Metro Retail Stores Group, Inc. · PSE:MRSGI
Metro Retail Stores — Q2 2024 Earnings Presentation
31 slides from Metro Retail Stores's earnings presentation, Aug 22, 2024
Slide 1: 2Q & 1H 2024 Earnings Call and Analysts' Briefing
2Q & 1H 2024 Earnings Call and Analysts’ Briefing 22 August 2024
Slide 2: Presenters
Presenters Mr. Arnold M. Leoncio Mr. Joselito G. Orense Vice President for Business Development Treasurer and and Investor Relations Chief Finance Officer
Slide 3: General rules
General rules 1. Please note that this call will be recorded. Recording of this Earnings Call will be shared upon request. 2. This Earnings Call will run for about half an hour with the first part allotted for a presentation and the second part for the Q&A. 3. Participants other than the speakers wi
Slide 4: 1H 2024 Financial and Operational Highlights
1H 2024 Financial and Operational Highlights Net sales increased by Gross profit increased by vs. historical financials As of 30 June 2024 6.1% 0.3% 16.60 Net sales (PhP billions) 17.42 16.97 18.00 Market capitalization PhP4.16B to PhP18.00 billion to PhP3.73 billion 15.23 13.80 Share price EBITDA d
Slide 5: Results of operations | Sales
Results of operations | Sales Net sales (in PhP billion) Share to Business (in % of net sales) 6.1% 18.00 Department store 16.97 21% 7.0% 8.66 9.27 PhP18.0B Net sales Supermarket Hypermarket 55% 24% 2Q 2023 2Q 2024 1H 2023 1H 2024 Net sales registered a 6.1% growth – driven by improved sales of ex
Slide 6: Results of operations | Margin and Opex
Results of operations | Margin and Opex Gross margin (in PhP billion) Operating expenses (in PhP billion) 0.3% 2.2% 3.72 3.73 3.57 3.65 21.9% 20.7% 20.3% 21.0% 0.5% 2.2% 1.90 1.91 1.86 1.82 21.9% 20.6% 21.0% 20.1% 2Q 2023 2Q 2024 1H 2023 1H 2024 2Q 2023 2Q 2024 1H 2023 1H 2024 Taking into account
Slide 7: Results of operations | EBITDA and Net Income
Results of operations | EBITDA and Net Income EBITDA (in PhP million) Net Income (in PhP million) -0.5% 802.45 798.32 4.7% 4.4% 4.3% 392.27 409.10 4.5% 4.4% -26.6% -34.7% 136.85 76.81 100.45 50.14 0.8% 0.9% 0.6% 0.5% 2Q 2023 2Q 2024 1H 2023 1H 2024 2Q 2023 2Q 2024 1H 2023 1H 2024 EBITDA recorded a
Slide 8: Results of operations | Comparable store sales
Results of operations | Comparable store sales Blended comparable sales continued to improve Blended Comparable Sales (in PhP billion) 3.8% 16.97 17.61 4.7% 8.66 9.07 2Q 2023 2Q 2024 1H 2023 1H 2024 Same-store sales increased by 4.7% compared to the same quarter a year ago and faster than the 2.8%
Slide 9: Results of operations | Comparable store sales
Results of operations | Comparable store sales Comparable sales across all formats increased Supermarket Department Store Hypermarket (in PhP billion) (in PhP billion) (in PhP billion) 2.7% 9.29 9.54 2.5% 4.71 4.83 1.3% 9.0% 5.1% 9.5% 4.26 3.77 3.82 3.91 1.95 2.05 2.00 2.19 2Q 2023 2Q 2024 1H 2023 1
Slide 10: MRSGI existing store network
MRSGI existing store network Geographical composition of store network (as of end-June 2024) NCR 10 64 Visayas stores Luzon 12 42 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 5 Luzon 4 Luzon 3 Visayas 25 Visayas 8 Visayas 9 Total 37 Total 15 Total 12 Note: MRSGI has ongoing major
Slide 11: Q1 activities – store and warehouse openings, groundbreaking
MRSGI network expansion: Q1 activities – store and warehouse openings, groundbreaking Opening of Metro Distribution Center in Sta. Rosa, Laguna Opening of Metro Value Mart Gun-ob (Jan 2024) Groundbreaking of five (5) supermarkets in the Visayas Metro Supermarket Metro Value Mart Metro Value Mart Met
