San Miguel Food & Beverage, Inc. · PSE:FB

San Miguel Food & Beverage — H1 2025 Earnings Presentation

21 slides from San Miguel Food & Beverage's earnings presentation, Aug 12, 2025

  1. Slide 1: SEC Form 17-C Current Report

    C05941-2025 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 12, 2025 2. SEC Identification Number 11840 3. BIR Tax Identification No. 000-100-341

  2. 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

  3. Slide 3: 2025 1st Semester Results Analysts' Briefing

    2025 1 st SEMESTER RESULTS ANALYSTS’ BRIEFING AUGUST 12, 2025

  4. Slide 4: Executive summary

    | Executive summary » The Philippine economy showed resilience with a 5.5% GDP growth in Q2, supported by strong agriculture and household consumption amid low inflation and eased monetary policy. Against this backdrop, the SMC Group sustained profitability and expanded margins through cost efficien

  5. Slide 5: SMC maintains strong profitability with operating income rising 3%

    SMC maintains its strong profitability with operating income rising 3% to P87.7 billion. (In Million Php) 1H2025 1H2024 %Change EBITDA (in Million PHP) Net Sales 718,205 789,021 (9%) 126,341 113,689 11% 5% 2% 2% Income from 2% 5% 13% 4% 18% 87,658 85,089 3% 13% Margin Operations 14% 18% 21% Margin 2

  6. Slide 6: SMFB's strong first-half results driven by higher sales and margins

    SMFB’s strong first-half results driven by higher sales, improved margins, and cost efficiencies. EBITDA (In Million Php) 1H2025 1H2024 %Change (in Million Php) Net Sales 201,200 192,882 4% 16% 39,256 33,928 20% Income 18% 14% Margin 14% 30% Margin 34% from 30,041 26,641 13% Operations 56% 52% Net I

  7. Slide 7: SMB posts stable net sales with higher operating income

    SMB posts stable net sales with higher operating income in 1H2025. EBITDA (in Million Php) (In Million Php) 1H2025 1H2024 %Change 6% 27% Margin Net Sales 74,588 75,073 (1%) 26% Income Margin 20,341 from 16,214 15,887 2% 19,152 Operations Net Income 12,984 12,563 3% 1H2024 1H2025 EBITDA rose 6% to P2

  8. Slide 8: GSMI delivers robust top line and earnings gains

    GSMI delivers robust top line and earnings gains. EBITDA (in Million Php) (In Million Php) 1H2025 1H2024 %Change 17% 17% Margin Net Sales 32,235 29,992 7% Income from 4,952 4,411 12% 16% 4,821 Margin 5,622 Operations Net Income 4,247 3,676 16% 1H2024 1H2025 EBITDA grew 17% to P5.6 billion on the bac

  9. Slide 9: SMF recorded double-digit growth across key metrics

    SMF recorded double-digit growth across key metrics in 1H2025. EBITDA (In Million Php) 1H2025 1H2024 %Change (In Million Php) 34% 13,085 Net Sales 94,379 87,819 7% 1% 14% 9,742 13% Margin 17% Income 1% 14% 11% Margin from 8,648 6,127 41% 21% 28% Operations 35% 41% 29% Net Income 5,994 3,920 53% 1H20

  10. Slide 10: Petron Corporation's operating income reached P15.1bn

    Petron Corporation’s operating income reached P15.1bn in 1H2025. Fuel Volumes (In Million Barrels) (In Million Php) 1H2025 1H2024 %Change 3% 386,395 444,490 (13%) 54.7 56.2 Net Sales 45% 42% Income from 15,146 17,449 (13%) Operations 55% 58% Net Income 5,252 6,098 (14%) 1H2024 1H2025 EBITDA 23,057 2

