President Chain Store Corporation · TWSE:2912
President Chain Store — Q1 2011 Earnings Presentation
17 slides from President Chain Store's earnings presentation, Apr 29, 2011
Slide 1: President Chain Store 2011 Analyst Meeting
President Chain Store 2011 Analyst Meeting 2011.04.29 pcsc 1
Slide 2: Agenda
Agenda 2010 and 2011Q1 Results 2011 Outlook Q&A pcsc 2
Slide 3: 2010 and 2011Q1 Results
2010 and 2011Q1 Results pcsc 3
Slide 4: Parent Income Statement
Parent Income Statement Unit:$NT’million 2010 YOY 2011Q1 YOY Amount ％ ％ Amount ％ ％ Net sales 111,074 96.9% 12.9% 27,320 96.6% 5.1% Other operating revenue 3,590 3.1% 6.4% 964 3.4% 8.2% Total operating revenue 114,664 100.0% 12.7% 28,283 100.0% 5.2% Gross profit 35,923 31.3% 9.0% 8,964 31.7% 8.8% Ope
Slide 5: Profitability Hit a New High
Profitability Hit a New High 5 33.85% 4.5 27.28% 4 3.5 20.71% 3 2.5 14.14% 2 7.57% 1.5 1 1.00% unit：NT$ bn 2005 2006 2007 2008 2009 2010 2011Q1 Net Profit 3.65 3.82 3.62 3.52 4.06 5.73 1.7 Operating Profit 4.18 4.51 4.85 4.61 4.89 5.53 1.51 Operating Margin 4.50% 4.50% 4.70% 4.50% 4.80% 4.80% 5.32%
Slide 6: Two Engines for Growth: 7-11 Taiwan and Subsidiaries
Two Engines for Growth: 7-11 Taiwan and Subsidiaries NI grow 41% in 2010 NI grows 8% in 2011Q1 Solid growth from Taiwan 7-11 Positive contribution from Subsidiaries Internal strategies 12 subsidiaries’ -New store formats NI over NT$100m -Private Label in 2010. products Loss from Chinese -Virtual
Slide 7: Dividend Policy
Dividend Policy pcsc 7
Slide 8: Cash Dividend Reaches New High
Cash Dividend Reaches New High 6 100% 5 90% 4 80% 3 70% 2 60% 1 0 50% 2005 2006 2007 2008 2009 2010 Total Dividends 3.4 3.5 3.2 3.4 3.6 4.9 Cash Dividends 3.4 3.5 3.2 2.04 3.6 4.9 Payout Ratio(%) 85% 84% 81% 88% 92% 89% pcsc 8
Slide 9: 2011 Outlook
2011 Outlook pcsc 9
Slide 10: Taiwan 7-11: Strengthen Real-virtual Retail Platform
Taiwan 7-11： Strengthen Real-virtual Retail Platform Over 35% are Bigger Stores Food Store Net Store City Café and + Fresh food Virtual Businesses 【Chain Store】=>【Net Store】 The most convenience platform for consumers. The most innovative platform for real-virtual integration. The most efficie
Slide 11: New Store Format
New Store Format Focus on raising store profitability. Adjust product mix depending on the characteristics of the neighborhood. Bigger stores account for 33%, and the number keeps growing. pcsc 11
Slide 12: Product Mix Adjustments
Product Mix Adjustments Higher quality：City Café provides convenience and good quality coffee. More choices：a variety of national brands and private label products. Reasonable prices：reasonable prices for daily necessities and private label products. pcsc 12
Slide 13: Innovative Promotions
Innovative Promotions Enhance value-added experience through cooperation with group affiliates and other channels. We have the most facebook fans among Taiwanese companies. We use it as communication and marketing platform. pcsc 13
Slide 14: Virtual Businesses
Virtual Businesses ibon：New services include ticketing services for transportation, online shopping, etc. 7nET：150,000 items, 580,000 membership. pcsc 14
Slide 15: Overseas Businesses－Transfer and localize
Overseas Businesses－Transfer and localize Philippine 7-11-Aiming for China-Aiming for becoming becoming best retailer of regional leading brands convenience for emerging markets. Enhance PSD through 509 stores in China, 300 in East product mix adjustment China. (Fresh food, general merchandise) Sh
Slide 16: Key to Sustainable growth－Focus, Execution
Key to Sustainable growth－ Focus, Execution Next： Positive contribution from Chinese businesses Positive contribution from subsidiaries Solid growth from Taiwan 7-11 pcsc 16
Slide 17: Q&A
COSMED noocnge it-heee oe 17
President Chain Store — Q1 2011 Earnings Presentation on 6ix