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Profile: San Miguel Corp (SMGBY.PK)

SMGBY.PK on OTC Markets Group

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26 Jul 2016
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San Miguel Corporation, incorporated on August 21, 1913, is a diversified conglomerate. The Company is engaged in the production, processing and marketing of beverage, food and packaging products, energy, mining, fuel and oil, infrastructure, telecommunications, and real estate property management and development. Its segments include beverage, food, packaging, energy, fuel and oil, infrastructure and telecommunications. Its products include beer, liquor, non-alcoholic beverages, poultry, animal feeds, flour, meat, dairy products, coffee, various packaging products and a range of refined petroleum products. The Company's subsidiary, San Miguel Properties Inc. (SMPI), is engaged in commercial property development, sale and lease of real properties, management of strategic real estate ventures and corporate real estate services.

Beverage

The Company's subsidiary, San Miguel Brewery Inc. (SMB) is primarily engaged in the manufacture and sale of fermented and malt-based beverages, particularly beer of all kinds and classes. SMB has over six production facilities in the Philippines strategically located in Luzon, Visayas and Mindanao and operates approximately one brewery each in Hong Kong, Indonesia, Vietnam, Thailand, and over two breweries in China through its subsidiary, San Miguel Brewing International Ltd. (SMBIL). SMBIL also exports its beer products to over 30 countries and territories around the world. The exports of SMBIL are primarily sold under various beer brands, as well as under private labels. The SMC Group also produces hard liquor through its subsidiary, Ginebra San Miguel Inc. (GSMI). GSMI is a gin producer. It operates a distillery, over five liquor bottling plants and approximately one cassava starch milk plant. GSMI distributes its products by shipping directly to dealers.

Food

The Company's Food segment offers a range of food products and services to both household and food service customers. The food business is conducted through San Miguel Pure Foods Company, Inc. (SMPFC). In addition to its Philippine operations, the food business has operations in Indonesia and Vietnam. SMPFC is a Philippine food company, which offers a range of food products and services to household, institutional and foodservice customers in the Philippines. SMPFC has brands in the Philippine food industry, including Magnolia for chicken, ice cream and dairy products; Monterey for fresh and marinated meats; Purefoods for refrigerated processed meats and canned meats; Star and DariCreme for margarine; San Mig Coffee for coffee; B-Meg for animal feeds, and La Pacita for biscuit and flour-based snacks. SMPFC has a multi-channel distribution network that supplies its products to supermarkets and traditional retail outlets, trade, food service channels and franchised stores. SMPFC also engages in the development, reformulation and testing of new products. The Food segment operates through San Miguel Foods, Inc. (SMFI), San Miguel Mills, Inc. (SMMI), The Purefoods-Hormel Company, Inc. (PF-Hormel), Magnolia, Inc. (Magnolia), PT San Miguel Pure Foods Indonesia (PTSMPFI), San Miguel Super Coffeemix Co., Inc. (SMSCCI), San Miguel Pure Foods Investment (BVI) Limited (SMPFI Limited) and San Miguel Pure Foods International, Limited (SMPFIL).

Packaging

The Company's Packaging segment packaging solutions business serves food, pharmaceutical, chemical, beverages, spirits and personal care manufacturers. The packaging business consists of San Miguel Yamamura Packaging Corporation (SMYPC), San Miguel Yamamura Packaging International Limited (SMYPIL), San Miguel Yamamura Asia Corporation (SMYAC), SMC Yamamura Fuso Molds Inc., Can Asia, Inc. (CAI) and Mindanao Corrugated Fibreboard, Inc. (Mincorr), collectively referred to as the Packaging Group. The Packaging Group includes packaging operations in the Philippines, which produces glass, metal, plastic, aluminum cans, paper, flexibles, polyethylene terephthalate (PET) and other packaging products. It also supplies its products to multinational corporations in the Philippines and customers across the Asia-Pacific region, the United States, Africa, Australia and the Middle East, as well as to multinational corporations in the Philippines.

The Packaging Group has approximately 10 international packaging facilities located in China (glass, plastic and paperboard), Vietnam (glass and metal), Malaysia (flexibles, plastic films, woven bags, industrial laminates and a packaging research center), Australia (plastics and trading) and New Zealand (plastics and trading). It has over three glass manufacturing facilities in the Philippines and approximately one glass mold plant serving the requirements of the beverage, spirits, food, pharmaceutical, chemical, personal care and healthcare industries. The metal business manufactures metal caps, crowns, resalable caps and two piece aluminum beverage cans for a range of industries that include beer, spirits, soft drinks and food. The plastic business provides plastic crates and pallets, plastic poultry flooring, plastic trays, plastic tubes, plastic consumer and industrial containers, and plastic pails and tubs to domestic and international markets. The PET business produces PET preforms and bottles, plastic caps and handles and offers filling services. Mindanao Corrugated Fibreboard, Inc. (Mincorr), a subsidiary of the Company, supplies the packaging needs of a range of manufacturing and agricultural industries. Through the Rightpak plant and Malaysian plants, the Packaging Group manufactures flexible packaging for the food, beverage, personal care, chemical and healthcare industries.

