ANNEX “D”

SAN MIGUEL CORPORATION

2020
PRINCIPAL PROPERTIES
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
FOOD AND BEVERAGE BUSINESS
1 SAN MIGUEL BREWERY, INC.
A. DOMESTIC
Head Office
Office Space 40 San Miguel Ave., Mandaluyong City Owned Good
Production Facilities
Polo Brewery Marulas, Valenzuela City, Metro Manila Owned Good
San Fernando Brewery Brgy. Quebiawan, McArthur Highway, San Fernando, Owned Good
Pampanga
Sta. Rosa Bottling Plant Sta. Rosa Industrial Complex, Brgy. Pulong Sta. Cruz, Owned Good
Sta. Rosa, Laguna
Bacolod Brewery Brgy. Granada, Sta. Fe, Bacolod City, Negros Owned Good
Occidental
Mandaue Brewery National Highway, Brgy.Tipolo, Mandaue City Owned Good
Davao Brewery Brgy. Darong, Sta. Cruz, Davao del Sur Owned Good
Cagayan de Oro Brewery Sta. Ana, Tagoloan, Misamis Oriental Building & Facilities- Good 1,230,428.97 March 25, 2028 The lease may be renewed for a period of
Owned; Land-Rented 25 years upon such terms and conditions
mutually agreed upon by the parties

Sales/Area Offices and Warehouses

San Fernando Region Office SMC Complex, Brgy. Quebiawan, McArthur Highway, Owned Good
San Fernando, Pampanga
Carmen Sales Office Carmen East, Rosales, Pangasinan Owned Good
Dagupan Sales Office Caranglaan Dist., Dagupan City, Pangasinan Owned Good
Naguilian Road, San Carlos Heights, Brgy. Irisan, Owned Good
Baguio Sales Office Baguio City, Benguet
Pennsylvania Ave., Brgy. Madayegdeg, San Fernando, Owned Good
Carlatan Sales Office La Union
Cauayan Sales Office Brgy. San. Fermin, Cauayan, Isabela Owned Good
Santiago Sales Office National Road, Brgy. Mabini, Santiago City, Isabela Owned Good
San Andres St., San Angelo Subdivision, Sto. Domingo, Owned Good
Region Office (Angeles Sales Office) Angeles City, Pampanga
Region Office Brgy. 22, San Guillermo, San Nicolas, Ilocos Norte Owned Good
Central North Luzon Area Brgy. Tablac, Candon City, Ilocus Sur Owned Good
Central North Luzon Area Maharlika Highway, Brgy. Sta Maria, Lallo, Cagayan Owned Good
Guiguinto Sales Office Cagayan Valley Rd., Brgy. Sta. Cruz, Guiguinto, Owned Good
Bulacan
San Isidro Sales Office Gapan-Olongapo Rd., Poblacion San Isidro, Nueva Owned Good
Ecija
Caloocan Sales Office A. Cruz St., Brgy. 96, Caloocan City Owned Good
Tondo Sales Office Honorio Lopez Blvd., Guidote St., Tondo, Manila Owned Good
Cubao Sales Office Brgy. Mangga, Cubao , Quezon City Owned Good
Portion of Tondo Sales Office portion of Tondo S.O. - Buendia cor. Guidote St., Tondo Owned Good
Manila
Novaliches Sales Office Novaliches S.O. - Quirino Highway, Brgy. Kaligayahan, Owned Good
Novaliches, Quezon City, Metro Manila
Pureza Sales Office Brgy. 425, Zone 43, Sampaloc District, Manila Owned Good
Sta. Ana Sales Office M. Carreon St., Brgy. 864, Sta. Ana District, Manila Owned Good
Taytay Sales Office Manila East Rd., Brgy. Dolores, Taytay, Rizal Owned Good
Sucat Sales Office Dr. A. Santos Ave., Bgy. San Dionisio, Parañaque City Owned Good

Parañaque Sales Office No. 100 Bernabe Subd., Brgy. San Dionisio, Sucat, Owned Good
Parañaque City, Metro Manila
Page 1
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Canlubang Sales Office Silangan Exit, Canlubang, Calamba City, Laguna Owned Good
Lucena Sales Office Maharlika Highway, Brgy. Isabang, Lucena City, Quezon Owned Good

Gumaca Sales Office Maharlika Highway, Brgy. Villa Bota, Gumaca, Quezon Owned Good

Naga Sales Office Maharlika Highway, Brgy. Concepcion Grande Pequeña, Owned Good
Naga City, Camarines Sur
Puerto Princesa Sales Office Brgy. Mandaragat, Puerto Princesa City, Palawan Owned Good
San Jose Sales Office Aurora Quezon and Calderron St., Brgy. Labangan, San Owned Good
Jose, Occidental Mindoro
Batangas Sales Office National Rd., Brgy. Balagtas, Batangas City, Batangas Owned Good

South Luzon Area Ayala Highway, Brgy. Balintawak, Lipa City, Batangas Owned Good

Bacolod Region Office (Bacolod Sales Brgy. Granada, Sta. Fe, Bacolod City, Negros Owned Good
Office) Occidental
Iloilo Sales Office Muelle Loney St., Brgy. Legaspi, Iloilo City Owned Good
Himamaylan Sales Office National Hi-way, Brgy. 4, Himamaylan City, Negros Owned Good
Occidental
Negros Flores St., Brgy. Sum-Ag, Bacolod City, Negros Owned Good
Occidental
Numancia Sales Office Brgy., Camansi Norte, Numancia, Aklan Owned Good
Roxas Sales Office Brgy. Libas, Roxas City, Capiz Owned Good
IGBR Region Office Meliza St. Brgy. Zamora, Iloilo City Owned Good
CV North & South Region Offices National Highway, Brgy. Tipolo, Mandaue City Owned Good
Region Office Brgy. Darong Sta. Cruz, Davao del Sur Owned Good
Region Office (Davao SO) National Highway, Bgy. Ulas, Talomo, Davao City Owned Good
Rented Out/Region Office National Highway, Brgy. Magugpo, Tagum City Owned Good
Mindanao Sergio Osmeña, Brgy. Poblacion, Koronadal City Owned Good
Rented Out/Region Office National Highway, Brgy. Lagao, Gen. Santos City Owned Good
Opol Sales Office National Highway, Brgy. Luyong Bonbon, Opol, Misamis Owned Good
Oriental
Zamboanga Sales Office R.T. Lim Blvd., Baliwasan, Zamboanga City Owned Good
Mindanao Brgy. Bongtod, Tandag City, Surigao del Sur Owned Good
Mindanao J.P. Rizal Ave., Poblacion, Digos City Owned Good
Butuan Sales Office R. Calo St., Fort Poyohan, Butuan City Owned Good
Cabanatuan Sales Office Cabanatuan S.O. - No. 140 Duran Compound, Land & Building-Rented Good 82,104.58 January 31, 2022 Renewable upon mutual agreement of
Maharlika Highway, Brgy. Bitas, Cabanatuan City both parties.
Region Office Region Office - #578 P. Burgos St. Cabanatuan City, Land & Building-Rented Good 35,240.63 May 31, 2021 Renewable upon mutual agreement of
Nueva Ecija both parties
Warehouse Barangay Sta. Rita, Guiguinto, Bulacan Warehouse Parking Good 349,025.00 May 31, 2024 Renewable upon mutual agreement of
space - rented both parties
Valenzuela Sales Office Valenzuela S.O. - Bldg. 23 Plastic City Cpd., #8 T. Land, Warehouse and Good 305,870.53 April 30, 2021 Renewable upon mutual agreement of
Santiago St., Brgy. Canumay, Valenzuela City, Metro Open Space-Rented both parties
Manila
Valenzuela Sales Office Valenzuela S.O. - Bldg. 24 & 25 Plastic City Cpd., #8 T. Land, Warehouse and Good 185,678.57 April 30, 2021 Renewable upon mutual agreement of
Santiago St., Brgy. Canumay, Valenzuela City, Metro Open Space-Rented both parties
Manila
Warehouse (Balintawak Sales Office) Kaingin Rd., Brgy. Apolonio Samson, Balintawak, Land, Warehouse and Good 780,995.00 August 31, 2022 Renewable upon mutual agreement of
Quezon City Open Space-Rented both parties

Page 2
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Warehouse 685 Tandang Sora Ave., Quezon City Warehouse-Rented Good 118,571.43 May 30, 2021 The Contract is subject to renewal or
extension under such terms and conditions
as may mutually agreed upon between the
parties in writing.
Pasig Sales Office Pasig S.O. - Mercedes Ave., Pasig City, Metro Manila Land & Warehouse- Good 1,082,812.50 December 31, 2021 Renewable upon mutual agreement of
Rented both parties
Masbate Sales Office Bgy. Pinamarbuhan, Mobo, Masbate Land, Warehouse and Good 185,850.00 March 31, 2021 Renewable upon mutual agreement of
Open Space-Rented both parties
Legazpi Sales Office Legazpi S.O. - Tahao Street, Bgy. Gogon, Legaspi City, Warehouse, Office & Good 304,920.00 December 31, 2021 Renewable upon mutual agreement of
Bicol Open Space-Rented both parties
Dasmariñas Sales Office Dasmarinas S.O. - Brgy. Langkaan II, Governors Drive, Warehouse-Rented Good 455,625.00 January 31, 2022 Renewable upon mutual agreement of
Dasmarinas, Cavite both parties
Bacoor Sales Office Bacoor S.O. - Tirona Highway, Habay 1, Bacoor, Cavite Warehouse-Rented Good 346,987.50 March 31, 2021 Renewable upon mutual agreement of
both parties
Bulan Sales Office Bulan S.O. - T. de Castro St., Zone 8, Bulan, Sorsogon Warehouse-Rented Good 128,100.00 October 31, 2021 Renewable upon mutual agreement of
both parties
Pila Sales Office Pila S.O. - Brgy. Bulilan Norte, National Highway, Pila, Warehouse-Rented Good 267,857.14 September 30, 2021 Renewable upon mutual agreement of
Laguna both parties
Dumaguete Region Office Dumaguete Region Office - Brgy. Pulang Tubig, Land & Land Good 74,529.00 December 31, 2024 Renewable at the option of the lessee
Dumaguete City Improvement-Rented
Dumaguete Sales Office Dumaguete S.O. - Brgy. Pulang Tubig, Dumaguete City Warehouse-Rented Good 110,250.00 September 30, 2023 Renewable upon mutual agreement of
both parties
Iloilo Sales Office Brgy. Pagduque, Dumanas, Iloilo Warehouse-Rented Good 325,968.00 June 15, 2024 Renewable upon mutual agreement of
both parties
Catbalogan Sales Office Samar Region Office - San Bartolome St., Catbalogan, Warehouse, Office Good 187,000.00 November 30, 2031 Renewable upon mutual agreement of
Samar Space & Open Space- both parties
Rented
Tagbilaran Sales Office Tagbilaran S.O. - Tomas Cloma Ave., Taloto District, Warehouse-Rented Good 75,000.00 October 31, 2022 Renewable upon mutual agreement of
Tagbilaran City, Bohol both parties
Tacloban Sales Office/Region Office Fatima Village, Tacloban City, Leyte Portion of Land- Good 243,705.27 May 31, 2024 Renewable upon mutual agreement of
Rented/Portion of Land- both parties
Owned
Caraga Region Office 715 Molave St., Guingona Subd. Butuan City, Agusan Land & Land Good 115,473.09 August 31, 2025 Renewable upon mutual agreement of
del Norte Improvement-Rented both parties
Region Office Brgy. Aguada, Ozamiz City Building-Rented Good 99,825.00 July 31, 2022 Renewable upon mutual agreement of
both parties
Iligan Sales Office Iligan S.O. - Pandan, Sta. Filomena, Iligan City Warehouse-Rented Good 62,500.00 September 30, 2022 Renewable upon mutual agreement of
both parties
Liloy Sales Office Liloy S.O. - Baybay, Liloy, Zamboanga del Norte Warehouse-Rented Good 44,642.86 September 30, 2022 Renewable upon mutual agreement of
both parties
Dipolog Sales Office Dipolog S.O. - Sta. Filomena, Dipolog City Warehouse-Rented Good 50,892.86 September 30, 2022 Renewable upon mutual agreement of
both parties
Terminal
Bataan Malt Terminal (land, building, Mariveles, Bataan Building & Facilities- Good 661,029.65 April 30, 2025 Renewable upon mutual agreement of
machineries & equipment, furnitures & Owned; both parties
fixtures) Land-Rented

Page 3
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Investment Properties Brgy. Estefania, Bacolod City (9 lots) Owned Good
No. 31 Rosario St., Brgy. Granada, Bacolod City Owned Good
Brgy. Penabatan, Pulilan, Bulacan Owned Good
L26 B11, Brgy. Sto.Domingo, Sta.Rosa, Laguna Owned Good
Jaro, Iloilo (2 lots) Owned Good
Barrio of Tinajeros, Malabon City (2 lots) Owned Good
Bo. of San Jose and Poblacion Cabanatuan City (3 lots) Owned Good

Barrio of Mallorca,San Leonardo.Nueva Ecija (2 lots) Owned Good

Poblacion,San Leonardo,Nueva Ecija Owned Good
Lot 5009 Imus Estate,Imus Cavite Owned Good
Imus Friar,Imus, Prov. of Cavite (2 lots) Owned Good
Lot 5159 Poblacion, Imus Prov. Of Cavite Owned Good
Barrio of San Rafael & San Roque (2 lots) Owned Good
Bo. Of Pob. 2nd Municipality of Tarlac (2 lots) Owned Good
71-B-3-B-4 Barrio Suizo Municipality of Tarlac Owned Good
Bgy. Paringao, Municipality of Bauang, La Union Owned Good
Bo. Mabilao, San Fabian, Pangasinan (4 lots) Owned Good
B. INTERNATIONAL
Breweries
San Miguel Beer (Thailand) Ltd. 89 Moo2, Tiwanon Rd., Baan Mai, Muang , Pathumtani Owned Good
12000, Thailand
PT Delta Djakarta Tbk Jalan Inspeksi Tarum Barat Desa Setia Darma Tambun Owned Good
Bekasi Timur 17510, Indonesia
San Miguel (Guangdong) Brewery San Miguel Road 1#, Longjiang Town, Shunde District, Owned Good
Co.,Ltd Guangdong Province, China
San Miguel (Baoding) Brewery Co. Ltd. Shengli street, Tianwei West Road, Baoding City, Hebei Owned Good
Province, China
San Miguel Brewery Vietnam Ltd. Quoc Lo 1 , Suoi Hiep , Dien Khanh , Khanh Hoa Owned Good
San Miguel Brewery Hong Kong Limited 22 Wang Lee Street, Yuen Long Industrial Estate, Yuen Building-Owned; Land- Good HKD 251,898.00 2047 No renewal options
Long, New Territories, Hong Kong Rented
Sales/Area Offices and Warehouses
Guangzhou San Miguel Brewery Co. Ltd.
Shantou Sales Office Room 803 and Room 804, Underground Parking, Owned Good
Huamei Garden, Shantou City
Shunde Sales Office No.1 San Miguel Avenue，Longjiang Town，Shunde Owned Good
District，Foshan City，Guangdong，PRC
San Miguel (China) Investment Co. Ltd. 1-7A, 1-11A, 1-12A, 1-9C, 1-7C Parkview Tower Owned Good
Chaoyang District Beijing 100027, China
San Miguel Baoding Brewery Company Limited
San Miguel Baoding Brewery 4-3-102, 4-3-202, 4-3-302 JiXing Yuan, Baoding City Owned Good
Company Limited
San Miguel Baoding Brewery JinXia Villa, Baoding City, Hebei Province, China Owned Good
Company Limited
San Miguel Brewery Hong Kong Limited 9th Floor, Citimark Building , No.28 Yuen Shun Circuit, Land-Rented Good HKD 31,229.00 2047 No renewal options
Siu Lek Yuen, Shatin, NT, Hong Kong
San Miguel Brewery Hong Kong Limited San Miguel Industrial Building, No. 9-11 Shing Wan Land-Rented Good HKD 16,832.00 2047 No renewal options
Road, Tai Wai, Shatin, NT, Hongkong

Page 4
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
San Miguel (Guangdong) Brewery
Co.,Ltd
San Miguel (Guangdong) Longjiang, Industrial Estate, Shunde District, Land-Rented Good Entire rent paid at the start May 01, 2053 For renewal at the expiry date.
Brewery Co.,Ltd Guangdong Province of lease term
Guangzhou Admin Office Room 702, No. 98, South East Road, Yuexiu District, Office Space-Rented Good RMB 69,243.40 January 04, 2021 At the end of contract, in the same
Guangzhou, Unit A and unit B condition, we have the priority right of
renewal, lease and rent will be discussed
by both parties .
Dongguan Sales Office No. 1805, building 3, Grape Manor, No.9 Jinao Avenue, Office Space-Rented Good RMB 3,300.00 November 29, 2021 At the end of contract, in the same
Xincheng District, Wanjiang District, Dongguan city condition, we have the priority right of
renewal, lease and rent will be discussed
by both parties .
Shenzhen Sales Office Kaijiada building, no. 1 industrial park road, dalang Office Space-Rented Good RMB 4,300.00 November 29, 2021 At the end of contract, in the same
street office, longhua district, shenzhen city condition, we have the priority right of
renewal, lease and rent will be discussed
by both parties .
Zhongshan Sales Office Qijiang Road,Shaxi District, Zhongshan City, China Leased Good CNY 1,500.00 November 29, 2021 At the end of contract ,in the same
condition, We have the priority right of
renewal, lease and rent will be discussed
by both parties.
San Remo Taiwan (SRT)
San Miguel Company Ltd. 3F-3, No.167, Fusing N. Rd., Taipei, Taiwan (ROC) Office Space-Rented Good NT$140,000.00 April 15, 2022 For renewal at the end of contract.
Taiwan Branch-Taipei
San Miguel Company Ltd. No.305-6, Renlin Rd., Renwu Dist., Kaohsiung City 814, Office Space-Rented Good NT$58,000.00 December 31, 2022 Renewable upon mutual agreement of
Taiwan Branch-Kaohsiung Taiwan (R.O.C.) both parties
San Miguel Company Ltd. No.159, Shuwang Rd., Dali Dist., Taichung City 412, Office Space-Rented Good NT$37,143.00 December 30, 2022 Renewable upon mutual agreement of
Taiwan Branch-Taichung Taiwan (R.O.C.) both parties
San Miguel Company Ltd. No. 34-88, Dahu Rd., Guishan Dist., Taoyuan City 333, Office Space-Rented Good depends on how much December 31, 2021 Renewable upon mutual agreement of
Taiwan Branch-North Region Taiwan (R.O.C.) space we use both parties
Warehouse
San Miguel China Investment Company Room 701, Tower 1, Xiaoyun Center, Xiaguangli, No. 15 Office Space-Rented Good RMB 23,000.00 September 23, 2021 Renewable upon mutual agreement of
Limited Chaoyang District, Beijing China 100026 both parties
San Miguel Baoding Brewery Company Limited
San Miguel Baoding Brewery Shengli Street, Tianwei West Road, Baoding City, Hebei Land-Rented Good Entire rent paid at the start June 01, 2046 Renewable upon mutual agreement of
Company Limited Province, China of lease term both parties
Shijiazhuang Sales Office 1-2-802, Kentongmingdi, Jianshe Road, Shi Jia Zhuang Office Space-Rented Good CNY 1,600.00 March 31, 2021 Renewable upon mutual agreement of
City , Hebei Province, China both parties
San Miguel Marketing Thailand Limited
North sales office North Office 403/5 Lumpoon Road, Wadked , Amphor Office Space-Rented Good THB 13,684.21 December 15, 2021 Renewable upon mutual agreement of
Muang , Lumpoon both parties
South sales office (Phuket) 14/4 Moo 4 , Tambon Wichit Amphor Muang, Phuket Office Space-Rented Good THB 23,157.90 December 31, 2021 Renewable upon mutual agreement of
both parties
South sales office (Samui) 44/38 Moo 1 Tambon Maenam,Amphur Koh Samui Office Space-Rented Good THB 21,052.63 September 30, 2021 Renewable upon mutual agreement of
Suratthani both parties
Northeast sales office 44/50 Moo 3 Chataphadung Rd, Thumbon Naimuang, Office Space-Rented Good THB 11,578.95 December 31, 2021 Renewable upon mutual agreement of
Amphur Muang Khonkean both parties
Pattaya sales office 263/91 Moo 12 Tambon Nongprue Banglamung Office Space-Rented Good THB 25,263.16 February 28, 2021 Renewable upon mutual agreement of
Chonburi both parties

Page 5
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
San Miguel Brewery Vietnam Limited
San Miguel Brewery Vietnam Quoc Lo 1 , Suoi Hiep , Dien Khanh, Khanh Hoa Land-Rented Good VND 7,704,250.00 November 12, 2024 Renewable upon mutual agreement of
Ltd. both parties
Ho Chi Minh Sales Office 180 Nguyen Van Troi Street , Ward 8, Phu Nhuan Office Space-Rented Good USD 5,993.16 April 01, 2021 Renewable upon mutual agreement of
District, Ho Chi Minh City both parties
Da Nang Sales Office 180 2/9 Street, Da Nang City, Vietnam Office Space-Rented Good VND 24,000,000.00 October 05, 2021 Renewable upon mutual agreement of
both parties
Nha Trang Sales Office 308 Thong Nhat street, Phuong Son, Nhatrang, Khanh Office Space-Rented Good VND 22,000,000.00 December 31, 2021 Renewable upon mutual agreement of
Hoa, Vietnam both parties
Ho Chi Minh Warehouse 1500/3C, An Phu Dong Ward, Dist 12, Ho Chi Minh City Warehouse-Rented Good VND 40,000,000.00 April 10, 2021 Renewable upon mutual agreement of
both parties
Vung Tau Office 215/15 Ba Cu Ward 4, Vung Tau City Rented Good VND 5,000,000.00 April 01, 2021 Renewable upon mutual agreement of
both parties
Power Plant
San Miguel Baoding Utility Shengli street, Tianwei west Road, Baoding City ,Hebei Owned Good
Province, China
2 GINEBRA SAN MIGUEL, INC.
A. HEAD OFFICE
3rd and 6th Floors SMPC Bldg., St. Francis Ave.,
GSMI Office Space Owned Good
Ortigas Centre, Mandaluyong City
943,475.44
(September 2019 - August
5th Floor SMPC Bldg., St Francis Ave., Ortigas Center, Renewable upon mutual agreement of
GSMI Office Space Rented Good 2020); 1,009,518.72 August 31, 2021
Mandaluyong City both parties
(September 2020 - August
2021)
B. NORTH LUZON
Plants
GSMI Sta. Barbara Plant (Land and
Tebag West, Sta. Barbara, Pangasinan Owned Good
Facilities)
EPSBPI Cauayan Plant (Land and
San Fermin, Cauayan, Isabela Owned Good
Facilities)
Warehouse/Sales Office
GSMI Cauayan Sales Office 327 Prenza Highway, San Fermin, Cauayan Isabela Owned Good
Renewable upon mutual agreement of
GSMI Pua Warehouse 1 Don Jose Canciller St., Cauayan City, Isabela Rented Good 387,828.00 March 31, 2021
both parties
February 29, 2020
Renewable upon mutual agreement of
GSMI Pua Warehouse 3 Don Jose Canciller St., Cauayan City, Isabela Rented Good 328,480.00 Ongoing renewal of
both parties
contract. Extended
until March 31, 2021
Renewable upon mutual agreement of
GSMI Porac Warehouse and Sales
Sta. Cruz, Porac, Pampanga Rented Good 272,250.00 December 31, 2020 both parties
Office
(Ongoing renewal)
Renewable upon mutual agreement of
Lee Building, Natl. Hiway, Brgy. Carlatan, San Fernando
GSMI La Union Sales Office Rented Good 17,368.42 December 31, 2020 both parties
City, La Union
(Ongoing renewal)
Renewable upon mutual agreement of
GSMI Minien Warehouse Brgy. Minien East, Sta. Barbara, Pangasinan Rented Good 25,000.00 June 30, 2021
both parties

Page 6
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
February 29, 2020
Renewable upon mutual agreement of
GSMI Lunec Warehouse Brgy. Lunec, Malasiqui, Pangasinan Rented Good 490,014.00 Ongoing renewal of
both parties
contract. Extended
until April 10, 2021
Depot
GSMI Alcohol Depots #1 and #2 Brgy. Namonitan, Sto. Tomas (Damortis), La Union Owned Good
Land
GSMI Lingayen Property Libsong East, Lingayen, Pangasinan Owned Good
GSMI Olongapo Property Sta. Rita, Olongapo City, Zambales Owned Good
GSMI Cauayan Property San Fermin, Cauayan, Isabela Owned Good
C. GMA
Warehouse/Sales Office
GSMI Pasig (C5) Sales Office
Maja Compound, Canley Road Corner E. Rodgriguez Renewable upon mutual agreement of
(Warehouse Space, Parking Space Rented Good 883,020.00 June 15, 2021
(C5), Bagong Ilog, Pasig City both parties
and Parking Space with Bathroom)
GSMI Sucat Parañaque Sales #8380 Dr. A. Santos Avenue, BF Homes, Parañaque
Owned Good
Office City
D. SOUTH LUZON
Plants
GSMI Lucena Plant (Land and
Bgy. Gulang-gulang, Lucena City, Quezon Owned Good
Facilities)
EPSBPI Ligao Plant (Land and
Km 503, Hacienda Mitra, Paulog, Ligao City, Albay Owned Good
Facilities)
GSMI Cabuyao Plant (Land and Silangan Industrial Estate, Brgy. Pittland, Terelay
Owned Good
Facilities) Phase, Cabuyao, Laguna
Warehouse/Sales Office
Km. 503, Hacienda Mitra, Brgy. Paulog, Ligao City,
GSMI Ligao Sales Office Owned Good
Albay 4504
Km. 503, Hacienda Mitra, Brgy. Paulog, Ligao City,
EPSBPI Warehouse Extension Owned Good
Albay 4504
1080 Dona Aurora Boulevard, Gulang-gulang, Lucena Renewable upon mutual agreement of
GSMI Sales Admin Office Rented Good 22,645.50 November 30, 2022
City both parties
Renewable upon mutual agreement of
GSMI Legazpi Warehouse Barangay 42, Rawiz Legazpi City Rented Good 126,000.00 June 30, 2021
both parties
Renewable upon mutual agreement of
GSMI Pagsanjan Sales Office National Road, Brgy. Sabang, Pagsanjan, Laguna Rented Good 36,000.00 November 21, 2021
both parties
Depot
Francisco Ferdinand St., Teacher's Village, Bgy. Cotta,
GSMI Cotta Depot Owned Good
Lucena City
GSMI Tabangao Depot Bgy. Tabangao, Aplaya, Batangas City Owned Good
GSMI Alcohol Depot (Tanks 1, 2, 3) BBTI, Bauan, Batangas Rented Good 528,000.00 December 31, 2021 Renewable at the option of the lessee

GSMI Alcohol Depot (Tanks 4 & 6) BBTI, Bauan, Batangas Rented Good 720,000.00 December 31, 2021 Renewable at the option of the lessee

GSMI Alcohol Depot (Tanks 5 & 7) BBTI, Bauan, Batangas Rented Good 720,000.00 December 31, 2021 Renewable at the option of the lessee
Renewable at the option of the lessee
GSMI Alcohol Depot (Tanks 8 & 9) BBTI, Bauan, Batangas Rented Good 384,000.00 December 31, 2020
(Ongoing renewal)
Land
EPSBPI Ligao Plant (Land) KM 503, Hacienda Mitra, Paulog, Ligao City, Albay Owned Good

Page 7
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
E. VISAYAS
Plants
GSMI Mandaue Plant (Land and
Subangdaku, Mandaue City, Cebu Owned Good
Facilities)
GSMI Bago Plant (Land and
Brgy. Calumangan, Bago City, Negros Occidental Owned Good
Facilities)
DBI Alcohol Distillery (Land and
Km 13.5, Brgy. Taloc, Bago City, Negros Occidental Owned Good
Facilities)
DBI Deepwell Sites (Land and
Brgy. Taloc, Bago City, Negros Occidental Owned Good
Facilities)
Warehouse/Sales Office
GSMI Warehouse Mandaue Port, J. Cenniza St., Looc, Mandaue City Owned Good
GSMI Bago City Sales Office Km 13.5, Brgy. Taloc, Bago City, Negros Occidental Owned Good
Distileria Bago, Inc. (Aged Alcohol
Brgy. Taloc, Bago City, Negros Occidental Owned Good
Warehousing and Management)
Picas Sagkahan, Diversion Road, Brgy. 59, Tacloban Renewable upon mutual agreement of
GSMI Tacloban Sales Office Rented Good 15,000.00 October 15, 2021
City both parties
Depot
GSMI Ouano Alcohol Depot Brgy. Looc, City of Mandaue, Island of Cebu Owned Good
Land
DBI Relocation Site Brgy. Calumangan, Bago City, Negros Occidental Owned Good
DBI (160sq.m new acquisition) Brgy. Taloc, Bago City, Negros Occidental Owned Good
GSMI Looc Land (Depot) Mandaue Port, J. Cenniza St., Looc Mandaue City Owned Good
F. MINDANAO
Warehouse/Sales Office
GSMI Davao Warehouse and Sales
Brgy. Talomo, Ulas, Davao City Owned Good
Office
May 31, 2020
2nd flr., Nesoricom Prime Arcade, National Highway, Renewable upon mutual agreement of
GSMI Pagadian Sales Office Rented Good 17,894.74 Ongoing renewal of
Tiguma, Pagadian City both parties
contract. Extended
until May 31, 2023.
Renewable upon mutual agreement of
Unit 118 & Unit D-218 Lyl Apt., Kimwa Comp. Baloy,
GSMI Cagayan de Oro Sales Office Rented Good 29,000.00 December 31, 2020 both parties
Brgy. Tablon, Cagayan De Oro City
(Ongoing renewal)
3 FOOD GROUP
Admin Office/Sales Office
Pasig Office - San Miguel Food and 17F, 18F, 21F, 22F, 23F JMT Corporate Condominium
Owned Good
Beverage, Inc. (SMFB) Building, ADB Avenue, Ortigas Center, Pasig City
Iloilo Office - Agro Industrial Cluster Melliza St., Iloilo City Owned Good
Isabela Sales Office - Poultry Soyung, Echague, Isabela Owned Good
General Santos Office - Agro Industrial
Bo. Makar, Calumpang, Gen. Santos City Owned Good
Cluster
Admin Office and Feedmill/Processing Plant/Product Development Laboratory/Warehouse
Cavite Admin Office and Magnolia Plant
Governor's Drive, Bo. De Fuego, Gen. Trias, Cavite Owned Good
- Magnolia, Inc.
Depok Office and Poultry Processing
Jl. Raya Bogor Km. 37 Sukamaju, Cilodong, Depok,
Plant - PT San Miguel Purefoods Owned Good
Indonesia
Indonesia
Tarlac Office, Feedmill and Warehouse -
Luisita Industrial Park, San Miguel,Tarlac City Owned Good
Feeds

Page 8
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Bataan Feedmills and Warehouse - Mindanao Avenue, Corner 10th Ave. BEZ, Mariveles,
Owned Good
Feeds Bataan City
Pasig Office and Product Development SMFG Cmpd., Legaspi cor. Eagle St., Ugong, Pasig
Owned Good
Laboratory - SMFI-Corporate City
La Pacita Antipolo Office & Plant -
#88 Garnet, Bario Mambugan, Antipolo City Owned Good
Magnolia
Bacolod Warehouse - San Miguel Mills
Reclamation Area, Barangay Poblacion, Bacolod City Owned Good
Inc.
Isabela Feedmill and Warehouse -
Bo. Soyung, Echague, Isabela City Owned Good
Feeds
Bulacan Feedmill and Warehouse (San
Brgy. Malipampang San Ildefonso, Bulacan Owned Good
Ildefonso) - Feeds
Farm/Hatchery
Isabela Cattle Farm - Meats 3305 San Luis, Cauayan, Isabela City Owned Good
Calamba Hatchery - Poultry Brgy Licheria, Calamba City Owned Good
Bataan Farm - Poultry Brgy. General Lim, Orion, Bataan City Owned Good
Bukidnon Hatchery - Poultry Kapitan Bayong, Impasug-ong, Bukidnon City Owned Good
Bukidnon Hog Farm - Meats San Vicente, Sumilao, Bukidnon City Owned Good
Laguna Cattle Farm - Meats Brgy. Mabacan, Calauan, Laguna Owned Good
Flourmill/Feedmill
Iloilo Feedmill - Feeds Brgy. Gua-an, Leganes, Iloilo Owned Good
Pangasinan Feedmill - Feeds Brgy. Bued, Binalonan, Pangasinan City Owned Good
Mabini Flourmill - San Miguel Mills, Inc. Brgy. Bulacan, Mabini, Batangas City Owned Good
Tabangao Flourmill - San Miguel Mills,
Brgy. Tabangao, Batangas City Owned Good
Inc.
Bukidnon Feedmill - Feeds Impalutao,Impasug-ong,Bukidnon City Owned Good
Davao Feedmill - Feeds Sitio Landing, Brgy. Darong , Sta. Cruz, Davao Del Sur Owned Good
Pavia Iloilo Feedmill - SMFI - Feeds Brgy. Mali-ao Pavia, Iloilo Owned Good
Ormoc Feedmill - SMFI - Feeds Brgy, Macabug, Ormoc City Owned Good
Misamis Oriental Feedmill - SMFI - Brgy Gracia, Sitio Kivulda, Phividec, Tagoloan, Misamis
Owned Good
Feeds Oriental
Mandaue Feedmill - SMFI - Feeds JL Ceniza St., Brgy Looc, Mandaue City Owned Good
Grain Terminal
Mabini Bulk Grain Handling Terminal - Brgy. Balibaguhan and Brgy. Bulacan, Mabini, Batangas
Owned Good
San Miguel Mills, Inc. (GBGTC) City
Land
Mabini Land - SMFB Brgy. Bulacan, Mabini, Batangas City Owned Good
Pasig Land - San Miguel Mills, Inc.
San Miguel Ave., Corner Tektite Road, Pasig City Owned Good
(GAC)
Bulacan Land - SMFI Feeds Malipampang, San Ildefonso, Bulacan Owned Good
General Santos Warehouse - Feeds Bo. Makar, Calumpang, Gen. Santos City Owned Good
Bacolod Land - SMMI Reclamation Area, Barangay Poblacion, Bacolod City Owned Good
Isabela Land - Feeds Bo. Soyung, Echague, Isabela City Owned Good
Iloilo Land - Feeds Brgy. Gua-an. Leganes, Iloilo Owned Good
Processing Plant
Binh Duong Processing Plant - San
An Tay, Ben Cat, Binh Duong, Vietnam Owned Good
Miguel Purefoods (VN) Co., Ltd.
Cavite Meat Plant - Purefoods Hormel
Bo. De Fuego, Brgy. San Francisco, Gen. Trias, Cavite Owned Good
Company, Inc.
Davao Poultry Processing Plant -
Brgy. Sirawan, Toril Davao City Owned Good
Poultry Page 9
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Governor's Drive Bo. Langkaan 1, Dasmarinas Cavite
Cavite Meat Plant - Meats Owned Good
City
Laguna Ice Cream Plant - Golden Food
Management Inc. (GFMI, formerly Sta. Rosa Industrial Complex, Brgy. Pulong Sta. Cruz,
Owned Good
Golden Food & Dairy Creamery Sta. Rosa, Laguna
Corporation)
San Fernando Processing Plant SMC Complex, Quebiawan, San Fernando, Pampanga Owned Good
Processing Plant and Cold Storage
Mandaue Poultry Processing Plant and
Riverside, Canduman, Mandaue City Owned Good
Cold Storage - SMFI - Poultry
Warehouse
Quezon City Warehouse - Purefoods
Regalado Ave., Fairview, Quezon City Owned Good
Hormel Company, Inc.
Admin Office
Mandaluyong Office - San Miguel Food
40 San Miguel Ave., Mandaluyong City Owned Good
and Beverage, Inc.
2nd & 3rd Floor, Andenson Building III, National Hi-way, Jan-July: 856,604.16
Laguna Office - Poultry Rented Good July 31, 2021 Renewable every 5 years
Brgy. Parian, Calamba City, Laguna Aug-Dec: 925,132.00
3rd Floor Alpha Bldg., Lanang Business Park, Lanang,
Davao Office - Poultry Rented Good 321,599.60 August 31, 2025 Renewable every 5 years
Davao
6F Mekong Tower, 235-241 Ward 13, Tan Binh, Ho Chi
Ho Chi Minh Office - SMPFVN Rented Good VND 35,863,636.00 July 31, 2025 Renewable every 5 years
Minh City, Vietnam
5th and 6th Flr., Clotilde Bldg., Casuntingan, Mandaue
Cebu Office - Poultry Rented Good 178,200.00 June 30, 2023 Renewable every 3 years
City, Cebu
27,000.00 (GFS)
Cebu Office - Great Food Solutions, 7th Floor Clotilde Bldg., Casuntingan, Mandaue City, 59,400.00 (Poultry) Renewable upon mutual agreement of
Rented Good June 30, 2023
Poultry and SMIS Cebu 59,400 (SMIS) both parties

Don Alfonso Marquez Subd., MCLL Highway Tetuan

Zamboanga Office - Poultry Rented Good 30,387.63 December 31, 2021 Renewable every year
Zamboanga City
Bukidnon Office - Agro Industrial
Propia St. , Malaybalay, Bukidnon Rented Good 133,928.57 January 31, 2023 Renewable every 2 years
Cluster and Poultry
Cagayan de Oro Office - Agro Industrial
Masterson Avenue Zone 13, Carmen, Cagayan de Oro Rented Good 370,729.43 June 30, 2021 Renewable every 5 years
Cluster and Poultry
Lease may be renewed upon mutual
Unit 1-C, JC Building, Ipil Road, Brgy. Daro, Dumaguete consent of both parties, after written notice
Dumaguete Office - Poultry Rented Good 28,359.38 October 30, 2021
City to renew is given by the Lessee to the
Lessor 60 days before expiry date.
NFCC Cybercentre Complex, Lacson Cr. Hernaez St.,
Bacolod Office - Poultry Rented Good 238,419.00 June 30, 2022 Renewable every 3 years
Bacolod City
Renewable upon mutual agreement of
Davao Office - Meats Marapangi, Toril, Davao City Rented Good 7,500.00 January 31, 2021
both parties
Batangas Office - Poultry San Roque, Sto Tomas, Batangas Rented Good 9,000.00 January 31, 2021 Renewable every year
C5 Pasig Office - SMFB, SMFI, PHC,
100 E. Rodriguez Jr. Ave., C5 Road, Ugong, Pasig City Owned Good
Magnolia, Coffee, SMMI
Unit 12, 2nd Floor Bldg. B, Metrobank Center, Juan
Tacloban Office - SMFI - AIC Rented Good 53,773.20 October 21, 2023 Renewable every 5 years
Luna St., Brgy. Poblacion, Palo, Leyte
AW Square 3rd/F R#3F Cor. Real & San Vidal St.,
Ormoc Office - SMFI - AIC Rented Good 30,800.00 November 30, 2024 Renewable every 5 years
Ormoc City

Page 10
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Admin Office and Cold Storage/Processing Plant/Warehouse
Bohol Admin Office - Poultry Eastern Poblacion, Alburquerque, Bohol Rented Good 7,200.00 November 30, 2022 Renewable every 3 years
31-Mar-2023 Renewable every 5 years (Office & Cold
Butuan Office and Cold Storage - Agro 8,210.71 (Office)
Km 9 Tag-ibo Butu-an Rented Good (Office - AIC and Cold Storage)
Industrial Cluster and Poultry 443,820.84 (Cold Storage)
Storage - Poultry)
Misamis Occidental Office and Cold 31-Dec-2021 (Office)
12,000.00 (Office) Renewable every year (Office)
Storage - Agro Industrial Cluster and Mailen, Clarin, Misamis Occidental Rented Good 31-Dec-2022 (Cold
278,423.00 (Cold Storage) Renewable every 5 years (Cold Storage)
Poultry Storage)

57,500 (Office AIC) November 15, 2021

548,500.00 (Office - (AIC Office)
Poultry) Continuing unless
Camarines Sur Office - SMFI - AIC; 267,857.14 terminated and Renewable annually (AIC Office & Poultry
Office, Quality Assurance Office, Cold (QA Office - Poultry) agreed by both Admin & QA Office)
Sta. Rita Industrial Estate, Sagurong, Pili, Camarines
Storage and Holding Room - SMFI - Rented Good 1,640,821.00 parties (Poultry Admin Renewable every 3 years (Poultry Cold
Sur
Poultry; (Cold Storage - Poultry) and QA Office) Storage and Holding Room, and Meats
and Cold Storage - SMFI - Meats 553,797.00 Decemer 31, 2021 Cold Storage)
(Holding Room - Poultry) (Poultry Cold Storage
383,699.68 & Holding Room, and
(Cold Storage - Meats) Meats Cold Storage)

January 1, 2021
9,000 (Office)
(Office)
Iloilo Sales Options, Brgy. Mali-ao Pavia Iloilo, Jentec 494,519.08 (Cold Storage - Renewable upon mutual agreement of
Iloilo Office and Cold Storage - SMIS Rented Good March 31, 2021 (Cold
Storage Corp. Iloilo SMIS) both parties
Storage SMIS)

60,000.00 ( Office and

Cebu Office, Labatory & Cold Storage - Labatory)
Brgy. Pangdan, Naga City, Cebu Rented Good June 30, 2021 Renewable every 6 months
Poultry 1,305,759.45 (Cold
Storage)
Cold Storage:
1,684,698.97 (Magnolia)
Cavite Cold Storage - Magnolia, Inc., 3,495,898.41 (Meats) Renewable every year
Anabu Hills Industrial Estate, Anabu 1-c, Imus Cavite Rented Good December 31, 2020
Meats and Poultry 967,520.36 (Poultry) (Ongoing renewal)
Warehouse:
738,464.08 (Meats)
221,019.00 (Office)
Mandaue Office and Cold Storage - Lot 2459-B1&B2 Batiller Street, Barangay Umapad, Renewable upon mutual agreement of the
Rented Good 1,358,893.12 (Cold March 31, 2021
Poultry Mandaue City parties
Storage)
F.E. Zuellig Ave., North Reclamation Area, Mandaue,
Cebu Cold Storage - Poultry Rented Good 4,003,437.40 July 31, 2021 Renewable every 3 years
Cebu
Renewable upon mutual agreement of
Mandaue Office and Storage - Poultry 245 Subangdaku, Mandaue City Rented Good 59,400.00 June 30, 2023
both parties
Cold Storage
Renewable every year
Davao Cold Storage - Poultry Daliao, Toril Davao Rented Good 189,963.20 December 31, 2020
(Ongoing renewal)
Navotas Cold Storage - Poultry and Lapu-Lapu Ave. and C3 Road cor. Northbay Blvd., 6,514,420.00 (Poultry)
Rented Good September 30, 2021 Renewable every 2 years
Purefoods Hormel Company, Inc. Navotas 12,008,283.82 (PHC)
The Lessee maybe pre-terminate the
Misamis Oriental Cold Storage - Poultry Mohon Tagoloan Misamis Oriental Rented Good 379,238.00 December 31, 2021 Contract without cause by giving 60 days
prior written notice to the Lessor

Page 11
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Phividec Industrial Estate, Sugbongcogon, Tagoloan, Renewable upon mutual agreement of
Misamis Oriental Cold Storage - Meats Rented Good 47,600.00 February 28, 2021
Misamis Oriental both parties (Meats)
Palawan Cold Storage - Poultry Puerto Princesa, Palawan Rented Good 346,500.00 December 31, 2021 Renewable every 2 years
Davao Cold Storage - Poultry and 1,977,853.85 (Poultry)
Purok 15, Panungtungan, Tibungco, Davao Rented Good September 30, 2021 Renewable every 3 years
Meats 610,951.30 (Meats)
Renewable upon mutual agreement of
Pangasinan Cold Storage - Poultry Brgy. Mabilao, San Fabian, Pangasinan 2433 Rented Good 204,984.00 September 30, 2023
both parties
Calong-calong, Airport Subd, Brgy Singcang, Bacolod Renewable every 3 years
Bacolod Cold Storage - Poultry Rented Good 220,535.74 December 31, 2020
City (Ongoing renewal)
Renewed upon the expiry of its contract
term for the like period(s) under the same
Misamis Oriental Cold Storage - Meats Sta. Ana, Tagoloan, Misamis Oriental Rented Good 118,552.00 December 31, 2021
terms and conditions, except as may be
otherwise agreed by the parties in writing
Mandaluyong Cold Storage - San 10th floor San Miguel Properties Centre, 7 St. Francis
Owned Good
Miguel Integrated Sales st. Mandaluyong City
Pasig Cold Storage - Great Food Renewable upon mutual agreement of
Luis St., San Miguel, Pasig City Rented Good 1,414,643.10 June 30, 2021
Solutions both parties
Renewable upon mutual agreement of
Dagupan Cold Storage - SMIS AB Fernandez Ave., Dagupan City Rented Good 1,534,057.03 June 30, 2021
both parties
Renewable upon mutual agreement of
Pampanga Cold Storage - SMIS Gloria 1 Sindalan, San Fernando, Pampanga Rented Good 1,651,206.99 June 30, 2021
both parties
Continuing unless
terminated and Renewable upon mutual agreement of
Isabela Cold Storage - Meats San Luis, Cauayan, Isabela Rented Good 302,728.56
agreed by both both parties
parties
Logistikus, Inc., Bldg 4, Molson Park, CA Yulo Ave, Renewable upon mutual agreement of
Calamba Cold Storage - SMIS Rented Good 3,226,171.64 March 31, 2021
Canlubang Industrial Park, Calamba, Laguna both parties
Cagayan De Oro Cold Storage - SMFI - Door 6 Waterside Living Complex, J Pacana St., Renewable upon mutual agreement of
Rented Good 42,130.27 June 30, 2021
SMIS Cagayan De Oro City both parties
Cagayan De Oro Cold Storage - SMFI - Renewable upon mutual agreement of
Tablon, Cagayan de Oro City Rented Good 1,756,430.00 March 31, 2021
Poultry both parties
Carmona Cavite Cold Storage - SMFI - Blk 2 Lot 4&5 Soutwoods Industrial Park, Carmona,
Rented Good 3,500,565.41 January 23, 2021 Renewable every year
Poultry Cavite
Abara Road, Brgy. San Pedro, Puerto Princesa City,
Palawan Cold Storage - SMFI - Poultry Rented Good 346,500.00 December 31, 2021 Renewable every year
Palawan
Misamis Oriental Cold Storage - SMFI -
Sugbongcogon Phividic, Misamis Oriental Rented Good 128,220.00 February 28, 2021 Renewable every year
Poultry
Negros Oriental - Cold Storage - SMFI -
Sra Ascion, San Jose, Negros Oriental Rented Good 841,726.35 October 28, 2021 Renewable every 3 years
Poultry
Renewable upon mutual agreement of
Tagoloan Cold Storage - SMFI - Poultry Zone 18,Natumolan,Tagoloan Misamis Oriental Rented Good 2,760,251.38 December 31, 2020 both parties
(Ongoing renewal)

Page 12
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Cold Storage and Blast Freezing Facility/Holding Room/Laboratory/Warehouse/Processing Plant/Mixes Storage/Office
Bulacan Holding Room - SMFI - Poultry #95 Landicho St., Brgy. Balasing, Sta. Maria, Bulacan Rented Good 178,685.00 June 30, 2022 Renewable every 3 years
2,391,480 (Cold Storage)
Bulacan Cold Storage and Holding
111 Pulong Gubat, Balagtas Bulacan Rented Good 811, 795.00 (Holding December 31, 2022 Renewable every 2 years
Room - Poultry
Room)
2,136,013.22 (Cold
Pampanga Cold Storage- SMFI - 888 Quezon Rd, Brgy. San Isidro, San Simon, Renewable upon mutual agreement of
Rented Good Storage) December 31, 2021
Meats & Mixes Storage - Poultry Pampanga both parties
6,752.00 (Mixes Storage)
1,637,614.00 (Cold
Leyte Cold Storage and Office and Storage)
Brgy. Antipolo, Albuera, Leyte Rented Good August 31, 2025 Renewable every 5 years
Labatory - Poultry 35,000.00 (Office and
Labatory)
February 28, 2022
2,704,334.00 (Cold
(Cold Storage,
Bulacan Cold Storage, Holding Room Storage) Renewable every 3 years (Cold Storage,
Brgy. Caysio, Sta. Maria, Bulacan Rented Good Holding Room,
and Laboratory - Poultry 990,746.00 (Holding Room) Holding Room, Laboratory)
Laboratory)
30,164.56 (Laboratory)
1,794,978.13 (Cold
La Union Cold Storage, Holding Room
Brgy. Rabon, Rosario, La Union 2506 Rented Good Storage & Holding Room) September 30, 2023 Renewable every 3 years
and Laboratory - Poultry
72,081.00 (Laboratory)
Renewable upon mutual agreement of
238, 860.34 (Poultry)
Iloilo Cold Storage - Poultry and Meats Brgy. Sambag Jaro Iloilo Rented Good December 31, 2020 both parties
60,415.89 (Meats)
(Ongoing renewal)

906,252.00 (Cold Storage)

Pampanga Cold Storage, Holding
Brgy. San Isidro, San Simon, Pampanga Rented Good 317,853.00 (Holding Room) July 07, 2022 Renewable every 5 years
Room and Labatory - Poultry
49,090.00 (Labatory)

1,810,069.00 (Cold
Storage)
Tarlac Cold Storage, Holding Room and
Brgy. San Nicolas Balas, Concepcion, Tarlac 2316 Rented Good 1,211,826.00 (Holding December 31, 2021 Renewable every 3 years (Cold storage)
Laboratory - Poultry
Room)
37,882.07 (Laboratory)
2,363,154.00 (Cold
Bataan Cold Storage and Holding Storage) 1,088,895.00
Brgy. Tumalo, Hermosa, Bataan Rented Good December 31, 2021 Renewable every 3 years
Room - Poultry (Holding Room)
32,215.84 (Labatory)

650,183.63 (Cold Storage)

Nueva Ecija Cold Storage, Holding
Km104, Brgy Tabuating, San Leonardo, Nueva Ecija Rented Good 696,779.25 (Holding Room) March 8, 2021 Renewable every 3 years
Room and Labatory- Poultry
218,560.00 (Labatory)

849,650.00 (Cold storage)

Iloilo Cold Storage and Processing
Barangay Tungay, Sta. Barbara, Iloilo Rented Good 474,483.96 (Processing December 31, 2023 Renewable every 3 years
Plant - Poultry
plant)

11,552.02 (Processing
Negros Oriental Cold Storage and
Bolocboloc Sibulan Negros Oriental Rented Good Plant) October 31, 2021 Renewable every 3 years
Processing Plant - Poultry
114,975.00 (Cold Storage)

