRESIDENT, INFORMATION SYSTEMS
Ms. Abayon is currently the Assistant Vice President for Information Systems. She has over 10 years of experience in systems implementation, spearheading several corporate digitalization initiatives. Ms. Abayon graduated from the Ateneo de Zamboanga University with a Bachelor’s Degree in Management Accounting.
TITIANA MARIE L. GOLEZ
ASSISTANT VICE PRESIDENT, RESIDENTIAL SALES
Ms. Golez is currently an Assistant Vice President of the Residential Development team and a Sales Head handling the High End Residential Sales. Handling sales for various High-end projects around the country and internationally, she is the Sales Head of the pioneering High-End Horizontal Development team. Ms. Golez graduated from the Ateneo De Manila University with a Bachelor’s Degree in Business Management, and is a Certified Real Estate Broker for over 10 years.
MARIANNE L. CORONEL
ASSISTANT VICE PRESIDENT, RESIDENTIAL SALES
Ms. Coronel is currently the Assitant Vice President for Residential Sales, serving as Sales Head for the High End Residential segment. She graduated from the De La Salle University with a Double Major in Communication Arts and Business Management and is a Certified Real Estate Broker.
BENNIE IRENE C. NAVARRO
ASSISTANT VICE PRESIDENT, HUMAN RESOURCES
Ms. Navarro is currently the Assistant Vice President of Human Resources, heading Total Rewards and HR Operations. She holds a degree in accountancy from Ateneo de Naga University and has 21 years of professional experience. Ms. Navarro’s career journey commenced as an external auditor before she transitioned into the HR realm, specializing in compensation and benefits within the financial institutions sector.
MARIA YSABEL LORENZA RUFINO-DE LEON
ASSISTANT VICE PRESIDENT, RESIDENTIAL SALES
Ms. Rufino-De Leon is currently the Sales Head of Rockwell Primaries and the newly-established Rockwell RFO team. She is a licensed broker with 14 invaluable years of sales experience. She is a Business Management degree holder who graduated with distinction from Ateneo De Manila.
BENJAMIN C. GANNOD
ASSISTANT VICE PRESIDENT, PROPERTY MANAGEMENT
Mr. Gannod is currently the Facilities Head for the Property Management team. With 27 years of experience in building construction and property management under his belt, he has fiercely reinforced the pristine quality of Rockwell’s buildings and facilities to uphold the company’s standard of excellence. An registered Electrical Engineer, Mr. Gannod graduated from Tarlac State University with a degree on Electrical Engineering.
NADINE ANGELA D. VILLANUEVA
ASSISTANT VICE PRESIDENT, HUMAN RESOURCES
Ms. Villanueva currently serves as the HR Business Partner for the Residential and Business Development teams. She has over 12 years of invaluable HR experience, encompassing acquisition, learning, and talent management. Her tenure in Rockwell also spans diverse business units, including residential, commercial, and support operations. Ms. Villanueva is a Cum Laude graduate of the University of the Philippines Diliman, with a degree in Broadcast Communication.
MARY ANTONETTE C. SISON
ASSISTANT VICE PRESIDENT, HUMAN RESOURCES
Ms. Sison is currently the HR Business Partner of the Rockwell Club, Finance, Corporate Planning, Legal, and Internal Audit teams. She graduated from Miriam College with a Bachelor’s Degree in International Studies, and completed her Masters in Business Administration at the De La Salle University. Prior to joining the Human Resources team, Ms. Sison had extensive experience in property management operations and retail leasing.
DOMINIC L. YANG
ASSISTANT VICE PRESIDENT, FINANCE AND ACCOUNTING
Mr. Yang is currently the Assistant Vice President for Finance and Accounting. He has been assigned to various positions in Finance and Accounting, Corporate Planning and Business Development. He is a Certified Public Accountant and graduated with a degree of Bachelor of Science in Accountancy at the De La Salle University.
CHRISTOPHER D. GECHA
ASSISTANT VICE PRESIDENT, PROJECT DEVELOPMENT
Mr. Gecha is currently the Assistant Vice-President of the Project Development Team, in-charge of multiple Cebu-based projects as Project Manager for Aruga Mactan Resort and Residences, Sillion at 32 Sanson, and IPI Rockwell Center – Lincoln. He graduated from the Central Colleges of the Philippines with a Bachelor’s Degree in Architecture, and is a Certified Licensed Architect by Profession. Mr. Gecha is also a Board of Director for the Rotary Club of Cebu.
REDELYN L. FLORES
ASSISTANT VICE PRESIDENT, COST AND PROCUREMENT
Ms. Flores is a homegrown Rockwell executive and the current Assistant Vice President of the Cost and Procurement for the Project Development team. Her 15 years of extensive experience catapulted her into becoming an expert in cost planning, procurement, and post-construction works. Ms. Flores graduated from the Mapua University in 2006 and is a Licensed Civil Engineer.
IMEE G. RAMOS
ASSISTANT VICE PRESIDENT, HUMAN RESOURCES
Ms. Ramos is currently the HR Business Partner of the Retail, Office Development and Property Management Teams. She graduated from the University of Santo Tomas with a Bachelor’s Degree in Psychology, also completing a Diploma in Human Capital Management from the School of Professional and Continuing Education, De La Salle-College of St. Benilde. Ms. Ramos has over 19 years of experience in HR specifically in the areas of HR business partnership, HR operations, rewards and talent acquisition.
CARLA PATRICIA B. ASCIO
ASSISTANT VICE PRESIDENT, DESIGN AND PLANNING
Ms. Ascio is the current Assistant Vice President for Project Development and the Design Manager for projects in Bacolod and Quezon City. After earning a Bachelor’s Degree in Architecture from the University of Santo Tomas, Ms. Ascio acquired her licensure in architecture and has garnered 23 years of prolific experience in residential and office developments to date.
