Top Line Business Development Corp. · PSE:TOP
Top Line Business Development — Shareholder Meeting (July 2025)
50 slides from Top Line Business Development's shareholder meeting presentation, Jul 18, 2025
Slide 1: 2025 Annual Stockholders' Meeting
TOP LINE BUSINESS DEVELOPMENT CORP. (TOP) 2025 ANNUAL STOCKHOLDERS’ MEETING JULY 18, 2025
Slide 2: Agenda
AGENDA 1 Call to Order 2 Proof of notice of the meeting and existence of quorum 3 Chairman and President’s Message 4 Reading and approval of the Minutes of the Annual Meeting of the Stockholders held on July 12, 2024 5 Management Presentation and Approval of the Audited Financial Statements for the
Slide 3: Notice of Recording
NOTICE OF RECORDING For the notice of all persons present, this meeting is being recorded in both audio and video formats as required by the Securities and Exchange Commission (SEC).
Slide 4: Notice of Meeting
TOPLINE NOTICE OF MEETING
Slide 5: Notice of meeting publication dates and links
June 24, 2025 June 25, 2025 • Manila Standard: https://manilastandard.net/business/314606523/notice-of-annual-meeting-of- • Manila Standard: https://manilastandard.net/news/314606525/notice-of-annual-meeting-of- the-stockholders-of-top-line-business-development-corp.html the-stockholders-of-top-line
Slide 6: PSE EDGE Portal Company Website
PSE EDGE Portal Company Website
Slide 7: Meeting Rules and Voting Procedures
MEETING RULES AND VOTING PROCEDURES
Slide 8: PSE EDGE Portal Company Website
PSE EDGE Portal Company Website
Slide 9: Determination and Declaration of Quorum
DETERMINATION AND DECLARATION OF QUORUM
Slide 10: Proof of Quorum
PROOF OF QUORUM Registered via online registration link Of the 10,742,193,000 total outstanding common shares of TOP as of the record date June 16, 2025, 8,267,619,023 (or 76.96%) thereof are present via remote communication or by proxies and in person.
Slide 11: Approval of the Minutes of the 2024 Annual Stockholders' Meeting
APPROVAL OF THE MINUTES OF THE 2024 ANNUAL STOCKHOLDERS’ MEETING
Slide 12: Summary of Votes
SUMMARY OF VOTES Approval of Minutes of prior ASM held on July 12, 2024 Outstanding Shares: 10,742,193,000 Shares Percentage In favor 8,264,409,023 76.93% Not in favor - - Abstain - - APPROVED
Slide 13: Management Report
MANAGEMENT REPORT EUGENE ERIK LAPASARAN LIM President and CEO BRIGITTE CARMEL LAPASARAN LIM SVP and COO ATTY. CONSTANCE MARIE LIM, CPA FVP and CFO
Slide 14: Management Report
TOP LINE BUSINESS DEVELOPMENT CORP. MA NA GEMENT R EPORT July 18, 2025
Slide 15: Commercial Fuel Trade
COMMERCIAL FUEL TRADE
Slide 16: Commercial Fuel Trade
TOP LINE BUSINESS DEVELOPMENT CORP. Commercial Fuel Trade Volume Performance (in KL) Revenues (in Php Millions) 50,000 1,200.0 44,427 45,000 1,001.8 1,000.0 40,000 35,000 32,118 800.0 738.7 30,000 25,000 600.0 20,000 Total sales volume grew 38% from 32,118 KL in 1H 2024 to 44,427 KL in 1H 2025. 400.
Slide 17: Topline Logistics and Development Corp.
