3 rd quarter 2002 results presentation
Download
1 / 23

3 rd Quarter 2002 Results Presentation - PowerPoint PPT Presentation


  • 127 Views
  • Uploaded on

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.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' 3 rd Quarter 2002 Results Presentation' - hamilton-tanner


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
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) 350.4 366.8 + 5%

Group Net Profit (HK$ Million) 20.2 20.8 + 3%

Net profit as % of Sales 5.8% 5.7% - 0.1%

Basic Earnings Per Store 3.1 Cents 3.1 Cents -


Sep ytd 2002 financial results highlights
Sep YTD 2002 Financial Results Highlights

Sep YTD 2001Sep YTD 2002

Group Turnover (HK$ Million) 978.8 1,032.8 + 6%

Group Net Profit (HK$ Million) 49.5 52.5 + 6%

Net profit as % of Sales 5.1% 5.1% -

Basic Earnings Per Store 7.7 Cents 7.9 Cents + 3%



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


ad