President Chain Store Corp. 2912TT

Transcription

1 President Chain Store Corp. 2912TT

2 Business Scope 7-11 Taiwan:63% of consolidated revenue Retail: 27% of consolidated revenue Cosmed (100%) Smile Gas Station (80.87%) President Pharmaceutical (73.74%) Hankyu department stores (70%) Takkyubin (70%) 7-11 Philippine(51.56%) Books.com (50.03%) Logistics:1% of consolidated revenue Retail Support (25%) Cold-Chain (60%) Wisdom (100%) Others : 9% of consolidated revenue China 7-11 Shanghai (100%) Shanghai Cold Stone (100%) Presiclerc(Beijing) Supermarket (90.77%) Shandong Uni-Mart (55%) Starbucks Shanghai (30%) F&B 21 Century (100%) Cold Stone (100%) Afternoon Tea (51%) Mister Donut (50%) Starbucks (30%) Support Tokyo Marketing (100%) Musashino (90%) President Information (86%) 1

3 Key indices Revenue (Consolidated) Net income to shareholder of the Parent Company Financial Highlights 2014 Q3 2013Q3 YOY For the Nine Months Ended September 30,2014 For the Nine Months Ended September 30,2013 YOY 54,609 52, % 156, , % 2,481 2, % 7,646 6, % EPS (NT$) % % Historical Revenue and EPS Revenue (Company Only) Unit:$NT million 101, , , , ,999 EPS (NT$) Note:Numbers are under ROC Gaap in 2009~2011, under IFRS since

4 Profitability Hits Record High (Company Only) % 32.3% % % 31.2% GP GPM 32.4% 31.3% 31.2% 31.9% 32.3% 33.0% 32.5% 32.0% 31.5% 31.0% 30.5% 30.0% 29.5% 29.0% 28.5% 28.0% % 5.4% Unit:$NT bn 5.6% 5.5% 5.7% 0.0 SET Porfit SET Margin 5.4% 5.4% 5.6% 5.5% 5.7% 5.7% 5.6% 5.5% 5.4% 5.3% 5.2% % 5.0% 5.2% 4.7% 6.3% NI Net Margin 4.0% 5.0% 5.2% 4.7% 6.3% ROE ROA 3 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 40% 35% 30% 25% 20% 15% 10% 5% 0% 23.0% 8.5% 29.3% 11.7% 12.6% 31.1% 30.0% 11.0% Note:Numbers are under ROC Gaap in 2009~2011, under IFRS since % 14.1%

5 Profitability Hits Record High (Consolidated) Unit:$NT bn Sales % 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% % 4.5% 4.7% 4.6% 5.1% 0.0 OP OPM 4.1% 4.5% 4.7% 4.6% 5.1% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% % 3.7% 3.8% 3.1% 4.0% NI Net Margin 3.0% 3.7% 3.8% 3.1% 4.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% ROA ROE % 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 21.7% 6.9% 28.2% 30.1% 29.3% 9.5% 10.1% 8.7% 35.8% 11.3% Note:Numbers are under ROC Gaap in 2009~2011, under IFRS in 2012~2013.

6 Focus Brings Profits Unit:$NT million 2,500 2,000 1,500 1, (500) (1,000) (1,500) 2008 Investment gain or Loss ,936 Profit contribution % % 6.32% 9.76% -0.02% 24.09% 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% 45% 40% 35% 30% 2008 Long term Investment To total assets 42.11% 43.56% 42.11% 36.73% 35.69% 34.36% Unit:$NT bn 5 Note:Numbers are under ROC Gaap in 2009~2011, under IFRS in 2012~2013.

7 Negative Cash Cycle Days Unit:$NT bn Cash Conversion Days(Company Only) Cash Conversion Days(Consolidated) Net Cash(Company Only) Net Cash(Consolidated) Note:Numbers are under ROC Gaap in 2009~2011, under IFRS in 2012~2013.

8 100% Cash Dividend Cash Dividends Total Dividends

9 2014 Outlook 8

10 Staying On Top of Consumer Trends to Pursue Sustainable Growth PCSC Revenue Unit:$NT bn Mom & Pa store EOS System Logistic System POS System Modern CVS Fresh Food Service Bill collection Service Convenient Neighbor City Café Integrated Marketing IBON Large Store 7-nET Community Center

11 Strengths of PCSC Multi group brands High accessibility with over 5,000 group stores Over 3,000 large stores provide friendly shopping environment Development of E-service and E-commerce business Well-established infrastructure Various fresh food and PL products

12 With Customers Various Demands, CVS s Functions are Boundless Aging population fewer children Fast-paced life Trends Price hike but salary stagnant High popularity of mobile devices and accessibility of internet High consciousness of beauty and health Care about the sustainability of the environment Customers demands for Friendly shopping environment Food service Feeling of happiness Online service Diversified products Convenience 11

13 Demands for friendly shopping environment The total store numbers of Taiwan 7-11 will surpass 5,000 in 2014 to further increase accessibility. Continue to increase large store numbers, and tailor suitable store layout and product mix for different districts. Improve energy efficiency by adopting energy-saving equipments and strategy of light down. Light down of signboard Large store of Taiwan

14 Demands For Food Service Enhancing the fresh-food restaurant image by upgrading quality of current products and convenience to customers. Extend ready-to-eat and -drink products to ready-to-cook ones. Enhancing traceability management to establish comprehensive food safety system. Farms Fourth Generation Commissary Testing lab. Logistic System Store management Employing contract farming. Managing Text the production end of common food. Dual temperature Cold chain logistic to Text do store delivery Triple capacity than previous one Safety management of ingredients and chemical additives in private-labeled products. Cold chain logistic and transportation Temperature monitor 13

15 Feelings of Happiness Branding of CITY CAFE and OPEN (1)Integrate CITY CAFÉ and OPEN with 7-11 stores to strengthen brand image. (2)Explore CITY CAFÉ and OPEN related products. Introduce soft ice cream to fulfill customers demands for dessert. 14

16 Demands For E-Service Establishing offline-to-online platform. With diverse services and resources, ibon can provide differentiated choices for customers. Providing the complete E-service Infra:Delivery, logistic and cash flow management. Delivery Logistic Cashflow In-store pick up Others Home 15

17 Demands For Variety Fulfill customers demand for variety by integrating strong brands of PCSC to strengthen group synergy. Brands of Beauty Other Brands Potential brands 16

18 Demands For Convenience Expand the use of icash cards (1)In alliance with other retailing businesses to provide convenience of payment. (2)Utilize icash customer data to strengthen core competence. 17

19 Fast--growing Overseas Businesses Fast Shanghai Starbucks 462 stores in 2013 Total stores will exceed 600 in Shanghai Seven Eleven Philippines 1,009 stores in 2013, net increase 180 stores. Total stores will exceed 1,200 in The Philippines 18

20 Strengthen Business Model Supermarket Shandong and Beijing Unimart 1.300~500 is the main store format. 2.Strengthen the convenience of the stores. Beijing Fast food business Cold Stone Sub-area license Shandong Shanghai CVS Shanghai 7-11 Strengthen product mix. Shandong Unimart Shanghai

21 2014 Cash Flow Projection Operating Cash inflows Cash outflows:taiwan 7-11 Long-term investments Cash dividends NT$10~11b NT$2.5~2.6b NT$600~700m NT$6.2b 20

22 Q&A 21