SM Investments : 3M 2024 Investor Presentation

Investor Presentation

May 2024

Table of Contents

03	We are SM	51	Annex
11	Recent Developments	52	SMIC 10-Year Performance
18	Our Businesses	53	Financials
19	Retail	61	Our 2022 Integrated Report
24	Property	62	Contact Information
33	Banking
35	Portfolio Investments
44	Philippine Macroeconomics

We are SM

Our Vision

To build an ecosystem of sustainable businesses that are catalysts for responsible development in the communities we serve.

Our Mission

We will provide a consistently high standard of service to our customers, look after the welfare of our employees and deliver sustainable returns to our shareholders, at all times upholding the highest standards of corporate governance and environmental stewardship in all our businesses.

What We Stand For

Entrepreneurship	Drive and	Teamwork
Enthusiasm

Integrity Leadership

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About SMINVESTMENTS

SM Investments is a leading Philippine conglomerate that is invested in market leading businesses in retail, banking and property. It also invests in ventures that can capture high growth opportunities in the emerging Philippine economy

Strong Proxy for Philippine Recovery and Long-Term Growth

• Market leading consumer-centric businesses
• Strong brand franchise
• Extensive group synergies

Business Enabler

• Partner of choice
• Access to capital and SM's extensive network of businesses, customers, tenants and suppliers
• Strong management commitment to partner success

Culture of Sustainability

• Creates shared value for all our stakeholders with focus on material UN SDGs
• Catalyst for responsible development in the communities we serve
• Environmental responsibility and disaster resilience
• Strong governance and prudent financial management

Our OurLeadershipLeadership Team Team

Amando	Teresita T. Sy	Henry T. Sy, Jr.
Tetangco Jr.
Vice Chairperson	Vice Chairman
Chairman

Harley T. Sy	Ramon M. Lopez	Tomasa H.
Lipana
Director	Independent	Lead Independent
	Director	Director

Frederic C. DyBuncio

President/CEO

Robert G.

Vergara

Independent

Director

We are a purpose driven company with the fundamental belief that business growth and social development go together. To make this happen, we have established strong governance principles that ensure fairness and transparency in our dealings with third parties and protect the rights of our minority partners

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Our Businesses

RetailProperty

77.3%	49.7%
SMRETAIL	SMPRIME

Banking

45.3%	22.5%
BDO	China Bank

Portfolio Investments

26.6%	34.1%
Belle Corp	Atlas Mining
34.0%	95.0%
Neo Associates	Neo Subsidiaries
67.2%	51.0%
2GO Group	Airspeed
71.3%	64.1%
MyTown	Goldilocks
100.0%	28.8%
Philippine	CREIT
Geothermal

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Leading Philippine Conglomerate

Our three largest companies - SMIC, SM Prime and BDO - comprise ~30% of the value of the Philippine Index

Philippine Conglos

Market Cap ($ bn)

SMIC	20.2
Golden MV Holdings	10.2
Ayala Corp	7.3
JG Summit	5.1
Aboitiz Equity	4.8
SMC	4.8
DMCI	2.5
GT Capital	2.4
LT Group	1.8

Source: Bloomberg;

As of May 8, 2024

Philippine Retailers

Total Sales ($ mn)

SM Retail	1,635
Puregold*	824
RRHI	777

*Data as of 3M 2024

Philippine Retailers

Store Count

SM Retail	3,998
RRHI*	4,519
Puregold	558

Source: As of latest available company data *Including TGP

Philippine Banks

Total Assets ($ bn)

BDO	76.6
MBT	59.0
LBP	57.3
BPI	50.4
CHIB	29.3
RCBC	22.6
PNB	21.3
UBP	19.9
SECB	17.4
DBP	17.2

Source: Consolidated statements of condition (SOC), Dec 2023

Property Developers

Market Cap ($ bn)

SM Prime	14.0
Ayala Land	7.2
Robinsons Land	1.3
Megaworld	0.9
Vistaland	0.3
Double Dragon	0.3
Filinvest	0.3

Source: Bloomberg;

As of May 8, 2024

Our Business Footprint

Philippines

3,998 retail outlets

86 malls

2,377 bank branches

Luzon (ex-NCR)	Metro Manila (NCR)
2,558 retail outlets	992 retail outlets
47 malls	25 malls
834 bank branches	965 bank branches

Visayas	Mindanao
273 retail outlets	175 retail outlets
7 malls	7 malls
299 bank branches	279 bank branches

GDPPopulation

DistributionDistribution

2023 Regional GDP Growth

NCR 4.88%

Luzon 5.69%

Visayas 7.10%

Mindanao 5.21%

Philippines 5.55%

Data as of 3M 2024

How We Create Shared Value

Our Valued Resources

Our ability to operate is based on our access to several capitals that provide our financial, non-financial and critical relationship assets.

OurBrand

Our Connection to Our Customers

Our Empowered the People

Our Integrated Developments

Our Relationship with Our Communities

Our Inclusive Supply Chain Network

Our Natural Resources

Our Financial Resources

What We Do

These enable our businesses to work together as an ecosystem of related activities to achieve their collective goals. This makes us quite unique

How we Operate

As a retail centered group, our customer focus is key to our operations. In a high growth market, it's also important we remain focused on our expansion to serve more Filipinos.

As a long-term thinking group, financial prudence and good governance are also essential for us to stay the course

Our Impact

And we think we are having a rea impact on our important stakeholders in the following areas

We Create Socio-Economic Opportunities	We Create Positive Community Impact
140,029	68%	11,750	317 Health Centers
Jobs Created	Mall Tenants that	Scholars to date	and Medical Facilities
	are MSMEs		built and renovated to
			date
PHP62.72bn	Diversity	1.24mm Patients	10.5mm + vaccine
Loans Released	62% Women	served in 1,874	doses administered in
to MSMEs		Medical Missions	SM Malls
We Facilitate Responsible	We advocate for National Growth and
Urbanization and Development	Partnership
3 Marine	42.5mn m3	10% CapEx for	84 SMDC
Protected Areas	Total Water	Disaster Resiliency &	Residential Units
	Recycled	Sustainability
58 Renewable	at least 50% of	18	22
Projects Funded	SMPH Energy use	Office Buildings	Total Integrated
with 2,252 MW	from Renewable		Lifestyle Cities
Capacity	sources		Nationwide
We Promote Natural Habitats	We Generate Sustained Returns
and Environmental Stewardship
PHP22.7bn	PHP56.7bn	PHP61.7bn	PHP7.5bn
Payment to the	BDO financing for	Net Income	Total dividends
government	national projects		paid in 2022
WWF x SM	UN WEPs signatory	Awarded Industry	6
Climate Summit		Top Rated,	SM companies
for Climate		Regional Top	awarded by
Alliance	over 2.6mm seedlings	Rated by	ASEAN CG Awards

and trees planted and	Sustainalytics
maintained

External Recognitions

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