Parkson Retail Asia Limited · SGX:O9E

Parkson Retail Asia — Q1 FY2018 Earnings Presentation

22 slides from Parkson Retail Asia's earnings presentation, Nov 14, 2017

  1. Slide 1: Financial Results For Q1 FY2018

    Parkson Retail Asia Limited Financial Results For Q1 FY2018 14 November 2017

  2. Slide 2: Disclaimer

    2 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 completeness of t

  3. Slide 3: Contents

    3 Contents 1. Financial Highlights  Same store sales growth  Financial overview  Segmental pre-tax results  5-year gross sales proceeds and revenue  5-year EBITDA and net profit 2. Operational Highlights  Merchandise sales mix  Merchandise sales by segment  5-year merchandise gross margin 

  4. Slide 4: Financial Highlights

    Financial Highlights

  5. Slide 5: Same Store Sales Growth (SSSG)

    5 Same Store Sales Growth (SSSG) Quarter ended 30.09.2017 30.09.2016 Malaysia -6.8% -6.6% Vietnam -7.8% -10.3% Indonesia -13.8% -13.1% Myanmar n/a -28.2% Malaysia • Quarterly SSSG impacted by the absence of Hari Raya buying following the shift in festive calendar. • Consumer sentiment index reported

  6. Slide 6: Financial Overview

    6 Financial Overview Quarter ended S$’000 30.09.2017 30.09.2016 VAR % Gross Sales Proceeds (“GSP”) 202,426 220,752 -8% Revenue 91,064 93,337 -2% EBITDA (6,715) (506) >-100% Pre-tax loss (13,186) (6,309) >-100% Net loss attributable to owners (12,926) (5,180) >-100% of the Company • Decrease in GSP a

  7. Slide 7: Segmental Pre-tax Results

    7 Segmental Pre-tax Results S$’000 Malaysia Vietnam Indonesia Myanmar Others Group 3MFY2018 Same store (4,318) (879) (2,156) 12 - (7,341) Variance TY/LY -90.6% -193.0% -26.2% 166.7% -71.0% New stores (1,262) - (497) (479) - (2,238) Closed stores - - - 91 - 91 Department stores (5,580) (879) (2,653)

  8. Slide 8: Segmental Pre-tax Results (Cont’d)

    8 Segmental Pre-tax Results (Cont’d) S$’000 Malaysia Vietnam Indonesia Myanmar Others Group 3MFY2017 Same store (2,266) (300) (1,708) (18) - (4,292) Closed stores (181) - (186) (140) - (507) Department stores (2,447) (300) (1,894) (158) - (4,799) Other retail stores (749) - - - - (749) Retailing (3,

  9. Slide 9: 5-Year Gross Sales Proceeds and Revenue

    9 5-Year Gross Sales Proceeds and Revenue Overall top line growth (S$ million) 1,200 1,109 1,078 1,077 968 982 1,000 800 600 447 432 429 413 388 400 217 198 200 93 91 - FY2013 FY2014 FY2015 FY2016 FY2017 3MFY2017 3MFY2018 GSP Revenue

  10. Slide 10: 5-Year Profit Margins

    10 5-Year Profit Margins - EBITDA EBITDA EBITDA margin 80 20.0% 66 60 14.7% 60 54 15.0% 13.8% 13.8% 40 10.0% 20 5.0% (1) (7) -0.5% - 0.0% FY2013 FY2014 FY2015 FY2016 FY2017 3M 3M FY2013 FY2014 FY2015 FY2016 FY2017 3M 3M FY2017 FY2018 FY2017 FY2018 (20) -5.0% (21) -5.2% (26) -6.0% -7.4% (40) -10.0%

  11. Slide 11: 5-Year Profit Margins

    11 5-Year Profit Margins - Net profit/(loss) attributable to owners of the Company Net profit Net profit margin 60 10.0% 8.6% 8.0% 7.8% 39 40 34 30 5.0% 20 0.0% (5) (13) FY2013 FY2014 FY2015 FY2016 FY2017 3M 3M - FY2017 FY2018 FY2013 FY2014 FY2015 FY2016 FY2017 3M 3M -5.0% FY2017 FY2018 (20) -5.5% -

  12. Slide 12: Operational Highlights

    Operational Highlights

  13. Slide 13: Merchandise sales mix

    13 Merchandise sales mix 3MFY2017 3MFY2018 Direct sales Direct sales 22% 26% Concessionaire Concessionaire sales sales 74% 78%

  14. Slide 14: Merchandise sales by segment

    14 Merchandise sales by segment 3MFY2017 3MFY2018 Groceries and perishables Groceries and perishables 4% 4% Household, Household, electrical goods electrical goods and others and others 14% 15% Fashion & Fashion & Apparel Apparel 52% Cosmetics & 54% Accessories Cosmetics & 28% Accessories 29%

  15. Slide 15: 5-Year Merchandise Gross Margin

    15 5-Year Merchandise Gross Margin Merchandise gross margin (including both direct sales and concessionaire sales) 23.8% 24.0% 23.8% 24.2% 23.4% 23.3% 22.7% 247 248 253 228 229 52 46 FY2013 FY2014 FY2015 FY2016 FY2017 3M 3M FY2017 FY2018 Merchandise gross profit (S$m)

  16. Slide 16: Geographic Footprint

    16 Geographic Footprint - department stores Malaysia Number of stores: 44 PRA’s department GFA: 512,000 sqm store network comprised 68 stores as Vietnam at 30 September 2017, Number of stores: 7 spanning approx. GFA: 128,000 sqm 792,000 sqm of GFA. Indonesia Number of stores: 16 GFA:148,000 sqm Myan

  17. Slide 17: Expansion Plan

    Expansion Plan 17

  18. Slide 18: Expansion Plan

    18 Expansion Plan - department store openings in FY2018 Location FY2018 GFA Malaysia (sq.m) 1. Kuantan City Mall, Kuantan (opened in October 2017) 12,261 2. Evo Shopping Mall, Bangi (Q2FY2018)^ 7,726 3. Paradigm Mall, Johor Bahru (Q2FY2018)*^ 19,212 4. M Square, Puchong + 35,316 Sub-total 74,515 Ind

  19. Slide 19: Appendix: Store Count and Gross Floor Area

    Appendix: Store Count and Gross Floor Area 19

  20. Slide 20: Store Count and Gross Floor Area (“GFA”)

    20 Store Count and Gross Floor Area (“GFA”) - department stores 30.09.2017 30.06.2017 Openings Closures Change Malaysia 44 45 - (1) (1) GFA (sqm) 512,000 527,000 Vietnam1 7 7 - - - GFA (sqm) 128,000 128,000 Indonesia2 16 17 - (1) (1) GFA (sqm) 148,000 150,000 Myanmar 1 1 - - - GFA (sqm) 4,000 4,000

  21. Slide 21: Store Count and Gross Floor Area (“GFA”)

    21 Store Count and Gross Floor Area (“GFA”) - department stores (cont’d) Summary of department store openings / Country Commenced / closures ceased operation Closures - Berjaya Megamall, Kuantan Malaysia September 2017 - Kem Chicks Pacific Place, Jakarta Indonesia September 2017

  22. Slide 22: THANK YOU

    THANK YOU

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