#1BPI Investor Presentation#2Macroeconomic Updates#3Economic Updates Global Growth Domestic Growth Inflation continued to ease over the quarter, on the back of low energy prices Global GDP forecast for 2023 at 2.8% from 3.4% in 2022 (IMF) Economic slowdown will be more pronounced in advanced than developing economies, amid high inflation and financial sector stress Phil GDP to grow 5.9% in 2023, lower than government target of 6.0% to 7.0% Expansion driven by continued growth in private consumption and government spending Interest Rates & Monetary Policy Banking Industry 3 BPI BSP further increased monetary policy rate by 75bps to 6.25% by end of 1Q23 The yield curve flattened - rates on short tenors increased in anticipation of more hikes in policy rate; rates for medium to long tenors decreased as inflation eased considerably in March Banks to benefit from higher asset repricing if elevated inflation and interest rates persist Amid series of rate hikes from BSP, loan growth has slowed and NPL ratio has increased Collapse of Silicon Valley Bank led to major sell-off in US and Europe financial sectors; Philippine Banks appear largely insulated THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#4Performance Highlights.#5Performance Highlights BPI P12.1 Bn Profitability Net Income 15.4% ROE Increased profitability and shareholders value Record net income at P12.1 Bn, up 52%, driven by loan growth, higher NIM and lower provisions 5 13.2% Gross Loans Balance 13.6% Deposits Sheet 15.7% CET1 Further strengthened our balance sheet Loans and deposit growth remained ahead of industry averages Robust capital position on solid income generation and OCI gains Asset Quality 1.82% NPL Ratio 176.7% NPL Cover Asset quality remained strong across all metrics High NPL and collateral cover allowed for lower credit cost Growth 9.53 Mn Total Clients 2.95 Mn Digital Clients Strong growth in customer base and customer engagement. Continued progress in digitalization initiatives including launch of new BPI mobile app Investments in customer experience resulted in higher market share and NPS THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#66 Profitability - YoY BPI In P bn 1Q 2022 1Q 2023 YoY Net Interest Income 18.99 24.16 27.2% Non-Interest Income 6.37 7.55 18.6% Trading Income 0.90 1.26 40.0% Fee Income 5.47 6.30 15.1% • Net Revenues 25.36 31.71 25.1% Opex 12.59 15.06 19.7% PPOP 12.77 16.65 30.3% Provisions 2.50 1.00 -60.0% NIBT 10.27 15.65 52.3% Income Taxes 2.22 Record net income of P 12.13 billion, up 52% YoY predominantly driven by revenues Net Interest Income, up 27% YoY, driven by loan growth at 13.2%, and continued NIM expansion at 52bps Solid trading income, up 40% Strong fee income, up 15%, backed by increase in customer and volume Revenue growth more than offset the 20% growth in operating expenses, PPOP up 30% Asset quality remained strong allowing normalization of credit cost which further accelerated net income 3.45 55.4% Net Income 7.98 12.13 52.0% • ROE of 15.36% and ROA at 1.88% highest since 2013 ROE ROA 11.02% 15.36% 434 bps 1.36% 1.88% 52 bps THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#77 Profitability - QoQ In P bn 1Q 2022 4Q 2022 1Q 2023 QoQ YoY Net Interest Income 18.99 23.42 24.16 3.2% 27.2% Non-Interest Income 6.37 7.65 7.55 -1.2% 18.6% Trading Income 0.90 0.88 1.26 43.6% 40.0% Fee Income 5.47 6.77 6.30 -7.0% 15.1% Net Revenues 25.36 31.07 31.71 2.1% 