San Miguel Corporation · PSE:SMC
San Miguel — H1 2005 Earnings Presentation
11 slides from San Miguel's earnings presentation, Aug 11, 2005
Slide 1: First Half Report
2005 First Half Report SAN MIGUEL CORPORATION / GINEBRA SAN MIGUEL, INC. August 11, 2005
Slide 2: San Miguel Corporation – Consolidated
San Miguel Corporation – Consolidated Margin squeeze due to higher debts and cost to operate (in billion pesos) 2005 2004 Change Net Sales P 100.6 P 81.3 24% Inc. from Operations P 7.84 P 7.87 0% Net Income P 3.85 P 4.00 - 4% EBITDA P 13.0 P 12.5 4% EPS 1.29 1.41
Slide 3: Beer Philippines
Beer Philippines Volume level sustained; margins holding up (in billion pesos) 2005 2004 Change Sales Revenue P 20.4 P 18.3 11 % Operating Income P 4.33 P 4.00 8%
Slide 4: Beer International
Beer International Strong volume; surge in operating income (in million US $) 2005 2004 Change Sales Revenue $ 131.8 $ 120.9 10 % Operating Income $ 2.21 $ 0.44 **
Slide 5: Ginebra San Miguel
Ginebra San Miguel Weak liquor market; mounting cost pressures (in billion pesos) 2005 2004 Change Sales Revenue P 6.23 P 6.04 3% Operating Income P 0.78 P 1.40 -44 % Net Income P 0.48 P 0.95 -50 %
Slide 6: Coca-Cola Beverage Group
Coca-Cola Beverage Group Upturn in 2nd qtr sales; unabated rise in operating costs (in billion pesos) 2005 2004 Change Sales Revenue P 20.0 P 21.4 -6 % Operating Income P 0.70 P 2.01 -65 %
Slide 7: Berri Limited
Berri Limited Even performance from Berri (in million Aus $) 2005 2004 * Change Sales Revenue $ 247.3 $ 241.8 2% Operating Income $ 13.7 $ 13.6 0% * Acquired in july 2004
Slide 8: Packaging Group
Packaging Group Another period of strong performance (in billion pesos) 2005 2004 Change Sales Revenue P 10.3 P 8.20 26% Operating Income P 1.43 P 1.20 20%
Slide 9: Food Group
Food Group Major recovery for most segments (in billion pesos) 2004 2003 Change Sales Revenue P 29.1 P 27.8 5% Operating Income P 1.05 P 0.96 9%
Slide 10: Food Group: Major recovery for most segments
Food Group Major recovery for most segments Chicken, Feeds & Flour Processed Meats (San Miguel Foods, Inc.) (PF-Hormel) • Revenue up 17% to P17.3B • Revenue up 19% to P4.25B • Op. Inc. of P672M • Operating income of P247M Basic Meats BMC with Milk and JellyAce (Monterey Foods Corp.) (Magnolia with S
Slide 11: First Half Report
2005 First Half Report SAN MIGUEL CORPORATION / GINEBRA SAN MIGUEL, INC. www.sanmiguel.com.ph