Metro Retail Stores Group, Inc. · PSE:MRSGI
Metro Retail Stores — Q1 2023 Earnings Presentation
23 slides from Metro Retail Stores's earnings presentation, May 18, 2023
Slide 1: 1Q 2023 Earnings Call and Analysts' Briefing
1Q 2023 Earnings Call and Analysts’ Briefing 18 May 2023
Slide 2: General rules
General rules 1. Please note that this call will be recorded. Recording of this Earnings Call will be shared upon request. 2. This Earnings Call will run for about an hour with the first part allotted for a presentation and the second part for the Q&A. 3. Participants other than the speakers will be
Slide 3: Presenters
Presenters Mr. Arnold M. Leoncio Mr. Joselito G. Orense Vice President for Business Development Treasurer and and Investor Relations Chief Finance Officer
Slide 4: 1Q 2023 Financial and Operational Highlights
1Q 2023 Financial and Operational Highlights Net sales decreased by Gross profit grew by EBITDA improved by Net income grew by -2.4% 13.0% 6.2% 80.1% to PhP8.31 billion to PhP1.82 billion to PhP410.19 million to PhP60.04 million Share to Business vs. historical financials (in % of 1Q2023 net sales)
Slide 5: Results of operations: Net sales
Results of operations Net Sales slightly decreased by 2.4% Net sales Share to Business (in PhP billion) (in % of 1Q 2023 net sales) 8.51 -2.4% 8.31 Hypermarket 23% Supermarket 55% Department 1Q 2022 1Q 2023 store 22% ❑ Net sales slightly decreased by 2.4% in the first three months of this year due t
Slide 6: Results of operations: Gross profit and operating expenses
Results of operations Gross profit margin improved Gross Profit Operating Expenses (in PhP billion) (in PhP billion) 1.82 1.75 1.61 13.0% 14.4 21.9% 1.53 21.1% 18.9% 18.0% 1Q 2022 1Q 2023 1Q 2022 1Q 2023 ❑ Gross profit margin improved by 300 bps as general merchandise , which provides higher margin
Slide 7: Results of operations: EBITDA and net income
Results of operations EBITDA and NIAT increased EBITDA Net Income (in PhP million) (in PhP million) 6.2% 410.19 386.38 60.04 4.9% 4.5% 80.1% 0.7% 2.0% 33.34 0.4% 1Q 2022 1Q 2023 1Q 2022 1Q 2023 ❑ As a result of higher gross margin, EBITDA and Net income grew in the first three months of 2023 compare
Slide 8: Results of operations: Comparable store sales
Results of operations | Comparable store sales Department store and Hypermarket increased while Supermarket decreased Blended comparable sales Comparable sales by format (in PhP billion) (in PhP billion) 8.51 -4.6% 8.12 5.16 -14.9% 4.39 16.7% 7.3% 1.82 1.78 1.91 1.56 1Q 2022 1Q 2023 1Q 2022 1Q 2023
Slide 9: MRSGI existing store network
MRSGI existing store network Geographical composition of store network (as of 18 May 2023) NCR 10 60 Visayas stores Luzon 39 11 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 4 Luzon 4 Luzon 3 Visayas 22 Visayas 8 Visayas 9 Total 33 Total 15 Total 12 Note: The Company closed two st
Slide 10: Key financial indicators
Key financial indicators Currency: PhP million 2016 2017 2018 2019 2020 2021 2022 1Q 2023 Financial highlights Net sales 34,411 35,016 33,050 36,790 31,286 31,211 38,102 8,310 EBITDA 1,547 1,877 1,781 2,785 1,273 1,220 2,680 410 Net income 789 977 965 776 (450) (318) 917 60 Financial soundness indic
Slide 11: MRSGI's Strategy
MRSGI’s Strategy 1Q 2023 Earnings Call and Analysts’ Briefing 18 May 2023
Slide 12: MRSGI's Five Strategy Pillars
MRSGI’s Five Strategy Pillars Sustainable Growth Operational Excellence Channel Expansion Margin Enhancement Organizational Development
Slide 13: Q&A
Q&A 1Q 2023 Earnings Call and Analysts’ Briefing 18 May 2023
Slide 14: Thank you!
Thank you! Visit us at: www.metroretail.com.ph shopmetro.ph Like/Follow us on: facebook.com/TheMetroStores @TheMetroStores @themetrostores.ph Connect with us on: linkedin.com/company/metro-retail-stores-group/
Slide 15: Annex: Financial Statements
Annex: Financial Statements 1Q 2023 Earnings Call and Analysts’ Briefing 18 May 2023
Slide 16: Statement of Comprehensive Income
Statement of Comprehensive Income
Slide 17: Statement of Comprehensive Income
Statement of Comprehensive Income
Slide 18: Statement of Financial Position
Statement of Financial Position
Slide 19: Statement of Financial Position
Statement of Financial Position
Slide 20: Statement of Cash Flows
Statement of Cash Flows METRO RETAIL STORES GROUP, INC. UNAUDITED INTERIM STATEMENTS OF CASH FLOWS For the Three-month Periods Ended March 31 2023 2022 ‘CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax 83,713,470 244,128,622 Adjustments for: Depreciation and amortization - PPE (Note 8)
Slide 21: Statement of Cash Flows
Statement of Cash Flows CASH FLOWS FROM INVESTING ACTIVITIES. Acquisition of property and equipment (Note 8) (176,495,503) (241,657,610) Proceeds from insurance claim 53,681,402 - Increase in short-term investments - (1,704,716,327) Decrease (increase) in other noncurrent assets (49,834,817) 56,323,
Slide 22: Press Release
Press Release RA METRO MEDIA RELEASE May 12,2023 Metro Retail posts 80% YoY growl in met income for 1@ 2023 12 May 2023, Manila, Philippines ~ Metro Retail Store Group, Inc. (MRSGI) reported a net income of PHPED.O milion for the fist three months of 2023, an 80.2% increase fom PhP333 milion in the
Slide 23: Disclaimer
Disclaimer The materials and figures in this presentation and other documents are for informational purposes only and are not, in any way, a form of solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. Information
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