DOCSLIB.ORG

Download / View

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Download / View 5/18/2020 Annual Report CR03066-2020 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A, AS AMENDED ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended Dec 31, 2019 2. SEC Identification Number 11840 3. BIR Tax Identification No. 000-100-341-000 4. Exact name of issuer as specified in its charter SAN MIGUEL FOOD AND BEVERAGE, INC. 5. Province, country or other jurisdiction of incorporation or organization Philippines 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 100 E. Rodriguez Jr. Avenue (C-5 Road), Barangay Ugong, Pasig City, Metro Manila Postal Code 1604 8. Issuer's telephone number, including area code (632) 5317-5000 9. Former name or former address, and former fiscal year, if changed since last report N/A 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Number of Shares of Common Stock Outstanding and Amount Title of Each Class of Debt Outstanding COMMON (FB) 5,909,220,090 SERIES A BONDS DUE MARCH 2025 (IN 8,000,000,000.00 PESO) SERIES B BONDS DUE MARCH 2027 (IN 7,000,000,000.00 PESO) TOTAL DEBT as of Dec. 31, 2019 (IN MIL 122,786 PESO–CONSO) 11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No https://edge.pse.com.ph/openDiscViewer.do?edge_no=b70e71c5880a7d930de8473cebbd6407 1/4 5/18/2020 Annual Report If yes, state the name of such stock exchange and the classes of securities listed therein: PHILIPPINE STOCK EXCHANGE, INC. – COMMON SHARES , PHILIPPINE DEALING & EXCHANGE CORP. – SERIES A BONDS DUE 2025; SERIES B BONDS DUE 2027 12. Check whether the issuer: (a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports) Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No 13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form Php33,194,831,450 as of March 31, 2020 APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS 14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission. Yes No DOCUMENTS INCORPORATED BY REFERENCE 15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated: (a) Any annual report to security holders N/A (b) Any information statement filed pursuant to SRC Rule 20 N/A (c) Any prospectus filed pursuant to SRC Rule 8.1 N/A 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, https://edge.pse.com.ph/openDiscViewer.do?edge_no=b70e71c5880a7d930de8473cebbd6407 2/4 5/18/2020 Annual Report and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. San Miguel Food and Beverage, Inc. FB PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and Section 17.2 and 17.8 of the Revised Disclosure Rules For the fiscal year ended Dec 31, 2019 Currency PHP (in Millions) Balance Sheet Year Ending Previous Year Ending Dec 31, 2019 Dec 31, 2018 Current Assets 106,119 100,841 Total Assets 265,967 238,504 Current Liabilities 73,072 83,905 Total Liabilities 122,786 108,389 Retained Earnings/(Deficit) 66,963 59,228 Stockholders' Equity 143,181 130,115 Stockholders' Equity - Parent 95,093 87,594 Book Value Per Share 13.55 12.28 Income Statement Year Ending Previous Year Ending Dec 31, 2019 Dec 31, 2018 Gross Revenue 310,785 286,378 Gross Expense 263,004 240,428 Non-Operating Income 892 1,102 Non-Operating Expense 2,566 3,691 Income/(Loss) Before Tax 46,107 43,361 Income Tax Expense 13,828 12,828 Net Income/(Loss) After Tax 32,279 30,533 https://edge.pse.com.ph/openDiscViewer.do?edge_no=b70e71c5880a7d930de8473cebbd6407 3/4 5/18/2020 Annual Report Net Income/(Loss) Attributable to Parent Equity Holder 18,278 18,245 Earnings/(Loss) Per Share (Basic) 2.95 2.94 Earnings/(Loss) Per Share (Diluted) 2.95 2.94 Financial Ratios Fiscal Year Ended Previous Fiscal Year Formula Dec 31, 2019 Dec 31, 2018 Liquidity Analysis Ratios: Current Ratio or Current Assets / Current Working Capital Ratio Liabilities 1.45 1.2 (Current Assets - Inventory - Quick Ratio Prepayments) / Current 0.83 0.7 