Gt Capital Holdings, Inc. · PSE:GTCAP
Gt Capital — FY2024 Earnings Presentation
49 slides from Gt Capital's earnings presentation, Mar 26, 2025
Slide 1: Full Year 2024 Financial and Operating Results Briefing
Built on Trust and Partnerships Full year 2024 Financial and Operating Results Briefing via Zoom Wednesday, 26 March 2025 2:30 PM For more information, Visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph
Slide 2: Briefing guidelines
Recording this results briefing, whether in part or in full, is strictly prohibited Please indicate your full name and the company you represent Ask a question via the Zoom Q&A box or you may use the Raise Hand function We will upload the presentation later at gtcapital.com.ph/investor-relations 2
Slide 3: Briefing Panelists
Briefing Panelists Carmelo Maria Vince S. Socco George S. Uy-Tioco, Jr. Jose B. Crisol, Jr. SVP/Head of Investor Luza Bautista Chairman Chief Finance Officer Relations, Strategic GT Capital Auto and Planning, and Corporate President Mobility Holdings, Inc. Communication 3
Slide 4: Mr. Carmelo Maria Luza Bautista
Mr. Carmelo Maria Luza Bautista President GT Capital Holdings, Inc. 4
Slide 5: Macroeconomic Highlights
Built on Trust and Partnerships Macroeconomic Highlights GT Capital Full Year 2024 Financial and Operating Results Briefing
Slide 6: Macroeconomic Indicators
Macroeconomic Indicators GDP GDP Quarterly (%YoY) Industry Drivers for Full Year 2024 GDP Growth Pre-Pandemic Years 12.0 5.6% FY 2024 5.6 5.5 6.0 6.4 7.8 8.2 7.5 7.67.1 6.4 6.4 5.2 5.2 Construction +10.3% versus 5.8% Bloomberg Consensus FY 2024 6.9 4.3 6.0 5.5 5.8 Financial and 5.6% FY 2023 Insuranc
Slide 7: Macroeconomic Indicators
Macroeconomic Indicators OFW USD B %YoY Other Macroeconomic Indicators Remittances 2.3% 3.4% 3.1% 3.6% 3.0% 3.4% 2.6% 3.4% 2.8% 3.1% 3.3% 3.0% (In USD B) FDI 10.010.3 USD8.93B net inflows USD38.3B 8.7 8.4 9.4 9.6 8.9 8.7 9.7 10.0 9.2 9.0 FY 2024 flat FY 2024, +3.0%YoY GIR USD37.2B USD106.84B FY 2023
Slide 8: Macroeconomic Indicators
Macroeconomic Indicators Inflation PH Inflation US Inflation Most institutions expect inflation to further ease in 2025 2.5% Jan-Feb 2025 “Inflation is then projected to move Institution FY25 Est. 8.0% BSP 3.5% closer to the midpoint of the target 3.2% range (3.5%) in 2026, supported by an Bloomberg
Slide 9: Macroeconomic Indicators
Macroeconomic Indicators BSP Policy Rate USDPHP Fed Funds Rate BSP Rate unchanged 7.00 Peak Oct 13, 2022 BSP Off-Cycle Rate Hike +25 bps 60 Jan-Feb 2025 Oct. 27, 2023 6.50 PHP 59.00/USD 6.25 6.25 5.75% 6.00 6.00 58 5.50 5.50 -75 bps in 2024 5.25 5.75 5.00 5.00 5.00 4.75 56 Fed Funds Rate 4.50 Key Po
Slide 10: Consolidated Financial Highlights
Built on Trust and Partnerships Consolidated Financial Highlights GT Capital Full Year 2024 Financial and Operating Results Briefing
Slide 11: GT Capital Financial Highlights FY 2024
GT Capital Financial Highlights FY 2024 Core Net Php28.13 Billion1 FY2024 +11% Income Php25.35 Billion2 FY2023 Reported Php28.78 Billion FY2024 -2% Net Income Php29.31 Billion** FY2023 1) Excludes P778M share in MPIC’s nonrecurring gains, FLI’s sale of Ortigas lot & Kalayaan lot to TMP (-P196M, +P18
Slide 12: Looking Back FY 2024
Looking Back FY 2024 GT Capital is levelling up from record earnings reported in prior years Core Net Income 28.8 25.3 +11% 15.8 15.9 vs FY 2023 14.8 11.4 11.7 12.9 11.0 9.1 7.4 5.4 6.6 *Excludes one-off gains 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023* 2024* Record Earnings for Bus
