Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — Q1 2022 Earnings Presentation
20 slides from Cosco Capital's earnings presentation, May 2022
Slide 1: Cosco Capital, Inc. 1Q 2022 Financial Results
Cosco Capital, Inc. 1Q 2022 Financial Results Investor Presentation 1
Slide 2: Disclaimer
Disclaimer These presentations and/or other documents have been written and presented by COSCO CAPITAL, INC. (COSCO). COSCO is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. Third parties, other than COSCO, do not have any responsib
Slide 3: Company Overview
Company Overview 49% 78% 100% 100% Commercial Real Grocery Retailing Liquor Distribution Specialty Retailing Estate • Ellimac Prime KEEPR Holdings, Inc., • Fertuna Holdings (formerly DAVIN) Corp., • Patagonia Holdings Corp., • Nation Realty, Inc. • NE Pacific Shopping Centers Corporation • Pure Petr
Slide 4: Revenue and PATMI Contributions 1Q 2022
REVENUE AND PATMI CONTRIBUTIONS 1Q 2022 Revenues CORE PATMI Specialty Retail 1% Liquor Grocery Real Estate 14% Distribution Retailing 68% 4% Real Estate Liquor 1% Distribution 17% Grocery Retailing 94% Specialty Retail 1% PHP 40.68 billion PHP 1.54 billion +2.8% vs 1Q 2021 +9.2% vs 1Q 2021 4
Slide 5: Q1 2022 Consolidated Financial Performance
Q1 2022 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) Q1 2022 % Q1 2021 % (DECREASE) % REVENUES 40,681,386 100.00% 39,573,281 100.00% 1,108,105 2.80% COST OF SALES/SERVICES 32,184,341 79.11% 31,692,555 80.09% 491,786 1.55% GROSS PROFIT 8,497,045 20.89% 7,880,727 19.91% 616,319 7.82% OTH
Slide 6: Grocery Retail: Q1 2022 Financial Highlights
Grocery Retail: Q1 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +2.1% +6.8% 168,632 164,125 29,156 30,083 154,490 25,951 20.0% 19.1% 18.3% 37,729 38,507 17.3% 7,210 7,698 16.8% FY2019 FY2020 FY2021 Q1 2021 Q1 2022 FY2019 FY2020 FY2021 Q1 2021 Q1 2022 GP GP Margin EBIT
Slide 7: Grocery Retailing: Operating Highlights
Grocery Retailing: Operating Highlights • Puregold opened 5 new stores during Q1 2022, out of targeted 25 new stores, 1 Metro manila, 4 Luzon • As of 1Q 2021, the Grocery Retailing segment is operating a total of 504 stores PUREGOLD S&R S&R QSR Metro Manila 141 12 25 Luzon 239 6 15 Visayas 41 2 7 Mi
Slide 8: Liquor Distribution: Market Leadership
Liquor Distribution: KEEPR has established market leadership in all leading categories of the imported spirits segment1. #1 Non-Cognac Brandy #1 #2 Blended Scotch #1 #2 Malt Scotch #1 #2 US Whiskey #1 Soju #2 Cognac #1 #2 Vodka #1 Gin #2 Rum #1 Agave #1 #2 Flavored Spirits Campari Irish Whiskey #1 N
Slide 9: Liquor Distribution: Q1 2022 Financial Highlights
Liquor Distribution: Q1 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 10,717 11,035 +23.3% +29.3% 2,939 8,167 2,458 2,235 27.4% 26.6% 22.9% 25.6% 26.8% 1,759 2,169 450 582 FY2019 FY2020 FY2021 Q1 2021 Q1 2022 FY2019 FY2020 FY2021 Q1 2021 Q1 2022 GP GP Margin EBITDA and
Slide 10: Liquor Distribution: Operating Highlights
Liquor Distribution: Operating Highlights • 17% growth in total volume of cases sold in 1Q 2022 • Successful follow-on offering listing on November 19, 2021 in the PSE • Growth driven by the increase in the brandy, wines and specialty beverages. (in thousand cases) CATEGORY 1Q 2021 % Mix 1Q 2022 % M
Slide 11: Real Estate Segment: Q1 2022 Financial Highlights
Real Estate Segment: Q1 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 2,147 +5.05 1,486 +5.5% 1,696 1,696 1,085 1,075 69.2% 67.0% 67.3% 64.0% 63.4% 428 449 286 302 FY2019 FY2020 FY2021 Q1 2021 Q1 2022 FY2019 FY2020 FY2021 Q1 2021 Q1 2022 GP GP Margin EBITDA and Margin
Slide 12: Real Estate Segment: Operating Highlights
Real Estate Segment: Operating Highlights • Acquisition of 5 new properties in 2021: - 716 sqm lot located in Tm Road, Sucat, Muntinlupa City - 38,425 sqm lot located in Brgy. Tarcan, Baliuag, Bulacan - 1,864 sqm lot located in Bagumbong, Caloocan - 3,464 sqm lot located in San Rafael, Rizal with ex
Slide 13: Real Estate Segment: On-going developments
Real Estate Segment: On-going developments PUREGOLD-ANTIPOLO PUREGOLD-BIÑAN (SUMULONG) P119M PROJECT COST: PROJECT COST: P142M ACCOMPLISHMENT: 50.20% ACCOMPLISHMENT: 71.41% TARGET COMPLETION: TARGET COMPLETION: AUGUST 15, 2022 Q3 2022 13
Slide 14: Office Warehouse: Q1 2022 Financial Highlights
Office Warehouse: Q1 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin -8.0% 642 -5.3% 2,451 449 409 1,672 1,556 26.2% 26.8% 26.3% 26.6% 27.3% 424 390 113 107 FY2019 FY2020 FY2021 Q1 2021 Q1 2022 FY2019 FY2020 FY2021 Q1 2021 Q1 2022 GP GP Margin EBITDA and Margin Net Profi
Slide 15: Office Warehouse: Operating Highlights
Office Warehouse: Operating Highlights OFFICE WAREHOUSE, INC. • SSSG of -9.3% in 1Q 2022 vs -23.4% in 1Q 2021 due to government lockdown and community quarantine starting March 16, 2020 2020 2021 1Q 2022 No. Stores 89 87 85 Net selling area (in sqm) 15,546 15,267 14,973 15
Slide 16: Sustainability Highlights
Sustainability Highlights 16
Slide 17: Sustainability Highlights
Sustainability Highlights 17
Slide 18: Sustainability Highlights
Sustainability Highlights 18
Slide 19: CAPEX Guidance for 2022
CAPEX Guidance for 2022 • CAPEX Budget of Php 6.1 billion in 2022 - Php 5.8 billion for Puregold Group - Php 261 million for Real Estate Group - Php 60 million for Office Warehouse • To be funded by internally generated cash and short term untapped bank credit lines if necessary 19
Slide 20: Thank you
S COSCO capiicl i t ed i nc or por a Thank you