San Miguel Corporation · PSE:SMC
San Miguel — Q1 2020 Earnings Presentation
20 slides from San Miguel's earnings presentation, May 28, 2020
Slide 1: SEC Form 17-C Current Report
C03794-2020 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) May 28, 2020 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: PSE Disclosure Form 4-30 - Material Information
PCOR SERIES C BONDS DUE 2024 (IN MIL 13,200 PESO) PCOR SERIES D BONDS DUE 2025 (IN MIL 6,800 PESO) TOTAL DEBT AS OF MARCH 31, 2020 (IN 285,072 MIL PESO-CONSO) 11. Indicate the item numbers reported herein Item 9 The Exchange does not warrant and holds no responsibility for the veracity of the facts
Slide 3: Filed on behalf by
Filed on behalf by: Name Jhoanna Jasmine Javier-Elacio Designation Legal Manager and Assistant Corporate Secretary
Slide 4: Letter to Philippine Stock Exchange: SMC Investors' Briefing
May 28, 2020 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 6th Floor, PSE Tower 5th Avenue corner 28th Street Bonifacio Global City, Taguig City Attention: Ms.Janet A. Encarnacion Head, Disclosure Department PHILIPPINE DEALING & EXCHANGE CORP. 29th Floor, BDO Equitable Tower 8751 Paseo de Ro
Slide 5: Investors' Briefing 2020 First Quarter Results
INVESTORS’ BRIEFING 2020 FIRST QUARTER RESULTS May 28, 2020 SAN MIGUEL PACKAGING GROUP
Slide 6: SMC Initiatives Amid COVID-19
SAN MIGUEL CORPORATION FIRST QUARTER 2020 S M C I N I T I AT I V E S A M I D C O V I D - 1 9 Source: https://www.facebook.com/officialsanmiguelcorp 2
Slide 7: SMC Initiatives Amid COVID-19
SAN MIGUEL CORPORATION FIRST QUARTER 2020 S M C I N I T I AT I V E S A M I D C O V I D - 1 9 Source: https://www.facebook.com/officialsanmiguelcorp 3
Slide 8: SMC Commitments/Activities
SAN MIGUEL CORPORATION FIRST QUARTER 2020 SMC COMMITMENTS/ACTIVITIES SMC redeemed its Series 1 Preferred Shares (SMCP1) consisting of 279,406,667 shares amounting to P20 billion SMC and its subsidiaries paid obligations even as government provided an option for relief or deferment of payments Cash d
Slide 9: San Miguel Corporation
SAN MIGUEL CORPORATION FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 214,066 250,924 -15% Income from Operations 11,728 31,106 -62% Net Income 1,093 12,825 -91% EBITDA 26,972 41,038 -34% 5
Slide 10: San Miguel Food and Beverage, Inc.
SAN MIGUEL FOOD AND BEVERAGE, INC. FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 69,018 75,655 -9% Income from Operations 8,643 10,810 -20% Net Income 5,826 7,363 -20% 6
Slide 11: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. (a Division of San Miguel Food and Beverage, Inc.) FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 28,404 34,832 -18% Income from Operations 5,383 9,556 -44% Net Income 3,770 6,747 -44% 7
Slide 12: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. (a Division of San Miguel Food and Beverage, Inc.) FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 7,452 8,265 -10% Income from Operations 686 986 -30% Net Income 474 616 -23% 8
Slide 13: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 33,161 32,558 2% Income from Operations 2,585 284 * Net Income 1,636 11 * * higher by more than 100% 9
Slide 14: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) FIRST QUARTER 2020 2 1 3 3 1 Feeds and veterinary medicine 2 Poultry and fresh meats 3 Refrigerated and canned meats, dairy, spreads, biscuits, and coffee 10
Slide 15: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 8,496 8,840 -4% Income from Operations 570 828 -31% 15
Slide 16: SMC Global Power Holdings Corp
SMC GLOBAL POWER HOLDINGS CORP FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 28,298 34,676 -18% Income from Operations 7,823 9,841 -21% Net Income 3,221 3,579 -10% 16
Slide 17: Petron Corporation
PETRON CORPORATION FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales 104,623 124,558 -16% Income from Operations (4,410) 4,865 * Net Income (4,878) 1,303 * * lower by more than 100% 17
Slide 18: SMC Infrastructure
SMC INFRASTRUCTURE FIRST QUARTER 2020 IN MILLION PESOS 1Q2020 1Q2019 CHANGE Net Sales* 4,661 6,359 -27% Income from Operations* 1,772 3,130 -43% *Manila North Harbor Ports results deconsolidated effective April 26, 2019 19
Slide 19: SMC Financial Position
SMC FINANCIAL POSITION As of March As of December IN BILLION PESOS 2020 2019 Total Assets 1,910 1,818 Cash 384 286 Interest –bearing Debt 971 852 Current Ratio 1.70x 1.46x Total Liabilities to Equity Ratio 2.30x 2.16x Interest-bearing Debt to Equity Ratio 1.68x 1.48x EBITDA-to-Total Interest Expense
Slide 20: 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 Food and Beverage, Inc. - www.smfb.com.ph Petron Corporation - www.petron.com SMC Global Power Holdings Corp