25.1% Opex 12.59 17.90 15.06 -15.8% 19.7% PPOP 12.77 13.17 16.65 26.4% 30.3% Provisions 2.50 1.67 1.00 -40.0% -60.0% NIBT 10.27 11.50 15.65 36.1% 52.3% Income Taxes 2.22 2.37 3.45 45.5% 55.4% Net Income 7.98 9.06 12.13 34.0% 52.0% BPI Net income up 34% QoQ, driven by lower opex, and to a lesser extent, increase in revenues and decline in provisions Opex declined 15.8% following a 26% increase in the prior quarter THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#8Revenues Quarter-on-Quarter (in P bn) +25.1% YoY • +2.1% QoQ ୮ YOY • 32.3 31.1 31.7 0.7 29.8 0.9 1.3 +40.0% 1.3 25.4 0.9 11.2 6.8 6.3 +15.1% 6.2 5.5 +27.2% 23.4 24.2 22.3 20.3 19.0 1Q22 2Q22 3Q22 4Q22 1Q23 INet Interest Income Fee Income Trading Income 8 2Q22 Fee Income includes P4.99 billion gain from sale of property • BPI New high in revenues (excluding 2Q22, with one-off gain from asset sale) Sustained sequential increase in net interest income, driven by accelerating NIM and steady growth in assets Strong trading income, up 40% YoY; securities portfolio gained marked improvement in market valuation as reflected in OCI Fee income declined 7% QoQ following a seasonally strong quarter; fee income up 15% YoY THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#9Loans and Quarter NIM • • . QoQ decline in loans from seasonal dip in demand in January; expansion resumed in February through March YoY, loan book up 13.2%; growth rate has remained ahead of industry Sustained improvement in NIM, up 52bps YoY and 19bps QoQ, fastest in four quarters BPI Gross Loans (in P bn) +13.2% YOY -2.4% QoQ 1,756.8 1,715.3 1,611.3 1,656.7 1,515.8 Quarter NIM YoY Change 5.29% +126bps 4.81% 4.40% 4.03% 4.13% 3.66% 3.75% 3.94% +52bps 3.51% 3.42% 1.53% 1.20% +84bps 0.69% 0.71% 0.83% Asset Yield NIM Cost of Funds 1Q22 2Q22 3Q22 4Q22 1Q23 1Q22 2Q22 9 3Q22 4Q22 1Q23 THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#1010 • Loan Book per Segment Total Gross Loans P1,715B -2.4% vs. Last Quarter +13.2% vs. Last Year microfinance FEB 1,715.3 1,515.8 1,412.1 MAR APR MAY JUN JUL AUG SEP OCT NOV All segments posted growth, led by personal loans, cards and DEC Corporate & SME 1,351.0 1,351B 1,200.9 -3.6% vs. Last Quarter +12.5% vs. Last Year . • • Exceptional growth in personal loans Sustained accelerating growth rate for credit card loans, backed by expanding cardholder base and volume Mortgage loans weighed down by CTS segment; regular housing loans up 10% YoY P11.4B +26.5% vs. Last Quarter +93.6% vs. Last Year 1,117.2 JAN FEB MAR 5.9 11.4 APR Personal JAN FEB MAR 161.6 P175B 175.5 172.3 -1.2% vs. Last Quarter +1.9% vs. Last Year APR MAY MAY Mortgage FEB MAR APR MAY JUN JUN JUN JUL JUL JUL AUG AUG AUG SEP SEP SEP 120 OCT OCT NOV NOV NOV DEC DEC DEC Credit Cards 105.3 P105B 76.0 +5.7% vs. Last Quarter 67.7 +38.7% vs. Last Year +23.7% vs. Last Year JAN FEB MAR 4.9 P6.9B 6.9 56 +4.2% vs. Last Quarter APR MAY JUN Microfinance JAN FEB MAR +64B 64.4 +4.3% vs. Last Quarter 55.3 +16.4% vs. Last Year 54.2 JAN FEB APR Auto MAR APR MAY MAY JUN JUN JUL JUL JUL AUG AUG AUG SEP SEP SEP OCT OCT סכן NOV NOV NOV DEC DEC DEC 2021 2022 2023 THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS. BPI#1111 Fee Income • Fee income up 15% YoY driven by Cards, Investment Banking and Asset Sales • Record income from Cards, underpinned by sustained gains in market share in cardholder base, loans and billings Sequential monthly net inflows for Wealth Management following