Cp All Public Company Limited · SET:CPALL
Cp All Public — Q2 2025 Earnings Presentation
25 slides from Cp All Public's earnings presentation, Aug 13, 2025
Slide 1: 2Q25 CPALL Business and Performance Briefing
2Q25 CPALL Business and Performance Briefing ร้านยา เอ็กซ์ต้า พลัส Aug 13, 2025 1
Slide 2: Financial Highlights 2Q25
Financial Highlights 2Q25 Another remarkable milestone achieved Consolidated Performance Total Revenue Net Profit GP Margin EBIT Margin 256,574 6,768 22.8 5.1 Millions Baht Millions Baht Percent Percent +3.4% +8.5% +4.9% +6.1% amount growth amount growth Company Only Performance Total Revenue Net Pr
Slide 3: Financial Highlights 1H25
Financial Highlights 1H25 Another remarkable milestone achieved Consolidated Performance Total Revenue Net Profit GP Margin EBIT Margin 509,430 14,354 22.8 5.4 Millions Baht Millions Baht Percent Percent +4.1% +14.3% +6.2% +8.9% amount growth amount growth Company Only Performance Total Revenue Net
Slide 4: Business Segment Performance
Business Segment Performance CVS & Others and Grocery Wholesaling and Retailing 1H25 Revenue contribution before elimination CPAXT Sales Services Wholesale 138,687 1,711 Millions Baht Millions Baht +2.8% -29.6% Sales Services Retail and 109,954 7,395 mall Millions Baht Millions Baht 1H25 EBT contrib
Slide 5: Store Types Breakdown
Store Types Breakdown Ongoing store expansion BKK & Suburban / Provincial Corporate / Store Business Partner & Sub-area (Unit: Stores) (Unit: Stores) 49% 58% 42% 51% Stand-alone / In PTT gas station Store Expansion (Unit: Stores) 2021 2022 2023 2024 14% +702 +704 +707 +700 86% 1Q25 2Q25 +185 +165 5
Slide 6: International Expansion in 1H25
International Expansion in 1H25 Steady ongoing store expansion 18 Stores (+8) 15,595 Stores (+350) 123 Stores (+11) 7
Slide 7: Same Store Sales Growth
Same Store Sales Growth Resilient sales amid challenging circumstances SSSG (%) Average daily sales / store (Baht) 2021 2022 2023 2024 -6.7% +15.9% +5.5% +3.8% 1Q25 2Q25 +3.0% -0.8% Spending per ticket (Baht) No. of customer/store/day (customers) 8
Slide 8: CVS: Offline to Online (O2O)
CVS: Offline to Online (O2O) A strong journey marked by consistently positive response O2O contribution (2021-1H25) 11% 11% 11% 10% 8% 2021 2022 2023 2024 1H 25
Slide 9: Product Sales Mix and Gross Margin
Product Sales Mix and Gross Margin Managing product mix to enhance margin Product Sales Mix Personal Care Household & Others Cigarette Food Services i.e. RTE Processed Food Beverage Product Margin Non-foods Total Products Foods 10
Slide 10: SG&A Expenses
SG&A Expenses Leverage fixed cost to enhance cost control efficiency Consolidated SG&A Expense (Unit: Million Baht) +4.7% YoY Others Utilities Advertising Store MGT Fee Rental and D&A Personnel 2Q25 : 51,115 MB Company Only SG&A Expense (Unit: Million Baht) +6.5% YoY Others Utilities Advertising Sto
Slide 11: Profitability Ratios – Consolidated
Profitability Ratios – Consolidated Demonstrate a journey marked by resilient growth Gross Profit (Sales & Services) EBIT (Unit: Million Baht) +4.9% YoY (Unit: Million Baht) +6.1% YoY EBITDA Net Profit (Unit: Million Baht) +4.4% YoY (Unit: Million Baht) +8.5% YoY 12
Slide 12: Profitability Ratios – Company Only
Profitability Ratios – Company Only Demonstrate a journey marked by resilient growth Gross Profit (Sales & Services) EBIT (Unit: Million Baht) +6.0% YoY (Unit: Million Baht) +25.9% YoY EBITDA Net Profit (Unit: Million Baht) +19.5% YoY (Unit: Million Baht) +35.8% YoY 13
Slide 13: Leverage Ratios
Leverage Ratios Preserved solid financial ground Cash& Cash equivalent Interest • As of 30 June 2025, CPALL reported bearing debt consolidated interest-bearing debt at amount of Baht 316,151 million. Other Other liabilities • Net debt to adjusted equity was at 0.83x assets vs bond covenant at 2.0x.
