Pan Pacific International Holdings Corporation · TSE:7532
Pan Pacific International — Q1 FY2023 Earnings Presentation
30 slides from Pan Pacific International's earnings presentation, November 2022
Slide 1: Q1 Results for FY2023
23FTVMUTGPS': /PWFNCFS 1BO1BDJGJD*OUFSOBUJPOBM)PMEJOHT$PSQPSBUJPO
Slide 2: Index
*/%&9 0WFSWJFXPG2SFTVMUTGPSGJTDBMZFBSFOEJOH+VOF 4USBUFHJFTBOEJOJUJBUJWFTGPSUIF2BOEPOXBSET 'JOBODJBM#VTJOFTT "QQFOEJY
Slide 3: Explanatory notes for these materials
&YQMBOBUPSZOPUFTGPSUIFTFNBUFSJBMT 5IF NPOFUBSZ WBMVFT QSFTFOUFE JO UIFTF NBUFSJBMT BSF SPVOEFE PGG UP UIF OFBSFTU GVMM VOJU 5IFGPMMPXJOHBCCSFWJBUJPOTBSFVTFEJOUIFTFNBUFSJBMT1BO1BDJGJD*OUFSOBUJPOBM)PMEJOHT BTˑ11*) ˒%PO2VJKPUF $P -UEBOEJUT TUPSFTBTˑ%2 ˒6/:$P -UEBTˑ6/: ˒6%3FUBJM$P -UEBTˑ6%3 ˒4JOHBQPSFBT
Slide 4: Overview of Q1 Results
0WFSWJFXPG2SFTVMUT GPSGJTDBMZFBSFOEJOH+VOF
Slide 5: Earnings summary for Q1
&BSOJOHTTVNNBSZGPS2 [1FSJPE+VMZ ˊ 4FQUFNCFS > 6OJU.JMMJPOZFO NPOUITFOEFEJO NPOUITFOEJOHJO%FD NPOUITFOEFEJO4FQ 4FQ &BSOJOHT'PSFDBTU "DUVBM "DUVBM "DUVBM $IBOHF :P: 1SPHSFTT 4BMFT SBUJP 4BMFT SBUJP 4BMFT SBUJP /FUTBMFT (SPTTQSPGJU 4(" 0QFSBUJOHQSPGJU 3FDVSSJOHQSPGJU 1SPGJUBUUSJCVUBCMFUP PXOFST
Slide 6: Summary of Q1 Consolidated Business Results
4VNNBSZPG2$POTPMJEBUFE#VTJOFTT3FTVMUT 0WFSWJFX • 4BMFTJODSFBTFECZCJMMJPOZFO :P: *OBEEJUJPOUPUIFOFXDPOTPMJEBUJPOPG(FMTPOT CJMMJPOZFO OFXTUPSFPQFOJOHTBOECVTJOFTTGPSNBUDPOWFSTJPOTJOUIFEPNFTUJDBOEPWFSTFBTSFUBJM CVTJOFTTPGGTFUUIFEFDMJOFJOFYJTUJOHTUPSFTBMFT BOEBDIJFWFETBMFTHSPXUI • 0OUIFPUIFSIBOE PQFSBUJO
Slide 7: Domestic Discount Store Business
%PNFTUJD%JTDPVOU4UPSF#VTJOFTT ':2 $IBOHFJO4BMFT 0QFSBUJOHJODPNFEFDMJOFECZCJMMJPOZFOEVFUPUIFTFWFSF FYUFSOBMFOWJSPONFOUDBVTFECZBTQJLFJO$PWJEDBTFTBOECBE .JMMJPO:FO XFBUIFSJO"VHVTU)PXFWFS TBMFTJODSFBTFECZCJMMJPOZFO UISPVHIOFXTUPSFTPQFOJOHBOECVTJOFTTGPSNBUDPOWFSTJPO ü &YJTUJOHTUPSFTTBMFTXBTBU:P:"MUIPVHIS
Slide 8: GMS Business
(.4 #VTJOFTT ':2 $IBOHFJO4BMFT 1PPSXFBUIFSBOEUFNQFSBUVSFJO"VHVTUBGGFDUFEUIFTBMFTBOE QSPGJUPGFYJTUJOHTUPSFT .JMMJPO:FO 0OUIFPUIFSIBOE XFXJMMDPOUJOVFUPGPDVTPOUIFFWPMVUJPOPGPVS CVTJOFTTNPEFMPWFSUIFNFEJVNUPMPOHUFSN ü 4BMFTGPSUIF&YJTUJOHTUPSFTXBT:P:1PPSXFBUIFSBOEUFNQFSBUVSF JO"VHVTUBOEFBSMZ4FQUFNCFSMFEEJ
