Parkson Retail Asia Limited · SGX:O9E
Parkson Retail Asia — Q3 2017 Earnings Presentation
23 slides from Parkson Retail Asia's earnings presentation, May 9, 2017
Slide 1: Financial Results For Q3 FY2017
Parkson Retail Asia Limited Financial Results For Q3 FY2017 9 May 2017
Slide 2: Disclaimer
2 Disclaimer This presentation is to provide general background information of Parkson Retail Asia Limited (the “Company”). The information provided is in summary form and no representation or warranty, express or implied is made and no reliance should be placed on the fairness and completeness of t
Slide 3: Contents
3 Contents 1. Financial Highlights Same store sales growth Financial overview Segmental pre-tax results 5-year gross sales proceeds and revenue 5-year EBITDA and net profit 2. Operational Highlights Merchandise sales mix Merchandise sales by segment 5-year merchandise gross margin
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Same Store Sales Growth (SSSG)
5 Same Store Sales Growth (SSSG) Quarter ended 9 months ended 31.03.2017 31.03.2016 31.03.2017 31.03.2016 Malaysia -1.4% -17.4% -1.0% -13.5% Vietnam -18.2% -8.2% -13.4% -2.6% Indonesia -1.4% 0.1% -5.8% 3.8% Myanmar -11.2% -7.6% -26.4% -2.6% Malaysia • Consumer sentiment index reported by MIER1 remai
Slide 6: Financial Overview
6 Financial Overview S$’000 Quarter ended 9 months ended 31.03.2017 31.03.2016 VAR % 31.03.2017 31.03.2016 VAR % Gross Sales 235,388 245,323 (4.0) 719,496 735,599 (2.2) Proceeds (“GSP”) Revenue 98,649 98,415 0.2 303,125 294,557 2.9 Operational results EBITDA* (2,172) (2,031) 6.9 3,303 16,518 (80.0)
Slide 7: Segmental Pre-tax Results
7 Segmental Pre-tax Results S$’000 Malaysia Vietnam Indonesia Myanmar Others Group 9MFY2017 Same store 5,982 (3,019) (6,464) (356) - (3,857) New/closed stores (5,061) - (2,818) (61) - (7,940) Retailing 921 (3,019) (9,282) (417) - (11,797) Other businesses - - - - (3,415) (3,415) Investment - - - - (
Slide 8: Segmental Pre-tax Results (Cont'd)
8 Segmental Pre-tax Results (Cont’d) S$’000 Malaysia Vietnam Indonesia Myanmar Others Group 9MFY2016 Same store 15,037 (4,905) (3,893) (1,024) - 5,215 New/closed stores (781) (317) - 110 - (988) Retailing 14,256 (5,222) (3,893) (914) - 4,227 Other businesses - - - - (940) (940) Investment - - - - (8
Slide 9: 5-Year Gross Sales Proceeds and Revenue
9 5-Year Gross Sales Proceeds and Revenue Overall top line growth (S$ million) 1,200 1,109 1,055 1,078 1,077 1,000 968 800 736 719 600 433 447 432 429 388 400 303 295 200 - FY2012 FY2013 FY2014 FY2015 FY2016 9M FY2016 9M FY2017 GSP Revenue
Slide 10: 5-Year Profit Margins - EBITDA
10 5-Year Profit Margins - EBITDA EBITDA EBITDA margin 100 25.0% 21.2% 80 75 20.0% 16.8% 66 60 62 14.8% 60 54 15.0% 14.7% 13.8% 40 10.0% 20 5.0% 3 -6.0% 1.1% (26) - 0.0% FY2012 FY2013 FY2014 FY2015 FY2016 9M 9M FY2012 FY2013 FY2014 FY2015 FY2016 9M 9M FY2016 FY2017 FY2016 FY2017 (20) -5.0% (40) -10.