Page 13
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Negros Occidental Processing Plant 395,443.01 (Processing
Hda Binunga. Brgy Guinhalaran, Silay City, Negros
and Cold Storage & Laboratory - Rented Good Plant) January 31, 2021 Renewable every 3 years
Occidental
Poultry 672,383.29 (Cold Storage)
Foreshore
Mabini Bulk Grain Handling Terminal Lease may be renewed for another 25
Brgy. Balibaguhan and Brgy. Bulacan, Mabini, Batangas Rented Good 373,949.14 December 31, 2025
Foreshore - GBGTC years at the option of the DENR
Continuing unless
Mabini Foreshore - San Miguel Mills, terminated and Lease may be renewed for another 25
Brgy. Bulacan, Mabini, Batangas Rented Good 49,089.06
Inc. agreed by both years at the option of the DENR
parties
Tabangao Foreshore - San Miguel Lease may be renewed for another 25
Brgy. Tabangao, Batangas Rented Good 9,648.63 August 22, 2024
Mills, Inc. years at the option of the DENR
Land
Mabini Bulk Grain Handling Terminal
Brgy. Balibaguhan and Brgy. Bulacan, Mabini, Batangas Owned Good
(Land only) - GBGTC
Pangasinan Feedmill (Land only) -
Brgy. Bued, Binalonan, Pangasinan Owned Good
Feeds
Mabini Flourmill (Land Only) - San
Brgy. Bulacan, Mabini, Batangas Owned Good
Miguel Mills, Inc.
Bataan Farm (Land only) - Poultry Brgy. General Lim, Orion, Bataan Owned Good
December 31, 2054
Mindanao Avenue, Corner 10th Ave. BEZ, Mariveles, 1,260,960.00 (Plant 1) (Plant 1) Renewable upon mutual agreement of
Bataan Feedmill (Land only) - Feeds Rented Good
Bataan 716,214.10 (Plant 2) March 31, 2041 both parties
(Plant 2)
P. Rodriguez Street & Dad Cleland Road, Poblacion, Jan-June : 3,492,045 Renewable upon mutual written agreement
Cebu Land - San Miguel Mills, Inc. Rented Good May 31, 2031
Lapu-Lapu, Cebu July -Dec : 3,666,648 of the parties
Pasig Office (Land Only) - San Miguel
SMFG Cmpd., Legaspi cor. Eagle St., Ugong, Pasig Owned Good
Foods, Inc. - Corporate
Pampanga Processing Plant (Land SMPFC Region Office, SMC Complex, Quebiawan, San
Owned Good
Only) - Poultry Fernando, Pampanga
Laguna Ice Cream Plant (Land Only) - Sta. Rosa Industrial Complex, Brgy. Pulong Sta. Cruz,
Owned Good
Magnolia (GFDCC) Sta. Rosa, Laguna
Ready-to-Eat Plant (Land Only) - Great Sta. Rosa Industrial Complex, Brgy. Pulong Sta. Cruz,
Owned Good
Food Solutions Sta. Rosa, Laguna
Processing Plant
Lipa Dressing Plant - Poultry Brgy Kayumanggi, Lipa Rented Good 1,037,190.00 March 01, 2023 Renewable every 3 years
Quezon Processing Plant - Poultry Brgy Lagalag, Tiaong, Quezon Rented Good 2,811,599.00 June 30, 2021 Renewable every 3 years
Puerto Princesa Dressing Plant - Renewable upon mutual agreement of
Brgy Tagburos, Puerto Princesa Rented Good 20,000.00 December 31, 2021
Poultry both parties
Albay Processing Plant - Poultry Brgy. Anislag, Daraga, Albay Rented Good 163,578.00 July 31, 2021 Renewable every 3 years
Lucena Processing Plant - Poultry Brgy. Bocohan, Lucena Rented Good 1,534,600.00 June 30, 2021 Renewable every 3 years
Isabela Processing Plant - Poultry Garit Sur, Echague Isabela Rented Good 633,400.00 March 15, 2021 Renewable every 3 years
South Cotabato Processing Plant - Renewable upon mutual agreement of
Polomolok, South Cotabato Rented Good 169,150.08 December 31, 2021
Poultry both parties
Renewable upon mutual agreement of
Davao City Processing Plant - SMFI -
R.Castillo, Davao City Rented Good 234,500.00 December 31, 2020 both parties
Poultry
(Ongoing renewal)
Rizal Processing Plant - Poultry #1 Sitio Kapatagan, Brgy. Pinugay, Baras, Rizal Rented Good 327,431.86 February 28, 2021 Renewable every year
Renewable upon mutual agreement of
Davao Processing Plant - SMFI - Meats Marapangi, Toril, Davao City Rented Good 73,660.71 January 31, 2021
both parties
Batangas Processing Plant - SMFI - Renewable upon mutual agreement of
Brgy Aya, San Jose, Batangas Rented Good 2,874,728.46 December 31, 2022
Meats both parties
Page 14
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Renewable upon mutual agreement of
Davao Processing Plant - SMFI - Meats Marilog District, Davao City Rented Good 2,519,299.61 March 03, 2023
both parties
Continuing unless
South Cotabato Processing Plant - terminated and Renewable upon mutual agreement of
Purok 3, Brgy. Glamang, Polomolok, South Cotabato Rented Good 906,949.03
Meats agreed by both both parties
parties
Renewable upon mutual agreement of
Zamboanga Processing Plant -- Poultry Km. 10 National Highway, Boalan, Zamboanga City Rented Good 711,711.03 December 31, 2020 both parties
(Ongoing renewal)
Sales Office
Iloilo Office - San Miguel Integrated Renewable upon mutual agreement of
Orbe St., Brgy. Baybay Norte, Miag-ao, Iloilo Rented Good 8,928.57 June 30, 2028
Sales both parties
Lessee shall notify lessor of its intention to
renew this Contract, and any renewal
Antipolo City Sales Office - SMMI KM23 Sumulong Highway, Brgy. Sta. Cruz, Antipolo City Rented Good 24,500.00 February 17, 2024
agreement shall be subject to mutual
written agreement by both parties
Either party may terminate agreement by
giving at least 30 days notice. If the
Bacoor City Sales Office (Kambal
Spring Ville Central Park, Ph3 Molino 3, Bacoor, Cavite Rented Good 10,000.00 June 17, 2024 lessee is not able to pay the monthly rent
Pandesal) - SMMI
for 2 consecutive months, the Lessor has
the option to terminate the contract.
Any renewal or extension must be
Las Piñas City Sales Office -
Casimiro Commercial Center, Las Piñas City Rented Good 34,000.00 August 22, 2024 approved and agreed on in writing by both
Foodcrave Marketing, Inc. (FMI)
the Lessor and the Lessee
Selling Outlets
Pembo Makati Selling Outlet - Continuing unless terminated and agreed
199 Lot 20A Sampaguita St., Pembo, Makati City Rented Good 21,052.63 December 31, 2022
Foodcrave Marketing, Inc. by both parties
Renewable by mutual agreement of the
parties.However should there be some
East Rembo Makati City Selling Outlet - operational losses on the part of the
184-A 20th Ave., Brgy. East Rembo, Makati City Rented Good 15,789.47 January 31, 2021
Foodcrave Marketing, Inc. lessee he could terminate this contract
with prior niotice to the lessor in writing at
the least (2) moths before its termination.
Damayan Quezon City Selling Outlet - 50 Tolentino St. Cor. F. Bautista St., Damayan, Quezon Continuing unless terminated and agreed
Rented Good 12,631.58 November 30, 2021
Foodcrave Marketing, Inc. City by both parties
Village East Quezon City Selling Outlet - 113 Maginhawa St., Brgy. Teacher's Village East, Continuing unless terminated and agreed
Rented Good 36,842.11 December 14, 2021
Foodcrave Marketing, Inc. Quezon City by both parties
This lease may be renewed under the
terms and conditions as may be agreed
Pasong Tamo Quezon City Selling 328 Tandang Sora Ave, Brgy. Pasong Tamo 6, Quezon upon between the parties, after written
Rented Good 26,315.79 January 31, 2021
Outlet - Foodcrave Marketing, Inc. City notice to renew is given by the LESSEE to
thr LESSOR at least (30) days prior to the
expiration of this lease.
Kamuning Quezon City Selling Outlet - Continuing unless terminated and agreed
L. Sianghio St. Cor K-3rd St, Kamuning, Quezon City Rented Good 26,250.00 March 31, 2022
Foodcrave Marketing, Inc. by both parties
North Fairview 5 Quezon City Selling Block 72 Lot 24 Phase 8, Dollar St., North Fairview 5, Continuing unless terminated and agreed
Rented Good 12,631.58 April 26, 2021
Outlet - Foodcrave Marketing, Inc. Quezon City by both parties
Project 8 Quezon City Selling Outlet - No. 38-A Grants cor. GSIS Ave, GSIS Village, Brgy. Continuing unless terminated and agreed
Rented Good 15,789.47 May 21, 2022
Foodcrave Marketing, Inc. Sangandaan, Project 8, Quezon City by both parties
Commonwealth Quezon City Selling Continuing unless terminated and agreed
Katuparan St., Brgy. Commonwealth, Quezon City Rented Good 15,789.47 August 31, 2021
Outlet - Foodcrave Marketing, Inc. by both parties
Page 15
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Concepcion Uno Marikina City Selling Continuing unless terminated and agreed
783 J Rizal St., Concepcion Uno, Marikina City Rented Good 12,631.58 November 30, 2021
Outlet - Foodcrave Marketing, Inc. by both parties
Tanong Marikina City Selling Outlet - Continuing unless terminated and agreed
199 A Bonifacio Ave, Tanong, Marikina City Rented Good 15,789.47 June 14, 2021
Foodcrave Marketing, Inc. by both parties
Concepcion Uno Marikina City Selling Continuing unless terminated and agreed
32 Bayan Bayanan Ave. Concepcion Uno, Marikina City Rented Good 21,052.63 August 31, 2021
Outlet - Foodcrave Marketing, Inc. by both parties
Bicutan Taguig City Selling Outlet - Continuing unless terminated and agreed
Blk 184 Lot 10 Purok 1A, Central Bicutan, Taguig City Rented Good 26,315.79 February 28, 2021
Foodcrave Marketing, Inc. by both parties
New Lower Bicutan Taguig City Selling 15 M.L. Quezon St., Purok 1 New Lower Bicutan, Continuing unless terminated and agreed
Rented Good 26,315.79 December 31, 2022
Outlet - Foodcrave Marketing, Inc. Taguig City by both parties
Pinagsama Taguig City Selling Outlet - Continuing unless terminated and agreed
Barretto Bldg, Phase 2, Pinagsama, Taguig City Rented Good 28,421.05 April 04, 2022
Foodcrave Marketing, Inc. by both parties
South Signal Village Taguig City Selling Continuing unless terminated and agreed
#17 Luzon St., South Signal Village, Taguig City Rented Good 30,000.00 June 04, 2022
Outlet - Foodcrave Marketing, Inc. by both parties
San Dionisio Parañaque City Selling Buenaventura St. cor. Quirino Ave, San Dionisio, Continuing unless terminated and agreed
Rented Good 15,789.47 January 31, 2021
Outlet - Foodcrave Marketing, Inc. Parañaque City by both parties
The LESSEE shall be given priority by the
LESSOR to renew the lease against other
Sampaloc Manila Selling Outlet - 675 M. Dela Fuente St., Zone 044, Brgy. 449, prospective tenants, PROVIDED, that the
Rented Good 35,000.00 March 31, 2022
Foodcrave Marketing, Inc. Sampaloc, Manila LESSEE shall give (30) days advance
notice of its intention to extend or renew
this Contract before the expiry date.
Tondo Manila Selling Outlet - Continuing unless terminated and agreed
2551 Pinoy St., Balut, Brgy. 146 Zone 12, Tondo, Manila Rented Good 26,315.79 March 31, 2022
Foodcrave Marketing, Inc. by both parties
Zone 17 Tondo Manila Selling Outlet - Continuing unless terminated and agreed
1146 R Papa St., Brgy. 187, Zone 17, Tondo, Manila Rented Good 17,894.74 July 31, 2021
Foodcrave Marketing, Inc. by both parties
Rizal Ave. Manila Selling Outlet - Renewable upon agreement of both
LRT1 Abad Santos Station, Rizal Ave. Manila Rented Good 15,000.00 October 21, 2021
Foodcrave Marketing, Inc. parties
Putatan Muntinlupa City Selling Outlet - Beside Caltex National Road, Brgy. Putatan, Muntinlupa Continuing unless terminated and agreed
Rented Good 21,052.63 March 31, 2022
Foodcrave Marketing, Inc. City by both parties
Almanza Uno, Las Piñas City Selling Continuing unless terminated and agreed
L6 #26 Pilar Road Almanza Uno, Las Piñas City Rented Good 13,684.21 January 14, 2021
Outlet - Foodcrave Marketing, Inc. by both parties
Maybunga Pasig City Selling Outlet - Continuing unless terminated and agreed
78 Dr. Sixto Antonio Ave, Maybunga, Pasig City Rented Good 26,315.79 April 04, 2021
Foodcrave Marketing, Inc. by both parties
Rosario Pasig City Selling Outlet - Continuing unless terminated and agreed
78A ECM Bldg, Dr. Sixto Ave, Rosario, Pasig City Rented Good 15,789.47 June 14, 2021
Foodcrave Marketing, Inc. by both parties
Navotas City Selling Outlet - Foodcrave Continuing unless terminated and agreed
1438 M. Naval St, Tangos North District II, Navotas City Rented Good 13,684.21 June 30, 2021
Marketing, Inc. by both parties
Brgy. Dalandanan Dist. I Valenzuela
302 G. Lazaro St., Mc Arthur Highway, Brgy. Continuing unless terminated and agreed
City Selling Outlet - Foodcrave Rented Good 13,684.21 May 31, 2022
Dalandanan Dist. I, Valenzuela City by both parties
Marketing, Inc.
Tipas Taguig City Selling Outlet - 590-D Tipas Town Center, Lot 2839, HR Capistrano St., Continuing unless terminated and agreed
Rented Good 11,214.96 August 27, 2021
Foodcrave Marketing, Inc. Tipas, Taguig City by both parties
Camarin Caloocan City Selling Outlet - Area D, 7770 Ilang Ilang St. (Zapote St.) Camarin, Continuing unless terminated and agreed
Rented Good 21,052.63 August 04, 2021
Foodcrave Marketing, Inc. Caloocan City by both parties
San Juan Taytay Rizal Selling Outlet - Continuing unless terminated and agreed
Velasquez St., Brgy San Juan, Taytay, Rizal Rented Good 14,000.00 April 30, 2022
Foodcrave Marketing, Inc. by both parties

Page 16
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
This lease may be extended upon the
mutual agreement of the parties atleast
(30) calendar days prior to the expiration of
the lease. Failure of the LESSEE to initiate
San Juan Taytay Rizal Selling Outlet -
Cuatro Cantos Rizal Ave., Brgy. San Juan, Taytay, Rizal Rented Good 15,789.47 March 31, 2021 negotiations for the renewal of the lease
Foodcrave Marketing, Inc.
thirty (30) days preceding the expiry
thereof sahll give the LESSOR the right to
show the Leased PRemises to other
prospective lesses.
CRV Bldg, F.P. Felix Ave. Cor. Karangalan Drive, Gate
Cainta Rizal Selling Outlet - Foodcrave Continuing unless terminated and agreed
2 PH 1, Karangalan Village, Brgy San Isidro,Cainta, Rented Good 40,527.00 April 04, 2021
Marketing, Inc. by both parties
Rizal
Continuing unless
Cabuyao Laguna Selling Outlet - terminated and Renewable upon mutual written agreement
#77 Brgy. San Isidro, Cabuyao, Laguna Rented Good 10,526.32
Foodcrave Marketing, Inc. agreed by both of the parties
parties
Calamba Laguna Selling Outlet - Continuing unless terminated and agreed
173 Mary Help of Christian St., Calamba City, Laguna Rented Good 15,789.47 November 30, 2021
Foodcrave Marketing, Inc. by both parties
Cabuyao Laguna City Selling Outlet - Continuing unless terminated and agreed
J.P. Rizal St., Brgy Uno Cabuyao, Laguna Rented Good 26,315.79 February 28, 2021
Foodcrave Marketing, Inc. by both parties
San Juan Calamba City Laguna Selling Continuing unless terminated and agreed
#74 Brgy. San Juan, Calamba City, Laguna Rented Good 10,526.32 March 31, 2022
Outlet - Foodcrave Marketing, Inc. by both parties
Parian Calamba City Laguna Selling Continuing unless terminated and agreed
Brgy. Parian, Calamba City, Laguna Rented Good 15,789.47 May 31, 2021
Outlet - Foodcrave Marketing, Inc. by both parties
Sta. Cruz Laguna Selling Outlet - 1453 P. Guevarra Ave, Brgy. Poblacion IV, Sta. Cruz, Continuing unless terminated and agreed
Rented Good 15,789.47 May 31, 2021
Foodcrave Marketing, Inc. Laguna by both parties
Los Baños Laguna Selling Outlet - Continuing unless terminated and agreed
6947 Brgy. San Antonio, Los Baños, Laguna Rented Good 21,052.63 August 31, 2021
Foodcrave Marketing, Inc. by both parties
Cabuyao City Laguna Selling Outlet - Continuing unless terminated and agreed
151 Brgy. Pulo National Highway, Cabuyao City, Laguna Rented Good 10,526.32 June 30, 2021
Foodcrave Marketing, Inc. by both parties
Banay-Banay Cabuyao City Laguna
Brgy. Banay-Banay National Hi-way Cabuyao City Renewable upon agreement of both
Selling Outlet - Foodcrave Marketing, Rented Good 20,000.00 September 30, 2021
Laguna parties
Inc.
GMA Cavite Selling Outlet - Foodcrave Blk 3, Lot 15, Congressional Rd, San Gabriel, GMA, Continuing unless terminated and agreed
Rented Good 31,578.95 April 15, 2021
Marketing, Inc. Cavite by both parties
Upon the "9th" month of the contract the
LESSEE must notify the LESSOR whether
they want to extend the Term. Both parties
must agree on the terms before contract
Bacoor Cavite Selling Outlet - Lot 7 Blk 3, PH5, Gawaran Ave, Springville Heights,
Rented Good 10,526.32 May 31, 2021 extendsion is to be executed. If the lessee
Foodcrave Marketing, Inc. Molino 7, Bacoor Cavite
does not opt to extend, the LESSEE is
given one week after the expiration of
Contract to clear out, vacate and remove
its fixtures inside the Leased Premises.

the contract may be renewed at LESSEE's

option upon written agreement of the
Bacoor Cavite Selling Outlet -
6 Aniban IV, Bacoor, Cavite Rented Good 12,631.58 January 31, 2021 parties, after written notice to renew ois
Foodcrave Marketing, Inc.
given by LESSEE or LESSOR atleast (30)
days before the expiry date.

Page 17
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Sto. Domingo Laguna Selling Outlet - Orodoveza Business Center, Brgy Sto Domingo Bay, Renewable upon agreement of both
Rented Good 21,052.63 October 31, 2021
FMI Laguna parties
San Isidro Gals Quezon City Selling Renewable upon agreement of both
1 Bayani St. Brgy. San Isidro Gals Quezon City Rented Good 10,000.00 January 31, 2022
Outlet - FMI parties
Kamuning Quezon City Selling Outlet - Renewable upon agreement of both
L. Sianghio St., cor. K-3rd St., Kamuning Quezon City Rented Good 30,000.00 March 31, 2022
FMI parties
Renewable upon agreement of both
Tondo Manila Selling Outlet - FMI 2805 Juan Luna St. Gagalangin, Tondo, Manila Rented Good 10,000.00 November 30, 2021
parties
Renewable upon agreement of both
Cabuyao Laguna Selling Outlet - FMI Unit 2, #208 Brgy. Mamatid Cabuyao Laguna Rented Good 8,000.00 January 14, 2022
parties
Unit G Adonis M. Gonzales Commercial Stalls Blk11
Renewable upon agreement of both
Imus Cavite Selling Outlet - FMI Lot1 Woodsite I Bahayang Pag-as Subd., Pasong Rented Good 18,000.00 January 31, 2023
parties
Buaya II, Imus, Cavite
Bagong Barrio Caloocan City Selling Renewable upon agreement of both
135 Malolos Ave. Bagong Barrio, Caloocan City Rented Good 15,789.47 January 04, 2023
Outlet - FMI parties
40 San Miguel Avenue, Ortigas Center, Mandaluyong Renewable upon agreement of both
San Miguel Avenue Selling Outlet - FMI Rented Good 46,249.80 November 14, 2024
City parties
If lessee intends to renew the lease, it
shall inform Lessor in writing 180 days
Marikina Sales Office - FMI Liwasang Kalayan St., Marikina Heights, Marikina City Rented Good 30,250.00 December 31, 2024 prior to expiration of contract of such
intention setting forth its offer to renew with
such rental rates for the lessor to consider

If lessee intends to renew the lease, it

shall inform Lessor in writing 90 days prior
GF C&B Circle Mall, Cristmar Aveneue cor. L.
San Roque Antipolo Sales Office - FMI Rented Good 22,500.00 February 28, 2025 to expiration of contract of such intention
Sumulong Circle., Brgy. San Roque, Antipolo City
setting forth its offer to renew with such
rental rates for the lessor to consider
Either party may serve a written request
for renewal on the other party within ninety
(90) days prior to the expiration of the
Dover Hill condominium, Mabini Corner Ortega & Pilar
San Juan Sales Office - FMI Rented Good 20,247.24 September 24, 2025 Lease Period; provided that the party,
Street, Addition Hills, San Juan City
upon whom such notice is served, shall
NOT be obliged to agree to the renewal of
the lease.
Upon expiration of this Contract, it is
understood that the LESSEE shall
1-D along Provincial Road Barangay Parian, Calamba
Calamba Laguna Sales Office - FMI Rented Good 43,100.00 February 15, 2021 peacefully vacate and return the Leased
City, Laguna
Premises to the LESSOR pursuant to
Section 242 hereof.
Sucat Parañaque Sales Office - FMI Dr. A Santos Avenue, San Antonio, Sucat Parañaque Owned Good
Tres Las Piñas Sales Office - FMI Lot 1&2 J. Aguilar Avenue Talon Tres Las Pinas Owned Good
Bicutan Parañaque Sales Office - FMI West Service Road Bicutan Parañaque Owned Good
Zapote Road Las Piñas Sales Office -
Alabang Zapote Road Las Pinas City Owned Good
FMI
Quezon City Sales Office - FMI Petron La Vista, 365 Katipunan Ave., Quezon City Owned Good
C5 Sales Office - FMI 100 Eulogio Rodriguez Jr. Ave, Pasig City Owned Good

Page 18
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Sales Office and Cold Storage/Laboratory/Warehouse
25,000.00 (Office) 30-Jun-2021 (Office,
1,304,469.50 (Processing Warehouse)
Pangasinan Office, Cold Storage,
GTL Compound, San Vicente, San Jacinto, Pangasinan, Plant, Cold Storage & 31-Dec-2023
Processing Plang, Laboratory and Rented Good Renewable every 3 years
2431 Holding Area) (Processing Plant,
Warehouse - Poultry
30,745.45 (Laboratory) Cold Storage,
40,000.00 (Warehouse) Laboratory)
Warehouse
1st Industrial Park Zamboanga City Special Economic Renewable upon mutual written agreement
AFSI-Managed Warehouses - Feeds Zone Authority Sitio San Ramon, Brgy. Talisayan, Rented Good 269,010.00 December 31, 2020 of the parties
Zamboanga (Ongoing renewal)
Bulacan Warehouse - San Miguel Mills, Jan-Jun: 103,818.00 Renewable upon mutual written agreement
Baliuag, Bulacan Rented Good August 31, 2021
Inc. Jul-Dec: 114,199.80 of the parties
Renewable upon mutual written agreement
LSL Multi-Serve-Managed Warehouses Bay 6 Everland Agri Corp., Km. 12, Sasa, Davao City;
Rented Good 544,000.00 December 31, 2020 of the parties
- Feeds Km. 11, Sasa, Davao
(Ongoing renewal)
Continuing unless
terminated and Renewable upon mutual written agreement
Isabela Warehouse - Feeds Bgry. Mabini, Alicia Isabela Rented Good 562,500.00
agreed by both of the parties
parties
Renewable upon mutual written agreement
Pangasinan Warehouse - Feeds Carmay East, Rosales, Pangasinan Rented Good 1,249,792.00 December 31, 2020 of the parties
(Ongoing renewal)
Continuing unless
terminated and Renewable upon mutual written agreement
Pangasinan Warehouse - Feeds Carmen East, Rosales, Pangasinan Rented Good 1,283,935.29
agreed by both of the parties
parties
Renewable upon mutual written agreement
MMIJOE-Managed Warehouses - Diversion Rd., Buhangin, Davao City; Km 10, Sasa,
Rented Good 1,021,540.00 December 31, 2020 of the parties
Feeds Davao City
(Ongoing renewal)
Manila; Bataan; Batangas; Camarines Sur; Cebu; Iloilo;
Renewable upon mutual agreement of
SMCSL-Managed Warehouses - Feeds Bacolod; Cagayan de Oro; Ozamiz; Bukidnon; General Rented Good 28,868,349.32 December 31, 2022
both parties
Santos; Zamboanga; Davao
Cristo Rey Capas, Tarlac 2315; Brgy Bungad, SFDM,
D Meter-Managed Warehouses - Feeds Rented Good 1,558,295.33 June 30, 2021 Renewable every three years
Quezon City
Renewable upon mutual written agreement
Tarlac Warehouse - Feeds Mabini, Moncada, Tarlac Rented Good 298,675.00 December 31, 2020 of the parties
(Ongoing renewal)
Renewable upon mutual written agreement
Pangasinan Warehouse - Feeds Nancayasan, Urdaneta, Pangasinan Rented Good 284,400.00 December 31, 2020 of the parties
(Ongoing renewal)
Camarines Sur Warehouse - Feeds Santiago, Pili, Camarines Sur Rented Good 221,785.71 March 31, 2021 Renewable every month
Renewable upon mutual written agreement
Isabela Warehouse - Feeds Sinabbaran, Echague, Isabela Rented Good 1,393,479.80 December 31, 2020 of the parties
(Ongoing renewal)
Renewable upon mutual written agreement
La Union Warehouse - Feeds Taboc, San Juan, La Union Rented Good 345,446.43 December 31, 2020 of the parties
(Ongoing renewal)
Renewable upon mutual written agreement
South Cotabato Warehouse - Poultry Tumbler, Polomolok South Cotabato Rented Good 612,919.55 December 31, 2020 of the parties
(Ongoing renewal)

Page 19
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Renewable upon mutual written agreement
Pangasinan Warehouse - Feeds Urdaneta, Pangasinan Rented Good 1,124,800.00 December 31, 2020 of the parties
(Ongoing renewal)
Davao Warehouse - San Miguel Renewable upon mutual agreement of
Purok 9 KM 20 Tibungco, Davao City Rented Good 537,811.21 March 31, 2021
Integrated Sales both parties
979 C. Castaneda Street, Mandaluyong City Metro
Mandaluyong Warehouse - Feeds Rented Good 160,000.00 June 30, 2021 Renewable every year
Manila
Renewable upon mutual agreement of
Camarines Sur Warehouse - Feeds Brgy. San Jose, Pili, Camarines Sur Rented Good 201,600.00 December 31, 2020 both parties
(Ongoing renewal)
Cebu Warehouse - San Miguel Renewable upon mutual agreement of
G. Ouano Street, Brgy. Opao, Mandaue City Rented Good 1,206,923.20 March 31, 2021
Integrated Sales both parties
31,586.10 (AIC)
Parañaque Warehouse - AIC, SMIS Pacific Coast Plaza Building, 1St Villamor Street, Mutually be agreed upon between the
Rented Good 162,586.00 (SMIS) December 31, 2024
and Great Food Solutions Parañaque parties.
49,651.00 (GFS)
Renewable upon mutual agreement of
Iloilo Warehouse - Poultry Cabugao Norte, Sta. Barbara, Iloilo Rented Good 93,409.59 December 31, 2020 both parties
(Ongoing renewal)
General Santos Warehouse - Feeds Hadano Avenue, Brgy. Labangal, General Santos City Rented Good 1,893,375.00 April 30, 2021 Renewable every year
Renewable upon mutual agreement of
Tarlac Warehouse - Feeds Brgy. Estrada Capas, Tarlac Rented Good 944,864.29 December 31, 2020 both parties
(Ongoing renewal)
Mandaue Warehouse - SMFI - AIC M.L. Quezon St., Casuntingan, Mandaue City Rented Good 37,315.04 October 31, 2022 Renewable every 3 years
Renewable upon mutual agreement of
Pangasinan Warehouse - SMFI -Feeds San Nicolas, Villasis, Pangasinan Rented Good 163,200.00 December 31, 2020 both parties
(Ongoing renewal)
Renewable upon mutual agreement of
Bulacan Warehouse - SMIS Rosas Norte, Brgy Saluysoy, Meycauyan, Bulacan Rented Good 1,788,007.61 June 30, 2021
both parties
Renewable upon the expiry of its contract
term for the like period(s) under the same
Navotas Warehouse - Poultry Lapu-Lapu Ave. cor. Northbay Blvd., Navotas City Rented Good 6,514,420.00 September 30, 2021
terms and conditions, except as may be
otherwise agreed by the parties in writing.
Continuing unless
terminated and Renewable upon mutual agreement of
San Fernando Warehouse - Feeds San Vicente, San Fernando, La Union Rented Good 342,426.79
agreed by both both parties
parties
Continuing unless
terminated and Renewable upon mutual agreement of
San Fernando Warehouse - Feeds Rizal, Moncada, Tarlac Rented Good 470,383.20
agreed by both both parties
parties
Laguna Warehouse - SMFI - Poultry Denson Whse, Brgy Parian, Calamba, Laguna Rented Good 141,490.00 July 31, 2021 Renewable every 5 years
Others (Blast Freezing Facility/Selling Station/Slaughterhouse)
888 Quezon Rd, Brgy. San Isidro, San Simon,
Pampanga Selling Station -Meats Rented Good 58,000.00 June 30, 2024 Renewable every 5 years
Pampanga

Page 20
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
PACKAGING BUSINESS
A. DOMESTIC
1 SAN MIGUEL YAMAMURA PACKAGING CORPORATION
SMYPC Main Office, SMYPC Trading and SMYPC Contract Packaging
Building / Office Space San Miguel Properties Centre, Saint Francis St., Owned Good
Mandaluyong City
SMYPC Rightpak Plant, SMYPC Canlubang PET & Caps Plant, SMYPC MCLP Canlubang Plant and SMYPC Leasing Operations
Land Canlubang Industrial Estate, Canlubang, Laguna Owned Good
SMYPC Cebu Beverage Packaging Plant, SMYPC Cebu Glass Plant and SMYPC MCLP Mandaue Plant
Land SMC Mandaue Complex, Hi-way, Tipolo, Mandaue City, Owned Good
Cebu
SMYPC Cebu Beverage Packaging Plant & SMYPC Cebu Glass Plant
Warehouse SMC Wharf, Tipolo, Mandaue City, Cebu Owned Good
SMYPC Cebu Glass Plant
Warehouse Quano Wharf, Mandaue City Owned Good
Warehouse Tabok, Mandaue City Rented Good 1,053,360.00 November 22, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouse Sitio Bangkerohan, Tayud, Consolacion Rented Good 453,065.00 July 31, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouse Tayud, Consolacion Rented Good 680,240.00 June 30, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouse CLD Ouano Wharf, Mandaue City, Cebu Rented Good 215,000.00 June 30, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouse Mega Warehouse, SMC Complex, Mandaue City Owned Good
SMYPC San Fernando Bev. Packaging Plant
Land and Warehouse Brgy. Maimpis, City of San Fernando, Pampanga (Gate Owned Good
2, SMC PET Plant)
SMYPC Pet Recycling Plant and SMYPC MCLP San Fernando Plant
Land SMC San Fernando Complex, Quebiauan, San Owned Good
Fernando City
SMYPC Manila Glass Plant
Land Muelle dela Industria St., Binondo, Manila City Owned Good
Warehouse San Fernando Brewery, San Fernando, Pampanga Owned Good
Warehouses No. 35 Calle Malusak, San Pablo, Malolos City, Bulacan Rented Good 727,005.00 April 01, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouses No.10 T. Santiago St., Plastic City Compound, Rented Good 172,125.00 December 31, 2021 Renewable for a period in accordance with
Canumay, Valenzuela City the mutual written agreement of both
parties
Warehouse Sitio Torres, Sta. Cuz, Porac, Pampanga Rented Good 176,446.57 December 31, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouse 162 Balite, San Fernando, Pampanga Rented Good 595,000.00 April 01, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouse Alliance Textiles Mills Barangay Banay Banay, Rented Good 526,150.00 December 31, 2021 Renewable for a period in accordance with
Cabuyao, Laguna the mutual written agreement of both
parties

Page 21
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Warehouse LIIP-PEZA, Mamplasan, Biñan, Laguna Rented Good 1,239,444.64 March 30, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties, With additional PR for 6 months

SMYPC Glass Business Office

Land Barrio Halayhay, Tanza, Cavite Owned Good
SMYPC Manila Plastics Plant
Warehouses #30, #32, #33 and #34 T. Santiago Street, Canumay, Rented Good 1,271,455.66 March 31, 2021 Renewable for a period in accordance with
Valenzuela City the mutual written agreement of both
parties
Warehouse #276 Boontown Industrial Park Brgy. Tambobong, Rented Good 512,727.24 September 30, 2021 Renewable for a period in accordance with
Bocaue , Bulacan the mutual written agreement of both
parties
Warehouse Pulang Lupa, Valenzuela Rented Good 1,066,682.10 March 31, 2022 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouse Quano Wharf, Mandaue City Owned Good
SMYPC MPP Cebu Operations
Warehouse Mandaue Cebu Owned Good
Warehouse CBPP, SMC Complex, Mandaue City Owned Good
Warehouse Sitio Bangkerohan, Tayud, Consolacion Rented Good 800,000.00 August 01, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
SMYPC SMY Glass Plant
Land Km 27, Aguinaldo Highway, Imus, Cavite Owned Good
Land & Warehouse Canlubang Industrial Estate, Canlubang, Laguna Owned Good
Common Goal Warehouse 7001 Aguinaldo Highway, Brgy. Salitran, Dasmariñas Rented Good 1,619,005.08 December 31, 2021 Renewable for a period in accordance with
City the mutual written agreement of both
parties
Warehouse Quezon Road, San Simon, Pampanga Rented Good 2,125,700.00 October 31, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Welbourne Warehouse Blk02 Lot31, Welborn Industrial Park, BRGY Bancal, Owned Good
Carmona Cavite
Warehouse Tagoloan, Misamis Oriental Owned Good
SMYPC Logistics Services
Warehouse Alliance Textiles Mills Barangay Banay Banay, Rented Good 2,002,600.00 May 31, 2022 Renewable for a period in accordance with
Cabuyao, Laguna the mutual written agreement of both
parties
Warehouse Alliance Textiles Mills Barangay Banay Banay, Rented Good 273,020.00 August 31, 2021 Renewable for a period in accordance with
Cabuyao, Laguna the mutual written agreement of both
parties
2 SMC YAMAMURA FUSO MOLDS Governor Dr., Bo. De Fuego, Bgy. San Francisco, Gen. Owned Good
CORPORATION Trias, Cavite

Page 22
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
3 MINDANAO CORRUGATED
FIBREBOARD, INC.
Land Km 12 Sasa, Davao City Owned Good
Warehouses Sitio Ilang, Brgy. Tibungco, Davao City Rented Good 851,330.20 September 30, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouses Brgy. Casinglot, Tagoloan, Misamis Oriental Rented Good 339,045.00 March 31, 2021 Renewable for a period in accordance with
the mutual written agreement of both
parties
Warehouses National Highway Casinglot, Tagoloan, Misamis Oriental Rented Good 225,000.00 September 30, 2021 One year contract only. End of term per
contract is September 30, 2021.
4 CAN ASIA, INC.
Land Bgy. San Francisco de Malabon, Gen. Trias, Cavite Owned Good
B. INTERNATIONAL
5 SAN MIGUEL YAMAMURA 9/F Citimark Building, 28 Yuen Shun Circuit, Siu Lek Owned by San Miguel Good
PACKAGING INTERNATIONAL LTD. Yuen, Shatin, N.T. Hongkong, PRC Brewery Hong Kong Ltd
AND SAN MIGUEL YAMAMURA (SMBHK) (Owner is
GLASS (VIETNAM) LTD. SMBHK, Lesee is
Neptunia Corporation
Limited (NCL) and rent
payable by NCL)
6 ZHAOQING SAN MIGUEL
YAMAMURA GLASS COMPANY LTD.

Plant 12 North Avenue, Housha St., Zhaoqing City Land Use Rights Good
Guangdong Province, PRC
Warehouse Duanzhou Science and Technology Industrial Area, Rented Good 186,580.83 September 30, 2021 Renewable for a period in accordance with
Zhaoqing City the mutual written agreement of both
parties
Warehouse Duanzhou Science and Technology Industrial Area, Rented Good 600,131.92 October 31, 2022 Renewable for a period in accordance with
Zhaoqing City the mutual written agreement of both
parties
Warehouse The sixth workshop of Xijiang Machinery Rented Good 37,405.30 March 31,2021 Renewable for a period in accordance with
Factory，Zhaoqing City the mutual written agreement of both
parties
7 FOSHAN SAN MIGUEL YAMAMURA 3 Dongdi Road, Junan Township, Guangdong Province, Land Use Rights Good
PACKAGING COMPANY LTD. PRC

8 SAN MIGUEL YAMAMURA 17-A Ngo Quyen St., Ngo Quyen District, Haiphong City, Land Use Rights Good
HAIPHONG GLASS COMPANY LTD. Vietnam

9 SAN MIGUEL YAMAMURA PHU THO 1 Le Van Khuong Street, Hiep Thanh Ward, District 12, Land Use Rights Good
PACKAGING COMPANY LTD. Ho Chi Minh City, Vietnam
10 SAN MIGUEL YAMAMURA PLASTICS No. 172, Jalan Usaha 5, lots 83, 84, 85, 75, 76 Ayer Owned Good
FILMS SDN. BHD. Keroh Industrial Estate, 75450 Melaka, Malaysia
11 SAN MIGUEL YAMAMURA Lot 5078 and 5079, Jalan Jenjarum 28/39, Seksyen 28, Owned Good
PACKAGING AND PRINTING SDN. 40400 Shah Alam, Selangor Darul Ehsan, Malaysia
BHD. AND PACKAGING RESEARCH
CENTRE SDN. BHD.

Page 23
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
12 SAN MIGUEL YAMAMURA WOVEN
PRODUCTS SDN. BHD.
Office Space Lot 9 and 10, Jalan Usuha 4, Ayer Keroh Industrial Owned Good
Estate, 75450 Melaka, Malaysia
Lot 4305, Jalan Usaha 8, Ayer Keroh Industrial Estate,
75450 Melaka, Malaysia
Plant Lot 75, Jalan Usaha 5, Ayer Keroh Industrial Estate, Rented Good RM20,748.00 December 31, 2021 Renewable upon mutual agreement of
75450 Melaka both parties
Warehouse Lot 4320, Jalan Usaha 6, Ayer Keroh Industrial Estate, Rented Good RM 6,500.00 March 31, 2021 Renewable upon mutual agreement of
75450 Melaka, Malaysia both parties
13 INSA ALLIANCE SDN. BHD.
Office Space Plo 64 & Plo 65, Jln Kejuteraan 4, Kaw. Perindustrian, Owned Good
Jln Genuang, 85000 Segamat, Johor.
Plant Plo 64 & Plo 65, Jln Kejuteraan 4, Kaw. Perindustrian, Owned Good
Jln Genuang, 85000 Segamat, Johor.
Warehouse Plo 136, Jln Kejuteraan 4, Kaw. Perindustrian, Jln Owned Good
Genuang, 85000 Segamat, Johor.
Warehouse Plo 97, Jln Kejuteraan 4, Kaw. Perindustrian, Jln Rented Good AUD 2,000.00 August 31, 2021 Renewable upon mutual agreement of
Genuang, 85000 Segamat, Johor. both parties
14 SAN MIGUEL YAMAMURA
AUSTRALASIA
Office 1 Culverston Road, Minto NSW, Australia Rented Good AUD 113,841.71 July 31, 2027 Renewable upon mutual agreement of
both parties
Production 21 Huntsmore Road, Minto NSW, Australia (Unit 1) Rented Good AUD 22,532.72 July 31, 2027 - Unit 1 Renewable upon mutual agreement of
both parties
SMYC PTY LTD
Warehouse 117-121 Lewis Rd, Knoxfield, Victora Rented Good AUD 57,792.47 July 31, 2027 Renewable upon mutual agreement of
both parties
Warehouse Warehouse 5, Acacia Link Industrial Estate, 25 Rented Good AUD 29,668.10 April 30, 2022 Renewable upon mutual agreement of
Industrial Crescent, Willawong, Queensland both parties
Warehouse 30-32 Rosberg Rd, Wingfield, South Australia Rented Good AUD 45,229.63 June 18, 2022 Renewable upon mutual agreement of
both parties
Warehouse 52 McDowell Street Welshpool, Western Australia Rented Good AUD 36,093.35 September 30, 2024 Renewable upon mutual agreement of
both parties
Warehouse 22 Kinta Drive, Beresfield, Newcastle Rented Good AUD 7,053.91 November 30, 2021 Renewable upon mutual agreement of
both parties
Warehouse 10-12 Linear Court, Derwent Park, Tasmania Rented Good AUD 14,691.33 November 16, 2021 Renewable upon mutual agreement of
both parties
SMYP PTY LTD
Plant 21 Huntsmore Road, Minto NSW, Australia (Unit 2) Rented Good AUD 20,014.36 July 31, 2027 Renewable upon mutual agreement of
both parties
Warehouse 21 Huntsmore Road, Minto NSW, Australia (Unit 3) Rented Good AUD 29,107.40 July 31, 2030 Renewable upon mutual agreement of
both parties
Plant 114-118 Talinga Road, Cheltenham, Victora Rented Good AUD 71,566.13 January 01, 2028 Renewable upon mutual agreement of
both parties
Plant 13-15 Wangara Road, Sandringham, Victoria Rented Good AUD 45,045.08 November 06, 2022 Renewable upon mutual agreement of
both parties
Plant 160 May Terrace Ottoway, South Australia Rented Good AUD 77,490.59 October 17, 2026 Renewable upon mutual agreement of
both parties

Page 24
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Plant Lionels Vineyard, Payne Road Jindong, Western Rented Good AUD 22,590.78 October 04, 2022 Renewable upon mutual agreement of
Australia (Margaret River) both parties
Plant Cnr Sayer and Mandogalup Road, Hope Valley, Rented Good AUD 25,166.66 December 31, 2025 Renewable upon mutual agreement of
Western Australia (Perth) both parties
Plant Barrel Store Number 2, Hanwood Estate Winery, Jack Rented Good AUD 7,879.77 September 30, 2023 Renewable upon mutual agreement of
McWilliams Road, NSW (Griffith) both parties
SMYV PTY LTD
Plant/Office 34-38 Aldershot Road, Lonsdale South Australia Owned Good
Barossa Bottling Pty Ltd
Plant/Office Lot 147, Sturt Highway, Nuriootpa, South Australia Rented Good AUD 10,637.72 July 31, 2022 Renewable upon mutual agreement of
both parties
SMYBB Pty Ltd
Plant/Office 463-469 & 487-501 Cowra Avenue, Mildura, Victora Rented Good AUD 60,546.57 August 01, 2022 Renewable upon mutual agreement of
both parties
Plant/Office 503-513 Cowra Avenue, Mildura, Victora Rented Good AUD 26,514.08 May 16, 2025 Renewable upon mutual agreement of
both parties
SMYJ Pty Ltd
Plant/Office 50 Bond Street Mordialloc Victora Rented Good AUD 24,612.93 July 10, 2023 Renewable upon mutual agreement of
both parties
Plant/Office 48 Bond Street Mordialloc Victora Rented Good AUD 19,403.37 July 29, 2025 Renewable upon mutual agreement of
both parties
15 COSPAK LIMITED 27 Ross Reid Place, East Tamaki, Auckland, New Rented Good NZD 130,368.28 July 31, 2026 Renewable upon mutual agreement of
Zealand both parties
16 FOSHAN NANHAI COSPAK Beijia Team of Niande Village Committee, Nanfeng Rented Good ¥ 60,262 October 31, 2023 Renewable upon mutual agreement of
PACKAGING COMPANY LIMITED Road, Leping Town, Sanshui District, Foshan City, both parties
Guangdong Province, PRC
FUEL AND OIL BUSINESS
1 PETRON CORPORATION
Refinery and Powerplant
Petron Bataan Refinery Petron Bataan Refinery, Limay, Bataan Owned Good
Power Plant (Units 1, 2, 3 and 4) Brgy. Lamao, Limay, Bataan Owned Good
Metro Manila and Manufacturing
Rented Except Renewable upon mutual agreement of
Terminal (Navotas) PFDA CMPD., Navotas, M.M. Good 3,173,404.69 Aug 26, 2039
Building & Facilities both parties
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Rosario) Gen. Trias, Rosario, Cavite Good 257,606.37 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Pandacan) Jesus St., Pandacan, Manila Good 2,484,715.38 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Block 12, 13 and 14 Harbour Centre, North Harbor,
Lube Oil Manufacturing Plant Owned Good
Tondo, Manila
Laoag Airport Installation, Laoag Airport, Brgy. Araniw, Rented Except Renewable upon mutual agreement of
Airport Installations Good 3,180.00 October 31, 2029
Laoag City Building & Facilities both parties
NAIA Airport Installation (Petron) & JOCASP, JOCASP Rented Except
Airport Installations Good 804,833.47 December 31, 2035 Renewable at the option of the lessee
Compound, NAIA Complex, Pasay City Building & Facilities

Page 25
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Luzon Operations
Rented Except
Terminal (Palawan) Brgy. Masipag, Puerto Princesa City Good 216,000.00 November 30,2023 Renewable at the option of the lessee
Building & Facilities
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Palawan) Parola, Brgy. Maunlad, Puerto Princesa City, Palawan Good 4,222.12 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Sitio Camangui, Brgy. Santa Rosa del Sur, Pasacao, Rented Except Jan - 466,357.50 Renewable upon mutual agreement of
Sales Office (Pasacao) Good May 31, 2027
Camarines Sur Building & Facilities Jun - 489,675.38 both parties
Rented Except Jan - 297,020.48 Renewable upon mutual agreement of
Terminal (Poro) Poro Pt.,San Fernado, La Union Good February 28, 2023
Building & Facilities Mar - 314,841.71 both parties
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Poro) Poro Pt.,San Fernado, La Union Good 22,279.97 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Rented except Building Renewable upon mutual agreement of
Terminal (Poro) Poro Pt.,San Fernado, La Union Good 25,300.00 June 01, 2021
& Facilities both parties
Sixteen Enterprises Compound, Brgy. Masipit, Calapan Jan - 25,467.75 Renewable upon mutual agreement of
Sales Office (Calapan) Rented Good June 30, 2022
City, Oriental Mindoro Jul - 26,741.14 both parties
Purok Tagumpay 2, Brgy. Caminawit, San Jose, Renewable upon mutual agreement of
Sales Office (San Jose) Rented Good 17,000.00 April 30, 2021
Occidental Mindoro both parties
Rented except Building Renewable upon mutual agreement of
Sales Office (Masbate) Masbate Good 4,759.53 December 31, 2021
& Facilities both parties
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Batangas) Bo. Mainaga, Mabini, Batangas Good 41,987.17 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Renewable upon mutual agreement of
Rented Except
Terminal (Bataan) Limay, Bataan Good 1,611.84 August 31, 2018 both parties
Building & Facilities
(With pending court case)
Sales Office (Odiongan) Brgy Poctoy, Odiongan, Romblon Rented Good 67,175.33 December 31, 2051 Renewable at the option of the lessee
Visayas Operations
Rented Except
Depot (Amlan) Tandayag, Amlan, Negros Oriental Good 54,851.58 November 30, 2032 Renewable at the option of the lessee
Building & Facilities
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Bacolod) Bo. San Patricio, Bacolod City, Negros Occidental Good 79,672.14 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Terminal (Bacolod) Bo. San Patricio, Bacolod City, Negros Occidental Owned Good
Depot (Siquijor Mini BP) Candanay Sur, Siquijor Owned Good
Rented Except Renewable upon mutual agreement of
Terminal (Iloilo) Lapuz, Iloilo City Good 1,262,518.00 August 31, 2023
Building & Facilities both parties
Continuing unless
Rented Except terminated and Renewable upon mutual agreement of
Depot (Isabel) LIDE, Isabel, Leyte Good 256,915.58
Building & Facilities agreed by both both parties
parties
December 2045 -
MCIAA
Rented Except 780,000 - MCIAA Continuing unless terminated by both
Terminal (Mactan) MEPZ, Lapu- lapu City Good Continuing unless
Building & Facilities 10,218.75 - PEZA parties
terminated by both
parties - PEZA

Page 26
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Ormoc) Bo. Linao, Ormoc City, Leyte Good 25,283.83 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Rented Except Renewable upon mutual agreement of
Terminal (Ormoc) Bo. Linao, Ormoc City, Leyte Good 5,000.00 May 31, 2025
Building & Facilities both parties
Terminal (Roxas) Sitio Pook, Brgy. Culasi, Roxas, City Owned Good
Renewable upon mutual agreement of
Rented Except PNOC - 14,354.61 August 31, 2018 both parties
Terminal (Tacloban) Anibong, Tacloban City Good
Building & Facilities Domingo Lot - 375,000 January 2, 2039 (Expired in 2018 - With pending court
case, Ongoing lease renewal)
Renewable upon mutual agreement of
Rented Except
Depot (Tagbilaran) Graham Ave., Tagbiliran, Bohol Good 4,401.92 August 31, 2018 both parties
Building & Facilities
(With pending court case)
Renewable upon mutual agreement of
August 31, 2018
Rented Except both parties
Terminal (Mandaue) Looc, Mandaue City, Cebu Good 360,293.37 March 31, 2028
Building & Facilities (Expired in 2018 - With pending court
January 1, 2038
case, Ongoing renewal)
Continuing unless
Terminal has an ongoing application with
Rented Except terminated and
Airport Installations Iloilo Airport, Cabatuan, Iloilo City Good 60,200.00 CAAP Iloilo for a long term contract in Iloilo
Building & Facilities agreed by both
(20-25 yrs)
parties
Mindanao Operations
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Davao) Km. 9, Bo. Pampanga, Davao City Good 158,031.23 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Terminal (Bawing) Purok Cabu, Bawing, General Santos City Owned Good
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Iligan) Bo. Tomas Cabili, Iligan City, Lanao del Norte Good 9,903.68 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Terminal (Iligan) Bo. Tuminobo, Iligan City, Lanao del Norte Owned Good
Rented Except December 16, 2024 Renewable upon mutual agreement of
Terminal (Jimenez) Jimenez, Misamis Occidental Good 200,000.00
Building & Facilities and March 2, 2035 both parties
Terminal (Nasipit) Talisay, Nasipit, Agusan del Norte Owned Good
Terminal (SL Phividec) SL Phividec, Mindanao Owned Good
Renewable upon mutual agreement of
Rented Except both parties
Tagoloan, Misamis Oriental PNOC- 13,836 sq m Good 13,653.54 August 31, 2018
Building & Facilities (With pending court case)
Terminal (Tagoloan) (Ongoing lease renewal)
Rented Except Renewable at the option of the lessee
Tagoloan, Misamis Oriental - 13,499 sq m. Good 11,083.22 December 31, 2020
Building & Facilities (Ongoing lease renewal)
Tagoloan, Misamis Oriental PHIVIDEC/NVRC (FLA)- Rented Except
Good 11,733.13 February 9, 2034 Renewable at the option of the lessee
19,965 sq m. Building & Facilities
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Zamboanga) Bgy. Campo Islam, Lower Calarian, Zamboanga City Good 31,269.35 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Rented Except Renewable upon mutual agreement of
Airport Installations Laguindingan, Misamis Oriental CAAP- 4000 sq m. Good 201,187.50 March 31, 2040
Building & Facilities both parties
Page 27
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Rented Except Renewable upon mutual agreement of
Airport Installations Davao Airport Good 32,262.50 May 31, 2028
Building & Facilities both parties
Rented Except
Airport Installations Zamboanga International Airport Good 7,045.00 November 30, 2029 Renewable at the option of the lessee
Building & Facilities
Gasul Operations
Renewable upon mutual agreement of
Rented Except both parties
Depot (LPG Operation) Lakandula Drive, brgy. Bonot, Legaspi City Good 43,169.61 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Renewable upon mutual agreement of
Rented Except both parties
Depot (Gasul - San Fernando) Brgy Dela Paz Norte, San Fernando, Pampanga Good 9,691.29 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
Refilling Plant (San Pablo) San Pablo Owned Good
Renewable upon mutual agreement of
Rented Except both parties
Terminal (Gasul – Pasig) Bo. Ugong, C5,Pasig, M.M Good 955,475.80 August 31, 2018
Building & Facilities (With pending court case)
(Ongoing lease renewal)
PETRON MALAYSIA REFINING &
2
MARKETING BHD
Refinery
Port Dickson Refinery Lot 2645 - Lot 2648, 1222, 1593-1595, 1757, 1803, Owned Good
1805, 1836, 1838, 1926-1930 & 2278, Port Dickson,
Negeri Sembilan
Lumut LPP plant Lot 15636, Lumut Port Industrial Park, Mukim Lumut, Owned Good
Jalan Kampung Acheh, Sitiawan, Perak.
Terminals and Depots
Port Dickson Terminal Batu 1.5, Jalan Pantai, 71009 Port Dickson, Negeri Owned Good
Sembilan
Bagan Luar Terminal Lot 95-125, Lot 2327-2338 Section 4 Butterworth, Owned Good
Seberang Perai Utara, Penang
KLIA Aviation Depot Forward Fuel Base, Jalan FFB Kuala Lumpur Rented Good MYR 8,976.00 Continuing unless Contract automatically renewed on yearly
International Airport (KLIA) 64000 Sepang Selangor terminated and basis unless terminated in accordance with
Darul Ehsan, Malaysia agreed by both the termination provision in the agreement
parties
KVDT- MPP (Tie-in facilities for GM 1397 Lot 194 Mukim and Daerah Port Dickson Rented Except Good MYR 6,300 June 30, 2023 Renewable upon mutual agreement of
MPP/KVDT) Negeri Sembilan Building & Facilities both parties

Page 28
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
PETRON FUEL INTERNATIONAL SDN
3
BHD
Kuantan Terminal Lot 1863, Mukim Sungai Karang, Tanjung Gelang, Rented Good Terminal 1 Terminal 1 Current rate is RM12.06 per square meter
Kuantan Port, 26100 Kuantan. PAHANG MYR 18,983.98 Dec 2027 per year from 1st January 2016 until 31st
Dec 2018 and shall be increased by 10%
on 1st January 2019 and after every three
(3) years thereafter

Current rate is RM12.06 per square meter

Terminal 2 Terminal 2 per year from 1st January 2018 until 31st
MYR 17,898.05 Dec 2027 Dec 2018 and shall be increased by 10%
on 1st January 2019 and after every three
(3) years thereafter

Pasir Gudang Terminal Jalan Cecair Satu, Kawasan Perdagangan Bebas, Rented Good MYR 9,788 June 2051 An option for renewal for a period of thirty
Lembaga Pelabuhan Johor, 81700 Pasir Gudang, (30) years.
Johor.
Note: Revision of assessment fee effective
2017 by Johor Port after approval by
MPPG.
Westport JV Terminal Bersama Sdn Bhd, Jeti Petrokimia, Rented Good MYR 54,994.50 Aug 2024 Renewable upon expiry of lease term
Pelabuhan Barat, 49290 Pulau Indah, Selangor
4 PETRON OIL (M) SDN BHD
Tawau Terminal Jalan Tg Batu Laut, 91000 Tawau, Sabah Good MYR .125 October 2902 No option stated in the agreement
Rented Except
(Yearly Rental - MYR 1.50)
Building & Facilities
Sandakan Terminal Jalan Kampung Karamunting, Sandakan, Sabah Good MYR 587.7 May 2022 No option stated in the agreement
Rented Except
Building & Facilities
Sepangar Bay Terminal P.O. Box 10558, Kota Kinabalu 88806, Sabah Good MYR 25,333.33 July 2031 An option for renewal for a period of thirty
Rented Except
(Yearly Rental - (15) years.
Building & Facilities
MYR 304,000.00)
ENERGY BUSINESS
1 SAN MIGUEL ENERGY CORPORATION
1000 MW Sual Coal-Fired Thermal Brgy. Pangascasan, Sual, Pangasinan IPPA with PSALM Good
Power Plant
2 SOUTH PREMIERE POWER CORP.
1200 MW Ilijan Natural Gas Brgy. Ilijan, Batangas City, Batangas IPPA with PSALM Good
Combined Cycle Power Plant
3 STRATEGIC POWER DEVT. CORP.
345 MW San Roque Multi-Purpose Brgy. San Roque, San Manuel, Pangasinan IPPA with PSALM Good
Hydroelectric Power Plant

Page 29
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
4 SMC CONSOLIDATED POWER CORPORATION (SCPC) (a)
Phase I - 2 X 150 MW Coal-Fired Brgy. Lamao, Limay, Bataan Owned Good
Power Plant (Units 1 and 2)
Phase II - 2 X 150 MW Coal-Fired Brgy. Lamao, Limay, Bataan Owned Good
Power Plant (Units 3 and 4)
Land - Site 1 (where a portion of the Brgy. Lamao, Limay, Bataan Owned Good
Phase I power plant and related
facilities are situated)
Land - Site 2 (where a portion of the Brgy. Lamao, Limay, Bataan Owned Good
Phase II power plant and related
facilities are situated)
Land (Ash Dump Facility) Brgy. Lamao, Limay, Bataan Owned Good
Offshore/Foreshore land Brgy. Lamao, Limay, Bataan Rented Good 2,034,084.17 December 2042 Renewable for another 25 years at the
option of the Lessor
Land - Site 3 (where a portion of the Brgy. Lamao, Limay, Bataan Rented Good 344,792.50 March 2042 Renewable for another 25 years to be
Phase II power plant and related agreed by both parties
facilities are situated)
5 SAN MIGUEL CONSOLIDATED POWER CORPORATION (SMCPC) (b)
2 X 150 MW Coal-Fired Power Plant Brgy. Culaman, Malita, Davao Occidental Owned Good
(Units 1 and 2)
5 X 1.6 MW Diesel Generator Set Brgy. Baliwasan, San Jose Road, Zamboanga City, Owned Good
Zamboanga Del Sur
Land (where Units 1 and 2 power Brgy. Culaman, Malita, Davao del Sur Owned Good
plant and related facilities are
situated)
Offshore/Foreshore land Brgy. Culaman, Malita, Davao Occidental Rented Good 55,300.51 February 2043 Renewable for another 25 years at the
option of the Lessor
Offshore/Foreshore land Brgy. Culaman, Malita, Davao Occidental Rented Good 558,354.47 February 2043 Renewable for another 25 years at the
option of the Lessor
6 GRAND PLANTER INTERNATIONAL INC.
Land - Site 1 (where a portion of the Brgy. Lamao, Limay, Bataan Owned Good
SCPC Phase I and II power plants
and related facilities are situated)

Land - Site 1 (where the 20 MW Brgy. Lamao, Limay, Bataan Owned Good
battery enegry storage project of
UPSI is situated)
Land - Site 2 Brgy. Alangan, Limay, Bataan Owned Good
Land - Project Expansion San Carlos City, Negros Occidental Owned Good
7 ONDARRE HOLDING CORPORATION
Land Brgy. Wack-Wack, Greenhills, Mandaluyong City Owned Good
8 DAGUMA AGRO-MINERALS, INC.
Land Tambler, General Santos City Owned Good
9 ALPHA WATER REALTY SERVICES CORPORATION (c)
Land (where Units 1-3 of MPPCL Brgy. Bani, Masinloc, Zambales Owned Good
power plant and related facilities and
the 10 MW battery energy storage
project are situated)

Page 30
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
10 MASINLOC POWER PARTNERS CO. LTD. (MPPCL) (c)
330 MW coal-fired power plant Brgy. Bani, Masinloc, Zambales Owned Good
(Unit 1)
344 MW coal-fired power plant Brgy. Bani, Masinloc, Zambales Owned Good
(Unit 2)
335 MW coal-fired power plant Brgy. Bani, Masinloc, Zambales Owned Under
(Unit 3) commissioni
ng phase
10 MW battery energy storage Brgy. Bani, Masinloc, Zambales Owned Good
project
Land (where Units 1-3 power plant, Brgy. Bani, Masinloc, Zambales Rented Good Lease with PSALM - April 2028 With assignable option to purchase
and related facilities, and the 10 US$3,966.43
MW battery energy storage project
are situated)
11 SMCGP PHILIPPINES ENERGY STORAGE CO. LTD.
Land Brgy. Binicuil, Kabankalan, Negros Occidental Owned Good
2 X 20 MW battery energy storage Brgy. Binicuil, Kabankalan, Negros Occidental Owned Ongoing
system construction
12 ALBAY POWER AND ENERGY CORPORATION
Land used for operating and Renewable upon mutual agreement by
Legazpi City Albay. Rented Good 22,500.00 December 2021
maintaining the 40-MVA Substation. both parties.

