Metro Retail Stores Group, Inc. · PSE:MRSGI
Metro Retail Stores — Shareholder Meeting (May 2023)
20 slides from Metro Retail Stores's shareholder meeting presentation, May 5, 2023
Slide 1: 2023 Annual Stockholders' Meeting
2023 Annual Stockholders’ Meeting 05 May 2023
Slide 2: Management Report
Management Report 05 May 2023
Slide 3: 2022 Financial and Operational Highlights
2022 Financial and Operational Highlights ₱ PhP38.10 billion PhP2.68 billion PhP917.27 million Net sales EBITDA Net income PhP22.74 billion PhP9.06 billion 62 stores ₱ Total assets Total equity 34 SM, 15 DS, 13 HM Note: SM refers to supermarkets, DS for department stores, and HM for hypermarkets.
Slide 4: Results of operations: Net sales
Results of operations Net sales Share to Business (in PhP billion) (in % of 2022 net sales) 22.1% 38.10 31.29 31.21 Hypermarket 22% Supermarket 55% Department 2020 2021 2022 store 23% Net sales in 2022 jumped by 22.1 % from the previous year Blended same-store sales grew by 19.2% in 2022, a turn
Slide 5: Results of operations: Gross margin and operating expenses
Results of operations Gross Margin Operating Expenses (in PhP billion) (in PhP billion) 8.05 15.6% 6.89 37.1% 6.78 6.33 21.1% 5.96 18.1% 5.87 21.7% 20.2% 19.1% 18.8% 2020 2021 2022 2020 2021 2022 Gross margin rose by 37.1% in 2022 or 230 bps from 18.8% in 2021 to 21.1% in 2022 Operating expense-
Slide 6: Results of operations: EBITDA and net income
Results of operations EBITDA Net Income (in PhP million) (in PhP million) 917 2,680 2.4% 119.6% 7.1% 388.4% 1,273 1,220 4.1% 3.8% -1.0% -1.4% (318) (450) 2020 2021 2022 2020 2021 2022 In 2022, EBITDA posted a 119.6% increase compared to the previous year The Company posted NIAT of PhP917.3 milli
Slide 7: MRSGI existing store network (as of end-2022)
MRSGI existing store network (as of end-2022) Geographical composition of store network (as of end-2022) NCR 10 62 Visayas stores Luzon 40 12 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 4 Luzon 4 Luzon 4 Visayas 23 Visayas 8 Visayas 9 Total 34 Total 15 Total 13 Note: MRSGI has 6
Slide 8: MRSGI network expansion: New stores in 2022
MRSGI network expansion New stores in 2022 Metro Paseo Metro Hilongos Supermarket in Cebu Supermarket in Leyte Opened in April 2022 Opened in April 2022
Slide 9: MRSGI network expansion: Pipeline stores
MRSGI network expansion Pipeline stores Metro Catbalogan Metro Alang-alang Supermarket and Department Store in Samar Supermarket in Leyte On-going On-going
Slide 10: Awards and recognitions
Awards and recognitions Metro Supermarket Ayala Center Cebu Metro Supermarket Alabang Town Center Best Grocery Selection Recertification for Good Manufacturing Practices (GMP) and Awarded by SunStar’s Best of Cebu Hazard Analysis and Critical Control Points (HACCP) In addition to Metro Supermarket A
Slide 11: Other matters
Other matters Declaration of cash dividends Buyback program update During the Regular Meeting of the Board of Directors of On 22 January 2021, the BOD of the Company MRSGI held on 31 March 2023, the Board of Directors approved the implementation of a share buyback of MRSGI unanimously approved the d
Slide 12: Approval of Annual Report and Audited Financial Statements
Approval of Annual Report and Annual Audited Financial Stockholders’ Statements Meeting 05 May 2023
Slide 13: Statement of Comprehensive Income
Statement of Comprehensive Income Years Ended December 31 2022 2021 2020 REVENUE Net sales ₱38,101,661,412 ₱31,211,348,935 ₱31,286,312,987 Rentals 243,657,457 172,466,727 146,843,483 38,345,318,869 31,383,815,662 31,433,156,470 COSTS AND EXPENSES Cost of sales 30,053,235,521 25,336,357,749 24,960,17
Slide 14: Statement of Financial Position
Statement of Financial Position December 31 2022 2021 ASSETS Current Assets Cash and cash equivalents ₱5,162,583,002 ₱1,671,751,798 Short-term investments - 1,091,644,133 Receivables 954,824,757 699,943,462 Merchandise inventories 5,495,333,780 4,163,043,783 Other current assets 630,372,608 702,255,
Slide 15: Statement of Financial Position
Statement of Financial Position December 31 2022 2021 LIABILITIES AND EQUITY Current Liabilities Trade and other payables ₱4,820,527,987 ₱3,536,960,607 Contract liabilities 104,828,812 99,893,390 Loans payable 130,208,334 1,000,000,000 Income tax payable 23,734,498 - Lease liabilities – current port
Slide 16: Statement of Cash Flows
Statement of Cash Flows Years Ended December 31 2022 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax ₱1,232,714,359 ₱(345,012,123) ₱(545,518,629) Adjustments for: Depreciation and amortization – PPE 595,215,592 606,735,487 497,444,254 Finance costs 523,494,595 469,455,919 512
Slide 17: Statement of Cash Flows
Statement of Cash Flows Years Ended December 31 2022 2021 2020 CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment (544,727,723) (790,785,583) (737,201,461) Proceeds from sale of property and equipment 49,400,000 - - Decrease (increase) in short-term investments 1,091,644,133
Slide 18: Financial ratios
Financial ratios 2019 2020 2021 2022 Current Ratio 1.47 1.45 1.71 2.34 Debt to Equity Ratio - 0.18 0.18 0.33 Net Debt to Equity Ratio (0.31) (0.09) (0.02) (0.24) Asset to Equity Ratio 2.53 2.50 2.38 2.51 Return on Total Asset 4.17% -2.01% -1.56% 4.35% Return on Equity 8.65% -5.06% -3.81% 10.64%
Slide 19: Thank you!
Thank you! Visit us at: www.metroretail.com.ph shopmetro.ph Like/Follow us on: facebook.com/TheMetroStores @TheMetroStores @themetrostores.ph Connect with us on: linkedin.com/company/metro-retail-stores-group/
Slide 20: Disclaimer
Disclaimer The materials and figures in this presentation and other documents are for informational purposes only and are not, in any way, a form of solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. Information
Metro Retail Stores Group — Shareholder Meeting (May 2023) on 6ix