Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — Q1 2023 Earnings Presentation
21 slides from Cosco Capital's earnings presentation, May 2023
Slide 1: Cosco Capital, Inc. First Quarter 2023 Financial Results
Cosco Capital, Inc. First Quarter 2023 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: Revenues and Net Income Contribution 1Q 2023
Revenues and Net Income Contribution 1Q 2023 Revenues PATMI Specialty Retail 1% Real Estate Liquor 14% Distribution Grocery 5% Retailing 67% Real Estate Liquor 1% Distribution 18% Grocery Retailing 93% Specialty Retail 1% PHP 47.5 billion PHP 3.1 billion +16% vs 1Q 2022 +14.4% vs 1Q 2022 4
Slide 5: 1Q 2023 Consolidated Financial Performance
1Q 2023 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) Q12023 % Q12022 % (DECREASE) % REVENUES 47,477,202 100.00% 40,680,227 100.00% 6,796,975 16.71% COST OF SALES/SERVICES 37,886,962 79.80% 32,183,181 79.11% 5,703,781 17.72% GROSS PROFIT 9,590,240 20.20% 8,497,045 20.89% 1,093,195 12.87
Slide 6: Grocery Retail: 1Q 2023 Financial Highlights
Grocery Retail: 1Q 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +15.2% +10.7% 184,303 164,125 33,820 30,083 20.0% 19.2% 38,507 44,352 18.4% 7,698 8,521 18.3% FY2021 FY2022 Q12022 Q12023 FY2021 FY2022 Q12022 Q12023 GP GP Margin EBITDA and Margin Net Profit and Margin +
Slide 7: Grocery Retail: Operating Highlights
Grocery Retail: Operating Highlights • Puregold opened 5 new stores in 1Q 2023, • S&R opened 1 S&R warehouse club in Kawit, Cavite • Opened 1 QSR in Valenzuela • As of 1Q 2023, the Grocery Retailing segment is operating a total of 531 stores PUREGOLD S&R S&R QSR Metro Manila 145 12 27 Luzon 249 7 18
Slide 8: Grocery Retail: Operating Highlights
Grocery Retail: Operating Highlights Sales Performance 8
Slide 9: Liquor Distribution
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 10: Liquor Distribution: 1Q 2023 Financial Highlights
Liquor Distribution: 1Q 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 13,957 +33.6% +34.8% 3,474 11,035 2,939 26.6% 26.8% 27.1% 24.9% 2,169 2,897 582 785 FY2021 FY2022 Q12022 Q12023 FY2021 FY2022 Q12022 Q12023 GP GP Margin EBITDA and Margin Net Profit and Margin +30.1%
Slide 11: Real Estate: 1Q 2023 Financial Highlights
Real Estate: 1Q 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +8.68 +10.54% 1,696 1,816 1,075 1,088 68.4% 67.3% 63.4% 449 488 59.9% 302 334 FY2021 FY2022 Q12022 Q12023 FY2021 FY2022 Q12022 Q12023 GP GP Margin EBITDA and Margin Net Profit and Margin 1,165 1,237 +8.33 91
Slide 12: Real Estate: Operating Highlights
Real Estate: Operating Highlights Date Opened: Jan. 24, 2023 GLA: 3,949.74 sqm. Occupancy: 100% 12
Slide 13: Office Warehouse: 1Q 2023 Financial Highlights
Office Warehouse: 1Q 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 1,788 +42.5% +34.8% 1,556 484 409 27.3% 25.9% 556 144 390 26.3% 27.0% 107 FY2021 FY2022 Q12022 Q12023 FY2021 FY2022 Q12022 Q12023 GP GP Margin EBITDA and Margin Net Profit and Margin +34.9% +73.6% 166 1
Slide 14: Office Warehouse: Operating Highlights
Office Warehouse: Operating Highlights OFFICE WAREHOUSE, INC. • SSSG of +37.9% in 1Q 2023 vs -9.3% in 1Q 2022 due to opening up of the economy and increased mobility starting 2Q 2022. FY 2021 FY2022 Q1 2022 Q12023 No. Stores 87 94 85 96 Net selling area 15,267 sqm 15,741 sqm 14,973 sqm 15,741 sqm 14
Slide 15: CAPEX Guidance for 2023
CAPEX Guidance for 2023 • CAPEX Budget of Php 12.2 billion in 2023 - Php 11.9 billion for Puregold Group • Php 2.3 billion for 30 new Puregold Stores • Php 4.1 billion for 4 S&R WHs, and 10 S&R QSR • Php 3.5 billion for logistics capex • Php 2 billion for maintenance capex, solar and IT upgrades - P
Slide 16: Sustainability Highlights 2022
Sustainability Highlights 2022 16
Slide 17: Sustainability Highlights - 2022
Sustainability Highlights - 2022 17
Slide 18: Sustainability Highlights - 2022
Sustainability Highlights - 2022 18
Slide 19: Sustainability Highlights - 2022
Sustainability Highlights - 2022 19
Slide 20: UN Sustainability Goals
© cosco capital UN Sustainability Goals 6 CLEAN WATER ‘AND SANITATION UN SDG Contributions
Slide 21: Thank you
& COSCO capital i nc or porated Thank you