Financial statements analysis SABECO

1.4 ANALYZE FINANCIAL RATIOS 02 01 Analysis of short-term debt solvency Analysis of long-term debt solvency... Analysis of short-term debt solvency1.1 Analysis of short-term debt solvenc

Analysis the

Business Statement in

SABECO Quarter 1-2020 to Quarter 3-2021

Our Team Style

Pham Tuan Hung Ho Quoc Lap Le Thi Ngoc Bich Nguyen Hoang Thuy Dung

INTRODUCTION ABOUT SABECO

CORPORATION

General Information

Legal Name Tổng Công ty Cổ phần Bia - Rượu -

Nước giải khát Sài Gòn

International Name Saigon Beer – Alcohol – Beverage

Corporation

HeadQuarter 187 Nguyễn Chí Thanh Street, Ward 12,

District 5, Hồ Chí Minh City, Việt Nam

Business Field

Producing, trading in

beer ,wine, soft drink,

alcohol and mineral

water.

Purchase and sale of supplies raw materials and equipment for the beer- alcohol-beverage industry.

Currently investing in Finance, Real Estate.

Market Share in Viet Nam

Beer- Alcohol Market Share in Viet Nam

Sabeco Heneiken Habeco Carisberg Viet Nam Other

Total assets

Short-term assets

Cash and cash equivalents

Short-term receivables

Inventories

Long-term assets

Fixed-assets

Changes in asset structure

Liabilities

Short-term liabilities

Long-term liabilities

Changes in capital structure

Turnover and Profit

after Tax in Sabeco

The Grow of Turnover and Profit after Tax increased in 2020, but deceased dramatically in 2021 Especially in Quarter 3-2021, the turnover decreased by 40.57% compared to Quarter 2-2021.

Quarter 1-2020 Quarter 2-2020 Quarter 3-2020 Quarter 4-2020 Quarter 1-2021 Quarter 2-2021 Quarter 3-2021

Turnover and Profits after Tax in Sabeco

Turnover Profit after tax of company Quarter 1-2020 Quarter 2-2020 Quarter 3-2020 Quarter 4-2020 Quarter 1-2021 Quarter 2-2021 Quarter 3-2021

Turnover and Profits after Tax in Sabeco

Turnover Profit after tax of company

Structure of Profit in Sabeco

Quarter 1-20200% Quarter 2-2020 Quarter 3-2020 Quarter 4-2020 Quarter 1-2021 Quarter 2-2021 Quarter 3-2021 10%

Structure of profit in Sabeco

Financial Income Net profit from operating activities Other Profits

Structure Cost in Sabeco

Quarter 1-20200% Quarter 2-2020 Quarter 3-2020 Quarter 4-2020 Quarter 1-2021 Quarter 2-2021 Quarter 3-2021

0.03 0.04 0.03 Structure of Cost in Sabeco 0.02 0.03 0.02 0.04

Financial Charges Selling expenses Other Expenses Cost of Goods Sold Enterprise Cost Management

Sabeco hardly invested in new

projects because kept a large

amount of cash and short term

investment, accounting for

66% of total assets

In 2020, the company's business

situation is quite good when the

company's profit after tax

increases in value and

proportion.

The company tends to invest finance outside instead of borrowing to expand the company's operations.

In 2021, profit after tax decreased sharply, mainly because the company's expense items increased in both value and proportion

Analyze cash flow

statement

The statement of cash flows is a part of financial

statements and it shows where a business's cash flows are going, going, and coming from.

CASH FLOWS FROM OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

Cash and cash equivalent at end of year

CASH FLOWS FROM

OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES

The cash flow from financing activities was negative but there were positive changes, this is a good sign, which proves that the enterprise was able to pay to get more principal each year

CASH FLOWS FROM FINANCING ACTIVITIES

• The main source of money of Sabeco Company mainly comes from business activities

 stable business model, maintain profit side, maintain profit, maintain competitive advantage in the market

1.4 ANALYZE

FINANCIAL RATIOS

1.4 ANALYZE FINANCIAL RATIOS

02

01

Analysis of short-term debt solvency

Analysis of long-term debt solvency

1 Analysis of short-term debt solvency

1.1 Analysis of short-term debt solvency

The above figures show that the company's short-term debt solvency is still at a good level

The company and Decree 100/2019/ND-CP heavily penalizing drinking and driving are factors that are having great impacts on SAB's growth

Therefore, the company needs to have policies to develop and use the following capital appropriately, contributing to maintaining a stable financial situation and improving the short-term solvency of the company

