San Miguel Corporation · PSE:SMC
San Miguel — H1 2023 Earnings Presentation
32 slides from San Miguel's earnings presentation, Aug 8, 2023
Slide 1: SEC Form 17-C Current Report
C06130-2023 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 8, 2023 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: Petron Corporation PSE Disclosure Form
PCOR SERIES C BONDS DUE 2024 (IN MIL 13,200 PESO) PCOR SERIES D BONDS DUE 2025 (IN MIL 6,800 PESO) 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 2023 (IN MIL 216,613 PESO-CONSO) 11. Indicate the item numbers reported herein
Slide 3: Filing letter reference and filer details
Please see attached letter dated August 8, 2023. Filed on behalf by: Name Jhoanna Jasmine Javier-Elacio Assistant Vice President - General Counsel and Corporate Designation Secretary/Compliance Officer
Slide 4: Letter to PSE: SMC Analysts' Briefing
PETRON August 8, 2023 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 6" Floor, PSE Tower 5™ Avenue corner 28" Street Bonifacio Global City, Taguig City Attention: Ms. Alexandra D. Tom Wong Officer-in-Charge, Disclosure Department PHILIPPINE DEALING & EXCHANGE CORP. 29" Floor, BDO Equitable To
Slide 5: Analysts' Briefing First Semester Results
SAN MIGUEL CORPORATION Analysts' Briefing 2 0 2 3 F I R S T S E M E S T E R R E S U LT S AUGUST 8, 2023
Slide 6: San Miguel Corporation
San Miguel Corporation First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 685,229 711,416 -4% INCOME FROM 69,921 66,727 5% OPERATIONS NET INCOME 23,325 19,805 18% EBITDA 100,141 91,205 10%
Slide 7: San Miguel Food and Beverage, Inc.
San Miguel Food and Beverage, Inc. First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 184,587 172,122 7% INCOME FROM 22,987 26,567 -13% OPERATIONS NET INCOME 18,809 18,758 0% 3
Slide 8: San Miguel Brewery Inc.
San Miguel Brewery Inc. (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 74,119 64,985 14% INCOME FROM 16,429 14,726 12% OPERATIONS NET INCOME 13,469 10,656 26% 4
Slide 9: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 25,406 23,148 10% INCOME FROM 3,376 3,271 3% OPERATIONS NET INCOME 4,077 2,483 64% 5
Slide 10: San Miguel Foods
San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 85,065 83,993 1% INCOME FROM 3,216 8,610 -63% OPERATIONS NET INCOME 1,691 6,052 -72% 6
Slide 11: San Miguel Foods
San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 1 Feeds and veterinary medicine 2 Poultry and fresh meats 7
Slide 12: San Miguel Packaging Group
San Miguel Packaging Group First Semester 2023 8
Slide 13: San Miguel Global Power Holdings Corp.
San Miguel Global Power Holdings Corp. First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 84,770 102,581 -17% INCOME FROM 14,751 13,664 8% OPERATIONS NET INCOME (LOSS) 5,909 (1,880) 414% 9
Slide 14: Petron Corp.
Petron Corp. First Semester 2023 10
Slide 15: SMC Infrastructure
SMC Infrastructure First Semester 2023 11
Slide 16: San Miguel Equity Investment Inc. – Cement Business
San Miguel Equity Investment Inc. – Cement Business First Semester 2023 12
Slide 17: SMC Financial Position
SMC Financial Position First Semester 2023 (In Bil Php) As of June 2023 As of December 2022 Total Assets 2,367 2,392 Cash 262 318 Interest-bearing debt 1,338 1,356 Current Ratio 1.21x 1.21x Total Liabilities to Equity Ratio 2.74x 2.74x Interest-bearing Debt to Equity Ratio 2.11x 2.12x 13
Slide 18: 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 a n m i g u e l b r e w e r y. c o m . p h WEBSITES 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. s m f b . 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
Slide 19: Analysts' Briefing First Semester Results
SAN MIGUEL CORPORATION Analysts' Briefing 2 0 2 3 F I R S T S E M E S T E R R E S U LT S AUGUST 8, 2023
Slide 20: San Miguel Corporation
San Miguel Corporation First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 685,229 711,416 -4% INCOME FROM 69,921 66,727 5% OPERATIONS NET INCOME 23,325 19,805 18% EBITDA 100,141 91,205 10%
Slide 21: San Miguel Food and Beverage, Inc.
San Miguel Food and Beverage, Inc. First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 184,587 172,122 7% INCOME FROM 22,987 26,567 -13% OPERATIONS NET INCOME 18,809 18,758 0% 3
Slide 22: San Miguel Brewery Inc.
San Miguel Brewery Inc. (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 74,119 64,985 14% INCOME FROM 16,429 14,726 12% OPERATIONS NET INCOME 13,469 10,656 26% 4
Slide 23: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 25,406 23,148 10% INCOME FROM 3,376 3,271 3% OPERATIONS NET INCOME 4,077 2,483 64% 5
Slide 24: San Miguel Foods
San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 85,065 83,993 1% INCOME FROM 3,216 8,610 -63% OPERATIONS NET INCOME 1,691 6,052 -72% 6
Slide 25: San Miguel Foods
San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) First Semester 2023 1 Feeds and veterinary medicine 2 Poultry and fresh meats 7
Slide 26: San Miguel Packaging Group
San Miguel Packaging Group First Semester 2023 8
Slide 27: San Miguel Global Power Holdings Corp.
San Miguel Global Power Holdings Corp. First Semester 2023 (IN MILLION PESOS) 1H2023 1H2022 CHANGE% NET SALES 84,770 102,581 -17% INCOME FROM 14,751 13,664 8% OPERATIONS NET INCOME (LOSS) 5,909 (1,880) 414% 9
Slide 28: Petron Corp.
Petron Corp. First Semester 2023 10
Slide 29: SMC Infrastructure
SMC Infrastructure First Semester 2023 11
Slide 30: San Miguel Equity Investment Inc. – Cement Business
San Miguel Equity Investment Inc. – Cement Business First Semester 2023 12
Slide 31: SMC Financial Position
SMC Financial Position First Semester 2023 (In Bil Php) As of June 2023 As of December 2022 Total Assets 2,367 2,392 Cash 262 318 Interest-bearing debt 1,338 1,356 Current Ratio 1.21x 1.21x Total Liabilities to Equity Ratio 2.74x 2.74x Interest-bearing Debt to Equity Ratio 2.11x 2.12x 13
Slide 32: 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 a n m i g u e l b r e w e r y. c o m . p h WEBSITES 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. s m f b . 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