Liabilities Solvency Ratio Total Assets / Total Liabilities 2.17 2.2 Financial Leverage Ratios Debt Ratio Total Debt/Total Assets 0.23 0.24 Total Debt/Total Stockholders' Debt-to-Equity Ratio Equity 0.42 0.44 Earnings Before Interest and Interest Coverage Taxes (EBIT) / Interest 15.78 15.46 Charges Total Assets / Total Asset to Equity Ratio Stockholders' Equity 1.86 1.83 Profitability Ratios Sales - Cost of Goods Sold or Gross Profit Margin Cost of Service / Sales 0.32 0.32 Net Profit Margin Net Profit / Sales 0.1 0.11 Return on Assets Net Income / Total Assets 0.12 0.13 Net Income / Total Return on Equity Stockholders' Equity 0.23 0.23 Price Per Share / Earnings Price/Earnings Ratio Per Common Share 28.81 27.89 Other Relevant Information Please see attached SEC Form 17-A (Annual Report) of the Company filed with the Securities and Exchange Commission on May 15, 2020. Filed on behalf by: Name Alexandra Trillana Designation Corporate Secretary and Compliance Officer https://edge.pse.com.ph/openDiscViewer.do?edge_no=b70e71c5880a7d930de8473cebbd6407 4/4 SEC COPY C O V E R S H E E T 1 1 8 4 0 S. E. C. Registration Number S A N M I G U E L F O O D A N D B E V E R A G E , I N C . (Company’s Full Name) 1 0 0 E . R O D R I G U E Z J R . A V E N U E C - 5 R O A D , B A R A N G A Y U G O N G P A S I G C I T Y 1 6 0 4 M E T R O M A N I L A (Business Address: No. Street City/Town/Province) ALEXANDRA B. TRILLANA (632) 5317-5450 Contact Person Company Telephone Number ANNUAL REPORT S E C - 1 7 - A Month Day FORM TYPE Month Day Annual Meeting Secondary License Type, If Applicable Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings Total No. of Stockholders Domestic Foreign ------------------------------------------------------------------------------------------------------------ To be accomplished by SEC Personnel concerned ____________________________ File Number LCU ____________________________ Document I. D. Cashier - - - - - - - - - - - - - - - - - - S T A M P S - - - - - - - - - - - - - - - - - - Remarks = pls. Use black ink for scanning purposes + SEC Number 11840 File Number ______________________________________________________ SAN MIGUEL FOOD AND BEVERAGE, INC. and SUBSIDIARIES ________________________________________ (Company’s Full Name) 100 E. Rodriguez Jr. Avenue (C-5 Road) Barangay Ugong, Pasig City _____________________________________ (Company’s Address) 5317-5000 ______________________________________ (Telephone Number) December 31 ______________________________________ (month & day) SEC Form 17-A Annual Report ______________________________________ Form Type _______________________________ Amendment Designation (if applicable) December 31, 2019 _______________________________________ Period Ended Date ___________________________________________________ (Secondary License Type and File Number) 1 + SEC FORM 17-A ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the calendar year ended December 31, 2019 2. SEC Identification Number 11840 3. BIR Tax Identification No. 000-100-341-000 4. Exact name of issuer as specified in its charter SAN MIGUEL FOOD AND BEVERAGE, INC. 5. Philippines 6. _____ SEC Use Only Province, country or other jurisdiction Industry classification code of incorporation or organization 7. 100 E. Rodriguez Jr. Avenue (C-5 Road) Barangay Ugong, Pasig City 1604 Address of principal office Postal Code 8. (02) 5317-5000 Issuer’s telephone number, including area code 9. NOT APPLICABLE Former name, former address, and former fiscal year, if changed since last report. 10. Securities registered pursuant to Sections 8 and 12 of the SRC Title of Each Class Number of Shares of Stock Issued and Outstanding and Debt Outstanding (As at December 31, 2019) Common - P 1 par value 5,909,220,090 Preferred Series 2 - P 10 par value 15,000,000 5,924,220,090 Total Liabilities (in ‘000,000) P122,786 11.
