Slide 1: FY2024 Presentation Material
FY2024 Presentation Material May 2025
Slide 2: Performance Highlights
Performance Highlights AGI P&L Highlights P&L Highlights, by key subsidiary 22% Revenue Attributable Income MEG EMI TRAV GADC 37% Revenue Share 14% 223.6 210.8 81.7 28% 183.6 19.6 16.9 17.4 152.8 61.6 15.0 128.8 47.9 6% 39.9 8.8 27% 18.7 Attributable Profit Share 6.3 67% 1.2 2.4 2020 2021 2022 2023
Slide 3: AGI 4Q24/FY24 Financial Performance
AGI 4Q24/FY24 Financial Performance • Strong topline performance buoyed In Pbn 4Q24 3Q24 QoQ chg 4Q23 YoY chg 2024 2023 YoY chg by real estate, hospitality and QSR segments, although profitability was Group Revenues 62.0 54.1 15% 60.4 3% 223.6 210.8 6% tempered by rising costs. Megaworld 21.7 20.6 5
Slide 4: Quarterly Performance Highlights
Quarterly Performance Highlights Revenue Attributable Income MEG EMI TRAV GADC MEG EMI TRAV GADC 61.7 59.7 56.6 54.0 6.5 49.7 51.3 50.4 13.5 48.8 12.3 0.6 11.8 5.5 5.3 11.6 5.2 5.1 0.5 5.3 5.1 10.0 10.6 11.4 0.3 5.0 0.7 10.3 8.0 8.1 0.2 0.3 0.1 0.2 0.3 0.3 0.3 0.3 9.2 0.0 7.3 1.7 1.0 7.8 8.3 7.1 1.4
Slide 5: Group Borrowings
Group Borrowings Gross Borrowings AGI Gearing MEG EMI TRAV GADC Parent & others Net debt (cash) Net debt/equity 0.47x 0.42x 250 0.36x 0.36x 222 0.32x 218 215 214 44 173 40 0 39 40 42 2 1 142 2 1 63 138 53 119 119 57 56 52 33 26 34 25 24 103 110 86 94 95 2020 2021 2022 2023 2024 2020 2021 2022 2023 2
Slide 6: Group Gearing
Group Gearing MEGAWORLD EMPERADOR TRAVELLERS GOLDEN ARCHES 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 Net debt (cash) Net debt/equity 0.39x 0.32x 0.30x 1.44x 0.08x 0.28x 1.39x 0.24x 0.20x 88.6 0.16x 0.12x 1.1
Slide 7: Capital Expenditure
Capital Expenditure AGI CAPEX, by key subsidiary 68 63 5 63 57 3 5 5 3 4 5 8 5 5 2024 Capex spent P68bn 4 48 4 1 (91% of the P75bn FY2024 budget) 36 4 2 1 6 1 46 50 51 50 P63bn FY2025 budget GADC 38 28 TRAV EMI MEG 2020 2021 2022 2023 2024 2025E 7 All items are in billion pesos
Slide 8: Enhancing Shareholder Value
Enhancing Shareholder Value SHARE BUYBACK PROGRAM DIVIDEND EMI ▪ Dividend per share: P0.19 ▪ Record date: January 31, 2025 ▪ Payment Date: February 18, 2025 96% AGI ▪ Dividend per share: P0.10 ▪ Record date: December 27, 2024 AGI ▪ Payment Date: January 24, 2025 • Buyback program size: P9.0bn • Amou
Slide 9: Megaworld Corporation
Megaworld Corporation 2024 Financial Performance 35 4,436 1,481 Township and Integrated Landbank Office GLA Lifestyle Communities (has) (‘000 sqm) 517 5,398 Lifestyle Malls GLA Hotel (‘000 sqm) Room Keys
Slide 10: MEG 4Q24/FY24 Financial Performance
MEG 4Q24/FY24 Financial Performance In Pbn 4Q24 3Q24 QoQ chg 4Q23 YoY chg FY24 FY23 YoY chg • All-time high in consolidated revenues, with each business Revenues 21.9 20.7 6% 21.1 4% 81.7 69.7 17% segment posting record-breaking results. Residential 13.1 13.0 1% 13.7 -4% 51.0 42.7 19% Office 3.7 3.3
Slide 11: MEG P&L Performance - Quarterly
MEG P&L Performance - Quarterly REVENUE EBITDA NET INCOME Development Rental Hotels Development Rental Hotels 9.1 9.0 9.0 9.0 0.2 8.5 0.2 0.2 0.2 5.3 5.2 19.4 20.1 0.2 5.0 19.1 7.7 18.6 1.5 7.2 1.2 17.9 1.3 7.1 0.1 4.4 1.2 0.1 1.1 0.1 4.1 4.1 4.1 15.4 4.3 4.5 14.6 15.0 4.6 5.5 4.6 3.8 4.7 4.8 4.4 5.