Slide 13: GT Capital Financial Highlights FY 2024
GT Capital Financial Highlights FY 2024 Revenues Revenues Gross Premium Share in Opr. Core Inc. Revenues Php143.3B +7% Php12.0B -27% Php30.4B +19% Php28.4B +16% Php245.3B +8% Net Income Net Income Net Income Core Net Income Net Income Php48.1B* +14% Php750M -64% Php2.5B -6% Php23.6B* +21% Php15.9B*
Slide 14: Net Income Contribution per Sector FY 2024
GT Capital Net Income Contribution per Sector FY 2024 Others Property Others Property 4% 6%* 4% 2% Infra Infra 11% 13% Auto Auto 26% 30% Banking Banking 48% 54% FY 2023 FY 2024 Banking + Auto = 78% Banking + Auto = 80% *Includes Php3.9 billion lot sale in 2Q 2023 for Fed Land 14
Slide 15: Operating Company Highlights
Built on Trust and Partnerships Operating Company Highlights GT Capital Full Year 2024 Financial and Operating Results Briefing
Slide 16: Financial Highlights
> Metrobank EA Youre in good hands : “uy I : leit ay 4 Financial Highlights Be years of service db du UREIN, &. 1 GOOD HANDS\ 4 GT CAPITAL HOLDINGS INCORPORATED 16
Slide 17: Metrobank Financial Highlights FY 2024
Metrobank Financial Highlights FY 2024 MBT Gross Loan Growth vs. PH GDP Growth PHP 1.8T MBT Gross Loans (%YoY) PH GDP (%YoY) 17% 14% 12% 15% 16% 12% 8% 9% 12% 7% 9% 7% 8% 12% 6% 5% 6% 8% 6% 6% 6% 7% 8% 5% 8% 4% 6% 6% -4% -1% -3% -4% -1% -10% -8% -11% -17% -12% -13% -17% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21
Slide 18: Summary of Key Results
Summary of Key Results • Record earnings of Php48.1B +14% in 2024, higher than the previous record of Php42.2B reported in 2023. • Loan growth of +17% to Php1.8T • Deliberate expansion of consumer segment +14%, driven by credit cards +18% and auto +18% • Net Interest Income of Php114.1B +9% (79% NII
Slide 19: Industry Highlights
ERAL BAND ee) arn or ee TN FE isa) AS K Industry Highlights & GT CAPITAL HOLDINGS INCORPORATED
Slide 20: Residential Supply and Demand FY 2024
Residential Supply and Demand FY 2024 Residential Demand Mix Metro Manila Residential Condominium Supply and Demand Launches (Supply) RFO (Supply) Take-up (Demand) High End Luxury (over Php12M) Upscale (Php7-12M) 80,000 “Despite challenges in Metro Manila's condominium market, Middle Income (Php2.3-
Slide 21: Office Supply and Demand FY 2024
Office Supply and Demand FY 2024 Metro Manila Office Supply, Demand, Vacancy Rate Office Demand Mix BPO POGO Office Supply (Incremental) Office Take-up (Incremental) Vacancy Rate (Cumulative) Traditional Government 9.1% 15.7% 18.8% 19.3% 18.5% 11% 1.2 1.12 1.07 1.12M 38% 0.98 sqm 1.0 0.91 2024 44% 0
Slide 22: Financial Highlights
\FEDERALLAND Financial Highlights Pa GT CAPITAL HOLDINGS INCORPORATED
Slide 23: Federal Land Financial Highlights FY 2024
Federal Land Financial Highlights FY 2024 Monthly Reservation Sales (Php M) Reservation Sales Mix High End Luxury (over Php12M) 2024 2023 Upscale (Php7-12M) Affordable (<7M) Fuyu Launch 3,820 (July 2023) 17% TGMO2 The Launch Quantum3 (Mar 2023) Launch 2,671 Observatory 2,438 (Apr 2023) (Nov 2023) Ph
Slide 24: Summary of Key Messages
Summary of Key Messages • Current oversupply in the high-rise vertical residential market within Metro Manila. • Reservation Sales normalized to approx. Php 1 Billion per month (ex. BGC Projects) • Excluding non-recurring gains in 2023, Federal Land real estate sales at Php4.8 billion +10% • Real es
