San Miguel Corporation · PSE:SMC
San Miguel — Q1 2017 Earnings Presentation
23 slides from San Miguel's earnings presentation, May 10, 2017
Slide 1: Investors' Briefing 2017 First Quarter Results
SAN MIGUEL CORPORATION INVESTORS’ BRIEFING 2017 FIRST QUARTER RESULTS 10 May 2017 SAN MIGUEL 2d San Miguel BREWERY INC. inl PETRON Foods
Slide 2: San Miguel Corporation First Quarter 2017
SAN MIGUEL CORPORATION FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 195,762 159,625 23% Income from Operations 27,513 22,822 21% Net Income 13,828 13,539 2% Net Income excluding Forex 14,832 9,181 62% EBITDA 35,458 31,473 13% investors’ briefing 2017 first quarter results 2
Slide 3: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 25,364 23,267 9% Income from Operations 6,677 6,050 10% Net Income 4,491 4,018 12% investors’ briefing 2017 first quarter results 3
Slide 4: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 5,136 3,934 31% Income from Operations 303 188 61% Net Income 129 54 138% investors’ briefing 2017 first quarter results 4
Slide 5: San Miguel Pure Foods Company Inc.
SAN MIGUEL PURE FOODS COMPANY INC. FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 26,661 25,980 3% Income from Operations 2,069 1,776 16% Net Income 1,465 1,218 20% investors’ briefing 2017 first quarter results 5
Slide 6: San Miguel Pure Foods: Agro-Industrial
SAN MIGUEL PURE FOODS COMPANY INC. Agro-Industrial IN MILLION PESOS REVENUE +2% 18,732 18,301 1Q2016 1Q2017 investors’ briefing 2017 first quarter results 6
Slide 7: San Miguel Pure Foods: Milling
SAN MIGUEL PURE FOODS COMPANY INC. Milling IN MILLION PESOS REVENUE +4% 2,450 2,363 1Q2016 1Q2017 investors’ briefing 2017 first quarter results 7
Slide 8: San Miguel Pure Foods: Branded Value-Added
SAN MIGUEL PURE FOODS COMPANY INC. Branded Value - Added IN MILLION PESOS REVENUE +3% 5,872 5,694 1Q2016 1Q2017 investors’ briefing 2017 first quarter results 8
Slide 9: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 6,839 6,503 5% Income from Operations 632 597 6% investors’ briefing 2017 first quarter results 9
Slide 10: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 19,353 19,931 -3% Income from Operations 6,040 7,310 -17% investors’ briefing 2017 first quarter results 10
Slide 11: Greenfield Power Projects: Malita
GREENFIELD POWER PROJECTS M A L I T A 2 X 15 0 M W POWER PLANT investors’ briefing 2017 first quarter results 11
Slide 12: Greenfield Power Projects: Limay
GREENFIELD POWER PROJECTS L I M A Y 4 X 15 0 M W POWER PLANT investors’ briefing 2017 first quarter results 12
Slide 13: Petron Corp.
PETRON CORP. FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 106,412 76,857 38% Income from Operations 8,858 5,764 54% Net Income 5,555 2,758 101% Volume (in million barrels) 26.2 25.3 3% investors’ briefing 2017 first quarter results 13
Slide 14: Petron Corp. Sales Volume Performance
PETRON CORP. SALES VOLUME PERFORMANCE (MM BARRELS) PH MY 15.7 16.2 9.6 10.0 1Q2016 1Q2017 1Q2016 1Q2017 investors’ briefing 2017 first quarter results 14
Slide 15: First Quarter 2017 Infrastructure Results
FIRST QUARTER 2017 IN MILLION PESOS 1Q2017 1Q2016 CHANGE Net Sales 5,326 4,692 14% Income from Operations 2,563 2,429 6% investors’ briefing 2017 first quarter results 15
Slide 16: NAIA Expressway
FIRST QUARTER 2017 NAIA EXPRESSWAY Completed ramps from Skyway investors’ briefing 2017 first quarter results 16
Slide 17: Boracay Airport
FIRST QUARTER 2017 BORACAY AIRPORT investors’ briefing 2017 first quarter results 17
Slide 18: Skyway Stage 3
FIRST QUARTER 2017 SKYWAY STAGE 3 Ongoing works on Section 1 Ongoing works on Section 3 Ongoing works on Section 4 investors’ briefing 2017 first quarter results 18
Slide 19: TPLEX
FIRST QUARTER 2017 TPLEX Installation of Median Barrier @ Brgy. Baligi Completed Aloragat Bridge investors’ briefing 2017 first quarter results 19
Slide 20: MRT-7
FIRST QUARTER 2017 MRT - 7 Initial drilling and excavation @ Doña Carmen Installation of rebar cage @ Doña Carmen investors’ briefing 2017 first quarter results 20
Slide 21: Bulacan Bulk Water
FIRST QUARTER 2017 BULACAN BULK WATER Bars & formworks installation Concrete pouring & lower ground wall Soil excavation & Slope trimming investors’ briefing 2017 first quarter results 21
Slide 22: SMC Financial Position
SMC FINANCIAL POSITION As of As of IN BILLION PESOS March 2017 December 2016 Total Assets 1,316 1,307 Cash 201 203 Interest –bearing Debt 520 518 Current Ratio 1.26x 1.26x Total Liabilities to Equity Ratio 1.96x 1.99x Interest-bearing Debt to Equity Ratio 1.17x 1.19x Net-Debt-to-EBITDA 1.88x 1.91x i
Slide 23: 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 Pure Foods Co. Inc. - www.sanmiguelpurefoods.com Petron Corporation - www.petron.com SMC Global Power Holdin