SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported) Aug 10, 20222. SEC Identification Number 00000863353. BIR Tax Identification No. 000-417-352-0004. Exact name of issuer as specified in its charter Monde Nissin Corporation5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Felix Reyes Street, Barangay Balibago, City of Santa Rosa, LagunaPostal Code40268. Issuer's telephone number, including area code +632775975959. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
17,968,611,496
11. Indicate the item numbers reported herein Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Monde Nissin CorporationMONDE
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Monde Nissin posts 18.9% revenue growth in its domestic business for Q2, bringing first half consolidated revenue growth to 10.1%. (Press Release)
Background/Description of the Disclosure
Monde Nissin Corporation will be releasing Briefing Materials for its 1H Earnings Call relating to its First Half 2022 Financial Performance, along with a Press Release titled "Monde Nissin posts 18.9% revenue growth in its domestic business for Q2, bringing first half consolidated revenue growth to 10.1%"
Based on Monde Nissin Corporation's ("Monde Nissin" or the "Company"; PSE stock symbol: MONDE) unaudited financial results for the first half of the year ended June 30, 2022, consolidated revenue increased 10.1% to Php 37.2 bn for the first half as growth accelerated in Q2 to 13.1%, driven by the strong performance of the APAC BFB domestic business.
Gross profit grew by 1.2% to Php 12.8 bn in the first half and 7.4% to Php 6.3 bn in Q2, due to gross profit improvements in the APAC BFB business. Gross margin for the first half, however, declined by 300 bps year-on-year to 34.4% due to elevated input costs, partly covered through price increases and volume growth.
Year-on year, first half core EBITDA declined by 6.3% to Php 6.8 bn due mainly to increasing logistical costs and investments in organizational resources.
Core net income attributable to shareholders for the first half saw a decrease of 4.1% to Php 4.1 bn, while reported net income ended at Php 4.3 bn, benefiting from lower interest expense due mainly to the repayment of the Arran convertible note and bank loans, and the absence of the 2021 IPO-related expenses.
Other Relevant Information
This disclosure has been amended due to a minor data revision on the Meat Alternative figure comparing 1H2022 Core EBITDA excluding the US business ("ex-US") and the 1H2021 core EBITDA ex-US. The update does not affect the Group's performance for 1H 2022.
To clarify, Meat Alternative Core EBITDA for the first half showed a decline of 49.9% year-on-year to Php 444mn due to investments in brand-building activities and resource strengthening. However, a substantial investment in the US market contributed to this decline. Excluding this, Meat Alternative first half core EBITDA declined 23%. Continued investment plans in the US are being evaluated to better align spending with the current market opportunity.
Please see attached full version of the Amended Press Release under SEC Form 17-C.
Filed on behalf by:
Name
Jon Edmarc Castillo
Designation
Chief Compliance Officer
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Monde Nissin Corporation published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 02:00:08 UTC.
Monde Nissin Corporation is a Philippines-based company, which is engaged in manufacturing, processing, baking, packaging, servicing, repacking, assembling, importing, exporting, buying, selling, trading or otherwise dealing in all kinds of goods, wares and merchandises, which are or may become articles of commerce such as but not limited to noodles, candies, confectionaries, biscuits, cakes and other foods, drugs and cosmetics. The Company operates through two segments: Asia-Pacific Branded Food & Beverage (APAC BFB) and Meat Alternative. The APAC BFB manufactures and distributes a diverse mix of biscuits, bakery products, beverages, instant noodles, and pasta. The Meat Alternative manufactures and distributes a variety of meat alternative brands and products to the retail trade and food service customers in the United Kingdom, United States, Europe (EU) and Asia-Pacific. Its brands include Lucky Me, Mama Sitaâs, and Dutch Mill.
MONDE NISSIN CORPORATION 
