Inve stor Inve stor Pr e se ntation Pr e se ntation Q1 F Y2008 - PowerPoint PPT Presentation

Inve stor Inve stor Pr e se ntation Pr e se ntation Q1 F Y2008 Q1 F Y2008

Financial Highlights Financial Highlights Financial Highlights Financial Highlights Net Sales (in PhP M) EBIT Branded Consumer Foods Q1 FY 2007 Q1 FY 2008 YoY Q1 FY 2007 Q1 FY 2008 YoY Domestic 4,938 5,932 +20% 475 659 +39% International 1,862 2,020 +8% (37) (38) (3%) Packaging 308 364 +18% (29) (7) +76% Agro-Industrial Farms, Animal Feeds 1,354 1,494 +10% 166 135 (19%) & Medicine Commodity Food Flour and Sugar (Net) 737 1,049 +42% 261 302 +16% Corporate charges (106) (219) (134) (-68%) 9,199 10,859 +18% 729 917 +26% URC TOTAL 768 886 +15% CORE EARNINGS

Financial Highlights Financial Highlights BCF Dome stic re ve nue bre a kdown (Php M) BCF Dome stic E BIT bre a kdown (Php M) YoY YoY Q1 F Y 2007 Q1 F Y 2008 Q1 F Y 2007 Q1 F Y 2008 Growth Growth Sna c kfoods 337 501 +49% Sna c kfoods 2,887 3,508 +22% 104 139 +34% 1,196 1,497 +25% Be ve ra g e Be ve ra g e Groc e ry 650 682 +5% Groc e ry 26 32 +23% Othe rs 205 245 +20% Othe rs 8 (13) (167%) T OT AL 4,938 5,932 +20% T OT AL 475 659 +39% Note : E xc lude s pac kaging

Philippine sna c kfood a nd be ve ra g e s ma rke t Cho c o la te s +7% I so to nic drinks +50% So ft/ Ha rd Ca ndie s +6% 3-in-1 c o ffe e +49% Sna c ks +5% T e a +41% Bisc uits +0% E ne rg y drinks +20% RT E – Be a ns +0% Pa c ka g e d wa te r +11% I nsta nt No o dle s -1% Re a dy to drink – Co ffe e +10% T o ma to Sa uc e -10% Ca rb o na te d so ft drink +5% Re a dy to drink – Juic e +4% Sour c e : AC Nie lse n Cate gor y T r e nd Sur ve y – MAT Nov 2007; volume gr owth Dome stic sale s sur ging; be ve r age gr owth c ontinue s BCFG Domestic Sales C2 sales volume (‘000 liters) 2200 14000 2000 12000 10,652 (PhP millions) 1800 10000 1600 8000 6000 1400 4000 1200 2000 1000 0 5 6 7 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 4 4 4 5 5 5 6 6 6 7 7 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - - - - - - - - - r r r n p c n p c n p c n p c a a a u e u e u e e e e e u e M M M J S D J S D J S D J S D FY2008 FY2007 FY2006

Financial Highlights Financial Highlights BCF Inte rna tiona l E BIT (US$ ‘000) BCF Inte rna tiona l re ve nue s (US$ ‘000) YoY YoY Q1 F Y 2007 Q1 F Y 2008 Q1 F Y 2007 Q1 F Y 2008 Gr owth Gr owth T hailand 19,483 24,115 +24% T hailand 1,814 1,837 +1% Ma la ysia / Ma la ysia / 6,564 8,142 +24% 213 119 (44%) Singapor e Singapor e 6,667 5,809 (13%) (165) (634) (284%) Indone sia Indone sia China / HK 3,256 4,804 +48% China / HK (1,545) (1,400) +9% Vie tnam 1,474 4,061 +176% Vie tnam (1,070) (769) +28% Inte r national 37,444 46,931 +25% Inte r national (753) (847) (12%) Malaysia • #1 compound chocolates • #1 potato chip brand Thailand • #1 in wafers & biscuits Singapore • #1 potato chip brand

Financial Highlights Financial Highlights Ag ro- Industria l Re ve nue s (Php M) YoY Q1 F Y 2007 Q1 F Y 2008 Growth 630 683 +8% F e e ds F a rms 724 811 +12% T OT AL 1,354 1,494 +10% Agro- Industrial E BIT (Php M) YoY Q1 F Y 2007 Q1 F Y 2008 Growth URC F e e ds • Rising c o sts o f inputs suc h a s c o rn F e e ds 88 64 (27%) a nd fe e d whe a t F a rms 78 71 (9%) URC F a rms T OT AL 166 135 (19%) • Hig he r pric e s c a use d b y lo we re d supply due to dise a se o utb re a ks

Financial Highlights Financial Highlights Commodity Re ve nue s (Php M) YoY Q1 F Y 2007 Q1 F Y 2008 Growth F lour 941 1,280 +36% 426 495 +16% Sug a r SUBT OT AL 1,367 1,775 +30% L e ss T ra nsfe rs (630) (726) +15% T OT AL 737 1049 +42% URC Sug a r • Mill e xpa nsio n finishe d in time fo r Commodity E BIT (Php M) 2008 milling se a so n • PASSI sug a r mill a c q uire d in Oc to be r YoY Q1 F Y 2007 Q1 F Y 2008 Growth URC F lo ur F lour 96 139 +45% • Whe a t pric e s inc re a sing wo rldwide Sug a r 165 163 (1%) 261 302 +16% T OT AL

Financial Highlights Financial Highlights Balanc e She e t 3 Mos F Y2007 Gross De bt a nd Ca sh (Php M) Q1 F Y2007 F Y 2006 BAL ANCE SHE E T F Y2008 Ca sh a nd Ca sh E q uiva le nts 19,669 21,592 25,000 21,592 Othe r Curre nt Asse ts 13,536 11,746 19,669 18.831 20,000 18.977 Pro pe rty Pla nt a nd E quipme nt – ne t 22,504 22,267 Othe r no n-c urre nt Asse ts 3,162 3,068 15,000 T OT AL ASSE T S 58,871 58,674 10,000 Curre nt L ia bilitie s 15,328 14,162 No nc urre nt L ia bilitie s 8,828 9,516 5,000 T OT AL L IABIL IT IE S 24,156 23,678 0 Re ta ine d E a rning s 20,545 20,300 FY2007 3M FY2008 Othe r E q uity 14,170 14,696 Cash, Mkt. Securities, Temp. Investments T OT AL E QUIT Y 34,715 34,996 Gross Debt

EXPECTATIONS IN 2008 EXPECTATIONS IN 2008 Corpora te • Pa y o ff URC 08 b o nd • Co ntinue 50% divide nd pa y-o ut po lic y • Pursue M&A tha t will a dd va lue to the c o mpa ny • Ca pita l e xpe nditure s o f a bo ut P3 billio n in F Y2008 • Sto c k b uy-b a c k pro g ra m E xpe c ta tions • Po sitive tre nds in do me stic BCF G to c o ntinue , e spe c ia lly in sna c kfo o ds • F urthe r re c o ve ry in inte rna tio na l vo lume s, pa rtic ula rly in T ha ila nd a nd Vie tna m • Go o d vo lume s b ut ma rg in pre ssure in flo ur, fe e ds, a nd fa rms; ma rg in re c o ve ry to wa rds the se c o nd q ua rte r o f the fisc a l ye a r • F Y2008 re ve nue g ro wth o f 10%, with E BI T g ro wing in the mid-te e ns

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