Puregold Price Club Inc. · PSE:PGOLD
Puregold Price Club — Q1 2025 Earnings Presentation
25 slides from Puregold Price Club's earnings presentation, May 2025
Slide 1: NASAIYOANGPANALO NASAIYOANGPANALO NASAIYOANGPANALO
NASAIYOANGPANALO NASAIYOANGPANALO NASAIYOANGPANALO NASAIYOANGPANALO NASAIYOANGPANALO
Slide 2: 1Q25 Results & Performance
1Q25 RESULTS & PERFORMANCE Puregold Price Club, Inc. Presentation May 2025 Years of Serbisyong Always Panalo Para Sa Pilipino
Slide 3: Disclaimer
DISCLAIMER These presentations and/or other documents have been written and presented by Puregold Price Club, Inc. (PGOLD). PGOLD is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. Third parties, other than PGOLD, do not have any res
Slide 4: Pure Play Philippine Food Retailer
Pure Play Philippine Food Retailer A Proxy for the Philippine Consumption Story • Robust topline growth from an enterprise with the broadest consumer segments • Healthy cash flows and a simple capital structure • Two marquee brands in Philippine retail: Puregold stores and S&R WHs • Beneficiary of a
Slide 5: Puregold Enterprise
Puregold Enterprise • Caters to the low income and low-middle income customers • Lower C, D and E market • Sari sari store customers/resellers • Popular local and small sized SKUs • Robust selling platform for all FMCG cos. doing business in PH • Membership shopping model • Catering to the upper inc
Slide 6: Shareholder Distribution
Shareholder Distribution Year EPS DIV 2016 2.00 0.40 2017 1.99 0.40 2018 2.24 0.40 2019 2.30 0.45 2020 2.81 0.50 2021 2.85 0.86 2022 3.24 0.97 2023 3.00 0.90 2024 3.62 1.81 5YR CAGR 9.5% 32.1% EPS DIV * In Dec 2022, new dividend policy to declare as dividend at least 30% of income of the previous ye
Slide 7: Pillars of Growth 2025 - 2026
Pillars of Growth 2025 - 2026 01 02 03 04 05 More Stores More Loyal Bigger & Profitable Robust Org Development Shoppers Baskets Supply Chain & ESG Sustainability • End to End Supply • Institute rollout of • +8% to 10% organic • High potential • Disproportionate shopper wholesale Chain Reinvention tr
Slide 8: Store Portfolio – 1Q 2025
Store Portfolio – 1Q 2025 GEOGRAPHIC COVERAGE KEY STATS NEW PG + S&R STORES 2024 TOTAL NUMBER 757 Opened OF STORES N.Luzon 195 348 hypermarkets 3 new Puregold Stores + 97 supermarkets 153 Puremart Stores 211 Metro Manila NO. OF STORES 66 extra/minimart 1 re-open S&R Warehouse PER FORMAT 153 Puremart
Slide 9: Financial Performance – 1Q 2025
Financial Performance – 1Q 2025 9
Slide 10: Operating Performance – 1Q 2025
Operating Performance – 1Q 2025 REVENUE CONTRIBUTION 34% 66% Puregold S&R 10
Slide 11: Financial Highlights – 1Q 2025
Financial Highlights – 1Q 2025 CONSO REVENUE GROSS PROFIT EBITDA MARGIN % MARGIN % NIAT 1Q 24 Php 52.42 bn 19.6% 10.5% Php 2.64 bn YoY +10.8% +1 bps +0 bps +6.5% 11
Slide 12: Financial Performance – Conso 1Q
Financial Performance – Conso 1Q 2024 NET SALES BREAKDOWN QTR NET SALES TREND in PHP Billions 10.8% 52.4 47.8 9.5% 34.7 31.7 13.4% 15.6 17.7 1Q 24 1Q 25 >> Record 1Q 2025 net sales. Double-digit sales growth YoY for the group. >> 1Q 25 YoY major contributors are higher ticket size in PG store and hi
Slide 13: Margin Trends – Conso 1Q 2025
