Friday, February 9, 2018

Del Monte Pacific Limited (DMPL)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Del Monte Pacific Limited (DMPL)
Sector
Industrial
Incorporation Date
May 27, 1999
Subsector
Food, Beverage & Tobacco
Number of employees
 (Group Total)
Board of Directors
Chairman: Rolando C. Gapud, CEO: Joselito D. Campos, Jr.
Website / E-mail
www.delmontepacific.com / jluy@delmontepacific.com
2. Stock Information
Total Assets
USD 2,829,779,000
Market Capitalization
21,461,318,664.96
Total Liabilities
USD 2,255,104,000
Outstanding Shares
1,943,960,024
Retained Earnings
USD 159,909,000
Listed Shares
1,944,935,826
Listing Date
Jun 10, 2013
Issued Shares
1,944,935,826
Board Lot
100
Free Float Level (%)
31.96%
Par Value
0.01
Foreign Ownership Limit
100%
3. Major Stock Holders (common shares)
NUTRIASIA PACIFIC LIMITED
HSBC (Singapore) Nominees Pte Ltd
Citibank Noms S’pore Pte Ltd
Lee Pineapple Company Pte Ltd
59.44%
07.95%
05.36%
05.17%
4. Company Descriptions and Business Development
Notes
1. Joselito D Campos is the chairman of NutriAsia Group, Ayala-Greenfield Development Corp.
He was former chairman of United Laboratories, Inc. (Unilab, the Philippines’ largest pharmaceutical company). Campos Family operates Unilab.
2. Ms Jeanette Beatrice Campos Naughton is the daughter of Mr Joselito D Campos, Jr.
3. DMPL and Fresh Del Monte Produce Inc. (NYSE:FDP) settled dispute in 2017 and set up a Joint Venture. DMPL and its subsidiaries are not affiliated with Fresh Del Monte Produce Inc, Del Monte Canada, Del Monte Asia Pte Ltd.
Overview
Del Monte Pacific Limited (DMPL) was incorporated as an international business company in the British Virgin Islands on 27 May 1999. It is listed in SGX-ST and PSE. Its operating subsidiaries are principally engaged in growing, processing and selling canned and fresh pineapples, pineapple juice concentrate, tropical mixed fruit, canned peaches and pears, canned vegetables, tomato-based products, broth and certain other food and beverage products mainly under the brand names of “Del Monte”, “S&W”, “Today’s”, “Contadina”, “College Inn” and other brands. The Company’s subsidiaries also produce and distribute private label food products. DMPL’s USA subsidiary operates 12 plants in the USA, two in Mexico and one in Venezuela, while its Philippines subsidiary operates the world's largest fully-integrated pineapple operation with its 23,000-hectare pineapple plantation in the Philippines and a factory with a port beside it.
Business
Revenue contribution in 2016 (in million US dollars)
USA
Philippines
Asia and middle east
India
Europe
1,700
329
120
73
43
75.06%
14.53%
5.3%
3.22%
1.9%
It recorded total revenue US$2,252 million through various subsidiaries and products worldwide.
USA
DMPL’s U.S. subsidiary, DMFI, has several famous brands such as Del Monte Fruit Refreshers, College Inn Bold Stock and Kitchen Crafted Beans.
S&W in Asia and the Middle East
It has several partners in china such as Goodfarmer, JD.com and Burger King/McDonald’s china.
FieldFresh India (equity accounted)
Sales at FieldFresh Foods, an Indian joint venture, which are equity accounted and not consolidated, were US$72.9 million.
Europe’s sales recorded US$43 million.

Subsidiaries / Associates / Affiliates / Joint Ventures
Del Monte Pacific Resources Limited (DMPRL,100%)
DMPL India Pte Ltd (DMPLI, 100%)
S&W Fine Foods International Limited (S&W)
GTL Limited
DMPL Foods Limited (DMPLFL, 89.4%)
Del Monte Philippines, Inc (DMPI)

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