Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — H1 2018 Earnings Presentation
18 slides from Cosco Capital's earnings presentation, August 2018
Slide 1: Cosco Capital, Inc. 1H 2018 Financial Results
Cosco Capital, Inc. 1H 2018 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: Company Overview
Company Overview Lucio Co Family Public 73% 27% 51% 100% 100% Commercial Real Grocery Retailing Liquor Distribution Specialty Retailing Estate 90% • Ellimac Prime Holdings, Inc., • Fertuna Holdings Corp., • Patagonia Holdings 100% Corp., • Nation Realty, Inc. • NE Pacific Shopping Centers Corporatio
Slide 4: Revenue & Net Income Contribution 1H 2018
Revenue & Net Income Contribution 1H 2018 Revenues PATMI Liquor Distribution Real Estate Oil and Gas Specialty 4% 1% -4% retail 9% Specialty Retail 11% Liquor distribution Grocery 14% Grocery Retailing retailing 84% Real estate 59% 22% PHP 76.3 billion *PHP 4.2 billion *Net Income includes one-time
Slide 5: 1H 2018 Consolidated Financial Highlights
1H 2018 Consolidated Financial Highlights (In PHP millions) +15.5% +12.5% Revenues Gross Profit 40,000 38.0% 145,750 35,000 129,186 30,000 33.0% 116,752 24,322 25,000 19,964 21,912 11,056 12,433 28.0% 66,102 76,333 20,000 23.0% 15,000 17.1% 17.0% 16.7% 16.7% 16.3% 18.0% 10,000 5,000 13.0% 8.0% 2015
Slide 6: Grocery Retailing: 1H 2018 Financial Highlights
Grocery Retailing: 1H 2018 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +13.2% +11.7% 124,491 25,000 112,589 20,655 24. 97,172 20,000 18,538 22. 16,489 20. 64,025 15,000 9,397 10,499 18. 56,576 16. 10,000 17.0% 16.5% 16.6% 16.6% 16.4% 14. 5,000 12. 10. 8.0 2015 2016 2017 1
Slide 7: Grocery Retailing: Operational Highlights
Grocery Retailing: Operational Highlights • Puregold opened 15 new stores in 1H 2018 • S&R opened 2 new S&R warehouse and 4 new S&R QSR • As of 1H 2018, the Grocery Retailing segment is operating a total of 393 stores • SSSG PGOLD only is at 6.1% while S&R is at 5.9% • Merger and conversion of NE Bo
Slide 8: 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 9: Liquor Distribution: 1H 2018 Financial Highlights
Liquor Distribution: 1H 2018 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +48.8% 2,500 +44.5% 48.0% 43.0% 6,663 2,000 5,677 5,904 1,491 38.0% 1,500 1,299 1,344 836 33.0% 3,732 578 28.0% 1,000 2,508 23.0% 22.9% 22.8% 22.4% 23.1% 22.4% 18.0% 500 13.0% 8.0% 2015 2016 2017 1H
Slide 10: Liquor Distribution: Total Volume Sales
Liquor Distribution: Total Volume Sales • 44% growth in total volume of cases sold in 1H 2018 • Growth driven by the increase in Alfonso Light and Alfonso . Category 1H 2017 Mix % 1H 2018 Mix % Inc/Dec % Brandy 507,399 60% 858,597 71% 351,198 69% Other spirits 133,651 16% 168,680 14% 35,028 26% Wine
Slide 11: Liquigaz: 1H 2018 Financial Highlights
Liquigaz: 1H 2018 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +28% -6.9% 1,200 30.0 932 999 1,000 25.0 13,128 800 742 528 491 20.0 11,854 8,927 7,590 600 15.0 9.8% 5,929 400 8.3% 8.9% 10.0 7.6% 6.5% 200 5.0% 0.0% FY 2015 FY 2016 FY2017 1H 17 1H 18 FY 2015 FY 2016 FY2017 1
Slide 12: Liquigaz: Operational Highlights
Liquigaz: Operational Highlights LIQUIGAZ PHILIPPINES CORPORATION • 10.7% increase in total sales volume due to higher sales from wholesale and major clients in 1H 2018 • New terminal facility in Sairaya, Quezon to start full commercial operations in 2H 2018 Total Volume (mT) 423,151 393,989 448,406
Slide 13: Office Warehouse: 1H 2018 Financial Highlights
Office Warehouse: 1H 2018 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +15.1% +13.1% 600 80. 482 70. 1,825 500 417 234 265 60. 1,535 400 354 50. 1,302 300 40. 879 1,012 26.4% 200 27.2% 27.2% 26.7% 26.2% 30. 20. 100 10. 0.0 FY 2015 FY 2016 FY2017 1H 17 1H 18 FY 2015 FY 2016
Slide 14: Office Warehouse: Operational Highlights
Office Warehouse: Operational Highlights OFFICE WAREHOUSE, INC. • Strong growth driven by store expansion and enhanced product offerings • Office Warehouse opened 3 new store during 1H 2018 Y2015 Y2016 Y2017 1H 2017 1H 2018 No. Stores 59 71 82 73 85 Net selling area 11,036 sqm 14,014 sqm 15,945 sqm
Slide 15: Real Estate: 1H 2018 Financial Highlights
Real Estate: 1H 2018 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +7.6% +6.4% 1,600 80 1,464 1,404 1,400 1,228 75 2,423 2,326 1,200 715 2,197 672 70 1,000 800 65 1,129 1,216 60.4% 60.4% 600 58.8% 60 400 55.9% 55.3% 55 200 50 2015 2016 2017 1H 17 1H 18 2015 2016 2017 1H 17
Slide 16: Real Estate Group: Operational Highlights
Real Estate Group: Operational Highlights • Total of 53 commercial properties with 96% average occupancy rate • Pure Petroleum operating at 100% capacity in 2017 and 2016 (9 storage tanks with 88.5M liters capacity) Category 1H2018 FY2017 GLA/Lot Area in sq.m. Land under lease 10 9 158,123 Commercia
Slide 17: CAPEX Guidance for FY 2018
CAPEX Guidance for FY 2018 • CAPEX Budget of Php 5.55 billion in 2018 - Php 3.65 billion for Puregold Group - Php 1.5 billion for Real Estate Group - Php 300 million for Liquigaz - Php 100 million for Office Warehouse • To be funded by internally generated cash and short term untapped bank credit li
Slide 18: Thank you.
Thank you. www.coscocapital.com