Land used for operating and Renewable upon mutual agreement by

Centro Occidental, Polangui, Albay Rented Good 25,000.00 Febraury 2024
maintaining the 20-MVA Substation. both parties.
13 MARIVELES POWER GENERATION CORPORATION
Land (where the 4 X 150MW coal-
Mariveles, Bataan Owned Good
fired power plant will be located)
Land (where the transmission
Mariveles, Bataan Owned Good
network project is situated)
14 STRATEGIC ENERGY DEVELOPMENT INC.
15 MW Diesel-Fired Power Plant Brgy. Magdum, Tagum City Owned Good
Land (where 15 MW Diesel-Fired
Brgy. Magdum, Tagum City Owned Good
Power Plant is situated)
15 TOPGEN ENERGY DEVELOPMENT INC.
Land Barrio of Centro Occidental, Municipality of Polangui,
Owned Good
Province of Albay

Page 31
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
16 UNIVERSAL POWER SOLUTIONS, INC.
Land (where the 20 MW Malita
Ongoing
battery energy storage project is Brgy. Culaman, Malita, Davao Occidental Owned
construction
situated)
Land (where the 40 MW BCCPP
Ongoing Renewable upon mutual agreement by
battery energy storage project is Limay, Bataan Rented 195,741.00 April 15, 2045
construction both parties.
situated)
Land (where the 20 MW Jasaan
Ongoing Renewable upon mutual agreement by
battery energy storage project is Jasaan, Misamis Oriental Rented 2,160,000.00 April 15, 2045
construction both parties.
situated)
Land (where the 20 MW Toledo
Ongoing Renewable upon mutual agreement by
battery energy storage project is Calong-calong and Talevera, Toledo City, Cebu Rented 900,000.00 April 15, 2045
construction both parties.
situated)
Land (where the 20 MW Villanueva Brgy. Sta. Ana, Tagaloan and San Maritin , Villanueva,
Ongoing Renewable upon mutual agreement by
battery energy storage project is Phividec Industrial Estate of Misamis Oriental - Special Rented 295,740.00 June 04, 2045
construction both parties.
situated) Economic Zone (PIEMO-SEZ)
Land (where the 40 MW Navotas
Ongoing Renewable upon mutual agreement by
battery energy storage project is North Bay Boulevard, Navotas, Metro Manila Rented 764,632.80 April 30, 2036
construction both parties.
situated)
17 DEWSWEEPER INDUSTRIAL PARK, INC.
Land Brgy. Lipata, Padre Burgos, Quezon Owned Good
Land (for project expansion) Brgy. Ibabang Polo, Pagbilao, Quezon Owned Good
Land Brgy. Ilayang Polo, Pagbilao, Quezon Owned Good
INFRASTRUCTURE BUSINESS
1 SAN MIGUEL HOLDINGS CORP.
Office Space Wing A and B - 11/F San Miguel Properties Centre St. Owned Good
Francis Street, Mandaluyong City
Office Space 20/F San Miguel Properties Centre St. Francis Street, Owned Good
Mandaluyong City
Office Space - 83 sq meters No. 40 San Miguel Avenue, Mandaluyong City Owned Good
Office Space 4th Floor San Miguel Properties Center St. Francis Owned Good
Street Mandaluyong City
Office Space - 635.75 sq meters Unit C and D - 23rd Floor of the JMT Corporate Owned Good
Condominium, ADB Avenue, Ortigas Center, Pasig City

Office Space Unit A - 18th Floor of the JMT Corporate Condominium, Owned Good
ADB Avenue, Ortigas Center Pasig City

2 VERTEX TOLLWAYS DEVT. INC.

Office Space No. 40 San Miguel Ave., Mandaluyong City Owned Good
Office Space Ground Floor, TOB Doña Soledad Avenue, Bicutan, Owned Good
Paranaque City
Office Space Unit C 18th Floor of the JMT Corporate Condominium, Owned Good
ADB Avenue, Ortigas Center
3 TERRAMINO HOLDINGS, INC AND ASSETVALUES HOLDING COMPANY, INC.
Office Space 11F and 20/F San Miguel Properties Centre St. Francis Owned Good
Street, Mandaluyong City
4 UNIVERSAL LRT CORPORATION (BVI) LIMITED
Office Space 11/F San Miguel Properties Centre, St. Francis Street, Owned Good
Mandaluyong City

Page 32
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
5 TRANS AIRE DEVELOPMENT HOLDINGS, CORP.
Residential Building Caticlan, Malay, Aklan Rented Good 300,000.00 February 07, 2022 Subject to renewal or extension as
mutually agreed between the parties
Office Space Wing B 2/F San Miguel Building, 40 San Miguel Ave. Owned Good
Mandaluyong City
6 SMC TPLEX HOLDINGS COMPANY, INC. (Formerly: Rapid Thoroughfares, Inc.)
Land Emilio Vergara Highway Corner Mabini Street Owned Good
Extension, Sta. Arcadia, Cabanatuan, Nueva Ecija
Land Maharlika Highway, Malipampang, San Ildefonso, Owned Good
Bulacan
7 SMC TPLEX CORPORATION (Formerly: Private Infra Dev Corporation)
Head Office (Old) Unit 06 UG Pioneer Highlands Condo Tower 2, Pioneer
Owned Good
corner Madison Streets, Mandaluyong City
Head Office The JMT Bldg, ADB Ave. Ortigas Center, Pasig City Owned Good
ROW - Living quarters Renato E. Legaspi - Contract was terminated last January 31,
McArthur Hiway, Bued, Binalonan Pangasinan Rented Good January 31, 2021
P10,000 2021
ROW - Office Columba Aquino Liberato - Contract was terminated last January 31,
Brgy. Poblacion, Sison, Pangasinan Rented Good January 31, 2021
P16,000 2021
ROW - Office Columba Aquino Liberato - Contract was terminated last January 31,
Brgy. Poblacion, Sison, Pangasinan Rented Good January 31, 2021
P14,000 2021
ROW - Office & Lodging RCDC Property Rental - Subject to renewal or extension as
Cauringan, Sison Pangasinan Rented Good December 21, 2021
P24,000 mutually agreed between the parties
Fermina C. Marcena - Subject to renewal or extension as
DPWH Lodging Brgy. Asan Norte, Municipality of Sison, Pangasinan Rented Good December 21, 2021
P10,000 mutually agreed between the parties
Construction Office & Sitio Anoyao, Barangay Linmansangan, Binalonan Big Elephant Inland Resort- Subject to renewal or extension as
Rented Good December 21, 2021
Lodging/DPWH & IC Office Pangasinan P150,000 mutually agreed between the parties
8 OPTIMAL INFRASTRUCTURE DEVELOPMENT, INC.
Land Manila Harbour Centre, Brgy. 128 Zone 10 (Isla de Owned Good
Balut/Vitas), Tondo, Manila City
9 SLEEP INTERNATIONAL (NETHERLANDS) COOPERATIEF U.A.
Office Space Prins Bernhardplein 200, 1097 JB Amsterdam Owned by the Service Good
Provider
10 WISELINK INVESTMENT HOLDINGS, INC.
Office Space 40 San Miguel Avenue, Bgry. Wack-Wack Mandaluyong Owned Good
City
11 ATLANTIC AURUM INVESTMENTS B.V.
Office Space Museumlaan 2, 3581 HK, Utrecht, The Netherlands Owned by the Service Good
Provider
12 STAGE 3 CONNECTOR TOLLWAYS HOLDINGS CORPORATION
Office Space 40 San Miguel Avenue, Mandaluyong City Owned Good
13 CITRA CENTRAL EXPRESSWAY CORP
Office Space 4F Toll Operations Complex, Dona Soledad Ave., Better Owned by ROP Good
Living Subd., Paranaque City (Citra Metro Manila
Tollways Corporation
Concession Rights)
Office Space Unit D - 18th Floor of the JMT Corporate Condominium Owned Good
ADB Avenue, Ortigas Center Pasig City

14 CITRA METRO MANILA TOLLWAYS CORPORATION

Office Space 21st to 24th Floors One Magnificent Mile-CITRA Owned Good
Building, San Miguel Avenue, Ortigas Center 1605
Pasig City

Page 33
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Office Space 3/F Toll Operations Building, Doña Soledad Avenue, Owned Good
Brgy. Don Bosco, Parañaque City
15 SKYWAY O&M CORPORATION
Office Space 1st and 2nd Floors TOB Doña Soledad Avenue, Owned Good
Bicutan, Paranaque City
16 ALLOY MANILA TOLL EXPRESSWAYS INC.
Office Space GF Operations and Control Center, Km.44 South Luzon Owned by ROP Good
Expressway, Sitio Latian, Brgy. Mapagong, Calamba (South Luzon Tollway
City, Laguna Corporation
Concession Rights)
Land Km.44 Sitio Latian, Brgy. Mapagong, Calamba City, Owned Good
Laguna
17 JETHANDLER ASIA SERVICES, INC.
Office Space Caticlan, Malay, Aklan Rented Good 51,580.76 September 01, 2021 Renewable upon mutual agreement in
writing by the parties through their duly
authorized representatives
Office Space Caticlan, Malay, Aklan Rented Good 142,105.26 November 30, 2021 For pre-termination effective January 1,
2021
Lot Rental Caticlan, Malay, Aklan Rented Good 39,252.34 July 12, 2023 No renewal options
Lot Rental Caticlan, Malay, Aklan Rented Good 88,421.05 July 12, 2022 Renewable for another period of two (2)
years upon mutual agreement of the
parties
Stockroom Rental Caticlan, Malay, Aklan Rented Good 18,947.37 December 31, 2021 Subject to renewal or extension upon
expiration at the option of the LESSEE and
on such terms and conditions as may
mutually be agreed upon between the
parties
PNP Staffhouse Caticlan, Malay, Aklan Rented Good 8,421.05 December 31, 2021 Subject to renewal or extension upon
expiration at the option of the LESSEE and
on such terms and conditions as may
mutually be agreed upon between the
parties
AVSEC Barracks Caticlan, Malay, Aklan Rented Good 10,526.32 December 31, 2021 Subject to renewal or extension upon
expiration at the option of the LESSEE and
on such terms and conditions as may
mutually be agreed upon between the
parties
18 MANILA TOLL EXPRESSWAY SYSTEMS, INC.
Office Space GF Operations and Control Center, Km.44 South Luzon Owned by ROP Good
Expressway, Sitio Latian, Brgy. Mapagong, Calamba (South Luzon Tollway
City, Laguna Corporation
Concession Rights)
19 SMC INFRAVENTURES INC.
Office Space 40 San Miguel Avenue, Mandaluyong City Owned Good
20 SOUTH LUZON TOLLWAYS CORPORATION
LAND Lot 3122-C, Sitio Latian, Brgy. Mapagong, Calamba, Owned Good
Laguna
21 CITRA INTERCITY TOLLWAYS, INC.
Office Space 4F Toll Operations Complex, Dona Soledad Ave., Better Owned by ROP Good
Living Subd., Paranaque City (Citra Metro Manila
Tollways Corporation
Concession Rights)

Page 34
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Office Space Unit B 18th Floor of the JMT Corporate Condominium, Owned Good
ADB Avenue, Ortigas Center, Pasig City

22 CYPRESS TREE CAPITAL INVESTMENTS, INC.

Office Space 7th Floor, Electra House Building, 115-117 Esteban St., Owned Good
Legazpi Village, Makati City
23 STAR INFRASTRUCTURE DEVELOPMENT CORPORATION
Land Brgy. Lapu Lapu, Ibaan, Batangas Owned Good
SIDC OFFICE 7th Floor Electra House Condominium, 115- 117 Rented Good 48,049.82 January 31, 2021 Subject to renewal or extension as
Esteban St., Legaspi Village, Makati City mutually agreed between the parties
Office Space 2F Operations and Control center, Km 44 South Luzon Rented Good 18,830.26 December 31, 2021 Subject to renewal or extension as
Expressway, Sitio Latian, Brgy. Mapagong ,Calamba mutually agreed between the parties
City
24 STAR TOLLWAY CORPORATION
Office Space Brgy. Tambo, Lipa City, Batangas Owned by ROP Good
(Star Infrastructure
Development
Corporation
Concession Rights)
25 ULCOM COMPANY, INC.
Office Space 11/F San Miguel Properties Centre St. Francis Street, Owned Good
Mandaluyong City
26 SMC MASS RAIL TRANSIT 7, INC.
Office Space 40 San Miguel Avenue, Mandaluyong City Owned Good
Office Space GF 808 Bldg, Meralco Avenue Cor Gen Lim Street, Owned Good
Brgy. San Antonio, Pasig City
Office Space 4F 808 Bldg, Meralco Avenue Cor Gen Lim Street, Brgy. Owned Good
San Antonio, Pasig City
Office Space 808 Bldg, Meralco Avenue Cor Gen Lim Street, Brgy. Owned Good
San Antonio, Pasig City (Meeting Rooms G & H)
Office Space 808 Bldg, Meralco Avenue Cor Gen Lim Street, Brgy. Owned Good
San Antonio, Pasig City (Meeting Rooms I & J)
27 AEROFUEL STORAGE MANAGEMENT INC.
Office Space 11/F San Miguel Properties Centre St. Francis Street, Owned Good
Mandaluyong City
28 ARGONBAY CONSTRUCTION COMPANY, INC.
Office Space 11/F San Miguel Properties Centre St. Francis Street, Owned Good
Mandaluyong City
29 INTELLIGENT E- PROCESSES TECHNOLOGIES CORP.
Office Space 16th Floor Unit A, 45 San Miguel Building, 45 San Rented Good 211,250.00 May 31, 2021 Upon mutual agreement of the Lessor and
Miguel Avenue, Ortigas Center, Pasig City the Lessee, the lease may be renewed
under such terms and conditions
acceptable to the parties, provided,
however, that within ninety (90) days prior
to the expiration of the Lease Period, the
Lessee shall inform the Lessor in writing of
its intention to renew the lease. If no
written notice of renewal is received by the
Lessor from the Lessee during the said 90-
day period, the lease shall automatically
terminate upon the expiration of the
original Lease Period.

Page 35
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Office Space KM 44 South Luzon, Brgy. Mapagong, Sitio Latian, Rented Good 250,655.02 May 31, 2021 May be renewed upon mutual written
Calamba, Laguna agreement of the parties. Either party may
serve a written request for renewal on the
other party within ninety (90) days prior to
the expiration of the Lease Period;
provided that the party, upon whom such
notice is served, shall not be obliged to
agree to the renewal of the lease.

Office Space KM 44 South Luzon, Brgy. Mapagong, Sitio Latian, Rented Good 159,135.00 December 31, 2021 May be renewed upon mutual written
Calamba, Laguna agreement of the parties. Either party may
serve a written request for renewal on the
other party within ninety (90) days prior to
the expiration of the Lease Period;
provided that the party, upon whom such
notice is served, shall not be obliged to
agree to the renewal of the lease.

30 LUZON CLEAN WATER DEVELOPMENT CORPORATION

Office Space BBW Administration Bldg. Don Manuel F. Reyes Ave. Owned Good
PH 1, Gate 1, Pleasant Hills Subd., Brgy. San Manuel
City of SJDM, Bulacan 3023
31 PASIG RIVER EXPRESSWAY CORPORATION
Office Space 40 San Miguel Avenue, Mandaluyong City Owned Good
32 TPLEX OPERATIONS AND MAINTENANCE CORP
Office Space Brgy Baculong, Victoria, Tarlac Owned Good
Office Space Brgy Baculong, Victoria, Tarlac Owned Good
Office Space Brgy Palakipak, Rosales, Pangasinan Owned Good
33 SINCERE LUMBER CO., INC.
Land 1500 Quirino Ave., Paco, Manila City, Metro Manila Owned Good
34 SAN MIGUEL AEROCITY INC
Office Space Lower Penthouse, 808 Building, Meralco Avenue, Brgy Owned Good
Antonio Pasig City
Office Space 5th Floor, 808 Building, Meralco Avenue, Brgy Antonio Owned Good
Pasig City
35 SMC Central Access Link Expressway Corp.
Office Space 40 San Miguel Avenue, Bgry. Wack-Wack Mandaluyong Owned Good
City
36 SMC Marilao Access Link Expressway Corp.
Office Space 40 San Miguel Avenue, Bgry. Wack-Wack Mandaluyong Owned Good
City
37 SMC Northern Access Link Expressway Corp.
Office Space 40 San Miguel Avenue, Bgry. Wack-Wack Mandaluyong Owned Good
City
38 SMC Southern Access Link Expressway Corp.
Office Space 40 San Miguel Avenue, Bgry. Wack-Wack Mandaluyong Owned Good
City
39 SOUTH LUZON TOLL ROAD-5 EXPRESSWAY INC
Office Space No. 40 San Miguel Ave., Mandaluyong City Owned Good
39 ATLANTIC AURUM INVESTMENTS PHILIPPINES CORPORATION
Office Space 40 San Miguel Avenue, Mandaluyong City Owned Good

Page 36
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
40 MTD Manila Expressways, Inc.
Office Space 40 San Miguel Avenue, Bgry. Wack-Wack Mandaluyong Owned Good
City
41 ASSETVALUES HOLDING COMPANY INC
Office Space 11F and 20/F San Miguel Properties Centre St. Francis Owned Good
Street, Mandaluyong City
OTHERS
1 SAN MIGUEL CORPORATION
Iligan Coconut Oil Mill Sta.Filomena, Iligan City Owned Good
Land and Warehouse A. Del Rosario Ave., Brgy. Tipolo, Mandaue City Owned Good
Land Banilad, Mandaue - Petron Station Owned Good
Land Alfonso, Cavite - Management Training Center Owned Good
Office Space Meralco Ave., Pasig City - 808 Building Owned Good
Warehouse Only Northbay Blvd., Navotas, Metro Manila Owned Good
Land San Fernando, Pampanga - SMFI Poultry Owned Good
Office Space 40 San Miguel Ave., Mandaluyong City - SMC Owned Good
Corporate Office
Land San Rafael, Tarlac - Petron Station Owned Good
Land Tagaytay - Petron Station Owned Good
Land Tunasan - Petron Station Owned Good
Land Looc Ouano, Mandaue City Owned Good
Warehouse Only SMC Complex, Quebiawan, San Fernando, Pampanga Owned Good

2 REAL ESTATE BUSINESS

San Miguel Properties, Inc.
Bel Aldea Subdivision Brgy. San Francisco, Gen. Trias, Cavite Owned Good
Maravilla Subdivision Brgy. San Francisco, Gen. Trias, Cavite Owned Good
Asian Leaf Subdivision Brgy. San Francisco, Gen. Trias, Cavite Owned Good
Office Spaces San Miguel Properties Centre, Mandaluyong City Owned Good
Office Building 155 Edsa (SMITS), Ortigas Center, Mandaluyong City Owned Good

Land 620 Lee St., Mandaluyong City Owned Good

Land San Isidro Road corner Unnamed Road Lot, Brgy. Owned Good
Tatalon, Cabuyao, Laguna
Land and Building 808 Bldg. Meralco Avenue corner General Lim St., Brgy. Owned Good
San Antonio, Pasig City
Land Along Commerce Avenue Corner Asean Drive and Owned Good
Jakarta Lane, Filinvest Corporate City, Brgy. Alabang,
Muntinlupa City
Land Brgy. Canlubang and Majada, Calamba City, Laguna Owned Good
Land Barrio de Fuego, Gen. Trias, Cavite Owned Good
Land Barrio Sinaliw Munti, Alfonso, Cavite Owned Good
Land Brgys. of Mabatac, Sinaliw and Kaytitinga, Sitios of Owned Good
Amuyong and Haulian, Alfonso, Cavite
Land Brgys. Lourdes and Santiago, Lubao, Pampanga Owned Good
Land Cagay Road, Brgy. Asid, Masbate City Owned Good
Land Brgy. Tagabuli, Sta. Cruz, Davao del Sur Owned Good
Land Sitio Landing, Brgy. Darong, Sta. Cruz, Davao del Sur Owned Good

Land Brgy. Darong, Sta. Cruz, Davao del Sur Owned Good
Land Brgy. Bato, Sta. Cruz, Davao del Sur Owned Good
Land Brgy. Yapak, Boracay Island, Malay, Aklan Owned Good

Page 37
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Land 327 Brgy. Prenza-San Fermin, Cauayan City, Isabela Owned Good

Land 471 F. Ortigas St., Brgy. Hagdang Bato Libis, Owned Good
Mandaluyong City
Land/Building/Improvements San Miguel Corporation - Head Office Complex, No. 40 Owned Good
San Miguel Avenue, Mandaluyong City
Land Dr. A Santos Ave. (Sucat Road), Parañaque City Owned Good
Land Brgy. Boot, Tanuan, Batangas Owned Good
Land Brgy. Glamang (Silway), Polomolok, South Cotabato Owned Good
Land Maragondon / Mabacao - Magallanes Road, Brgy. Owned Good
Mabato, Maragondon, Cavite
Land Acacia St., Brgy. Hagdang Bato, Mandaluyong City Owned Good
Land Sixto Avenue, Maybunga, Pasig City Owned Good
Land National Road, Brgy. Bunawan, Davao City Owned Good
Land Crestview Heights Subd., San Roque, Antipolo, Rizal Owned Good
Land and Building Crestview Circle, Crestview Heights Subdivision, San Owned Good
Roque, Antipolo City
Land 618 Lee St. Brgy. Addition Hills, Mandaluyong City Owned Good
Land Brgy. Bucal Calamba, Laguna Owned Good
Land Brgy. Tawala, Panglao, Bohol Owned Good
Land Bunawan Davao Del Sur, Davao City part of 146-7637 Owned Good
Land and Building 635 Lee St. Addition Hills Mandaluyong City Owned Good
Land and Building Brgy. Sasa, Davao City Owned Good
Bel-Aldea Realty, Inc.
Land and Building No. 77 IPO St., Brgy. Paang Bundok, La Loma, Quezon Owned Good
City
Bright Ventures Realty, Inc.
Land A. Marcos cor M.H. del Pilar and A. Mabini Sts., Owned Good
Addition Hills, San Juan City
Land / Dover Hill No. 168 Pilar Corner P. Zamora Sts., Brgy. Addition Owned Good
Hills, San Juan City
Brillar Realty and Development Corp.
Land Limbones Island, Brgy. Papaya, Nasugbu, Batangas Owned Good
Dimanyan Wakes Holdings, Inc.
Land Bo. Bulalacao, Bulalacao Island, Coron, Palawan Owned Good
Busuanga Bay Holdings Inc.
Land Bo. Bulalacao, Bulalacao Island, Coron, Palawan Owned Good
Bulalacao Property Holdings, Inc.
Land Bo. Bulalacao, Bulalacao Island, Coron, Palawan Owned Good
Calamian Prime Holdings, Inc.
Land Bo. Bulalacao, Bulalacao Island, Coron, Palawan Owned Good
Palawan White Sands Holdings Corp.
Land Bo. Bulalacao, Bulalacao Island, Coron, Palawan Owned Good
Coron Islands Holdings, Inc.
Land Bo. Bulalacao, Bulalacao Island, Coron, Palawan Owned Good
Rapidshare Realty and Development Corporation
Land 341 Northwestern St., Brgy. Wack-Wack, Greenhills, Owned Good
Mandaluyong City
SMC Originals, Inc.
Land Antonio Arnaiz Avenue corner Estacion St., Brgy. Pio Owned Good
del Pilar, Makati City
Silang Resources, Inc.
Land Brgys. San Vicente, San Miguel, Biluso And Lucsuhin, Owned Good
Silang, Cavite Page 38
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Tanauan Resources, Inc.
Land No. 34 McKinley Road, Brgy. Forbes Park (North Side), Owned Good
Makati City
SMPI Makati Flagship Realty Corp.
Land and Building 117 Legaspi and Gallardo Sts., Legaspi Village, Makati Owned Good
City
Carnell Realty, Inc.
Land 621 Lee St., Mandaluyong City Owned Good
Grandioso Realty Corporation
Land National Road, Brgy. Tambler, General Santos City Owned Good
Sta. Cruz Resource Management, Inc.

Land and Building 54 and 50 Hydra St., Bel Air 3, Makati City Owned Good
Maison 17 Properties, Inc.
Land 116 Legaspi and Gallardo Sts., Legaspi Village, Makati Owned Good
City
Integrated Geosolutions, Inc.
Land Bo.Diezmo, Cabuyao, Laguna Owned Good
Tierra Castellanas Development Inc.
Land Brgy. Bungoy, Dolores, Quezon Owned Good
Excel Unified Land Resources Corp.
Wedge Woods Subdivision Silang, Cavite Owned Good
512 Acacia Holdings, Inc.
Land 512 Acacia Ave., Ayala Alabang Village Phase II-A, Owned Good
Brgy. Alabang, Muntinlupa City
La Verduras Realty Corp.
Land No. 38 Gen. Delgado Street, San Antonio Village, Pasig Owned Good
City
First Monte Sierra Realty Corporation
Land Brgy. San Antonio, Basco, Batanes Owned Good
El Vertice Realty Corp.
Land and Building 4912 Pasay Road, Dasmariñas Village, Makati City Owned Good
Estima Realty Corp.
Land and Building 4914 Pasay Road, Dasmariñas Village, Makati City Owned Good
Lanes and Bi-Ways Realty Corp.
Land 403 Columbia St., East Greenhills, Mandaluyong City Owned Good

Land #2 Columbia St. N.East Greenhills, San Juan Owned Good

Premiata Realty, Inc.
Land 52 Mercedes cor 61 Aries, Bel Air 3, Makati City Owned Good
Picanto de Alta Realty Corp.
Land 1331 J.P. Laurel St. Brgy. 643 Zone 066, San Miguel Owned Good
District, Manila
Kingsborough Realty, Inc.
Land 37 Gen. Delgado St., San Antonio Village, Pasig City Owned Good

E- Fare Investment Holdings Inc.

Land Mariveles, Bataan Owned Good

Page 39
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Rapidshare Realty and Development
Corporation
Land Northwestern Street, Barangay Wack-Wack Greenhills, Owned Good
Mandaluyong City
Land and Building Ortigas Street, Barangay Wack-Wack, Greenhills, Owned Good
Mandaluyong City
Apice Solare Resources Corp.
Land National Road, Barangay Igmaya-an, District 1, Don Owned Good
Salvador Benedicto, Negros Occidental
Roca Pesada Realty Corp.
Land 118 Esteban Abada St. Varsity Hills, Quezon City Owned Good
Casa Sabroso Holdings Inc.
Land and Building Ilongo St. La Vista, Quezon City Owned Good
Uno Clarity Investment Holdings Inc.
Land and Building Buruanga, Aklan Owned Good
Zee2 Resources Inc.
Land 82 Cambridge Circle, North Forbes Park, Makati City Owned Good
Quicksilver Development Corp. Owned Good
Land 50 McKinley Road North Forbes Park Makati City Owned Good
Max Harvest Holdings Inc.
Land Brgy. Anyatam San Ildefonso Bulacan Owned Good
One Wilson Cayenne Holdings, Inc.
Land 708-A J.R Yulo St. Mandaluyong City Owned Good
Land 6-C East St. Addition Hills Mandaluyong City Owned Good
Auburnrite Holdings Inc.
Land Bungahan, Biñan, Laguna Owned Good
Land Mamplasan, Biñan, Laguna Owned Good
3 PACIFIC CENTRAL PROPERTIES, INC.
Land Limay, Combined Power Plant, Limay, Bataan Owned Good
Land Dauin, Negros Oriental Owned Good
Land Outlook Drive, Baguio City Owned Good
4 SMC SHIPPING AND LIGHTERAGE CORPORATION AND SUBSIDIARIES
SMC Shipping and Lighterage Corporation
Land Maribojoc-Cortes National Road Junction, Barrio Owned Good
Salvador, Cortes, Bohol
Land and Building Dr. A. Santos Avenue corner Unnamed Road, Brgy. San Owned Good
Antonio, Parañaque City
Land Mariveles Bataan Lot #1 and #2, Barrio of Lucanin, Owned Good
Mariveles, Bataan
Land Mariveles Bataan Lot #3, Barrio of Agnipa and Owned Good
Cabcaben, Mariveles, Bataan
Land National Road, Brgy. San Pedro, Bauan and Brgy. San Owned Good
Juan, Mabini, Batangas
Building (Admin Buildings, Ouano Wharf, Looc, Manduae City Owned Good
Warehouses D, C, R, S, I, N, Q, L,
M, Terminals, Parking Shed,
Loading Bay)
Building (KCSLI) Dad Cleland Avenue, Looc, Lapu Lapu City Owned Good
Land and Building Brgy. Loboc, Lapaz, IloIlo Owned Good
Land Mariveles, Bataan Rented Good 2,550,306.28 September 30, 2030 Renewable upon mutual agreement of the
parties
Land Yard 2, Engineering Island, Baseco Compound, Port Rented Good 3,067,079.30 January 02, 2022 Renewable upon mutual agreement of the
Area, Manila City parties
Page 40
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Land at Bataan Warehouse 1 & 2 Freeport Area, Mariveles, Bataan Rented Good 422,592.96 May 31, 2023 Renewable upon mutual agreement of the
parties
Land Block 22 Manila Harbor Center, Tondo, Manila City Rented Good 1,163,568.14 April 14, 2020 Renewable upon mutual agreement of the
parties
(Ongoing renewal)
Land San Pedro, Bauan, Batangas Rented Good 450,000.00 December 06, 2042 SMCSL can exercise an option to
purchase the reclaimed lot during the life
of the lease period should the municipality
decide to sell the property
Land Brgy. Tubod, Municipality of Sto. Tomas, La Union Rented Good 200,000.00 August 31, 2022 Renewable upon mutual agreement of the
parties
Land Bo. of Gua-an, Municipality of Leganes, Province of Owned Good
Iloilo
Land Ouano Wharf, Looc, Manduae City Owned Good
Land Road Lot 3 Brgy. 128 Zone 010, Tondo, Manila Owned Good
Land Santa Elena, Orion, Bataan Owned Good
Land, Land Improvement (e.g. Pier), Namonitan, Santo Tomas, La Union Owned Good
Building, and Machineries
Warehouse Limay, Bataan Owned Good
Coal Warehouse Namonitan, Santo Tomas, La Union Owned Good
Land Baluarte,Tagoloan Misamis Oriental Owned Good
Land Lot 1118&1119Puting Buhangin Orion Bataan Owned Good
Warehouse Mactan, Cebu Owned Good
Warehouse Loboc, Iloilo Owned Good
Warehouse Tagoloan, Misamis Oriental Owned Good
Pier Iloilo Owned Good
Pier Mandaue, Cebu Owned Good
Warehouse Mabini, Bauan, Batangas Owned Good
Blk 12 (Lot 1) and Blk 14 (Lot 1-15) Harbor, Manila Owned Good

Warehouse Zone 3, Upper Agusan, Cagayan de Oro City Rented Good 1,746,360.00 April 30, 2021 Renewable upon mutual agreement of the
parties
Warehouse Brgy. Masaya, Rosario Batangas Rented Good 1,802,822.50 March 31, 2021 Renewable upon mutual agreement of the
parties
Warehouse (Pasacao 1 - 5) Bicol Oil Mill Cmpd. Balogo, Pasacao, Camarines Sur Rented Good 1,017,600.00 December 31, 2021 Renewable upon mutual agreement of the
parties
Warehouse rental for Feedmill Plant CDO Owned Good

Warehouse rental for Feedmill Plant Iloilo Owned Good

Warehouse (Whses A, B, D1, D2) Casisang, Malaybalay City, Bukidnon Rented Good 390,000.00 December 31, 2022 Renewable upon mutual agreement of the
parties
Foreshore Area Looc, Lapu Lapu City Rented Good 1,342.67 October 03, 2021 Renewable after one (1) year or upon
mutual agreement of the parties
Foreshore Area Looc, Lapu Lapu City Rented Good 1,398.79 October 03, 2021 Renewable after one (1) year or upon
mutual agreement of the parties
Foreshore Area Looc, Lapu Lapu City Rented Good 27,994.66 January 24, 2021 Renewable after one (1) year or upon
mutual agreement of the parties
Foreshore Area Looc, Lapu Lapu City Rented Good 1,763.17 October 03, 2021 Renewable after one (1) year or upon
mutual agreement of the parties
Foreshore Area Looc, Lapu Lapu City Rented Good 5,246.54 February 15, 2021 Renewable after one (1) year or upon
mutual agreement of the parties
Warehouse (NZU 1 & 2) Campo Islam, Zamboanga City Rented Good 451,143.00 December 31, 2023 Renewable upon mutual agreement of the
parties Page 41
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Space rental Baseco, Manila Rented Good 35,281.12 December 31, 2021 Renewable upon mutual agreement of the
parties
Warehouse (L2, L4, L5) Door 7, Far East Cereals Bldg, Davao Rented Good 478,170.00 February 28, 2021 Renewable upon mutual agreement of the
parties
Warehouse 218 Don Jose Canciller Avenue, Cauayan City Rented Good 89,000.00 April 14, 2021 - July Renewable upon mutual agreement of the
15, 2021 parties
Warehouse Davao Rented Good 2,108,971.43 December 31, 2021 Renewable upon mutual agreement of the
parties
Warehouse 12 Zone 3, Kauswagan, CDO Rented Good 1,606,500.00 June 30, 2021 Renewable upon mutual agreement of the
parties
Warehouse Davao Rented Good 280,000.00 February 28, 2021 Renewable upon mutual agreement of the
parties
Warehouse Orion, Bataan Rented Good 198,000.00 June 30, 2034 Renewable upon mutual agreement of the
parties
Warehouse Parang, Batangas Rented Good 408,000.00 March 2021 to Renewable upon mutual agreement of the
December 2021 parties
SMC Shipping and Lighterage Corporation and SL Mariveles Drydocking and Shipyard Corporation
Building (Warehouses, Admin Luzon Avenue, Baseco Compound, Mariveles, Bataan Owned Good
Building, Slipway, Seawall,
Guardhouse)
Land Baseco Compound Luzon Avenue Mariveles, Bataan Rented Good 713,878.97 April 30, 2021 Renewable upon mutual agreement of the
parties
SMC Shipping and Lighterage Corporation and Baseco Shipyard Corporation
Building (Warehouses, Admin Yard 2, Engineering Island, Baseco Compound, Port Owned Good
Building, Improvements, Container Area, Manila City
Yard, Access Roads, Guardhouse,
Truckscale, Equipments)

Land Yard 2, Engineering Island, Baseco Compound, Port Rented Good 2,523,293.73 December 31, 2021 Renewable upon mutual agreement of the
Area Manila parties
SMC Shipping and Lighterage Corporation and various subsidiaries
Buildings 2F to 6F VIP Bldg., Roxas Blvd., Ermita, Manila City Rented Good 303,571.43 December 31, 2021 Renewable upon mutual agreement of the
parties
SL Harbour Bulk Terminal Corporation
Land Blk14 Lots 1-4 Manila Harbour Centre, Brgy. 128, Zone Owned Good
10, Tondo District, Manila City
Land Blk15 Lots 8-9 Brgy. 128 Zone 010, Tondo, Manila Owned Good
Land Blk4 Lot 10-11 Road Lot 3, Brgy. 128 Zone 010, Tondo, Owned Good
Manila
Land Manila Harbour Center Lot 3 fronting Blk 15 lot 9 Rented Good 389,209.29 April 29, 2024 Renewable upon mutual agreement of the
(BERTHING 5) parties
Land Manila Harbour Center Lot 3 fronting Blk 15 lot 9 Rented Good 294,747.55 April 29, 2024 Renewable upon mutual agreement of the
(BERTHING 4) parties
Land Blk17 Lot 4 Manila Harbour Centre, Vitas, Tondo, Rented Good 431,323.88 Continuing unless Renewable upon mutual agreement of the
Manila City terminated and parties
agreed by both
parties
Foreshore and Offshore Areas Gracia, Tagoloan, Misamis Oriental (41,682 sqm) Rented Good 27,145.23 March 07, 2029 May be renewed for 25 years upon terms
and conditions mutually agreed upon by
the parties
Foreshore and Offshore Areas Gracia, Tagoloan, Misamis Oriental (50,152 sqm) Rented Good 251,233.01 March 07, 2029 May be renewed for 25 years upon terms
and conditions mutually agreed upon by
the parties
Page 42
Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Foreshore and Offshore Areas, and Gracia, Tagoloan, Misamis Oriental (121,396 sqm) Rented Good 279,927.04 August 03, 2022 Renewable upon mutual agreement of the
Port Facility parties
Building (Admin Buildings, Manila Harbour Centre, Brgy. 128, Zone 10, Tondo, Owned Good
Terminals, Parking Shed, Loading Manila City
Bay, Mini Laboratory, Storage
Areas)
Land Improvements (Walkways, Manila Harbour Centre, Brgy. 128, Zone 10, Tondo, Owned Good
Driveway, Ground Improvements, Manila City
Access Roads, Catwalks, Perimeter
Fence, Etc.)
Buildings (Admin Building, Bulk Limay, Bataan Owned Good
Office, Mini Laboratory, etc.)
Buildings (Admin Building, Mini Tagoloan, Misamis Oriental Owned Good
Laboratory, etc.)
Land Blk12 Rd 10 Cor Rd 21 New Harbour Center, Brgy. 128 Owned Good
Zone 010, Tondo, Manila
Land Blk14 Lot 5 Rd Lot 3 Cor Rd Lot 9 New Harbour Center, Owned Good
Brgy. 128 Zone 010, Tondo, Manila
Land Barrio Kitang, Limay, Bataan (228,616 sqm) Rented Good 363,745.00 December 31, 2021 Renewable on a year to year basis for as
long as the original lease agreement is in
effect and under such terms and
conditions based on the mutal consent and
agreement of both parties
Land Block 15, Lots 7, Manila Harbour Centre, Tondo, Manila Rented Good 1,348,725.33 Continuing unless Renewable upon mutual agreement of the
terminated and parties
agreed by both
parties
Land Block 15, Lots 1-6, Manila Harbour Centre, Tondo, Rented Good 1,140,108.03 Continuing unless Renewable upon mutual agreement of the
Manila terminated and parties
agreed by both
parties
Leasehold Improvements (Driveway, Limay, Bataan Owned Good
Pier, Perimeter Fence, etc.)

Leasehold Improvements (Driveway, Tagoloan, Misamis Oriental Owned Good

Pier, Perimeter Fence, etc.)

Machinery and Equipment (Fuel Bataan Combined Cycle Power Plant, Barangay Luz, Rented Good 3,733,455.00 Continuing unless Renewable upon mutual agreement of the
Tanks) Kitang 2, Limay, Bataan terminated and parties
agreed by both
parties
Machinery and Equipment (Fuel Manila Harbour Centre, Brgy. 128, Zone 10, Tondo, Owned Good
Tanks, Water Tanks, Tank Truck Manila City
Loading Racks, etc.
Machinery and Equipment (Fuel Limay, Bataan Owned Good
Tanks, Water Tanks, Tank Truck
Loading Racks, etc.
Machinery and Equipment (Fuel Tagoloan, Misamis Oriental Owned Good
Tanks, Water Tanks, Tank Truck
Loading Racks, etc.

Page 43
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Land Land with an area of 5,167.53 sqm located at Manila Rented Good 1,140,108.03 December 09, 2021 Prior to the termination of the contract, the
Harbour Center, Blk 15, Lot 7. lessor shall conduct a public bidding,
wherein the lessee may participate. The
lessee shall have the right to equal the
highest bid if he manifests such right in
writing not more than 5 days from the
opening of the bid which shall be the basis
for the renewal of the lease contract. If the
lessee did not participate in the bidding
and there is no other bidder, the lessee
shall equal the minimum bid price to
qualify for award. This right of the lessee
can be exercised only once.

Land 386,755 sqm land in Manila Harbour Center Rented Good 155,132.02 April 30, 2021 Renewable upon mutual agreement of the
parties
Land The lease agreement pertains to lease of land in Manila Rented Good 1,072,000.00 Continuing unless Renewable upon mutual agreement of the
Harbor Blk 4 lot 10 and 11. terminated and parties
agreed by both
parties
Land Road Lot 3 fronting lot 10 and 11 of block 4, Manila Rented Good 184,525.46 May 14, 2023 Renewable upon mutual agreement of the
Harbour Centre, Tondo, Manila City parties
MG8 Terminal Inc.
Land Road Lot 19 (New Harbor Center) Brgy. 128 Zone 010, Owned Good
Tondo, Manila
Land Lucanin, Mariveles, Bataan Owned Good
Land Mabini, Batangas Owned Good
Land Lot 10181, CAD-584, C-24 San Pedro, Bauan Cadastre
Owned Good
Land Lot 10184-A, of the sub. Plan, Psd-04-148187 being a
Owned Good
portion of Lot - 10184 Cad 584, Bauan Cadastre
Land Lot 14038-B of the sub. Plan Psd-04-195256 being
portion of Lot 14038 Cad 584, Bauan Cad., LRC Rec. Owned Good
No.
Land Lot 10156 Cad-584 San Pedro, Bauan, Batangas TCT
Owned Good
05-0034-00532
Land and pier and port facilities Various land in Bauan, Batangas Owned Good
Warehouse 1 , 2, 3 Mabini and Bauan, Batangas Owned Good
SMC Shipyard Cebu Land Inc.
Land and Building Dad Cleland Ave., Looc, Lapu Lapu City Owned Good
5 SM BULK WATER CO., INC.
Land Bobulusan, Guinobatan, Albay Owned Good
Land Brgy. Batang, Ligao City Owned Good
6 SMC STOCK TRANSFER SERVICE CORPORATION
Office Space Units 1505-1507, Robinsons Equitable Tower, ADB Owned Good
Avenue, corner Poveda, Pasig City
Parking Space Parking Slots 31-33, Robinsons Equitable Tower, ADB Owned Good
Avenue, corner Poveda, Pasig City

Page 44
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
7 SAN MIGUEL PAPER PACKAGING Dr. A Santos Avenue, Sucat, Parañaque City Owned Good
CORPORATION
8 SAN MIGUEL INTEGRATED LOGISTICS SERVICES INC. AND SUBSIDIARY
San Miguel Integrated Logistics Services Inc. and subsidiary
Warehouse 45 Muelle Dela Industria Binondo Manila Owned Good
Land and Building Laguna Owned Good
Ulas Warehouse Davao Owned Good
Land Purok 5, Brgy Rawis Legazpi City Owned Good
Land A. Mabini Street San Juan City Owned Good
Land Fe Martinez St. Brgy Anghit Daet Camarines Norte Owned Good
Petrofuel Logistics Inc
Office SMC Head Office Complex, #40 San Miguel Avenue, Owned Good
Mandaluyong City
9 SAN MIGUEL INTEGRATED MERCHANDISING SERVICES INC.
Office A.S. Fortuna Street, Bakilid, Mandaue City Rented Good 55,440.00 January 31, 2021 Renewable upon mutual agreement of the
parties
Office Mabini Suites Bldg., Mabini St., Corner Quirino Ave., Rented Good 42,000.00 June 30, 2021 Renewable upon mutual agreement of the
Davao City parties
Office 5Th Floor, Citibank Center Building, 8741 Paseo De Rented Good 416,833.95 January 31, 2021 Renewable upon mutual agreement of the
Roxas, Makati City parties
Office Blk 6 Lot 15-16 Friendship Hiway, Korean Town Brgy. Rented Good 58,035.71 July 7, 2021 Renewable upon mutual agreement of the
Anunas, Angeles City parties
8 SAN MIGUEL EQUITY INVESTMENTS INC. AND SUBSIDIARIES
San Miguel Equity Investments Inc.
Office Space No. 40 San Miguel Avenue, Mandaluyong City Owned Good
Ionic Cementworks Industries Inc.
Land Pagbilao, Quezon Owned Good
Arthocem Concrete Industries Inc.
Land Sariaya, Quezon Owned Good
Southstrong Cement Industries Corp.
Land Leganes, Iloilo Owned Good
Land Tayasan, Negros Oriental Owned Good
Primero Cemento Industries Corp.
Land Agno, Pangasinan Owned Good
Oro Cemento Industries Corporation
Land Darong, Sta. Cruz, Davao del Sur Owned Good
Cement Grinding Plant Darong, Sta. Cruz, Davao del Sur Owned On-Going
Construction
E-Novate Holdings, Inc.
Land Cagniog and Trinidad, Surigao City Owned Good
San Miguel Northern Cement, Inc.
Land (location of cement plant) Brgy. Labayug, Sison Pangasinan Owned Good
Cement Plant Brgy. Labayug, Sison Pangasinan Owned On-going
Construction
Land Brgy. Inoman, Pozorrubio, Pangasinan Owned Good

Page 45
 Company Name / Subsidiary Address Rented / Owned Condition Monthly Rental Expiry of Lease Terms of Renewal / Options
(In PhP, Unless Contract
Otherwise Indicated)
Northern Cement Corporation
Head Office Space 3rd Flr 155 Eda Building, 155 Edsa Brgy Wack Wack Owned Good
Mandaluyong
Cement Plant Brgy. Labayug, Sison Pangasinan Owned Good
Land Brgy. Labayug, Inmalog - Sison Pangasinan Owned Good
Land Brgy. Bila And Paldit - Sison, Pangasinan Owned Good
Land Brgy. Amagbagan, Sison, Pangasinan Owned Good
Land Brgy. Bobonan, Inoman, Sugcong - Pozorrubio, Owned Good
Pangasinan
Land Brgy. Lunec, Malasiqui, Pangasinan Owned Good
Land Brgy. Asin, Malasiqui, Pangasinan Owned Good
Land Brgy. La Paz, Villasis And Mangan Dampay - Malasiqui, Owned Good
Pangasinan
Land Brgy. Mangan Dampay, Taloyan, Bacudao - Malasiqui, Owned Good
Pangasinan
Land Brgy. Ansagan, Tuba, Benguet Owned Good
Land Brgy. Tubod And Namonitan - Sto Tomas, La Union Owned Good
Land Brgy. Namonitan And Casantaan - Sto Tomas, La Union Owned Good

Land Brgy. Paldit, Sison, Pangasinan Rented Good 72,930.38 December 31, 2025 Renewable subject to conditions
Land Brgy Olympia, Makati City Rented Good 32,417.55 December 31, 2024 Renewable subject to conditions

Note: All owned properties are free of liens and encumbrances, except for the following:
(a)
The Power Plant, including all related facilities therein, are mortgaged in favor of the lenders to secure the loan obligation of SCPC;
(b)
The Power Plant, including all related facilities therein, are mortgaged in favor of the lenders to secure the loan obligation of SMCPC; and
(c)
The Power Plant, including all related facilities therein, and the land are mortgaged in favor of the lenders to secure the loan obligation of MPPCL.

Page 46
 ANNEX “E”

SAN MIGUEL CORPORATION

2020
LIST OF PRODUCTS
 LIST OF PRODUCTS
I. BEER AND NAB

1. San Miguel Pale Pilsen

2. San Mig Light
3. San Miguel Super Dry
4. San Miguel Premium All-Malt
5. Red Horse
6. Gold Eagle
7. Cerveza Negra
8. Cali
9. San Miguel Flavored Beer
10. San Miguel Zero
11. San Miguel Nab
12. San Mig Free
13. Valor
14. Blue Ice
15. Dragon
16. W1N Bia (Bia Hoi)
17. Anker
18. Kuda Putih
19. Bruck
20. Knight

NON-ALCOHOLIC BEVERAGES
1. Magnolia Fruit Drink
2. Magnolia Healthtea
3. Agua Prima
4. San Mig Cola

BREWED FOR PRIVATE LABEL

1. Ikinama
2. Kiwamugi

BREWED UNDER LICENSING/TOLLING AGREEMENT

1. Carlsberg
2. Sunlik

1
IMPORTED/DISTRIBUTED
1. Kirin Ichiban
2. Samuel Adams
3. Rebel IPA
4. Angry Orchard
5. Spitfire
6. Whitstable Bay
7. Mahou
8. Magners
9. Arcobrau
10. Twisted Tea
11. Little Creatures
12. James Squire

2
II. SPIRITS

1. Ginebra San Miguel

2. Ginebra San Miguel Premium Gin
3. G.S.M. Blue Light Gin
4. G.S.M. Blue Flavors (Mojito, Margarita and Gin Pomelo)
5. Primera Light Brandy (Premium Brandy Liqueur)
6. Vino Kulafu (Chinese Wine)
7. Antonov Vodka
8. Don Enrique Mixkila Distilled Spirit
9. Añejo Gold Rum (65 Proof)
10. San Miguel Ethyl Alcohol

FOR EXPORT ONLY

11. Tondeña Gold Rum
12. Tondeña Manila Rum (Silver, Gold and Dark)
13. Mix Gin
14. Mix Rum
15. Mix Vodka
16. Gran Matador Solera Gran Reserva Brandy
17. Gran Matador Gold
18. Anejo Dark Rum 5 Years

3
III. FOOD

San Miguel Foods, Inc.

