Filinvest Development Corporation · PSE:FDC
Filinvest Development — FY2024 Earnings Presentation
30 slides from Filinvest Development's earnings presentation, Mar 13, 2025
Slide 1: FY 2024 Financial and Operating Results Analysts' Briefing
FILINVEST DEVELOPMENT CORPORATION FY 2024 Financial and Operating Results ANALYSTS’ BRIEFING
Slide 2: Agenda
DEVELOPMENT CORPORATION AGENDA 1. Message from the President & CEO Consolidated Results Business.Segment Results Moving Dreams Forward — 70" Anniversary - Q&A RON
Slide 3: Opening Remarks
._ OPENING REMARKS Chiqui A. Huang President and CEO
Slide 4: Consolidated Financial Results and Business Segment Performance
CONSOLIDATED FINANCIAL RESULTS and BUSINESS SEGMENT PERFORMANCE Ven Christian S. Guce CFO and Treasurer
Slide 5: A Banner Year for Filinvest as it Enters its Anniversary
A Banner year for Filinvest as it enters its 70 Anniversary Revenues and Consolidated Net Attributable Net Other income Income Income +22% +29% +36% Consolidated Net Attributable Net Income Growth Income Growth Revenue Growth
Slide 6: FY 2024 Consolidated Results
FY 2024 Consolidated Results < Strong broad-based portfolio growth in revenues and income +22% 2024v23 +36% Power 2024v23 . Banking Hospitality a +28% +58% i 2023v22 2023v22 Real Estate Real Estate 2023 2024 2023 207 ee FILINVEST DEVELOPMENT CORPORATION Banking
Slide 7: Transitioned to a well-balanced portfolio
Transitioned to a well-balanced portfolio P38.6B P113.5B Contribution THM Realestate-Leasing [i Sugar [Power : Contribution | Growth vs PY 16% Seneennensncenseeencnscneenenennesncnenneennnceal 34% | +28% Cyclical industries Fe ‘Contribution | Growth vs PY Contrpation Recllestetia= Thracling Banking
Slide 8: Consolidated Revenues and Other Income (in PHP Bn)
Consolidated Revenues and Other Income (in PHP Bn) >+20% Ambition +22% 3Y CAGR 114 +16% Pandemic Years 6Y CAGR 93 84 73 71 64 35 2013 2019 2020 2021 2022 2023 2024 2030
Slide 9: Net Income attributable to parent equity holders (in PHP Bn)
Net Income attributable to parent equity holders (in PHP Bn) >+20% Ambition +19% +26% 6Y CAGR 3Y CAGR 11.9 12.1 Pandemic Years 8.5 8.9 6.1 5.7 4.3 2013 2019 2020 2021 2022 2023 2024 2030
Slide 10: Significant financial flexibility and enhanced returns on capital and assets
Significant financial flexibility and enhanced returnson capital and assets (In ® millions) ROE Cash and Cash Equivalents 52,317 48,962 (0) 4 8.5% TOTAL ASSETS 813,680 734,934 nL Ipots Long-term debts 137,331 132,372 -“PP TOTAL LIABILITIES 627,300 557,242 Retained Earnings 127,792 119,712 ROIC TOTAL
Slide 11: Net Zero F/X Exposure
Net Zero F/X 99.998% Exposure 0% I 30% I 70% Fixed-Rate Debt1 Prefs I Bonds I Loans Mix % PHP-denominated debt1 5.92% 0.46x (+0.01 y/y) 5.4x (+0.7 y/y) Average borrowing cost2 Net debt to equity2 Interest Coverage Ratio2 Notes: 1. Only includes parent level debt as of 31 December 2024 2. Consolidate
Slide 12: Revenue Contribution: Business Segment Summary
Revenue Contribution Business Segment Summary
Slide 13: Real Estate
REAL ESTATE Solid residential sales and higher mall rentals 2023 a (In ® billions) Change Revenue and Other Income 28.1 25.4 +10.5% Residential 17.6 16.1 +9.1% Leasing 8.5 7.7 +10.7% Other Income 2.0 1.6 +23.0% OPEX (15.3) (14.9) +2.7% EBITDA 12.8 10.5 +21.9% Consolidated Net Income 5.9 5.8 +1.6% Ne
