#1GINEBRA SAN MIGUEL SINCE 1834 November 13, 2023 THE PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 6th Floor, PSE Tower 5th Avenue corner 28th Street Bonifacio Global City, Taguig City Attention: Ms. Alexandra D. Tom Wong Officer-in-Charge, Disclosure Department Gentlemen: Attached are the materials for the combined Analysts' Briefing on the 2023 September YTD Results of Ginebra San Miguel Inc., San Miguel Corporation, San Miguel Food and Beverage, Inc., and Petron Corporation. Very truly yours, Francis Joseph A. Cruz Assistant Corporate Secretary GINEBRA SAN MIGUEL INC. 3rd and 6th Floors, San Miguel Properties Centre, St. Francis Street, Ortigas Center, Mandaluyong City, Metro Manila, Philippines 1550 Telephone: (+632) 8841-5100 Fax: (+632) 8643-2211#2SAN MIGUEL CORPORATION Analysts' Briefing 2023 SEPTEMBER YTD RESULTS November 13, 2023 A GINEBRA SAN MIGUEL SINCE 1834 PETRON SAN MIGUEL CORPORATION SAN MIGUEL FOOD AND BEVERAGE, INC.#3E SAN MIGUEL CORPORATION September-YTD 2023 San Miguel Corporation (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 1,061,088 1,112,522 -5% INCOME FROM 110,186 85,497 29% OPERATIONS NET INCOME 31,187 12,945 141% EBITDA 154,209 126,351 22% ##477777 SAN MIGUEL FOOD AND BEVERAGE, INC. San Miguel Food and Beverage, Inc. September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 276,656 261,540 6% INCOME FROM 34,685 37,571 -8% OPERATIONS NET INCOME 27,483 26,347 4% ##5SAN MIGUEL BREWERY INC. San Miguel Brewery Inc. (a Division of San Miguel Food and Beverage, Inc.) September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 108,333 98,992 9% INCOME FROM 24,114 22,226 8% OPERATIONS NET INCOME 19,431 16,161 20% # 4#6GINEBRA SAN MIGUEL SINCE 1834 Ginebra San Miguel Inc. (a Division of San Miguel Food and Beverage, Inc.) September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 NET SALES 38,915 CHANGE% 34,534 13% INCOME FROM 5,034 4,580 10% OPERATIONS NET INCOME 5,491 3,385 62% # ம#7(IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 129,412 128,019 1% INCOME FROM 5,584 10,812 -48% OPERATIONS NET INCOME 3,202 7,439 -57% SAN MIGUEL FOODS Always Good San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) September-YTD 2023 # 9#8SAN MIGUEL FOODS Always Good San Miguel Foods (a Division of San Miguel Food and Beverage, Inc.) September-YTD 2023 ANIMAL NUTRITION AND HEALTH1 SULIT PACK B-MEG SUPER PREMIUM FINISHER DAMI GATAS DEMI CATAS MEO LACTING PEILIT Daxa SULIT PACK B-MEG AQUARATION GROWER Estudod Fans Integra POWER MAXX nutri CHUNKS S-PROTEN nutri CHUNKS nutri OPTIMUM ADULT CHUNKS OPTIMUM ADULT SULIT PACK IVY 5429 HIS OWN ELECTROLYTES PROTECT PLUS GOLD Multivitamins Norovit PROTECT PLUS Drumsticks Wings PROTEIN² Ready-to-Cook Fried Chicken Magnolia Magnolia Magnolia Breast Whole CHICKEN Magnolia Free Range CHICKEN Rousters Brown E Fogs FLOUR MILLING San Miguel Mills 2 EMPEROR HARD WHEAT FLOUR BARON ALL-PURPOSE -FLOUR 4 San Miguel M GOLDEN WHEAT WHOLE WHEAT FLOUR BAKE BEST A San Miguel M NOVA PRINCESS -CAKE FLOUR- FLOUR ALL PURPOSE Pancake Grams & Pub FLOUR Dairy, Spreads and Coffee