Slide 1: FY2025 Analysts' Briefing
FY2025 Analysts’ Briefing April 21, 2026
Slide 2: AGI P&L Highlights
AGI P&L Highlights Revenue Pre-minority Income Attributable Profit Reported Normalized Reported Normalized Reported Normalized 223.6 189.6 20.7 30.6 176.4 176.2 27.9 17.4 17.2 17.3 26.5 27.0 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 P&L Highlights, by key subsidiary Revenue Share A
Slide 3: AGI FY25 Financial Performance
AGI FY25 Financial Performance Reported (Pbn) FY25 FY24 YoY chg Group Revenues 189.6 223.6 -15% EBITDA 59.3 60.5 -2% • 2025 performance buoyed by higher Attributable Profit 20.7 17.4 19% contribution from real estate and tourism-related segments plus cost efficiencies; one-off gains of P3.4bn Normal
Slide 4: AGI P&L Highlights - Quarterly
AGI P&L Highlights - Quarterly Normalized Revenue Normalized Attributable Profit 49.0 5.6 45.4 45.6 46.2 4.9 42.5 41.9 42.5 4.5 4.2 4.2 4.3 39.5 3.3 3.3 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 4 All items are in billion pesos
Slide 5: Group Borrowings
Group Borrowings Gross Borrowings AGI Gearing MEG EMI TRAV Parent & others Net debt (cash) Net debt/equity 0.46x 0.42x 273 0.36x 0.36x 250 0.32x 47 209 215 222 214 44 173 40 41 44 81 63 142 53 119 119 56 52 33 42 26 25 24 103 110 103 94 95 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 5 5 All it
Slide 6: 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 0.30x 0.06x 0.28x 0.27x 0.24x 0.20x 1.39x 1.40x 0.22x 0.16x 0.05x 0.12x 1.13x 0.04x 0.04x 32 0.99x 0.95x 26
Slide 7: Capital Expenditure
Capital Expenditure AGI CAPEX, by key subsidiary MEG EMI TRAV OTHERS 81 72 68 63 26 5 P81bn 2 57 3 5 5 FY2025 Capex spent 3 4 8 (108% of the FY2025 budget) 48 5 5 7 4 1 4 2 46 50 51 49 65 P72bn FY2026 budget 38 2021 2022 2023 2024 2025 2026E 7 All items are in billion pesos
Slide 8: Enhancing Shareholder Value
Enhancing Shareholder Value SHARE BUYBACK PROGRAM AGI • Buyback program size: P11.0bn 92% • • Amount utilized: P10.1bn (92%) 941.2m shares bought at an average price P10.73 per share. • Implementation period: 63 months from October 2021 to December 2026 MEG • Buyback program size: P2.0bn • Amount ut
Slide 9: Enhancing Shareholder Value
Enhancing Shareholder Value AGI WARRANTS DIVIDEND Entitlement : AGI 1 warrant for every 4 common shares owned Dividend per share: P0.10 Underlying AGI common shares: Record date: December 22, 2025 2,203,548,165 Payment Date: January 16, 2026 Offer price: EMI P0.50 per warrant Dividend per share: P0.
Slide 10: Megaworld Corporation
Megaworld Corporation FY2025 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 11: MEG FY25 Financial Performance
MEG FY25 Financial Performance In Pbn FY25 FY24 YoY chg • Strong earnings growth driven by higher core revenues, improved margin from cost efficiencies, and continued growth in Revenues 85.9 81.7 5% recurring segments. Residential 51.8 51.0 2% Office 14.9 13.4 11% • Residential segment supported by
Slide 12: MEG P&L Performance - Quarterly
MEG P&L Performance - Quarterly REVENUE EBITDA NET INCOME Development Rental Hotels Development Rental Hotels 20.8 20.1 19.9 20.0 18.6 19.1 1.4 18.5 9.3 9.5 9.4 17.9 1.5 1.4 1.3 9.0 9.0 9.0 9.0 5.6 1.2 1.3 8.5 0.2 0.2 0.2 5.2 5.1 5.2 5.1 1.1 1.5 0.2 0.2 0.2 0.2 5.0 5.4 0.2 4.8 5.5 5.3 5.5 4.4 4.7 4.
Slide 13: 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 Rentals Rentals EBITDA EBITDA Margin 55% 88% 88% 88% 88% 88% 87% 87% 86% 16% 51% 51% 14% 15% 14% 14% 14% 1
Slide 14: MEG P&L Performance - Annual
MEG P&L Performance - Annual REVENUE EBITDA NET INCOME Development Rental Hotels Development Rental Hotels 37.2 21.0 35.5 79.1 0.8 75.8 0.7 5.6 5.1 19.7 21.8 18.5 20.2 18.7 51.0 51.8 16.2 16.2 2024 2025 2024 2025 2024 2025 14 Note: Covers residential, rental and hotel operations only. Excludes finan
Slide 15: MEG Key Operating Segments - Annual
MEG Key Operating Segments - Annual 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 Rentals Rentals EBITDA EBITDA Margin 15% 14% 52% 88% 50% 87% 51.0 51.8 5.6 5.1 21.8 19.7 20.2 18.5 25.6 26.7
Slide 16: Townships
37 TOWNSHIPS 16 5,767 HECTARES 16
Slide 17: The Sugartown and Nascala Coast
1Q2026 Launched Township 37th Township: The Sugartown Talisay City, Negros Occidental | 97 Hectares P8BN development capex over 7 to 10 years 36th Township: Nascala Coast Nasugbu Batangas| 116 Hectares P5BN development capex 17
Slide 18: 2025 Operational Updates
2025 Operational Updates RESERVATION SALES PROJECT LAUNCHES CAPITAL SPENDING P116.5bn P20.5bn P48.7bn vs P120bn FY2025 target vs P20bn FY2025 target vs P50bn FY2025 target 18 18
Slide 19: 2026 Targets
2026 TARGETS TOWNSHIPS CAPEX BUDGET PROJECT LAUNCHES RESERVATION SALES 38 P65B P65B P125B 19
Slide 20: 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 20
Slide 21: Travellers International Hotel Group, Inc.