Slide 25: Mr. Vince S. Socco
Mr. Vince S. Socco Chairman GT Capital Automotive and Mobility Holdings, Inc. (GTCAM) 25
Slide 26: Automotive Sector Highlights
Automotive Sector Highlights 26
Slide 27: Philippine Automotive Sector
Philippine Automotive Sector Fastest growing in the ASEAN Region Vehicle sales growth in Southeast Asia 11M 2024 FY 2023 40% 22% 17% 8%* 11% 1% -4% -9% -9% -15% -27% -25% Philippines Philippines Malaysia Indonesia Singapore Thailand Vietnam *FY 2024 Industry Sales, including BYD Source: ASEAN Automo
Slide 28: Philippine Automotive Sector
Philippine Automotive Sector All-time sales record high in 2024 PH Automotive Industry Retail Vehicle Sales (in 000 units) +8% +8% 512 473 474* 439 402 400 410 361 322 269 280 242 183 208 142 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E Excise Tax Pandemic Source: TMP,
Slide 29: Philippine Automotive Sector
Philippine Automotive Sector In line with economic growth Car Sales GDP Per Capita Motorization 4,000 3,741 500 3,572 3,500 3,280 3,431 3,414 450 3,108 3,131 3,198 400 Retail Vehicle Sales (in 000 units) 3,000 3,050 Per Capita GDP (in USD) 350 2,974 Motorization: 2,500 2,844 2,718 3,000 300 2,589 2,
Slide 30: Financial Highlights
Financial Highlights 30
Slide 31: Key Highlights FY 2024
Key Highlights FY 2024 Revenues Industry Monthly Retail Vehicle Sales** (In 000 Units) P245.3B +8.0% Retail Vehicle Sales 2022 2023 2024 473,842 Units 38.2 37.7 37.5 40.4 39.1 39.5 39.2 39.8 40.2 41.0 42.1 Net Income 34.3 in 2024 P15.9B +15.3% +8.0% YoY +19% excl. 2023 CARS incentive vs. 438,619 in
Slide 32: Toyota Retail Sales Highlights FY 2024
Toyota Retail Sales Highlights FY 2024 TMP Top Selling Passenger Cars (Ranked by units) Toyota Market Share Segment 65% 54% 2020 2021 2022 2023 2024 Share 22% 2024 No.1 41% 46% 48% 46% 46.0% Vios Wigo Corolla Overall Sales 2024 Unit Sales 43,636 18,103 438 No.1 51% 61% 60% 53% 54.6% TMP Top Selling
Slide 33: Electrified Vehicle Market
Electrified Vehicle Market Growing at a fast pace PH Electrified Vehicle Sales (in unit sales) Toyota & Lexus Others Cumulative Sales (Quarterly) 110% EV sales growth 5.1% of total industry sales 2.6% of total industry sales 24,298* 14,178 11,584 9,238 4,128 6,088 5,496 5,110 4,940 5,340 2,968 1,165
Slide 34: 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 Toyota + Lexus 92% 5.55% 2024: 71% 2.97% 0.05% 0.29% 0.54% 1.05% 6.4% 14% 8% 17% 35% (2023: 3.6%) Toyota HEV Unit Sales +103% Lexus HEV Unit Sales +59% 11,968 2,089 +331% +222% 1,315
Slide 35: Sales Growth Supplemented by TFSPH
Sales Growth Supplemented by TFSPH FY 2024 TFS Quarterly Applications and Penetration Applications +17% Loan Book +13% Penetration 31% 68,344 66,148 59,372 60,683 60,218 56,382 56,732 57,385 57,382 56,825 52,958 54,771 53,068 55,041 49,298 49,251 51,790 45,786 38,144 32,164 48% 50% 48% 41% 43% 44% 3
Slide 36: Toyota CKD Model Performance
Toyota CKD Model Performance Toyota CKD Models CKD/CBU Mix FY 2024 Higher production CBU CKD in Toyota Sta. Rosa 54% Assembly Plant 28% 60,098 Subcompact PC Segment Share 72% 2024 units assembled FY 2024 FY 2024 57,820 units to assemble 24% FY2024 Plan VS 27% MPV Segment Share 56,305 73% units assem
Slide 37: Lexus maintains Market Leadership
Lexus maintains Market Leadership in the Auto Luxury segment Overall Market Share (Luxury) For the year of 2024 53.5% in 2024 FY 2024 FY 2023 40.6% 19.2% 17.7% 7.8% 2.0% BMW Mercedes Land Rover Others 37 Source: Lexus
