Slide 1: SEC Form 17-C Current Report
C04763-2016 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) Aug 10, 2016 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: PSE Disclosure Form 4-30 - Material Information
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely f
Slide 3: Letter to Philippine Stock Exchange
August 10, 2016 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 3rd Floor, Philippine Stock Exchange Center Ayala Triangle, Ayala Avenue Makati City Attention: Mr. Jose Valeriano B. Zuño III OIC, Head, Disclosure Department Subject: SMC Investors’ Briefing for 2016 First Semester Results Gentl
Slide 4: Investors' Briefing 2016 First Semester Results
SAN MIGUEL CORPORATION I sanSuel > SAN MIGUEL Pure Foods BREWERY INC. PETRON INVESTORS’ BRIEFING 2016 First Semester Results 10 August 2016
Slide 5: Recent Events
Recent Events Sale of Telco business: 1 - Enterprise Value: P69.1 billion - P52.08 billion represents share value and advances Acquisition /full control in MRT7 Project: 2 - Total consideration: $100 million - Acquisition of 49% equity interest in Universal LRT Corporation SMC Global Power issuance
Slide 6: San Miguel Corporation First Semester 2016
SAN MIGUEL CORPORATION FIRST SEMESTER 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 329,168 334,076 -1% Income from Operations 48,753 41,094 19% Net Income from Continuing 23,463 17,619 33% Operation Reported Net Income 35,281 17,010 107% EBITDA 63,372 52,276 21% investors’ briefing 2016 first se
Slide 7: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. FIRST SEMESTER 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 47,396 39,802 19% Income from Operations 12,574 10,875 16% Net Income 8,252 6,903 20% investors’ briefing 2016 first semester results 4
Slide 8: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. FIRST SEMESTER 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 8,414 7,453 13% Income from Operations 414 246 68% Net Income 138 5 * investors’ briefing 2016 first semester results 5
Slide 9: San Miguel Pure Foods Company Inc.
SAN MIGUEL PURE FOODS COMPANY INC. FIRST SEMESTER 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 53,154 50,508 5% Income from Operations 3,602 2,740 31% Net Income 2,499 1,829 37% investors’ briefing 2016 first semester results 6
Slide 10: San Miguel Pure Foods - Agro-Industrial
SAN MIGUEL PURE FOODS COMPANY INC. Agro-Industrial IN MILLION PESOS REVENUE INCOME FROM O P E R AT I O N S +8% +134% 37,102 1,695 34,506 724 1H2016 1H2015 1H2016 1H2015 Vo l u me G ro w t h Poultry & Fresh Meats 7% Feeds 6% investors’ briefing 2016 first semester results 7
Slide 11: San Miguel Pure Foods - Milling
SAN MIGUEL PURE FOODS COMPANY INC. Milling IN MILLION PESOS REVENUE INCOME FROM O P E R AT I O N S -7% -23% 5,073 899 1,162 4,740 1H2016 1H2015 1H2016 1H2015 Ave. Selling Prices 14% Ave. Wheat Cost 11% of Basic Flour investors’ briefing 2016 first semester results 8
Slide 12: San Miguel Pure Foods - Branded Value-Added
SAN MIGUEL PURE FOODS COMPANY INC. Branded Value - Added IN MILLION PESOS REVENUE INCOME FROM O P E R AT I O N S +8% +25% 12,147 11,285 856 684 1H2016 1H2015 1H2016 1H2015 Brand Building investors’ briefing 2016 first semester results 9
Slide 13: San Miguel Pure Foods - Food Service
SAN MIGUEL PURE FOODS COMPANY INC. Food Service Fast Food Chains Convenience Stores Pizza Chains Hotels & Restaurants investors’ briefing 2016 first semester results 10
Slide 14: San Miguel Pure Foods First Semester 2016
SAN MIGUEL PURE FOODS COMPANY INC. FIRST SEMESTER 2016 As of As of IN MILLION PESOS June 2016 December 2015 Total Assets 61,228 61,038 Cash 8,806 9,284 Net Working Capital 19,336 18,882 CAPEX 1,101 3,128 Interest-bearing Debt 3,438 3,641 Current Ratio 1.95x 1.89x Debt-to-Equity Ratio 0.51x 0.56x Int
Slide 15: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP FIRST SEMESTER 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 13,511 12,013 12% Income from Operations 1,331 1,104 21% investors’ briefing 2016 first semester results 12
