Slide 1: Emperador Inc. FY2024 Results Presentation
EMPERADOR INC. FY2024 Results Presentation
Slide 2: FY2024 Financials – Revenue Highlights
FY2024 Financials – Revenue Highlights Php 36.4 billion Php 61.6 -9% YoY billion Brandy Revenue -6.1% YoY Php 25.3 billion Revenue -1.6% YoY Whisky Revenue - Based on unaudited financial statement
Slide 3: FY24 Key Financials
FY24 Key Financials Headwinds persisted in 2024, slowing down growth in revenue and net profit FY24 YoY Commentary Revenue declined due to weakness in consumer demand given Revenue 61,646 -6.1% economic challenges leading to tighter wallets Gross profit 18,784 Margins declined can be attributed to c
Slide 4: FY24 Key Financials – Brandy Segment
FY24 Key Financials – Brandy Segment Brandy segment was challenged by weaker consumer demand FY24 YoY Commentary Revenue declined on weak demand as consumers down traded to Revenue 36,390 -9% bottom-shelf products Gross profit 7,694 -22.0% Gross profit declined due to cost of goods, Philippine peso
Slide 5: FY24 Key Financials – Whisky Segment
FY24 Key Financials – Whisky Segment Whisky segment more resilient, revenue slightly down FY24 YoY Commentary Revenue 25,256 -1.6% Revenue was slightly down as whisky category is more resilient Gross profit 11,090 -1.8% Gross profit slightly down mostly due to product mix (Margin) (43.5%) EBITDA 6,5
Slide 6: Consistent Dividend Payouts
Consistent Dividend Payouts Dividend payout average of 39% Total net profit and dividends and dividend payout Dividend per share and dividend yield 14,000 100% 0.50 4% 63% 0.45 3% 12,000 2.7% 2.8% 39% 39% 45% 43% 47%50% 2.3% 31% 36% 38% 9,971 10,061 0.40 2.0% 2% 26% 10,000 12% 1.7% 8,706 0% 0.35 1.4
Slide 7: Los Danzantes Acquisition
Los Danzantes Acquisition • Emperador, through its subsidiary Casa Pedro Domecq, acquired a majority stake in Los Danzantes – a premium Mezcal company • Los Danzantes uses the traditional process of making Mezcal, its craft separates it from other Mezcal companies • Production facilities are in Oaxa
Slide 8: Los Danzantes and Alipus
Los Danzantes and Alipus • Los Danzantes and Alipus are among the brands of Los Danzantes Distilleria • These are two of the best known premium Mezcal brands in Mexico and internationally • Both are featured in the 2023 Drinks International magazine Top 10 ‘Bestselling’ and ‘Top Trending’ Mezcal bra
Slide 9: 2025 Outlook
2025 Outlook Brandy: Whisky: • 2025 will be better than 2024 • Environment will continue to be • Expect higher margins this year challenging especially with the • Pivoting brandy business to target new trade policies from the US low-priced segment • Continue to pursue premiumization strategy Others:
Slide 10: Q&A
THE ALMORE — EMPERADOR Q&A