Gt Capital Holdings, Inc. · PSE:GTCAP
Gt Capital — UBS Asian Investment Conference 2024
35 slides from Gt Capital's conference presentation, May 28, 2024
Slide 1: UBS Asian Investment Conference 2024
Built on Trust and Partnerships UBS Asian Investment Conference 2024 28 May 2024 For more information, Visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph
Slide 2: Our Key Messages
Our Key Messages • The Group reported first quarter 2024 healthy growth rates on top of record-setting base, with core net income +7% demonstrating the strength in GT Capital’s underlying fundamentals and the resiliency of the domestic economy • Implementation of strategic initiatives that support t
Slide 3: Consolidated Financial Highlights
Built on Trust and Partnerships Consolidated Financial Highlights First Quarter 2024 GT Capital Investor Presentation
Slide 4: GT Capital Financial Highlights 1Q 2024
GT Capital Financial Highlights 1Q 2024 Core Php7.06 Billion +7% Php6.56 Billion Net Income 1Q 2024 YoY 1Q 2023 Consolidated Php7.11 Billion1 +7% Php6.64 Billion2 Net Income 1Q 2024 YoY 1Q 2023 1. Includes Php89M share in MPIC’s nonrecurring gain 2. Includes Php115M share in MPIC’s nonrecurring gain
Slide 5: Record High Earnings in 1Q 2024
Record High Earnings in 1Q 2024 Core Net 2019 2020 2021 2022 2023 2024 Income 1Q 2024 28.8 23.3 15.8 15.9 16.6 +7% 3.5 7.1 12.0 2.8 3.2 3.7 7.4 3.4 5.8 8.1 11.0 4.0 8.1 11.3 6.6 7.06 vs. 1Q 2023 3M 6M 9M FY 3M 6M 9M FY 3M 6M 9M FY 3M 6M 9M FY 3M 6M 9M FY 3M Consolidated 2019 2020 2021 2022 2023 2024
Slide 6: GT Capital Financial Highlights 1Q 2024
GT Capital Financial Highlights 1Q 2024 Revenues Revenues Gross Premium Share in Opr. Core Inc. Revenues Php35.3B +7% Php3.0B +18% Php7.3B +16% Php6.7B +20% Php56.2B +5% Net income Net Income Net Income Core Net Income Net Income Php12.0B* +14% Php291M +2% Php728M +3% Php5.6B* +29% Php4.0B -11% • Gr
Slide 7: GT Capital Net Income Contribution per Sector 1Q 2024
GT Capital Net Income Contribution per Sector 1Q 2024 Others Property Others Property 5% 4% 4% 4% Infra Infra 10% 12%* Auto Auto 26% 31% Banking Banking 50% 54%* 1Q 2023 1Q 2024 Banking + Auto = 82% Banking + Auto = 80% 7 *Record Level
Slide 8: Operating Company Highlights
Built on Trust and Partnerships Operating Company Highlights First Quarter 2024 GT Capital Investor Presentation
Slide 9: Metrobank Financial Highlights
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Slide 10: Metrobank Financial Highlights 1Q 2024
Metrobank Financial Highlights 1Q 2024 MBT Gross Loan Growth vs. PH GDP Growth PHP 1.6T MBT Gross Loans (%YoY) PH GDP (%YoY) 14% 12% 8% 9% 12% 7% 12% 9% 8% 12% 8% 8% 6% 7% 6% 6% 7% 5% 8% 4% 6% 6% -4% -1% -3% -1% -4% -10% -8% -11% -17% -12% -13% -17% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22
Slide 11: Summary of Key Results
Summary of Key Results • Record earnings of Php12.0B +14% in 1Q 2023 due to: • Loan growth of +12% to Php1.6T • Expansion of consumer segment +15%, driven by credit cards +26% and auto +18% • Net Interest Income of Php28.7B +15% (81% NII of Operating Income) • Cost-to-Income Ratio improved to 51.6%
