Century Pacific Food, Inc. · PSE:CNPF
Century Pacific Food — Q1 2026 Earnings Presentation
23 slides from Century Pacific Food's earnings presentation, May 7, 2026
Slide 1: Setting the Table for Shared Prosperity
Setting the Table for Shared Prosperity CNPF 1Q26 RESULTS PRESENTATION 07 MAY 2026
Slide 2: Latest Financial Performance
LATEST FINANCIAL PERFORMANCE
Slide 3: 1Q 2026 Financial Results Highlights
1Q 2026 FINANCIAL RESULTS HIGHLIGHTS CNPF’S RESILIENT VOLUME GROWTH CUSHIONS COST HEADWINDS TOTAL BRANDED OEM GROSS OPERATING & REVENUES REVENUES REVENUES MARGIN NET INCOME OI +17% 1Q26 +15% +11% +32% -100 1Q25: +8% +10% Growth year-on-year TOTAL BRANDED OEM bps GROSS NIAT NET INCOME REVENUES 1Q25:
Slide 4: Healthy Topline Growth in 1Q26 Delivered by Branded and OEM Recovery
HEALTHY TOPLINE GROWTH IN 1Q26 DELIVERED BY CONSISTENT BRANDED AND OEM RECOVERY Revenue Breakdown Revenue Growth Split YoY Quarterly Revenue Growth Trend In PHP B 15% YoY Branded OEM 1Q26 vs 1Q25 40% 10% YoY 32% 1Q25 vs 1Q24 29% 23.0 30% 22% 19% 1.2 22% 19.9 1.8 18% 16% 15% 20% 18.2 13% Branded +11%
Slide 5: Steady, Volume-Led Branded Performance Supported by Leading Trusted Brands
STEADY, VOLUME -LED BRANDED PERFORMANCE SUPPORTED BY LEADING TRUSTED BRANDS IN AFFORDABLE STAPLES Branded YoY Revenue Trend Branded Quarterly Revenue Trend Sustained Market Positions In PHP B In PHP B 5% QoQ Canned Tuna 1Q26 vs 4Q25 11% YoY 1Q26 vs 1Q25 17.9 #1 81% * Marsustained ‘26 vs Dec ‘25 Trai
Slide 6: Complex Landscape Pushes Consumers to Seek Value-for-Money Essentials
COMPLEX LANDSCAPE PUSHES CONSUMERS TO SEEK VALUE -FOR -MONEY ESSENTIALS Macroeconomic headwinds entering 2026 as Filipino consumers exercise increasing geopolitical tensions escalate discernment in household spending Diesel 119.2 (month-end WORTH THE SPEND* 54.8 price in PHP) Consumers turn to conve
Slide 7: Prioritized Demand-Generating Activities and Innovations to Support Value-Seeking Consumers
PRIORITIZED DEMAND -GENERATING ACTIVITIES AND INNOVATIONS TO SUPPORT VALUE -SEEKING CONSUMERS Affordable price points New plays in key subsegments Convenient offerings Argentina Meat Loaf’s Happy Bente Century Tuna Superbowl Rice Meal Blue Bay’s entry into corned tuna Fresca Tuna’s Sobra Na ‘To Coco
Slide 8: OEM Sustains Recovery, Growing 32% in 1Q26 Versus Low Base
OEM SUSTAINS RECOVERY FROM A CHALLENGING 2025, GROWING 32% IN 1Q26 VERSUS LOW BASE OEM YoY Revenue Trend OEM Quarterly Revenue Trend Skipjack Tuna Price Trend In PHP B In PHP B 32% YoY Source: Monthly Frozen (Whole) Skipjack 32% YoY Tuna (Bangkok Landings, WPO) 1Q26 vs 1Q25 1Q26 vs 1Q25 2% YoY 1Q25
Slide 9: Consistent Profit Growth Amid Higher Cost Environment
CONSISTENT PROFIT GROWTH AMID HIGHER COST ENVIRONMENT Margin pressure mitigated by favorable forex and lower opex to sales 1Q26 Profitability Metrics 26.2% In PHP B Gross Margin 25.1% Gross margins soften YoY due -100bps Operating Income & Op Margin to higher input costs 2,726 14.5% 14.4% Flattish o
Slide 10: Healthy Cash Position and Strong Balance Sheet Support Operations and Growth Plans
HEALTHY CASH POSITION AND STRONG BALANCE SHEET SUPPORT OPERATIONS AND UPCOMING GROWTH PLANS 1Q 2026 Cash Flows Leverage Ratios In PHP M Gearing 0.27 2,428 0.20 Dividends of Php 0.60 per share 3,272 (1,960) FY25 - 1Q26 (871) Increase in receivables, inventory, and Capacity prepayments (2,125) 2,885 e
Slide 11: FY 2026 Outlook
FY 2026 OUTLOOK
Slide 12: Prolonged Geopolitical Crisis Creates Uncertainty in Operating Landscape
