San Miguel Corporation · PSE:SMC
San Miguel — Q1 2013 Earnings Presentation
14 slides from San Miguel's earnings presentation, May 10, 2013
Slide 1: San Miguel Corporation
SAN MIGUEL CORPORATION May 10, 2013 The Philippine Stock Exchange, Inc. Disclosure Department 3” Floor, Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head-Disclosure Department Gentlemen: Attached are the materials for the Investors’ Briefi
Slide 2: 2013 First Quarter Results Investors' Briefing
2013 First Quarter Results Investors’ Briefing May 10, 2013
Slide 3: Updates
Updates Medium Term Note Program - US$ Bond Offering • Issued US$ 800 Million Bond • Interest Rate - 4.875% • Tenor – 10 years De-listing of San Miguel Brewery Inc. (SMB) and San Miguel Properties Inc. (SMPI) • 51,425,799 of SMB shares or 0.3337% of total outstanding shares were tendered and accepte
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights First Quarter, 2013 In billion pesos 2013 2012 Change Net Sales 178.3 142.0 25% Income from Operations 15.4 14.5 7% Net Income before 7.59 11.4 -34% minority interest Net Income attributable to equity holders of the 4.24 8.24 -49% parent company EBITDA 21.8 21.3 2%
Slide 5: San Miguel Brewery Inc.
San Miguel Brewery Inc. First Quarter, 2013 In million pesos 2013 2012 Change Net Sales 17,545 18,345 -4% Income from Operations 4,838 5,289 -9% Volume (mil cases) 47.8 54.5 -12% Domestic 39.3 45.8 -14% International 8.48 8.71 -3% 4 Strictly private and confidential
Slide 6: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. First Quarter, 2013 In million pesos 2013 2012 Change Net Sales 3,104 3,659 -15% Income from Operations (416) (119) -250% Volume (mil cases) 4.67 5.96 -22% 5 Strictly private and confidential
Slide 7: San Miguel Pure Foods Company, Inc.
San Miguel Pure Foods Company, Inc. First Quarter, 2013 In million pesos 2013 2012 Change Net Sales 22,967 22,399 3% Income from Operations 916 641 43% Net Income attributable to equity holders of 699 558 25% parent company 6 Strictly private and confidential
Slide 8: San Miguel Yamamura Packaging Corporation
San Miguel Yamamura Packaging Corporation First Quarter, 2013 In million pesos 2013 2012 Change Net Sales 5,496 5,850 -6% Income from Operations 520 507 2% 7 Strictly private and confidential
Slide 9: SMC Global Power
SMC Global Power First Quarter, 2013 In million pesos 2013 2012 Change Net Sales 17,510 19,363 -10% Income from Operations 5,540 4,958 12% Offtake Volume (GWH) 4,091 4,050 1% 8 Strictly private and confidential
Slide 10: Petron Corporation
Petron Corporation First Quarter, 2013 In million pesos 2013 2012 Change Net Sales 111,998 74,655 50% Income from Operations 3,679 4,439 -17% Net Income before 2,198 2,364 -7% minority interest Volumes (‘000 barrels) 19,974 12,038 66% 9 Strictly private and confidential
Slide 11: Petron Corporation
Petron Corporation UPGRADE OF LIMAY, BATAAN REFINERY PROJECT STATUS: RMP2 EPC Over-all Progress About 70% Target completion 2H 2014 SERVICE STATION EXPANSION IN ITS PHILIPPINE NETWORK PROJECT STATUS: SERVICE STATION Number of Stations as of April 2013 2,070* NETWORK EXPANSION * Net of closures TWO-P
Slide 12: Infrastructure
Infrastructure NAIA Expressway • Won bid through Optimal Infrastructure Development, Inc. • Project Cost - P15 Billion • Concession Period – 30 years Boracay Airport • Hill leveling already started TPLEX • Stretch from Tarlac to Gerona fully paved and asphalted • Completing setup and construction of
Slide 13: Financial Position
Financial Position TOTAL ASSETS • P 1,102.8 billion CASH BALANCE • P 152.3 billion INTEREST-BEARING DEBT • P 391.6 billion CURRENT RATIO • 1.38x DEBT-TO-EQUITY RATIO • 1.88x INTEREST-BEARING-DEBT-TO- EQUITY • 1.02x RATIO NET DEBT TO 12-MONTH ROLLING • 3.05x EBITDA 12 Strictly private and confidentia
Slide 14: Thank you.
San Miguel Corporation 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 Cont