Alliance Global Group Inc. · PSE:AGI
Alliance Global — Q1 2026 Earnings Presentation
30 slides from Alliance Global's earnings presentation, May 21, 2026
Slide 1: 1Q2026 Analysts' Briefing
1Q2026 Analysts’ Briefing May 21, 2026
Slide 2: Performance Highlights
Performance Highlights AGI P&L Highlights P&L Highlights, by key subsidiary Revenue Share 1Q25 1Q26 MEG EMI TRAV MEG EMI TRAV 17% 51% 41.9 42.2 32% 21.6 13.4 Attributable Profit Share MEG EMI TRAV 7.4 7.8 7.0 5.3 1% 4.9 5.2 28% 1.9 0.03 Revenue Revenue Profit Profit Revenue Profit Revenues Pre-minor
Slide 3: AGI 1Q26 Financial Performance
AGI 1Q26 Financial Performance Normalized (Pbn) 1Q26 1Q25 YoY chg 4Q25 QoQ chg Revenues 42.2 41.9 1% 46.2 -9% • 1Q2026 performance was driven by growth in residential, leasing, Megaworld 21.6 20.8 4% 20.5 5% hospitality, and spirits, supported Emperador 13.3 13.2 1% 15.8 -16% by cost efficiencies. T
Slide 4: Group Borrowings
Group Borrowings Gross Borrowings AGI Gearing MEG EMI TRAV Parent & others Net debt (cash) Net debt/equity 0.46x 0.42x 0.43x 273 275 0.36x 0.36x 250 0.32x 47 209 64 202 215 222 214 44 173 40 41 44 81 63 70 142 53 119 119 56 52 33 42 26 42 25 24 103 110 103 99 94 95 2021 2022 2023 2024 2025 1Q26 2021
Slide 5: 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 0.32x 0.30x 0.29x 0.30x 0.06x 0.06x 0.28x 0.27x 0.26x 0.24x 0.20x 1.39x 1.40x 0.22x 0.16x 1.22x 0.05x 30 0.12x 1.13x 0.0
Slide 6: Capital Expenditure
Capital Expenditure AGI CAPEX, by key subsidiary MEG EMI TRAV OTHERS 81 68 63 25 62 P12bn 1Q2026 Capex spent 5 57 3 5 5 3 4 8 2 (19% of the FY2026 budget) 5 5 7 48 4 1 4 2 FY2026 budget 46 50 51 49 55 P62bn (revised from P72B budget) 38 12 1 11 2021 2022 2023 2024 2025 1Q26 2026E 6 All items are in
Slide 7: Enhancing Shareholder Value
Enhancing Shareholder Value SHARE BUYBACK PROGRAM AGI WARRANTS Entitlement : AGI 1 warrant for every 4 common shares owned • Buyback program size: P11.0bn Underlying AGI common shares: 92% • Amount utilized: P10.1bn (92%) • 941.2m shares bought at an 2,203,548,165 average price P10.73 per share. Off
Slide 8: 2025 Sustainability Highlights
2025 SUSTAINABILITY HIGHLIGHTS ENERGY WATER CONSUMPTION WASTE 7% MegaLiters ‘000 Metric Tonnes 24% ‘000 Giga Joules 5,162 Year on Year 215 5,985 Solid Waste 4,813 48 128 20% 4,776 46% 167 2 96% from Renewable Year on Year 127 Hazardous Sources 2024 2025 2024 2025 Waste 2024 2025 Solid Waste Hazardou
Slide 9: Megaworld Corporation
Megaworld Corporation 1Q2026 Financial Performance 37 4,436 1,520 517 6,943 Township and Integrated Undeveloped Office GLA Lifestyle Malls GLA Hotel Lifestyle Communities Landbank (‘000 sqm) (‘000 sqm) Room Keys (has)
Slide 10: MEG 1Q26 Financial Performance
MEG 1Q26 Financial Performance In Pbn 1Q26 1Q25 YoY chg 4Q25 QoQ chg • Steady growth anchored on recurring income from leasing and hospitality, supported by continued expansion in real Revenues 21.6 20.9 3% 21.5 1% estate sales. Residential 13.3 13.1 1% 11.5 15% Office 3.8 3.7 4% 3.7 3% • Residentia
Slide 11: MEG P&L Performance - Quarterly
MEG P&L Performance - Quarterly REVENUE EBITDA ADJUSTED NET INCOME Development Rental Hotels Development Rental Hotels 20.8 20.5 19.9 20.0 18.5 9.3 9.5 9.4 9.5 1.4 1.5 9.0 1.4 1.3 5.7 0.2 0.2 0.2 0.2 1.5 0.2 5.5 5.4 5.5 5.3 5.5 5.6 5.5 5.0 4.9 5.1 5.1 5.3 5.0 4.9 13.1 14.0 13.1 13.3 11.5 4.1 4.4 4.1
Slide 12: 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 Dev't GP Margin Rentals Rentals EBITDA EBITDA Margin Hotel Hotel EBITDA EBITDA Margin 55% 53% 88% 87% 88% 87% 51% 86% 50% 50% 14% 14% 14% 14% 14% 14.0 13.1 13.
Slide 13: 2026 Operational Updates
2026 Operational Updates PROJECT LAUNCHES P9.0bn vs P50bn FY2026 target CAPITAL SPENDING P10.8bn vs P55bn FY2026 target RESERVATION SALES P29.7bn vs P125bn FY2026 target Saint Marcel Residences Sante Residences Ilocandia Beach Village Capital Town, Pampanga Paragua Coastown, Palawan Ilocandia Coasto
Slide 14: Townships
37 TOWNSHIPS 14 The Sugartown 5,767 HECTARES 14
Slide 15: The Sugartown
1Q2026 Launched Township 37th Township: The Sugartown Talisay City, Negros Occidental | 97 Hectares P8bn development capex over 7 to 10 years 15
Slide 16: Belmont Hotel Iloilo
Belmont Hotel Iloilo strengthens Megaworld’s presence in Iloilo Business Park with a new 405-room hotel supporting the city’s growing tourism and business sectors.
