Cp All Public Company Limited · SET:CPALL
Cp All Public — Q3 2024 Earnings Presentation
26 slides from Cp All Public's earnings presentation, Nov 13, 2024
Slide 1: 3Q2024 CPALL Business and Performance Briefing
3Q2024 CPALL Business and Performance Briefing November 13, 2024 1
Slide 2: 3Q2024 Financial Performance
3Q2024 Financial Performance 2
Slide 3: Financial Highlights 3Q24
Financial Highlights 3Q24 Another remarkable milestone achieved Consolidated Performance Total Revenue Net Profit* GP Margin EBIT Margin 241,282 5,608 22.7 4.8 Millions Baht Millions Baht Percent Percent +6.6% +26.8% +10.9% +14.2% amount growth amount growth *Adjusted net profit was equal to 6,190MB
Slide 4: Financial Highlights 9M24
Financial Highlights 9M24 Another remarkable milestone achieved Consolidated Performance Total Revenue Net Profit* GP Margin EBIT Margin 730,233 18,167 22.5 5.0 Millions Baht Millions Baht Percent Percent +7.3% +39.9% +10.4% +19.8% amount growth amount growth *Adjusted net profit was equal to 18,458
Slide 5: Business Segment Performance
Business Segment Performance CVS & Others and Grocery Wholesaling and Retailing 9M24 Revenue contribution before elimination Sales Services Wholesale 201,742 3,586 Millions Baht Millions Baht +5.5% -7.3% Sales Services 159,678 11,101 Retail Millions Baht Millions Baht +4.6% +0.0% 9M24 EBT contributi
Slide 6: Store Types Breakdown
Store Types Breakdown Ongoing store expansion BKK & Suburban / Provincial Corporate / Store Business Partner & Sub-area (Unit: Stores) (Unit: Stores) 57% 49% 43% 51% Stand-alone / In PTT gas station Store Expansion (Unit: Stores) 14% 2019 2020 2021 2022 2023 +724 +720 +702 +704 +707 86% 1Q24 2Q24 3Q
Slide 7: International Expansion in 9M24
International Expansion in 9M24 Continuity of heartwarming welcome 9 Stores 98 Stores 7
Slide 8: Same Store Sales Growth
Same Store Sales Growth Continued delivering positive SSSG, maintaining strong sales SSSG (%) Average daily sales / store (Baht) 2019 2020 2021 2022 +1.7% -14.5% -6.7% +15.9% 2023 1Q24 2Q24 3Q24 +5.5% +4.9% +3.8% +3.3% Spending per ticket (Baht) No. of customer/store/day (customers) 8
Slide 9: CVS: Offline to Online (O2O)
CVS: Offline to Online (O2O) Represent a strong journey with continuously positive response O2O contribution (2020-9M24) 11% 11% 10% 8% 3% 2020 2021 2022 2023 9 M2 4
Slide 10: Product Sales Mix and Gross Margin
Product Sales Mix and Gross Margin Managing product mix to enhance margin Product Sales Mix Personal Care Household & Others Cigarette Food Services i.e. RTE Processed Food Beverage Product Margin Non-foods Total Products Foods 10
Slide 11: SG&A Expenses
SG&A Expenses Leverage fixed cost to enhance cost control efficiency Consolidated SG&A Expense (Unit: Million Baht) +9.2% YoY Others Utilities Advertising Store MGT Fee Rental and D&A Personnel 3Q24 : 48,565 MB Company Only SG&A Expense (Unit: Million Baht) +10.7% YoY Others Utilities Advertising St
Slide 12: Profitability Ratios – Consolidated
Profitability Ratios – Consolidated Demonstrate a journey marked by resilient recovery Gross Profit (Sales & Services) EBIT (Unit: Million Baht) +10.9% YoY (Unit: Million Baht) +14.2% YoY EBITDA Net Profit (Unit: Million Baht) +7.5% YoY (Unit: Million Baht) +26.8% YoY 12
Slide 13: Profitability Ratios – Company Only
Profitability Ratios – Company Only Demonstrate a journey marked by resilient recovery Gross Profit (Sales & Services) EBIT (Unit: Million Baht) +13.5% YoY (Unit: Million Baht) +16.2% YoY EBITDA Net Profit (Unit: Million Baht) +10.4% YoY (Unit: Million Baht) +28.4% YoY 13
Slide 14: Leverage Ratios
Leverage Ratios Preserved solid financial ground Cash& Cash equivalent Interest • As of 30 September 2024, CPALL reported bearing debt consolidated interest bearing debt at amount of Baht 318,290 million. Other Other • Net debt to adjusted equity was at 0.84x assets liabilities vs bond covenant at 2