Energy

The Energy segment is conducted through SMC Global Power Holdings Corp. (SMC Global Power), which is engaged in the Philippine power generation industry. SMC Global Power administers over three power plants, located in Sual (coal), Ilijan (natural gas) and San Roque (hydroelectric), with a combined capacity of approximately 2,545 megawatts. SMC Global Power Holdings Corp. and its subsidiaries include San Miguel Energy Corporation and subsidiaries, South Premiere Power Corp., Strategic Power Devt. Corp., San Miguel Electric Corp., SMC PowerGen Inc., PowerOne Ventures Energy Inc., Albay Power and Energy Corp., SMC Consolidated Power Corporation and San Miguel Consolidated Power Corporation.

Fuel and Oil

The Company's Fuel and Oil segment operates its fuel and oil business through Petron. Petron involves refining of crude oil and marketing and distribution of refined petroleum products mainly in the Philippines and Malaysia. Petron is an integrated oil refining and marketing company in the Philippines. Petron participates in the reseller (service station), industrial, lube and liquefied petroleum gas (LPG) sectors. In addition, Petron is engaged in the nonfuels business through its billboards and locators. Petron owns and manages an oil distribution infrastructure in the Philippines with over 30 depots, terminals and airport installations and approximately 2,200 retail service stations and over 10 product terminals and approximately 560 retail service stations in Malaysia. Petron also exports various petroleum products and petrochemical feedstock, including naphtha, mixed xylene, benzene, toluene and propylene, to customers in the Asia-Pacific region. Petron owns and operates a petroleum refining complex located in Limay, Bataan.

Infrastructure

The Company's Infrastructure segment is conducted through San Miguel Holdings Corp. (SMHC), which consists of investments in companies that hold long-term concessions in the infrastructure sector in the Philippines. Its operating tollroads include the South Luzon Expressway (SLEX), Skyway Stage 1 and 2, the Southern Tagalog Arterial Road (STAR) and the Tarlac-PangasinanLa Union Toll Expressway (TPLEX) tollways. The Company's tollroad projects are the NAIA Expressway (NAIAx) and the Skyway Stage 3. It also operates Boracay Airport. In addition, it has the concession right to construct, operate and maintain the Mass Rail Transit Line 7 (MRT-7).

Telecommunications

The Company, through its subsidiary, Vega Telecom Inc. (Vega), owns interest in Liberty Telecoms Holdings, Inc. (LTHI), a telecommunications carrier offering data communications and data connectivity services. BellTel offers a package of services, including local and long distance telephony, high-speed data connectivity and Internet.

The Company competes with Asia Brewery, Inc., The Coca-Cola Company, Pepsi-Cola Products Philippines, Asiawide Refreshments Corporation, Universal Robina Corporation (URC), Del Monte Philippines, Nestle Philippines, Emperador Distillers Inc., Tanduay Distillers Inc., Gilbey's, Absolut, Pilmico Foods Corporation, Univet Nutrition and Animal Healthcare Company, URC, Charoen Pokphand Foods, New Hope Group, Bounty Fresh Foods Inc., Bounty Agro Ventures, Inc., Gama Foods Corp., the Charoen Pokphand Group, Robina Farms, Foremost Farms, Philippine Foremost Milling Corporation, Foodsphere, Inc., Virginia Foods, Inc., Century Pacific Food Inc., Mekeni Food Corporation, Frabelle Food Corp., New Zealand Cremery, Inc., RFM Corporation, San Pablo Manufacturing, AD Gothong Manufacturing, Mondelez Philippines, Inc., Unilever-RFM, Tridharma Marketing Corp., Goldshine Pharmaceuticals, Inc., Ayala Land Premier, Brittany, Cathay Land, Eton Properties, Camella Homes, Megaworld Corp., Suntrust Properties, Inc., Profriends, Inc., Amaia Land, Picar Development, Inc., Asia Landbest, Inc., Rockwell Land, Inc., Lopez Group, Aboitiz Group, the Philippine Long Distance Telephone Company and Globe Telecommunications, Inc.

Company Address

San Miguel Corp

40 San Miguel Avenue, Metro Mani
Manila Central Post Office
P.O.: Box 271
MANDALUYONG     1550
P: +632.6323000
F: +632.6323099

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