San Miguel Corporation · PSE:SMC
San Miguel — Q1 2011 Earnings Presentation
13 slides from San Miguel's earnings presentation, May 13, 2011
Slide 1: Cover letter to Philippine Stock Exchange
May 13, 2011 PHILIPPINE STOCK EXCHANGE, INC. (PSE) Disclosure Department 3rd Floor, Philippine Stock Exchange Center Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head, Disclosure Department Subject: SMC Investors’ Briefing Gentlemen: We are forwarding the materials th
Slide 2: SMC Investors' Briefing: 2011 First Quarter Results
SMC INVESTORS’ BRIEFING a Ba SAN MIGUEL BREWERY INC. 2011 FIRST QUARTER RESULTS 13 May 2011 Ee] San Miuei Dl ‘(oe Pure Foods —_
Slide 3: San Miguel shares offering
San Miguel shares offering - SMC Common shares at P110.00/share - Convertible U.S. Dollar denominated Bond with 2% interest and 25% premium - Equity Offering - US$ 370 million - Exchangeable Bond Offering - USS 600 million Use of Proceeds - To fund infrastructure projects
Slide 4: Consolidated Net Income
Consolidated Net Income In Billion Pesos 2011 2010 Change Net Sales P 126.6 P 44.7 183% Inc. from Operations P 17.3 P 5.79 199% Net Income P 7.14 P 2.90 146% EBITDA P 20.4 P 8.93 129% EPS P 2.44 P 0.63
Slide 5: San Miguel Brewery Inc.
San Miguel Brewery Inc. In Million Pesos 2011 2010 Change Volume (‘000 cases) 56,481 51,783 9% Denese 48,480 43,809 11% 0, International 8,001 7,974 0% Net Sales P 17,530 P 16,024 9% Inc. from Operations P 5,063 P 4,630 9%
Slide 6: Ginebra San Miguel
Ginebra San Miguel In Million Pesos 2011 2010 Change Net Sales P 4,552 P 5,575 -18% Inc. from Operations P 85 P 474 82%
Slide 7: San Miguel Food Group
San Miguel Food Group In Million Pesos 2011 2010 Change Net Sales P 20,590 P 18,726 10% Inc. from Operations P 1,558 P 1,360 15%
Slide 8: San Miguel Yamamura Packaging
San Miguel Yamamura Packaging In Million Pesos 2011 2010 Change Net Sales P 5,678 P 5.579 2% Inc. from Operations P 461 P 504 -8%
Slide 9: Power business
Power business In Million Pesos 2011 2010 Change Pro-forma Net Sales P 16,329 | P 11,411 43% Inc. from Operations P 3,399 | P 2,144 59% Net Generation (‘000 MWH) 3,512 1,671 110%
Slide 10: Petron results
In Million Pesos 2011 2010 Change Net Sales P 64,050 | P 55,883 15% Inc. from Operations P 6996 |P 3,145 122% Net Income P 3,425 P 1,922 78%
Slide 11: Infrastructure project updates
Caticlan Airport: > Renovation on existing facilities nearly done > Blessing scheduled on June 25, 2011 > Added navigational safety features that allows early evening flights Tarlac — Pangasinan — La Union Expressway: > Construction of first phase (from Tarlac to Gerona) still on-going and expected
Slide 12: Financial Position
Financial Position TOTAL ASSETS - P 854.7 billion CASH BALANCE - P 126.4 billion INTEREST BEARING DEBT~ - P 248.1 billion CURRENT RATIO - 1.61 DEBT TO EQUITY RATIO - 1.97 INTEREST BEARING DEBT/ EQUITY RATIO - 0.86
Slide 13: Thank You
OMC INVESTORS’ BRIEFING THANK YOU Visit our websites: San Miguel Corporation San Miguel Brewery Inc. Ginebra San Miguel Inc. San Miguel Pure Foods Inc. Petron Corporation www.sanmiguel.com.ph www.sanmiguelbrewery.com.ph www.ginebrasanmiguel.com www.sanmiguelpurefoods.com www.petron.com