San Miguel Food & Beverage, Inc. · PSE:FB

San Miguel Food & Beverage — FY2024 Earnings Presentation

20 slides from San Miguel Food & Beverage's earnings presentation, Mar 17, 2025

  1. Slide 1: SEC Form 17-C Current Report

    C01704-2025 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Mar 17, 2025 2. SEC Identification Number 11840 3. BIR Tax Identification No. 000-100-341

  2. Slide 2: PSE Disclosure Form 4-30 - Material Information/Transactions

    San Miguel Food and Beverage, Inc. FB PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules Subject of the Disclosure SMC Group Analysts' Briefing Materials re 2024 Full-Year Results on March 17,

  3. Slide 3: SMC Analysts' Briefing 2024 Full Year Results

    SAN MIGUEL CORPORATION Analysts' Briefing 2024 FULL YEAR RESULTS MARCH 17, 2025 1

  4. Slide 4: Executive Summary

    | Executive Summary » SMC is on track with its Net Zero goal while actual progress has been gradual. The Company’s three most carbon-intensive businesses – Power, Petron and Cement, have been showing reductions in their emission intensity, driven by ongoing improvements in energy efficiency across t

  5. Slide 5: 2024 Sustainability Milestones

    2024 Sustainability Milestones  Submitted SMC’s 2024  Published SMC’s 2024  Launched SMC’s first  Training on Energy Sustainability Report to SEC Glossy Sustainability Report Sustainability Forum Management Systems and Expo for Various Facilities April June Oct Nov Nov-Dec March-Dec  SMC Board

  6. Slide 6: SMC records strong operating income with a double-digit growth of 11%

    SMC records strong operating income with a double-digit growth of 11% EBITDA (In Million Php) FY2024 FY2023 %Change (In Million Php) 10% 14% 225,877 Margin 14% 205,346 Margin 4% NET SALES 1,575,379 1,447,681 9% 4% 4% 5% 13% 13% 19% 22% INCOME FROM OPERATIONS 160,816 144,485 11% 25% 21% 2% 2% REPORTE

  7. Slide 7: SMFB delivers strong double-digit growth in Operating Income

    SMFB delivers strong double-digit growth in Operating Income EBITDA (In Million Php) FY2024 FY2023 %Change (In Million Php) 9% 18% 73,077 Margin 18% 66,822 Margin NET SALES 400,872 379,822 6% 13% 14% 30% 28% INCOME FROM OPERATIONS 55,792 48,411 15% 58% 57% FY2023 FY2024 NET INCOME 40,933 38,105 7% B

  8. Slide 8: SMB posts solid growth in operating income, up 6%

    SMB posts solid growth in operating income, up 6% (In Million Php) FY2024 FY2023 %Change EBITDA (in Million Php) 7% 27% 41,753 Margin 27% NET SALES 153,362 147,347 4% 39,050 Margin INCOME FROM OPERATIONS 33,422 31,408 6% NET INCOME 25,625 25,322 1% FY2023 FY2024 SMB’s EBITDA grew 7% to ₱41.8 billion

  9. Slide 9: GSMI achieves strong 17% revenue growth on record-high volumes

    GSMI achieves strong 17% revenue growth on record-high volumes (In Million Php) FY2024 FY2023 %Change EBITDA (in Million Php) 1% NET SALES 62,505 53,639 17% 9,546 15% Margin 18% Margin 9,423 INCOME FROM OPERATIONS 8,596 6,835 26% NET INCOME 7,257 7,046 3% FY2023 FY2024 GSMI’s EBITDA grew 1% to ₱9.5

  10. Slide 10: San Miguel Foods delivers strong performance with 3% revenue growth

    San Miguel Foods delivers strong performance with 3% revenue growth EBITDA (In Million Php) (In Million Php) FY2024 FY2023 %Change 19% 12% 10% 21,338 Margin 17,920 Margin 2% NET SALES 185,016 178,847 3% 12% 5% 10% 36% 37% INCOME FROM OPERATIONS 13,301 9,724 37% 18% 15% 33% 32% NET INCOME 8,386 6,304

