Slide 1: Q1 CY2026 Unaudited Results Investor Briefing
Q1 CY2026 Unaudited Results Investor Briefing May 7, 2026 Irwin C. Lee Pancho M. Del Mundo Jose Miguel T. Manalang President and CEO Chief Finance and Strategy Officer Strategy & Investor Relations Director
Slide 2: Contact Us
Contact Us Universal Robina Jose Miguel Manalang Corporation Director Corporate Strategy and Investor Relations
Slide 3: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Universal Robina Corporation (URC) and plans and objectives of the management of URC. Such forward looking statements involve known and unknown risk
Slide 4: Q1 2026 Results Highlights
Q1 2026 RESULTS HIGHLIGHTS Revenues +6% Operating Profit -2% Core Net Income to Parent -2%
Slide 5: 2026 Key Focus Areas
2026 KEY FOCUS AREAS • Accelerate volume growth and market share recovery BCF Philippines • Improve segment profitability • Sustain growth and market share BCF International • Scale Munchy’s and build new legs Animal Nutrition and Health • Pet Food expansion, build and grow Cat • Focus on profit rec
Slide 6: Total URC
TOTAL URC SALES EBIT CORE NET INCOME In billion pesos In billion pesos In billion pesos 6% 2% 2% 47.9 5.5 5.4 3.9 3.8 45.3 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 • Robust revenue expansion powered • The decline was mainly due to lower • Q1 Core Net Income to Parent by solid uplift in brande
Slide 7: BCF Philippines
BCF PHILIPPINES Record volume growth driven by strong operational execution 10% • Strong start to the year, driven by broad-based volume growth and the carryover impact of last year’s pricing actions • Overall BCF PH posted record-high sales with category volumes SALES 20.1 22.0 growing by high-sing
Slide 8: BCF Philippines Category Performance Snapshot
BCF PHILIPPINES Category Performance Snapshot Snacks Chocolates Noodles Market Share Market Share Market Share 6/6 categories growing P3M YOY Candies P3M YOY Biscuits P3M YOY Coffee Market Share Market Share Market Share faster than market P3M YOY P3M YOY P3M YOY NOTE: P3M is based on end-Feb 2026 R
Slide 9: BCF International
BCF INTERNATIONAL Rising contribution from high-growth markets due to scale-driven margin accretion and operational efficiency gains 1% • Q1 sales grew 1% in constant currency terms (+6% in PHP) • Revenue was supported by the strong Malaysia business as 10.1 10.2 Munchy’s continues to dominate, coup
Slide 10: Animal Nutrition and Health
ANIMAL NUTRITION AND HEALTH Visible recovery in animal feeds sales from strong trade execution and hog repopulation initiatives 22% • Double-digit revenue growth was fueled by strong sales volume of hog feeds and featherlines, coupled with the sustained growth 3.8 momentum of cat food sales 3.1 • SA
Slide 11: Commodities
COMMODITIES Softening sugar prices dampened income contribution of the commodities segment 5% • Topline revenue was weighed down by lower distillery sales due to lower Bais plant utilization • Flour delivered solid revenue growth, driven by higher volumes and 12.5 supported by stronger Bran & Pollar
Slide 12: Cash Flow and Financial Ratios
CASH FLOW AND FINANCIAL RATIOS Cash Flow In billion pesos 7.0 3.1 1.7 0.1 0.0 13.2 11.2 Cash as of EBITDA Loan Repayment CAPEX Working Capital Others Cash as of Dec 2025 Mar 2026 Cash Conversion Cycle (Days) Gearing Ratio (x) In days In multiple 87 77 0.19 0.16 CY 2025 Q1 2026 CY 2025 Q1 2026
Slide 13: Executive Summary
Executive Summary • Strong volume-led sales growth mainly attributable to strong demand and excellent operational execution in BCF PH (+10%), ANH (+22%) and Flour (+17%). • Sequential EBIT rebounded on gross profit expansion—driven by stronger Coffee economics, continued scale-up in International, i
Slide 14: 2026 Outlook
2026 OUTLOOK • Mid-single digit, volume-driven revenue growth in 2026 • Branded business is expected to post high-single digit growth, barring any significant collapse in demand due to Top-line inflation impact • Commodities revenue is expected to decline due to softer sugar prices • EBIT should gro
Slide 15: Thank You!
Thank You!
Slide 16: Income Statement
Income Statement Q1 2026 Q1 2025 (Php Millions) YoY (Unaudited) (Audited) NET SALES 47,873 45,266 6% Cost of Sales (34,681) (32,872) 6% GROSS PROFIT 13,192 12,394 6% Operating Expense (7,825) (6,923) 13% OPERATING INCOME 5,368 5,471 -2% Equity in net income of JVs (23) (19) Finance cost – net (280)
Slide 17: Balance Sheet
Balance Sheet Q1 2026 CY 2025 (Php Millions) (Unaudited) (Audited) Cash & cash equivalents 13,755 11,724 (including Financial assets at FVPL and FVOCI) Other current assets 68,182 65,997 Property, plant, and equipment 71,885 70,605 Other noncurrent assets 34,784 34,723 TOTAL ASSETS 188,606 183,049 C
Slide 18: Divisional Financials (Continuing Operations)
Divisional Financials (Continuing Operations) SALES EBIT EBIT MARGIN (Php Millions) Q1 2026 Q1 2025 YoY Q1 2026 Q1 2025 YoY Q1 2026 Q1 2025 YoY Branded Consumer Foods 32,207 29,678 9% 4,274 4,020 6% 13.3% 13.5% (27) Philippines 21,994 20,058 10% 2,674 2,649 1% 12.2% 13.2% (105) International 10,213
Slide 19: Market Shares
Market Shares Philippines Thailand MARKET MARKET CATEGORY* #1 #2 #3 CATEGORY #1 #2 #3 SHARE SHARE Snacks 31.9% URC 25.7% 6.7% Biscuits 14.8% URC 11.6% 8.6% Candies 24.2% URC 16.4% 12.3% Wafers 24.4% URC 17.2% 7.2% Chocolates** 16.7% URC 13.5% 9.4% Vietnam Biscuits*** 13.6% 29.4% 27.3% UR