Slide 1: SEC Form 17-C Current Report
C06063-2015 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) Nov 10, 2015 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: PSE Disclosure Form 4-30 - Material Information
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely f
Slide 3: Letter to Philippine Stock Exchange
November 10, 2015 PHILIPPINE STOCK EXCHANGE, INC. 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 for 2015 September-YTD Results Gentlemen: We a
Slide 4: Investors' Briefing 2015 September-YTD Results
INVESTORS’ BRIEFING 2015 SEPTEMBER-YTD RESULTS 10 November 2015
Slide 5: Series 2 Preferred Shares; Ilijan Power Plant Case
SERIES “2” PREFERRED SHARES ILIJAN POWER PLANT CASE
Slide 6: San Miguel Corporation September-YTD 2015
SAN MIGUEL CORPORATION SEPTEMBER-YTD 2015 IN BILLION PESOS 2015 2014 CHANGE Net Sales 504.5 593.5 -15% Income from Operations 58.1 47.2 23% Net Income excluding forex 26.8 25.0 7% EBITDA 77.5 67.2 15%
Slide 7: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. SEPTEMBER-YTD 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 58,790 56,283 4% Income from Operations 15,746 15,270 3% Net Income 9,965 9,426 6%
Slide 8: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. SEPTEMBER-YTD 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 11,487 10,628 8% Income from Operations 396 124 218% Net Income 9 (281) 103%
Slide 9: San Miguel Pure Foods Company Inc.
SAN MIGUEL PURE FOODS COMPANY INC. SEPTEMBER – YTD 2015 IN MILLION 3Q 3Q 9M 9M CHANGE CHANGE PESOS 2015 2014 2015 2014 Net Sales 26,093 25,239 3% 76,601 74,415 3% Income from 1,759 1,630 8% 4,499 4,327 4% Operations Net Income 1,091 979 11% 2,920 2,722 7%
Slide 10: Pure Foods: Agro-Industrial & Milling
SAN MIGUEL PURE FOODS COMPANY INC. SEPTEMBER – YTD 2015 Agro-Industrial & Milling REVENUE INCOME FROM O P E R AT I O N S +3% -10% 58,414 60,307 3,461 3,131 2014 2015 2014 2015 P/kdw Chicken Selling Prices P/bag Flour Selling Prices 115 2014 710 2014 2015 105 680 2015 95 650 1Q 2Q 3Q 1Q 2Q 3Q Source:
Slide 11: Pure Foods: Branded Value Added
SAN MIGUEL PURE FOODS COMPANY INC. SEPTEMBER – YTD 2015 B r a n d e d Va l u e Ad d e d REVENUE INCOME FROM O P E R AT I O N S +8% +24% 17,402 900 1,116 16,153 2014 2015 2014 2015 Revenue Growth Dairy, Spreads Processed Meats 7% & Biscuits 13%
Slide 12: Pure Foods: Sales Revenue Mix
SAN MIGUEL PURE FOODS COMPANY INC. SEPTEMBER – YTD 2015 Sales Revenue Mix Sept YTD ‘14 to ‘15 Sept YTD 2015 Basic Basic Food 1% Food, 45% Stable Stable Value Added, Priced 6% Priced, 31% 24% Value Added 7%
Slide 13: San Miguel Pure Foods Balance Sheet
SAN MIGUEL PURE FOODS COMPANY INC. As of As of IN MILLION PESOS Sept 2015 Dec 2014 Total Assets 61,860 66,655 Cash 9,742 14,216 Interest-bearing Debt 7,905 13,245 Current Ratio 1.83x 1.62x Debt-to-Equity Ratio 0.64x 0.85x Interest-bearing Debt to Equity Ratio 0.21x 0.37x
Slide 14: San Miguel Yamamura Packaging Group
SAN MIGUEL YAMAMURA PACKAGING GROUP SEPTEMBER-YTD 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 18,186 17,264 5% Income from Operations 1,709 1,576 8%