decline in AUM last year BPI Fee Income (in P bn) Ranked by Contribution to 1Q 2023 Fee Income* YoY Growth +39.9% Cards, 28.6% +15.1% YOY -9.2% 11.2 -7.0% QoQ +8.6% +10.8% 4.99 One-off gain +1.6% 6.77 6.22 6.22 6.30 +213% 5.47 +25.6% -32.3% Wealth Management, 16.1% Branch Service Charges, 9.9% ATM & Digital Channels, 8.7% Transaction Banking, 7.8% Sec Brokerage & Inv Banking, 7.3% Remittance, 5.9% Insurance, 5.6% +12.8% Retail Loans, 4.1% +61.3% Corp Clients, 3.0% +214% Asset Sales, 2.6% 1Q22 2Q22 3Q22 4Q22 1Q23 -53.3% Rental, 0.4% gross of GRT and Others THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#1212 Operating Expenses Opex up 19.7% YoY, from increases across all categories, as well as low base effect Cost-to-Income ratio declined 2ppt from last year on strong revenue generation and improvements in efficiency BPI Amounts in P bn Dec19 Dec20 Dec21 Dec22 1Q23 Cost-to-Income 52.4% > 47.3% > 52.1% > 48.9% > 47.5% +19.7% YOY Customer Count 8.66 > 8.57 > 8.46 > 9.32 > 9.53 (in mn) -15.8% QoQ Headcount 21,429 > 19,952 > 19,181 > 18,204 > 18,269 17.9 15.1 Client Count / Headcount 404 > 429 > 441 > 512 > 522 5.2 12.6 Manpower 15.7% YoY Local Branch Count (Physical Locations) 5.5 2.1 -BPI 4.7 Premises 4.1 1.9 7.6% YoY -Banko 867 866 > 813 > 752 > 752 300 304 > 307 > 317 > 318 1.7 3.0 2.1 Technology 42.9% YoY Ave Deposit Per 1.96 1.98 > 2.40 > 2.79 > 2.86 BPI Branch (In P bn) 6.6 4.8 4.1 Others 17.7% YoY Digital Branch Transactions 1Q 2022 4Q 2022 1Q 2023 Transaction Count 85% > 89% > 91% > 91% > 90% Transaction Value 25% > 20% > 29% > 20% > 20% 2022 CIR includes impact of sale of property; excluding revenue from sale of property, CIR is 51.08%#1313 Balance Sheet In P bn March 2022 Dec 2022 Mar 2023 QoQ YOY Assets 2,378.3 2,604.3 2,674.2 2.7% 12.4% Gross Loans 1,515.8 1,756.8 1,715.3 -2.4% 13.2% Net Loans 1,462.1 1,703.0 1,661.1 -2.5% 13.6% Securities 544.7 530.8 586.7 10.5% 7.7% Deposits 1,891.1 2,096.2 2,148.7 2.5% 13.6% • CASA 1,531.3 1,558.6 1,510.4 -3.1% -1.4% Time 359.8 537.6 638.3 18.7% 77.4% Borrowings 108.3 97.5 99.7 2.2% -8.0% Capital 300.0 317.7 331.6 4.4% 10.6% LCR 217.93% 194.52% 161.00% -3352 bps LDR (Net Loans) 77.32% 81.24% 77.31% CASA ratio 80.97% 74.35% 70.29% -393 bps -406 bps -5693 bps -1 bps -1068 bps BPI Loan and deposit growth remained ahead of industry High quality funding with CASA ratio at 70% and LCR at 161% Gradual build-up in securities, up 8% YoY, as rates increased YoY increase in capital driven by solid net income generation and OCI gains; partially offset by capital distribution THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#14JAN FEB Provisions & Asset Quality NPL Level (in P bn) NPL Ratio #31.13B 0.3B -4.7B +0.9% vs. Last Quarter -13.2% vs. Last Year 38.8 35.9 31.1 MAR APR MAY Provisions (in P bn) 1.10 0.83 0.33 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV JUN JUL AUG SEP OCT NOV DEC 14 2021 2022 2023 1.46 DEC 38.0 30.9 1.82% 6bps -55bps vs. Last Quarter vs. Last Year MAR APR Credit Cost (in bps) 104 68 24 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT 2.76% 2.38% 1.82% MAY JUN JUL AUG SEP OCT NOV DEC ΛΟΝ DEC 2.49% 1.76% JAN NPL Cover 176.71% -336bps 2709bps vs. Last Quarter vs. Last Year 176.7% 149.6% 123.5% FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 180.1% 136.1% 93 58 Asset quality remained strong with NPL ratio at 1.82%, 16bps above pre-pandemic level; NPL cover at 176% vs 102% pre-pandemic 6bps uptick