San Miguel Corporation · PSE:SMC
San Miguel — 9M 2020 Earnings Presentation
16 slides from San Miguel's earnings presentation, Nov 5, 2020
Slide 1: Investors' Briefing: 2020 September-YTD Results
INVESTORS’ BRIEFING 2020 SEPTEMBER-YTD RESULTS November 05, 2020 SAN MIGUEL PACKAGING GROUP
Slide 2: San Miguel Corporation 130th Anniversary
SAN MIGUEL CORPORATION SEPTEMBER-YTD 2020 1 3 0 TH A N N I V E R S A RY Source: https://www.facebook.com/officialsanmiguelcorp 2
Slide 3: 3rd Quarter Developments
SAN MIGUEL CORPORATION SEPTEMBER-YTD 2020 3 RD Q U A RT E R D E V E L O P M E N T S - SMC received favorable decision from the SEC En Banc relating to the share swap transaction between SMC and SMFB - SMC redeemed Series 2-D preferred shares consisting of 89,333,400 shares amounting to P6.7 billion
Slide 4: San Miguel Corporation September-YTD 2020
SAN MIGUEL CORPORATION SEPTEMBER-YTD 2020 IN MILLION CHANGES PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales -31% -28% 531,134 758,634 -30% Income from Operations -74% -15% 41,456 88,746 -53% Net Income -115% 9% 10,746 39,695 -73% EBITDA -47% -4% 83,780 123,000 -32% 4
Slide 5: San Miguel Food and Beverage, Inc.
SAN MIGUEL FOOD AND BEVERAGE, INC. SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales -19% -5% 194,559 226,365 -14% Income from Operations -47% -24% 20,531 33,585 -39% Net Income -50% -15% 14,358 22,921 -37% 5
Slide 6: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales -39% -12% 72,482 103,883 -30% Income from Operations -61% -20% 14,809 28,200 -47% Net Income -62% -8% 11,080 19,835 -44% 6
Slide 7: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales 1% 56% 25,343 21,430 18% Income from Operations 13% 112% 3,110 2,209 41% Net Income 28% 177% 2,212 1,325 67% 7
Slide 8: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales -1% -10% 96,737 101,054 -4% Income from Operations 111% -81% 2,658 3,209 -17% Net Income 199% -84% 1,548 1,783 -13% 8
Slide 9: San Miguel Foods
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2020 2 1 3 3 1 Feeds and veterinary medicine 2 Poultry and fresh meats 3 Refrigerated and canned meats, dairy, spreads, biscuits, and coffee 9
Slide 10: San Miguel Foods New Product Offerings
SAN MIGUEL FOODS (a Division of San Miguel Food and Beverage, Inc.) SEPTEMBER-YTD 2020 NEW PRODUCT OFFERINGS 10
Slide 11: San Miguel Packaging Group
SAN MIGUEL PACKAGING GROUP SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales -19% -9% 22,246 26,360 -16% Income from Operations -81% -58% 649 2,493 -74% 11
Slide 12: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales -21% -6% 87,866 105,142 -16% Income from Operations -1% -6% 28,989 29,974 -3% Net Income 25% 31% 14,480 11,385 27% 12
Slide 13: Petron Corporation
PETRON CORPORATION SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales -40% -49% 216,430 381,656 -43% Income from Operations -249% 2% (10,364) 13,871 -175% Net Income -643% 63% (12,606) 3,623 -448% 13
Slide 14: SMC Infrastructure
SMC INFRASTRUCTURE SEPTEMBER-YTD 2020 CHANGES IN MILLION PESOS 1H2020 3Q2020 9M2020 9M2019 CHANGE Net Sales* -46% -34% 10,271 17,792 -42% Income from Operations* -84% -59% 2,140 8,965 -76% *Manila North Harbor Ports results deconsolidated effective April 26, 2019 14
Slide 15: SMC Financial Position
SMC FINANCIAL POSITION As of September As of December IN BILLION PESOS 2020 2019 Total Assets 1,873 1,818 Cash 326 286 Interest –bearing Debt 938 852 Current Ratio 1.58x 1.46x Total Liabilities to Equity Ratio 2.17x 2.16x Interest-bearing Debt to Equity Ratio 1.58x 1.48x EBITDA-to-Total Interest Exp
Slide 16: 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 Food and Beverage, Inc. - www.smfb.com.ph Petron Corporation - www.petron.com SMC Global Power Holdings Corp