Load more

Recommended publications
  • Tanduay Distillers, Inc
    G AINING MOMENTUM 11th Floor Unit 3 Bench Tower, 30th Street corner Rizal Drive Cresent Park West 5, Bonifacio Global City, Taguig City, Philippines ltg.com.ph G AINING MOMENTUM ANNUAL REPORT ANNUAL REPORT 2018 2018 Contents 2 Financial Highlights 3 Our Businesses at a Glance The LT Group Logo 4 Our Partnerships Strength and solidarity. This is the essence of the LT Group (LTG) logo. The 6 clean balance lines and curves are central elements -- a mystical Chairman’s Message symmetrical tree. Drawn in an Eastern-Oriental style, it gives hint to the 8 President’s Message Company’s Chinese heritage. 12 CFO’s Message Tree is life. Life is growth. Like a tree, a company with rm roots, properly 14 Asia Brewery, Inc. nurtured, will continuously grow and give value. 16 Eton Properties Philippines, Inc. The tree’s trunk is upright, and the branches spread out -- a symbolic 18 PMFTC Inc. consolidation of the subsidiaries and stakeholders within two circles, one for continuity, the outer one for solidarity. 24 Philippine National Bank 26 Tanduay Distillers, Inc. 28 Corporate Governance Report VISION 36 Corporate Social Responsibility To be a world-class conglomerate at the forefront of Philippine economic e Tan Yan Kee Foundation, Inc. growth, successfully maintaining a strong presence and dominant position in key Philippine industries while ensuring continuous benets to its Asia Brewery, Inc. consumers, communities, employees, business partnerts, and shareholders. Eton Properties Philippines, Inc. MISSION PMFTC Inc. Anchored to its Vision, the LT Group commits: Philippine National Bank To increase stockholder values through long-term growth in its major Tanduay Distillers, Inc.
    [Show full text]
  • DEPARTMENT of ENERGY LIST of REGISTERED COAL END-USERS As of 31 December 2017
    DEPARTMENT OF ENERGY LIST OF REGISTERED COAL END-USERS as of 31 December 2017 Certificate of Registration Name of Company Period of Validity Contact Person and Address No. Melvin U. Tan 27 July 2012 - 1 MEGA POLYGUMS CORPORATION CE-2012-07-0001 5th Flr., 926 Araneta Ave., Quezon City 26 July 2022 Tel Nos. 712-2631,712-1989 [email protected] Eduardo Santos SOLID DEVELOPMENT 27 July 2012 - 2 CE-2012-07-0002 Mataas na Parang, San Ildefonso, Bulacan CORPORATION 26 July 2022 Tel No. (044) 901-1393 Kian Go Tan 27 July 2012 - 3 DOWI HOSIERY Y MILLS CE-2012-07-0003 92 Rubbermaster Rd. Lingunan, Valenzuela City 26 July 2022 Tel Nos. 294-1228,278-7102 [email protected] Marianne Y. Tan PERMEX PRODUCER & EXPORTER 01 August 2012 - President 4 CE-2012-08-0004 CORPORATION 31 July 2022 4F Vermont Towers J. Nakpil St., Malate Manila Tel No. 524-5801 [email protected] Virginia Lumanog SVP-Finance MACRO INDUSTRIAL PACKAGING 09 August 2012 - Airstrip Road, Canlubang Industrial Estate, Canlubang, 5 CE-2012-07-0005 PRODUCTS CORPORATION 08 August 2022 Calamba City Laguna Tel No. 049-549-2886/87 fax 844-7796 [email protected],vl2mpc.com.ph Wu An Kang GOODFOUND CEMENT 09 August 2012 - 6 CE-2012-07-0006 Purok 3, Barangay Palanog, Camalig, Albay Tel Nos. 052-484- CORPORATION 08 August 2022 1322,052-484-135 Alvin Ryan Tan SLORD DEVELOPMENT 01 August 2012 - Plant Manager 7 CE-2012-08-0007 CORPORATION 31 July 2022 PFDA Navotas Fishport Complex, Navotas City Tel No. 281- 9453 Jennifer M.
