Gt Capital Holdings, Inc. · PSE:GTCAP
Gt Capital — FY2021 Earnings Presentation
49 slides from Gt Capital's earnings presentation, Mar 29, 2022
Slide 1: Full-Year 2021 Financial and Operating Results Briefing
Full-Year 2021 Financial and Operating Results Briefing via Zoom Tuesday, 29 March 2022 2:30PM For more information, Visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph
Slide 2: Full-Year 2021 Macroeconomic Overview
GT CAPITAL Full-Year 2021 Macroeconomic Overview
Slide 3: Macroeconomic Overview: PHL economy on the road to recovery
Macroeconomic Overview PHL economy on the road to recovery GDP 5.6% +y 2021 = 5.6 5.5 6.0 6.4 5.1% FY 2021 (consensus) -9.5% FY 2020 GDP (Quarterly %YoY) 12.0 7.7 6.9 + Consumption +7.5% * Government Exp +7.4% + Investment +12.6% + Imports +13.7% + Exports +8.3% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q
Slide 4: Macroeconomic Overview: Inflation
Macroeconomic Overview & PHL economy on the road to recovery ST CADITaL H i CPI expected to increase Inflation = 52% SShnonn Apr-May 2021: lower tariffs 5 onan Fv22 Est | New | Prov | 3.0 % BSP 4.3% 3.7% February year-to-date 44% : 4.2% Consensus 3.5% 3.5% + Expected to rise due to: MBT Research 3.4
Slide 5: BSP Policy Rate
BSP Policy Rate 2.00% Overnight Reverse Repurchase Rate Unchanged 10Yr BVAL 5.58% as of March 25, 2022 3.50% 4.00% 4.00% -@-BSP Policy Rate @-10Yr BVAL Peaked in 2018 <— 7.06% along with inflation 3.00% 5.72% 2.00% 2.00% 2.00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 Mar-22 OFW Remittances (In U
Slide 6: 2022 Philippines COVID Updates
& 2022 Philippines COVID Updates ar camrar Daily COVID-19 Cases (7-day average) as of March 27, 2022 . Daily new cases down to 333 as of Mar. 26 vs. peak of 38,473 in Jan. 10 * Quarantine restrictions eased: o Jan. 3 to 31: Alert Level 3 o Feb. 1 to 28: NCR Alert Level 2 o March 1 to 30: Alert Level
Slide 7: Vaccine donations
8,020 AstraZeneca vaccines to the N lz akat ti and ¢ and Red ¢ ral Trias LGUs 55,000 Moderna vaccines to the P Mariki , avite
Slide 8: Consolidated Financial Highlights
GT CAPITAL Consolidated Financial Highlights GT CAPITAL LDINGS INCORPORATED
Slide 9: GT Capital Financial Highlights FY 2021
GT Capital Financial Highlights FY 2021 Consolidated Php11.0 Billion +68% Core Php11.0 Billion +48% Net Income Php6.5 Billion FY 2020 1 YoY Net Income Php7.4 Billion FY 2020 YoY Operating Income Revenues Gross Premium Reported N.I. Revenues P100.9B -17% P10.4B +12% P43.2B +19% P10.1B +113% P131.3B +
Slide 10: GT Capital Approaching Pre-COVID Levels
& ST. CAPITAL GT Capital Approaching Pre-COVID Levels Gi ST.CAP TAL Looking back * Group preserved resources, had significant gains despite reduced mobility * FY 2021 Net Income growth for most component companies: Metrobank +60%, TMP +82%, Federal Land +57%, AXA -22%, MPIC +20% FY 2021 Core Net 201
Slide 11: Group ownership structure
TFSPH TMBC ya TFSPH TMBC 0.6% 0.2% GTCAM 3.89 2.0% 0.6% MBT + TMP = 75.8% MBT + TMP = 75.6%
Slide 12: Net income by sector
Infrastructure 10.8% Property Automotive 6.6% Property 19.6% 7.0% Infrastructure 8.2%
Slide 13: GT Capital Net Income by Sector
GT Capital Net Income by Sector Insurance Insurance Infrastructure 3.8% Infrastructure 3.0% 10.8% 9.0% Property Automotive Automotive 6.6% 23.8% 20.0% 6.6% Banking Property Banking 55.1% 22.0% 46.0% Actual 2021 2022 Estimate 16
Slide 14: Resilience Amidst Adversity: Component Company Highlights
Resilience Si 4 Nl | Amidst Adversity GT CAPITAL Component Company Highlights ercaniral HOLDINGS INCORPORATED
Slide 15: Metrobank Financial Highlights FY2021
@ Metrobank & Metrobank Financial Highlights FY2021 Gross Loans (Php B) m % Commercial % Consumer -1% YoY 1,297 1,279 23% 21 771% tee Corp. tee SME FY2020 FY2021 Mix of Commercial Loans (In %) Recovery driven by working capital loans Long Term (>1 year) m= Short Term (Up to 1 Year) 31% 32% +7% YoY ,
Slide 16: Summary of Key Messages
