San Miguel Power Holdings



San Miguel Corporation is one of the Philippines? largest and most diversified conglomerates, generating about 6.2% (as of 2014) of the country?s gross domestic product through its highly integrated operations in beverages, food, packaging, fuel and oil, power and infrastructure. San Miguel is one of the nation?s largest employers, with a direct workforce of about 18,000 employees. For each job created within the San Miguel system, many additional jobs are created through suppliers, distributors, retailers and other business partners. Established in 1890 as a single brewery in the Philippines under La Fabrica de Cerveza de San Miguel was Southeast Asia's first brewery, which produced and bottled what would eventually become one of the best-selling beers in the region and among the top beer brands in the world. San Miguel has since expanded to produce a wide range of popular beverage, food and packaging products, which have?for over a century?catered to generations of consumers' ever changing tastes. In recent years, San Miguel has added in its portfolio additional market-leading businesses and investments in the Philippines? fuel and oil, power, infrastructure, telecommunications and banking industries. San Miguel is now a majority owner of Petron Corporation, a major player in the Philippines and Malaysian downstream oil markets. It is the market leader in the Philippines in terms of sales volume in the retail, industrial and LPG market segments and runs the largest integrated oil refinery in the Philippines with a vast network of depots, and retail service stations. San Miguel has also built a power company with a full spectrum of three Independent Power Producer Agreement contracts and also runs a cogeneration power plant, with a total capacity of 2,685 MW, accounting for 22% of the Luzon grid and 17% of the national grid. San Miguel has also invested in the infrastructure business with current portfolio that includes the Tarlac-Pangasinan-La Union Expressway, South Luzon Expressway, Skyway 1, 2 and 3, Star Tollway, NAIA Expressway, Boracay Airport and MRT7 project. The company's manufacturing and trading operations are mostly located in the Philippines, but also extend to Hong Kong, China, Indonesia, Vietnam, Thailand, Malaysia and Australia. Through strategic partnerships it has forged with major international companies, San Miguel has gained access to managerial expertise, international practices and advanced technology, thereby enhancing its performance and establishing itself as a world-class company. San Miguel?s partners are world leaders in their respective businesses. Kirin Brewery Co., Ltd. is a major shareholder of San Miguel Brewery. The Company also has successful joint venture relationships with Nihon Yamamura Glass and US-based Hormel Foods Corporation. San Miguel follows five key corporate strategies aimed at creating value for its shareholders:-Enhance the value of core businesses-Diversify into industries that underpin the growth of the Philippine economy-Identify and pursue synergies within and among businesses-To invest in and develop businesses in which the company can be a significant player-Adopt world-leading practices and joint development of businesses-With San Miguel well-entrenched in the Philippine economy, it maintains as its pillars a diversified portfolio of market-leading businesses, an experienced and competent management team, a culture of excellence and cooperation in its employees, and a vision of improving the lives of each Filipino.

Sector: Oil & Energy


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