CEO OF THE YEAR AWARDEE
He transformed San Miguel in ways no one could imagine or have done better. No Philippine company or conglomerate has transformed itself so dramatically and radically in the last half decade as has San Miguel Corp.
Even while growing and strengthening its core businesses like beer, foods, and packaging, SMC went into petroleum refining and marketing, power generation, infrastructure, airports, mining, mass transit, and airlines.
RSA transformed the business of utilities, power generation and infrastructure building with SMC moving into these businesses far ahead of the others.
The impact of San Miguel’s acquisitions and investments was spectacular.
San Miguel assets ballooned 3.45 times from P339.37 billion in 2008 to P1,170 billion (P1.17 trillion) in 2013, sales rose 4.32 times from P183.4 billion to P792.45 billion, equity expanded 2.2 times from P168 billion to P365.77 billion, and annual profits increased 2.6 times from P19.34 billion a year in 2008 to P50.72 billion last year. If reckoned from end- 2007, profits actually expanded 5.8 times, from P8.63 billion to P50.7 billion in six years.
Under RSA , SM C revenues were doubling every 24 months while assets were doubling every 2.5 years.
In the first nine months of 2014, SMC net sales rose 10 percent to P598.7 billion, income from operations 2 percent to P46.7 billion, net income attributable to equity holders of the parent company 74 percent to P13.2 billion, and EBITDA by 8 percent to P67.2 billion.
Today, San Miguel is the Philippines’ fastest-growing conglomerate, the largest in assets and annual revenues, and one of the most profitable.
SMC is No. 1 in beer (90 percent of the market), No. 1 in expressways and tollways (70 percent share), No. 1 in the world in gin, No. 1 in branded food products (through 85.37 percent-owned San Miguel Pure Foods Co.), No. 1 in packaging (aluminum can is its latest business) and No. 1 in power generation with 22 percent of installed power generation in Luzon and 17 percent of the national grid.
SMC has become more relevant to the national economy and is better able to meet the basic needs of the Filipino, even while raising the profile of the Philippine enterprise abroad as a world- class and excellent operation.
SMC sales are equivalent to 6.5 percent of the Philippine gross domestic product (GDP). The company employs 18,000 and operates more than 100 factories or production facilities in the Asia Pacific.