  11. Slide 11: Strategic Expansion: Investing in Growth and Innovation

    Strategic Expansion: Investing in Growth and Innovation Driving growth through strategic investments—expanding capacity, modernizing operations, and strengthening our market presence to create long-term value. |9

  12. Slide 12: SMC's Packaging Group's operating income surged 36%

    SMC’s Packaging Group’s operating income surged 36% on improved efficiencies, higher utilization, and cost reduction programs (In Million Php) FY2024 FY2023 %Change EBITDA (In Million Php) 16% 13% NET SALES 40,162 38,379 5% 5,235 Margin 4,501 12% INCOME FROM Margin 2,600 1,915 36% OPERATIONS FY2023

  13. Slide 13: San Miguel Global Power's operating income rose 24% on higher volumes

    San Miguel Global Power’s operating income rose 24% on higher volumes (In Million Php) FY2024 FY2023 %Change EBITDA Offtake Volumes (in Million Php) (in GWh) 27% NET SALES 205,091 169,590 21% 27% Margin 45% INCOME FROM 55,533 40,457 32,526 24% 26% 36,564 OPERATIONS Margin 43,769 NET INCOME 12,384 9,

  14. Slide 14: Petron's sustained volume growth uplifts topline performance

    Petron’s sustained volume growth uplifts topline performance, rising 8% Y-o-Y to ₱868 million (In Million Php) FY2024 FY2023 %Change EBITDA Fuel Volumes (In Million Barrels) (in Million Php) 10% NET SALES 867,966 801,027 8% 139.9 INCOME FROM 44,945 4% 126.9 6% 29,223 30,721 (5%) Margin 43,076 34% OP

  15. Slide 15: SMC Infrastructure's revenues grew 7% on sustained volumes

    SMC Infrastructure’s revenues grew 7% on sustained volumes EBITDA (in Million Php) Annual Average Daily Traffic (Vehicle Count) (In Million Php) FY2024 FY2023 %Change 2% 8% 79% 1,009,337 1,033,103 Margin 79% NET SALES 37,523 34,984 7% Margin 27,557 29,736 INCOME FROM OPERATIONS 20,291 18,164 12% FY2

  16. Slide 16: Cement Business recorded a 10% growth in operating income

    San Miguel Equity Investment Inc. – Cement Business’ recorded a 10% growth in operating income (In Million Php) FY2024 FY2023 %Change EBITDA (in Million Php) NET SALES 34,934 37,231 (6%) 1% 28% INCOME FROM Margin 6,550 5,980 10% 9,663 OPERATIONS 9,526 26% Margin FY2023 FY2024 Influx of imported trad

  17. Slide 17: SMC Financial Position

    SMC maintained a robust balance sheet, with total assets reaching ₱2.7 trillion SMC Financial Position (In Billion Php) December 31, 2024 December 31, 2023 Cash 294 261 Total Current Assets 900 831 Total Assets 2,677 2,459 Interest-bearing debt 1,560 1,405 Total Current Liabilities 737 745 Total Lia

  18. Slide 18: FY2024 Business Updates & Outlook

    | FY2024 Business Updates & Outlook » Despite global headwinds, SMC continues to progress with its ongoing plans and expansion, driven by resilient consumer demand. » After the Concession Agreement was signed on March 18, 2024, and the operation of NAIA was turned over by the Manila International Ai

  19. Slide 19: Q&A

    Q&A OOOO

  20. Slide 20: Thank you!

    Thank you! SMCInvestorRelations@sanmiguel.com.ph C O R P O R AT E w w w. s a n m i g u e l . c o m . p h w w w. s m f b . c o m . p h WEBSITES w w w. s a n m i g u e l b r e w e r y. c o m . p h w w w. g i n e b r a s a n m i g u e l . c o m . p h w w w. p e t r o n . c o m w w w. s m c g l o b a l

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