Slide 1: SEC Form 17-C Current Report
Page 1 of 2 C01492-2015 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) Mar 26, 2015 2. SEC Identification Number 11840 3. BIR Tax Identification No.
Slide 2: PSE Disclosure Form 4-30 - Material Information
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,
Slide 3: Investors' Briefing Full-Year 2014 Results
Investors’ Briefing F U L L - Y E A R 2 0 1 4 R E S U LT S 26 March 2015
Slide 4: San Miguel Corporation
San Miguel Corporation FULL-YEAR 2014 IN BILLION PESOS 2014 2013 CHANGE Net Sales 782.4 748.2 5% Income from Operations 55.8 55.4 1% Net Income 28.1 50.7* -45% Recurring Net Income 27.9 8.1 244% EBITDA 88.1 77.3 14% *Includes mainly gain on sale of Meralco shares of about P40 billion
Slide 5: San Miguel Brewery Inc.
San Miguel Brewery Inc. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 79,005 75,053 5% Income from 22,079 21,554 2% Operations Net Income 13,515 12,521 8% Volume (mil cases) 207.3 204.1 2%
Slide 6: Entry into NAB Business
Entry into NAB Business
Slide 7: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 15,511 14,399 8% Income from 358 (793) 145% Operations Volume (mil cases) 22.1 21.1 4%
Slide 8: San Miguel Pure Foods Co. Inc.
San Miguel Pure Foods Co. Inc. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 102,999 99,773 3% Income from 6,463 5,510 17% Operations Net Income 3,843 4,084* -6% *Includes equity in net earnings and gain on sale of Meralco shares
Slide 9: San Miguel Pure Foods: Agro and Milling Businesses
San Miguel Pure Foods Co. Inc. FULL-YEAR 2014 Agro and Milling Businesses REVENUES 6% O P E R AT I N G INCOME 24% 74,964 79,565 4,918 3,977 2013 2014 2013 2014
Slide 10: San Miguel Pure Foods: Branded Value-Added Businesses
San Miguel Pure Foods Co. Inc. FULL-YEAR 2014 B r a n d e d Va l u e - A d d e d B u s i n e s s e s REVENUES 2% O P E R AT I N G INCOME 2% 23,786 23,221 1,730 1,695 2013 2014 2013 2014
Slide 11: La Pacita
La Pacita
Slide 12: Series 2 Preferred Shares
Series 2 Preferred Shares SIZE P15B DIVIDEND RATE 5.6569% PSE LISTING March 12, 2015 PROCEEDS To redeem Series 1 Preferred Shares
Slide 13: San Miguel Yamamura Packaging Group
San Miguel Yamamura Packaging Group FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 24,226 25,187 -4% Income from 2,305 2,082 11% Operations
Slide 14: SMC Global Power Holdings Corp.
SMC Global Power Holdings Corp. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 84,294 74,044 14% Income from 25,899 20,541 26% Operations Off-take Volume 17.0 16.2 5% (‘000 GWH)
Slide 15: Greenfield Power Projects
M A L I TA 2 X 1 5 0 M W L I M AY 2 X 1 5 0 M W POWER PLANT POWER PLANT Greenfield Power Projects
Slide 16: Petron Corp.
Petron Corp. FULL-YEAR 2014 IN MILLION PESOS 2014 2013 CHANGE Net Sales 482,535 463,638 4% Income from 7,605 11,684 -35% Operations Net Income 3,009 5,092 -41% Volume (mil barrels) 86.5 81.5 6%
Slide 17: Petron Projects
Petron Projects RMP 2: Ongoing production ramp-up SERVICE STATION EXPANSION AND UPGRADE: PH: approximately 2,200 stations MA: Rebranding completed; 20 service stations under construction
Slide 18: Infrastructure
Infrastructure SLEX AND SKYWAY Effective ownership of 76% in SLEX and 83.45% in Skyway Combined traffic growth of 6% in 2014 TPLEX Carmen to Urdaneta last December open to public STAR TOLLWAY Traffic growth of 13% in 2014 NAIA EXPRESSWAY 14 of 17 ramps in construction SKYWAY STAGE 3 20 pier heads BO
Slide 19: Financial Position
Financial Position IN BILLION PESOS 2014 2013 Total Assets 1,217 1,170 Cash 259 192 Interest-Bearing 483 451 Debt Current Ratio 1.52x 1.46x Debt-to-Equity Ratio 2.12x 2.20x Interest-bearing- 1.24x 1.23x Debt-to-Equity Ratio Net-Debt-to-EBITDA 2.36x 3.14x
Slide 20: 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