Emperador Inc. · PSE:EMI
Emperador — 9M 2018 Earnings Presentation
16 slides from Emperador's earnings presentation, 2018
Slide 1: Emperador Inc. 9M 2018 Financial Results
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Slide 2: 9M 2018 Financial Results agenda
9M 2018 Financial Results 1. OUR FINANCIALS 2. RECENT DEVELOPMENTS 3. KEY TAKEAWAYS 2
Slide 3: Financial Highlights
OUR FINANCIALS Financial Highlights P 30.5b 9.7b P 5.1b 1.6b 30% CONSOLIDATED WHISKY CONSOLIDATED REVENUES NET INCOME* BRANDY 70% 16.8% 17% 15.5% 11% REVENUE NET INCOME BREAKDOWN NET INCOME MARGIN* GROWTH* 3 *Attributable to parent
Slide 4: Key Figures
OUR FINANCIALS Key Figures 3Q18 YoY 9M17 9M18 YOY Commentary Both brandy and whisky REVENUES grew; brandy growth driven 11,044 17% 27,561 30,547 11% mostly by foreign brands; (PHPm) higher growth for whisky GROSS PROFIT 3,753 33% 8,761 10,619 21% Whisky at 37% GPM (PHPm) exceeding 35% GPM of GROSS P
Slide 5: Key Figures
OUR FINANCIALS Key Figures Revenues (PHPm) Gross profit & margin 30,547 35.2% 35.6% 27,561 30.7% 32.5% 11% 10,619 17% 8,761 21% 9,468 11,044 2,820 3,753 33% 3Q17 3Q18 9M17 9M18 3Q17 3Q18 9M17 9M18 EBITDA & margin Net income & margin* 25.5% 18.5% 17.6% 16.8% 24.2% 23.0% 24.4% 16.1% 7,446 5,134 6,343
Slide 6: Financial History
OUR FINANCIALS FINANCIAL HISTORY Revenues (PHPm) Gross profit & margin 35% 34% 37% 35% 16% 43,645 41,018 42,656 31% 31% CAGR 26% 32,009 15,023 14,621 29,865 13,679 23,594 22% 10,903 17,355 CAGR 8,210 9,225 4,445 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 EBITDA & margin Ne
Slide 7: Segment Breakdown
OUR FINANCIALS SEGMENT BREAKDOWN GROSS NET in PHP REVENUES EBITDA PROFIT INCOME millions 9M17 9M18 9M17 9M18 9M17 9M18 9M17 9M18 BRANDY 19,933 21,450 6,555 7,193 5,300 5,731 3,529 3,788 WHISKY 8,234 9,392 2,206 3,426 1,043 1,715 916 1,460 EMP Inc. 27,561 30,547 8,761 10,619 6,343 7,446 4,445 5,248 •
Slide 8: Leverage and Cash Flow
OUR FINANCIALS Leverage and Cash Flow Net Debt to (PHPm) Cash Debt Net Debt Commentary Equity 5,818 40,184 34,366 54% Share buyback 9M18 5,818 34,964 29,146 46% Ex Equity-linked security Additional borrowings to 2017 10,162 38,150 27,987 48% fund investments Cash Position (PHPb) CAPEX and Change in
Slide 9: 9M 2018 Financial Results
9M 2018 Financial Results 1. OUR FINANCIALS 2. RECENT DEVELOPMENTS 3. KEY TAKEAWAYS 9
Slide 10: Recent Developments: Emperador Marketing Campaign
RECENT DEVELOPMENTS E M P E R A D O R M A R K E T I N G C A M PA I G N QUEZON AVENUE SANTOLAN S O U T H B O U N D BUENDIA ORTIGAS NORTH AVENUE MAGALLANES 10
Slide 11: Recent Developments: Emperador Marketing Campaign
RECENT DEVELOPMENTS E M P E R A D O R M A R K E T I N G C A M PA I G N SANTOLAN TAFT NORTH AVENUE N O R T H B O U N D CUBAO GMA KAMUNING QUEZON AVENUE 11
Slide 12: Recent Developments: The BAR Marketing Campaign
RECENT DEVELOPMENTS T H E B A R M A R K E T I N G C A M PA I G N
Slide 13: Recent Developments: The BAR Marketing Campaign
RECENT DEVELOPMENTS T H E B A R M A R K E T I N G C A M PA I G N
Slide 14: 9M 2018 Financial Results
9M 2018 Financial Results 1. OUR FINANCIALS 2. RECENT DEVELOPMENTS 3. KEY TAKEAWAYS 14
Slide 15: Key Takeaways
KEY TAKEAWAYS Future-proofing Premiumization Profitability dominance We want to secure We are best We want margin our dominance in positioned to do sustainability and Philippine liquor premiumization in stability. while making a the Philippines. dent on global liquor. 15
Slide 16: End of Presentation
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