Emperador Inc. · PSE:EMI
Emperador — H1 2022 Earnings Presentation
15 slides from Emperador's earnings presentation, Aug 11, 2022
Slide 1: EMPERADOR INC. 1H2022 Results Briefing
EMPERADOR INC. 1H2022 Results Briefing 11 August 2022
Slide 2: Earnings Snapshot, 1H2022 Financials, Our Strategy
1 Earnings Snapshot 2 1H2022 Financials 3 Our Strategy
Slide 3: 1H22 revenue increased 11% YoY to Php28.1b
1H22 revenue increased 11% YoY to Php28.1b. Net profit attributable to parent stood at Php5.2b, up 3% YoY. 2Q22 Net income grew by almost 50% QoQ to Php3.1b.
Slide 4: 1H2022 Financials
1 Earnings Snapshot 2 1H2022 Financials 3 Our Strategy
Slide 5: Highlights
1H2022 Financials – Highlights Php5.2 +11% billion Php28.1 Revenue Growth Net Profit* billion +3% YoY 64% Brandy Revenue 36% Whisky 18.7% Revenue Net Profit Breakdown Margin * Income attributable to parent
Slide 6: 1H2022 Financials: Growth Buoyed By International Sales
1H2022 Financials Growth Buoyed By International Sales 2Q22 YoY 1H22 1H21 YoY Commentary Revenue** 15,721 +19% 28,054 25,331 +11% Driven by brandy and whisky segments Cost pressures had greater impact on 2Q22 with increase in inflationary pressures, Gross profit 4,660 8,437 9,566 -18% -12% continued
Slide 7: 1H2022 Financials: Growth Buoyed By International Sales
1H2022 Financials Growth Buoyed By International Sales Revenues** Gross Profit EBITDA Net Profit 36.6% 43.7% 22.6% 38.5% 30.9% 20.0% 20.1% 18.7% 26.4% 25.9% 28,054 31.8% 32.0% 25,331 9,566 7,825 5,238 7,267 5,084 8,437 15,721 4,847 13,255 5,667 3,000 3,140 4,157 4,660 2Q21 2Q22 1H21 1H22 2Q21 2Q22 1
Slide 8: 2Q22 vs 1Q22
2Q22 vs 1Q22 Display of QoQ Strength Revenues** Gross Profit EBITDA Net Profit 26.4% 20.0% 15,721 32.1% 25.2% 31.8% 4,157 12,333 17.0% 4,660 3,140 +27% 3,776 3,110 2,098 +23% +34% +50% 1Q22 2Q22 1Q22 2Q22 1Q22 2Q22 1Q22 2Q22 * In million Php; Revenues net of intersegment; Income attributable to pare
Slide 9: 1H2022 Financials – Brandy Segment
1H2022 Financials – Brandy Segment Strong Revenue 2Q22 Growth: +25% yoy and 34% qoq 2Q22 YoY 1H22 1H21 YoY Commentary Revenue** 10,262 +25% 17,897 16,341 +10% Robust topline growth offset by… …higher costs, resulting in lower GP margin; Gross profit 2,668 4,564 6,006 -28% -24% consequently, lower GP
Slide 10: 2Q22 vs 1Q22 – Brandy Segment
2Q22 vs 1Q22 – Brandy Segment Strong Double-Digit Growth in Key Financials Revenues** Gross Profit EBITDA Net Profit 27.0% 24.3% 16.7% 15.3% 10,262 21.4% 25.7% 2,668 1,729 7,635 2,227 +34% 1,914 1,205 1,897 +41% +16% +44% 1Q22 2Q22 1Q22 2Q22 1Q22 2Q22 1Q22 2Q22 * In million Php; Revenues net of inte
Slide 11: 1H2022 Financials – Whisky Segment
1H2022 Financials – Whisky Segment Persistently Growing Across The Globe 2Q22 YoY 1H22 1H21 YoY Commentary £82 £152 £134 Topline growth continued to be driven by sales Revenue** +8% +13% 5,459 10,157 8,990 in Asia, Europe, and North America Gross profit 1,993 3,872 3,559 Stable and strong margin owi
Slide 12: 2Q22 vs 1Q22 – Whisky Segment
2Q22 vs 1Q22 – Whisky Segment Strong Double-Digit Growth in Key Financials Revenues** Gross Profit EBITDA Net Profit 35.2% 25.8% 40.3% 40.8% 25.3% 18.9% 5,459 1,993 1,411 1,930 1,880 4,698 +16% 893 +6% 1,196 +58% +61% 1Q22 2Q22 1Q22 2Q22 1Q22 2Q22 1Q22 2Q22 * In million Php; Revenues net of interseg
Slide 13: 1H2022 Financials – Cash Position
1H2022 Financials – Cash Position Strong Cash Position, Much Improved Gearing Net Debt to Cash Debt Net Debt Commentary Equity 1H22 13,019 24,162 11,143 13% Further improvement in net gearing resulting from higher cash and lower net debt 2021 9,334 24,841 15,508 20% CAPEX and Change in Working Divid
Slide 14: Our Strategy
1 Earnings Snapshot 2 1H2022 Financials 3 Our Strategy
Slide 15: Our CPI Strategy
Our CPI Strategy CONTEMPORIZE PREMIUMIZE INTERNATIONALIZE our offering our portfolio our business ❑ Excite customers with innovative new ❑ Leverage iconic portfolio of globally ❑ Expand globally into key focus markets product launches recognized marquee brands targeting >50% of sales and profits out