Del Monte Philippines - Investors

DMPI sales reached P34.5bn, up 8% from prior year
The Philippine business accounted for P19.2bn or 56% of total sales
- Philippine sales grew by 10%
- Both general trade and modern trade sales were up
- Offset decline in foodservice
The international market's sales rose 8%
Operating profit of P6.2bn, up 34%
Net profit of P4.6bn, up 33%
Net debt to equity ratio of 1.5x

FY = May to April	FY2019	FY2020	FY2021
(Amounts in PhP '000 unless otherwise stated)
Profitability
Revenues	28,761,553	31,916,290	34,464,604
Gross Income	6,751,385	8,532,050	10,362,734
EBITDA	4,252,212	5,712,716	7,450,865
Operating Income	3,482,248	4,610,838	6,188,111
Net Income	2,578,745	3,473,612	4,616,160
EPS (in PhP)	0.92	1.24	1.65
Gross Margin (%)	23.5	26.7	30.1
EBITDA Margin (%)	14.6	17.7	21.6
Operating Margin (%)	12.1	14.4	18.0
Net Margin (%)	9.0	10.9	13.4
EPS Growth (%)	-30.8	34.8	33.1
Return on Equity (%)	12.1	31.4	43.1
Return on Assets (%)	6.7	10.4	12.8
Balance Sheet
Cash	563,934	1,170,916	1,004,815
Debt	12,836,102	14,442,750	17,258,581
Net Debt	12,272,168	13,271,834	16,253,766
Fixed Assets	11,141,160	15,340,067	16,498,849
Total Assets	38,647,268	33,537,651	36,013,094
Shareholders' Equity	21,393,256	11,048,103	10,706,810
Net Tangible Asset Per Share (in PhP)	7.6	3.9	2.8
Net Debt to Equity Ratio (%)	57.4	120.1	151.8
Cash Flow
Cash Flow from Operations	6,711,538	5,680,458	5,093,243
Capital Expenditure	5,328,912	5,525,794	6,616,319

Highlights