POULTRY

Live Broilers

Dressed Chicken (Wholes)

Magnolia Fresh Chicken (Fresh Chilled and Frozen)
Magnolia Spring Chicken (Fresh Chilled and Frozen)
Magnolia Big Bird (Fresh and Frozen)
Magnolia Jumbo Chicken (Fresh and Frozen)
Magnolia Free Range Chicken (Fresh and Frozen)

Supermarket House Brands Cut-ups

Magnolia Chicken Cut-ups (Fresh Chilled and Frozen)
Magnolia Chicken Station Cut-ups
Magnolia Chicken Station Convenient Cuts

Magnolia Free Range Cut Ups

Marinated
Magnolia Chicken Station Timplados products (Freshly-made at the Magnolia Chicken
Stations)
Magnolia Chicken Prepacked Timplados
Magnolia Chicken Streat Sarap
Magnolia Real Chicken Burger Steak

Giblets
Magnolia Chicken Giblets (Fresh and Frozen Liver and Gizzard)

Institutional
Whole Chicken
Customized Bone-in Cut-ups and Deboned Fillets

Export
Magnolia Chicken Griller (Fresh and Frozen)
Chicken Yakitori (Frozen)
Bone-in Chicken Cut-ups (Frozen)
Deboned Chicken Fillets (Frozen)
Marinated Products (Frozen)

Brown Eggs
Magnolia Cage-Free Brown Eggs 12s
Magnolia Egg-A-Day 7s

FRESH MEATS

Live Hogs

Wholesale Cuts
Pork
Hog Carcass
Boxed Primal Parts

Beef
Beef Forequarters
Beef Hindquarters
Boxed Primal Cuts

4
 Retail Cuts
Monterey Primal Cuts (Pork, Beef)
Monterey Cut Ups (Pork, Beef)
Individual Portion Cuts (cut and packed in the Monterey Meatshops)
Monterey Ready-To-Cook Marinated Meats /Timplados (Pork, Beef)
Monterey Meatshop produced Timplados
Pork BBQ Tenderloin Skewers (produced in the plant)
Monterey Exclusives Baby Back Ribs, American Style Ribs, Premium Beef Tapa
Montana Cut Ups (Pork, Beef)
Individual Portion Cuts (cut and packed inside store)
Montana Ready-To-Cook Marinated Meats /Timplados (Pork, Beef)

FEEDS

Animal and Aquatic Feeds

Hog Feeds
B-MEG Premium Hog Pellets
B-MEG Expert Hog Feeds
B-MEG Mega Mash
B-MEG Essential Hog Feeds
B-MEG Bonanza Hog Pellets
Jumbo Hog Feeds
Pureblend Hog Pellets

Poultry Feeds
B-MEG Premium Layer
B-MEG Essential Layer
B-MEG Expert Layer
B-MEG Layer
B-MEG Integra
B-MEG Integra Powermaxx
B-MEG Derby Ace
B-MEG Alertone Mixed Grains
B-MEG Fighting Cock Pellets
B-MEG F-Series
B-MEG Pigeon Pellets
B-MEG Premium Broiler
B-MEG Essential Broiler
B-MEG Essential Broiler Breeder
B-MEG Broiler
B-MEG Chick Grower
B-MEG Duck Feeds
Jumbo Pullet Developer Pellets
Pureblend Broiler
Pureblend Special Broiler
Pureblend Layer
Pureblend Duck Feeds

Aquatic Feeds
B-MEG Super Premium Floating Feeds
B-MEG Premium Tilapia Pellets
B-MEG Premium Bangus Pellets
B-MEG Premium Fish Feeds
B-MEG Aquaration Feeds
B-MEG Expert Fish Feeds
B-MEG Prize Catch Floating Feeds
B-MEG Nutrifloat Floating Feeds
Pinoy Sinking Pellets
Pinoy Floating Feeds

5
 Others
Pureblend Quail Feeds
B-MEG Horse Feeds

Concentrates
B-MEG Hog Concentrate
B-MEG Cattle Concentrate
B-MEG Pig Protein Concentrate
B-MEG Essential Hog Concentrate
B-MEG Essential Goat Concentrate
B-MEG Essential Cattle Concentrate

Animal Health Care Veterinary Medicines

Anti-infective - Water Soluble Preparation

Amoxil-V
Cephalexin 20%
Cotrimoxazole 48%
Doxa-V
Dox-C-Lin Gold Premium
Dox-C-Trin Gold Premium
B-MEG Integra Trimax
B-MEG Integra CXD-3

Supplement/Vitamins - Water Soluble Preparation

B-MEG Integra Multimax
B-MEG Integra Electromax
Elec-V
Multi-V
Multivitamins +Minerals + Amino Acids
Vitamin B-Complex (Broiler)

Anti-Inflammatory/Anti-pyretic - Water Soluble Preparation

Para-V

Supplement/Vitamins – Oral Solution

B-MEG Integra Multimax D5
B-MEG Integra Power Edge

Dewormer/Anti-nematodal - Water Soluble Preparation

Bulatigok SD
Bulatigok

Disinfectant
Protect Plus
Protect Plus Gold
Aqua Care
Calci Care

Injectables
Alamycin LA
Iron-Vet
Norovit
Respiclear

Oral Preparation
B-Meg Integra Trifast

Anti-infective - Feed Premixes

Tiamulin 10%
6
 Supplement/Vitamin - Feed Premixes
B-MEG Essential Swine Vitamin
B-MEG Essential Swine Mineral
B-MEG Essential Poultry Vitamin
B-MEG Essential Poultry Mineral

Supplement/Vitamin - Liquid Preparation

Vitamin ADE
Vitamin E 60%
Multi-V Plus
Multi-V

Anti-infective - Liquid Preparation

Norfloxacin 20%
Doxa V Plus
Cotri V Plus
Respitil

Others
B-MEG Integra Feathershine Shampoo

Pet Care
Dog Food
Nutri Chunks

San Miguel Mills, Inc.

Hard Wheat Flour

King
Emperor
Monarch
Pacific
Harina de Pan de Sal
Pinoy Tasty

Soft Wheat Flour

Queen
Countess
Red Dragon
Alpha

Specialty Flour
Baron All-Purpose Flour
Baron Siopao Flour
Princess Cake Flour
Golden Wheat Whole Wheat Flour (Coarse and Fine)
Gallant Flour
Semolina Flour

Customized Flour
Royal Premium Noodle Flour
Prince Miki Flour
Prince Noodle Flour
Prince Wrapper Flour
Pizza Flour
Tart Flour

7
 Premixes
Mix’ n Bake
Batter Mix
Bibingka Mix
Breading Mix
Brownie Mix
Chiffon Cake Mix
Choco Cake Mix
Crème Cake Mix
Cookie Mix
Corndog Mix
Crinkle Mix
Pan de Sal Mix
Mix’ n Steam
Puto Mix
Mix’ n Fry
Pancake Mix
Tortilla Mix
Yeast Raised Doughnut Mix
Yellow Cake Donut Mix

Bakery Ingredients
Bake Best Bread Improver
Bake Best Gold Bread Improver
Bake Best Platinum Bread Improver
Bake Best Baking Powder
Emperor’s Best Instant Yeast

The Purefoods-Hormel Company, Inc.

REFRIGERATED MEATS

Hotdogs
Purefoods Tender Juicy Hotdog (Classic, Jumbo, Kingsize, Cocktail, Cheesedog, Chick ‘n
Cheese, Chick ‘n Bacon, Chick ‘n Chili, Giant, Cheesy Pizza, Cheesy Spaghetti, Balls,
Cheeseballs)
Purefoods Star Hotdog (Regular, Cheezeedog, Chick n’ Tasty, Cheeseballs)
Higante Hotdog (Regular, Cheesedog, Chicken and Cheese)
Purefoods Deli Franks (German, Angus Beef, Turkey, Cheese, Spicy Pepper Beef)
Purefoods Deli Sausages (Bockwurst, Schublig, Hungarian Cheese)
Purefoods Beefies Hotdog (Regular, Lots-a-Cheese)
Vida Hotdog
Bongga Hotdog

Breaded, Battered and Fried

Purefoods Chicken Nuggets (Chicken Breast Nuggets, Crazy Cut Shapes, Letters &
Numbers, Bacon & Cheese, Cheese Overload, Drummets, Chicken Popcorn)
Purefoods Fish Nuggets
Purefoods Shrimp Tempura
Purefoods Tail-On Shrimp
Purefoods Squid Rings
Star Chicken Nuggets
Star Burger Bites

Bacon
Purefoods Bacon (Honeycured, Honey Roast, Spicy Barbecue, Maple-flavored, Bacon
Crumble)
Hormel Black Label Bacon
Vida Bacon

8
Sliced Hams
Purefoods Ham (Sweet, Cooked, Chicken)
Purefoods Fiesta Ham Slices
Star Sweet Ham
Vida Sweet Ham

Whole Hams
Purefoods Fiesta Ham (Whole, Pre-Sliced, Bone-in, Chicken)
Purefoods Jamon de Bola
Purefoods Chinese Ham
Purefoods Brick Ham
Purefoods Pear-Shaped Ham
Jamon Royale

Ready-to-Cook/Ready-to-Eat
Monterey Sisig
Purefoods Crispy Fried Chicken
Purefoods Heat & Eat (Teriyaki, Chicken Balls, Chicken Karaage)
Ready to Eat Viands (Kare Kare, Bistek Tagalog, Lechon Paksiw, Pork Binagoongan, Pork
Humba, Beef Caldereta, Beef Pares, Bicol Express, Chicken Afritada, Callos, Korean Beef
Stew, Dinuguan, and Chicken Pastel)

Native Line
Purefoods Tocino (Classic, Sweet Chili, Chicken)
Purefoods Longanisa (Hamonado, Recado, Chicken)
Purefoods Tapa

Plant-Based
Veega (Burger, Nuggets, Balls, Sausage, Giniling)

GROCERY PRODUCTS

Corned Meats
Purefoods Corned Beef (Classic, Hash, Chili Garlic, Hot & Spicy, with Chunks)
Chunkee Corned Beef
Star Corned Beef (Regular, Chunky Cheese)
Star Carne Norte
Bongga Carne Norte (Regular, Hot & Spicy)

Luncheon Meats
Purefoods Luncheon Meat (Classic, BBQ, Chili Pepper, Bacon, Cheese)
Purefoods Chinese Style Luncheon Meat
Purefoods Chicken Luncheon Meat
Star Beef Loaf
Star Meat Loaf
Bongga Beef Loaf

Sausages
Purefoods Vienna Sausage
Purefoods Chicken Vienna Sausage

Canned Viands
Purefoods Sizzling Delights (Sisig, Chicken Sisig)
Ulam King (Caldereta, Menudo, Mechado)

Canned Chicken
Purefoods Chicken (Broth, Afritada, Homestyle-Curry, Hot & Spicy)

9
 Specialty Grocery Products
Purefoods Liver Spread
Purefoods Spaghetti Meat Sauce
Purefoods Chorizo Filipino

Magnolia, Inc.

BUTTER, MARGARINE AND CHEESE

Butter
Magnolia Gold Butter (Salted, Unsalted) and Magnolia Gold Spreadable
Magnolia Butter-licious!

Refrigerated Margarine
Dari Creme (Classic, Buttermilk) and Dari Creme Spreadable
Buttercup
Baker’s Best

Non-Refrigerated Margarine
Star Margarine (Classic, Sweet Blend, Garlic, Chocolate)
Delicious Margarine
Magnolia Non-Refrigerated Margarine (Food Service)
Primex Shortening (Food Service)

Cheese
Magnolia Cheezee (Block, Spread, Squeeze - Cheddar, Pimiento, Milky White)
Daily Quezo
Magnolia Quickmelt
Magnolia Cheddar
Magnolia Cream Cheese (Block, Spread)
Magnolia Christmas Cheeseballs (Quezo de Bola, Gold Edam) - Seasonal
Magnolia Food Service Cheese

JELLY SNACKS AND DESSERTS

JellYace Fruiteez
JellYace Bites
JellYace Suki Pack

MILK
Magnolia Chocolait
Magnolia Fresh Milk
Magnolia Low Fat Milk
Magnolia Full Cream Milk
Magnolia Non Fat Milk

SPECIALTY OILS
Magnolia Nutri-Oil Coconut Oil
Magnolia Nutri-Oil Palm Oil
Pure Oil
Cookbest Coconut Oil
Cookbest Canola Oil
Golden Fry Palm Oil

ALL-PURPOSE CREAM
Magnolia All-Purpose Cream

SALAD AIDS
Magnolia Real Mayonnaise
Magnolia Sandwich Spread
Magnolia All-Purpose Dressing

10
FLOUR MIXES
Magnolia Pancake
Magnolia All Purpose Flour
Magnolia Chocolate Cake Mix Collection
Magnolia Fast and Easy Bake Cake Mixes

ICE CREAM

Bulk Ice Cream

Magnolia Classic (Vanilla, Chocolate, Ube, Mango, Kesong Puti, Avocado)
Magnolia Gold Label (Double Dutch, Rocky Road, Cookies N’ Cream, Latte Choco Brownie,
Wintermelon Milk Tea, Quadruple Chocolate)
Magnolia Best of the Phillippines (Turon Dulce de Leche, Taro White Cheese, Tablea Yema,
Mango Dark Chocolate, Avocado Macchiato, Ube Keso)

Frozen Novelties
Magnolia Spinner (Chocolate, Vanilla, Caramel)
Magnolia Cookie Monster (Chocolate)
Magnolia Party Cups (Vanilla, Chocolate)
Magnolia Popsies (Orange Chill, Choco Cool)
Magnolia Pinipig Crunch (Vanilla Crisp)
Magnolia Ice Cream on Stick (Avocado, Mango Dark Chocolate, Kesong Puti)

San Miguel Gold Label (For Export)

SMGL Mellorine
SMGL Frozen Dessert
SMGL Ice Confectionery

SNACKS

Traditional
Prima Toast
Egg Cracklet
Mamon Tostado
Broas
Puto Seko
Camachile

Cookies
Pasencia
Pasencia White
Oat Cookies

Crackers
Graham Crackers
Graham Cracker Sandwich
Crushed Graham
Supreme Flakes

Assorted
Holiday Mix
Famous Five

CannedTuna
San Miguel Del Mar Tuna Chunks

11
San Miguel Super Coffeemix Co., Inc.

Coffee
San Mig Super Coffee Regular 3-in-1 Coffeemix - Original
San Mig Super Coffee Sugar Free 3-in-1 Coffeemix - Mild, Original and Strong
San Mig Super Coffee - Barako
Essenso 3-in-1 Micro Ground Coffee
San Mig Super Coffee - Sugar Free White
San Mig Crema White Coffee

San Miguel Foods, Inc. - Great Food Solutions (GFS)

Value-Added Meats
Pizza Toppings
Slices
Specialties (Sauces and Ready-to-Serve Viands)
Hotdogs and Deli
Breaded, Battered and Fried
Meat Free
Bacon
Grocery Products

Dairy, Fats and Oils

Butter, Margarine and Cheese
Coconut and Palm Oil

Flour and Dry Bakery Ingredients

Basic Flour and Premixes

Ice Cream
Coffee
Milk
Biscuits
SPAM
Canned Goods (Tuna)
Peanut Butter

Traded Products
Dairy
Mozzarella
Sliced-on-Slice Cheese
Parmesan

Olive Oil
Pomace, Pure and EVOO Oil

GFS Commissary Products

Breaded, Battered and Fried
Patties
Marinated Value-Added Meats
Ready-to-Eat Meals

12
Foodcrave Marketing Inc.

Treats
Baked Breads
Ready-to-Eat Products
Ice Cream
Snacks and Beverages
Edible Grocery Products

Chick ‘n Juicy
Big ‘n Juicy Lechon Manok
Big ‘n Juicy Lechon Manok Quarter Meal
Half Big ‘n Juicy Lechon Manok
Big ‘n Crunchy Fried Chicken Meal (1 piece)
Big ‘n Crunchy Drumstick (1 piece)
Big ‘n Crunchy Drumstick (3+1 pieces)
Crispy Chicken Skin
Spicy Neck

P.T. San Miguel Foods Indonesia

Bakso (Meat Balls)

Farmhouse (Beef)
Vida (Beef)

Sausages
Farmhouse (Sosis Sapi Goreng, Sosis Sapi, Beef Cocktail, Beef Frankfurter, Premium Beef,
Premium Cheese, Premium Chicken)
Vida (Chicken, Beef)

Cold Cuts and Burger

Farmhouse (Smoked Beef, Beef Burger)
Purefoods Choice (Chicken Fajita Chunk, Chicken Luncheon, Minced Beef BBQ, Minced
Chicken Teriyaki, Smoked Beef)

Services
Customization

San Miguel Pure Foods (VN) Co., Ltd.

Value-Added Meats
Le Gourmet (Bacon, Ham, Beef, Chicken, Pate, Sausage, Traditional, Meatball)
Tender Juicy Hotdog

13
2020 LIST OF PETRON PRODUCTS

PETRON PHILIPPINES Motorcycle Oils

Petron Sprint 4T Fully Synthetic
A. FUELS Petron Sprint 4T Premium Multi-grade
Petron Sprint 4T Synthetic Blend - new
Automotive Fuels Petron Sprint 4T Multi-grade
Petron Blaze 100 Euro 6 Petron Sprint 4T Monograde
Petron XCS Petron Sprint 4T Scooter Oil Fully Synthetic
Petron Xtra Advance Petron Sprint 4T Scooter Oil Synthetic Blend
Petron Turbo Diesel Petron Sprint 4T Scooter Oil Premium Multi-grade
Petron Diesel Max Petron Scooter Gear Oil
2T Powerburn
Industrial Fuels 2T Premium
Petron Fuel Oil 2T Autolube

Aviation Fuels Automotive Gear Oils

Aviation Gasoline Petron GHTP Gear Oil
Jet A-1 Petron GX
Petron GEP
Household Fuels Perton GST
Gasul
Fiesta Automotive Transmission Fluids
Gaas Petron ATF Premium HTP
Petron ATF Premium
B. AUTOMOTIVE LUBRICATING OILS Petron TF 38
Petron TDH 50
Diesel Engine Oils
Rev-X Turbo HTP Other Automotive Oils
Rev-X Fully Synthetic STM
Rev-X Synthetic Blend
Rev-X Premium Multi-grade C. INDUSTRIAL LUBRICATING OILS
Rev-X Multi-grade
Rev-X Pantra Turbine, Hydraulic and Circulating Oils
Rev-X HD4X Hydrotur AW 22 / 32 / 46 / 68 / 100
Rev-X HD Hydrotur AWX 32 / 68 / 100
Rev-X Hauler Hydrotur AW GT 32
Petron XD3 Hydrotur EP 46
Petron Railroad Extra Hydrotur N 100
Hydrotur R 32 / 46 / 68 / 100 / 150 / 185 /
Gasoline Engine Oils 220 / 320
Blaze Racing HTP Hydrotur SX 68
Blaze Racing Fully Synthetic Hydrotur T 32 / 46 /68
Blaze Racing Synthetic Blend Hydrotur TEP 68 / 77
Blaze Racing Premium Multi-grade
Blaze Racing Multi-grade Industrial Gear Oils
Ultron Race / Fully Synthetic
Hydrotur SX 220
Ultron Rallye / Synthetic Blend
Hypex EP 68 / 100 / 150 / 220 / 320 / 460 /
Ultron Touring / Premium Multi-grade
570 / 680 / 1000 / 4000 / 25k (Oil-
Ultron Extra / Multi-grade
Based)
Petron MO
Hypex EP 2K / 4K (Asphalt-Based)
2020 Petron Product List Issue Date: March 2021
Milrol 5K
Gearfluid 2K / 5K / 8K Marine outboard 2-stroke oil
Gearkote 3K / 22K / 68K Petron Regatta
Petrocyl S 390 / 700
Petrocyl 680 E. GREASES
Multi-purpose Greases
Cutting Oils
Petrogrease MP 2 / 3
Turnol 40 Molygrease Premium
Petrokut 10 / 27 Petrogrease Premium

Refrigeration Oils Water Resistant Grease

Zerflo 68 Petrogrease XX
Zerflo P68
Extreme Pressure Greases
Transformer Oil Petrogrease EP 00 / 0 / 1 / 2
Voltran 60 Molygrease EP 2
Molygrease EP 2P
Slideway Oil Petrogrese EP 375
Hydrotur SW 68
Hydrotur SW 220 High Temperature Greases
Petrogrease HT
Other Industrial Lubricating Oils
Airlube 100 / 150 / 320 Complex Greases
Petrosine 68 Petron Grease HTP Lithium Complex – from
Petron Universal Tractor Fluid High Temperature Greases
Petron CVT Fluid - new Petron Premium Lithium Complex

F. ASPHALTS
D. MARINE LUBRICATING OILS
Penetration Asphalt
Crosshead Engine Cylinder Oils Petropen
Petromar DCL 7050
Petromar DCL 4000 Series Cutback Asphalt
Petropen CB
Trunk Piston Engine Oils
Petromar HF 1040 / 1540 Emulsified Asphalt
Petromar HF 2040 Petromul SS-1
Petromar HF 3000 series Petromul CSS -1
Petromar HF 4000 series
Petromar HF 5040 / 5540 Blown Asphalts
Petromar XC 1030 / 1040 / 1050 / 1530 / 1540 Asphaltseal
Petromar XC 2030 / 2040 Asphalt Joint Sealer
Petromar XC 3030 / 3040
Petromar XC 4040 / 4050 Polymer Modified Bitumen
Petromar XC 5040 / 5540 Petron Polymer Modified Bitumen
Petron MS 9250 / 9370
G. SPECIAL PRODUCTS
Crosshead Engine System Oil
Process Oils
Petromar 65
Stemol 68
Petrosine 68
2020 Petron Product List Issue Date: March 2021
Process Oil series

Heat Transfer Oil

Petrotherm 32

Cleaning Agent
Greaseaway
Greasolve

Protective Coatings
Petrokote 392
Marinekote
Autokote
Cablekote 70

H. AFTERMARKET SPECIALTIES
PetroMate Oil Saver
PetroMate Diesel Power Booster
PetroMate Engine Flush
PetroMate Super Coolant
PetroMate Penetrating Oil
PetroMate Greaseaway
PetroMate Brake and Clutch Fluid
Petron Brake Fluid HTP DOT 4

J. PERFORMANCE ADDITIVES &

CHEMICALS
pCHEM DEF (Diesel Exhaust Fluid)
pCHEM 3500
pCHEM 3500F
pCHEM 140M
pCHEM 3500MF
pCHEM 500FS
pCHEM 1000
pCHEM 100X
pCHEM 3500M
pCHEM 3000DP
pCHEM 6000DP
pCHEM BT25

2020 Petron Product List Issue Date: March 2021

 LIST OF PRODUCTS AND SERVICES OF THE
SAN MIGUEL YAMAMURA PACKAGING GROUP

PRODUCTS

• Glass
o ACL Decorated Bottles
o Custom Glass Containers
o Stock Glass Bottles
o Glasslite Technology
• Plastics
o PET Bottles
o Plastic Containers
▪ HDPE Bottles (Jerry Cans)
▪ Pails (4L, 20L)
• Metal Containers
o 2 pc. Aluminum Can (Body and End)
o 330 ml Standard and Sleek
o 250 ml
o 180 ml Mini Cans
• Flexibles
o Vacuum Metalized Laminates
o Sachets and Stand-up Pouches
o Retort Pouches
o Zip-Lock Bags
o PVC Shrink Labels
o Curviche
• Metal Closures
o Crowns
o Pilfer Proof Caps
o Continuous Thread Caps
o Vacuum Twists of Caps/Lug Caps
• Plastic Closures
o Plastic Screw Caps
• Cork Closures
• Paper
o Cartons
o Partitions and Pads
o Single and Double Wall Boards
o White Coated Boards
 o Boards with Water Resistant Coating
o Slipsheets
o Gondolas
o Coslock (Carton Dividers)
• Plastics
o Pallets
▪ 2pc. Pallet
▪ 8pc. Pallet
▪ Pallet Lite
▪ Twin Pallet
▪ Slim Pallet
▪ Non/Reversible Pallet
▪ One-way Pallet
▪ Reinforced Pallet
▪ Heavy Duty Pallet
o Crates
o Bread and Food Trays

OTHER PROCESS OR MATERIAL RELATED PRODUCTS

• Sacks (Woven or Paper)

• Pigpen and Poultry Flooring
• Flexible Intermediate Bulk Container
• Stretch Wrap/Shrink Film
• Envirotuff Insulation and Van Liner
• Molds
o Precision Machine Parts and Assemblies
o Glass Container Molds
O Plastic Injection Molds

SERVICES

• All-In Beverage Filling for Cans, PET and Glass Bottles

• Crate and Pallet Leasing
• R&D Beverage Formulation
• Trading
• Logistics Services, including trucking and warehousing.
 San Miguel Properties, Inc. and Subsidiaries
List of Projects
as of December 31, 2020

A. RESIDENTIAL PROJECTS

PROJECTS LOCATION
Dover Hill (Bright Ventures Realty, Inc.) Mabini Street corner Ortega and Pilar Streets,
Barangay Addition Hills, San Juan
One Dover View ( Carnell Realty, Inc.) 621 Lee Street, Barangay Addition Hills,
Mandaluyong
Two Dover View (SMPI) 620 Lee Street, Barangay Addition Hills,
Mandaluyong
Emerald 88 (SMPI) 598 Dr. Sixto Antonio Avenue, Barangay
Maybunga, Pasig
Bel Aldea (SMPI) Brgy. De Fuego Street, General Trias, Cavite
Maravilla (SMPI) Brgy. San Francisco, General Trias, Cavite
Asian Leaf (SMPI) Brgy. San Francisco, General Trias, Cavite
Wedgewoods (Excel Unified Land Sta. Rosa, Laguna
Resources, Inc.)

B. HOSPITALITY PROJECTS

PROJECTS LOCATION
Makati Diamond Residences 118 Legazpi St., Legazpi Village, Makati
(SMPI Makati Flagship Realty Corporation)

C. INDUSTRIAL PROJECTS

PROJECTS LOCATION
Mariveles Economic Zone Mariveles, Bataan
(E-Fare Investment Holdings, Inc.)

D. SMPI-OWNED BUILDINGS / LAND / WAREHOUSE

PROJECTS LOCATION
Building and Land Lease of San Miguel No. 40 San Miguel Avenue, Ortigas,
Corporation Head Office Complex (SMPI) Mandaluyong City
Meralco Avenue corner Gen. Lim Street,
Building Lease of 808 Building (SMPI)
Barangay San Antonio, Pasig City
Building Lease of Six (6) Units in San No. 7 Saint Francis Street, Ortigas,
Miguel Properties Centre (SMPI) Mandaluyong City
Warehouse Lease of Rengo Warehouse Dr. A. Santos Avenue (Sucat Road),
and Land Lease of Sucat Property Parañaque
(SMPI)
Building Lease of Delgado Building (La No. 38 Gen. Delgado St., San Antonio Village,
Verduras Realty Corp.) Brgy. San Antonio, Pasig City
Land Lease of Bunawan, Davao City Along Davao-Agusan National Highway, Brgy.
Property (SMPI) Bunawan, Davao City
Land Lease of Antipolo City Property Crestview Circle, Crestview Heights Subd.,
(SMPI) Brgy. San Roque, Antipolo City
 Land Lease of Parking Space for El No. 37 Gen. Delgado St., San Antonio Village,
Magnifico Building (Kingsborough Realty, Brgy. San Antonio, Pasig City
Inc.)
Land Lease of General Trias, Cavite Arnaldo Highway, Brgy. San Francisco, Gen.
Property (SMPI) Trias, Cavite

Arnaldo Highway, Brgy. San Francisco, Sitio

De Fuego, Gen. Trias, Cavite

E. TOURISM DEVELOPMENT PROJECTS

PROJECTS LOCATION
Boracay Gateway Project Tourism Zone Brgy. Union, Nabas, Aklan /
(La Belle Plume Realty, Inc.) Brgy. Malay, Caticlan, Aklan
Beachfront Resort Hotel and Spa Brgy. Union, Nabas, Aklan
(Moonspring Development Inc.)
Aqean Bay Waterpark Brgy. Union, Nabas, Aklan
(Newscapes Haven Development Inc.)
Transit Hotel (Caticlanscapes Realty Brgy. Union, Nabas, Aklan
Development Inc.)
*All Tourism Development Projects suspended pending travel restrictions under the IATF rules.
 ANNEX “F”

SAN MIGUEL CORPORATION

LIST OF COLLECTIVE BARGAINING AGREEMENTS
 COLLECTIVE BARGAINING AGREEMENTS
As of Dec. 31, 2020

BANK OF COMMERCE
EXPIRATION
Installation, Bargaining Agent & Affiliation Number of Members Number of CBAs
Economic Representation

June 30, 2020

(July 1 - Dec 31, 2020 June 30, 2020
Bank of Commerce Employees Union 853 1 moratorium; (negotiation to resume
negotiation to resume 1Q of 2021)
1Q of 2021)

GINEBRA SAN MIGUEL INC.

EXPIRATION
Installation, Bargaining Agent & Affiliation Number of Members Number of CBAs
Economic Representation
GSMI - Cebu Plant (Dailies) - Ginebra San Miguel Inc. FREEWAS Daily Paid Employees Union 26 1 December 31, 2021 December 31, 2023

GSMI - Cabuyao Plant (Dailies) - United Independent Union of GSMI-Cabuyao Plant 78 1 December 31, 2020 December 31, 2022

GSMI - Sta Barbara Plant (Dailies) - Daily Paid Workers Independent Union 69 1 December 31, 2022 December 31, 2021

GSMI - Sta Barbara Plant (Monthlies) - La Tondeña Distillers Independent Workers Union
21 1 December 31, 2022 March 31, 2022
(LATODIWU)

Distilleria Bago Inc. (Monthlies) - Distileria Bago Employees Union Congress of Independent
84 1 December 31, 2022 December 31, 2021
Organizations - (CIO - DBEU)

278 5

PETRON CORPORATION

Expiration
Installation, Bargaining Agent & Affiliation Number of Members Number of CBAs
Economic Representation
Petron Corporation (Head Office Complex, Depots) - Petron Employees Association (PEA -
176 1 December 31, 2019 December 31, 2021
NATU)

Petron Corporation (Pandacan, Navotas and Batangas) - Petron Employees Labor Union
45 1 December 31, 2019 December 31, 2021
(PELU)

Petron Corporation (Bataan) - Bataan Refiners Union of the Philippines (BRUP - PTGWO) 377 1 January 1, 2019 December 31, 2021

598 3 CBA being negotiated / finalized.

SAN MIGUEL BREWERY INC.

Expiration
Installation, Bargaining Agent & Affiliation Number of Members Number of CBAs
Economic Representation

Concerned Workers of SMC – Polo Brewery 269 1 June 30, 2022 July 12, 2025

SMBI Employees Union (SMBIEU) – PTGWO (Monthlies – Polo) 86 1 June 30, 2022 June 30, 2024

San Fernando Brewery Employees Union (SFBEU) –( Dailies) 323 1 Feb. 15, 2023 Feb. 15, 2025

San Miguel Brewery Inc. Employees Union (SMBIEU-SFB)-Monthlies 104 1 Dec. 31, 2022 Dec. 31, 2024

GMA Salesforce Union - Dissolved

GMA-Monthlies Employees Union – GMAEU-PTGWO 76 1 June 30, 2022 June 30, 2024

San Miguel Brewing Group - Bacolod Brewery Employees Union (SMBG-BBEU) (Dailies) 84 1 July 31, 2022 Apr. 27, 2024

Philippine Agricultural, Commercial and Industrial Workers Union-Trade Union Congress of the
44 1 Oct. 31, 2022 Oct. 31, 2024
Philippines (PACIWU-TUCP) (Bacolod Monthlies)

Kahugpongan Sa Ligdong Mamumu-O (KLM) (Dailies) (Mandaue) ** 183 1 Dec. 31, 2023 Dec. 31, 2025

San Miguel Davao Brewery Employees Independent Union (Dailies) 122 1 Nov. 30, 2021 Nov. 30, 2022

1,291 9
 SAN MIGUEL FOOD GROUP
Expiration
Installation, Bargaining Agent & Affiliation Number of Members Number of CBAs
Economic Representation
Magnolia Inc. (Dailies) Progressive Workers' Union - IBM Local 47 KMU (PWU- IBM KMU) 163 1
Feb. 28, 2020 Feb. 28, 2025
San Miguel Foods Inc. (GMA Monthlies)- SMFI Employees Union (SMFIEU) - PTGWO 150 1
Dec. 31, 2022 Oct. 22, 2021
San Miguel Foods Inc. - South Luzon SMFI Poultry (Monthlies) - Magnolia Poultry Employees
30 1
Union - PTGWO Dec. 31, 2022 June 30, 2021
San Miguel Mills, Inc. - Mabini Batangas Flour Mill Employees Union (Monthlies) - Purefoods
41 1
Flour Mill Employees Union - (PFMEU) Dec. 31, 2022 July 31, 2022

384 4

SMC INFRASTRUCTURE
Expiration
Installation, Bargaining Agent & Affiliation Number of Members Number of CBAs
Economic Representation

Manila North Harbor Inc. (Dailies & Monthlies)- Waterfront Workers Union - North Harbor Inc. 751 1 November 30, 2020 November 30, 2022

Star Tollway Corporation Toll Teller Association (Monthlies) 143 1 July 31, 2019 July 31, 2021

Malayang Samahan ng Toll Tellers sa MATES - Workers Solidarity Network 637 0

1,531 2

SAN MIGUEL YAMAMURA PACKAGING CORPORATION

EXPIRATION
Installation, Bargaining Agent & Affiliation Number of Members Number of CBAs
ECONOMIC REPRESENTATION

SMC Yamamura Fuso Molds Corporation (Monthlies) - SMC Yamamura Fuso Molds Monthlies
Union - PTGWO
68 1 Dec. 31, 2021 December 31, 2023
PTGWO Local Chapter 842

San Miguel Yamamura Corporation (Ex-Parent) Manila Plastics Plant (Monthlies) San Miguel
55 1 June 30, 2022 June 30, 2022
Packaging Specialists, Inc Employees Union -
Manila Plastics Plant - PTGWO Local 888
San Miguel Yamamura Corporation (Ex-Parent) Manila Glass Plant (Monthlies) San Miguel
Yamamura Packaging Corp. Employees Union - Manila Glass Plant - Association of Genuine
156 1 June 30, 2022 June 30, 2022
Labor Organization
(SMYPCEU-MGP-AGLO)

San Miguel Yamamura Corporation (Ex-Parent) - Metal Closure & Lithography Plant - (Monthlies)
San Miguel Packaging Specialists, Inc Employees Union - Metal Closure & Lithography Plant - 25 1 June 30, 2022 June 30, 2022
PTGWO Local 890

Mindanao Corrugated Fireboard, Inc. (Monthlies)Mincorr Independent Workers Union - Alliance

of Progressive Labor - Sentro ng mga Nagkakaisa at Progresibong Manggagawa 72 1 Dec. 31, 2019 Dec. 31, 2022
(MIWU=APL-SENTRO)

San Miguel Packaging Specialists, Inc. Canlubang PET and CAPS Plant (Monthlies) SAMAHAN
ng MALAYANG MANGGAGAWA sa 19 1 Dec. 31, 2022 June 13, 2022
BPSI-Canlubang-PTGWO

Can Asia, Inc. - Monthlies Union - San Miguel Yamamura Packaging Corporation - Can Asia, Inc. 90 1 Dec. 31, 2019 Dec. 31, 2024
(Independent Union)

SMC Yamamura Asia Corporation (Monthlies) Union Buo Organisadong Samahan ng

466 1 Dec. 31, 2022 April 01, 2023
Empleyado sa SMYAC - Independent (BOSES-SMYAC)

Rightpak International Corporation (Monthlies) - Rightpak Employees Union - PTGWO 133 1 May 31, 2020 May 31, 2022

SMYPC - Mandaue Packaging Plants (Glass, MCLP, Power) (Dailies) Kahugpong Sa Ligdong 67 1 Dec. 31, 2020 Dec. 31, 2020
Mamumuo - SMPSI Mandaue (KLM-SMPSI Mandaue)

1,151 10

TOTAL 6,086 34
 ANNEX “G”

SAN MIGUEL CORPORATION

LIST OF TOP 20 STOCKHOLDERS
AS OF DECEMBER 31, 2020
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:25:45 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Common TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 TOP FRONTIER INVESTMENT HOLDINGS, INC. 1,573,100,340 1,573,100,340 65.988615 %

2 PRIVADO HOLDINGS, CORP. 368,140,516 368,140,516 15.442806 %
3 PCD NOMINEE CORPORATION (FILIPINO) 212,766,309 212,766,309 8.925148 %
4 PCD NOMINEE CORPORATION (NON-FILIPINO) 41,886,676 41,886,676 1.757068 %
5 PCGG IN TRUST FOR THE COMPREHENSIVE AGRARIAN 27,636,339 27,636,339 1.159293 %
REFORM PROGRAM
6 PETRON CORPORATION EMPLOYEES' RETIREMENT PLAN 12,237,100 12,237,100 0.513323 %
7 MILLENNIUM ENERGY, INC. 10,807,380 10,807,380 0.453349 %
8 SYSMART CORPORATION 4,614,820 4,614,820 0.193583 %
9 EDUARDO M. COJUANGCO JR. 3,828,702 3,828,702 0.160607 %
10 MARINE SHORE INVESTMENT HOLDINGS, INC. 2,089,660 2,089,660 0.087657 %
11 EVERETT STEAMSHIP CORPORATION 1,903,330 1,903,330 0.079841 %
12 GINGOOG HOLDINGS CORPORATION 1,830,082 1,830,082 0.076769 %
13 RAMON S. ANG 1,345,429 1,345,429 0.056438 %
14 MACRINA LEYSON 1,144,752 1,144,752 0.048020 %
15 CARMEL OF THE DIVINE INFANT JESUS OF PRAGUE 957,516 957,516 0.040166 %
INC. A/C NO 2
16 PAC RIM REALTY & DEVELOPMENT CORP. 912,050 912,050 0.038259 %
17 THE ROMAN CATHOLIC BISHOP OF TUGUEGARAO 856,639 856,639 0.035934 %
18 REAL MONASTERIO DE LA PURISIMA CONCEPCION DE 810,282 810,282 0.033990 %
NUESTRA MADRE SANTA CLARA DE MANILA
19 CHENG SIOK TUAN 689,113 689,113 0.028907 %
20 LUCKY STAR HOLDINGS, INC. 666,283 666,283 0.027949 %

--------------- --------------- ------------

2,268,223,318 2,268,223,318 95.147723 %
=============== =============== ============

TOTAL NO. OF SHARES : 2,383,896,588

TOTAL NO. OF DISTINCT STOCKHOLDERS : 33,998
TOTAL NO. OF ACCOUNTS : 34,013

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:26:01 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-C TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 222,086,565 222,086,565 86.902131 %

2 CCJ HOLDINGS CORPORATION 3,750,000 3,750,000 1.467369 %
3 LOCC HOLDINGS CORPORATION 3,750,000 3,750,000 1.467369 %
4 TINCOBAR HOLDINGS CORPORATION 3,750,000 3,750,000 1.467369 %
5 SAINT BRUNO HOLDINGS CORPORATION 3,750,000 3,750,000 1.467369 %
6 PRYCE CORPORATION 2,803,230 2,803,230 1.096900 %
7 GSIS PROVIDENT FUND 2,666,700 2,666,700 1.043476 %
8 PRYCE GASES, INC. 2,612,040 2,612,040 1.022087 %
9 KNIGHTS OF COLUMBUS FRATERAL ASSOCIATION OF 1,333,300 1,333,300 0.521718 %
THE PHILS., INC.
10 PCD NOMINEE CORPORATION (NON-FILIPINO) 1,329,980 1,329,980 0.520419 %
11 INSIGNE FORTUNA HOLDINGS INC. 800,000 800,000 0.313039 %
12 ALLIED BANKING CORPORATION-TRUST AND 666,000 666,000 0.260605 %
INVESTMENTS DIVISION AS TRUSTEE FAO TA#312340
13 MICHAEL ANGELO P. LIM OR PINKY ROSE P. LIM 359,900 359,900 0.140828 %
14 FREDDIE C. GONZALES 333,300 333,300 0.130420 %
15 G.D. TAN & CO., INC. 288,580 288,580 0.112921 %
16 PGI RETIREMENT FUND, INC. 271,540 271,540 0.106253 %
17 CHING BUN TENG, CHIONG PING GO CHING, 250,000 250,000 0.097825 %
GIOVANNA JOY TAN ONGKING
18 BUN TENG CHING OR CHIONG PING GO CHING OR 250,000 250,000 0.097825 %
GIOVANNA JOY TAN ONGKING
19 RICHARD M. TIONGCO OR ADORACION P. TIONGCO 216,630 216,630 0.084767 %
20 FERDINAND K. CONSTANTINO 200,000 200,000 0.078260 %

--------------- --------------- ------------

251,467,765 251,467,765 98.398950 %
=============== =============== ============

TOTAL NO. OF SHARES : 255,559,400

TOTAL NO. OF DISTINCT STOCKHOLDERS : 185
TOTAL NO. OF ACCOUNTS : 186

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:29:34 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-E TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 121,623,210 121,623,210 90.763522 %

2 SAN MIGUEL BREWERY INC. RETIREMENT PLAN 1,333,400 1,333,400 0.995074 %
3 SAN MIGUEL FOODS, INC. RETIREMENT PLAN 1,333,300 1,333,300 0.994999 %
4 SAN MIGUEL YAMAMURA PACKAGING CORP. 1,333,300 1,333,300 0.994999 %
RETIREMENT PLAN
5 PCD NOMINEE CORPORATION (NON-FILIPINO) 794,010 794,010 0.592544 %
6 CAROLINA N. DIONISIO 350,000 350,000 0.261194 %
7 RCBC SECURITIES, INC. 331,800 331,800 0.247612 %
8 PRYCE CORPORATION 271,250 271,250 0.202425 %
9 SOTA PHILIPPINES, INC. 266,700 266,700 0.199030 %
10 ISABEL B. LAGMAN 266,600 266,600 0.198955 %
11 ROSA A. PENA OR BENJAMIN V. AQUINO OR NORMAN 261,900 261,900 0.195448 %
M. AQUINO
12 ANGELITA S. BRAGANZA 227,000 227,000 0.169403 %
13 MA. CONCEPCION ASUNCION OR MON OR MARTHA OR 200,000 200,000 0.149254 %
MIGUEL OR MARCO
14 MA. LOURDES C. FERNANDO 160,000 160,000 0.119403 %
15 BENJAMIN V. AQUINO OR NORMAN M. AQUINO OR 155,000 155,000 0.115672 %
MARIA LUZ G. AQUINO
16 MELCHOR S. CALUAG OR VILMA OR MA. NICOLE OR 133,400 133,400 0.099552 %
JUAN PAOLO OR ALFRED GABRIEL B. CALUAG
17 ANDREW D. DIMACALI OR CORALIE THERESE D. 133,400 133,400 0.099552 %
DIMACALI
18 ROSALINDA R. VELASQUEZ OR OLIVER R. VELASQUEZ 133,300 133,300 0.099478 %
19 INTERNATIONAL ELECTRONICS AND TECHNICAL 117,000 117,000 0.087313 %
INSTITUTE, INC.
20 MERALCO EMPLOYEES SAVINGS AND LOAN 111,100 111,100 0.082910 %
ASSOCIATION,INC.

--------------- --------------- ------------

129,535,670 129,535,670 96.668338 %
=============== =============== ============

TOTAL NO. OF SHARES : 134,000,100

TOTAL NO. OF DISTINCT STOCKHOLDERS : 259
TOTAL NO. OF ACCOUNTS : 259

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:30:07 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-F TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 193,664,480 193,664,480 86.715374 %

2 SAN MIGUEL BREWERY INC. RETIREMENT PLAN 8,000,000 8,000,000 3.582087 %
3 SOCIAL SECURITY SYSTEM 7,328,500 7,328,500 3.281415 %
4 SAN MIGUEL CORP. RETIREMENT PLAN FIP 5,333,400 5,333,400 2.388088 %
5 PCD NOMINEE CORPORATION (NON-FILIPINO) 1,477,530 1,477,530 0.661580 %
6 DIVERSIFIED AGROCHEMICALS TRADING CORPORATION 1,000,000 1,000,000 0.447761 %
7 T. D. MAKAO INC. 707,000 707,000 0.316567 %
8 GATELUCK CORPORATION 667,000 667,000 0.298656 %
9 RCBC SECURITIES, INC. 544,900 544,900 0.243985 %
10 FIRST LIFE FINANCIAL CO., INC. 533,500 533,500 0.238880 %
11 BEN TIUK SY OR JUDY YU SY 335,000 335,000 0.150000 %
12 AUGUSTO MANUEL A. AGUSTIN &/OR DORIS NUBLA 320,000 320,000 0.143283 %
AGUSTIN
13 MICHAEL A. CASTRO OR TRICIA C. ODEJAR 280,000 280,000 0.125373 %
14 PRYCE CORPORATION 212,630 212,630 0.095207 %
15 BAGUIO GAS CORPORATION 200,000 200,000 0.089552 %
16 MARIA TERESA Q. LIM OR MANUEL B. QUIMPO OR 133,400 133,400 0.059731 %
WILSON B. QUIMPO OR MERLY Q. BANTING OR MYRNA
Q. NG
17 ANTONIO G. TINSAY &/OR IRENE C. TINSAY &/OR 118,000 118,000 0.052836 %
JOIE C. TINSAY
18 JOSELITO PULMANO OBAR OR MA. ZORAIDA CUACHON 112,000 112,000 0.050149 %
OBAR
19 ROLANDO A. ARALAR OR MYRNA I. ARALAR OR 111,000 111,000 0.049701 %
RONALD I. ARALAR
20 CHEMSON Y. LEE OR DIANA O. LEE 106,700 106,700 0.047776 %

--------------- --------------- ------------

221,185,040 221,185,040 99.038004 %
=============== =============== ============

TOTAL NO. OF SHARES : 223,333,500

TOTAL NO. OF DISTINCT STOCKHOLDERS : 143
TOTAL NO. OF ACCOUNTS : 143

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:30:19 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-G TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 60,658,465 60,658,465 90.987788 %

2 SAN MIGUEL CORPORATION RETIREMENT PLAN - STP 2,266,500 2,266,500 3.399753 %
3 DBC MACHINERIES CORPORATION 375,100 375,100 0.562651 %
4 PCD NOMINEE CORPORATION (NON-FILIPINO) 323,660 323,660 0.485490 %
5 GATELUCK CORPORATION 199,200 199,200 0.298800 %
6 INSIGNE FORTUNA HOLDINGS INC. 141,400 141,400 0.212100 %
7 DORIS N. AGUSTIN OR AUGUSTO MANUEL A. AGUSTIN 132,400 132,400 0.198600 %
8 PRYCE CORPORATION 130,000 130,000 0.195000 %
9 JOSEFINA GUTIERREZ CASTILLO OR CYNTHIA 119,500 119,500 0.179250 %
GUTIERREZ CASTILLO
10 S. T. DE GUZMAN ENTERPRISES, INC. 95,000 95,000 0.142500 %
11 JOHN PAYPON BARCELONA 83,600 83,600 0.125400 %
12 FIL-ANASERVE, INC. 80,000 80,000 0.120000 %
13 PIA JOSEFINA HERNANDEZ POSADAS OR LOURDES LIM 79,700 79,700 0.119550 %
POSADAS
14 A & D OLYMPUS HOLDINGS CORP 79,000 79,000 0.118500 %
15 KNIGHTS OF COLUMBUS FRATERAL ASSOCIATION OF 66,000 66,000 0.099000 %
THE PHILS., INC.
16 MERLY QUIMPO BANTING OR MYRNA QUIMPO NG OR 51,400 51,400 0.077100 %
MARIA TERESA QUIMPO LIM
17 EMMANUEL GONZALES UMALI OR JAMES STEPHEN 50,200 50,200 0.075300 %
CASABAR UMALI
18 MARIANO VICENTE L. TAN OR ELENA L. TAN OR 42,580 42,580 0.063870 %
KATHERINE L. TAN
19 JAMES CO OR JEWEL CO 40,000 40,000 0.060000 %
20 PRYCE GASES, INC. 40,000 40,000 0.060000 %

--------------- --------------- ------------

65,053,705 65,053,705 97.580655 %
=============== =============== ============

TOTAL NO. OF SHARES : 66,666,600

TOTAL NO. OF DISTINCT STOCKHOLDERS : 240
TOTAL NO. OF ACCOUNTS : 240

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:30:33 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-H TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 157,133,860 157,133,860 95.813329 %

2 PCD NOMINEE CORPORATION (NON-FILIPINO) 1,212,640 1,212,640 0.739415 %
3 SAN MIGUEL CORP. RETIREMENT PLAN FIP 1,113,500 1,113,500 0.678963 %
4 MARCELINO REYES TEODORO 637,000 637,000 0.388415 %
5 MERIDIAN ASSURANCE CORPORATION 270,000 270,000 0.164634 %
6 GUINEVERE TAN GO 240,800 240,800 0.146829 %
7 BEN TIUK SY OR JUDY Y. SY 207,900 207,900 0.126768 %
8 RUPERTO CO TAN OR SIOCK HA GO TAN 192,700 192,700 0.117500 %
9 MARCELINA ARMEDILLA DE LEON 147,000 147,000 0.089634 %
10 MARIA CONCEPCION ASUNCION OR MON EDUARDO OR 141,200 141,200 0.086098 %
MARTHA ELAINE OR MIGUEL ENRICO OR MARCO
EVELIO ASUNCION
11 FELICITO C. CHAVEZ 137,600 137,600 0.083902 %
12 MARIA TERESA QUIMPO LIM OR MANUEL BONCOLMO 134,000 134,000 0.081707 %
QUIMPO OR MERLY QUIMPO BANTING OR MYRNA
QUIMPO NG
13 KNIGHTS OF COLUMBUS FRATERAL ASSOCIATION OF 132,400 132,400 0.080732 %
THE PHILS., INC.
14 MARK CLINTON GO TAN OR ANABEL SOTINGCO TAN 130,700 130,700 0.079695 %
15 VIC IMPERIAL APPLIANCE CORPORATION 128,000 128,000 0.078049 %
16 INSIGNE FORTUNA HOLDINGS INC. 123,600 123,600 0.075366 %
17 HONG CHIA CHUAN OR TSAI HONG SHA 100,000 100,000 0.060976 %
18 LEAH ALVAREZ MENDOZA 91,700 91,700 0.055915 %
19 DEWEY T. TAN 68,800 68,800 0.041951 %
20 ALEJANDRO FRAGO UY OR APOLONIA AGNES BAGSIT 64,300 64,300 0.039207 %
UY

--------------- --------------- ------------

162,407,700 162,407,700 99.029085 %
=============== =============== ============

TOTAL NO. OF SHARES : 164,000,000

TOTAL NO. OF DISTINCT STOCKHOLDERS : 160
TOTAL NO. OF ACCOUNTS : 160

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:30:47 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-I TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 149,308,580 149,308,580 88.174324 %

2 SAN MIGUEL BREWERY INC. RETIREMENT PLAN 6,153,600 6,153,600 3.634014 %
3 SAN MIGUEL CORP. RETIREMENT PLAN FIP 2,900,000 2,900,000 1.712598 %
4 PCD NOMINEE CORPORATION (NON-FILIPINO) 2,035,100 2,035,100 1.201830 %
5 GINGOOG HOLDINGS CORPORATION 1,590,000 1,590,000 0.938976 %
6 METROPLEX HOLDINGS CORPORATION 1,578,000 1,578,000 0.931889 %
7 LUCENA HOLDINGS CORPORATION 1,332,000 1,332,000 0.786614 %
8 SAN MIGUEL CORPORATION RETIREMENT PLAN - STP 900,000 900,000 0.531496 %
9 FIRST LIFE FINANCIAL CO., INC. 400,000 400,000 0.236220 %
10 CHING BUN TENG TIU &/OR CHING CHIONG PING GO 238,700 238,700 0.140965 %
&/OR ONGKING GIOVANNA JOY TAN
11 CHIONG PING G. CHING AND/OR MARIA GRACIA J. 238,700 238,700 0.140965 %
TAN
12 CHING HUAY LO SY OR JAMIE BERNADETTE ANG SY 216,800 216,800 0.128031 %
OR JUSTIN AARON ANG SY
13 ANTONIO G. TINSAY &/OR JOIE C. TINSAY &/OR 200,000 200,000 0.118110 %
IRENE C. TINSAY
14 JOHNSON CHEONG GO OR JOVENTINO CHEONG GO 133,500 133,500 0.078839 %
15 JOHNSON CHEONG GO OR MARY ONG GO 133,500 133,500 0.078839 %
16 KNIGHTS OF COLUMBUS FRATERAL ASSOCIATION OF 133,200 133,200 0.078661 %
THE PHILS., INC.
17 DAVID GO CHIONG OR MARIA VILMA YU CHIONG OR 126,700 126,700 0.074823 %
DELWYN VINCE YU CHIONG
18 EDSEL U. LIM OR RUTH KATHERINE K. LIM 120,100 120,100 0.070925 %
19 BEN TIUK SY OR JUDY Y. SY 100,000 100,000 0.059055 %
20 HONG CHIA CHUAN OR TSAI HONG SHA 100,000 100,000 0.059055 %

--------------- --------------- ------------

167,938,480 167,938,480 99.176229 %
=============== =============== ============

TOTAL NO. OF SHARES : 169,333,400

TOTAL NO. OF DISTINCT STOCKHOLDERS : 94
TOTAL NO. OF ACCOUNTS : 94

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:30:58 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-J TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 265,440,867 265,440,867 99.540325 %

2 PCD NOMINEE CORPORATION (NON-FILIPINO) 550,700 550,700 0.206512 %
3 MA. LUISA COJUANGCO CRUZ 400,000 400,000 0.150000 %
4 G.D. TAN & CO., INC. 132,500 132,500 0.049687 %
5 OLIVERIO L. LAPERAL, JR. 68,300 68,300 0.025612 %
6 ENRIQUE MIGUEL L. YUSINGCO 35,000 35,000 0.013125 %
7 MA. TERESA L. YUSINGCO 14,700 14,700 0.005512 %
8 ENRIQUE NOEL L. YUSINGCO 10,000 10,000 0.003750 %
9 ANGELO DE GUZMAN MACABUHAY 7,600 7,600 0.002850 %
10 RAFAEL C. BUENO, JR. 7,000 7,000 0.002625 %

--------------- --------------- ------------

266,666,667 266,666,667 100.000000 %
=============== =============== ============

TOTAL NO. OF SHARES : 266,666,667

TOTAL NO. OF DISTINCT STOCKHOLDERS : 10
TOTAL NO. OF ACCOUNTS : 10

1
ssst823 San Miguel Corporation PAGE 1
2021-04-06 STOCK TRANSFER MODULE
09:31:10 AM List of Stockholders
As of Dec 31, 2020

RANK STOCKHOLDER NAME Preferred 2-K TOTAL SHARES % OF O/S

-------- --------------------------------------------- --------------- --------------- ------------

1 PCD NOMINEE CORPORATION (FILIPINO) 183,310,600 183,310,600 99.676844 %

2 PCD NOMINEE CORPORATION (NON-FILIPINO) 594,300 594,300 0.323156 %

--------------- --------------- ------------

183,904,900 183,904,900 100.000000 %
=============== =============== ============

TOTAL NO. OF SHARES : 183,904,900

TOTAL NO. OF DISTINCT STOCKHOLDERS : 2
TOTAL NO. OF ACCOUNTS : 2

1
 ANNEX “H”

SAN MIGUEL CORPORATION

LIST OF SEC FORM 17-C FILINGS
 SAN MIGUEL CORPORATION 17-C - (For the year 2020)

Date Uploaded Subject

Via PSE Edge
System
Jan. 8 Disclosure of the Company relating to the news articles published in various newspaper
entitled “SMC unit to raise $500 million for battery storage projects” posted in BusinessMirror
(Online Edition) on January 8, 2020.

