Emperador Inc. · PSE:EMI
Emperador — FY2021 Earnings Presentation
15 slides from Emperador's earnings presentation, Apr 26, 2022
Slide 1: EMPERADOR INC. 2021 Results Briefing
EMPERADOR INC. 2021 Results Briefing 26 April 2022
Slide 2: Earnings Snapshot, 2021 Financials, Our Strategy
1 Earnings Snapshot 2 2021 Financials 3 Our Strategy
Slide 3: 2021 Normalized Net Profit at Php10.8bn
2021 Normalized Net Profit at Php10.8bn “ Normalized net profit at Php10.8bn, up 35% y-o-y; normalized earnings to owners at Php10.6bn, up 34% ”
Slide 4: Earnings Snapshot
1 Earnings Snapshot 2 2021 Financials 3 Our Strategy
Slide 5: Highlights: Php55.9 billion Revenue
2021 Financials – Highlights Php10.6 +6% billion Php55.9 Revenue Growth Normalized Net Profit* billion +34% YoY 67% Brandy Php10.0 Revenue 33% Whisky billion Revenue Reported Net Profit* Breakdown +25% YoY * Income attributable to parent
Slide 6: 2021 Financials: Stellar Performance Showing Resilience Amidst a Pandemic
2021 Financials Stellar Performance Showing Resilience Amidst a Pandemic Revenues Gross Profit EBITDA Normalized Profit 36.5% 19.0% 35.8% 27.2% 33.7% 31.1% 23.4% 15.4% 15.1% 21.0% 21.9% 13.6% 24.3% 17.5% 11.4% 55,936 20,037 10,643 51,565 52,834 15,225 16,926 15,997 7,967 11,552 10,807 6,998 18,367 1
Slide 7: 2021 Financials: Record Performance
2021 Financials Record Performance 4Q21 YoY 2020 2021 YoY Commentary Revenue 17,579 -4% 52,834 55,936 +6% Strong whisky sales Gross profit 6,148 15,997 20,037 Improved product mix and less promotional +44% +25% (Margin) (35.8%) (31.1%) (36.5%) expenses EBITDA 4,111 11,552 15,225 +28% +32% Effective
Slide 8: 2021 Financials: Record Performance, Normalized Net Profit
2021 Financials Record Performance 4Q21 YoY 2020 2021 YoY Commentary Normalized net 2,712 7,967 10,643 profit +29% +34% (15.4%) (15.1%) (19.0%) Due to higher revenues and GP margins (Margin) Impact of tax Extraordinary non-cash deferred tax change for 672 expense due to the statutory tax rate 0 WMG
Slide 9: 2021 Financials – Brandy Segment
2021 Financials – Brandy Segment Sustained Growth In Premium Brandy Sales Amidst a Pandemic 4Q21 YoY 2020 2021 YoY Commentary Revenue 12,393 -8% 36,891 37,232 +1% Led by strong premium brandy sales Gross profit 4,114 10,229 12,637 +66% +24% Better product mix and lower promos (Margin) (34.4%) (28.3%
Slide 10: 2021 Financials – Whisky Segment
2021 Financials – Whisky Segment Persistently Growing Across The Globe 4Q21 YoY 2020 2021 YoY Commentary £76 £249 £275 Growth mainly driven by North America, Revenue +4% +17% 5,186 15,943 18,704 Europe as well as Asia, led by Greater China. Gross profit 2,034 5,768 7,400 14% +28% Better product mix
Slide 11: Whisky Segment: Php2.6b In Earnings, Up 14%
2021 Financials – Whisky Segment Php2.6b In Earnings, Up 14%, Ex-Extraordinary Non-Cash Deferred Tax Expense 4Q21 YoY 2020 2021 YoY Commentary Normalized £9 £36 £48 net profit 594 +147% 2,252 3,240 +44% (Margin) (11.4%) (14.1%) (17.3%) Impact of tax Extraordinary non-cash deferred tax expense change
Slide 12: 2021 Financials – Cash Position
2021 Financials – Cash Position Strong Liquidity And Cash Position Net Debt to Cash Debt Net Debt Commentary Equity 2021 9,334 24,841 15,508 20% Significant improvement in gearing due to ELS deletion 2020 7,561 33,824 26,263 39% CAPEX and Change in Working Dividends & Cash, beg EBITDA Acquisition Ca
Slide 13: Our Strategy
1 Earnings Snapshot 2 2021 Financials 3 Our Strategy
Slide 14: Our CPI Strategy
Our CPI Strategy CONTEMPORIZE PREMIUMIZE INTERNATIONALIZE our offering our portfolio our business ❑ Excite customers with innovative new ❑ Leverage iconic portfolio of globally ❑ Global spirits multinational champion product launches recognized marquee brands with an outreach to >100 countries ❑ Reb
Slide 15: EMPERADOR INC. 2021 Results Briefing
EMPERADOR INC. 2021 Results Briefing 26 April 2022