Slide 16: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. FIRST SEMESTER 2016 IN MILLION PESOS 2016 2015 CHANGE Net Sales 41,072 40,455 2% Income from Operations 15,741 13,650 15% investors’ briefing 2016 first semester results 13
Slide 17: Greenfield Power Projects - Malita
GREENFIELD POWER PROJECTS M A L I T A 2 X 15 0 M W POWER PLANT investors’ briefing 2016 first semester results 14
Slide 18: Greenfield Power Projects - Limay
GREENFIELD POWER PROJECTS L I M A Y 2 X 15 0 M W POWER PLANT investors’ briefing 2016 first semester results 15
Slide 19: Petron Corp. Crude Prices and Price Differentials
PETRON CORP. 16 CRUDE PRICES PRICE DIFFERENTIALS VS. DUBAI 120 GASOLINE 10 Differentials vs. Dubai, USD /bbl NAPHTHA 1H15 1H16 25 5 100 Dubai: $56.55 Dubai: $37.06 20 0 Crude Prices, USD/bbl Brent: $57.84 Brent: $39.81 15 (5) 10 (10) 80 LPG 5 (15) Jun 2016 0 (20) 60 Dubai $46.3 3Q15 4Q15 1Q16 2Q16 3
Slide 20: Petron Corp. Operating Performance
PETRON CORP. • Strong sales volumes growth in all major segments Operating Performance - PH driven by strong growth in SALES VOLUME PERFORMANCE (‘000 BARRELS/DAY) industrial, LPG and lubricants. Diesel as main product driver. PH MY 250 - MY driven by high industrial and retail 225 growth with gasoli
Slide 21: Petron Corp. First Semester 2016
PETRON CORP. FIRST SEMESTER 2016 IN MILLION PESOS 1H 2016 1H2015 CHANGE Net Sales 161,863 186,051 -13% Gross Margins 17,754 14,918 19% Rate 11% 8% Income From Operations 11,479 8,876 29% Net Income 5,279 3,408 55% Volume (in million barrels) 51.8 47.4 9% investors’ briefing 2016 first semester resul
Slide 22: San Miguel Holdings Infrastructure Business
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS FIRST SEMESTER 2016 IN MILLION PESOS 2016 2015* CHANGE Net Sales 9,779 8,552 14% Income from Operations 5,035 4,611 9% investors’ briefing 2016 first semester results 19
Slide 23: NAIA Expressway
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS NAIA EXPRESSWAY Macapagal Blvd. (Ramps 15-16) Toll Plaza (Ramp 9) investors’ briefing 2016 first semester results 20
Slide 24: Boracay Airport
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS BORACAY AIRPORT Ongoing rehabilitation of old routes Ongoing works on Osmeña Highway investors’ briefing 2016 first semester results 21
Slide 25: Skyway Stage
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS SKYWAY STAGE 3 Main Alignment Ongoing works on Section 3 Ongoing works on Section 3 investors’ briefing 2016 first semester results 22
Slide 26: TPLEX
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS TPLEX Completed Construction in Binalonan investors’ briefing 2016 first semester results 23
Slide 27: SLEX TR4
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS SLEX TR4 investors’ briefing 2016 first semester results 24
Slide 28: MRT-7
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS MRT -7 DRILLING AT TANDANG SORA FLYOVER DRILLING AT QUIRINO AVE. BESIDE LAMESA AS-BUILT T SURVEYS OF UTILITIES investors’ briefing 2016 first semester results 25
Slide 29: Bulacan Bulk Water
SAN MIGUEL HOLDINGS CORP. INFRASTRUCTURE BUSINESS BULACAN BULK WATER investors’ briefing 2016 first semester results 26
Slide 30: SMC Financial Position
SMC FINANCIAL POSITION As of As of IN BILLION PESOS June 2016 December 2015 Total Assets 1,276 1,246 Cash 190 181 Interest –bearing Debt 500 515 Current Ratio 1.54x 1.32x Total Liabilities to Equity Ratio 1.93x 2.24x Interest-bearing Debt to Equity Ratio 1.15x 1.34x Net-Debt-to-EBITDA 2.19x 2.57x in
Slide 31: Visit Our Websites / Contact Us
VISIT OUR WEBSITES CONTACT US San Miguel Corporation - www.sanmiguel.com.ph SMC Investor Relations +632 632 3752 San Miguel Brewery Inc. - www.sanmiguelbrewery.com.ph +632 632 3422 Ginebra San Miguel Inc. - www.ginebrasanmiguel.com San Miguel Pure Foods Co. Inc. - www.sanmiguelpurefoods.com Petron C