Aboitiz Equity Ventures Inc. · PSE:AEV
Aboitiz Equity Ventures — Investor Presentation (July 2026)
58 slides from Aboitiz Equity Ventures's investor presentation, July 2026
Slide 1: Investor Presentation
Investor Presentation July 2026 Aboitiz Equity Ventures
Slide 2: Aboitiz Group at a glance
Aboitiz Group at a glance HOLDING COMPANY Listed 53% 50% 100% POWER BANKING FOOD AND BEVERAGE INFRASTRUCTURE PROPERTY Listed Listed 100% DEVELOPMENT 100% FY24 Equity Investment FY24 Equity Investment FY24 Equity Investment FY24 Equity Investment PHP 32b PHP 49b PHP 14b PHP 108b FY24 Equity Investmen
Slide 3: Key milestones and acquisitions
Key milestones and acquisitions Sep 2018 Sep 2021 AEV and ACO sold 25% AboitizFoods and 2% of their stakes in acquired 75% of Jul 2014 GoldCoin for AP to JERA for PHP75/PHP5b (or AboitizFoods acquired USD334m PHP41/sh) 70% of Vinh Hoan Feeds Dec 2016 (1st offshore investment) for AP acquired 66% of
Slide 4: 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 5: 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 6: Snapshot of subsidiary level performances
Snapshot of subsidiary level performances • NIAT contribution to • NIAT contribution to • AboitizFoods’s NIAT • AIC’s NIAT contribution • AEV’s share in Real AEV up by 72% to AEV more than contribution AEV amounted to Estate’s group net PHP4.4b in 1Q26, from doubled to PHP1.9b in increased by 34% Yo
Slide 7: Group beneficial EBITDA up by 33% YoY
Group beneficial EBITDA up by 33% YoY Power remains to be the biggest contributor to AEV, followed by the Food and Beverage segment. Beneficial EBITDA PHPb 18.1 1Q25 1Q26 13.7 10.8 8.0 4.3 3.5 1.9 1.2 0.7 1.1 0.3 0.1 0.1 -0.2 Power Bank Food and Infra Real Estate Parent Total beverage 8
Slide 8: 1Q26 NIAT nearly doubled to PHP6.3b
1Q26 NIAT nearly doubled to PHP6.3b NIAT growth was driven by the topline-driven YoY improvements in the contributions of AP, UBP, AboitizFoods and CCEAP. NIAT PHPb 24,788 6,480 5,468 4,738 17,838 7,221 4,308 4,875 6,306 6,349 3,160 3,186 Statutory EBITDA EBITDA Less: NetLess: Interest Net Expense I
Slide 9: AEV has a strong financial track record
AEV has a strong financial track record The Group’s dynamic but well-balanced portfolio of assets enable AEV to deliver stable beneficial EBITDA and core NIAT despite changes Beneficial EBITDA Core NIAT 72,672 64,492 58,671 49,228 48,907 44,275 26,782 25,512 25,510 20,475 22,120 15,911 18,134 6,349
Slide 10: 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 turnover of CBK asset. PHPm CONSOLIDATED PHPm PARENT LEVEL 31 Dec 2025 31 Mar 2026 31 Dec 2025 31 Mar 2026 Cash and Cash Equivalents 87,753 102,204 Gross Debt 87,923 8
Slide 11: 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% 4.0% ₱1.40 0.43 3.5% ₱1.20 2.7% 2.9% 2.6% 3.0% ₱1.00 2.5% ₱0.80 1.62 1.54 1.47 1.40 2.0% ₱0.60 Based on a third of AEV’s 1.1
Slide 12: Subsidiary Level Updates
SUBSIDIARY LEVEL UPDATES aitiz Po) -
Slide 13: AboitizPower is a leading Philippine energy provider
AboitizPower is a leading Philippine energy provider ● AP generates 1 in 5 MW of installed capacity ● AP, through its retail subsidiaries, holds ● AP owns nine distribution utilities, in the Philippines 27.5% of the PH market share with over including the Philippines’s second and ● AP and its partne
Slide 14: AboitizPower Transition Business Group
AboitizPower Transition Business Group Building the future today by leading the energy transition and ensuring energy security and equity 18 4,127 MW 1 2 4 3 total attributable net sellable capacity as of Dec 2025 facilities Our power generation capabilities extend nationwide: 1. Bataan 5. Cebu 8. M