Slide 9: Overseas Business
0WFSTFBT#VTJOFTT ':2 $IBOHFJO4BMFT #PUITBMFTBOEQSPGJUTJODSFBTFEEVFUPUIFDPOUJOVFEPQFOJOHPG OFXTUPSFTBOEUIFDPOUSJCVUJPOPG(FMTPOT .JMMJPO:FO Ӎ"TJB #VTJOFTT ü &YJTUJOH TUPSFT JO )POH ,POH XIJDI IBE QFSGPSNFE XFMM JO UIF QSFWJPVT ZFBS TUSVHHMFE GSPN DBOOJCBMJ[BUJPO )PXFWFS OFX TUPSFT DPOUSJCVUFE UP BO JO
Slide 10: Status of major assets, liabilities and net assets
4UBUVTPGNBKPSBTTFUT MJBCJMJUJFTBOEOFUBTTFUT 6OJU.JMMJPO ZFO 6OJU.JMMJPO ZFO +VOF 4FQUFNCFS +VOF 4FQUFNCFS "DUVBM "DUVBM $IBOHF "DUVBM "DUVBM $IBOHF $VSSFOU"TTFUT 5PUBM$VSSFOU-JBCJMJUJFT $BTIBOE%FQPTJUT "DDPVOUT1BZBCMF5SBEF "DDPVOU SFDFJWBCMF JOTUBMMNFOU 4IPSU5FSN-JBCJMJUJFT 1SPEVDUT 5PUBM/PODVSSFOU
Slide 11: Status of cash flows and capital expenditure
4UBUVTPGDBTIGMPXTBOEDBQJUBMFYQFOEJUVSF Ӝ $BTI'MPX4UBUVT 6OJU.JMMJPOZFO NPOUITFOEFE NPOUITFOEFE4FQ 4FQ "DUVBM "DUVBM $IBOHF #BMBODFBU#FHJOOJOHPG1FSJPE 0QFSBUJOH$BTI'MPXT Ӝ 1PTJUJWFJUFNT CJMMJPOZFOJOJODPNFCFGPSF JODPNFUBY CJMMJPOZFOJOEFQSFDJBUJPOBOE $BTI'MPXTGSPN0QFSBUJOH "DUJWJUJFT BNPSUJ[BUJPO BOE
Slide 12: Strategies and Initiatives for Q2 and onwards
4USBUFHJFTBOE*OJUJBUJWFT GPSUIF2BOEPOXBSET
Slide 13: Full-year forecast for the consolidated results
'VMMZFBSGPSFDBTUGPSUIFDPOTPMJEBUFESFTVMUT /PDIBOHFJOOFJUIFS)BMGZFBSOPS'VMMZFBSGPSFDBTU 6OJU.JMMJPOZFO )BMGZFBS GPSFDBTU 'VMMZFBSGPSFDBTU "DUVBM 3BUJP :P: "DUVBM 3BUJP :P: 4BMFT (SPTTQSPGJU 4(" 0QFSBUJOHQSPGJU 3FDVSSJOHQSPGJU 1SPGJUBUUSJCVUBCMFUP PXOFSTPGQBSFOU &14 :FO %JWJEFOETQFSTIBSF :FO $BQ JUBM
Slide 14: October overview for Domestic Discount Store and GMS business
0DUPCFSPWFSWJFXGPS%PNFTUJD%JTDPVOU4UPSFCVTJOFTT BOE(.4 CVTJOFTT 'MBTI/VNCFS ٥&YJTUJOHTUPSFTBMFTBUUIFNBKPSEPNFTUJDSFUBJMDPNQBOJFTBDIJFWFE:P:EVFUPBO JODSFBTFJOUIFGMPXPGQFPQMFGPMMPXJOHUIFMJGUJOHPGUIFTUBUFPGFNFSHFODZ UIFDVNVMBUJWFTBMFT GPS+VMZ0DUPCFSBMTPJNQSPWFEUP:P: ٥4BMFTPOXFFLFOETBOEBUOJHIUUJNFJODSFB
Slide 15: Domestic Discount Store Business Initiatives
