San Miguel Corporation · PSE:SMC
San Miguel — 9M 2014 Earnings Presentation
21 slides from San Miguel's earnings presentation, Nov 10, 2014
Slide 1: SEC Form 17-C Current Report
Remarks C05964-2014 Please be advised that the information contained herein was previously posted as an emergency submission in the PSE EDGE Portal on November 11, 2014 at 9:17AM. SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND S
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 the 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 4: Investors' Briefing September-YTD 2014 Results
INVESTORS’ BRIEFING SEPTEMBER – YTD 2014 RESULTS
Slide 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 12: 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 13: SMC Global Power: Limay 2x150 MW Power Plant
SMC GLOBAL POWER LIMAY 2x150 MW POWER PLANT On-going construction
Slide 14: SMC Global Power: Malita 2x150 MW Power Plant
SMC GLOBAL POWER MALITA 2x150 MW POWER PLANT On-going construction
Slide 15: 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 16: Petron Corp.: RMP2
PETRON CORP. RMP2 On-going commissioning and production ramp-up
Slide 17: Petron 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 18: 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 19: 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 20: 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 21: 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