PROLONGED GEOPOLITICAL CRISIS CREATES UNCERTAINTY IN OPERATING LANDSCAPE Hormuz tensions drive oil price and supply volatility Key risks to CNPF Higher cost of key commodities, particularly marine in the near-term Start of Disruptions in operations & logistics from higher US-Israel- fuel costs and e
Slide 13: Proactively Navigating Risks and Implementing Plans to Ensure Continuous Operations
PROACTIVELY NAVIGATING RISKS AND IMPLEMENTING PLANS TO ENSURE CONTINUOUS OPERATIONS Mitigating actions based on contingency scenarios Securing Food Supply Managing Protecting Our Supporting Consumers • Maintaining ample Inflationary Impacts People with More Value inventory covers • Focused spending
Slide 14: Supporting Consumers with More Value: Marine's Entry in Corned Tuna
SUPPORTING CONSUMERS WITH MORE VALUE: MARINE’S ENTRY IN CORNED TUNA Blue Bay’s low-cost, high-impact integrated marketing communication boosts brand relevance in value subsegment Disruptive marketing spurs Blue Bay Corned Tuna’s Bumaliktad Ka Na! Campaign Tiktok launch echoed by affiliates viral, or
Slide 15: 2026 Preliminary Outlook
2026 PRELIMINARY OUTLOOK Aspire to deliver double-digit growth as we balance affordability, US-Iran tensions exacerbating input costs cost pressures, and bottomline in the face of uncertainty • Resilient business model to help sustain double-digit growth momentum Topline • Continuous demand for ever
Slide 16: Setting the Table for Shared Prosperity
Setting the Table for Shared Prosperity CNPF 1Q26 RESULTS PRESENTATION 07 MAY 2026
Slide 17: Annex: Other Financials
ANNEX: & OTHER FINANCIALS
Slide 18: 1Q 2026 Summarized P&L
1Q 2026 SUMMARIZED P&L In PHP Mill 1Q 2025 1Q 2026 ∆ YoY Net Revenues • Revenues grew 15% mainly driven by resilient 19,936 22,984 15% growth in branded business and recovery in Cost of Sales 14,719 17,210 17% OEM Gross Profit 5,217 5,774 11% • Branded up 11%, volume growth-led growth Operating Expe
Slide 19: 1Q 2026 Summarized Balance Sheet
1Q 2026 SUMMARIZED BALANCE SHEET In PHP Mill Dec 2025 Mar 2026 In PHP Mill Dec 2025 Mar 2026 Cash 2,885 2,903 Trade and Other Payables 15,934 17,416 Receivables 13,378 15,047 Inventory 21,252 21,543 Short-Term Borrowings 4,831 7,259 Current Assets 43,032 46,519 Long-Term Borrowings 3,076 3,076 PPE 1
Slide 20: 1Q 2026 Summarized Cash Flow
1Q 2026 SUMMARIZED CASH FLOW In PHP Mill 1Q 2025 1Q 2026 • Increase in working capital as higher Profit before Tax receivables, inventories, and 2,256 2,600 prepayments offset higher trade and other Depreciation & 469 546 payables Amortization Working Capital Change (697) (1,960) • Healthy cash gene
Slide 21: CCC Stable vs YE 2025
*Working capital days CCC STABLE VS YE 2025 Working Capital Receivables Inventory Payables & Cash Conversion Cycle & Receivable Days & Inventory Days & Payable Days* 90 87 59 64 124 121 93 98 18,696 19,174 13,378 15,047 21,252 21,543 15,934 17,416 FY25 1Q26 FY25 1Q26 FY25 1Q26 FY25 1Q26 • Cash conve
Slide 22: Financial Ratios
FINANCIAL RATIOS 0.27 0.20 • Increase in gearing ratio due to Gearing (x) increase in short-term borrowings, comfortable levels maintained FY25 - 1Q26 0.19 0.13 • Slightly higher net gearing ratio driven Net Gearing (x) by short-term borrowings FY25 - 1Q26 2.01 1.84 • Current ratio decreased vs YE f
Slide 23: Ortigas Center, Pasig City, Philippines
Ortigas Center, Pasig City, Philippines investorrelations@centurypacific.com.ph +632 8633 8555 www.centurypacific.com.ph http://edge.pse.com.ph www.linkedin.com/company/century-pacific-food-inc-/ www.facebook.com/CenturyPacificFoodInc This document is highly confidential and being given solely for y