Robinson Department Store Public Company Limited 3Q12 Financial Results ROBINSON DEPARTMENT STORE PUBLIC COMPANY LIMITED

Transcription

1 Robinson Department Store Public Company Limited 3Q12 Financial Results

2 Highlight Results As of September 2012, ROBINSON operates 27 stores; 10 stores in greater Bangkok and 17 stores in upcountry 3Q12 %Change 9M12 %Change Total sales 5, % 15, % Gross margin 23.6% -76bps 24.4% +10bps Operating profit % 1, % EBITDA % 2, % Net Profit % 1, % EBITDA = EBIT + Depreciation and Amortization + non cash items (include share of net profit from associates) 2

3 Revenue Breakdown Net Sales 91% Revenue Breakdown in 3Q12 Other Income 9% Amount (Million Baht) 3Q12 3Q11 % Change Net sales 5,204 4, % Investment income % Share of profit from associates % Others % 3

4 Sales Growth Net Sales g = 22.0% g = 20.3% SSSG TSG M12 7.7% 1.7% 7.9% 12.0% 6.9% 10.0% 3.4% 15.2% 19.2% 22.0% 3Q11 3Q11 3Q12 3Q % 4.1% 22.5% 20.3% * Calculation base on number of stores fully operated throughout the previous year i.e. in 3Q12 SSSG excluding Chiangrai, Phitsanulok, Rama 9, Suphanburi, and Bangna SSSG excludes Ratchadapisek 3Q12: 7.5%, YTD: 10.2% 4

5 Gross Profit Margin 23.3% 23.4% 23.8% 24.4% 24.4% 24.3% 23.6% g = 22.6% g = 16.6% Gross Profit M12 3Q11 3Q12 5

6 SG&A to Sales 23.6% 23.5% 22.3% 21.3% 21.8% 6% Personnel D&A 16.8% 16.9% 4% Utilities Rent 2% Marketing M12 0% M12 SG&A %SG&A to sales %Operating cost to sales 6

7 Operating Profit Margin Operating Profit = EBIT- share of profit from affiliates 8.5% 9.0% 9.6% 11.3% 10.9% g = 15.2% 10.6% 9.1% g = 3.6% 2008* ** M12 3Q11 3Q12 Amount (MB) 1,057 1,156 1,419 1,997 1, *2008 excluded reversal of obsolete stock **2010 excluded reversal of bad debt due to repaid debt and interest from associates 7

8 EBIT Margin 12.5% 12.7% 11.3% 10.5% 12.6% 9.9% g = 16.1% 10.3% g = -1.9% Amount (MB) 2008* ** M12 3Q11 3Q12 1,228 1,349 1,671 2,202 1, *2008 excluded reversal of obsolete stock **2010 excluded reversal of bad debt due to repaid debt and interest from associates 8

9 Net Profit Margin 9.3% 7.5% 7.9% 8.2% 8.2% g = 23.6% 8.6% 7.3% g = 1.9% 2008* ** M12 3Q11 3Q12 Amount (MB) 929 1,013 1,214 1,453 1, *2008 excluded reversal of obsolete stock **2010 excluded reversal of bad debt due to repaid debt and interest from associates 9

10 EBITDA & EBITDA Margin EBITDA = EBIT + Depreciation and Amortization + non cash items 15.0% 15.5% 16.1% 16.9% 17.7% g = % 15.4% g = 7.0% EBITDA 2008* ** M12 3Q11 3Q12 Amount (MB) 1,858 1,990 2,389 2,987 2, *2008 excluded reversal of obsolete stock **2010 excluded reversal of bad debt due to repaid debt and interest from associates 10

11 Strong Financial Position Consolidated Financial Statements as of 30 Sep2012 (Million Baht) Cash + cash equivalent 1,962 PP&E + leasehold rights 8,123 Total assets 14,700 Liabilities 4,819 Share capital 3,943 Reserve 399 Retained earnings 4,965 Total equity 9,881 Operating on no-debt balance sheet Net DE(x)

12 Investment Plan 12

13 New Store in ROBINS plans to expand 5 stores each year. The investment cost of new store is approximately 500-1,000 MB/store. Location Opening Date Suphanburi 2 Mar 2012 Bangna 3 May 2012 Suratthani 11 Oct 2012 Bangkae 3 Nov 2012 Lampang 30 Nov 2012 Total store in stores Kanchanaburi 1Q13 Ubonratchathani 2013 Sakonnakorn Lifestyle center

14 Appendix 14

15 Statements of Income (Unit : Million Baht) 3Q12 3Q11 9M12 9M11 Revenue from sale of goods 5,204 4,324 15,278 12,519 Investment income Other income Total income 5,643 4,672 16,546 13,602 Cost of sale of goods 3,977 3,272 11,552 9,478 Selling and administrative expenses 1, ,335 2,683 Total expenses 5,170 4,215 14,887 12,161 Share of profit of associates Profit before income tax expense ,947 1,676 Income tax expense Net Profit ,418 1,147 15

16 Balance Sheet (Unit : Million Baht) 30-Sep Sep Dec-11 Cash and cash equivalents 1,517 2,733 2,384 Current investments Trade accounts receivable Inventories 1, ,163 Other current assets Non-current assets 10,755 8,077 9,161 Total assets 14,700 12,622 14,265 Trade accounts payable 3,425 2,716 3,504 Other current liabilities 1,259 1,074 1,560 Non-current liabilities Total liabilities 4,819 3,920 5,195 Total equity 9,881 8,701 9,070 Total liabilities and equity 14,700 12,622 14,265 16

17 Thank you Investor Relations Robinson Department Store Plc. TEL: #732,733 17