Robinsons Retail Holdings, Inc.

the previous quarter. Full-year SSSG was at minus 8.7%. Given the heavy pantry loading in 2020 when the lockdown started in mid-March, aggressive expansion of both online and offline competitors, and ongoing renovations in key shop-wise and the marketplace stores. Meanwhile, e-commerce tripled in 2021, accounting for 3.7% of sales, above the 2.4% target. We aim to expand our e-commerce business with a sales contribution of 5.7% of sales for this year. Gross margin at 22.1% in 4Q and 21.5% in 2021, excluding the consolidation of Grovesari and No Brand to be comparable, gross margin expanded by 70 bps bps to 22.1 percent attributable to the stronger advertising support for category promotions higher business advancement support for new stores and increased revenues from new product listings the gains in gross margins trickled down to emit the margin with the life for life up by 30 bits to 8.6 percent in 4q and 50 dips to 8.8% in 2021. We have ended the year with 145 Robinsons Supermarket, 80 Robinsons Easy Mart, 34 The Marketplace, 16 Shopwise, and 11 No Brand for a total of 286 stores. Here's Tim for the drugstore segment.

Thank you, Stan. Net sales of the drugstore segment increased by 27.5% in fourth quarter to 6.9 billion, with full-year sales reaching 26.7 billion, up by 39.9%. E-commerce sales grew to 4.4% of sales, ahead of the 4.1% target. we expect to hit 6.9% ECOM contribution to total sales in 2022. Same-store sales of Southstar drug grew by 4% in fourth quarter from stronger demand for anti-diabetes, respiratory, and cardiovascular pharma products. Demand for fever and flu medicines remained high as customers anticipated a surge in COVID cases after the holiday season. The strong performance in the last three quarters negated the 18.7% decline in first quarter, resulting to a flattish steam store sales growth for the year. Blended gross margins increased by 240 dips in fourth quarter to 19.2% and 50 dips to 19.5% versus full year 2020, lifted by the continued alignment of trading terms and vendor support. EBITDA margin advanced by 300 bps to 10.1% in fourth quarter with notable gains from Rose Pharmacy. On a standalone basis, Rose Pharmacy EBITDA margin climbed by 400 bps to 7.5% but still lowered the 9% of South Star. Meanwhile, year-to-date EBITDA margin declined by 40 bps to 8.9% given the full year impact of Rose Pharmacy versus only the two months in 2020. As of end of December, there are 582 South Star Drug and 317 Rose Pharmacies and 2,030 TGP stores. Now I turn you over to Ted for the DIY segment. Thank you, Tin.

Good afternoon, everyone. The DIY segment posted net sales of 3.2 billion pesos in fourth quarter, lower by 12.5%. Full year net sales increased by 1.3% to 11.5 billion pesos. supported by the e-commerce sales which grew 2.5x contributing to 3.5 percent of sales surpassing the 2.5 target our goal for 2022 is increase the ecom sales contribution further to 5.2 percent of total diy sales although fourth quarter sssg was still weak at minus 8.1 percent This was an improvement from negative 10.6 in the last quarter, with YTD SSSG at 1.3%. The fourth quarter SSSG was lifted by the strong performance of the small appliance category, which registered positive double-digit SSSG. Gross margins increased by 30 bps to 29.4% in the fourth quarter. due to the intentional lifting of discounts during October and November. Meanwhile, full-year gross margins was down by 90 bps to 31.6% due to more promotional events in the year. Softer sales and higher OPEX compressed EBITDA margins to 12.3% for the fiscal year of 2021. Our DIY portfolio totaled 227 stores comprising of 180 handyman do-it-best, 31 true value, and 16 Robinsons builders. Next is Ms. Selena of the department store segment.