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#1Philippine National Bank Company Brief June 2020 PNB You first.#2PNB You first. Page 1 Company Introduction 3 2 Financial Highlights 9 3 Board of Directors & Senior Management 13 4 Awards & Citations 16#3About PNB PNB ■ Philippine National Bank is one of the country's largest private universal banks in terms of assets, loans and deposits. It provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas Filipinos. PNB has 715 branches and 1,681 ATMs strategically located nationwide. The Bank maintains its position as the Philippine bank with the most extensive international reach with 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. Backed by over a century of stability and excellence, PNB looks forward to more years of serving its customers first. You first. Philippine National Bank PNB www.pnb.com.ph www.pnb.com.ph ATM Page 3#4Products and Services PNB provides a full range of quality products and services to a wide customer base: Branch Banking Retail Lending Institutional Banking Trust & Wealth Mgmt Treasury Services PNB You first. Remittance Services ⚫ Deposit Accounts • e-Banking Services • Cash Management Solutions • Home Loans • Fixed Income . Auto Loans • Corporate & • UITFS • Salary Loans Middle Market • • Personal Trust • SMES • Trade Finance . Corporate Trust Investments Foreign Exchange Services . OPHL • Financial Institutions • PNB Wealth Management Through its subsidiaries and affiliate, the Bank also engages in: Insurance Non-life insurance Life Insurance Investment Banking • Underwriting • Distribution of Securities • Financial Advisory • Project Finance Loan Syndication Stock Brokerage • Equities Trading . Interest Rate Swaps Leasing Stock Market Research • Financial Leases • Operating Leases Receivable Discounting • Sending/ Receiving • Global Filipino Card • Overseas Bills Payment Page 4#5Major Milestones 1980 Became the first universal bank in the Philippines 1999 The Lucio Tan Group acquired around 35% of PNB's total outstanding capital stock and joined the Bank's Board of Directors. 2005 Joint sale of Government and Lucio Tan Group shares 2013 Merged with Allied Banking Corporation (ABC) on February 9, 2013 2015 Successfully closed and signed a USD150 million 3-year syndicated term loan facility 2019 PNB You first. PNB inked a Syndicated Loan amounting to USD250M through its Tokyo Branch PNB successfully issued a maiden peso bond offer which reached P13.87 B Establishment of PNB - served as de facto central bank of the Philippines until 1946 1916 Privatization of PNB reduced Government ownership to 45% Lucio Tan Group became the single biggest private stockholder of PNB Full privatization after a Follow-on Equity Offering (89 million primary shares and 71.8 million secondary shares) 1989-96 2000 2007 Completed its stock right offering of common shares raising P11.6 billion in additional capital (P10 billion of which was infused into PNB Savings Bank) 2014 PNB successfully issued USD300 M of 5-Year Fixed Rate Senior Notes out of its USD1 B Medium Term Note Program 2018 PNB listed 276,625,172 common shares from a recently concluded stocks right offering raising P12 B PNB issued US$ 750 M Notes to be drawn down from its recently increased US$ 2 B Medium Term Note 2019 Page 5#6PNB Subsidiaries and Affiliates Philippine National Bank Affiliate: Allianz PNB Life Insurance Inc. 44% Domestic PNB Capital and Investment Corp. 100% PNB Holdings Corp. 100% PNB General Insurers Co. Inc Overseas PNB Intl. Investment Corp. 100% PNB Remittance Centers Inc. 100% PNB RCI Holding Co. Ltd. 100% PNB Remittance Co. Canada 100% 100% PNB Securities Inc. PNB Global Remittance & Fin'l Co. (HK) Ltd. 100% 100% PNB-Mizuho Leasing and Finance Corp. PNB Europe PLC 75% 100% Allied Banking Corp. (HK) PNB-Mizuho Eqpt Rentals Corp. Ltd. 51% Allied Commercial Bank (Xiamen) 75% *Last March 1, 2020, PNB integrated its wholly-owned thrift bank subsidiary, PNB Savings Bank (PNBSB), into the Parent Bank through acquisition of its assets and assumption of its liabilities in exchange for cash. 99.04% PNB You first. Page 6#7Market Reach As of Jun 2020 North America - 30 Europe - 4 Asia & Oceania - 17 Middle East - 19 Global Network 70 offices in 17 countries 490 correspondent banks Domestic Network 715 branches in the Philippines 1,681* ATMs nationwide * 117 are Cash Accepting Machines (CAMs) Branch Distribution: 62% outside Metro Manila PNB You first. Page 7#8PNB You first. Page 1 Company Introduction 3 2 Financial Highlights 9 3 Board of Directors & Senior Management 13 Awards & Citations 16 4#9Profitability & Balance Sheet Net Income Before Provisions In Php Millions Total Assets In Php Billions 6,003 70% 10,215 1,087 0.4% 1,083 PNB You first. 