Slide 14: Working Capital
Working Capital Negative cash cycle days Consolidated Cash Cycle Days CVS Cash Cycle Days (Unit: Days) (Unit: Days) 15
Slide 15: 7-Eleven expansion and CAPEX plan
7-Eleven expansion and CAPEX plan Continuity of store expansion along with efficient budget 2025 CVS Projected CAPEX 7-Eleven Stores Expansion Stores MB ▪ Stores expansion 3,800 – 4,600 • Thailand 700 ▪ Stores renovation 2,900 – 3,500 • Cambodia >10 ▪ Investment in new projects, subsidiaries & DC 4,
Slide 16: Q&A Thank you
Q&A Thank you 17
Slide 17: Consolidated Financial Statement – Balance Sheet
Consolidated Financial Statement Balance Sheet 2021 2022 2023 2024 1Q24 2Q24 1Q25 2Q25 Unit : Million Baht Cash & Cash equivalent 97,134 71,424 67,234 54,613 56,413 54,087 48,994 37,680 Inventory 50,535 58,183 57,501 61,269 59,269 56,402 62,373 62,318 Fixed assets 257,022 257,540 258,326 273,272 261
Slide 18: Consolidated Financial Statement – Income Statement
Consolidated Financial Statement Income Statement 2021 2022 2023 2024 1Q24 2Q24 1Q25 2Q25 Unit : Million Baht Revenue from Sales & Services 565,060 829,099 895,281 958,998 234,315 240,948 245,798 248,865 Other Income 22,469 23,506 25,906 28,796 6,991 7,079 7,083 7,709 Total revenue 587,530 852,605 9
Slide 19: Consolidated Financial Statement – Financial Ratios
Consolidated Financial Statement Financial Ratios 2021 2022 2023 2024 1Q24 2Q24 1Q25 2Q25 Gross margin (sales & service) (%) 21.3% 21.5% 21.9% 22.6% 22.3% 22.4% 22.8% 22.8% Operating margin (%) 4.3% 4.3% 4.7% 5.2% 5.3% 5.0% 5.7% 5.1% EBITDA margin (%) 8.5% 8.6% 8.6% 8.9% 9.1% 8.7% 9.3% 8.8% Net marg
Slide 20: Company Only Financial Statement – Balance Sheet
Company Only Financial Statement Balance Sheet 2021 2022 2023 2024 1Q24 2Q24 1Q25 2Q25 Unit : Million Baht Cash & Cash equivalent 19,457 20,995 25,956 24,149 25,211 22,916 27,693 18,545 Inventory 16,316 18,007 19,339 22,123 19,634 19,278 21,725 22,150 Fixed assets 40,782 43,454 46,569 48,075 46,608
Slide 21: Company Only Financial Statement – Income Statement
Company Only Financial Statement Income Statement 2021 2022 2023 2024 1Q24 2Q24 1Q25 2Q25 Unit : Million Baht Revenue from Sales & Services 290,228 354,973 399,558 439,787 105,861 112,044 113,970 117,706 Other Income 30,207 27,517 29,938 33,222 8,781 9,562 7,960 12,383 Total revenue 320,435 382,490
Slide 22: Company Only Financial Statement – Financial Ratios
Company Only Financial Statement Financial Ratios 2021 2022 2023 2024 1Q24 2Q24 1Q25 2Q25 Gross margin (sales & service) (%) 27.4% 27.4% 28.2% 29.0% 28.7% 29.0% 29.4% 29.3% Operating margin (%) 6.0% 5.6% 6.2% 7.1% 8.1% 8.0% 8.0% 9.4% EBITDA margin (%) 11.0% 9.9% 10.1% 10.8% 11.8% 11.5% 11.6% 12.9% N
Slide 23: ESG: Progress Towards 2030 Sustainability Goals
ESG: Progress Towards 2030 Sustainability Goals for Phase 2 in 2021-2030 Significant material topics in 2024 Governance and Economic Environmental Dimension Social Dimension Dimension 7 Go Green 7 Go Together 7 Go Right 2024 2024 2024 Topic Goal Performance Topic Goal Performance Topic Goal Performa
Slide 24: Major Shareholders and Dividend Payment
Major Shareholders (as of Mar 12, 2025) Price (Aug 15, 2025) : Bt 46.00 - CPG 35.9% Hi/Low (12-month) : Bt 68.00/ 41.50 per share - Thai NVDR 13.2% Avg. daily turnover : 1,925 MB - Social Security Office 3.1% - South East Asia UK 3.0% No. of shares : 8,977,423,155 (Par Bt1.00) - State Street Europe
Slide 25: Disclaimer
Disclaimer Items published on this presentation as IR information are intended to provide financial information or business information or etc. of CPALL. Some content may contain forward-looking statements, that based on management’s view upon the information currently available to us. These informa
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