JOCELYN S. BARLETA
ASSISTANT VICE PRESIDENT, RESIDENTIAL LEASING
Ms. Barleta is currently the Assistant Vice President for the Residential Leasing team. Apart from heading leasing, she also leads the Sales and Marketing team of Aruga Apartments, the hospitality arm of the company. Prior to joining Rockwell, Ms. Barleta was part of the pre-opening team of the Pan Pacific Hotel Manila, and later on joined the Hospitality Furniture Collection, a manufacturing firm based in the US.
JEFFREY M. TORRES
ASSISTANT VICE PRESIDENT, INFORMATION TECHNOLOGY
Mr. Torres is currently the Assistant Vice President for the Information Technology team. He holds a Bachelor’s Degree in Computer Science from Saint Louis University, Baguio.
MA. RICA S. GUILLEN
ASSISTANT VICE PRESIDENT, COST AND PROCUREMENT
Ms. Guillen is currently the Assistant Vice President of the Cost and Procurement team. She oversees both the Procurement and QS teams of the company. A graduate of Civil Engineering from the University of the Philippines Diliman,Ms. Guillen has a 27 years of experience in Quantity Surveying and Project Management.
Rockwell Land Corporation follows strict corporate governance policies, just like most successful companies. These policies, manuals and other relevant documentation is made open to the public, including their dates and actual documents.
Policies and Manuals
AMENDED BY LAWS
AMENDED MANUAL OF CORPORATE GOVERNANCE
MATERIAL RELATED PARTY TRANSACTIONS POLICY
Whistle-Blowing Policy
Corporate Social Responsibility
In its pursuit of corporate social responsibility, Rockwell Land Corporation regularly holds events and outreaches that help alleviate the lives and situations of the marginalized sector.
MEDICAL MISSION 2017
December 2 and 9, 2017
The 2nd Annual Rockwell Medical Mission took place on December 2 and 9, 2017. The mission was simultaneously run in Makati, San Juan, Quezon City, Mandaluyong, Las Piñas, and Pasig. Rockwell volunteers helped with treatment, free consultations, and the distribution of free medicines. No less than 1,200 beneficiaries gained from the program, with families receiving Christmas grocery bags, school supplies, and toys. The mission was made possible through Rockwell’s partnership with 6 parishes: Sts. Peter & Paul in Makati, Our Lady of the Miraculous Medal in Las Piñas, Holy Family Parish in Pasig, Our Lady of Fatima Parish in Mandaluyong, the Immaculate Conception Cathedral of Cubao and St. John the Baptist Parish in San Juan.
OUTREACH AT BAHAY NI MARIA ORPHANAGE
November 24, 2017
Last November 24, 2017, the orphans at Bahay ni Maria enjoyed a fun day of beautiful stories. They first presented a musical narration of the nativity scene, reliving the story of hope through timeless Christmas carols. This was followed by a movie screening of “Coco,” Disney’s heartwarming blockbuster hit.
CHRISTMAS OUTREACH AT STA. CRUZ CHURCH
November 25, 2017
Since 2014, Rockwell has been conducting a special outreach activity for the children of Sta. Cruz Church yearly. On November 25, 2017, Rockwell volunteers spent the day with over 100 kids, playing games and engaging in sing-and-dance activities. They were also surprised with a special visit from Jollibee himself! Each child went home with a Christmas gift bag and a wide smile to greet the season.
MEDICAL MISSION
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.
ONE FOR THE KIDS AT THE WHITE CROSS ORPHANAGE
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.
RUN FOR PASIG
October 6
Rockwell Land did its share for the rehabilitation of the Pasig River waterways when it participated in the fifth Run for the Pasig River. Employees ran 3k around the Quezon Memorial Circle to show their support.
LOBOC CHILDREN’S CHOIR
November 9 & 10
The world-renowned Loboc Children’s Choir regaled shoppers at the Power Plant Mall with their heavenly voices in a free concert sponsored by Rockwell Land and ABS-CBN. The event raised funds for the restoration of church landmarks destroyed by the 7.2 magnitude earthquake that struck the Visayas in October. The audience turnout translated to a total of 593,754 in donations.
TYPHOON YOLANDA AID
November – December
The unprecedented devastation brought about by Typhoon Yolanda rallied Rockwell Land to raise donations to help those affected by the calamity. Donations in cash and kind were forwarded to the Lopez Group Foundation and ABS-CBN Foundation’s Sagip Kapamilya. Employees also assisted in the packing of relief goods at the Sagip Kapamilya headquarters.
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
2. Business Interruption Risk Annual risk identification, evaluation, and monitoring
3. Interest Rate Risk Annual risk identification, evaluation, and monitoring
4. Foreign Currency Risk Annual risk identification, evaluation, and monitoring
5. Credit Risk Annual risk identification, evaluation, and monitoring
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
2. Business Interruption Risk – Annual risk identification, evaluation, and monitoring
3. Interest Rate Risk – Annual risk identification, evaluation, and monitoring
4. Foreign Currency Risk – Annual risk identification, evaluation, and monitoring
5. Credit Risk – Annual risk identification, evaluation, and monitoring
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.”
Frequently Asked Questions
1. What is Rockwell Land’s stock trading name?
2. When did Rockwell Land list as a public company and at what price?
3. Who manages and maintains Rockwell Lands developments?
4. Who are Rockwell Lands clients?
5. Under what stock exchange is Rockwell Land Corporation (ROCK) Listed?
6. When were Rockwell Land’s share listed?
7. When is the Annual Stockholders’ Meeting scheduled?
8. Who is Rockwell Land’s stock transfer agent?