San Miguel Food & Beverage, Inc. · PSE:FB
San Miguel Food & Beverage — FY2019 Earnings Presentation
17 slides from San Miguel Food & Beverage's earnings presentation, Mar 12, 2020
Slide 1: SEC Form 17-C Current Report
3/13/2020 Material Information/Transactions C01641-2020 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Mar 12, 2020 2. SEC Identification Number 118
Slide 2: PSE Disclosure Form 4-30 - Material Information/Transactions
3/13/2020 Material Information/Transactions San Miguel Food and Beverage, Inc. FB PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules Subject of the Disclosure Investors' Briefing Materials of t
Slide 3: Cover letter to the Philippine Stock Exchange
SAN MIGUEL FOOD AND BEVERAGE, INC. March 12, 2020 Philippine Stock Exchange, Inc. 9th Floor, PSE Tower 28th Street cor. 5th Avenue BGC Taguig City Attention: MS. JANET A. ENCARNACION Head, Disclosure Department Gentlemen: Attached are the materials for the Investors’ Briefing of the San Miguel Group
Slide 4: Investors' Briefing 2019 Full Year Results
INVESTORS’ BRIEFING 2019 FULL YEAR RESULTS March 12, 2020
Slide 5: Full-Year 2019 Recent Developments
SAN MIGUEL CORPORATION FULL-YEAR 2019 RECENT DEVELOPMENTS SMC consent solicitation to secure approval of the holders of US$800 million notes due 2023, Series A, B, C, D, E, F, G bond debt securities and 5.25% fixed rate notes due 2020 SMC medium term note program amounting to US$3 billion and issuan
Slide 6: San Miguel Corporation
SAN MIGUEL CORPORATION FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 1,020,502 1,024,943 0% Income from Operations 115,715 117,085 -1% Net Income 48,574 48,648 0% EBITDA 162,445 157,887 3% 3
Slide 7: San Miguel Food and Beverage, Inc.
SAN MIGUEL FOOD AND BEVERAGE, INC. FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 310,785 286,378 9% Income from Operations 47,781 45,950 4% Net Income 32,279 30,533 6% 4
Slide 8: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. (a Division of San Miguel Food and Beverage, Inc.) FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 142,272 129,249 10% Income from Operations 38,720 35,285 10% Net Income 27,285 23,836 14% 5
Slide 9: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. (a Division of San Miguel Food and Beverage, Inc.) FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 29,063 24,835 17% Income from Operations 2,878 1,832 57% Net Income 1,672 1,053 59% 6
Slide 10: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 139,459 132,299 5% Income from Operations 6,216 9,182 -32% Net Income 3,449 5,886 -41% 7
Slide 11: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) FULL-YEAR 2019 2 1 3 3 1 Feeds and veterinary medicine 2 Poultry and fresh meats 3 Refrigerated and canned meats, dairy, spreads, biscuits, and coffee 8
Slide 12: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 37,874 37,325 1% Income from Operations 3,598 3,311 9% 9
Slide 13: SMC Global Power Holdings Corp
SMC GLOBAL POWER HOLDINGS CORP FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 135,060 120,103 12% Income from Operations 35,954 33,174 8% Net Income 14,364 8,300 73% 10
Slide 14: Petron Corporation
PETRON CORPORATION FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales 514,362 557,386 -8% Income from Operations 16,199 18,921 -14% Net Income 2,303 7,069 -67% 11
Slide 15: SMC Infrastructure
SMC INFRASTRUCTURE FULL-YEAR 2019 IN MILLION PESOS 2019 2018 CHANGE Net Sales* 23,406 24,530 -5% Income from Operations* 11,444 11,828 -3% *Manila North Harbor Ports results deconsolidated effective April 26, 2019 12
Slide 16: SMC Financial Position
SMC FINANCIAL POSITION IN BILLION PESOS 2019 2018 Total Assets 1,818 1,677 Cash 286 243 Interest –bearing Debt 852 802 Current Ratio 1.47x 1.37x Total Liabilities to Equity Ratio 2.16x 2.28x Interest-bearing Debt to Equity Ratio 1.48x 1.57x EBITDA-to-Total Interest Expense 2.98x 3.72x Net Debt-to-To
Slide 17: 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 Food and Beverage, Inc. - www.smfb.com.ph Petron Corporation - www.petron.com SMC Global Power Holdings Corp
San Miguel Food and Beverage — FY2019 Earnings Presentation on 6ix