    [Show full text]
  • Tanduay Distillers, Inc. and Subsidiaries Index to Financial Statements and Supplementary Schedules Sec Form 17-A
    COVER SHEET 1 5 1 0 9 6 SEC Registration Number T A N D U A Y D I S T I L L E R S , I N C . ( A W h o l l y O w n e d S u b s i d i a r y o f L T G r o u p , I n c . ) A N D S U B S I D I A R I E S (Company‘s Full Name) 3 4 8 J . N e p o m u c e n o S t . , S a n M i g u e l D i s t r i c t , M a n i l a (Business Address: No. Street City/Town/Province) NESTOR MENDONES 519-7981 (Contact Person) (Company Telephone Number) 1 2 3 1 17-A 0 5 0 4 Month Day (Form Type) Month Day (Calendar Year) (Annual Meeting) (Secondary License Type, If Applicable) SEC Dept. Requiring this Doc. Amended /Section Total Amount of Borrowings 8 Total No. of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document ID Cashier S T A M P S Remarks: Please use BLACK ink for scanning purposes. 1 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF CORPORATION CODE OF THE PHILIPPINES 1. For the calendar year ended December 31, 2013 2. SEC Identification Number 151096 3. BIR Tax Identification No. 000-086-108-000 4.
    [Show full text]
  • Please Be Informed That the Annual Stockholders' Meeting Of
    NOTICE OF ANNUAL STOCKHOLDERS’ MEETING To All Stockholders: Please be informed that the Annual Stockholders’ Meeting of ETON PROPERTIES PHILIPPINES, INC. (the “Company”) will be held virtually via Zoom on 29 June 2020, Monday, at 9:00 a.m. for the following purposes: I. Call to Order II. Proof of Notice III. Certification of Quorum IV. Approval of Minutes of the Previous Meeting V. Chairman’s Message VI. President’s Report VII. Ratification of Acts of Directors and Officers During the Preceding Year VIII. Election of Directors IX. Amendment of the Company’s By Laws to Change the Date of the Annual Stockholders’ Meeting X. Adjournment In light of the current public health emergency brought about by the COVID-19 pandemic, the Company will conduct its Annual Stockholders’ Meeting through remote communication in order to safeguard the health and well-being of its personnel and stakeholders. The Board of Directors has fixed the close of business on 28 May 2020 as the record date of shareholders in good standing entitled to receive notice of, and to vote in absentia at, the meeting and any adjournment(s) thereof. Stockholders who wish to attend or vote through remote communication should register by sending the required documents by email to [email protected] on or before 19 June 2020. The procedures and further details for registration, participation, and voting through remote communication are set forth in Appendix 1, as well as in the Definitive Information Statement, and published in the Investor Relations Page of the Company’s website at www.eton.com.ph.
    [Show full text]
  • View/Download
    SAN MIGUEL CORPORATION April 16, 2018 The Philippine Stock Exchange, Inc. Disclosure Department 9th Floor, Philippine Stock Exchange Tower 28 th Street, corner 5 th Avenue Bonifacio Global City, Taguig City Attention: Mr. Jose Valeriano B. Zuño III OIC-Head, Disclosure Department Re: Annual Report Gentlemen: We are submitting herewith an electronic copy of the Annual Report (SEC Form 17-A) of San Miguel Corporation, as filed with the Securities and Exchange Commission today, April 16, 2018. Very truly yours, C O V E R S H E E T P W - 2 7 7 S. E. C. Registration Number S A N M I G U E L C O R P O R A T I O N (Company’s Full Name) N O . 4 0 S A N M I G U E L A V E M A N D A L U Y O N G C I T Y M E T R O M A N I L A P H I L I P P I N E S (Business Address: No. Street City/Town/Province) Atty. Mary Rose S. Tan (632) 632-3000 Contact Person Company Telephone Number SEC FORM 2nd Tuesday of June 1 2 3 1 1 7 - A Month Day FORM TYPE Month Day Annual Meeting Secondary License Type, If Applicable Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings Total No. of Stockholders Domestic Foreign ------------------------------------------------------------------------------------------------------------ To be accomplished by SEC Personnel concerned ____________________________ File Number LCU ____________________________ Document I. D. Cashier - - - - - - - - - - - - - - - - - - S T A M P S - - - - - - - - - - - - - - - - - - Remarks = pls.
