subic

28 AUGUST 2009

Two developments prompted the creation of the Subic Bay Special Economic & Freeport

Zone.

Two developments prompted the creation of the Subic Bay Special Economic & Freeport

Zone.

Eruption of Mount Pinatubo in 1991, the second largest volcanic Eruption of Mount Pinatubo in 1991, the second largest volcanic

eruption of the 20th centuryeruption of the 20th century Eruption of Mount Pinatubo in 1991, the second largest volcanic Eruption of Mount Pinatubo in 1991, the second largest volcanic

eruption of the 20th centuryeruption of the 20th century

• 740 people killed

• 2 million people affected

• US$450 million worth of damages

• More than 80,000 houses destroyed/damaged

Closure of American naval base in Subic in 1992Closure of American naval base in Subic in 1992Closure of American naval base in Subic in 1992Closure of American naval base in Subic in 1992

• Loss of 30,000 to 35,000 jobs at Subic Bay Naval Station

• Loss of additional 50,000 to 70,000 jobs in service establishments and businesses which produced goods purchased by the bases

• Loss of base-related expenditures, which in 1988-89 amounted to US$344.3 million, including US$75.4 million in workers’ salaries

• Loss of some US$200 million in ODA

In the early years…In the early years…• The Subic Miracle: A story of Filipino volunteerism

• US$8 billion worth of infrastructure left by the Americans

As a bustling hub of commerce and tourism, generating As a bustling hub of commerce and tourism, generating investments investments As a bustling hub of commerce and tourism, generating As a bustling hub of commerce and tourism, generating investments investments

• First wave of major investors– FedEx– Acer (now Wistron)– Subic Telecom (AT&T / PLDT)– Subic Bay Industrial Park– Subic Bay Technopark– Enron Power Plant– Others

• US$2.7 billion in committed Investments

• 68,890 jobs created• US$1.3 billion export values• Revenues of more than Php7.5

billion in customs duties• Revenues of more than Php1

billion in taxes

Another major highlight in the Freeport’s early years… Another major highlight in the Freeport’s early years…

The Asia Pacific Economic Cooperation (APEC) Leaders’ Meeting in Subic in 1996

SBMA’s Mandate According to RA 7227

The SBMA shall promote and develop the Subic Special Economic Zone into a self-sustaining, industrial, commercial, financial and investment center to generate employment opportunities in and around the zone and to attract and promote productive foreign investments.

Subic Freeport and Special Economic ZoneSubic Freeport and Special Economic ZoneBASIC INFO• A 670 sq. km. commercial & tourism

destination in a high quality natural environment accessible by land, sea & air

• A complete port with 15 operational piers & wharves, including a passenger/cruise ship terminal + a fully operational international airport with a 10,000-sqm passenger terminal & 2.7-km runway

• A choice investment site of more than 1,000 local & foreign investors with a cumulative committed investment of US$5.75billion & a total workforce of more than 87,000

• 94 years U.S. Naval Base

Subic Bay Metropolitan Authority: MandateSubic Bay Metropolitan Authority: Mandate

The The Subic Bay Metropolitan Authority (SBMA)Subic Bay Metropolitan Authority (SBMA) was created by virtue of Republic Act 7227 on March was created by virtue of Republic Act 7227 on March

13, 1992. SBMA is the operating and implementing arm of the Government of the Philippines in developing 13, 1992. SBMA is the operating and implementing arm of the Government of the Philippines in developing

the Subic Bay Freeport (SBF) into a self-sustaining industrial, commercial, financial, and investment and the Subic Bay Freeport (SBF) into a self-sustaining industrial, commercial, financial, and investment and

academe center to generate, among others, employment opportunities in and around the Zone, and to academe center to generate, among others, employment opportunities in and around the Zone, and to

attract and promote productive foreign investments.attract and promote productive foreign investments.

