San Miguel Corporation · PSE:SMC
San Miguel — FY2013 Earnings Presentation
18 slides from San Miguel's earnings presentation, Mar 27, 2014
Slide 1: 2013 Full-Year Results
San Miguel Corporation Investors’ Briefing 2013 Full-Year Results March 27, 2014
Slide 2: Updates
Updates Completion of Meralco Share Sale Consolidation of STAR Tollway Completion of property dividends distribution SMB bond offering Petron shares sale by PCERP Full-Year 2013
Slide 3: Consolidated Financial Highlights
Consolidated Financial Highlights In billion pesos 2013 2012 Change Net Sales 747.7 699.4 7% Income from Operations 55.1 51.4 7% Net Income before foreign exchange 53.6 17.3 210% gains/losses Foreign exchange gains -15.6 9.5 (losses) Net Income attributable to the equity holders of 38.1 26.8 42% the
Slide 4: San Miguel Brewery Inc.
San Miguel Brewery Inc. In million pesos 2013 2012 Change Net Sales 75,053 75,580 -1% Income from 21,554 22,333 -3% Operations Volume (mil cases) 204 225 -9% Full-Year 2013
Slide 5: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. In million pesos 2013 2012 Change Net Sales 14,399 14,002 3% Income from (793) (528) -50% Operations Volume (mil cases) 21 24 -12% In million pesos 1st Semester 2nd Semester Net Sales 6,051 8,348 Income from Operations (811) 18 Full-Year 2013
Slide 6: San Miguel Pure Foods Co., Inc.
San Miguel Pure Foods Co., Inc. In million pesos 2013 2012 Change Net Sales 99,773 95,787 4% Income from 5,510 5,177 6% Operations Net Income attributable to 4,097 4,172 -2% equity holders of parent company Full-Year 2013
Slide 7: San Miguel Pure Foods: Commodity Businesses
San Miguel Pure Foods Co., Inc. COMMODITY BUSINESSES (Feeds, Poultry and Fresh Meats and Flour) For the Year 2013 In million Pesos Revenue Operating Income 3,977 3,629 74,964 72,030 2012 2013 2012 2013
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) For the Year 2013 In million Pesos Revenue Operating Income 23,221 21,512 1,695 1,541 2012 2013 2012 2013
Slide 9: San Miguel Yamamura Packaging
San Miguel Yamamura Packaging In million pesos 2013 2012 Change Net Sales 25,187 24,460 3% Income from 2,082 2,284 -9% Operations Full-Year 2013
Slide 10: SMC Global Power Holdings Corp.
SMC Global Power Holdings Corp. In million pesos 2013 2012 Change Net Sales 74,044 74,656 -1% Income from Operations 20,541 17,127 20% Offtake Volume (Gwh) 16,163 15,961 1% Full-Year 2013
Slide 11: Petron Corp.
Petron Corp. In million pesos 2013 2012 Change Net Sales 463,638 424,795 9% Income from 11,684 7,860 49% Operations Volume (MB) 81,545 74,277 10% Full-Year 2013
Slide 12: Petron Corp.
Petron Corp. • 95% complete as of December 2013 RMP2: REFINERY UPGRADE • Capex Spent: USD1.9B • Target Commercial Operation: 4Q2014 • Close to 2,200 stations as of end December 2013 SERVICE STATION EXPANSION • ~300 additional stations under different stages of construction PETRON MALAYSIA UPGRADE •
Slide 13: TPLEX Inauguration
TPLEX Inauguration Infrastructure • Opened 22.6-km Tarlac-Paniqui Stretch • Inaugurated last December 23, 2013
Slide 14: Skyway Groundbreaking
Skyway 3 Groundbreaking Infrastructure January 22, 2014
Slide 15: NAIA Expressway Construction
NAIA Expressway Construction Infrastructure
Slide 16: Boracay Airport Updates
Boracay Airport Updates Infrastructure • Ongoing hill leveling for completion by 1H14 • Construction of extended runway to start by early 2015 • Preparatory works for new terminal to start by 4Q14
Slide 17: Financial Position
Financial Position INTEREST- INTEREST- TOTAL CASH CURRENT DEBT-TO- BEARING- NET-DEBT- BEARING ASSETS BALANCE RATIO EQUITY DEBT-TO- TO-EBITDA DEBT EQUITY P 1,170 P 191.6 P 450.7 1.46x 2.20x 1.23x 3.14x billion billion billion As of Year-end 2013
Slide 18: 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 Company, Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Contact us: SMC Investor Re