Emperador Inc. · PSE:EMI
Emperador — Shareholder Meeting (May 2018)
18 slides from Emperador's shareholder meeting presentation, May 21, 2018
Slide 1: Emperador Inc. 2018 Annual Stockholders Meeting
7 EMPERADOR INC. 2018 ANNUAL STOCKHOLDERS MEETING MAY 21, 2018
Slide 2: Our Financials, Recent Developments, Key Takeaways
1 Our Financials 2 Ke Recent Developments 3 Key Takeaways
Slide 3: Financial History
Our Financials Financial History Revenues* (PHPm) Gross profit* & margin 16% 35% 34% 32% 37% 35% 43,645 41,018 42,656 31% CAGR 26% 15,023 14,621 29,865 32,009 13,679 23,594 22% 10,903 17,355 CAGR 8,210 9,225 4,445 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 EBITDARevenues &
Slide 4: Segment Breakdown
Our Financials Segment Breakdown Revenues Gross Profit EBITDA Net Income In PHP millions 2016 2017 2016 2017 2016 2017 2016 2017 Brandy 30,025 31,174 11,884 10,852 9,790 8,024 6,646 5,012 Scotch whisky 11,469 12,571 3,138 3,769 1,232 1,617 1,047 1,320 EMP* 41,018 42,656 15,023 14,621 11,023 9,641 7,
Slide 5: 1Q18 Performance Update
Our Financials 1Q18 Performance Update 1Q17 1Q18 YoY Commentary Flat brandy offset by Scotch Revenues (PHPm) 8,979 9,744 8.5% whisky growth Gross profit (PHPm) 3,047 3,251 6.7% 35% margin for brandy, 35% margin for Scotch whisky Gross profit margin (%) 34.0% 34.9% EBITDA (PHPm) 2,149 2,414 12.4% 27%
Slide 6: Latest Financial Performance
Our Financials Latest Financial Performance Revenues (PHPm) Gross profit & margin 42,656 34.6% 34.0% 34.9% 14,621 8.5% 8,979 9,744 6.7% 3,047 3,251 FY2017 1Q2017 1Q2018 FY2017 1Q2017 1Q2018 EBITDA & margin Net income & margin 23.9% 24.8% 16.7% 17.1% 22.6% 14.8% 9,641 6,332 12.4% 10.9% 2,149 2,414 1,
Slide 7: Segment Breakdown
Our Financials Segment Breakdown Revenues Gross Profit EBITDA Net Income In PHP millions 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 Brandy 6,626 7,012 2,319 2,290 1,801 1,908 1,196 1,207 Whisky 2,519 2,847 728 961 348 507 302 454 EMP 8,979 9,744 3,047 3,251 2,149 2,414 1,498 1,661 (consolidated) *Net o
Slide 8: Robust Capital Position
Our Financials Robust Capital Position Solid Capital Position Net Debt to (PHPm) Cash Debt Net Debt Equity Commentary Slight improvement from end-2017 1Q18 10,717 39,338 28,621 46% due to higher cash Additional borrowings to fund 2017 10,162 38,150 27,987 48% investments 10,162 32,922 22,760 38% Ex
Slide 9: WMG Under EMP Inc.'s Tutelage: Revenue Mix
Our Financials Robust Capital Position WMG Under EMP Inc.’s Tutelage Revenue Mix 10% 14% 11% 30% 13% 12% 18% 17% 77% 77% 67% 53% 2011-2014 2015 2016 2017 Branded Business Private Label Bulk 9
Slide 10: WMG Under EMP Inc.'s Tutelage: Branded Business Breakdown
Our Financials Robust Capital Position WMG Under EMP Inc.’s Tutelage Branded Business Breakdown 11% 12% 18% 20% 9% 9% 2% 4% 14% 16% 7% 12% 78% 76% 61% 53% 2014 2015 2016 2017 EMEA Asia & Pacific Americas Travel Retail 10
Slide 11: WMG Under EMP Inc.'s Tutelage: Gross Profit Margin
Our Financials Robust Capital Position WMG Under EMP Inc.’s Tutelage Gross Profit Margin 34.5% 30.1% 27.6% 18.1% 19.7% 2014 2015 2016 2017 1Q18 11
Slide 12: Recent Developments
1 Our Financials 2 Recent Developments 3Ke Key Takeaways
Slide 13: Fundador Cafe
Recent Developments Fundador Cafe A 50 sq.m. grab-and-go “booze shop cafe”, that woo millennials with cocktails and spiked coffee and cupcakes. Coffee, cocktails and sweets 13
Slide 14: Dalmore's Visual Identity
Recent Developments Dalmore’s Visual Identity Dalmore’s brand positioning with the introduction of new visual merchandising standards in Middle East and China Flagship store at Taoyuan International Airport Dubai Duty Free Guangzhou Airport 14
Slide 15: Shackleton Blended Scotch Whisky
Recent Developments Shackleton Blended Scotch Whisky One of the 2018 initiatives in the Philippines is the launch of Shackleton Blended Malt Scotch Whisky. Shackleton Blended Malt combines select Highland Single Malts to capture the spirit of the original whisky commissioned by British explorer Sir
Slide 16: Key Takeaways
1 Our Financials 2 Recent Developments 3 Key Takeaways
Slide 17: Key Takeaways
Key Takeaways Dominance, Premiumization, Profitability Future-proofing dominance Premiumization Profitability We want to We are best We want margin secure our positioned to do sustainability dominance in premiumization and stability. Philippine liquor in the Philippines. while making a dent on globa
Slide 18: End of Presentation
N END OF PRESENTATION