Slide 12: Opening of Metro Home Improvement in July 2024
Network expansion: Opening of Metro Home Improvement in July 2024 The Company has launched its first Metro Home Improvement store at Marquee Mall, Angeles. Spanning 1,000 square meters, the Metro Home Improvement store is designed to cater to homeowners and DIY enthusiasts. It offers a broad selecti
Slide 13: Soft opening of Metro Supermarket in Catbalogan City, Samar
MRSGI network expansion: Soft opening of Metro Supermarket in Catbalogan City, Samar 15
Slide 14: Network expansion: Ongoing construction
MRSGI network expansion: Ongoing construction Metro Value Mart Metro Value Mart Hinigaran, Negros Occidental Brgy. Tangke, Talisay City, Cebu Brgy. Poblacion, Talisay City, Cebu Metro Supermarket Liloan, Cebu 16
Slide 15: Ground breaking in Naval, Biliran
MRSGI network expansion: Ground breaking in Naval, Biliran 17
Slide 16: Recent events | More Metro Retail Stores gain DTI Gold Bagwis Awards
Recent events | More Metro Retail Stores gain DTI Gold Bagwis Awards Received additional 10 awards to various store locations in June 2024 MRSGI honored with 10 DTI Gold Bagwis Awards for Excellence This recognition highlights MRSGI’s unwavering commitment to consumer protection, exceptional custome
Slide 17: Key financial indicators
Key financial indicators Currency: PhP million 2016 2017 2018 2019 2020 2021 2022 2023 1H 2024 Financial highlights Net sales 34,411 35,016 33,050 36,790 31,286 31,211 38,102 38,272 18,000 EBITDA 1,547 1,877 1,781 2,785 1,273 1,220 2,680 2,167 798 Net income 789 977 965 776 (450) (318) 917 618 100 F
Slide 18: MRSGI's Strategy
MRSGI’s Strategy 2Q & 1H 2024 Earnings Call and Analysts’ Briefing 20 22 August 2024
Slide 19: MRSGI's Five Strategy Pillars
MRSGI’s Five Strategy Pillars Sustainable Growth Operational Excellence Channel Expansion Margin Enhancement Organizational Development
Slide 20: Q&A
Q&A 2Q & 1H 2024 Earnings Call and Analysts’ Briefing 22 22 August 2024
Slide 21: Investor Relations Office
Investor Relations Office Mr. Arnold M. Leoncio VP for Business Development and Investor Relations email: arnold.leoncio@metroretail.ph 23
Slide 22: 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/ 24
Slide 23: Annex: Financial Statements
Annex: Financial Statements 2Q & 1H 2024 Earnings Call and Analysts’ Briefing 25 22 August 2024
Slide 24: Statement of Comprehensive Income (1/2)
Statement of Comprehensive Income (1/2) 26
Slide 25: Statement of Comprehensive Income (2/2)
Statement of Comprehensive Income (2/2) 27
Slide 26: Statement of Financial Position (1/2)
Statement of Financial Position (1/2) 28
Slide 27: Statement of Financial Position (2/2)
Statement of Financial Position (2/2) 29
Slide 28: Statement of Cash Flows (1/2)
Statement of Cash Flows (1/2) 30
Slide 29: Statement of Cash Flows (2/2)
Statement of Cash Flows (2/2) 31
Slide 30: Press Release
MEDIA RELEASE ‘August 22, 2024 Metro Retail continues sales growth in frst half of 2024; records PhP100.4 million net income 22 August 2024, Manila, Philippines ~ Mev Retail Stores Group, Ino. (MRSGI) generated PhP 18.0 billon in net sales forthe fst naif of 2024, representing 6% growth year-on-year
Slide 31: 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
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