Gt Capital Holdings, Inc. · PSE:GTCAP
Gt Capital — H1 2026 Earnings Presentation
50 slides from Gt Capital's earnings presentation, Aug 14, 2026
Slide 1: First Half 2026 Financial and Operating Results Briefing
Building on Strong Foundations. Strengthening the Core. First Half 2026 Financial and Operating Results Briefing Via Zoom Friday, 14 August 2026 2:30 PM
Slide 2: Macroeconomic Highlights
Macroeconomic Highlights GT Capital First Half 2026 Financial and Operating Results Briefing
Slide 3: Macroeconomic Indicators: GDP
Macroeconomic Indicators First Half 2026 GDP Key Drivers Growth Rate 1Q 25 2Q 25 3Q 25 4Q 25 1Q 26 2Q 26 2.3% 2Q 2026 GDP 5.4% 5.4% 4.0% 3.0% 2.8% 2.3% (versus 2.9% Bloomberg Consensus 2Q 2026) Consumption 2.6% 1H 2026 ~70% of GDP 5.3% 5.2% 4.0% 3.8% 3.0% 2.8% • Consumption +2.8% • Government Exp +8
Slide 4: Macroeconomic Indicators
Macroeconomic Indicators First Half 2026 OFW Remittances by Location OFW 2026 2025 Remittances (In USD B) 3.02 2.79 2.87 2.72 Others USD15.7B 2.71 27% USA 2.92 2.81 39% 2.72 2.66 2.66 5M26, +2.6%YoY Saudi USD15.3B Arabia Middle 6% 5M25 East 18% ASEAN Jan Feb Mar Apr May 10% PHP786.8B +2.8% USD4.9B +
Slide 5: Macroeconomic Indicators: Inflation
Macroeconomic Indicators First Half 2026 Inflation PH Inflation (in USD/Barrel) End 2025 Pre-Conflict US Inflation Current 6.2% July 2026 Brent Crude 60.51 73.20 83.55 (Aug 7) Spot (Dec 31) (Feb 27) Peak: 122.53 (4/29) 5.0% 7M2026 Average Ukraine War Brent Oil Futures 60.85 72.48 81.65 (Aug 7) vs. 8
Slide 6: Macroeconomic Indicators: BSP Policy Rate and USDPHP
Macroeconomic Indicators First Half 2026 BSP Policy Rate USDPHP Fed Funds Rate BSP Rate 4.75% (+50bps) 63.00 7.00 Jan-Jun 2026 6.50 USDPHP 60.93 62.00 6.25 6.00 (Rate as of 07-Aug-2026) -125 bps 5.75 6.00 Jan-Dec 2025 61.00 5.50 5.50 5.25 5.00 5.00 Fed Funds Rate 60.00 4.75 4.75 4.75 5.00 4.50 4.50
Slide 7: First Half Macroeconomic Highlights Summary
First Half Macroeconomic Highlights Summary • Slower economic growth momentum due to weaker consumer sentiment • 2Q GDP 2.3% vs. 2.9% consensus • BSP Consumer Expectation Survey -42.0% vs. -15.8% in 1Q 2026 • Consumption +2.8% (accounts for ~70% of GDP, historically at 4-5%) • Inflation at 6.2% in J
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights GT Capital First Half 2026 Financial and Operating Results Briefing
Slide 9: GT Capital Financial Highlights: Core Net Income
GT Capital Financial Highlights First Half 2026 Core Net Php15.54 Billion1 1H 2026 -14% Income Php18.11 Billion2 1H 2025 Reported Php16.41 Billion 1H 2026 -11% Net Income Php18.42 Billion 1H 2025 1) Excluding P1.27B share in TMP's CARS incentives, P340M Parent’s nonrecurring donation, P41M share in
Slide 10: GT Capital Financial Highlights
GT Capital Financial Highlights First Half 2026 Share in Operating Revenues Revenues Gross Premium Core Income Revenues Php81.6B +5% Php8.8B +60% Php21.8B +31% Php18.5B +6% Php115.4B -15% Net Income Net Income Net Income Core Net Income Net Income Php24.9B +0.2% Php4.0B 13x Php1.3B -14% Php16.0B +6%
Slide 11: GT Capital Net Income Contribution per Sector
GT Capital Net Income Contribution per Sector First Half 2026 Others Property Others Property 3% 2% 3% 1% Infra Infra 15% Auto* 17% Auto 24% 33% Banking Banking 47% 55% 1H 2025 1H 2026 Banking + Auto = 80% Banking + Auto = 79% *Includes CARS Incentives 11
