Metro Retail Stores Group, Inc. · PSE:MRSGI
Metro Retail Stores — Q1 2024 Earnings Presentation
29 slides from Metro Retail Stores's earnings presentation, May 23, 2024
Slide 1: 1Q 2024 Earnings Call and Analysts' Briefing
1Q 2024 Earnings Call and Analysts’ Briefing 23 May 2024
Slide 2: Presenters
Presenters Mr. Arnold M. Leoncio Mr. Joselito G. Orense Vice President for Business Development Treasurer and and Investor Relations Chief Finance Officer 2
Slide 3: General rules
General rules 1. Please note that this call will be recorded. Recording of this Earnings Call will be shared upon request. 2. This Earnings Call will run for about half an hour with the first part allotted for a presentation and the second part for the Q&A. 3. Participants other than the speakers wi
Slide 4: 1Q 2024 Financial and Operational Highlights
1Q 2024 Financial and Operational Highlights Net sales increased by Gross profit declined by vs. historical financials As of 31 March 2024 5.0% -0.2% Net sales (PhP billions) 8.50 8.51 8.31 8.73 Market capitalization PhP4.22B to PhP8.73 billion to PhP1.82 billion 7.73 6.92 Share price EBITDA decreas
Slide 5: Results of operations | Sales
Results of operations | Sales Net sales (in PhP billion) Share to Business (in % of net sales) 5.0% 8.73 Department store 8.31 20% PhP8.7B Net sales Supermarket Hypermarket 56% 24% 1Q 2023 1Q 2024 ❑ Net sales sustained with a 5.0% growth from the same period last year despite relatively lean post-ho
Slide 6: Results of operations | Margin and Opex
Results of operations | Margin and Opex Gross margin (in PhP billion) Operating expenses (in PhP billion) 1.822 1.818 1.78 -0.2% 1.75 21.9% 20.8% 1.7% 21.1% 20.4% 1Q 2023 1Q 2024 1Q 2023 1Q 2024 ❑ Gross margin was flattish in absolute terms, with a slight decline in percentage terms, due to lower sh
Slide 7: Results of operations | EBITDA and Net Income
Results of operations | EBITDA and Net Income EBITDA (in PhP million) Net Income (in PhP million) 410.19 -5.1% 389.22 4.9% 4.5% 60.04 -16.2% 50.31 0.7% 0.6% 1Q 2023 1Q 2024 1Q 2023 1Q 2024 ❑ EBITDA and Net Income both dipped, mainly due to the narrower margin brought by lower share to business of ge
Slide 8: Results of operations | Comparable store sales
Results of operations | Comparable store sales Supermarket and Hypermarket increased while Department store decreased Blended comparable sales Comparable sales by format (in PhP billion) (in PhP billion) 2.6% 8.31 2.8% 8.54 4.58 4.70 8.4% -2.7% 1.91 2.07 1.82 1.77 1Q 2023 1Q 2024 1Q 2023 1Q 2024 1Q
Slide 9: MRSGI existing store network
MRSGI existing store network Geographical composition of store network (as of end-March 2024) NCR 10 64 Visayas stores Luzon 12 42 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 5 Luzon 4 Luzon 3 Visayas 25 Visayas 8 Visayas 9 Total 37 Total 15 Total 12 Note: MRSGI has ongoing majo
Slide 10: Network expansion: Metro Value Mart - Gun-ob, Lapu-Lapu, Cebu
MRSGI network expansion: Metro Value Mart - Gun-ob, Lapu-Lapu, Cebu (Opened January 2024) 10
Slide 11: Network expansion: Ongoing major construction sites
MRSGI network expansion: Ongoing major construction sites Hinigaran, Negros Occidental Catbalogan, Samar 11
Slide 12: Network expansion: Groundbreaking of five supermarkets in the Visayas
MRSGI network expansion: Groundbreaking of five (5) supermarkets in the Visayas Dec. Metro Supermarket Jan. Metro Value Mart Metro Value Mart 2023 Dalaguete, Cebu 2024 Brgy. Tangke, Talisay City, Cebu Brgy. Poblacion, Talisay City, Cebu Jan. Metro Supermarket Apr. Metro Supermarket 2024 Liloan, Cebu
Slide 13: Network expansion: Metro Distribution Center in Sta. Rosa, Laguna
MRSGI network expansion: Metro Distribution Center in Sta. Rosa, Laguna ✓ 3-hectare area ✓ Selective racking systems – 5 to 7 high ✓ 20 inbound and outbound docking areas ✓ Capacity of up to 20,000 pallets positions ✓ Solar panel-ready infrastructure ✓ Can handle up to 25,000 cases daily (max throug
Slide 14: Governance: New Chairperson and Vice-Chairperson in MRSGI Board
Other Matters - Governance: New Chairperson and Vice-Chairperson in MRSGI Board of Directors MS. SHERISA P. NUESA MS. MARGARET GAISANO-ANG Chairperson Vice-Chairperson 14
Slide 15: Key financial indicators
Key financial indicators Currency: PhP million 2016 2017 2018 2019 2020 2021 2022 2023 1Q 2024 Financial highlights Net sales 34,411 35,016 33,050 36,790 31,286 31,211 38,102 38,273 8,729 EBITDA 1,547 1,877 1,781 2,785 1,273 1,220 2,680 2,167 389 Net income 789 977 965 776 (450) (318) 917 618 50 Fin
Slide 16: MRSGI's Strategy
MRSGI’s Strategy 1Q 2024 Earnings Call and Analysts’ Briefing 16 23 May 2024
Slide 17: MRSGI's Five Strategy Pillars
MRSGI’s Five Strategy Pillars Sustainable Growth Operational Excellence Channel Expansion Margin Enhancement Organizational Development 17
Slide 18: Q&A
Q&A 1Q 2024 Earnings Call and Analysts’ Briefing 18 23 May 2024
Slide 19: Investor Relations Office
Investor Relations Office Mr. Arnold M. Leoncio VP for Business Development and Investor Relations email: arnold.leoncio@metroretail.ph 19
Slide 20: Thank you!
Thank you! Visit us at: www.metroretail.com.ph shopmetro.ph Like/Follow us on: facebook.com/TheMetroStores @TheMetroStores @themetrostores.ph Connect with us on: linkedin.com/company/metro-retail-stores-group/ 20
Slide 21: Annex: Financial Statements
Annex: Financial Statments 1Q 2024 Earnings Call and Analysts’ Briefing 21 23 May 2024
Slide 22: Statement of Comprehensive Income (1/2)
Statement of Comprehensive Income (1/2) 22
Slide 23: Statement of Comprehensive Income (2/2)
Statement of Comprehensive Income (2/2) 23
Slide 24: Statement of Financial Position (1/2)
Statement of Financial Position (1/2) 24
Slide 25: Statement of Financial Position (2/2)
Statement of Financial Position (2/2) 25
Slide 26: Statement of Cash Flows (1/2)
Statement of Cash Flows (1/2) 26
Slide 27: Statement of Cash Flows (2/2)
Statement of Cash Flows (2/2) 27
Slide 28: Media Release
28 MEDIA RELEASE May 47, 2024 ‘Metro Retail posts net income of PhP50 million in 1@ 2024 17 May 2024, Manila, Philippines ~ Metro Retail Stores Group, ne. (MRSGI) registered PHFSO.3 milion ‘net income in the frst quarter of 2024. 3 dip of 16% from PhP60.0 milion of the same period a year ago. ‘mainl
Slide 29: Disclaimer
Disclaimer 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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