President Gloria Macapagal-Arroyo

Chairman/Head of Agency Feliciano Salonga

Administrator and CEO Armand Arreza

SUBIC- CLARK GROWTH CORRIDORSUBIC- CLARK GROWTH CORRIDOR

1212

A Seamless Economic A Seamless Economic CorridorCorridor

ElementsElements

Integrate Subic and Clark’s Integrate Subic and Clark’s world-class logistics world-class logistics infrastructure to create an infrastructure to create an economic hub that takes economic hub that takes advantage of Central advantage of Central Luzon’s abundant flat landsLuzon’s abundant flat lands

- Subic, Clark and Luisita Subic, Clark and Luisita linked by a 93.8km, 4-lane linked by a 93.8km, 4-lane expressway (SCTEP) expressway (SCTEP)

- Construction of 600,000 Construction of 600,000 TEU capacity Container TEU capacity Container Terminal in SubicTerminal in Subic

- Upgrading of DMIAUpgrading of DMIA

Create thriving communities Create thriving communities in Central and Northern in Central and Northern Luzon that bring work to the Luzon that bring work to the peoplepeople

- Abundant land for Abundant land for industrial developmentindustrial development

- Provide incentives for Provide incentives for development of new development of new industrial estates through industrial estates through the passage of the “3-2-1 the passage of the “3-2-1 Law”Law”

- Self-contained factory Self-contained factory townstowns

Subic-Clark Area Development

SCAD VisionTo develop the Subic-Clark Corridor into a globally competitive logistics hub for the efficient movement of people, goods, services & data, in partnership with the private sector

Subic Seaport

Clark Airport

North Rail

North LuzonExpressway

Subic-ClarkSubic-ClarkToll RoadToll Road

NLE Extension(Clark-Tarlac Road)

13131313

HIGHLIGHTSHIGHLIGHTS COSTCOST

Clark International Clark International Airport expansion & Airport expansion & upgradingupgrading

US$ US$ 37.4M37.4M

Subic Port Subic Port Development ProjectDevelopment Project

US$ US$ 230.0M230.0M

Subic-Clark-Tarlac Subic-Clark-Tarlac Expressway (SCTEx)Expressway (SCTEx)

US$ US$ 504.3M504.3M

North Luzon Railway North Luzon Railway Phase 1Phase 1

US$ 503.4 US$ 503.4 MM

North Luzon North Luzon Expressway Expressway RehabilitationRehabilitation

US$ US$ 226.4M226.4M

Subic-Clark Area DevelopmentSubic-Clark Area DevelopmentSubic-Clark Area DevelopmentSubic-Clark Area Development

An additional US$1.5 billion in infrastructure is being put in place to further enhance the An additional US$1.5 billion in infrastructure is being put in place to further enhance the competitiveness of the Subic-Clark area competitiveness of the Subic-Clark area

1414

Subic – Clark Growth CorridorSubic – Clark Growth Corridor

Commercial GatewayCommercial Gateway

Tourist HavenTourist Haven

Software Development /Software Development / Hi-Tech Manufacturing Hub Hi-Tech Manufacturing Hub

Logistics HubLogistics Hub

1515

SEAPORTSEAPORT

AIRPORTAIRPORT

TELECOMMUNICATIONS, ROADS & HOUSING FACILITIESTELECOMMUNICATIONS, ROADS & HOUSING FACILITIES

SUBICSUBIC -- $8 Billion$8 BillionCLARKCLARK -- $4 Billion$4 Billion TOTAL - $ 12 BTOTAL - $ 12 B

Subic Clark Alliance for Development (SCAD)Subic Clark Alliance for Development (SCAD)

VALUE OF INFRASTRUCTURE LEFT BY THE U.S.