in NPL ratio QoQ driven predominantly by seasonal contraction in loan volume Credit cost continues to normalize THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS. BPI#15Capital Position CET1 Level (in bn) CET1 Ratio 14B +4.9% vs. Last Quarter #300B 268 252 300 31B +11.7% vs. Last Year JUN JUL AUG SEP OCT NOV DEC 54bps vs. Last Quarter 15.66% -60bps vs. Last Year 16.7% 286 16.3% 15.8% 15.7% 263 15.1% JUL AUG SEP OCT NOV DEC 15 • YOY, CET1 increased on higher net income, OCI gains, partially offset by cash dividend distribution YoY capital burn of 60 bps from faster RWA accumulation Ratios comfortably above internal and regulatory thresholds; sufficient to support continued loan expansion 2023 Property Dividend Number of Shares: 406,179,276 Rights Entitlement Ratio: 1:0.0896395563 Record date: March 29, 2023 Ex-Date: March 24, 2023 Distribution Date: TBA, pending regulatory approval JAN BPI 2021 2022 2023 CAR Ratio 16.54% 53bps vs. Last Quarter -60bps vs. Last Year 17.6% 17.1% 16.7% 16.5% 16.0% FEB MAR APR MAY MAY NOC NET Dividend Per Share Snv SEP OCT NOV DEC YoY +17.8% → 2.12 1.80 1.80 1.63 2018 2019 2020 2021 2022 1st sem 2023 THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#16Digital & Sustainability Updates#17BPI The new BPI app is here and it's going to get even better App Store Download on the GET IT ON Google Play Good morning, Cameron Fresh new design that's easier to use 372,000+ downloads* since February 27 public availability Coming in May: Investments Deposit accounts ③ Household account 2365896545 00 OM PHP 1,234,567,890.00 Available balance 2023 New Features: Savings account 2365896545 PHP 1,234,567,890.00 Al-Powered insights, New-to-Product Time Deposit, Mobile Check Deposit, Cardless Withdrawal, and more. *as of May 1, 2023 Prepaid cards Credit cards 2 31 Investment Loans Available balance 17 ין My Accounts Pay/load Transfer Invest More A BPI Depts set POC P500.000 per stor Cat Come 800-1000 de g Core 20#1818 BPI Growing the BPI Ecosystem through Digitalization Digital Onboarding Seamless and Secured Data since launched ~200K Digital Engagement Differentiated customer journey through 7 digital platforms Digital Partnerships Expanding products and services with open banking Individuals Affluent Retail BPI Trade SEME Banko App 100+ Partners DBPI BPI Trade 2200+ Brands & Services +60% Growth in transaction count D U.) New-to-Bank since June 2020 ~500K thru GCash New-to-Bank ~180K thru Vybe, BPI's e-wallet Sign ups since Oct 2022 Agency Banking Full roll-out 2023 TALA |支付宝 World Vision JOY Kthe tonik RFID tealive GOLDEN HAVEN ALIPAY Broad Market VYBE e-Wallet Corporate BizLink SME BizKo true money SANTÉ BARLEY 1.234 Sun Life Financial BPI MS Bizko G RD PAWNSHOP CASH PADALA GCash Grab MultiPay S Shopee DM5 Conti's delig dyyou cashalo Philstocks Shop SM BOOZY O paymongo QWIKWIRE watsons ipay88 ALFM SOUP PAY METUAL FINDT bayad AIDE LBC Slip Auto SHP GoodFoodCo. Lazada blucoffee Greenif ICM PCPERSONAL COLLECTION PCHC RAZER BREESHOPPE MERCHANT SERVICES OPALAWAN PAWNSHOP ALAWAN EXPRESS PayGate psopay TendoPay AllEasy kumu Sweep RFID BPI P ZALORA • • Deposits Payments Fund HNW Transfers • Investments • Billings and Invoices Collection 2H 2023 BPI Trade App BPI Trade B Agile Core Systems Data-driven Decisions G GCash GSave Ginvest Glnsure BPI LazMall? M BPI LoaMall MAY BPI DITO! Banking products and services - now available on the BPI LazMall Flagship Store! Strong