San Miguel Corporation · PSE:SMC
San Miguel — H1 2013 Earnings Presentation
16 slides from San Miguel's earnings presentation, Aug 12, 2013
Slide 1: San Miguel Corporation disclosure letter to PSE
SAN MIGUEL CORPORATION August 12, 2013 The Philippine Stock Exchange, Inc. Disclosure Department 3” Floor, Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head-Disclosure Department Gentlemen: Attached are the materials for the Investors’ Bri
Slide 2: 2013 First Semester Results Investors' Briefing
2013 First Semester Results Investors’ Briefing August 12, 2013 1
Slide 3: Updates: Sale of Meralco Shares
Updates Sale of Meralco Shares • No. of shares sold: 64,333,330 • Price: P270/share • Total proceeds: P17.4B • Gain on sale: P9.6B 2
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights In billion pesos 2013 2012 Change Net Sales 357.5 329.2 9% Income from Operations 28.9 24.4 19% First Semester 2013 Net Income before forex 7.8 7.8 0% Forex gains/(loss) (10.2) 5.9 Net Income attributable to the equity holders of the (2.4) 13.7 -117% parent company
Slide 5: Brewery Inc.
San Miguel Brewery Inc. In million pesos 2013 2012 Change Net Sales 36,811 36,884 0% First Semester 2013 Income from Operations 10,683 10,808 -1% Volume (mil cases) 101.1 111.6 -9% 4
Slide 6: Ginebra San Miguel Inc.
Ginebra San Miguel Inc. In million pesos 2013 2012 Change Net Sales 6,051 6,882 -12% First Semester 2013 Income from Operations (811) (148) -449% Volume (mil cases) 9.1 11.7 -22% 5
Slide 7: Pure Foods Co., Inc.
San Miguel Pure Foods Co., Inc. In million pesos 2013 2012 Change Net Sales 47,081 45,350 4% First Semester 2013 Income from Operations 2,399 1,826 31% Net Income attributable to equity holders of parent 1,807 1,699 6% company 6
Slide 8: San Miguel Pure Foods: Agro-Industrial Cluster
San Miguel Pure Foods Co., Inc. AGRO-INDUSTRIAL CLUSTER (Feeds, Poultry and Fresh Meats) 2013 1st Semester In million Pesos Revenue Operating Income 31,532 1000 889 30,259 800 600 400 349 200 0 1H 2012 1H 2013 1H 2012 1H 2013 7
Slide 9: San Miguel Pure Foods: Branded Value-Added Businesses
San Miguel Pure Foods Co., Inc. BRANDED VALUE-ADDED BUSINESSES (Processed Meats, Dairy and Coffee) 2013 1st Semester Financial Highlights In million Pesos Revenue Operating Income 10,019 540 9,217 478 1H 2012 1H 2013 1H 2012 1H 2013 8
Slide 10: Yamamura Packaging
San Miguel Yamamura Packaging In million pesos 2013 2012 Change First Semester 2013 Net Sales 11,478 11,879 -3% Income from Operations 1,150 1,117 3% 9
Slide 11: Global Power Corp.
San Miguel Global Power Corp. In million pesos 2013 2012 Change Net Sales 37,604 39,492 -5% First Semester 2013 Income from Operations 11,012 8,833 25% Offtake Volume (GWH) 8,407 8,338 1% 10
Slide 12: Petron Corp.
Petron Corp. In million pesos 2013 2012 Change Net Sales 218,781 193,299 13% First Semester 2013 Income from Operations 3,795 4,043 -6% Net Income before minority 1,127 183 517% interest Volumes (‘000 barrels) 39,792 32,533 22% 11
Slide 13: Petron Corp.: RMP2 and Station Upgrade
Petron Corp. RMP2: REFINERY SERVICE STATION UPGRADE EXPANSION Overall Progress: About 80% More than Target Completion: 2,100 stations 4Q2014 Phase 1: Operating since May 2013 189 out of Phase 2: Over-all 555 stations progress at 80% COGENERATION POWER PETRON MALAYSIA PLANT REBRANDING 12
Slide 14: Infrastructure
Infrastructure Tarlac – Pangansinan – La Union Expressway • Stretch from Tarlac to Gerona to be operational by 4Q 2013 Boracay Airport • Phase 1 of hill shaving is 55% completed • Construction of runway to start by 1Q2014 • Project completion by 2015 NAIA Expressway • EPC contract awarded to DMCI la
Slide 15: Financial Position
Financial Position TOTAL ASSETS • P 1,129.6 billion CASH BALANCE • P 133.9 billion INTEREST-BEARING DEBT • P 424.5 billion CURRENT RATIO • 1.26x DEBT-TO-EQUITY RATIO • 2.02x INTEREST-BEARING-DEBT-TO- EQUITY • 1.13x RATIO NET DEBT TO 12-MONTH ROLLING EBITDA • 3.64x 14
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 Pure Foods Company, Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Contact us: SMC Investor Re