rz) —— & ST. CAPITAL Summary of Key Messages _ Metrobank achieved earnings growth at +60% in 2021. NPL management enabled the Bank to lower provisions from Php41B to Php12B. Healthy growth in service and trust fees to Php15.1B +15% Early signs of recovery in corporate loan demand (+8% as of 4Q) and
Slide 17: Metrobank awards
& Metrobank a You're in good hands 7 Best Domestic Bank ¥ in the Philippines “Asia Money Best Bank Awards 2021 The Strongest Bank —[——> > in the Philippines , The Asian Banker ——— Strongest Banks 2021
Slide 18: Property Industry Highlights
Property Industry Highlights Gp GT CAPITAL HOLDINGS INCORPORATED 21
Slide 19: Residential Supply and Demand FY 2021
AFepea.Lavn AP GT CAPITAL Residential Supply and Demand FY 2021 Metro Manila Residential Condominium Supply and Demand mLaunches (Supply) m™ Pre-sales (Demand) 60,000 53K thie 50,000 42k43Kk 42 40,000 33K33 34K | ‘ 33K33K sak 31K “e 30,000 - 28K) 22K 20,000 ~ 10,000 0 2015 2016 2017 2018 2019 2020 i
Slide 20: Office Supply and Demand FY 2021
Office Supply and Demand FY 2021 Metro Manila Office Supply, Demand, Vacancy Rate @ Office Supply (Incremental) Office Take-up (Incremental) —— Vacancy Rate (Cumulative) 15.6% 17.9% 6.0% 3.0% 6.0% 5.3% 4.9% 12 4 Lis 1.0 10 - 0.9 0.9 0.8 | 0.63 0.6 0.6 : Dog 0.6 0.6 ass = £04 << ol 902 - 0.13 0.0 , 2
Slide 21: Financial Highlights
Financial Highlights Gi GT CAPITAL HOLDINGS INCORPORATED 24
Slide 22: Federal Land Financial Highlights FY 2021
jrepreacLann Aa? GT Monthly Reservation Sales (Php M) Reservation Sales Mix —e 2020 2021 Federal Land Financial Highlights FY 2021 w fo) Luxury P14.2 B P10.6 B , High FY 2020 FY 2021 : =m Mid 4Q +93% O15 91 645 700 . a —s @ Lump Sum Others = Ne 2 1,386 1,284 1,331 1,304 4 203 aha” bg 1,060 956 1,127
Slide 23: Summary of Key Messages
Summary of Key Messages * Higher contractor workforce mobility, vaccination, and on-site deployment resulted in higher POC, efficient turnover of completed units, and improved collections. * Higher booked sales and equity in net income of JVs (POC growth) resulted in a +57% net income growth in 2021
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Slide 25: AXA Financial Highlights FY 2021
AXA Financial Highlights FY 2021 Life APE Product Mix (In %) Key Messages Life 0% 1% RP-UL • Strong performance in Life Insurance. APE +19% 27% 45% 34% 41% P&H Single Premium Unit Linked (SP-UL) APE SP-UL +50% 28% Clients bargain hunting in capital markets* 24% Others • Net income declined -2% d
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Slide 27: Key Messages (MPIC)
Key Messages Energy Sales PH Average Daily Traffic * MPIC: FY2021 Core Income increased by +6% +24% 20% driven by improved traffic and higher Core Income Core Income electricity volume. +13% +45% * Meralco: Increase in Core income was Maynilad Light Rail Manila driven by a 6% increase in total energ
Slide 28: Toyota Automotive Industry Highlights
P TOYOTA Automotive Industry Highlights
Slide 29: Toyota Motor Philippines results
GT CAPITAL Revenues || WholesaleVolume |} MarketShare * . units * 46.3% Net Income Retail Sales Volume 129,667 seeatlidaiiaitl a a ee P6.0B +82% units +30% (vs 41.3% in 2020) Ox: Ore: @.-21. Philippine Department of Trade and Industry November 2021
Slide 30: TMP achieves Two Million Units Sales
Milestone & TOYOTA TMP achieves Two Million Units Sales
Slide 31: Automotive Industry Highlights FY 2021
Automotive Industry Highlights FY 2021 Ge & TOYOTA GT CAP! Industry Monthly Retail Vehicle Sales (In ‘000 Units) Retail Vehicle Sales -@2021 -@2020 -2019 re) 27,9 280,338 Units 23.0 23.5 225 ms ee 6 8 % +15.9%yYoy of FY 2019 vs. 241,924 FY 2020 — — 4 (pre-pandemic) Jan Feb Mar Apr May Jun Jul Aug Se
Slide 32: Toyota remains dominant
TOYOTA Toyota remains dominant Overall Market Share as of FY 2021 46.3% inry 2021 41.3% m@ FY2021 m FY2020 No.1 No.1 Passenger Commercial Car Sales Vehicle Sales CONSECUTIVE TRIPLE CROWN GT CAPITAL 2021 Global Toyota Sales Performance Ranking PHILIPPINES 12th (from 14 in 2020) No.1 Overall Sales 13.