Subic Bay InvestmentsSubic Bay InvestmentsSubic Bay InvestmentsSubic Bay Investments

489571

638

767

931

11151186

0

200

400

600

800

1000

1200

2003 2004 2005 2006 2007 2008 2009 (Jan-June)

Number of Investors

16161616

Subic Bay is a choice investment destination for more than 1,186 companies who have invested Subic Bay is a choice investment destination for more than 1,186 companies who have invested more than US$5.7 billion and have hired more than 87,000 workersmore than US$5.7 billion and have hired more than 87,000 workers

Subic Bay is a choice investment destination for more than 1,186 companies who have invested Subic Bay is a choice investment destination for more than 1,186 companies who have invested more than US$5.7 billion and have hired more than 87,000 workersmore than US$5.7 billion and have hired more than 87,000 workers

2,249 2,313 2,341

3,766

5,4985,747

6,057

-1,000

500

2,000

3,500

5,000

6,500

2003 2004 2005 2006 2007 2008 2009 (Jan-June)

Cumulative Investments (US$ Billion)

Subic Bay InvestmentsSubic Bay InvestmentsSubic Bay InvestmentsSubic Bay Investments

1818STATE OF THE FREEPORT ADDRESS 2009STATE OF THE FREEPORT ADDRESS 2009

Name of CompanyCommitted Investment

1. Subic Neocove Corp. US$ 175.2 M

2. Hanil E & C Subic, Inc. US$ 11.0 M

3. Sultan Ahmed Lootah Enterprises Corp. US$ 6.72 M

4. George Dewey Medical & Wellness Center, Inc. US$ 6.58 M

5. Hanafil Golf & Tour, Inc. US$ 3.0 M

6. Australasia Marine Alliance Corp. US$ 2.32 M

7. Pacific Pearl Airways Aviation School US$ 2.13 M

8. Taiwan Cogeneration Corporation (Subic Bay Branch)

US$ 2.0 M

9. Palmgold Int’l Ltd. US$ 1.9 M

10.Grand Pillar International Development, Inc. US$ 1.9 M

Total US$ 212.79 M


2008 ACTIVE WORKFORCE BY SECTOR

No. of workers % Share

Manufacturing 14,545 16.62%

Services 36,203 41.37%

Shipbuilding/Marine-Related Services 30,728 35.12%

Construction 5,480 6.26%

Other Services 546 0.62%

87,502 100%


No. of Employees %

Greenbeach Powertech, Inc. (KCThech, Inc.) 11,967 13.68%

Hanjin Heavy Industries & Construction 3,489 3.99%

Nidec (Sankyo Seiki Phils.) 2,347 2.68%

Sanyo Denki Philippines, Inc. 2,118 2.42%

Wistron Infocomm Phils. 2,064 2.36%

Subickor Corporation 1,704 1.95%

Metrobay Corporation 1,518 1.73%

Subic Shipbuilder Corporation 1,476 1.69%

Redondo Baytech Corporation 1,226 1.40%

Redondo I-tech Corporation 1,038 1.19%

Total 28,947 33.08%


EXPORT (US$) EXPORT (US$)

2008 2007 Variance %

JANUARY 85,501,329.87 64,892,236.01 20,609,093.86 31.76%

FEBRUARY 80,224,432.82 55,496,287.59 24,728,145.23 44.56%

MARCH 66,486,887.36 86,841,155.90 -20,354,268.54 -23.44%

APRIL 70,572,323.55 65,766,217.65 4,806,105.90 7.31%

MAY 78,403,030.32 52,829,453.27 25,573,577.05 48.41%

JUNE 128,023,652.00 88,721,267.56 39,302,384.44 44.30%

JULY 78,587,776.98 87,821,335.79 -9,233,558.81 -10.51%

AUGUST 61,396,744.22 79,090,995.59 -17,694,251.37 -22.37%

SEPTEMBER 105,160,346.04 71,408,348.94 33,751,997.10 47.27%

OCTOBER 99,634,487.59 122,432,621.22 -22,798,133.63 -18.62%

NOVEMBER 75,087,158.09 112,473,616.31 -37,386,458.22 -33.24%

DECEMBER 48,769,455.51 83,963,711.89 -35,194,256.38 -41.92%

977,847,624.35977,847,624.35 971,737,247.72971,737,247.72 6,110,376.636,110,376.63 0.63%0.63%


