Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — Q1 2021 Earnings Presentation
16 slides from Cosco Capital's earnings presentation, May 2021
Slide 1: Cosco Capital, Inc. Q1 2021 Financial Results
Cosco Capital, Inc. Q1 2021 Financial Results Investor Presentation 1
Slide 2: Disclaimer
Disclaimer These presentations and/or other documents have been written and presented by COSCO CAPITAL, INC. (COSCO). COSCO is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. Third parties, other than COSCO, do not have any responsib
Slide 3: Company Overview
Company Overview Lucio Co Family Public 76% 24% 49% 100% 100% 100% Commercial Real Grocery Retailing Liquor Distribution Specialty Retailing Estate • Ellimac Prime Holdings, Inc., • Fertuna Holdings Corp., • Patagonia Holdings Corp., • Nation Realty, Inc. • NE Pacific Shopping Centers Corporation •
Slide 4: Revenue & Net Income Contribution Q1 2021
Revenue & Net Income Contribution Q1 2021 Revenues CORE PATMI Specialty Retail 1% Real Estate Liquor Grocery 14% Distribution Retailing 69% 3.0% Real Estate 0.7% Liquor Distribution Grocery 16% Retailing 95.3% Specialty Retail 1% PHP 39.60 billion PHP 1.41 billion 4
Slide 5: Q1 2021 Consolidated Financial Performance
Q1 2021 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) Q12021 % Q12020 % (DECREASE) % REVENUES 39,607,069 100.00% 43,085,267 100.00% (3,478,198) -8.07% COST OF SALES/SERVICES 31,692,555 80.02% 35,344,924 82.03% (3,652,369) -10.33% GROSS PROFIT 7,914,515 19.98% 7,740,343 17.97% 174,171 2.
Slide 6: Grocery Retail Segment: Q1 2021 Financial Highlights
Grocery Retail Segment: Q1 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin -7.9% +4.0% 168,632 29,156 154,490 25,951 19.1% 17.3% 16.9% 16.8% 40,953 37,729 6,935 7,210 FY2019 FY2020 Q12020 Q12021 FY2019 FY2020 Q12020 Q12021 GP GP Margin EBITDA and Margin Net Profit and Ma
Slide 7: Grocery Retailing: Operational Highlights
Grocery Retailing: Operational Highlights • Puregold opened 10 new stores during Q1 2021, out of targeted 25 new stores; 1 Metro Manila, 6 Luzon, 1 Visayas, 2 Mindanao. • As of Q1 2021, the Grocery Retailing segment is operating a total of 479 stores PUREGOLD S&R S&R QSR Metro Manila 138 10 26 Luzon
Slide 8: Liquor Distribution: Products
Liquor Distribution: Products Brandy Brandy Tequila Alfonso Fundador Jose Cuervo Alfonso Light Fundador Light Whiskey Excelente Bushmills Whiskey Chivas Regal Tequila Jim Beam Patron Glenfiddich Cognac Martel Whiskey Vodka Johnnie Walker Absolut Jack Daniels Liqueurs Jagermeister Various Wines Speci
Slide 9: Liquor Distribution: Q1 2021 Financial Highlights
Liquor Distribution: Q1 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 10,717 -4.4% 2,458 +0.4% 2,235 8,167 27.4% 22.9% 451 453 1,847 1,765 24.4% 25.7% FY2019 FY2020 Q12020 Q12021 FY2019 FY2020 Q12020 Q12021 GP GP Margin EBITDA and Margin Net Profit and Margin -6.9% -2.
Slide 10: Liquor Distribution: Total Volume Sales
Liquor Distribution: Total Volume Sales • 8.2% growth in total volume of cases sold in 1Q 2021 • Growth driven by the increase in the brandy and other spirit segment. CATEGORY 2019 2020 Q1 2020 Mix % Q1 2021 Mix % Inc/Dec Growth Brandy 2,997,940 2,488,760 403,383 62% 480,384 68% 77,001 19% Other Spi
Slide 11: Real Estate Segment: Q1 2021 Financial Highlights
Real Estate Segment: Q1 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin -20.1% -25.4% 2,147 1,486 1,696 1,085 69.2% 535 428 384 64.0% 286 71.7% 67.0% FY2019 FY2020 Q12020 Q12021 FY2019 FY2020 Q12020 Q12021 GP GP Margin EBITDA and Margin Net Profit and Margin 1,576 -35.4%
Slide 12: Office Warehouse: Q1 2021 Financial Highlights
Office Warehouse: Q1 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin -20.9% -18.4% 2,451 642 1,672 449 536 424 26.2% 26.8% 138 113 25.7% 26.6% FY2019 FY2020 Q12020 Q12021 FY2019 FY2020 Q12020 Q12021 GP EBITDA and Margin Net Profit and Margin -10.50% -8.3% 251 97 195 56 1
Slide 13: Office Warehouse: Operational Highlights
Office Warehouse: Operational Highlights OFFICE WAREHOUSE, INC. • SSSG of -23.36% in Q1 2021 vs -15.33% in Q1 2020 due to government lockdown and community quarantine starting March 16, 2020 2018 2019 2020 Q1 2021 No. Stores 88 89 89 89 Net selling area (in sqm) 16,738 15,589 15,546 15,546 13
Slide 14: CAPEX Guidance for 2021
CAPEX Guidance for 2021 • CAPEX Budget of Php 4.9 billion in 2021 - Php 4.7 billion for Puregold Group - Php 131 million for Real Estate Group - Php 57.5 million for Office Warehouse • To be funded by internally generated cash and short term untapped bank credit lines if necessary 14
Slide 15: Thank you.
Thank you. www.coscocapital.com
Slide 16: Group Operational Highlights
Group Operational Highlights REAL ESTATE 53% of tenants portfolio are essential industries allowed to continue business operations during the community quarantines and lockdowns 47% of tenants portfolio – directly affected by the mall closures and community quarantines Rental reliefs extended