San Miguel Corporation · PSE:SMC
San Miguel — Q1 2007 Earnings Presentation
10 slides from San Miguel's earnings presentation, May 2007
Slide 1: Investors' Briefing First Quarter 2007 Results
SAN MIGUEL CORPORATION and GINEBRA SAN MIGUEL, INC. Investors’ Briefing First Quarter, 2007 Results May 2007
Slide 2: San Miguel Corporation – Consolidated
San Miguel Corporation – Consolidated In Billion Pesos 2007 2006 Change Net Sales P 55.4 P 51.9 7% Inc. from Operations P 3.83 P 5.03 - 24 % Net Income P 4.33 P 2.17 100% EBITDA P 8.89 P 7.57 EPS P 1.38 P 0.69
Slide 3: Beer Philippines
Beer Philippines Lower raw materials and fuel prices drove up income. (in billion pesos) 2007 2006 Change Sales Revenue P 10.5 P 10.6 -1 % Operating Income P 2.70 P 2.40 13 %
Slide 4: Beer International
Beer International Highly focused and purposive selling programs results to higher volumes (in million US $) 2007 2006 Change Sales Revenue $ 68.3 $ 67.7 1% Operating Income $(1.47) $(3.49) 58%
Slide 5: Ginebra San Miguel
Ginebra San Miguel Higher costs of molasses and excise tax increase affected income (in billion pesos) 2007 2006 Change Sales Revenue P 2.98 P 2.94 1% Operating Income P 0.13 P 0.45 - 70% Net Income P 0.07 P 0.23 - 71%
Slide 6: Packaging Group
Packaging Group Unfavorable downtrend sales affects income (in billion pesos) 2007 2006 Change Sales Revenue P 4.60 P 5.45 - 16 % Operating Income P 0.03 P 0.67 - 96 %
Slide 7: Food Group
Food Group Volume growth for most categories, improved efficiencies, lower raw material prices pushed up sales (in billion pesos) 2007 2006 Change Sales Revenue P14.7 P 14.8 0% Operating Income P 0.54 P 0.50 7%
Slide 8: Food Group clusters
Food Group Volume growth for most categories, improved efficiencies, lower raw material prices pushed up sales Agro-Industrial Cluster Processed Meats • Revenue up 7% to P9.62B • Revenue down by 1% P2.06B • Op. Inc. of P384M • Op. Inc. of P76M Milling Cluster Dairy, Oils and Fats • Revenue down 11%
Slide 9: National Foods-Berri
National Foods-Berri Volume improvements in all categories (in million AU $ ) 2007 2006 Change Sales Revenue $ 496.4 $ 441.4 12 % Operating Income $ 24.2 $ 37.5 -35 %
Slide 10: San Miguel Corporation
SAN MIGUEL CORPORATION www.sanmiguel.com.ph May 2007