Wilcon Depot, Inc. · PSE:WLCON
Wilcon Depot — Q1 2021 Earnings Presentation
15 slides from Wilcon Depot's earnings presentation, May 2021
Slide 1: 1Q2021 Earnings Conference
1Q2021 Earnings Conference BUILDING BIG
Slide 2: 1Q21 Results Highlights
1Q21 Results Highlights Financial Highlights Comparable Sales Summary Php 595M CAPEX ✓ Php 6.676B Net Sales 9.8% SSSG Opened 2 new stores ✓ 19.4% yoy Sales Growth 12.9% Transaction Count - Albay and Commonwealth ✓ 36.3% GPM -2.7% Ticket Size 50 65 stores ✓ Php 604M NIAT Total Sales Mix ✓ 84.0% yoy i
Slide 3: Financial and Operating Results
Financial and Operating Results
Slide 4: Total Net Sales Breakdown - 1Q2021
Total Net Sales Breakdown -1Q2021 PhP Millions Home 1Q2021 Projects , Home 1Q2020 Essentials , Essentials , Projects , 48, 0.7% 140, 2.1% 19.4% 137, 2.5% 79, 1.4% Depots , Depots , 5,375, 96.1% 6,488, 97.2% Sales Growth per Store Format Product Category Performance 1Q2021 VS 1Q2020 1Q2021 VS 1Q2020
Slide 5: Comparable Sales Summary
Comparable Sales Summary SSSG Excluding Inst’l/ Projects Sales • 1Q21 = 10.5% FY2020 = -13.1% Quarterly Trend • 1Q20 = -8.3% Yearly Trend 9.8% 5.2% 8.0% 0.4% 1Q21 1Q20 2Q20 3Q20 4Q20 1Y20 1Y19 1Y18 -8.0% -0.5% -13.6% -47.6% Comparable Sales per Format 1Q2021 vs 1QQ2020 Comparable Ticket Size and Num
Slide 6: First Quarter 2021
First Quarter 2021 (In Php MM) 1Q2021 % Sales 1Q2020 % Sales % Growth Net Sales 6,676 100.0 5,591 100.0 19.4 Cost of Sales -4,254 -63.7 -3,700 -66.2 15.0 GPM increased to Gross Income 2,421 36.3 1,891 33.8 28.1 36.3% Operating Expenses -1,552 -23.2 -1,433 -25.6 8.3 Interest Exp (Lease Liab) -116 -1.
Slide 7: Balance Sheet
Balance Sheet (In Php MM) Unaudited Mar 31, 2021 Audited Dec 31, 2020 Current Assets 14,482 14,390 Noncurrent Assets 14,223 13,828 Total Assets 28,705 28,218 Current Liabilities 7,828 7,621 Noncurrent Liabilities 5,455 5,287 Total Liabilities 13,283 12,908 Capital Stock 4,100 4,100 Additional Paid-i
Slide 8: Historical Sales Growth
Historical Sales Growth SALES 24,476 22,629 21,041 17,748 15,965 14,450 13,596 11,862 5,591 6,676 2013 2014 2015 2016 2017 2018 2019 2020 1Q2021 Note: 2013 to 2015 – Pro-forma/Reviewed / 2016 – In-house Pro-forma / 2017 – Actual/Audited 8 Commercial operations under WDI commenced April 1, 2016
Slide 9: Margins
Margins GPM 36.3 33.4 34.4 31.4 29.7 PFRS 16 PAS 17 EBITDAM 15.4 13.1 EBITM 11.9 11.9 12.2 10.4 11.2 11.4 8.8 9.8 NPM 8.7 8.7 9.1 7.8 6.4 Y2017 Y2018 Y2019 Y2020 1Q2021 Note: ROU depreciation and interest expense charged on lease liability were considered as rent expense for 2019, 2020 and 2021.
Slide 10: Outlook
Outlook
Slide 11: 2020 - 2021 Store Expansion Plan
2020 - 2021 Store Expansion Plan 2021 Beg. balance 63 2020: 6 2021: 5 Makato, Aklan- opened Jan, 2021 Commonwealth, QC- opened Jan, 2021 1H Ormoc, Leyte 2021: 2 Cordon, Isabela Sorsogon Pila, Laguna 2021: 2 Tagum 2H Calapan, Mindoro Malaybalay, Bukidnon Total, end 72
Slide 12: 2021 Planned Capex
2021 Planned Capex 12M 2021 Capex Breakdown Budget Expansion-related 2,900 (new stores, renovations, eqpt, warehouses, etc) Solar Panel Project 215 IT Infrastructure and Project 85 Total CAPEX (in millions Php) 3,200 12
Slide 13: Continue to increase margins thru in-house & exclusive brands expansion
Continue to increase margins thru in- house & exclusive brands expansion 13
Slide 14: Thank you!
WILCON Thank you!
Slide 15: Disclaimer
Disclaimer This presentation does not constitute a prospectus or any kind of offering memorandum in whole or in part. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company. There shall be no sale of these securities in any state o