Lotte Shopping Co., Ltd. INVESTOR RELATIONS 2009 년 4월 23 일
Disclaimer The information contained in this presentation has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of Lotte Shopping Co., Ltd. s financial or trading position or prospects. The information and opinions in this presentation are provided as at the date of this presentation and are subject to change without notice. None of Lotte Shopping nor any of its respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation. Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of Lotte Shopping, as defined in the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of forward-looking terminology such as anticipates, approximately, are expected to, believes, expects, intends, may, seeks, should, will, will continue, would be or similar expressions or the negative thereof or other variations thereof or comparable terminology. These forwardlooking statements include all matters that are not historical facts, and actual results may differ materially. Lotte Shopping undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Financial information presented herein are being reviewed by our independent auditor, and such figures are subject to change. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. The shares of Lotte Shopping have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or the securities laws of any state of the United States or other jurisdiction and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or local securities laws. The following presentation may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, reproduction or distribution of this presentation in whole or in part is unauthorized and may result in a violation of the Securities Act or the applicable laws of other jurisdictions. 2
09 년 1 분기실적 3
09 년 1 분기실적 Highlight 시장기대치를상회하는매출및이익신장 매출신장 +7.8% yoy, 영업이익신장 +11.5% yoy 백화점및슈퍼사업부의견실한기존점성장 백화점 : 4.4%, 슈퍼 : 5.4% 기존점역신장에도불구하고할인점영업이익률개선 할인점기존점신장율 : -2.2% 영업이익률 +20bp (08년 1분기 3.9% 09년 1분기 4.2%) 슈퍼사업부의매출기여도증가 08 년 1 분기 6.3% 09 년 1 분기 7.8% 4
Lotte Shopping at a Glance Financial Results ( 단위 : 십억원, %) 1Q 2008 1Q 2009 증감율 총매출액 2.7 tr 2.9 tr +7.8% 영업이익 205 229 +11.5% 법인세차감전순이익 306 258-15.7% 당기순이익 227 192-15.4% 5
백화점 : 괄목할만한성장 총매출 ( 단위 : 십억원 ) 영업이익 ( 단위 : 십억원 ) 11.8% 이익율 11.3% Key points 경기불황에도불구, 견실한매출신장 (+6.0% yoy) 1,396 + 6.0% 1,480 + 10.8% 174 157 325 견조한기존점신장으로신규점비용부담상쇄 방문객수증가 (+12.9% yoy) 1Q 2008 1Q 2009 1Q 2008 1Q 2009 명품상품군의성장지속 신장율 (yoy) 30% 상품군별매출신장율 * (yoy) 48.3% 수입명품 성공적인 MD 개편 - young concept 으로전환 원화약세에따른긍정적인효과발생 20% 10% 8.9% 8.6% 5.0% * 관리매출기준 22.9% 14.7% 7.3% 16.4% 9.6% FY07 1Q FY08 1Q FY09 1Q 잡화, 화장품 & 보석 영캐주얼 기존점영업이익율개선 : (08 년 1 분기 11.3% 09 년 1 분기 12.5%) 6
