Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — FY2024 Earnings Presentation
16 slides from Cosco Capital's earnings presentation, 2024
Slide 1: Investor Presentation FY 2024 Results
Investor Presentaiton FY 2024 Results 1
Slide 2: Company Overview
Company Overview 49% 78% 100% 100% Liquor Commercial Real Specialty Energy and Grocery Retailing Distribution Estate Retailing Minerals • Ellimac Prime Holdings, Inc., KEEPR • Fertuna Holdings 60% (formerly DAVIN) Corp., • Catuiran • Patagonia Holdings Hydropower Corp., Corporation • Nation Realty,
Slide 3: Consolidated Financial Statements
CONSOLIDATED FINANCIAL STATEMENTS 3
Slide 4: FY 2024 Consolidated Financial Performance
FY 2024 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) FY2024 % FY2023 % (DECREASE) % REVENUES 236,956,853 100.00% 214,484,426 100.00% 22,472,427 10.48% COST OF SALES/SERVICES 191,126,400 80.66% 173,849,129 81.05% 17,277,271 9.94% GROSS PROFIT 45,830,453 19.34% 40,635,297 18.95% 5,195,15
Slide 5: Consolidated Revenue and NIAT Contributions
CONSOLIDATED REVENUE AND NIAT CONTRIBUTIONS REVENUE % GROWTH BUSINESS SEGMENTS FY2024 % FY2023 % (DECLINE) GROCERY RETAIL 219,171,530 92.5% 199,031,905 92.8% 10.12% LIQUOR DISTRIBUTION 14,201,964 6.0% 12,344,351 5.8% 15.05% REAL ESTATE 1,020,040 0.4% 963,030 0.4% 5.92% SPECIALTY RETAIL 2,071,397 0.9
Slide 6: FY 2024 Results Business Segment Operating
FY 2024 Results Business Segment Operating 6
Slide 7: Grocery Retail Segment – Operating Highlights
Grocery Retail Segment – Operating Highlights Store Network Expansion • Puregold opened 26 new stores during FY 2024: 2 Metro Manila, 18 Luzon, 3 Visayas, 3 Mindanao • Opened 4 S&R stores in Bacolod in April, Malolos in June, Bacoor in September, Sto. Tomas in December • Opened 8 QSR during FY 2024
Slide 8: Grocery Retail Segment – Operating Highlights
Grocery Retail Segment – Operating Highlights Sales Performance 8
Slide 9: Liquor Distribution Segment: FY 2024 Financial Highlights
Liquor Distribution Segment: FY 2024 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +13.6% +17.6% 18,527 6,000 16,313 5,232 13,957 5,000 4,450 4,000 3,474 3,000 27.3% 28.2% 24.9% 2,000 1,000 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 GP GP Margin EBITDA and Margin Net Profit
Slide 10: Real Estate Segment-Operating Highlights
Real Estate Segment-Operating Highlights FY2023 FY2024 Land Under Lease 93.96% 93.09% Commercial Buildings 91.23% 90.77% Over-all 92.17% 91.59% 10
Slide 11: Specialty Retail Segment - Operating Highlights
Specialty Retail Segment - Operating Highlights SSSG of -6.38% in 2024 vs +14.93% in 2023 FY 2023 FY 2024 No. Stores 104 110 Net selling area 16,491 sqm 16,680 sqm 11
Slide 12: Energy Segment - Operating Highlights
Energy Segment - Operating Highlights Energy Delivered Plant Capacity (kWh) Factor (%) Company Installed Capacity CATUIRAN 8 MW 43,157,520 61.19% MATUNO 8.66 MW 24,352,738 33.43% 12
Slide 13: Consolidated Financial Position
CONSOLIDATED FINANCIAL POSITION INCREASE (In Thousands) FY2024 % FY2023 % (DECREASE) % TOTAL CURRENT ASSETS 123,015,792 49.33% 111,032,844 48.88% 11,982,948 10.79% TOTAL NONCURRENT ASSETS 126,375,093 50.67% 116,132,181 51.12% 10,242,912 8.82% TOTAL ASSETS 249,390,886 100.00% 227,165,025 100.00% 22,2
Slide 14: Consolidated Cash Flows
CONSOLIDATED CASH FLOWS (in thousands) FY2024 FY2023 NET CASH FROM OPERATING ACTIVITIES 23,085,838 23,134,879 NET CASH USED IN INVESTING ACTIVITIES (32,414,435) (8,683,864) NET CASH USED IN FINANCING ACTIVITIES (6,260,964) (12,285,391) NET DECREASE IN CASH AND CASH EQUIVALNETS (15,589,562) 2,165,624
Slide 15: Efficiency Ratios
EFFICIENCY RATIOS GROCERY RETAIL FY2024 FY2023 Days in receivables 6 4.5 Days in inventories 57.3 61.6 Days in payables 38.2 36.6 Cash conversion cycle 25.1 29.5 LIQUOR DISTRIBUTIONS FY2024 FY2023 Days in receivables 47.0 47.0 Days in inventories 166.0 214.0 Days in payables 66.0 79.0 Cash conversio
Slide 16: Thank you
S COSCO Capital i t ed i n cor por a Thank you