%PNFTUJD%JTDPVOU4UPSF#VTJOFTT*OJUJBUJWFTGPS2BOEPOXBSET 5IFJOJUJBUJWFTSFRVJSFEGPSUIFUJNFCFJOHBSFDMFBSJOCPUIBUTUPSFTBOEJOQSPEVDUT)FBEPGGJDF XJMMQSPWJEFNBYJNVNTVQQPSUUPSFEVDFUIFCVSEFOBUUIFTUPSFTJEF BOEFOTVSFUIF JNQMFNFOUBUJPOPGWBSJPVTNFBTVSFTUPJNQSPWFTBMFTBOEHSPTTQSPGJU *OJUJBUJWFTBUTUPSFT *OJUJBUJWFT
Slide 16: GMS Business Initiatives after Q2 and onwards
(.4 #VTJOFTT*OJUJBUJWFTBGUFS2BOEPOXBSET 5IFQIBTFPGGPSNBUDPOWFSTJPOPGTMVHHJTITUPSFTMBZJOHUIFGPVOEBUJPOJTPWFS /PXJOUIFQIBTFPGSFBMJ[JOHJOEJWJEVBMTUPSFNBOBHFNFOUUPGVSUIFSJODSFBTFTBMFTBOEQSPGJUT ':FOEFEJO ':FOEJOHJO ':FOEJOHJO 'FC 'FC 'FC 0QFSBUJOH1SPGJU 5SBEJUJPOBM(.4 /FX(.4 0QFSBUJOH1SPGJU "QQSPY
Slide 17: Financial Business
Financial Business 16
Slide 18: Financial Business Structure
'JOBODJBM#VTJOFTT4USVDUVSF ٥&TUBCMJTIFE11*'JOQBSBMMFMXJUIUIFSFUBJMCVTJOFTTDPNQBOJFTUPMBVODIUIFGJOBODJBMCVTJOFTTBTB OFXQJMMBSPGFBSOJOHT ٥11*'MBVODIFEBTBDSPTTHSPVQCVTJOFTT BOE6$4 BTVCTJEJBSZPG6/: XJMMCFUSBOTGFSSFEVOEFSJU Ӝ *TTVFTBOE'VUVSF3FTQPOTFT $VSSFOU*TTVFT 'VUVSF3FTQPOTFT ٥-JNJUFEXBZPGUPQVQBOEQMB
Slide 19: The role of financial businesses in meeting customer needs
5IFSPMFPGGJOBODJBMCVTJOFTTFTJONFFUJOHDVTUPNFSOFFET ٥8JUIUIFFYQBOTJPOPGDBTIMFTTQPMJDJFTBOE23DPEFQBZNFOUT DPNQFUJUJPOCBTFEPOQBZNFOUIBTJOUFOTJGJFE 5IFSFBSFDPODFSOTUIBUXFMPTFDVTUPNFSTUPDPNQFUJUPST SFTVMUJOHJOBTJHOJGJDBOUJODSFBTFJOQBZNFOUGFFTGPS TUPSFTBOEUIFMFBLBHFPGDVTUPNFSBOEQVSDIBTFJOGPSNBUJPO ٥#ZTJHO
Slide 20: Business Plan
#VTJOFTT1MBO ٥ "JNUPBDIJFWFPQFSBUJOHJODPNFPGCJMMJPOZFOJOBTJOHMFZFBSJOZFBST ٥ &YQBOENBKJDBBQQQBZNFOUGVODUJPOBTBHBUFXBZBOEFOIBODFUIFGJOBODFGVODUJPOUPJOUFHSBUFXJUIUIFSFUBJM CVTJOFTT ٥3FBDIFEUIFCBTJDBHSFFNFOUXJUI7*4"UPEJTDVTTDPNQSFIFOTJWFQBSUOFSTIJQ UPFOIBODFUIFWFSTBUJMJUZPGUIF QBZNFOUGVODUJPO Ӝ #VTJOFT
Slide 21: Appendix
Appendix 20
Slide 22: Retail operations information
23FUBJMPQFSBUJPOTJOGPSNBUJPO Ӝ %PNFTUJDSFUBJM 6OJU.JMMJPOZFO %PO2VJKPUF /BHBTBLJZB 6%3FUBJM 6/: ': ': ': ': ': ': ': ': 2 2 $IBOHF 2 2 $IBOHF 2 2 $IBOHF 2 2 $IBOHF 4BMFT (SPTTQSPGJU (SPTTQSPGJUSBUJP 4(" 0QFSBUJOHQSPGJU 0QFSBUJOHQSPGJU SBUJP 5PUBM"TTFUT /FU"TTFUT Ӝ 0WFSTFBTSFUBJM Ӝ /PO SFUBJM 6OJU.JM
Slide 23: Segment Information by business