할인점 : 수익성개선의청신호 총매출 ( 단위 : 십억원 ) 이익율 3.9% 영업이익 ( 단위 : 십억원 ) 4.2% Key points 경쟁심화에따른기존점역신장 (-2.2% yoy). 1,059 + 4.7% 1,109 41 + 11.9% 209 46 기존점역신장에도불구, 비용개선을통한 견조한영업이익신장 (+11.9 yoy) 1Q 2008 1Q 2009 1Q 2008 1Q 2009 매출총이익률개선 : PB 상품의매출기여도 - 물류센터효과 (+0.2%p), PB 상품매줄증가 (+0.4%p) 17.2% 19.7% 견조한기존점영업이익율개선 : 10.6% 12.2% (08 년 1 분기 4.3% 09 년 1 분기 5.5%) 1.0% 3.0% 5.7% 2003 2004 2005 2006 2007 2008 FY09 1Q 7
기타사업부 : 사업다각화로사업기여도증가 Lotte 슈퍼 MS 1 위확보 Lotte 카드 리스크관리와수익성중시경영 Lotte 홈쇼핑 롯데시너지의강화 매출신장 +34.9%, 기존점신장율 +5.4% yoy M/S 증가 -08 년 4 분기 6.3% 09 년 1 분기 6.5% 업계최고의성장성 ( 총취급고신장 +37.2%, YOY) 영업이익신장 +65.0% yoy - 이익율 : 08년 1분기 2.4% 09년 1분기 2.9% 1분기 5개점추가로총 115점운영. 연체율증가로인한, 대손충당금증가와이익감소 ( 미사용한도에대한분기별대손충당 ) - 연체율 08 년 4 분기 1.90% 09 년 1 분기 2.25% 비자및마스터카드소유주식매각에따른일회성수익실현 :199 억원 카달로그사업매출기여도 8% 로증가 8
영업외손익분석 ( 단위 : 십억원 ) 2008 년 2009 년 1 분기 1 분기 영업이익 205 229 영업외손익 101 29 지분법이익 56 35 롯데카드 46 38 롯데미도파 7 8 롯데역사 5 4 롯데홈쇼핑 * -4-2 해외사업 ** -1-25 기타 *** 3 12 이자수익 13 8 이자비용 -7-14 기타 39 - 법인세차감전순이익 306 258 **** * 영업권상각 100억포함 ** 중국마크로 30억, 인도네시아마크로 50억영업권상각포함 *** 수증이익 90억포함 ( 푸드스타, 롯데기공 ) **** 유형자산처분이익 370억포함 ( 롯데마트 3개점 Sales & Lease back) 9
Appendix 10
Income Statement Lotte Shopping Lotte Department Store Lotte Mart (Unit: KRW bn) 2007 2008 2009 1Q 2Q 3Q 4Q YTD 1Q 2Q 3Q 4Q YTD 1Q Gross sales 2,429 2,376 2,468 2,812 10,085 2,705 2,634 2,630 3,000 10,970 2,915 Gross profit 697 696 705 825 2,923 788 776 764 893 3,222 860 Oprerating profit 184 192 168 213 757 205 202 149 213 769 229 (%) 7.6% 8.1% 6.8% 7.6% 7.5% 7.6% 7.7% 5.7% 7.1% 7.0% 7.9% EBITDA 250 265 245 299 1,059 277 281 233 313 1,104 313 Profit before tax 232 242 205 280 958 306 239 170 212 927 258 Net profit 172 180 152 188 692 227 168 123 224 743 192 2007 2008 2009 1Q 2Q 3Q 4Q YTD 1Q 2Q 3Q 4Q YTD 1Q Gross sales 1,319 1,269 1,177 1,609 5,374 1,396 1,371 1,223 1,668 5,657 1,480 Gross profit 430 424 384 534 1,772 457 457 400 553 1,866 489 Oprerating profit 150 163 121 212 646 157 169 114 199 639 174 (%) 11.4% 12.8% 10.3% 13.2% 12.0% 11.3% 12.4% 9.3% 11.9% 11.3% 11.8% EBITDA 182 197 157 251 786 190 204 150 245 789 215 2007 2008 2009 1Q 2Q 3Q 4Q YTD 1Q 2Q 3Q 4Q YTD 1Q Gross sales 943 922 1,054 968 3,888 1,059 994 1,092 1,024 4,169 1,109 Gross profit 212 212 244 219 887 250 237 264 242 994 270 Oprerating profit 31 27 38 9 105 41 28 29 12 111 46 (%) 3.3% 2.9% 3.6% 1.0% 2.7% 3.9% 2.8% 2.7% 1.2% 2.7% 4.2% EBITDA 59 57 70 46 232 72 61 64 52 249 79 11
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