Investor Relations Highlights slide image

Investor Relations Highlights

9M 2020 Summarized P&L In PHP Mill 9M 2019 9M 2020 Change YoY Net Revenues 30,359 36,794 21% Cost of Sales 22,956 27,352 19% • Gross Profit 7,403 9,442 28% Operating Expenses 3,845 4,855 26% Operating Income 3,644 4,482 23% EBITDA 4,309 5,296 23% Financing Cost - Net 289 215 -26% • Income before Tax 3,355 4,267 27% Income Tax 747 990 32% Net Income 2,608 3,277 26% Earnings per Share 0.74 0.93 26% Margins (%) Gross Profit 24.4% 25.7% +1.3 pps Operating Expenses 12.7% 13.2% +0.5 pps Operating Income 12.0% 12.2% +0.2 pps EBITDA 14.2% 14.4% +0.2 pps Net Income 8.6% 8.9% +0.3 pps 39 Revenue growth driven by branded outperformance Robust double-digit growth across all branded units as consumers prefer well-known and trusted shelf-stable products ● Improvement in gross margin driven by subdued raw materials, favorable FX, and faster growth of higher- margin branded business Elevated operating expense due to enhanced health and safety measures Earnings momentum sustained at +26%, exceeding normal target of 10-15%
View entire presentation