Alliance Global Group Inc. · PSE:AGI
Alliance Global — H1 2025 Earnings Presentation
34 slides from Alliance Global's earnings presentation, Aug 14, 2025
Slide 1: 1H2025 Analysts' Briefing
1H2025 Analysts’ Briefing August 14, 2025 1
Slide 2: AGI P&L Highlights
AGI P&L Highlights Reported Ex GADC 1H2024 1H2025 1H2024 1H2025 107.5 100.9 87.1 84.3 19.2 15.1 13.8 14.0 12.7 10.1 8.8 8.2 Revenue Pre-minority Attributable Revenue Pre-minority Attributable Income Profit Income Profit 2
Slide 3: Performance Highlights: P&L by key subsidiary
Performance Highlights P&L Highlights, by key subsidiary MEG EMI TRAV Revenue Attributable Share Profit Share 43.1 2% 18% 28.2 29% 49% 18.9 10.7 32% 69% 3.9 0.3 MEG EMI TRAV Revenue Revenue Profit Profit Revenue Profit 3
Slide 4: AGI 2Q25/1H25 Financial Performance (Reported)
AGI 2Q25/1H25 Financial Performance (Reported) In Pbn 2Q25 2Q24 YoY chg 1Q25 QoQ chg 1H25 1H24 YoY chg • Stronger earnings buoyed by higher contribution from real Group Revenues 45.6 56.8 -20% 55.3 -18% 100.9 107.5 -6% estate and tourism-related segments, ongoing cost Megaworld 22.1 20.2 10% 20.8 6%
Slide 5: AGI 2Q25/1H25 Financial Performance (Ex GADC)
AGI 2Q25/1H25 Financial Performance (Ex GADC) In Pbn 2Q25 2Q24 YoY chg 1Q25 QoQ chg 1H25 1H24 YoY chg • Stronger earnings buoyed by higher contribution from real Group Revenues 45.3 45.1 0% 41.8 8% 87.1 84.3 3% estate and tourism-related segments, coupled with ongoing Megaworld 22.1 20.2 10% 20.8 6%
Slide 6: Group Borrowings
Group Borrowings Gross Borrowings AGI Gearing MEG EMI TRAV Parent & others Net debt (cash) Net debt/equity 0.47x 0.44x 0.42x 250 250 0.36x 0.36x 0.32x 218 222 189 216 215 44 47 173 41 40 41 44 63 138 142 62 53 119 119 57 56 52 33 35 26 34 25 24 103 110 106 86 94 95 2020 2021 2022 2023 2024 1H25 2020
Slide 7: Group Gearing
Group Gearing MEGAWORLD EMPERADOR TRAVELLERS PARENT Net debt (cash) Net debt/equity Net debt (cash) Net debt/equity Net debt (cash) Net debt/equity Net debt (cash) Net debt/equity 0.39x 0.32x 0.30x 0.30x 1.44x 0.08x 0.28x 0.25x 1.39x 0.24x 0.20x 0.06x 88.6 86.3 0.16x 1.13x 1.15x 0.22x 0.22x 0.12x 0.
Slide 8: Capital Expenditure
Capital Expenditure AGI CAPEX, by key subsidiary 68 63 5 59 57 3 5 3 4 5 8 1H2025 Capex spent P23bn 5 5 4 48 4 (40% of the FY2025 budget) 1 36 4 2 1 6 1 46 50 51 23 0 1 50 P59bn FY2025 budget 2 OTHERS 38 28 TRAV 20 EMI MEG 2020 2021 2022 2023 2024 1H25 2025E 8 All items are in billion pesos
Slide 9: Enhancing Shareholder Value
Enhancing Shareholder Value SHARE BUYBACK PROGRAM DIVIDEND EMI ▪ Dividend per share: P0.19 ▪ Record date: January 31, 2025 ▪ Payment Date: February 18, 2025 84% MEG ▪ Dividend per share: P0.09395845 ▪ Record date: August 27, 2025 ▪ Payment Date: September 8, 2025 AGI ISSUANCE OF WARRANTS • Buyback p
Slide 10: Megaworld Corporation
Megaworld Corporation 1H2025 Financial Performance 36 4,436 1,517 Township and Integrated Landbank Office GLA Lifestyle Communities (has) (‘000 sqm) 517 5,398 Lifestyle Malls GLA Hotel (‘000 sqm) Room Keys 10
Slide 11: MEG 2Q25/1H25 Financial Performance
MEG 2Q25/1H25 Financial Performance In Pbn 2Q25 2Q24 YoY chg 1Q25 QoQ chg 1H25 1H24 YoY chg • Strong earnings growth supported by core revenues, margin Revenues 22.2 20.2 10% 20.9 6% 43.1 39.1 10% improvement from cost efficiencies, Residential 14.0 12.7 10% 13.1 7% 27.1 24.8 9% and favorable FX imp
Slide 12: MEG P&L Performance - Quarterly
MEG P&L Performance - Quarterly REVENUE EBITDA NET INCOME Development Rental Hotels Development Rental Hotels 40.7 18.8 2.8 36.5 17.5 0.4 0.3 10.7 2.4 10.7 9.3 8.6 9.9 8.8 20.1 19.9 20.8 17.9 18.6 19.1 1.4 9.0 9.0 9.0 9.3 9.5 1.5 1.4 8.5 0.2 0.2 5.6 1.2 1.3 0.2 0.2 0.2 5.2 5.0 5.1 1.1 5.4 0.2 4.7 4.