Slide 15: AboitizPower Renewable Generation Business Group
AboitizPower Renewable Generation Business Group 2 Energizing communities, uplifting lives 1 3 4 5 6 37 2,237 MW* total attributable net sellable capacity as of Dec 2025 7 8 facilities Our power generation capabilities extend nationwide: 1. Ilocos Sur 5. Aguilar and Bugallon, Pangasinan 10. Bukidnon
Slide 16: AboitizPower Distribution Business Group
AboitizPower Distribution Business Group Empowering the evolution of our cities 9 5,114 km2 1 2 utilities total service area 3 1.07mn 6,927 GWh total energy sales (January-December 2025) no. of households 4 Our distribution utilities cover high-growth areas in the country: 1. Zambales 4. Cebu Subic
Slide 17: AboitizPower has a strong financial track record
AboitizPower AboitizPower has a strong financial track record The Company’s financial performance has been on an upward trajectory since 2020. 80 80 25% 73 70 65 21% 20% 20% 60 56 19% 50 50 16% 44 15% 40 33 34 11% 30 10% 10% 26 19 19 Includes PHP13.5b of impairment 20 13 related to the goodwill aris
Slide 18: Generation portfolio
AboitizPower Generation portfolio As of Dec 2025, coal assets account for 53% of our total generation portfolio, down from 61% in Dec 2024. Including CBK, coal assets will account for 49% of the total generation portfolio. Attributable capacity MW 6,363 5,055 Olongapo solar (221MWp) 4,577 660 energi
Slide 19: Progress continues across our renewable energy pipeline
AboitizPower 8 MW Magat BESS 2 Progress continues across our May 2026 12 MW Magat BESS 1 Completion: 99% Commissioned Jan 2024 renewable energy pipeline 95 MWp (75 MWac) Cayanga Solar 20 MW Ambuklao BESS Energized Oct 2023 818 MW* (655 MWac) of the initial Q2 2027 Completion: <1% 159 MWp (130 MWac)
Slide 20: Projects for completion in 2027 onwards
AboitizPower Projects for completion in 2027 onwards: 190 MWac Currimao Solar 50 MWac Magat Floating Solar 2029 2027 A total of 639.5 MWac of GEA capacity was awarded to AboitizPower, with construction 100 MWac Laoag Solar 49.5 MW net Presentacion 2 Wind 2028 already underway for the 49.5 MW Present
Slide 21: 1Q26 beneficial EBITDA grew by 35% YoY
AboitizPower 1Q26 beneficial EBITDA grew by 35% YoY All of AboitizPower’s segments posted growth in 1Q26. The Generation segment, which accounted for 89% of beneficial EBITDA, was the primary driver of this growth. Beneficial EBITDA PHPb 1Q25 1Q26 20.3 The 42% YoY increase in the Generation 18.0 seg
Slide 22: Total energy sold in 1Q26 grew by 30% YoY
Power Generation AboitizPower Total energy sold in 1Q26 grew by 30% YoY Energy volumes sold through BCQs rose 44% year-on-year in 1Q26, bringing contracted volumes to 91% of total energy sales for the quarter. As of Mar 2026, ~90% of our baseload capacity is under contract. Total energy sold GWh 3,1
Slide 23: 37% YoY increase in gross profit was volume-driven
Power Generation AboitizPower 37% YoY increase in gross profit was volume-driven The increase in sales volumes, lower spot market exposure, and higher plant availability drove gross profit in the Power Generation segment up to PHP 19.4b. Gross Profit PHPm 1Q25 1Q26 Generation costs only rose by 15%
Slide 24: One of the leading retail electricity suppliers
AboitizPower One of the leading retail electricity suppliers AboitizPower’s RES segment continues to be one of the biggest suppliers, with a market share of 26.45% as of the latest CREM Report. AP RES Market Share Customer Type* MW Agriculture AP 2% Utilities Others 26% 3% 17% Residential Supplier 4
Slide 25: Power sales from the DU segment rose by 6% YoY