Slide 12: MEG P&L Performance - Annual
MEG P&L Performance - Annual REVENUE EBITDA NET INCOME Development Rental Hotels Development Rental Hotels 18.7 75.8 35.4 17.3 5.1 0.7 31.0 64.4 19.7 0.6 13.4 13.5 26.8 3.8 55.1 0.5 22.0 18.5 2.6 9.9 46.4 17.9 0.3 16.4 17.7 39.3 1.9 15.7 14.3 1.5 0.0 13.3 12.1 12.9 60.0 11.7 42.7 36.8 16.2 31.1 14.1
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 Development GP Margin Rentals Rentals EBITDA EBITDA Margin Rentals Rentals EBITDA EBITDA Margin 51% 21% 50% 50% 50% 50% 88% 88% 88% 89% 88% 88% 88% 17% 87% 15%
Slide 14: 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 Development GP Margin Rentals Rentals EBITDA EBITDA Margin Rentals Rentals EBITDA EBITDA Margin 89% 19% 50% 50% 87% 88% 88% 88% 16% 15% 49% 14% 46% 5.1 45% 51.0 1
Slide 15: Operational Updates
Operational Updates RESERVATION SALES PROJECT LAUNCHES CAPITAL SPENDING P131.9bn vs P145bn FY2024 target P31.8bn vs P40bn FY2024 target P50.8bn vs P55bn FY2024 target 2024 Launched Megaworld Townships • 32nd Township • 33rd Township • 150 hectares • 25 hectares • P5bn development capex for 10 years
Slide 16: Townships
35 Townships 5,554 hectares 16
Slide 17: 2025 Targets
CAPEX BUDGET PROJECT LAUNCHES RESERVATION SALES P50bn P20bn P130bn 2025 TARGETS PREMIER OFFICES LIFESTYLE MALLS HOTELS 139k PIPELINE 151k PIPELINE 3,550 ADDITIONAL HOTEL ROOM KEYS 2025-2026 2025-2026 2025-2029 17
Slide 18: Travellers International Hotel Group, Inc.
Travellers International Hotel Group, Inc. 2024 Financial Performance 2,742 5 86% Hotel International Hotel Occupancy Room Keys Hotel Brands (FY2024) 495 2,383 VIP and Mass Slots Gaming Tables
Slide 19: Travellers 4Q24/FY24 Financial Performance
Travellers 4Q24/FY24 Financial Performance In Pbn 4Q24 3Q24 QoQ chg 4Q23 YoY chg FY24 FY23 YoY chg • Net revenues steady as promotional expenses Total Gross Revenues 10.2 9.6 6% 10.3 -1% 39.9 41.2 -3% werecontained while GGR Gross Gaming Revenue 7.7 7.9 -3% 8.3 -7% 32.0 34.2 -6% declined;continued s
Slide 20: Travellers P&L Performance - Quarterly
Travellers P&L Performance - Quarterly GROSS REVENUES EBITDA Gross Gaming Non-Gaming 3.2 10.7 10.9 2.6 10.3 10.0 10.3 10.2 9.2 9.6 1.8 1.9 2.2 2.2 1.5 2.0 2.1 1.7 2.5 1.7 2.0 1.8 1.7 1.4 8.9 8.7 9.0 8.3 8.3 7.9 7.5 7.7 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 2
Slide 21: Travellers P&L Performance - Annual
Travellers P&L Performance - Annual GROSS REVENUES EBITDA Gross Gaming Non-Gaming 41.2 39.9 9.2 37.1 7.0 8.2 7.9 5.3 7.6 7.2 19.6 16.1 2.9 34.2 31.8 32.0 2.8 16.7 13.3 0.3 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 21 All items are in billion pesos
Slide 22: Travellers Key Operating Segments - Quarterly
