San Miguel Corporation · PSE:SMC
San Miguel — H1 2014 Earnings Presentation
21 slides from San Miguel's earnings presentation, Aug 11, 2014
Slide 1: Letter to Philippine Stock Exchange
August 11, 2014 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 3rd Floor, Philippine Stock Exchange Center Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head, Disclosure Department Subject: SMC Investors’ Briefing for the 2014 First Semester Results Gentlemen: W
Slide 2: Investors' Briefing First Semester Results
Investors’ Briefing First Semester Results August 11, 2014
Slide 3: SMC Consolidated First Semester 2014
SMC Consolidated First Semester 2014 In billion pesos 2014 2013 Change Net Sales 404.7 358.0 13% Income from Operations 32.9 28.9 14% Net income before non- controlling interest 18.4 3.0 523% Net Income attributable to the equity holders of 12.0 (2.4) 601% the parent company EBITDA 45.3 40.9 11%
Slide 4: San Miguel Brewery Inc.
San Miguel Brewery Inc. First Semester 2014 In million pesos 2014 2013 Change Net Sales 37,732 36,811 3% Income from 10,256 10,683 -4% Operations Volume (mil cases) 101.9 101.1 1%
Slide 5: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. First Semester 2014 In million pesos 2014 2013 Change Net Sales 6,895 6,051 14% Income from 70 (811) 109% Operations Volume (mil cases) 9.8 9.1 7%
Slide 6: San Miguel Pure Foods Co. Inc.
San Miguel Pure Foods Co. Inc. First Semester 2014 In million pesos 2014 2013 Change Net Sales 49,176 47,081 4% Income from 2,697 2,399 12% Operations
Slide 7: San Miguel Pure Foods: Agro & Milling Businesses
San Miguel Pure Foods Co. Inc. AGRO & MILLING BUSINESSES (Feeds, Poultry and Fresh Meats and Flour) For period ending June 2014 In million Pesos Revenues Operating Income 7% 22% 38,677 36,065 2,216 1,814 2013 2014 2013 2014
Slide 8: San Miguel Pure Foods: Branded Value-Added Businesses
San Miguel Pure Foods Co. Inc. BRANDED VALUE-ADDED BUSINESSES (Processed Meats, Dairy and Coffee) For period ending June 2014 In million Pesos Revenues Operating Income 1% 5% 10,019 10,162 542 569 2013 2014 2013 2014
Slide 9: San Miguel Yamamura Packaging Corp.
San Miguel Yamamura Packaging Corp. First Semester 2014 In million pesos 2014 2013 Change Net Sales 11,514 11,478 0% Income from Operations 1,014 942 8%
Slide 10: SMC Global Power
SMC Global Power First Semester 2014 In million pesos 2014 2013 Change Net Sales 43,760 37,604 16% Income from Operations 14,932 11,012 36% Offtake Volume (‘000 GWh) 8.8 8.4 5%
Slide 11: Petron Corp.
Petron Corp. First Semester 2014 In million pesos 2014 2013 Change Net Sales 258,230 218,781 18% Income from Operations 5,866 4,303 36% Volume (kbd) 43,138 39,792 8%
Slide 12: Petron Corp. RMP2
Petron Corp. RMP2 • Pre-commissioning and testing activities under-way
Slide 13: Petron Corp. Service Station Network
Petron Corp. Philippines Malaysia Service Station Network and ~2,200 380 10 total # of rebranded new stations Upgrade stations
Slide 14: TPLEX
TPLEX • Section 1 - 49 kms Tarlac to Carmen, Pangasinan fully operational Status • Section 2 - 14 km from Carmen to Urdaneta, Pangasinan construction underway with target completion by end 2014
Slide 15: SLEX and Skyway 1 and 2
Skyway 1 & 2 187,199 * ave. daily traffic SLEX 243,944 * ave. daily traffic * As of June 2014 SLEX and Skyway 1 and 2 • RFID Project: Status • 61 out of 256 total toll lanes migrated to RFID system
Slide 16: STAR Tollways
STAR Tollways • Completed asphalt overlay of 22.16 km stretch from Sto. Tomas to Lipa City Status • Completed 19 of 19.74 km of additional two-lane concrete pavement from Lipa City to Batangas City
Slide 17: NAIA Expressway
NAIA Expressway • Ramps being constructed Status • Ongoing works in 7 out of 17 ramps
Slide 18: Skyway Stage 3
Skyway Stage 3 • Advance works underway Status • Completed 72 out of 80 bored piles and 15 out of 20 columns as part of advance work
Slide 19: Boracay Airport
BEFORE AS OF MAY 2014 Boracay Airport • Sub-base preparation works for 800 of 850 meters runway extension ongoing Status • Engineering design for the passenger terminal being worked out
Slide 20: Financial Position
Financial Position As of June 30, 2014 Total Assets: Current Ratio: P1,174B 1.58x Cash: Debt-to-Equity: P200B 2.04x Interest-Bearing Interest-Bearing- Debt: Debt-to-Equity: P443B P1.15x Net-Debt-to- EBITDA: 2.78x
Slide 21: 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 Pure Foods Co. Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Contact us: SMC Investor Relatio