C06063-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Nov 10, 20152. SEC Identification Number

311713. BIR Tax Identification No.

000-168-8014. Exact name of issuer as specified in its charter

PETRON CORPORATION5. Province, country or other jurisdiction of incorporation

Philippines6. Industry Classification Code(SEC Use Only)

7. Address of principal office

San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong CityPostal Code1550

8. Issuer's telephone number, including area code

(63 2) 886-3888, 884-92009. Former name or former address, if changed since last report

N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each ClassNumber of Shares of Common Stock Outstanding and Amount

of Debt Outstanding

COMMON (PCOR) 9,375,104,497

PREFERRED SERIES 2A (PRF2A) 7,122,320

PREFERRED SERIES 2B (PRF2B) 2,877,680

TOTAL DEBT AS OF DECEMBER 31, 2014(IN MILLIONS)

277,632

11. Indicate the item numbers reported herein

Item 9.

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporatedisclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange,and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly tothe Corporate Information Officer of the disclosing party.

Petron CorporationPCOR

PSE Disclosure Form 4-30 - Material Information/TransactionsReferences: SRC Rule 17 (SEC Form 17-C) and

Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Materials for the Investors' Briefing for 2015 September-YTD Results of San Miguel Group

Background/Description of the Disclosure

Materials for the Investors' Briefing for 2015 September-YTD Results of San Miguel Group

Other Relevant Information

Please see attached letter dated November 10, 2015

Filed on behalf by:

Name Jhoanna Jasmine Javier-Elacio

Designation Legal Manager and Assistant Corporate Secretary

November 10, 2015 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 3rd Floor, Philippine Stock Exchange Center Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head, Disclosure Department Subject: SMC Investors’ Briefing for 2015 September-YTD Results Gentlemen:

We are forwarding the materials that were distributed to the attendees at the Investors’ Briefing of San Miguel Corporation (“SMC”) this afternoon. The Company is among the subsidiaries of SMC reported.

Very truly yours,

JOEL ANGELO C. CRUZ VP - General Counsel & Corporate Secretary

INVESTORS’ BRIEFING

10 November 2015

2 0 1 5 S E P T E M BER -Y T D R E S U L TS

SERIES “2” PREFERRED SHARES ILIJAN POWER PLANT CASE

S E P T EMB ER -Y T D 2 0 1 5

IN BILLION PESOS 2015 2014 CHANGE

Net Sales 504.5 593.5 -15%

Income from Operations 58.1 47.2 23%

Net Income excluding forex 26.8 25.0 7%

EBITDA 77.5 67.2 15%

SAN MIGUEL CORPORATION

IN MILLION PESOS 2015 2014 CHANGE

Net Sales 58,790 56,283 4%

Income from Operations 15,746 15,270 3%

Net Income 9,965 9,426 6%

SAN MIGUEL BREWERY INC. S E P T EMB ER -Y T D 2 0 1 5

IN MILLION PESOS 2015 2014 CHANGE

Net Sales 11,487 10,628 8%

Income from Operations 396 124 218%

Net Income 9 (281) 103%

GINEBRA SAN MIGUEL INC. S E P T EMB ER -Y T D 2 0 1 5

SEPTEMBER – YTD 2015

IN MILLION PESOS

3Q 2015

3Q 2014

CHANGE 9M

2015 9M

2014 CHANGE

Net Sales 26,093 25,239 3% 76,601 74,415 3%

Income from Operations

1,759 1,630 8% 4,499 4,327 4%

Net Income 1,091 979 11% 2,920 2,722 7%

SAN MIGUEL PURE FOODS COMPANY INC.

95

105

115

P/kdw Chicken Selling Prices

2015

2014

Source: Internal 1Q 2Q 3Q

58,414 60,307

2014 2015

+3%

R E V E N U E

Ag r o - I n d u s t r i a l & M i l l i n g

-10%

I N C O M E F R O M

O P E R AT I O N S

3,461 3,131

2014 2015

SEPTEMBER – YTD 2015

SAN MIGUEL PURE FOODS COMPANY INC.

650

680

710

P/bag Flour Selling Prices

Source: Internal 1Q 2Q 3Q

2015

2014

16,153 17,402

2014 2015

+8%

R E V E N U E

B r a n d e d Va l u e Ad d e d

+24%

I N C O M E F R O M

O P E R AT I O N S

900 1,116

2014 2015

SEPTEMBER – YTD 2015

SAN MIGUEL PURE FOODS COMPANY INC.

Dairy, Spreads

& Biscuits

Revenue Growth

13% Processed Meats 7%

S a l e s R e v e n u e M i x

SEPTEMBER – YTD 2015

SAN MIGUEL PURE FOODS COMPANY INC.

Stable Priced,

24%

Basic Food, 45%

Value Added,

31%

Sept YTD 2015

Basic Food

Stable Priced

Value Added

1%

Sept YTD ‘14 to ‘15

6%

7%

IN MILLION PESOS As of

Sept 2015 As of

Dec 2014

Total Assets 61,860 66,655

Cash 9,742 14,216

Interest-bearing Debt 7,905 13,245

Current Ratio 1.83x 1.62x

Debt-to-Equity Ratio 0.64x 0.85x

Interest-bearing Debt to Equity Ratio 0.21x 0.37x

SAN MIGUEL PURE FOODS COMPANY INC.

