Aboitiz Equity Ventures Inc. · PSE:AEV
Aboitiz Equity Ventures — Investor Presentation (October 2026)
54 slides from Aboitiz Equity Ventures's investor presentation, October 2026
Slide 1: Investor Presentation
Investor Presentation October 2026 Aboitiz Equity Ventures
Slide 2: Aboitiz Equity Ventures at a glance
Aboitiz Equity Ventures at a glance HOLDING COMPANY Who are we? Listed Aboitiz Equity Ventures (AEV PM) is a 100+ year old holding company; We are the 3rd largest listed conglomerate in the Philippine Stock Exchange, in terms of market cap; and We are an active portfolio manager of the following bus
Slide 3: Two decades of TRANSFORMATION
Two decades of TRANSFORMATION Key milestones and acquisitions AEV expanded into Southeast Asia and into the consumer sector Sep 2018 Sep 2021 AEV and ACO sold 25% AboitizFoods and 2% of their stakes in acquired 75% of Jul 2014 GoldCoin for AP to JERA for PHP75/PHP5b (or AboitizFoods acquired USD334m
Slide 4: Two decades of TRANSFORMATION
Two decades of TRANSFORMATION Key milestones and acquisitions 2025 saw the operational turnover of strategic assets acquired in 2024 Apr 2025 Feb 2024 Laguindingan airport was CCEAP 40% acquisition officially turned over to AIC AIC's Apo Agua fully operational Jul 2025 Thunder Consortium was the Dec
Slide 5: Diversification strategy
Diversification strategy Targeting 50% of Beneficial EBITDA from Non-Power Businesses As of December 2025, Non-power segments contribute 42%, a significant increase from 32% in 2020. 2020 2030 Real Estate, 1% AEV targets to raise beneficial EBITDA Infrastructure, 5% contributions from its non-power
Slide 6: Sustainable earnings growth trajectory
Sustainable earnings growth trajectory AEV has a strong financial track record AEV’s dynamic but well-balanced portfolio of assets enable the Group to deliver stable beneficial EBITDA and core NIAT despite changes in the portfolio and operating environment. Beneficial EBITDA and Core NIAT PHPm Benef
Slide 7: AEV's financial highlights
AEV’s financial highlights Group beneficial EBITDA up by 25% YoY Power remains to be the biggest contributor to AEV, followed by the Food and Beverage segment. Meanwhile, the Bank segment more than doubled its beneficial EBITDA contribution year-on-year. Beneficial EBITDA PHPm Power accounted for 62
Slide 8: AEV's financial highlights
AEV’s financial highlights 1H26 NIAT up 63% YoY to PHP13.6bn NIAT growth was driven by the topline-driven YoY improvements in the contributions of AP, UBP, AboitizFoods and CCEAP. NIAT PHPm 52,382 13,210 39,925 11,314 9,787 8,608 15,694 11,523 13,638 13,689 8,387 8,481 Statutory EBITDA EBITDA Less:
Slide 9: AEV's financial highlights
AEV’s financial highlights Balance sheet remains primed for expansions Growth in consolidated asset base is attributable to ongoing expansions in Power and the turnover of CBK asset. PHPm CONSOLIDATED PHPm PARENT LEVEL 31 Dec 2025 30 Jun 2026 31 Dec 2025 30 Jun 2026 Cash and Cash Equivalents 87,753
Slide 10: Returning value to shareholders
Returning value to shareholders Consistent dividend payout Only Philippine conglomerate that has a dividend policy (~33% of previous year’s net income) Dividend per share PHP/sh ₱1.80 4.6% 4.7% 5.0% ₱1.60 4.5% 4.0% ₱1.40 0.43 3.5% ₱1.20 2.7% 2.9% 2.6% 3.0% ₱1.00 2.5% ₱0.80 1.62 1.54 1.47 1.40 2.0% ₱
Slide 11: Subsidiary Level Updates
SUBSIDIARY LEVEL UPDATES 11
Slide 12: AboitizPower at a glance
