Inretail Peru Corp. · BVL:INRETC1
Inretail Peru — Q1 2024 Earnings Presentation
18 slides from Inretail Peru's earnings presentation, 2024
Slide 1: 2024 Earnings Presentation Q1'24
2024 EARNINGS PRESENTATION Q1’24
Slide 2: Agenda
AGENDA Q1’24 2024 01 CONSOLIDATED RESULTS FINANCIAL 02 ESG UPDATE 03 RESULTS BY SEGMENT 04 OTHER FINANCIAL RESULTS
Slide 3: Consolidated Financial Results
2024 01 CONSOLIDATED FINANCIAL RESULTS
Slide 4: Q1'24 Results – Consolidated
Q1’24 RESULTS – CONSOLIDATED Million Soles (S/ mm) Highlights Revenues +0.7% ▪ Low single-digit growth in Revenues, with a strong growth in our Food Retail and in our Shopping Malls segments, offset by a 20,863 21,011 contraction in our Pharma segment from a weak consumption environment +2.9% ▪ Sing
Slide 5: LTM Q1'24 – Consolidated Financial Results
LTM Q1’24 – CONSOLIDATED FINANCIAL RESULTS Food Shopping Pharma Retail Malls 1/ LTM Q1’24 (S/ mm; %) + + = Revenues 11,571 8,728 782 21,011 % Revenues Contribution 55% 41% 4% Adj. EBITDA2/ 1,124 1,361 469 2,816 % Adj. EBITDA Contribution 38% 46% 16% Adj. EBITDA Margin3/ 9.7% 15.6% 81.6% 13.4% _ Mark
Slide 6: ESG Update
02 ESG UPDATE InRetail
Slide 7: Q1'24 – ESG Update
Q1’24 – ESG UPDATE1/ 4.4 mm Supermercados Health campaigns carried out in shopping malls: Rations of food donated Peruanos received its fourth sustainability +6K 670 S/18 mm +90K linked loan for People Units of blood impacted donated Amount donated People impacted ~S/100 mm per week Supporting entre
Slide 8: Results by Segment
RESULTS BY SEGMENT 5 InRetail
Slide 9: Q1'24 Results – Food Retail
Q1’24 RESULTS – FOOD RETAIL Million Soles (S/ mm) S/ mm Q1'24 Q1'23 Var % Revenues 2,935 2,742 7.0% Gross Profit 676 643 5.1% 1/ 270 257 4.8% Adj. EBITDA Gross Mg 23.0% 23.5% -42 bps 1/ 9.2% 9.4% -20 bps Adj. EBITDA Mg Revenues reached S/2.9 billion, registering a 7.0% growth versus the comparable %
Slide 10: Q1'24 Results – Pharma
Q1’24 RESULTS – PHARMA Million Soles (S/ mm) S/ mm Q1'24 Q1'23 Var % Revenues 2,123 2,186 -2.9% Gross Profit 674 675 -0.2% 1/ 330 332 -0.6% Adj. EBITDA Gross Mg 31.7% 30.9% 87 bps 1/ 15.6% 15.2% 36 bps Adj. EBITDA Mg Revenues decreased 2.9% in Q1’24, with lower revenues in Distribution2/, given a de
Slide 11: Q1'24 Results – Shopping Malls
Q1’24 RESULTS – SHOPPING MALLS Million Soles (S/ mm) S/ mm Q1'24 Q1'23 Var % Revenues 197 178 10.7% Gross Profit 129 117 10.5% 1/ 119 110 8.6% Adj. EBITDA 2/ 65.8% 65.9% -13 bps Gross Mg 3/ 81.7% 83.4% -167 bps Net Rental Mg Revenues reached S/197 million, registering a 10.7% growth versus the compa
Slide 12: Quarterly Openings and SSS by Segment
QUARTERLY OPENINGS AND SSS BY SEGMENT Openings Same Store Sales (SSS) Food Retail Food Retail1/ 2023: 3.4% Sales Area (‘000 sqm) YTD: 3.2% 561 569 591 601 554 3/ 5.0% 123 130 139 157 167 4.1% 115 115 115 115 115 3.2% 2.3% 3/ 1.4% 316 316 314 319 319 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q1’23 Q2’23 Q3’23 Q4
Slide 13: Other Financial Results
2024 04 OTHER FINANCIAL RESULTS
Slide 14: Consolidated Net Income
CONSOLIDATED NET INCOME Million Soles (S/ mm) Net Income1/ Net Income Breakdown1/ +1.3% 221 209 +24 -27 +2 0 +4 +9 936 948 +5.9% 209 221 Q1’23 Q1’24 2023 LTM Q1’24 Net Net Income EBITDA Net FX Higher Lower Higher Lower Tax Net Income 4.1% 4.2% 4.5% 4.5% Margin Q1’23 Increase Effect Mark to Financial
Slide 15: Capex and Cash-Flow Breakdown
CAPEX AND CASH-FLOW BREAKDOWN Million Soles (S/ mm) Consolidated CAPEX 2023: S/775 mm 1,041 679 369 294 216 197 137 129 2020 2021 2022 1/ Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Cash-Flow Breakdown 1,248 1,142 -197 +130 -127 1472/ +420 -151 1982/ +83 944 1,102 Starting Cash Operating CAPEX Financial Debt Amor
Slide 16: Consolidated Financial Debt
CONSOLIDATED FINANCIAL DEBT Million Soles (S/ mm) Consolidated Financial Debt1/ USD Exposure on Financial Debt Net Debt/Adj.EBITDA Debt/Adj.EBITDA Hedge USD PEN 3.0x 2.9x 2.8x 2.7x 2.7x 2.6x 2.6x 45% 48% 48% 49% 2.5x 50% 2.3x 2.3x 1% 1% 1% 1% 1% 54% 52% 51% 49% 50% LTM Q1’23 LTM Q2’23 LTM Q3’23 2023
Slide 17: Financial Debt by Segment
FINANCIAL DEBT BY SEGMENT1/ Million Soles (S/ mm) Net Debt/Adj. EBITDA Debt/Adj. EBITDA Total Consolidated Debt: S/7,635 mm Debt / Adj. EBITDA: 2.7x Net Debt / Adj. EBITDA: 2.3x Debt / Adj. EBITDA: 2.3x Net Debt / Adj. EBITDA: 2.0x 4.6x 4.6x 4.5x 4.3x 4.2x 3.2x 3.2x 3.2x 2.0x 2.8x 2.9x 1.8x 1.7x 1.8
Slide 18: Contact Information
CONTACT INFORMATION Vanessa Dañino Investor Relations Officer IR email: ir@inretail.pe This material was prepared solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities. This presentation may include forward-looking statements or stat