San Miguel Corporation · PSE:SMC
San Miguel — 9M 2019 Earnings Presentation
13 slides from San Miguel's earnings presentation, Nov 7, 2019
Slide 1: Investors' Briefing: 2019 September-YTD Results
INVESTORS’ BRIEFING 2019 SEPTEMBER-YTD RESULTS November 07, 2019
Slide 2: San Miguel Corporation September-YTD 2019
SAN MIGUEL CORPORATION SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 758,634 761,173 0% Income from Operations 88,746 98,044 -9% Net Income 39,695 41,903 -5% EBITDA 123,000 124,847 -1% 2
Slide 3: San Miguel Food and Beverage, Inc.
SAN MIGUEL FOOD AND BEVERAGE, INC. SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 226,365 206,620 10% Income from Operations 33,585 34,025 -1% Net Income 22,921 22,929 0% 3
Slide 4: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 103,883 93,362 11% Income from Operations 28,200 25,912 9% Net Income 19,835 17,762 12% 4
Slide 5: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 21,430 17,915 20% Income from Operations 2,209 1,328 66% Net Income 1,325 789 68% 5
Slide 6: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 101,054 95,345 6% Income from Operations 3,209 6,779 -53% Net Income 1,783 4,372 -59% 6
Slide 7: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2019 Animal Nutrition & Health(1) Protein(2) Flour Milling Prepared & Packaged Food(3) 1 Feeds and vetmed 2 Poultry and fresh meats 3 Processed meats, dairy, spreads and biscuits, and coffee businesses 7
Slide 8: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 26,360 27,143 -3% Income from Operations 2,493 2,434 2% 8
Slide 9: SMC Global Power Holdings Corp
SMC GLOBAL POWER HOLDINGS CORP SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 105,142 89,111 18% Income from Operations 29,974 25,753 16% Net Income 11,385 4,366 161% 9
Slide 10: Petron Corporation
PETRON CORPORATION SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 381,656 419,861 -9% Income from Operations 13,871 22,252 -38% Net Income 3,623 12,057 -70% 10
Slide 11: SMC Infrastructure
SMC INFRASTRUCTURE SEPTEMBER-YTD 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales* 17,792 18,129 -2% Income from Operations* 8,965 8,905 1% *Manila North Harbor Ports results deconsolidated effective April 26, 2019 11
Slide 12: SMC Financial Position
SMC FINANCIAL POSITION As of September As of December IN BILLION PESOS 2019 2018 Total Assets 1,765 1,677 Cash 286 243 Interest –bearing Debt 832 802 Current Ratio 1.53x 1.37x Total Liabilities to Equity Ratio 2.06x 2.28x Interest-bearing Debt to Equity Ratio 1.44x 1.57x Net-Debt-to-EBITDA 3.06x 3.0
Slide 13: 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 Food and Beverage, Inc. - www.smfb.com.ph Petron Corporation - www.petron.com SMC Global Power Holdings Corp