Cp All Public Company Limited · SET:CPALL

Cp All Public — Q1 2026 Earnings Presentation

22 slides from Cp All Public's earnings presentation, May 2026

  1. Slide 1: 1Q2026 CPALL Business and Performance Briefing

    1Q2026 CPALL Business and Performance Briefing 1

  2. Slide 2: 1Q26: CVS and Consolidated Performance

    1Q26 : CVS and Consolidated Performance On-plan Execution of Excellence in a Dynamic Environment Company Only Consolidated Performance Performance 131,390 MB Margin icon 29.6% 267,672 MB Margin icon 22.7% +7.8% YoY +20 bps YoY +5.8% YoY -10 bps YoY Total Revenues Gross Profit Margin Total Revenues G

  3. Slide 3: Business Segment Performance

    Business Segment Performance CVS & Others and Grocery Wholesaling and Retailing 1Q26 Revenue contribution 1Q26 EBIT contribution before elimination before elimination Note: Exhibited figures include minority shareholding stake, with CPALL holding approximately 60% of CPAXT shares. 3

  4. Slide 4: Store Types Breakdown

    Store Types Breakdown Expanding Reach, Strengthening Presence 49% 58% 51% 42% 14% 1Q26 139 2025 700 86% 2024 700 2023 707 2022 704 4

  5. Slide 5: Store Expansion in 1Q26

    Store Expansion in 1Q26 Steady Growth with Strategic Refinements 30 Stores (+4) 16,084 Stores (+139) 63 Stores (-49) 5

  6. Slide 6: Same Store Sales Growth

    Same Store Sales Growth Resilient Sales Despite Challenges, Supported by Online Channels SSSG (%) Average daily sales / store (Baht) 2022 2023 2024 2025 1Q26 +15.9% +5.5% +3.8% -0.3% +1.9% Spending per ticket (Baht) No. of customer/store/day (customers) O2O contribution (2021-2025) 10% 11% 11% 11% 1

  7. Slide 7: Product Sales Mix and Gross Margin

    Product Sales Mix and Gross Margin Strategic Product Mix Shaping for Margin Uplift Product Sales Mix Product Margin Foods : Food Services i.e. RTE, Processed Food, Beverage Non-Foods : Personal Care, Household & Others, Cigarette 7

  8. Slide 8: SG&A Expenses

    SG&A Expenses Balanced Cost Control That Reinforces Growth Company Only SG&A Expense Consolidated SG&A Expense +8.5% YoY (Unit: Million Baht) +4.8% YoY (Unit: Million Baht) Others Others Utilities Utilities Advertising Advertising Store MGT Fee Store MGT Fee Rental and D&A Rental and D&A Personnel P

  9. Slide 9: Profitability Ratios – Company Only

    Profitability Ratios – Company Only Ongoing Margin Momentum Across All Operational Fronts Gross Profit (Sales & Services) EBIT (Unit: Million Baht) +7.9% YoY (Unit: Million Baht) +14.6% YoY EBITDA Net Profit (Unit: Million Baht) +10.5% YoY (Unit: Million Baht) +18.9% YoY 9

  10. Slide 10: Profitability Ratios – Consolidated

    Profitability Ratios – Consolidated Ongoing Margin Momentum Across All Operational Fronts Gross Profit (Sales & Services) EBIT (Unit: Million Baht) (Unit: Million Baht) +5.1% YoY +12.6% YoY EBITDA Net Profit (Unit: Million Baht) (Unit: Million Baht) +7.7% YoY +20.2% YoY 10

  11. Slide 11: Leverage Ratios

    Leverage Ratios Disciplined Capital Structure and Optimized Funding Choices CPALL (Consolidated) Cash& Cash Interest equivalent bearing debt Other liabilities Other assets Equity As of March 31, 2026 CPALL CPAXT (Company Only) (Consolidation) • As of 31 March 2026, CPALL reported consolidated intere

  12. Slide 12: Financial and Capital Allocation

    Financial and Capital Allocation Enhancing Returns through Financial and Capital Allocation Share Buyback Cash Cycle Day CAPEX (CVS) Measured Repurchase Working Capital Efficiency Appropriate CAPEX Allocation Share Repurchase: 72 million shares Negative Cash Cycle Days 10% % of paid-up shares: 0.80%