Slide 15: Working Capital
Working Capital Negative cash cycle days Consolidated Cash Cycle Days CVS Cash Cycle Days (Unit: Days) (Unit: Days) 15
Slide 16: 7-Eleven expansion and CAPEX plan
7-Eleven expansion and CAPEX plan Continuity of store expansion along with efficient budget 2024 CVS Projected CAPEX 7-Eleven Stores Expansion Stores MB Stores expansion 3,800 – 4,000 • Thailand 700 Stores renovation 2,900 – 3,500 • Cambodia >10 Investment in new projects, subsidiaries & DC 4,
Slide 17: Q&A Thank you
Q&A Thank you 17
Slide 18: Consolidated Financial Statement
Consolidated Financial Statement Balance Sheet 2022 2023 1Q23 2Q23 3Q23 1Q24 2Q24 3Q24 Unit : Million Baht Cash & Cash equivalent 71,424 67,234 43,596 40,766 47,152 56,413 54,087 45,980 Inventory 58,183 57,501 57,697 54,242 54,427 59,269 56,402 57,763 Fixed assets 257,540 258,326 257,180 256,913 258
Slide 19: Consolidated Financial Statement
Consolidated Financial Statement Income Statement 2022 2023 1Q23 2Q23 3Q23 1Q24 2Q24 3Q24 Unit : Million Baht Revenue from Sales & Services 829,099 895,281 215,895 225,603 220,051 234,315 240,948 234,044 Other Income 23,506 25,906 6,477 6,399 6,376 6,991 7,079 7,238 Total revenue 852,605 921,187 222
Slide 20: Consolidated Financial Statement
Consolidated Financial Statement Financial Ratios 2022 2023 1Q23 2Q23 3Q23 1Q24 2Q24 3Q24 Gross margin (sales & service) 21.5% 21.9% 21.7% 22.0% 21.8% 22.3% 22.4% 22.7% Operating margin 4.3% 4.7% 4.7% 4.4% 4.4% 5.3% 5.0% 4.8% EBITDA margin 8.6% 8.6% 8.7% 8.3% 8.5% 9.1% 8.7% 8.6% Net margin 1.6% 2.0%
Slide 21: Company Only Financial Statement
Company Only Financial Statement Balance Sheet 2022 2023 1Q23 2Q23 3Q23 1Q24 2Q24 3Q24 Unit : Million Baht Cash & Cash equivalent 20,995 25,955 19,046 18,283 17,915 25,211 22,916 18,330 Inventory 18,007 19,339 18,016 17,561 17,933 19,634 19,278 19,356 Fixed assets 43,454 46,569 44,445 45,012 45,781
Slide 22: Company Only Financial Statement
Company Only Financial Statement Income Statement 2022 2023 1Q23 2Q23 3Q23 1Q24 2Q24 3Q24 Unit : Million Baht Revenue from Sales & Services 354,973 399,558 94,634 102,481 99,115 105,861 112,044 107,850 Other Income 27,517 29,938 6,412 9,637 7,179 8,781 9,562 7,925 Total revenue 382,490 429,496 101,0
Slide 23: Company Only Financial Statement
Company Only Financial Statement Financial Ratios 2022 2023 1Q23 2Q23 3Q23 1Q24 2Q24 3Q24 Gross margin (sales & service) (%) 27.4% 28.2% 27.9% 28.4% 27.9% 28.7% 29.0% 29.1% Operating margin (%) 5.6% 6.2% 5.4% 8.1% 6.0% 8.1% 8.0% 6.4% EBITDA margin (%) 9.9% 10.1% 9.4% 11.8% 10.0% 11.8% 11.5% 10.1% Ne
Slide 24: ESG: Progress Towards 2030 Sustainability Goals
ESG: Progress Towards 2030 Sustainability Goals for Phase 2 in 2021-2030 Material topics in 2023 Governance and Economic Environmental Dimension Social Dimension Dimension 7 Go Green 7 Go Together 7 Go Right 2023 2023 2023 Topic Goal Performance Topic Goal Performance Topic Goal Performance Social I
Slide 25: Major Shareholders and Dividend Payment
Major Shareholders (as of Dec 31, 2023) Price (Nov 6, 2024) : Bt 63.75 - CPG 35.5% Hi/Low (12-month) : Bt50.50/ 68.00 per share - Thai NVDR 10.6% Avg. daily turnover : 1,575 MB - South East Asia UK 3.5% - Citibank Nominees Singapore 3.1% No. of shares : 8,983,101,348 (Par Bt1.00) - State Street Euro
Slide 26: Disclaimer
Disclaimer Items published on this presentation as IR information are intended to provide financial information or business information or etc. of CPALL. Some content may contain forward-looking statements, that based on management’s view upon the information currently available to us. These informa
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