Margin Trends – Conso 1Q 2025 24.0% >> Groupwide competitive 22.0% pricing initiatives for market 19.6% share volume growth tempered 20.0% 18.3% 18.4% 17.8% 18.0% 18.0% 16.8% 17.3% by effect of joint business plans 16.0% with suppliers GPM 14.0% EBITDAM >> Higher OPEX due to more store EBITM 12.0% 1
Slide 14: CAPEX Guidance for FY 2025
CAPEX Guidance for FY 2025 CAPEX Budget of Php 6.35 billion in 2025 Php 1.9 billion for 30 new Puregold Stores Php 3.0 billion for 3 S&R WHs and 14 S&R QSRs Php 200 million for logistics capex Php 1.25 billion for maintenance capex, solar projects and IT upgrades 14
Slide 15: Updated Management Guidance 2025
Updated Management Guidance 2025 Consolidated Revenue Growth 6% to 8% target Gross Profit Margin Puregold Stores: 15.5% to 16.5% target S&R WH: 21.5% to 22.5% target 15
Slide 16: Update on Puremart Acquisition 2024
Update on Puremart Acquisition 2024 Acquisition Cost: Php 568 million EV/EBITDA Multiple: 4x # of stores: 153 stores Average Store size: 150 sqm Rationale: Address “proximity shopping” Cheaper costs (less than Php 2.5 million/store) 16
Slide 17: Q&A
FY 2024 RESULTS & PERFORMANCE Puregold Price Club, Inc. Presentation Q&A
Slide 18: Thank you
Thank you LO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO O ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO LO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO ANG PANALO NASA IYO AN
Slide 19: Annex
1Q2025 RESULTS & PERFORMANCE Puregold Price Club, Inc. Presentation ANNEX
Slide 20: Financial Performance 1Q25 – PGOLD Only
Financial Performance 1Q25 – PGOLD Only NET SALES (in PHP Billions) GROSS PROFIT & MARGIN (in PHP Billions) 200 180 30,000 160 144.93 22,882 24.0% 140 124.3 133.77 25,000 21,239 120 115.14 18,476 20,178 22.0% 20,000 100 80 15,000 17.8% 18.0% 20.0% 16.0% 16.2% 15.9% 15.8% 18.0% 60 40 31.69 34.69 10,0
Slide 21: Financial Performance 1Q25 – PGOLD Only
Financial Performance 1Q25 – PGOLD Only EBITDA & MARGIN (in PHP millions) NET INCOME & MARGIN (in PHP Millions) 000 20.0% 9,000 15.0% 18.0% 000 8,000 6,522 13.0% 9,471 10,152 9,753 10,434 16.0% 7,000 000 14.0% 6,000 5,557 5,773 11.0% 000 9.0% 12.0% 8.7% 8.9% 5,000 4,130 4.5% 7.0% 8.2% 000 10.0% 8.2%
Slide 22: Financial Performance 1Q25 – S&R Only
Financial Performance 1Q25 – S&R Only NET SALES (in PHP Billions) GROSS PROFIT & MARGIN (in PHP Billions) 80 74.24 70 65.27 60.00 20,000 70.0% 16,620 60 18,000 49.04 13,642 14,175 60.0% 16,000 50 40 14,000 12,000 11,607 50.0% 10,000 40.0% 30 3,624 4,004 15.63 17.73 8,000 20 6,000 23.7% 22.7% 21.7% 2
Slide 23: Financial Performance 1Q25 – S&R Only
Financial Performance 1Q25 – S&R Only EBITDA & MARGIN (in PHP millions) NET INCOME & MARGIN (in PHP Millions) 7,000 30.0% 2,000 50.0% 10,550 6,000 0,000 8,923 8,657 45.0% 4,972 5,181 25.0% 8,209 40.0% 35.0% 5,000 4,492 4,302 20.0% 8,000 30.0% 4,000 15.0% 6,000 25.0% 16.6% 14.9% 14.2% 14.3% 13.7% 3,0
Slide 24: Financial Performance – 1Q 2025
Financial Performance – 1Q 2025 DEC 2024 1Q 2025 Trade Receivables Days 6.3 5.5 Inventory Days 57.3 65.3 Trade Payables Days 38.2 38.5 Cash Conversion Cycle 25.4 32.3 Notes: 1.Average of inventory at the beginning and end of the period / cost of sales x 363 (for full year)) 2.Average of trade receiv
Slide 25: Sustainability Highlights 2024
Sustainability Highlights 2024 25