1.2 Quick ratio analysis 1.3 Analysis of instant solvency ratio.

In both years, the company's quick ratio reached

a high level, well above the industry average in

the preceding quarters

Xây dựng đội ngũ cán bộ, công chức

trong sạch, có năng lực

The company's solvency ratio has been relatively low in the past, indicating that it is having difficulty repaying debt with its available cash

As a result, initiatives to increase the company's liquidity should be implemented The company's liquidity is ensured via instant settlement

1.4.2 Analysis of long-term debt solvency

1.4.2.1

The ratio of liabilities to total assets

In comparison to the industry average

in the quarters, the business's debt to total assets ratio is pretty excellent, and the coefficients are lower than the industry average, indicating that the company is stable and has solid financial management

1.4.2 Analysis of long-term debt solvency

1.4.2.2

The ratio of liabilities to equity

In all two years, the company's equity ratio has been significantly lower than the industry average, indicating that investors‘ ability to finance and the financial structure of the business are excellent, and the company's financial autonomy has always been superior to that of other companies in the same industry

debt-to-1.4.2 Analysis of long-term debt solvency

1.4.2.3

Loan interest payment ratio

When we look at the coefficients of the firm's long-term debt solvency, we can see that, while there are still some negative signs for the company, the coefficients are generally steady set and lower than the average in the industry This demonstrates that the firm has a high level of financial autonomy and that its financial condition is improving.

1.4.3 Analysis of performance evaluation indicators

1.4.3.1 Inventory turnover and inventory days

When compared to the industry average of 1.65 turns,

the company's inventory turnover is much lower

However, the manufacturing of beer, wine, and soft

drinks, which are difficult to keep for a long period, is

a feature of the company's goods Long-term

inventory will have an impact on product quality, thus

the corporation must take steps to assist inventory

sell faster

1.4.3 Analysis of performance evaluation indicators

1.4.3.2 Accounts receivable turnover and

average collection period.

In comparison to the industry average of 11.62

rounds, the number of receivables turnover in the

year gradually increased, resulting in a significant

increase in the company's debt collection ability As

receivables decreased, the amount of capital

occupied by customers also decreased, allowing the

company to pay short-term debts more easily and

avoid bad receivables.

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1.4.3 Analysis of performance evaluation indicators

1.4.3.3 Total asset turnover

We can tell that the company's performance is pretty

stable by looking at the company's performance

metrics Although overall asset turnover is higher

than the industry average, asset and receivable

turnover are both falling, though not significantly

However, organizations must discover ways to

enhance their operational efficiency in order to

increase earnings.

1.4.4 Analyze

profitability

ratios

1.4.4.1 Return on Net Sales (ROSA)

In particular, the decrease in profit after tax is due to the

decrease in sales, the increase in selling expenses and the increase in administrative expenses The company must focus a lot on cost management as well as quickly increasing profits.

1.4.4.2 Return on Average Assets (ROAA)

We can observe that the rate of return on total assets progressively increased from 2020 to the third quarter of

2021, but then began to decline The return on total assets is always higher than the industry average when compared to the industry average

1.4.4 Analyze

profitability

ratios

1.4.4.3 Return on Average Equity (ROEA)

When the company's ROEA is compared to the industry

average ROEA for each quarter, all seven quarters are lower The corporation has to develop policies to make

better use of assets and increase profitability.

1.4.4.4 Average long-term return on capital (ROCE)

We can observe from the profitability metrics that the corporation uses capital inefficiently and poorly Despite the fact that profitability ratios grew in 2020, they dropped dramatically in the third quarter of 2021

Make premium beer products

The level of awareness and trust in beer products in Vietnam

High-class Segment

Middle-class Segment

Popular Segment

Produce Beer 0 degree

Reason

Sabeco's competitor is Heneiken launched

Heineken® as a pioneer with the Heineken®

0.0 product line first launched in the

Netherlands in 2017 and now available in 57

markets worldwide With the launch in

mid-March 2020 in Vietnam, Heineken® 0.0 with

marketing campaign in platform facebook and

tiktok "#NowYouCan – Nothing Impossible"

The law on prevention of harmful effects of

alcohol in Degree 100, which took effect on

January 1, 2020, has had the effect of

regulating the drinking habits of many people

the non-alcohol beer market have grow rate is

20% per year.

In the high-end beer segment with

strict requirements from customers,

Sabeco should prioritize the

production of a limited number of

high-quality products to increase the

attraction of new beer products.

We will advertise products through

online channels to effectively reach

customers faster Vietnamese users are

trusting gradually online advertising,

especially online video advertising

and search engine advertising.

The Online Advertising Method that Vietnamese

trust and use the most

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