San Miguel Food & Beverage, Inc. · PSE:FB
San Miguel Food & Beverage — San Miguel Pure Foods Company — Q1 2014 Earnings Presentation
22 slides from San Miguel Food & Beverage's earnings presentation, May 12, 2014
Slide 1: SEC Form 17-C Current Report
Page 1 of 2 C02421-2014 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) May 12, 2014 2. SEC Identification Number 11840 3. BIR Tax Identification No.
Slide 2: PSE Disclosure Form 4-30 - Material Information/Transactions
Page 2 of 2 San Miguel Pure Foods Company, Inc. PF 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 the SMC Group, including SMPFC o
Slide 3: Cover letter to Philippine Stock Exchange
er SanMlguel Pure Foods May 12, 2014 Philippine Stock Exchange, Inc. Disclosure Department Philippine Stock Exchange Plaza Ayala Triangle, Ayala Avenue Makati City , Attention: Ms. Janet A. Encarnacion Head - Disclosure Department Gentlemen: Attached are the materials for the Investors' Briefing of
Slide 4: San Miguel Corporation Investors' Briefing First Quarter 2014 Results
San Miguel Corporation Investors’ Briefing First Quarter 2014 Results
Slide 5: Milestones
Milestones TPLEX Phase 1 Completion SMC Global Power US$300 SMC US$ 600 million million Undated, Subordinated Exchangeable Bond •Tarlac – Capital Securities Carmen, Pangasinan •Redeemed May • Rate of 7.5% stretch opened (49.36 5, 2014 kms) • Listed in SGX • Paid - US$ 212.8 million
Slide 6: SMC Consolidated Financial Highlights
SMC Consolidated Financial Highlights In billion pesos 2014 2013 Change Net Sales 194.8 178.5 9% Income from Operations 15.5 15.4 1% Net Income before foreign 4.0 3.3 23% exchange gains/losses Foreign exchange gains (1.8) 1.0 (losses) Net Income attributable to the equity holders of the 2.2 4.2 -49%
Slide 7: San Miguel Brewery Inc.
San Miguel Brewery Inc. In million pesos 2014 2013 Change Net Sales 17,561 17,545 0% Income from Operations 4,678 4,838 -3% Volume (mil cases) 46.6 47.8 -3%
Slide 8: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. In million pesos 2014 2013 Change Net Sales 3,595 2,976 21% Income from Operations 44 (392) 111% Volume (mil cases) 5.1 4.7 10%
Slide 9: San Miguel Pure Foods Company Inc.
San Miguel Pure Foods Company Inc. In million pesos 2014 2013 Change Net Sales 24,229 22,967 5% Income from Operations 1,335 916 46%
Slide 10: San Miguel Pure Foods: Commodity Businesses
San Miguel Pure Foods Company Inc. COMMODITY BUSINESSES (Feeds, Poultry and Fresh Meats and Flour) For the First Quarter 2014 In million Pesos Revenue Operating Income 9% 56% 19,137 17,597 1,100 706 1Q 2013 1Q 2014 1Q2013 1Q2014
Slide 11: San Miguel Pure Foods: Branded Value-Added Businesses
San Miguel Pure Foods Company Inc. BRANDED VALUE-ADDED BUSINESSES (Processed Meats, Dairy and Coffee) For the First Quarter 2014 In million Pesos Revenue Operating Income 4% 28% 287 5,025 4,817 225 1Q 2013 1Q 2014 1Q 2013 1Q 2014
Slide 12: San Miguel Packaging Group
San Miguel Packaging Group In million pesos 2014 2013 Change Net Sales 5,573 5,496 1% Income from Operations 439 520 -16%
Slide 13: SMC Global Power Holdings Corp.
SMC Global Power Holdings Corp. In million pesos 2014 2013 Change Net Sales 19,959 17,510 14% Income from Operations 6,640 5,540 20% Offtake Volume (Gwh) 4,144 4,092 1%
Slide 14: Petron Corp.
Petron Corp. In million pesos 2014 2013 Change Net Sales 125,174 111,998 12% Income from Operations 3,424 3,713 -8% Volume (MB) 20.7 20.0 4% Product Cracks versus Dubai crude, in USD/bbl MOGAS 95 14.56 18.15 -20% Diesel 0.05%S 17.79 19.52 -9% Kerojet 17.00 20.17 -16%
Slide 15: Petron Corp. Prices were lower but more stable in 2014
Petron Corp. Prices were lower but more stable in 2014 $/bbl 150 130 110 90 70 Actual Crude Dubai 50 Diesel Gasoline IFO LPG CP 30 Jan-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14
Slide 16: Petron Corp. Service Station Expansion and Refinery Upgrade
Petron Corp. SERVICE STATION EXPANSION Philippines RMP2: REFINERY UPGRADE Close to 2,200 stations as of March 2014 ~150 additional stations under different 98% complete as of March 2014 stages of construction Target Commercial Operation: 4Q2014 Malaysia & UPGRADE Added 10 new stations Rebranded 311
Slide 17: Infrastructure: TPLEX Phase Completion
Infrastructure TPLEX Phase 1 Completion
Slide 18: Infrastructure: Skyway Stage Ongoing Construction
Infrastructure Skyway Stage 3 Ongoing Construction
Slide 19: Infrastructure: NAIA Expressway Ongoing Construction
Infrastructure NAIA Expressway Ongoing Construction
Slide 20: Infrastructure: Boracay Airport Runway Extension
Infrastructure Boracay Airport Runway Extension Ongoing Construction 2,100m
Slide 21: SMC Financial Position
CURRENT RATIO TOTAL ASSETS 1.43x billion P 1,191 DEBT-TO-EQUITY CASH BALANCE 2.24x SMC Financial Position billion INTEREST-BEARING- P 225.3 DEBT-TO- EQUITY 1.26x INTEREST-BEARING DEBT NET-DEBT- TO-EBITDA billion P 463.6 2.87x
Slide 22: 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
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