1H 2019 1H 2020 Total operating income up by 24%, boosted by solid. growth in net interest income & increase in trading and foreign exchange gains. Net income reached P1,390 M in 1H 2020, 65% lower than year-ago level as the Bank took a proactive approach in its provisioning due to economic uncertainties on the impact of COVID-19. • 1H 2019 1H 2020 Total Assets almost flat in 1H 2020 as sustained momentum in core lending and deposit - taking activities cushioned the decline in trading and investment securities arising from the disposal of various securities, net of purchases. Page 9#101H 2020 P&L PNB You first. (in PHP million) Interest Income Interest Expense 1H2020 1H 2019 PNB Consolidated % Change 24,494 23,711 3.3% 7,014 8,967 -21.8% NET INTEREST INCOME 17,480 14,744 18.6% Fee-Based and Other Income 6,143 4,383 40.2% Net Service Fees and Commission Income 1,696 1,856 -8.6% Other Income 4,447 2,527 76.0% TOTAL OPERATING INCOME 23,623 19,127 23.5% Admin and Operating Expense 13,408 13,124 2.2% Income Before Provisions 10,215 6,003 70.2% Provision for impairment and credit losses Provision for Income Tax 8,440 809 943.3% 385 1,225 -68.6% NET INCOME 1,390 3,969 -65.0% Return on average equity (ROE) 1.8% 6.0% Return on average assets (ROA) Net Interest Margin (NIM RATE) Cost efficiency ratio 0.3% 0.7% 3.5% 3.8% 59.1% 69.2% Page 10#111H 2020 BALANCE SHEET PNB You first. (in PHP million) Cash/Due from BSP & Other Banks Investment Securities Loans and Receivables Property & Equipment Investment Properties Other Assets TOTAL ASSETS Deposit Liabilities Bonds Payable Bills & Acceptances Payable Other Liabilities 1H 2020 1H 2019 PNB Consolidated % Change 234,140 180,575 29.7% 180,061 243,606 -26.1% 602,619 598,486 0.7% 20,667 21,433 -3.6% 14,083 13,516 4.2% 30,240 29,808 1.4% 1,082,531 1,087,424 -0.4% 790,696 775,120 2.0% 65,869 67,223 -2.0% 36,053 72,680 -50.4% 35,610 36,398 -2.2% TOTAL LIABILITIES 928,228 951,421 -2.4% TOTAL EQUITY 154,302 136,003 13.5% TOTAL LIABILITIES AND EQUITY 1,082,531 1,087,424 -0.4% Loans/Deposits 76.7% 76.5% Total CAR 15.9% 14.0% Page 11#12PNB You first. Page 1 Company Introduction 3 2 Financial Highlights 9 3 Board of Directors & Senior Management 13 Awards & Citations 16 4#13Board of Directors PNB You first. Florencia G. Tarriela Chairman/Independent Director • Serves as director of multiple PNB subsidiaries • Former Undersecretary of Finance . Former Director of Bankers Association of the Phils. (BAP) Edgar A. Cua Independent Director Independent Director of PNB Capital and Investment Corp. Independent Director of Allied Commercial Bank, Xiamen Director of Davao Unicar Corp. Independent Director of PNB Mizuho Leasing and Fin.. Corp. Independent Director of PNB Savings Bank Lucio C. Tan Director Chairman and CEO of LT Group, Inc. Chairman and CEO of PAL Holdings, Inc. Chairman and CEO of MacroAsia Corp. Felix Enrico R. Alfiler Vice Chairman/Independent Director • Serves as director of multiple PNB subsidiaries Former Director of the BSP Chairman of PNB General Insurers Co., Inc. Chairman of PNB International Investment Corp., USA Jose Arnulfo "Wick" A. Veloso President and CEO/ Director Director of Allianz PNB Life Insurance, Inc. Director of BAP and Chairman of the BAP Capital Markets Development Committee ⚫ Director of Asian Bankers Association, BancNet, Inc., European Chamber. Phil. Payments and Management Inc. Member of CIBI Foundation, Inc. Former President and CEO of HSBC Phils. Former Director of HSBC Electronic Data Processing (Phils.), Inc. Former Chairman of HSBC Savings Bank Phils. Commerce of the Phils., Former Chairman of HSBC Insurance Brokers (Phils.). Inc. Former Director of British Chamber of the Phils.: former Chairman of the Council British School Manila, Member Management Association of the Phils. Former Chairman of the BAP Open Market Committee ⚫ Former President of the Money Market Association of the Phils. Former Director of Philippine Dealing and Exchange Corp. Trustees, The Estelito P. Mendoza Director . Director of Petron Director of San Miguel Corporation Practicing lawyer for more than 60 years Michael G. Tan Director President and COO of LT Group, Inc. President and COO of Asia Brewery, Inc. • Director of Victorias Milling Company, Inc Christopher J. Nelson Director Executive Director of the British Chamber of Commerce. of the Phils. Director of the Federation of the Philippine Industries Inc. Trustee of the American Chamber Foundation of Commerce of the Phil., Inc. Trustee of the Philippine Band of Mercy Trustee of Dualtech Training Foundation Vivienne K. Tan Director ⚫ Director of LT Group, Inc., MacroAsia Corporation, University of the East, University of the East Ramon Magsaysay Medical Center, Eton Properties Phils., Inc. . Founding Trustee of Philippine Center for Entrepreneurship (Go Negosyo) College