    [Show full text]
  • Asia Brewery Project – Cabuyao, Laguna, Philippines
    ASIA BREWERY PROJECT – CABUYAO, LAGUNA, PHILIPPINES CLIENT NAME: AB Nutribev Corp. PROJECT VALUE: USD 38 Million SERVICES PROVIDED: Master Planning , Turnkey Construction Management Serices & Concept Design Services including Architectural, Civil, Process & Packaging Integration for the Asia Brewery is a diversified beverage company of the LT Group Inc. Entire Facility Among its beverage products are beer, bottled water, iced tea drinks, sports drinks and alcohol mixes. In 2011, the company acquired Philippine distribution rights for Vitamilk soy milk from Thailand's Green Spot Company Ltd., with an option to manufacture the product under a joint- venture agreement given certain sales milestones, thus the establishment of AB Nutribev Corp. AB Nutribev Corporation selected Total Developpement and Management Inc. (TDM) to Engineering, Procurement and Construction Management (EpCM) for their brownfield soya-based ready-to-drink manufacturing plant. The manufacturing facility comprises a 30,000 sq.m facility, located in Cabuyao, Laguna, approximately 25kms. South of Manila. The facility is designed for the phased production expansion as follows: Phase 1: Consists of production, filling and warehousing capable of producing 31500 RGB bottles per hour 1 (product throughput 10,000LPH). Phase 2: The facility will be designed to allow for future expansion through the installation of additional processing equipment and 2 x additional filling lines up to 30,000LPH. The project included the preparation and development of detailed engineering design for the whole plant covering the architectural, civil/structural, mechanical, electrical controls and plumbing; together with the design coordination and integration of speciality process equipment. 305, 3/F One Corporate Plaza, 845 Arnaiz Ave. Makati City, Philippines ASIA BREWERY PROJECT – CABUYAO, LAGUNA, PHILIPPINES The project tender management based upon an agreed Work Breakdown Structure was completed in accordance with a fast track execution plan.
    [Show full text]
  • UNO Template
    14 July 2014 Asia Pacific/Philippines Equity Research Conglomerates LT Group, Inc. (LTG.PS / LTG PM) Rating OUTPERFORM* [V] Price (11 Jul 14, P) 15.22 INITIATION Target price (P) 20.20¹ Upside/downside (%) 32.7 Tobacco turnaround Mkt cap (P mn) 164,702 (US$ 3,791) Enterprise value (P mn) 179,870 ■ Initiate with OUTPERFORM. We initiate coverage on LT Group with an Number of shares (mn) 10,821.39 Free float (%) 25.6 OUTPERFORM rating and a P20.2 target price, implying 33% potential 52-week price range 24.9 - 13.3 upside. The company's tobacco business is the key driver of our target price ADTO - 6M (US$ mn) 3.2 and 2015 net income forecast, at 57% and 50%, respectively. *Stock ratings are relative to the coverage universe in each analyst's or each team's respective sector. ■ Tobacco business should lead the group's profit recovery. We estimate ¹Target price is for 12 months. [V] = Stock considered volatile (see Disclosure Appendix). that the tobacco business (PMFTC) will contribute P5.8 bn, up 609% YoY, to the company's consolidated net income in 2015. Consequently, this should Research Analysts result in a consolidated net income of P11.5 bn in 2015E, up 86% YoY. Alvin Arogo There would be another round of predetermined excise tax increase in 63 2 858 7716 [email protected] 2015E, but it should be lower than what has been implemented in 2014E Danielo Picache and 2013A. We believe that this will provide room for the company to 63 2 858 7758 potentially implement a pricing strategy that will allow it to improve PMFTC's [email protected] gross profit and EBIT margin, which we forecast will expand to 25.4% and 12.8%, respectively.
