Gt Capital Holdings, Inc. · PSE:GTCAP
Gt Capital — Q1 2025 Earnings Presentation
41 slides from Gt Capital's earnings presentation, May 16, 2025
Slide 1: First Quarter 2025 Financial and Operating Results Briefing
First Quarter 2025 Financial and Operating Results Briefing via Zoom Friday, 16 May 2025 2:30 PM For more information, visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph
Slide 2: Macroeconomic Highlights
Macroeconomic Highlights GT Capital First Quarter 2025 Financial and Operating Results Briefing
Slide 3: Macroeconomic Indicators
Macroeconomic Indicators GDP GDP Quarterly (%YoY) Industry Drivers for First Quarter 2025 GDP Growth Pre-Pandemic Years 12.0 5.4% 1Q 2025 5.6 5.5 6.0 6.4 7.8 8.2 7.5 7.67.1 6.4 5.8 5.4 Financial and Insurance +7.2% versus 5.7% Bloomberg Consensus 1Q 2025 6.9 4.3 6.0 5.5 6.4 5.2 5.3 Activities 5.8% 1
Slide 4: Macroeconomic Indicators
Macroeconomic Indicators 2024 Regional GDP Growth Rates (%) 7.30 6.90 6.50 6.30 6.20 6.00 5.90 5.59 5.56 5.50 5.30 4.94 4.92 4.80 4.40 FY24 GDP: 5.70 4.30 4.20 2.70 Cent. Caraga Cent. Davao East. North Negros NCR CALA- SOCCK Cagayan Ilocos Bicol CAR MIMA West. Zamb. BARMM Vis. (XIII) Luzon (XI) Vis.
Slide 5: Macroeconomic Indicators
Macroeconomic Indicators OFW 2.3% 3.4% 3.1% 3.6% USD B 3.4% %YoY 3.4% 2.8% Other Macroeconomic Indicators 2.6% 3.3% Remittances 3.0% 3.1% 3.0% 2.7% FDI USD529M net inflows (In USD B) Jan-Feb 2025 -61.9% 10.3 9.4 8.7 8.4 9.4 9.6 8.9 8.7 9.7 10.0 9.2 9.0 10.0 Overall USD2.96B deficit USD9.4B BOP 1Q 20
Slide 6: Macroeconomic Indicators
Macroeconomic Indicators Inflation PH Inflation US Inflation Most institutions expect inflation to further ease in 2025 2.1% Jan-Apr 2025 Institution Mar-25 Est. Apr-25 Est. 8.0% BSP 3.5% 2.3% 3.2% Bloomberg 3.0% 2.7% Average for FY 2024 Reduction on Consensus Rice Tariff from 6.0% FY2023 Average 6.
Slide 7: Macroeconomic Indicators
Macroeconomic Indicators BSP Policy Rate USDPHP Fed Funds Rate BSP Rate -25 bps 7.00 60 Jan-May 2025 Peak Oct 13, 2022 6.50 5.50% USDPHP 59.00 6.25 6.25 6.00 6.00 5.75 58 RRR 5.50 5.50 5.25 -200 bps 5.00 Jan-May 2025 5.00 5.00 4.75 5.50 56 4.50 Key Policy Rate (%) 5.0% 4.25 Php320B freed up 4.00 4.5
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights GT Capital First Quarter 2025 Financial and Operating Results Briefing
Slide 9: Core Net Income Php8.70 Billion 1Q2025
GT Capital Financial Highlights 1Q 2025 Core Net Php8.70 Billion 1Q2025 +27% Income Php6.86 Billion1 1Q2024 Reported Php9.14 Billion2 1Q2025 +29% Net Income Php7.11 Billion3 1Q2025 1) Php495 M share in MPIC’s nonrecurring gains, offset by Php54 M effect of business combination 2) Php93 M share in MP
Slide 10: GT Capital Financial Highlights 1Q 2025
GT Capital Financial Highlights 1Q 2025 Revenues Revenues Gross Premium Share in Opr. Core Inc. Revenues Php38.1B +8% Php2.8B -9% Php8.5B +17% Php7.9B +16% Php69.5B +24% Net Income Net Income Net Income Core Net Income Net Income Php12.3B +2% Php119M -59% Php650M -11% Php6.6B* +18% Php6.3B* +57% • G
Slide 11: GT Capital Net Income Contribution per Sector 1Q 2025
GT Capital Net Income Contribution per Sector 1Q 2025 Others Property Others Property 4% 4% 3% 1% Infra Infra 12% 13% Auto 26% Auto 35% Banking Banking 54% 47% 1Q 2024 1Q 2025 Banking + Auto = 80% Banking + Auto = 82% 11
Slide 12: Operating Company Highlights
Operating Company Highlights GT Capital First Quarter 2025 Financial and Operating Results Briefing
Slide 13: Metrobank Financial Highlights
<> Metrobank FN GT CAPITAL a | =” HOLDINGS INCORPORATED You're in good hands Thank you for your trust Ao : ofa il Financial Highlights A\\\
Slide 14: Metrobank Financial Highlights 1Q 2025
