San Miguel Corporation · PSE:SMC
San Miguel — Q1 2018 Earnings Presentation
17 slides from San Miguel's earnings presentation, May 10, 2018
Slide 1: Investors' Briefing 2018 First Quarter Results
INVESTORS’ BRIEFING 2018 FIRST QUARTER RESULTS May 10, 2018
Slide 2: San Miguel Corporation First Quarter 2018
SAN MIGUEL CORPORATION FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 234,347 195,762 20% Income from Operations 32,687 27,513 19% Net Income 15,609 13,828 13% Recurring Net Income 19,364 14,832 31% EBITDA 41,462 35,458 17% 2
Slide 3: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 29,814 25,364 18% Income from Operations 8,313 6,677 25% Net Income 5,672 4,491 26% 3
Slide 4: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 6,359 5,136 24% Income from Operations 478 303 58% Net Income 255 129 97% 4
Slide 5: San Miguel Food and Beverage, Inc.
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 29,824 26,661 12% Income from Operations 2,161 2,069 4% Net Income 1,361 1,465 -7% 5
Slide 6: San Miguel Food and Beverage: Poultry & Fresh Meats and Feeds
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2018 Poultry & Fresh Meats and Feeds IN MILLION PESOS REVENUE +12% 18,732 21,027 1Q2017 1Q2018 6
Slide 7: San Miguel Food and Beverage: Flour Milling
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2018 Flour Milling IN MILLION PESOS REVENUE -3% 2,450 2,370 1Q2017 1Q2018 7
Slide 8: San Miguel Food and Beverage: Branded Value-Added
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2018 Branded Value-Added IN MILLION PESOS REVENUE +17% 5,872 6,869 1Q2017 1Q2018 8
Slide 9: New product placements
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2018 New product placements 9
Slide 10: 'Wet market dressing'
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2018 ‘Wet market dressing’ Pampanga Market Pasig Market Calamba Market 10
Slide 11: Expansion plans
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2018 Expansion plans Feed Mill – Cebu Ready-to-eat plant – Sta. Rosa Feed Mill – Bulacan Feed Mill – Davao Feed Mill – CDO Flour Mill – Batangas 11
Slide 12: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 8,557 6,839 25% Income from Operations 794 632 26% 12
Slide 13: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 24,661 19,353 27% Income from Operations 7,991 6,040 32% 13
Slide 14: Petron Corp.
PETRON CORP. FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 129,112 106,412 21% Income from Operations 8,796 8,858 -1% Net Income 5,786 5,555 4% Volume (in thousand barrels) 26,558 26,602 0% 16
Slide 15: SMC Infrastructure
SMC INFRASTRUCTURE FIRST QUARTER 2018 IN MILLION PESOS 1Q2018 1Q2017 CHANGE Net Sales 5,888 5,326 11% Income from Operations 3,114 2,563 22% 18
Slide 16: SMC Financial Position
SMC FINANCIAL POSITION As of March As of December IN BILLION PESOS 2018 2017 Total Assets 1,581 1,380 Cash 237 206 Interest –bearing Debt 721 549 Current Ratio 1.37x 1.40x Total Liabilities to Equity Ratio 2.25x 1.93x Interest-bearing Debt to Equity Ratio 1.48x 1.17x Net-Debt-to-EBITDA 2.68x 1.83x 2
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.sanmiguelpurefoods.com Petron Corporation - www.petron.com SMC Global Power Ho