San Miguel Corporation · PSE:SMC
San Miguel — FY2013 Earnings Presentation
19 slides from San Miguel's earnings presentation, Mar 27, 2014
Slide 1: PSE disclosure cover letter
March 27, 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 2013 Full-Year Results Gentlemen: We are
Slide 2: San Miguel Corporation Investors' Briefing 2013 Full-Year Results
San Miguel Corporation Investors’ Briefing 2013 Full-Year Rewlte March 27, 2014 San Miguel SAN 5 Pure Foods BREWERY INC.
Slide 3: 2013 key events
> Completion of Meralco Share Sale ea Consolidation of STAR Tollway > Completion of property dividends distribution > SMB bond offering [> Petron shares sale by PCERP
Slide 4: Consolidated income from operations
In billion ae 2013 2012 a Income from Operations Foreign exchange gains — (losses)
Slide 5: Income from operations 2013 vs 2012
val In million pesos 2013 2012 Change Income from : Operations 21,554 = 22,333 -3%
Slide 6: Income from operations by semester
In million pesos 2013 2012 Change Income from Operations (793) (528) -50% In million pesos 1st Semester 2nd Semester Net Sales 6,051 8,348 Income from Operations (811) 18
Slide 7: Income from operations by business
In million ia eel 2013 2012 Change Income sere anne Operations an =e
Slide 8: Commodity Businesses
COMMODITY BUSINESSES (Feeds, Poultry and Fresh Meats and Flour) For the Year 2013 Inmillion Pesos Revenue Operating Income #2012 #2013 2012 2013
Slide 9: Branded Value-Added Businesses
BRANDED VALUE-ADDED BUSINESSES (Processed Meats, Dairy and Coffee) For the Year 2013 In million Pesos Revenue Operating Income wae 23,221 2012 w 2013 #2012 2013
Slide 10: Income from operations 2013 vs 2012
In million pesos 2013 2012 Change Income from : 2,082 2,284 -9% Operations
Slide 11: Income from operations 2013 vs 2012
connate In million pesos 2013 2012 Change Income from Operations 20,541 17,127 20%
Slide 12: Income from operations 2013 vs 2012
no In million pesos 2013 2012 Change Income from 3 7" Operations 11,684 ,860 49%
Slide 13: RMP2 refinery upgrade and station expansion
* 95% complete as of December 2013 RMP2: REFINERY UPGRADE * Capex Spent: USD1.9B * Target Commercial Operation: 402014 * Close to 2,200 stations as of end December 2013 ATIO PANSIO * ~300 additional stations under different stages of construction PETRO ALAYSIA UPGRAD ° Rebranded nearly 300 out of th
Slide 14: TPLEX Inauguration
Slide 15: Skyway Groundbreaking
Skyway 3 Groundbreaking January 22; 2014
Slide 16: NAIA Expressway Construction
Slide 17: Airport project construction updates
* Ongoing hill leveling for completion by 1H14 * Construction of extended runway to start by early 2015 * Preparatory works for new terminal to start by 4014
Slide 18: Cash, debt and leverage ratios
INTEREST- INTEREST- TOTAL CASH Meaning CURRENT —-DEBT-TO-‘BEARING-_NET-DEBT- ASSETS BALANCE RATIO EQUITY —_‘DEBT-TO- _—‘TO-EBITDA oes EQUITY
Slide 19: Thank you!
Thank you! Visit our websites: Ginebra San Miguel Inc. www.ginebrasanmiguel.com San Miguel Pure Foods Company, inc. www.sanmiguelpurefoods.com Contact us: SMC Investor Relations +632 632 3752/ +632 632 3422