Slide 17: 2026-2029 Targets
2026-2029 TARGETS PREMIER OFFICES LIFESTYLE MALLS HOTELS 88.8k 144.1k GROSS LEASABLE AREA (sqm) 2,361 GROSS LEASABLE AREA (sqm) HOTEL ROOM KEYS 2026 2026 2026-2029 17
Slide 18: Travellers International Hotel Group, Inc.
Travellers International Hotel Group, Inc. 1Q2026 Financial Performance 2,241 5 87% 500 2,708 Hotel International Hotel Occupancy VIP and Mass Hotel Brands (1Q2026) Slots Room Keys Gaming Tables
Slide 19: Travellers 1Q26 Financial Performance
Travellers 1Q26 Financial Performance In Pbn 1Q26 1Q25 YoY chg 4Q25 QoQ chg Total Gross Revenues 8.6 9.7 -12% 10.4 -18% • Performance supported by stronger non-gaming businesses and resilient Gross Gaming Revenue 6.6 7.9 -17% 7.9 -17% non-VIP gaming, with continued cost Non-VIP 4.5 4.4 3% 4.9 -8% ef
Slide 20: Travellers P&L Performance – Quarterly
Travellers P&L Performance – Quarterly NET REVENUE GGR: NON-VIP vs VIP Net Gaming Non-Gaming Non-VIP VIP 9.0 7.9 8.0 7.9 7.5 7.7 7.7 7.5 6.6 2.5 7.0 2.6 1.6 3.0 1.8 1.7 3.5 2.9 2.0 2.0 6.1 6.5 5.4 5.8 5.8 4.9 5.0 4.4 4.7 4.5 Q125 Q225 Q325 Q425 Q126 Q125 Q225 Q325 Q425 Q126 Note: All items are in bi
Slide 21: Travellers P&L Performance – Quarterly
Travellers P&L Performance – Quarterly EBITDA AVERAGE DAILY VISITORS 2.6 2.5 46.4 45.0 44.8 2.1 43.8 1.9 40.8 1.7 Q125 Q225 Q325 Q425 Q126 Q125 Q225 Q325 Q425 Q126 21 All items are in billion pesos except average daily visitors . (‘000)
Slide 22: Westside Resorts Manila
Westside Resorts Manila Paranaque City 500 Hotel Rooms 282 Gaming Tables 2,000 Electronic Gaming Machines 22
Slide 23: Narra Palm Resorts and Villa
Narra Palm Resorts and Villa Newport World Resorts 157 Hotel Suites and Villas 5 Private Gaming Suites, Lounge & Bar 23
Slide 24: The biggest player in the PH leisure and tourism sector
The biggest player in the PH leisure and tourism sector CURRENT PORTFOLIO CURRENT PORTFOLIO 2,241 6,943 Hotel Room Keys Hotel Room Keys Hotels Target Portfolio: 12,000 Hotel Room Keys by 2029 24
Slide 25: Emperador Inc.
Emperador Inc. 1Q2026 Financial Performance 6 5 >100 25 Vineyards Distilleries Countries under Domestic in Spain in Scotland Global Distribution System Sales Office
Slide 26: EMI 1Q26 Financial Performance
EMI 1Q26 Financial Performance In Pbn 1Q26 1Q25 YoY chg 4Q25 QoQ chg Revenues 13.4 13.2 1% 15.8 -16% • Nascent recovery in EMI sales, driven by Brandy 8.7 8.7 1% 9.5 -8% favourable consumer shifts in the domestic market and expanding Whisky 4.6 4.5 2% 6.4 -27% presence in the global spirits market.
Slide 27: EMI P&L Performance - Quarterly
EMI P&L Performance - Quarterly REVENUES ATTRIBUTABLE INCOME* Brandy Whisky Brandy Whisky 15.8 15.0 13.2 13.0 13.4 5.2 6.4 2.1 1.9 4.5 4.6 1.9 5.2 0.4 0.4 0.4 9.8 9.5 1.7 0.7 8.7 7.8 8.7 1.4 -0.8 1.5 0.5 0.5 0.2 Q125 Q225 Q325 Q425 Q126 Q125 Q225 Q325 Q425 Q126 -1.4 (*) Normalized net income All ite
Slide 28: EMI P&L Performance - Quarterly
EMI P&L Performance - Quarterly WHISKY REVENUE, BRANDY REVENUE, GROSS PROFIT , MARGIN GROSS PROFIT , MARGIN Whisky revenue Gross profit Margin Brandy revenue Gross profit Margin 29% 27% 40% 25% 23% 38% 39% 18% 37% 36% 6.4 5.2 5.2 9.8 9.5 4.6 8.7 8.7 4.5 7.8 2.5 1.8 2.1 1.7 1.8 2.6 2.5 2.4 2.0 1.4 Q1
Slide 29: Key Takeaways
Key Takeaways ▪ AGI delivered a steady performance in 1Q26, supported by increased contribution from leasing, residential, hospitality and spirits. ▪ Its diversified operations and product offerings, coupled with deliberate cost discipline across the business, helped provide the lift in earnings. ▪
Slide 30: 1Q2026 Analysts' Briefing
1Q2026 Analysts’ Briefing May 21, 2026
Alliance Global Group — Q1 2026 Earnings Presentation on 6ix