Axelum Resources Corp. · PSE:AXLM
Axelum Resources — FY2023 Earnings Presentation
8 slides from Axelum Resources's earnings presentation, April 2024
Slide 1: Full Year 2023 Financial Results
Full Year 2023 Financial Results April 2024
Slide 2: FY 2023 Key Highlights
FY 2023 Key Highlights Overall results primarily weighed down by prolonged impact of pandemic-induced inventory glut Discussion › Sales: Steady performance of coconut water and Sales Gross Profit coconut milk/cream segments ₱5.7 Bn ₱970 Mn › Gross Profit: Maintained stable gross profit margin (YTD)
Slide 3: Sales Mix
Sales Mix Core product segments account for 91% of topline By Product Segment By Geography 9% 7% 4% 6% 29% 8% 16% 7% 72% 11% 31% Desiccated Coconut Coconut Water Coconut Milk Powder Sweetened Coconut Coconut Milk/Cream Others United States Philippines Europe Australia Asia 3
Slide 4: Consolidated Income Statement: FY 2023
Consolidated Income Statement: FY 2023 Results Discussion Sales Gross Profit in PHP Mn in PHP Mn • Sales: Steady performance of coconut water and 7,043 coconut milk/cream segments; prolonged impact of 2,106 pandemic-induced inventory glut combined with softer 5,679 demand due to macroeconomic headwi
Slide 5: Consolidated Balance Sheet and Key Ratios
Consolidated Balance Sheet and Key Ratios Results Discussion Cash Inventories in PHP Mn in PHP Mn • Cash: Increased cash balance due to proceeds from issuance of preferred shares 1,951 2,564 2,012 • Inventories: Lower inventories due to impact of direct 1,292 write-off • Current Ratio: Lower ratio a
Slide 6: Cashflow Summary
Cashflow Summary Cashflow (in PHP Mn) Discussion • Operating Activities: Positive cash generation despite operating loss 753 659 • Investing Activities: Deployed additional manufacturing capacity and completed facility upgrades • Financing Activities: Proceeds from preferred shares 127 issuance (220
Slide 7: Management Perspective
Management Perspective Positive macro developments in the USA indicating gradual demand uptick General Discussion Overall performance adversely affected by lingering impact of pandemic-induced inventory glut CURRENT PERIOD One-time inventory write-down reflects unfavorable price movement on finished
Slide 8: Mailing Address, Contact Number, Email
Mailing Address 1052 EDSA Magallanes Village, Makati City, Metro Manila 1232 Contact Number +63 (2) 8851 0730 Email investor.relations@axelum.com.ph Website www.axelum.ph Facebook www.facebook.com/axelumofficial/ Instagram @fiestacoconutproducts Youtube @axelumofficial5437