Metro Retail Stores Group, Inc. · PSE:MRSGI
Metro Retail Stores — Q3 2024 Earnings Presentation
33 slides from Metro Retail Stores's earnings presentation, Nov 21, 2024
Slide 1: 3Q & 9M 2024 Earnings Call and Analysts' Briefing
3Q & 9M 2024 Earnings Call and Analysts’ Briefing 21 November 2024
Slide 2: Presenters
Presenters Mr. Arnold M. Leoncio Mr. Joselito G. Orense Vice President for Business Development Treasurer and and Investor Relations Chief Finance Officer
Slide 3: General rules
General rules 1. Please note that this call will be recorded. Recording of this Earnings Call will be shared upon request. 2. This Earnings Call will run for about half an hour with the first part allotted for a presentation and the second part for the Q&A. 3. Participants other than the speakers wi
Slide 4: 9M 2024 Financial and Operational Highlights
9M 2024 Financial and Operational Highlights Net sales increased by Gross profit increased by vs. historical financials As of 30 September 2024 3.8% 0.9% 25.28 Net sales (PhP billions) 26.55 26.54 27.56 Market capitalization PhP3.89B to PhP27.56 billion to PhP5.80 billion 22.22 21.32 Share price EBI
Slide 5: Results of operations | Sales
Results of operations | Sales Net sales (in PhP billion) Share to Business (in % of net sales) 3.8% 27.56 26.54 Department store 22% 0.0% PhP27.6B 9.56 9.56 Net sales Supermarket Hypermarket 55% 23% 3Q 2023 3Q 2024 9M 2023 9M 2024 Net sales recorded a 3.8% growth – modest but sustained contributio
Slide 6: Results of operations | Margin and Opex
Results of operations | Margin and Opex Gross margin (in PhP billion) Operating expenses (in PhP billion) 0.9% 2.6% 5.75 5.80 5.44 5.58 21.7% 21.0% 20.2% 20.5% 3.0% 3.2% 2.02 2.08 1.93 1.87 21.1% 21.8% 19.6% 20.2% 3Q 2023 3Q 2024 9M 2023 9M 2024 3Q 2023 3Q 2024 9M 2023 9M 2024 For the first nine m
Slide 7: Results of operations | EBITDA and Net Income
Results of operations | EBITDA and Net Income EBITDA (in PhP million) Net Income (in PhP million) 0.6% 1,287 1,295 4.8% 4.7% 2.5% -19.6% 484 496 -11.4% 254.57 5.1% 5.2% 204.70 117.72 254.57 1.0% 204.70 104.25 0.7% 117.72 104.25 1.2% 1.1% 3Q 2023 3Q 2024 9M 2023 9M 2024 3Q 2023 3Q 2024 9M 2023 9M 202
Slide 8: Results of operations | Comparable store sales
Results of operations | Comparable store sales Blended comparable sales slightly improved year to date Blended Comparable Sales (in PhP billion) 1.5% 26.47 26.86 -2.6% 9.50 9.25 3Q 2023 3Q 2024 9M 2023 9M 2024 Blended same-store sales growth posted at 1.5% for the first nine months of 2024. Same
Slide 9: Results of operations | Comparable store sales by format
Results of operations | Comparable store sales By format Supermarket Department Store Hypermarket (in PhP billion) (in PhP billion) (in PhP billion) 1.3% 14.22 14.40 -1.0% 4.4% -1.4% 6.10 6.04 6.15 6.42 4.93 4.86 -4.7% -3.1% 2.33 2.22 2.24 2.17 3Q 2023 3Q 2024 9M 2023 9M 2024 3Q 2023 3Q 2024 9M 2023
Slide 10: MRSGI existing store network
MRSGI existing store network Geographical composition of store network (as of 20 November 2024) NCR 10 70 Luzon 12 Visayas stores 48 Supermarket Department Store Hypermarket NCR 7 NCR 3 NCR - Luzon 5 Luzon 4 Luzon 3 Visayas 30 Visayas 9 Visayas 9 Total 42 Total 16 Total 12
Slide 11: Opening of Metro Catbalogan
MRSGI network expansion: Opening of Metro Catbalogan (Supermarket and Department store) | Aug and Oct 2024 GFA: ~12,000 11
Slide 12: Opening of Metro Hinigaran
MRSGI network expansion: Opening of Metro Hinigaran (Supermarket and Home) | Oct 2024 GFA: ~6,500 12
Slide 13: Opening of two Metro Value Mart in Talisay City, Cebu
MRSGI network expansion: Opening of two Metro Value Mart in Talisay City, Cebu | Q3 2024 Metro Value Mart opened in Jan 2024 Metro Value Mart opened in Q3 2024 Metro Value Mart Gun-ob Metro Value Mart Tangke Metro Value Mart Poblacion Lapu-lapu City, Cebu Brgy. Tangke, Talisay City, Cebu Brgy. Pobla
Slide 14: Recently opened Metro Value Mart in Lapu-lapu City