AboitizPower at a glance Who are we? AboitizPower (AP PM) is a leading Philippine energy provider. AP generates 1 in 5 MW of installed AP, through its retail subsidiaries, AP owns nine distribution capacity in the Philippines and, holds 27% of the total retail utilities, including the together with
Slide 13: Diversifying generation portfolio
Diversifying generation portfolio A broad generation portfolio spanning 7 technologies As of June 2026, coal assets account for 50% of our total generation portfolio, down from 57% in Dec 2025. Attributable capacity 6,171 MW 5,451 40 660 4,736 12 4,482 660 673 3,972 12 252 307 - 47 427 290 3,494 3,4
Slide 14: AboitizPower - Power Generation
AboitizPower - Power Generation Thermal Generation Business Group Building the future today by leading the energy transition and ensuring energy security and equity 17 4,123 MW 1 2 4 3 attributable net sellable capacity facilities as of July 2026 Our power generation capabilities extend nationwide:
Slide 15: AboitizPower - Power Generation
AboitizPower - Power Generation Renewable Generation Business 2 1 Group 4 3 Energizing communities, uplifting lives 5 40 2,048 MW 6 7 8 9 facilities attributable net sellable capacity as of July 2026 Our power generation capabilities extend nationwide: 1. Ilocos Sur 5. Aguilar and Bugallon, Pangasin
Slide 16: Steady progress across our renewable energy pipeline
AboitizPower - Power Generation Steady progress across 8 MW Magat BESS 2 Commissioned May 2026 12 MW Magat BESS 1 Commissioned Jan 2024 our renewable energy pipeline 95 MWp (75 MWac) Cayanga Solar 20 MW Ambuklao BESS Energized Oct 2023 Q2 2027 Completion: 13% 159 MWp (130 MWac) Laoag Solar Energized
Slide 17: AboitizPower – Distribution Utilities
AboitizPower – Distribution Utilities Distribution Business Group Empowering the evolution of our cities 9 5,114 km2 1 2 utilities total service area 3 1.24mn 9,230 GWh total electricity sales (January- no. of customers December 2025) 4 Our distribution utilities cover high-growth areas in the count
Slide 18: AboitizPower – Retail Electricity Supply
AboitizPower – Retail Electricity Supply Retail Business Group Empowering a brighter future, innovating energy for everyday life AboitizPower retail electricity suppliers (RES) collectively hold the top market share at 27% in terms of actual demand in the Philippines* *Competitive Retail Electricity
Slide 19: Strong financial track record
Strong financial track record Double-digit CAGR AP’s financial performance has been on an upward trajectory since 2020. Beneficial EBITDA and NIAT PHPb Beneficial EBITDA Net Income 79.6 73.3 64.6 55.8 50.4 43.3 33.1 33.9 26.0 19.1 19.5 18.4 * 2021 2022 2023 2024 2025 1H26 19
Slide 20: Power generation segment highlights
Power generation segment highlights Double-digit growth in total energy sold The Generation Energy volumes sold through BCQs rose 17% year-on-year in 1H26, bringing contracted volumes to 85% of total energy sales for the period. As of June 2026, ~90% of our baseload capacity is under contract. Total
Slide 21: Power generation segment highlights
Power generation segment highlights Gross profit in 1H26 grew by 23% YoY Despite higher generation and purchased power costs, gross profit in the Power Generation segment increased to PHP 41.7b, driven by higher sales volumes and stronger energy market prices. Gross Profit PHPm 1H25 1H26 The average
Slide 22: DU segment highlights
DU segment highlights Power sales from the DU segment rose by 6% YoY Despite higher energy sales, EBITDA contribution from the Distribution segment declined by 3% to PHP4.3b as topline gains were offset by the early incurrence of expenses. Volume sales GWh; beneficial basis 6,927 6,631 6,157 5,785 5
