Metro Retail Stores Group, Inc. · PSE:MRSGI

Metro Retail Stores — Q1 2022 Earnings Presentation

30 slides from Metro Retail Stores's earnings presentation, May 19, 2022

  1. Slide 1: 1Q 2022 Earnings Call and Analysts' Briefing

    1Q 2022 Earnings Call and Analysts’ Briefing 19 May 2022

  2. Slide 2: General rules

    General rules 1. Please note that this call is being recorded. Recording of this Earnings Call will be shared upon request. 2. This Earnings Call will run for about an hour with the first part allotted for a presentation and the second part for the Q&A. 3. Participants other than the speakers will b

  3. Slide 3: New Head for BD and Investor Relations: Arnold Leoncio

    New Head for BD and Investor Relations: Arnold Leoncio • Joined VDC in July 2012 as Corporate Strategy Officer. 10 years total with the group • As Corporate Strategy Officer, was involved in implementing strategic projects, financial analysis, and evaluating potential partnerships and business oppor

  4. Slide 4: 1Q 2022 Financial and Operational Highlights

    1Q 2022 Financial and Operational Highlights ₱ PhP8.51 billion PhP386.38 million PhP33.34 million Net sales EBITDA Net income PhP20.75 billion PhP8.17 billion 61 stores ₱ Total assets Total equity 33 SM, 15 DS, 13 HM Note: Store count as of end-March 2022 (SM refers to supermarkets, DS for departmen

  5. Slide 5: Results of operations: Net sales

    Results of operations Net Sales increase of 23.0% Net sales Share to Business (in PhP billion) (in % of 1Q 2022 net sales) 8.51 23.0% 6.92 Hypermarket 21% Supermarket 61% Department 1Q 2021 1Q 2022 store 18%  Net sales for the first quarter of the year significantly increased by 23.0% compared to t

  6. Slide 6: Results of operations: Gross profit and opex

    Results of operations Gross Profit higher, % Opex lower Gross Profit Operating Expenses (in PhP billion) (in PhP billion) 17.5% 1.61 3.4% 1.48 1.53 1.37 18.9% 21.4% 18.0% 19.8% 1Q 2021 1Q 2022 1Q 2021 1Q 2022  For the three-month period ended 31 March 2022, gross profit increased by 17.5% compared

  7. Slide 7: Results of operations: EBITDA and net income

    Results of operations Strong rebounds in EBITDA and NIAT EBITDA Net Income (in PhP million) (in PhP million) 386.38 126.4% 33.34 63.2% 4.5% 0.4% 236.74 3.4% -1.8% (126.47) 1Q 2021 1Q 2022 1Q 2021 1Q 2022  EBITDA and Net Income both posted strong rebounds in 1Q 2022.  Net income swung to a positive

  8. Slide 8: Results of operations: Blended comparable sales

    Results of operations 20+% increase in comparable store sales Blended comparable sales Blended comparable sales with Super Metro Maasin without Super Metro Maasin (in PhP billion) (in PhP billion) 8.08 8.01 21.7% 23.4% 6.64 6.49 1Q 2021 1Q 2022 1Q 2021 1Q 2022  The Company’s blended comparable sale

  9. Slide 9: Comparable store sales: Department stores and supermarkets

    Results of operations | Comparable store sales Strong sales increases in DS and SM Comparable department Comparable supermarket stores sales sales (in PhP billion) (in PhP billion) 4.84 29.1% 3.75 30.4% 1.46 1.12 1Q 2021 1Q 2022 1Q 2021 1Q 2022  Comparable sales of both Department Stores and Superm

  10. Slide 10: Comparable store sales: Hypermarkets

    Results of operations | Comparable store sales Single-digit growth for HM Comparable hypermarket Comparable hypermarket sales sales with Super Metro Maasin without Super Metro Maasin (in PhP billion) (in PhP billion) 1.77 0.6% 1.78 5.6% 1.62 1.71 1Q 2021 1Q 2022 1Q 2021 1Q 2022  Comparable sales of

