Slide 1: Cover letter to Philippine Stock Exchange
March 21, 2013 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 the 2012 Full-Year Results Gentlemen: We are
Slide 2: Investors' Briefing for the 2012 Full-Year Results
SAN MIGUEL CORPORATION Investors’ Briefing for the 2012 Full-Year Results
Slide 3: Updates
Updates SAN MIGUEL PUREFOODS SECONDARY OFFERING NLEX-SLEX • 25,000,000 common shares EXCHANGEABLE BOND TENDER OFFER CONNECTOR • Price: P240.00/share FOR CASH ROAD • PF now compliant to minimum float • January 31, 2013 requirement with 15% public float • Total repurchased: US$259.2 million • Clearing
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights In billion pesos 2012 2011 Change Net Sales 698.9 535.8 30% Income from Operations 52.8 56.0 -6% Net Income before minority 38.6 28.5 35% interest Net Income attributable to equity holders of the parent 27.6 17.5 57% company EBITDA 78.1 77.1 1% 3
Slide 5: San Miguel Brewery Inc.
San Miguel Brewery Inc. In million pesos 2012 2011 Change Net Sales 75,580 71,910 5% Income from Operations 22,371 20,471 9% Volume (mil cases) 224.8 223.8 0% Domestic 186.3 185.0 1% International 38.5 38.8 -1% 4
Slide 6: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. In million pesos 2012 2011 Change Net Sales 14,559 15,113 -4% Income from Operations (566) (891) 36% Volume (mil cases) 23.8 25.0 -5% 5
Slide 7: San Miguel Pure Foods Company, Inc.
San Miguel Pure Foods Company, Inc. In million pesos 2012 2011 Change Net Sales 95,787 89,591 7% Income from Operations 5,254 6,142 -14% Net Income attributable to equity holders of parent 4,225 4,103 3% company 6
Slide 8: San Miguel Pure Foods 2012 Quarterly Operating Income
San Miguel Pure Foods Company, Inc. 2012 Quarterly Operating Income In million Pesos 6000 5,254 5000 1,980 4000 3000 1,412 2000 1,203 1000 659 0 1Q 2Q 3Q 4Q Total Year 7
Slide 9: Grain Terminal Project
Grain Terminal Project FE . > they aes Aa Po Ae . BTS en Ros
Slide 10: San Miguel Yamamura Packaging Corporation
San Miguel Yamamura Packaging Corporation In million pesos 2012 2011 Change Net Sales 24,460 24,113 1% Income from Operations 2,297 2,158 6% 9
Slide 11: SMC Global Power
SMC Global Power In million pesos 2012 2011 Change Net Sales 74,656 71,445 4% Income from Operations 17,123 16,720 2% Net Generation (GWH) 15,250 14,411 6% 10
Slide 12: Petron Corporation
Petron Corporation In million pesos 2012 2011 Change Net Sales 424,795 273,956 55% Income from Operations 9,393 15,265 -38% Net Income before minority 2,277 8,485 -73% interest Volumes (‘000 barrels) 74,276 46,697 59% 11
Slide 13: Petron Corporation project status
Petron Corporation UPGRADE OF THE BATAAN LIMAY REFINERY RMP2 PROJECT STATUS: EPC Over-all Progress About 50% Target completion 2H 2014 SERVICE STATION EXPANSION IN ITS PHILIPPINE NETWORK SERVICE STATION PROJECT STATUS: NETWORK Number of Stations as of Dec 2012 2,015 EXANSION Completed stations since
Slide 14: Other Businesses
Other Businesses MRT7 • Awaiting release of performance undertaking • Financial close by December 2013 BORACAY AIRPORT • Ongoing hill shaving • Completion of runway preliminary design and tendering of EPC contract within the year SKYWAY 3 • Agreement on common alignment being finalized • Awaiting si
Slide 15: Financial Position
Financial Position TOTAL ASSETS CASH BALANCE INTEREST- BEARING DEBT P1,038.0B P125.6B P375.5B CURRENT RATIO DEBT-TO-EQUITY INTEREST- RATIO BEARING-DEBT-TO- EQUITY 1.39x 1.97x 1.07x NET-DEBT-TO-EBITDA 3.20x 14
Slide 16: Thank you
SAN MIGUEL CORPORATION 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 Contact us: SMC