Metrobank Financial Highlights 1Q 2025 MBT Loan Growth vs. GDP Growth MBT Gross Loans (%YoY) PH GDP (%YoY) Php 1.85T 14% 12% 15% 16% 17% 16% 7% 9% 5% 6% 5% 6% 6% 8% 4% -1% -8% -13% 2020 2021 2022 2023 1Q24 2Q24 3Q24 4Q24 1Q25 Loan Growth Drivers Corp. & Mid-Mkt. %YoY +17% Credit Cards % YoY +18% Aut
Slide 15: Summary of Key Results
Summary of Key Results • Net Income of Php12.3B +2% and Pre-Provision Operating Profit of Php18.8B +9% in 1Q 2025 • Loan growth of +16% to Php1.85T, 3.0x GDP growth • Deliberate expansion of consumer segment +16%, driven by credit cards +18% and auto +21% • Net Interest Income of Php29.4B +9% (77% N
Slide 16: Industry Highlights
GT Capital Holdings Industry Highlights P- GT CAPITAL HOLDINGS INCORPORATED
Slide 17: Residential Supply and Demand 1Q 2025
Residential Supply and Demand 1Q 2025 Residential Demand Mix High End Luxury (over Php12M) Metro Manila Residential Condominium Supply and Demand Launches (Supply) RFO (Supply) 1Q Take-up (Demand) 2Q-4Q Take-up (Demand) Upscale (Php7-12M) 100,000 Middle Income (Php2.3-7M) “Home loans outside Metro M
Slide 18: Office Supply and Demand 1Q 2025
Office Supply and Demand 1Q 2025 Metro Manila Office Supply, Demand, Vacancy Rate Office Demand Mix BPO POGO Office Supply (Incremental) Office Take-up (Incremental) Vacancy Rate (Cumulative) Traditional Government 15.7% 18.8% 19.3% 19.8% 16.0% 1.20 1.07 1.12 278K 0.98 45% 1.00 sqm 0.91 1Q25 55% 0.8
Slide 19: Financial Highlights
GT Capital Holdings Financial Highlights P- GT CAPITAL HOLDINGS INCORPORATED
Slide 20: Federal Land Financial Highlights
Federal Land Financial Highlights 1Q 2024 Monthly Reservation Sales (Php M) Reservation Sales Mix High End Luxury (over Php12M) 2025 2024 Upscale (Php7-12M) Haru and Aki 2,497 (1Q 2025) Affordable (<7M) RPN commercial 2,081 1,929 17% lots (1Q 2025) 1,638 1,600 1,451 Php5.9B 1,372 17% 1,362 1Q25 1,21
Slide 21: Summary of Key Messages
Summary of Key Messages • Deliberate shift to horizontal projects resulted in strong reservation sales of Php5.9 billion +49% driven by the following projects: • The Seasons Residences (BGC) • Riverpark North Commercial Lots (Cavite) - sold out • Hartwood Phase 1 (Biñan) • Equity in income from JVs
Slide 22: Automotive Sector Highlights
Automotive Sector Highlights
Slide 23: 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* 439 402 400 410 361 322 269 280 208 242 183 142 117 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E Excise Tax Pandemic Source:
Slide 24: Philippine Automotive Sector
Philippine Automotive Sector In line with economic growth Car Sales GDP Per Capita Motorization 4,500 600 3,910 4,000 3,741 3,572 500 3,431 3,414 3,131 3,280 Retail Vehicle Sales (in 000 units) 3,500 3,108 3,198 Per Capita GDP (in USD) 3,000 400 3,050 2,500 2,844 2,974 Motorization: 2,718 3,000 2,46
Slide 25: Financial Highlights
CP) “GT CAPITAL TOYOTA Financial Highlights
Slide 26: Key Highlights 1Q 2025
Key Highlights 1Q 2025 Revenues Industry Monthly Retail Vehicle Sales (In 000 Units) P69.5B +23.8% Retail Vehicle Sales 2023 2024 2025 117,466* Units 39.0 39.2 40.6 Net Income in 1Q 2025 P 6.3B +57.1% +6.6% YoY (excl BYD) +10.0% YoY (incl BYD) vs. 110,196 in 1Q 2024 Wholesale Volume Jan Feb Mar Apr
Slide 27: Toyota Retail Sales Highlights 1Q 2025
Toyota Retail Sales Highlights 1Q 2025 TMP Top Selling Passenger Cars (Ranked by units) Toyota Market Share Segment 69% 2021 2022 2023 2024 1Q 2025 36% 38% Share 1Q 2025 No.1 46% 48% 46% 46% 47.3% Vios Wigo Camry Overall Sales 1Q 2025 Unit Sales 5,576 4,203 137 No.1 61% 60% 53% 55% 44.4% TMP Top Sel
Slide 28: Electrified Vehicle Market
