Emperador Inc. · PSE:EMI

Emperador — H1 2021 Earnings Presentation

14 slides from Emperador's earnings presentation, Aug 11, 2021

  1. Slide 1: Emperador Inc. 1H 2021 Results Briefing

    EMPERADOR INC. 1H 2021 Results Briefing 11 August 2021

  2. Slide 2: Earnings Snapshot; 1H2021 Financials

    1 Earnings Snapshot 2 1H2021Financials

  3. Slide 3: Earnings Snapshot

    1 Earnings Snapshot 2 1H2021Financials

  4. Slide 4: Normalized Net Profit at Php5.75b

    1H2021 Normalized Net Profit at Php5.75b “ Normalized net profit at Php5.75b, up 73%; after one- time non-cash deferred tax expense, net profit at Php5.1b, up ” 53%

  5. Slide 5: 1H2021 Financials

    1 Earnings Snapshot 2 1H2021Financials

  6. Slide 6: Highlights

    1H2021 Financials – Highlights Php5.75 +17.6% billion Php25.3 Revenue Growth Normalized Net Profit* billion +73% YoY 65% Brandy Php5.1 Revenue 35% Whisky billion Revenue Reported Net Profit* Breakdown +53% YoY * Income attributable to parent

  7. Slide 7: 1H2021 Financials: Record Performance

    1H2021 Financials Record Performance Owing To Brandy & Whisky Segments’ Strength & Resilience 2Q21 YoY 1H20 1H21 YoY Commentary Revenue 13,255 +22% 21,540 25,331 +18% Driven by both whisky and brandy sales Gross profit 5,667 6,987 9,566 +58% +37% Better product mix and less promos (Margin) (43.7%) (

  8. Slide 8: Php5.75b Net Profit, Up 73% - Ex One-time Deferred Tax Expense

    1H2021 Financials Php5.75b Net Profit, Up 73% - Ex One-time Deferred Tax Expense 2Q21 YoY 1H20 1H21 YoY Commentary Normalized 3,662 3,327 5,746 net profit +96% +73% Due to higher GP and EBITDA margins (27.6%) (15.4%) (22.7%) (Margin) Impact of One-time deferred tax expense due to the tax change 662

  9. Slide 9: 1H2021 Financials

    1H2021 Financials Revenues Gross Profit & Margin 43.7% 25,331 38.5% 33.4% 33.2% 21,540 +18% 9,566 13,255 6,987 10,882 5,667 +22% +37% 3,578 +58% 2Q20 2Q21 1H20 1H21 2Q20 2Q21 1H20 1H21 EBITDA & Margin Net Profit & Margin 36.6% 22.6% 20.1% 30.9% 17.2% 24.0% 15.4% 22.4% 7,825 5,084 4,847 4,827 +62% 3,

  10. Slide 10: 1H2021 Financials – Brandy Segment

    1H2021 Financials – Brandy Segment Resilient Amid Perennially Stiff Competition In An Even More Challenging Milieu 2Q21 YoY 1H20 1H21 YoY Commentary Revenue 8,179 +12% 14,901 16,341 +10% Higher mainstream and premium brandy sales Gross profit 3,701 4,755 6,006 Sales growth outpaced COGS growth; less

  11. Slide 11: 1H2021 Financials – Whisky Segment

    1H2021 Financials – Whisky Segment Persistently Growing Across The Globe 2Q21 YoY 1H20 1H21 YoY Commentary £74.9 £107.1 £134.2 Continued robust growth in UK, Europe, North Revenue +42% +35% 5,076 6,639 8,990 America and Asia especially China Gross profit 1,967 2,232 3,559 Improved product mix, highe

  12. Slide 12: Whisky Segment: Php1.9b in earnings, up 86%

    1H2021 Financials – Whisky Segment Php1.9b in earnings, up 86%, ex one-time deferred tax expense 2Q21 YoY 1H20 1H21 YoY Commentary Lower earnings in 2Q21 only because of one- Net profit 508 1,017 1,225 -27% +21% time noncash expense (Margin) (10.0%) (15.3%) (13.6%) Impact of One-time deferred tax ex

  13. Slide 13: Cash Position

    1H2021 Financials – Cash Position EMP maintains strong liquidity and cash position Net Debt Cash Debt Net Debt Commentary to Equity 1H2021 6,524 31,411 24,887 36% Lower net debt to equity due to loan repayment; lower cash due to dividend payments 2020 7,561 33,824 26,263 39% CAPEX and Change in Work

  14. Slide 14: End of presentation

    EMPERADOR INC. 1H 2021 Results Briefing End of presentation

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