Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — 9M 2021 Earnings Presentation
16 slides from Cosco Capital's earnings presentation, November 2021
Slide 1: Cosco Capital, Inc. 9M 2021 Financial Results
Cosco Capital, Inc. 9M 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 49% 98% 100% 100% Commercial Real Grocery Retailing Liquor Distribution Specialty Retailing Estate • Ellimac Prime KEEPR Holdings, Inc., • Fertuna Holdings (formerly DAVIN) Corp., • Patagonia Holdings Corp., • Nation Realty, Inc. • NE Pacific Shopping Centers Corporation • Pure Petr
Slide 4: Revenue and PATMI Contributions 9M 2021
REVENUE AND PATMI CONTRIBUTIONS 9M 2021 Revenues CORE PATMI Specialty Retail 1% Liquor Grocery Real Estate 13% Distribution Retailing 63% 4% Real Estate Liquor 1% Distribution 23% Grocery Retailing 94% Specialty Retail 1% PHP 122.06 billion PHP 4.34 billion 4
Slide 5: 9M 2021 Consolidated Financial Performance
9M 2021 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) 9M2021 % 9M2020 %0 (DECREASE) %2 REVENUES 122,056,472 100.00% 126,969,613 100.00% (4,913,140) -3.87% COST OF SALES/SERVICES 98,142,680 80.41% 105,099,224 82.78% (6,956,545) -6.62% GROSS PROFIT 23,913,793 19.59% 21,870,389 17.22% 2,04
Slide 6: Grocery Retail Segment: 9M 2021 Financial Highlights
Grocery Retail Segment: 9M 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 168,632 -4.9% +8.3% 154,490 29,156 121,138 25,951 115,241 21,494 19,844 17.3% 18.7% 16.8% 16.4% FY2019 FY2020 9M2020 9M2021 FY2019 FY2020 9M2020 9M2021 GP GP Margin EBITDA and Margin Net Profit an
Slide 7: Grocery Retailing: Operational Highlights
Grocery Retailing: Operational Highlights • Puregold opened 19 new stores during 9M 2021; 3 Metro Manila, 11 Luzon, 2 Visayas, 3 Mindanao. • Opening of 1 S&R store in Marikina on July 29, 2021 and 1 in Sucat on September 18, 2021 • As of 9M 2021, the Grocery Retailing segment is operating a total of
Slide 8: Liquor Distribution market leadership
Liquor Distribution: KEEPR has established market leadership in all leading categories of the imported spirits segment1. #1 Non-Cognac Brandy #1 #2 Blended Scotch #1 #2 Malt Scotch #1 #2 US Whiskey #1 Soju #2 Cognac #1 #2 Vodka #1 Gin #2 Rum #1 Agave #1 #2 Flavored Spirits Campari Irish Whiskey #1 N
Slide 9: Liquor Distribution: 9M 2021 Financial Highlights
Liquor Distribution: 9M 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 10,717 +32.1% +34.1% 2,458 8,167 2,235 6,640 1,805 5,025 1,346 27.2% 27.4% 22.9% 26.8% FY2019 FY2020 9M2020 9M2021 FY2019 FY2020 9M2020 9M2021 GP GP Margin EBITDA and Margin Net Profit and Margin +42
Slide 10: Liquor Distribution: Total Volume Sales
Liquor Distribution: Total Volume Sales • 35% growth in total volume of cases sold in 9M 2021 • Growth driven by the increase in the brandy, other spirit segment, and wines. CATEGORY 2019 2020 9M 2020 Mix % 9M 2021 Mix % Inc/Dec Growth Brandy 2,997,940 2,488,760 1,399,686 71% 2,078,463 78% 494,770 4
Slide 11: Real Estate Segment: 9M 2021 Financial Highlights
Real Estate Segment: 9M 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 2,147 -1.7% -1.7% 1,486 1,696 69.2% 1,085 1,264 1,243 837 822 66.2% 66.1% 64.0% FY2019 FY2020 9M2020 9M2021 FY2019 FY2020 9M2020 9M2021 GP GP Margin EBITDA and Margin Net Profit and Margin -0.7% 1,22
Slide 12: Real Estate Segment - Operating Highlights
Real Estate Segment - Operating Highlights A. Acquisition of 716 sqm lot located at Tm Road, Sucat, Muntinlupa City B. Acquisition of 38,425Sqm lot located At Brgy. Tarcan, Baliuag, Bulacan C. Started construction and development of buildings for: ▪ Puregold-Biñan on February 1, 2021 with estimated
Slide 13: Office Warehouse: 9M 2021 Financial Highlights
Office Warehouse: 9M 2021 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 2,451 -5.9% 642 -3.1% 1,672 449 1,252 1,178 325 315 26.7% 26.2% 26.8% 25.9% FY2019 FY2020 9M2020 9M2021 FY2019 FY2020 9M2020 9M2021 GP GP Margin EBITDA and Margin Net Profit and Margin +5.3% +18.5% 97 2
Slide 14: Office Warehouse: Operational Highlights
Office Warehouse: Operational Highlights OFFICE WAREHOUSE, INC. • SSSG of -9.03% in 9M 2021 vs -34.2% in 9M 2020 due to government lockdown and community quarantine starting March 16, 2020 2019 2020 9M 2020 9M 2021 No. Stores 89 89 88 89 Net selling area (in sqm) 15,589 15,546 15,489 15,381 14
Slide 15: 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 15
Slide 16: Thank you
S COSCO capiicl i t ed i nc or por a Thank you