San Miguel Corporation · PSE:SMC
San Miguel — FY2016 Earnings Presentation
28 slides from San Miguel's earnings presentation, Mar 16, 2017
Slide 1: Investors' Briefing 2016 Total Year Results
SAN MIGUEL CORPORATION INVESTORS’ BRIEFING 2016 TOTAL YEAR RESULTS 16 March 2017 San Mi iguel BREWERY INC.
Slide 2: Peso Fixed Rate Bond - SMC
Peso Fixed Rate Bond SMC: AMOUNT = P20 BILLION 1 SERIES TENOR RATE Series A 5 Years 4.8243% 2 Series B 7 Years 5.2840% Series C 10 Years 5.7613% LISTING DATE - March 1, 2017 investors’ briefing 2016 total year results 2
Slide 3: Peso Fixed Rate Bond - Petron
Peso Fixed Rate Bond PETRON: AMOUNT = P20 BILLION 1 SERIES TENOR RATE Series A 5 Years 4.0032% 2 Series B 7 Years 4.5219% LISTING DATE - October 27, 2016 investors’ briefing 2016 total year results 3
Slide 4: San Miguel Corporation Full-Year 2016
SAN MIGUEL CORPORATION FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 685,314 672,243 2% Income from Operations 99,654 80,549 24% Net Income 52,240 28,993 80% EBITDA 130,875 110,208 19% investors’ briefing 2016 total year results 4
Slide 5: San Miguel Brewery Inc. Full-Year 2016
SAN MIGUEL BREWERY INC. FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 97,160 82,374 18% Income from Operations 27,188 22,631 20% Net Income 17,658 13,518 31% investors’ briefing 2016 total year results 5
Slide 6: Ginebra San Miguel Inc. Full-Year 2016
GINEBRA SAN MIGUEL INC. FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 18,572 16,628 12% Income from Operations 978 621 58% Net Income 361 (386) 194% investors’ briefing 2016 total year results 6
Slide 7: San Miguel Pure Foods Full-Year 2016
SAN MIGUEL PURE FOODS COMPANY INC. FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 111,586 106,860 4% Income from Operations 8,931 7,644 17% Net Income 5,976 4,752 26% investors’ briefing 2016 total year results 7
Slide 8: Pure Foods: Agro-Industrial Revenue
SAN MIGUEL PURE FOODS COMPANY INC. Agro-Industrial IN MILLION PESOS REVENUE +5% 76,495 72,559 2015 2016 investors’ briefing 2016 total year results 8
Slide 9: Pure Foods: Milling Revenue
SAN MIGUEL PURE FOODS COMPANY INC. Milling IN MILLION PESOS REVENUE -4% 10,256 9,794 2015 2016 investors’ briefing 2016 total year results 9
Slide 10: Pure Foods: Branded Value-Added Revenue
SAN MIGUEL PURE FOODS COMPANY INC. Branded Value - Added IN MILLION PESOS REVENUE +7% 27,634 25,725 2015 2016 investors’ briefing 2016 total year results 10
Slide 11: Pure Foods: Food Service
SAN MIGUEL PURE FOODS COMPANY INC. Food Service Fast Food Chains Convenience Stores Pizza Chains Hotels & Restaurants investors’ briefing 2016 total year results 11
Slide 12: San Miguel Packaging Group Full-Year 2016
SAN MIGUEL PACKAGING GROUP FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 27,386 25,050 9% Income from Operations 2,584 2,344 10% investors’ briefing 2016 total year results 12
Slide 13: SMC Global Power Holdings Full-Year 2016
SMC GLOBAL POWER HOLDINGS CORP. FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 77,972 77,507 1% Income from Operations 26,730 23,703 13% investors’ briefing 2016 total year results 13
Slide 14: Greenfield Power Projects: Malita
GREENFIELD POWER PROJECTS M A L I T A 2 X 15 0 M W POWER PLANT investors’ briefing 2016 total year results 14
Slide 15: Greenfield Power Projects: Limay
GREENFIELD POWER PROJECTS L I M A Y 4 X 15 0 M W POWER PLANT investors’ briefing 2016 total year results 15
Slide 16: Petron Corp. Full-Year 2016
PETRON CORP. FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 343,840 360,178 -5% Income From Operations 23,797 18,134 31% Net Income 10,822 6,270 73% Volume (in million barrels) 104.3 98.0 6% investors’ briefing 2016 total year results 16
Slide 17: Petron Sales Volume Performance
PETRON CORP. SALES VOLUME PERFORMANCE (MM BARRELS) PH MY 62.0 65.8 36.0 38.4 2015 2016 2015 2016 investors’ briefing 2016 total year results 17
Slide 18: Petron: Dubai Crude Average
PETRON CORP. DUBAI CRUDE (AVG.) $50.91/bbl $41.27/bbl 2015 2016 investors’ briefing 2016 total year results 18
Slide 19: Petron: Service Stations
PETRON CORP. SERVICE STATIONS ~2300 ~580 PH MY Philippines Malaysia investors’ briefing 2016 total year results 19
Slide 20: Infrastructure Business Full-Year 2016
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS FULL-YEAR 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 19,866 17,623 13% Income from Operations 9,849 9,256 6% investors’ briefing 2016 total year results 20
Slide 21: Infrastructure: NAIA Expressway
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS NAIA EXPRESSWAY Ramps from Macapagal Ave. (Ramps 15-16) Toll Plazas in Phase 2A Ramp 1 Toll Plaza investors’ briefing 2016 total year results 21
Slide 22: Infrastructure: Boracay Airport
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS BORACAY AIRPORT investors’ briefing 2016 total year results 22
Slide 23: Infrastructure: Skyway Stage
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS SKYWAY STAGE 3 Ongoing works on Section 1 Ongoing works on Section 4 Ongoing works on Section 3 investors’ briefing 2016 total year results 23
Slide 24: Infrastructure: TPLEX
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS TPLEX Carmen Toll Plaza Binalonan Toll Plaza investors’ briefing 2016 total year results 24
Slide 25: Infrastructure: MRT-7
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS MRT -7 Initial drilling and excavation @ Doña Carmen Positioning of steel casing @ Doña Carmen Installation of rebar cage @ Doña Carmen investors’ briefing 2016 total year results 25
Slide 26: Infrastructure: Bulacan Bulk Water
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS BULACAN BULK WATER Soil excation & Slope trimming Completed Iron pouring concrete Bars & formworks installation Concrete pouring & lower ground wall investors’ briefing 2016 total year results 26
Slide 27: SMC Financial Position
SMC FINANCIAL POSITION IN BILLION PESOS 2016 2015 Total Assets 1,307 1,246 Cash 203 181 Interest –bearing Debt 518 515 Current Ratio 1.26x 1.32x Total Liabilities to Equity Ratio 1.99x 2.24x Interest-bearing Debt to Equity Ratio 1.19x 1.34x Net-Debt-to-EBITDA 1.91x 2.57x investors’ briefing 2016 tot
Slide 28: Thank You
THANK YOU. VISIT OUR WEBSITES CONTACT US San Miguel Corporation - www.sanmiguel.com.ph SMC Investor Relations +632 632 3752 San Miguel Brewery Inc. - www.sanmiguelbrewery.com.ph +632 632 3422 Ginebra San Miguel Inc. - www.ginebrasanmiguel.com San Miguel Pure Foods Co. Inc. - www.sanmiguelpurefoods.c