Slide 1: 1st Quarter 2023 Financial Results
1st Quarter 2023 Financial Results May 2023
Slide 2: Q1 2023 Key Highlights
Q1 2023 Key Highlights Weaker-than-expected consumption due to prolonged global macroeconomic headwinds Discussion › Sales: Coconut water segment posted 27% Sales Gross Profit growth; overall topline weighed down by softer demand for desiccated coconut ₱1.4 Bn ₱245 Mn › Gross Profit: Lower input pri
Slide 3: Management Perspective
Management Perspective Poised for sharp rebound starting in the second half of the year General Discussion Customers beefed up inventory when shipping fees tempered towards the end of 2022 MARKET Lingering macroeconomic challenges temporarily affected consumption activity in major export markets SUM
Slide 4: Sales Mix
Sales Mix Core products accounted for 90% of topline; United States remains largest export market By Product Segment By Geography 5% 10% 7% 9% 7% 90% 72% Core Products Others United States Philippines Europe Australia Asia 4
Slide 5: Consolidated Balance Sheet and Key Ratios
Consolidated Balance Sheet and Key Ratios Healthy fiscal standing Discussion Cash Inventories in PHP Mn in PHP Mn • Cash: Utilized for supplier payments and prepaid expenses 2,564 2,636 1,292 992 • Inventories: Elevated inventory level due to slower revenue turnover • Current Ratio: Impact of higher
Slide 6: Cashflow Summary
Cashflow Summary Cashflow (in PHP Mn) Discussion 31 • Operating Activities: Higher inventory, prepaid expenses and supplier payables (10) • Investing Activities: CAPEX acceleration planned by second half of the year • Financing Activities: Additional short-term bank loans for working capital purpose
Slide 7: Forged Strategic Partnership with Metro Pacific Agro Ventures
Forged Strategic Partnership with Metro Pacific Agro Ventures Jointly advance broad- Develop local market Expand global Unlock massive value of Larger impact on based agenda for the through product distribution reach by consumer retail business sustainable progress and Philippine coconut innovation
Slide 8: Mailing Address, Contact Number, Email
Mailing Address 1052 EDSA Magallanes Village, Makati City, Metro Manila 1232 Contact Number +63 (2) 8851 0730 Email investor.relations@axelum.com.ph Website www.axelum.ph Facebook www.facebook.com/axelumofficial/ Instagram @fiestacoconutproducts Youtube @axelumofficial5437