Name of Company FOB value

1. Wistron Infocomm (Phils.) Corp. US$ 247.88 M

2. Lets Do Mobile Philippines US$ 234.51 M

3. Sanyo Denki US$ 78.08 M

4. Hitachi Terminals Mech. Phils. Corp. US$ 76.37 M

5. HHIC-Phils. US$ 61.74 M

6. Juken Sangyo (Phils.) Corp. US$ 44.17 M

7. Tong Lung (Phils.) Metal Industry US$ 27.94 M

8. Hitachi Air Conditioning Products US$ 20.21 M

9. Nidec Subic Phils. Corp. US$ 17.78 M

10.Nicera Philippines, Inc. US$ 13.26 M

Total US$ 849.07 M

2323SUBIC BAY METROPOLITAN AUTHORITYSUBIC BAY METROPOLITAN AUTHORITY

Performance Indicators 2008 2007 Variance %

Revenue Php 276.24 M Php218.15 MPhp 58.09

M26.63

No. of Shipcalls 1,893 1,576 202 12.82

Gross Registered Tonnage (GRT) 12.55 M 10.84 M 2.39 M 28.38

Cargo Volume: Containerized (TEUs)

29,370.75 36,450.50 -7079.75 -19.42

Non-containerized (MT) 1,868,334.74 1,899,780.53 -31,445.79 -1.7

Major Investments in Subic Bay FreeportMajor Investments in Subic Bay FreeportMajor Investments in Subic Bay FreeportMajor Investments in Subic Bay Freeport

• Shipbuilding facility• US$1.6 billion committed investment• Shipbuilding facility• US$1.6 billion committed investment

(Korea)(Korea) Wistron Infocomm (Phils.) Corp. (Taiwan)Wistron Infocomm (Phils.) Corp. (Taiwan)

• Manufacturing of personal computers, motherboards• US$140 million actual investments• Manufacturing of personal computers, motherboards• US$140 million actual investments

• Manufacturing of micro motorsManufacturing of micro motors• US$80 million actual investmentsUS$80 million actual investments

Nidec Subic Philippines Corp. (Japan)Nidec Subic Philippines Corp. (Japan)

24242424

25252525

Opportunities for Investors

Strategic location

Dedicated Administration for sustainable growth

Existing world class infrastructure

Environment conducive to business investment

Highly qualified workforce

Magnificent natural setting

Unique combination of tourism attraction

Subic Bay’s AdvantagesSubic Bay’s AdvantagesSubic Bay’s AdvantagesSubic Bay’s Advantages

26262626

Strategic LocationStrategic LocationStrategic LocationStrategic Location

City Flying Hours

Sailing Time (Days)

Kaohshiung 1.0 <2.0

Taipei 1.5 2.0

Hong Kong 1.5 2.0

Ho Chi Minh 2.5 3.0

Bangkok 3.0 4.0

Singapore 4.0 4.5

Shanghai 2.5 3.0

Seoul 4.0 4.5

Tokyo 4.0 5.0

Los Angeles

22.0

Subic Bay is strategically located in the center of the growing East Asian regionSubic Bay is strategically located in the center of the growing East Asian region

Dedicated AdministrationDedicated AdministrationDedicated AdministrationDedicated Administration

Subic Bay Metropolitan AuthoritySubic Bay Metropolitan Authority

Established in 1992 to manage and develop the Established in 1992 to manage and develop the Subic Bay Freeport into a self sustaining Subic Bay Freeport into a self sustaining industrial, commercial, logistics and tourism industrial, commercial, logistics and tourism centercenter

Employees: 3,700Employees: 3,700

Chairman: Feliciano G. SalongaChairman: Feliciano G. Salonga Administrator: Armand C. ArrezaAdministrator: Armand C. Arreza