IN MILLION PESOS 2015 2014 CHANGE

Net Sales 18,186 17,264 5%

Income from Operations 1,709 1,576 8%

SAN MIGUEL YAMAMURA PACKAGING GROUP S E P T EMB ER -Y T D 2 0 1 5

IN MILLION PESOS 2015 2014 CHANGE

Net Sales 58,997 65,516 -10%

Income from Operations 19,343 21,877 -12%

SMC GLOBAL POWER HOLDINGS CORP. S E P T EMB ER -Y T D 2 0 1 5

Sual 42%

Ilijan 39%

San Roque 10%

Limay Cogen

9%

Sual 55%

Ilijan 23%

San Roque 13%

Limay Cogen

9%

REVENUE MIX OPERATING INCOME MIX

L I M AY 2 X 1 5 0 M W

P O W E R P L A N T

GREENFIELD POWER PROJECTS

M AL I TA 2 X 1 5 0 M W

P O W E R P L A N T

Regional Market Developments – Prices

• Prolonged Period of Low Crude Prices

• Tapis, staple crude of Malaysia, Cheaper

• Gasoline & LPG Prices Healthy

• Diesel & Petchem Prices Under Pressure

-

20

40

60

80

100

120

140

Cru

de

Pri

ces,

USD

/bb

l

Dubai

Brent

YTD Sept’14 Dubai: $104.0 Brent: $106.7

Jun Dubai $62

Sep Dubai $45

YTD Sept’15 Dubai: $54.3 Brent: $55.07

Jun’14 Dubai $104

CRUDE PRICES PRICE DIFFERENTIALS VS. DUBAI

Dif

fere

nti

als

vs. D

ub

ai, U

SD /

bb

l

5

10

15

20

25

Jan May Sep Jan May Sep

5

15

25

35

45

55

65

75

Jan May Sep Jan May Sep

-40

-30

-20

-10

0

10

Jan-14 Mar May Jul Sep Nov Jan-15 Mar May Jul Sep 0

5

10

15

Jan May Sep Jan May Sep

2014 2015

PETROCHEMICALS DIESEL GASOLINE

LPG

2014 2015

TAPIS CRUDE

PETRON CORP.

3.6 4.3

44.6 45.1

0

10

20

30

40

50

60

Jan-15 Sep-15 Jan-15 Sep-15

321.9 341.1 342.9 365.2

70

145

220

295

370

445

520

595

FY 2013 FY 2014 1H2014 1H2015

In ‘000 barrels/day

4%

14%

6%

10%

0%

10%

20%

FY 2014 1H2015 FY 2014 1H2015

Growth Rates (%)

Gasoline Diesel

Source: Department of Energy. 1H14 &1H15 demand excludes naphtha/condensate volumes

Domestic Market Developments

DEMAND FOR MOTOR FUELS - PH

INDUSTRY DEMAND - PH

FOREIGN EXCHANGE

PH (Peso per USD) MY (Ringgit per USD)

• Sustained industry growth

• Strong growth of motor fuels

• Weaker Asian currencies versus USD

PETRON CORP.

140.4 170.6

96.5 99.2

- 25 50 75

100 125 150 175 200 225 250

Sep-14 Sep-15 Sep-14 Sep-15

~70% ~ 80%

~90%

0%

20%

40%

60%

80%

100%

120%

1Q2015 2Q2015 3Q2015

PH MY

Operating Performance

BATAAN REFINERY UTILIZATION

SALES VOLUME PERFORMANCE (‘000 BARRELS/DAY)

+46

+16

40+

10+

0

20

40

60

80

100

PH: ~ 2,200 stations MY: ~ 560 stations

Under Construction

Operational

• Robust volume performance

• Ramp-up in RMP-2 production

• On-going Service Station Expansion

PETRON CORP.

SEPTEMBER – YTD 2015

PETRON CORP.

IN MILLION PESOS 2015 2014 CHANGE

Net Sales 278,295 379,540 -27%

Gross Margins 23,256 15,665 48% Rate 8.4% 4.0% 110%

Income from Operations 13,662 7,148 91%

Net Income 5,068 3,202 58%

Volume (in million barrels) 73.6 64.7 14%

*Infrastructure tolling revenues consolidated in SMC group for the first nine months 2015 was P9.0 billion and operating income was about P5.1 billion, given consolidation of SLEX and Skyway Stages 1 and 2 only started in March.

SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE

IN MILLION PESOS 2015 2014 CHANGE

Net Sales* 10,954 9,355 17%

Income from Operations* 6,411 5,462 17%

Traffic Volume (no. of vehicles)

SLEX SKYWAY STAGES 1 AND 2 STAR TOLLWAYS TPLEX

269,726 238,608 39,228 11,901

242,945 225,259 32,164 7,825

11% 6%

22% 52%

S E P T EMB ER -Y T D 2 0 1 5

SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE N AI A E x p r e s s w a y S k y w a y S t a g e 3

B o r a c a y A i r p o r t

88.85 km TPLEX

93.71 km SLEX

44.41 km SKYWAY

41.90 km

STAR TOLLWAY

5.40 km NAIAx

SAN MIGUEL HOLDINGS CORP.- INFRASTRUCTURE

21

Operating SMC

Tollroad Length

~170 km

IN BILLION PESOS Sep 2015 Dec 2014

Total Assets 1,237 1,217

Cash 195 259

Interest-bearing Debt 516 483

Current Ratio 1.38x 1.52x

Total Liabilities to Equity Ratio 2.24x 2.12x

Interest-bearing Debt to Equity Ratio 1.35x 1.24x

Net-Debt-to-EBITDA 2.81x 2.36x

SMC FINANCIAL POSITION

THANK YOU Visit our websites: San Miguel Corporation www.sanmiguel.com.ph

San Miguel Brewery Inc. www.sanmiguelbrewery.com.ph

Ginebra San Miguel Inc. www.ginebrasanmiguel.com

San Miguel Pure Foods Co. Inc. www.sanmiguelpurefoods.com

Petron Corporation www.petron.com

Contact us: SMC Investor Relations +632 632 3752 / +632 632 3422