San Miguel Corporation · PSE:SMC
San Miguel — H1 2024 Earnings Presentation
22 slides from San Miguel's earnings presentation, Aug 12, 2024
Slide 1: SEC Form 17-C Current Report
C05434-2024 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Aug 12, 2024 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: PSE Disclosure Form 4-30 Material Information
PCOR SERIES E BONDS DUE 2025 (IN MIL 9,000 PESO) PCOR SERIES F BONDS DUE 2027 (IN MIL 9,000 PESO) TOTAL DEBT AS OF JUNE 30, 2024 (IN MIL 245,390 PESO-CONSO) 11. Indicate the item numbers reported herein Item 9 The Exchange does not warrant and holds no responsibility for the veracity of the facts an
Slide 3: Filed on behalf by
Filed on behalf by: Name Jhoanna Jasmine Javier-Elacio Designation Vice President - General Counsel and Corporate Secretary/Compliance Officer
Slide 4: Letter to PSE: SMC Analysts' Briefing for 2024 First Semester Results
PETRON August 12, 2024 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 6" Floor, PSE Tower 5 Avenue corner 28" Street Bonifacio Global City, Taguig City Attention: Atty. Stefanie Ann B. Go Officer-in-Charge, Disclosure Department PHILIPPINE DEALING & EXCHANGE CORP. 29" Floor, BDO Equitable Tow
Slide 5: San Miguel Corporation Analysts' Briefing 2024 First Semester Results
SAN MIGUEL CORPORATION Analysts' Briefing 2024 FIRST SEMESTER RESULTS August 12, 2024
Slide 6: Executive Summary
| Executive Summary » SMC continues to make great progress in its major initiatives for 1H2024 backing its core mandate of nation-building and its commitment to a more sustainable Philippines. » The San Miguel Group continued its robust performance for the first half of the year on the back of stron
Slide 7: SMC Major Sustainability Initiatives
| SMC Major Sustainability Initiatives Battery Energy Storage System River Rehabilitation Our Battery Energy Storage System (BESS) network has a total capacity of Started in 2020, our extensive river cleanup has so far covered 115 km of river 1000 megawatt-hours, the first and largest such network i
Slide 8: SMC Major Sustainability Initiatives
| SMC Major Sustainability Initiatives Better World Smokey Mountain Our Better World Smokey Mountain community center provides children and adult residents alike, a better shot at life. Through partnerships with various NGOs, we are implementing long-term programs that support whole families—from he
Slide 9: SMC registered strong top-line growth of 15% to ₱789 billion
SMC registered strong top-line growth of 15% to ₱789 billion (In Million Php) 1H2024 1H2023 %Change EBITDA (In Million Php) NET SALES 789,021 685,229 15% 14% 113,689 Margin 14% 15% INCOME FROM OPERATIONS 85,089 69,921 22% 100,141 Margin 5%3% 2% 13% 5% 14% NET INCOME 13,578 23,325 (42%) 20% 23% 27% 2
Slide 10: SMFB sustained growth momentum, 16% increase in operating income in 1H2024
SMFB sustained growth momentum, 16% increase in operating income in 1H2024 (In Million Php) 1H2024 1H2023 %Change EBITDA (In Million Php) 5% NET SALES 192,882 184,587 4% 18% 32,347 Margin 33,928 18% Margin INCOME FROM 17% 14% 26,641 22,987 16% OPERATIONS 22% 30% NET INCOME 19,977 18,809 6% 61% 56% 1
Slide 11: SMB registered topline growth of 1% to ₱75 billion in 1H2024
SMB registered topline growth of 1% to ₱75 billion in 1H2024 (In Million Php) 1H2024 1H2023 %Change EBITDA (in Million Php) (3%) NET SALES 75,073 74,119 1% 19,689 27% Margin INCOME FROM 19,152 26% Margin 15,887 16,429 (3%) OPERATIONS NET INCOME 12,563 13,469 (7%) 1H2023 1H2024 The full impact of pri
Slide 12: GSMI recorded an 18% increase in revenues on strong volume growth
