Philippine Seven Corporation · PSE:SEVN
Philippine Seven — FY2024 Earnings Presentation
17 slides from Philippine Seven's earnings presentation, Apr 14, 2025
Slide 1: FY and Q4 2024 Investor Briefing
FY and Q4 2024 Investor Briefing April 14, 2025 [email protected]
Slide 2: A Global Brand
A Global Brand Norway: 113 Sweden: 78 South Korea: 12,152 Canada: 557 United States: 13,030 China: 2,244 Denmark: 176 Japan: 21,651 Taiwan: 7,077 Mexico: 2,076 Hong Kong: 1,087 Vietnam: 122 83,700+ India: 56 Philippines: 4,130 STORES Thailand: 15,245 Cambodia: 112 WORLDWIDE Singapore: 467 Malaysia:
Slide 3: Global Recognition
Global Recognition First Asian to be elected, ended his term this October, though remained member of the Executive Committee and Chair of the International Board
Slide 4: Shareholding Structure
Shareholding Structure Present Agus Development Corp. Ownership 3% Structure Others-Foreign 21% % ownership Others-Filipino 4% President Chain Store (Labuan) Holdings, Ltd 55.32% Progressive President Chain Others-Foreign 20.94% Store (Labuan) Development Corp. Holdings, Ltd. Paterno Family 7.66% 2%
Slide 5: SEVN Share Information
SEVN Share Information Price (Apr. 11, 2025) PhP 56.00 Hi/Low (52-week range) PhP 35.00 – PhP 75.00 Outstanding Shares 1.512 billion Market Capitalization PhP 84.7 billion Listing Date Feb. 4, 1998 Dividend 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Payment
Slide 6: Retail Landscape
Retail Landscape Value Share of Trade per Channel +14% o Sari-sari stores contracted the most o Share of supermarket was flattish, while groceries slightly declined o Convenience store gained to 4.56% from 4.0%
Slide 7: Store Network as of Dec. 31, 2024
Store Network as of Dec. 31, 2024 7-Eleven By Location Store Count % Jan. 1 Opening Closure Dec. 31 Metro Manila 1,094 46 19 1,121 27% Luzon-ex MM 1,730 178 8 1,900 46% Visayas 541 87 6 622 15% Mindanao 403 88 4 487 12% Total 3,768 399 37 4,130 100% + 500 new 2019 2020 2021 2022 2023 2024 2025 Targe
Slide 8: 4,000 Store Milestone
“ELEVEN 4,000** Store Milestone AC) | |S
Slide 9: Q4 2024 Financial Performance
Q4 2024 Financial Performance SYSTEM-WIDE SALES FREE P24.61 billion NET INCOME CASH FLOW +6.6% P1.23 billion P3.30 billion OPERATING REVENUE +1.4% P23.76 billion +69.6% +7.0% Quarterly Net Income Trend 1,400 1,200 1,000 800 600 400 200 - (200) (400) (600) 2014 2015 2016 2017 2018 2019 2020 2021 112.
Slide 10: Registered negative SSSG of 2.3% in Q4
Registered negative SSSG of 2.3% in Q4 Several factors contributed to this temporary setback, including unfavorable weather—with multiple typhoons in November—regulatory-related unavailability of a major vape brand, and systems downtime from a key e-wallet partner, which impacted both service revenu
Slide 11: FY 2024 Financial Performance
FY 2024 Financial Performance SYSTEM-WIDE SALES FREE P93.45 billion NET INCOME CASH FLOW +13.8% P3.81 billion P10.62 billion OPERATING REVENUE +9.4% P88.68 billion +72.1% +13.6% Annual Net Income Trend 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 112.2 500 - (500) (1,000) 2014 2015 2016 2017 2018
Slide 12: Non-alcoholic beverages posted biggest gain
Non-alcoholic beverages posted biggest gain Contribution of food service and cup drinks dipped slightly Merchandise Sales Mix Store Ownership Non-food FC 2 & 3 17% +20.5% 5% +14% FC 1 43% Corporate 52% Food 83% Operating Revenue Breakdown No. of Stores by Cluster Office Hospital Franchise 11% 3% rev
Slide 13: Profitability Ratios
Profitability Ratios Operating margin recovered in 4Q bringing FY to 6.35 percent, slightly below 6.45 percent LY, while ROE surged to highest level of 35.2 percent buoyed by distribution of cash dividends Operating Income EBITDA 12.8% 12.0% 11.6% 11.4% 12.8% 12.0% 12.1% 12.8% 7.7% 7.2% 7.3% 7.7% 10
Slide 14: Balance Sheet & Cash Flow as of December 2024
Balance Sheet & Cash Flow as of December 2024 As at December 31,| As at December 31, Variance 50,000.0 2024 2023 43,282.3 39,534.9 Cash 11,086.5 10,557.2| 5.0% 40,0000 Current Assets 23,518.6 23,397.9 0.5% 30,0000 Loans 70.0 70.0 0.0% 20,000.0 f 10,000.0 b 76.2 BV per Share 6.0 8.3 -2.3 0.0 | Days i
Slide 15: Comparative Analysis
Comparative Analysis Highest ROE with longest days inventory outstanding owing to more operating DCs 7-Eleven Philippines+14% Taiwan Thailand 2024 2023 2024 2023 2024 2023 No. of stores 4,130 3,768 7,077 6,859 15,245 14,545 SSSG 3.2% 13.0% 3.5% 3.8% 3.8% 5.5% Operating margin 6.35% 6.45% 3.20% 3.35%
Slide 16: 7-Bank ATM Roll-out Update
7-Bank ATM Roll-out Update Activated 3,493 ATMs translating to 84% coverage of all stores +14% 112.2
Slide 17: Slide 17