Metro Retail Stores Group, Inc. · PSE:MRSGI

Metro Retail Stores — Shareholder Meeting (May 2019)

14 slides from Metro Retail Stores's shareholder meeting presentation, May 3, 2019

  1. Slide 1: Annual Stockholders' Meeting

    METRO RETAIL STORES GROUP, INC. ANNUAL STOCKHOLDERS’ MEETING May 3, 2019 Mandani Bay Show Gallery, Mandaue City, Cebu 1

  2. Slide 2: 2018 Highlights: Sales

    2018 Highlights  Sales  Excluding the closure of Ayala Center Cebu and Anonas, total sales for 2018 increased by 8.8%  Same stores sales growth at 5.1% 2

  3. Slide 3: 2018 Highlights: Margins

    2018 Highlights  Margins Margins have improved 77 bps vs LY and 225 bps over the last 2 years. 3

  4. Slide 4: 2018 Highlights: OPEX

    2018 Highlights  OPEX  Our OPEX to Sales is 20.4% or 2.4% higher yoy mainly due to opening of new stores  Supply chain costs is at 1.70% to sales or 5.8% lower yoy 4

  5. Slide 5: 2018 Highlights: EBITDA and Net Income

    2018 Highlights  EBITDA and Net Income  Net Income declined by 1.2% vs. LY highlighting a strong performance despite the fire that damaged one of its flagship stores. 5

  6. Slide 6: Network Expansion Highlight

    Network Expansion Highlight  Network expansion  We ended 2018 with 53 stores and 434K sqm GFA  To date, an additional 102k sqm GFA including 34k sqm under rebuild are already ongoing construction for opening in 2019 and 21k sqm on the design stage for opening in 2020  An additional 8 sites have

  7. Slide 7: Approval of Audited Financial Statements

    Approval of Audited Financial Statements 7

  8. Slide 8: Statement of Comprehensive Income

    Statement of Comprehensive Income Years Ended December 31 2018 2017 2016 REVENUE Net sales (Note 15) = 33,050,084,154 P = 35,015,740,598 P = 34,410,947,243 P Rentals (Notes 21 and 23) 233,751,621 299,880,342 298,394,972 33,283,835,775 35,315,620,940 34,709,342,215 COSTS AND EXPENSES Cost of sales (N

  9. Slide 9: Statement of Financial Position

    Statement of Financial Position December 31 2017 2018 (Note 2) ASSETS Current Assets Cash and cash equivalents (Notes 4 and 26) P=3,606,179,404 P=3,707,152,708 Short-term investments (Notes 5 and 26) 358,438,404 755,204,271 Receivables (Notes 6 and 26) 1,371,593,749 878,455,834 Merchandise inventori

  10. Slide 10: Statement of Financial Position

    Statement of Financial Position December 31 2017 2018 (Note 2) LIABILITIES AND EQUITY Current Liabilities Trade and other payables (Notes 11 and 26) =4,392,287,409 P =4,167,874,105 P Contract liabilities (Note 12) 103,195,660 − Income tax payable 158,339,929 190,054,649 Finance lease liability - cur

  11. Slide 11: Statement of Cash Flows

    Statement of Cash Flows Years Ended December 31 2018 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax = 1,346,581,495 P =1,395,723,839 P =1,120,463,683 P Adjustments for: Depreciation and amortization (Note 9) 490,362,102 519,524,410 464,842,064 Net gain on insurance claims (N

  12. Slide 12: Statement of Cash Flows

    Statement of Cash Flows Years Ended December 31 2018 2017 2016 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from insurance claims on property, plant and equipment (Note 9) 133,408,200 − − Increase in other noncurrent assets (434,681,564) (86,547,605) (214,948,384) Acquisition of property and equipm

  13. Slide 13: Thank You!

    THANK YOU! 13

  14. Slide 14: Disclosure

    Disclosure The materials and figures in this presentation and other documents are for informational purposes only and are not, in any way, a form of solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. Information

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