Aboitiz Equity Ventures Inc. · PSE:AEV
Aboitiz Equity Ventures — FY2025 Earnings Presentation
31 slides from Aboitiz Equity Ventures's earnings presentation, Mar 9, 2026
Slide 1: FY/4Q 2025 Earnings Results Briefing
FY/4Q 2025 Earnings Results Briefing
Slide 2: Disclaimer
Disclaimer This presentation and the information contained herein (this "Presentation") are the sole and exclusive property of Aboitiz Equity Ventures (“AEV”) and shall only be used for the purpose intended herein and may not be used, published or redistributed without the prior written consent of A
Slide 3: Notice
NOTICE This briefing will be recorded. By joining this session, you consent to your name, voice, image and chat comments being recorded for use and dissemination. A copy of this briefing will be uploaded on our website (www.aboitiz.com)
Slide 4: AboitizFoods
AboitizFoods
Slide 5: FY25 Results highlights
FY25 Results highlights FY25 Results ● Revenue growth of 6% YoY was driven by robust PHPm volume expansion across all segments, which helped mitigate the impact of pricing FY24 FY25 normalization 93,198 88,180 ● EBITDA climbed 27% YoY to PHP 9.9 billion with a robust Q4 contributing PHP 3.0 billion.
Slide 6: Volume-Led Growth Under Normalizing Prices
Volume-Led Growth Under Normalizing Prices The Group delivered 10% year-on-year volume growth across all divisions. Revenue increased 6%, reflecting price normalization amid steady demand conditions. Volume Revenue ‘000 MT PHPm 88,180 93,198 20,788 21,126 2,714 2,981 21,701 22,234 22,900 24,519 22,7
Slide 7: EBITDA Growth Supported by Margin and Operational Execution
EBITDA Growth Supported by Margin and Operational Execution EBITDA increased 27% year-on-year, driven by improved consolidated margins and volume growth. Higher market hog output supported improved performance in Farms, while Trading and Meats demonstrated operational recovery. Flour and Agribusines
Slide 8: Operating Performance and Financial Discipline Support NIAT Growth
Operating Performance and Financial Discipline Support NIAT Growth The Group delivered a solid year-on-year improvement in net income, underpinned by stronger operating results and improved financial efficiency. Lower working capital borrowings, supported by improved operating cash flows further bol
Slide 9: The Aboitiz Real Estate Group
The Aboitiz Real Estate Group President & CEO The The Aboitiz Aboitiz Real Real Estate Estate Group Group 38
Slide 10: From Integration to Acceleration: The Next Chapter of the Aboitiz Real Estate Group
From Integration to Acceleration: The Next Chapter of the Aboitiz Real Estate Group Integration creates a clearer competitive edge Trust & Credibility Ecosystem Advantage as a reliable partner to enables communities where industry, industries and communities people service can thrive together Scale
Slide 11: Diversified portfolio of real estate solutions under a unified platform
Diversified portfolio of real estate solutions under Industrial Lots a unified platform for Sale Commercial Leasing Commercial Lots for Sale Industrial Residential Residential Leasing Leasing Units for Sale 40
Slide 12: FY25 Results Highlights
FY25 Results Highlights FY25 Results ● The Aboitiz Real Estate Group closed 2025 with PHPm consolidated revenues of PHP 10.2b, down 7% YoY. ○ Beneath the headline decline, Economic Estates 10,904 Margin FY24 FY25 (EE) delivered resilient growth and 10,156 outperformed industrial-led peers amid soft
Slide 13: Resilient Economic Estate growth amid residential strategy realignment
Resilient Economic Estate growth amid residential strategy realignment, with increasing revenue diversification EE revenues rose by 4% YoY supported by continued industrial lot demand and increasing contribution from commercial leasing. Residential revenues declined by 23% YoY due to clean-up of non
Slide 14: Industrial lot sales outperformed peers despite a volatile environment
Industrial lot sales outperformed peers despite a volatile environment, while the planned tapering of residential inventory underpinned overall sales performance Reservation Sales PHPm ECONOMIC ESTATES 3,500 47 ha Secured 9 new industrial locators 50 in 280 2025 (in-line with 2024); total area 3,000
Slide 15: Strong Economic Estates performance supported resilient margins
Strong Economic Estates performance supported resilient margins as the combined platforms reposition for integrated growth EE EBITDA and NIAT expanded YoY, which helped slightly offset weaker Residential performance. While the consolidated EBITDA dropped by 3% YoY, and NIAT declined by 10% YoY, the
Slide 16: Economic Estates: A Scalable Platform for Long-term Growth
Economic Estates: A Scalable Platform for Long-term Growth The Economic Estates create the demand engine that drives the entire real estate platform Positioned across key growth corridors 2,070 260 HECTARES LOCATORS ▲ 125% ▲ 333% vs 2013 vs 2013 $2.3Bn 100K EXPORT VALUE GENERATED JOBS ▲ 51% ▲ 81% vs
