San Miguel Corporation · PSE:SMC

San Miguel — Q1 2002 Earnings Presentation

13 slides from San Miguel's earnings presentation, Apr 26, 2002

  1. Slide 1: 2002 First Quarter Results Investors' Briefing

    2002 FIRST QUARTER RESULTS Investors’ Briefing 26 April 2002

  2. Slide 2: Growth despite weak market and integration activities

    First Quarter, 2002 Growth despite weak market and integration activities FIRST QUARTER (in billion pesos) 2002 2001 Change Net Sales P 30.2 P 22.4 35% P 2.52 P 2.38 6% Operating Income P 1.11 P 1.67 -33% Net Income without acquisition P 1.89 13% EBITDA P 4.44 P 3.92 13% Equity Earnings P 0.20 P 0.4

  3. Slide 3: Beer performs better than expected

    First Quarter, 2002 Beer performs better than expected BEER PHILIPPINES (in billion pesos) 2002Act 2001Act Change Sales Revenue P 6.66 P 7.17 -7% Operating Income P 1.26 P 1.34 -6% Volume Growth -9%

  4. Slide 4: International turns in mixed results

    First Quarter, 2002 International turns in mixed results BEER INTERNATIONAL (in million dollars) 2002Act 2001Act Change Sales Revenue $ 53.1 $ 53.8 -1% Operating Income $(0.97) $(0.31) -211% Volume Growth -2%

  5. Slide 5: LTDI continues to perform well as efficiencies improve

    First Quarter, 2002 LTDI continues to perform well as efficiencies improve LA TONDEÑA (in billion pesos) 2002Act 2001Act* Change Sales Revenue P 2.58 P 2.65 -3% Operating Income P 0.69 P 0.66 4% Net Income P 0.41 P 0.30 37% with water & juice P 0.36 10% Volume Growth -6% *Restated to exclude water &

  6. Slide 6: CCBPI doing better than expected as integration goes into full swing

    First Quarter, 2002 CCBPI doing better than expected as integration goes into full swing CCBPI (in billion pesos) 2002Act Sales Revenue P 6.98 Operating Income P 0.11 Net Income P 0.07 Volume (mil cases) Softdrinks (CCBPI only) 70.8

  7. Slide 7: Cosmos hampered by lack of packaging supplies

    First Quarter, 2002 Cosmos hampered by lack of packaging supplies COSMOS (in billion pesos) 2002Act Sales Revenue P 1.90 Operating Income P 0.15 Net Income P 0.41 before one-off P 0.10 Volume (mil eq. cases) 29.70

  8. Slide 8: Food delivering creditably well as integration proceeds smoothly

    First Quarter, 2002 Food delivering creditably well as integration proceeds smoothly SAN MIGUEL FOOD GROUP (in billion pesos) 2002Act 2001Act Change Sales Revenue P 8.45 P 4.57 85% Operating Income P 0.25 P 0.14 75% Volume Growth 67%

  9. Slide 9: Food delivering creditably well as integration proceeds smoothly

    First Quarter, 2002 Food delivering creditably well as integration proceeds smoothly Butter, Margarine & Cheese Poultry, Feeds & Flour (PDPC and Star Dari Inc.) (San Miguel Foods, Inc. & Pure Foods) • Volume up 3% • Chicken volume up 7% • Revenue up 7% to P579M • Feeds up 12% ; Flour down 10% • Op.

  10. Slide 10: Packaging is faced with intense competition

    First Quarter, 2002 Packaging is faced with intense competition PACKAGING GROUP (in billion pesos) 2002Act 2001Act Change Sales Revenue P 3.65 P 3.55 3% Operating Income P 0.41 P 0.49 -16% Volume Growth -9%

  11. Slide 11: Integration Programs: Going-to-Market Strategy

    First Quarter, 2002 Integration Programs “Going-to-Market” Strategy • 70:30 Volume Mix Distribution • Functional Discounting Scheme

  12. Slide 12: Integration Programs: Synergies

    First Quarter, 2002 Integration Programs Synergies • Cosmos is now produced in CCBPI facilities • Cosmos-in-can production transferred to CCBPI Sta Rosa • Consolidation of Sugar and CO2 purchasing • Raw Material sharing

  13. Slide 13: Integration Programs: Sharing of Best Practices

    First Quarter, 2002 Integration Programs Sharing of Best Practices • Improvement of breeds • Selling strategies • Maximization of facilities • Raw material sourcing • Farm practices • Brand rationalization

San Miguel — Q1 2002 Earnings Presentation on 6ix