Parkson Retail Asia Limited · SGX:O9E

Parkson Retail Asia — Q4 FY2015 Earnings Presentation

23 slides from Parkson Retail Asia's earnings presentation, 2015

  1. Slide 1: Financial Results Presentation Q4 FY2015

    Parkson Retail Asia Limited Financial Results Presentation Q4 FY2015 1

  2. Slide 2: Contents

    Contents 1. Overview 2. Financial Statements i) Consolidated income statement ii) Consolidated statement of financial position iii) Consolidated statement of cash flows iv) Segment results 3. Operational Highlights i) Geographic footprint ii) Gross sales proceeds, revenue and SSSG iii) Merchandise s

  3. Slide 3: Overview

    Overview 3

  4. Slide 4: Overview: Business Environment and SSSG

    Overview Business Environment  Same Store Sales Growth (“SSSG”), by countries: Quarter ended Year ended SSSG 30.06.2015 30.06.2014 30.06.2015 30.06.2014 Malaysia -17.0% -0.8% -4.5% -0.1% Vietnam -7.2% -5.4% -5.1% -4.2% Indonesia +12.0% +4.3% +8.4% +6.0% Myanmar +13.6% n.a. +21.6% n.a. n.a. – not ap

  5. Slide 5: SSSG for Myanmar and Financial Summary

     SSSG for Myanmar : - SSSG at +13.6% for the reported quarter. - store at FMI Centre recorded strong ramp-up in sales after the 1st year of operations. Financial Summary Group Reported Reported Like-for-Like Comparable* Quarter ended Year ended Year ended 30.06.2015 30.06.2014 +/(-) 30.06.2015 30.0

  6. Slide 6: Reported topline declined; pre-tax loss from non-recurring items

     Reported topline figures (GSP and revenue) declined for the quarter and remained relatively flat for the year. Reported topline figures did not improve, despite sales contribution from new stores, due significantly to the negative SSSG recorded by the Malaysia and Vietnam operations.  Reported pr

  7. Slide 7: Segmental Profit Before Tax

    Segmental Profit Before Tax Group Year ended PBT Summary 30.06.2015 30.06.2014 +/(-) S$'000 S$'000 % (restated) Like-for-like, on same store basis Malaysia 41,465 47,521 (12.7) Vietnam 647 1,080 (40.1) Indonesia 4,798 2,701 77.6 Myanmar (448) (950) 52.8 Share of profits of an associate (Sri Lanka) 3

  8. Slide 8: PBT Variance and Dividend

    PBT Variance (percentage terms) Comparing the pre-tax profit variances for the (i) reported numbers, (ii) same store numbers and (iii) same store, same currency numbers across the Group’s 4 markets: Same store, PBT variance Reported Same store* same currency* (comparing the year FY2015 vs year FY201

  9. Slide 9: Financial Statements

    Financial Statements 9

  10. Slide 10: Unaudited consolidated Income Statement

    Unaudited consolidated Income Statement For the financial year ended 30 June Group Reported Reported Quarter ended Year ended 30.06.2015 30.06.2014 +/(-) 30.06.2015 30.06.2014 +/(-) S$'000 S$'000 % S$'000 S$'000 % (res tated) (res tated) Gross Sales Proceeds 211,387 246,048 (14.1) 1,077,567 1,077,89

  11. Slide 11: Unaudited consolidated Statement of Financial Position

    Unaudited consolidated Statement of Financial Position (S$’000) As at As at +/(-) 30 Jun 2015 30 Jun 2014 % (restated) Total Assets 374,408 419,866 (10.8) - Non-current assets 148,393 173,202 (14.3) - Current assets 226,015 246,664 (8.3) Cash and cash equivalents 138,578 150,881 (8.2) (including AFS