    [Show full text]
  • PNB Investor Presentation FY 2020
    Philippine National Bank Company Brief Page 1 Company Introduction 3 2 Financial Highlights 9 3 Board of Directors & Senior Management 13 4 Awards & Citations 16 About PNB § Philippine National Bank is one of the country’s largest private universal banks in terms of assets, loans and deposits. § It provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas Filipinos. § PNB has 717 branches and 1,710 ATMs strategically located nationwide. The Bank maintains its position as the Philippine bank with the most extensive international reach with 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. § Backed by over a century of stability and excellence, PNB looks forward to more years of serving its customers first. Page 3 Products and Services § PNB provides a full range of quality products and services to a wide customer base: Trust Banking & Remittance Branch Banking Retail Lending Institutional Banking Treasury Services Wealth Mgmt Services • Deposit • Home Loans • Corporates & SMEs • Fixed Income • Sending/ Accounts • Auto Loans • Trade Finance • UITFs Investments Receiving • e-Banking • Salary Loans • Financial • Personal Trust • Foreign • Global Filipino Services • OPHL Institutions • Corporate Trust Exchange Card • Retail Cash • Corporate Cash • PNB Wealth Services • Overseas
    [Show full text]
  • Shelf Registration in the Philippines Of
    SAN MIGUEL CORPORATION Shelf Registration in the Philippines of up to 975,571,800 Series “2” Preferred Shares to be offered within a period of three (3) years at an Offer Price of ₱75.00 per Preferred Share to be listed and traded on the Main Board of The Philippine Stock Exchange, Inc. THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE AND SHOULD BE REPORTED IMMEDIATELY TO THE SECURITIES AND EXCHANGE COMMISSION. This Prospectus is dated March 9, 2016 SAN MIGUEL CORPORATION 40 San Miguel Avenue Mandaluyong City 1550 Philippines Telephone number (632) 632-3000 http://www.sanmiguel.com.ph This Prospectus relates to the shelf registration and continuous offer by way of sale in the Philippines (the “Offer”) of up to 975,571,800 cumulative, non-voting, non-participating, non-convertible Peso-denominated Series “2” Preferred Shares (the “Offer Shares”) of San Miguel Corporation (“SMC”, the “Company”, the “Parent Company” or the “Issuer”), a corporation duly organized and existing under Philippine law, subject to the registration requirements of the Securities and Exchange Commission of the Philippines (the “SEC”). The Offer Shares will be sold at a subscription price of ₱75.00 per share (the “Offer Price”), or for a total offer size of up to Seventy-Three Billion One Hundred Sixty-Seven Million Eight Hundred Eighty-Five Thousand Pesos (₱73,167,885,000.00). The Offer Shares shall be issued in tranches within a period of three (3) years (the “Shelf Period”), at an offer price of ₱75.00 per share.
    [Show full text]
  • Packaging Specialist Delivers Positive Results for Asia Brewery
    FOCUS ON ASEAN Packaging specialist delivers positive results for Asia Brewery In an exclusive interview with Glass Worldwide, Erwin Banquil discusses his role as Vice President for the Packaging Division at Asia Brewery Inc in the Philippines. This includes operations for the manufacture of glass and plastic packaging, as well as cartons and metal closures. Established with the vision of breaking the beer monopoly in 1982, Asia Brewery Inc (ABI) is now a major player in the Philippines beverage and industrial packaging industry. This includes a series of alcoholic and non-alcoholic brands, as well as food products. ABI is part of the Lucio Tan Group of Companies, whose other interests extend from Philippine Airlines, PMFTC and Tanduay to Philippine National Bank, ETON and AB Heineken Phil. All LT Group businesses have shown consistent growth in recent years. Erwin Banquil has been associated with the glass packaging business for most of the last 17 years, having been attracted by the format’s revenue potential in comparison with other packaging materials. Born and raised in the south of the Philippines, at Davao City, he graduated from the Ateneo de Manila University in 2000 and joined San Miguel Yamamura Packaging as a salesman. “My first engagement with glass was to sell pharmaceutical bottles (amber Boston rounds)” he recalls. Front row (left to right): Remelio G Ruiz (QMR) and Digna B Espina (Quality Department Head); back row “Compared to other packaging formats, glass bottles (left to right): Jovito Samson (Furnace Department Head) and Nolan Myles R Ricardo (Plant Manager). generated higher revenue.” By 2004, Mr Banquil was selling glass bottles in the 2010 and between 2011 and 2012, and learn from misjudgements made local market to such international organisations as Pepsi, he worked as Head of Sales and previously.” Diageo and Chinese wine producer La Fuerza.