Jan. 23 We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation
(the "Corporation") held today, January 23, 2020, the Board of Directors of the Corporation
declared cash dividends to be paid out of the unrestricted retained earnings of the
Corporation as of December 31, 2019, distributable as dividends to all stockholders of
record as of March 20, 2020 on the following shares of the Corporation to be paid on April 3,
2020, as follows:

Class of Shares Dividend Amount per

share
Series “1” Preferred Shares P1.0565625
Series “2” Preferred Shares - Subseries “C” P1.50
Series “2” Preferred Shares - Subseries “D” P1.11433125
Series “2” Preferred Shares - Subseries “E” P1.18603125
Series “2” Preferred Shares - Subseries “F” P1.27635
Series “2” Preferred Shares - Subseries “G” P1.23361875
Series “2” Preferred Shares - Subseries “H” P1.1854125
Series “2” Preferred Shares - Subseries “I” P1.18790625

The books of the Corporation will be closed from March 23-27, 2020.

Feb. 5 Further to the disclosure of San Miguel Corporation (the “Corporation”) on December 5,
2019, we advise that the Corporation has established a Medium Term Note and Securities
Programme, (the “Programme”), with Australia and New Zealand Banking Group Limited,
Credit Suisse (Singapore) Limited, DBS Bank Ltd., Mizuho Securities Asia Limited, Standard
Chartered Bank and UBS AG Singapore Branch (as the Initial Dealers).

Under the Programme, the Corporation may, from time to time, issue notes or perpetual
capital securities (the “Instruments”) in series or tranches, denominated in U.S. dollars or
any other currency agreed between the Corporation and the relevant dealer/s, on the same
or different issue dates, up to the Programme limit of U.S.$3 billion, and subject to
compliance with all applicable laws and regulations. As previously disclosed, the net
proceeds from the issuance of the instruments will be used by the Corporation to finance its
investments and various projects, to refinance existing obligations, and for general corporate
purposes.

There will be no public offering of instruments to be issued under the Programme in the
Philippines or in the United States. The principal amount and timing of drawdown/s under
the Programme are dependent on several factors, including but not limited to, market
conditions and corporate needs of the Corporation.

Application has been made to the Singapore Exchange Securities Trading Limited (the
“SGX-ST”) for permission to deal in and quotation for any instruments which are agreed at
the time of issue thereof to be so listed on the SGX-ST. Such permission will be granted
when such instruments have been admitted to the Official List of the SGX-ST.
Feb. 6 The Company hereby reports that it has filed today with the Securities and Exchange
Commission, a registration statement, together with the prospectus, for the planned Php60
billion Commercial Papers Program of the Company, with an initial offer of Php 15 billion
Series A Commercial Papers with an oversubscription option of up to Php5 billion
Commercial Papers.

The proposed issuance of Commercial Papers has been given a rating of PRS Aaa (corp.)
by PhilRatings. A copy of the PhilRatings press release was provided to the Exchange by
the Company in its disclosure on February 5, 2020.

A copy of the aforementioned registration statement, together with the prospectus, can be
viewed from the website of the Company at:

www.sanmiguel.com.ph/files/reports/SMC_PHP60B_commercial_papers_program.pdf

March 12 We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation
(the "Corporation") held today, March 12, 2020, the Board of Directors of the Corporation
declared cash dividends on the common shares of the Corporation in the amount of P0.35
per common share.

The dividend payment date is on April 30, 2020, to be paid out of the unrestricted retained
earnings of the Corporation distributable as dividends as of December 31, 2019. Payment
shall be made to the stockholders of record of the aforementioned common shares as of
April 3, 2020. The books of the Corporation will be closed from April 6 to 14, 2020.

March 12 Press Release entitled SMC revenues steady at P1.02 trillion in 2019.

March 12 During the Regular Meeting of the Board of Directors of San Miguel Corporation (the
"Corporation") held today, March 12, 2020, the Board of Directors approved the following
schedule of the stockholders’ meeting of the Company.

2020 Annual Stockholders Meeting

Date of Annual Stockholders’ Meeting June 9, 2020

2:00 p.m.
Valle Verde Country Club
Record Date for Stockholders Entitled to Vote May 8, 2020
Closing of Stock and Transfer Book May 11 to 15, 2020
Deadline for Submission of Proxies May 25, 2020
Validation of Proxies June 1, 2020

March 12 We advise that the Board of Directors of the Company approved the redemption of all the
outstanding Series “1” Preferred Shares (“SMCP1”) totaling Two Hundred Seventy Nine
Million Four Hundred Six Thousand Six Hundred Sixty Seven (279,406,667) shares on April
14, 2020. The redemption price shall be the issue price of P75.00 per share, plus any
accumulated and unpaid cash dividends.

When the shares are redeemed, they shall not be considered retired and may be re-issued
by the Company at a price to be determined by the Board. Upon redemption, the shares
shall remain listed and trading is merely suspended until re-issued by the Company and
upon the approval of the application for lifting of trading suspension by the Company and in
accordance with the listing rules of the Philippine Stock Exchange.
March 13 Disclosure of the Company of the Redemption of 279,406,667 Series “1” Preferred shares.

March 13 Further to the requirement of the Securities and Exchange Commission to make a disclosure
to the investing public of the risks and impact of the COVID-19 on the business operations of
publicly-listed companies (PLCs) that will materially affect the decision of investors to buy or
sell or hold the securities of the PLCs, we disclose as follows:

The Company anticipates that there will be a lower demand for our food and beverage
products from on-premise consumption such as restaurant, bars, hotels and similar
establishments due to the directives to minimize public gatherings and tourism-related
activities. However, we expect that there will be a corresponding increase in in-house
consumption of our food and beverage products.

There is also a likelihood for a lower demand for fuel due to the decrease in the use of private
and public transportation. Such decrease will likely occur for all kinds fuel such as gasoline,
diesel and aviation fuel. The decrease in the number of travelers will likely also impact the
volume of vehicles making use of our toll roads.

The Company does not expect that the present situation will cause delays in the delivery of
the supply of raw materials for use in our products. Neither do we expect delays in the
progress of the construction of our infrastructure projects, unless there is a restriction in the
free movement of workers and the delivery of supplies and raw materials.

We do not foresee any adverse impact on the operations of our power business. Although
there is a possibility of lower demand for electricity arising from the possible closure of
schools, offices, malls and other establishments, the portfolio of customers of the power
business consists mostly of distribution utilities and electric cooperatives, which represent
mostly residential and small-scale industrial demand.

March 19 Disclosure of the Company on the News Article entitled: SMC eyes two coal-fired plants
worth P200b.

March 20 We advise that the Company submitted today, March 20, 2020, a Letter-Advise to the
Market and Securities Regulations Department of the Securities and Exchange Commission
(the “Commission”) to inform the Commission that, upon careful consideration, the
Company will defer the processing of the Registration Statement and the issuance and
listing of the Php60 billion commercial papers until such time that conditions stabilize, taking
into consideration the COVID-19 outbreak and following the adoption by the Philippine
Government of Enhanced Community Quarantine and Stringent Distancing Measures over
the entire island of Luzon effective 17 March 2020 until 12 April 2020.

Attached for your reference a copy of the Letter-Advise to the Commission

March 23 We advise that, as disclosed to the Exchange on January 23, 2020, the stockholders of
record of the Series “2” preferred shares will be paid on April 3, 2020. The record date for
this dividend payment was on March 20, and the books of the Corporation will be closed
from March 23 to 27, 2020.

Stockholders of record of the Series “2” preferred shares who have nominated their
respective bank accounts will receive their dividend via direct deposit. Due to lack of
available couriers in view of the implementation of the enhanced community quarantine due
to the COVID-19 outbreak, check delivery corresponding to the dividend payments shall be
put on hold until the normalization of the operations of the courier delivery service and the
restriction on the movement of persons is lifted.
 Please be advised that you may reach the SMC Stock Transfer Service Corporation
at [email protected]

April 2 Disclosures of the Company requesting for an extension of the filing of the 17-A,
Sustainability Report and AFS, and the notice of postponement of the annual meeting of
stockholders of San Miguel Corporation

April 2 Disclosure of the Company on the Amended disclosure on the Re-Schedule of the Annual
Stockholders' Meeting of the Company.

April 15 SMC's change in number of issued and outstanding shares Series 1 Preferred Shares
(SMCP1) as a result of the redemption of 279,406,667 SMCP1 shares on April 14, 2020.

April 30 We write further to our disclosure dated March 12, 2020 that reported the approval of a
cash dividend declaration in favor of the common and preferred stockholders of the
Company, with a record date of April 13, 2020 and a payment date of April 30, 2020.

This is to advise the Exchange that the Company proceeded with the payment of
dividends, as earlier disclosed. Cash dividends of stockholders who have provided the
Company’s stock transfer agent with their bank accounts were deposited to their respective
bank accounts on the payment date.

As for stockholders whose shares are lodged with the PDTC, their dividends were
deposited in the bank account of PCD Nominee Corporation and PDTC has confirmed
receipt of the said dividends for distribution to its registered participants.

The rest of the stockholders who receive their cash dividends through checks will only
begin receiving the checks as soon as courier delivery is available, when business
operations return to normal and the government-declared enhanced community quarantine
that restricts movement in Luzon has been lifted.

Dividends received by stockholders are net of applicable tax.

Please be advised that for inquiry or clarification, stockholders may reach the SMC Stock
Transfer Service Corporation at [email protected]

May 7 Disclosure of the Company on the SEC Form 17-LC, the extension to file the SEC Form
17-Q for the First Quarter is made due to the imposition of restrictions to travel and work in
accordance with the enhanced community quarantine which is effect in Metro Manila and
the rest of Luzon.

May 11 By way of update to the disclosures by the Company on May 10, 2019, and September 9
and 23, 2019 relating to the proposed acquisition of a total of 5,531,566,062 common
shares equivalent to 85.73% of the total outstanding and issued capital stock of Holcim
Philippines, Inc. (“HPI”) by First Stronghold Cement Industries Inc. (the “FSCII”), a wholly-
owned subsidiary of San Miguel Equity Investments Inc., which in turn is a wholly-owned
subsidiary of San Miguel Corporation (the “Company”) from companies controlled by
LafargeHolcim Ltd., we advise that the agreement to acquire the 85.73% shares of HPI,
between and among FSCII, the Company and Holderfin B.V. dated May 10, 2019, has now
lapsed in accordance with its terms: completion of the acquisition required the approval of
the Philippine Competition Commission which was not able to be achieved.

In view of the above, the proposed acquisition by FSCII of the 85.73% of HPI shall no longer
proceed. Accordingly, FSCII withdraws the launch of the tender offer of the HPI shares held
by its minority shareholders which was made by the Company on September 23, 2019.
May 14 San Miguel Corporation (the “Company”), by way of update to its May 11, 2020 disclosure to
the Exchange, advises that Top Frontier Investments Holdings, Inc. in compliance with the
Rule 5.14 and 5.15 of the Merger Rules of the Philippine Competition Commission (PCC)
filed on May 13, 2020 a notice of withdrawal of its notification to the PCC of the proposed
acquisition from companies controlled by LafargeHolcim Ltd. of 85.73% of the total
outstanding and issued capital stock of Holcim Philippines, Inc. by First Stronghold Cement
Industries Inc., a wholly-owned subsidiary of San Miguel Equity Investments Inc., which in
turn is a wholly-owned subsidiary of the Company

May 14 Disclosure of the Company relating to the news clarification entitled "SMC Global post 10%
income drop posted in manilastandard.net"

May 15 Disclosure of the Company on the Re-Schedule of the Annual Stockholders’ Meeting of the
Company.

May 28 We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation
(the "Corporation") held today, May 28, 2020, the Board of Directors of the Corporation
approved the change in the use of proceeds of the proposed issuance of an initial tranche of
Php20 billion, inclusive of oversubscription option of Php5 billion out of the proposed shelf
registration of Php60 billion short term commercial paper which the Company had earlier
filed with the Securities and Exchange Commission, and the delegation to Management of
the decision to reactivate the Registration Statement, determination of the offer size, pricing,
issuance date and negotiation of fees.

As disclosed to the Exchange, on March 20, 2020, Management requested the Securities
and Exchange Commission to defer the processing of the Registration Statement and the
issuance and listing of the commercial papers until such time that conditions stabilize.

The Board of Directors approved the change the use of proceeds from “to partially finance
the redemption of the Series “1” Preferred Shares, the costs of the shelf registration and
issuance, and for other general corporate purposes” to “to pay-off short-term loans for
working capital and payment of related transaction fees, costs and expenses of the
issuance.”

The Company shall make further disclosures once the decision is made to issue the short-
term commercial paper.

May 28 We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation
(the "Corporation") held today, May 28, 2020, the Board of Directors of the Corporation
approved the issuance of up to US$1 billion perpetual securities to be issued either in U.S.
dollars or its equivalent Philippine pesos. The perpetual securities will not be offered to the
public. They will have a fixed rate, cumulative, and payable on a quarterly basis. The Board
of Directors approved and confirmed the delegation to Management of the authority to
determine the date/s of issuance, extent of the amount of the issuance, and terms and
conditions of the issuances of the perpetual securities.

May 28 We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation
(the "Corporation") held today, May 28, 2020, the Board of Directors of the Corporation
declared cash dividends on the preferred shares of the Corporation, as follows:

Class of Shares Dividend Amount per

share

Series “2” Preferred Shares - Subseries “C” P1.50

Series “2” Preferred Shares - Subseries “D” P1.11433125
 Series “2” Preferred Shares - Subseries “E” P1.18603125
Series “2” Preferred Shares - Subseries “F” P1.27635
Series “2” Preferred Shares - Subseries “G” P1.23361875
Series “2” Preferred Shares - Subseries “H” P1.1854125
Series “2” Preferred Shares - Subseries “I” P1.18790625

The dividend payment date is on July 3, 2020, to be paid out of the unrestricted retained
earnings of the Corporation distributable as dividends as of March 31, 2020. Payment shall
be made to the stockholders of record of the aforementioned preferred shares as of June 19,
2020. The books of the Corporation will be closed from June 22 to 26, 2020.

May 28 Press Release entitled: “SMC starts first two months of 2020 strong but Q1 growth stunted
by pandemic.”

June 3 We advise that the Corporation disclosed today, June 3, 2020, to the Philippine Dealing &
Exchange Corp. the redemption of its 2-year fixed rate notes.

June 17 Disclosure of the Company on the passing of Mr. Eduardo M. Cojuangco, Jr., Chairman and
Chief Executive Officer of the Company.

June 22 We advise that, as disclosed to the Exchange on May 28, 2020, the stockholders of record
of the preferred shares of the Corporation will be paid on July 3, 2020. The record date for
this dividend payment was on June 19, and the books of the Corporation will be closed from
June 22 to 26, 2020.

Cash dividends of stockholders who have provided the Company’s stock transfer agent with
their bank accounts will be deposited to their respective bank accounts on the payment date
on July 3, 2020.

As for stockholders whose shares are lodged with the PDTC, their dividends will be
deposited on July 3, 2020 in the bank account of PCD Nominee Corporation, and PDTC will
confirm receipt of the said dividends for distribution to its registered participants.

Due to a reduced number of available couriers in view of the implementation of the general
community quarantine due to the COVID-19 outbreak, kindly expect delays in the delivery of
check payments. We expect to normalize the delivery of checks upon the lifting of
quarantine restrictions in the country.

Dividends received by stockholders are net of applicable tax.

Please be advised that you may reach the SMC Stock Transfer Service Corporation
at [email protected]

June 30 We advise that, at the Regular Meeting of the Board of Directors of San Miguel Corporation
(the "Corporation") held today, June 30, 2020, the Board of Directors of the Corporation
declared cash dividends on the common shares of the Corporation in the amount of P0.35
per common share.

The dividend payment date is on July 31, 2020, to be paid out of the unrestricted retained
earnings of the Corporation distributable as dividends as of May 31, 2020. Payment shall
be made to the stockholders of record of the common shares as of July 15, 2020. The
books of the Corporation will be closed from July 16 to 22, 2020.
June 30 We advise that, at the Annual Stockholders' Meeting of San Miguel Corporation (the
“Corporation”) held today, June 2020, the following were approved:

1. Election of Directors

The following directors were duly elected by the stockholders of the Corporation:

Ramon S. Ang
Leo S. Alvez
Aurora T. Calderon
Joselito D. Campos, Jr.
Jose C. de Venecia, Jr.
Menardo R. Jimenez
Estelito P. Mendoza
Alexander J. Poblador
Thomas A. Tan
Iñigo Zobel
Ramon F. Villavicencio
Reynaldo G. David – Independent Director
Reynato S. Puno – Independent Director
Margarito B. Teves – Independent Director

2. Appointment of External Auditors

The stockholders of the Corporation approved the appointment of the auditing firm of
R. G. Manabat & Co., CPAs as the External Auditor of the Corporation for the year
2020.

June 30 Please be informed that, at the Organizational Meeting of the Board of San Miguel
Corporation (the “Corporation”) held on June 30, 2020, the following appointments
were duly made:

A. By-law officers of the Corporation:

Ramon S. Ang - Vice Chairman, President and

Chief Operating Officer
Ferdinand K. Constantino - Chief Finance Officer-Treasurer
Virgilio S. Jacinto - Corporate Secretary and Compliance Officer
Mary Rose S. Tan - Assistant Corporate Secretary

B. Lead Independent Director: - Reynato S. Puno

C. Head- Internal Audit - Ramon R. Bantigue

 D. Members of the Board Committees:

1. Executive Committee

Ramon S. Ang - Member

Menardo R. Jimenez - Member
Estelito P. Mendoza - Member
Iñigo Zobel - Member

2. Audit and Risk Oversight Committee

Margarito B. Teves - Chairman (Independent Director)

Leo S. Alvez - Member
Reynaldo G. David - Member (Independent Director)
Estelito P. Mendoza - Member
Reynato S. Puno - Member (Independent Director)

3. Corporate Governance Committee

Reynato S. Puno - Chairman (Independent Director)

Aurora T. Calderon - Member
Reynaldo G. David - Member (Independent Director)
Menardo R. Jimenez - Member
Margarito B. Teves - Member (Independent Director)

4. Related Party Transactions Committee

Reynaldo G. David - Chairman (Independent Director)

Joselito D. Campos, Jr. - Member
Alexander J. Poblador - Member
Reynato S. Puno - Member (Independent Director)
Margarito B. Teves - Member (Independent Director)

June 30 Press statement of the Company entitled “SMC bullish on recovery, sets eyes on
rebuilding a more resilient economy from COVID-19 pandemic.”

July 20 Further to the disclosures of San Miguel Corporation (the “Company”) on 05 December
2019 and 05 February 2020, we advise that the Company has mandated BofA
Securities and Standard Chartered Bank as Joint Global Coordinators and Joint
Bookrunners, and DBS Bank Ltd. as Joint Bookrunner to arrange a series of fixed
income investor calls across Asia and Europe commencing 20 July 2020, for which a
Reg S only U.S.$ Benchmark Senior Perpetual Securities (the “Securities”) may follow,
subject to market conditions. As previously disclosed, the Securities will be issued
under the Company’s U.S.$3 billion Medium Term Note and Securities Programme
registered at the Singapore Exchange.

Consistent with said earlier disclosures, no public offering of the Securities will be
made in the Philippines, the United States or in any other jurisdiction where such
offering is restricted or prohibited, or to U.S. persons.
 The Company shall make further disclosures relating to the issuance of the Securities
and the listing thereof with the Singapore Exchange Securities Trading Limited (SGX-
ST) at the appropriate time.

July 22 Further to the disclosure of San Miguel Corporation (the “Company”) on 20 July 2020,
we advise that the Company will be issuing US$500 Million Senior Perpetual Capital
Securities (the “Securities”) with a fixed initial distribution rate of 5.500% per annum.
The Securities will be issued under the Company’s US$3 Billion Medium Term Note
and Securities Programme and will be listed on the Singapore Exchange Securities
Trading Limited.

For the aforementioned issuance of Securities, the Company has engaged (i) BofA
Securities, DBS Bank Ltd. and Standard Chartered Bank as joint lead managers; (ii)
DB Trustees (Hong Kong) Limited as trustee; and (iii) Deutsche Bank AG, Hong Kong
Branch as paying agent.

The appropriate disclosure will be made upon the issuance of the Securities.

July 29 Further to the disclosure of San Miguel Corporation (the “Company”) on 22 July 2020,
we advise that on 29 July 2020 the Company issued US$500 Million Senior Perpetual
Capital Securities (the “Securities”) with an initial rate of distribution rate of 5.500% per
annum. The Securities will be issued under the Company’s US$3 Billion Medium Term
Note and Securities Programme.

Approval-in-principle has been obtained from the Singapore Exchange Securities

Trading Limited (“SGX-ST”) for the listing and quotation of the Securities, and the
Securities are expected to be admitted to the official list of the SGX-ST on 30 July
2020.

August 6 Press statement of the Company entitled “SMC posts revenues of P509.5 billion in H1.”

August 6 We advise that, at the Regular Meeting of the Board of Directors of San Miguel
Corporation (the "Corporation") held today, August 6, 2020, the Board of Directors of
the Corporation still constituting a quorum, voted to elect Retired Chief Justice Teresita
J. Leonardo-De Castro as an independent director of the Corporation, who has all the
qualifications and none of the disqualifications to fill the vacancy in the Board of
Directors of the Corporation.

Retired Chief Justice De Castro is currently an independent director of Top Frontier

Investment Holdings Inc. since July 8, 2019. She was Chief Justice of the Supreme
Court of the Philippines (2018), Associate Justice of the Supreme Court of the
Philippines (2007-2018), Presiding Justice of the Sandiganbayan (2004-2007), and
Associate Justice of the Sandiganbayan (1997-2004). Justice De Castro obtained her
Bachelor of Laws degree from the University of the Philippines, College of Law.
August 6 We advise that, at the Regular Meeting of the Board of Directors of San Miguel
Corporation (the "Corporation") held today, August 6, 2020, the Board of Directors of
the Corporation declared cash dividends on the preferred shares of the Corporation, as
follows:

Class of Shares Dividend Amount

per share

Series “2” Preferred Shares - Subseries “C” P1.50

Series “2” Preferred Shares - Subseries “D” P1.11433125
Series “2” Preferred Shares - Subseries “E” P1.18603125
Series “2” Preferred Shares - Subseries “F” P1.27635
Series “2” Preferred Shares - Subseries “G” P1.23361875
Series “2” Preferred Shares - Subseries “H” P1.1854125
Series “2” Preferred Shares - Subseries “I” P1.18790625

The dividend payment date is on October 5, 2020, to be paid out of the unrestricted
retained earnings of the Corporation distributable as dividends as of June 30, 2020.
Payment shall be made to the stockholders of record of the aforementioned preferred
shares as of September 21, 2020. The books of the Corporation will be closed from
September 22 to 28, 2020.

August 6 In connection with the Regular Meeting of the Board of Directors of San Miguel
Corporation (the “Corporation”) held today, August 6, 2020, we disclose that the Board
of Directors authorized the following:

(a) shelf registration of approximately up to Php40 billion worth of Series “2”

Preferred Shares, at an offer price of P75 per share, or up to 533,333,334
Series “2” Preferred Shares, to be issued for a period of three (3) years or
such other period as determined by Management;

(b) initial offering of approximately up to Php20 billion worth of Series “2”

Preferred Shares, at an offer price of P75 per share, or up to 266,666,667
Series “2” Preferred Shares (the “Initial Offer Shares”);

(c) filing of the appropriate Registration Statement and Prospectus with the
Securities and Exchange Commission; and

(d) filing of the lifting of trading suspension/listing application with the Philippine
Stock Exchange for the Series “2” Preferred Shares.

For these purposes, the Board has authorized Management to determine other relevant
terms and conditions of the public offering in accordance with the market conditions as
well as the engagement of the services of underwriters, advisors, legal counsels, stock
and transfer agent, receiving agent/bank, and other agents as may be necessary,
proper or desirable to effect the offering.
August 6 We advise that, at the Regular Meeting of the Board of Directors of San Miguel
Corporation (the "Corporation") held today, August 6, 2020, the Board of Directors of
the Corporation passed and approved a resolution for the redemption of the
outstanding and issued Series “2” Preferred Shares – Subseries D (the “SMC2D
Preferred Shares”) at a redemption price of P75.00 per share, together with any unpaid
cash dividends. The Company shall issue a Notice of Redemption by publication and
by mail on September 14, 2020.

The SMC2D Preferred Shares, upon redemption, shall not considered retired and may
be re-issued by the Corporation. The trading of the SMC2D will be suspended upon
redemption and may only be tradeable upon application by the Corporation for lifting of
trading suspension in the event the Corporation decides to re-issue them in the future,
subject to compliance with the listing rules of the Exchange.

August 6 Disclosure of the Company relating to the news articles posted on August 6, 2020,
entitled “San Miguel-PNCC joint venture pushing for two new toll road projects” posted
in BusinessWorld (Online Edition).

August 19 Please be advised that, further to its disclosure on August 6, 2020, the Company filed on
August 18, 2020, via email with the Market Securities Regulation Department of the
Securities and Exchange Commission, a Registration Statement and Preliminary
Prospectus for the shelf registration of 533,333,334 Series "2" Preferred Shares, and
initial offering of up to 266,666,667 Series "2" Preferred Shares.
A copy of the Preliminary Prospectus may be viewed at the Company's website at:
https://www.sanmiguel.com.ph/disclosures/l/shelf-registration-and-public-offering-of-
series-2-preferred-shares

August 24 Disclosure of the Company relating to the news articles posted on August 24, 2020,
entitled “SMC unit puts up energy storage systems” posted in BusinessMirror (Online
Edition).

August 26 Disclosure of the Company relating to the news articles posted on August 25, 2020,
entitled “San Miguel investing P122B for SLEX Toll Road 5, Pasig River Expressway
projects ” posted in GMA News Online.

Sept. 4 San Miguel Corporation (the “Company”) requests the Exchange for the suspension of
trading of the Eighty Nine Million Three Hundred Thirty Three Thousand Four Hundred
(89,333,400) SMC2D preferred shares (“SMC2D” Shares) from September 9, 2020
until September 21, 2020, the date of the redemption of the SMC2D Shares. The
record date for the redemption of the SMC2D Shares is September 14, 2020.

In order to Company the opportunity to process the payment of the proceeds

from the redemption of the SMC2D Shares to the stockholders of record, the Company
requests that the trading of SMC2D Shares be suspended beginning September 9,
2020.

Please contact the following should you have any questions or require
additional information relating to the request for trading suspension:

Atty. Virgilio S. Jacinto (02) 8632-3144 [email protected]

Atty. Mary Rose S. Tan (02) 8632-2818 [email protected]
Mr. Enrique Ll. Yusingco (02) 8632-3450 [email protected]
Sept. 8 Disclosure of the Company relating to the news articles posted on September 8, 2020,
“House clears San Miguel’s airport city plan in Bulacan” posted in BusinessWorld
(Online Edition).

Sept. 10 We advise that at the Regular Meeting of the Board of Directors of San Miguel
Corporation (the "Corporation") held today, September 10, 2020, the Board of Directors
approved the declaration of cash dividends on the common shares at P0.35 per share.

The cash dividends for the common shares are payable on October 30, 2020 to all
stockholders of record of the common shares as of October 9, 2020. The stock and
transfer books of the Corporation will be closed from October 12 to 16, 2020.

The dividends shall be paid out of the unrestricted retained earnings of the Company
available for distribution as dividends as of August 31, 2020.

Sept. 14 We advise that the Company published today the Notice of the Redemption of the
outstanding and issued Series “2” Preferred Shares – Subseries D (“SMC2D Shares”)
of the Company. The redemption price is P75.00 per share, and shall be in
accordance with the terms and conditions of the issuance of the SMC2D Shares. The
redemption of the SMC2D Shares was approved by the Board of Directors of the
Company on August 6, 2020. Proceeds from the redemption of the SMC2D Shares
shall be paid on September 21, 2020 to the stockholders of record as of September 14,
2020.

Sept. 15 Further to our disclosures on September 11, 2018 and February 26, 2019 (copy
attached, for your reference), the Company advises the Exchange that the Company
received yesterday, September 14, 2020, a favorable decision from the Securities and
Exchange Commission En Banc denying the Appeal-Memorandum of the petitioner,
and affirming the decision of the SEC Special Hearing Panel dated February 19, 2019
in the case entitled “Josefina Multi-Ventures Corporation vs. San Miguel Corporation
(SMC), San Miguel Food and Beverage, Inc. (SMFB), and Ginebra San Miguel Inc.
(GSMI)” docketed as SEC Case No. 05-18-468 relating to the share swap transaction
between SMFB and SMC.

Sept. 22 Disclosure of the Company on the change in the number of issued and/or outstanding
shares of the SMC2D shares, as a result of the redemption on September 21, 2020.

Sept. 25 Disclosure of the Company relating to the news articles posted on September 25,
2020, entitled “SMC eyes Shell’s Malampaya stake” posted in Manila Standard (Online
Edition).

October 1 Disclosure of the Company relating to the news articles posted on October 1, 2020,
entitled “San Miguel secures regulatory nod for P20-B preferred shares offering”
posted in BusinessWorld (Online Edition).

Oct. 12 Disclosure of the Company relating to the news article entitled “SMC unit turns to
Singapore bond market for funds” posted in Inquirer.net on October 10, 2020.
Oct. 12 Disclosure of the Company to the Exchange submitting a copy of the Order dated
09 October 2020 issued by the Securities and Exchange Commission for the
shelf registration of up to 533,333,334 Series “2” Preferred Shares, and the
corresponding Permit to Sell for the first tranche consisting of 133,333,400 Series
“2-J” Preferred Shares with an oversubscription option of up to 133,333,267
Series “2-J” Preferred Shares.

The Final Shelf Prospectus and the Offer Supplement can be viewed at:
https://www.sanmiguel.com.ph/files/reports/FinalOfferSupplement.pdf
And
https://www.sanmiguel.com.ph/files/reports/FinalProspectus.pdf, respectively.

For inquiries on the Offer, the public may get in touch with any of the contact
persons, as per attached.

Oct. 13 Disclosure of the Company relating to the news articles posted on October 13, 2020,
entitled “San Miguel gets Senate OK on airport franchise” posted in BusinessWorld
(Online Edition).

Oct. 23 Disclosure of the Company relating the news articles posted on October 22, 2020,
entitled “SMC Global hikes size of senior note issuance to $400m” posted in
manilastandard.net.

Oct. 26 Further to our disclosure to the Exchange on August 6, 2020, we disclose that San
Miguel Corporation (the “Company”), pursuant to the authority granted by its Board of
Directors during its Regular Meeting held on August 6, 2020, (a) filed with the Securities
and Exchange Commission today an updated Registration Statement and Offer
Supplement for the public offering of approximately up to Php20 billion worth of Series
"2" Preferred Shares, at an offer price of P75 per share, or up to 266,666,667 Series "2"
Preferred Shares (the “second tranche”), to be issued out of the shelf-registered
533,333,334 Series 2 Preferred Shares of the Company, whose shelf registration was
rendered effective by the Securities and Exchange Commission (“SEC”) on October 9,
2020 under MSRD Order No. 13 Series of 2020 (the "Offer Shares"), and also (b) filed
with the Philippine Stock Exchange the lifting of trading suspension/listing application for
the second tranche.

The updated Registration Statement and the Preliminary Offer Supplement for the Offer
Shares can be viewed at:

https://www.sanmiguel.com.ph/files/reports/UpdatedRegistrationStatement.pdf and
https://www.sanmiguel.com.ph/files/reports/PreliminaryOfferSupplement–Series_2-
K_PreferredShares.pdf, respectively.

As authorized by the Board of Directors, Management shall determine other relevant

terms and conditions of the public offering in accordance with market conditions as well
as the engagement of the services of underwriters, advisors, legal counsels, stock and
transfer agent, receiving agent/bank, and other agents as may be necessary, proper or
desirable to effect the offering.

Oct. 29 Disclosure of the Company relating to the news article entitled “SMC sets sights on
hydropower” posted in BusinessMirror (Online Edition) on October 28, 2020.

Oct. 29 Press release of the Company entitled “SMC raises Php20 billion from preferred share
sale.
Nov. 5 We advise that, at the Regular Meeting of the Board of Directors of San Miguel
Corporation (the "Corporation") held today, November 5, 2020, the Board of Directors
of the Corporation declared cash dividends to be paid out of the unrestricted retained
earnings of the Corporation as of September 30, 2020, distributable as dividends to all
stockholders of record as of December 18, 2020 on the following shares of the
Corporation to be paid on January 8, 2021, as follows:

Class of Shares Dividend Amount

per share

Series “1” Preferred Shares P1.0565625

Series “2” Preferred Shares - Subseries “C” P1.50
Series “2” Preferred Shares - Subseries “E” P1.18603125
Series “2” Preferred Shares - Subseries “F” P1.27635
Series “2” Preferred Shares - Subseries “G” P1.23361875
Series “2” Preferred Shares - Subseries “H” P1.1854125
Series “2” Preferred Shares - Subseries “I” P1.18790625

The books of the Corporation will be closed from December 21, 2020 to December
29, 2020.

Nov. 5 Press Release SMC posts P15-B profits in Q3, bounces back from COVID-19 dip as
economy heals.
Nov. 6
A. The following are the disbursements of the Company from the net
proceeds of the offering of the Series “2” Preferred Shares,
Subseries J (the “Offering”).

Date of Use of Details Amount in Php

Disbursement Proceeds
05 November Investment Additional 95,894,500.00
2020 investment in
San Miguel
Holdings Corp.
for investment in
the MRT 7
project
TOTAL DISBURSEMENTS IN 95,894,500.00
THIS REPORT
BALANCE OF PROCEEDS Php 19,796,115,594.10

The net proceeds of the Offering is computed as follows:

Gross Proceeds Php 20,000,000,025.00

Expenses related to the Offering1 Php 107,989,930.96
Net Proceeds Php 19,892,010,094.10
Nov. 20
The Company is submitting to the Exchange a copy of the Permit to Sell dated
November 20, 2020 for the offering of Series 2-K Preferred Shares consisting of
133,333,400 Series “2-K” Preferred Shares with an oversubscription option of up to
133,333,267 Series “2-K” Preferred Shares (the “Offer Shares”). The Offer Shares shall
be issued under the 533,333,334 Series 2 Preferred Shares Shelf Registration of the
Company covered by MSRD Order No. 13, series of 2020.

The Prospectus and the Offer Supplement can be viewed at:

https://www.sanmiguel.com.ph/files/reports/FinalProspectus.pdf, and
https://www.sanmiguel.com.ph/files/reports/FinalOfferSupplement_Series_2-
K_Preferred_Shares.pdf, respectively.

For inquiries on the Offer, the public may get in touch with any of the contact persons, as
per attached.

1
Expenses related to the Offering include: (i) estimated underwriting fees, legal and other professional
fees and other miscellaneous expenses, which items are subject to further adjustment as and when actual
expenses are settled; and (ii) taxes and filing fees paid to the BIR, SEC and the PSE, respectively
Dec. 3 We advise that the Board of Directors on the Corporation, during the meeting held on
December 3, 2020, approved the equity investment of Php 3 billion pesos in Petrogen
Insurance Corporation (“Petrogen”), an insurance company which is wholly owned by
Petron Corporation (“Petron”) duly licensed and authorized to conduct insurance
business by the Insurance Commission. With the investment, the Corporation will have
a direct equity interest in Petrogen Insurance Corporation in addition to its current
indirect equity interest through Petron.The additional investment by the Corporation in
Petrogen will enable it to expand its insurance business

Dec. 3 In connection with the Regular Meeting of the Board of Directors of San Miguel
Corporation (the "Corporation") held on December 3, 2020, we disclose that the Board
declared cash dividends for Common Shares at P0.35 per share. The cash dividends
are payable on January 22, 2021 to all common stockholders of record as of January
4, 2021. The stock and transfer books of the Corporation will be closed from January 5
to January 11, 2021.

The dividends shall be paid out of the unrestricted retained earnings of the Company
distributable as dividends as of October 31, 2020.

Dec. 4 In accordance with the provisions of the Audit and Risk Oversight Committee Charter
(the “Charter”) of the Company adopted on August 13, 2012 and in compliance with
SEC Memorandum Circular No. 4, Series of 2012 (the “Memorandum Circular”), we
advise that the results of the self-assessment of the members of the Audit and Risk
Oversight Committee for the year 2020, are as follows:

Under the category “Quality and integrity of the Company’s financial statements and
financial reporting process,” with the rating of 5 being the highest and 1 being the
lowest, the average rating given by the five members of Audit and Risk Oversight
Committee (the “Committee”), was 4.84. For this category, there were 5 questions
based on the Charter.

Under the category, “Effectiveness of the Company’s internal control systems,” the
average rating given by the members of the Committee was 4.77. For this category,
there were 16 questions based on the Charter.

Under the category, “Independence and performance of its internal and external
auditors,” the average rating given by the members of the Committee was 4.80. For
this category, there were 16 questions based on the Charter.

Under the category, “Compliance by the Company with accounting standards, legal
and regulatory requirements, including the Company’s disclosure policies and
procedures,” the average rating given by the members of the Committee was 4.80.
For this category, there were 3 questions based on the Charter.

Under the category, “Evaluation of management's process to assess and manage the
Company's enterprise risk issues,” the average rating given by the members of the
Committee was 4.80. For this category, there were 6 questions based on the Charter.
Dec. 10 B. The following are the disbursements of the Company from
the net proceeds of the offering of the Series “2” Preferred
Shares, Subseries J (the “Offering”).

Date of Use of Details Amount in Php

Disburseme Proceeds
nt
10 Investment Additional 147,811,000.00
December investment in San
2020 Miguel Holdings
Corp. for investment
in the MRT 7 project
TOTAL DISBURSEMENT IN 147,811,000.00
THIS REPORT
TOTAL DISBURSEMENTS 243,705,500.00
TO DATE
BALANCE OF PROCEEDS Php 19,648,304,594.10

The net proceeds of the Offering is computed as follows:

Gross Proceeds Php 20,000,000,025.00

Expenses related to the Offering2 Php 107,989,930.96
Net Proceeds Php 19,892,010,094.10

Dec. 14 San Miguel Corporation announces the passing of Director Reynaldo G. David on
December 13, 2020.

Mr. Reynaldo G. David has been the Independent Director of the Company since
June 14, 2016. He is also the Chairman of the Related Party Transactions Committee
and a Member of the Audit and Risk Oversight Committee and Corporate Governance
Committee, respectively, of the Company.

Dec. 18 Disclosure of the Company relating to the news article entitled “San Miguel eyes
takeover of NAIA” posted in GMA News Online on December 17, 2020.

2
Expenses related to the Offering include: (i) estimated underwriting fees, legal and other professional
fees and other miscellaneous expenses, which items are subject to further adjustment as and when actual
expenses are settled; and (ii) taxes and filing fees paid to the BIR, SEC and the PSE, respectively
Dec.23 A. The following are the disbursements of the Company from the net proceeds
of the offering of the Series “2” Preferred Shares, Subseries J (the
“Offering”).

Date of Use of Details Amount in Php

Disbursement Proceeds
22 December Investment Additional 75,710,014.00
2020 investment
in San
Miguel
Holdings
Corp. for
investment
in the New
Manila
International
Airport
project
TOTAL DISBURSEMENT IN THIS 75,710,014.00
REPORT
TOTAL DISBURSEMENTS TO 319,415,514.00
DATE
BALANCE OF PROCEEDS Php 19,575,279,310.70

The net proceeds of the Offering is computed as follows:

Gross Proceeds Php 20,000,000,025.00

Expenses related to the Offering3 Php 105,305,200.304
Net Proceeds Php 19,894,694,824.705

3
Expenses related to the Offering include: (i) underwriting fees, legal and other professional fees and
other miscellaneous expenses, and (ii) taxes and filing fees paid to the BIR, SEC and the PSE, respectively
4
As adjusted to reflect actual expenses paid as underwriting fees, legal and professional fees and other
miscellaneous expenses
5
As adjusted to reflect the actual net proceeds after actual payment and settlement of all expenses related
to the Offering.
 ANNEX “I”

SAN MIGUEL CORPORATION

Sustainability Report
 ANNEX "I"

SUSTAINABILITY REPORT

Contextual Information
Company Details
Name of Organization SAN MIGUEL CORPORATION
Location of Headquarters San Miguel Corporation Head Office Complex,
40 San Miguel Avenue, 1550 Mandaluyong City

Report Boundary: This Report discloses performance Sustainability

Legal entities (e.g. indicators from the following:
subsidiaries) included in this San Miguel Food and Beverage, Inc. (“SMFB”),
report* including its subsidiaries San Miguel Brewery, Inc.
(“SMB”), San Miguel Foods, Inc. (“SMFI”);
Ginebra San Miguel, Inc. (“GSMI”);
San Miguel Yamamura Packaging Corp. (“SMYPC”);
Petron Corporation (“Petron”);
SMC Global Power Holdings Corp. (“SMCGP”);
San Miguel Holdings Corp. (SMHC”);
San Miguel Properties, Inc. (“SMPI”);
SMC Shipping and Lighterage Corporation (“SMLC”);
San Miguel Integrated Logistics Services Inc (“SMILSI”);
Northern Cement Corporation (“NCC”);
San Miguel Foundation, Inc. (“SMF”)

Business Model, including San Miguel Corporation (“SMC”), together with its
Primary Activities, Brands, subsidiaries (collectively with the Company referred to as
Products, and Services the “SMC Group”), is one of the largest and most
diversified conglomerates in the Philippines by revenues
and total assets, with sales equivalent to approximately 4%
of the Philippine GDP in 2020, based on data from its
consolidated revenues for the year, divided by country’s
total revenue, sourced from the Philippine Statistics
Authority.

Originally established in 1890 as a single-product brewery

in the Philippines, SMC today owns market-leading
businesses and has investments in various sectors,
including beverages, food, packaging, energy, fuel and oil,
infrastructure, property development and leasing, cement,
car distributorship and banking services. SMC has a
portfolio of companies that is interwoven into the economic
fabric of the Philippines, benefiting from, as well as
contributing to, the development and economic progress of
the nation.

SMC, through its subsidiaries and affiliates, has become a

market leader in its businesses in the Philippines with an
extensive portfolio of products that include beer, spirits,
non-alcoholic beverages, poultry, animal feeds, flour, fresh
and processed meats, dairy products, coffee, various
packaging products, a full range of refined petroleum
products, and cement, most of which are market leaders in
1
 their respective markets. In addition, SMC contributes to
the growth of downstream industries and sustains a
network of third-party suppliers.
Reporting Period January 1 to December 31, 2020

Highest Ranking Person Maria Raquel Paula G. Lichauco

responsible for this report Vice President, Head of SMC – Corporate Affairs Office

Materiality Process
Explain how you applied the materiality principle (or the materiality process) in
identifying your material topics.
San Miguel Corporation (SMC or the Company) selected topics which it had determined to
be material in its sustainability reporting on the basis of its determination that these are
important aspects of the operation of the Company. The Company’s economic performance,
procurement practices, supply chain, and customer management are important indicators of
the success of SMC in achieving its objectives. The topics on employment, health and safety
initiatives of the Company were also considered material in recognition that the Company’s
human resources are key in attaining sustainability as an enterprise as attested by its
presence as a top employer in the Philippines for more than a century.

Information on anti-corruption practices, customer privacy and data security are also
discussed in the light of the legal obligations imposed on SMC which directly affect its
continuing relationship with its employees, shareholders, customers, business partners,
financial institutions, government and communities.

Finally, the topics on corporate social responsibility, its relationship with the community, and
its efforts to attain UN Sustainable Development Goals reinforce the values of SMC as an
enterprise that gives primacy not just for profit but more importantly to its social contribution
to the Philippines.

The Company reviewed key disclosures from past annual reports and identified additional
topics that have the most impact on the sustainability issues facing its subsidiaries. The
Company also reviewed relevant standards for sustainability reporting such as the
Sustainability Accounting Standards Board (SASB) standards and the Global Reporting
Initiative (GRI) standards for sustainability reporting among others, to assist in determining
additional topics that are material.

After arriving at an initial set of material topics, SMC then conducted interviews and
consultations with pertinent group heads and technical teams. Guided by the presidents and
management heads of its subsidiaries, a series of detailed mapping exercises were then held
to further identify topics that are material to each of the Company’s respective industries. The
resulting set of material topics were then reassessed and information categorized to reflect
the structure of this reporting template.

As SMC continues to improve its processes, enhance its policies and develop responsive
products and services, the Company’s materiality process and topics will be reviewed and
updated accordingly. As such this report contains some updated 2019 data previously not
covered. The Securities and Exchange Commission requires reporting on impacts, risks,
opportunities, and management approach. These are evaluated on a topical level, and
disclosures can cut across several metrics.

2
 ECONOMIC

Economic performance
Direct economic value generated and distributed

Disclosure 2020 2019 Units

Amount Amount
(in (in
million million
pesos) pesos)

Direct economic value generated (revenue) 732,832 1,032,826 PhP

Direct economic value distributed:
(a) Operating costs, including payments to PhP
suppliers 467,105 703,681
(b) Employee wages and benefits 39,274 41,903 PhP
(c) Dividends given to stockholders and PhP
interest payments to loan providers 86,417 89,485
(d) Taxes given to government 127,918 143,227 PhP
(e) Investments to community (e.g. donations, PhP
CSR) 1,898 948

What is the impact and Which stakeholders are Management approach

where does it occur? affected?
What is the
organization’s
involvement in the
impact?

San Miguel Corporation • Employees SMC’s Vision, Mission and

(“SMC” or the “Company”), • Shareholders Values
together with its • Customers
subsidiaries (collectively • Business partners Vision
• Financial institutions
referred to as the “SMC • Government We are San Miguel. Guided
Group”) is one of the • Communities by a strong sense of social,
largest and most diversified environmental and economic
conglomerates in the responsibility, our businesses
Philippines by revenues will lead efforts to deliver on
and total assets, with sales national goals setting the
equivalent to approximately pace of progress in the
4% of the Philippine GDP Philippines.
in 2020, based on data
from its consolidated Mission
revenues in 2020, divided To provide goods and vital
by the country’s total services well within the reach
revenues, sourced from the of every Filipino, making
Philippine Statistics everyday life a celebration.
Authority.
SMC’s Corporate Values
SMC, through its
subsidiaries and affiliates, We do what is right. We
has become a market believe in profit with honor.
3
leader in its businesses in For us, this simply means
the Philippines with an doing what we say we’ll do
extensive portfolio of and acting with honesty,
products that include beer, fairness and integrity.
spirits, non-alcoholic
beverages, poultry, animal We believe in doing our
feeds, flour, fresh and best. We will give every
processed meats, dairy single person we touch the
products, coffee, various best we can offer. We are
packaging products, a full passionate about our brands,
range of refined petroleum products, and services.
products, and cement,
most of which are market We take accountability for
leaders in their respective our decisions. We hold
markets. In addition, SMC ourselves accountable for
contributes to the growth of delivering results, we keep to
downstream industries and our commitments, and we
sustains a network of take responsibility for our
hundreds of third-party actions.
suppliers.
We think innovation. Our
Since adopting its business innovation leads us agility and
diversification program in is driven by our understanding
2007, SMC has channelled of what our customers and
its resources into what it stakeholders need.
believes are attractive
growth sectors, which are We help our people
aligned with the succeed. We believe in
development and growth of treating each other with
the Philippine economy. respect. We cultivate a
SMC believes that culture that recognizes the
continuing this strategy and individuality and contributions
pursuing growth plans of each of our employees,
within each business will helping them become
achieve a more diverse mix productive and responsible
of sales and operating members of society.
income, and better position
SMC to access capital, We are a good neighbor.
present different growth We are a positive force in our
opportunities, and mitigate communities. We believe in
the impact of downturns doing what is good for the
and business cycles. The greatest number of people.
consolidated sales, gross
profit and EBITDA of SMC We advocate sustainable
for the year ended development. We believe in
December 31, 2020 were using only what we need in
₱725,797 million, integrating sustainability
₱149,348 million, and practices into our operations.
₱125,929 million. Water stewardship, energy
optimization, and reducing
SMC’s five key business waste, are our key
groups, most of which are environmental priorities.
market leaders in their
respective industries,
include the following: (1)
food and beverage; (2)
packaging; (3) fuel and oil;
4
(4) energy; and (5)
infrastructure. In addition,
SMC has investments in
other businesses such as
property development and
leasing, cement, car
distributorship, and
banking services.

What are the risk/s Which stakeholders are Management approach

identified? affected?

The following risks may SMC follows an enterprise-

have adverse impact on • Employees wide risk management
SMC’s business operations • Shareholders framework for identifying,
and may constrain the • Customers mapping, and addressing
• Business partners
Company’s financial • Financial institutions risk factors that affect or
performance: • Government may affect its businesses.
• COVID-19 • Communities
pandemic The Company takes a
• Disruption of bottom-up approach to risk
operations management process, with
• Digital commerce each subsidiary mandated
platforms
• Changes in to conduct regular
consumer assessment of its risk
preferences and profile and formulate action
purchasing power plans for managing
• Diversification of identified risks. As SMC’s
businesses and operations form an
acquisition of new integrated value chain,
businesses every process poses
• Possible unique risks. The results of
disagreements these activities flow up to
among joint venture the management committee
partners
• Availability of and eventually, the Board.
financing Venues for these are
• Potential shortage through the Company’s
of raw materials annual business planning
• Increases and process and quarterly
changes in updates on major risks and
applicable taxes, mitigation strategies.
taxation laws, and
tax incentives Oversight and technical
• Exposure to safety, assistance are likewise
health and provided by different
environmental costs
and liabilities corporate units.
• Greater competition
within the industries To effectively address the
where the SMC Covid-19 pandemic, SMC
Group operates enhanced its Business
• Ability of Continuity Plan (BCP) to
subsidiaries and include a Pandemic
associates to Response. All critical
distribute dividends businesses, particularly
• Fluctuations in the those deemed essential,
value of the undertook continuity
5
 Philippine peso planning and provided
against the U.S. overall business impact
dollar data assessment.
• Loss of The BCP Steering
experienced, Committee, composed of
skilled, and SMC senior executives,
qualified managers, supervisors, and
personnel and employees in critical
senior positions, crafted their
management if respective Business
SMC is unable to Division BCPs.
retain their
With the various
services
businesses identified as
• Failure to comply critical industries during the
with relevant pandemic, our Corporate
national and local Affairs Office and Corporate
laws and Human Resources worked
regulations may to secure Covid-19 Inter-
result in financial Agency Task Force (IATF)
penalties or IDs and RapidPass
administrative or accreditation for essential
legal proceedings SMC employees, facilitating
against the their travel to and from our
Company, offices and facilities, to help
including the ensure the uninterrupted
revocation of the operation of key food
Company’s manufacturing facilities, the
licenses or supply of fuel products and
suspension of the electricity, and the
operation of its continuous operations of its
facilities. tollways.
Continued
compliance with
safety, health,
environmental,
and zoning laws
and regulations
may adversely
affect the results
of its operations
and financial
condition
• Significant capital
expenditures,
financing, and
expansion of
marketing and
logistical support,
are subject to a
number of risks
and uncertainties
• The Company’s
financial condition
and results of
operations, may
be adversely
6
 affected by its
debt levels

For 2020, the Covid-19

virus became an additional
critical risk for the
Company. The global
pandemic poses a threat to
lives and livelihood. It
disrupts business
operations, negatively
impacts sales, and
endangers the health of
employees and business
partners. The pandemic’s
global reach, along with the
lack of full understanding of
the virus, and inadequate
pandemic response and
containment strategies,
impacted many economies,
including that of the
Philippines.