Cybersecurity THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#1920 BPI Sustainability Agenda GOAL: Inclusive, Innovative, and Trusted Leader in Responsible Banking Sustainable Banking, Financial Inclusion, and Support for UN SDGs 1Q 2023 Sustainability Highlights Over 274,000 SEMEs served through Bank PHP 37.6 billion microfinance loans A subsidiary of BPI since 2016 P 132,183 clients served through PHP 398.5 billion Business Banking Loans since 2018 398 projects equivalent to PHP 252 billion financed through Sustainable Development Finance since 2008 3.96 million user base across all digital platforms 51% of corporate portfolio support the UN SDGS Edge OPEN A BPI GREEN SAVER ACCOUNT TIME DEPOSIT Following the 5 branches certified in 2022, BPI Forbes Park is the 6th BPI branch with EDGE Certification as of April 2023. BPI is the first Philippine bank to have IFC-EDGE Certified branches. BPI shifts its 2nd and 3rd office building to 100% renewable energy source as of January 2023 - BPI Intramuros and BPI Consumer Banking Headquarters (former BPI Family Savings Bank Head Office). Exceeded the PHP 10 billion target for the Green Saver Time Deposit. Investments are allocated to finance/refinance green projects. BPI issued its 2nd social bond called the BPI Reinforcing Inclusive Support for MSMEs (RISE) Bonds, the proceeds of which finance/refinance eligible Micro, Small, and Medium Enterprises (MSMEs) as vetted by Second Party Opinion (SPO) Provider Sustainalytics.#20ESG Accolades For the year 2022 Most Sustainable Bank (Philippines) International Business Magazine Awards 2022 Awarded: February 2022 Financial Leadership in Sustaining Communities (Asia-Pacific) Global Finance Sustainable Finance Awards 2022 Awarded: May 2022 House Awards Service Providers APAC: ESG Solution Corporate Treasurer Awards 2022 Awarded: September 2022 Sustainability Company the Year - Circle of Excellence Asia CEO Awards 2022 Awarded: October 2022 Top Sustainability Advocates in Asia Asia Corporate Excellence and Sustainability (ACES) Awards 2022 Awarded: November 2022 Best Bank for Sustainable Finance (Philippines) Global Finance Sustainable Finance Awards 2022 Awarded: May 2022 Best Sustainable Bank (Philippines) FinanceAsia Country Awards 2022 Awarded: May 2022 Market Leader in Environmental, Social, and Governance (ESG) Euromoney Market Leaders Awarded: September 2022 Awardee: Sustainable Development Finance Program Manila Bulletin Sustainability Recognition Night 2022 Awarded: November 2022 Best Bank for Sustainable Finance – Domestic, Philippines The Asset Triple A Country Awards for Sustainable Finance 2022 Awarded: January 2023 As of May 2023 BPI Best Sustainable Bank (Philippines)* International Business Magazine Awards 2023 Awarded: February 2023 Best Sustainable Bank in the Philippines** Finance Asia Awards 2023 Awarded: May 2023 Biggest ESG Impact in the Philippines Finance Asia Awards 2023 Awarded: May 2023 Sustainability Business Partner of the Year Nordic Sustainability Awards 2023 Awarded: May 2023 Sustainability Leader of the Year BPI President & CEO TG Limcaoco Nordic Sustainability Awards 2023 Awarded: May 2023 *2nd consecutive win **4th consecutive win#2122 Summary 1 Profitability: Strong 1Q operating performance 2 Balance Sheet: Healthy liquidity and capital position 3 Asset Quality: Resilient asset quality with ample allowance 4 Digital and Sustainability: Digital initiatives driving