Upload
jacob-ejercito
View
30
Download
0
Embed Size (px)
Citation preview
MarketShare
Source: Bloomberg, Euromonitor, CLSA
Source: Bloomberg, Euromonitor, CLSA Source: Bloomberg, Euromonitor, CLSA
Source: Bloomberg, Euromonitor, CLSA
Source: CNPF Annual Stockholders Meeting President’s Report
Source: CNPF Annual Stockholders Meeting President’s Report
Source: CNPF Annual Stockholders Meeting President’s Report
Source: CNPF Annual Stockholders Meeting President’s Report
DistribuJonandProducJon
• 652kpointsofsale,270koutlets
• Tuna&Coconut:GenSan
• Meat:Laguna,24kcases
• Dairy:MetroManila,11kcases
• Tin-Can(P562m)&ColdstorageFacility(P450m)
Source: CNPF Annual Stockholders Meeting President’s Report
Gearing
FY15:CapexbudgetatP820m(P450mforcoldstorage)FY16:CapexbudgetatP945m(P310mforcoconutproducJon)
Source: Bloomberg, Euromonitor, Source: Bloomberg, Euromonitor,
LocalPeers
Source: Bloomberg, Euromonitor, Source: Bloomberg, Euromonitor,
Source: Bloomberg, Euromonitor, Source: Bloomberg, Euromonitor,
• Keydifferences:ProductPor\olioandSalesMix
• Be]erliquidityandprofitability
ForeignPeers
Source: Bloomberg, Euromonitor,
Source: Bloomberg, Euromonitor,
Source: Bloomberg, Euromonitor,
Macroeconomic Factors
1)EscalaJonofBusinessProcessOutsourcing
• AimingtogenerateP25bin2016
• Addingworkers:335,000workers
• 1/3ofrevenuesallotstopayrolls
MacroeconomicFactors
Source: Bloomberg, Euromonitor,
Source: Bloomberg, Euromonitor,
Macroeconomic Factors
2)Increasingremi]ances
• Remi]ancesfor1Q16upby4.3%to7.2b
• MoreconsumpJon
MacroeconomicFactors
Source: Bloomberg, Euromonitor, Source: Bloomberg, Euromonitor,
Source: Bloomberg, Euromonitor,
• Marketshareforpowdered:BirchTreearound2%,BearBrand36%
• PlusonemarkeJngstrategyonlygoodforshort-term
• Needanicheproduct
ExecuJonRisk