Units Constants 2015 2016 2017 2018

Revenue Parameters

Spa Services
Availed % of total capacity (1st half) [%] 20% 30% 45%
Availed % of total capacity (2nd half) [%] 25% 40% 50%
Number of rooms [rooms] 5
Turnover per room per day [services] 6
Average price per service Php 1,500 2,000 2,500

Medical Services
Availed % of total capacity (1st half) [%] 20% 30% 45%
Availed % of total capacity (2nd half) [%] 25% 40% 50%
Number of Rooms [rooms] 8
Turnover per room per day [services] 6
Average price per service Php 5,000 7,500 8,500

TCC Package
Availed % of total capacity (1st half) [%] 20% 30% 45%
Availed % of total capacity (2nd half) [%] 25% 40% 45%
Number of Rooms [rooms] 10
Average Price per Service Php 30,000 30,000 30,000

Balesin Package
% total guests availed (1st half) 5% 7% 10%
% total guests availed (2nd half) 5% 7% 10%
Number of Rooms [rooms] 10
Average Price per Service Php 40,000 40,000 40,000

Subscription
Number of members [pax] 100 180 300 420
Program rate Php 150,000 200,000 250,000 300,000

Retail/ Supplements
Spa customers [pax] - 2,472 3,837 5,204
Medical customers [pax] - 3,955 6,139 8,326
TCC Package customers [pax] - 824 1,279 1,643
Balesin Package customers [pax] - 3,600 5,040 7,200
Subscription customers [pax] - 180 300 420
Total customers [pax] - 11,031 16,595 22,792
% customers for retail/supplements [pax] 50%
Spending per customer Php 5,000 5,500 6,050

F&B
Balesin Package customers [pax] - 3,600 5,040 7,200
% customers for retail/supplements [pax] 100%
Spending per customer Php 4,000 4,400 4,840

Cost Parameters

Spa services [%] 10%

Medical services [%] 25%
Rooms [%] 30%
Balesin Package [%] 30%
Membership [%] 30%
Retail/ Supplements [%] 35%
F&B [%] 35%
 2015 2016 2017 2018 2016 - 2017 2017 - 2018
Income Statement for the years ending December 31 YoY Change YoY% YoY Change YoY%

REVENUE
Spa Services - 3,708,000 7,674,000 13,008,750 3,966,000 107% 5,334,750 70%
Medical Services - 19,776,000 46,044,000 70,767,600 26,268,000 133% 24,723,600 54%
Rooms - 24,720,000 38,370,000 49,275,000 13,650,000 55% 10,905,000 28%
Balesin Package - 144,000,000 201,600,000 288,000,000 57,600,000 40% 86,400,000 43%
Subscription 15,000,000 36,000,000 75,000,000 126,000,000 39,000,000 108% 51,000,000 68%
Retail/ Supplements - 27,578,000 45,636,800 68,944,590 18,058,800 65% 23,307,790 51%
F&B - 14,400,000 22,176,000 34,848,000 7,776,000 54% 12,672,000 57%
Total Revenue 15,000,000 270,182,000 436,500,800 650,843,940 166,318,800 62% 214,343,140 49%

COST OF SALES AND SERVICE

Spa services - 370,800 767,400 1,300,875 396,600 107% 533,475 70%
Medical services - 4,944,000 11,511,000 17,691,900 6,567,000 133% 6,180,900 54%
Rooms - 7,416,000 11,511,000 14,782,500 4,095,000 55% 3,271,500 28%
Balesin Package - 43,200,000 60,480,000 86,400,000 17,280,000 40% 25,920,000 43%
Membership 4,500,000 10,800,000 22,500,000 37,800,000 11,700,000 108% 15,300,000 68%
Retail/ Supplements - 9,652,300 15,972,880 24,130,607 6,320,580 65% 8,157,727 51%
F&B - 5,040,000 7,761,600 12,196,800 2,721,600 54% 4,435,200 57%
Total COS 4,500,000 81,423,100 130,503,880 194,302,682 49,080,780 60% 63,798,802 49%

Gross Profit 10,500,000 188,758,900 305,996,920 456,541,259 117,238,020 62% 150,544,339 49%

EXPENSES
Marketing Expenses 2,360,000 12,000,000 12,000,000 12,000,000 - 0% - 0%
Staff Cost 4,134,600 18,818,400 18,818,400 18,818,400 - 0% - 0%
General & Administrative* 2,100,000 21,600,000 32,400,000 48,600,000 10,800,000 50% 16,200,000 50%
Pre-op Salaries/Training Cost 500,000 - - - - NA - NA
Total Operating Expenses 9,094,600 52,418,400 63,218,400 79,418,400 10,800,000 21% 16,200,000 26%

EBITDA 1,405,400 136,340,500 242,778,520 377,122,859 106,438,020 78% 134,344,339 55%

Depreciation Expense 416,667 15,250,000 15,250,000 15,250,000 - 0% - 0%
EBIT 988,733 121,090,500 227,528,520 361,872,859 106,438,020 88% 134,344,339 59%
Taxes 296,620 36,327,150 68,258,556 108,561,858 31,931,406 88% 40,303,302 59%
Net Income (Loss) 692,113 84,763,350 159,269,964 253,311,001 74,506,614 88% 94,041,037 59%