Travellers Key Operating Segments - Quarterly GGR: MASS vs VIP AVERAGE DAILY VISITORS Mass VIP 8.9 8.7 9.0 8.3 8.3 45.6 7.9 44.1 7.5 7.7 41.8 41.8 40.7 38.7 37.4 36.5 4.5 5.0 3.9 3.8 5.5 3.6 3.3 3.2 4.4 4.5 4.3 4.5 4.3 4.3 3.4 3.7 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q123 Q223 Q323 Q423 Q124 Q224
Slide 23: Travellers Key Operating Segments - Annual
Travellers Key Operating Segments - Annual GGR: MASS vs VIP AVERAGE DAILY VISITORS Mass VIP 34.2 31.8 32.0 43.0 38.7 18.3 14.6 20.4 16.7 25.3 13.3 11.3 7.5 10.2 17.4 9.0 15.9 11.4 5.8 5.5 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 23 Note: All items are in billion pesos except average daily v
Slide 24: Travellers Expansion Plans
Travellers Expansion Plans Westside City Boracay Newcoast Mactan Newtown 24
Slide 25: Narra Palm Hotel & Villa
Narra Palm Hotel & Villa The Essence of Filipino Hospitality, Reimagined in the Luxury Space 157 Hotel Suites and Villas 5 Casino Private Gaming Suites 25
Slide 26: The biggest player in the PH leisure and tourism sector
CURRENT PORTFOLIO 2,742 Hotel Room Keys The biggest player in the PH leisure and tourism sector CURRENT PORTFOLIO 5,398 Hotel Room Keys 26
Slide 27: AGI Pursuing Expansion of MICE Venues
AGI Pursuing Expansion of MICE Venues 4,000 seating capacity 1,200 seating capacity 2,500 seating capacity Marriott Grand Ballroom Boracay Newcoast Convention Center Mactan Expo Center
Slide 28: Emperador Inc.
Emperador Inc. 2024 Financial Performance 6 5 Vineyards Distilleries in Spain in Scotland >100 25 Countries under Domestic Global Distribution System Sales Office
Slide 29: EMI 4Q24/FY24 Financial Performance
EMI 4Q24/FY24 Financial Performance In Pbn 4Q24 3Q24 QoQ chg 4Q23 YoY chg FY24 FY23 YoY chg • Revenues declined due to softer Revenues 18.4 14.6 27% 18.6 -1% 61.6 65.6 -6% demand for spirits amid ongoing domestic and global Brandy 11.3 8.3 36% 12.1 -7% 36.4 40.0 -9% macroeconomic challenges. Whisky
Slide 30: EMI P&L Performance - Quarterly
EMI P&L Performance - Quarterly NET REVENUE EBITDA REVENUES ATTRIBUTABLE INCOME* Brandy Whisky Brandy Whisky 18.6 18.4 15.6 15.5 16.0 2.4 15.5 2.3 6.4 14.6 7.1 2.1 2.1 13.1 1.9 5.8 6.8 1.7 6.7 6.7 6.2 1.3 1.4 1.5 5.2 1.2 1.2 1.0 0.9 1.0 12.1 11.3 1.5 9.8 9.2 8.9 8.8 8.3 7.9 0.9 1.0 1.0 0.9 0.9 0.9 0
Slide 31: EMI P&L Performance - Annual
EMI P&L Performance - Annual NET REVENUE EBITDA REVENUES ATTRIBUTABLE INCOME* Brandy Whisky Brandy Whisky 65.6 10.6 62.8 61.6 9.7 56.0 8.7 52.8 3.2 8.0 22.1 25.7 25.3 4.1 18.7 15.9 6.3 2.3 5.0 4.5 7.4 40.7 40.0 36.9 37.2 36.4 5.7 5.5 3.7 1.8 2020 2021 2022 2023 2024 2020 2021* 2022* 2023 2024 31 (*)
Slide 32: EMI Key Operating Segments - Quarterly
EMI Key Operating Segments - Quarterly WHISKY REVENUE, EBITDA BRANDY REVENUE, GROSS PROFIT , MARGIN GROSS PROFIT , MARGIN Whisky revenue Gross profit Margin Brandy revenue Gross profit Margin 46% 31% 29% 44% 44% 44% 25% 43% 43% 24% 24% 42% 42% 20% 18% 18% 7.1 6.7 6.8 6.7 6.4 6.2 12.1 5.8 11.3 5.2 9.
