Emperador Inc. · PSE:EMI
Emperador — FY2017 Earnings Presentation
18 slides from Emperador's earnings presentation, 2018
Slide 1: Emperador Inc. 2017 Financial Results
Investors Presentation January 2016 EMPERADOR INC. 2017 Financial Results
Slide 2: Our Financials, Recent Developments, Key Takeaways
1 Our Financials 2 Ke Recent Developments 3 Key Takeaways
Slide 3: 2017 Financial Highlights
Our Financials 2017% Financial Highlights PHP42.6b Net Income Consolidated Margin Revenues 15% Revenue Breakdown Scotch PHP6.3b Net Income Whisky, 29% Consolidated Growth Brandy , 71% Net Income -18% *2017 numbers are unaudited. 3
Slide 4: 2017 Performance Update
Our Financials 2017% Performance Update 4Q17 YoY 2016 2017% YoY Commentary Higher revenues in 4Q17, both in yoy and qoq Revenues (PHPm) 15,074 14.7% 41,018 42,635 3.9% terms Gross profit (PHPm) 5,844 -1.4% 15,023 14,605 -2.8% 30% margin for whisky, 35% margin for brandy in 2017 Gross profit margin (
Slide 5: Latest Financial Performance
Our Financials Latest Financial Performance Revenues (PHPm) Gross profit & margin 42,635 44.8% 38.4% 37.1% 41,018 34.6% 3.9% 14.7% 15,023 14,605 -1.4% -2.7% 13,137 15,074 5,925 5,844 4Q2016 4Q2017 FY2016 FY2017 4Q2016 4Q2017 FY2016 FY2017 EBITDA & margin Net income & margin 29.3% 26.9% 21.1% 18.8% 2
Slide 6: Financial History
Our Financials Financial History Revenues* (PHPm) Gross profit* & margin 35% 34% 37% 35% 16% 43,645 41,018 42,635 31% 31% CAGR 26% 15,023 14,605 29,865 32,009 13,679 23,594 22% 10,903 17,355 CAGR 8,210 9,225 4,445 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 EBITDARevenues &
Slide 7: Segment Breakdown
Our Financials Segment Breakdown Revenues Gross Profit EBITDA Net Income In PHP millions 2016 2017 2016 2017 2016 2017 2016 2017 Brandy 30,025 31,153 11,884 10,836 9,790 8,000 6,646 4,999 Scotch whisky 11,469 12,571 3,138 3,769 1,233 1,617 1,048 1,320 EMP* 41,018 42,635 15,023 14,605 11,023 9,616 7,
Slide 8: Revenue Mix: WMG Under EMP Inc.'s Tutelage
Our Financials Robust Capital Position WMG Under EMP Inc.’s Tutelage Revenue Mix 10% 14% 11% 30% 13% 12% 18% 17% 77% 77% 67% 53% 2011-2014 2015 2016 2017 Branded Business Private Label Bulk 8
Slide 9: Branded Business Breakdown
Our Financials Robust Capital Position WMG Under EMP Inc.’s Tutelage Branded Business Breakdown 11% 12% 18% 20% 9% 9% 2% 4% 14% 16% 7% 12% 78% 76% 61% 53% 2014 2015 2016 2017 EMEA Asia & Pacific Americas Travel Retail 9
Slide 10: Gross Profit Margin
Our Financials Robust Capital Position WMG Under EMP Inc.’s Tutelage Gross Profit Margin 30.1% 27.6% 19.7% 18.1% 2014 2015 2016 2017 10
Slide 11: Solid Capital Position
Our Financials Robust Capital Position Solid Capital Position Net Debt (PHPm) Cash Debt Net Debt Commentary to Equity Additional borrowings to 2017 10,049 38,150 28,100 49% fund investments 10,049 32,922 22,873 40% Ex Equity-linked security Additional debt to purchase 2016 10,174 29,363 19,189 37% B
Slide 12: Recent Developments
1 Our Financials 2 Recent Developments 3Ke Key Takeaways
Slide 13: Fundador Cafe
Recent Developments Fundador Cafe A 50 sq.m. grab-and-go “booze shop cafe”, that woo millennials with cocktails and spiked coffee and cupcakes. Coffee, cocktails and sweets 13
Slide 14: Dalmore's Visual Identity
Recent Developments Dalmore’s Visual Identity Dalmore’s brand positioning with the introduction of new visual merchandising standards in Middle East and China Flagship store at Taoyuan International Airport Dubai Duty Free Guangzhou Airport 14
Slide 15: Shackleton Blended Scotch Whisky
Recent Developments Shackleton Blended Scotch Whisky One of the 2018 initiatives in the Philippines is the launch of Shackleton Blended Malt Scotch Whisky. Shackleton Blended Malt combines select Highland Single Malts to capture the spirit of the original whisky commissioned by British explorer Sir
Slide 16: Key Takeaways
1 Our Financials 2 Recent Developments 3 Key Takeaways
Slide 17: Key Takeaways
Key Takeaways Dominance, Premiumization, Profitability Future-proofing dominance Premiumization Profitability We want to We are best We want margin secure our positioned to do sustainability dominance in premiumization and stability. Philippine liquor in the Philippines. while making a dent on globa
Slide 18: End of Presentation
N END OF PRESENTATION