Parkson Retail Asia Limited · SGX:O9E

Parkson Retail Asia — Q4 FY2016 Earnings Presentation

24 slides from Parkson Retail Asia's earnings presentation, Aug 18, 2016

  1. Slide 1: Financial Results Presentation Q4 FY2016

    Parkson Retail Asia Limited Financial Results Presentation Q4 FY2016 18 August 2016

  2. Slide 2: Contents

    Contents 1. Overview 2. Financial Statements i) Consolidated income statement ii) Consolidated statement of financial position iii) Consolidated statement of cash flows iv) Segment results 3. Operational Highlights i) Geographic footprint ii) Gross sales proceeds, revenue and SSS growth iii) Merchan

  3. Slide 3: Overview

    Overview 3

  4. Slide 4: Overview: Business Environment and SSSG

    Overview Business Environment  Same Store Sales Growth, by countries: Quarter ended Year ended SSSG 30.06.2016 30.06.2015 30.06.2016 30.06.2015 Malaysia +21.5% -17.0% -6.5% -4.5% Vietnam -4.1% -7.2% -2.9% -5.1% Indonesia +7.3% +12.0% +4.7% +8.4% Myanmar -25.0% +13.6% -7.7% +21.6%  SSSG for Malaysi

  5. Slide 5: SSSG for Indonesia and Myanmar

     SSSG for Indonesia : - Increase in SSSG at +7.3% for the reported quarter. - SSSG for Q4 FY2016 benefited from early festive buying arising from the shift in the Lebaran calendar. - consumer confidence index reported by BI remained above the 100-point confidence threshold at 111.6.  SSSG for Myan

  6. Slide 6: Financial Summary

    Financial Summary Group Quarter ended Year ended 30.06.2016 30.06.2015 +/(-) 30.06.2016 30.06.2015 +/(-) S$'000 S$'000 % S$'000 S$'000 % Gross Sales Proceeds 232,147 211,387 9.8 967,746 1,077,567 (10.2) Revenue 93,860 84,663 10.9 388,417 428,751 (9.4) Profit / (Loss) Before Tax (13,372) (77,653) (82

  7. Slide 7: Segmental Profit Before Tax

    Segmental Profit Before Tax Group Year ended PBT Summary 30.06.2016 30.06.2015 +/(-) S$'000 S$'000 % Like-for-like, on same store basis Malaysia 23,757 33,394 (28.9) Vietnam (547) 2,261 >(100.0) Indonesia (3,167) (3,353) (5.5) Myanmar (1,733) (448) >100.0 Share of profits of an associate (Sri Lanka)

  8. Slide 8: Dividend

    Dividend The Board of Directors recommends the payment of a final dividend of 0.5 cent per share (tax exempt, one-tier), subject to the approval of shareholders at the AGM. 8

  9. Slide 9: Financial Statements

    Financial Statements — ren 3 “a oe = a i , 2a J eae & drome :

  10. Slide 10: Unaudited consolidated Income Statement

    Unaudited consolidated Income Statement For the financial year ended 30 June Group (S$'000) Quarter ended Year ended 30.06.2016 30.06.2015 +/(-) 30.06.2016 30.06.2015 +/(-) S$'000 S$'000 % S$'000 S$'000 % Gross Sales Proceeds 232,147 211,387 9.8 967,746 1,077,567 (10.2) - Direct sales 45,101 35,523

  11. Slide 11: Unaudited consolidated Statement of Financial Position

    Unaudited consolidated Statement of Financial Position (S$’000) As at As at % Change 30 June 2016 30 June 2015 Total Assets 394,984 374,407 +5.5% - Non-current assets 198,918 148,393 +34.0% - Current assets 196,066 226,014 -13.3% Cash and cash equivalents 69,509 138,578 -49.8% (including AFS financi

  12. Slide 12: Unaudited consolidated Statement of Cash Flows

    Unaudited consolidated Statement of Cash Flows For the financial year ended 30 June (S$’000) Q4 Q4 +/(-) Year Year +/(-) FY2016 FY2015 % FY2016 FY2015 % Net cash generated from / (used in) operating activities 8,077 (25,455) >100.0 27,868 44,790 (37.8) Net cash from / (used in) investing activities

