Metro Retail Stores Group, Inc. · PSE:MRSGI
Metro Retail Stores — Q3 2022 Earnings Presentation
24 slides from Metro Retail Stores's earnings presentation, Nov 24, 2022
Slide 1: 3Q & 9M 2022 Earnings Call and Analysts' Briefing
3Q & 9M 2022 Earnings Call and Analysts’ Briefing 24 November 2022
Slide 2: General rules
General rules 1. Please note that this call is being recorded. Recording of this Earnings Call will be shared upon request. 2. This Earnings Call will run for about an hour with the first part allotted for a presentation and the second part for the Q&A. 3. Participants other than the speakers will b
Slide 3: Main presenters
Main presenters Mr. Arnold M. Leoncio Mr. Joselito G. Orense Vice President for Business Development Treasurer and and Investor Relations Chief Finance Officer
Slide 4: 9M 2022 Financial and Operational Highlights
9M 2022 Financial and Operational Highlights Net sales increased by Gross profit grew by EBITDA improved by Net income grew by 24.5% 34.8% 109.2% 230.8% to PhP26.55 billion to PhP5.54 billion to PhP1.60 billion to PhP400.70 million Share to Business vs. historical financials (in % of 9M2022 net sale
Slide 5: Results of operations: Net sales
Results of operations Net Sales increased by 24.5%; exceeds pre-pandemic sales level Net sales Share to Business (in PhP billion) (in % of 9M 2022 net sales) 24.5% 26.55 Supermarket Hypermarket 21.32 55% 22% 21.6% 9.13 7.51 3Q 2021 3Q 2022 9M 2021 9M 2022 Department store 23% ❑ Net sales increased b
Slide 6: Results of operations: Gross profit and operating expenses
Results of operations Gross profit margin improved, % Opex lower Gross Profit Operating Expenses (in PhP billion) (in PhP billion) 34.8% 5.54 14.0% 4.96 20.9% 4.35 4.11 19.3% 48.9% 22.9% 1.98 1.77 20.4% 18.7% 1.33 1.44 21.7% 17.7% 19.2% 19.4% 3Q 2021 3Q 2022 9M 2021 9M 2022 3Q 2021 3Q 2022 9M 2021 9
Slide 7: Results of operations: EBITDA and net income
Results of operations Significant growth in EBITDA and NIAT EBITDA Net Income (in PhP million) (in PhP million) 1,601.52 400.70 109.2% 6.0% 230.8% 1.5% 246.0% 181.77 2.0% 179.6% 765.41 600.76 3.6% -1.7% 6.6% (124.47) 214.90 -1.4% 2.9% (306.41) 3Q 2021 3Q 2022 9M 2021 9M 2022 3Q 2021 3Q 2022 9M 2021
Slide 8: Results of operations: Blended comparable sales
Results of operations 20+% increase in comparable store sales Blended comparable sales (in PhP billion) 21.8% 24.73 20.31 18.0% 8.41 7.13 3Q 2021 3Q 2022 9M 2021 9M 2022 ❑ The Company’s blended comparable sales increased by 21.8% in the first nine months of the year, due to the sustained growth acro
Slide 9: Comparable store sales by format
Results of operations | Comparable store sales Double-digit growth across formats in YTD sales Supermarket Department store Hypermarket (in PhP billion) 11.5% (in PhP billion) (in PhP billion) 13.19 11.83 13.3% -8.1% 73.3% 5.58 5.96 128.4% 19.2% 5.26 4.33 3.98 3.22 2.33 2.11 1.77 1.02 3Q 2021 3Q 202
Slide 10: MRSGI existing store network
MRSGI existing store network Geographical composition of store network (as of November 24, 2022) NCR 10 62 Visayas stores Luzon 40 12 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 4 Luzon 4 Luzon 4 Visayas 23 Visayas 8 Visayas 9 Total 34 Total 15 Total 13
Slide 11: Key financial indicators
Key financial indicators Currency: PhP million 2016 2017 2018 2019 2020 2021 9M 2022 Financial highlights Net sales 34,411 35,016 33,050 36,790 31,286 31,211 26,546 EBITDA 1,547 1,877 1,781 2,785 1,273 1,220 1,602 Net income 789 977 965 776 (450) (318) 401 Financial soundness indicator Current Ratio
Slide 12: Plans and Prospects
Plans and Prospects 3Q & 9M 2022 Earnings Call and Analysts’ Briefing 24 November 2022
Slide 13: Plans and Prospects
Plans and Prospects Continue to pursue new formats, channels and expansion opportunities Continue to strengthen and expand our e-commerce program Keep striving to deliver the best customer experience Implement operational efficiency and sales productivity initiatives Re-organize MRSGI for agility an
Slide 14: Q&A
Q&A 3Q & 9M 2022 Earnings Call and Analysts’ Briefing 24 November 2022
Slide 15: Thank you!
Thank you! Visit us at: www.metroretail.com.ph shopmetro.ph Like/Follow us on: facebook.com/TheMetroStores @TheMetroStores @themetrostores.ph Connect with us on: linkedin.com/company/metro-retail-stores-group/
Slide 16: Annex: Financial Statements
Annex: Financial Statements 3Q & 9M 2022 Earnings Call and Analysts’ Briefing 24 November 2022
Slide 17: Statement of Comprehensive Income
Statement of Comprehensive Income
Slide 18: Statement of Comprehensive Income
Statement of Comprehensive Income
Slide 19: Statement of Financial Position
Statement of Financial Position
Slide 20: Statement of Financial Position
Statement of Financial Position
Slide 21: Statement of Cash Flows
Statement of Cash Flows METRO RETAIL STORES GROUP, INC. UNAUDITED INTERIM STATEMENTS OF CASH FLOWS For the Nine-month Periods Ended September 30 2022 2021 CASH FLOWS FROM OPERATING ACTIMITIES Income before incorne tax 2535,838,232 (P407,116,633) Adjustments for: Finance costs (Note 16) 388,373,523 3
Slide 22: Statement of Cash Flows
Statement of Cash Flows CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property and equipment (Note 8} (521,521,052) {629,201,104} Increase in short-term investments (2,223,744,533) (18,312,434) Decrease in other noncurrent assets 87,309,876 45,628,740 Net cash used in investing activities (2,
Slide 23: Press Release
Press Release METRO MEDIA RELEASE November 18,2022 ‘Metro Retail records PRP-400.7 milion net income in the first aie months of 2022 18 November 2022, Manila, Philippines ~ Amid the glabal headwinds such as soaring inflation, rising interest rates, and wedcening peso, Metio Retail Stores Group, Inc.
Slide 24: Disclaimer
Disclaimer The materials and figures in this presentation and other documents are for informational purposes only and are not, in any way, a form of solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. Information
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