Century Pacific Food, Inc. · PSE:CNPF
Century Pacific Food — H1 2025 Earnings Presentation
27 slides from Century Pacific Food's earnings presentation, Aug 13, 2025
Slide 1: Setting the Table for Shared Prosperity
Setting the Table for Shared Prosperity CNPF 1H25 RESULTS PRESENTATION 13 AUGUST 2025
Slide 2: Latest Financial Performance
LATEST FINANCIAL PERFORMANCE
Slide 3: 1H 2025 Financial Results Highlights
1H 2025 FINANCIAL RESULTS HIGHLIGHTS BRANDED REVENUES 32.3B OEM REVENUES 7.4B TOTAL REVENUES 39.7B +9% YoY -10% YoY +5% YoY 2Q: 16.2B, +6% YoY 2Q: 3.6B, -17% YoY 2Q: 19.8B, +1% YoY GROSS 25.7% OPEX TO 13.9% NET INCOME 3.9B +7% YoY MARGIN -40bps YoY SALES -60bps YoY 9.8% margin +20bps YoY 2Q: 25.2B,
Slide 4: Topline supported by multi-cycle business model, branded offsetting OEM exports
TOPLINE SUPPORTED BY MULTI-CYCLE BUSINESS MODEL, WITH BRANDED OFFSETTING OEM EXPORTS IN 1H25 Revenue Breakdown Revenue Growth Split YoY Revenue Growth In PHP B 5% YoY Branded OEM 1H25 vs 1H24 50% 44% 40% 2.8 (0.8) 39.7 OEM 36% 17% 22% 19% 37.7 30% +9% YoY -10% YoY Total 10% 13% 15% 13% 20% vs 1H24 v
Slide 5: Branded segment resilient underpinned by healthy, double-digit volume growth
BRANDED SEGMENT RESILIENT UNDERPINNED BY HEALTHY, DOUBLE-DIGIT VOLUME GROWTH Branded YoY Revenue Trend Branded Quarterly Revenue Trend YoY Branded Revenue Growth In PHP B In PHP B 1% QoQ Low to mid-teens 9% YoY volume growth 2Q25 vs 1Q25 18% 1H25 vs 1H24 16% 7% YoY 13% 1H24 vs 1H23 16.1 16.2 14% Tra
Slide 6: Resilient domestic business performance influenced by easing inflation
RESILIENT DOMESTIC BUSINESS PERFORMANCE INFLUENCED BY EASING INFLATION Inflation has come down as rice prices trend lower, Implication to CNPF portfolio but consumer sentiment has yet to improve 15 60. 0 Rice deflation eases pressure 22.5 from consumer wallets, supporting demand 50. 0 10 5.7 for via
Slide 7: Market shares reflect consumers seeking affordable protein options
MARKET SHARES REFLECT CONSUMERS SEEKING AFFORDABLE PROTEIN OPTIONS Maintained market positions* Canned Tuna Corned Meat Powdered Milk #1 #1 #2 83% 82% 52% 53% 28% 29% -180 bps +50 bps +120 bps Dec '24 - Jun '25 Dec '24 - Jun '25 Dec '24 - Jun '25 On a quarterly basis, market shares have stabilized,
Slide 8: OEM topline softens from high base due to normalizing tuna prices
OEM TOPLINE SOFTENS FROM HIGH BASE DUE TO NORMALIZING TUNA PRICES OEM YoY Revenue Trend Skipjack Tuna Price Trend OEM Quarterly Revenue Trend In PHP B In PHP B 17% YoY 10% YoY 1H25 vs 1H24 2Q25 vs 2Q24 42% YoY 1H24 vs 1H23 7% QoQ 2Q25 vs 1Q25 8.2 7.4 2024 4.5 4.3 2025 3.9 3.8 5.8 2024 Average 3.5 3.