    [Show full text]
  • To View 2019 PHI Sustainability Report
    PAL Holdings, Inc. Sustainability Report 2019 Contents 03 Chairman’s Message 30 Health and Safety 04 About PAL Holdings, Inc. 41 Employee Training and Development Philippine Airlines PAL express 51 Energy Efficiency Our Vision, Mission and Core Values Buong-Pusong Alaga 58 Other Essential Topics Corporate Governance 12 Company Highlights Data Privacy and Security Awards and Recognition Our People and Values Customer Satisfaction Labor Management Practices Fleet Information Corporate Social Responsibilities Route Network Economic Performance Challenges and Outlook 27 About this Report Purpose, Reporting Standards, Scope and Coverage Materiality Assessment 2 The Chairman's Message To our dear stakeholders, Aviation (CORSIA). It is a global climate change initiative that sets a rigorous target of “carbon-neutral PAL Holdings, Inc. (PHI)’s flight path to a higher level growth” by capping future jet engine carbon of service excellence was affirmed by Skytrax in 2019 emissions at 2020 levels and cutting net emissions to when we won the World’s Most Improved Airline half of the 2005 levels by 2050. award after being re-certified as a 4-Star Global Airline - all thanks to the combined efforts of our two Environment: The Engine of Our Sustainable Success airline companies, Philippine Airlines (PAL) and PAL We seek to achieve those targets by maximizing fuel- express (PALex). Our investments have produced an saving measures and deepening a company-wide enhanced safety and service culture, upgraded culture of environmental protection. Having replaced products and processes, and a stronger global gas-guzzling older fleet with new-generation fuel- network anchored on a young fleet of advanced efficient aircraft, PHI will prepare over the long term aircraft and highly professional flight and ground for a switch to sustainable aviation fuels.
    [Show full text]
  • 2019 Annual Report 1 Banner Financial Summary Our Businesses at a Glance Year
    20192019 ANNUALANNUAL REPORTREPORT Banner year for LT Group, Inc. Vision Mission Seven years ago, Dr. Lucio C. Tan formed LT Group, Inc., a conglomerate with diversified To be a world-class conglomerate at the forefront Anchored to its Vision, the LT Group commits: interests in banking, beverages, alcohol and of Philippine economic growth, successfully distillery, tobacco and property development. maintaining a strong presence and dominant To increase stockholder values through long-term growth in its Their mission: provide the best products and position in key Philippine industries while ensuring major business groups. services to the Filipino consumer. continuous benefits to its consumers, communities, Today, LT Group, Inc. is stronger than ever. employees, business partners, and shareholders. To continuously improve the value of its products and services As a reward for years of hard work and the and to provide consumers with more and better choices. pursuit of excellence, the company ends 2019 with its best financial performance on record. To build the largest, most effective distribution network and A banner year indeed! Contents widest customer reach in the Philippines. Financial Summary 2 To leverage on synergies between its various businesses to continuously improve revenues and cost structure. Our Businesses at a Glance 3 Our Partnerships 4 To enhance the welfare of its employees and the communities Message from the Chairman 6 where it lives and works. LT GROUP, INC. Message from the President 8 (The Vision and Mission Statements are reviewed and approved Message from the CFO 12 annually by the Board of Directors. The latest reviews were on January 15, 2019 and January 17, 2020.) Asia Brewery, Inc.
    [Show full text]