AboitizPower Power sales from the DU segment rose by 6% YoY EBITDA contribution from the Distribution segment for 1Q26 rose by 11% to PHP2.3b Volume sales GWh; beneficial basis 6,927 6,631 6,157 5,785 5,583 31% Residential - 529 GWh (+6% YoY) 69% 1,707 Commercial, Industrial and Others - +6% YoY 117
Slide 26: 1Q26 NIAT 71% higher YoY
AboitizPower 1Q26 NIAT 71% higher YoY Strong EBITDA translated into NIAT of PHP7.9b, significantly higher by 71%. NIAT PHPm 1Q25 1Q26 20,317 5,141 4,484 5,069 15,018 1Q26 EPS: PHP1.10/sh (+71% YoY) 1Q25 EPS: PHP0.64/sh 4,229 2,538 7,569 7,908 1,595 4,710 4,617 EBITDA Less: Net interest Less: Depreci
Slide 27: M&A-driven increase in leveraging
AboitizPower M&A-driven increase in leveraging Even with incremental borrowings for AboitizPower’s investments in Chromite, CBK and its renewable energy expansions, net debt to equity remains manageable at 1.32x. PHPm CONSOLIDATED 31 Dec 2025 31 Mar 2026 Cash and Cash Equivalents 58,932 73,867 Inves
Slide 28: Consistent dividend payout
AboitizPower Consistent dividend payout Consistent with its dividend policy, AboitizPower has declared regular dividends of PHP1.35 per share, along with a special dividend of PHP 0.93 per share , implying a yield of 5.2%. Dividend Yield ₱2.50 7.0% PHP per share 6.1% 5.2% 5.7% 6.0% ₱2.00 4.9% 0.93 5
Slide 29: UnionBank is a universal bank providing commercial products and services
UNIONBANK Strictly private and confidential UnionBank is a universal bank providing commercial products and services. • Domestic asset market share of 4.2% based on consolidated assets base of PHP1.2tn • Domestic network of 383 branches, 423 on-site and 171 off-site ATMs • Retail customer base of 18
Slide 30: UnionBank's financial highlights
UNIONBANK Strictly private and confidential UnionBank’s financial highlights Strong presence in the retail segment drives net interest income growth. Net interest income NIAT 64.2 58.0 52.0 38.9 29.8 12.6 12.7 12.0 9.2 10.0 16.8 3.8 FY21 FY22 FY23 FY24 FY25 1Q26 31
Slide 31: Sustained topline growth driven by customer expansion and margin improvement
UNIONBANK Sustained topline growth driven by customer expansion and margin improvement Customer Growth Net Interest Margin (in #, Mn) 8% YoY 34 bps 18.6 18.9 6.4% 6.4% 6.7% 17.0 17.6 6.0% 14.8 5.5% 4.6% 4.8% 12.1 10.2 4.4% Industry* 2021 2022 2023 2024 2025 3M25 3M26 2021 2022 2023 2024 2025 3M25 3M
Slide 32: UnionBank 1Q26 net income at P3.8 Bn
UNIONBANK UnionBank 1Q26 net income at P3.8 Bn 1Q26 net income ended at P3.8Bn, up 9% QoQ and 167% YoY Earnings momentum from 2H25 continued into 1Q26, growth was driven by core operations, despite trading losses from market volatility Current performance reflects the benefits of actions taken in 20
Slide 33: NIM expansion driven by lower funding costs
UNIONBANK NIM expansion driven by lower funding costs Net Interest Net Interest Margin Income Cost NIM Yield YoY (in PHP, Bn) 8.6% 8.6% 8.5% 8.5% 8.5% 11bps 0% QoQ 6.3% 6.4% 6.4% 6.4% 6.7% 34bps 9% YoY 16.7 16.8 16.8 15.9 16.2 -2.0% -1.8% 45bps 15.4 15.4 -2.2% -2.1% -2.1% 3M25 6M25 9M25 FY25 3M26 An
Slide 34: Growth is driven by institutional, credit cards and salary loans
UNIONBANK Growth is driven by institutional, credit cards and salary loans Gross Loans, OSB Loan Mix (in PHP, Bn) Industry’s Consumer Loans ~ 23% Institutional Retail (Parent) CSB, UD, Other Subs Based on 9M25 BSP Data 8% YoY Cards, 24% 3% QoQ 565 548 Consumer, 522 533 533 Institutional, Yo 60% Sala
Slide 35: Cost to Income shows improving trend
