Emperador Inc. · PSE:EMI

Emperador — Q1 2016 Earnings Presentation

15 slides from Emperador's earnings presentation, May 13, 2016

  1. Slide 1: First Quarter 2016 Results Briefing

    Investors Presentation January 2016 EMPERADOR INC. First Quarter 2016 Results Briefing May 13, 2016

  2. Slide 2: Our Financials, Industry Performance, Recent Developments

    1 Our Financials 2 Industry Performance 3 Recent Developments

  3. Slide 3: 1Q16 Financial Highlights

    Our Financials 1Q16 Financial Highlights PHP9b Net Income Consolidated Margin Revenues 16% Revenue Breakdown Consolidated 25% PHP1.4b Revenue Consolidated Growth 75% Net Income 1% WMG EMP * Note: Revenue Breakdown chart, WMG – Whyte & Mackay Group; EMP – excludes WMG 3

  4. Slide 4: 1Q16 Performance Update

    Our Financials 1Q16 Performance Update 1Q15 1Q16 YoY Commentary Some domestic volume growth, Revenues (PHPm) 8,895 8,967 1% price increase, new products; impact of Russian Standard exit Gross profit (PHPm) 2,752 2,741 -0.4% Blended GPM stable at 31%: 32% for EMP (ex WMG) and 28% for WMG Gross profit

  5. Slide 5: Latest Financial Performance

    Our Financials Latest Financial Performance Revenues (PHPm) Gross profit & margin 43,645 32% 1% 13,679 31% 31% 0.4% 8,895 8,967 2,752 2,741 2015 1Q15 1Q16 2015 1Q15 1Q16 EBITDA & margin Net income & margin 22% 23% 22% 9,609 16% 16% 16% 3% 6,960 0.3% 2,051 1,989 1,401 1,405 2015 1Q15 1Q16 2015 1Q15 1

  6. Slide 6: Financial History

    Our Financials Financial History Revenues* (PHPm) Gross profit* & margin 43,645 35% 36% 35% 39% 32% 32% CAGR 29,865 32,009 26% 13,679 23,594 37% 10,903 CAGR 8,210 9,225 17,355 8,456 4,445 2,817 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 EBITDA & margin Net income & margin 28% 30% 28

  7. Slide 7: Segment Breakdown

    Our Financials Segment Breakdown In PHP millions Revenues Gross Profit EBITDA Net Income 1Q15 1Q16 1Q15 1Q16 1Q15 1Q16 1Q15 1Q16 EMP (ex WMG) 5,651 6,720 2,170 2,120 1,967 1,723 1,368 1,188 WMG 3,243 2,247 582 620 84 266 33 217 EMP (consolidated) 8,895 8,967 2,752 2,741 2,051 1,989 1,401 1,405 7

  8. Slide 8: Robust Capital Position

    Our Financials Robust Capital Position Solid Capital Position Net Debt to (PHPm) Cash Debt Net Debt Commentary Equity Use of cash to close Fundador 1Q16 18,609 28,841 10,232 20% transaction 18,609 23,581 4,971 10%* * Ex Equity-linked security Additional debt to purchase 2015 29,178 29,159 cash na Fu

  9. Slide 9: Industry Performance

    1 Our Financials 2 Industry Performance 3 Recent Developments

  10. Slide 10: Industry Performance: Value Market Share

    Industry Performance Value Market Share 24% 22% Tanduay 45% 48% Ginebra San Miguel Emperador 30% 29% 1Q15 1Q16 * Source: PSE disclosures and EMP estimates 10

  11. Slide 11: Recent Developments

    1 Our Financials 2 Industry Performance 3 Recent Developments

  12. Slide 12: March 2016 Fundador Closing

    March 2016 Fundador Closing 12

  13. Slide 13: March 2016 Fundador Closing

    March 2016 Fundador Closing 13

  14. Slide 14: March 2016 Fundador Closing

    March 2016 Fundador Closing 14

  15. Slide 15: End of Presentation

    N a END OF PRESENTATION

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