Puregold Price Club Inc. · PSE:PGOLD
Puregold Price Club — FY2019 Earnings Presentation
15 slides from Puregold Price Club's earnings presentation, May 2020
Slide 1: Company Presentation: FY 2019 Results and Performance
Company Presentation FY 2019 Results and Performance May 2020
Slide 2: Disclaimer
Disclaimer These presentations and/or other documents have been written and presented by Puregold Price Club, Inc. (PGOLD). PGOLD is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. Third parties, other than PGOLD, do not have any res
Slide 3: Store roll-out through FY 2019
Store roll-out through FY 2019 436 408 360 298 215 102 64 16 30 1 3 1998 2001 2006 2008 2010 2011 2013 2015 2017 2018 2019 First store Expansion Brand recognition Market leadership Rapid expansion via organic Continuing new stores roll- Opened in Launched loyalty Reader’s Digest The 2nd larg
Slide 4: Update on Puregold – FY 2019
Update on Puregold – FY 2019 5
Slide 5: FY 2019 Results and Performance
FY 2019 Results and Performance • Opened 28 new PGOLD stores; 2 S&R Warehouse and 1 S&R QSR in FY 2019; closed 2 PGOLD store and 1 S&R QSR • Operating 437 stores in FY 2019; with consolidated NSA of around 566,000 sqm • Consolidated net sales expanded by 9.5% in FY 2019; Puregold stores sales accoun
Slide 6: Operating Performance – FY 2019
Operating Performance – FY 2019 Format Hypermarket, supermarket, extra Membership shopping S&R Puregold 23% Revenue contribution 77% Gross profit (PHP million) & Margin (%) 17,660 (14.9%) 8,291 (22.8%) Total traffic (million) 180 8.9 Average net ticket (PHP) 656 4,212 Net sales growth (%) 8.0% 15.4%
Slide 7: Operating Performance – FY 2019
Operating Performance – FY 2019 Breakdown of Stores (per format) Net Selling Area of Stores (in sqm) Group 2017 2018 2019 800,000 518,862 537,965 565,995 Hypermarket 171 208 230 600,000 3,509 4,126 4,078 72,904 83,048 92,883 Supermarket 103 104 103 400,000 Extra 35 42 47 468,994 200,000 442,449 450,
Slide 8: Store Portfolio – FY 2019
Store Portfolio – FY 2019 Key statistics FY 2019 Geographic coverage Total no. of 436 BULACAN Caloocan stores North Luzon 230 hypermarkets; Valenzuela (107 stores) 103 supermarkets; Quezon City No. of stores 47 extras Navotas Malabon per format Caloocan 18 S&Rs Marikina Metro Manila 38 S&R Q
Slide 9: Financial Performance – FY 2019
Financial Performance – FY 2019 Net sales (in Php billions) Gross profit & Margin (in PHP billions) 27 30.0% 154.49 25.95 26 28.0% 141.14 124.7 25 26.0% 23.93 24.0% 24 23 21.69 22.0% 20.0% 22 17.4% 17.0% 16.8% 18.0% 21 16.0% 20 14.0% 19 12.0% 2017 2018 2019 2017 2018 2019 Gross Profit GP Margin • Co
Slide 10: Financial Performance – FY 2019
Financial Performance – FY 2019 Other Operating Income (in PHP millions) Operating Expenses (in PHP millions) 20,000 40.0 35.0 ,000 17,830 ,500 2,941 3,263 14.0% 18,000 12.0% 16,639 30.0 ,000 2,692 16,000 10.0% 25.0 ,500 8.0% 14,611 20.0 ,000 14,000 6.0% 15.0 ,500 ,000 2.2% 2.1% 2.1% 4.0% 12,000 11.
Slide 11: Financial Performance – FY 2019
Financial Performance – FY 2019 Operating Income/EBIT and Margins (in PHP millions) Net Income & Margins (in PHP millions) 000 35.0% 10,000 25.0% 000 9,000 11,384 30.0% 8,000 20.0% 000 9,769 10,231 25.0% 6,773 000 7,000 6,200 6,000 20.0% 5,494 15.0% 000 5,000 15.0% 4,000 10.0% 000 7.8% 7.4% 3,000 7.
Slide 12: Financial Performance – Puregold Only
Financial Performance – Puregold Only Revenues (in PHP Billions) Gross Profit & Margins (in PHP millions) 25,000 25.0% 140 20,000 16,997 17,659 23.0% 109.53 118.24 15,758 120 98.7 15,000 21.0% 100 19.0% 80 10,000 60 16.0% 15.5% 17.0% 40 5,000 14.9% 15.0% 20 0 - 13.0% 2017 2018 2019 2017 2018 2019 GP
Slide 13: Financial Performance – S&R Only
Financial Performance – S&R Only Revenues (in PHP Billions) Gross Profit & Margins (in PHP millions) 12,000 70.0% 10,000 60.0% 36.32 8,291 31.61 8,000 6,932 50.0% 25.87 5,795 6,000 40.0% 4,000 22.4% 22.8% 30.0% 21.9% 2,000 20.0% - 10.0% 2017 2018 2019 2017 2018 2019 GP GP Margin EBITDA and Margin (i
Slide 14: Financial Performance – FY 2019
Financial Performance – FY 2019 Working capital days due to S&R importations and Puregold rapid store expansions and acquisitions 2017 2018 2019 Trade Receivables Days 7.0 7.6 6.6 Inventory Days 59.8 58.0 55.4 New Puregold Store roll out and new S&R Stores to be opened in 2019 Trade Payables Days 21
Slide 15: CAPEX Guidance for FY 2020
CAPEX Guidance for FY 2020 • CAPEX Budget of Php 3.4 billion in 2020 – Php 1 billion for 25 new Puregold Stores – Php 1.6 billion for 2 S&R stores – Php 200 million for 10 S&R QSR – Php 600 million Maintenance Capex • To be funded by internally generated cash and short term untapped bank credit line