Founded in 1890, San Miguel is one of the largest and most diversified conglomerates in the Philippines by market capitalization and total assets, with sales equalling approximately 6.5% of GDP. San Miguel has market-leading businesses and investments in food, beverage, packaging, fuel and oil, energy, infrastructure, telecommunications, mining and aviation. Its 2013 revenue reached P748 billion, while net profit was P38.1 billion. With over 100 facilities in the Philippines, China, South-East Asia and Australia, San Miguel employs over 18,000 employees.