UNIONBANK Cost to Income shows improving trend Operating Expense Cost-to-income Ratio (in PHP, Bn) 0% QoQ 8% YoY 12.4 12.5 12.5 59% 11.8 12.1 59% 59% 11.5 11.5 58% 57% 1Q25 2Q25 3Q25 4Q25 1Q26 3M25 3M26 3M25 6M25 9M25 FY25 3M26 Quarter-to-Date Year-to-Date Annualized Year-to-Date 36
Slide 36: Credit cost has stabilized
UNIONBANK Credit cost has stabilized Credit Cost – Annualized (Year-to-date) Parent Subsidiaries 67bps 4.3% 4.2% 3.9% 3.9% 0.8% 0.9% 0.8% 3.2% 1.2% 0.5% 3.4% 3.4% 3.1% 2.7% 2.7% 3M25 6M25 9M25 FY25 3M26 37
Slide 37: Sufficient capital ratios to support growth and current landscape
UNIONBANK Sufficient capital ratios to support growth and current landscape Common Equity Tier 1 Capital Ratio Common Equity Tier 1 Capital Ratio Group (CET1) Parent (CET1) 14.9% 14.9% 15.1% 15.0% 14.6% 14.9% 15.1% 15.0% 13.8% 14.0% Regulatory Regulatory Minimum Minimum 8.5% 8.5% 3M25 6M25 9M25 FY25
Slide 38: AboitizFoods' financial highlights
AboitizFoods AboitizFoods’ financial highlights Earnings recovery is mainly driven by softening commodity prices. EBITDA NIAT EBITDA, at segment level 9.9 PHPb FY21 FY22 FY23 FY24 FY25 1Q26 Agribusiness 3.2 3.6 3.8 5.8 6.3 1.8 Food & Nutrition 1.6 0.7 -0.1 1.7 3.3 0.7 7.8 Others 0.2 0.3 737 0.3 0.2
Slide 39: AboitizFoods
AboitizFoods AboitizFoods — = ae = | Foo igo abaga piltdico e }NewaRano EXISTING pilsico arb BRAND Livestoric Livestoric Feed Safety Hard Wheat Live Hogs Categories Poultry Poultry Immunity Soft Wheat Carcass Aqua Aqua Digestibility Specialty Eggs Gamefowl Ruminant Farm Management Songbird Premix Ca
Slide 40: Sustained revenue growth across core segments
AboitizFoods Sustained revenue growth across core segments The 15% YoY increase in volumes across most divisions in 1Q26, led by strong growth in Agribusiness and Trading, drove revenues to PHP25.1b, up 19% YoY. This reflects sustained demand across the portfolio. Volume Revenue ‘000 MT PHPm 21,126
Slide 41: Broad-based operating strength drives EBITDA expansion
AboitizFoods Broad-based operating strength drives EBITDA expansion Topline-driven revenue growth translated to 1Q26 EBITDA of PHP2.5b, up 20% YoY. Improving margins in the Flour, Trading, and Agribusiness segments offset the continued pressure in Farms from softer pricing and elevated production co
Slide 42: NIAT growth reflects strong execution and financial discipline
AboitizFoods NIAT growth reflects strong execution and financial discipline 1Q26 NIAT improvement is underpinned by strong operating results and improved financial efficiency. Profitability per MT remained broadly stable YoY, while the bottom line continued to benefit from lower financing costs aris
Slide 43: From Integration to Acceleration: The Next Chapter of the Aboitiz Real Estate Group
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
Slide 44: Diversified portfolio of real estate solutions under a unified platform
Aboitiz Real Estate Group 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 45
Slide 45: 1Q26 Results Highlights
Aboitiz Real Estate Group 1Q26 Results Highlights • The Aboitiz Real Estate group (ARE) recorded a net 1Q26 Results loss of PHP 48 m in 1Q26 as lower Economic PHPm Estates (EE) revenue recognition offset the improved performance of the Residential segment. 1,003 934 1Q25 1Q26 • Residential posted st
Slide 46: Lower 1Q26 revenue due to base effects in EE
Aboitiz Real Estate Group Lower 1Q26 revenue due to base effects in EE; Residential and leasing provided offset 1Q26 revenue reflected EE’s milestone-based recognition cycle. Residential’s continued focus on higher-quality accounts and EE’s stronger leasing growth supported the topline performance.