Travellers International Hotel Group, Inc. FY2025 Financial Performance 2,241 5 90% 473 2,471 Hotel International Hotel Occupancy VIP and Mass Room Keys Hotel Brands (FY2025) Gaming Tables Slots
Slide 22: Travellers FY25 Financial Performance
Travellers FY25 Financial Performance In Pbn FY25 FY24 YoY chg • Overall performance better than IR Total Gross Revenues 39.0 39.9 -2% peers, with notable improvement in 4Q25. Gross Gaming Revenue 31.4 32.0 -2% Mass 19.4 17.4 12% • Growth in net revenue supported by VIP 12.0 14.6 -18% strategic prom
Slide 23: Travellers P&L Performance – Quarterly
Travellers P&L Performance – Quarterly NET REVENUES GGR: NON-VIP vs VIP EBITDA Net Gaming Non-Gaming Non-VIP VIP 9.0 9.0 8.5 8.5 7.9 7.9 8.0 7.9 7.7 7.7 7.5 7.7 7.5 7.3 7.5 3.0 7.1 1.9 2.5 2.5 1.8 1.6 4.5 2.6 2.6 1.7 1.7 3.0 2.5 1.8 3.6 3.3 3.5 2.9 3.2 2.0 2.1 2.0 1.9 1.4 6.6 6.1 6.5 5.6 6.0 5.8 5.8
Slide 24: Travellers P&L Performance - Annual
Travellers P&L Performance - Annual NET REVENUES GGR: NON-VIP vs VIP EBITDA AVERAGE DAILY VISITORS Net Gaming Non-Gaming Non-VIP VIP 32.0 45.0 31.3 31.9 31.4 9.0 7.9 7.6 14.6 12.0 8.4 43.0 23.4 24.2 17.4 19.4 2024 2025 2024 2025 2024 2025 2024 2025 24 All items are in billion pesos except average da
Slide 25: Westside Resorts Manila
Westside Resorts Manila Paranaque City 500 Hotel Rooms 282 Gaming Tables 2,000 Electronic Gaming Machines 25
Slide 26: Narra Palm Resort and Villas
Narra Palm Resort and Villas Newport World Resorts 157 Hotel Suites and Villas 5 Private Gaming Suites, Lounge & Bar 26
Slide 27: 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 27
Slide 28: Mactan Expo Center
Mactan Expo Center The Mactan Newtown, Lapu-Lapu City, Cebu 10K Area (sqm) 2,500 Seating Capacity 28
Slide 29: Emperador Inc.
Emperador Inc. FY2025 Financial Performance 6 5 >100 25 Vineyards Distilleries Countries under Domestic in Spain in Scotland Global Distribution System Sales Office
Slide 30: EMI FY25 Financial Performance
EMI FY25 Financial Performance In Pbn FY25 FY24 YoY chg • Brandy segment: broadly improved top Revenues 57.0 61.6 -7% line, supported by recent product Brandy 35.8 36.4 -2% introductions which gained good market Whisky 21.3 25.3 -16% traction and helped position the segment for a gradual recovery; a
Slide 31: EMI P&L Performance - Quarterly
EMI P&L Performance - Quarterly REVENUES ATTRIBUTABLE INCOME* Brandy Whisky Brandy Whisky 18.4 15.5 15.8 14.6 15.0 7.1 13.1 13.2 13.0 6.7 5.2 6.4 6.2 4.5 5.2 5.2 2.1 2.1 1.7 1.9 1.5 0.4 0.4 1.2 11.3 0.9 1.0 8.8 9.8 9.5 0.7 7.9 8.3 8.7 7.8 1.5 1.4 1.7 -0.8 0.8 0.9 0.9 0.5 0.5 0.0 0.0 0.2 Q124 Q224 Q3
Slide 32: 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 27% 44% 24% 24% 25% 44% 44% 23% 42% 20% 18% 18% 40% 38% 7.1 37% 6.7 36% 6.2 6.4 11.3 5.2 5.2 5.2 9.8 9.5 8.8 8.3 8.7 4.5 7
Slide 33: EMI P&L Performance - Annual
EMI P&L Performance - Annual - REVENUES ATTRIBUTABLE INCOME* WHISKY REVENUE, BRANDY REVENUE, GROSS PROFIT , MARGIN GROSS PROFIT , MARGIN Brandy Whisky Brandy Whisky Whisky revenue Gross profit Margin Brandy revenue Gross profit Margin 61.6 6.3 44% 24% 57.0 21% 38% 25.3 25.3 36.4 35.8 21.3 4.5 3.9 21
Slide 34: Retail Price Positioning
Retail Price Positioning FUNDADOR SUPER SPECIAL (1L) CLVB EMPERADOR (1.5L) PHP 300.00 PHP 199.00 Prices shown are based on Suggested Retail Prices (SRP).
Slide 35: Invergordon Distillery
Invergordon Distillery • Doubling footprint to 92 hectares • Expansion of whisky aging capacity through the - construction of additional warehouses • Expected to house an additional 1.5 million casks 35
Slide 36: Key Takeaways
Key Takeaways ▪ AGI managed to post steady normalized performance in 2025, driven mainly by increased contribution from its real estate operations, as well as leisure and entertainment segment. ▪ Its diversified operations, coupled with improved cost efficiencies, provided the boost in earnings even
Slide 37: Analysts' Briefing
FY2025 Analysts’ Briefing April 21, 2026