John Keells Holdings Plc · CSELK:JKH.N0000
John Keells — Q2 2024/25 Earnings Presentation
27 slides from John Keells's earnings presentation, Nov 13, 2024
Slide 1: JKH Investor Presentation: Review of Q2 2024/25
JKH Investor Presentation Review of Q2 2024/25 13 November 2024 Version 3.0
Slide 2: EBITDA: For the quarter ended 30 September
EBITDA: For the quarter ended 30 September EBITDA* Q2 2024/25 Q2 2023/24 Variance Variance % (Rs. Million) Transportation 1,982 1,700 282 17 Consumer Foods 1,611 1,237 374 30 Retail 2,390 1,983 407 21 Leisure (136) 1,065 (1,201) (113) City of Dreams Sri Lanka (1,181) (198) (983) (495) Leisure excl.
Slide 3: EBITDA: For the six months ended 30 September
EBITDA: For the six months ended 30 September EBITDA* YTD 2024/25 YTD 2023/24 Variance Variance (%) (Rs. Million) Transportation 3,537 4,118 (581) (14) Consumer Foods 3,104 1,956 1,148 59 Retail 4,636 3,970 666 17 Leisure (930) 1,349 (2,279) (169) City of Dreams Sri Lanka (1,957) (457) (1,499) (328)
Slide 4: Quarterly EBITDA movement
Quarterly EBITDA movement EBITDA 2023/24 2024/25 (Rs. Million) Q2 Q3 Q4 Q1 Q2 Transportation 1,700 2,327 2,328 1,555 1,982 Consumer Foods 1,237 897 2,157 1,493 1,611 Retail 1,983 2,390 2,407 2,246 2,390 Leisure 1,065 2,560 5,249 (794) (136) Property (435) 60 (634) (67) 111 Financial Services 1,702 4
Slide 5: Quarterly movement of finance costs
Quarterly movement of finance costs Finance Costs Q2 Q1 Q4 Q3 Q2 (Rs. Million) 2024/25 2024/25 2023/24 2023/24 2023/24 Transportation 143 163 149 156 178 Consumer Foods 82 88 155 179 173 Retail 584 618 672 731 832 Leisure (563)* 1,947 (1,515)* 983 2,928 Property 20 25 29 34 27 Financial Services 136
Slide 6: PBT: For the quarter ended 30 September
PBT: For the quarter ended 30 September PBT Q2 2024/25 Q2 2023/24 Variance Variance (%) (Rs. Million) Transportation 1,718 1,530 188 12 Consumer Foods 1,190 779 411 53 Retail 890 500 390 78 Leisure (331) (2,721) 2,390 88 Property (6) (395) 390 99 Financial Services 1,808 1,695 113 7 Other, incl. IT
Slide 7: Key financial indicators: For the quarter ended 30 September
Key financial indicators: For the quarter ended 30 September (Rs. Million) Q2 2024/25 Q1 2024/25 Q4 2023/24 Group debt* excl. leases and incl. convertible debenture 241,472 233,026 214,101 Group debt excl. leases and convertible debenture 230,410 222,417 203,899 Cash and cash equivalents 91,751** 89
Slide 8: Rights Issue followed by a Sub-division of Ordinary Shares
Rights Issue followed by a Sub-division of Ordinary Shares ▪ As announced to the CSE, on 30th July 2024, the Board recommended to the Shareholders a Rights Issue of Ordinary Shares, followed by a Sub-division of Ordinary Shares. ▪ The Rights Issue was in the proportion of One (1) new Ordinary Share
Slide 9: Overview of ESG initiatives
Overview of ESG initiatives ▪ The Group’s carbon footprint per million rupees of revenue decreased by 11% to 0.38 MT. o In absolute terms, the Group’s carbon footprint increased by 6% to 30,793 MT primarily due to the increased operational activities in the Transportation, Consumer Foods and Superma
Slide 10: Transportation: Port of Colombo
Transportation: Port of Colombo Port of Colombo Port of Colombo Volumes 1,000 894 900 846 810 821 796 800 TEU'S 000 700 653 600 555 566 480 459 500 516 512 400 482 462 428 300 Q2 Q3 Q4 Q1 Q2 2023/24 2024/25 SAGT SLPA CICT *SLPA includes volumes of JCT and ECT terminals 10
Slide 11: Transportation: Q2 2024/25
Transportation: Q2 2024/25 Port Business (South Asia Gateway Terminal) Q2 Earnings Update: 2023/24 2024/25 Q2 Q2 Volumes (TEUs) (Rs. mn) Q2 Q3 Q4 Q1 Q2 2024/25 2023/24 SAGT 482,255 427,922 462,379 516,373 511,987 EBITDA 1,982 1,700 ▪ SAGT and LMS recorded a strong growth in Domestic: profitability,
Slide 12: WCT-1: Construction progress
WCT-1: Construction progress ▪ The construction and installation works on the West Container Terminal (WCT-1) at the Port of Colombo is progressing well. ▪ The first batch of quay and yard cranes arrived in September 2024, following which the commissioning is expected to be completed by the third qu
Slide 13: Consumer Foods: Q2 2024/25
Consumer Foods: Q2 2024/25 Q2 Earnings Update: Key performance 2023/24 2024/25 Q2 Q2 indicators (%) (Rs. mn) Q2 Q3 Q4 Q1 Q2 2024/25 2023/24 Volume growth: EBITDA 1,611 1,237 Frozen Confectionery (FC) (2) (2) 24 27 17 ▪ Growth in profitability is mainly driven by Beverages (CSD) 5 0 42 8 13 the Bever
