San Miguel Corporation · PSE:SMC
San Miguel — Q1 2014 Earnings Presentation
20 slides from San Miguel's earnings presentation, May 12, 2014
Slide 1: PSE disclosure cover letter for investors' briefing
May 12, 2014 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 First Quarter 2014 Results Gentlemen: We ar
Slide 2: San Miguel Corporation Investors' Briefing First Quarter 2014 Results
SAN MIGUEL CORPORATION San Miguel Corporation Investors’ Briefing First Quarter 2014 Results ewe san M&uel 2d SAN 5 Pure Foods BREWERY INC. PETRON
Slide 3: Milestones
Milestones TPLEX Phase 1 Completion oc a epharsaed A SMC US$ 600 million million Undated, Subordinate: Exchangeable Bond Tarlac — Capital Securities . Carmen, Pangasinan *Redeemed May Oy stretch opened (49.36 ° Rate of 7.5% 5, 2014 kms) SERSe caesar * Paid- USS 212.8 million
Slide 4: SMC Consolidated Financial Highlights
SMC Consolidated Financial Highlights aaa 914 In billion pesos 2014 2013 Change Net Sales 178.5 9% Net Income before foreign exchange gains/losses Net Income attributable to the equity holders of the 2.2 4.2 -49% parent company
Slide 5: San Miguel Brewery Inc.
San Miguel Brewery Inc. aaa 914 In million pesos 2014 2013 Change Net Sales 17,561 17,545 0% Volume (mil cases) 46.6 47.8 -3%
Slide 6: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. aaa 914 In million pesos 2014 2013 Change Net Sales 3,595 2,976 21% Volume (mil cases) 5.1 4.7 10%
Slide 7: San Miguel Pure Foods Company Inc.
San Miguel Pure Foods Company Inc. eee 914 In million pesos 2014 2013 Change Net Sales 24,229 22,967 5%
Slide 8: San Miguel Pure Foods: Commodity Businesses
San Miguel Pure Foods Company Inc. 1914 COMMODITY BUSINESSES (Feeds, Poultry and Fresh Meats and Flour) For the First Quarter 2014 In million Pesos Revenue Operating Income ao 1,100 @1Q2013 #1Q2014 7 102013 1102014
Slide 9: San Miguel Pure Foods: Branded Value-Added Businesses
San Miguel Pure Foods Company Inc. 1914 BRANDED VALUE-ADDED BUSINESSES (Processed Meats, Dairy and Coffee) For the First Quarter 2014 In million Pesos Revenue Operating Income ea 287 ua id 4 @1Q2013 102014 10.2013 4 1Q 201
Slide 10: San Miguel Packaging Group
San Miguel Packaging Group eee 914 In million pesos 2014 2013 Change Net Sales 5,573 5,496 1%
Slide 11: SMC Global Power Holdings Corp.
SMC Global Power Holdings Corp. eee 914 In million pesos 2014 2013 Change Net Sales 19°959 17,510 14% Offtake Volume (Gwh) 4,144 4,092 1%
Slide 12: Petron Corp.
Petron Corp. eee 914 In million pesos 2014 2013 Change Net Sales 125,174 111,998 12% Volume (MB) 20.7 20.0 4% Product Cracks versus Dubai crude, in USD/bbl MOGAS 95 14.56 18.15 -20% Diesel 0.05%S 17.79 19.52 -9% Kerojet 17.00 20.17 -16%
Slide 13: Petron Corp.: Prices were lower but more stable in 2014
Petron Corp. 1914 Prices were lower but more stable in 2014 $/bbl 150 ------5 a 110 70 50 30 Jan-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14
Slide 14: Petron Corp.
Petron Corp. a 1014 Malaysia © Added 10 new stations z w fe) Philippines ¢ 2 close to 2,200 stations as of March 2014 © & —_~150 additional stations under different 5 98% complete as of March 2014 Fe stages of construction z Target Commercial Operation: F3 i= 4Q2014 e 2 i 5 Fd
Slide 15: Infrastructure
Infrastructure % ARCLO oe Lera
Slide 16: Infrastructure: Skyway Stage 3 Ongoing Construction
Slide 17: Infrastructure: NAIA Expressway Ongoing Construction
Infrastructure 1914 NAIA Expressway Ongoing Construction
Slide 18: Infrastructure
Infrastructure
Slide 19: SMC Financial Position
SMC Financial Position aaa 1014 a Oo SLassv 1WLOL 2.87xX VOLI93-O1 -1830-L13N \ 1.26x ALINDA -O1L-1930 -ONINVI9-LSIYILNI 4 2.24x ALINDI-OL-L830 4 1.43x Ollv¥ LNIJYYND —
Slide 20: 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 Pure Foods Company, Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Contact us: SMC Investor Re