Slide 38: Summary of Key Messages
Summary of Key Messages • The Philippine automotive industry continues to grow with 2025 unit sales forecast at 235,000 units +8.0% TMP, 512,000 units +8.0% industry • Record 2024 retail vehicle sales of 218,019 units +9.0% • 46.0% TMP market share • 53.5% Lexus market share • Growth from provincial
Slide 39: Mr. Carmelo Maria Luza Bautista
Mr. Carmelo Maria Luza Bautista President GT Capital Holdings, Inc. 39
Slide 40: Moving Forward
Built on Trust and Partnerships Moving Forward GT Capital Full Year 2024 Financial and Operating Results
Slide 41: Dividend Declaration
Dividend Declaration Record Core Net Income of Php 28.1 Billion in 2024 Regular Cash Dividend ₱6 ₱2 • Semi-Annual Payout • 1st Record Date: 02 April 2025 • 1st Payout Date: 16 April 2025 • 2nd Record Date: To be determined on August 2025 per share per share • 2nd Payout Date: To be determined on Aug
Slide 42: Reintroducing the iconic Toyota Tamaraw
Reintroducing the iconic Toyota Tamaraw Innovative International Multi-purpose Vehicle (IMV) Zero or ‘Next Generation Tamaraw’ DROPSIDE Tamaraw 2.4 GL Php 1,075,000 Dropside DSL A/T (Approx. 18K USD) Tamaraw 2.4 Dropside Php 937,000 DSL M/T (Approx. 16K USD) Tamaraw 2.0 Dropside Php 757,000 Gas M/T
Slide 43: CALAX Construction Updates
CALAX Construction Updates Estimated CALAX Completion Dates o Riverpark GT Interchange – 2026 CONSTRUCTION UPDATES o Riverpark Lancaster Interchange – 4Q2025 ROW Construction o Kawit Interchange – 4Q2025 % Completion % Completion o Two tollway interchanges in GT Cavite land bank Overall Cavite Segme
Slide 44: Riverpark Updates
Riverpark Updates Riverpark North Commercial Lots • Total Land Area: 6.9 hectares • 4 hectares allocated for commercial use • 1,300 square meters average lot size • 75% sold as of March 2025
Slide 45: Riverpark Updates
Riverpark Updates SM General Trias • Groundbreaking on June 14, 2024 • Phase 1 GLA of approx. 43k square meters Actual Photo as of March 2025 Actual Photo as of March 2025 Artist’s Perspective ©2023 GT Capital Investor Relations 45
Slide 46: Riverpark Updates
Riverpark Updates Uniqlo Logistics Facility Artist’s Perspective • Groundbreaking on June 20, 2024 • GLA of approx. 38k square meters • Integrate technology and sustainable practices • Will impact local economy by providing employment opportunities Actual Photo as of March 2025 ©2023 GT Capital Inve
Slide 47: Riverpark Updates
Riverpark Updates Yume at Riverpark • First residential horizontal project of Federal Land NRE Global, Inc. • Located in Riverpark, General Trias, Cavite, a 600-hectare township development • 18-hectares of 296 residential lots and house and lots (future offerings) with a Modern Japanese Contemporar
Slide 48: Our Key Messages
Our Key Messages • Favorable macroeconomic environment drove the record growth of our core businesses. The Group reported record core net income* of Php 28.13 billion +11% in 2024. • Metrobank's record net income of Php 48.1 billion +14% • Metro Pacific’s record core net income of Php 23.6 billion +
Slide 49: Thank You!
Built on Trust and Partnerships Thank You! Full Year 2024 Financial and Operating Results Briefing via Zoom Wednesday, 26 March 2025 2:30 PM For more information, Visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph