San Miguel Corporation · PSE:SMC

San Miguel — FY2011 Earnings Presentation

12 slides from San Miguel's earnings presentation, Mar 28, 2012

  1. Slide 1: Letter to Philippine Stock Exchange: SMC Investors' Briefing for 2011

    March 28, 2012 PHILIPPINE STOCK EXCHANGE, INC. (PSE) 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 2011 Gentlemen: We are forwarding the m

  2. Slide 2: Full-Year 2011 Results

    SAN a FET senndjue (sem 2d Brewery INC. Full-Year 20 Results

  3. Slide 3: Consolidated results (in billion pesos)

    In Billion Pesos Net Sales $35.8 246.2 118% Income from Operations 56.0 34.6 62% Net Income before minority interest 28.5 24.1 18% Net Income attributable to equity holders of the parent company lee sbi 713% Net Income excluding one-off items and forex gains a8 sd aim Recurring EBITDA 77.2 $2.5 47%

  4. Slide 4: Brewery results

    n Pesos 2011 2010 Change Net Sales 71,910 67,575 6% Income from Operations 20,471 18,551 10% Volume (mil cases) 223.8 220.7 1% Domestic 185.0 183.6 1% International 38.8 37.1 5%

  5. Slide 5: Segment results (in million pesos)

    in Million Pesos 2011 2010 Change Net Sales 15,113 22,688 -33% Income from Operations (891) 1,519 -159% Volume (mil cases) 25.0 39.4 -37%

  6. Slide 6: Segment results (in million pesos)

    In Million Pesos 2011 2010 Change Net Sales 89,591 80,418 11% Income from Operations 6,142 5,906 4%

  7. Slide 7: Segment results

    In 2011 2010 Change Net Sales 24,113 23,438 3% Income from Operations 2,158 1,999 8%

  8. Slide 8: Power segment results

    In Mii 2011 2010 Change Net Sales 71,445 66,137 8% Income from Operations 16,720 16,178 3% Net Generation (‘000 MWH) 14,483 11,085 31%

  9. Slide 9: Petron results (in million pesos)

    In ion Pesos 2011 2010 Change Net Sales 273,956 229,094 20% Income from Operations 14,834 12,511 19% Net Income 8,469 7,894 7%

  10. Slide 10: Infrastructure updates: airport and TPLEX

    ¢ Terminal fee increased to P200 last January * Technical plans of runway extension for completion Jw TPLEX * Tarlac-Gerona stretch expects to start operation by 4Q2012 * Technical evaluation and other aspects of the project under review

  11. Slide 11: Balance sheet and leverage ratios

    | ASSET CASH BALANCE INTEREST BEARING DEBT CURRENT RATIO DEBT TO EQUITY RATIO INTEREST BEARING DEBT TO EQUITY RATIO NET DEBT TO EBITDA * P 890.5 billion © P.129.0 billion * P 294.0 billion e161 °1.98 *0.98 °2.14

  12. Slide 12: Thank you

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