One-stop investment promotion, registration One-stop investment promotion, registration and regulatory agency for the entire Subic and regulatory agency for the entire Subic Bay Freeport ZoneBay Freeport Zone

Key Functions: Investment Promotion, Key Functions: Investment Promotion, Infrastructure Development, Port Infrastructure Development, Port Administration, Security and Law Administration, Security and Law Enforcement, Permitting and LicensingEnforcement, Permitting and Licensing

27272727

The SBMA is the sole authority created to administer and develop the Freeport ZoneThe SBMA is the sole authority created to administer and develop the Freeport Zone

InfrastructureInfrastructureInfrastructureInfrastructure

Subic Bay possesses key infrastructure that can support a wide range Subic Bay possesses key infrastructure that can support a wide range of businessesof businesses

South China Sea

New Container Terminal Cubi Point

Subic Bay International Airport

Subic Bay Techno-Park

Subic Bay Gateway Park (Phase 2)

Subic Bay Gateway Park (Phase 1)

Naval Supply Depot

(General Cargo)

Subic Bay Golf Course

Central Area

Ship Repair FacilityBoton WharfBoton Wharf

POL PierPOL Pier

Marine TerminalMarine Terminal

Sattler PierSattler Pier

Rivera WharfRivera Wharf

Bravo WharfBravo WharfYacht ClubYacht Club

Passenger TerminalPassenger TerminalLeyte PierLeyte Pier

Nabasan WharfNabasan Wharf

Camayan WharfCamayan WharfHanjin Heavy

Industries Shipyard (240 ha)

Boton Logistics Center

28282828

Naval Magazine Ecotourism Zone Cubi

Redondo Peninsula

Stable Power Supply

Potable Water Supply

100,000-line CapacityTelecom Facilities

Efficient Waste Management System

INDEPENDENT AND RELIABLE SERVICESINDEPENDENT AND RELIABLE SERVICES

3030

24-Hour Security24-Hour Security

Monitored movements at all SBMA gates through 24-hours Monitored movements at all SBMA gates through 24-hours Close Circuit TV monitor Close Circuit TV monitor

911 Emergency Hotline for Fire, Medical & 911 Emergency Hotline for Fire, Medical & Rescue OperationsRescue Operations

IncentivesIncentivesIncentivesIncentives

31313131

• Exemption from all local & national taxes with only a 5% corporate tax on gross income

• Duty free importation of raw materials and finished goods

• Liberalized foreign ownership requirements

• No foreign exchange control

• Visas available to foreign nationals (Subic Special Working Visa)

• Qualified industries may also benefit from a 4-6 year income tax holiday

Tax exemption and duty free importation are offered to all Subic Bay investorsTax exemption and duty free importation are offered to all Subic Bay investors

• Central Luzon has a total labor pool of 3.5 Million Central Luzon has a total labor pool of 3.5 Million (3rd largest in the Philippines)(3rd largest in the Philippines)

– Subic Bay Freeport and immediate environs: Subic Bay Freeport and immediate environs: working population of 700,000working population of 700,000

• About 32,666 university graduates yearlyAbout 32,666 university graduates yearly

– 5,526 Engineering and Technology-related 5,526 Engineering and Technology-related graduatesgraduates

– 9,788 Business Administration and related 9,788 Business Administration and related courses (IT-enabled)courses (IT-enabled)

– 3,492 Mathematics and Computer Science 3,492 Mathematics and Computer Science graduatesgraduates

• 96.9% literacy rate96.9% literacy rate

• Fast learning curve (needs only 6-8 weeks to learn Fast learning curve (needs only 6-8 weeks to learn technical skills – SEIPI study)technical skills – SEIPI study)

• Strong work ethic and customer orientation (Gartner Strong work ethic and customer orientation (Gartner Research)Research)

• More than 162 universities / colleges / vocational More than 162 universities / colleges / vocational schools in and around the Subic Freeport Special schools in and around the Subic Freeport Special Economic ZonesEconomic Zones