  13. Slide 13: Segment results

    Segment results For financial year ended 30 June Group Malaysia Vietnam Indonesia Myanmar Unallocated Total S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 Year ended 30.06.2016 Gross Sales Proceeds 662,866 128,476 171,824 4,580 - 967,746 Revenue 291,227 34,642 60,744 1,804 - 388,417 Profit / (Loss) befor

  14. Slide 14: Operational Highlights

    Operational Highlights 14

  15. Slide 15: Geographic footprint

    Geographic footprint (department stores) Vietnam Malaysia  Number of stores: 8  Number of stores: 44  Approx. GFA (leased): 67,000 sqm  Approx. GFA (leased): 518,000 sqm  Approx. GFA (owned): 23,000 sqm Indonesia  Approx. GFA (managed): 51,000 sqm  Number of stores: 16  Approx. GFA (leased):

  16. Slide 16: Gross Sales Proceeds, Revenue and SSS Growth

    SSSG Q4 Year Gross Sales Proceeds, Revenue and SSS Growth FY2016 FY2016 Malaysia +21.5% -6.5% Overall top line growth (S$ million) Vietnam -4.1% -2.9% Indonesia +7.3% +4.7% Myanmar -25.0% -7.7% 1,200 1,109 1,078 1,077 1,055 1,000 968 869 800 600 433 447 432 429 367 388 400 200 - FY2011 FY2012 FY2013

  17. Slide 17: Merchandise Sales Mix

    Merchandise Sales Mix FY2016 19.5% FY2015 80.5% 18.8% Direct sales Concessionaire sales 81.2% Direct sales Concessionaire sales 17

  18. Slide 18: Merchandise sales mostly from fashion and cosmetics segments

    Merchandise sales mostly from fashion and cosmetics segments FY2016 3.6% Fashion and apparel 14.0% Cosmetic and FY2015 54.1% accessories 28.3% 3.5% Household, electrical goods and 15.0% others Groceries and 53.0% 82.4% perishables 28.5% 81.5% 18

  19. Slide 19: Blended gross margins

    Blended gross margins Merchandise gross margin (including both direct sales and concessionaire sales) 23.8% 24.1% 23.3% 23.4% 23.4% 22.7% 248 253 243 247 229 198 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Merchandise gross profit (S$m) Merchandise gross margin (%) 19

  20. Slide 20: Profit margins: EBITDA

    Profit margins EBITDA(1) 100 20.0% 17.4% 16.8% 80 75 14.7% 15.0% 13.8% 13.8% 66 62 60 60 54 10.0% 40 5.0% 20 0.0% - FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 (20) -5.0% -6.0% (26) (40) -10.0% EBITDA EBITDA margin 1. EBITDA is defined as profit before tax les

  21. Slide 21: Profit margins: Net profit

    Profit margins Net profit attributable to Owners of the Company 50 15.0% 45 39 40 34 34 33 10.3% 10.0% 9.3% 30 8.6% 8.5% 8.0% 20 5.0% 10 - FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 0.0% (10) FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 (20) -5.0% (30) -8.1% (40) (35) -10.0% Net profit Net profit margin

  22. Slide 22: Going Forward

    Going Forward 22

  23. Slide 23: Expansion Plan (confirmed sites for department stores)

    Expansion Plan (confirmed sites for department stores) Location FY2016 FY2017 Approx. GFA Approx. GFA (sq.m) (sq.m) Malaysia Malaysia 1. Maju Junction, Kuala Lumpur (opened July 2015) 35,954 1. MyTown, Kuala Lumpur (Q2FY2017)^ 13,952 2. Aman Central, Alor Setar (opened October 2015) 12,546 2. Sunway

  24. Slide 24: Thank You

    THANK YOU  Disclaimer  This presentation is to provide general background information of Parkson Retail Asia Limited (the “Company”). The information provided is in summary form and no representation or warranty, express or implied is made and no reliance should be placed on the fairness and compl

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