Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — H1 2022 Earnings Presentation
20 slides from Cosco Capital's earnings presentation, August 2022
Slide 1: Cosco Capital, Inc. 1H 2022 Financial Results
Cosco Capital, Inc. 1H 2022 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: Revenue and PATMI Contributions 1H 2022
REVENUE AND PATMI CONTRIBUTIONS 1H 2022 Revenues CORE PATMI Specialty Retail 1% Liquor Grocery Real Estate 13% Distribution Retailing 64% 4% Real Estate Liquor 1% Distribution 23% Grocery Retailing 94% Specialty Retail 0% PHP 87.44 billion PHP 3.24 billion +8.5% vs 1H 2021 +9.4% vs 1H 2021 4
Slide 5: 1H 2022 Consolidated Financial Performance
1H 2022 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) 1H2022 % 1H2021 % (DECREASE) % REVENUES 87,444,057 100.00% 80,601,462 100.00% 6,842,596 8.49% COST OF SALES/SERVICES 69,865,110 79.90% 64,789,112 80.38% 5,075,998 7.83% GROSS PROFIT 17,578,948 20.10% 15,812,350 19.62% 1,766,598 11.17
Slide 6: Grocery Retail: 1H 2022 Financial Highlights
Grocery Retail : 1H 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 168,632 164,125 +7.9% +9.8% 154,490 29,156 30,083 25,951 76,183 82,236 18.3% 14,279 15,676 17.3% 19.1% 18.7% 16.8% FY2019 FY2020 FY2021 1H2021 1H2022 FY2019 FY2020 FY2021 1H2021 1H2022 GP GP Margin EBITD
Slide 7: Grocery Retailing: Operating Highlights
Grocery Retailing: Operating Highlights • Puregold opened 9 new stores during 1H 2022, out of targeted 25 new stores, 1 Metro manila, 7 Luzon, 1 Visayas, closed 1 store in Metro Manila • As of 1H 2021, the Grocery Retailing segment is operating a total of 507 stores PUREGOLD S&R S&R QSR Metro Manila
Slide 8: Grocery Retail Segment – Operating Highlights
Grocery Retail Segment – 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: 1H 2022 Financial Highlights
Liquor Distribution: 1H 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 10,717 11,035 +27.4% 2,939 +32.9% 8,167 2,458 2,235 5,476 1,509 4,299 27.4% 1,135 26.6% 27.6% 22.9% 26.4% FY2019 FY2020 FY2021 1H2021 1H2022 FY2019 FY2020 FY2021 1H2021 1H2022 GP GP Margin EBITDA and
Slide 11: Liquor Distribution: Operating Highlights
Liquor Distribution: Operating Highlights • 23% growth in total volume of cases sold in 1H 2022 • Successful follow-on offering listing on November 19, 2021 in the PSE • Growth driven by the increase in the brandy, wines and specialty beverages. (in thousand cases) CATEGORY 1H 2022 % Mix 1H 2021 % M
Slide 12: Real Estate Segment: 1H 2022 Financial Highlights
Real Estate Segment: 1H 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +5.26 1,486 +3.49% 2,147 69.2% 1,085 1,075 1,696 1,696 67.0% 65.8% 824 867 63.4% 552 571 64.0% FY2019 FY2020 FY2021 1H2021 1H2022 FY2019 FY2020 FY2021 1H2021 1H2022 GP GP Margin EBITDA and Margin 1,5
Slide 13: Real Estate Segment: On-going developments
Real Estate Segment: On-going developments PUREGOLD-ANTIPOLO PUREGOLD-BIÑAN (SUMULONG) PROJECT COST:P119M PROJECT COST: P142M ACCOMPLISHMENT: 50.20% ACCOMPLISHMENT: 71.41% TARGET COMPLETION: TARGET COMPLETION: November 2022 Opened July 2022 • 2Q -Acquired 8,678 sqm lot in Sandoval Ave. in Pasig City
Slide 14: Office Warehouse: 1H 2022 Financial Highlights
Office Warehouse: 1H 2022 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 2,451 642 +1.1% 1,672 1,556 449 409 789 788 210 212 26.2% 26.8% 26.3% 26.6% 26.9% FY2019 FY2020 FY2021 1H2021 1H2022 FY2019 FY2020 FY2021 1H2021 1H2022 GP GP Margin EBITDA and Margin Net Profit and Marg
Slide 15: Office Warehouse: Operating Highlights
Office Warehouse: Operating Highlights OFFICE WAREHOUSE, INC. • SSSG of -1.3% in 1H 2022 vs -1.6% in 1H 2021 due to government lockdown and community quarantine starting March 16, 2020 2020 2021 1H 2022 No. Stores 89 87 85 Net selling area (in sqm) 15,546 15,267 14,973 16
Slide 16: Sustainability Highlights
Sustainability Highlights 17
Slide 17: Sustainability Highlights
Sustainability Highlights 18
Slide 18: Sustainability Highlights
Sustainability Highlights 19
Slide 19: CAPEX Guidance for 2022
CAPEX Guidance for 2022 • CAPEX Budget of Php 6.1 billion in 2022 - Php 5.8 billion for Puregold Group - Php 261 million for Real Estate Group - Php 60 million for Office Warehouse • To be funded by internally generated cash and short term untapped bank credit lines if necessary 20
Slide 20: Thank you
S COSCO capiicl i t ed i nc or por a Thank you