TOPLINE LOGISTICS AND DEVELOPMENT CORP. Expanded Depot Capacity Additional Tank Truck Fleet
Slide 18: Light Fuels Corporation
LIGHT FUELS CORPORATION
Slide 19: Light Fuels Network (12 Stations)
LIGHT FUELS NETWORK (12 Stations) Liloan A.C. Cortes, Mandaue Jagobiao, Mandaue NRA, Mandaue
Slide 20: Light Rewards
un EG rs TOPLINE Atyag LIGHT REWARDS WE LIGHT UP YOUR JOURNEY
Slide 21: FY 2024 & Q1 2025 Financial Highlights
FY 2024 & Q1 2025 Financial Highlights
Slide 22: Historical Volume (in Liters)
Historical Volume (in Liters) 80 72.45 70 60 GR 56.2 C A 50 49% 53. 3M 2025 already 40 37.8 at 30% of 2024 35.4 volumes! 30 24.4 21.8 20 15.5 10 7.6 2.8 0 2017 2018 2019 2020 2021 2022 2023 2024 3M 2025
Slide 23: Revenues, EBITDA, Volume Sold, Net Income
Revenues (Php Millions) EBITDA (Php Millions) 4,000.0 400 . 3% y-y 17 3,374.1 % y-y 3 3,000.0 2,876.1 300 43. 295.5 206.2 2,000.0 200 y-y 35.6% 43% y- y 1,001.8 99.8 1,000.0 738.7 100 69.8 0.0 0 2023 2024 3M 24 3M 25 2023 2024 3M24 3M25 Volume Sold (Million Liters) Net Income (Php Millions) 80 120 %
Slide 24: Margins and Net Income Growth
Gross Profit Margins EBITDA Margins 10.0% 15.0% 9.0% 9.2% 8.4% 8.6% 9.9% 10.0% 9.4% 8.8% 5.0% 7.2% 5.0% 0.0% 0.0% 2023 2024 3M24 3M25 2023 2024 3M24 3M25 Net Income Margins Net Income Growth 5.0% 40.0% 37.8% 3.7% 3.8% 30.0% 28.3% 2.9% 2.7% 20.0% 10.0% 0.0% 0.0% 2023 2024 3M24 3M25 2024 y-y growth 3M
Slide 25: Expansion and Acquisition
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Slide 26: Light Fuels contract signing with TOGRI and BMC
Light Fuels Corporation (LFC) contract signing with Total Oil & Gas Resources, Inc. (TOGRI) and Ballston Metro Corporation (BMC)
Slide 27: Acquired Network (38 Stations)
ACQUIRED NETWORK (38 Stations) • Cebu (Central Visayas) • Leyte • Siquijor • Negros Oriental
Slide 28: Total Light Fuels Network (50 Stations)
TOTAL LIGHT FUELS NETWORK (50 Stations) Light Fuels continues to expand its presence across other key areas the Philippines, including Leyte, Siquijor, and Negros Oriental.
Slide 29: From 30 stations in 3 years to at least 50
From 30 stations in 3 years, to at least 50 stations by the end of the year.
Slide 30: Thank You
TOPLINE THANK YOU \ \
Slide 31: 2025 Annual Stockholders' Meeting
TOP LINE BUSINESS DEVELOPMENT CORP. (TOP) 2025 ANNUAL STOCKHOLDERS’ MEETING JULY 18, 2025
Slide 32: Approval of 2024 Audited Financial Statements
APPROVAL OF 2024 AUDITED FINANCIAL STATEMENTS
Slide 33: Summary of Votes
SUMMARY OF VOTES Approval of 2024 Audited Financial Statements Outstanding Shares: 10,742,193,000 Shares Percentage In favor 8,264,409,023 76.93% Not in favor - - Abstain - - APPROVED
Slide 34: Amendment of By-Laws – Date of Annual Stockholders' Meeting
AMENDMENT OF BY-LAWS – AMENDMENT OF DATE OF ANNUAL STOCKHOLDERS’ MEETING
Slide 35: Summary of Votes
SUMMARY OF VOTES Approval of Amendment of By-Laws Outstanding Shares: 10,742,193,000 Shares Percentage In favor 8,264,409,023 76.93% Not in favor - - Abstain - - APPROVED
Slide 36: Appointment of Moore Roxas Tabamo & Co. as External Auditor
APPOINTMENT OF MOORE ROXAS TABAMO & CO. AS EXTERNAL AUDITOR
