Slide 1: Cosco Capital, Inc. 1Q2017 Financial Results
Cosco Capital, Inc. 1Q2017 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: Agenda
Agenda • 1Q2017 Consolidated Financial Results • Core Businesses • Grocery Retailing • Liquor Distribution • Specialty Retailing • Commercial Real Estate 3
Slide 4: 1Q2017 Consolidated Financial Highlights
1Q2017 Consolidated Financial Highlights (In PHP millions) REVENUES GROSS PROFIT 129,189 25,000 24,800 24,600 21,912 116,752 24,400 24,200 24,000 23,800 19,964 23,600 23,400 23,200 23,000 22,800 22,600 37.0% 22,400 22,200 22,000 21,800 21,600 21,400 98,787 21,200 21,000 20,800 20,600 20,400 20,200 2
Slide 5: Revenue Contribution
Revenue Contribution Consolidated Revenues 1Q2017 1Q2016 Liquor Commercial Liquor Commercial Distribution Real Estate Distribution Real Estate 3% 1% 4% 1% Speciality Speciality Retailing Retailing 11% 9% Grocery Grocery Retailing Retailing 85% 86% PHP 32.3 billion PHP28.8 billion 5
Slide 6: Net Income Contribution
Net Income Contribution 1Q2017 1Q2016 Head Office Head Office Expenses Expenses Commercial 0.4% Commercial -0.5% Real Estate Real Estate 22.2% 21.8% Liquor Grocery Liquor Distribution Retailing Distribution Grocery 11.8% 56.4% 12.2% Retailing 54.6% Speciality Retailing Speciality 9.2% Retailing 11.8
Slide 7: Grocery Retailing: 1Q2017 Financial Highlights
Grocery Retailing: 1Q2017 Financial Highlights (In PHP millions) Revenues Gross Profit 20,000 18,538 112,589 18,000 16,489 42.0% Key Highlights 97,172 16,000 14,760 37.0% • 11.2% growth in Consolidated 84,697 +11.2% 14,000 12,000 +12.2% 32.0% 27.0% Net Sales to PHP27.5 billion, with 10,000 8,000 22.
Slide 8: Grocery Retailing: Recent Developments
Grocery Retailing: Recent Developments • Puregold opened 6 new stores out of targeted 25 new stores • S&R opened 1 S&R New York Style Pizza (QSR) • As of 1Q2017, the Grocery Retailing segment is operating a total of 336 stores PUREGOLD S&R S&R QSR NE Bodega Budgetlane Metro Manila 112 5 15 0 1 Luzon
Slide 9: 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 10: Liquor Distribution: 1Q2017 Financial Highlights
Liquor Distribution: 1Q2017 Financial Highlights (In PHP millions) Revenues Gross Profit 1,344 1,188 1,299 1,500 40.0% 5,677 5,904 4,841 1,300 35.0% Key Highlights 1,100 +3.5% 900 +1.2% 30.0% 700 • Revenues growth due to the 26% increase in volume of cases sold. 25.0% 500 1,130 1,169 273 276 300 24.
Slide 11: Liquor Distribution: Total Volume Sales
Liquor Distribution: Total Volume Sales • 29% growth in total volume of cases sold • Growth mainly driven by Alfonso Light and Alfonso 1Q2017 % to total 1Q2016 % to total Inc (Dec) % Inc (Dec) Brandy 268,219 65% 195,510 61% 72,708 37% Other spirits 67,658 16% 69,013 21% (1,355) -2% Wines 38,986 9% 2
Slide 12: Liquigaz: 1Q2017 Financial Highlights
Liquigaz: 1Q2017 Financial Highlights (In PHP millions) Revenues Gross Profit 18,956 1,014 1,000 932 19.0% 11,854 900 742 17.0% 8,927 33.2% 800 700 600 -7.3% 15.0% 13.0% Key Highlights • Increase in Revenues due to rise 11.0% 500 9.0% 400 2,258 3,008 300 200 7.9% 8.3% 242 224 7.0% 5.0% in global LPG
Slide 13: Office Warehouse, Inc. 1Q2017 Financial Highlights
Office Warehouse, Inc. 1Q2017 Financial Highlights (In PHP millions) Revenues Gross Profit 1,535 417 +18.4% 500 40.0% 1,302 354 +17.6% 268 450 1,043 400 35.0% 350 300 30.0% Key Highlights 250 374 440 200 150 27.2% 27.2% 97 115 25.0% • Opened 3 new stores and closed 100 25.7% 20.0% down 2 stores duri
Slide 14: Commercial Real Estate: 1Q2017 Financial Highlights
Commercial Real Estate: 1Q2017 Financial Highlights (In PHP millions) Revenues Gross Profit Key Highlights • Increase in Net Income due to 2,423 2,326 1,464 1,404 2,210 1,600 80% lower interest expenses 1,275 -5.5% 1,400 75% -4.2% 1,200 1,000 70% 65% 1Q2017 800 60% Rental Yield, gross 11.1% 576 552
Slide 15: Commercial Real Estate: Property Portfolio
Commercial Real Estate: Property Portfolio Key statistics Geographic coverage GLA/Lot Investment Category 3Q2016 Area cost in sq.m.in PHP million Metro Manila Land under • 13 Commercial Buildings 9 146,148 4,243.50 lease • 5 Land under lease Commercial 29 259,215 12,973.30 Buildings Luzon Total 38 4
Slide 16: Thank you.
Thank you. www.coscocapital.com