Slide 13: MEG Key Operating Segments - Quarterly
MEG Key Operating Segments - Quarterly RES VS GROSS PROFIT RENTAL VS EBITDA MARGIN HOTEL REV VS EBITDA MARGIN Real Estate Sales Gross Profit Development GP Margin Rentals Rentals EBITDA EBITDA Margin Rentals Rentals EBITDA EBITDA Margin 51% 88% 88% 88% 87% 88% 87% 88% 88% 16% 50% 50% 50% 50% 50% 14%
Slide 14: 36th township, Nasugbu, Batangas
Nasugbu, Batangas 36th township 116 hectares P5bn development capex for 5 years 14
Slide 15: YTD vs FY2025 Targets
36 TOWNSHIPS 5,670 HECTARES YTD vs FY2025 Targets RESERVATION SALES P54.7bn vs P130bn FY2025 target PROJECT LAUNCHES P10.4bn vs P20bn FY2025 target CAPITAL SPENDING P20.1bn vs P50bn FY2025 target 15
Slide 16: Pipeline Targets
PIPELINE TARGETS 2025-2026 2025-2026 2025-2029 PREMIER OFFICES LIFESTYLE MALLS HOTELS 99.5k 151.1k 3,580 GROSS LEASABLE AREA GROSS LEASABLE AREA TARGETS HOTEL ROOM KEYS PREMIER OFFICES LIFESTYLE MALLS 139.3k PIPELINE 151.1k PIPELINE 2025-2026 2025-2026 16
Slide 17: Megaworld Forays into Ultra Luxury Segment
Megaworld Forays into Ultra Luxury Segment a curated portfolio of ultra high-end residences Megaworld unveils a new residential brand for Ultra High Net Worth Individuals, featuring rare, high-end properties in prime locations. Designed for ultimate privacy and exclusivity, these limited offerings w
Slide 18: MEG Taps Accor to Boost Homegrown Hotels Portfolio
MEG Taps Accor to Boost Homegrown Hotels Portfolio • Megaworld Hotels & Resorts has partnered with Accor to enhance guest experiences. • Selected properties will join Accor’s ALL loyalty program, offering premium services and global perks. • First to rebrand is Belmont Hotel Mactan as Mercure Mactan
Slide 19: Travellers International Hotel Group, Inc.
