Allhome Corp. · PSE:HOME
Allhome — FY2023 Earnings Presentation
14 slides from Allhome's earnings presentation, Apr 30, 2024
Slide 1: FY 2023 Results Briefing
FY 2023 Results Briefing April 30, 2024
Slide 2: FY 2023 Highlights
FY 2023 Highlights P12.1 B P27.96 B Revenue Total Assets P2.97 B 0.27x EBITDA Net Debt to Equity 24.6% MARGIN P4.58 B Gross Profit P15.92 B 38% GPM Total Equity 797 M Net Income
Slide 3: Income Statement
Income Statement IN PHP MILLIONS FY 2023 FY 2022 % Change Revenues 12,065 12,565 -4.0% Cost of Goods Sold 7,486 7,941 -6.0% Gross Profit 4,579 4,624 -1.0% Gross Profit Margin 38.0% 36.8% Other Income 222 255 -12.8% Operating Expenses 3,282 3,059 7.3% Operating Profit 1,518 1,818 -16.5% EBITDA 2,968
Slide 4: Financial Position
Financial Position IN PHP MILLIONS December 31, 2023 December 31, 2022 Current Assets 13,174 12,016 Noncurrent Assets 13,787 14,718 Total Assets 26,961 26,734 Current Liabilities 4,939 4,672 Noncurrent Liabilities 6,108 6,780 Total Liabilities 11,048 11,452 Capital Stock 3,750 3,750 Additional Paid-
Slide 5: Working Capital
Working Capital Inventory turnover Trade receivables turnover Trade payables turnover Days Days Days 339 9 9 315 51 47 262 42 40 248 5 5 2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023 - Slightly higher due to lower sales - Trade receivables days Fast moving items have 30-40 maintained a
Slide 6: Operational Highlights
Operational Highlights Same Store Sales Growth No. of transactions (‘000s) Average transaction size (PHP) 3,890 3,807 3,891 3,193 3,740 3,158 3,343 2022 2023 2022 2023 2022 2023 -4.7% -13.0%
Slide 7: Delivery of residential units and projected completions
Weak hard demand due to delayed completion of Residential Units in NCR +11,290 3,540 units units Recorded delivery of units in 2023 2024 Projected Completions • Earlier turnover forecasts were higher than the actual number of units due to the delay of projects • This is forecasted to ramp up with th
Slide 8: Sustained sales in soft categories resulted in shifting sales mix
Sustained sales in soft categories resulted in shifting sales mix Soft Categories and Hard Categories 2023 76% 24% 2022 72% 28% 2021 64% 36% 2020 62% 38% 2019 58% 42%
Slide 9: 2024 Year in Review
2024 Year in Review Branding Campaigns Brand Partnerships Vendor’s Night Contractor-focused Initiatives
Slide 10: 2024 Key Strategies
2024 Key Strategies Range rationalization on Inventory • Remove low-performing and inactive SKUs from ~250k down to ~150k Continuous implementation of Efficiency initiatives Improve in-store experience • AI-driven initiatives for loss- prevention and control • New generation store layout • Elevated
Slide 11: Our ESG Culture
Our ESG Culture Six key areas of focus as aligned with the UN Sustainable Development Goals Extensive buys of merchandise from Conversion to renewable energy different local suppliers sources has provided an estimated 8 to Job creation and employment 10 percent energy savings opportunities as
Slide 12: ESG Initiatives
ESG Initiatives PROJECT AKBAY PetBuddy Donation to PAWS AllHome, together with BS Interior Design students of the University of the Philippines - Diliman, has donated AllHome Builds, through PetBuddy appliances and some items to a child collaborated with the Philippine rehabilitation center in Quezo
Slide 13: Q&A
Q&A AllHome Website For Corporate www.allhome.com.ph Disclosures
Slide 14: Thank You!
Thank You!