San Miguel Corporation · PSE:SMC
San Miguel — 9M 2014 Earnings Presentation
19 slides from San Miguel's earnings presentation, Nov 10, 2014
Slide 1: Letter to Philippine Stock Exchange
November 10, 2014 PHILIPPINE STOCK EXCHANGE, INC. 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 the September-YTD 2014 Results Gentlemen:
Slide 2: Investors' Briefing September-YTD 2014 Results
INVESTORS’ BRIEFING SEPTEMBER – YTD 2014 RESULTS
Slide 3: SMC Consolidated
SMC CONSOLIDATED SEPTEMBER - YTD IN BILLIONS OF 2014 2013 CHANGE PESOS NET SALES 598.7 543.6 10% INCOME FROM OPERATIONS 46.7 46.0 2% NET INCOME BEFORE NON- 23.2 17.7 31% CONTROLLING INTERESTS NET INCOME ATTRIBUTABLE TO THE EQUITY HOLDERS OF THE 13.2 7.5 74% PARENT COMPANY EBITDA 67.2 62.4 8%
Slide 4: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. SEPTEMBER - YTD IN MILLION 2014 2013 CHANGE PESOS NET SALES 56,283 53,624 5% INCOME FROM OPERATIONS 15,270 15,371 -1% VOLUME 152.6 147.6 3% (MIL CASES)
Slide 5: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. SEPTEMBER - YTD IN MILLION 2014 2013 CHANGE PESOS NET SALES 10,628 9,911 7% INCOME FROM OPERATIONS 124 (869) 114% VOLUME (MIL CASES) 15.0 14.7 2%
Slide 6: San Miguel Pure Foods Co. Inc.
SAN MIGUEL PURE FOODS CO. INC. SEPTEMBER-YTD IN MILLION 2014 2013 CHANGE PESOS NET SALES 74,415 71,413 4% INCOME FROM OPERATIONS 4,327 3,667 18%
Slide 7: San Miguel Pure Foods: Agro & Milling Businesses
SAN MIGUEL PURE FOODS CO. INC. AGRO & MILLING BUSINESSES (Feeds, Poultry and Fresh Meats and Flour) September - YTD In million Pesos REVENUES OPERATING INCOME 7% 28%
Slide 8: San Miguel Pure Foods: Branded Value-Added Businesses
SAN MIGUEL PURE FOODS CO. INC. BRANDED VALUE-ADDED BUSINESSES (Processed Meats, Dairy and Coffee) September - YTD In million Pesos REVENUES OPERATING INCOME 2% -6%
Slide 9: San Miguel Yamamura Packaging Corp.
SAN MIGUEL YAMAMURA PACKAGING CORP. SEPTEMBER-YTD IN MILLION 2014 2013 CHANGE PESOS NET SALES 17,264 17,714 -3% INCOME FROM OPERATIONS 1,576 1,485 6%
Slide 10: SMC Global Power
SMC GLOBAL POWER SEPTEMBER-YTD IN MILLION 2014 2013 CHANGE PESOS NET SALES 65,516 55,060 19% INCOME FROM OPERATIONS 21,877 15,765 39% OFFTAKE VOLUME (‘000 GWH) 13.0 12.5 4%
Slide 11: SMC Global Power: Limay 2x150 MW Power Plant
SMC GLOBAL POWER LIMAY 2x150 MW POWER PLANT On-going construction
Slide 12: SMC Global Power: Malita 2x150 MW Power Plant
SMC GLOBAL POWER MALITA 2x150 MW POWER PLANT On-going construction
Slide 13: Petron Corp.
PETRON CORP. SEPTEMBER-YTD IN MILLION 2014 2013 CHANGE PESOS NET SALES 379,540 335,933 13% INCOME FROM OPERATIONS 6,903 9,515 -27% VOLUME (million barrels) 64.7 60.2 7%
Slide 14: Petron Corp.: RMP2
PETRON CORP. RMP2 On-going commissioning and production ramp-up
Slide 15: Petron Corp.: Service Station Network and Upgrade
PETRON CORP. SERVICE STATION NETWORK AND UPGRADE PHILIPPINES: MALAYSIA: 2,200 TOTAL 10 NEW NUMBER OF STATIONS, STATIONS 460 REBRANDED
Slide 16: Petron Preferred Shares Offering
PETRON CORP. PETRON PREFERRED SHARES OFFERING Offer size of P7B with oversubscription of P3B Price at P1,000 per share Series 2A – 5 years with 6.3% dividend rate Series 2B – 7 years with 6.8583% dividend rate Listed in PSE - November 3
Slide 17: Infrastructure
INFRASTRUCTURE CONSTRUCTION OF 14-KM STRETCH FROM CARMEN- TPLEX URDANETA ONGOING; AGNO VIADUCT SUBSTANTITALLY COMPLETED COMBINED AVE. DAILY TRAFFIC GROWTH OF 5%; SLEX and SKYWAY 1 & 2 MIGRATION TO RFID SYSTEM ONGOING STAR TOLLWAYS IBAAN TO LIPA UP TO BATANGAS CITY STRETCH NOW OPEN TO TRAFFIC NAIA EX
Slide 18: Financial Position
TOTAL ASSETS: P1,231 B CASH: P238 B FINANCIAL INTEREST-BEARING DEBT: P461 B POSITION CURRENT RATIO: 1.60X AS OF SEPTEMBER 30, 2014 DEBT-TO-EQUITY: 2.19X INTEREST-BEARING-DEBT-TO- EQUITY: 1.19X NET-DEBT-TO-EBITDA: 2.50X
Slide 19: Thank You
THANK YOU PLEASE VISIT OUR WEBSITES: San Miguel Corporation San Miguel Brewery Inc. Ginebra San Miguel www.sanmiguel.com.ph www.sanmiguelbrewery.com.ph www.ginebrasanmiguel.com San Miguel Pure Foods Co. Inc. Petron Corporation www.sanmiguelpurefoods.com www.petron.com CONTACT US: SMC Investor Relati