Philippine Seven Corporation · PSE:SEVN
Philippine Seven — Q1 2016 Earnings Presentation
16 slides from Philippine Seven's earnings presentation, May 2016
Slide 1: Investors Briefing Q1 2016
Philippine Seven Corpora/on (SEVN:PM) INVESTORS BRIEFING Q1 2016 7th Floor The Columbia Tower, Or/gas Avenue, Mandaluyong City, Philippines Email: investor-rela0ons@7-eleven.com.ph
Slide 2: Who We Are
Who We Are MISSION: To make daily life easier by providing modern convenience. VISION: To be the best retailer of convenience for emerging markets. VALUES: We value integrity, teamwork, and reliability. We are data-driven and customer focused in our decisions. -2-
Slide 3: A Global Brand
A Global Brand The World’s Largest Retailer: ~ 55,000 Stores Norway SERVING OVER 44M Sweden Canada Denmark GUESTS United States China Japan South Korea DAILY Mexico Hong Kong Taiwan Macau 2015 Thailand 2X $100 Billion Malaysia Philippines WORLD’S POPULATION in Sales Singapore Indonesia EVERY Estimat
Slide 4: Local Coverage
Local Coverage By Location Store Count % Metro Manila 705 43% Luzon-ex MM 716 43% Visayas 189 11% Mindanao 45 3% Total 1,655 100% As of Mar. 31, 2016 7-Eleven has at least 65% market share in the Philippines. -4-
Slide 5: PSC History at a Glance
PSC History at a Glance 1982 PSC was established 2005 Moved to a full-scale distribution center 1984 Opened first store 2007 PhilSeven Foundation was established 1996 Opened 100th Store 2010 Opened 500th Store PSC launches its IPO; Opened first Opened 711th Store and entered Visayas 1998 2012 Franch
Slide 6: Shareholding Structure
Shareholding Structure Agus Development Corp. Present 3% Shareholding Others-Foreign Structure 14% Others-Filipino 4% Progressive Development Corp. 2% President Chain Store (Labuan) Holdings, Asian Holdings Corp. Ltd. 7% 52% As of December 31, 2015 % Paterno Family 8% President Chain Store (Labuan)
Slide 7: SEVN Share Information
SEVN Share Informa/on Price (May 12, 2016) Php 115.00 Hi/Low (12 months) Php 87.00 – Php 137.00 Free Float 32% Outstanding Shares 458.44 million Market Capitalization USD 1.13 billion Dividend 2008 2009 2010 2011 2012 2013 2014 2015 2016 Payment Stock .10 .10 .05 .15 .15 .15 - - - Cash - - .05 .10 .
Slide 8: Proprietary Products
Proprietary Products By Section Services Non-food 1% 7-Eleven 18% fresh food and cup drinks 25% Food 56% 1. 7-Eleven fresh food and drinks includes, rice meal, sandwiches, Slurpee® and coffee. 2. Food section are FMCG and alcoholic beverages 3. Non-food are cigarettes and health & beauty items 4. Se
Slide 9: Promotions and Events
Promotions and Events #TElection #PH The voice of the Gu Lp generation! ie NEVER MISS YOUR MESSAGES! Giga TO CONNECT! in partnership with ¢] RUN 2016 : 3.5 FILINVEST CITY ei @ “City Blends EVERY DAY BREAKFAST COMBO air an ili Stein NS NS
Slide 10: Q1 2016 Financial Highlights
Q1 2016 Financial Highlights 2016 2015 % change 7,342.6 Sales 5,501.5 33.5 182.4 Net income 112.9 61.6 579.2 EBITDA 415.3 39.5 (Php million) Q1 Net Income 5-Year Trend 200.0 150.0 100.0 50.0 - 2012 2013 2014 2015 2016 Q1 56.3 113.9 100.0 112.9 182.4 - 10 -
Slide 11: FY 2015 Financial Highlights
FY 2015 Financial Highlights 2015 2014 % change 25,779.3 Sales 20,566.5 25.3 1,008.0 Net income 873.3 15.4 2,586.1 EBITDA 2,134.2 21.2 (Php million) Net income 1,200.0 1,000.0 3.1% R+2 800.0 5Y CAG 600.0 400.0 200.0 - (200.0) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Net income (2.
Slide 12: FY 2015 Financial Highlights
FY 2015 Financial Highlights 10,000 Balance Sheet and Cash Flow As of % 9,000 (in Php Million except Book Value per Share) Dec. 31, change 2015 8,000 9,515.9 21% Total Assets 7,000 Current Assets 3,648.8 8% Total Assets Non-current Assets 5,867.2 30% 6,000 Current Liabilities 4,976.6 18% 5,000 Total
Slide 13: FY 2015 Financial Highlights
FY 2015 Financial Highlights EPS Selected Financial Ratio 2015 2014 2.50 Liquidity and Leverage Ratio: 2.00 Current Ratio (x) 0.73 0.80 1.50 Net Debt to Equity (%) 8.6% -14.9% 1.00 Profitability Ratio: 0.50 - Return on Equity (%) 27.2 30.0 2010 2011 2012 2013 2014 2015 Return on Capital Employed (%)
Slide 14: Comparative Metrics
Compara/ve Metrics 2015 PSC PCSC CPALL 7-Eleven (Thailand) (Philippines) (Taiwan) Key Performance Ra.o: Store count 1,602 5,028 8,832 Net Margin % 3.9* 6.9 4.6 EBITDA % 10.0* 8.9 10.2 EBIT % 5.8* 4.8 8.4 ROE 27.2 36.1 40.6 Days inventory outstanding 29.7 21.4 22.6 Days payable outstanding 40.8 50.1
Slide 15: 2016 CAPEX
2016 CAPEX 2016 Budget of Php3.5 billion • 3 Year Trend 3,000 Others Warehouse 2% Equipment expansion 2,500 replacement 3% and new product line 2,000 20% 1,500 1,000 Opening of new stores 68% 500 Store - 2013 2014 2015 remodelling Opening of new stores 1,013 1,394 2,121 7% Equipment replacement 35 2
Slide 16: End of Presentation
* End of Presentation *