  13. Slide 13: Appendix

    Appendix 13

  14. Slide 14: Consolidated Financial Statement – Balance Sheet

    Consolidated Financial Statement Balance Sheet 2022 2023 2024 2025 1Q25 1Q26 Unit : Million Baht Cash & Cash equivalent 71,424 67,234 54,613 53,207 48,994 43,260 Inventory 58,183 57,501 61,269 74,143 62,373 68,562 Fixed assets 257,540 258,326 273,272 283,025 273,150 284,537 Right of use assets 82,24

  15. Slide 15: Consolidated Financial Statement – Income Statement

    Consolidated Financial Statement Income Statement 2022 2023 2024 2025 1Q25 1Q26 Unit : Million Baht Revenue from Sales & Services 829,099 895,281 958,998 990,663 245,798 259,355 Other Income 23,506 25,906 28,796 31,480 7,083 8,317 Total revenue 852,605 921,187 987,794 1,022,143 252,881 267,672 Cost

  16. Slide 16: Consolidated Financial Statement – Financial Ratios

    Consolidated Financial Statement Financial Ratios 2022 2023 2024 2025 1Q25 1Q26 Gross margin (sales & service) (%) 21.5% 21.9% 22.6% 22.7% 22.8% 22.7% Operating margin (%) 4.3% 4.7% 5.2% 5.3% 5.7% 6.0% EBITDA margin (%) 8.6% 8.6% 9.0% 9.0% 9.3% 9.5% Net margin (%) 1.6% 2.0% 2.6% 2.8% 3.0% 3.4% ROAA

  17. Slide 17: Company Only Financial Statement – Balance Sheet

    Company Only Financial Statement Balance Sheet 2022 2023 2024 2025 1Q25 1Q26 Unit : Million Baht Cash & Cash equivalent 20,995 25,956 24,149 24,427 27,693 22,352 Inventory 18,007 19,339 22,123 24,586 21,725 25,024 Fixed assets 43,454 46,569 48,075 49,359 48,106 49,277 Right of use assets 43,560 45,3

  18. Slide 18: Company Only Financial Statement – Income Statement

    Company Only Financial Statement Income Statement 2022 2023 2024 2025 1Q25 1Q26 Unit : Million Baht Revenue from Sales & Services 354,973 399,558 439,787 462,854 113,970 121,958 Other Income 27,517 29,938 33,222 37,329 7,960 9,432 Total revenue 382,490 429,496 473,009 500,182 121,930 131,390 Cost of

  19. Slide 19: Company Only Financial Statement – Financial Ratios

    Company Only Financial Statement Financial Ratios 2022 2023 2024 2025 1Q25 1Q26 Gross margin (sales & service) (%) 27.4% 28.2% 29.0% 29.4% 29.4% 29.6% Operating margin (%) 5.6% 6.2% 7.1% 7.5% 8.0% 8.5% EBITDA margin (%) 9.9% 10.1% 10.8% 11.2% 11.6% 11.9% Net margin (%) 3.0% 3.6% 4.6% 5.0% 5.2% 5.8%

  20. Slide 20: ESG: Progress Towards 2030 Sustainability Goals

    ESG: Progress Towards 2030 Sustainability Goals for Phase 2 in 2021-2030 Significant material topics in 2025 Governance and Economic Environmental Dimension Social Dimension Dimension 7 Go Green 7 Go Together 7 Go Right 2025 2025 2025 Topic Goal Performance Topic Goal Performance Topic Goal Performa

  21. Slide 21: CPALL Stock Information and Major Shareholders

    CPALL Stock Information and Major Shareholders CPALL Stock Information Price (May 12, 2026) : Bt. 43.75 Hi/Low (12-month) : 54.50/40.50 Avg. daily turnover : 1,880 M. No. of shares : 8,952 M. (Par Bt1.00) Market capitalization : 393,011 MB. First trade date : Oct 14, 2003 Major Shareholders (as of M

  22. Slide 22: Disclaimer

    Disclaimer Items published on this presentation as IR information are intended to provide financial information or business information or etc. of CPALL. Some content may contain forward-looking statements, that based on management’s view upon the information currently available to us. These informa

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