San Miguel Corporation · PSE:SMC
San Miguel — H1 2013 Earnings Presentation
16 slides from San Miguel's earnings presentation, Aug 12, 2013
Slide 1: Letter to Philippine Stock Exchange
August 12, 2013 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 First Semester Results Gentlemen: W
Slide 2: 2013 First Semester Results Investors' Briefing
5 senvfivel a SAN MIGUEL Pure Foods PETRON BREWERY INC. 2013 First Semester Results Investors’ Briefing August 12, 2013
Slide 3: Updates: Sale of Meralco Shares
| Updates SAN MIGUEL CORPORATION Sale of Meralco Shares ¢ No. of shares sold: 64,333,330 e Price: P270/share ¢ Total proceeds: P17.4B ¢ Gain on sale: P9.6B
Slide 4: First Semester 2013 Consolidated Financial Highlights
SAN MIGUEL CORPORATION First Semester 2013 Consolidated Financial Highlights In billion pesos 2013 2012 Net Sales Income from Operations Net Income before forex Forex gains/(loss) Net Income attributable to the equity holders of the parent company EBITDA 357.5 28.9 7.8 (10.2) (2.4) 40.9 329.2 24.4 7
Slide 5: San Miguel Brewery Inc.
| San Miguel Brewery Inc. SAN MIGUEL In million pesos 2013 2012 CORPORATION Net Sales 36,811 36,884 0% ie) a 8 Income from Operations 10,683 10,808 -1% a a E Volume (mil cases) 101.1 111.6 -9% vo n Po) 2 =
Slide 6: Ginebra San Miguel Inc.
5 Ginebra San Miguel Inc. SAN MIGUEL CORPORATION In million pesos 2013 2012 Net Sales 6,051 6,882 712% a o N . 2 Income from Operations (811) (148) -449% vo £ vo n 2 Volume (mil cases) 9.1 11.7 =
Slide 7: San Miguel Pure Foods Co., Inc.
| San Miguel Pure Foods Co., Inc. SAN MIGUEL CORPORATION In million pesos 2013 2012 Net Sales 47,081 45,350 4% 2) a o aq - & Income from Operations 2,399 1,826 31% ca] E Net Income attributable to Y equity holders of parent 1,807 1,699 2 company =
Slide 8: San Miguel Pure Foods: Agro-Industrial Cluster
| San Miguel Pure Foods Co., Inc. SAN MIGUEL CORPORATION AGRO-INDUSTRIAL CLUSTER (Feeds, Poultry and Fresh Meats) 2013 1* Semester In million Pesos Revenue Operating Income 30,259 sole 31,532 1000 ojo 889 1 91H 2012 1H 2013 91H 2012 1H 2013
Slide 9: San Miguel Pure Foods: Branded Value-Added Businesses
| San Miguel Pure Foods Co., Inc. SAN MIGUEL CORPORATION BRANDED VALUE-ADDED BUSINESSES (Processed Meats, Dairy and Coffee) 2013 1* Semester Financial Highlights In million Pesos Revenue Operating Income ol 10,019 9,217 478 @ 1H 2012 @ 1H 2013 1H 2012 1H 2013
Slide 10: San Miguel Yamamura
San Miguel Yamamura sanmicuve. Packa ging CORPORATION In million pesos 2013 2012 ) S N Net Sales 11,478 11,879 -3% 5 P= yn o = o bd Income from Operations 1,150 1,117 3% 2 =
Slide 11: San Miguel Global Power Corp.
| San Miguel Global Power Corp. SAN MIGUEL In million pesos 2013 2012 CORPORATION om Net Sales 37,604 39,492 -5% a So N 5 + Income from Operations 11,012 8,833 25% vo £ vo n B Offtake Volume (Gwn) 8,407 8,338 =
Slide 12: Petron Corp.
5 Petron Corp. SAN MIGUEL CORPORATION | | Ea Net Sales 218,781 193,299 13% a 3 Income from Operations 3,795 4,043 6% pa $ befo. i 9 SCG neeTS re minority 1,127 183 517% = interest vo n Volumes (‘000 barrels) 39,792 32,533 =
Slide 13: Petron Corp.: RMP2 Refinery Upgrade and Expansion
| Petron Corp. SAN MIGUEL CORPORATION RMP2: REFINERY SERVICE STATION UPGRADE EXPANSION Overall Progress: About 80 More than Target 2,100 stations Completion: 4Q2014 Phase 1: Operating since May 2013 189 out of Phase 2: Over-all 555 stations progress at 80% COGENERATION POWER PETRON MALAYSIA PLANT RE
Slide 14: Infrastructure
Infrastructure SAN MIGUEL CORPORATION Tarlac — Pangansinan — La Union Expressway * Stretch from Tarlac to Gerona to be operational by 4Q 2013 x Boracay Airport © Phase 1 of hill shaving is 55% completed * Construction of runway to start by 1Q2014 © Project completion by 2015 NAIA Expressway * EPC co
Slide 15: Financial Position
| Financial Position SAN MIGUEL CORPORATION TOTAL ASSETS CASH BALANCE INTEREST-BEARING DEBT CURRENT RATIO DEBT-TO-EQUITY RATIO INTEREST-BEARING-DEBT-TO- EQUITY RATIO NET DEBT TO 12-MONTH ROLLING EBITDA ¢P 1,129.6 billion © P 133.9 billion © P4245 billion © 1.26x © 2.02x © 1.13x © 3.64x LYuUSYU YU UD
Slide 16: Thank you.
SAN MIGUEL CORPORATION Thank you. Visit our websites: San Miguel Corporation www.sanmiguel.com.ph San Miguel Brewery Inc. www.sanniguelbrewery.com.ph Ginebra San Miguel Inc. www.ginebrasanmiguel.com San Miguel Pure Foods Company. Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Cont