Slide 12: Industry Highlights
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Slide 13: Residential Supply and Demand 1Q 2024
Residential Supply and Demand 1Q 2024 Metro Manila Residential Condominium Supply and Demand Residential Demand Mix Q1 Launches (Supply) Q2-Q4 Launches (Supply) Q1 Pre-sales (Demand) Q2-Q4 Pre-Sales (Demand) High End Luxury (over Php12M) 45,000 43K Upscale (Php7-12M) 41K Middle Income (Php2.3-7M) 40
Slide 14: Office Supply and Demand 1Q 2024
Office Supply and Demand 1Q 2024 Metro Manila Office Supply, Demand, Vacancy Rate Office Demand Mix Office Supply (Incremental) Office Take-up (Incremental) Vacancy Rate (Cumulative) BPO POGO Traditional 15.6% 17.9% 18.0% 18.0% 18.0% 1.2 0.98 1.07 331k 38% 1.0 0.91 46% sqm 1Q24 0.8 0.74 GLA in Mn SQ
Slide 15: Metro Manila Office Demand 1Q 2024
Metro Manila Office Demand 1Q 2024 QUEZON CITY Office Demand : 33,000 sqm BAY AREA / PASAY / PARANAQUE Quezon 12% of demand City Office Demand : 82,000 sqm 30% of demand, 67% POGO 12% Bay Area ORTIGAS / MANDALUYONG / SAN JUAN 30% Ort Office Demand : 39,000 sqm MAKATI CITY 14% 14% of demand Office De
Slide 16: Federal Land Financial Highlights
\FEDERALLAND Financial Highlights P45 GT CAPITAL HOLDINGS INCORPORATED
Slide 17: Federal Land Financial Highlights 1Q 2024
Federal Land Financial Highlights 1Q 2024 Monthly Reservation Sales (Php M) Reservation Sales Mix High End Luxury (over Php12M) 2024 2023 Upscale (Php7-12M) Middle / Low Mid Income (Php<7M) 3,820 TGMO2 14% Launch Quantum3 1Q24 (Mar 2023) Launch (Apr 2023) 2,671 6% 2,438 Siena 2 Php3.9B 2,205 Launch
Slide 18: Nitori at MITSUKOSHI BGC
Nitori at MITSUKOSHI BGC • Grand opening on April 18, 2024 • Record-breaking first day sales, outperforming any other first Nitori store openings in other ASEAN countries 18
Slide 19: Summary of Key Messages
Summary of Key Messages • Total revenues grew by +18% to Php3.0B • Net income increased by +2% to Php291M • Real estate sales rose by +26% to Php1.0B, including lot sales +68% to Php1.4B • Higher sales from projects in Ortigas and Pasay • Rental Income +23% to Php413M attributed to higher occupancy
Slide 20: Toyota Financial Highlights
& TOYOTA All-New Zenix HEV Pan GT CAPITAL | HOLDINGS INCORPORATED
Slide 21: Key Highlights 1Q 2024
Key Highlights 1Q 2024 Revenues Industry Monthly Retail Vehicle Sales (In 000 Units) P56.2B +5% Retail Vehicle Sales 2022 2023 2024 Net Income 110,196 38.2 37.7 Units 34.3 P4.0B -11% in 1Q 2024 +11.7% YoY Wholesale Volume vs. 98,622 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec in 1Q 2023 52,222 u
Slide 22: Toyota remains dominant: 45.1% in 1Q 2024
Toyota remains dominant Overall Market Share as of FY 2023 45.1% in 1Q 2024 1Q2024 1Q2023 45.8% 19.2% 7.2% 6.8% 4.1% 4.0% 3.5% 2.3% 1.7% 1.0% 1.0% 0.7% Mitsubishi Mitsubishi Nissan Nissan Ford Ford Others Others Suzuki Suzuki Isuzu Isuzu Hyundai Hyundai MG MG Geely Geely Kia Kia Chery Chery 22
Slide 23: Toyota Retail Sales Highlights 1Q 2024
