Philippine Seven Corporation · PSE:SEVN
Philippine Seven — FY2022 Earnings Presentation
17 slides from Philippine Seven's earnings presentation, April 2023
Slide 1: FY 2022 Investor Briefing
PHILIPPINE SEVEN CORPORATION (SEVN) FY 2022 Investor Briefing [email protected]
Slide 2: A Global Brand
A Global Brand Norway: 152 Sweden: 81 South Korea: 14,265 Canada: 606 United States: 13,190 China: 3,023 Denmark: 176 Japan: 21,350 Taiwan: 6,631 Mexico: 1,889 Vietnam: 79 82,000+ India: 20 Philippines: 3,393 STORES Thailand: 13,838 Cambodia: 42 WORLDWIDE Singapore: 457 Malaysia: 2,472 Australia: 73
Slide 3: Global Recognition
Global Recognition Asian Convenience Industry Leader of the Year Award Pictured left to right: Jackie Lai, Marketing Director 7-Eleven Philippines; Kazuki Furuya, Chairman of SEJ; Richard Lee, Vice President Marketing & Operations 7-Eleven Philippines; Armi y = - Cagasan, Division Head of Strategic
Slide 4: Shareholding Structure
Shareholding Structure Present Agus Development Corp. Ownership 3% Structure Others-Foreign 13% Others-Filipino 2% As of December 31, 2022 % ownership Progressive Development Corp. 2% President Chain Store (Labuan) Holdings, Ltd * 55.32% Asian Holdings Corp. 6% Others-Foreign 12.53% President Chain
Slide 5: SEVN Share Information
SEVN Share Information Price (Apr. 14, 2023) Php 80.00 Hi/Low (YTD) Php 48.00 – Php 82.00 Free Float 29.7% Outstanding Shares 756.42 million Market Capitalization USD 1.09 billion Listing Date Feb. 4, 1998 Dividend 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Payment St
Slide 6: Retail Landscape
Retail Landscape Market Share Per Channel Sales Value % Change Per Channel (Sales) +14%
Slide 7: Store Network as of Dec. 31, 2022
Store Network as of Dec. 31, 2022 7-Eleven By Location Store Count % Jan. 1 Opening Closure Dec. 31 Metro Manila 1,014 64 15 1,063 31% Luzon-ex MM 1,324 192 11 1,505 45% Visayas 436 55 2 489 14% Mindanao 299 42 5 336 10% Total 3,073 353 33 3,393 100% + 400 new 2019 2020 2021 2022 2023 Target stores
Slide 8: FY 2022 Financial Performance
FY 2022 Financial Performance System-wide IFRS IFRS sales P2.06 billion P7.5 billion P66.0 billion 546% + 67% + 39.7% Non-IFRS Non-IFRS Same-store sales P2.38 billion P4.9 billion + 28.8% 2450% + 104% SALES NET INCOME EBITDA 12M Pre-tax Income 10 Year Trend * Amount in million Pesos 3,000.0 2,500.0
Slide 9: Earnings surpassed 2019 driven by higher sales, amidst changes in accounting and tax rules
Earnings surpassed 2019 driven by higher sales, amidst changes in accounting and tax rules FY 2022 FY 2019 % Change Systemwide Sales 65,966.5 56,333.3 17.1% Net Income – Non IFRS 2,377.9 1,988.0 19.6% Net Income – IFRS 2,057.0 1,444.6 42.4% Q4 2022 Q4 2019 % Change Q3 2022 Q3 2019 % Change Q2 2022 Q
Slide 10: Sales rose 40.0% in Q4 driven by 26.6% growth in SSSG
Sales rose 40.0% in Q4 driven by 26.6% growth in SSSG Improved mobility increased customer count as average transaction went up Systemwide Sales (in billion PhP) Same Store Sales Growth 66.0 56.3 + 39.2% 35.2% 46.4 47.2 40.0% 28.8% +14% 26.6% 16.1% 10.3% 8.5% 16.6 16.6 13.7 19.2 3.4% 11.1 13.6 11.1
Slide 11: Balance Sheet as of December
Year Balance Sheet as of December 31 Sa ER | ss | eas |ee 3 Balance Sheet Items 2019 2020 2021 2022 Balance Sheet Items 2019 2020 2021 2022 Cash and cash equivalents 74,636,044, 716 5,148,638,294 _P5,387,642,931 _P7,032,177,092 | Debt Ratio (Total Liabilities / .. 0.73 O75 0.75 072 Accounts receivab
Slide 12: Cash Flow as of December 31
Year Cash Flow as of December 31, ee ane | bas | a | a Cash Flow Items 2019 2020 2021 2022 Cash Flow Items 2018 2019 2020 2021 Cash receipts from earni... | ®2,080.940,355 -P565,227,029 -P433,735,411 P2,781,617,568 | Net Cash Flow from Operations P4,429,419,955 P8,190,101,768 P2,656,817,212 4,298,87
Slide 13: 7B Cash Recycler ATM Rollout
7B CASH RECYCLER ATM ROLLOUT • Innovative solution to 7E cash management requirements • Reduces cash handling risks and allows immediate usage of funds • Enhances our value proposition and generates incremental revenue • Ended 2022 with 2,322 activated ATMs
Slide 14: New Store Concepts
New Store Concepts • 7-Eleven store co-branding alliance with Heineken and Coca-Cola • Convan store and modular store made of pre-fab materials • First 7-Eleven store with drive-thru
Slide 15: 7-Election Campaign
Candidates 7-Election | Comelec | Gap(+/-) ne 43% 59% +16% jarcos Een 24% 28% +4% Robredo Isko Moreno 8% 4% 4% Manny Pacquiao 6% 7% +1% Ping Lacson 5% 2% 3% Undecided 14% (4 hy 24% ven Qa = 7-Election Campaign
Slide 16: Promotions and New Products
BDAY "5 O% Promotions and New Products
Slide 17: Slide 17