Slide 12: Operating Company Highlights
Operating Company Highlights GT Capital First Half 2026 Financial and Operating Results Briefing
Slide 13: Metrobank Financial Highlights
Metrobank Financial Highlights
Slide 14: Metrobank Financial Highlights
Metrobank Financial Highlights First Half 2026 MBT Loan Growth vs. GDP Growth MBT Gross Loans (%YoY) PH GDP (%YoY) Php2.1T +Php232B YoY 16% 17% 16% 15% 12% 13% 11% +12% 9% 9% 6% 6% 6% 5% 6% 5% 4% 4% 3% 2% 3M24 6M24 9M24 FY24 3M25 6M25 9M25 FY25 3M26 6M26 Loan Growth Drivers Mortgage %YoY Corp. & Mid
Slide 15: Summary of Key Results
Summary of Key Results First Half 2026 • Net Income of Php24.9B in 1H 2026 • Net Interest Income of Php67.7B +13% (83% of Operating Income) • Loan growth at +12%YoY to Php2.1T vs. industry growth +12.6% • Strong consumer segment +11%, driven by credit cards +20% and mortgage +9% • Deposits +10% YoY
Slide 16: Industry Highlights
GT CAPITAL HOLDINGS INCORPORATED Industry Highlights
Slide 17: Metro Manila Residential Supply and Demand
Metro Manila Residential Supply and Demand First Half 2026 Residential Demand Mix Metro Manila Residential Condominium Supply and Demand High End Luxury (over Php12M) Launches (Supply) RFO (Supply) 1H Take-up (Demand) 2H Take-up (Demand) Upscale (Php7-12M) 70,000 Middle Income (Php2.3-7M) “Unsold in
Slide 18: Metro Manila Office Supply and Demand
Metro Manila Office Supply and Demand First Half 2026 Office Demand Mix Metro Manila Office Supply, Demand, Vacancy Rate BPO Vacancy Rate (Cumulative) Traditional Office Supply (Incremental) Office Take-up (Incremental) Government 19.8% 19.3% 19.4% 18.8% 18.0% 15.7% 404K 37% sqm 1.22 63% 1H26 1.07 1
Slide 19: Federal Land Financial Highlights
Federal Land Financial Highlights
Slide 20: Federal Land Financial Highlights
Federal Land Financial Highlights First Half 2026 Monthly Reservation Sales (Php M) Reservation Sales Mix High End Luxury (over Php12M) *Horizontal Pivot 2025 2026 2H 2026 Upscale (Php7-12M) 2,447 • RFO Haru and Aki • Commercial lots Mid Income - Affordable (<7M) (1Q 2025) 50% RFO of 1,922 Reservati
Slide 21: RFO developments drive reservation sales
RFO developments drive reservation sales Quantum Residences Mi Casa Six Senses TGMO 1 Pasay City Bay Area Bay Area Ortigas 88% Sold 50% Sold 88% Sold 68% Sold (Amethyst Tower) 21
Slide 22: Summary of Key Messages
Summary of Key Messages First Half 2026 • Early signs of demand stabilization in 1H 2026 • Steady reservation sales average of Php1 billion per month • Stronger RFO take-up (50% of reservation sales) • RFO Sales Php2.6 billion +39% • Pipeline projects and RFO inventory to support continued sales mom
Slide 23: Automotive Sector Highlights
Automotive Sector Highlights
Slide 24: Automotive industry showing early signs of recovery
Automotive industry showing early signs of recovery July 2025 to June 2026 Sales (in 000 units) Avg. Gas Pump Prices Monthly Industry Unit Sales June 19, 2026 Avg. Diesel Pump Prices US-Iran Peace talk February 28, 2026 April 2026 ME Conflict Diesel prices peaked at leading to oil price hikes Php153
Slide 25: Industry Sales - Powertrain Breakdown