Highly Qualified WorkforceHighly Qualified WorkforceHighly Qualified WorkforceHighly Qualified Workforce

32323232


Philippine International Tourism FairPhilippine International Tourism Fair

Philippine Travel MartPhilippine Travel Mart

3535

AIRPORTAIRPORTAIRPORTAIRPORTNabasan PierNabasan PierNabasan PierNabasan PierHANJIN HANJIN

SHIPBUILDINGSHIPBUILDINGHANJIN HANJIN

SHIPBUILDINGSHIPBUILDING

SBF MARITIME COMPONENTSSBF MARITIME COMPONENTS

Camayan PierCamayan PierCamayan PierCamayan Pier

WARTSILAWARTSILAMaritme Training Maritme Training

FacilityFacility

WARTSILAWARTSILAMaritme Training Maritme Training

FacilityFacility

IDESSIDESSMaritme Training Maritme Training

FacilityFacility

IDESSIDESSMaritme Training Maritme Training

FacilityFacility

BOTON WHARFBOTON WHARF

BULK BULK FERTILIZER FERTILIZER TERMINALTERMINAL

NEW NEW CONTAINER CONTAINER TERMINALTERMINAL

NEW NEW CONTAINER CONTAINER TERMINALTERMINAL

LEYTE PIERLEYTE PIER

BULKGRAIN BULKGRAIN TERMINALTERMINAL

ALAVA PIERALAVA PIER

SEAPORT SEAPORT ADMINISTRATIADMINISTRATION BUILDINGON BUILDING

POL PIERPOL PIER

PETROLIUM PETROLIUM LOGISTICS LOGISTICS FACILITYFACILITY

RIVERA WHARFRIVERA WHARF

CRUISE SHIP CRUISE SHIP TERMINALTERMINAL

SRFSRF

LUXURY YACHT LUXURY YACHT FACILITYFACILITY

NAVAL SUPPLY NAVAL SUPPLY DEPOTDEPOT

GENERAL GENERAL CARGO & CARGO &

BREAK BULKBREAK BULK

Logistics Center for Central LuzonLogistics Center for Central Luzon

3636

Privatization of NCT2Privatization of NCT2(3(3rdrd Quarter 2008) Quarter 2008)

Privatization of NCT2Privatization of NCT2(3(3rdrd Quarter 2008) Quarter 2008)

Airport Cargo TerminalAirport Cargo Terminal(2009)(2009)

Airport Cargo TerminalAirport Cargo Terminal(2009)(2009)

Upgrading and CapacityUpgrading and CapacityExpansion of POL DepotExpansion of POL Depot

(2008-2010)(2008-2010)

Upgrading and CapacityUpgrading and CapacityExpansion of POL DepotExpansion of POL Depot

(2008-2010)(2008-2010)

Redevelopment of Boton WharfRedevelopment of Boton Wharf(2009 – 2012)(2009 – 2012)

Redevelopment of Boton WharfRedevelopment of Boton Wharf(2009 – 2012)(2009 – 2012)

Privatization of NSDPrivatization of NSDFor General CargoFor General Cargo

(2009)(2009)

Privatization of NSDPrivatization of NSDFor General CargoFor General Cargo

(2009)(2009)

3737

High-value Export Growth in Southeast AsiaHigh-value Export Growth in Southeast Asia

Philippines• Highest proportion of

high-value exports in ASEAN

Malaysia Has made great strides in the

electronic and electrical exports Value of electronic and electrical

goods exported was US$64 billion in 2006

This accounted for just over half of total exports

Singapore Leader in high-value industry

Indonesia Showing some growth in the high-

value exports from a low base Geared towards textiles and clothing

Thailand “The Detroit of ASEAN” Booming Automotive Industry

– vehicle production doubled between 2002 – 2005 to 1.1 million vehicles

Now the world’s biggest producer of pickup trucks

SUBIC FREEPORTSUBIC FREEPORTThe next biggest exporter The next biggest exporter of maritime/commercial of maritime/commercial vesselsvessels