Slide 23: RES segment highlights
RES segment highlights One of the leading retail electricity suppliers Despite AboitizPower’s RES segment continues to be the biggest supplier, with a market share of 27% as of the latest CREM Report. AP RES Market Share Customer Type* MW Agriculture Utilities AP 2% Others 3% 27% 16% Residential Sup
Slide 24: AP's financial highlights
AP’s financial highlights 1H26 beneficial EBITDA grew by 27% YoY The Generation segment, which accounted for 90% of beneficial EBITDA, was the primary driver of this growth. The 30% YoY increase in the Generation segment’s EBITDA was Beneficial EBITDA due to higher margins resulting from: PHPb 1H25
Slide 25: AP's financial highlights
AP’s financial highlights 1H26 NIAT 45% higher YoY Strong EBITDA translated into NIAT of PHP18.4b, significantly higher by 45%. NIAT PHPm 1H25 1H26 10,606 43,325 34,099 9,253 10,454 8,684 4,239 18,026 18,422 3,068 13,094 12,667 EBITDAEBITDA EBITDA NetLess: interest Net expenseinterest Net interest L
Slide 26: AP's financial highlights
AP’s financial highlights M&A-driven increase in leveraging Even with incremental borrowings for AboitizPower’s investments in Chromite, CBK and its renewable energy expansions, net debt to equity remains manageable at 1.17x. PHPm CONSOLIDATED 31 Dec 2025 30 Jun 2026 Cash and Cash Equivalents 58,932
Slide 27: Returning values to shareholders
Returning values to shareholders Consistent dividend payout AP pays out half of its previous year’s net income as dividends. Dividend Yield PHP per share ₱2.50 7.0% 6.1% 5.2% 5.7% 6.0% ₱2.00 4.9% 0.93 5.0% 4.2% ₱1.50 4.0% 2.30 2.35 3.0% ₱1.00 1.87 1.45 1.35 2.0% ₱0.50 1.0% ₱0.00 0.0% 2022 2023 2024
Slide 28: Unionbank at a glance
Unionbank at a glance Who are we? Unionbank (UBP PM) is the leading retail-focused bank in the Philippines; It is the 8th largest bank in terms of resources and loans; Branch network Strong digital capabilities, with the highest rated and most downloaded 195 UnionBank branches banking app in Google
Slide 29: Leading retail-focused bank in the Philippines
Leading retail-focused bank in the Philippines Credit cards drive loan growth Consumer loans account for 61% of total loan book, higher than industry average of 23%. Loan Mix Gross Loans 6M25 6M26 Variance % (OSB in PHP Bn) Institutional 214 224 9 4% Consumer 195 218 23 12% Cards, 25% Home Loans 55
Slide 30: Unionbank's financial highlights
Unionbank’s financial highlights Sustained net interest income growth despite economic volatility UBP is a beneficiary of low interest rate environment. Net Interest Income and NIAT PHPb Net interest income NIAT 64.2 58.0 52.0 38.9 33.7 29.8 12.6 12.7 12.0 9.2 10.0 6.9 FY21 FY22 FY23 FY24 FY25 1H26
Slide 31: Unionbank's financial highlights
Unionbank’s financial highlights Customer Growth Net Interest Margin (in #, Mn) 8% YoY 34 bps 19.3 6.6% 6.5% 6.9% 18.6 17.9 6.1% 17.0 5.5% 14.8 4.8% 12.1 4.6% 10.2 4.6% Industry* 2021 2022 2023 2024 2025 6M25 6M26 2021 2022 2023 2024 2025 6M25 6M26 Net Revenues Net Revenues (excluding trading) to As
Slide 32: Unionbank's financial highlights
Unionbank’s financial highlights First half net income ended at P6.9Bn, up 113% YoY Growth was driven by expansion in consumer lending, increase in CASA, and fee income from wealth and bancassurance Parent Bank sustained its performance and accounted for 96% of Group profit Net Income Return on Equi
Slide 33: Unionbank's financial highlights
