Emperador Inc. · PSE:EMI

Emperador — FY2015 Earnings Presentation

17 slides from Emperador's earnings presentation, Apr 5, 2016

1. Slide 1: Emperador Inc. Full Year 2015 Results Briefing

   Investors Presentation January 2016 EMPERADOR INC. Full Year 2015 Results Briefing April 5, 2016

2. Slide 2: Our Financials, Industry Performance, 2015 Milestones

   1 Our Financials 2 Industry Performance 3 2015 Milestones

3. Slide 3: 2015 Financial Highlights

   Our Financials 2015 Financial Highlights PHP43.6b Net Income Consolidated Margin Revenues 16% Revenue Breakdown Consolidated PHP7b Revenue 38% Consolidated Growth 62% Net Income 36% WMG EMP * Note: Revenue Breakdown chart, WMG – Whyte & Mackay Group; EMP – excludes WMG 3

4. Slide 4: Full Year 2015 Performance Update

   Our Financials Full Year 2015 Performance Update 2015 4Q15 FY Commentary Q1 Q2 Q3 Q4 FY QoQ YoY YoY First full year WMG Revenue (PHPm) 8,895 9,427 10,796 14,528 43,645 35% 21% 36% consolidation Gross profit Blended gross 2,752 3,483 3,167 4,277 13,679 35% 8% 25% (PHPm) profit margin of 32%: WMG at 1

5. Slide 5: Latest Financial Performance

   Our Financials Latest Financial Performance Revenues (PHPm) Gross profit & margin 43,645 35% 36% 33% 24% 32% 32,009 30% 13,679 21% 11,049 8% 11,975 14,528 3,973 4,277 4Q14 4Q15 2014 2015 4Q14 4Q15 2014 2015 EBITDA & margin Net income & margin 27% 16% 16% 19% 10% 14% 22% 22% 9,609 12% 19% 8,738 8% 6,

6. Slide 6: Financial History

   Our Financials Financial History Revenues* (PHPm) Gross profit* & margin 43,645 35% 36% 35% 39% 32% 32% CAGR 29,865 32,009 26% 13,679 23,594 37% 11,049 CAGR 8,210 9,225 17,355 8,456 4,445 2,817 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 EBITDA & margin Net income & margin 28% 30% 28

7. Slide 7: Segment Breakdown

   Our Financials Segment Breakdown (PHPm) Revenues Gross Profit Net Income 4Q15 FY15 4Q15 FY15 4Q15 FY15 EMP (Ex WMG) 8,765 27,120 3,148 10,423 1,647 5,856 WMG 5,763 16,525 1,128 3,255 609 1,104 EMP (Consolidated) 14,528 43,645 4,277 13,679 2,257 6,960 7

8. Slide 8: Robust Capital Position

   Our Financials Robust Capital Position Robust Capital Position Net cash position PHPm Cash Debt Net cash Commentary 2015 29,177 29,159 18 Additional debt to purchase Fundador Debt incurred in 2014 to partly finance the acquisition of Whyte and Mackay. 2014 35,235 29,081 6,154 GIC’s PHP17.6b investme

9. Slide 9: Industry Performance

   1 Our Financials 2 Industry Performance 3 2015 Milestones

10. Slide 10: Industry Performance: Value Market Share

    Industry Performance Value Market Share 21% 21% Tanduay 49% Ginebra San Miguel 51% Emperador 28% 30% FY 2014 FY 2015 * Source: PSE disclosures and EMP estimates 10

11. Slide 11: 2015 Milestones

    1 Our Financials 2 Industry Performance 3 2015 Milestones

12. Slide 12: Opening of Our Liquor Boutiques: Newport Mall

    2015 Milestones Opening of Our Liquor Boutiques Newport Mall, Resorts World Manila 12

13. Slide 13: Opening of Our Liquor Boutiques: NAIA Terminal 3

    2015 Milestones Opening of Our Liquor Boutiques Ninoy Aquino International Airport, Terminal 3 13

14. Slide 14: Opening of Our Liquor Boutiques: Eastwood City

    2015 Milestones Opening of Our Liquor Boutiques Eastwood City 14

15. Slide 15: 2015 Milestones: Product Launches

    2015 Milestones Product Launches 15

16. Slide 16: 2015 Milestones: Fundador Acquisition

    2015 Milestones Fundador Acquisition 16

17. Slide 17: End of Presentation

    ZEA END OF PRESENTATION

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