Slide 14: GEO Mix & Growth
GEO Mix & Growth FY 2024 Reservation (Option) Sales Breakdown per Region ▲ ▲ ▲
Slide 15: Residential Real Estate Sales
Residential Real Estate Sales In Million Pesos ₱ ▲ • • •
Slide 16: Real Estate: Base for future growth
REAL ESTATE Base for future growth & continue to play on Filinvest’s strengths in the regions 2024 RESIDENTIAL "PB 27B Total Value FILINVEST DEVELOPMENT CORPORATION
Slide 17: 3,641 4,809 3,173 +15% 4,660 +3% ▲ ▲ 2023 2024
3,641 4,809 3,173 +15% 4,660 +3% ▲ ▲ 2023 2024
Slide 18: Financial and Banking: Business Segment Summary
FINANCIAL and BANKING Business Segment Summary
Slide 19: Financial and Banking
FINANCIAL and BANKING Accelerated growth from higher yielding consumer loans and improved cost-to-income (In ® millions)! Net Interest Income 33.5 28.2 Non-Interest Income 8.9 74 OPEX (23.5) — (20.3) Net Income 7.6 6.1 Net Income to Parent 5.8 4.6 Net Income CET1 10.8% 25% 13% (1) Ona stand-alone ba
Slide 20: Gaining momentum through consumer lending
FINANCIAL and BANKING Gaining momentum through consumer lending Personal & Others, 3% Personal & Others 2% Corporate Corporate 18% 20% 2023 Loan Base 2024 Loan Base Consumer Lending Growth A 16% Loan base growth +13% Consumer lending portfolio accounts for 82% of total loans. FILINVEST DEVELOPMENT C
Slide 21: Dec-22 Jun-23 Dec-23
▲ ▲ 8.30% 8.00% 8.11% 7.70% 7.81% 7.40% 7.60% 7.10% 7.48% 6.80% 7.10% 6.50% Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 2022 2023 2024
Slide 22: Revenue Contribution: Business Segment Summary
Revenue Contribution Business Segment Summary NIAT Contribution P4.3B C 29%
Slide 23: Power and Utilities
POWER and UTILITIES Higher energy sales and plant efficiencies boosted FY 2024 outperformance (In ® billions) 2023 % Change Net Income Growth% Revenue and Other Income 24.5 17.6 +39.6% ~50, OPEX (17.1) (12.1) 441.3% ° Return on Equity % EBITDA 7.4 5.5 +34.5% 32 5% . oO Net Income (Attributable) 4.3
Slide 24: ₱ ₱
₱ ₱
Slide 25: Hospitality
HOSPITALITY Broad-based growth from higher rooms sold, ADR and contribution of F&B (In ® billions) Change Revenue and Other Income 4.3 3.4 OPEX (3.2) (2.6) EBITDA 1.2 0.9 Net Income 0.3 0.1 Average Daily Rate Growth% Sold Rooms Growth% Oo 0 12% 12% P5,086 ~ 414,000 rooms' {1} Including Condotels | F
Slide 26: Hospitality: Broad-based growth from higher rooms sold, ADR and F&B
HOSPITALITY Broad-based growth from higher rooms sold, ADR and F&B Strong domestic and international tourism propped growth in rooms sold and average daily room rates # Sold Room Growth 5,086 +12% Ave. daily room Rate (In PHP) ADR growth +12% ADR growth +13% @ 2022 @ 2023 m 2024 F&B a key contributo
Slide 27: Expansion of the hospitality portfolio
HOSPITALITY Expansion of the hospitality portfolio Portfolio comprised of 7 hotels with over 1,800 keys and 2 world-class 18-hole golf courses, operating under 4 homegrown internationally recognized brands: Crimson, Quest, Timberland Highlands and Grafik @ Guest CRIMSON @ TIMBERLAND HOTELS & RESORTS
Slide 28: Sugar: Business Segment Summary
SUGAR Business satin Summary=
Slide 29: Sugar
SUGAR Sweetest year for Sugar 2023 1 (In ® billions) Change Revenue and Other Income 5.9 5.1 +15.4% OPEX (4.7) (4.1) +16.0% EBITDA 1.1 1.0 +10.0% Net Income 0.8 0.6 +26.3% DEVELOPMENT CORPORATION
Slide 30: Thank You.
Thank You.