Emperador Inc. · PSE:EMI
Emperador — H1 2019 Earnings Presentation
16 slides from Emperador's earnings presentation, 2019
Slide 1: Emperador Inc. 1H2019 Financial Results
EMPERADOR INC. 1 H 2 0 1 9 F I N A N C I A L R E S U LT S 1
Slide 2: 1H2019 Financial Results
1H2019 FINANCIAL RESULTS 1. OUR FINANCIALS 2. UPDATES 3. KEY TAKEAWAYS
Slide 3: 1H2019 Financial Highlights
OUR FINANCIALS 1H2019 Financial Highlights P21.5b P3.3b 28% 1.6b REVENUES WHISKY NET INCOME* BRANDY 72% 11% 15.2% 1.9% NET INCOME REVENUE NET INCOME MARGIN * GROWTH * BREAKDOWN *Attributable to parent
Slide 4: 1H19 Performance Update
OUR FINANCIALS 1H19 Performance Update 2Q19 YoY 1H18 1H19 YoY Commentary Growth driven by imported brandy; whisky REVENUES (PHPm) 10,425 7% 19,504 21,450 10% revenues in PHP affected by GBP weakness. GROSS PROFIT Overall gross profit margin 3,635 -2% 7,060 7,323 4% remains in mid 30s; raw (PHPm) GRO
Slide 5: Latest Financial Performance
OUR FINANCIALS Latest Financial Performance Revenues (PHPm) Gross Profit (PHPm) & Margin 10% 37.8% 35.3% 36.9% 34.8% 7% 19,504 21,450 4% 7,060 7,323 9,760 10,425 3,714 3,635 -2% 2Q18 2Q19 1H18 1H19 2Q18 2Q19 1H18 1H19 EBITDA (PHPm) & Margin Net Income (PHPm) & Margin* 23.7% 16.45% 16.36% 22.7% 22.1%
Slide 6: Financial History
OUR FINANCIALS Financial History Revenues (PHPm) 19% Gross profit (PHPm) & Margin 15% CAGR 35% 34% 38% 35% 35% 43,645 47,050 31% 31% CAGR 41,018 42,656 26% 15,306 14,942 16,041 29,865 32,009 13,679 23,594 10,903 17,355 8,210 9,225 4,445 2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 201
Slide 7: Segment Breakdown
OUR FINANCIALS SEGMENT BREAKDOWN Revenues Gross Profit EBITDA Net Income (PHPm) 1H18 1H19 1H18 1H19 1H18 1H19 1H18 1H19 Brandy 13,393 15,344 4,705 4,786 3,569 3,452 2,373 2,268 Whisky 6,111 6,107 2,354 2,537 1,058 1,278 890 997 EMP Inc. 19,504 21,450 7,060 7,323 4,626 4,731 3,263 3,266 • Revenues, n
Slide 8: Gross Profit Margin
OUR FINANCIALS Gross Profit Margin 41.3% 40.2% 38.9% 39.7% 37.3% 35.2% 34.6% 34.8% 37.1% 34.6% 35.1% 32.7% 31.6% 31.7% 31.6% 30.1% Whisky 19.7% Brandy 18.1% Emp. Inc 2014 2015 2016 2017 2018 1H19
Slide 9: Solid Capital Position
OUR FINANCIALS Solid Capital Position Cash Debt Net Debt Net Debt to Equity Commentary (PHPm) Lower PHP equivalent of Euro 6,362 37,904 31,542 50% loan due to Euro weakness and some debt repayment 1H19 6,362 32,568 26,206 41% Ex Equity-linked security Lower cash due to share buyback 6,228 39,274 33,
Slide 10: 1H2019 Financial Results
1H2019 FINANCIAL RESULTS 1. OUR FINANCIALS 2. UPDATES 3. KEY TAKEAWAYS
Slide 11: Fundador Supremo 18 YO
FUNDADOR SUPREMO 18 YO Best Brandy in the World 2019 International Wine and Spirit Competition (IWSC) Fundador Supremo 18 competed against 100 top-tier brandies from all over the world to win the IWSC Worldwide Brandy Trophy Award for 2019.
Slide 12: Updates: Brandy Hierarchy
UPDATES Brandy Hierarchy c. Php120 c. Php260 c. Php350 12
Slide 13: Updates: Malt Hierarchy
UPDATES Malt Hierarchy c.Php1,250 c.Php1,700 c.Php1,900 c.Php2,500 c.Php3,580 13
Slide 14: 1Q2019 Financial Results
1Q2019 FINANCIAL RESULTS 1. OUR FINANCIALS 2. UPDATES 3. KEY TAKEAWAYS
Slide 15: Key Takeaways
KEY TAKEAWAYS Future-proofing, Premiumization and Profitability Future-proofing dominance Premiumization Profitability We want to secure our We are best positioned We want margin dominance in to do premiumization sustainability and Philippine liquor while in the Philippines. stability. making a dent
Slide 16: Emperador Inc.
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