Parkson Retail Asia Limited · SGX:O9E
Parkson Retail Asia — Q4 FY2018 Earnings Presentation
23 slides from Parkson Retail Asia's earnings presentation, Aug 23, 2018
Slide 1: Financial Results for Q4 FY2018
Parkson Retail Asia Limited Financial Results for Q4 FY2018 23 August 2018
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 Year ended SSSG 30.06.2018 30.06.2017 30.06.2018 30.06.2017 Malaysia -2.4% 14.7% -1.5% 2.8% Vietnam -14.6% -14.0% -8.3% -13.6% Indonesia 1.3% 11.0% -3.8% -1.5% Myanmar -3.8% n/a -3.8% -26.4% Malaysia • Negative quarterly SSSG due to diversion of consume
Slide 6: Financial Overview
6 Financial Overview Quarter ended Year ended S$’000 30.06.2018 30.06.2017 VAR % 30.06.2018 30.06.2017 VAR % Gross Sales Proceeds (“GSP”) 252,340 262,926 -4.0% 953,289 982,422 -3.0% Revenue 106,203 109,609 -3.1% 413,888 412,734 0.3% EBITDA (8,566) (24,740) 65.4% (11,165) (21,437) 47.9% Pre-tax loss
Slide 7: Segmental Pre-tax Results
7 Segmental Pre-tax Results Retailing Group Malaysia Vietnam Indonesia Myanmar Cambodia Others Total S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 12 months ended 30.06.2018 Pre-tax Results Department stores (53) (4,307) (6,339) (1,431) (293) - (12,423) Other retail stores (8,270) - - - - - (8,27
Slide 8: Segmental Pre-tax Results (Cont'd)
8 Segmental Pre-tax Results (Cont’d) Retailing Group Malaysia Vietnam Indonesia Myanmar Cambodia Others Total S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 12 months ended 30.06.2017 Pre-tax Results Department stores 11,239 (758) (8,856) (468) (599) - 558 Other retail stores (5,195) - - - - - (5,
Slide 9: 5-Year Gross Sales Proceeds and Revenue
9 5-Year Gross Sales Proceeds and Revenue Overall top line growth (S$ million) 1,200 1,078 1,077 968 982 953 1,000 800 600 432 429 413 414 388 400 200 - FY2014 FY2015 FY2016 FY2017 FY2018 GSP Revenue
Slide 10: 5-Year Profit Margins - EBITDA
10 5-Year Profit Margins - EBITDA EBITDA EBITDA margin 70 15.0% 14.7% 13.8% 60 60 54 50 10.0% 40 30 5.0% 20 10 0.0% - FY2014 FY2015 FY2016 FY2017 FY2018 FY2014 FY2015 FY2016 FY2017 FY2018 (10) -2.7% (20) (11) -5.0% (21) -5.2% (30) -6.0% (26) (40) -10.0%
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 40 34 10.0% 8.0% 7.8% 30 20 5.0% - 0.0% FY2014 FY2015 FY2016 FY2017 FY2018 FY2014 FY2015 FY2016 FY2017 FY2018 (20) -5.0% -8.1% (40) (35) -10.0% -10.2% (42) (60) -15.0% -14.1% (58) (80) -20
Slide 12: Operational Highlights
Operational Highlights
Slide 13: Merchandise sales mix
13 Merchandise sales mix FY2017 FY2018 Direct sales Direct sales 22% 24% Concessionaire Concessionaire sales sales 76% 78%
Slide 14: Merchandise sales by segment
14 Merchandise sales by segment FY2017 FY2018 Groceries and perishables Groceries and perishables 4% 2% Household, Household, electrical goods electrical goods and others and others 12% 12% Fashion & Cosmetics & Fashion & Cosmetics & Apparel Accessories Apparel Accessories 57% 29% 57% 27%
Slide 15: 5-Year Merchandise Gross Margin
15 5-Year Merchandise Gross Margin Merchandise gross margin (including both direct sales and concessionaire sales) 22.7% 23.8% 23.8% 23.9% 23.4% 248 253 228 230 218 FY2014 FY2015 FY2016 FY2017 FY2018 Merchandise gross profit (S$m)
Slide 16: Geographic Footprint
16 Geographic Footprint - department stores Malaysia Number of stores: 44 PRA’s department GFA: 538,000 sqm store network comprised 66 stores as Vietnam at 30 June 2018, Number of stores: 6 spanning approx. GFA: 103,000 sqm 791,000 sqm of GFA. Indonesia Number of stores: 15 GFA:146,000 sqm Myanmar N
Slide 17: Expansion Plan
Expansion Plan 17
Slide 18: Expansion Plan - department store openings in FY2018
18 Expansion Plan - department store openings in FY2018 Location FY2018 GFA Malaysia (sq.m) 1. Kuantan City Mall, Kuantan (opened in October 2017) 12,261 2. Paradigm Mall, Johor Bahru (opened in November 2017)* 19,212 3. M Square, Puchong (opened in January 2018) 35,316 4. 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 30.06.2018 30.06.2017 Openings Closures Change Malaysia1 44 45 4 (5) (1) GFA (sqm) 538,000 527,000 Vietnam1 6 7 - (1) (1) GFA (sqm) 103,000 128,000 Indonesia 15 17 - (2) (2) GFA (sqm) 146,000 150,000 Myanmar 1 1 - - - GFA (sqm) 4,000 4,
Slide 21: Store Count and Gross Floor Area - openings
21 Store Count and Gross Floor Area (“GFA”) - department stores (cont’d) Summary of department store openings / closures Country Commenced / ceased operation Openings - Kuantan City Mall, Kuantan Malaysia October 2017 - Paradigm Mall, Johor Bahru (managed store) Malaysia November 2017 - M Square, Pu
Slide 22: Store Count and Gross Floor Area - closures
22 Store Count and Gross Floor Area (“GFA”) - department stores (cont’d) Summary of department store openings / closures Country Commenced / ceased operation Closures - Berjaya Megamall, Kuantan Malaysia September 2017 - Kem Chicks Pacific Place, Jakarta Indonesia September 2017 - Melaka Mall, Ayer
Slide 23: Thank You
THANK YOU
Parkson Retail Asia — Q4 FY2018 Earnings Presentation on 6ix