3 rd quarter 2002 results presentation
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3 rd Quarter 2002 Results Presentation. CRA Website: www.cr-asia.com 31 October 2002. A member of the Li & Fung (Retailing) Group. Hong Kong Retail Value Change Year-on-Year % Change. * Source – HKSAR Census and Statistics Department. 3 rd Quarter 2002 Results Presentation Agenda.

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3 rd Quarter 2002 Results Presentation

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3 rd quarter 2002 results presentation

3rd Quarter 2002 ResultsPresentation

CRA Website: www.cr-asia.com

31 October 2002

A member of the Li & Fung (Retailing) Group


Hong kong retail value change year on year change

Hong Kong Retail Value ChangeYear-on-Year % Change

* Source – HKSAR Census and Statistics Department


3 rd quarter 2002 results presentation agenda

3rd Quarter 2002 Results PresentationAgenda

  • 3rd Quarter 2002 Financial Results Highlights

  • Update & 2002 Outlook

  • Questions & Answers


3 rd quarter 2002 financial results highlights group turnover 3 rd quarter 2002

3rd Quarter 2002 Financial Results HighlightsGroup Turnover 3rd Quarter 2002

+ 5%

No. of Store:114 123 146 141 157


3 rd quarter 2002 financial results highlights 121 stores comparable sales

3rd Quarter 2002 Financial Results Highlights121 Stores Comparable Sales

- 5%


3 rd quarter 2002 financial results highlights group turnover sep ytd 2002

3rd Quarter 2002 Financial Results HighlightsGroup Turnover Sep YTD 2002

+ 6%

1,032.8

978.8

No. of Store: 114 123 146 141 157


3 rd quarter 2002 financial results highlights group net profit 3 rd quarter 2002

3rd Quarter 2002 Financial Results HighlightsGroup Net Profit – 3rd Quarter 2002

+ 3%


3 rd quarter 2002 financial results highlights group net profit sep ytd 2002

3rd Quarter 2002 Financial Results HighlightsGroup Net Profit – Sep YTD 2002

+ 6%

52.5

49.5


3 rd quarter 2002 financial results highlights net profit as of sales 3 rd quarter 2002

3rd Quarter 2002 Financial Results HighlightsNet Profit as % of Sales – 3rd Quarter 2002

- 0.1%


3 rd quarter 2002 financial results highlights net profit as of sales sep ytd 2002

3rd Quarter 2002 Financial Results HighlightsNet Profit as % of Sales – Sep YTD 2002


3 rd quarter 2002 financial results highlights basic earnings per share 3 rd quarter 2002

3rd Quarter 2002 Financial Results HighlightsBasic Earnings Per Share – 3rd Quarter 2002


3 rd quarter 2002 financial results highlights basic earnings per share sep ytd 2002

3rd Quarter 2002 Financial Results HighlightsBasic Earnings Per Share – Sep YTD 2002

+ 3%

7.9

7.7


Why 3 rd quarter 2002 favorable results higher gross margin other income

Why 3rd Quarter 2002 Favorable Results?Higher Gross Margin/Other Income

+ 0.8%


Why 3 rd quarter 2002 favorable results offset by higher expenses as of sales

Why 3rd Quarter 2002 Favorable Results?Offset By Higher Expenses as % of Sales

Expenses as % of Sales2002 vs 2001

  • Store Operating Expenses(0.7%)Higher

  • China Start-up Expenses(0.1%)Higher


3 rd quarter 2002 financial results highlights

3rd Quarter 2002 Financial Results Highlights

3rd Qtr 20013rd Qtr 2002

Group Turnover (HK$ Million)350.4366.8+ 5%

Group Net Profit (HK$ Million)20.220.8+ 3%

Net profit as % of Sales5.8%5.7%- 0.1%

Basic Earnings Per Store3.1 Cents3.1 Cents-


Sep ytd 2002 financial results highlights

Sep YTD 2002 Financial Results Highlights

Sep YTD 2001Sep YTD 2002

Group Turnover (HK$ Million)978.81,032.8+ 6%

Group Net Profit (HK$ Million)49.552.5+ 6%

Net profit as % of Sales5.1%5.1%-

Basic Earnings Per Store7.7 Cents7.9 Cents+ 3%


Update 2002 outlook

Update & 2002 Outlook


Update 2002 outlook circle k hong kong

Update & 2002 OutlookCircle K Hong Kong

  • Rising Unemployment, Continuing Deflation, Declining Consumer Confidence

  • No Signs of Recovery

  • Tough 4th Quarter 2002

* Source – HKSAR Census and Statistics Department


Update 2002 outlook circle k hong kong store growth

Update & 2002 OutlookCircle K Hong Kong – Store Growth

  • Beginning of Year:146

  • Opened So Far:+ 11

  • Construction in Progress/:+ 8

    Committed Lease

  • Target Store Number:170

    at End of the Year


Update 2002 outlook circle k hong kong tactics

Update & 2002 OutlookCircle K Hong Kong Tactics

  • Focus on Managing Pricing, Gross Profit & Controlling Expenses

  • Aggressive & Creative Promotions

  • Develop Fast-growth Product Categories – Food Services, Phone Cards and Store Services


Update 2002 outlook circle k china

Update & 2002 OutlookCircle K China

  • Obtained Business License

  • 1st Store Ready, Official Opening – 17 November 2002

  • 2nd Store Under Construction

  • Grand Opening – 14 December 2002


Update 2002 outlook to summarise

Update & 2002 OutlookTo Summarise

  • Tough Hong Kong Market Slowing Profit Growth

  • About to Commence Business in Southern China

  • China Start-up Cost to Increase

  • 4th Quarter Profit Growth Under Pressure

  • Fast Store Growth Starting in 2003


Convenience retail asia limited

Convenience Retail Asia Limited

Just Won

HKRMA 2002

Service & Courtesy

Award

Best Under A Billion

200 Companies

for 2002

Superbrands

Hong Kong 2002


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