Industry Sales - Powertrain Breakdown First Half 2026 Industry Quarterly Sales Monthly xEV Sales & Penetration 112,669 110,131 Key Takeaways HEV PHEV BEV xEV Penetration xEV 16% xEV 29% BEV:3,457 (3%) 38% xEV penetration BEV: 8,118 (7%) PHEV: 6,419 (6%) 25% 28% increased to 29% 22% HEV: 8,434 (7%) P
Slide 26: Toyota Financial Highlights
Toyota Financial Highlights
Slide 27: Key Highlights
Key Highlights First Half 2026 Industry* Monthly Retail Vehicle Sales (In 000 Units) Retail Vehicle Sales 2024 2025 2026 222,800 Units 41.9 in 1H 2026 37.7 39.8 36.1 -7.7% YoY 35.1 32.3 vs. 241,461 in 1H 2025 *Includes others estimate 18,243 units Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Mont
Slide 28: Toyota Retail Sales Highlights
Toyota Retail Sales Highlights First Half 2026 TMP Top Selling Electrified Vehicles (Ranked by units) TMP 2026 First Half Sales ICE HEV Segment 72% BEV 60% Share 25% 1H 2026 11% 111,276 +157% ATIV Zenix Corolla Cross Yaris Cross 44 BEV growth 100,909 9,072 113 +23% HEV growth 11,129 TMP Top Selling
Slide 29: Toyota and Lexus Electrified Sales
Toyota and Lexus Electrified Sales First Half 2026 xEV Sales as % of Total Sales xEV Sales as % of Total Sales Combined 92% 91% 93% 10.65% Toyota + Lexus 71% 5.55% 7.77% 1H 2026: 35% 2.97% 0.05% 0.29% 0.54% 1.05% 14% 8% 17% 11.1% 2019 2020 2021 2022 2023 2024 2025 1H 2026 (1H 2025: 8.2% 2019 2020 20
Slide 30: Tamaraw Sales Growth
Tamaraw Sales Growth First Half 2026 Commercial Vehicle Segment 1H 2026 Tamaraw Sales Performance TAMARAW Model X 1,658 1,483 1,516 8,349 +17% 44% Sales growth 1H 2026 1,367 Units Sold year-on-year Market share 1,227 1,098 Jan Feb Mar Apr May June Source: CAMPI, AVID 30
Slide 31: Sales Growth Supplemented by TFSPH
Sales Growth Supplemented by TFSPH First Half 2026 TFS Quarterly Applications and Penetration +9.1% Applications Penetration Rate YoY 77,922 68,344 67,316 66,695 66,148 64,758 64,649 60,683 60,218 56,732 57,385 57,382 56,825 58,037 52,958 54,771 53,068 55,041 51,790 49,298 49,251 45,786 50% 47% 44%
Slide 32: Lexus maintains market leadership in automotive luxury segment
Luxury Segment Market Share First Half 2026 Rover Others 3.6% 1.2% Lexus maintains market leadership in automotive Mercedes luxury segment 13.5% 44.5% BMW 37.2% 32
Slide 33: Widest vehicle line-up
Widest vehicle line-up Toyota’s multi-pathway approach to mobility 25 Internal Combustion Engines (ICEs) 22 Electrified Vehicle (xEVs) 9 Sedan & Hatchback Wigo Vios Corolla Altis ATIV 6 ATIV Corolla Altis Camry B LC GR Corolla GR 86 GR Supra Yaris GR IS ES LS B Crossover & MPV 7 Raize Yaris Cross Av
Slide 34: Summary of Key Messages
Summary of Key Messages First Half 2026 • Higher fuel prices and macroeconomic uncertainty tempered industry demand in 1H 2026 o Industry sales reached 222,800 units, -7.7% YoY o TMP retail sales totaled 100,909 units, -9.3% YoY • Electrified vehicles gaining traction amid higher fuel prices o EV sa
Slide 35: Moving Forward
Moving Forward GT Capital First Half 2026 Financial and Operating Results Briefing
Slide 36: CALAX Updates: Enhancing Network Accessibility
CALAX Updates Enhancing Network Accessibility Target Completion Date: 4Q 2026 Aguinaldo Toll Plaza Open Canal Toll Plaza Gov’s Dr. Toll Plaza Open Canal Interchange Kawit Toll Plaza Gen. Trias Riverpark Interchange Open Interchange Bridge 36
Slide 37: Riverpark Phase 1 Sold Out, Phase 2 To Be Launched