Slide 14: Beverages and FC: EBITDA margin analysis
Beverages and FC: EBITDA margin analysis CSD volumes (indexed) FC volumes (indexed) 120 160 100 120 80 60 80 40 40 20 0 0 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 25% 20% Beverages and FC E
Slide 15: Retail: Q2 2024/25
Retail: Q2 2024/25 Supermarket business: Q2 Earnings Update: Key performance 2023/24 2024/25 Q2 Q2 indicators (%) (Rs. mn) Q2 Q3 Q4 Q1 Q2 2024/25 2023/24 Same store sales EBITDA 2,390 1,983 10.4 10.7 10.7 12.0 13.8 growth ▪ The Supermarket business recorded a Same store footfall strong performance,
Slide 16: Supermarket business EBITDA margins and electricity cost impact
Supermarket business EBITDA margins and electricity cost impact EBITDA and electricity cost Recurring Electricity EBITDA cost (as a % 2,500 2,500 margin (%) of revenue) Q1 7.6 1.8 2,000 2,000 Q2 6.9 2.2 Electricity cost (Rs. million) 2022/23 EBITDA (Rs. millions) Q3 7.7 1.9 1,500 1,500 Q4 7.7 2.4 Q1
Slide 17: Retail: Q2 2024/25 vs Q2 2023/24
Retail: Q2 2024/25: vs Q2 2023/24 Same Store Same Store ABV Sales Footfall 1.4% 13.8% 12.3% Q2 2023/24: Q2 2023/24: Q2 2023/24: ▪ The conversion of standard format ▪ Continued to attract new customers as well ▪ September 2023 NCPI (YoY): 0.8%. outlets to an extended format, along as improved footfal
Slide 18: Tourist arrivals to Sri Lanka: recovery trend post-pandemic
Tourist arrivals to Sri Lanka: recovery trend post-pandemic 280 Sri Lanka - Monthly Tourist Arrivals Month 2018 2023 2024 240 Jan 238,924 102,545 208,253 Feb 235,618 107,639 218,350 200 Mar 233,382 125,495 209,181 Arrivals ('000) Apr 180,429 105,498 148,867 160 May 129,466 83,309 112,128 Jun 146,828
Slide 19: Tourist arrivals to the Maldives: recovery trend post-pandemic
Tourist arrivals to the Maldives: recovery trend post-pandemic 240 The Maldives - Monthly Tourist Arrivals Month 2019 2023 2024 200 Jan 151,552 172,499 192,385 Feb 168,583 177,915 217,392 Mar 162,843 173,514 194,227 Arrivals ('000) 160 Apr 163,114 164,357 168,366 May 103,022 120,959 119,875 120 Jun
Slide 20: Comparison of outbound travel – China and India
Comparison of outbound travel – China and India 180 160 155 140 Number of departures (millions) 120 100 2007 - India GDP Per Capita - USD 1,023 80 Outbound travel - 9.8 million 60 2000 - China GDP Per Capita - USD 959 Outbound travel - 40 10.5 million 27 20 10 4 - 2000 2001 2002 2003 2004 2005 2006
Slide 21: Leisure: Q2 2024/25
Leisure: Q2 2024/25 Q2 Earnings Update: 2023/24 2024/25 Q2 Q2 Key indicators (Rs. mn) Q2 Q3 Q4 Q1 Q2 2024/25 2023/24 Colombo Hotels* EBITDA (136) 1,065 Occupancy (%) 67 57 67 40 66 EBITDA excluding ‘City of Dreams Sri Lanka’ is Rs.1.04 billion for Q2 2024/25 and Rs.1.26 billion for Q2 2023/24. ARR (
Slide 22: City of Dreams Sri Lanka
City of Dreams Sri Lanka ▪ The 687-key 'Cinnamon Life' hotel, restaurants and banquet facilities commenced operations on 15 October 2024. ▪ The full array of food and beverage options, including the unique outdoor locations will be progressively launched as operations continue to ramp up. ▪ Fit-out
Slide 23: City of Dreams Sri Lanka
City of Dreams Sri Lanka 23
Slide 24: City of Dreams Sri Lanka
City of Dreams Sri Lanka 24
Slide 25: Property: Q2 2024/25
Property: Q2 2024/25 Cumulative sales update as at 30 September 2024: Q2 Earnings Update: Number of units Number of remaining Q2 Q2 sold units (Rs. mn) 2024/25 2023/24 Cinnamon Life: EBITDA 111 (435) The Residence at Cinnamon Life 151 80 ▪ The growth in profitability is driven by The Suites at Cinna
Slide 26: Financial Services: Q2 2024/25
Financial Services: Q2 2024/25 Union Assurance PLC: Q2 Earnings Update: Q2 Q3 Q4 Q1 Q2 Key performance 2023/24 2023/24 2023/24 2024/25 2024/25 Q2 Q2 indicators (%) (Jul-Sep (Oct-Dec (Jan-Mar (Apr-Jun (Jul-Sep (Rs. mn) 2024/25 2023/24 2023) 2023) 2024) 2024) 2024) EBITDA 1,809 1,702 GWP growth 15 12
Slide 27: THANK YOU
THANK YOU This document was produced by John Keells Holdings PLC for information purposes only. The information contained in this document are a review of the financial information pertaining to Q2 2024/25 and does not constitute an issue prospectus or a financial analysis. This Investor Presentatio
John Keells Holdings — Q2 2024/25 Earnings Presentation on 6ix