SUBIC BAY FREEPORT INFRASTRUCTURE

SUBIC BAY FREEPORT INFRASTRUCTURE

Status of New Container Terminal 1 & 2Status of New Container Terminal 1 & 2Status of New Container Terminal 1 & 2Status of New Container Terminal 1 & 2

NEW CONTAINER TERMINAL 1 NEW CONTAINER TERMINAL 1 (NCT-1)(NCT-1)

• Completed. Inaugurated by Her Excellency Completed. Inaugurated by Her Excellency President Gloria Macapagal Arroyo.President Gloria Macapagal Arroyo.

• Contract for the Operation and Management Contract for the Operation and Management awarded to Subic Bay International awarded to Subic Bay International Terminal, Inc. (SBITC).Terminal, Inc. (SBITC).

• SBITC completed construction of their SBITC completed construction of their offices, warehouse/motorpool this month.offices, warehouse/motorpool this month.

• The 1The 1stst ship call and unloading of container: ship call and unloading of container: 02 April 200802 April 2008

NEW CONTAINER TERMINAL 2 NEW CONTAINER TERMINAL 2 (NCT-2)(NCT-2)

4040

Subic Bay International Airport (SBIA)Subic Bay International Airport (SBIA)

The former Naval Air station is now a modern international airport The former Naval Air station is now a modern international airport with a 10,000 sq.m. passenger terminal. The airport currently houses with a 10,000 sq.m. passenger terminal. The airport currently houses FEDEX 1, the Asian distribution hub of Federal Express.FEDEX 1, the Asian distribution hub of Federal Express.

4141

AIR LINKAGESAIR LINKAGES

Orient Overseas Container LineOrient Overseas Container LineWAN HAI LINES LTD. WAN HAI LINES LTD.

Diosdado Macapagal International Diosdado Macapagal International AirportAirport

One of the biggest aviation One of the biggest aviation

complexes in Asia with its two complexes in Asia with its two

3.2 kilometer parallel runways 3.2 kilometer parallel runways

that will be extended to 4 that will be extended to 4

kilometers to accommodate kilometers to accommodate

new generation wide-bodied new generation wide-bodied

aircraft. aircraft.

Subic Bay International AirportSubic Bay International Airport

SEA LINKAGES SEA LINKAGES

4242

Hanjin Heavy Industries and Construction Co.Hanjin Heavy Industries and Construction Co.

OriginalOriginal NewNew % % ChangeChange

INVESTMENTINVESTMENT

Feb 2006 - Jun Feb 2006 - Jun 20072007

US$ .644 BUS$ .644 B

July 2007 - 2011July 2007 - 2011 1.040 B1.040 B

TotalTotal US$ 1 BUS$ 1 B US$ US$ 1.684 B1.684 B

68 %68 %

Latest Volume of Booked Contracts: $3.3 Latest Volume of Booked Contracts: $3.3 BillionBillion

PN001 June ’08 Delivery 4,300 TEUs 24.5 Knots

HANJIN LOCATIONHANJIN LOCATION

4343

Hanjin Heavy Industries and Construction Co.Hanjin Heavy Industries and Construction Co.

EMPLOYMENTEMPLOYMENT

Current Shipbuilding EmployeesCurrent Shipbuilding Employees :: 5,3155,315

Average Number of Construction Average Number of Construction WorkersWorkers

:: 5,0005,000

Employment PlanEmployment Plan

Y2008Y2008 :: 13,0813,0800

Y2011Y2011 :: 15,8015,8000

(vs. original plan of (vs. original plan of 7,000)7,000)

TRAININGTRAINING

Average Average :: 1,200 pax per batch (1 batch every 3 months)1,200 pax per batch (1 batch every 3 months)

MaximumMaximum :: 3,400 pax per batch (1 batch every 2 months/2 shifts)3,400 pax per batch (1 batch every 2 months/2 shifts)