The country has earned

the distinction of having the
most prolonged and
restrictive lockdowns in the
world.

What are the Which stakeholders are Management approach

opportunity/ies affected?
identified?
Apart from its financial The extent to which the
value and strong revenue • Employees COVID-19 pandemic will
streams, SMC’s • Shareholders continue to impact the
shareholder value is • Customers Company will depend on
derived from many • Business partners future developments,
sources. These include, • Financial institutions including a successful
• Government
but are not limited to, the • Communities vaccine rollout, the timeliness
development and roll-out of and effectiveness of actions
new products and services, taken to contain and mitigate
continuous improvement of the effects of COVID-19 both
its operations, increasing in the Philippines and
brand and product visibility, internationally by
widening of supply, governments, healthcare
enhancement of its providers, health system
distribution and retail participants, other
networks, and exploring businesses, and individuals.
public-private partnerships. The outcomes of these
developments are highly
Specific to the Covid-19
uncertain and cannot be
pandemic, the Company
predicted. To the extent the
saw opportunities for the
COVID-19 pandemic
businesses to contribute
adversely affects the
to relief and rehabilitation
7
efforts by donating and business and financial results
making available of the Company, it may also
essential goods like food, have the effect of heightening
alcohol, as well as many of the other risks
raising the country’s described in this report.
testing capacity by
donating RT-PCR testing
machines and test kits.
Medical donations also
included high flow nasal
cannula machines,
personal protective
equipment, and the
construction of temporary
quarantine facilities. The
company donated fuel to
the government’s Libreng
Sakay program for
medical front liners and
waived toll fees for
medical front liners. To-
date, the latter program
is still ongoing. The
company also helped
raise incomes of local
farmers by purchasing
excess produce and
agricultural products
including fresh carabao’s
milk.
At the same time, SMC
continued its essential
operations to ensure the
availability of food, power,
fuel, and use of its
expressways throughout
the quarantine.

In early 2021, SMC

established its Ligtas Lahat
Covid-19 vaccination
taskforce and committed to
provide free vaccines to its
over 70,000 employees
and third-party providers.

8
Climate-related risks and opportunities

Governance Strategy Risk Management Metrics and Targets

The Audit and Risk SMC Group The Audit and Risk The SMC Group has
Oversight Committee recognizes that some Oversight aligned its own
of the Company has of its operations are Committee, with the sustainability
at least one member at great risk from the guidance of the approach to the
of the Committee effects of climate BOD, is looking into United Nations
who has relevant and change. A number of developing its current Sustainable
thorough knowledge our major facilities Enterprise Risk Development Goals.
and experience on are located along Management In order to better
risk and risk shorelines, making structure to include understand the UN
management. The sea level rise due to the guidelines of the SDGs from the
Committee is global warming a Task Force on perspective of SMC’s
responsible for the major threat to our Climate-Related stakeholders, the
oversight of the operations. Sea level Financial Company has
enterprise risk rise is now being Disclosures. In created three
management system considered in the addition, SMC’s thematic clusters that
of the Company to planning of future relevant business capture the spirit of
ensure its expansions and units also have their the SDGs in terms of
functionality and other infrastructure own Environment SMC’s long-held
effectiveness. projects. Groups responsible values (1) to conduct
for evaluating current business and create
The Company’s
and potential risks to growth in a
subsidiary Petron
their operations, responsible manner,
Corporation has its
apart from providing adhering to good
own Petron Risk
technical assistance governance and
Management
on the areas of setting the standard
(PRisMS) Policy
pollution prevention for best practices; (2)
Statement.
and waste mitigation, to be a good
Petron Corporation is waste treatment and neighbour to the
committed to an disposal, site communities,
integrated and assessment and stakeholders,
dynamic risk remediation, customers and to the
management environmental nation as a whole,
framework that management and and (3) to take steps
systematically engineering, and to act as stewards for
identifies, assesses, compliance and future generations.
measures, manages permitting
and monitors existing requirements.
and potential risks Health, Safety, and
confronting the Environment Policies
Company and its affirm the Company’s
subsidiaries, whether commitment to
from the environment comply with
or inherent in its regulatory
business processes requirements and
and systems. protect and preserve
To maximize the natural
shareholder value, environment. SMC
risk management believes that
strategies are mitigating climate
adopted throughout change will deliver
the organization. favorable impacts to
its stakeholders and
All managers and result in operational
9
risk owners are excellence.
primarily accountable
for risk management.

Recommended Disclosures
a) Describe the
climate-related
risks and
opportunities the
organization has
identified over the
short, medium
and long term

Since 2017, SMC

has committed to
cut utility and
domestic (non-
scarce and non-
product) water use
across the entire
SMC Group by
50%. The SMC
Group aims to
achieve this goal
by 2025 through
higher water
management
efficiency.

SMC considers
global warming as
a significant risk to
the continuity of
our operations and
as such, continues
to develop
initiatives to both
mitigate and adapt
to its possible
impacts

b) Describe b) Describe the b) Describe the b) Describe the targets

management’s role in impact of climate- organization’s used by the
assessing and related risks and processes for organization to manage
managing climate- opportunities on the managing climate- climate-related risks and
related risks and organization’s related risks opportunities and
opportunities businesses, strategy performance against
and financial planning targets
As part of a The Philippines has The Company does Goals and targets are
resource-intensive experienced a not currently have a set by each facility of
business that is both number of climate- specific climate the operating
a contributor to related catastrophes change policy or businesses.
climate change, the in recent years, strategy. However, For example, SMCGP
Company is including typhoons, we consider global has been investing in
unceasing in its volcanic eruptions, warming as a new technologies that
efforts to improve its earthquakes, significant risk to will lower the negative
environmental tsunamis, mudslides, business continuity
impacts of its
10
performance to be at fires, droughts and and are developing emissions.
par or better than floods related to initiatives to both SMCGP has been
other players in the climate events. mitigate and adapt adding to its portfolio
power and oil Natural calamities to possible impacts.
capacities that use
industries. may disrupt the
Battery Energy
Company’s ability to
Management produce or distribute Storage (BESS)
continuously its products and Technology and
conducts impair the economic Liquified Natural Gas
assessment and conditions in affected (LNG). It is likewise
performance areas, as well as the exploring the
assessments through overall Philippine acquisition or
quarterly economy. These development of
management and events may greenfield plants
safety reviews. Thus, materially disrupt the through solar and
business SMC Group’s hydroelectric power
performance (actual businesses and sources.
vis-à-vis targets), operations and could
compliance with have a material
business hurdle rates adverse effect on our BESS technologies
and financial financial condition address grid-related
parameters/ratios, as and the results of issues as well as
well as health, operations. contribute to the
safety, and company’s renewable
environmental energy portfolio.
requirements are
evaluated LNG importation will
periodically. address the projected
depletion of
SMC’s oil refining Malampaya gas field
subsidiary, Petron, which currently fuels
also has its own 29% of the Luzon
Corporate Technical electricity grid.
Services Group
(CTSG)- At the same time,
Environment, which Petron and SMCGP
is directly continue to
responsible for benchmark with the
formulating policies practices of other
and guidelines players in their
implemented across respective industries
Petron’s various to further improve their
operating units environmental
(Refinery, Terminal performance.
Operations, and
National Sales).
Petron’s CTSG also
manages and
coordinates
programs,
particularly those
aimed at reducing
Petron’s carbon
footprint, and
creating a work
environment that
promotes health and
safety.
11
Procurement practices
Proportion of spending on local suppliers

Disclosure 2020 2019 Units

Quantity Quantity
Percentage of procurement budget used for %
significant locations of operations that is spent 69 43
on local suppliers

What is the impact and where Which stakeholders Management approach

does it occur? What is the are affected?
organization’s involvement in
the impact?
Our businesses are present in SMC’s size and scale of its
• Employees
large economic centers and • Shareholders distribution network provide
fan out to smaller • Customers significant economies of scale and
municipalities throughout the • Business opportunities for synergy in
Philippines. As a Company, partners production, research and
we foster more inclusive • Financial development, distribution,
growth by enabling progress institutions procurement, and marketing. This is
and development through our • Government one of the benefits resulting from
infrastructure projects and • Communities SMC’s vertical integration strategy,
social development initiatives. enabling the Company to leverage
Economic opportunities are on costs and increase sales. The
present wherever SMC size and scale of SMC also lends it
facilities exist. The Company’s significant bargaining power with
manufacturing facilities suppliers.
creates jobs and supports
As such, SMC has centralized its
local economies. Its
procurement through the SMC
infrastructure projects enable
Corporate Procurement Group
economic growth in the cities
(CPG). CPG streamlines the
and provinces they reach.
procurement of all SMC business
Even Petron gas stations are
units, thus decreasing the number
known to bring growth,
of procedures in the procurement of
because their presence
goods and increasing the
supports government
Company’s efficiency. While the
initiatives to set up farm-to-
Company has its group-wide
market roads and other public
Procurement Policy Manual, it will
infrastructure that facilitate
not be disclosed as it is deemed
commerce and business
confidential. The CPG effectively
development. By tapping into
manages supplier accreditation and
local business networks, we
capacity, cost- efficiency, timely
build capacity at the
delivery, and quality of materials,
grassroots level and create
facilities, and services.
more partner businesses and
contractors that help SMC is unique since it operates in
strengthen our business. an ecosystem that includes a
diverse group of supply chain
stakeholders--from large foreign
and local contractors, to society’s
most basic units, the household and
the barangay. While the potential for
inclusive development is great, the
challenge for alignment is
enormous. We seek to leverage on
12
 our size and scale to extend the
Company’s sustainability agenda
throughout our sphere of influence.

What are the risk/s Which stakeholders Management approach

identified? are affected?
Any improper facilitation of With its centralized SMC has
• Employees
supplier selection, negotiation, • Shareholders centralized its procurement through
and delivery of appropriate • Customers the CPG, the number of procedures
goods and services may • Business in the procurement of goods is
severely affect the Company’s partners decreased, even as efficiency is
reputation and profits. • Financial increased. Guided by its
institutions Procurement Policy Manual, CPG
Substandard materials and • Government effectively manages supplier
non-qualified contractors will • Communities accreditation and capacity, cost-
negatively impact operational
efficiency, timely delivery, and
efficiency and product quality.
quality of materials, facilities and
In turn, these may have
services.
repercussions on the market
share of the various brands The SMC Group also enters into
and profitability of the various commodity derivatives to
Company and may also affect manage its price risks on strategic
the safety of its employees commodities. Commodity hedging
and customers. allows stability in prices, thus
offsetting the risk of volatile market
In addition, failure to properly
fluctuations. Through hedging,
manage the procurement
prices of commodities are fixed at
schedule and delays in the
levels acceptable to the Company,
delivery of pertinent raw
thus protecting raw material cost
materials and equipment can
and preserving margins.
result in unnecessary
spending and inventory Additionally, alternative sources of
problems. Stock outs may raw materials are used to avoid and
lead to lost sales and reduced manage risks resulting from
customer satisfaction. If not unstable supply and higher costs.
immediately addressed,
In addition, the Company requires
customer loyalty levels and
third party contractors to adhere to
relationships with business
partners can be affected. standards such as the use of
Overstocks, on the other climate-controlled poultry and hog
hand, may require additional facilities for its Food business. This
spending on warehousing or technology minimizes the outbreak
disposal. of disease, promotes food safety,
and increases efficiency of yield.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
The Company, through the • Employees Good corporate governance is the
CPG, can explore synergies • Shareholders foundation of our leadership
with local suppliers, where • Customers position. We see CPG’s central role
applicable and suitable. By • Business in encouraging the adoption of good
actively engaging with partners governance principles among
qualified third-party providers • Financial suppliers, communicating and
who can suitably cater to the institutions cascading ethical practices
requirements of the business, • Government throughout the supply chain, and
SMC will be giving its • Communities increasing compliance with these
suppliers an opportunity to principles. Thus, CPG is tasked to

13
 improve their financial evaluate and review into the
condition. development, updating, and
consistent application of
The Company also strives to
procurement-related policies and
improve accountability within
procedures.
our network through:
SMC will also continue to invest in
• Embedding of ethical
its people, processes, and
practices within technology through staff training,
procurement processes improved communication
• Increased transparency in processes, and upgrading of
transactions business tools.
• Optimization of procedures
SMC can impose measures on third
for customer
party contractors to constantly
responsiveness
upgrade quality levels to make their
• Increased flexibility in operations more sustainable.
determining optimal and Furthermore, the Company
efficient strategies encourages third party contractors
• Identification of areas for to hire locally so as to improve living
expertise development standards within its host
communities.

Anti-corruption Practices
Training on anti-corruption policies and procedures

Disclosure 2020 2019 Units

Quantity Quantity
Percentage of employees to whom the 100 100 %
organization’s anti- corruption policies and
procedures have been communicated to
Percentage of business partners to whom the 100 100 %
organization’s anti-corruption policies and
procedures have been communicated to
Percentage of directors and management that 100 100 %
have received
anti-corruption training
Percentage of employees that have received 100 100 %
anti-corruption training

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?

Directors, officers and • Employees Training on anti-corruption is

employees represent the • Shareholders included in values and leadership
Company and are, thus, • Customers training seminars and employee
responsible for upholding the • Business orientation programs and form part
good name of the Company. partners of corporate governance seminars
• Financial
institutions required of directors and key
Directors and officers and
• Government officers of the Company. Labor
many employees interact with
14
third parties, including the • Communities relations seminars also include a
government. module on corruption.

What are the risk/s Which stakeholders Management Approach

identified? are affected?
Corruption incidences can • Employees A strong anti-corruption culture is
occur during the interaction • Shareholders essential in maintaining the good
between the Company and the • Customers reputation and operational
third parties it deals with, • Business excellence of all of SMC’s business
including the government. partners units. Guided by SMC’s Corporate
• Financial
institutions Governance Manual and Code of
• Government Conduct and Ethics, the SMC
• Communities Group ensures that all employees,
subcontractors, and suppliers
uphold a high standard of
professionalism and integrity. Every
employee is mandated to use SMC
resources, assets, and information
solely for the purpose required by
their respective office.
Select SMC officers are required to
undergo annual Corporate
Governance training. This training
covers SMC’s good governance
practices and policies, including its
Whistle-Blowing Policy, Conflict of
Interest Policy, Board
Remuneration, and Receipt of Gift
Policy.
Employees are encouraged to
speak out and call the attention of
management to any suspected
wrongdoing within the organization.
The Whistle-Blowing Policy protects
the informer from any retribution or
retaliation and empowers them to
communicate directly to the SMC
Audit Committee through the Office
of the General Counsel for such
concerns.
The SMC Group also acknowledges
that it has the right to protect itself
from possible conflicts of interest on
the part of its employees, which
might affect its financial and
business viability. The Conflict of
Interest Policy requires directors,
officers, and employees to disclose
the extent of their business
interests. Failure to disclose fully is
a ground for temporary
disqualification.
In addition, SMC personnel are
encouraged not to accept any gifts
as they may be used to extract
15
 personal favors, especially in
matters of hiring, awarding of
dealerships and contracts, and
similar activities.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
Availability of more in-depth • Employees The Company will continue to
training on anti-corruption that • Shareholders promote anti-corruption awareness
can enhance awareness and • Customers and resonsibility through leadership
implementation of anti- • Business training seminars, employee
corruption policies and partners orientation programs, and labor
• Financial
practices in the Company. Institutions relations seminars. The Company
• Government will also continue to include anti-
• Communities corruption as a topic in corporate
governance seminars required to be
attended by directors and key
officers of the Company.

Incidents of Corruption

Disclosure 2020 2019 Units

Quantity Quantity
Number of incidents in which directors were 0 0 #
removed or disciplined for corruption
Number of incidents in which employees were 0 0 #
dismissed or disciplined for corruption
Number of incidents when contracts with business 0 0 #
partners were terminated due to incidents of
corruption

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?

Directors, officers and • Employees Guided by SMC’s Corporate

employees represent the • Shareholders Governance Manual and Code of
Company and are, thus, • Customers Conduct and Ethics, the SMC
responsible for upholding the • Business Group ensures that all employees,
Company’s good name. partners subcontractors, and suppliers
• Financial
institutions uphold a high standard of
By the very nature of their
• Government professionalism and integrity.
positions, they interact with
third parties that deal with the • Communities
Company, including the
government.

What are the risk/s Which stakeholders Management approach

identified? are affected?
16
 • Conflict of interest • Employees SMC personnel are encouraged not
• Shareholders to accept any gifts as they may be
• Bribery/gifts • Customers used to extract personal favors,
• Business especially in matters of hiring,
partners awarding dealerships and contracts,
• Financial and similar activities.
institutions
The SMC Group also guarantees
• Government
strict compliance with all laws
• Communities
pertaining to anti-corruption
practices. Transactions with
government counterparts and
regulators are transparent, in order
to foster trust to the communities we
serve.
The Company has a Code of
Conduct and Ethical Business
Policy that sets out the Company’s
anti-corruption policy and its
Company Rules and Regulations on
Discipline impose disciplinary action
for a breach of such anti-corruption
policies. Anti-corruption trainings of
directors, officers, and employees
provide values trainings that are
geared towards highlighting the
adverse effects of corruption.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
Increased awareness on the • Employees The Company will continue to
negative impact of corruption. • Shareholders promote anti-corruption awareness
• Customers and responsibility through
• Business leadership training seminars,
partners employee orientation programs, and
• Financial labor relations seminars. The
institutions Company will also continue to
• Government include anti-corruption as a topic in
• Communities corporate governance seminars
required of directors and key
officers of the Company.

17
 ENVIRONMENT
Resource Management
Energy consumption within the organization

Disclosure 2020 Quantity 2019 Quantity Units

Energy consumption (renewable sources) 566,448 470,908 GJ

Energy consumption (non-renewable) 133,792,635 142,460,641 GJ

Sold Energy 43,400,960 40,029,849 GJ

Energy consumption (electricity) 798,611,265 901,860,204 kWh

Net Energy Consumption 93,833,122 106,148,397 GJ

Reduction of energy consumption

Disclosure 2020 Quantity 2019 Quantity Units

Energy Reduction (TOTAL) 841,063 74,238 GJ

What is the impact and where Which stakeholders Management approach

does it occur? What is the are affected?
organization’s involvement in
the impact?

SMC’s energy consumption is • Communities SMC mandates its business units

primarily from fuel consumption • Employees and their respective facilities to
to produce steam that implement or move towards the
eventually generates power, • Shareholders implementation of an applicable
that is sold (43%) by our power Energy Management System.
plants. The rest is used to run
Aside from establishing their own
process equipment to produce
environmental management
fuels, food, and beverage
systems, SMC facilities have clear
products. The next energy
targets in the form of KPIs for the
source is electricity, which
reduction of electricity. Air
powers the SMC Group’s
emissions, effluents, and solid
offices, manufacturing plants,
waste volumes are also being
construction projects, and other
monitored and addressed in these
facilities. Although the
systems.
Philippines, including SMC’s
energy business, is gradually SMC’s various subsidiaries have
increasing its clean energy employee engagement programs
capacity, the country still relies and conduct training on
mostly on coal-fired power conservation measures for all
plants. While it is still the most employees. Specifically, for
affordable technology for SMCGP, employees are given the
energy production, coal power opportunity to suggest ways to
plants generate GHG emissions conserve energy through the Work
and air polluting substances Improvement Suggestions by
that negatively affect people Employees (WISE) and Work
and the environment.
18
 Improvement Team (WIT)
programs.
While SMC’s net energy
consumption decreased by 11.6%
due to lower production volume
from the manufacturing sector in
2020 caused by the pandemic
lockdown, 6.8% of this is the result
of energy reduction projects
implemented by the different
subsidiaries.
SMC’s head office leads by
example by implementing a power
scheduling program that allows for
the regulation of energy
consumption of air conditioners,
elevators, and lights
All local plants of packaging
subsidiary, SMYPC, adhere to the
globally-recognized ISO 50001
certification.
The Masinloc Power Plant has
retrofitted its turbine, mill rotary
separator, and roller press,
contributing significantly to energy
reduction.
Generation of biogas from our
wastewater treatment plants, which
substitutes for fossil fuel in the
production of steam, increased
considerably at our distillery.
Solar energy panels are also
installed in some facilities to add
renewable sources to the energy
consumption mix.

What are the risk/s Which stakeholders Management approach

identified? are affected?
The Philippines is facing a • Customers SMC’s long-term goal in the power
mounting energy crisis as the • Communities business includes adding more
Malampaya gas field is capacities from renewable power
expected to deplete by 2024. • Employees sources, while ensuring stable
The country’s current energy • Shareholders supply of power.
mix is composed of coal (47%),
SMCGP has started construction of
natural gas (22%), renewable
32 new BESS facilities around the
energy (24%), and oil based
country, with a total capacity of
(6.2%), with current energy
1,000MW. BESS technologies
capacity at 23 GW
address grid-related issues, as well
(International Trade
as contributes to the Company’s
Administration, 04/22/2020).
renewable energy portfolio.
Coal power remains the fastest
19
way to fill the power shortage
while development of
alternative sources takes longer
and is more expensive.

What are the opportunity/ies Which stakeholders Management approach

identified? are affected?
SMC has invested in studies to • Customers In support of these studies, SMC’s
develop a series of power • Communities business units continue to monitor
consumption reduction baseline data of its energy
schemes for each of its • Employees consumption to continuously reduce
business units, to be • Shareholders consumption across the Company.
implemented in upcoming SMCGP’s greenfield power plants –
years. These studies, which the Malita and Limay Circulating
cover manufacturing facilities, Fluidized Bed (CFB) plants and the
assess the consumption Masinloc power plant, for instance,
volumes and patterns of each documents consumption and
facility, including their emission rates for the information of
corresponding efficiency scores all stakeholders. The SMC Group is
and possible gaps and pain currently exploring the possibility of
points. extend this into a company-wide
energy audit, which is seen to result
in a more holistic and transparent
energy management policy and
approach.

Water consumption within the organization

Disclosure 2020 Quantity 2019 Quantity Units

Water withdrawal* 2,274,262,613 2,561,431,113 m3
Fresh Water (Ground, Surface, 27,827,927 33,151,913 Cum
Water District, Produced Water)
Rainwater 22,743 10,742 Cum
Seawater 2,246,411,944 2,528,268,458 Cum
Water Discharged 2,245,586,132 2,508,594,375 Cum
Water consumption* 28,676,481 52,836,739 m3

Water recycled and reused 1,070,374 1,170,972 m3

% Water Recycled and Reused 0.05 0.05 %

% Water Recycled/Reused of Fresh 3.85 3.53 %
Water

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?

As the population grows, • Customers In 2017, SMC made a commitment

demand for water increases. • Communities to cut utility and domestic (non-

20
Correspondingly, the demand • Employees scarce and non-product) water use
for goods and services also across the entire SMC Group by
• Shareholders
increases, further adding to 50%. The SMC Group aims to
the demand for water. achieve this goal by 2025 through
Forecasts quoted by the higher water management efficiency
Water Alliance, composed of by:
leading corporations in the ● Eliminating wastage of
country, showed that by 2025, water across operations through
17 out of the 441 river basins adoption of stricter measures to
in the country will experience
improve the efficiency of the
water shortage. These river
Company’s water use; utilization
basins are located in densely
of water-saving technologies,
populated areas where
economic development is and implementation of
concentrated. conservation programs. All
facilities and machinery are
Another immediate impact of closely monitored for any signs
excessive water extraction of leakage and malfunction that
from the ground is soil would cause water wastage;
subsidence and salt water
intrusion—long since a ● Reusing and recycling more
problem in Metro Cebu. water. SMC optimizes its
wastewater treatment facilities to
further lessen its water footprint.
Business units constantly try to
make greater use of treated
greywater for non-essential
purposes. For example, treated
wastewater effluents from San
Miguel Brewery and San Miguel
Global power plants are reused
for utilities and gardening within
the facilities, and
● Reducing the use of ground
and surface water and protecting
vital water sources. The
Company continues to reduce
the use of ground and surface
water, protect these water
sources, and empower
communities to do the same. To
reduce the use of surface water,
the Company makes use of
alternative water resources. For
2020, Petron alone utilized
1,753,482 cum of desalinated
water, 303,209 cum of recycled
wastewater, and 7,271 cum of
harvested rainwater in its
operation. These alternative
sources of water account for
25.2% of Petron’s fresh water
requirement.
• SMFB also monitors water use,
which it has identified as a key part

21
 in the effort. It constantly updates
its water meters and installs sub-
meters where needed. Fixing and
addressing leaks have also
resulted in elimination of water
wastage across SMFB’s
operations.

What are the risk/s Which stakeholders Management approach

identified? are affected?
As one of the biggest • Customers The Company is studying several
conglomerates in the country • Communities water source development projects
working in a broad array of as part of its long-term business
industries, water is critical to • Employees
strategies to ensure availability and
SMC’s manufacturing • Shareholders stability of water sources in the
processes and operations. future.
The instability of water supply
in the Philippines, specifically The Company also supports the
in SMC’s areas of operations, current administration in the
can lead to price hikes and development of policies that will
supply shortages that can integrate and centralize
adversely affect its management of water for the
businesses. A good number country.
of SMC’s business units, such
as its Beverage business,
sources its water requirements
from deep wells and water
utility service providers. State
restrictions on the use of deep
well water could potentially
disrupt operations. Likewise,
price increases for the use of
deep well water or by water
utility service providers can
adversely affect operating
costs. This in turn can
adversely affect the
Company’s financial condition,
the results of its operations,
and growth prospects.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
The increasing cost of water • Customers In 2020, SMC doubled the volume
makes it financially viable to • Communities of harvested rainwater using empty
adopt water treatment drums and idle tanks. Additional
technologies that will increase • Employees
rainwater collecting tanks are
use of alternative sources • Shareholders budgeted already in the coming
such as seawater, treated years.
industrial wastewater, grey
water, and black water. Tertiary treatment of wastewater will
be expanded using state-of-the art
water purification technologies to
increase use of recycled water in

22
 boilers and cooling towers.

Materials used by the organization

Disclosure 2020 Quantity 2019 Quantity Units

Materials used by weight or volume
• renewable 4,557,101,617 5,471,414,578 Kg
Kg
• non-renewable 11,667,533,651 13,298,923,429 Kg

Percentage of recycled/reused input materials 10.3* 13.2* %

used to manufacture the organization’s
primary products and services
*Includes reused second-hand bottles, plastic crates and pallets.

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?

The products and businesses • Customers The SMC Group manages materials
of the SMC Group, specifically, consumption through efficient
the beverage, food, packaging, • Communities processing systems and inventory
fuel and oil, and energy • Employees management within plant operations.
businesses, depend on the
availability of raw materials. • Shareholders Operational processes are
Most of these raw materials, engineered to be efficient, fully
including some critical raw utilizing input materials with minimal
materials, are procured from wastage. Businesses are equipped
third parties. These raw with the latest technology managed
materials are subject to price by highly skilled teams who ensure
volatility caused by a number of processes are constantly efficient
factors, including changes in and regularly monitored. SMC also
global supply and demand, invests in research and development
foreign exchange rate of better materials and more efficient
fluctuations, weather processes that could lessen the
conditions, and governmental overall impact of the Company’s
controls. Aside from said risks, overall materials consumption. To
each material input carries risks further minimize wastage, materials
intrinsic to the economic, social, leftover from production processes
and environmental aspects of are assessed for viability. If certain
producing and delivering them. materials are deemed viable and will
not compromise batch quality, they
Each business then faces will be re-used in production.
impacts and risks adjacent to
their primary product and Some of the material by-products
service inputs: that are recycled and reused as
inputs are:
● Food and Beverage
business: livestock, ● Food and Beverage business:
sugarcane molasses, offal, bakery meal, wheat
anhydrous milk fat, germ, pollard and bran, spent
wheat, and soybean grain and brewer’s yeast,
meal, corn animal by-products

23
 ● Packaging business: ● Packaging business: PET
glass, aluminum, paper regrinds, scrap crates, glass
and composites bottles, caps, plastic bags,
● Energy business: coal scrap paper, cullets, among
● Fuel business: crude oil others
● Infrastructure business: ● Energy business: bottom ash
asphalt, concrete, steel,
wood, clay Packaging materials continuously
reused by the Food and Beverage
business until they are no longer
functionally usable, include pallets,
glass bottles and plastic crates.

The Company recognizes that the

production of packaging materials, in
whatever form, uses resources like
energy, water, chemicals, and
petroleum. The manufacture of such
materials often generates air
emissions, wastewater, and other by-
products. As part of its commitment
to the environment, the Company
has helped reduce packaging wastes
by reusing certain materials such as
glass bottles, pallets, and plastic
crates. For example, SMB has long
maintained its returnable glass bottle
(RGB) system and GSMI has been
increasing the coverage of its bottle
retrieval network. For SMB, given its
nationwide distribution network and
the nature of its business, the RGBs
naturally flow back into the system
and are reused for approximately five
to 10 years, depending on the
condition of the bottles. GSMI also
uses second-hand bottles that are
sourced through its bottle retrieval
program.

What are the risk/s Which stakeholders Management approach

identified? are affected?
The Company may face • Customers SMC’s inventory management entails
disruptions in the supply of diligent monitoring of materials,
major raw materials. For • Communities ensuring the delivery of supplies and
example, the current global • Employees contingency supplies, and use of
focus on bioethanol fuel alternative primary materials.
continues to contribute to • Shareholders Moreover, SMC is not dependent on
higher prices for molasses, one or a limited number of suppliers
which is a major raw material in for its primary raw materials and
the production of spirits, as essential supplies requirements.
traders can choose to sell their
molasses to producers of The CPG, along with the Business
bioethanol rather than to Procurement Groups of the SMC
beverage alcohol, thereby divisions, secure a number of
24
causing higher demand and alternative accredited suppliers to
cost. Movements in the global streamline contingent processes,
supply of raw materials may should a shortage or failure to deliver
affect cost and prices, affecting occur. They implement stringent
the Company’s ability to supplier accreditation policies,
purchase materials for needed ensuring partnerships with the right
output. suppliers.

Acquisition of high-quality raw Alternative sources of raw materials

materials and implementation are also used in the Company’s
of efficient processes in operations to manage risks related to
production are key to the supply and cost stability. For
success of the Company. example, the food division of SMFB
Using substandard materials has integrated cassava in its primary
will produce substandard raw materials as a substitute for corn,
products for its customers, which is a vital ingredient in the
whereas if processes are production of animal feeds. The
inefficient, these will result in spirits division also processes
low yield, leading to wasted cassava as starch milk at one of its
high-quality raw materials. With facilities, as an alternative material in
the large quantities needed as the production of alcohol.
input for the Company’s
products, wastage of these
materials due to process
inefficiency may impact the
local (Philippine or Southeast
Asia) supply of mentioned
materials.
What are the Which stakeholders Management approach
opportunity/ies identified? are affected?
Through vertical integration, • Customers SMC continues to evaluate
SMC combines the strengths opportunities both within and
of its businesses and finds • Shareholders
outside the SMC Group and
the complementary examines processes and
capabilities to maximize the material requirements and
value of materials. identifies all material derivatives
and by-products which may be
useful to other business units’
supply chain as inputs. This
lowers wastage and maximizes
the use of raw materials. For
example, the Animal Nutrition
and Health segment under SMFI
uses the by-products of other
SMFB subsidiaries as raw
materials; among them, spent
grain and yeast from SMB,
pollard from San Miguel Mills,
Inc., and offal and feathers from
its poultry dressing plants.

25
Ecosystems and biodiversity

Disclosure 2020 Quantity 2019 Quantity Units

Operational sites owned, leased, 5 5 #
managed in, or adjacent to, protected
areas and areas of high biodiversity
value outside protected areas
Habitats protected or restored 60.78 168 ha

IUCN3 Red List species and national 2 2

conservation list species with habitats
in areas affected by operations

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?
The nationwide reach of • Customers The Company’s management ensures
SMC’s operations exposes the that facilities across all business units
• Communities are compliant to the standards set by
Company to the varying
conditions of, and risks to, our • Employees the Department of Environment and
natural environment. Thus we Natural Resources (DENR) and are
• Shareholders equipped with assessment tools for
seize opportunities to protect
• Government ecological monitoring reports.
and nurture biodiversity.

What are the risk/s Which stakeholders Management approach

identified? are affected?
SMC holds its business units • Customers SMC, through its subsidiaries, has
responsible for assessing and also initiated company-wide
decreasing impacts to • Communities initiatives such as reforestation,
surrounding ecosystems and • Employees carbon sink programs, and coastal
biodiversity. These impacts clean-ups. This includes SMCGP’s
include loss of trees due to • Shareholders project, the “747 Program'', which
clearing activities for • Government aims to plant seven million trees over
construction, natural systems the next seven years through a
being interrupted because of combination of reforestation
operations, loss of biodiversity initiatives, protected forest reserves,
due to noise pollution, depletion biochar production, and mangrove
of groundwater resources, and rehabilitation. These are conducted
degradation of water systems in coordination with the local and
due to wastewater effluents. national governments.
These impacts to biodiversity
and ecosystems not only have Puno ng Buhay Program, a
legal repercussions but have complementary endeavor of SMB, is
consequences to local a forest restoration and mangrove
communities as well. conservation and restoration
partnership with the LGU and DENR.
Host communities are given technical
skills training on mangrove
management. This program has also
provided residents of coastal areas
26
 an additional source of livelihood.
Specific to Bawing Terminal,
Petron prepared a 10-year
rehabilitation plan-- from 2020 to
2030 that covers 91,737 m2 of
foreshore area along the
Sarangani Bay Protected
Seascape. The plan focuses on
addressing environmental issues
(including water pollution and
habitat destruction) and socio-
economic issues (alternative
livelihood). This rehabilitation plan
will be reviewed and updated
every 10 years, or sooner if
needed, to account for
developments in the area and
changes in regulations.

Along the shore of the Guimaras

Strait and adjacent to the distillery, in
particular, GSMI secured a mangrove
reforestation area as contribution to
the preservation of the water quality
and marine biodiversity in the Strait.
Mangroves planted in the 12-hectare
area have a 96% survival rate.
Benefits from the initiative include
reduced risk of flooding and soil
erosion and a reduction in carbon
emissions, thereby minimizing
environment-related risks to the
strait. Regular tree planting within the
vicinity is conducted every year.

GSMI also works with partner

cooperatives on the island of
Guimaras in organizing regular
coastal clean-ups and to monitor the
shoreline and mangroves.
What are the Which stakeholders Management approach
opportunity/ies identified? are affected?
There are opportunities for • Customers Strengthened by the plans and
SMC to engage stakeholders capabilities of SMC’s
• Communities
in shared activities to protect infrastructure arm, the Company
ecosystems. • Employees can conduct more thorough
The Company can also • Shareholders assessments for upcoming
introduce science-based development projects. From the
• Government
solutions or interventions to planning stage to the completion
correct existing practices in of greenfield projects, the
environmental management. Company also can ensure that
It can also inform and engage installations and new
the general public on San technologies are suitable to
Miguel’s various social and natural resources and existing
27
 environmental advocacies. ecosystems, and can also
contribute to biodiversity.
Environmental impact management
Air emissions
GHG

Disclosure 2020 Quantity 2019 Quantity Units

Direct (Scope 1) GHG Emissions 13,731,537 15,761,644 Tonnes CO2e

Energy indirect (Scope 2) GHG 577,524 645,235 Tonnes CO2e

Emissions

Air pollutants

Disclosure 2020 Quantity 2019 Quantity Units

NOx 14,771,885 14,425,102 kg

SOx 37,520,161 38,707,299 kg

Volatile organic compounds (VOCs)* 198,506 87,825 kg

Particulate matter (PM) 1,511,111 1,602,806 kg

What is the impact and where Which stakeholders Management approach

does it occur? What is the are affected?
organization’s involvement in
the impact?

The primary sources of GHG • Customers SMC manages air emissions by

emissions from SMC’s • Communities closely monitoring by-product
operations are: power plants, levels, making sure that reduction
fuel refinery, cement plant, • Employees
target levels are met. This is in
and the SMC Group’s • Shareholders accordance with EMS systems in
combined electricity place in different facilities, as well
consumption. Various steps • Government
as environmental compliance
involved in the processing of standards (SOx, NOx, PM, CO and
materials to produce the opacity) set by DENR and the World
Company’s products emit
Bank (WB).
pollutants and impact air
quality. Coal-fired power The business units have different
plants are one of the biggest strategies in place to achieve this.
industrial sources of mercury. The energy business implements
Fuel mixes and formulas may bike health/emission programs, fleet
emit high concentrations of management strategies, technology
CO and NOx. All these integration for business tasks, and a
deteriorate air quality within weekly update on emission data.
the vicinity of sites of Petron’s 29 terminals are certified
operations and significantly with EMS ISO 14001, ensuring that
contribute to climate change.
their system is capable of emission
reductions, supplemented with a
terminal Eco-watch program.
28
 These efforts are complemented by
SMC’s investments on instruments
to measure and reduce emissions
such as electrostatic precipitators.

What are the risk/s Which stakeholders Management approach

identified? are affected?
There is currently no material • Customers SMC’s approach to sustainability
risks to the Company relating goes beyond compliance with
• Communities regulatory requirements. The
to greenhouse gas
emissions. Potential risks • Employees Company has been able to better
may arise should the articulate how the running of our
• Shareholders operations are in consonance with
government impose a cap on
greenhouse gas emissions to • Government the interest of stakeholders and host
support its GHG reduction communities. Our approach has
commitment in the Paris always been to establish impactful
Agreement. businesses that are environmentally
responsible

A good example is Distileria Bago

where its own wastewater treatment
plant produces and harvests biogas,
which is then used to displace, and
significantly reduce its reliance on,
fossil-derived liquid fuels.

Other efforts include the installation

of solar panels in several SMFB
facilities and utilization of biogas in
some operations, thereby reducing
GHG emissions from electricity and
use of non-renewable energy
resources.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
The Company believes that • Customers SMC continuously monitors these
research and development • Communities developments in order to find ways
play vital roles in maintaining to integrate these new practices and
its position and market • Employees
technologies to increase efficiency.
leadership, and consequently • Shareholders As an example, SMCGP plans to
setting the mark for cleaner explore the use of catalytic
and more efficient processes. • Government
reduction technology to further
The huge challenges of improve NOx emissions. This
climate change and the urgent advanced active emission control
need for global emissions
technology injects reductant agents
reduction have paved the way
to capture and remove NOx
for advancements in green
emissions. SMC is also looking into
technology, which include
certain processes and increasing air pollutant monitoring
materials that manage air across all business units, especially
emissions and also streamline those with high impact operations.
operation.

29
Solid and Hazardous Wastes
Solid waste

Disclosure 2020 Quantity 2019 Quantity Units

Total solid waste generated 2,335,046,403 2,477,974,754 kg

Recycled 983,946,917 778,086,125 kg

Composted 4,939,972 4,770,640 kg

Residuals/Landfilled 1,346,159,514 1,695,117,989 kg

*Reusable and recyclable wastes are collectively classified as Recyclable Waste, hence zero for reusable waste.
**No disposal of waste through incineration, thus zero figure is reflected

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?

SMC’s manufacturing facilities • Customers SMC implements a comprehensive

and corporate offices generate • Communities solid waste management program
various types of solid waste to protect public health and the
that may result in negative • Employees
environment. The Company fully
environmental and cost • Shareholders complies with the Ecological Solid
impacts if not managed Waste Management Act (RA 9003)
properly. Clearly, the • Government
and all statutes that cover the ambit
inefficient management of of SMC’s operations.
waste poses health and
environmental risks. The poor
handling of solid waste may SMC’s facilities pursue various
also affect the sanitation of its
efforts to reduce solid wastes,
various sites, which is a
including:
crucial aspect in
manufacturing quality
products. Additional costs may • Collection of production scraps
also lead to regulatory for recycling
ramifications, including • Utilization of animal waste for
penalties and the need to biomass energy
replace contaminated • Recovery of spent grain to serve
products. as additives in animal feeds
Food waste is a type of solid • Proper waste segregation
waste that is significant to • Banning of single-use plastics
SMC’s operations as food and • Returning damaged or
beverage take up a huge part substandard materials to
of its core business. In the suppliers
process of meeting varying • Selling of scrap metals to third
demands for products, the parties
food and beverage lines may • Recycling of plastics
result in surpluses and • Recycling and reusing paper
packaging defects leading to
wastage. Products that are not In addition to these, the Company

30
sold within their prescribed strives to increase its value to
shelf life also turn into food customers by developing products
waste. Food waste refers to and initiatives that integrate
“discarding or alternative (non- sustainability, such as the
food) use of food that is safe returnable glass bottle system for
and nutritious for human the beer business, and the use of
consumption along the entire recyclable products for the
food supply chain, from packaging business.
primary production to end
household consumer level”. SMC takes a further step in
reducing the country’s food waste
by redirecting possible wastage to
food banks before they expire.
Processed meats and products that
are not able to meet distribution
standards but are still of quality are
donated to its adopted indigent
communities in Tondo, Manila.
More than a feeding program
initiative, this program aims to
eradicate poverty through capacity-
building initiatives for the said
community.

What are the risk/s Which stakeholders Management approach

identified? are affected?
The Company delegates the • Customers A specific division or business task
task of transporting solid • Communities force may be created to fully
wastes to appropriate landfills centralize the collection and
relative to site locations, to • Employees
management of these solid wastes.
DENR accredited waste • Shareholders For example, collected solid wastes
haulers. can be recycled or used as biomass
• Government
SMC recognizes its vital role for fuel in the refining process; while
in making sure wastes are collected solid wastes from
properly collected, sorted, and infrastructure business can be
stored Improper disposal of recycled and used for other
solid wastes can contribute to projects. There is also a potential in
land or marine pollution. If integrating practices from
solid wastes are not properly international operations and seeking
managed, it can cause the counsel from globally renowned
proliferation of pests and partners to develop efficient solid
illnesses, as well as potentially waste management systems.
leaching into the local
groundwater table.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
• Customers As part of its ongoing commitment to
The packaging business has
environmental stewardship, SMC
the technology and research • Communities continues to explore other
capacity to test for ways to
recycle packaging materials. • Employees opportunities that will help make the
Company’s processes more efficient
This presents an opportunity • Shareholders end-to-end—from manufacture to
to develop programs specific
to the Company’s needs in • Government delivery of its products. The
Company continues to evaluate new
recycling and waste reduction.
technologies that will reduce solid
31
 wastes in its facilities and send less
of it to landfills.

In late 2019, the Company initiated a

project to develop a process to utilize
plastic waste for the production of
asphalt. The Company partnered
with Dow Philippines to use around
900 kilos of plastic waste—equivalent
to some 180,000 sachets and plastic
bags—into asphalt. The asphalt was
then used for a 1,500 sq.m. area at
its logistics facility in Cavite. This
was a first in the country.

Hazardous Waste

Disclosure 2020 Quantity 2019 Quantity Units

Total weight of hazardous waste 4,801,334* 4,444,753 kg
generated
Total weight of hazardous waste 1,917,099 10,508,825 kg
transported
*
Sudden surge comes from a one-time generation of waste from Petron refinery’s unscheduled maintenance
due to a shutdown caused by the pandemic.

What is the impact and where Which stakeholders Management approach

does it occur? What is the are affected?
organization’s involvement in
the impact?

SMC’s business lines produce • Customers SMC’s business units have their
a large volume of hazardous • Communities own hazardous waste storage
wastes. Such wastes include: facilities in strategic locations away
• Employees
• busted fluorescent lamps, from foot traffic and direct sunlight.
• ink cartridges, • Shareholders
Emergency equipment and
• obsolete and defective • Government procedures are also in place to
computers and accessories neutralize and contain hazardous
• batteries, materials. Some machines also
• oil with water and dirty oil, have the capability to recycle
• kitchen grease, hazardous waste, such as the
• contaminated rags or pads, Bottom Ash Recycling Systems of
• ACL paints with lead, the Energy business’ boilers. The
• solvent base pigment, and bottom ash is sieved within the
• spent resins from water system and is then reused as bed
treatment units material for the furnace, or as silica
sand replacement. Used vegetable
oil and dried sludge from SMFB’s
operations are also recycled.
SMC engages with several of the
country’s top waste treatment
facilities, and has tapped their
services for the transport, treatment,
and disposal of hazardous wastes.
32
 The Company also negotiates with
its suppliers regarding the collection
of broken light bulbs, old car and
generator batteries, printer toners,
and other wastes that need special
handling. Aside from these
practices, the business units have
also set initiatives to reduce
hazardous wastes. Among these
are Petron’s Terminal Eco watch
Program, which focuses on aligning
terminal facilities and staff to a
Toxic and Hazardous Waste
Management system, and the Balik
Baterya Program implemented
across different SMC businesses,
which involves the collection and
selling of used lead acid batteries to
recyclers to generate funds for
Corporate Social Responsibility
(CSR) Projects.

What are the Risk/s Which stakeholders Management approach

identified? are affected?
All these materials pose • Customers The organization has a rigorous
serious risks that may • Communities vetting process for selecting third
compromise the health and party service providers for the
safety of employees working • Employees transport and disposal of its
in the facilities if not properly • Shareholders hazardous waste. Due diligence
stored, treated, and and regular performance
transported. Soil, surface • Government
evaluation are done to ensure
water, and groundwater that all hazardous wastes are
pollution due to ineffective disposed of in accordance to
containment, storage, and/or regulations.
disposal of hazardous wastes
negatively impact public health
and the environment. In
addition, improper solid and
hazardous waste
management could have
regulatory ramifications.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
The wastes of one plant can • Customers SMC continuously improves its
be used as raw materials of • Communities waste management systems. The
another. Some facilities Company is looking into possible
already have the capability to • Employees
synergies between its various
use tires, used oil, plastics, • Shareholders facilities for the exchange and
and other high energy waste reuse/recycling of hazardous
materials as feedstock for their • Government
wastes.
production process.

33
Effluents

Disclosure 2020 Quantity 2019 Quantity Units

Total volume of water discharges 2,245,586,132 2,508,594,375 m3

Percent of wastewater recycled 3.85 3.53 %

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?

The Company recognizes that • Customers SMC ensures that its facilities have
processes may have an • Communities efficient wastewater treatment
impact on water bodies systems manned by technical
surrounding various locations, • Employees
experts who monitor and regulate
which may possibly contribute • Shareholders effluents, and that these systems
to water pollution, especially if are at par with industry standards
discharges do not meet DENR • Government
and meet and go beyond standards
effluent standards. Sewage set by the Clean Water Act. This
discharges or liquid wastes involves monitoring the properties
may contain harmful
and quality of effluents as well as
chemicals detrimental to
monitoring marine life to fully
nearby water systems if they
fail to undergo careful understand its impact. Because of
treatment and management. SMCGP’s Environmental Monitoring
Plan, a significant growth of
mollusks was discovered in the
immediate vicinity of one of its
facilities. This has become a source
of livelihood for its host community.

What are the risk/s Which stakeholders Management approach

identified? are affected?
In 2016, a new effluent Business units, including the SMC
standard (DAO 2016-08) was • Customers head office, have invested
imposed by DENR which now significantly to upgrade sewage
includes the nutrient • Communities treatment and industrial wastewater
parameters ammonia nitrogen, • Employees treatment facilities. Many are
nitrate nitrogen, and nearing completion before the five-
phosphate--most of which the • Shareholders year grace period of the regulation
Company’s wastewater • Government expires.
treatment facilities were not
designed to address. The new
regulation also removed the
exemption of those
discharging 30 cum. or less
from complying with the
effluent standard. Retrofit and
upgrade of treatment facilities
were initiated but their
performance has yet to be
34
 verified pending completion of
commissioning.
Meanwhile, smaller plants
previously equipped only with
septic tanks, have come up
with and used cost-effective
treatment measures to meet
effluent standards.

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
Upgrading and retrofitting • Customers SMC’s Water for All project aims to,
treatment facilities can be • Communities among others, increase reuse and
costly. These costs can be recycling of water and reduce the
minimized through wastewater • Employees volume of discharge, thus lessening
reuse and recycling. Utilizing • Shareholders the hydraulic load of wastewater
these measures will help treatment facilities. Any needed
reduce the need to upgrade • Government retrofit or upgrade will be relatively
facilities and will support the smaller and cheaper.
Company’s program to sustain
Another strategy employed by the
water resources.
Company is to review the use of
materials that contribute to nutrient
parameters in the wastewater and
to find alternatives to these.

Environmental compliance
Non-compliance with Environmental Laws and Regulations

Disclosure 2020 Quantity 2019 Quantity Units

Total amount of monetary fines for
non-compliance with 1,305,000.00 45,000.00 PhP
environmental laws and/or
regulations
No. of non-monetary sanctions 5 3 #
for non-compliance with
environmental laws and/or
regulations
No. of cases resolved through dispute 2 0 #
resolution mechanism

Certification Number of applicable operational sites

SMFB SMYPC Petron SMCGP SMHC

ISO 50001:2011 Energy

Management System All 2

35
ISO 90001:2015 Quality Management 6 2

ISO 14001:2015 Environmental 1 2 29 3

Management System1
ISO 55001: 2014 Asset Management 2
System
(2) IMS Certifications for EnMS All

OHSAS 18001 Occupational Health

and Safety All All All All All

What is the impact and Which stakeholders Management approach

where does it occur? What is are affected?
the organization’s
involvement in the impact?

Ensuring that the Company’s • Customers In order to maintain a high level of

facilities are compliant with all • Communities compliance with environmental laws
pertinent environmental laws and regulations, SMC ingrains a
and regulations helps protect • Employees strong culture of compliance among
the environment and natural • Shareholders employees, ensuring that all
resources, as well as the requirements, permits, and
continuity of business • Government approvals, are secured in a timely
operations. manner.
To help achieve full regulatory
compliance, SMC’s team of highly-
qualified Pollution Control Officers
are compliant with the requisite
PCO training. PCOs monitor their
facilities’ compliance with the
following laws and regulations:

• RA 8749 – Clean Water Act

• RA 9275 – Clean Air Act
• RA 9003 – Solid Waste
Management Act
• RA 6969 – Hazardous Wastes
Management Act
• RA 7586 – NIPAS Act
• Nuclear Waste Control Act of
1990
• Ecological Solid Waste Act of
2000

SMC’s environmental compliance is

not limited to the above laws. Full
compliance to all of the relevant
laws of the Philippine Government
is ensured and applied to Company
operations.

What are the risk/s Which stakeholders Management Approach

36
identified? are affected?

The ability to operate can be • Customers Each of the Company’s business

revoked in the event that the • Communities units has developed a Business
SMC Group is not able to Continuity Program in the event of
renew necessary licenses, • Employees stoppage in any of its critical
permits, and other • Shareholders operations.
authorizations, as necessary.
This applies to daily • Government Top management mandates regular
technical audits of operating units
operations, plant
including critical tolled operations,
maintenance, production of
by the Corporate Technical Audit
materials, and corporate head
group through Multifunctional Audit
offices. Apart from the cost of
covering Environment, Safety,
penalties, there may be
Electrical, and Mechanical aspects
significant losses if operations
of operations.
are disrupted for a day or
more. Any form of non- To further support Petron’s
compliance can also expose compliance culture, its management
the Company to both safety implements its Terminal Eco watch
and reputational risks. Program, a program for terminals
which assesses the following critical
environmental concerns:

• Wastewater Quality Management

• Air Quality Management
• Toxic and Hazardous Waste
Management
• Environmental Impact
Assessment
Environmental Management
Systems

What are the Which stakeholders Management approach

opportunity/ies identified? are affected?
A flaw in EMB’s compliance • Customers To ensure regulatory audit findings
audit is delayed notification in • Communities are valid and results are
case of violation, even as the immediately known, operating units
daily penalty is reckoned on • Employees are directed to have analysis of
the day of the sampling. • Shareholders duplicate samples by third party
DENR-accredited laboratories.
• Government

37
 SOCIAL

Employee Management
Employee hiring and benefits
Employee data

Disclosure 2020 Quantity 2019 Quantity Units

Total number of employees 45,522 44,079
a. Number of female employees 13,641 13,224 #
b. Number of male employees 31,881 30,855 #
Attrition rate 11.10% rate
Ratio of lowest paid employee against 0 ratio
minimum wage

% of Employees Who Availed for the Year

List of Benefits Y/N Female Male
2020 2019 2020 2019
SSS Y 23.7% 21.8% 22.0% 20.7%
PhilHealth Y 2.1% 4.4% 1.9% 3.9%
Pag-Ibig Y 15.9% 16.4% 18.8% 18.7%
Parental Leaves Y 0.1% 0.0% 1.9% 1.7%
Vacation Leaves Y 50.9% 49.0% 37.9% 36.7%
Sick Leaves Y 31.1% 34.5% 22.7% 23.4%
Medical Benefits (aside from
Y 57.6% 85.5% 48.5% 65.1%
PhilHealth)
Housing Assistance (aside
Y 4.0% 3.9% 2.2% 2.4%
from Pag-ibig)
Retirement Fund (aside from
Y 1.5% 2.7% 1.6% 2.6%
SSS)
Further education support Y 0.1% 0.1% 0.0% 0.1%
Company Stock Options N
Telecommuting N
Flexible-working Hours* N
Others
Life Insurance Y 0.0% 0.0% 0.2% 0.1%
Accident Insurance Y 0.0% 0.0% 0.0% 0.0%
Emergency Leaves Y 18.1% 20.4% 19.7% 17.8%
Rice Subsidy Y 42.7% 42.5% 35.9% 35.6%
Clothing (in kind or cash) Y 45.1% 54.8% 44.9% 54.4%
Burial Assistance Y 0.7% 0.6% 0.6% 0.4%

*Flexible working hours have been implemented since the pandemic last year, in compliance with government
regulations/directives. However, work arrangements are set and agreed upon by individual teams and are fluid. No
group-wide system is in place to monitor remote work arrangements.

