San Miguel Corporation · PSE:SMC
San Miguel — FY2020 Earnings Presentation
19 slides from San Miguel's earnings presentation, Mar 11, 2021
Slide 1: SEC Form 17-C Current Report
C01610-2021 SECURITIES AND EXCHANGE COMMISSION SEC 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) Mar 11, 2021 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: PSE Disclosure Form 4-30 - Material Information
PCOR SERIES C BONDS DUE 2024 (IN MIL 13,200 PESO) PCOR SERIES D BONDS DUE 2025 (IN MIL 6,800 PESO) TOTAL DEBT AS OF DEC 31, 2020 (IN MIL 197,158 PESO-CONSO) 11. Indicate the item numbers reported herein Item 9 The Exchange does not warrant and holds no responsibility for the veracity of the facts an
Slide 3: Filed on behalf by
Filed on behalf by: Name Jhoanna Jasmine Javier-Elacio Designation Legal Manager and Assistant Corporate Secretary
Slide 4: Letter to Philippine Stock Exchange
March 11, 2021 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 6th Floor, PSE Tower 5th Avenue corner 28th Street Bonifacio Global City, Taguig City Attention: Ms.Janet A. Encarnacion Head, Disclosure Department PHILIPPINE DEALING & EXCHANGE CORP. 29th Floor, BDO Equitable Tower 8751 Paseo de
Slide 5: Investors' Briefing 2020 Full-Year Results
INVESTORS’ BRIEFING 2020 FULL-YEAR RESULTS March 11, 2021 SAN MIGUEL PACKAGING GROUP
Slide 6: San Miguel Corporation Latest Developments
SAN MIGUEL CORPORATION L AT E S T D E V E L O P M E N T S - SMC issued and listed in the PSE its P13.8 billion Series 2-K preferred shares with an interest rate of 4.5% per annum last December 10, 2020 - SMC Global Power issued and listed the following day in the SGX its $350 million Senior Perpetua
Slide 7: Skyway Stage 3
SAN MIGUEL CORPORATION S K Y W AY S TA G E 3 Partially opened last December 29, 2020 Inaugurated and opened to motorists last January 14, 2021 3
Slide 8: San Miguel Corporation
SAN MIGUEL CORPORATION IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 725,797 1,020,502 -29% 352,796 373,001 6% Income from Operations 71,476 115,715 -38% 14,928 56,548 279% Net Income 21,879 48,574 -55% (3,988) 25,867 749% EBITDA 125,929 164,058 -
Slide 9: San Miguel Food and Beverage, Inc.
SAN MIGUEL FOOD AND BEVERAGE, INC. IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 279,290 310,785 -10% 122,815 156,475 27% Income from Operations 33,412 47,781 -30% 11,363 22,049 94% Net Income 22,401 32,279 -31% 7,338 15,063 105% 5
Slide 10: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. (a Division of San Miguel Food and Beverage, Inc.) IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 107,928 142,272 -24% 42,793 65,135 52% Income from Operations 24,467 38,720 -37% 7,359 17,108 132% Net Income 17,455 27,285 -3
Slide 11: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. (a Division of San Miguel Food and Beverage, Inc.) IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 36,202 29,063 25% 14,843 21,359 44% Income from Operations 3,806 2,878 32% 1,807 1,999 11% Net Income 2,757 1,672 65% 1,257 1,
Slide 12: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 135,170 139,459 -3% 65,180 69,990 7% Income from Operations 5,185 6,216 -17% 2,246 2,939 31% Net Income 2,871 3,449 -17% 1,338 1,533
Slide 13: San Miguel Foods Full-Year 2020
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) FULL-YEAR 2020 2 1 3 3 1 Feeds and veterinary medicine 2 Poultry and fresh meats 3 Refrigerated and canned meats, dairy, spreads, biscuits, and coffee 9
Slide 14: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 31,504 37,874 -17% 14,512 16,992 17% Income from Operations 961 3,598 -73% 318 644 103% 10
Slide 15: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 115,029 135,060 -15% 57,177 57,852 1% Income from Operations 36,923 35,954 3% 18,120 18,803 4% Net Income 18,874 14,364 31% 9,063 9,811 8% 11
Slide 16: Petron Corporation
PETRON CORPORATION IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 286,033 514,362 -44% 152,357 133,676 -12% Income from Operations (4,629) 16,199 -129% (14,543) 9,914 168% Net Income (11,413) 2,303 -596% (14,236) 2,823 120% 12
Slide 17: SMC Infrastructure
SMC INFRASTRUCTURE IN MILLION FULL – YEAR 2020 SEMI-ANNUAL 2020 PESOS 2020 2019 CHANGE 1H2020 2H2020 CHANGE Net Sales 14,565 23,406 -38% 6,675 7,890 18% Income from Operations 2,571 11,444 -78% 951 1,620 70% *Manila North Harbor Ports results deconsolidated effective April 26, 2019 13
Slide 18: SMC Financial Position
SMC FINANCIAL POSITION IN BILLION PESOS 2020 2019 Total Assets 1,912 1,818 Cash 347 286 Interest –bearing Debt 908 852 Current Ratio 1.60x 1.46x Total Liabilities to Equity Ratio 1.92x 2.16x Interest-bearing Debt to Equity Ratio 1.39x 1.48x EBITDA-to-Total Interest Expense 2.44x 3.02x Net Debt-to-To
Slide 19: Thank You
THANK YOU. VISIT OUR WEBSITES San Miguel Corporation - www.sanmiguel.com.ph San Miguel Brewery Inc. - www.sanmiguelbrewery.com.ph Ginebra San Miguel Inc. - www.ginebrasanmiguel.com San Miguel Food and Beverage, Inc. - www.smfb.com.ph Petron Corporation - www.petron.com SMC Global Power Holdings Corp