CHEEZEE Quickmelt! Ouzo Daily Quezo GOLD PREPARED AND PACKAGED FOOD Refrigerated & Canned Meats, Plant-Based Food Quest CHEEZEE Gold Cheddar My White Cream Claccal Butter-licious! Edam CLASSIC CHEESEDOO Tender Juicy F000 STAR DELI ANGUS STAR Buttercup Devil's Food Cake Mix CHEEZEE Ay who Baker's Best DARI CREME CHEEZEE Tender Juicy CHASEDOO 25 DELE GERMAN Cha CORNOS Monas SPICY SOYAGAGLIE BALLS PUREFOODS Classic Honeycure Bacon PUREFBOOS meal-Pee SPICY SOY GARLIC BALLS Veega NUGGETS Veega meal-free BURGER PALLY Magnolia Spaghetti Sauce STAR Gold Label Gold Label Crissy Crispy Crispy PUREFOODS Tocino PURE FOODS CHICKEN ADOBO CHOCOLAR B BA NEW Cream Magnolia Fill Cream PANCA Fresk Fiesta Ham PUREFOODS Sarina Papcar Magnolia Magnolia Magnolia Real MOCCONA Sandwich Mayonnaise Spread Creamy Chicken Spread ESSENSI ESSENSI San Mig Crema San Mig LOR Park Humbe PUREFOODS String Tempura PUREFOODS Chicken Katsa PROEFOODS by Margar PUREFOODS CORNED BEEF PUREFOODS CORNED STAR STAR Chunky Cheese BEEF Corned Beef Corned Beef CHUNKS Veega TOCINO Veega ADOBO FLAKES SAUSAGE CHORYZO MG STYLE Boo Galdere Snappalaking 1 Feeds and veterinary medicine 2 Poultry and fresh meats 目 Kanak SPAM PUREFOODS Chicken Chinese Style LUNCHEON MEAT MEATIER Luncheon Meet SISIG ULAM KING SAKE BE 唱 AKE BES BUTTER CAKE MIX CRINKLE MIX PUTO MIX EMPEROR'S BEST INSTANT YEART Veega meal-free Veega TAPA BAKE BES BREAD IMPROVER BAKING POWDER DOUBLE-ACTING # 7#9SAN MIGUEL YAMAMURA PACKAGING CORPORATION San Miguel Packaging Group September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 27,665 25,262 10% INCOME FROM 1,592 1,334 19% OPERATIONS ##10SMC GLOBAL POWER San Miguel Global Power Holdings Corp. September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 125,213 166,147 -25% INCOME FROM 23,337 23,212 1% OPERATIONS NET INCOME (LOSS) 9,088 (2,635) 445% ##11PETRON Petron Corp. September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 587,283 631,138 -7% INCOME FROM 27,008 16,498 64% OPERATIONS NET INCOME 9,508 8,179 16% # 10#12SMC INFRASTRUCTURE SMC Infrastructure September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 25,081 20,871 20% INCOME FROM 13,676 10,094 35% OPERATIONS # 11#13NH NORTHERN CEMENT SOUTHERN CORPORATION CONCRETE EAGLE CEMENT San Miguel Equity Investment Inc. Cement Business September-YTD 2023 (IN MILLION PESOS) 9M2023 9M2022 CHANGE% NET SALES 28,887 8,126 255% INCOME FROM 4,593 (19) ** OPERATIONS # 12#14SAN MIGUEL CORPORATION SMC Financial Position September-YTD 2023 (In Bil Php) Total Assets 2,437 Cash Interest-bearing debt As of September 2023 As of December 2022 2,392 265 1,406 318 1,356 Current Ratio 1.11x 1.21x Total Liabilities to Equity Ratio 2.84x 2.74x Interest-bearing Debt to Equity Ratio 2.21x 2.12x 13#15BIES 1747 SAN MIGUEL CORPORATION Thank you! SMCInvestor [email protected] CORPORATE WEBSITES www.sanmiguel.com.ph www.sanmiguelbrewery.com.ph www.ginebrasan miguel.com.ph www.smfb.com.ph www.petron.com www.smcglobal power.com.ph INVESTOR RELATIONS +632 8632 3706 +632 8632 3417 +632 8884 9265 San Miguel Corporation | Investor Presentation