38
What is the impact and where does it Management approach
occur? What is the organization’s
involvement in the impact?

Compensation and benefits Given the size and nationwide scale of

As one of the Philippines’ largest SMC’s operations, the SMC Corporate
conglomerates, SMC pays its employees Human Resources (CHR) department
competitively—with base pay, healthcare ensures all HR matters are sufficiently
benefits and potential bonuses comprising its addressed through a centralized system,
overall compensation package. where CHR institutes policies and assigns
each business its own HR head and
Talent retention
personnel.
The Company, which has businesses in
A centralized HR Leaders council is also
various industries, is also rapidly expanding.
established to ensure continuous alignment
The acquisition and retention of talent is key
to its success. Ensuring that it attracts new on key programs. CHR regularly engages the
talent with the necessary skill sets, as well as HR departments of each business unit for
retaining those already employed in the consultations and coordination. This ensures
Company who are steeped in its processes effective implementation of policies,
and systems and whose loyalty and service streamlining of processing and delegation of
are a major advantage, is a continuing talent, and the proper screening of
challenge. candidates to meet SMC standards.
Managing growth of employee population As the Company has been diversifying and
expanding, key management personnel of
With the Company’s expansion, the
employee corps also increases, giving rise to acquired businesses are retained to maintain
other issues that affect the internal dynamics expertise.
of employees. Implementation of programs
and strengthening corporate culture become
more challenging.
Potential disruptions due to loss of key
personnel
The potential risk of losing key personnel is
also a constant concern as it can cause
significant disruption of operations.

What are the risk/s identified? Management approach

• Loss of employees due to In addition to statutory benefits such as

underperformance of either the leaves and medical and dental benefits, SMC
employee or the company provides miscellaneous benefits such as
• Loss of employees due to loans and financial assistance, which can be
dissatisfaction with compensation availed of for a variety of reasons. The
package Company also provides retirement benefits
• Employees may choose to leave and survivor security and death benefits.
their jobs if they are reassigned to SMC actively supports employees’ growth
areas other than their original and development through further education.
residence Outstanding employees are given
• Employees may think benefits are opportunities to advance in their career. The
39
 insufficient HR department has a structured plan
• Employee is not a fit for the job. according to a Leadership Development
Framework that covers honing the skills of
• Resignation of trained and tenured the employee from leading others to leading
key personnel
the whole enterprise. This includes learning
• Failure to replace in a timely manner sessions that focus on planning, leading,
key personnel who have resigned organizing, and controlling strategies from
the perspective of the managerial entry level,
until the executive level.
The Company also cultivates a strong
company culture that emphasizes its core
value of malasakit, or going out of one’s way
to help others out of empathy. Its company
culture is one of the reasons SMC continues
to be one of the country’s most admired
employers.

What are the opportunity/ies identified? Management approach

The Company will find opportunities to People are vital to SMC’s leadership in
improve engagement of employees through different industries. The Company will
the analysis of attrition rates and employee continuously strive to improve employee
feedback. engagement and satisfaction to lower
Putting in place a system to measure the employee turnover, and make sure that
effectivity of employee engagement programs employees are well-compensated and well-
is key to gaining insights as to which trained. SMC will continue to look for ways to
employee programs should be continued, improve the wellbeing and development of its
discontinued, or improved. employees.

Employee Training and Development

Disclosure 2020 Quantity 2019 Quantity Units

Total training hours provided to 299,837 515,766 Hours
employees*

a. Female employees 81,266 140,158 Hours

b. Male employees 194,670 376,265 Hours

Average training hours provided to 7 12 Hours

employees
a. Female employees 6 11 hours/employee
b. Male employees 6 12 hours/employee

*Total training hours decreased in 2020 because of the disruption brought about by the global COVID-19
pandemic.

40
What is the impact and where does it Management Approach
occur? What is the organization’s
involvement in the impact?

A significant part of SMC’s success depends SMC’s main employee learning and
on the high level of skills and technical know- development thrust is geared towards
how of its people. SMC ensures all ensuring organizational effectiveness in the
employees receive proper training and following areas: Executive Development,
opportunities for continuing education. through a program with the Asian Institute of
Management (AIM), and Management
Specific to 2020, the COVID-19 pandemic
Development and staff development
necessitated new work-from-home (WFH)
programs, in partnership with the Ateneo
arrangements which brought with it
Graduate School of Business.
challenges to conducting training programs.
Training sessions usually conducted at The intention is to achieve a robust talent
external venues and learning institutions pipeline and succession program for the
were momentarily stopped, and all training entire organization. For Learning and
was done online in light of new work-from- Development efforts to be effective, the
home arrangements. Company ensures that it is guided by
individual development plans that are aligned
Challenges identified by the business units
with key strategic directions and overall
included lack of tools, laptops (most
business objectives or goals. Training is
employees use desktop computers at
conducted with a holistic approach.
offices), access to stable internet and office
intranet, and changes in work arrangements. Apart from competency development, also
The shift in business priorities also targeted are specific behavioral
contributed to a decline in training improvements. SMC’s Leadership and
opportunities in 2020. Management Competency model addresses
three main areas:
1. Knowledge management
2. Understanding people and organization
3. Work planning and management capability
SMC ensures that all employees receive
training to align their knowledge and skills
with their designated teams before they
formally begin working.
Required training for head office staff and site
staff are closely monitored by their respective
department leads and the HR department.
Facilities-based employees are trained in
Plant Safety Measures and Emergency
Protocols, Equipment Handling, and
Workplace Waste Reduction, among others.
Various learning sessions and seminars are
also available throughout the year. The
Company makes sure that employees
participate in internal channels for growth and
knowledge sharing through internal
newsletters and email communications
facilitated by the HR department.

41
 In 2020, due to the challenges brought about
by the pandemic, the shift to digital learning
was accelerated.
Most of the businesses were able to
transition to working from home. This
accelerated the shift to online learning,
moving traditional face-to-face programs to
synchronous sessions to ensure essential
training was delivered to employees through
videoconferencing platforms. Training and
learning engagements also came in the form
of enterprise-wide town hall meetings,
compliance training programs, workplace and
well-being webinars, and work-effectiveness
and productivity sessions. Core leadership
programs were transitioned and delivered
online.

What are the Risk/s Identified? Management Approach

Despite the availability of training programs The Company equips its employees with the
across the Company, there remain inherent necessary competencies to do their jobs well,
risks in several areas. Employees are also given avenues for career
progression.
● Employees’ non-participation to undergo The Company provides an education
training program for qualified employees who seek to
● Lack of training retention expand their skills and expertise. Career
● Insufficient training in unforeseen discussions are conducted to motivate
learning tracks may slow employee employees to excel through further
development, in turn the workforce may education.
not be competent enough to meet SMC encourages on-the-job training or
changing standards cross-posting for interested employees to
● Insufficient training in the handling of have a grasp of the different functions within
materials and equipment may lead to their line of business and gain further
decreased productivity and safety technical, functional, or leadership skills.
hazards
● Poorly-structured training might have SMC also hosts workshop sessions that
little to no impact on employee growth. promote and hone their employees’
● Insufficient infrastructure to conduct intrapersonal and interpersonal skills to boost
online and digital training throughout the their productivity and individual growth.
entire SMC Group may result in gaps in The Company also promotes more digitally-
employee learning, development, and enabled e-learning experiences, to increase
engagement. collaboration, engagement, mentorship, and
inter-business partnerships.
With the shift to online training, the Company
has also utilized in-house sessions where
experienced employees and managers serve
as trainers and become learnings champions
themselves, encouraging transfer of
knowledge.
Promoting digital learning resulted in
increased participation from employees in
various locations, even from international

42
 operations, as no travel cost were necessary
and certificate courses were made available.

What are the opportunity/ies identified? Management approach

Given the many learning programs for SMC SMC will continue to implement education
employees and ongoing partnerships with and training programs, and will further
leading educational institutions, upcoming accelerate and expand the use of digital
projects can include a professional learning platforms. It will further democratize
certification program. These can be learning by creating agile teams to take on
integrated to complement or supplement specific projects that are deemed urgent and
existing programs so employees can work vital to the recovery of the business.
towards completion of certifications that are
The Company will tap educational institutions
recognized by their respective industries.
as well as leadership programs to prioritize
This becomes even more relevant given that and focus on the enhancement of
the global pandemic has resulted in more competencies that provide more sustainable
digital course offerings from learning outcomes.
institutions worldwide. With this, there is an
It will leverage on technology to drive
opportunity to develop a program that will
learning and productivity, reallocating current
allow senior officers and managers to gain
resources to focus on infrastructure
world-class instruction on various courses
investment, including improving access to
without having to travel abroad.
reliable broadband and investing on digital
Virtual training programs implemented in assets to drive digital learning.
2020 have also brought to fore other
challenges that the Company may address.
This includes mitigating the impacts of
greater exposure to the “virtual workplace”,
which may affect employee well-being,
engagement, and productivity due to lack of
deeper socio-emotional connections and in-
person interactions.
Development of “soft-skills” to enable
managers and leaders to better engage and
influence employees to drive performance via
online interactions, is also an area of
opportunity.
There is also the opportunity to build up IT
support systems to better enable digital
learning and transformation and promote
upskilling and employee collaboration.

Labor-Management Relations

Disclosure 2020 Quantity 2019 Quantity Units

% of employees covered by 34 34 %
Collective Bargaining
Agreements*
Number of consultations
conducted with employees 1,957 #
concerning employee-
43
related policies

What is the impact and where does it Management approach

occur? What is the organization’s
involvement in the impact?

Peaceful coexistence between management The Company, through its CHR-Labor

and labor is a deliberate, conscious, and Relations department, continuously creates
continuous undertaking that SMC gives its full and implements programs that ensure labor
attention to. As of December 31, 2020, unions and its members are engaged and
approximately 13% of the Company’s feel they belong to, and are part of, the San
employees were parties to collective Miguel family.
bargaining agreements and 34 labor unions
were active in the SMC Group. Maintaining Should there be grievances towards
good labor-management relations induces a management, employees have the right to
healthy and productive workplace. Employee raise them.
feedback and the expression of grievances The Company also has a Whistleblower
are crucial to achieving an inclusive and
Policy. Employees found guilty of an offense
harmonious working environment.
shall undergo a thorough investigation
process that follows the Company rules and
regulations, implemented in accordance with
Labor laws. SMC ensures that human rights
are protected through internal policies
aligned with labor and other relevant laws.
As stated in SMC’s Code of Business
Conduct and Ethics, policies to protect the
employees are “guided by the principles of
Industrial Peace, Respect for Rights, Right to
Discipline, and Goodwill and Faith.”

What are the risk/s identified? Management approach

Failure to address grievances risks the The SMC Group maintains a good
performance and reputation of the Company, relationship with labor, and keeps an open
should the labor union feel the need to line of communication with employees.
execute actions beyond proper dialogue. Above all, the Company respects the rights of
its employees and allows for freedom of
Continuous expansion of businesses and
association and collective bargaining. The
operations is a risk, as new supervisors, who
Company also reserves the right to conduct
previously came from third-party suppliers,
investigations and pursue disciplinary actions
lack sufficient training in handling labor
should there be any violations of its rules and
concerns.
regulations. Conflict resolution involving
employees are referred to Corporate Human
Resources for mediation and evaluation. All
employees are provided with an Employee
Handbook and Code of Ethics manual which
contain the policies and guidelines for the
duties and responsibilities of every employee
of SMC.
The Company provides orientation and
training for new supervisors coming into the

44
 Company, in the form of consultative
seminars with the Department of Labor and
Employment (DOLE).

What are the opportunity/ies identified? Management approach

In light of the ongoing expansion of many of The SMC Group will continue to foster a
the Company’s businesses, it can further strong culture of compliance to labor laws
ensure a harmonious relationship with and engage with collective bargaining
employees and labor by ensuring new representatives to hear any grievances and
supervisors have continuous training in act on these grievances accordingly.
handling labor issues.
It will continue to implement formal and
In this time of pandemic, the HR Labor informal training sessions and coaching of
Relations unit will also increase opportunities new supervisors to help ensure they can
for employee consultations to foster more effectively handle labor issues.
continuous, open lines of communication.
A system of monitoring formal and informal
employee consultations will be put in place.

Diversity and Equal Opportunity

Disclosure 2020 Quantity 2019 Quantity Units

% of female workers in the 31 % 31 %
workforce
% of male workers in the workforce 69 % 69 %

What is the impact and where does it Management approach

occur? What is the organization’s
involvement in the impact?

SMC employee candidates are given equal

SMC is an equal opportunity employer that
opportunity regardless of ethnicity, gender,
hires based on the personal skills,
religion, political ideologies, or sexual
orientation, age, physical abilities or socio- knowledge, and capabilities of each
economic status. candidate.

Depending on the business unit, task,

department, or area of business, SMC sees
the strategic benefits and many positives of
having a broad range of types of employees.

What are the risk/s identified? Management approach

SMC may face reputational risks as a top Apart from being an equal opportunity
employer if it is accused of employment employer, SMC is also an inclusive employer.
discrimination due to gender bias and The Company gives opportunities to
stereotyping. individuals especially those belonging to its
fence-line communities, regardless of their
Perceived or actual favoritism in hiring and
social status.
accompanying reputational risks may also
45
decrease the chance of the Company As stated in Section 9: Recruitment and
attracting and acquiring the right talent. Hiring of SMC’s Corporate Human
Resources manual: “All applicants are
This would also induce a biased working
considered regardless of gender, civil status,
atmosphere and corporate culture that stifles
religion or physical ability, provided that the
new ideas and points of view.
minimum education requirement and
competencies required by the position are
fulfilled.”
The HR department also ensures that
recruiters abide by the standards of conduct
during the hiring process:

● Respect for people: recognize each

other as individuals and commit to
nurturing each other’s individual
capabilities.
● Integrity: conduct business in a manner
which is ethical, fair and right, and in all
reasonable circumstances, above
reproach.
● Manpower selection and placement
policy: selection process is based on
merits and aptitudes
● Diversity and gender equality
● Adhere to Republic Act 6725 which
protects against the discrimination of
women with respect to the terms and
conditions of their employment.
● Observe the Anti-Discrimination Act of
2017, which protects employees from
discrimination in all operations of
business units.
● Do not consider age, gender, religious,
ethnic affiliations as bases for
prospective employment.
● Maintain zero cases of discrimination,
by ensuring open-door culture and open
dialogue activities such as one-on-one
employee-management meetings, team
building, coffee table discussions,
monthly communication, regular toolbox
sessions.
● Make sure the business is free from risk
of child labor, forced and compulsory
labor, and violation of people’s freedom
of association.

What are the opportunity/ies identified? Management approach

SMC shall continue to expand the reach of SMC will make sure to uphold gender
job postings and enhance the hiring process diversity throughout the Company, and
to enable more candidates to apply for open recruit and reward employees based on
positions. The Company shall also keep merit. While the Company has no formal
abreast of pertinent labor laws and hiring policy on minority groups, we actively
46
 opportunities to assist the government and/or support the programs of our different
the local community in upholding diversity subsidiaries for their communities, especially
and equal opportunity in the workplace. sectors that are at a disadvantage.
For instance, Petron’s refinery in Bataan
gives members of Aeta communities the
opportunity to be employed at Petron through
an apprenticeship program. A number of
members of these communities have
successfully finished the training program
and have become gainfully employed. This
has inspired other members of the
indigenous group to apply for similar
apprenticeships.

Workplace Conditions, Labor Standards, and Human Rights

Occupational Health and Safety

Disclosure 2020 Quantity 2019 Quantity Units

Safe Man-Hours 93,039,639 52,468,884 Man-hours

No. of work-related injuries 574 746 #

No. of work-related fatalities 5 3 #

No. of work-related ill-health 1,172 1,506 #

No. of safety drills 303 134 #

What is the impact and where does it Management approach

occur? What is the organization’s
involvement in the impact?

With over 100 facilities nationwide, SMC institutes clear measures for
occupational health and safety is a major occupational safety and health. Proper
concern for SMC and all its subsidiaries. management of occupational hazards is key
to enabling employees to perform to their full
Issues concerning safety and health at
potential.
facilities are critical to smooth and optimum
operations across SMC’s businesses. The Company maintains a high standard of
Conversely, if not properly managed, these safety and encourages its employees to
issues may lead to disruptions in operations foster a culture of safety in their workplaces.
and pose a risk to the Company’s reputation. It always aims to exceed standards
prescribed by local regulatory bodies such as
The ongoing global pandemic also presents
the Occupational Safety and Health
multiple challenges to ensuring safety and
47
health across all of SMC’s businesses, Administration (OSHA) and the Department
facilities, and supply chains. If not properly of Labor and Employment (DOLE). A task
addressed, these can lead not just to force is assigned to address immediate
business disruptions but also the spread of concerns that affect the health and safety of
the virus. employees should emergencies such as
disease outbreaks arise.
The Company especially values employee
safety particularly in this time of pandemic. It
has invested significantly to ensure that any
chance of a possible spread of the virus at
workplaces is minimized and mitigated. SMC
put up its own COVID-19 PCR testing
laboratory to regularly test, for free, some
70,000 employees and third party providers,
to help ensure safety at workplaces. It also
installed hand-washing stations, temperature
checking equipment, and contact-tracing
applications at its buildings and facilities. It
provides both plant-based and office-based
employees all necessary safety equipment,
and strictly implements workplace safety and
health protocols as well as work-from-home
schemes, among others.
The Company also invested significantly to
implement a government order to transition
all tollways to cashless toll collection, to help
minimize the spread of the virus between
motorists and tollways workers.

What are the risk/s identified? Management approach

SMC has identified various hazards and risks For high-risk operations in the food and
to maintain good working conditions that may beverage, packaging, fuel and oil, energy
hamper the productivity of its businesses and and infrastructure businesses, the SMC
its people. Group ensures that workplace conditions are
conducive to productivity, safety, efficiency,
Employees, especially those working in
and excellence. SMC’s facilities have
manufacturing facilities, are exposed to
attained the following relevant certifications:
industrial risks and hazards that may cause
injury or even death. Common risks in
manufacturing facilities include: • Integrated Management Systems (IMS)
• Occupational Health/Safety
• Physical hazards due to moving Management Systems (OHSAS
parts, uneven and slippery surfaces, 18001:2007)
and broken tools and equipment. • Quality Management System (ISO
• Cuts and wounds due to sharp 9001)
objects, pinch points, and other • Environmental Management Systems
equipment/materials (ISO14001)
• Electrical hazards due to powerlines,
exposed electrical components, In addition, SMC’s facilities undergo yearly
weather and environmental safety audits to monitor its workplace
conditions, and corroded conditions, safety performance, and other
components. key metrics. Findings from these audits are
used to improve existing procedures and
• Respiratory health hazards due to controls to further boost SMC’s productivity
air pollution and dangerous without sacrificing the safety of employees.
chemicals.
48
• Idiopathic environmental Daily toolbox meetings covering hazards and
hypersensitivity due to exposure to safety measures are done at the beginning of
electric and magnetic fields. each work day. Plants and sites are also
equipped with disaster preparedness kits,
• Site staff and visitors are also at along with employees with the proper training
higher risk if there is lack of to execute emergency safety protocols.
appropriate safety training and Visitors to any of the facilities are also
protocols. required to undergo safety briefings before
• All these hazards would also entering the site.
increase Lost Time Injury (LTI) rate, SMC provide its workers the appropriate
leading to lower productivity and personal protective equipment (PPE) specific
output levels. to their tasks. Each facility has its own stock
• Violations may disrupt operations of PPEs readily available for employees and
and adversely affect operations and guests. Furthermore, machines are equipped
business performance. Other than with emergency shutdown switches and
the fines and legal ramifications to protocols.
the Company, violation of labor laws
SMC facilities conduct regular disaster and
and human rights negatively impact
emergency drills. These are done in
overall employee well-being.
coordination with the local fire department,
police department, and Red Cross/Crescent.
Regular training prepares employees to act
promptly and appropriately to any emergency
that may occur in its facilities. Workers
should at least have Basic Occupational
Health and Safety Training (BOHS). Strict
implementation of rules regarding the use of
PPE is implemented at worksites. SMC’s
head office and its facilities have a fully-
equipped infirmary and ambulance should
any emergency occur.
SMC facilities are certified with OHSAS
18001:2007 Occupational Safety and Health
management. All areas of operations and
employees are covered by the Occupational
Health and Safety Plan, which includes:

• Establishment of Environment, Health,

and Safety Committee in plants;
• Conduct of safety orientation,
Leadership Safety Walks, peer-to-peer
work activity observations, safety
inspections, and meetings;
• Reporting of near-misses and workplace
fields;
• Identification of possible OHS hazards,
assessment of risks and control
measures;
• Provision of comprehensive OHS
trainings to employees prior to
deployment to power plants, customized
based on function (i.e. protocols on
permits to work in confined spaces of
entry, work at heights, and hot work
safety) with periodic refresher courses
during their stay; and
49
 • Establishment of Incident Management
Procedure for the investigation of work-
related incidents and illnesses and the
conduct of root cause analysis.

What are the opportunity/ies identified? Management approach

SMC puts its people above every concern— The Company will continue to prioritize
their safety and well-being is the priority. adherence to the highest safety standards
SMC’s HR department and the respective HR and work to maintain its safety certifications.
departments of business units are It will continue to implement existing safety
continuously developing initiatives to make programs across the group and continuously
sure employees receive sufficient training improve these, and strengthen the culture of
and the appropriate team-building activities to safety across all facilities and businesses.
constantly ensure a safe and healthy The Company has committed to assume the
workplace. cost for vaccination of over 70,000
With the ongoing pandemic, the Company employees and third-party providers, and has
can implement additional safety measures, indicated it may also help consolidate access
particularly, vaccinating, free of charge, to vaccines for employees’ families.
employees and third-party providers against
the COVID-19 virus.

Labor Law and Human Rights

Disclosure 2020 Quantity 2019 Quantity Units

No. of legal actions or employee 0 0 #
grievances involving forced or child
labor
Do you have policies that explicitly disallows violations of labor laws and human rights (e.g.
harassment, bullying) in the workplace?

Topic Y/N If Yes, cite reference in the company policy

Forced labor Y SMC complies with all existing laws which

include labor and employment laws.

Section 9.5 of SMC’s CHR policy manual: “The

Child labor Y minimum age requirement for applicants is 18
years old...With the exception of minimum age
requirement, San Miguel adheres to a non-
discriminatory policy on applicant qualifications”

Human Rights Y Policy on Health, Safety and Welfare of

Employees as summarized in the Company’s
website: “As stated in the Company’s Employee
Manual, in acknowledgement of the varying
needs inherent in every individual, the
Corporation endeavors to provide an
environment where the holistic wellness of
employees is nurtured and protected. The
Corporation also strives to protect its employees
50
 from harassment of any form. The Corporation
actively implements mechanisms for dealing
with such occurrences and ensures that it will
act justly, swiftly and decisively in addressing
such complaints.”

What is the impact and where does it Management approach

occur? What is the organization’s
involvement in the impact?

Clear measures for compliance to labor SMC mandates compliance to all existing
standards and respect for human rights labor and employment laws, and also has
constitute good working conditions and clear policies against child labor.
enable employees to perform to their full
Section 9.5 of its CHR policy manual sets the
potential.
minimum age requirement for employment at
Abiding by Labor Law and Human Rights SMC and any of its businesses to 18 years
ensures a safe working space for employees. old. The Company likewise espouses
Violations may disrupt operations and adherence to human rights and continuously
adversely affect business performance. Other works to ensure a safe working space for
than the fines and legal ramifications to the employees.
Company, violations to labor laws and human
The Company also mandates in its supply
rights negatively impact overall employee
contracts that all external suppliers must
well-being.
comply with labor laws, including anti-forced
While compliance to Labor Laws is a given at child labor policies. The Company ensures to
San Miguel, the Company has gone well the best of its ability that its partners are of
beyond ensuring employees are treated good standing, and are not violators of laws.
fairly. In 2020, it hired as regular employees, It is clearly stated in supply contracts that
former third-party workers employed under contractors will not be compensated if they
contract by third-party service providers. violate labor laws and/or do not submit
As of end-2020, SMC has hired 16,374 of requirements related to compliance to labor
these workers, who, for most of their working and other laws.
lives, were only temporarily under contract.
This is in line with the Company’s expansion
plans as well as its goal of providing
sustainable employment for more Filipinos to
improve their lives.
SMC worked with third-party contractors, as
their service contracts lapsed, to help the
workers transition to regular employment with
San Miguel. SMC provided funding for the
third-party contractors to ensure workers
would receive their separation benefits and
entitlements.
No labor complaints were filed as a result of
their separation with their former employers,
and their transition to regular employment in
San Miguel.

51
 What are the risk/s identified? Management approach

Partners and suppliers that are not vigilant in All suppliers are required to submit a
implementing measures to adhere to the compliance certification to ensure they
Company’s policies on labor and human comply with all regulations. This includes
rights pose a risk to operations and strict compliance to labor laws and anti-child
productivity. labor policies.
Non-compliance of third-party suppliers to Suppliers are also required to pay all their
Company policies and national laws also taxes as part of the process before they are
exposes the Company to potential fines paid. The Company requires all billings of
and/or litigation and may affect public third-party service providers to pass through
perception of the Company and its products.
Human Resources to ensure labor
Non-compliance to labor laws and human compliance prior to processing of fees.
rights can also result to dissatisfaction and
unrest among employees and workers, which
can impact business operations and the
Company’s reputation.

What are the opportunity/ies identified? Management approach

With regards to the new Operations and The Company will uphold a culture of
Management (O&M) employees, the next compliance to all Labor Laws and enforce
goal is to professionalize them and improve policies related to adherence to Labor and
their integration into the SMC Group. Human Rights.
Many of these employees have been working More than that, the Company will continue to
on a temporary basis for third-party champion workers’ welfare, and one of the
contractors for the past 10-15 years. They most effective ways to do this is to continue
were treated as “commodities” and as such, its program of hiring third-party workers to
had never known job security. SMC’s goal is
become regular SMC employees.
to teach them to be members of a
professional organization and integrate them Programs to orient new employees on their
into the San Miguel system. rights and provide them their entitlements will
continue, together with initiatives that will
improve their integration into the SMC Group.

Supply Chain Management

While the SMC group has a group-wide supplier accreditation policy and observes a
common procedure to implement such policy, it will not be disclosed as it is considered
a trade secret, proprietary to the Group and thus highly confidential. The supplier
accreditation policy demands that a potential supplier meets certain qualification
criteria and abides by statutory requirements as well as standards set by the
concerned company within the SMC group. Each supplier contract contains an
undertaking to adhere to applicable laws, which include but are not limited to laws
relating to forced labor, child labor, human rights, bribery, and corruption.

52
 Do you consider the following sustainability topics when accrediting suppliers?

Topic Y/N If Yes, cite reference in the company policy

Environmental Y “We shall comply with all applicable

performance environmental regulations. All required
environmental permits, licenses, authorizations,
registrations and clearances must be obtained
and their operational and reporting requirements
followed.”

Forced labor Y “We shall not use forced or involuntary labor.”

Child labor Y “We shall not use child labor. Employment of

young workers shall only occur in accordance
with the law.”

Human rights Y “We shall provide a workplace free of

harassment, discrimination, harsh and inhumane
treatment.”

Bribery and corruption Y “Any form of corruption, extortion and

embezzlement shall be prohibited. We shall not
offer, pay nor accept bribes or participate in other
illegal inducements in business or government
relationships. We shall work against corruption in
all its forms.”

What is the impact and where does it Management Approach

occur? What is the organization’s
involvement in the impact?

SMC Group’s manufacturing and logistics SMC is unique since it operates in an

operations are outsourced to legitimate and ecosystem that includes a diverse group of
independent third-party contractors. In doing supply chain stakeholders, from large foreign
so, SMC distributes economic value to its and local contractors to Philippine society’s
suppliers while also enhancing their ability to most basic units, the household and the
generate economic value to themselves and barangay. While the potential for inclusive
create employment for others. development is great, the challenge for
alignment is enormous. SMC also seeks to
leverage on the Company’s size and scale to
extend the sustainability agenda throughout
53
 our sphere of influence.

What are the risk/s identified? Management approach

Risk in the supply chain could involve Other than legality and capacity, CPG also
awarding contracts to suppliers that do not considers the following criteria when
meet SMC’s standards and are not compliant accepting suppliers:
to environmental standards and labor laws.
Suppliers who are engaged in wastewater
Violation of these laws by suppliers would
treatment and environmental-related service
negatively impact the Company’s brand and
are required to provide DENR Certification to
reputation. Moreover, these would cause
ensure that they are compliant with the Clean
project delays and would also result in higher
Air Act of 1999 and its Implementing Rules
construction or production costs. Expiring
and Regulations.
legal documents and hidden grievances that
were missed during the accreditation process Suppliers are required to provide trade
may pose additional reputational risks to the references with contact information in order
Company, as well as possible disruption to for the Supplier Management Team to
operations. The negligence of suppliers and crosscheck their performance and services.
other contractors in environmental, labor, The CPG also follows good governance
human rights and corruption parameters stand practices such as:
to adversely affect SMC’s reputation and
performance. Supporting the protection of human rights
and making sure that people’s rights are not
abused with the help of SMC HR's policies
and guidelines, which CPG adheres to.
Working to eliminate forced labor, child labor,
and discrimination in the workplace.
Preventing corruption in all forms such as
fraud, bribery, and extortion. As part of the
corporate supplier management policy, the
suppliers are asked to accept the policy on
integrity and honesty in all of its dealings with
SMC, specifically the procurement group.
As discussed in SMC’s policies, suppliers
must follow laws that protect their workers
and abide by Philippine laws. These specific
compliance requirements are stated in each
of their contracts. This standard set of
requirements and/or contract clauses is to be
followed by all subsidiaries.

What are the opportunity/ies identified? Management Approach

SMC continually faces the challenge of being The supplier management policy is a work in
in a resource-intensive industry that is both a progress as the Company just launched the
contributor to, and a recipient of, the effects of automated registration and accreditation
climate change. Thus, we adopt strategies to system and is coping with moving all
improve our environmental performance to be suppliers into the system. A child labor policy
at par or better than other players in the will be incorporated into the statement policy
energy industry. which suppliers are asked to accept as part
of the registration process.
Recognizing that our environmental footprint
extends to our supply chain, we also extend
training on environmental programs to
54
 suppliers, contractors, and service providers.
SMC has been partnering with farmers and
backyard livestock operators to transfer
technology and help raise rural incomes. The
Company’s work in this area continues to
evolve, and SMFB’s Food Division has
deployed supplier engagement teams to
provide training and further develop skills
around building sustainable and resilient
supply chains.
We adopt best practices and harness
compliance tools and systems to ensure
superior performance amid a complex business
environment. Documentation, automation, and
standardization of quality processes, behaviors,
and systems ensure quality results while still
acknowledging the uniqueness that differentiate
SMC’s performance, products and services
from our competitors.

Relationship with Community

Significant impacts on local communities

Operations Location Vulnerable Does the Community Mitigating or

with significant groups, if particular right and enhancement
impacts on applicable* operation concerns of measures
local have communities
communities impacts on
indigenous
people
(Y/N)?

Installation of Nationwide Not No Health and Ease supply

equipment to applicable safety against shortage and
allow production COVID-19 stabilize prices
of disinfectant virus
alcohol in GSMI
facilities

Distileria Bago, Bacolod, Not No The program Job creation

Inc. of GSMI Negros applicable is geared and various
Occidental towards corporate
contributing social
to address responsibility
the programs.
unemployment
concerns of
people
residing in
Bacolod,
Negros
Occidental.
55
Strict set of Region I Not No known Usual Site
requirements (Pangasina applicable negative concerns qualification,
for the n, impact of the as part of the
screening of Ilocos), to communities guidelines,
potential hog Region II indigenous when it comes includes that
and poultry (Isabela), people to livestock the site be
contract Region III and within the
breeders by (Zambales, poultry farming agricultural
SMF Bataan, such as odors zone of the
Tarlac, coming from community
Nueva the operations. and be 1
Ecija, kilometer
Pampanga) away from the
, nearest
Region IV residential
(Batangas, areas and
Quezon, farms.
Cavite), Moreover,
Region V proper farm
(Camarines management
Sur, Albay), and
and Region maintenance
VI of the
(Iloilo) facilities are
included in
the
requirements
set by SMF
to the hog and
poultry
contract
breeders.
These could
all potentially
address the
odor
concern.

The sustainable Assemblers Not No known The program is The program

sourcing across the applicable negative geared has opened
program of Philippines impact towards livelihood
SMF’s were to contributing to opportunities
agri-based raw engaged; indigenous address the which are
materials (i.e. operational people. livelihood especially
cassava) sites are insecurities of impactful on
also underprivilege the poor
present in 8 d provinces of
of the agricultural the country.
20 poorest workers in the The
provinces: Philippines. production of
Eastern This program the cassava
Samar, also aims to has also
Leyte, secure the secured an
Negros supply chain of alternative
56
 Oriental, the business. feed
Zamboanga ingredient
del Norte, for SMF’s
Lanao del business,
Sur, while also
Bukidnon, supporting
North and boosting
Cotabato, the income of
and local
Sarangani suppliers.

SMB’s Carmen Carmen, Not No known The program The

Mangrove Cebu applicable negative aims to help mangroves
Development impact propagate have
Program with to mangroves contributed to
Fishermen’s indigenous along the sustainability
Associations people coastlines of of breeding
Carmen, Cebu areas for fish
for fish habitat and shellfish.
Fish catch has
steadily
improved
throughout the
years of
engagement in
Carmen’s
mangrove
areas.

*Vulnerable sector includes children and youth, elderly, persons with disabilities, vulnerable women, refugees,
migrants, internally
displaced persons, people living with HIV and other diseases, solo parents, and the poor or the base of the pyramid
(BOP; Class D and E).

For operations that are affecting IPs, indicate the total number of Free and Prior Informed
Consent (FPIC) undergoing consultations and Certification Preconditions (CPs) secured and
still operational and provide a copy or link to the certificates if available: N/A

Certificates 2020 Quantity 2019 Quantity Units

1 1 #
FPIC process is still
undergoing*
N/A N/A #
CP secured

What is the impact and where does it Management Approach

occur? What is the organization’s
involvement in the impact?

SMC’s operations span the entire Philippine • Expansion programs generate

archipelago. Its products can be found in economic activities and jobs creation.
every barangay, in every store, and in every • Preference for qualified local residents
mall. Its manufacturing plants, power plants, for job vacancies
fuel terminals and fuel service stations are
57
strategically located all over the country. • Engagement of local contractors for
maintenance, expansion projects and
environmental programs
• Contractors buying materials and
supplies locally
What are the risk/s identified? Management approach

Given SMC’s presence across the country, Before construction begins on any project. an
complaints against its operations are almost extensive study is conducted in the form of
inevitable. SMC recognizes its impact on an Environment Impact Assessment (EIA), to
communities. Construction of new operational determine the viability of the project’s
sites may pose health and safety hazards location. This study takes years to complete,
and degrade natural resources originally therefore exhausting all potential negative
serving the community. In rare but inevitable effects the projects may have, and providing
cases, possible displacement of informal the Company the opportunity to formulate the
communities in prospective areas may also needed mitigating measures to address
be necessary. these effects. Once a site is selected, the
business unit coordinates with the local
government unit for a stakeholder
engagement session. This session is used to
inform the local community about the project
and provide an open forum for them to state
their concerns. SMC tries its best to resolve
all concerns the local residents may have
regarding the project.
Once the project is completed, a Grievance
Redress Mechanism (GRM) is established,
empowering communities to voice any future
concerns. SMC’s subsidiaries provide a
hotline number or email address as a
communication channel for the GRM.
Stakeholders are also informed that they can
contact the SMC parent company in the
event that the subsidiary does not address
their concerns.
Through the San Miguel Foundation, SMC
engages local communities and seeks to
develop mutually beneficial relationships with
them. Partnerships can include hiring
opportunities for those who live near the
project sites and providing support for local
projects.
SMC will work closely with the National
Institute for Indigenous Peoples in the event
that a project will affect the livelihood and
culture of indigenous peoples,

What are the opportunity/ies identified? Management Approach

There is an opportunity to engage SMC continues to develop programs that can

communities in other community building foster a harmonious working relationship with
programs with the support of the San Miguel community organizations and LGUs, in order
Foundation. to arrive at mutually beneficial agreements

58
 and outcomes.

Customer Management
Customer satisfaction is a material topic to SMC. Several engagement strategies, such as
focus group discussions and surveys, are undertaken by different business units and brands
to cater to customer preferences. However, due to data sensitivity, the company has opted
not to show specific numbers but will instead disclose management approaches in this
section.

What is the impact and where does it Management Approach

occur? What is the organization’s
involvement in the impact?

SMC’s Food and Beverage subsidiary,

As SMC strives to be the customers’ top-of-
SMFB, recognizes that its products are part
mind choice, one of its guiding principles is
of the daily lives of consumers, providing
Customer Focus. For SMFB in particular, the
sustenance and enjoyment to families
customer is its reason for existence.
through trusted food brands and both
alcoholic and non-alcoholic beverages. Its
A dedicated team listens to customers
array of 32 brands across six categories
feedback to understand and anticipate their
serves, and is patronized by, a full spectrum
needs, so the company can work on providing
of the population. Based on a survey
them products and services that exceed their
conducted by a third party between 2015 and
expectations.
2018, SMFB’s products are present in 92% of
Filipino homes.
SMFB believes that, given its history in the
The quantity and timeliness of deliveries of industry and leading market share in several
distributors can affect customer satisfaction. product categories, it is constantly attuned to
For the Fuel and Oil business, strategic market trends.
location of its service stations and fuel prices
and supply are the aspects that determine These trends are used as basis for new
patronage of its customers. Low customer products and marketing and distribution
satisfaction leads to decreased sales, thereby programs, among others. The Group
impacting business performance and implements various initiatives to communicate
financial position. with its markets such as focus group
discussions and workshops.
Customer satisfaction for the Power,
Infrastructure, and Packaging businesses,
meanwhile, is determined by quality of
agreed output, regulatory compliances, and
good working relationships with customers.
Terminated agreements due to poor
performance or other issues may stain our
reputation and hinder accumulation of new
clients. Low customer satisfaction usually
signals inefficient service, posing a risk to the
Company’s revenues and reputation.

What are the Risk/s Identified? Management Approach

SMC manages a highly diversified portfolio of SMC ensures that all products and services
products and services. The Company are of good quality and pass high standards
develops products not only for consumers but of screening before they reach customers.
also for other businesses, as well as for
Our Food and Beverage products cater to,
59
government. and are attuned to, the evolving lifestyles and
needs of consumers. Numerous products
While strict product safety policies are
across our Beer and Food businesses
implemented, there is no direct assurance
address increasing health consciousness
that products will be free of defects or
among customers.
subjected to tampering, at both the
manufacturing and distribution stages. There Our Packaging products comply with the
is also no guarantee that services will always highest standards and government
be free of risks from natural hazards and requirements (eg. FSSC 22000, QA ISO
human error. These risks can have an impact 900). Products are processed to comply with
on the customers and the Company. intensive QA tests and earn Certificates of
Inspection to assure customers of high
quality.
The Energy business ensures proper
maintenance of power plants and assigns a
task force to implement safety measures.
Our Fuel and Oil business is commitment to
supplying goods and services at the highest
standards of quality.
Our Infrastructure business ensures that its
projects are constructed with materials of the
highest quality; designed to be resilient to
natural disaster, and employ highly-qualified
engineers and architects
The SMC Group also engages its customers
to better understand their needs or
grievances. These engagements enable the
Company to identify areas for improvement.
SMC strives to build lasting relationships with
their partners. Channels for dialogue are
always open should complaints or
misunderstandings occur. The Company
implements a centralized and dedicated
customer service unit that can be reached via
its website, email, its Malasakit hotline, and
social media pages. Complaints and
concerns are strategically addressed through
this institutionalized system.

What are the opportunity/ies identified? Management approach

With social media so prevalent and widely To better reach customers who utilize online
used by more consumers, there are more shopping for their needs, San Miguel Foods
opportunities to increase customer launched new online ordering platform,
engagement through social media platforms themall.sanmiguel.com.ph. The Company
as well as through regular interviews, and also made use of other e-commerce sites
focus group discussions. such as Lazada, Zalora, Grab Mart, Shopee
and Panda Mart, to sell its products. As a
result, average sales volumes of SMFB’s
food products in these channels grew
significantly compared to pre-COVID-19
levels. The increased use of e-commerce
platforms improved product availability and
provided consumers easy access to our
products during the lockdown.

60
Health and Safety
Health and Safety is deemed by the SMC Group to be a material topic. While consolidated
data is not yet available, systems are being put in place for data gathering in subsequent
reporting cycles. Management approach of the potential impacts and risks is provided in the
following section.

What is the impact and where does it Management Approach

occur? What is the organization’s
involvement in the impact?

SMC commits to ensure the safety of its SMC seeks every opportunity to make
products and workplaces, by instituting and safety a way of life throughout the
adhering to the strictest standards across all organization.
its operations. This commitment is deeply
ingrained in our business practices. To ensure quality and food safety, SMFB
At SMFB, there is a zero-tolerance policy follows various international standards in
regarding food safety violations and the materials safety testing and Quality
company has built a workplace culture that Management Systems such as:
places responsibility for food and beverage
safety on the shoulders of every employee. • ISO 22000 (Food Safety Management
The company strives to protect employees, Systems),
contractors, and the immediate community • ISO 9001:2015 (Good Feed Milling
in all areas of operations. Practices),
• ISO/IEC 17025:2005 (Laboratory
Accreditation Program),
• Good Manufacturing Practices, and
• Hazard Analysis and Critical Control Points.

The Group’s plant facilities also undergo

regular compliance audits. All products pass
several quality and safety tests and analyses
before these are distributed. Employees also
undergo training on quality assurance,
proficiency testing, and food safety and
handling.

What are the risk/s identified? Management approach

While product safety policies are strictly The SMC Group continues to implement
implemented, there is always a risk that programs to engage customers and
products may be tampered with on their address any safety issues brought up by
way from the manufacturing plant to its consumers. Channels for dialogue are
consumers. Risks from natural hazards always open should complaints or
and human error that may ultimately affect misunderstandings occur. The Company
customer health and safety, are ever- implements a centralized and dedicated
present. Such risks can have an impact customer service unit that can be reached
on customers and the Company’s via its website, email, its Malasakit hotline,
reputation. and social media pages. Complaints and
61
 concerns are strategically addressed
In 2020, the COVID-19 pandemic further through this system.
increased the risks to health that could To address specific risks posed by the
arise from the production and delivery of Covid-19 pandemic, the Company has put
products to retail outlets. in place multiple safety and preventive
measures aligned with national health
mandates to limit the spread of the virus
and combat the pandemic. Risk
assessments were carried out to ensure
business continuity. Adjustments were
made to our operations, including the
implementation of remote working
arrangements, safe social distancing and
respiratory hygiene protocols, and frequent
disinfection of facilities.
Related training on pandemic safety as well
as regular information dissemination
sessions, are conducted. Medical
assistance for employees covers both
physical and mental health support.
At the same time, SMC facilitates regular
RT-PCR testing for its employees and third-
party service providers based in NCR.
Other initiatives included:
• Providing employees with protective
equipment (face masks and shields and
alcohol)
• Installing thermal scanners, hand wash
stations, floor markings, and social
distancing guides at SMC offices
• Providing shuttle service to employees
• Establishing a special Covid-19 Special
Allowance for employees reporting to
the office during the ECQ
HR account representatives were likewise
assigned to different SMC subsidiaries to
better assist employees on concerns and
requirements related to Covid-19.

In early 2021, SMC established its Ligtas

Lahat Covid-19 vaccination taskforce and
committed to provide free vaccines to its
over 70,000 employees and third-party
providers.

What are the opportunity/ies identified? Management approach

With the continued expansion of the SMC will continue to review and update its
company’s product portfolio to include new customer service programs and adjust
lines such as ready-to-eat food products, a where needed, in order to continuously
seafood line, and a plant-based line, there
improve how we manage customer
may be a need to expand customer
feedback, particularly on product safety,
satisfaction programs. This may include
further utilization of online and social platforms given the expansion of our product

62
 to address customer complaints, as well as portfolio.
training of personnel to familiarize themselves
with the new products and how to address
customer issues related to these new
products.

Marketing and Labelling

Marketing and labelling is deemed by the SMC Group to be a material topic. While
consolidated data is not yet available, systems are being put in place for data gathering in
subsequent reporting cycles. Management approach of the potential impacts and risks is
provided in the following section.

What is the impact and where does it Management approach

occur? What is the organization’s
involvement in the impact?

The SMC Group uses a combination of Most packaging needs are sourced
traditional and non-traditional directly from the Company’s packaging
communication channels for sales, business. This allows SMC to closely
marketing, and distribution of their monitor and ensure that products are
consumer goods. properly labelled.
Because of the nature of some of our
products, adherence to correct labelling
protocols is inseparable from product
responsibility. This responsibility begins
from the time each product rolls out of our
facilities until it reaches our customers.

What are the risk/s identified? Management approach

The alignment of packaging and marketing SMC’s business units have skilled marketing
efforts are of utmost importance as and sales teams that handle customer
mismanagement of these may confuse relations. Task forces are trained to receive
customers. Miscommunicating product customer complaints and direct them to the
ingredients may lead to dissatisfaction and right personnel to resolve issues, complaints,
may have regulatory repercussions. or grievances. All product labels and
collateral undergo thorough screening with
SMC is also dependent on trademarks and
pertinent departments to ensure compliance
proprietary rights to ensure production
to standards set by the Department of Trade
distributions are not compromised. With the
and Industry (DTI), Food and Drug Authority
Company’s highly diversified portfolio,
(FDA), and other regulatory offices.
presence and significant market share in
different industries, third parties may attempt For its alcoholic beverages, the SMC Group
to sell counterfeit versions of its products or promotes responsible drinking among its
confusingly similar items. Consumers may consumers. In every commercial,
mistake these products as real SMC advertisement, and promotional material, the
products, resulting in reputational and sales statement, “Drink Responsibly” is always
risks over time. included.
The Company may also encounter customer
feedback that may tarnish its brand and
reputation. Inaccurate reports about the
health effects of dietary trends and beverage
63
 consumption, for example, may also affect
purchasing patterns. If the marketing
strategies of the Company are not
successful, timely, or responsive to changes
in consumer preferences, the business and
prospects of the Company could be
materially and adversely affected.

What are the opportunity/ies identified? Management approach

Empowering customer choice: By letting our SMC will continue to ensure that its marketing
customers know what quality standards we collaterals will reflect the products and
follow, we empower them to make better- services in an authentic manner that uphold
informed decisions on what product to buy. consumer interests. The Company will also
continue to work with industry, regulators, and
other stakeholders to provide more information
SMC, likewise, continues to identify and
and educate its consumers, particularly for its
develop new approaches and techniques to
further expand customer communication. alcoholic beverages. The Company promotes
responsible drinking, especially in the
marketing of its products.

Customer privacy

Disclosure 2020 Quantity 2019 Quantity Units

0 0 #
No. of substantiated complaints on
customer privacy*
0 0 #
No. of complaints addressed
No. of customers, users and account 0 0 #
holders whose information is used for
secondary purposes

What is the impact and where does it Management Approach

occur? What is the organization’s
involvement in the impact?

The actions taken by SMC, its employees, SMC is committed to keeping customer
and partners can impact the lives of many information private and to use them only in
Filipinos. Stakeholder engagement activities accordance with the reasons they were
occur in virtually every aspect of the provided. This is explicitly stated in the
Company’s operations and business Privacy Statement published in our
transactions. corporate website www.sanmiguel.com.ph,
which users are required to review and
agree to, prior to accessing
As such, we keep an open line of
communication with our customers and
stakeholders through various platforms. In
the process of addressing customer
concerns and providing timely feedback, we
may require specific personal information
that we deem vital to delivering solutions or

64
 answers customers require. Our Customer
Relations Group, along with our Corporate
Affairs Office, lead the company’s efforts to
receive, manage, and resolve customer
concerns.

What are the Risk/s Identified? Management Approach

● Any breach in the handling of Customer data provided to SMC through
customer data could expose their any medium, in connection with customer
confidential information, resulting comments, suggestions, and complaints,
to damaged relationships with is considered and treated as Personal
them. Data. Said data is only used by the
● The Company may be subjected to Company to further inquire about, and
legal action if customer data address the customer’s concern, provide
privacy is breached due to updates, as well as seek additional
security lapses or inefficiency in feedback. Personal data is retained in the
handling customer data. SMC database for a maximum period of
five years.

What are the Opportunity/ies Identified? Management Approach

SMC will constantly evaluate its policies to
ensure that it continues to secure customer
SMC can continue improving its Data
information and that its policies are updated
Privacy policy to adapt to the latest
developments in digital, online, and social and compliant with current laws and
media platforms and customers’ increasing regulations. It will also continue to monitor
utilization of electronic communications to developments and trends in digital platforms
directly engage with or interact with their particularly how customers use these to
preferred brands. engage with brands, to study how these may
be safely adopted for possible use.

Data Security
Disclosure 2020 Quantity 2019 Quantity Units
No. of data breaches, including leaks, thefts 0 0 #
and losses of data

What is the impact and where does it Management Approach

occur? What is the organization’s
involvement in the impact?

The Company owns, uses, or is in Data of business units and their clients
possession of information assets (such as are safeguarded by SMC's group-wide
financial information, intellectual property, data management system through its
customer, supplier, and employee details), Corporate Information Technology
that can be in electronic systems, business Management (CITM) group. The
applications, networks, and information Company has set internal standards
processing facilities. that protect personal data collected
from customers and these are made
known to them through SMC’s Privacy
65
As information is one of the most critical Statement.
assets of SMC, maintaining data security
provides protection for this asset. Customer data provided to SMC
Maintaining the confidentiality, integrity and through any medium, in connection
availability of information enables the with customer comments, suggestions,
company to continuously operate and and complaints, is considered and
provide services to our clients. treated as Personal Data. Said data is
only used by the Company to further
inquire about, and address the
Employees and officers, depending on the customer’s concern, provide updates,
nature of their function, also have access to as well as seek additional feedback.
various information assets of the Company. Personal data is retained in the SMC
database for a maximum period of five
years.

Technical, organizational, and physical

measures are put in place to protect
the confidentiality, integrity, and
availability of Personal Data from
destruction, unauthorized access,
alteration, disclosure, fraudulent
misuse, and/or any other unlawful
processing, as well as other natural
and human dangers.

In addition to SMC’s compliance with

the Data Privacy Act, SMC requires its
employees to undergo data privacy
training. SMC’s established Data
Privacy and Security Office launched a
primer and FAQ booklet to increase the
awareness of and ensure proper
implementation of the Data Privacy Act.

Newsletters promoting methods for

protecting company and personal data
are also disseminated.

What are the Risk/s Identified? Management Approach

● Data obtained from customers are SMC’s networks are secured with
considered inputs for overall state-of-the-art firewalls and security
system analysis of the Company. systems. There are also strict policies
Any breach in data could expose with regards to data sharing within and
confidential information and outside the organization. Transfers of
business plans, resulting in important and sensitive data between
penalties and damaged client departments require the approval of the
relations. managing authority. Also, all
● Inefficient data security will lead to engagements with third-parties require
data breaches and could expose that a Non-Disclosure Agreement be
sensitive information such as signed.
client lists and product
formulations. SMC also has engineering controls in
66
 place to secure its systems. Employees
are issued laptops which have pre-
installed anti-virus software, and these
are constantly updated. Central
Processing Units (CPUs) in employees’
workstations have their USB ports
disabled, preventing the unnecessary
copying of documents. For those
employees working remotely,
necessary software was secured for
them to access files remotely. The use
of this software and data transfers are
constantly monitored to ensure the
security of data and the integrity of
SMC’s systems.

What are the Opportunity/ies Identified? Management Approach

SMC can continue to evaluate and pursue The Company shall continuously improve
options for cloud storage for data, including existing data security systems in place
keeping information secure and backed up through proper dissemination of guidelines
off-site, and the use of new software tools to and technical upgrades.
improve information security.

67
 UN SUSTAINABLE DEVELOPMENT GOALS

Product or Service Contribution to UNSDGs

Key products and services and its contribution to sustainable development.