  11. Slide 11: Packaging Group's operating income grew 17%

    The Packaging Group’s operating income grew 17% to P1.6 billion. EBITDA (In Million Php) 6% (In Million Php) 1H2025 1H2024 %Change 14% 14% Margin Margin Revenue 19,284 17,974 7% 2,769 2,605 Income from 1,592 1,362 17% Operations 1H2024 1H2025 Cost savings programs and volume improvements led to the

  12. Slide 12: SMGP's EBITDA rose by 14% on improved margins

    SMGP’s EBITDA rose by 14% to P34.4 billion on improved margins. EBITDA (in Million Php) (In Million Php) 1H2025 1H2024 %Change 14% 43% Net Sales 80,147 98,944 (19%) 34,410 Margin 30% 30,147 Margin Income from 22,120 22,988 (4%) Operations Net Income 34,573 7,438 365% 1H2024 1H2025 EBITDA and operati

  13. Slide 13: SMC Infrastructure posted a 7% revenue increase

    SMC Infrastructure posted a 7% revenue increase buoyed by average daily traffic growth. Average Daily Traffic EBITDA (Vehicle Count) (in Million Php) 4% (In Million Php) 1H2025 1H2024 %Change 1,034,081 1,077,148 8% 79% 80% Margin Margin Revenue 19,857 18,493 7% Income 14,678 15,841 from 11,142 9,856

  14. Slide 14: Cement Business' revenues fell due to pricing pressures

    The Cement Business’ revenues fell to P17.8bn due to pricing pressures. EBITDA (in Million Php) (In Million Php) 1H2025 1H2024 %Change 3% 28% 29% Margin Margin Net Sales 17,822 18,962 (6%) 5,375 5,235 Income from 3,493 3,952 (12%) Operations 1H2024 1H2025 Despite the decline in EBITDA, margin improv

  15. Slide 15: SMC maintained a robust balance sheet with total assets of P2.6 trillion

    SMC maintained a robust balance sheet with total assets amounting to P2.6 trillion. (In Billion Php) June 30, 2025 December 31, 2024 Cash 321 294 Total Current Assets 861 900 Total Assets 2,618 2,677 Interest-bearing debt 1,504 1,560 Total Current Liabilities 637 737 Total Liabilities 1,880 2,000 To

  16. Slide 16: Highlights of SMC 1H2025 Sustainability Performance

    Highlights of SMC 1H2025 Sustainability Performance 3G Leadership Award in CSR 2025 and Published 2024 Sustainability Report 3G Best Sustainability Reporting 2025 https://sanmiguel.com.ph/smcannualreport2024/ SMC_2024_SUSTAINABILITY_REPORT.pdf

  17. Slide 17: Driving Sustainable Change

    Highlights of SMC 1H2025 Sustainability Performance Driving Sustainable Change Achieving 2041-2050 Net Zero 2031-2040 Scaling Up Laying the 2024-2030 Foundation Roadmap to Net Zero Physical Climate Risk Assessment

  18. Slide 18: Driving Sustainable Change

    Highlights of SMC 1H2025 Sustainability Performance Driving Sustainable Change Supplier Sustainability Forums – with Food, GSMI, and Corporate Suppliers

  19. Slide 19: 1H2025 Business Updates & Outlook

    | 1H2025 Business Updates & Outlook » SMC is pressing ahead with its growth and expansion strategy, backed by solid operating performance and steady consumer demand, even amid global economic challenges. » Progress on the Manila International Airport's land development and ground improvement works a

  20. Slide 20: Q&A

    Q&A | 18

  21. Slide 21: Investor Relations contact details

    SMCInvestorRelations@sanmiguel.com.ph C O R P O R AT E W E B S I T E S www.sanmiguel.com.ph www.smfb.com.ph www.sanmiguelbrewery.com.ph www.ginebrasanmiguel.com.ph www.petron.com www.smcglobalpower.com.ph I N V E S T O R R E L AT I O N S +632 8632 3581 (SMC) +632 8632 3417 (SMFB) +632 8884 9265 (PET

San Miguel Food and Beverage — H1 2025 Earnings Presentation on 6ix