Monday, February 5, 2018

Universal Robina Corporation (URC)

This article may contain out of date contents.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
Universal Robina Corporation (URC)
Sector
Industrial
Incorporation Date
Sep 28, 1954
Subsector
Food, Beverage & Tobacco
Number of employees
13,001 (Group Total)
Board of Directors
Chairman: James L. Go,
Other directors: Robert G. Coyiuto, Jr.
Website / E-mail
http://www2.urc.com.ph
2. Stock Information
Total Assets
144,724,004,000
Market Capitalization
303,733,505,410.40
Total Liabilities
66,948,596,000
Outstanding Shares
2,204,161,868
Retained Earnings
60,567,186,000
Listed Shares
2,227,638,933
Listing Date
Mar 25, 1994
Issued Shares
2,227,638,933
Board Lot
10
Free Float Level (%)
44.08%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
JG SUMMIT HOLDINGS INC.
PCD NOMINEE CORPORATION (NON-FILIPINO)
PCD NOMINEE CORPORATION (FILIPINO)
54.55%
31.17%
11.66%
4. Company Descriptions and Business Development
Notes
1. Related companies: JGS, URC
2. It sold out HUNTs Philippines license to Centrury Pacific Food Inc.(CNPF, a listed company) in 2017.
Overview
Universal Robina Corporation (URC) is one of the largest branded food product companies in the Philippines. URC has established a strong presence in ASEAN and has further expanded its reach to the Oceania region through the acquisition of Griffin’s Food Limited, the number one snack foods company in New Zealand.

Business
Revenue contribution in 2016 (in thousand pesos)
BCF
Agro-industrial
Commodity food
105,587,328
9,232,708
17,072,343
80.06%
7%
12.94%


It has three (3) business segments handled by division or subsidiaries.
Branded consumer foods(BCF), including packaging division, is the largest segment contributing about 82.9% of total revenues. It manufactures and distributes a diverse mix of saly snacks, candies, beverages, noodles, pasta, tomato-based products. Through its wholly-owned subsidiary, URC International, it expanded consumer foods business to Oceania region. It acquired Griffin’s Foods Limited(New Zealand), Snacks Pty Ltd.(Australia). The international operations contributed about 28.2% of the total revenues as of 2016.
Agro-industrial products
It has four (4) segments such as Robina Farm-Hogs, Robina Farm-Poultry, the manufacturing and distribution of animal feeds (URC Feeds), and the production and distribution of animal health products (URC Veterinary Drugs). This segment contributed approximately 8.1% of sale of goods and services in fiscal 2016.
Commodity food products
It operates sugar milling and refining through Sugar division, flour milling and pasta manufacturing through Flour division, and renewable energy development through Distillery and Cogeneration divisions. This segment contributed approximately 9.0% of aggregate sale of goods and services in fiscal 2016.

Subsidiaries / Associates / Affiliates / Joint Ventures
URC International Co, Ltd holds subsidiaries for each region or country.
Shanghai Peggy Foods Co., Ltd.
Xiamen Tongan Pacific Food Co., Ltd.
URC Hong Kong Company Limited
PT URC Indonesia
URC Snack Foods (Malaysia) Sdn. Bhd.
URC Foods (Singapore) Pte. Ltd.
URC (Thailand) Co., Ltd.
URC Vietnam Co., Ltd.
URC (Myanmar) Co. Ltd.
Acefood Network Pte Ltd

+++++++++++++++++++++++++++++++++++++++++

MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...