San Miguel Corporation · PSE:SMC
San Miguel — Q3 2003 Earnings Presentation
13 slides from San Miguel's earnings presentation, Nov 7, 2003
Slide 1: Investors Briefing Third Quarter Results
INVESTORS BRIEFING THIRD QUARTER RESULTS 07 November 2003
Slide 2: Revenue growth across business groups
San Miguel Corporation – Consolidated Revenue growth across business groups Domestic Beer 5% Beer International 18% Coca-Cola Bottlers Grp 16% Packaging Group 14% Food Group 8%
Slide 3: Earnings boosted by low financing charges
San Miguel Corporation - Consolidated Earnings boosted by low financing charges Third Quarter First 9 Months (in billion pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P35.93 P 32.93 9% P108.1 P 99.04 9% Op. Income 3.33 3.30 1% 9.48 9.38 1% Net Income 1.79 1.56 15% 4.84 4.56 6%
Slide 4: Beer Philippines: Growth momentum sustained
Beer Philippines Growth momentum sustained Third Quarter First 9 Months (in billion pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P 6.87 P 6.57 5% P21.88 P19.91 10% Income from 0.94 0.86 10% 4.13 3.43 21% Operations Volume 33.8 33.1 2% 107.3 99.5 8% (mil cases)
Slide 5: Beer International: Performance turnaround post-SARS
Beer International Performance turnaround post-SARS Third Quarter First 9 Months (in million US$) 2003 2002 Change % 2003 2002 Change % Net Sales $68.04 $61.05 11% $167.6 $ 175.1 -4% Income from 4.91 4.52 9% (3.90) 2.81 -239% Operations Volume 13.0 11.7 11% 31.3 30.7 2% (mil cases)
Slide 6: Ginebra San Miguel: Sustaining volumes through exports
Ginebra San Miguel Sustaining volumes through exports Third Quarter First 9 Months (in Billion Pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P 2.53 P2.55 -1% P 8.51 P 8.08 5% Income from 0.50 0.55 -9% 1.91 1.92 -1% Operations Volume 6.82 6.82 0% 22.5 21.3 6% (mil cases)
Slide 7: Coca-Cola Bottlers Philippines: Performance hobbled by operational adjustments
Coca-Cola Bottlers Philippines, Inc. (Parent Only) Performance hobbled by operational adjustments Third Quarter First 9 Months (in Billion Pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P6.13 P6.87 -11% P 21.5 P 22.3 -3% Income from (0.11) 0.21 -152% 1.00 1.64 -39% Operations Volume 73.7 83.
Slide 8: Philippine Beverage Partners: Soaring cost of imported materials
Philippine Beverage Partners, Inc. Faced with soaring cost of imported materials Third Quarter First 9 Months (in Billion Pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P1.16 P1.42 -18% P 3.97 P 3.75 6% Income from 0.02 0.06 -63% 0.15 0.17 -12% Operations Volume 26.2 32.2 -19% 89.0 84.4 5% (
Slide 9: Cosmos Bottling Corp.: Volume recovery
Cosmos Bottling Corp. Volume recovery Third Quarter First 9 Months (in Billion Pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P2.36 P2.08 14% P 7.06 P 6.52 8% Income from 0.090 0.086 5% 0.49 0.60 -18% Operations Volume 36.3 32.3 12% 109.4 101.8 8% (mil cases)
Slide 10: Packaging Group: Growth on increased demand for bottles and plastics
Packaging Group Growth on the back of increased demand for bottles and plastics Third Quarter First 9 Months (in Billion Pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P 4.30 P 3.78 14% P13.29 P11.36 17% Income from 0.78 0.52 50% 2.21 1.33 66% Operations Volume Growth 6% 14%
Slide 11: Food Group: Recovery as selling prices improve
Food Group Recovery as selling prices improve Third Quarter First 9 Months (in Billion Pesos) 2003 2002 Change % 2003 2002 Change % Net Sales P10.37 P 9.60 8% P29.53 P27.54 7% Income from 0.48 0.65 -25% 0.74 1.28 -42% Operations Volume Growth 2% 4%
Slide 12: Food Group: Recovery as selling prices improve
Food Group Recovery as selling prices improve Poultry Meats • Average prices down 8% (Monterey Foods Corp.) • Chicken quarter volume up 3% • YTD Pork volume down 11%; • YTD revenues at P8.66 B Beef up 7%; Value added up 20% • YTD Op. Loss of P306M • YTD Revenue down 3% at P3.2B • YTD Op. Inc. of P17
Slide 13: Visit our website
Visit our website www.sanmiguel.com.ph