Cp All Public Company Limited · SET:CPALL
Cp All Public — Q1 2025 Earnings Presentation
24 slides from Cp All Public's earnings presentation, May 14, 2025
Slide 1: 1Q25 CPALL Business and Performance Briefing
1Q25 CPALL Business and Performance Briefing ร้านยา เอ็กซ์ต้า พลัส May 14, 2025 1
Slide 2: Financial Highlights 1Q25
Financial Highlights 1Q25 Another remarkable milestone achieved Consolidated Performance Total Revenue Net Profit GP Margin EBIT Margin 252,881 7,585 22.8 5.7 Millions Baht Millions Baht Percent Percent +4.8% +20.0% +7.5% +11.7% amount growth amount growth Company Only Performance Total Revenue Net
Slide 3: Business Segment Performance
Business Segment Performance CVS & Others and Grocery Wholesaling and Retailing 1Q25 Revenue contribution before elimination CPAXT Sales Services Wholesale 69,926 821 Millions Baht Millions Baht +3.1% -37.0% Sales Services 54,823 3,730 Retail Millions Baht Millions Baht 1Q25 EBT contribution before
Slide 4: Store Types Breakdown
Store Types Breakdown Ongoing store expansion BKK & Suburban / Provincial Corporate / Store Business Partner & Sub-area (Unit: Stores) (Unit: Stores) 58% 49% 42% 51% Stand-alone / In PTT gas station Store Expansion (Unit: Stores) 14% 2021 2022 2023 2024 +702 +704 +707 +700 86% 1Q25 +185 4
Slide 5: International Expansion in 2025
International Expansion in 2025 Continuity of heartwarming welcome 15 Stores (+5) 15,430 Stores (+185) 116 Stores (+4) 5
Slide 6: Same Store Sales Growth
Same Store Sales Growth Continued delivering positive SSSG, maintaining strong sales SSSG (%) Average daily sales / store (Baht) 2021 2022 2023 2024 -6.7% +15.9% +5.5% +3.8% 1Q25 +3.0% Spending per ticket (Baht) No. of customer/store/day (customers) 6
Slide 7: CVS: Offline to Online (O2O)
CVS: Offline to Online (O2O) Represent a strong journey with continuously positive response O2O contribution (2021-1Q25) 11% 11% 11% 10% 8% 2021 2022 2023 2024 1Q25
Slide 8: Product Sales Mix and Gross Margin
Product Sales Mix and Gross Margin Managing product mix to enhance margin Product Sales Mix Personal Care Household & Others Cigarette Food Services i.e. RTE Processed Food Beverage Product Margin Non-foods Total Products Foods 8
Slide 9: SG&A Expenses
SG&A Expenses Leverage fixed cost to enhance cost control efficiency Consolidated SG&A Expense (Unit: Million Baht) +5.2% YoY Others Utilities Advertising Store MGT Fee Rental and D&A Personnel 1Q25 : 48,951 MB Company Only SG&A Expense (Unit: Million Baht) +6.4% YoY Others Utilities Advertising Sto
Slide 10: Profitability Ratios – Consolidated
Profitability Ratios – Consolidated Demonstrate a journey marked by resilient recovery Gross Profit (Sales & Services) EBIT (Unit: Million Baht) +7.5% YoY (Unit: Million Baht) +11.7% YoY EBITDA Net Profit (Unit: Million Baht) +7.6% YoY (Unit: Million Baht) +20.0% YoY 10
Slide 11: Profitability Ratios – Company Only
Profitability Ratios – Company Only Demonstrate a journey marked by resilient recovery Gross Profit (Sales & Services) EBIT (Unit: Million Baht) +10.3% YoY (Unit: Million Baht) +4.2% YoY EBITDA Net Profit (Unit: Million Baht) +4.1% YoY (Unit: Million Baht) +3.0% YoY 11
Slide 12: Leverage Ratios
Leverage Ratios Preserved solid financial ground Cash& Cash equivalent Interest • As of 31 March 2025, CPALL reported bearing debt consolidated interest bearing debt at amount of Baht 311,026 million. Other Other • Net debt to adjusted equity was at 0.76x assets liabilities vs bond covenant at 2.0x.