Electrified Vehicle Market Growing at a fast pace HEV PHEV BEV 24,298 818 3% 4,929 20% 11,584 +126% 537 5% 9,337 136 135 1% 1% 18,551 4,128 3,902 42% 3,636 10,911 94% 76% 229 6% 358 1,165 195 5,300 1,127 3,530 3,899 94% 57% 189 337 2019 2020 2021 2022 2023 2024 1Q2024 1Q2025 *FY2024 and 1Q2025 figur
Slide 29: 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 5.55% 7.40% 1Q 2025: 71% 92% 85% 0.05% 0.29% 0.54% 1.05% 2.97% 14% 8% 17% 35% 7.1% (1Q 2024: 5.8%) Toyota HEV Unit Sales Lexus HEV Unit Sales +103% +59% 11,968 2,089 +3
Slide 30: Sales Growth Supplemented by TFSPH
Sales Growth Supplemented by TFSPH 1Q 2025 TFS Quarterly Applications and Penetration Applications +4% Penetration 27% Bookings 68,344 66,148 59,372 60,683 60,218 56,382 56,732 57,385 57,382 56,825 58,037 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 31: Toyota CKD Model Performance
Toyota CKD Model Performance Toyota CKD Models CKD/CBU Mix 1Q 2025 Higher production CBU CKD in Toyota Sta. Rosa 36.4% Assembly Plant Subcompact PC 26% Segment Share 1Q 2025 63,351 74% units to be assembled FY 2025 plan 36.9% MPV 60,098 1Q 2025 units assembled Segment Share FY2024 1Q 2025 VS 27% 56,
Slide 32: Lexus maintains Market Leadership in the Auto Luxury segment
Lexus maintains Market Leadership in the Auto Luxury segment Overall Market Share (Luxury) For the year of 2024 53.7% in 1Q 2025 1Q 2025 1Q 2024 57.0% 21.0% 17.2% 7.0% 1.1% BMW Mercedes Land Rover Others Source: Lexus 32
Slide 33: Summary of Key Messages
Summary of Key Messages • The Philippine automotive industry recorded unit sales of 117,466, reflecting a +6.6% increase, while TMP posted sales of 55,513 units, marking an 11.8% growth. • 47.3% TMP market share • 53.7% Lexus market share • Growth from provincial network at 64.0% of total sales • Th
Slide 34: Moving Forward
CGT CAPITAI Pushing Boundaries HOLDINGS INCORPORATED Achieving More Moving Forward
Slide 35: Riverpark Updates
Riverpark Updates Riverpark North Commercial Lots SM General Trias Riverpark North Commercial Lots Actual Photo as of May 2025 100% sold as of May 2025 • Turnover by 4Q2027 • Total Land Area: 6.9 hectares • 4 hectares allocated for commercial use • 1,300 square meters average lot size
Slide 36: Riverpark Updates: SM General Trias
Riverpark Updates SM General Trias • Target completion date: Mid-2026 • 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 Actual Photo as of May 2025 Artist’s Perspective ©2023 GT Capital Investor Relations
Slide 37: Riverpark Updates: Uniqlo Logistics Facility
Riverpark Updates Uniqlo Logistics Facility Artist’s Perspective • Target completion date: February 2026 • 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 Phot
Slide 38: Toyota GR Yaris Model Launch
Toyota GR Yaris Model Launch February 2025
Slide 39: CALAX Construction Updates
CALAX Construction Updates Estimated CALAX Completion Dates o Riverpark Lancaster Interchange – 4Q2025 o Riverpark GT Interchange – 2027 o Kawit Interchange – 4Q2025 o Two tollway interchanges in GT Cavite land bank LANCASTER INTERCHANGE Commercial Lots RIVERPARK GT (Fully Sold) INTERCHANGE Commerci
Slide 40: Our Key Messages
Our Key Messages • Strong first quarter results - Core net income Php8.70 billion +27% in 1Q 2025 • Metrobank net income Php12.3 billion +2% • Metro Pacific record core net income Php6.6 billion +18% • TMP record retail vehicle sales 55,513 units +11.8% and record net income Php6.3 billion +57% • Co
Slide 41: Thank You!
Thank You! First Quarter 2025 Financial and Operating Results Briefing via Zoom Friday, 16 May 2025 2:30 PM For more information, visit gtcapital.com.ph/investor-relations or contact IR@gtcapital.com.ph