Travellers International Hotel Group, Inc. 1H2025 Financial Performance 2,742 5 91% Hotel International Hotel Occupancy Room Keys Hotel Brands (1H2025) 480 2,296 VIP and Mass Slots Gaming Tables 19
Slide 20: Travellers 2Q25/1H25 Financial Performance
Travellers 2Q25/1H25 Financial Performance In Pbn 2Q25 2Q24 YoY chg 1Q25 QoQ chg 1H25 1H24 YoY chg • Stable net revenues supported by efficient promotional Total Gross Revenues 9.2 10.9 -15% 9.7 -6% 18.9 20.1 -6% spending which helped offset Gross Gaming Revenue 7.5 9.0 -16% 7.9 -5% 15.4 16.4 -6% mi
Slide 21: Travellers P&L Performance - Quarterly
Travellers P&L Performance - Quarterly GROSS REVENUES EBITDA Gross Gaming Non-Gaming 4.5 4.1 20.1 3.3 18.9 3.7 3.5 2.6 2.5 2.1 2.0 10.9 9.2 9.6 10.2 9.7 1.9 9.2 1.4 1.7 2.5 1.8 1.8 1.7 16.4 15.4 9.0 7.5 7.9 7.7 7.9 7.5 Q124Q224Q324Q424Q125Q225 1H24 1H25 Q124 Q224 Q324 Q424 Q125 Q225 1H24 1H25 21 All
Slide 22: Travellers Key Operating Segments - Quarterly
Travellers Key Operating Segments - Quarterly GGR: MASS vs VIP AVERAGE DAILY VISITORS Mass VIP 16.4 45.6 15.4 45.0 44.4 44.1 7.6 43.8 7.4 42.9 9.0 7.9 7.7 7.9 41.8 7.5 7.5 4.5 40.7 3.2 3.6 3.3 3.9 3.4 8.8 8.1 4.3 4.5 4.3 4.3 4.0 4.1 Q124 Q224 Q324 Q424 Q125 Q225 1H24 1H25 Q124 Q224 Q324 Q424 Q125 Q2
Slide 23: Travellers: Offering World-Class Experience
Travellers: Offering World-Class Experience Hotel Okura Manila Marriott Hotel Manila Hilton Manila’s Vega Pool Debut in the MICHELIN Earns a spot in the MICHELIN Honored as one of the country’s Guide of 2024 Guide of 2025 best hotel pools 23
Slide 24: Travellers Expansion Plans
Travellers Expansion Plans Westside City The Mactan Newtown Boracay Newcoast Paranaque City Mactan Cebu Boracay, Aklan 24
Slide 25: Hotels Target Portfolio Expansion of MICE Venues
The biggest player in the PH leisure and tourism sector Hotels Target Portfolio Expansion of MICE Venues Mactan Expo Center 12,000 Hotel Room Keys by 2029 2,500 seating capacity CURRENT PORTFOLIO 8,140 Hotel Room Keys 25
Slide 26: Emperador Inc.
Emperador Inc. 1H2025 Financial Performance 6 5 Vineyards Distilleries in Spain in Scotland >100 25 Countries under Domestic Global Distribution System Sales Office 26
Slide 27: EMI 2Q25/1H25 Financial Performance
EMI 2Q25/1H25 Financial Performance In Pbn 2Q25 2Q24 YoY chg 1Q25 QoQ chg 1H25 1H24 YoY chg • Revenue saw solid QoQ growth, supported by stronger Revenues 15.0 15.5 -3% 13.2 14% 28.2 28.6 -2% performances in both brandy Brandy 9.8 8.8 11% 8.7 13% 18.5 16.7 11% and whisky segments. Whisky 5.2 6.7 -23
Slide 28: EMI P&L Performance - Quarterly
EMI P&L Performance - Quarterly NET REVENUE EBITDA - REVENUES ATTRIBUTABLE INCOME* Brandy Whisky Brandy Whisky 3.8 3.9 28.6 28.2 0.8 11.9 9.7 2.1 18.4 2.1 2.1 15.5 15.0 14.6 1.7 1.9 0.4 13.1 7.1 13.2 1.5 6.7 5.2 1.2 0.4 3.1 6.2 4.5 5.2 0.9 18.5 1.0 16.7 1.5 1.7 1.7 11.2 9.8 1.4 7.9 8.8 8.3 8.7 0.9 0
Slide 29: EMI Key Operating Segments - Quarterly
EMI Key Operating Segments - Quarterly WHISKY REVENUE, EBITDA BRANDY REVENUE, GROSS PROFIT , MARGIN GROSS PROFIT , MARGIN Whisky revenue Gross profit Margin Brandy revenue Gross profit Margin 27% 44% 25% 26% 44% 44% 44% 24% 24% 24% 42% 20% 18% 11.9 18.5 37% 36% 37% 16.7 9.7 7.1 11.3 6.7 9.8 6.2 8.8
Slide 30: Jura enters The Grocer Magazine's 2025 list
Jura enters The Grocer Magazine’s 2025 list of Britain’s Biggest Alcohol Brands 30
Slide 31: The Luminary Series No.3 2025 Edition
The LUMINARY SERIES NO.3 2025 EDITION 31
Slide 32: Dalmore and Invergordon Distillery Expansion
Dalmore Distillery Invergordon Distillery Doubling the Production Capacity Expansion of Maturation Complex Expected to be completed by end-2025 Doubling footprint to 92 hectares and to build to cater future demand 120 new warehouses in the coming decades for an additional 1.5 million casks 32
Slide 33: Key Takeaways
Key Takeaways ▪ AGI delivered another strong performance in the 1H2025, driven by its real estate and hospitality segments, and increasing popularity of its premium spirits in the domestic and international markets. ▪ Encouraged by this, AGI continues to push the envelop with more grand and bespoke
Slide 34: 1H2025 Analysts' Briefing
1H2025 Analysts’ Briefing August 14, 2025 34
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