San Miguel Corporation · PSE:SMC
San Miguel — Q3 2002 Earnings Presentation
11 slides from San Miguel's earnings presentation, Nov 8, 2002
Slide 1: Investors' Briefing Third Quarter Results
INVESTORS’ BRIEFING THIRD QUARTER RESULTS NOVEMBER 8, 2002
Slide 2: Efficiency gains improve earnings
San Miguel Corporation - Consolidated Efficiency gains improve earnings Third Quarter First 9 Months (in billion pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P32.93 P 32.01 3% P99.04 P 85.09 16% Op. Income 2.99 1.95 53% 9.07 7.12 27% Net Income 1.56 1.01 53% 4.56 4.79 -5% EBITDA 4.70 3.66
Slide 3: Robust volume performance spurs beer growth
Beer Philippines Robust volume performance spurs beer growth Third Quarter First 9 Months (in billion pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P 6.57 P 5.43 21% P19.91 P18.42 8% Income from 0.86 0.63 36% 3.43 3.10 10% Operations Volume 33.2 26.9 24% 100.1 92.5 8% (mil cases)
Slide 4: 3Q stages income turnaround; Vietnam, North China and Australia continue to post volume gains
Beer International 3Q stages income turnaround; Vietnam, North China and Australia continue to post volume gains Third Quarter First 9 Months (in million US$) 2002 2001 Change % 2002 2001 Change % Net Sales $ 61.0 $65.3 -7% $175.1 $ 177.3 -1% Income from 4.52 3.22 40% 2.81 4.71 -40% Operations Volum
Slide 5: Cost control and price discount realignments boost earnings growth
Coca-Cola Bottlers Philippines, Inc. (Parent Only) Cost control and price discount realignments boost earnings growth Third Quarter First 9 Months (in Billion Pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P6.87 P7.28 -6% P 22.3 P 23.6 -6% Income from 0.21 0.13 56% 1.64 1.30 26% Operations V
Slide 6: 3Q volume growth surge
Philippine Beverage Partners, Inc. 3Q volume growth surge Third Quarter First 9 Months (in Billion Pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P1.42 P1.16 23% P 3.75 P 3.51 7% Income from 0.06 0.03 136% 0.17 0.14 20% Operations Volume 32.2 25.1 28% 84.4 75.9 11% (mil cases)
Slide 7: Turnaround in quarter performance versus last year
Cosmos Bottling Corp. Turnaround in quarter performance versus last year Third Quarter First 9 Months (in Billion Pesos) 2002 2002 Net Sales P 2.08 P 6.52 Income from 0.09 0.60 Operations Volume 32.1 101.6 (mil cases)
Slide 8: Higher volumes across all businesses
Packaging Group Higher volumes across all businesses Third Quarter First 9 Months (in Billion Pesos) 2002 2001 Change % 2002 2001 Change % Net Sales P 3.78 P 3.11 22% P11.36 P10.06 13% Income from 0.52 0.32 63% 1.33 1.17 14% Operations Volume 21% 5% (mil cases)
Slide 9: Combined Food Group sustains growth as synergies materialize
Food Group Combined Food Group sustains growth as synergies materialize (in Billion Pesos) 2001 includes Third Quarter First 9 Months April-September 2001 Change % 2001 Change % 2002 2002 of PureFoods Net Sales P 9.60 P 9.13 5% P27.54 P22.27 24% Income from 0.65 0.57 13% 1.30 1.22 6% Operations Volu
Slide 10: Businesses post gains but poultry lags behind
Food Group Businesses post gains but poultry lags behind Poultry Meats (SMFI & Pure Foods Corp.) (Monterey Foods Corp.) • Average prices down 8% • YTD Pork volume up 20%; • Chicken quarter volume up 12% Beef up 32%; Value added down 37% • YTD revenues at P8.1B • Revenue up 24% to P3.3B • YTD Op. Inc
Slide 11: Visit our website
Visit our website www.sanmiguel.com.ph