San Miguel Corporation · PSE:SMC
San Miguel — 9M 2019 Earnings Presentation
17 slides from San Miguel's earnings presentation, Nov 7, 2019
Slide 1: SEC Form 17-C Current Report
C07846-2019 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) Nov 7, 2019 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: PSE Disclosure Form: Investors' Briefing Materials
PCOR SERIES C BONDS DUE 2024 (IN MIL 13,200 PESO) PCOR SERIES D BONDS DUE 2025 (IN MIL 6,800 PESO) TOTAL DEBT AS OF SEPT 30, 2019 (IN MIL 291,239 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 a
Slide 3: Filed on behalf by Legal Manager
Filed on behalf by: Name Jhoanna Jasmine Javier-Elacio Designation Legal Manager and Assistant Corporate Secretary
Slide 4: Letter to Philippine Stock Exchange
November 7, 2019 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 6th Floor, PSE Tower 5th Avenue corner 28th Street Bonifacio Global City, Taguig City Attention: Ms.Janet A. Encarnacion Head, Disclosure Department PHILIPPINE DEALING & EXCHANGE CORP. 29th Floor, BDO Equitable Tower 8751 Paseo d
Slide 5: Investors' Briefing 2019 September-YTD Results
INVESTORS’ BRIEFING 2019 SEPTEMBER-YTD RESULTS November 07, 2019
Slide 6: San Miguel Corporation
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 7: 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 8: 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 9: 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 10: 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 11: San Miguel Foods September-YTD 2019
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 12: 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 13: 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 14: 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 15: 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 16: 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 17: 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