of Saint Benilde - Trustee Florido P. Casuela Director • Chairman of PNB Securities, Inc. ⚫ Chairman and President of Casuela Equity Ventures, Inc. • Senior Adviser of the Bank of Makati (A Savings Bank), Inc. • Former President of Landbank of the Phil., Maybank & Surigao Micro Credit Corp. Federico C. Pascual Independent Director • Serves as director of multiple PNB subsidiaries Former President and General Manager of GSIS Former Director/President & CEO of Allied Banking Corp. Sheila K. Tan-Pascual Director • Business Development Manager of Allied Banking Corp. (Hong Kong) Ltd. • Former Marketing Development Officer of Asia Brewery Inc. Leonilo G. Coronel Director • Independent Director of Megawide Construction Corp. Independent Director of DBP-Daiwa Capital Markets Phil. Former Executive Director of BAP Carmen K. Tan Director • Director of MacroAsia Corp. Director of LT Group, Inc. Director of PAL Holdings, Inc. Domingo H Yap Independent Director President of H-Chem Industries, Inc., DHY Realty & Dev't, Inc., Colorado Chemical Sales Corp., Universal Paint & Coating Phils., Inc., Alliance Land Dev't Corp. Former President of the Federation of Filipino- Chinese Chambers of Commerce & Industries, Inc. Page 13#14Senior Management Jose Arnulfo "Wick" A. Veloso President and CEO of the Bank since 2018 Cenon C. Audencial Jr. EVP Head of the Institutional Banking Sector Roberto D. Baltazar EVP Head of Global Banking/ and Markets Sector PNB You first. Aida M. Padilla EVP Head of the Enterprise Services Sector Nelson C. Reyes EVP Chief Financial Officer Isagani A. Cortes EVP Chief Compliance Officer Jose German M. Licup FSVP Chief of Staff to the President and CEO Maria Paz D. Lim FSVP Corporate Treasurer Nanette O. Vergara FSVP Chief Credit Officer Manuel C. Bahena, Jr. SVP Chief Legal Counsel Socorro D. Corpus SVP OIC Human Resource Group Claro P. Fernandez SVP Head of Public Affair Group Marie Fe Liza S. Jayme SVP Head of Operations Group Ma. Adelia A. Joson SVP OIC - Retail Banking Sector Norman Martin C. Reyes SVP Head, Digital Innovations Group Michael M. Morallos SVP Head of the Information Technology Group Noel C. Malabag SVP Head, Global Markets Group Martin G. Tengco Jr. FVP Chief Audit Executive Rommel B. Narvaez SVP OIC - Marketing and Brand Management Sector Joy Jasmin R. Santos FVP Chief Trust Officer & Head of Trust Banking Group Simeon T. Yap FVP Chief Risk Officer Roland V. Oscuro SVP Chief Information Security Officer Page 14#15PNB You first. Page 1 Company Introduction 3 2 Financial Highlights 9 3 Board of Directors & Senior Management 13 Awards & Citations 16 4#16Recent Awards 2018 INTERNATIONAL FINANCE BANKING AWARDS 55th Anvil Awards (2020) - PNB You first. Development "Public Relations Program on a Sustained Basis Communication" (PNB-PAL Mabuhay Miles Debit Mastercard) International Finance Awards (2019) "Fastest Growing Bank for Consumer Loans Philippines 2018" T ASIAN ASSET AWARDS A THE Asset TRIPLE A * 2018 CMO ASIA The Asset triple A Country Awards (2019) • “Best Syndicated Loan Award" (Bloomberry Resorts and Hotels syndicated term loan facility) ⚫ "Most Innovative Deal Award" (Ayala Land's retail bonds) ⚫"Best Acquisition Financing" (Clark Global City Corp) CMO Asia Awards (2019) "Brand Leadership Award" Page 16#17Recent Awards SSS Balikat ng Bayan Awards (2019) "Best Paying Commercial Bank" PNB You first. ICD Institute of Corporate Directors Recognized by the Philippine Institute of Corporate Directors (2019) as among the top-performing publicly listed companies under the ASEAN Corporate Governance Scorecard PDS Group Philippine Dealing System Awards (2019) "Ranked Top 3 Issue Managers/Arrangers (Investment House Category)" INVESTMENT HOUSE ASSOCIATION of the PHILIPPINES Investment House Association of the Philippines (2019) "Best Small-cap Equity Deal" Page 17#18Disclaimer PNB You first. Unless otherwise noted, the financial data contained in these materials are presented under Philippine Financial Reporting Standards. Unless otherwise specified, all the financial information is shown on a consolidated basis. Information concerning financial institutions other than the Bank and its subsidiaries are based on publicly available information and the Bank has not independently verified such data. This presentation is being communicated only to persons who have professional experience in matters relating to investments and to person to whom it may be lawful to communicate it to (all such persons being referred to as "relevant persons"). This presentation is being furnished to relevant persons solely for their information and may not be reproduced or redistributed to any other person. By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.

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