Slide 1: PSE disclosure cover letter for SMC Analysts' Briefing
May 5, 2022 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 6" Floor, PSE Tower 5" Avenue corner 28" Street Bonifacio Global City, Taguig City Attention: Ms. Alexandra D. Tom Wong Officer-in-Charge, Disclosure Department PHILIPPINE DEALING & EXCHANGE CORP. 29" Floor, BDO Equitable Tower 8751 P
Slide 2: Analysts' Briefing 2022 First Quarter Results
SAN MIGUEL SAN MIGUEL PETRON CORPORATION Analysts' Briefing 2022 FIRST QUARTER RESULTS May 5, 2022
Slide 3: San Miguel Corporation First Quarter 2022
San Miguel Corporation First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 316,765 201,160 57% INCOME FROM 40,131 32,211 25% OPERATIONS NET INCOME 13,943 17,174 (19%) RECURRING NET 13,943 13,567* 3% INCOME EBITDA 44,843 41,021 9% 2 *EXCLUDING CREATE LAW ADJUSTMENT
Slide 4: San Miguel Food and Beverage, Inc.
San Miguel Food and Beverage, Inc. First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 83,054 76,362 9% INCOME FROM 12,700 12,569 1% OPERATIONS NET INCOME 9,151 9,679 (5%) 3
Slide 5: San Miguel Brewery Inc.
San Miguel Brewery Inc. (a Division of San Miguel Food and Beverage, Inc.) First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 29,659 28,846 3% INCOME FROM 6,751 6,751 0% OPERATIONS NET INCOME 4,935 5,458 (10%) 4
Slide 6: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. (a Division of San Miguel Food and Beverage, Inc.) First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 12,620 11,338 11% INCOME FROM 1,796 1,290 39% OPERATIONS NET INCOME 1,399 1,042 34% 5
Slide 7: San Miguel Foods
San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 40,777 36,180 13% INCOME FROM 4,177 4,533 (8%) OPERATIONS NET INCOME 3,036 3,387 (10%) 6
Slide 8: San Miguel Foods First Quarter 2022
San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) First Quarter 2022 PROTEIN2 FLOUR MILLING ANIMAL NUTRITION AND HEALTH1 PREPARED AND PACKAGED FOOD Dairy, Spreads and Coffee Refrigerated and Canned Meats 1 Feeds and veterinary medicine 2 Poultry and fresh meats 7
Slide 9: San Miguel Packaging Group
San Miguel Packaging Group First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 8,048 7,354 9% INCOME FROM 613 393 56% OPERATIONS 8
Slide 10: SMC Global Power Holdings Corp.
SMC Global Power Holdings Corp. First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 43,036 27,366 57% INCOME FROM 6,071 8,423 (28%) OPERATIONS NET INCOME 1,928 7,777 (75%) 9
Slide 11: Petron Corp.
Petron Corp. First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 172,331 83,307 107% INCOME FROM 8,431 3,661 130% OPERATIONS NET INCOME 3,598 1,730 108% 10
Slide 12: SMC Infrastructure
SMC Infrastructure First Quarter 2022 (IN MILLION PESOS) 1Q2022 1Q2021 CHANGE% NET SALES 6,235 4,330 44% INCOME FROM 2,461 1,182 108% OPERATIONS 11
Slide 13: Recent Developments
San Miguel Corporation First Quarter 2022 RECENT DEVELOPMENTS • On March 31, 2022, SMC’s affiliate, Bank of Commerce (BnCom) successfully listed its Initial Public Offering in the PSE. • SMC’s Php6,683,010,000.00 Series A and Php10,000,000,000.00 Series D Fixed Rate Peso Denominated Bonds matured an
Slide 14: SMC Financial Position
SMC Financial Position First Quarter 2022 (In Bil Php) As of March 2022 As of December 2021 Total Assets 2,094 2,052 Cash 301 300 Interest-bearing debt 1,033 1,005 3.47x 3.39x 2.01x 2.04x 1.47x 1.36x 1.50x 1.28x 0.90x 0.93x Current Ratio Total Liabilities to Equity Ratio Interest-bearing Debt to Equ
Slide 15: Thank you!
Thank you! SMCInvestorRelations@sanmiguel.com.ph w w w. s a n m i g u e l . c o m . p h w w w. s a n m i g u e l b r e w e r y. c o m . p h w w w. g i n e b r a s a n m i g u e l . c o m . p h w w w. s m f b . c o m . p h w w w. p e t r o n . c o m w w w. s m c g l o b a l p o w e r. c o m . p h