FINANCIAL HIGHLIGHTS

to the year ending on December, 31

	2017	2016
Net sales	20,065	18,180
Preserves	15,953	14,431
Frozen	2,882	2,592
Exports	1,230	1,158
Cost of Goods Sold	12,174	10,929
Gross Profit	7,891	7,252
Preserves	5,926	5,483
Frozen	1,802	1,642
Exports	163	127
General & Administrative Expenses	5,204	4,945
Other Expenses, net	103	57
EBITDA	2,790	2,363
Preserves	2,614	2,378
Frozen	81	-61
Exports	96	46
Equity Investments in Associates	834	599
MegaMex	791	577
Others	43	22
Consolidated Net Income	2,166	1,593
Majority Net Income	1,046	717
EBITDA^[1]	3,295	2,816
Preserves	2,888	2,634
Frozen	277	103
Exports	130	79
Total Assets	27,846	26,348
Total Liabilities	10,504	11,720
Total Debt^[2]	6,351	7,475
Total Shareholders Equity	17,342	14,628
Majority Shareholders Equity	7,929	7,348
CAPEX^[3]	641	981
RGO	2,043	1,385
Net Debt/Consolidated EBITDA (times)	1.5	2.3
Deuda Neta/Capital Contable Total (veces)	0.28	0.45
ROE^[4]	13.7%	10.2%
ROIC^[5]	12.2%	10.9%
Price per Share at Year End	45.7	37.6
Total Shares Outstanding at Year End (millions)	432	432

Consolidated figures in million pesos

[1] EBITDA = Earnings before interest, taxes, depreciation and amortization

[2] Total Debt = Bank loans + bonds + corporate debt

[3] Capital Expenditures = Acquisition of property, machinery and equipment

[4] ROE (Return Over Equity) = Majority net income / annual average of the last two years majority shareholders equity

[5] ROIC (Return Over Invested Capital) = Operating Income / (shareholders equity + debt) (annual average of the last two exercises)