Slide 9: Sustained profit growth as disciplined spending offsets increase in input costs
SUSTAINED PROFIT GROWTH AS DISCIPLINED SPENDING OFFSETS INCREASE IN INPUT COSTS Positive Profit Growth Momentum Margins Reflecting CNPF’s Disciplined Approach to Spending In PHP M Gross Margin 26.1% Gross margins soften YoY due to higher -40bps 25.7% input costs versus the prior year 7% YoY 1H25 vs
Slide 10: Healthy cash position and operating cash flow funded capacity expansion and higher dividends
HEALTHY CASH POSITION AND OPERATING CASH FLOW FUNDED CAPACITY EXPANSION AND HIGHER DIVIDENDS 1H 2025 Cash Flows In PHP M 5,845 (846) Dividends of 5,070 Php0.55 per (3,157) share 448m net Increase in availment of 3,228 debt, interest receivables and (1,526) inventory offset Capacity increase in expan
Slide 11: Business Highlights & FY 2025 Outlook
BUSINESS HIGHLIGHTS & FY 2025 OUTLOOK
Slide 12: Steadfast in our strategic growth pillars
STEADFAST IN OUR STRATEGIC GROWTH PILLARS STRENGTHEN REINFORCE FUTURE-PROOF OUR BRANDS THE PORTFOLIO THE BUSINESS PROSPER SUSTAINABLY
Slide 13: Strengthening our brands and integrating sustainability in brand building
STRENGTHENING OUR BRANDS AND INTEGRATING SUSTAINABILITY IN BRAND BUILDING Century Tuna Park Seo Joon fanmeet Focus on value and sustainable sourcing for sardines Large-scale On-Ground Activation Price Rollbacks for Sardines Sustenido Bulan • Partnering with first international endorser for Century T
Slide 14: Reinforcing our portfolio to spur growth
REINFORCING OUR PORTFOLIO TO SPUR GROWTH Expanding coconut business and maintaining long-term partnerships Renewed contract with Vita Coco Inauguration of new coconut facility 100% Biomass Boilers for coconut plants 14
Slide 15: Future proofing our business for the long-term
FUTURE PROOFING OUR BUSINESS FOR THE LONG-TERM Acquisition of Loma Linda and other brands from Atlantic Natural Foods to expand plant-based business WHAT IS LOMA LINDA? A plant-based brand founded in 1890 that caters to health-conscious customers located in one of the five “Blue Zones” in the world
Slide 16: Additional dividends at Php0.55/share to give shareholders a healthy return
ADDITIONAL DIVIDENDS AT PHP0.55/SHARE TO GIVE SHAREHOLDERS A HEALTHY RETURN 1.10 0.96 0.55 61% Special Payout vs FY24 Net Income 0.55 0.36 0.40 0.36 0.55 Regular 2021 2022 2023 2024 2025 16
Slide 17: 2025 Outlook
2025 OUTLOOK 2025 Outlook 2025 Growth Drivers High single to low Topline double-digit growth • Topline to be supported by continued resilience in branded amidst softness in OEM exports • Bottomline outlook influenced by margin pressures from higher input costs mitigated by moderated opex spending 20
Slide 18: Key Takeaways
KEY TAKEAWAYS REMAIN FOCUSED ON DELIVERING LONG-TERM, SUSTAINABLE GROWTH ANCHORED ON OUR MISSION TO PROVIDE AFFORDABLE NUTRITION Continued Resilient Branded Sustained profit investments for portfolio, supported by growth with gross long-term growth double-digit volume margin pressures while ensuring
Slide 19: Setting the Table for Shared Prosperity
Setting the Table for Shared Prosperity CNPF 1H25 RESULTS PRESENTATION 13 AUGUST 2025
Slide 20: Annex
ANNEX
Slide 21: Other Financials
OTHER FINANCIALS
Slide 22: 1H 2025 Summarized P&L
1H 2025 SUMMARIZED P&L In PHP Mill 1H 2024 1H 2025 Change YoY Net Revenues 37,741 39,715 5% • Revenues grew 5% mainly driven by resilient Cost of Sales 27,905 29,516 6% growth in branded business Gross Profit 9,836 10,199 4% • Branded up 9%, driven by double-digit Operating Expenses 5,442 5,506 1% v
Slide 23: 1H 2025 Summarized Balance Sheet
1H 2025 SUMMARIZED BALANCE SHEET In PHP Mill Dec 2024 Jun 2025 In PHP Mill Dec 2024 Jun 2025 Cash 3,228 1,703 Trade and Other Payables 13,787 16,152 Receivables 10,718 12,255 Inventory 18,594 20,526 Notes Payable - Current 224 688 Current Assets 35,985 40,353 Long-Term Loan 3,100 3,084 PPE 10,023 10
Slide 24: 1H 2025 Summarized Cash Flow
1H 2025 SUMMARIZED CASH FLOW In PHP Mill 1H 2024 1H 2025 • Increase in working capital as higher Profit before Tax 4,328 4,745 receivables and inventories offset higher Depreciation & trade and other payables 893 949 Amortization Working Capital Change (2,106) (3,165) • Strong cash generation suppor
Slide 25: CCC stable vs YE 2024
*Working capital days CCC STABLE VS YE 2024 Working Capital Receivables Inventory Payables & Cash Conversion Cycle & Receivable Days & Inventory Days & Payable Days* 84 86 52 58 122 131 90 103 15,525 16,628 10,718 12,255 18,594 20,526 13,787 16,152 FY24 1H25 FY24 1H25 FY24 1H25 FY24 1H25 • Cash conv
Slide 26: Financial Ratios
FINANCIAL RATIOS 0.09 0.10 • Increase in gearing ratio due to Gearing (x) increase in short-term debt, comfortable levels maintained FY24 - 1H25 0.05 • Slightly higher net gearing ratio driven Net Gearing (x) by short-term debt, as well as lower 0.00 cash level FY24 - 1H25 2.47 2.28 • Current ratio
Slide 27: 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