Slide 1: Transmittal letter to the Philippine Stock Exchange
March 26, 2015 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 2014 Full-Year Results Gentlemen: We are
Slide 2: Investors' Briefing Full-Year 2014 Results
Investors’ Briefing F U L L - Y E A R 2 0 1 4 R E S U LT S 26 March 2015
Slide 3: San Miguel Corporation Full-Year 2014
San Miguel Corporation FULL-YEAR 2014 IN BILLION PESOS 2014 2013 CHANGE Net Sales 782.4 748.2 5% Income from Operations 55.8 55.4 1% Net Income 28.1 50.7* -45% Recurring Net Income 27.9 8.1 244% EBITDA 88.1 77.3 14% *Includes mainly gain on sale of Meralco shares of about P40 billion
Slide 4: San Miguel Brewery Inc.
San Miguel Brewery Inc. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 79,005 75,053 5% Income from 22,079 21,554 2% Operations Net Income 13,515 12,521 8% Volume (mil cases) 207.3 204.1 2%
Slide 5: Entry into NAB Business
Entry into NAB Business
Slide 6: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 15,511 14,399 8% Income from 358 (793) 145% Operations Volume (mil cases) 22.1 21.1 4%
Slide 7: San Miguel Pure Foods Co. Inc.
San Miguel Pure Foods Co. Inc. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 102,999 99,773 3% Income from 6,463 5,510 17% Operations Net Income 3,843 4,084* -6% *Includes equity in net earnings and gain on sale of Meralco shares
Slide 8: San Miguel Pure Foods: Agro and Milling Businesses
San Miguel Pure Foods Co. Inc. FULL-YEAR 2014 Agro and Milling Businesses REVENUES 6% O P E R AT I N G INCOME 24% 74,964 79,565 4,918 3,977 2013 2014 2013 2014
Slide 9: San Miguel Pure Foods: Branded Value-Added Businesses
San Miguel Pure Foods Co. Inc. FULL-YEAR 2014 B r a n d e d Va l u e - A d d e d B u s i n e s s e s REVENUES 2% O P E R AT I N G INCOME 2% 23,786 23,221 1,730 1,695 2013 2014 2013 2014
Slide 10: La Pacita
La Pacita
Slide 11: Series 2 Preferred Shares
Series 2 Preferred Shares SIZE P15B DIVIDEND RATE 5.6569% PSE LISTING March 12, 2015 PROCEEDS To redeem Series 1 Preferred Shares
Slide 12: San Miguel Yamamura Packaging Group
San Miguel Yamamura Packaging Group FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 24,226 25,187 -4% Income from 2,305 2,082 11% Operations
Slide 13: SMC Global Power Holdings Corp.
SMC Global Power Holdings Corp. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 84,294 74,044 14% Income from 25,899 20,541 26% Operations Off-take Volume 17.0 16.2 5% (‘000 GWH)
Slide 14: Greenfield Power Projects
M A L I TA 2 X 1 5 0 M W L I M AY 2 X 1 5 0 M W POWER PLANT POWER PLANT Greenfield Power Projects
Slide 15: Petron Corp.
Petron Corp. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 482,535 463,638 4% Income from 7,605 11,684 -35% Operations Net Income 3,009 5,092 -41% Volume (mil barrels) 86.5 81.5 6%
Slide 16: Petron Projects
Petron Projects RMP 2: Ongoing production ramp-up SERVICE STATION EXPANSION AND UPGRADE: PH: approximately 2,200 stations MA: Rebranding completed; 20 service stations under construction
Slide 17: Infrastructure
Infrastructure SLEX AND SKYWAY Effective ownership of 76% in SLEX and 83.45% in Skyway Combined traffic growth of 6% in 2014 TPLEX Carmen to Urdaneta last December open to public STAR TOLLWAY Traffic growth of 13% in 2014 NAIA EXPRESSWAY 14 of 17 ramps in construction SKYWAY STAGE 3 20 pier heads BO
Slide 18: Financial Position
Financial Position IN BILLION PESOS 2014 2013 Total Assets 1,217 1,170 Cash 259 192 Interest-Bearing 483 451 Debt Current Ratio 1.52x 1.46x Debt-to-Equity Ratio 2.12x 2.20x Interest-bearing- 1.24x 1.23x Debt-to-Equity Ratio Net-Debt-to-EBITDA 2.36x 3.14x
Slide 19: 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 Co. Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Contact us: SMC Investor Relation