Slide 1: SEC Form 17-C Current Report
C04510-2015 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) Aug 11, 2015 2. SEC Identification Number 31171 3. BIR Tax Identification No. 000-168-801
Slide 2: PSE Disclosure Form 4-30 - Material Information/Transactions
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, August 11, 2015
August 11, 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 the First Semester 2015 Results Gentlemen: W
Slide 4: Investors' Briefing First Semester 2015 Results
INVESTORS’ BRIEFING FIRST SEMESTER 2015 RESULTS 11 August 2015
Slide 5: Telco Acquisitions
TELCO ACQUISITIONS VEGA TELECOM ACQUIRED: • ENTIRE INTEREST AND PARTCIPATION OF QTEL WESTBAY HOLDING S.P.C., WI- TRIBE ASIA LIMITED AND WHITE DAWN IN LIBERTY TELECOM HOLDINGS, INC. • 100% EQUITY INTEREST IN MULTITECH HOLDINGS INC. WHICH HOLDS 100% OF HIGH FREQUENCY • 100% EQUITY INTEREST IN TRANS DI
Slide 6: Series 2 Preferred Shares Offering
SERIES “2” PREFERRED SHARES OFFERING • P 33.5 BILLION • UP TO 446,667,000 SHARES • P75.00/SHARE • TO PARTIALLY FUND REDEMPTION OF SERIES 2A PREFERRED SHARES
Slide 7: San Miguel Corporation First Semester 2015
SAN MIGUEL CORPORATION FIRST SEMESTER 2015 IN BILLION PESOS 2015 2014 CHANGE Net Sales 338.8 404.9 -16% Income from Operations 40.7 33.2 23% Reported Net Income 16.9 18.4 -8% Net Income excluding forex 18.0 15.7 15% EBITDA 51.8 45.3 14%
Slide 8: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. FIRST SEMESTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 39,802 37,732 5% Income from Operations 10,875 10,256 6% Net Income 6,903 6,261 10% Volume (in million cases) 100.5 101.9 -1%
Slide 9: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. FIRST SEMESTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 7,453 6,895 8% Income from Operations 246 70 252% Volume (in million cases) 10.2 9.8 4%
Slide 10: San Miguel Pure Foods Company Inc.
SAN MIGUEL PURE FOODS COMPANY INC. FIRST SEMESTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 50,508 49,176 3% Income from Operations 2,740 2,697 2% Net Income 1,828 1,744 5%
Slide 11: San Miguel Pure Foods Company Inc. First Semester 2015
SAN MIGUEL PURE FOODS COMPANY INC. FIRST SEMESTER 2015 Agro-Industrial & Milling REVENUE INCOME FROM +2% 39,578 O P E R AT I O N S 38,677 -15% 2,216 1,886 2014 2015 2014 2015 B r a n d e d Va l u e Ad d e d INCOME FROM REVENUE OPERATIONS +11% +20% 11,285 10,162 570 684 2014 2015 2014 2015
Slide 12: San Miguel Yamamura Packaging Group
SAN MIGUEL YAMAMURA PACKAGING GROUP FIRST SEMESTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 12,013 11,514 4% Income from Operations 1,104 1,031 7%
Slide 13: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. FIRST SEMESTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 40,455 43,760 -8% Income from Operations 13,650 14,932 -9% Offtake Volume (in ‘000 GWh) 8.2 8.8 -7%
Slide 14: 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 15: Petron Corporation
PETRON CORPORATION FIRST SEMESTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 186,051 258,230 -28% Income from Operations 8,876 6,016 48% Net Income 3,408 3,014 13% Volume (MBD) 47.4 43.3 9%
Slide 16: Petron Projects
PETRON PROJECTS RMP 2 Ongoing stabilization and optimization at ~80% utilization SERVICE STATION EXPANSION AND UPGRADE: PH: Approximately 2,200 stations MA: 562 stations (incl. 12 newly built stations) EURO 4 PRODUCTS: First in the industry to produce and sell gasoline variants that meet Euro-4 fuel
Slide 17: San Miguel Holdings Corp. - Infrastructure
SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE FIRST SEMESTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales* 7,319 6,219 18% Income from Operations* 4,527 3,839 18% Traffic Volume (no. of vehicles) SLEX 269,793 246,528 9% SKYWAY STAGES 1 AND 2 241,782 227,245 6% STAR TOLLWAYS 39,725 32,277 23% TPLEX
Slide 18: San Miguel Holdings Corp. - Infrastructure
SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE Skyway Stage 3 NAIA Expressw ay Boracay Airport
Slide 19: SMC Financial Position
SMC FINANCIAL POSITION IN BILLION PESOS Jun 2015 Dec 2014 Total Assets 1,246 1,217 Cash 206 259 Interest-bearing Debt 508 483 Current Ratio 1.41x 1.52x Debt-to-Equity Ratio 2.12x 2.12x Interest-bearing Debt to Equity Ratio 1.27x 1.24x Net-Debt-to-EBITDA 2.65x 2.36x
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