Unión de Cervecerías Peruanas Backus y Johnston S.A.A. (BVL: BACKUSI1)

BACKUSI1 Income Statement

Financials in millions PEN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	7,349	7,360	6,731	5,799	4,272	5,662
Other Revenue	34.16	34.16	11.98	86.21	42.51	47.11
Revenue	7,383	7,394	6,743	5,885	4,315	5,710
Revenue Growth (YoY)	3.44%	9.66%	14.57%	36.40%	-24.43%	6.85%
Cost of Revenue	2,484	2,519	2,475	2,049	1,329	1,510
Gross Profit	4,899	4,876	4,268	3,837	2,986	4,200
Selling, General & Admin	1,896	1,791	1,601	1,497	1,228	1,253
Other Operating Expenses	42.26	-27.5	-32.51	-134.35	-0.13	82.28
Operating Expenses	1,939	1,764	1,568	1,363	1,227	1,336
Operating Income	2,961	3,112	2,700	2,474	1,759	2,864
Interest Expense	-31.99	-49.81	-98.18	-9.64	-8.9	-8.95
Interest & Investment Income	128.54	87.55	108.67	40.54	21.3	51.56
Currency Exchange Gain (Loss)	-54.63	-83.37	-36.24	-40.03	-19.08	11.42
Other Non Operating Income (Expenses)	-3.76	-3.76	-5.7	-12	-9.55	-10.3
EBT Excluding Unusual Items	2,999	3,062	2,668	2,453	1,742	2,908
Gain (Loss) on Sale of Assets	33.72	33.72	21.46	15.27	25.15	0.81
Asset Writedown	-47.52	-47.52	-39.04	-15.55	-10.62	-26.86
Other Unusual Items	-8.67	-8.67	-16.18	-1.27	-	-0.47
Pretax Income	2,976	3,040	2,635	2,451	1,757	2,881
Income Tax Expense	959.86	938.17	787.25	742.32	545.99	869.96
Earnings From Continuing Operations	2,016	2,102	1,847	1,709	1,211	2,011
Minority Interest in Earnings	-26.63	-28.47	-29.59	-25.88	-16.83	-23.07
Net Income	1,990	2,073	1,818	1,683	1,194	1,988
Net Income to Common	1,990	2,073	1,818	1,683	1,194	1,988
Net Income Growth	-1.50%	14.06%	8.01%	40.95%	-39.95%	9.30%
Shares Outstanding (Basic)	-	1,348	1,348	1,348	1,348	1,348
Shares Outstanding (Diluted)	-	1,348	1,348	1,348	1,348	1,348
EPS (Basic)	-	1.54	1.35	1.25	0.89	1.47
EPS (Diluted)	-	1.54	1.35	1.25	0.89	1.47
EPS Growth	-	14.06%	8.01%	40.95%	-39.95%	9.30%
Free Cash Flow	2,541	2,491	2,344	2,554	988.03	2,509
Free Cash Flow Per Share	-	1.85	1.74	1.89	0.73	1.86
Dividend Per Share	-	-	1.409	-	-	-
Gross Margin	66.36%	65.94%	63.30%	65.19%	69.20%	73.56%
Operating Margin	40.10%	42.08%	40.04%	42.03%	40.76%	50.17%
Profit Margin	26.95%	28.04%	26.96%	28.59%	27.67%	34.83%
Free Cash Flow Margin	34.42%	33.69%	34.76%	43.40%	22.90%	43.94%
EBITDA	3,333	3,467	3,029	2,806	2,044	3,137
EBITDA Margin	45.14%	46.88%	44.93%	47.67%	47.37%	54.94%
D&A For EBITDA	372.23	354.93	329.76	331.81	285.58	272.61
EBIT	2,961	3,112	2,700	2,474	1,759	2,864
EBIT Margin	40.10%	42.08%	40.04%	42.03%	40.76%	50.17%
Effective Tax Rate	32.25%	30.86%	29.88%	30.29%	31.08%	30.19%
Revenue as Reported	7,394	7,394	6,743	5,885	4,315	5,710
Advertising Expenses	-	234.1	233.56	252.35	239.4	267.76

Source: S&P Capital IQ. Standard template. Financial Sources.