San Miguel : SMC - Press Release dated 10Nov2017

C06813-2017

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

   Nov 10, 2017

2. SEC Identification Number

   PW-277

3. BIR Tax Identification No.

   000-060-741-000

4. Exact name of issuer as specified in its charter

   SAN MIGUEL CORPORATION

5. Province, country or other jurisdiction of incorporation

   Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

   40 San Miguel Avenue, Mandaluyong City, Metro Manila, Philippines

   Postal Code

   1550

8. Issuer's telephone number, including area code

   (632) 632-3000

9. Former name or former address, 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

    Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
    SMC	2,382,265,715
    SMCP1	279,406,667
    SMC2B	90,428,200
    SMC2C	255,559,400
    SMC2D	89,333,400
    SMC2E	134,000,100
    SMC2F	223,333,500
    SMC2G	66,666,600
    SMC2H	164,000,000

    SMC2I

    169,333,400

11. Indicate the item numbers reported herein

Item 9

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, 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.

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules

Filed on behalf by:

s•SAN MIGUEL CORPORATION

The Philippine Stock Exchange, Inc.

Disclosure Department

3rd Floor, Tower One and Exchange Plaza Ayala Triangle, Ayala Avenue

Makati City

November 10, 2017

Attention: Mr. Jose Valeriano B. Zuno Ill

OIC-Head, Disclosure Department

..

Gentlemen:

Enclosed is a copy of our press statement entitled "SMC revenues for 151 nine months up to 20% to P597 billion, new F&B unit makes up more than 30% of end-Sept results".

Very truly yours ,

FER INAND K. CONSTANTINO

Corporate Information Office;v.,.

40 SAN MIGUEL AVENUE, MANDALUYONG CITY, 1550 METRO MANILA , PHILIPPINES TEL. NO. (632) 632-3000

News Release

SMC CORPORATE AFFAIRS OFFICE

40 San Miguel Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

November 10, 2017

I

SAN MIGUEL CORPORATION

San Miguel Corporation's revenues rose 20% to P597.0 billion for the first nine-months of the year on higher sales mainly from its core food, beverages, and packaging businesses.

Consolidated recurring net income excluding the effect of foreign exchange translation and the one-time gain from the sale of its telecommunications business last year, amounted to P43.8 billion, 21% higher than last year's P36.3 billion.

Consolidated operating income reached P82.8 billion, 13% higher than last year, the result of sustained sales growth across its businesses and a group­ wide execution of an effective fixed cost management strategy. Consolidated EBITDA reached P108.8 billion, 13% higher than the previous year.

FOOD AND BEVERAGE

Recently, SMC announced a plan that would consolidate all its traditional food and beverage businesses under a holding company through a share swap that is seen to result in significant synergies and unlock the value of units under it.

Combined revenues of the consolidated units for the period in review -San Miguel Brewery, Ginebra San Miguel and San Miguel Pure Foods -amounted to P180 billion, up 11%, making up a significant 30% of SMC's total revenues.

Operating income of the new F&B company rose 17% to P29.1 billion while earnings grew 21% to P19.55 billion.