MRSGI network expansion: Recently opened Metro Value Mart in Lapu-lapu City, Cebu | Nov 2024 Metro Value Mart Marigondon Lapu-lapu City, Cebu
Slide 15: First Metro Home Improvement store at Marquee Mall, Angeles
MRSGI network expansion: Launched its first Metro Home Improvement store at Marquee Mall, Angeles ______________ [July 2024] Metro Home Improvement store is designed to cater to homeowners and DIY enthusiasts. It offers a broad selection of hardware, lawn & garden, car care, pet care, appliances, el
Slide 16: Ongoing construction
MRSGI network expansion: Ongoing construction Metro Supermarket and Department Store Metro Supermarket and Department Store Naval, Biliran Bais, Negros Oriental Metro Supermarket Metro Value Mart Liloan, Cebu Talisay, Cebu 16
Slide 17: Recent events | More Metro Retail Stores gain DTI Gold Bagwis Awards
Recent events | More Metro Retail Stores gain DTI Gold Bagwis Awards Received an additional 3 awards, bringing the total to 13 year-to-date store additions MRSGI recently honored with additional three (3) DTI Bagwis Awards for Excellence (+13 year-to-date) This recognition highlights MRSGI’s unwaver
Slide 18: Metro Retail earns first Golden Arrow for corporate governance
Recent events | Metro Retail earns first Golden Arrow for excellence in corporate governance The Company has received its first Golden Arrow from the Institute of Corporate Directors (ICD). Metro Retail Stores Group, Inc. (MRSGI) has received its first Golden Arrow from ICD, a recognition that refle
Slide 19: Key financial indicators
Key financial indicators Currency: PhP million 2016 2017 2018 2019 2020 2021 2022 2023 9M 2024 Financial highlights Net sales 34,411 35,016 33,050 36,790 31,286 31,211 38,102 38,272 27,559 EBITDA 1,547 1,877 1,781 2,785 1,273 1,220 2,680 2,167 1,295 Net income 789 977 965 776 (450) (318) 917 618 205
Slide 20: MRSGI's Strategy
MRSGI’s Strategy 3Q & 9M 2024 Earnings Call and Analysts’ Briefing 20 21 November 2024
Slide 21: MRSGI's Five Strategy Pillars
MRSGI’s Five Strategy Pillars Sustainable Growth Operational Excellence Channel Expansion Margin Enhancement Organizational Development
Slide 22: Q&A
Q&A 3Q & 9M 2024 Earnings Call and Analysts’ Briefing 22 21 November 2024
Slide 23: Investor Relations Office
Investor Relations Office Mr. Arnold M. Leoncio VP for Business Development and Investor Relations email: arnold.leoncio@metroretail.ph 23
Slide 24: Thank you!
Thank you! Visit us at: www.metroretail.com.ph shopmetro.ph Like/Follow us on: facebook.com/TheMetroStores @TheMetroStores @themetrostores.ph Connect with us on: linkedin.com/company/metro-retail-stores-group/ 24
Slide 25: Annex: Financial Statements
Annex: Financial Statements 3Q & 9M 2024 Earnings Call and Analysts’ Briefing 25 21 November 2024
Slide 26: Statement of Comprehensive Income (1/2)
Statement of Comprehensive Income (1/2) 26
Slide 27: Statement of Comprehensive Income (2/2)
Statement of Comprehensive Income (2/2) 27
Slide 28: Statement of Financial Position (1/2)
Statement of Financial Position (1/2) 28
Slide 29: Statement of Financial Position (2/2)
Statement of Financial Position (2/2) 29
Slide 30: Statement of Cash Flows (1/2)
Statement of Cash Flows (1/2) 30
Slide 31: Statement of Cash Flows (2/2)
Statement of Cash Flows (2/2) 31
Slide 32: Press Release
32 ETRO MEDIA RELEASE eee November 18, 2024 ‘Motro Retail posts PhP204.7 million net income for first nine months of 2024 15 November 2024, Manila, Philippines - Metro Retai Stores Group, Inc. (MRSGI) achieves (Grow! of 4.2% in nat sales for the fist rine months of 2024 at PhP2T 6 bilion versus PHP2
Slide 33: Disclaimer
Disclaimer The materials and figures in this presentation and other documents are for informational purposes only and are not, in any way, a form of solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. Information
Metro Retail Stores Group — Q3 2024 Earnings Presentation on 6ix