Slide 15: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. SEPTEMBER-YTD 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 58,997 65,516 -10% Income from Operations 19,343 21,877 -12% REVENUE MIX OPERATING INCOME MIX Ilijan Ilijan Sual 39% 23% 55% Sual 42% Limay San Limay San Cogen Roque Cogen Roque 9% 10% 9% 13%
Slide 16: Greenfield Power Projects
GREENFIELD POWER PROJECTS M A L I TA 2 X 1 5 0 M W POWER PLANT L I M AY 2 X 1 5 0 M W POWER PLANT
Slide 17: Petron: Regional Market Developments - Prices
PETRON CORP. Regional Market Developments – Prices CRUDE PRICES PRICE DIFFERENTIALS VS. DUBAI 15 Dubai TAPIS 10 Differentials vs. Dubai, USD /bbl 140 Jun’14 CRUDE 0 Brent 10 Dubai -10 Crude Prices, USD/bbl 120 $104 -20 5 -30 LPG 100 Jun 0 -40 Jan-14 MarMayJul SepNov Jan-15 MarMayJul Sep 80 Dubai Sep
Slide 18: Petron: Domestic Market Developments
PETRON CORP. Domestic Market Developments INDUSTRY DEMAND - PH 595 520 In ‘000 barrels/day • Sustained industry growth 445 370 321.9 341.1 342.9 365.2 • Strong growth of motor fuels 295 • Weaker Asian currencies 220 145 versus USD 70 FY 2013 FY 2014 1H2014 1H2015 DEMAND FOR MOTOR FUELS - PH FOREIGN
Slide 19: Petron: Operating Performance
PETRON CORP. Operating Performance SALES VOLUME PERFORMANCE (‘000 BARRELS/DAY) 250 PH MY • Robust volume performance 225 200 • Ramp-up in RMP-2 production 175 170.6 150 140.4 • On-going Service Station 125 100 96.5 99.2 Expansion 75 50 25 100 Under - Construction Sep-14 Sep-15 Sep-14 Sep-15 80 BATAA
Slide 20: Petron Corp. September-YTD 2015
PETRON CORP. SEPTEMBER – YTD 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 278,295 379,540 -27% Gross Margins 23,256 15,665 48% Rate 8.4% 4.0% 110% Income from Operations 13,662 7,148 91% Net Income 5,068 3,202 58% Volume (in million barrels) 73.6 64.7 14%
Slide 21: San Miguel Holdings - Infrastructure
SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE SEPTEMBER-YTD 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales* 10,954 9,355 17% Income from Operations* 6,411 5,462 17% Traffic Volume (no. of vehicles) SLEX 269,726 242,945 11% SKYWAY STAGES 1 AND 2 238,608 225,259 6% STAR TOLLWAYS 39,228 32,164 22% TPLEX
Slide 22: Infrastructure: NAIA Expressway, Skyway Stage 3, Boracay Airport
SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE NAIA Expressw ay Skyway Stage 3 Boracay Airport
Slide 23: Infrastructure: Operating Tollroad Length
SAN MIGUEL HOLDINGS CORP.- INFRASTRUCTURE Operating SMC Tollroad Length 88.85 km TPLEX ~170 km 93.71 km SLEX 44.41 km SKYWAY 41.90 km STAR TOLLWAY 5.40 km NAIAx 21
Slide 24: SMC Financial Position
SMC FINANCIAL POSITION IN BILLION PESOS Sep 2015 Dec 2014 Total Assets 1,237 1,217 Cash 195 259 Interest-bearing Debt 516 483 Current Ratio 1.38x 1.52x Total Liabilities to Equity Ratio 2.24x 2.12x Interest-bearing Debt to Equity Ratio 1.35x 1.24x Net-Debt-to-EBITDA 2.81x 2.36x
Slide 25: 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 Co. Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Contact us: SMC Investor Relation