Slide 33: YoY Sales Growth
YoY Sales Growth 62% Subcompact PC Segment Share FY 2021 +26% YoY Sales Growth 39% MPV Segment Share FY 2021 Ramping up production Capacity in Toyota Sta. Rosa Assembly Plant 48,758 units assembled 2021 VS +38 YoY 35,230 units assembled 2020 CBU CKD 38% 62% FY2021 36% 64% FY2020 CKD/CBU Mix FY2021 S
Slide 34: CARS Unit Sales Progress
CARS Unit Sales Progress @ Ejstsaemt FIS claim of Php958 Million 107,283 Units credited to TMP account Sales of Vios since launch of CARS in November 2021 Program model - July 2018 to , \ December 2021
Slide 35: First round of the ENEOS Super Taikyu Series
First round of the ENEOS Super Taikyu Series &) March 20, 2022 TOYOTA © Mr. Akio Toyoda President of Toyota Motor Corporation
Slide 36: Model launches
wos FE WARIs FS INNOLA March July February October October December Source: TMP
Slide 37: Industry vs Toyota sales Jan-Feb 2022
24,458 20,887 9,877 12,243 Jan-22 Feb-22 @ Industry Toyota Source: TMP
Slide 38: Lexus Target
Lexus Target 1.0 Million Global Sales of Battery EVs by 2030 Lexus Target 100% Battery EVs Percentage of vehicle sales by 2035 SUSTAINABLE DEVELOPMENT GOALS
Slide 39: Environmental Challenge 2050 hybrid models
TOYOTA & x44 ENVIRONMENTAL CHALLENGE 2050 RAV4 2.5L HEV CVT Launched Feb. 2022 COROLLA ALTIS 1.8 V CVT 9% of total FY 2021 CAMRY 2.5V HEV 94% of total Dec. 2021 COROLLA CROSS HV 41% of total FY 2021 @© Hybrid 14% of total Fy 2021 IS 300h 52% of total FY 2021 RX 450h 29% of total FY 2021 NX 300h 25%
Slide 40: Automotive Sector Summary of Key Messages
Automotive Sector &) Summary of Key Messages TOYOTA | Despite the re-imposition of ECQ in March and August, TMP delivered strong results in 2021 Toyota outperformed the auto market in 2021 with sales of 129,667 units and market share of 46.3% Launched six models in 2021 and another three models in 1
Slide 41: Moving Forward
GT CAPITAL Gi; ‘al GT CAPITAL Moving Forward A SLSanmal
Slide 42: Partners For Good: JV with Nomura Real Estate
Partners For Good: JV with Nomura Real Estate 23 July 2017 28 January 2022 Federal Land and Nomura Real Estate JV Federal Land-Nomura Real Estate solidify strategic alliance 60% 20% 20% 66% 34% JV Agreement Anchor • Php32B (property and cash) • Php16B cash over next 2 years Tenant infusions over nex
Slide 43: Nomura Real Estate
Nomura Real Estate * Established 1957 in Tokyo, Japan * Largest real estate developer in Japan in terms of condominium unit turnover as of 2021 + Fifth largest in consolidated sales as of 2020 * Diverse range of real estate businesses across Japan: residential condominium and detached housing, offic
Slide 44: Federal Land NRE Global Inc.
Federal Land NRE Global Inc. Four areas of land development Total area of 250 hectares ae tro Park, Scheduled to start operations in April 2022 Expected to create 6,000 job opportunities within the first five years of operations Launch of projects in Metro Manila is slated for mid-2023, while Cavite
Slide 45: NRE JV Impact
NRE JV Impact ° Federal Land's investment will be a combination of cash and property infusions over the next two years * Subsequent property sales by GT Capital to FNG will form part of the 250 hectares by 2023 * Land revalued at RNAV. Fair Market Valuation based on reports from accredited appraisal
Slide 46: Federal Land NRE Global Landbank
Federal Land NRE Gl 250 has. Land&arik | 4 areas of land development 118.02 has. Landbank* 13 On-going, 65 Completed Projects Metro Manila Macapagal Py Guezon city Kalaw, Manila egy Marikina Ermita, Manila SS Fort Bonifacio Exot, Manila ie t Mandaluyong-( 2 I Makati / y ~S<1_| BirlaLaguna Binondo "
Slide 47: Enhanced ESG Practices
Enhanced ESG Practices ESG RATINGS PERFORMANCE MSCI ESG Sustainalytics S&P CSA BBB (Average) 14.2 (Low Risk) 37 An integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creatio
Slide 48: What to Expect in 2022
What to Expect in 2022 • Loan Growth • Recovery in NIMs • CAPEX for Digital Initiatives • Return to pre-COVID Volumes • Healthy Fee Income • New Project Launches • New Mainstream, GR, Hybrid Models • CARS Program Incentives • Managed Costs • Stable POC • Mobility Initiatives • Stable Asset Quality •
Slide 49: Thank You!
Thank You! Full-Year 2021 Financial and Operating Results Briefing via Zoom Tuesday, 29 March 2022 2:30PM For more information, Visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph