John Keells Holdings PLC · CSELK:JKH.N0000
John Keells — Q1 2024/25 Earnings Presentation
24 slides from John Keells's earnings presentation, Aug 15, 2024
Slide 1: JKH Investor Presentation: Review of Q1 2024/25
JKH Investor Presentation Review of Q1 2024/25 15 August 2024 Version 3.0
Slide 2: EBITDA: For the quarter ended 30 June
EBITDA: For the quarter ended 30 June EBITDA* Q1 2024/25 Q1 2023/24 Variance Variance % (Rs. Million) Transportation 1,555 2,419 (864) (36) Consumer Foods 1,493 720 773 107 Retail 2,246 1,987 259 13 Leisure (794) 284 (1,078) (380) Property (67) 187 (254) (136) Financial Services 1,920 1,693 227 13 O
Slide 3: Quarterly EBITDA movement
Quarterly EBITDA movement EBITDA 2023/24 2024/25 (Rs. Million) Q1 Q2 Q3 Q4 Q1 Transportation 1,635* 1,700 2,327 2,328 1,555 Consumer Foods 720 1,237 897 2,157 1,493 Retail 1,987 1,983 2,390 2,407 2,246 Leisure 284 1,065 2,560 5,249 (794) Property 187 (435) 60 (634) (67) Financial Services 1,693 1,70
Slide 4: Quarterly movement of finance costs
Quarterly movement of finance costs Finance Costs Q1 Q4 Q3 Q2 Q1 (Rs. Million) 2024/25 2023/24 2023/24 2023/24 2023/24 Transportation 163 149 156 178 190 Consumer Foods 88 155 179 173 249 Retail 618 672 731 832 971 Leisure 1,947 (1,515)* 983 2,928 843 Property 25 29 34 27 31 Financial Services - - 0
Slide 5: PBT: For the quarter ended 30 June
PBT: For the quarter ended 30 June PBT Q1 2024/25 Q1 2023/24 Variance Variance (%) (Rs. Million) Transportation 1,330 2,032 (702) (35) Consumer Foods 1,076 152 924 609 Retail 831 413 418 101 Leisure (4,045) (1,655) (2,390) (144) Property (77) 330 (407) (123) Financial Services 1,893 1,692 201 12 Oth
Slide 6: Key financial indicators: For the quarter ended 30 June
Key financial indicators: For the quarter ended 30 June (Rs. Million) Q1 2024/25 Q4 2023/24 Q3 2023/24 Group debt* excl. leases and incl. convertible debenture 233,026 214,101 238,797 Group debt excl. leases and convertible debenture 222,417 203,899 218,063 Cash and cash equivalents 89,567 86,828 93
Slide 7: Overview of ESG initiatives
Overview of ESG initiatives ▪ The Group’s carbon footprint per million rupees of revenue decreased by 3% to 0.41 MT. o In absolute terms, the Group’s carbon footprint increased by 12% to 30,378 MT, primarily due to the increased operational activity in the Supermarket business and Consumer Foods ind
Slide 8: Transportation: Port of Colombo
Transportation: Port of Colombo Port of Colombo Port of Colombo Volumes 1,000 894 900 846 808 796 810 800 TEU'S 000 700 653 585 600 555 500 480 459 516 482 462 400 446 428 300 Q1 Q2 Q3 Q4 Q1 2023/24 2024/25 SAGT SLPA CICT *SLPA includes volumes of JCT and ECT terminals 8
Slide 9: WCT-1: Construction progress
WCT-1: Construction progress ▪ The construction work on the West Container Terminal (WCT-1) at the Port of Colombo is progressing well. ▪ The first batch of quay and yard cranes is expected to arrive in August 2024, following which the commissioning and automation is expected to be completed by Q3 2
Slide 10: Transportation: Q1 2024/25
Transportation: Q1 2024/25 Port Business (South Asia Gateway Terminal) Q1 Earnings Update: 2023/24 2024/25 Volumes (TEUs) Q1 Q1 Q1 Q2 Q3 Q4 Q1 (Rs. mn) 2024/25 2023/24 SAGT 445,515 482,255 427,922 462,379 516,373 EBITDA 1,555 2,419 Domestic: EBITDA excluding the deferred tax credit at SAGT Transship
Slide 11: Consumer Foods: Q1 2024/25
Consumer Foods: Q1 2024/25 Q1 Earnings Update: Key performance 2023/24 2024/25 Q1 Q1 indicators (%) (Rs. mn) Q1 Q2 Q3 Q4 Q1 2024/25 2023/24 Volume growth: EBITDA 1,493 720 Frozen Confectionery (10) (2) (2) 24 27 ▪ The Beverages and Frozen Confectionery Beverages (CSD) (3) 5 0 42 8 (FC) businesses re
Slide 12: Beverages and FC: EBITDA margin analysis
Beverages and FC: EBITDA margin analysis CSD volumes (indexed) FC volumes (indexed) 120 160 100 120 80 60 80 40 40 20 0 0 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 25% 20% Beverages and FC E
Slide 13: Retail: Q1 2024/25
Retail: Q1 2024/25 Supermarket business: Q1 Earnings Update: Key performance 2023/24 2024/25 Q1 Q1 indicators (%) (Rs. mn) Q1 Q2 Q3 Q4 Q1 2024/25 2023/24 Same store sales EBITDA 2,246 1,987 17.6 10.4 10.7 10.7 12.0 growth ▪ The Supermarket business recorded a Same store footfall strong performance d
Slide 14: Supermarket business EBITDA margins and electricity cost impact
Supermarket business EBITDA margins and electricity cost impact EBITDA and electricity cost Recurring Electricity EBITDA cost (as a % 2,500 2,500 margin (%) of revenue) Q1 7.6 1.8 2,000 2,000 Q2 6.9 2.2 Electricity cost (Rs. million) 2022/23 EBITDA (Rs. millions) Q3 7.7 1.9 1,500 1,500 Q4 7.7 2.4 Q1
Slide 15: Retail: Q1 2024/25 vs Q1 2023/24
Retail: Q1 2024/25: vs Q1 2023/24 Same Store Same Store ABV Sales Footfall 0.1% 12.0% 11.9% Q1 2023/24: Q1 2023/24: Q1 2023/24: ▪ Inflationary pressure, effective ▪ The customer count experienced an ▪ June 2023 NCPI (YoY): 10.8%. promotional campaigns and increase along with the normalisation of ▪ T
Slide 16: Tourist arrivals to Sri Lanka: recovery trend post-pandemic
Tourist arrivals to Sri Lanka: recovery trend post-pandemic 280 Sri Lanka - Monthly Tourist Arrivals Month 2018 2023 2024 240 Jan 238,924 102,545 208,253 Feb 235,618 107,639 218,350 200 Mar 233,382 125,495 209,181 Apr 180,429 105,498 148,867 Arrivals ('000) 160 May 129,466 83,309 112,128 120 Jun 146
Slide 17: Tourist arrivals to the Maldives: recovery trend post-pandemic
Tourist arrivals to the Maldives: recovery trend post-pandemic 240 The Maldives - Monthly Tourist Arrivals Month 2019 2023 2024 200 Jan 151,552 172,499 192,385 Feb 168,583 177,915 217,392 160 Mar 162,843 173,514 194,227 Apr 163,114 164,357 168,366 Arrivals ('000) 120 May 103,022 120,959 119,875 Jun
Slide 18: Comparison of outbound travel – China and India
Comparison of outbound travel – China and India 180 160 155 140 Number of departures (millions) 120 100 2007 - India GDP Per Capita - USD 1,023 80 Outbound travel - 9.8 million 60 2000 - China GDP Per Capita - USD 959 Outbound travel - 40 10.5 million 27 20 10 4 - 2000 2001 2002 2003 2004 2005 2006
Slide 19: Leisure: Q1 2024/25
Leisure: Q1 2024/25 Q1 Earnings Update: 2023/24 2024/25 Q1 Q1 Key indicators (Rs. mn) Q1 Q2 Q3 Q4 Q1 2024/25 2023/24 Colombo Hotels* EBITDA (794) 284 Occupancy (%) 49 67 57 67 40 EBITDA excluding ‘City of Dreams Sri Lanka’ is negative Rs.18 million for Q1 2024/25 and Rs.543 million for Q1 ARR (USD)
Slide 20: City of Dreams Sri Lanka
City of Dreams Sri Lanka ▪ The finishing works at the ‘City of Dreams Sri Lanka’ integrated resort is progressing well, with the 687-key 'Cinnamon Life' hotel, restaurants and banquet facilities being in the final stages of fit-out with operations due to commence in October 2024. ▪ The remainder of
Slide 21: Property: Q1 2024/25
Property: Q1 2024/25 Cumulative sales update as at 30 June 2024: Q1 Earnings Update: Number of units Number of remaining Q1 Q1 sold units (Rs. mn) 2024/25 2023/24 Cinnamon Life: EBITDA (67) 187 The Residence at Cinnamon Life 147 84 ▪ Profitability declined due to the revenue The Suites at Cinnamon L
Slide 22: Financial Services: Q1 2024/25
Financial Services: Q1 2024/25 Union Assurance PLC: Q1 Earnings Update: Q1 Q2 Q3 Q4 Q1 Key performance 2023/24 2023/24 2023/24 2023/24 2024/25 Q1 Q1 indicators (%) (Apr-Jun (Jul-Sep (Oct-Dec (Jan-Mar (Apr-Jun (Rs. mn) 2024/25 2023/24 2023) 2023) 2023) 2024) 2024) EBITDA 1,920 1,693 GWP growth 21 15
Slide 23: Rights Issue followed by a Sub-division of Ordinary Shares
Rights Issue followed by a Sub-division of Ordinary Shares ▪ As announced to the CSE, on 30th July 2024, the Board recommended to the Shareholders a Rights Issue of Ordinary Shares, followed by a Sub-division of Ordinary Shares. ▪ The Rights Issue will be in the proportion of One (1) new Ordinary Sh
Slide 24: Thank You
THANK YOU This document was produced by John Keells Holdings PLC for information purposes only. The information contained in this document are a review of the financial information pertaining to Q1 2024/25 and does not constitute an issue prospectus or a financial analysis. This Investor Presentatio
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