Puregold Price Club Inc. · PSE:PGOLD
Puregold Price Club — Q1 2020 Earnings Presentation
15 slides from Puregold Price Club's earnings presentation, June 2020
Slide 1: Company Presentation: 1Q 2020 Results and Performance
Company Presentation 1Q 2020 Results and Performance June 2020
Slide 2: Disclaimer
Disclaimer These presentations and/or other documents have been written and presented by Puregold Price Club, Inc. (PGOLD). PGOLD is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. Third parties, other than PGOLD, do not have any res
Slide 3: Store roll-out through FY 2019
Store roll-out through FY 2019 436 408 360 298 215 102 64 16 30 1 3 1998 2001 2006 2008 2010 2011 2013 2015 2017 2018 2019 First store Expansion Brand recognition Market leadership Rapid expansion via organic Continuing new stores roll- Opened in Launched loyalty Reader’s Digest The 2nd larg
Slide 4: Update on Puregold – 1Q 2020
Update on Puregold – 1Q 2020 5
Slide 5: 1Q 2020 Results and Performance
1Q 2020 Results and Performance • Opened 6 new PGOLD stores; 2 S&R Warehouse and 1 S&R QSR in 1Q 2020; closed 2 PGOLD store • Operating 443 stores in 1Q 2020; with consolidated NSA of around 579,000 sqm • Consolidated net sales expanded by 17.4% in 1Q 2020; Puregold stores sales accounted for about
Slide 6: Operating Performance – 1Q 2020
Operating Performance – 1Q 2020 Format Hypermarket, supermarket, extra Membership shopping S&R Puregold 23% Revenue contribution 77% Gross profit (PHP million) & Margin (%) 4,632 (14.8%) 2,302 (24.0%) Total traffic (million) 42 2.3 Average net ticket (PHP) 749 4,327 Net sales growth (%) 17.6% 19.7%
Slide 7: Operating Performance – 1Q 2020
Operating Performance – 1Q 2020 Breakdown of Stores (per format) Net Selling Area of Stores (in sqm) Group 2018 2019 1Q 20 800,000 518,862 537,965 565,995 579,363 Hypermarket 208 230 232 700,000 4,163 600,000 4,126 4,078 Supermarket 104 103 102 500,000 3,509 92,883 103,529 72,904 83,048 Extra 42 47
Slide 8: Store Portfolio – 1Q 2020
Store Portfolio – 1Q 2020 Key statistics 1Q 2020 Geographic coverage Total no. of 443 BULACAN Caloocan stores North Luzon 232 hypermarkets; Valenzuela (108 stores) 102 supermarkets; Quezon City No. of stores 50 extras Navotas Malabon per format Caloocan 20 S&Rs Marikina Metro Manila 39 S&R Q
Slide 9: Financial Performance – 1Q 2020
Financial Performance – 1Q 2020 Net sales (in Php billions) Gross profit & Margin (in PHP billions) 154.49 141.14 35 124.7 30 25.95 25 21.69 23.93 27.0 20 6.12 6.93 22.0 15 17.5% 34.89 40.95 17.4% 17.0% 16.8% 16.9% 10 17.0 5 0 12.0 2017 2018 2019 1Q 19 1Q 20 2017 2018 2019 1Q 19 1Q 20 Gross Profit G
Slide 10: Financial Performance – 1Q 2020
Financial Performance – 1Q 2020 Other Operating Income (in PHP millions) Operating Expenses (in PHP millions) 25,000 40.0% 35.0% 16,639 17,830 20,000 30.0% ,000 15.0% 3,263 14,611 25.0% 2,692 2,941 15,000 ,000 10.0% 4,280 4,791 20.0% 10,000 ,000 729 823 15.0% 2.2% 2.1% 2.1% 2.1% 5.0% 2.0% 5,000 11.7
Slide 11: Financial Performance – 1Q 2020
Financial Performance – 1Q 2020 Operating Income/EBIT and Margins (in PHP millions) Net Income & Margins (in PHP millions) 10,000 25.0% 0 35.0% 9,000 0 8,000 30.0% 20.0% 10,231 11,384 6,773 0 9,769 7,000 25.0% 6,200 0 6,000 5,494 15.0% 20.0% 5,000 1,763 0 7.8% 7.4% 7.4% 7.2% 4,000 15.0% 1,510 10.0%
Slide 12: Financial Performance – Puregold Only
Financial Performance – Puregold Only Revenues (in PHP Billions) Gross Profit & Margins (in PHP millions) 25,000 25 0 118.24 20,000 16,997 17,659 23 98.7 109.53 15,758 21 0 15,000 4,380 4,633 19 10,000 31.38 15.9% 15.5% 14.9% 16.4% 17 0 26.67 5,000 14.8% 15 0 - 13 2017 2018 2019 1Q 19 1Q 20 2017 201
Slide 13: Financial Performance – S&R Only
Financial Performance – S&R Only Revenues (in PHP Billions) Gross Profit & Margins (in PHP millions) 12,000 70.0% 36.32 10,000 60.0% 31.61 8,291 25.87 8,000 6,932 50.0% 5,795 6,000 2,302 40.0% 1,741 9.57 4,000 22.4% 21.9% 22.8% 24.0% 30.0% 8.21 21.2% 2,000 20.0% - 10.0% 2017 2018 2019 1Q 19 1Q 20 20
Slide 14: Financial Performance – 1Q 2020
Financial Performance – 1Q 2020 Working capital days due to S&R importations and Puregold rapid store expansions and acquisitions 2018 2019 1Q 20 Trade Receivables Days 7.6 6.6 5.4 Inventory Days 58.0 55.4 51.4 New Puregold Store roll out and new S&R Stores to be opened in 2019 Trade Payables Days 2
Slide 15: CAPEX Guidance for FY 2020
CAPEX Guidance for FY 2020 • CAPEX Budget of Php 3.4 billion in 2020 – Php 1 billion for 25 new Puregold Stores – Php 1.6 billion for 2 S&R stores – Php 200 million for 10 S&R QSR – Php 600 million Maintenance Capex • To be funded by internally generated cash and short term untapped bank credit line