Unionbank’s financial highlights Net Interest Margin NIM expansion driven by lower funding costs Cost NIM Yield Net Interest Income YoY 8% YoY (in PHP, Bn) 8.7% 8.7% 8.7% 8.7% 8.6% 8bps 33.7 31.3 6.5% 6.6% 6.6% 6.9% 6.9% 34bps 2.2% 2.1% 2.1% 1.8% 1.8% 42bps 1% QoQ 6M25 9M25 FY25 3M26 6M26 Annualized
Slide 34: Gross loans and loan mix
Gross loans and loan mix Gross Loans, OSB Loan Mix Credit cards drive loan (in PHP, Bn) growth Industry’s Consumer Loans ~ 23% Based on 3M26 BSP Data Institutional Retail (Parent) CSB, UD, Other Subs 8% YoY 2% QoQ Cards, 25% 565 577 550 Consumer, 532 533 Institutional, 39% YoY 61% Salary Loans, 18%
Slide 35: Improving trend in cost to income ratio
Improving trend in cost to income ratio Operating Expense Cost-to-income Ratio (in PHP, Bn) 6% YoY 24.8 23.4 59% 59% 58% 57% 57% 2% QoQ 12.1 12.4 12.5 12.3 11.8 2Q25 3Q25 4Q25 1Q26 2Q26 6M25 6M26 6M25 9M25 FY25 3M26 6M26 Quarter-to-Date Year-to-Date Annualized Year-to-Date 35
Slide 36: Stable credit costs
Stable credit costs Credit Cost – Annualized (Year-to-date) Parent Subsidiaries 4.3% 10bps 3.9% 3.8% 0.9% 0.8% 3.2% 3.3% 1.2% 0.5% 0.6% 3.4% 3.1% 2.7% 2.7% 2.7% 6M25 9M25 FY25 3M26 6M26 36
Slide 37: Sufficient capital ratios to support asset growth
Sufficient capital ratios to support asset growth Common Equity Tier 1 Capital Ratio Group (CET1) Common Equity Tier 1 Capital Ratio Parent (CET1) 14.9% 15.1% 15.0% 14.9% 15.1% 15.0% 14.5% 13.7% 13.9% 14.0% Regulatory Regulatory Minimum Minimum 8.5% 8.5% 6M25 9M25 FY25 3M26 6M26 6M25 9M25 FY25 3M26
Slide 38: AboitizFoods
AboitizFoods AboitizFoods — = ae = | Foo igo abaga piltdico e }NewaRano EXISTING pilsico arb BRAND Livestoric Livestoric Feed Safety Hard Wheat Live Hogs Categories Poultry Poultry Immunity Soft Wheat Carcass Aqua Aqua Digestibility Specialty Eggs Gamefowl Ruminant Farm Management Songbird Premix Ca
Slide 39: AboitizFoods' financial highlights
AboitizFoods’ financial highlights Earnings recovery is mainly driven by softening commodity prices Agribusiness (animal feeds) and Flour are AboitizFoods’ strongest segments. EBITDA NIAT EBITDA, at segment level 9.9 PHPb FY21 FY22 FY23 FY24 FY25 1H26 Agribusiness 3.2 3.6 3.8 5.8 6.3 3.7 Food & Nutr
Slide 40: AboitizFoods' financial highlights
AboitizFoods’ financial highlights 1H revenue grew 19% YoY to PHP 51.6B on a 13% volume expansion in Agribusiness and Trading, which offset softness in Food & Nutrition. Volume Revenue ‘000 MT PHPm 1,572 21,126 25,060 26,507 1,387 22,234 93,198 24,519 25,319 FY25 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 PHPm 1
Slide 41: AboitizFoods' financial highlights
AboitizFoods’ financial highlights Consolidated 1H EBITDA stood at PHP 4.7 billion (+9% YoY). Strong operational performance in regional Agribusiness (+31% YoY), Trading (3.6x YoY), and Flour (+13% YoY) absorbed severe margin compression and reduced revenue contributions from Farms and Meats. EBITDA
Slide 42: AboitizFoods' financial highlights
AboitizFoods’ financial highlights Supported by EBITDA growth, 1H NIAT closed at PHP 2.3 billion (+8% YoY). Net results were further supported by a 2% YoY reduction in interest expense, reflecting disciplined working capital management across regional business units. NIAT PHPm 651 2,320 2,260 NIAT (
Slide 43: Coca Cola Philippines at a glance
Coca Cola Philippines at a glance Who are we? Coca Cola Europacific Aboitiz Philippines (CCEAP) is the exclusive bottler of Coke products in the Philippines. CCEAP has a 100+ year presence in the country and is the first Coca-Cola market outside of the Americas. 77% market share domestic non-alcohol
Slide 44: Aboitiz InfraCapital at a glance