  12. Slide 12: Unaudited consolidated Statement of Cash Flows

    Unaudited consolidated Statement of Cash Flows For Year ended 30 June (S$’000) Q4 Q4 +/(-) Year Year +/(-) FY2015 FY2014 % FY2015 FY2014 % (restated) (restated) Net cash generated from / (used in) operating activities (25,428) 12,451 >(100.0) 44,814 55,356 (19.0) Net cash generated from / (used in)

  13. Slide 13: Segment results

    Segment results For Year ended 30 June Group Malaysia Vietnam Indonesia Myanmar Unallocated Total S$'000 S$'000 S$'000 S$'000 S$'000 S$'000 Year ended 30.06.2015 Gross Sales Proceeds 751,123 157,133 163,749 5,562 - 1,077,567 Revenue 322,250 45,175 59,422 1,904 - 428,751 Operating pre-tax profit/(los

  14. Slide 14: Operational Highlights

    Operational Highlights 14

  15. Slide 15: Geographic footprint

    Geographic footprint Vietnam Malaysia  Number of stores: 9  Number of stores: 42  Approx. GFA (leased): 80,000 sqm  Approx. GFA (leased): 464,000 sqm  Approx. GFA (owned): 23,000 sqm Indonesia  Approx. GFA (managed): 51,000 sqm  Number of stores: 14  Approx. GFA (leased): 136,000 sqm Myanmar

  16. Slide 16: Gross Sales Proceeds, Revenue and SSS Growth

    Gross Sales Proceeds, Revenue and SSS Growth Overall top line growth SSSG Q4 FY2015 FY2015 Malaysia -17.0% -4.5% Vietnam -7.2% -5.1% Indonesia +12.0% +8.4% 1,109,387 1,077,891 1,077,567 1,054,913 Myanmar +13.6% +21.6% 868,910 781,641 433,475 446,728 432,037 428,751 367,314 332,959 FY2010 FY2011 FY20

  17. Slide 17: Merchandise Sales Mix

    Merchandise Sales Mix FY2015 FY2014 18.8% 81.2% 19.8% 80.2% Direct sales Concessionaire Sales Direct sales Concessionaire Sales 17

  18. Slide 18: Merchandise sales mostly from fashion and cosmetics segments

    Merchandise sales mostly from fashion and cosmetics segments FY2015 Household, Groceries and electrical goods perishables and others 3.5% 15.0% FY2014 Household, Groceries and electrical goods perishables and others 3.5% 15.0% Fashion and Cosmetics and apparel accessories 53.0% 28.5% 81.5% Fashion a

  19. Slide 19: Blended gross margins

    Blended gross margins Merchandise gross margin (including both direct sales and concessionaire sales) 23.8% 23.2% 23.3% 23.4% 23.4% 22.7% 247 248 253 243 198 178 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Merchandise gross profit (S$m) Merchandise gross margin (%) 19

  20. Slide 20: Profit margins

    Profit margins EBITDA(1) Net profit attributable to Owners of the Company 20.00% 15.00% 17.6% 17.0% 15.0% 13.8% 15.00% 10.5% 13.4% 9.5% 8.8% 10.00% 8.0% 76 6.4% 10.00% 67 45 62 5.00% 60 40 5.00% 35 34 45 0.00% 0.00% 21 -5.00% -6.1% -5.00% -8.1% -10.00% -10.00% FY2010 FY2011 FY2012 FY2013 FY2014 FY20

  21. Slide 21: Going Forward

    Going Forward 21

  22. Slide 22: Expansion Plan (confirmed sites)

    Expansion Plan (confirmed sites) Location FY2015 FY2016 Approx. GFA Approx. GFA (sq.m) (sq.m) Malaysia Malaysia 1. Imago, Kota Kinabalu (Opened Mar 2015) 12,875 1. Aman Central, Alor Setar (Q1FY2016)^ 12,546 2. IOI City Mall, Putrajaya (opened Nov 2014) 20,665 2. Viva City, Kuching (Q2FY2016)^ 12,79

  23. Slide 23: Thank You and Disclaimer

    THANK YOU  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 compl

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