President Chain Store Corporation · TWSE:2912
President Chain Store — Q1 2022 Earnings Presentation
21 slides from President Chain Store's earnings presentation, Jun 17, 2022
Slide 1: President Chain Store Corp.
President Chain Store Corp. 2912 TT
Slide 2: 2022 First Quarter Highlights and Results
2022 First Quarter Highlights and Results 2
Slide 3: Historical Financial Results
Historical Financial Results Unit: NTD billion 2017 2018 2019 2020 2021 YOY Revenue 144.5 154.1 158.0 168.1 168.0 -0.1% (Company Only) Revenue 221.1 244.9 256.1 258.5 262.7 1.6% (Consolidated) Net Profit 31.0 10.2 10.5 10.2 8.9 -13.4% One-off gain from Starbucks 20.4 - - - - - deal EPS (NT$) 29.83 9
Slide 4: 2022 First Quarter Financial Results
2022 First Quarter Financial Results Unit: NTD billion 1Q21 1Q22 YOY Revenue 41.8 42.8 2.3% (Company Only) Revenue 65.1 67.7 4.0% (Consolidated) Net Profit 3.0 2.6 -13.9% (Consolidated) Net Profit attributable to the 2.7 2.2 -19.9% parent company EPS (NT$) 2.61 2.09 -0.52 The profit declined in 1Q22
Slide 5: Sales and Profitability (Consolidated)
Sales and Profitability (Consolidated) (Store No.) 12,000 Store no. 集團店數 ($NT bn) 300 Sales 合併營業額 250 10,000 200 8,000 150 6,000 100 4,000 50 2,000 0 - YTD YTD 2018 2019 2020 2021 2018 2019 2020 2021 YTD 1Q'21 YTD 1Q'22 1Q'21 1Q'22 sales 244.9 256.1 258.5 262.7 65.1 67.7 15 OP 合併營業利益 6% 15 合併淨利 NI 6
Slide 6: Sales and Profitability (Parent)
Sales and Profitability (Parent) (店) Store no.PSD及7-11店數 & PSD-Sales ($NT) ($NT bn) 200 個體營業額 Sales 6,700 100,000 80,000 150 6,200 60,000 5,700 100 40,000 5,200 50 20,000 4,700 - 0 2018 2019 2020 2021 YTD YTD 2018 2019 2020 2021 YTD 1Q'21 YTD 1Q'22 1Q'21 1Q'22 sales 154.1 158.0 168.1 168.0 41.8 42.8
Slide 7: Segment Information
Segment Information 2.72% sales 8.52% pre-tax profits 0.84% 10.89% 28.04% 62.60% 27.48% 58.90% Taiwan 7-11 Retail Logistics Others,Adjustment and Taiwan 7-11 Retail Logistics Others,Adjustment and elimination elimination Retail business: Philippines 7-11, Cosmed, Takkyubian(Transnet), Books.com, Mec
Slide 8: Steady cash flow during pandemic
Steady cash flow during pandemic Net Cash Cash Conversion Day (Consolidated) (Consolidated) Unit: NTD 35.0 32.4 billion 0.0 28.5 29.2 30.0 26.4 -5.0 24.3 25.0 -10.0 20.0 -15.0 15.0 -20.0 10.0 -20.7 -20.0 -20.3 5.0 -25.0 -22.4 -24.6 - -30.0 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Note: Aver
Slide 9: Sustainable cash dividend
Sustainable cash dividend 30 110% 25 105% 20 100% 15 95% 10 90% 5 85% 0 80% Unit: $NT 2017 2018 2019 2020 2021 cash dividends 7 7.2 25.0 8.8 9.0 9.0 9.0 Payout Ratio 83.81% 89.64% 88.76% 91.39% 105.63% Note：2021 cash dividend has been approved by AGM. 9
Slide 10: Outlook
Outlook 10
Slide 11: O2O Benefit Maximization; Market Redistribution
Innovation Integration O2O Benefit Maximization; Market Redistribution ∞ Lifestyle-Based Service Platform That Exceeds Customer Expectations Satellite 7-11 Stores Innovation and Integration Generate Extra Revenues Attract Consumers to the Intelligent Vending Stores Machine E-Service Pursue new store
Slide 12: Aggressive Expansion; Strengthen the Franchise
Aggressive Expansion; Strengthen the Franchise • Aggressive expansion focusing on both quality and quantity to ensure economies of scale • Providing full support to franchisees during Covid-19, maintaining an approximately 90% franchisee ratio to total store, solidifying the franchise system and lon
Slide 13: Build Diverse Lifestyle Platforms
Build Diverse Lifestyle Platforms • Pooling internal and external resources to create group synergy Experience Education • Create opportunities for customers to look around the stores and provide 4E experience Entertainment Exploration ∞ • Provide diverse products mix to satisfy customer demands • I
Slide 14: Become a Reliable Fresh Food Platform
Become a Reliable Fresh Food Platform Increase Value Grasp Trends Diversify • Co-branding with Michelin star restaurants • Healthy Vegetables - Veggie Selection; Simple Channels • Mobile ordering and pickup APP - Digital Marketing Tools • Optimizing taste to shake the food market Fit • iPre-order &
Slide 15: Shape CITY CAFE Brand Culture
Shape CITY CAFE Brand Culture 2004 2015 2020 2021 Launch of Revenues Mobile Revenues + Cloud CITY CAFE 10 Billion + Ordering and 15 Billion + Pickup Service Consolidating existing customer base Grasping digital opportunity Promoting out-of-store services and develop new customer segments Steady gr
Slide 16: New Businesses Expansion; New Highs of Commission
New Businesses Expansion; New Highs of Commission ES Transaction Collection Transaction per year per year 300-400 Resource Integration 300-400 million million Expand the Scope Logistics integration, transportation capacity Markets of migrant workers Further Dedication in enhancement -Remittance,
Slide 17: Digital Evolution; Innovation Breakthroughs
Digital Evolution; Innovation Breakthroughs Start of Group Number of Membership Members Integration Exceeding14mn Number of Number of The fifth The first X-Store Members Integrating Group Expanding Members X-Store Unmanned store Exceeding12mn Members from 14 external reach 6.4mn Unmanned store Chann
Slide 18: Create Comprehensive Digital Service Platform
Create Comprehensive Digital Service Platform OPENPOINT Ecosphere Member Contribution UP Precision marketing 2021 Member Contribution • Expand external partnerships to • Member segment label boost traffic • Point monetization, circular • Operation of customer 50%↑ data center to create economy circl
Slide 19: 7-ELEVEN Philippines Recovers Steadily in Post-Pandemic Era
7-ELEVEN Philippines Recovers Steadily in Post-Pandemic Era Store adjustment tailored to Diversify products to optimize Mastering digital tools and business district portfolio creating digital ecosphere • 3,073 stores in 2021, with 60%↑market • Focus on fresh food, coffee, grocery • Continuous optim
Slide 20: ESG: Sustainable Earth + Inclusive Society + Happy Corporation
ESG: Sustainable Earth + Inclusive Society + Happy Corporation 2021: Start of the Sustainability Era at PCSC, Incorporating Sustainability into Our Daily Operations Decrease the use of Strengthen food waste Reduce carbon plastics management emissions Disposable Complete • Launch Leftover iLove Food
Slide 21: The End
The End 21
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