Aboitiz InfraCapital at a glance Who are we? AIRPORTS Aboitiz InfraCapital (AIC) is a critical infrastructure-focused investment platform. WATER DIGITAL INFRASTRUCTURE BATANGAS TARLAC Investment Platform CEBU Transport and ILOILO Water Digital Infrastructure Mobility BOHOL 300 MLD 11.6m passengers W
Slide 45: Aboitiz InfraCapital's financial highlights
Aboitiz InfraCapital’s financial highlights Airports anchored overall growth, complemented by steady performance across water and digital infrastructure segments Revenue PHPm 1H25 1H26 YoY Remarks PHPm Airports 2,422 3,353 38% Overall foot traffic rose 4% YoY in 1H26, despite the ongoing Middle East
Slide 46: Aboitiz InfraCapital's financial highlights
Aboitiz InfraCapital’s financial highlights Beneficial EBITDA rose to PHP2.5b in 1H26 EBITDA 1H25 1H26 PHPm 2,501 Reflects 17% YoY increase in MCIA traffic 1,980 1,633 1,377 Growth attributed to Driven by effective ongoing tower cost controls expansion Results of effective cost 443 503 optimization
Slide 47: Aboitiz InfraCapital's financial highlights
Aboitiz InfraCapital’s financial highlights Strong operational performance in 1H26 narrowed the net loss by nearly half (-48% YoY) NIAT PHPm 1H25 1H26 51 -54 -93 -84 -144 -147 -162 -183 -278 -536 Airports Water Digital Infra Corporate expenses Total Note: Consolidated figures shown excludes Economic
Slide 48: Aboitiz Real Estate Group in a glance
Aboitiz Real Estate Group in a glance Who are we? Aboitiz Real Estate Group is a diversified platform of real estate solutions. Integration creates a clearer competitive edge Trust & Credibility Ecosystem Advantage as a reliable partner to enables communities where industry, industries and communiti
Slide 49: Aboitiz Real Estate Group's financial highlights
Aboitiz Real Estate Group’s financial highlights 1H26 Results ● The consolidated real estate business recorded a net PHPm loss of PHP 37 million in 1H26, compared to a PHP 4 million loss in 1H25, as lower Economic Estates (EE) 1H25 1H26 earnings offset a strong turnaround in the Residential 2,230 1,
Slide 50: Aboitiz Real Estate Group's financial highlights
Aboitiz Real Estate Group’s financial highlights EE leasing ramp-up and RFO residential sales cushioned lower 1H26 EE sales recognition Revenues Residential Sales Residential Leasing Economic Estates Sales Economic Estates Leasing PHPm The higher 1H25 base was driven by the initial recognition of a
Slide 51: Reservation sales trajectory
Reservation sales trajectory Economic Estates Reservation Sales PHPm and hectares in PHPm 1H25 1H26 Var 18 ha 110 Industrial 1,090 2,152 97% 9 ha 6 ha 9 ha Commercial 238 110 -54% 4 ha 123 7 ha 1,660 405 Total 1,328 2,262 70% 115 790 836 300 460 492 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Residential Reservat
Slide 52: Aboitiz Real Estate Group's financial highlights
Aboitiz Real Estate Group’s financial highlights Consolidated EBITDA declined 10% YoY, primarily due to a 27% decline in Economic Estates EBITDA from the timing of milestone-based revenue recognition, partially offset by a 26% increase in Residential EBITDA. The Residential segment benefited from im
Slide 53: Diversified product offerings
Diversified product offerings Industrial Lots for Sale Commercial Leasing Commercial Lots for Sale Industrial Residential Residential Leasing Leasing Units for Sale 53
Slide 54: Together we are building the Philippines' first techglomerate
aboitiz | 2) e12028 - Together we are building the Philippines’ first techglomerate
Aboitiz Equity Ventures — Investor Presentation (October 2026) on 6ix