Slide 33: EMI Key Operating Segments - Annual
EMI Key Operating Segments - Annual WHISKY REVENUE, EBITDA BRANDY BRANDY REVENUE, REVENUE, GROSS PROFIT , MARGIN GROSS GROSS PROFIT PROFIT ,, MARGIN MARGIN Whisky revenue Gross profit Margin Brandy revenue Gross profit Margin 34% 28% 44% 44% 25% 25% 42% 21% 40% 40.7 40.0 36% 25.7 36.9 37.2 36.4 25.3
Slide 34: Invergordon Distillery Expansion of Maturation Complex
Emperador Expansion Project Invergordon Distillery Expansion of Maturation Complex Doubling footprint to 92 hectares and to build 120 new warehouses in the coming decades for an additional 1.5 million casks 34
Slide 35: Los Danzantes Acquisition
Los Danzantes Acquisition Emperador, through its subsidiary Casa Pedro Domecq, acquired a majority stake in Los Danzantes – a premium Mezcal company
Slide 36: Golden Arches Development Corporation
Golden Arches Development Corporation 2024 Financial Performance 792 592 Store McDelivery Hotel Count Hubs Room Keys 521 699 Stores with NXTGEN Drive-thru Stores
Slide 37: GADC 4Q24/FY24 Financial Performance
GADC 4Q24/FY24 Financial Performance In Pbn 4Q24 3Q24 QoQ chg 4Q23 YoY chg FY24 FY23 YoY chg • Systemwide sales growth Systemwide Sales 22.4 19.3 16% 20.9 7% 81.4 74.4 9% remained robust, driven by product innovations and strategic promotional Sales Revenues 13.4 11.6 16% 12.1 10% 47.9 42.8 12% init
Slide 38: GADC P&L Performance - Quarterly
GADC P&L Performance - Quarterly NET SALES REVENUE SALESREVENUE REVENUES ATTRIBUTABLE INCOME Rent, Royalty, & Others Sales by co-operated restaurants 13.4 1.1 1.1 12.1 11.7 11.6 0.9 11.3 10.6 1.1 10.2 1.1 1.0 9.9 1.0 1.0 0.9 0.9 0.6 0.6 0.5 0.5 12.4 11.0 10.6 10.6 0.4 10.3 9.3 9.6 9.0 0.1 Q123 Q223
Slide 39: GADC P&L Performance - Annual
GADC P&L Performance - Annual NET SALES REVENUE SALES REVENUE REVENUES ATTRIBUTABLE INCOME Rent, Royalty, & Others Sales by co-operated restaurants 47.9 42.8 4.0 2.5 2.4 3.9 34.4 3.1 1.8 24.9 19.8 2.2 43.9 1.8 39.0 0.9 31.3 22.7 18.0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 -0.6 39 All item
Slide 40: GADC Operational Performance
GADC Operational Performance SYSTEMWIDE SAME-STORE EBITDA ATTRIBUTABLE INCOME EBITDA ATTRIBUTABLE NUMBER OF INCOME STORES SALES GROWTH Quarterly End-of-period NCR Luzon Visayas Mindanao 28% 28% 792 22% 740 19% 704 64 655 671 59 56 88 15% 50 51 75 72 69 71 16% 15% 358 394 283 298 325 6% 5% 6% 6% 3% 5
Slide 41: 2025 Target New Stores
65 New Stores 2025 Target
Slide 42: AGI Group supported UN Sustainable Development Goals
AGI Group supported 17 UN Sustainable Development Goals
Slide 43: Energy Efficiency Measures
100% CARBON NEUTRAL (MEG-owned offices and malls) 324,303 100% TREES PLANTED RENEWABLE ENERGY (by employees and volunteers) (MEG-owned offices and malls) 39 GREEN BUILDING CERTIFICATES (20 LEED, 7 IMMUNE, 12 GOOD TRAVEL SCAN) Energy Efficiency Measures 34,000 MWh 3,000 MWh saving/year from saving/ye
Slide 44: Innovating for a Low Carbon Future
Innovating for a Low Carbon Future Process Technological Integrated Optimization and Upgrades and Monitoring and Operational Renewable Energy Testing Efficiency Integration SOLAR ROOFTOP AND LAMP POSTS RAINWATER ECO-PAVERS/ HARVESTING TANK ECO BRICKS GREEN BUILDING PACKAGING AND SOLUTIONS WASTE DISP
Slide 45: Key Takeaways
Key Takeaways ▪ AGI posted a new record level in consolidated revenues in 2024, driven by sharp increases in real estate sales, mall and office revenues, tourism-related activities and QSR spend. ▪ AGI is looking at 2025 with cautious optimism amid economic challenges. ▪ AGI intends to take advantag
Slide 46: FY2024 Presentation Material
FY2024 Presentation Material May 2025