Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — FY2021 Earnings Presentation
19 slides from Cosco Capital's earnings presentation, May 2021
Slide 1: Cosco Capital, Inc. FY 2021 Financial Results
Cosco Capital, Inc. FY 2021 Financial Results Investor Presentation 1
Slide 2: Disclaimer
Disclaimer These presentations and/or other documents have been written and presented by COSCO CAPITAL, INC. (COSCO). COSCO is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. Third parties, other than COSCO, do not have any responsib
Slide 3: Company Overview
Company Overview 49% 78% 100% 100% Commercial Real Grocery Retailing Liquor Distribution Specialty Retailing Estate • Ellimac Prime KEEPR Holdings, Inc., • Fertuna Holdings (formerly DAVIN) Corp., • Patagonia Holdings Corp., • Nation Realty, Inc. • NE Pacific Shopping Centers Corporation • Pure Petr
Slide 4: Revenue and PATMI Contributions FY 2021
REVENUE AND PATMI CONTRIBUTIONS FY 2021 Revenues CORE PATMI Specialty Retail 1% Liquor Grocery Real Estate 13% Distribution Retailing 63% 4% Real Estate Liquor 1% Distribution 23% Grocery Retailing 94% Specialty Retail 1% PHP 174.4 billion PHP 6.15 billion -1.6% vs FY 2020 +4.3% vs FY 2020 4
Slide 5: FY 2021 Consolidated Financial Performance
FY 2021 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) FY2021 % FY2020 % (DECREASE) % REVENUES 174,453,773 100.00% 177,316,299 100.00% (2,862,526) -1.61% COST OF SALES/SERVICES 140,822,162 80.72% 145,021,136 81.79% (4,198,974) -2.90% GROSS PROFIT 33,631,611 19.28% 32,295,163 18.21% 1,336
Slide 6: Grocery Retail Segment: FY 2021 Financial Highlights
Grocery Retail Segment: FY 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 168,632 -2.7% +3.2% 30,083 164,125 29,156 18.3% 154,490 25,951 17.3% 16.8% FY2019 FY2020 FY2021 FY2019 FY2020 FY2021 GP GP Margin EBITDA and Margin Net Profit and Margin -0.4% +1.4% 17,680 17,614
Slide 7: Grocery Retailing: Operating Highlights
Grocery Retailing: Operating Highlights • Puregold opened 30 new stores in 2021 out of targeted 25 new stores; 4 Metro Manila, 17 Luzon, 6 Visayas, 3 Mindanao. • Opening of 1 S&R store in Marikina on July 29, 2021 and 1 in Sucat on September 18, 2021 • As of FY 2021, the Grocery Retailing segment is
Slide 8: Liquor Distribution: market leadership
Liquor Distribution: KEEPR has established market leadership in all leading categories of the imported spirits segment1. #1 Non-Cognac Brandy #1 #2 Blended Scotch #1 #2 Malt Scotch #1 #2 US Whiskey #1 Soju #2 Cognac #1 #2 Vodka #1 Gin #2 Rum #1 Agave #1 #2 Flavored Spirits Campari Irish Whiskey #1 N
Slide 9: Liquor Distribution: FY 2021 Financial Highlights
Liquor Distribution: FY 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +35.1% +31.5% 10,717 11,035 2,939 8,167 2,458 2,235 27.4% 26.6% 22.9% FY2019 FY2020 FY2021 FY2019 FY2020 FY2021 GP GP Margin EBITDA and Margin Net Profit and Margin +25.5% +34.4% 2,500 2,121 1,800 1,
Slide 10: Liquor Distribution: Operating Highlights
Liquor Distribution: Operating Highlights • 32% growth in total volume of cases sold in FY 2021 • Successful follow-on offering listing on November 19, 2021 in the PSE • Growth driven by the increase in the brandy, wines and specialty beverages. CATEGORY 2019 % Mix 2020 % Mix 2021 % Mix % YoY Brandy
Slide 11: Real Estate Segment: FY 2021 Financial Highlights
Real Estate Segment: FY 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +0.01 -1.0% 2,147 1,486 1,696 1,696 1,085 1,075 69.2% 64.0% 63.4% FY2019 FY2020 FY2021 FY2019 FY2020 FY2021 GP GP Margin EBITDA and Margin Net Profit and Margin +0.3% +30.7% 1,576 1,225 1,161 1,165 9
Slide 12: Real Estate Segment: Operating Highlights
Real Estate Segment: Operating Highlights • Acquisition of 5 new properties: - 716 sqm lot located in Tm Road, Sucat, Muntinlupa City - 38,425 sqm lot located in Brgy. Tarcan, Baliuag, Bulacan - 1,864 sqm lot located in Bagumbong, Caloocan - 3,464 sqm lot located in San Rafael, Rizal with existing L
Slide 13: Office Warehouse: FY 2021 Financial Highlights
Office Warehouse: FY 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin -6.9% -8.9% 2,451 642 1,672 449 409 1,556 26.2% 26.8% 26.3% FY2019 FY2020 FY2021 FY2019 FY2020 FY2021 GP GP Margin EBITDA and Margin Net Profit and Margin 251 -14.8% -10.9% 97 195 166 56 50 11.7% 10.7%
Slide 14: Office Warehouse: Operating Highlights
Office Warehouse: Operating Highlights OFFICE WAREHOUSE, INC. • SSSG of -9.7% in 2021 vs -32.2% in 2020 due to government lockdown and community quarantine starting March 16, 2020 2019 2020 2021 No. Stores 89 89 87 Net selling area (in sqm) 15,589 15,546 15,267 14
Slide 15: Sustainability Highlights
Sustainability Highlights 15
Slide 16: Sustainability Highlights
Sustainability Highlights 16
Slide 17: Sustainability Highlights
Sustainability Highlights 17
Slide 18: CAPEX Guidance for 2022
CAPEX Guidance for 2022 • CAPEX Budget of Php 6.1 billion in 2022 - Php 5.8 billion for Puregold Group - Php 261 million for Real Estate Group - Php 60 million for Office Warehouse • To be funded by internally generated cash and short term untapped bank credit lines if necessary 18
Slide 19: Thank you
S COSCO capiicl i t ed i nc or por a Thank you