  11. Slide 11: MRSGI existing store network

    MRSGI existing store network 2 new stores and 1 closed in April 2022 Geographical composition of store network (as of 19 May 2022) NCR 10 62 Visayas stores Luzon 40 12 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 4 Luzon 4 Luzon 4 Visayas 23 Visayas 8 Visayas 9 Total 34 Total 15

  12. Slide 12: Network expansion: New store in Cebu

    MRSGI network expansion | New store in Cebu Metro Paseo (Supermarket in Cebu) | Opened in April 2022

  13. Slide 13: Network expansion: New store in Leyte

    MRSGI network expansion | New store in Leyte Metro Hilongos (Supermarket in Leyte) | Opened in April 2022

  14. Slide 14: Network expansion: Pipeline store, Catbalogan

    MRSGI network expansion | Pipeline store Metro Catbalogan, Samar (Supermarket and Department Store) | Targeted for 2023

  15. Slide 15: Network expansion: Pipeline store, Alang-alang

    MRSGI network expansion | Pipeline store Metro Alang-alang, Leyte (Supermarket) | Targeted for 2023

  16. Slide 16: E-commerce

    E-commerce MRSGI continues to adapt to more digitally enabled retail space Strategic Partnership MRSGI continues to push forward its e-commerce and mobile commerce offerings • E-commerce sales increased more than double in 2021 on the back of the 5x growth of MRSGI’s own online platform. • The Compa

  17. Slide 17: Safety Seal Certificate from the DTI

    Metro Stores in Luzon and Visayas received the Safety Seal Certificate from the Department of Trade and Industry (DTI) which assures shoppers that the establishment implements and observes proper health and safety protocols.

  18. Slide 18: Key financial indicators

    Key financial indicators Currency: PhP million 2018 2019 2020 2021 1Q 2022 Net sales 33,050 36,790 31,286 31,211 8,509 EBITDA 1,781 2,785 1,273 1,220 386 Net income 965 776 (450) (318) 33.3 Current Ratio 2.01 1.47 1.45 1.71 2.61 Debt to Equity Ratio - - 0.18 0.18 0.36 Net Debt to Equity Ratio (0.41)

  19. Slide 19: Plans and Prospects

    Plans and Prospects 1Q 2022 Earnings Call and Analysts’ Briefing 19 May 2022

  20. Slide 20: Plans and Prospects

    Plans and Prospects:  Continue to pursue new formats, channels and expansion opportunities  Continue to strengthen and expand our e-commerce program  Keep striving to deliver the best customer experience  Implement operational efficiency and sales productivity initiatives  Re-organize MRSGI for

  21. Slide 21: Q&A

    Q&A 1Q 2022 Earnings Call and Analysts’ Briefing 19 May 2022

  22. 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/

  23. Slide 23: Annex: Financial Statements

    Annex: Financial Statements 1Q 2022 Earnings Call and Analysts’ Briefing 19 May 2022

  24. Slide 24: Statement of Comprehensive Income

    Statement of Comprehensive Income

  25. Slide 25: Statement of Comprehensive Income

    Statement of Comprehensive Income

  26. Slide 26: Statement of Financial Position

    Statement of Financial Position

  27. Slide 27: Statement of Financial Position

    Statement of Financial Position

  28. Slide 28: Statement of Cash Flows

    Statement of Cash Flows METRO RETAIL STORES GROUP, INC. UNAUDITED INTERIM STATEMENTS OF CASH FLOWS For the Three-month Periods Ended March 31 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax 44,128,622 (166,948,405) Adjustments for: Depreciation and amortization - PPE (Note 8)

  29. Slide 29: Statement of Cash Flows

    Statement of Cash Flows CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment (Note 8) (241,657,610) (192,979,106) Increase in short-term investments (1,704,716,327) (7,960,515) Decrease in other noncurrent assets 56,329,462 34,864,644 Net cash used in investing activities (1,89

  30. Slide 30: 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 — Q1 2022 Earnings Presentation on 6ix