Slide 13: Working Capital
Working Capital Negative cash cycle days Consolidated Cash Cycle Days CVS Cash Cycle Days (Unit: Days) (Unit: Days) 13
Slide 14: 7-Eleven expansion and CAPEX plan
7-Eleven expansion and CAPEX plan Continuity of store expansion along with efficient budget 2025 CVS Projected CAPEX 7-Eleven Stores Expansion Stores MB ▪ Stores expansion 3,800 – 4,600 • Thailand 700 ▪ Stores renovation 2,900 – 3,500 • Cambodia >10 ▪ Investment in new projects, subsidiaries & DC 4,
Slide 15: Q&A Thank you
Q&A Thank you 15
Slide 16: Consolidated Financial Statement: Balance Sheet
Consolidated Financial Statement Balance Sheet 2021 2022 2023 2024 1Q24 1Q25 Unit : Million Baht Cash & Cash equivalent 97,134 71,424 67,234 54,613 56,413 48,994 Inventory 50,535 58,183 57,501 61,269 59,269 62,373 Fixed assets 257,022 257,540 258,326 273,272 261,390 273,150 Right of use assets 77,26
Slide 17: Consolidated Financial Statement: Income Statement
Consolidated Financial Statement Income Statement 2021 2022 2023 2024 1Q24 1Q25 Unit : Million Baht Revenue from Sales & Services 565,060 829,099 895,281 958,998 234,315 245,798 Other Income 22,469 23,506 25,906 28,796 6,991 7,083 Total revenue 587,530 852,605 921,187 987,794 241,307 252,881 Cost of
Slide 18: Consolidated Financial Statement: Financial Ratios
Consolidated Financial Statement Financial Ratios 2021 2022 2023 2024 1Q24 1Q25 Gross margin (sales & service) 21.3% 21.5% 21.9% 22.6% 22.3% 22.8% Operating margin 4.3% 4.3% 4.7% 5.2% 5.3% 5.7% EBITDA margin 8.5% 8.6% 8.6% 9.0% 9.1% 9.3% Net margin 2.2% 1.6% 2.0% 2.6% 2.6% 3.0% ROAA 1.8% 1.4% 2.0% 2
Slide 19: Company Only Financial Statement: Balance Sheet
Company Only Financial Statement Balance Sheet 2021 2022 2023 2024 1Q24 1Q25 Unit : Million Baht Cash & Cash equivalent 19,457 20,995 25,955 24,149 25,211 27,693 Inventory 16,316 18,007 19,339 22,123 19,634 21,725 Fixed assets 40,782 43,454 46,569 48,075 46,608 48,106 Right of use assets 38,727 43,5
Slide 20: Company Only Financial Statement: Income Statement
Company Only Financial Statement Income Statement 2021 2022 2023 2024 1Q24 1Q25 Unit : Million Baht Revenue from Sales & Services 290,228 354,973 399,558 439,787 105,861 113,970 Other Income 30,207 27,517 29,938 33,222 8,781 7,960 Total revenue 320,435 382,490 429,496 473,009 114,642 121,930 Cost of
Slide 21: Company Only Financial Statement: Financial Ratios
Company Only Financial Statement Financial Ratios 2021 2022 2023 2024 1Q24 1Q25 Gross margin (sales & service) (%) 27.4% 27.4% 28.2% 29.0% 28.7% 29.4% Operating margin (%) 6.0% 5.6% 6.2% 7.1% 8.1% 8.0% EBITDA margin (%) 11.0% 9.9% 10.1% 10.8% 11.8% 11.6% Net margin (%) 2.8% 3.0% 3.6% 4.6% 5.4% 5.2%
Slide 22: ESG: Progress Towards 2030 Sustainability Goals
ESG: Progress Towards 2030 Sustainability Goals for Phase 2 in 2021-2030 Significant material topics in 2024 Governance and Economic Environmental Dimension Social Dimension Dimension 7 Go Green 7 Go Together 7 Go Right 2024 2024 2024 Topic Goal Performance Topic Goal Performance Topic Goal Performa
Slide 23: Major Shareholders and Dividend Payment
Major Shareholders (as of Mar 12, 2025) Price (May 2, 2025) : Bt 51.25 - CPG 35.9% Hi/Low (12-month) : Bt 68.00/ 46.75 per share - Thai NVDR 13.2% Avg. daily turnover : 1,864 MB - Social Security Office 3.1% - South East Asia UK 3.0% No. of shares : 8,983,101,348 (Par Bt1.00) - State Street Europe L
Slide 24: Disclaimer
Disclaimer Items published on this presentation as IR information are intended to provide financial information or business information or etc. of CPALL. Some content may contain forward-looking statements, that based on management’s view upon the information currently available to us. These informa
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