Key Products and Societal Value / Potential Negative Management

Services Contribution to UN Impact of Approach to Negative
SDGs Contribution Impact
Goal 1: No Poverty

San Miguel San Miguel-Gayeta Beneficiaries may SMC has entered into a
Corporation Village: Housing and choose to not partnership with
Livelihood program pursue new government’s Technical
for fisherfolk in livelihood Education and Skills
Sariaya, Quezon opportunities or Administration (TESDA)
become which has designed
complacent and courses specifically for
A 5.4-hectare overly dependent beneficiaries, on
development that on the Company’s Organic Farming and
provides 450 free, largesse. Edible Landscaping,
titled housing units for Other fisherfolk who Fish and Meat
fisherfolk families are not Processing. Financial
formerly residing in beneficiaries may literacy training was
high-risk coastal feel left out and also conducted to help
areas. Apart from disregarded, and prepare graduates to
providing them titled this may impact handle small
properties with houses harmony in the businesses, and
made of disaster- community. prepare residents for
resilient materials, the opening of the SMC
SMC has also built market which the
facilities that will boost Company built for them.
their livelihood. These To help ensure all local
include a fishermen’s fishermen will realize
dock with a economic benefits,
fishermen’s hall for SMC allotted a
use as rest area and separate 3.5-hectare
storage for boats and property for a Sariaya
other equipment; a Fishermen’s dock, open
fishermen’s market, to all fishermen. This
livelihood training area can secure more
center, multi-purpose than 100 boats,
hall with recreational particularly during
facilities, and a day typhoon season. SMC
care center and e- also built on the
library. property the Sariaya
Fishermen’s Hall, which
serves as a rest area
for fishermen and
storage for some 70
boat engines and other
fishing implements and
supplies.
68
This program also Recently, SMC also
supports donated to both
Sustainable residents and non-
Development Goals residents of the San
(SGDs): Miguel-Gayeta village,
SDG 11: Sustainable some 36 fishing boats,
Cities and to increase their
Communities chances of pursuing
their livelihood.
Beneficiaries previously
did not own boats and
would rely on other
fishermen who owned
boats, to be able to
work.
SMC also built adjacent
to the village the SMC
Market, a dedicated
marketplace where
residents can sell their
fresh catch, processed
seafood, and other
products.
Meanwhile, within the
5.4-hectare village,
SMC has set aside a
1,000- square meter
plot of land dedicated
for those pursuing
organic farming.
Other facilities the
company built to help
ensure a stable and
secure environment for
families are a multi-
purpose covered
basketball court,
livelihood training
facility, a day care
center, and e-library.

69
SMC Housing and Beneficiaries may SMC continues to
Infrastructure / Livelihood for former choose to not actively engage with,
Manila settlers of Barangay pursue new and monitor the
International Taliptip in Bulakan, livelihood progress of all former
Airport Project Bulacan: opportunities or Taliptip residents. It has
become also implemented many
complacent and of its major skills
Provides for economic dependent on the training and livelihood
and livelihood Company’s programs for them. As
assistance for assistance. of the end of 2020, all
relocatee-families who Other fisherfolk who families who chose to
were former settlers are not buy titled properties and
on properties that beneficiaries may build new, concrete
used to be fishponds, feel marginalized, houses in Barangays
that are now to be and this may impact near Taliptip, have
utilized for the new harmony in the moved in to their new
Manila International community. homes. Many others
Airport project. A total chose to use the
of 277 families, mostly financial assistance
living in makeshift they received to go
houses, were provided home to their own
the means to acquire provinces and build
titled properties and their homes there. SMC
build concrete homes, continues to keep in
on safer ground. contact with, and
The Company also monitor these former
partnered with TESDA residents to help ensure
to design courses that they are able to realize
are in line with their goals.
opportunities available Former Barangay
to beneficiaries. Taliptip residents have
also been receiving
continuous livelihood
This program also training opportunities,
supports as well as actual job
Sustainable and livelihood
Development Goals opportunities from
(SGDs): SMC. As of end-2020,
SDG 4: Quality the Joint Bulacan and
Education SMC-TESDA training
program has yielded:
SDG 11: Sustainable • 12 graduates of
Cities and Heavy Equipment
Communities Operators (HEO)
Hydraulic
Excavators course.
They have since
been hired by SMC
and have been
deployed to the
Tullahan-Tinajeros
River dredging and

70
 flood mitigation
project.
• 12 graduates of
Shielded Metal Arc
Welding. They are
self-employed but
have been referred
to various SMC
subsidiaries for their
requirements.
• 12 graduates of
Electrical
Installation and
Maintenance, self-
employed and
referred to SMC
subsidiaries for their
requirements.
• 12 graduates of
Commercial
Cooking and
• 11 graduates of
Dressmaking. All
are self-employed
and will be tapped
as support local
businesses for
workers during
construction of the
airport.
More community-based
skills training and
livelihood programs
have been implemented
in 2021, including
SMC’s Community
Reselling project, which
encourages former
Taliptip residents to
form themselves into
cooperatives to become
resellers of SMC’s
products.
SMC has
communicated to
Bulacan local officials
and the public that the
SMC-funded training
programs under TESDA
will be opened to other
interested Bulacan
residents.

71
San Miguel Group Better World Tondo Potential SMC understands that
Learning and overdependence on to address poverty, a
Feeding Center and the community two-pronged approach
Food Bank, Tondo, center, may blunt is required: mitigate
Manila. the members’ ability hunger among
or drive to pursue underprivileged families
gainful livelihood of Better World Tondo,
It is the pilot opportunities; and ensure their
community center of children have access to
SMC’s Better World Donations and
volunteer work at educational support.
Communities initiative.
Opened in September the center may be SMC’s partners Rise
2019 it aims to limited and Against Hunger –
support the poorest seasonal; Philippines and AHA!
districts in Manila by The pandemic has Learning Center help it
addressing food also caused the achieve these goals.
insecurity and temporary closing BWT regularly provides
providing educational of Better World 451 families in Tondo
support for Tondo community grocery supplies and
underprivileged center, specifically, meals. Meanwhile, 173
elementary school its learning center. students are enrolled in
children. Before the free after-school
Better World Tondo pandemic, BWT learning programs.
serves as a foodbank would be open for Through these
and soup kitchen for the community to programs, BWT is able
food-insecure families come in and kids to to address the
of Tondo. Since the play on site during beneficiaries’
pandemic started, opening hours. immediate needs and at
BWT has been To keep our the same time, prepare
sending groceries to employees and and equip children to
451 families, or 1,400 beneficiaries safe in seek a better future.
individuals in Tondo. this time of
pandemic, feeding For the Better World
Every week, an Tondo project, SMC,
average of 5,000 onsite at the center
and in the schools through San Miguel
ready-to-eat takeout Foundation leans
meals are provided to have ceased for
now. heavily on partnerships
the member- with various
beneficiaries of BWT. stakeholders, to ensure
the program is effective
This program also in attaining its goals,
supports and that its operations
Sustainable are sustainable.
Development Goals With the help of Rise
(SGDs): Against Hunger
SDG 2: Zero Hunger Philippines, BWT
provides regular meals
for its students and their
families. BWT receives
surplus food supply
from San Miguel Food
and Beverages Inc.,
and other donors, as
well as from Better
World Diliman, SMC’s
community center that

72
 serves as a ready
market for surplus farm
produce. This ensures
that there will always be
food to share with, and
distribute to
beneficiaries.
Community involvement
is also an important part
of the BWT ecosystem
and in mitigating
overdependence.
Parents of beneficiaries
are engaged to provide
“sweat equity”; they
volunteer on a daily
basis to prepare meals
for their children and
families at the center.
During the pandemic,
volunteers from the
community have helped
mount many feeding
programs initiated by
SMC through BWT, for
other beneficiaries,
such as locally-
stranded individuals.

Goal 2: Zero Hunger

San Miguel Group Better World While excess Rural Rising PH’s and
Diliman, Farmers’ produce is bought Better World Diliman’s
Marketplace for from farmers to support helps ensure
surplus fresh minimize their farmers some measure
produce from all financial exposure, of guaranteed uptake,
over Luzon. spoilage of produce particularly as
if these are not quarantine restrictions
efficiently limit the transport even
Together with partner transported and of essential goods.
Rural Rising stored will lead to SMC provides Rural
Philippines, SMC financial losses. Rising PH with a rent-
assists farmers This may impact free base of operations
through its Better Rural Rising PH’s and a ready
World Diliman center, ability to procure marketplace, converting
73
 which serves as a more produce from an unused property in
ready market for farmers. Diliman for this specific
excess produce purpose.
bought from farmers SMC has also donated
at better-than-farm a delivery vehicle for
gate prices and sold to the effort, and provided
consumers and chillers and industrial
resellers for low refrigerators.
prices. It benefits The project helps
some 4,500 farmers ensure that farmers
from Nueva Ecija, directly benefit from
Benguet, and Quezon their produce without
province. Apart from middlemen cutting into
ensuring farmers their profits. It also
themselves will not go helps reduce food
hungry due to financial wastage. The project
losses, the program also aims to boost
also ensures that end- farmer’s capacity
users of surplus through agriculture and
produce—usually entrepreneurship
consumers or training programs
recipients for food
donations—have
access to nutritious,
locally-grown produce.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 1: No Poverty
SDG 8: Decent Work
and Economic
Production2
SDG 10: Reduced
Inequalities

San Miguel Foods Handog Kalusugan: Most pregnant Thoughtful and clear
Happy si Mommy, women living in communication of to
Malusog si Baby, a poverty have little encourage the women
First 1,000 Days or no access to to complete the three-
Project pregnancy health year program.
education and Through San Miguel
prenatal services, Foods and the San
The first 1,000 days of so they may have a Miguel Foundation, the
life—between a negative perception women received proper
woman’s pregnancy of program. consultation during
and her child’s second Due to poverty, pregnancy and free
birthday—is a unique there may also be ultrasounds, which
period of opportunity hesitation to made a huge impact on
when the foundations continue the would-be mothers
for optimum health program for fear of coming from indigent
and development the inability to families. It was
74
across the infant’s afford prenatal care meaningful for them to
lifespan are services such as know the condition of
established. The right ultrasound and the babies while inside
nutrition and care nutrition post- the womb, encouraging
during this 1,000-day delivery. them to continue with
window influences not the program and learn
only whether the child more about proper
will survive, but also nutrition.
his or her ability to
grow, learn, thrive and
rise out of poverty. As
such, proper infant
care during the first
1,000 days contributes
to society’s overall
stability and
prosperity.
This health and
nutrition intervention
program supports
government initiatives
to address wasting
and stunting of Filipino
children.
In 2019, 500 pregnant
women from select
barangays in Cebu,
Leyte, Iloilo, Negros
Oriental, Davao,
Misamis Oriental,
Bataan, and Bukidnon
were identified for the
program. SMC,
through the San
Miguel Foundation,
gave them learning
sessions on
pregnancy health,
prenatal consultation,
and provided free
ultrasounds. They
were also given an
early literacy program,
San Miguel food
products, and Adarna
books.
During the second
phase of the program
in 2020, San Miguel
Foods provided them
“Mingo” meals, an
instant complimentary
food made of rice,
mung beans (mongo)
and moringa
(malunggay, which
75
 contain nutrients for
optimal growth and
development of
babies.
This project was
implemented in the
following barangays:
Looc, Cebu
Canduman, Cebu
Macabug, Leyte
Maliao, Iloilo
San Jose, Negros
Oriental
Sirawan, Davao;
Gracia, Misamis
Oriental
Orion, Bataan,
San Vicente, Sumilao,
Bukidnon

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 3: Good Health
and Well Being

The gradual easing SMC continues to host

SMC and Petron “Kadiwa” of quarantine Kadiwa stores at key
Corporation marketplaces at restrictions means Petron stations close to
Petron Gas Stations consumers have urban communities, as
regained access to part of its efforts to
traditional markets support rural farmers
To answer the call of and retail outlets, and provide consumers
the Department of which may with a more varied
Agriculture (DA) to minimize the need selection of food
help farmers facing for Kadiwa stores. choices during the
significant financial Lower prices may pandemic.
losses due to also affect and As the pandemic
quarantine restrictions undercut market continues due to the
in 2020, SMC agreed sellers of fresh limited rollout of
to support its “Kadiwa produce. vaccination program,
Ni Ani at Kita” restrictions remain on
program to allow many parts of Metro
farmers’ excess Manila and neighboring
produce to be sold at provinces. Thus,
temporary “Kadiwa ni helping maintain these
Ani at Kita” store Kadiwa stores helps
outlets it put up at ensure access to food
strategically-located supplies.
Petron gas stations. Fresh produce sold at
Apart from helping Kadiwa stores are
farmers, it was also a priced lower than
means to provide market prices,
76
 consumers easier, therefore, consumers
safer access to looking for store quality
affordable, healthy produce may still
food products at the choose to obtain these
height of quarantine from regular sellers.
restrictions, when
access to food from
traditional markets
and retail outlets was
severely limited.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 8: Decent Work
and Economic Growth
SDG 10: Reduced
Inequalities

SMC’s capacity
San Miguel Foods San Miguel Foods Insufficient local expansion program is
Capacity Expansion output; part of a long-term
Program underutilization of program to ramp up
facilities. local production of food
and sourcing of local
As of end-December raw materials.
2020, SMC had In 2020, it implemented
completed and a plan to source more
operationalized eight local corn from farmer
new food cooperatives to secure
manufacturing raw material supply
facilities as part of its throughout the
capacity expansion pandemic. The
program. Company has
The investments form committed to continue
part of a plan to to integrate smallholder
encourage greater farmers into its value
domestic production of chain. The Company
inputs, in order to help has engaged farmer
boost the agriculture cooperatives and
sector and minimize entered into supply
the country’s contracts with them to
dependence on help increase their
imported food product incomes.
raw materials. This will result to
increased food security
This program also and production of San
supports Miguel Foods’ wide
Sustainable selection of fresh and
Development Goals value-added, affordable
(SGDs): food products.
SDG 9: Industry

77
 innovation and
infrastructure

San Miguel Group SMG Nationwide While the food While the pandemic
Pandemic Food donation program is food donation program
Donation Program the largest ever was done in immediate
made by the response to a severe
Company, it is lack of access to food
The largest, temporary in during a critical period,
nationwide food nature, and cannot SMC continues to
donation drive in the be sustained at the pursue and invest in
Company’s history, same levels long-term solutions to
initiated at the start of throughout the food security. This
the pandemic, and pandemic includes continuing or
sustained through the expanding programs
current year. aimed at encouraging
Anticipating very early higher domestic
on that the strict production of raw
lockdowns would materials, engaging
affect a large segment directly with farmer
of the population in cooperatives to ensure
Metro Manila and in more economic benefits
other major cities and for them, and
provinces, that relied increasing its
on daily-paid work, production capacities
SMC mounted a and expanding the
nationwide effort to market for local food
give away its own food products.
products to mitigate
hunger, particularly in
underprivileged
communities.
Partnering with local
government units,
non-profit
organizations, and
charitable institutions
in order to reach as
many communities
nationwide, SMC
distributed canned
food products, fresh
and processed meats
and poultry products,
biscuits, nutri-bun
breads, dairy products
such as milk, cheese,
spreads, coffee, and
flour, to help boost
food supplies
throughout the
country.
Flour was distributed
to LGUs and local
bakers for them to
make into free or low-
priced bread for the
78
 poorest communities.
The company also
developed its own
nutri-bun, a nutrient-
packed, energy dense
bread and distributed
these to the poorest
communities.
The Company,
through its Better
World Tondo feeding
center and food bank,
also provided daily hot
meals to locally-
stranded individuals at
the country’s largest
ports and holding
areas. SMC continues
to deliver free nutri-
buns to a number of
underprivileged
communities, utilizing
its Petron gas stations
as staging areas.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 1: No poverty

San Miguel Group Goal 3: Good Health Despite the arrival To help medical front
and Wellbeing of vaccines, the liners, the public, and
pandemic is raging, government in
with the Philippine mitigating all remaining
Medical donations government having risks and impacts of
and assistance in declared a second COVID-19, the
response to the lockdown. Company is
COVID-19 pandemic COVID-19 cases implementing a
continue to rise to massive nationwide
record levels, and free vaccination
In order to support have overwhelmed program for 70,000
medical front liners the country’s employees and third-
and overburdened healthcare system; party service provides
healthcare system of The spread of in its network. Vaccines
the Philippines, SMC COVID-19 will also will also be made
through San Miguel inevitably impact available to their
Foundation, donated SMC’s operations families and endorsed
medical equipment as employees and individuals at no
including among their families may commercial value.
others, RT-PCR be infected,
testing equipment and resulting to health
test kits, personal concerns,
protective equipment, disruption of
79
 and funded the operations, or
construction of worse, possible
temporary quarantine loss of lives
facilities nationwide.
In addition to this,
Better World Edsa,
San Miguel
Foundation’s RT-PCR
testing laboratory was
opened.
SMC has an ongoing
free toll program for all
healthcare workers
and has waived over
P200M pesos in toll.
170,000 liters of fuel,
amounting to around
P5.8 million, has also
been donated by the
Company to for
government shuttle
services benefiting
medical front liners
and other essential
workers.
In Cebu, 5,000
medical front liners
from 18 different
hospitals were also
provided Cocolife life
insurance for a
coverage of up to P2
million each.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 17: Partnership
for the Goals

Ginebra San Production and

Miguel Donation of
Disinfectant Alcohol

The huge volume of GSMI utilized reusable

GSMI Alcohol alcohol donated containers such as
donation program may result to a carboys and reusable
for hospitals and considerable containers that
other critical number of plastic recipients would set
facilities containers used, aside after use, to be

80
When the pandemic generating solid returned or collected
hit in March 2020, waste and and refilled by GSMI,
there was already a impacting the for the next batch of
shortage of rubbing environment. donations. As such,
alcohol or disinfectant there was no use of
alcohol in the market. small, disposable
Seeing that alcohol containers, plastic
only was a basic wastes were limited,
necessity to the fight and hospitals were
against the spread of incentivized to collect
the COVID-19 virus at and return the
hospitals and other containers with repeat
critical facilities, SMC alcohol donations.
directed GSMI Inc. to All told, SMC donated
reconfigure its 1.15 million liters of
operations fully alcohol to hospitals,
towards the government agencies,
production of 70% and communities.
ethyl alcohol. In doing
so, GSMI became the
first Filipino company
to fully dedicate its
operations to
pandemic response.
New equipment was
acquired to establish
new lines at its
manufacturing plants
nationwide, allowing
SMC to donate
alcohol to healthcare
facilities, local
government units and
government offices,
quarantine
checkpoints, and other
critical installations
nationwide.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 9: Industry,
innovation, and
infrastructure
SDG 17: Partnership
for the goals

81
San Miguel Group Supporting COVID- It is also possible Our frontline medical
19 surveillance / for our Better World staff are provided with
work place safety Edsa test site full PPE coveralls to
through Better World swabbers and protect them from
Edsa: laboratory staff to possible infection. In
contract COVID-19. addition to this, all our
This can hinder the Better World Edsa
Better World EDSA day-to-day capacity employees are
helps address the lack of our testing and swabbed at least twice
of RT-PCR testing processing. a month. They are
available in the provided
Philippines by accommodations
providing employees walking distance from
and their dependents the swab site and the
free or affordable, fast laboratory.
RT-PCR testing. The Our staff also work in
facility has the shifts, limiting their
capacity to process contact with other shift
1,500 tests per day. teams, minimizing
This helps the exposure to each other
government reach a in case of possible
testing capacity of COVID-19 infection.
50,000 per day as well
as ease the strain on
the country’s testing
and processing
facilities.

San Miguel Group San Miguel A potential negative All community clinics
community clinics in impact is under SMC and its
Valenzuela, overreliance of the subsidiaries clinic will
Pampanga, Cebu, community on free continue to provide free
Bacolod, Davao, health services consultation and
Bukidnon, and provided by the treatment to those who
Batangas community clinics. need it.
This may lead to We work closely with
complacency local officials to ensure
San Miguel’s among we deliver sufficient,
community clinics beneficiaries in quality service.
provide free taking charge of Beneficiaries must first
consultation and their own health be referred by their
medicine to indigent and in making barangay and present a
members of host necessary lifestyles referral slip before
communities. The changes; consultation. This
clinics treat diseases ensures that the clinics’
such as Some medicines free services are
cardiovascular needed may not be maximized by, and
diseases, available in the utilized by indigent
hypertension, areas where the members of the
diabetes, tuberculosis. community clinics community and those
All in all, the clinics are located. that really need
serve up to 8,000 assistance.
community members
every year.
82
Petron clinics in There is regular
Manila, Bataan, communication via text
Cavite: and social media with
the nurses of the
community clinics so
Petron manages that the needs of the
Petron clinics in clinics can be easily
Pandacan, Manila; tracked. The nurses are
Limay, Bataan, and encouraged to submit
Rosario, Cavite. their purchase
Since 2010, Petron requisitions early so
clinics have benefited that the clinics remain
over 10,000 patients. well stocked and
These facilities medication that may
provide specialized need to come from
services such as X- Manila can be easily
Ray, Ultrasound, ECG delivered.
and Laboratory
services to residents
of Petron's host
communities, and are
designed to
complement nearby
health centers. They
also provide free
medical consultations
and as available,
basic medicines and
vitamins.

SMB community
clinic in Davao and
Bacolod:
This was established
to complement the
initiatives of the
Department of Health
in the area.
The purpose is to
address the
immediate health
requirements of
SMB’s host
community in Darong,
Sta. Cruz.
In 2020, the
community clinic
assisted 2,442
patients with
hypertension,
diabetes, and other
generic illnesses.

83
 This program also
supports
Sustainable
Development Goals
(SGDs):
SDG 17: Partnership
for the goals

Goal 4: Quality
Education

San Miguel Group Empowering With the pandemic With the support of
students through putting a stop to in- SMC, AHA has
free after-school person classes at continued to deliver
education at Better BWT, instruction lessons over Facebook
World Tondo: has moved to Chat, phone calls, and
online platforms. other platforms
SMC understands that accessible to
education is key to However, online
learning is difficult beneficiaries. In total,
addressing many they are given a budget
issues, including for some students
due to poor internet of P1.5 million annually
hunger and lack of to implement their
opportunity. connection or lack
of prepaid internet programs. With this
SMC, through its San support, AHA is able to
Miguel Foundation, data load for
telecom services. provide their students
has partnered with with P400 worth of
AHA Learning Center, cellular data load per
which helps to month.
improve learning
among its 173 children
beneficiaries from
General Vicente
Elementary School in
Tondo, through after-
school programs.
AHA! Learning Center
was given a
classroom space at
our Better World
Tondo community
center, integrating
both our goal of
supporting food-
insecure families and
capacitating their
children’s though
education. Students
and their families are
also provided
consultation with a
doctor via text and
84
 regular updates
regarding COVID-19.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 1: No poverty
SDG 3: Good health
and well-being
SDG 17: Partnership
for the goals

San Miguel Foods Agri- SEED Sumilao’s To limit the spread of

/ Monterey Farm Entrepreneurship program is usually COVID-19, minimum
with SEED in conducted in health standards are
Sumilao, Bukidnon: person. However, practiced at SEED
the lockdown Sumilao’s facilities.
resulting from the Alcohol is provided for
Through the School COVID-19 the students and
for Experiential pandemic has employees.
Education made conducting Temperature checks
Development (SEED), in-person lessons and the wearing of
scholarships are more difficult. As masks are also
provided to such, SEED required. In response to
underprivileged youth Sumilao has had to the extended lockdown,
in Sumilao. The pivot away from the SEED Sumilao has
TESDA-accredited original program; shortened their two-
learning program that year program into a
provides 22 students Though the
program is three-month intensive
with a holistic course from which
education on completely free for
students, they may students can earn their
agriculture and Organic Agriculture
entrepreneurship be unable to work
and earn sufficient Production certificate.
centered around They can then focus on
character income during the
time they are community-learning.
development. The Some classes that do
goal, eventually, is for studying with SEED
Sumilao. not need hands-on
the students to lessons have also
produce their own continued over Zoom.
products that SMF can
use in their different Students have given
business platforms. feedback that the skills
they’ve learned from
Throughout the SEED have allowed
pandemic, the San them to augment their
Miguel Food Group food supply and income
continued to provide during the pandemic
SEED Sumilao with through backyard
scholarship funding as farming. Continued
well as use of school education, as well as
facilities. the certification
program, further
capacitates students
85
 This program also with entrepreneurial
supports skills to pursue agri-
Sustainable entrepreneurship in
Development Goals order to better provide
(SGDs): for their families.
SDG 1: No poverty
SDG 17: Partnership
for the goals

SMC Agri- Boracay Island and The program continues

Infrastructure / Entrepreneurship the businesses that to capacitate the
San Miguel with MANABU operate on the farmers so that they
Properties, Inc. Farms: island rely heavily can be more self-reliant
on tourism. in the future. The
MANABU Farms program also connects
MANABU Farms, focuses on them with regular fruit
representing the producing organic and vegetable buyers.
municipalities of fruit and
Malay, Nabas, and vegetables, which
Buruanga in the caters to more
province of Aklan, upscale markets
provides 30 small- such as Boracay’s
holder farmers with hotels. The
agriculture and extended lockdown
entrepreneurship due to the COVID-
training and a focus 19 pandemic has
on community affected the tourist
gardening. San Miguel industry. This
Properties, Inc also potentially lessens
provides seedlings, the source of
water access, buyers of the
irrigation technology, MANABU Farmers’
and training for products.
farmers on land
preparation to ensure
the quality and
consistency of
production. This
program empowers
local farmers and
promotes locally
produced products to
be the main source of
vegetable supplies in
Aklan province and
among the Boracay
hotels. Currently, fruits
and vegetables travel
two to three days from
Benguet to the island.
The farmers will also
be integrated into the
supply chain of the
developments of San
Miguel Properties, Inc.
so that they can be

86
 the direct fruit and
vegetable suppliers of
the company’s future
project.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 1: No poverty
SDG 10: Reduced
inequalities
SDG 17: Partnership
for the goals

SMC Global SMC Global Power The COVID-19 SMC Global Power has
Power Holdings Engine Scholarship pandemic has continued to support
Corp. Program limited schools’ the students as they’ve
ability to conduct in- shifted to online
classroom classes.
The Engine
Scholarship Program instruction. Classes Through these
provides financial are now conducted education program,
support to 58 online, however, SMC Global Power
deserving, low-income most public-school aims to empower their
students. The program students do not scholars and improve
includes five months have ready access their employment
of stipend, book to smart devices opportunities.
allowance per and stable internet
semester, board signal needed to
review fee, cost of attend classes
boarding house rental, online.
and the board fee
charged by the
Professional
Regulation
Commission (PRC).
This program benefits
students in Limay,
Malita, and Masinloc.

SMC Global Power

supporting
Indigenous People’s
Education through
the Tulong Dunong
Scholarship
Program:
Deserving IP students
are provided
educational
assistance and are

87
 provided funds for
book fees, uniforms,
and monthly
allowance. A monthly
allowance is also
given to support their
food, transportation,
and school project
fees. This program
benefits 27 students in
Limay and Malita.

Petron Foundation,
Petron Inc supporting The COVID-19 Petron Foundation, Inc
Corporation students in Tacloban pandemic has has continued to
and Capiz: limited schools’ support its students as
abilities to conduct they’ve shifted to online
TULONG ARAL NG in-classroom classes.
PETRON (TAP) is the instruction. Classes
company’s banner are now conducted
CSR program on online, however,
education. Since it most public-school
began in 2002, TAP students do not
has sent more than have ready access
16,000 deserving to smart devices
students to various and stable internet
public schools signal needed to
throughout the attend classes
Philippines from online.
elementary to high
school, and in
colleges and
universities in Metro
Manila. Assistance
comes in the form of
uniforms, shoes,
school supplies, and a
daily meal allowance.
This is complemented
by support programs
such as tutorial
classes and a health
and nutrition program.
Parents also receive
livelihood training,
parent effectiveness
sessions and
guidance on the
formation of parents
associations. PFI
partners with the
Department of Social
Welfare and
Development
(DSWD), Department
of Education (DePED

88
 and Local
Government Units of
our host communities.
TAP currently benefits
students from
Barangay Anibong,
Tacloban City and
Ivisan, Capiz. For
school year 2019-
2020 it benefitted
3,194 students from
elementary to college.

This program also

supports Sustainable
Development Goals
(SGDs):
SDG 1: No poverty
SDG 17: Partnership
for the goals

Goal 5: Gender
Equality

Petron Capacitating women The women may Petron’s facilities

Corporation through livelihood have difficulty purchase the finished
programs: finding buyers for products of women
their products. They groups in their
were also sewing communities, providing
Since 2014, Petron them a more stable
Foundation has school uniforms for
schools in Rosario, source of income.
empowered the Petron Foundation and
parents of their Tulong however, this might
not be a source of the Bataan Refinery’s
Aral Petron (TAP) Community Relations
scholars and the buyers until schools
re-open. group coordinate
women’s groups in
directly with the
Limay, Bataan through
basic skills training. beneficiaries. They are
Beneficiaries are able to receive
provided with feedback on how to
equipment such as improve their
sewing machines and community livelihood
start up materials to programs to benefit
make rags and other more women more
products. The parents effectively.
of TAP scholars are
also taught basic
dressmaking skills.
Women in these
communities often do
not have much
economic power in
their household but
this program helps 30
beneficiaries create
89
 products to
supplement their
family income.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 1: No poverty
SDG 4: Quality
education
SDG 8: Decent work
and economic growth

Goal 6: Clean Water

and Sanitation

SMC Bulacan Bulk Water Potable water from The Bulacan Bulk
Infrastructure Project Bulacan Bulk water Water Project continues
may not reach all to actively engage and
Through the Bulacan residents due to work with Water
Bulk Water Project, infrastructure needs Districts to ensure any
SMC distributes on the part of the issues related to
potable water to 12 water districts such providing water supply
out of 24 Bulacan as upgrading or for consumers, are
province’s Water installation of new addressed. The
Districts at the lowest pipelines. Company continues to
per cubic meter rates provide the lowest
anywhere in the water rates for water
country. The project is districts in the country,
part of SMC’s larger allowing for more room
strategy to provide for necessary
water in Bulacan and investments for the
minimize land growth of their
subsidence, which operations and
contributes to flooding, improvement of their
resulting from service to consumers.
decades of
dependence on
extraction of
groundwater
throughout the
province.

90
 This program also
supports
Sustainable
Development Goals
(SGDs):
SDG 9: Industry,
innovation, and
infrastructure
SDG 12: Responsible
consumption and
production

San Miguel WATER FOR ALL With the SMC’s various

Corporation / San Company’s businesses continue to
Miguel Group continued implement Water for All
SMC’s pioneering expansion to meet programs according to
group-wide higher consumer a set schedule,
sustainability initiative, demand for food including making capital
“Water for All”, on its and beverage expenditures on
third year, continues products, power, improving systems in
on its mission to and fuel, the use of the facilities to meet its
reduce the Company’s water across SMC’s targets. SMC, through
utilization of fresh operations will also its Water For All
water sources by increase. Council, made up of
increasing water representatives from
recycling at all the different
facilities and investing businesses, continues
in equipment to safely to drive and monitor the
use desalinated sea program to help ensure
water, and retrofit or targets can be met.
upgrade facilities to
enable more rainwater
collection.
Overall, in 2020, water
reduction attributed to
the Water for All
program reached
5,118,528 cum, or
19.93% of 2016 non-
product, scarce water
consumption.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 9: Industry,
innovation, and
infrastructure
SDG 12: Responsible
91
 consumption and
production
SDG 13: Climate
action

Goal 7: Affordable
and Clean Energy

SMC Global Access to affordable Power surges or SMCGP’s power

Power Holdings and reliable energy power trips brought facilities regularly
Corp. SMC through SMCGP about by human undergo scheduled
provides energy to error, machine shutdowns for
various distribution malfunction, or maintenance, which are
utility companies natural disaster can announced well in
through a diversified impact power advance. Systems are
energy mix consisting generation and in place to ensure
of coal power and distribution to timely mitigation of any
renewable energy users. If systems potential negative
from hydroelectric and for immediate impacts on users.
liquefied natural gas action are not SMCGP maintains a
plants. SMCGP’s properly diversified portfolio of
power facilities established, power facilities utilizing
contribute 20% to the disruptions can both traditional and
national grid, 27% of impact economic renewable fuel sources.
the Luzon grid, and activities and the Its approach has
8% of the Mindanao well-being of users; always been to invest in
grid. Access to As the Philippines the most modern and
electricity is key to still heavily relies on cleanest technologies in
sustainable fossil fuels, power generation. In
development increased demand recent years, it has
throughout the for stable and rolled out its BESS
country, as most reliable power from project a part of a
income-generating across the country strategy to stabilize
activities rely on it. may lead to higher power supply
However, stable utilization of fossil throughout the grid, and
supply of power fuels. lay the groundwork for
remains an issue in more viable use of
many areas. SMC renewable sources in
provides access to the future.
reliable and affordable
power using the latest
technologies for
improved efficiencies
and cleaner power
generation. SMCGP
regularly reports to the
Department of
Environment and
Natural Resources
(DENR) emission
results that are not
just within, but

92
 significantly lower than
what World Bank and
DENR standards
allow.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 9: Industry,
innovation, and
infrastructure
SDG 12: Responsible
consumption and
production
SDG 13: Climate
action

SMC Global SMCGP Investments Increased demand The BESS project is

Power Holdings in innovative power for power from San Miguel
Corp. solutions - BESS industrialized areas, Corporation’s
Even as power emerging growth contribution to
companies work to centers, and even promoting a low-carbon
ramp up power from provinces that future and promoting
capacity and avert a will begin to enjoy clean energy
looming power crisis stable power technologies. Apart
in the Philippines, because of the ensuring more efficient
reliable power remains BESS, may lead to and balanced use of
a challenge even for insufficiency of power throughout the
provinces that already supply, or even grid, the BESS facilities
have access to higher utilization of will also support
electricity. SMC, coal. This may renewable technologies
through power affect the gradual by addressing its
subsidiary SMC transition to more inherent problem--
Global Power has renewable energy intermittence--which
invested in the sources in the significantly aggravates
construction of 32 country. the poor quality of
BESS facilities power in the grid. The
nationwide, with a strategically-located
total target capacity of BESS facilities allow
1,000 megawatts. power to be stored,
SMC became the first helping the transition to
company to put up a renewable sources of
battery storage facility energy in the future.
in 2018 at its Masinloc
power facility in
Zambales. The battery
facilities will improve
power quality and
distribution throughout
the grid. Essentially, it
will allow even
faraway provinces to
93
 have the same stable
and good quality
supply of power as in
major cities and
provinces. This will
allow provinces and
islands to have better
and equal
opportunities for
economic growth,
even if previously,
they could not attract
investments because
of unstable power.
The technology will
support the country’s
“fragile” power grid by
removing excess
power and injecting
required power at
strategic areas within
the grid within
milliseconds—
ensuring power quality
is maintained and that
it reaches users all
over the country.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 9: Industry,
innovation, and
infrastructure
SDG 12: Responsible
consumption and
production
SDG 13: Climate
action

Ginebra San GSMI Biogas There may be GSMI implements

Miguel /Renewable Energy technical periodic preventive
Distileria Bago, program challenges maintenance of its
Inc. associated with the machines to avoid
operation and downtimes.
Bago City, Negros While GSMI continues sustainability of
Occidental to rely on conventional biogas.

94
 energy sources, it has
turned to biogas,
among the waste
materials produced in
its distillery’s
wastewater treatment
facility, to support our
energy requirements.
As a result, about 45%
of its total energy is
from biogas. The
investments made in
improving the quality
of biogas also helped
reduce downtime,
leading to an increase
in the efficiency of its
operations.
Aside from biogas, the
steam generated from
the distillery operation
to produce alcohol is
used to generate
electricity, which
powers some parts of
the DBI facility.

This program also

supports
Sustainable
Development Goals
(SGDs)
SDG 9: Industry,
innovation, and
infrastructure
SDG 12: Responsible
consumption and
production
SDG 13: Climate
action

Goal 8: Decent Work Third party service SMC ensures that all
and Economic providers may not third-party companies
Growth provide for all the involved receive
entitlements of their sufficient funding to
“outgoing” workers provide workers their
Organization of who are entitlements before
San Miguel Group Service/O&M transitioning from transitioning to direct
Companies their employment and full-time
as contract workers employment by San
to employees of Miguel.
In 2020, SMC SMC; SMC businesses to
continued a program Some new hires which the new
95
 to organize and may not pass employees now belong
establish service and probationary period to continue to
O&M corporation. or choose not to implement initiatives to
Covering workers continue with orient and train new
providing support regular employment employees so they may
services in logistics, in SMC; be effective in their
merchandising, The large number roles and fit into the
maintenance, and the of new hires may San Miguel system.
like, the program has lead to some gaps Corporate Human
yielded over 16,000 in onboarding of Resources will
now mostly regular new employees; it implement further
employees receiving may take longer for training and employee
full benefits mandated them to adjust to engagement programs
by government, and San Miguel culture, to professionalize new
enjoying more job resulting in lower employees coming from
security. work quality levels. third-party providers.

This program also

supports
Sustainable
Development Goals
(SGDs)
SDG 1: No poverty
SDG 10: Reduced
inequalities

Goal 9: Industry,
Innovation and
Infrastructure

Completion of the
SMC Skyway Stage 3 As the Skyway 3 is SMC has proposed to
Infrastructure project a significant the Toll Regulatory
Completion of investment, the Board a toll fee matrix
major Company has to that is favorable to
infrastructure The completion of the recover some of the motorists utilizing
projects that will Skyway Stage 3 cost to build it. This Skyway 3 to travel
decongest Metro project, an 18 km may result to higher between in Metro
Manila and elevated toll road, has toll fees which are Manila points within its
province in Luzon served as a major, an additional main alignment, with
long-term solution to expense for some the highest toll fee
the decades-old motorists; applied only to those
problem of traveling from end-to-
continuously growing end, from southern
traffic congestion in If higher toll fees Luzon to Northern
Metro Manila—a limit the number of Luzon. The Company
major hindrance to the users, traffic has deferred recovery
country’s economic volumes that need of a significant portion
growth and contributor to be diverted to of the cost of acquiring
to poverty. The 18- Skyway 3 may not right-of-way properties
kilometer elevated be enough to for the project. It further
expressway, which decongest traffic in modified the “open
cuts through the Metro Manila’s system” of toll collection

96
 Philippine capital’s business roads. into a modified system
busiest and densest- that allows for motorists
populated cities— traveling shorter
Makati, Manila, San distances to pay lower
Juan, and Quezon fees. With this, the
City—has company sees that
demonstrated it can more vehicles with
significantly cut traffic utilize Skyway 3 for
on main thoroughfares travel within Metro
and city streets. Manila, lessening traffic
Serving as a seamless congestion and
link between southern pollution in our cities.
and northern Luzon, it
also cuts travel time
between north and
south from the
previous two to three
hours, to just within
thirty minutes.
Improved traffic and
decongested streets
provides Metro
Manila’s citizens more
time to spend with
family, accelerates the
flow of goods and
supports economic
growth, helps the
agriculture sector, and
also benefits the
environment by cutting
the use of fuel in
stand-still traffic.

SMC Completion of the TPLEX runs In all its infrastructure

Infrastructure Tarlac-Pangasinan- through numerous projects, SMC works
Completion of La Union private properties, closely with national
major infrastructure Expressway Project many of them government as well as
projects that will TPLEX is an 88.9- farms, impacting local government units
decongest Metro kilometer landmark the potential to help address right-of-
Manila and infrastructure project income of owners. way issues and takes a
province in Luzon that enables faster, pro-active stance in
safer connectivity properly compensating
between Central and property owners. For
Northern Luzon TPLEX, the Company
provinces and agreed to advance all
connects them to the payments for ROW
rest of Luzon. It has properties and adopted
unlocked the valuations agreed upon
economic potential of by owners and
the agriculture and government, to ensure
tourism sectors and property owners are
boosted the local able to mitigate any
industries of northern effect the use of part of
provinces. With ease- their properties for

97
 of-travel and faster national infrastructure.
access to markets,
TPLEX has provided
better livelihood
opportunities for
people in many
provinces.

This program also

supports
Sustainable
Development Goals
(SGDs)
SDG 11: Sustainable
cities and
communities

Goal 11: Sustainable

Cities and
Communities

San Miguel-Gayeta
San Miguel Village: Sustainable Beneficiaries may The Company has
Corporation Housing units in choose to not made the village a
Intergrated Agro- Sariaya, Quezon pursue new model for sustainable
Industrial Zone livelihood housing relocation in
project in Sariaya, opportunities or the country. It is
Quezon To provide housing for become sustainable not just
families relocated from complacent and because of the
high-risk coastal areas overly dependent materials used to build
in Sariaya, Quezon, on the company’s disaster-resilient homes
future site of the assistance. that offer dwellers
company’s agro- Other fisherfolk who better protection from
industrial zone are not the elements, but
development, SMC beneficiaries may because its residents
tapped a local firm feel left out, and are given the
that designed “green this may impact resources, facilities,
tough” panels for use harmony in the and training needed to
in the construction of community improve their livelihood
homes. These 450 and become self-
new homes, located sufficient for the long
on a 5.4-hectare term.
property, are To help ensure local
earthquake-proof, fishermen will realize
wind-proof, termite- economic benefits,
proof, sound and heat- SMC allotted a
insulated, and separate 3.5-hectare
environment-friendly. property for a Sariaya
Apart from providing Fishermen’s dock. This
them titled properties area can secure more
with houses made of than 100 boats,
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 disaster-resilient particularly during the
materials, SMC has typhoon season. SMC
also built facilities that also built the Sariaya
will boost their Fishermen’s Hall, which
livelihood. serves as a rest area
for fishermen and
storage for some 70
This program also boat engines, fishing
supports Sustainable implements and other
Development Goals supplies.
(SGDs)
SDG 1: No poverty SMC has also built
SDG 4: Quality adjacent to the village
Education the SMC Market, a
SDG 8: Decent work dedicated marketplace
and economic growth where residents can
sell their fresh catch,
processed seafood, and
other products.
Within the 5.4-hectare
village, SMC has set
aside a 1,000- square
meter plot of land
dedicated for those
pursuing organic
farming.
Other facilities include a
multi-purpose covered
basketball court,
livelihood training
facility, a day care
center, and e-library.

SDG 12:
Responsible
consumption and
production

San Miguel Foods Animal Nutrition and Improper use of Various training
Nationwide Health (ANH) - Feeds feeds and medicine programs are provided
and Veterinary and inadequate to ensure product
Medicine care of animal quality and capacity
farms due to lack of building. Training
capacity, includes use of
Animal-sourced foods information and the technology and more
are essential to good like, can pose efficient practices to
health. Foods such as threats to fence-line help increase
eggs and milk provide communities, productivity.
essential vitamins and contract growers,
minerals. Iron-rich
meat helps prevent
99
 anemia and other and end
nutrient deficiencies. consumers.
SMF’s ANH products
are essential to The use of
ensuring healthy antibiotics is not a
livestock, which then substitute but
support food supply. should be used as
In addition to its a supplement to
contributions to food proper handling of
supply, healthier livestock. The
animals have a excessive use of
smaller environmental antibiotics may
footprint. result in the growth
SMF’s ANH products of resistant
also help the bacteria, potentially
livelihood of farmers, harming animals
especially backyard and end
raisers with a few consumers.
livestock. Protecting
animal health can help
grow the economy
and help a meaningful
segment of the
population rise out of
poverty.
The Animal and
Health Food Segment
delivered 1.23 million
metric tons of
products in 2020.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 1: No Poverty
SDG 2: Zero hunger
SDG 3: Good Health
and Well Being
SDG 8: Decent Work
and Economic Growth

Goal 13: Climate

Action

SMC Global Minimizing Carbon Trees planted over SMCGP monitors the
Power footprint with upland a large land area survival rate of its
Plantation and may be difficult to plantations. Survival
Ridge to Reef
100
Conservation Maintenance: maintain. rate is at 90% and
Program “Project through continued
747” monitoring, the
SMCGP Foundation foundation is able to
supports reforestation evaluate and identify
and the reduction of how to continuously
the Company’s carbon improve its tree planting
footprint by planting initiatives.
seven million trees on
over 4,000 hectares of
land in seven key
provinces in the last
seven years. As of
end- 2020, SMCGP
Foundation had
planted--and
continues to maintain-
- 233,000 potted
seedlings, 334
hectares of upland
plantation, 43
hectares of bamboo
plantation, and 135
hectares of mangrove
plantation. These
efforts contribute to
the sequestration of
carbon dioxide
emissions and
reduction of soil
erosion. These
plantations also
support biodiversity by
providing more habitat
for various wildlife.

This program also

supports
Sustainable
Development Goals
(SGDs)
SDG 15: Life on land

Goal 14: Life Below

Water

SMC Global Supporting

Giant clams have SMCGP works with a
Power endangered wildlife
with SMCGP: become reliable service provider
Ridge to Reef endangered due to conduct baseline
Conservation the high value of studies in SMC Global
Program “Project Under the project, their shells. They Power Plant sites. This
747”: SMC Global Power covers the generation
supports biodiversity of data-based
101
 by seeding 10 are vulnerable to development profile of
Tridacna Gigas, one illegal poaching. each host community
of the most and gathering of
endangered species community perceptions.
of giant clams. This is This allows the SMCGP
one of SMCGP’s Foundation to create
many conservation
and develop new and
efforts which also
includes its Adopt-a- relevant projects
River program to depending on the
prevent soil erosion needs identified.
and the scourging of This also enables the
the edges of streams SMCGP Foundation to
and rivers. better monitor and
protect the giant clam
seedlings.
This program also
supports
Sustainable
Development Goals
(SGDs)
SDG 17: Partnership
for the goals

SMC Infrastructure Tullahan-Tinajeros With the significant To ensure proper and

River System amount of silt and safe disposal of
Dredging and waste being dredged materials,
Cleanup Project removed on a daily SMC works closely with
SMC is undertaking a basis from the the Department of
P1 billion initiative to Tullahan-Tinajeros Environment and
clean up the 27- River project, the Natural Resources to
kilometer Tullahan- next concern is deliver the dredged silt
Tinajeros River where to place the to only DENR-
System that stretches waste materials. recommended disposal
from La Mesa Dam in areas.
Quezon City, through
Caloocan, Malabon,
Valenzuela, and
Malabon cities, all
prone to flooding
during the rainy
season. The project
involves the dredging
and removal of silt and
garbage from the river
to return it to its
original depth and
allow for the proper
flow of floodwaters out
into the Manila Bay.
As of February 2020
SMC has already
extracted over
102,338 metric tons of
trash and silt from the
102
 river system. The
project will provide an
opportunity for both
life on water and life
on land to flourish,
even as it helps
lessen the number of
Filipinos regularly
displaced by flooding.
It also supports the
government’s larger
program to rehabilitate
the Manila Bay

This program also

supports
Sustainable
Development Goals
(SGDs)
SDG 11: Sustainable
cities and
communities
SDG 17: Partnership
for the goals

San Miguel Group/ Mangrove Planting Young mangroves SMC continues to work
to support wildlife are vulnerable to closely with the DENR
SMC and its provincial office
Infrastructure and address excessive trampling
flooding of their roots. They for its ongoing
may also be environmental
subjected to illegal initiatives, including the
This program involves mangrove planting
the planting of 8,000 cutting.
project. This helps
mangrove seedlings
ensure monitoring of
over a three-hectare
the plantation. Local
coastal area in
Hagonoy, Bulacan. stakeholders have also
Mangroves act as a been engaged to help
first line of defense for take care of the
locals living along the mangroves. Part of
coast against storm long-term plans for its
surges and tidal mangrove reforestation
waves and reduces project is the
flooding. Mangroves introduction of mud
are essential to crabs into the
biodiversity and act as mangrove plantations,
a nursery area for which is known to
many marine
improve biodiversity
organisms and are
also home to many and help protect and
birds and other strengthen the growth
wildlife. of mangroves. Turned
into a local industry,
mud crab growing can

103
 serve as an alternative
This program also source of income for
supports locals and turn them
Sustainable into stewards of
Development Goals mangrove plantations.
(SGDs)
SDG 15: Life on land
SDG 17: Partnership
for the goals

Ginebra San DBI Mangrove Potential negative To mitigate the negative

Miguel Reforestation Area effects to the impacts, GSMI
initiative are maintains its
encroachment, commitment to the
DBI is located along illegal harvesting for conservation of the
the coast lines of mangrove barks, biodiversity of the
Guimaras Strait, an competing land- Guimaras Strait.
identified Biodiversity use, funding, and
Conservation Site in GSMI conducts regular
maintaining the tree planting within the
Western Visayas by health of the
the DENR. vicinity annually, as well
mangrove as regular clean-up
In the mid-1990s, DBI ecosystem. drives in collaboration
established a with the LGU and
Mangrove volunteers from nearby
Reforestation Area communities.
near the distillery. The
program has had As a result, the 12
positive impacts in the hectares of mango
ecosystem of the reforestation along the
area, including the Guimaras Strait has
conservation of the ~96% survival rate.
natural biodiversity of
Guimaras Strait and
reduce risk of flooding
and soil erosion.

This program also

supports
Sustainable
Development Goals
(SGDs)
SDG 15: Life on land
SDG 17: Partnership
for the goals

San Miguel Carmen Mangrove Potential negative To mitigate these

Brewery Development effects to the negative impacts, the
Program initiative are growth of mangroves as
encroachment, well as the fishing
illegal harvesting for
104
The project records mangrove barks, practices, are
the annual planting of competing land- monitored.
mangrove species use, funding, and Thus far, results show
along the designated challenges to favorable impacts. The
coastlines of Carmen, maintaining the mangroves have
Cebu. The project is a health of the become a natural
partnership between mangrove refuge and habitat to
fishermen ecosystem. several marine species.
associations in the In its annual evaluation,
area and the the MAO reported an
Municipal improvement in fish and
Agriculturists Office shellfish propagation,
(MAO) and SMB. which has led to a
MAO and SMB steady improvement in
provide the mangrove fish catch. This means
shelters for the fish, better livelihood for the
while the locals fishermen.
provide seedlings and There has also been
maintain the increased mangrove
mangrove areas. stretch and
Aside from serving as preservation of giant
a natural refuge and clams in the area,
habitat for several according to the fish
wildlife species and wardens and MAO.
marine life, mangrove
forests also stabilize
coastlines, prevent
coastal erosion, and
protect against threats
of water pollution and
siltation.
They serve as natural
flood defense and
reduce damage
caused by typhoons,
tsunamis, sea level
rise and tides.

This program also

supports
Sustainable
Development Goals
(SGDs)
SDG 15: Life on land
SDG 8: Decent work
and economic growth
SDG 17: Partnership
for the goals

105
 Goal 15: Life on
Land

San Miguel Trees Brew Life: The ecopark was SMC continues to
Brewery Converting a once a dumpsite implement
dumpsite to an that has since been communication
ecopark converted into an programs on the
development ecopark, as part of benefits of the ecopark
the Mandaue City to encourage the
This project is an government’s community to
offshoot of the Trees efforts to clean up participate in
Brew Life Program the area. maintaining the area, as
where SMB Since the well as the importance
employees plant trees immediate of keeping a clean
annually as part of the community relied environment and
Company’s on the dumpsite as reducing waste.
commitment to save their main
the environment. It is livelihood; i.e.,
an initiative done in through
partnership with the scavenging, there
Mandaue City may be resistance
Government. to the conversion of
Employees planted the dumpsite and
trees to kick-off the lack of motivation to
shading of the three- support SMB’s tree
hectare allocation for planting and
a recycling park, to be recycling project.
built using primarily
recycled materials.
The area will also
enable SMB to
showcase its efforts to
recover and reuse
some materials that
are considered
recyclable.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 12: Responsible
consumption and
production

106
 Goal 17: Partnership
for the Goals

San Miguel Group Partnerships with The COVID-19 SMC continues to

non-profit pandemic has honor our commitment
organizations and disrupted our to provide financial
social enterprises partners’ own support for our partners
operations. With and projects despite the
Collaboration with limitations to pandemic. Adjustments
passionate and conducing work in- to projects are also
committed NGOs is person, most of our agreed upon and
key to the success of projects with them implemented as
many of SMC’s are harder to necessary.
programs. Our implement. All our community
partners have the centers and facilities
specialized knowledge follow strict minimum
and skills to help us health standards
turn our common prescribed by the
goals into reality. Our Department of Health.
partners include: Our Better World EDSA
The School for testing facility is also
Experiential and open to our partners
Entrepreneurial should they need RT-
Development PCR tests.
Philippines: SEED
Philippines is the first
school for social
entrepreneurship for
the poor; they aim to
educate the next
generation of agri-
entrepreneurs.
Rural Rising
Philippines: RuRi aims
to harness the full
potential of the
countryside by
connecting farmers
with potential buyers
through RuRi’s strong
social media following
of 10,000 people.
Rise Against Hunger
Philippines: RAHP
specializes in
mobilizing the
necessary resources
to bring food to the
vulnerable who need it
the most.
AHA! Learning Center:
AHA empowers the
107
youth by providing
free after-school
learning hours and
involving the family in
the child’s education.
Philippine Red Cross:
The Philippine Red
Cross is a
humanitarian
organization that
provides various
social welfare services
and runs life-saving
blood donation drives.

This program also

supports
Sustainable
Development Goals
(SGDs):
SDG 1: No poverty
SDG 2: Zero hunger
SDG 3: Good health
and well-being
SDG 4: Quality
education
SDG 8: Decent work
and economic growth
SDG 10: Reduced
inequalities

108