Phase 1 – 6.9 hectares SOLD OUT Phase 2 – 22 hectares To be launched within the year 37
Slide 38: The Observatory | Sora Tower
The Observatory | Sora Tower 1 Strong demand from Japanese Buyers Sales Highlights 74% Units % Sold 55% Japanese Buyers % of total sold Artist’s Perspective Actual photos as of April 2026 38
Slide 39: Yume at Riverpark
Yume at Riverpark Commencement of lot turnover to buyers Yume Updates Turnover Ongoing Artist’s Perspective Artist’s Perspective Actual photos as of April 2026 39
Slide 40: SM General Trias: Riverpark Updates
SM General Trias Riverpark Updates Construction Updates 2Q 2027 Target Completion Date 43,000 sqm Phase 1 GLA Artist’s Perspective Actual photos as of April 2026 40
Slide 41: Lexus ES and Next Generation Tamaraw
Next Generation Tamaraw Introducing the PUV Granted the Modern all-new Certification Lexus ES Starts at Now available in BEV and HEV variants Php4.11 Mn USD68,000 41
Slide 42: BEV: Toyota's Multi-Pathway Strategy
BEV Hilux HEV variant starts at Php1.198 Mn Php2.99 Mn Toyota’s Multi-Pathway Strategy USD20,000 USD50,000 42 42
Slide 43: HEV: Toyota's Multi-Pathway Strategy
HEV Land Cruiser Starts at Php6.95 Mn USD116,000 Toyota’s Multi-Pathway Strategy 43
Slide 44: Petrol: Toyota's Multi-Pathway Strategy
Toyota’s Multi-Pathway Strategy Petrol Land Cruiser FJ “Mini Cruiser” Starts at Php2.24 Mn USD37,000 44 44
Slide 45: Expanding Aftersales Capacity
Expanding Aftersales Capacity Strengthening Toyota’s aftersales network and service accessibility Dealership type Count 3S (sales, service, spare parts) 75 2S (service and spare parts) 9 Toyota Los Baños Service Center 1S 3 Toyota Marilao Service Center (service only) Opening of the first standalone
Slide 46: Toyota Auto Auction
Toyota Auto Auction Expanding presence in the used car market sector TMP and Toyota Tsusho Philippines (TTP) Joint Auction in TAA Pampanga Venture Agreement Signing Auction platform further strengthens Toyota's total value chain, particularly in used car, after-sales service and spare parts. Also cr
Slide 47: TMP Targets 3 Million Cumulative Sales By Year End
TMP Targets 3 Million Cumulative Sales By Year End TMP Celebrates 38th Anniversary In The Philippines On track to achieve 3 million cumulative vehicle sales by December 2026 Maintained market leadership for 24 consecutive years Largest dealership and aftersales network with 75 full-service dealers T
Slide 48: JCR Reaffirms GT Capital's Strong Credit Profile
JCR Reaffirms GT Capital's Strong Credit Profile KEY RATING DRIVERS A- credit rating Strong Stable Cash Solid Stable Outlook Business Flow Financial Foundation Generation Base JCR's reaffirmation reflects the strength of GT Capital's diversified portfolio, stable cash generation, and solid financial
Slide 49: Summary of Key Messages
Summary of Key Messages First Half 2026 • GT Capital’s consolidated net income of Php16.41B reflected a challenging macroeconomic environment. • Our strong balance sheet underpins our resilience • Core business strategies allow us to be well-positioned • MBT +12% loan growth despite weaker GDP, impr
Slide 50: Thank You!
Building on Strong Foundations. Strengthening the Core. Thank You! First Half 2026 Financial and Operating Results Briefing Via Zoom Friday, 14 August 2026 2:30 PM