San Miguel Corporation · PSE:SMC
San Miguel — H1 2002 Earnings Presentation
10 slides from San Miguel's earnings presentation, Aug 8, 2002
Slide 1: Investors' Briefing: First Half Results, August 8, 2002
INVESTORS’ BRIEFING FIRST HALF RESULTS AUGUST 8, 2002
Slide 2: Growth on track; delivering improved earnings
San Miguel Corporation - Consolidated Growth on track; delivering improved earnings Second Quarter FirstQuarter Second Half (in billion pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P35.94 P 30.69 17% P66.11 P 53.08 25% Op. Income 3.55 2.79 27% 6.08 5.16 18% Net Income 1.89 2.10 -10% 3.00 3
Slide 3: Beer Philippines: Higher 2nd Q volumes drive beer growth
Beer Philippines Higher 2nd Q volumes drive beer growth Second Quarter Second FirstQuarter Half (in billion pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P 6.68 P 5.82 15% P 13.3 P 13.0 3% Income from 1.31 1.15 14% 2.57 2.48 4% Operations Volume 33.6 29.0 16% 66.9 65.6 2% (mil cases)
Slide 4: China market increasingly competitive; Vietnam and Australia post strong gains
Beer International China market increasingly competitive; Vietnam and Australia post strong gains Second Quarter Second FirstQuarter Half (in million US$) 2002 2001 Change % 2002 2001 Change % Net Sales $ 60.9 $58.2 5% $114.0 $ 112.0 2% Income from -0.74 1.8 -141% -1.71 1.49 -215% Operations Volume
Slide 5: Going-to-market strategy reverses decline in 1st Q
Coca-Cola Bottlers Philippines, Inc. Going-to-market strategy reverses decline in 1st Q Second Quarter Second FirstQuarter Half (in Billion Pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P10.8 P7.43 45% P 17.8 P 8.45 110% Income from 1.43 0.48 200% 1.55 0.58 168% Operations Volume 112.6 77.9
Slide 6: Higher revenues; problems in container shortage addressed
Cosmos Bottling Corp. Higher revenues; problems in container shortage addressed Second Quarter Second FirstQuarter Half (in Billion Pesos) 2002 2002 2001 2002 Change % Net Sales P4.45 P 2.55 Income from 0.51 0.36 Operations Volume 69.6 39.9 (mil cases)
Slide 7: Packaging beset by higher raw material prices and greater competition
Packaging Group Packaging beset by higher raw material prices and greater competition Second Quarter Second FirstQuarter Half (in Billion Pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P 3.93 P 3.41 15% P7.58 P 6.96 9% Income from 0.4 0.36 11% 0.81 0.85 -4% Operations Volume 7% -1% (mil case
Slide 8: Combined Food Group poised to benefit from synergies
Food Group Combined Food Group poised to benefit from synergies (in Billion Pesos) 2001 includes Second Quarter Second FirstQuarter Half April-June 2001 Change % 2002 2002 2001 Change % of PureFoods Net Sales P 9.49 P 8.57 11% P17.9 P 13.1 37% Income from 0.4 0.51 -22% 0.65 0.65 -1% Operations Volum
Slide 9: Weakness in consumer demand constrain price adjustments
Food Group Weakness in consumer demand constrain price adjustments Poultry Meats (SMFI & Pure Foods Corp.) (Monterey Foods Corp.) • Chicken volume up 6% • Pork volume up 24%; Beef up • Revenue down 1% to P5.26B 43%; Value added down 31% • Op. Inc. of P60M • Revenue up 29% to P2.19B • Op. Inc. of P94
Slide 10: Visit our website
Visit our website www.sanmiguel.com.ph