Sm Investments Corporation · PSE:SM

Sm Investments — FY2021 Earnings Presentation

15 slides from Sm Investments's earnings presentation, March 2022

  1. Slide 1: FY 2021 Analysts' and Investors' Briefing

    INVESTMENTS - CORPORATION FY 2021 Analysts’ and Investors’ Briefing

  2. Slide 2: SMIC FY 2021 Consolidated Results

    SMIC FY 2021 Consolidated Results = Strong Q4 rebound in consumer spending in Retail and Malls = Banks continued to drive earnings growth * Portfolio Investments contributed 7% of earnings SM Investments FY 2021 Chg Revenues 428.1 9% Earnings 38.5 65% Assets 1,341.6 10% Net Debt:Total Equity 38:62 F

  3. Slide 3: Retail

    Retail = Positive Q4 consumer spending sentiment = Net income growth of 133% driven by sustained Non-Food sales = Net margin expansion to 3.6% = Newchannels represent 10.1% of Non-Food sales SM Retail Revenue Chg NI Chg Total Retail 303.9 2% 9.6 133% SM Store 61.5 18% -0.6 79% Specialty 65.4 9% 44 T

  4. Slide 4: Banking - BDO

    Banking - BDO BDO FY 2021 Chg Net Income 42.8 51% Net Interest Inc. 131.3 -2% Other Income 61.4 11% Loans 2,400.2 6% Deposits 2,820.9 8% NIM 41% NPL 2.8% CET 1 13.5% CAR 14.6% Figures in PHP B except percentages Net income returned to pre- pandemic levels on resilient core business and normalized pr

  5. Slide 5: Banking - China Bank

    Banking - China Bank China Bank FY 2021 Chg Net Income 15.1 25% Net Interest Inc. 38.3 13% Other Income 10.4 3% Gross Loans 609.0 9% Deposits 862.9 3% NIM 4.2% NPL 2.5% CET 1 14.9% CAR 15.7% Figures in PHP B except percentages Net income growth driven by sustained core business growth with effective

  6. Slide 6: Property

    Property SM Prime FY 2021 YoY Total Revenues 82.3 1% Philippine Malls 24.1 2% China Malls (in Ru B) 0.8 20% Residential 45.9 -3% Other Businesses 6.6 4% Reservation Sales 98.9 O% Earnings 21.8 21% Figures in PHP B except percentages Q4 easing of mobility restrictions benefitted Philippine Malls Phil

  7. Slide 7: Expanding Footprint

    Expanding Footprint +294 Retail Stores +305k sqm Mall Gross Floor Area +/3 Bank Branches +11,995 Residential Units All figures are additions for 2021

  8. Slide 8: Vaccine doses

    Vaccine doses Ove r 8 IY) _ administered in 71 SM Malls —_—_ —=—=CcUCUCUC CF ~120k aalCté«C«CUA , SM Employees vaccinated WS \— ny

  9. Slide 9: Disaster Relief Efforts

  10. Slide 10: Recent Commitments

    Recent Commitments

  11. Slide 11: Together / NEO EDGE certification

    c, TOGETHER Z NEO is the first portfolio in the LY world to be certified with the NEO (3) fongua y, ig” PLANET EDGE by the International Finance Corporation.

  12. Slide 12: SM Investments Corporation

    INVESTMENTS CORPORATION

  13. Slide 13: Logistics

    Logistics

  14. Slide 14: FY Results Key Messages

    FY Results Key Messages All businesses remain resilient and ready to take advantage of the economic reopening Strong topline and bottom line growth in Non-food retail Banking delivered sustained core earnings growth, improving NPLs and strong balance sheets Property continues to benefit from increas

  15. Slide 15: FY 2021 Analysts' and Investors' Briefing

    INVESTMENTS - CORPORATION FY 2021 Analysts’ and Investors’ Briefing

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