Cosco Capital, Inc. · PSE:COSCO
Cosco Capital — H1 2023 Earnings Presentation
21 slides from Cosco Capital's earnings presentation, August 2023
Slide 1: First Half 2023 Financial Results
Cosco Capital, Inc. First Half 2023 Financial Results Investor Presentation 1
Slide 2: Disclaimer
Disclaimer These presentations and/or other documents have been written and presented by COSCO CAPITAL, INC. (COSCO). COSCO is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. Third parties, other than COSCO, do not have any responsib
Slide 3: Company Overview
Company Overview 49% 78% 100% 100% Commercial Real Grocery Retailing Liquor Distribution Specialty Retailing Estate • Ellimac Prime KEEPR Holdings, Inc., • Fertuna Holdings (formerly DAVIN) Corp., • Patagonia Holdings Corp., • Nation Realty, Inc. • NE Pacific Shopping Centers Corporation • Pure Petr
Slide 4: Revenues and Net Income Contribution 1H 2023
Revenues and Net Income Contribution 1H 2023 Revenues Net Income Specialty Retail 1% Liquor Grocery Retailing 72% Real Estate 8% Distribution 5% Liquor Real Estate Distribution 1% 19% Grocery Retailing 93% Specialty Retail 1% PHP 98.2 billion PHP 6 billion +12.3% vs 1H 2022 +7.8% vs 1H 2022 4
Slide 5: 1H 2023 Consolidated Financial Performance
1H 2023 CONSOLIDATED FINANCIAL PERFORMANCE INCREASE (In Thousands) 1H2023 % 1H2022 % (DECREASE) % REVENUES 98,180,842 100.00% 87,444,057 100.00% 10,736,785 12.28% COST OF SALES/SERVICES 79,014,351 80.48% 69,865,110 79.90% 9,149,242 13.10% GROSS PROFIT 19,166,491 19.52% 17,578,948 20.10% 1,587,543 9.
Slide 6: Grocery Retail: 1H 2023 Financial Highlights
Grocery Retail: 1H 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 184,303 +10.9% +7.5% 164,125 33,820 30,083 82,236 91,231 15,676 16,852 18.4% 19.1% 18.5% 18.3% FY2021 FY2022 1H2022 1H2023 FY2021 FY2022 1H2022 1H2023 GP GP Margin EBITDA and Margin Net Profit and Margin
Slide 7: Grocery Retail: Operating Highlights
Grocery Retail: Operating Highlights • Puregold opened 8 new stores in 1H 2023, and converted 8 Divimart stores • S&R opened 1 S&R warehouse club in Kawit, Cavite • Opened 2 QSR in Valenzuela and Tanauan • As of 1H 2023, the Grocery Retailing segment is operating a total of 543 stores with total net
Slide 8: Grocery Retail: Operating Highlights - Sales Performance
Grocery Retail: Operating Highlights Sales Performance 8
Slide 9: Liquor Distribution: Market Leadership
Liquor Distribution: KEEPR has established market leadership in all leading categories of the imported spirits segment1. #1 Non-Cognac Brandy #1 #2 Blended Scotch #1 #2 Malt Scotch #1 #2 US Whiskey #1 Soju #2 Cognac #1 #2 Vodka #1 Gin #2 Rum #1 Agave #1 #2 Flavored Spirits Campari Irish Whiskey #1 N
Slide 10: Liquor Distribution: 1H 2023 Financial Highlights
Liquor Distribution: 1H 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +18.7% +19.6% 13,957 3,474 11,035 2,939 6,500 1,805 5,476 26.6% 24.9% 1,509 27.6% 27.8% FY2021 FY2022 1H2022 1H2023 FY2021 FY2022 1H2022 1H2023 GP GP Margin EBITDA and Margin Net Profit and Margin +1
Slide 11: Real Estate: 1H 2023 Financial Highlights
Real Estate: 1H 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin +9.80 +15.18% 1,816 1,075 1,088 1,696 66.8% 63.6% 63.4% 636 867 952 552 59.9% FY2021 FY2022 1H2022 1H2023 FY2021 FY2022 1H2022 1H2023 GP GP Margin EBITDA and Margin Net Profit and Margin +8.26 +9.19% 1,165 1
Slide 12: Real Estate: Operating Highlights
Real Estate: Operating Highlights Date Opened: Jan. 24, 2023 GLA: 3,949.74 sqm. Occupancy: 100% 12
Slide 13: Office Warehouse: 1H 2023 Financial Highlights
Office Warehouse: 1H 2023 Financial Highlights (In PHP millions) Revenues Gross Profit and Margin 1,788 +32.0% +25.6% 1,556 484 409 1,040 788 266 212 26.3% 27.0% 26.9% 25.6% FY2021 FY2022 1H2022 1H2023 FY2021 FY2022 1H2022 1H2023 GP GP Margin EBITDA and Margin Net Profit and Margin 189 +6.1% 69 +38.
Slide 14: Office Warehouse: Operating Highlights
Office Warehouse: Operating Highlights OFFICE WAREHOUSE, INC. • SSSG of +27.2% in 1H 2023 vs -1.3% in 1H 2022 due to opening up of the economy and increased mobility starting 1H 2022. FY 2021 FY2022 1H 2022 1H 2023 No. Stores 87 94 85 94 Net selling area 15,267 sqm 15,741 sqm 14,973 sqm 16,247 sqm 1
Slide 15: CAPEX Guidance for 2023
CAPEX Guidance for 2023 • CAPEX Budget of Php 12.2 billion in 2023 - Php 11.9 billion for Puregold Group • Php 2.3 billion for 30 new Puregold Stores • Php 4.1 billion for 4 S&R WHs, and 10 S&R QSR • Php 3.5 billion for logistics capex • Php 2 billion for maintenance capex, solar and IT upgrades - P
Slide 16: Sustainability Highlights 2022
Sustainability Highlights 2022 16
Slide 17: Sustainability Highlights - 2022
Sustainability Highlights - 2022 17
Slide 18: Sustainability Highlights - 2022
Sustainability Highlights - 2022 18
Slide 19: Sustainability Highlights - 2022
Sustainability Highlights - 2022 19
Slide 20: UN Sustainability Goals
UN Sustainability Goals 6 CLEAN WATER AND SANITATION
Slide 21: Thank you
S COSCO capiicl i t ed i nc or por a Thank you