GSMI recorded an 18% increase in revenues on the back of strong volume growth in 1H2024 (In Million Php) 1H2024 1H2023 %Change EBITDA (in Million Php) NET SALES 29,992 25,406 18% 22% Margin INCOME FROM 5,541 (13%) 4,411 3,376 31% 16% OPERATIONS Margin 4,821 NET INCOME 3,676 4,077 (10%) 1H2023 1H2024
Slide 13: San Miguel Foods sustained topline growth and delivered strong profits
San Miguel Foods sustained topline growth and delivered strong profits on higher volumes and lower raw material costs. (In Million Php) 1H2024 1H2023 %Change EBITDA (In Million Php) 11% NET SALES 87,819 85,065 3% 41% 9,999 Margin INCOME FROM 8% Margin 3% 6,384 3,216 99% 7,115 14% OPERATIONS 8% 26% N
Slide 14: SMC's Packaging Group reported double-digit operating income growth
SMC’s Packaging Group reported a double-digit operating income growth on cost containment measures (In Million Php) 1H2024 1H2023 %Change EBITDA (In Million Php) NET SALES 17,974 18,730 (4%) 1% 14% 15% INCOME FROM 2,588 Margin 2,605 Margin 1,362 1,200 14% OPERATIONS 1H2023 1H2024 EBITDA slightly inc
Slide 15: San Miguel Global Power posted a robust recovery, net income up 26%
San Miguel Global Power posted a robust recovery, with net income rising 26% Y-o-Y (In Million Php) 1H2024 1H2023 %Change EBITDA Offtake Volumes (in Million Php) (in GWh) NET SALES 98,944 84,770 17% 45% 31% 63% Margin INCOME FROM 30,147 22,988 14,751 56% OPERATIONS 25% Margin 17,457 NET INCOME 7,438
Slide 16: Petron delivering double-digit revenue growth to reach ₱444.5 billion
Petron sustained its growth momentum, delivering double-digit revenue growth to reach ₱444.5 billion (In Million Php) 1H2024 1H2023 %Change EBITDA Fuel Volumes (In Million Barrels) (in Million Php) 20% NET SALES 444,490 367,037 21% 3% 5% 69.1 INCOME FROM 6% Margin 57.6 17,313 16,011 8% Margin OPERAT
Slide 17: SMC Infrastructure revenues up 9% on higher daily traffic
SMC Infrastructure revenues up 9% on higher daily traffic and toll rate adjustments (In Million Php) 1H2024 1H2023 %Change EBITDA (in Million Php) Annual Average Daily Traffic (Vehicle Count) 4% NET SALES 18,075 16,572 9% 9% 81% 998,304 1,034,081 Margin INCOME FROM 9,650 8,961 8% OPERATIONS 82% Marg
Slide 18: San Miguel Equity Investment Inc. – Cement Business posted 31% operating profit growth
San Miguel Equity Investment Inc. – Cement Business’ posted double-digit growth of 31% in operating profit (In Million Php) 1H2024 1H2023 %Change EBITDA (in Million Php) 18% NET SALES 18,962 20,164 (6%) 28% Margin INCOME FROM 23% 3,952 3,023 31% 4,568 Margin 5,375 OPERATIONS 1H2023 1H2024 The Cement
Slide 19: SMC Financial Position
SMC maintained a robust balance sheet, with total assets at ₱2.6 trillion SMC Financial Position (In Billion Php) June 30, 2024 December 31, 2023 Total Current Assets 849 831 Total Assets 2,555 2,459 Cash 254 261 Total Current Liabilities 852 745 Interest-bearing debt 1,484 1,405 Total Liabilities 1
Slide 20: 1H2024 Business Updates & Outlook
| 1H2024 Business Updates & Outlook » Progress on the Manila International Airport's land development and ground improvement works are ongoing with overall progress at 84.61%. Per approved DOTr timeline, Airport Development will be completed by the end of 2028. » On the NAIA rehabilitation project,
Slide 21: Q&A
Q&A OOOO
Slide 22: Thank you!
Thank you! SMCInvestorRelations@sanmiguel.com.ph C O R P O R AT E w w w. s a n m i g u e l . c o m . p h w w w. s m f b . c o m . p h WEBSITES w w w. s a n m i g u e l b r e w e r y. c o m . p h w w w. g i n e b r a s a n m i g u e l . c o m . p h w w w. p e t r o n . c o m w w w. s m c g l o b a l