SM Investments Corporation · PSE:SM

SM Investments — 9M 2020 Earnings Presentation

11 slides from SM Investments's earnings presentation, Nov 4, 2020

  1. Slide 1: 9M 2020 Earnings Report

    9M 2020 Earnings Report 4 November 2020, 2PM

  2. Slide 2: SMIC 9M 2020 Consolidated Results

    SMIC 9M 2020 Consolidated Results  Q3 revenues improved 36% on Q2  Earnings reflect upfront and prudent bank provisions  Conservative gearing maintained SM Investments 9M 2020 Chg Revenues 286.7 -18% Earnings 15.2 -54% Assets* 1,168.0 2% Net Debt:Total Equity 38 : 62 Figures in PHP B except perce

  3. Slide 3: Net Income Mix

    Net Income Mix  Banking and Property continue to lead earnings 41% 50% 9% Property Retail Banking Note: Excludes SMIC Parent and other subsidiaries SM Investments Corporation 2

  4. Slide 4: Banking – BDO

    Banking – BDO BDO Banking 9M 2020 Chg Net Income 16.6 -48%  BDO’s core businesses Net Interest Inc. 99.8 13% regaining momentum Other Income 36.8 -17%  Net Income impacted by P23.8b provisions Loans 2,202.8 6% booked in anticipation of Deposits 2,574.6 7% potential delinquencies NIM 4.4%  Asset q

  5. Slide 5: Banking – China Bank

    Banking – China Bank CHIB Banking 9M 2020 Chg Net Income 8.2 23%  China Bank delivered Net Interest Inc. 24.9 35% positive earnings growth Other Income 7.0 35%  Cost-to-income ratio 51% Loans 594.9 6%  Prudent provisions of P6.3b increased 12x on Deposits 826.8 6% last year NIM 3.9%  Strong bala

  6. Slide 6: Retail

    Retail  Non-Food quarter-on-quarter revenue recovery  Food revenue growth and earnings expansion  All formats continuing to adapt to new customer needs Q-on-Q SM Retail Revenue Chg NI Chg Revenue NI Total Retail 206.1 -19% 2.2 -73% 15% 343% SM Store 33.2 -56% -2.0 -224% 109% 60% Specialty 37.9 -4

  7. Slide 7: Property

    Property  Malls continues to provide rental assistance to tenants  Residential revenue growth remains positive  Major operating expense reductions implemented in Q3 SM Prime 9M 2020 Chg Revenues 60.7 -29% Earnings 14.4 -48% Philippine Mall Revenue 18.3 -57% Residential Revenue 34.2 7% Residential

  8. Slide 8: Digital Channels

    Digital Channels  The group continues to drive convenience for customers through adoption of digital channels Call-to-Deliver BDO Instapay Sales +27% Transactions +144% Food Retail Online Sales +65% 11% of YTD Sales 14% Market Share, Sept Data from May to September SM Investments Corporation 7

  9. Slide 9: Key Messages

    Key Messages  Q3 consolidated revenue improvement due to renewed consumer activity  Consolidated earnings reflect Q2 anticipatory bank provisions  Banking core business momentum, stable asset quality  Retail strong Q-on-Q revenue growth, driven by Non-Food  Food Retail growth maintained with im

  10. Slide 10: Contact Information and Disclaimer

    Contact Information and Disclaimer Investor Relations Office Office Number: +63 2 8857-0100 SM Official Website: Email Address: ir@sminvestments.com Official Facebook Account: www.facebook.com/sminvestments.ir Official Twitter Account: @SM_INVESTMENTS PSE Ticker SM Bloomberg Ticker SM PM Equity Reut

  11. Slide 11: 9M 2020 Earnings Report

    9M 2020 Earnings Report 4 November 2020, 2PM

SM Investments — 9M 2020 Earnings Presentation on 6ix