SSI

Group Posts 49% increase in YTD Sept. Net Income, Continues to Benefit
From Store Expansion Program

SSI Group, Inc. posted net income of PhP674m for the first nine months of the year,
49% higher than the same period last year. The Groups performance was driven by
the continued expansion of its store network and brand portfolio and sustained
gross profit margin levels.

Year to date Sept. 30, 2014 revenues increased by 16% to PhP10B. Over the 12
month period ended Sept. 30, the Group added a net of 87 new stores, or an
additional 23k sq.m. to its store network. This increased the Groups retail footprint
by 24%, as compared to Sept. 30, 2013.

The Group is in the process of expanding its store network as it seeks to capitalize
on favorable market conditions, evolving consumption patterns and consumer
tastes and the availability of prime retail space in new and existing mall
developments.

Gross profit margins remained healthy at 56% as compared to 50% during the year
ago period as the Group continued to benefit from strong sell through rates. YTD
Sept. 30, 2014 the Group generated EBITDA of P2.0B an increase of 80% y-o-y.

SSI is entering the fourth quarter on strong footing as we continue to reap the
benefits of our store expansion program and of initiatives implemented to enhance
profitability. We are optimistic that we will meet this years targets and we have
seen a strong start to the Christmas shopping season.

As of Sept. 30 the Group operated 672 specialty stores covering 118,000 sq.m. as
well as 66 Family Mart stores.