Slide 47: Demand indicators for EE continue to remain strong
Aboitiz Real Estate Group Demand indicators for EE continue to remain strong Despite macroeconomic volatility and a typically slower 1Q, reservation sales in 1Q26 for industrial lots rose by 64% YoY to PHP492m, reflecting sustained brand momentum and continued strengthening of its position as a trus
Slide 48: Reduced interest expense helped cushion NIAT
Aboitiz Real Estate Group Reduced interest expense helped cushion NIAT Despite EBITDA declining by 51% YoY, the impact on NIAT was less pronounced, declining only by 35%, as lower interest expenses helped cushion the impact of the EBITDA decline. EBITDA NIAT 51% PHPm PHPm 83% 285 236 10% 50 23 7% 10
Slide 49: Residential: From strong delivery of existing projects to Estate-integrated growth
Aboitiz Real Estate Group Residential: From strong delivery of existing projects to Estate-integrated growth, completing the end-to-end township ecosystem Near-term priority: Focused delivery and Next chapter: Expanding housing solutions successful completion of existing projects within the Economic
Slide 50: LIMA: From Industrial Hub to Industry-Anchored Township
Aboitiz Real Estate Group LIMA: From Industrial Hub to Industry-Anchored Township, sustained locator activity driving CBD emergence LIMA Industrial Hub LIMA BizHub 31 active locators Batangas’ 1st CBD powered by industry Higher operating locator count is expected to drive jobs, foot traffic, and acr
Slide 51: From LIMA to TARI: Scaling a proven Industry-Anchored Township platform
Aboitiz Real Estate Group From LIMA to TARI: Scaling a proven Industry-Anchored Township platform into the next growth frontier in the North Bookending the Luzon Economic Corridor, the EE platform is positioned to capture demand from established manufacturers in the South and the emerging industrial
Slide 52: TARI: From Plan to Execution
TARI: From Plan to Execution – Anchor Investments, On-Ground Activity, and Footprint Expansion Accelerating Momentum Anchor Locator Construction JV Expansion Enabling Infrastructure Coke and Ajinomoto in House of Investment Main spine road full swing construction JV agreement signed connection under
Slide 53: AIC continues to grow across key infrastructure sectors
Aboitiz InfraCapital AIC continues to grow across key infrastructure sectors 1.2M pax Passenger Traffic 4.5M pax 1.4M pax Domestic Traffic International Traffic +10% Yo Y 107% of 2019 levels +0% Yo Y 73% of 2019 lev els 1.2M pax Passenger Traffic 330k Dec 2025 Households served Total Tenancies* 8.2
Slide 54: Sustained revenue growth across all segments
Aboitiz InfraCapital Sustained revenue growth across all segments Growth was led by the Airport segment, which was complemented by steady performance in water and digital infrastructure Revenue PHPm 1Q25 1Q26 YoY Remarks PHPm Airports 1,242 1,801 45% Overall foot traffic rose by 13% YoY in 1Q26. Bul
Slide 55: Beneficial EBITDA rose to PHP1.4b in 1Q26
Aboitiz InfraCapital Beneficial EBITDA rose to PHP1.4b in 1Q26 EBITDA growth mirrors revenue momentum, while margins remained stable at 57%. EBITDA PHPm 1Q25 1Q26 1,387 Reflects 17% YoY increase in MCIA traffic 1,056 930 730 Growth attributed to Driven by effective ongoing tower cost controls expans
Slide 56: Top-line driven earnings momentum
Aboitiz InfraCapital Top-line driven earnings momentum Turnaround from the recorded net loss in the same period last year. NIAT PHPm 1Q25 1Q26 128 30 -32 -28 -37 -49 -49 -57 -75 -230 Airports Water Digital Infra Corporate expenses Total Note: Consolidated figures shown excludes Economic Estates 57
Slide 57: CCEAP's reported revenue grew by 12% YoY
CCEAP CCEAP’s reported revenue grew by 12% YoY Revenue growth in 1Q26 was predominantly volumes-driven. 78% market share Non-alcoholic sparking softdrinks segment • Growth momentum was mainly driven by the 10% YoY growth in volumes. • Volume growth was driven by higher selling days, as well as effec
Slide 58: LEVATOR
aboitiz | 2) e12028 - Together we are building the Philippines’ first techglomerate
Aboitiz Equity Ventures — Investor Presentation (July 2026) on 6ix