Toyota Retail Sales Highlights 1Q 2024 TMP Top Selling Passenger Cars (Ranked by units) Segment 94% 51% 61% Share 27% 1Q 2024 Vios Wigo Corolla Altis Camry Toyota Market Share 2020 2021 2022 2023 1Q2024 1Q 2024 Unit Sales 9,539 4,203 118 134 No.1 Overall Sales 41% 46% 48% 46% 45.1% TMP Top Selling C
Slide 24: Sales Growth Supplemented by TFSPH
Sales Growth Supplemented by TFSPH 1Q 2024 TFS Quarterly Applications and Penetration Applications +6% Loan Book +14% Penetration 33% 59,372 57,385 57,382 60,683 56,382 56,732 56,825 55,041 52,958 54,771 53,068 49,298 49,251 51,790 45,786 38,144 32,164 48% 50% 48% 41% 43% 44% 38% 34% 33% 33% 27% 30%
Slide 25: Toyota CKD Model Performance
Toyota CKD Model Performance Toyota CKD Models CKD/CBU Mix 1Q 2024 Higher production CBU CKD in Toyota Sta. Rosa 51% Assembly Plant 27% 14,673 Subcompact PC Segment Share 73% 1Q 2024 units assembled 1Q 2024 57,820 1Q 2024 units to assemble 24% FY2024 Plan VS 28% MPV Segment Share 56,305 72% units as
Slide 26: Toyota and Lexus Electrified Sales
Toyota and Lexus Electrified Sales Toyota HEV Sales as % of Total Sales Combined Lexus HEV Sales as % of Total Sales 94% Toyota + Lexus 71% 1Q 2024: 35% 1.05% 4.65% 14% 17% 0.05% 0.29% 0.54% 5.8% 8% 2.97% (2023:3.6%) Toyota HEV Unit Sales Lexus HEV Unit Sales +222% +331% 5,888 1,315 +270% +524% 606
Slide 27: New Model Launches
New Model Launches Corolla Cross HEV LBX April 2024 March 2024 27
Slide 28: Lexus maintains Market Leadership in the Auto Luxury segment
Lexus maintains Market Leadership in the Auto Luxury segment Overall Market Share (Luxury) as of 1Q 2024 56.7% in 1Q24 1Q2024 1Q2023 31.8% 30.8% 28.1% 20.5% 13.3% 6.4%4.9% 3.1%4.3% BMW Mercedes-Benz Land Rover Others 28 Source: Lexus
Slide 29: Summary of Key Messages
Summary of Key Messages • TMP remains dominant in the automotive sector • Retail vehicle sales of 49,667 units +10% vs. industry +12% • 45.1% TMP market share • 56.7% Lexus market share • Electrified vehicles continue to gain traction at 5.8% of total TMP and Lexus sales • +524% year-on-year growth
Slide 30: Moving Forward
Built on Trust and Partnerships Moving Forward First Quarter 2024 GT Capital Investor Presentation
Slide 31: Hartwood Village at Meadowcrest
Hartwood Village at Meadowcrest Biñan, Laguna Meadowcrest Township • 48-hectare masterplanned neighborhood township • Residential blocks, retail shops, parklets and biking networks that would offer customers with a distinct lifestyle and business environment Hartwood Village Phase 1 • 11.3-hectare h
Slide 32: Pipeline Projects
Pipeline Projects Florida Sun Estates Riverpark North Cavite Commercial Lots Cavite 32
Slide 33: CALAX New Segment Completion Update
CALAX New Segment Completion Update Riverpark South Arterial Road Kawit IC Target Completion: 2Q 2025 Lancaster IC Riverpark GT Target Completion: IC 2Q 2025 Governor’s Drive IC Target Completion: 4Q 2024 Silang IC ©2023 GT Capital Investor Relations 3333
Slide 34: SM City General Trias Riverpark
SM City General Trias Riverpark ©2023 GT Capital Investor Relations 34
Slide 35: Thank You!
Built on Trust and Partnerships Thank You! For more information, Visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph
GT Capital Holdings — UBS Asian Investment Conference 2024 on 6ix