Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — FY2023 Earnings Presentation
20 slides from Cosco Capital's earnings presentation, 2024
Slide 1: Cosco Capital, Inc. FY 2023 Financial Results
Cosco Capital, Inc. FY 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 FY 2023
Revenues and Net Income Contribution FY 2023 Revenues Net Income Specialty Retail 1% Liquor Grocery Retailing 69% Real Estate 7% Distribution 5% Liquor Real Estate Distribution 1% 23% Grocery Retailing 93% Specialty Retail 1% PHP 214.5 billion PHP12.4 billion +8.8% vs FY 2022 +1% vs FY 2022 4
Slide 5: FY 2023 Consolidated Financial Performance
FY 2023 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) FY2023 % FY2022 % (DECREASE) % REVENUES 214,484,426 100.00% 197,136,763 100.00% 17,347,663 8.80% COST OF SALES/SERVICES 173,849,129 81.05% 159,028,773 80.67% 14,820,356 9.32% GROSS PROFIT 40,635,297 18.95% 38,107,990 19.33% 2,527,307
Slide 6: Grocery Retail: FY 2023 Financial Highlights
Grocery Retail: FY 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +8% +4.7% 184.3 199.03 45 168.63 164.12 40 33.82 35.41 35 29.16 30.08 27.0% 30 25 22.0% 20 17.3% 18.3% 18.4% 17.8% 15 17.0% 10 5 0 12.0% 2020 2021 2022 2023 2020 2021 2022 2023 Gross Profit GP Margin 30,0
Slide 7: Grocery Retail: Operating Highlights
Grocery Retail: Operating Highlights • Puregold opened 37 new stores in 2023 with 23 Divimart conversion, closed down 1 store • S&R opened 4 S&R warehouse clubs in Kawit, Naga, Calasiao and Lucena. • Opened 3 QSR in Valenzuela, Tanauan and Gapan. • As of 2023, the Grocery Retailing segment is operat
Slide 8: Grocery Retail: Operating Highlights
Grocery Retail: Operating Highlights Sales Performance Traffic (in thousands) Ticket Store Count Overall CY PY Dec 2023 Dec 2022 % growth Dec 2023 Dec 2022 % growth Puregold 488 452 138,068 125,820 9.7% 969 988 -1.9% S&R WH 26 22 12,785 11,657 9.7% 4,963 5,141 -3.5% 8
Slide 9: Liquor Distribution: Market Leadership
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: FY 2023 Financial Highlights
Liquor Distribution: FY 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +16.9% +28.1% 16,313 5,000 4,450 13,957 4,000 3,474 11,035 2,939 3,000 27.3% 26.6% 2,000 24.9% 1,000 FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 GP GP Margin EBITDA and Margin Net Profit and Margin +28
Slide 11: Real Estate: FY 2023 Financial Highlights
Real Estate: FY 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +7.1% +11.2% 1,211 1,945 63.4% 1,816 62.3% 1,075 1,088 1,696 59.9% FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 GP GP Margin EBITDA and Margin Net Profit and Margin +8.5% +10.4% 1,400 80.0% 1,342 940 933 99.0%
Slide 12: Real Estate: Operating Highlights
Real Estate: Operating Highlights Date Opened: Jan. 24, 2023 GLA: 3,949.74 sqm. Occupancy: 91% 12
Slide 13: Office Warehouse: FY 2023 Financial Highlights
Office Warehouse: FY 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +20.4% +12.2% 2,153 600 484 542 80.0% 1,788 500 1,556 409 60.0% 400 300 40.0% 200 26.3% 27.0% 25.2% 20.0% 100 0.0% FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 GP GP Margin EBITDA and Margin Net Profit and
Slide 14: Office Warehouse: Operating Highlights
Office Warehouse: Operating Highlights OFFICE WAREHOUSE, INC. • SSSG of +14.9% in 2023 vs +13.8% in 2022 Growth Drivers: Robust economic activities Ample supply of printer and consumables Return of face-to-face classes & on-site office work Aggressive marketing campaign in all channels FY 20
Slide 15: CAPEX Guidance for 2024
CAPEX Guidance for 2024 • CAPEX Budget of Php 8.7 billion in 2024 - Php 8.1 billion for Puregold Group • Php 2.4 billion for 30 new Puregold Stores • Php 3.8 billion for 4 S&R WHs, and 6 S&R QSR • Php 500 million for logistics capex • Php 1.4 billion for maintenance capex, solar and IT upgrades - Ph
Slide 16: Sustainability Highlights 2023
Sustainability Highlights 2023 Sustainability Highlights 2023 ECONOMIC CONTRIBUTION PHP 16.6M PHP 5.22B taxes PHP 4.5B invested to paid to the employee wages community government and benefits including LCCK 13,058 total no. of direct employees 0 incidents of corruption 16
Slide 17: Sustainability Highlights 2023
Sustainability Highlights 2023 ENVIRONMENT PERFORMANCE 20.1M Clean 101M reduction of plastic bags electricity produced used in Puregold stores compared Solar Power rooftop in to 2018 26 S&R Warehouse 54% of Puregold stores use paper Clubs, 1 S&R bags and promote monthly Distribution Center, and upsi
Slide 18: Sustainability Highlights 2023
Sustainability Highlights 2023 SOCIAL RESPONSIBILITY 994 scholars graduated, 57% female 0 legal actions or 137 passed licensure employees in the employee grievance on exam, 260 current no. workforce forced and child labor of scholars 827,000+ Puregold Sari- Sari Store members 1.9M Puregold (Support
Slide 19: UN Sustainability Goals
© Cosco capital UN Sustainability Goals NO GOOD HEALTH POVERTY ‘AND WELL-BEING QUALITY EDUCATION GENDER CLEAN WATER EQUALITY AND SANITATION DECENT WORK AND ECONOMIC GROWTH 10 REDUCED — d=) CLIMATE PEACE, JUSTICE 1 ACTION 1 AND STRONG @& INSTITUTIONS “2 SUSTAINABLE DEVELOPMENT GOALS 19
Slide 20: Thank you
& Cosco capital Thank you