San Miguel Corporation · PSE:SMC
San Miguel — Q1 2013 Earnings Presentation
14 slides from San Miguel's earnings presentation, May 10, 2013
Slide 1: Letter to Philippine Stock Exchange
May 10, 2013 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 2013 First Quarter Results Gentlemen: We ar
Slide 2: 2013 First Quarter Results Investors' Briefing
a SAN MIGUEL CORPORATION g ‘ San Miguel SAN MIGUEL BREWERY INC. Pure Foods PETRON 2013 First Quarter Results Investors’ Briefing May 10, 2013
Slide 3: Updates
Updates SAN MIGUEL CORPORATION ¢ Issued US$ 800 Million Bond « Interest Rate - 4.875% ¢ Tenor — 10 years * 51,425,799 of SMB shares or 0.3337% of total outstanding shares were tendered and accepted by SMB. * 1,072 of SMPI shares or 1.37471% of total outstanding shares were tendered and accepted by S
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights cnt First Quarter, 2013 Net Sales 178.3 142.0 Income from Operations 15-4 14.5 7% Net Income before minority interest 7.59 11.4 34% Net Income attributable to equity holders of the 4.24 8.24 -49% parent company EBITDA 21.8 21.3 2% viet prone andconfertia!
Slide 5: San Miguel Brewery Inc.
San Miguel Brewery Inc. cnsvmeue, CORPORATION First Quarter, 2013 Net Sales 17,545 18,345 -4% Income from Operations 4,838 5,289 -9% Volume (mil cases) 47.8 54.5 -12% Domestic 39.3 45-8 -14% International 8.48 8.71 -3% viet prone andconfertia!
Slide 6: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. 2. CORPORATION First Quarter, 2013 Net Sales 3,104 3,659 15% Income from Operations (416) (19) -250% Volume (nil cases) 4.67 5-96 -22% viet prone andconfertia!
Slide 7: San Miguel Pure Foods Company, Inc.
San Miguel Pure Foods Company, Inc. _. CORPORATION First Quarter, 2013 Net Sales 22,967 22,399 3% Income from Operations 916 641 43% Net Income attributable to equity holders of 699 558 25% parent company viet prone andconfertia!
Slide 8: San Miguel Yamamura Packaging Corporation
San Miguel Yamamura Packaging Corporation 2. CORPORATION First Quarter, 2013 Net Sales 5,496 5,850 -6% Income from Operations 520 507 2% viet prone andconfertia!
Slide 9: SMC Global Power
SMC Global Power SAN MIGUEL CORPORATION First Quarter, 2013 Net Sales 17,510 19,363 -10% Income from Operations 5,540 4,958 12% Offtake Volume (GWH) 4,091 4,050 1% viet prone andconfertia!
Slide 10: Petron Corporation
Petron Corporation SAN MIGUEL CORPORATION First Quarter, 2013 Net Sales 111,998 Income from Operations 3,679 Net Income before + ss 2,198 nunority interest 19) Volumes (‘000 barrels) 19,974 74,655 4,439 2,364 12,038 50% -17% -7% 66% viet prone andconfertia!
Slide 11: Petron Corporation
Petron Corporation SAN MIGUEL CORPORATION UPGRADE OF LIMAY, BATAAN REFINERY PROJECT STATUS: EPC Over-all Progress About 70% Target completion 2H 2014 SERVICE STATION EXPANSION IN ITS PHILIPPINE NETWORK ere. oa SION aaa amber of Stations as of April 2013 2,070* * Net of closures TWO-PHASED CO-GENERAT
Slide 12: Infrastructure
Infrastructure SAN MIGUEL CORPORATION NAIA Expressway + Won bid through Optimal Infrastructure Development, Inc. « Project Cost - P15 Billion « Concession Period — 30 years Boracay Airport ¢ Hillleveling already started TPLEX ¢ Stretch from Tarlac to Gerona fully paved and asphalted + Completing set
Slide 13: Financial Position
Financial Position _s. CORPORATION ¢ P 1,102.8 billion CASH BALANCE ¢ P 152.3 billion INTEREST-BEARING DEBT ¢ P 301.6 billion CURRENT RATIO © 1.38x q DEBT-TO-EQUITY RATIO ° 1.88x INTEREST-BEARING-DEBT-TO- EQUITY [i'n RATIO 202% NET DEBT TO 12-MONTH ROLLING » 08x EBITDA 3-05. viet prone andconfertia!
Slide 14: Thank you
San Miguel Corporation susie, Thank you. Visit our websites: San Miguel Corporation wuw.sarmiguel.comph San Miguel Brewery Inc. www.sauniguelbrewery.com.ph Ginebra San Miguel Inc. wunw.ginebrasanmiguel.com San Miguel Pure Foods Company, Ine. www.sanmiguelpurefoods.com Petron Corporation wunw.petron.