Slide 17: Aboitiz InfraCapital
Aboitiz InfraCapital Enabling Businesses. Uplifting Communities. Cosette Canilao President & CEO Aboitiz InfraCapital
Slide 18: FY25 Results highlights
FY25 Results highlights ● 2025 consolidated revenues grew 97% year-on-year FY25 Results to PHP7.7b, while EBITDA increased by 135% PHPm to PHP4.2b These were driven by the full-year contribution of FY24 FY25 7,701 Mactan-Cebu International Airport following its full acquisition in October 2024, supp
Slide 19: All segments delivered robust revenue growth across portfolios
All segments delivered robust revenue growth across portfolios Revenue doubled year-on-year, led by growing airport operations, and steady performance in water and digital infrastructure PHPm FY24 FY25 YoY Remarks AIC assumed full ownership of MCIA on Oct 2024 (from 33% previously) Revenue PHPm MCIA
Slide 20: Beneficial EBITDA rose to PHP4.2b for FY25
Beneficial EBITDA rose to PHP4.2b for FY25 EBITDA growth outpaced revenues (+135%) while margins improved (+10 ppts) YoY due to effective cost controls EBITDA PHPm Reflects full contribution from MCIA, vs FY24 FY25 33% stake in Uplift due to full 4,217 2024 operations of Apo Agua (which EBITDA growt
Slide 21: Net loss driven by financing costs from capital structure optimization
Net loss driven by financing costs from capital structure optimization Revenue and EBITDA growth offset by higher financing costs and concession asset amortization. Core NIAT improved by 38% YoY NIAT PHPm FY Core NIAT is -PHP471m vs -PHP756m in FY24. FY24 FY25 24 -198 -214 -233 -261 -262 -339 Includ
Slide 22: Aboitiz Equity Ventures
aboitiz Equity Ventures Toto Hilado 0) Aboitiz Equity Ventures
Slide 23: Key milestones and acquisitions in 2025
Key milestones and acquisitions in 2025 2025 saw the operational turnover of strategic assets acquired in 2024. Apr 2025 Laguindingan airport was officially turned over to AIC Jul 2025 Thunder Consortium was the Dec 2025 Sep 2024 Nov 2024 Jun 2025 highest bidder for CBK. Financial close the asset AI
Slide 24: Advancing on our diversification strategy
Advancing on our diversification strategy In 2020, the Aboitiz Group set a goal to increase the contribution of its non-power businesses to 50% of beneficial EBITDA by 2030. As of December 2025, these segments contribute 42%, a significant increase from 32% in 2020. 2020 2030 Real Estate, 1% Infrast
Slide 25: Group beneficial EBITDA up by 13% YoY
Group beneficial EBITDA up by 13% YoY EBITDA increased due to higher contributions from almost all strategic business units. Beneficial EBITDA PHPb Power remains to be the biggest contributor to AEV, followed by the Food FY24 FY25 and Beverage segment. 72.7 2024 2025 PHPb YoY 64.5 1Q 2Q 3Q 4Q FY 1Q
Slide 26: CCEAP achieves record-high market share in CSD
CCEAP CCEAP achieves record-high market share in CSD Full-year NIAT contributions from CCEAP, which AEV acquired in Feb 2024, reached PHP2.4b in 2025, 47% higher YoY. 77% market share +2 ppt YoY; non-alcoholic sparkling beverage segment • The 3% YoY increase in FY25 revenues was driven by the 2% inc
Slide 27: FY25 NIAT is flat YoY
FY25 NIAT is flat YoY The strong performance of the Food and Beverage segment helped offset higher depreciation and interest expenses from the Power and Infrastructure segments, along with provisions from the Bank. NIAT The increase in interest expense was primarily driven by AP’s borrowings for PHP
Slide 28: Consistent dividend payout
Consistent dividend payout AEV declared total cash dividends of PHP1.53 pesos per share, which implies a yield of 5%. Dividend per share PHP/sh ₱1.80 4.6% 4.7% 5.0% ₱1.60 4.5% Additional 4.0% dividends were ₱1.40 0.43 declared, effectively offsetting the 3.5% ₱1.20 2.9% impact of AEV’s PHP7.1b share
Slide 29: Balance sheet remains primed for expansions
Balance sheet remains primed for expansions Growth in consolidated asset base is attributable to ongoing expansions in Power and the full transfer of ownership of MCIA in October 2024. PHPm CONSOLIDATED PHPm PARENT LEVEL 31 Dec 2024 31 Dec 2025 31 Dec 2024 31 Dec 2025 Cash and Cash Equivalents 81,79
Slide 30: FY25 CAPEX reached PHP132.3b
FY25 CAPEX reached PHP132.3b The 72% YoY increase in CAPEX was driven by AboitizPower and AIC. FY25 CAPEX deployment PHPb ~75% of AP’s FY25 CAPEX deployment FY26 Capex Budget were for its investments in Chromite PHPb and CBK. 132.3 117.7 Parent, 4.1 Real Estate, 6.3 Infrastructure, 8.8 76.5 Food, 5.
Slide 31: Together we are building the Philippines' first techglomerate
aboitiz 2" T2028 => Together we are building the Philippines’ first techglomerate
Aboitiz Equity Ventures — FY2025 Earnings Presentation on 6ix