OTHER DEVELOPMENT PROSPECTSOTHER DEVELOPMENT PROSPECTS

Unique Combination of Tourism AttractionsUnique Combination of Tourism AttractionsUnique Combination of Tourism AttractionsUnique Combination of Tourism Attractions

LIFESTYLE BUSINESS ENJOYMENT ENTERTAINMENT

CULTURE HISTORY NATURE SHOPPING

SPORTS RECREATION EXPERIENCE LEISURE

45454545

Subic Bay is ONE destination for all – a place to enduldge, to reinvigorate, to escape Subic Bay is ONE destination for all – a place to enduldge, to reinvigorate, to escape

Commercial DistrictCommercial District

4646

GATEWAY DISTRICTGATEWAY DISTRICT

4747

AREA: 723.69 has.AREA: 723.69 has.

PROPOSED CONCEPT PLANPROPOSED CONCEPT PLAN

4848

SUBIC BAY METROPOLITAN AUTHORITY

Gateway DistrictGateway District

4949

TIPOTIPO

5050

N

AREA: 152.8 has.AREA: 152.8 has.

I.T.PARK

SBMA OFFICESTIPO PLAZA

BPO/COMMERCIAL USE

HI-TECH MANUFACTURING

LEGEND HI-TECH MANUFACTURINGAPPROX. AREA = 79 HECTARES

BPO/COMMERCIAL USEAPPROX. AREA= 12.8 HECTARES

I.T. PARK

APPROX AREA= 26 HA

FUTURE EXPANSION35 HECTARES

TO MANILA

TIPO E

XPRESSWAY

TO SBF PROPER/

SBMA OFFICESTIPO GATE

NSD: General CargoNSD: General Cargo

–A complete destination resort A complete destination resort comprising comprising

•HotelsHotels

•ResortsResorts

•Golf CoursesGolf Courses•Retail CentersRetail Centers

•Marina/Yacht ClubMarina/Yacht Club•Cruise ship destinationCruise ship destination

–Beach capital of LuzonBeach capital of Luzon–Convention capital of LuzonConvention capital of Luzon–

CawagCawag

Half Moon Bay

Minanga Bay

International Destination ResortsInternational Destination Resorts

MORONG: Beach and Golf ResortMORONG: Beach and Golf Resort

Ilanin Forest West

Cubi Triboa District

Ilanin Forest West

Minanga

Minanga Bay ConceptMinanga Bay Concept

5555

Beach Resort5 Star Resort Hotel with Beach Club, M.I.C.E Convention Centre & Water Fun Theme Park forming the tourist core of the area

Golf CommunityGolf Course Real Estate & Holiday Houses complement the whole golf resort development

EduCityEduCity

5656SUBIC BAY METROPOLITAN AUTHORITY

• Bring world class education to Greater Subic Bay• George Dewey• Bataan Technopark• Cubi

• Multi-varsity university environment: World’s best universities invited to establish local facilities

• Complement growth of high-value added and service industries within the Greater Subic Bay area

THE ROAD AHEADTHE ROAD AHEAD

Investment OpportunitiesInvestment OpportunitiesInvestment OpportunitiesInvestment Opportunities

60606060

World-Class ServicesWorld-Class ServicesWorld-Class ServicesWorld-Class Services

Major infrastructure &

features

Tourist attractions & facilities

Independent & reliable services

Other services

• Bustling Seaport

• International Airport

• Business district

• No traffic• Round-the-

clock security & emergency facilities

• Theme parks• Culture &

history• Natural

attractions• Entertainment• Sports &

adventure• Sun, sea &

sand• Wellness

outlets• MICE venues• Shopping &

dining

• Potable water supply

• Efficient waste management system

• 100,000-line capacity telecom facilities

• Stable power supply

• Medical & health services

• Transportation services

• Eucharistic services

• Courier services

• Banks• Educational

institutions

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