notes: FB/SAN MIGUEL FOOD AND BEVERAGE, INC.

20 JUL 2018

the first quarter 2018 net incomes of:
San Miguel Beer: 5.672 B
Ginebra San Migue: 255 M
PureFoods: 1.361 B
1Q 2018 Total: 7.288 B
x 4
Working total net income 2018:  29.152 B
outstanding shares: 5.909 B
Earnings per Share: 4.93

at 62 pesos: P/E 12.57 x
at 65 pesos: P/E 13.18 x
at 70 pesos: P/E 14.2 x
at 75 pesos: P/E 15.21 x
at 79 pesos: P/E 16.02 x
at 100 pesos: P/E 20.28 x