24FHNFOU*OGPSNBUJPOCZCVTJOFTT Ӝ 4FHNFOUT0WFSWJFX<1FSJPE+VMZ ˊ 4FQUFNCFS > 6OJU.JMMJPOZFO %JTDPVOU 4UPSF (.4 5FOBOU 0UIFST 5PUBM "EKVTUNFOU $POTPMJEBUFE #VTJOFTT #VTJOFTT MFBTJOH &YUFSOBM 4BMFT *OUFS $PNQBOZ 4BMFT 5PUBM 4FHNFOU 1SPGJU Ӝ 4FHNFOUT0WFSWJFX<1FSJPE+VMZ ˊ 4FQUFNCFS > 6OJU.JMMJPOZFO %JT
Slide 24: Overview of results by consolidated businesses
0WFSWJFXPGSFTVMUTCZDPOTPMJEBUFECVTJOFTTFT <1FSJPE+VMZ ˊ 4FQUFNCFS > 6OJU.JMMJPOZFO NPOUITFOEFE4FQ NPOUITFOEFE4FQ "DUVBM 3BUJP "DUVBM 3BUJP :P: %JTDPVOUTUPSFCVTJOFTT )PNFFMFDUSJDBMBQQMJBODFT .JTDFMMBOFPVTIPVTFIPMEHPPET 'PPEQSPEVDUT 8BUDIFTBOEGBTIJPONFSDIBOEJTF 4QPSUJOHHPPETBOEMFJTVSFHPPET /PSUI "NFSJ
Slide 25: Breakdown of SG&A
#SFBLEPXOPG4(" <1FSJPE+VMZ ˊ 4FQUFNCFS > "DDPVOUJOH 1FSJPE 6OJU.JMMJPOZFO NPOUITFOEFE4FQ NPOUITFOEFE4FQ "DUVBM 3BUJP "DUVBM 3BUJP :P: 4(" 4BMBSJFTBOEBMMPXBODFT 3FOU $PNNJTTJPOQBJE %FQSFDJBUJPO 0UIFS 11*) IBTBQQMJFEUIFˑ"DDPVOUJOH4UBOEBSEGPS3FWFOVF3FDPHOJUJPO˒ "4#+4UBUFNFOU/P .BSDI FUDFGGFDUJWFGSPNUIF
Slide 26: Store openings in FY2023
4UPSFPQFOJOHTJO': 2 2 2 2 #VTJOFTT #VTJOFTT GPSNBU 'VMM:FBS5BSHFU +VM "VH 4FQ 0DU /PW %FD +BO 'FC .BS "QS .BZ +VO ,JUB4FOKZV *OBHF 8FTU&YJU /BHBOVNB 5PLZP $IJCB ,JOTIJDIP %2 /BOBP *TIJLBXB /PSUI&YJU 5PLZP 0QFOJOH TUPSFT ē %JTDPVOU ,PTIJ ,VNBNPUP 3FOPWBUJPO .&(" .BUTVOBHB TUPSFT ē )JSPTIJNB 4IJO "1*5
Slide 27: No. of stores by format
4UPSFOFUXPSL /PPGTUPSFTCZGPSNBU No. of stores by corporation ': ': ': ': ': ': 2 2 %PO2VJKPUF %PO2VJKPUF .&(" /BHBTBLJZB /FX.&(" 6%3FUBJM .&("%PO2VJKPUF 6/: 6/: "1*5"1JBHP -JMBD 1JDBTTPFUD %BJTIJO 5BDIJCBOB%FQU4UPSF /BHBTBLJZB FUD %PNFTUJDUPUBM 0WFSTFBT %264" ."36,"* %0/%0/%0/,* %0/%0/ %0/,* 5.51MB[
Slide 28: IR Inquiries, IR Calendar, Cautionary information
*3JOGPSNBUJPO *3JORVJSJFT 1BO1BDJGJD*OUFSOBUJPOBM)PMEJOHT$PSQPSBUJPO *3%FQBSUNFOU "PCBEBJ .FHVSPLV 5PLZP 5&- '"9 FNBJMJS!QQJIDPKQ *3$BMFOEBS "OOPVODFNFOUPG2SFTVMUTGPSUIFGJTDBMZFBSFOEJOH+VOF 4DIFEVMFE %BUFPGBOOPVODFNFOU'FCSVBSZ 5IVSTEBZ 7FOVF5#% $BVUJPOBSZJOGPSNBUJPOSFHBSEJOHGPSXBSEMPPLJOHTUBUFNFOUT
Slide 29: memo
NFNP
Slide 30: "PCBEBJ .FHVSPLV 5PLZP 5&-'"9FNBJMJS!QQJIDPKQ IUUQTQQ…
"PCBEBJ .FHVSPLV 5PLZP 5&-'"9FNBJMJS!QQJIDPKQ IUUQTQQJIDPKQ
Pan Pacific International Holdings — Q1 FY2023 Earnings Presentation on 6ix