San Miguel Corporation · PSE:SMC

San Miguel — Q1 2004 Earnings Presentation

13 slides from San Miguel's earnings presentation, 2004

  1. Slide 1: Investors Briefing: 2004 First Quarter Results

    INVESTORS BRIEFING 2004 First Quarter Results

  2. Slide 2: Continued strength and resilience

    Continued strength and resilience San Miguel Consolidated (in billion pesos) 2004 2003 Change Net Sales P 39.0 P 33.8 15% Inc. from Operations P 3.43 P 2.59 33% Net Income P 1.74 P 1.34 30% EBITDA P 5.31 P 4.16 28% EPS P 0.61 P 0.47

  3. Slide 3: Sustained growth momentum

    Sustained growth momentum Beer Philippines (in billion pesos) 2004 2003 Change Sales Revenue P 9.54 P 7.46 28% Operating Income P 2.17 P 1.65 32% Volume Growth 27 %

  4. Slide 4: Strong growth after SARS scare

    Strong growth after SARS scare Beer International (in million US $) 2004 2003 Change Sales Revenue $ 58.7 $ 51.6 14% Operating Income $ (0.33) $ (2.60) 87% Volume Growth 6%

  5. Slide 5: Slow off-take as market evolves

    Slow off-take as market evolves Ginebra San Miguel (in billion pesos) 2004 2003 Change Sales Revenue P 2.95 P 3.15 -6 % Operating Income P 0.65 P 0.72 -10 % Net Income P 0.42 P 0.47 -10 % Volume Growth Hard Liquor -5 %

  6. Slide 6: Favorable results

    Favorable results Coca-Cola Beverage Group (in billion pesos) 2004 2003 Change Sales Revenue P 9.82 P 7.90 24% Operating Income P 0.78 P 0.44 79% Volume Growth 15 %

  7. Slide 7: Effective cost control

    Effective cost control Coca-Cola Bottlers Phils,Inc. (in billion pesos) 2004 2003 Change Sales Revenue P 6.33 P 6.68 - 5% Operating Income P 0.36 P 0.28 27% Volume Growth - 13 %

  8. Slide 8: Geographic expansion

    Geographic expansion Cosmos (in billion pesos) 2004 2003 Change Sales Revenue P 2.62 P 1.94 35% Operating Income P 0.33 P 0.11 207% Volume Growth 21 %

  9. Slide 9: Market softening

    Market softening Phil. Beverage (in billion pesos) 2004 2003 Change Sales Revenue P 1.04 P 1.25 -17% Operating Income P 0.034 P 0.052 -35% Volume Growth -20 %

  10. Slide 10: Turnaround for most segments

    Turnaround for most segments San Miguel Food Group (in billion pesos) 2004 2003 Change Sales Revenue P 12.7 P 11.1 15% Operating Income P 0.37 P 0.02 ** Volume Growth -2%

  11. Slide 11: Turnaround for most segments . . .

    Turnaround for most segments . . . Chicken, Feeds & Flour Processed Meats (San Miguel Foods, Inc.) (PF-Hormel) • Chicken volume down 9% • Volume up 11% • Feeds down 3%, Flour down 6% • Revenue up 17% to P1.67B • Revenue up 9% to P6.76B • Operating income of P137M • Op. Inc. of P189M Butter, Margarin

  12. Slide 12: Low requirements from beverage industry

    Low requirements from beverage industry Packaging Group (in billion pesos) 2004 2003 Change Sales Revenue P 3.60 P 4.39 -18% Operating Income P 0.39 P 0.62 -37% Volume Growth -21%

  13. Slide 13: Visit our website: www.sanmiguel.com.ph

    Visit our website: www.sanmiguel.com.ph

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