Slide 37: Summary of Votes
SUMMARY OF VOTES Approval of Appointment of External Auditor Outstanding Shares: 10,742,193,000 Shares Percentage In favor 8,264,409,023 76.93% Not in favor - - Abstain - - APPROVED
Slide 38: Ratification and Approval of All Acts of the Board and Management
RATIFICATION AND APPROVAL OF ALL ACTS OF THE BOARD OF DIRECTORS, COMMITTEES, OFFICERS, AND MANAGEMENT OF TOP DURING THE PRECEDING YEAR
Slide 39: Summary of Votes
SUMMARY OF VOTES Ratification and Approval Outstanding Shares: 10,742,193,000 Shares Percentage In favor 8,264,409,023 76.93% Not in favor - - Abstain - - APPROVED
Slide 40: Election of Directors
TOPLINE ELECTION OF DIRECTORS
Slide 41: Executive/Non-Executive Directors
EXECUTIVE/NON-EXECUTIVE EUGENE ERIK BRIGITTE CARMEL ATTY. CONSTANCE DR. SUZANNE DOROTHY MARIA THERESA LAPASARAN LIM LAPASARAN LIM MARIE LIM, CPA LAPASARAN LIM LUGUE, CPA
Slide 42: Independent Directors
INDEPENDENT ATTY. MARIA LUIS CAÑETE, CPA IOLANDA ABELLA
Slide 43: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors
Slide 44: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors Outstanding Shares: 10,742,193,000 In favor Not in favor Abstain Total % Eugene Erik Lapasaran Lim 8,264,409,023 - - 76.93%
Slide 45: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors Outstanding Shares: 10,742,193,000 In favor Not in favor Abstain Total % Eugene Erik Lapasaran Lim 8,264,409,023 - - 76.93% Brigitte Carmel Lapasaran Lim 8,264,409,023 - - 76.93%
Slide 46: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors Outstanding Shares: 10,742,193,000 In favor Not in favor Abstain Total % Eugene Erik Lapasaran Lim 8,264,409,023 - - 76.93% Brigitte Carmel Lapasaran Lim 8,264,409,023 - - 76.93% Atty. Constance Marie Lim, CPA 8,264,409,023 - - 76.93%
Slide 47: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors Outstanding Shares: 10,742,193,000 In favor Not in favor Abstain Total % Eugene Erik Lapasaran Lim 8,264,409,023 - - 76.93% Brigitte Carmel Lapasaran Lim 8,264,409,023 - - 76.93% Atty. Constance Marie Lim, CPA 8,264,409,023 - - 76.93% Dr. S
Slide 48: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors Outstanding Shares: 10,742,193,000 In favor Not in favor Abstain Total % Eugene Erik Lapasaran Lim 8,264,409,023 - - 76.93% Brigitte Carmel Lapasaran Lim 8,264,409,023 - - 76.93% Atty. Constance Marie Lim, CPA 8,264,409,023 - - 76.93% Dr. S
Slide 49: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors Outstanding Shares: 10,742,193,000 In favor Not in favor Abstain Total % Eugene Erik Lapasaran Lim 8,264,409,023 - - 76.93% Brigitte Carmel Lapasaran Lim 8,264,409,023 - - 76.93% Atty. Constance Marie Lim, CPA 8,264,409,023 - - 76.93% Dr. S
Slide 50: Summary of Votes: Election of Board of Directors
SUMMARY OF VOTES Results of Election for Board of Directors Outstanding Shares: 10,742,193,000 In favor Not in favor Abstain Total % Eugene Erik Lapasaran Lim 8,264,409,023 - - 76.93% Brigitte Carmel Lapasaran Lim 8,264,409,023 - - 76.93% Atty. Constance Marie Lim, CPA 8,264,409,023 - - 76.93% Dr. S
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