Slide 11: 5-Year Profit Margins - Net profit
11 5-Year Profit Margins - Net profit/(loss) attributable to owners of the Company Net profit Net profit margin 50 20.0% 45 45 39 40 15.3% 34 30 15.0% 30 10.3% 20 10.0% 8.6% 8.0% 7.8% 10 5.0% (35) (16) - FY2012 FY2013 FY2014 FY2015 FY2016 9M 9M FY2016 FY2017 -8.1% -5.4% (10) 0.0% FY2012 FY2013 FY201
Slide 12: Operational highlights
Operational highlights
Slide 13: Merchandise sales mix
13 Merchandise sales mix 9MFY2016 9MFY2017 Direct sales Direct sales 19% 23% Concessionaire Concessionaire sales sales 77% 81%
Slide 14: Merchandise sales by segment
14 Merchandise sales by segment 9MFY2016 9MFY2017 Groceries and perishables Groceries and perishables 4% 4% Household, Household, electrical goods electrical goods and others and others 14% 14% Fashion & Fashion & Apparel Apparel 52% 54% Cosmetics & Cosmetics & Accessories Accessories 28% 30%
Slide 15: 5-Year Merchandise Gross Margin
15 5-Year Merchandise Gross Margin Merchandise gross margin (including both direct sales and concessionaire sales) 23.4% 22.7% 23.8% 24.0% 23.7% 23.7% 22.6% 247 248 253 243 228 172 168 FY2012 FY2013 FY2014 FY2015 FY2016 9M 9M FY2016 FY2017 Merchandise gross profit (S$m)
Slide 16: Geographic Footprint
16 Geographic Footprint - department stores Malaysia Number of stores1: 45 PRA’s department GFA: 527,000 sqm store network comprised 70 stores as Vietnam at 31 March 2017, Number of stores1: 7 spanning approx. GFA: 128,000 sqm 809,000 sqm of GFA. Indonesia Number of stores1: 17 GFA:150,000 sqm Myanm
Slide 17: Expansion plan
Expansion plan 17
Slide 18: Expansion Plan
18 Expansion Plan - department store openings in FY2017/2018 Location FY2017 Approx. GFA Location FY2018 Approx. GFA Malaysia (sq.m) Malaysia (sq.m) 1. MyTown, Kuala Lumpur* 13,952 1. Kuantan City Mall, Kuantan (Q1FY2018)^ 12,261 2. Sunway Velocity, Kuala Lumpur* 12,441 2. Evo Shopping Mall, Bangi (
Slide 19: Appendix: Store count and Gross Floor Area
Appendix: Store count and Gross Floor Area 19
Slide 20: Store Count and Gross Floor Area
20 Store Count and Gross Floor Area (“GFA”) - department stores 31.03.2017 30.06.2016 Openings Closures Change Malaysia1 45 44 2 (1) 1 GFA (sqm) 527,000 518,000 Vietnam2 7 8 - (1) (1) GFA (sqm) 128,000 141,000 Indonesia3 17 16 2 (1) 1 GFA (sqm) 150,000 158,000 Myanmar 1 1 1 (1) - GFA (sqm) 4,000 4,0
Slide 21: Store Count and Gross Floor Area (cont'd)
21 Store Count and Gross Floor Area (“GFA”) - department stores (cont’d) Summary of department store openings / Country Commenced / closures ceased operation Openings - Sunway Velocity, Kuala Lumpur Malaysia Dec 2016 - MyTown, Kuala Lumpur Malaysia Mar 2017 - Parkson Gourmet Mart, Jakarta Indonesia
Slide 22: Store Count and Gross Floor Area - other retail outlets
22 Store Count and Gross Floor Area (“GFA”) - other retail outlets Malaysia 31.03.2017 30.06.2016 Openings Closures Change Shoes Gallery / Homes 3 2 1 - 1 GFA (sqm) 15,000 12,000 LOL outlets1 11 5 6 - 6 GFA (sqm) 7,100 4,400 Korean brands outlets2 2 - 2 - 2 GFA (sqm) 3,200 - MDS outlet 1 - 1 - 1 GFA
Slide 23: Thank You
THANK YOU