Metro Retail Stores Group, Inc. · PSE:MRSGI
Metro Retail Stores — Q2 2023 Earnings Presentation
27 slides from Metro Retail Stores's earnings presentation, Aug 24, 2023
Slide 1: 2Q & 1H 2023 Earnings Call and Analysts' Briefing
2Q & 1H 2023 Earnings Call and Analysts’ Briefing 24 August 2023
Slide 2: 1H 2023 Financial and Operational Highlights
1H 2023 Financial and Operational Highlights Net sales decreased by Gross profit grew by EBITDA decreased by Net income declined by -2.6% 5.4% -19.7% -37.5% to PhP16.97 billion to PhP3.72 billion to PhP802.45 million to PhP136.85 million Share to Business vs. historical financials (in % of 1H2023 ne
Slide 3: Results of operations: Net sales slightly decreased
Results of operations Net Sales slightly decreased by 2.6% Net sales Share to Business (in PhP billion) (in % of 1H 2023 net sales) -2.6% 17.42 16.97 Hypermarket 23% -2.8% Supermarket 8.91 8.66 55% 2Q 2022 2Q 2023 1H 2022 1H 2023 Department store 22% ❑ For the first semester of the year, net sales d
Slide 4: Results of operations: Gross profit margin improved
Results of operations Gross profit margin improved Gross Profit Operating Expenses 5.4% (in PhP billion) (in PhP billion) 13.0% 3.72 3.53 3.57 21.9% 3.16 21.0% 20.3% 11.7% 18.1% -0.5% 1.92 1.89 1.82 1.63 21.5% 21.8% 21.0% 18.3% 2Q 2022 2Q 2023 1H 2022 1H 2023 2Q 2022 2Q 2023 1H 2022 1H 2023 ❑ Gross
Slide 5: Results of operations: EBITDA and NIAT decreased
Results of operations EBITDA and NIAT decreased EBITDA Net Income (in PhP million) (in PhP million) -19.8% 1,000.75 5.7% 802.45 -36.2% 614.37 4.7% 6.9% 392.26 -37.5% -58.6% 185.60 218.93 4.5% 136.85 76.81 1.3% 2.1% 0.8% 0.9% 2Q 2022 2Q 2023 1H 2022 1H 2023 2Q 2022 2Q 2023 1H 2022 1H 2023 ❑ As a resu
Slide 6: Comparable store sales: slight decline
Results of operations | Comparable store sales Slightly decline in comparable sales Blended Comparable Sales (in PhP billion) -3.8% 17.24 16.58 -3.1% 8.73 8.46 2Q 2022 2Q 2023 1H 2022 1H 2023 ❑ The Company’s blended comparable sales decreased by 3.8% in the first semester of the year driven by the S
Slide 7: Comparable store sales by format
Results of operations | Comparable store sales Department store and Hypermarket increased while Supermarket decreased Supermarket Department Store Hypermarket (in PhP billion) (in PhP billion) (in PhP billion) -10.2% 9.91 8.90 1.6% -4.9% 8.3% 4.74 4.51 1.6% 3.85 3.91 3.48 3.77 -3.4% 1.92 1.95 2.07 2
Slide 8: MRSGI existing store network
MRSGI existing store network Geographical composition of store network (as of 24 August 2023) NCR 10 62 Visayas stores Luzon 40 12 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 5 Luzon 4 Luzon 3 Visayas 23 Visayas 8 Visayas 9 Total 35 Total 15 Total 12 Note: The Company closed two
Slide 9: Network expansion: New store in Mactan, Cebu
MRSGI network expansion | New store in Mactan, Cebu Metro LG Market (Supermarket) | Opened on 04 August 2023
Slide 10: Network expansion: New store in Gen. Trias, Cavite
MRSGI network expansion | New store in Gen. Trias, Cavite Metro Value Mart Lancaster (Neighborhood mini-mart) | Opened on 22 August 2023
Slide 11: Network expansion: Sta. Rosa Warehouse
MRSGI network expansion | Sta. Rosa Warehouse Recent photos
Slide 12: More Metro Retail Stores gain DTI Gold Bagwis Awards
More Metro Retail Stores gain DTI Gold Bagwis Awards Received additional eight (8) awards to various store locations (July 2023) Metro Retail stores that have received DTI Gold Bagwis Awards : • Metro Fresh ‘n Easy Punta • Metro Fresh ‘n Easy Tabok • Metro Fresh ‘n Easy Tabunok • Metro Danao • Metro
Slide 13: Recognized as Landbank's Partner in Fund Management
MRSGI recognized as Landbank’s Partner in Fund Management Received DIAMOND (Distinguished Initiators and Movers of Nat’l Dev’t) Award Landbank’s DIAMOND Award recognizes MRSGI as one of their outstanding partners in fund management that extended resolute confidence in the Bank for the growth and dev
Slide 14: Key financial indicators
Key financial indicators Currency: PhP million 2016 2017 2018 2019 2020 2021 2022 1H 2023 Financial highlights Net sales 34,411 35,016 33,050 36,790 31,286 31,211 38,102 16,974 EBITDA 1,547 1,877 1,781 2,785 1,273 1,220 2,680 802 Net income 789 977 965 776 (450) (318) 917 137 Equity 7,145 7,943 8.70
Slide 15: MRSGI's Strategy
MRSGI’s Strategy 2Q & 1H 2023 Earnings Call and Analysts’ Briefing 24 August 2023
Slide 16: MRSGI's Five Strategy Pillars
MRSGI’s Five Strategy Pillars Sustainable Growth Operational Excellence Channel Expansion Margin Enhancement Organizational Development
Slide 17: Q&A
Q&A 2Q & 1H 2023 Earnings Call and Analysts’ Briefing 24 August 2023
Slide 18: 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 19: Annex: Financial Statements
Annex: Financial Statements 2Q & 1H 2023 Earnings Call and Analysts’ Briefing 24 August 2023
Slide 20: Statement of Comprehensive Income
Statement of Comprehensive Income
Slide 21: Statement of Comprehensive Income
Statement of Comprehensive Income
Slide 22: Statement of Financial Position
Statement of Financial Position
Slide 23: Statement of Financial Position
Statement of Financial Position
Slide 24: Statement of Cash Flows
Statement of Cash Flows METRO RETAIL STORES GROUP, INC. UNAUDITED INTERIM STATEMENTS OF CASH FLOWS For the Six-month Periods Ended June 30 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Income (loss) beforeincome tax 184,555,908 290,933, 700 Adjustments for: Depreciation and amortization - PPE {Note
Slide 25: Statement of Cash Flows
Statement of Cash Flows CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment (Note 8) (552,469,919) (377,647,221) Proceeds from insurance claim 53,681,402 - Increase in short-term investments - (1,812,388,085) Decrease (increase) in other noncurrent assets (186,037,304) 62,786,
Slide 26: Press Release
Press Release RA METRO MEDIA RELEASE on seae eore August 11, 2023, BAtro Retail posts PRPA7.0 billion top fine; PRPI36.8 million net income in first hat 2023 11 August 2023, Manila, Philippines —Metro Retail Stores Graup, Inc. (MRSGI) posted a PhP76 Smilin net income in the second quarter of 2023, b
Slide 27: 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
Metro Retail Stores Group — Q2 2023 Earnings Presentation on 6ix