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