loyalty, growth and efficiency; further strengthened our leadership on sustainability BPI THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#22Appendices#231Q 2021 2Q 2021 -3.8 12.1 -0.3 -1.4 4.5 4.1 8.5 6.5 1.02 1.23 Macroeconomic & Industry Indicators Indicators, as of end-of-period in %, except USD/PHP GDP Growth (YoY) Current Account (% to GDP) Inflation M3 Growth (YoY) 91D T-bill-average BPI 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 7.0 7.9 8.0 7.5 7.7 7.1 6.4 -1.0 -3.5 -5.0 -7.7 -6.2 8.1 4.8 3.6 4.0 6.1 6.9 8.1 7.6 8.3 7.9 7.7 7.2 5.2 6.8 6.0 1.07 1.13 1.50 1.6 2.3 4.1 4.8 Overnight RRP 2.0 2.0 2.0 2.0 2.0 3.25 4.25 5.5 6.25 - BVAL 3 months 1.28 1.17 1.13 1.09 1.34 1.74 3.15 4.23 5.05 BVAL 10 years 4.41 3.92 4.50 4.82 5.89 7.04 7.04 6.99 6.22 USD/PHP 48.466 48.544 50.959 50.774 51.960 55.021 58.910 56.120 54.429 Industry, as of end-of-period 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 Amounts in Php Bn Total Assets 19,439.94 19,811.17 20,088.30 20,821.01 20,798.97 21,347.01 22,022.15 23,047.71 23,093.43 Customer Loans¹ 9,589.48 9,681.04 9,819.64 10,204.05 10,141.85 10,613.42 10,925.37 11,390.12 11,246.35 Deposits 15,015.10 15,346.10 15,650.76 16,236.14 16,088.96 16,492.60 16,720.02 17,770.36 17,672.70 Capital 2,459.22 2,509.95 2,549.92 2,573.92 2,527.24 2,576.58 2,652.37 2,706.41 2,777.68 Assets Growth (YoY) 5.6% 6.4% 7.3% 7.0% 6.9% 7.8% 9.6% 10.7% 11.0% Loan Growth (YoY) -5.6% -2.7% 1.8% 4.1% 5.8% 9.6% 11.3% 11.6% 10.9% Deposits Growth (YoY) 7.9% 7.6% 8.9% 9.0% 7.2% 7.5% 6.8% 9.4% 9.8% Capital Growth (YoY) 6.9% 5.9% 5.9% 5.9% 2.8% 2.7% 4.0% 5.1% 9.9% Source: Bangko Sentral ng Pilipinas & Philippine Statistics Office 1 Customer Loans (Loans and Receivables, net of Allowance for Credit Losses) 24 THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#24• Historical Milestones of BPI Founded in 1851, as Banco Español Filipino de Isabel II, by Catholic charities Antonio de Ayala inaugural member of board BPI Strategic Partnerships formed over the years, actively entering into diverse business joint ventures in the last decade Commercial Bank & Trust CityTrust Banking Corp. Year Firm 1974 People's Bank & Trust 1981 • Named Bank of the Philippine Islands (Banco de las Islas Filipinas) after Treaty of Paris (1898) 1982 Ayala Inv & Dev't (AIDC) 1982 Makati Leasing 1984 . Ayala y Compañia (present day Ayala Corp.) assumes strategic stake in 1969 Family Bank & Filinvest Credit 1996 2000 Far East Bank & Trust • Morgan Guaranty Trust Company purchases stake in People's Bank, a predecessor, in 1974 2000 Ayala Life, FGU Insurance 2001 DBS Philippines 2002 BPI/MS 2005 Prudential Bank 2009 BPI-Philam Life Assurance 2009 BPI Globe BankO 2011 ING Asset Management BPI Iloilo, 1897 2014 Century Tokyo Leasing 2015 Global Payments 2016 BPI Direct Banko 2022 2022 25 151:50 POPAD BANDO ESPAÑOL EXERPIND CINCEASTA AMms prentes C Mancha Pesos Fuertes, 1883 BANK OF THE PHILIPPINE ISLANDS E74398E WILL PAY TO THE BEARER ON DEMAND PESOS E74398E BPI #10 note, 1933 BPI Family Savings Bank Robinsons Bank Description Retail banking Expands BPI's middle market presence Adds investment banking-precursor of BPI Capital JV with U.S. Leasing-precursor of BPI Leasing Expands consumer banking franchise Former Philippine retail operations of Citibank Consolidation BPI becomes first bancassurance platform in Philippines Consumer and middle markets 51%-owned non-life insurance JV with Mitsui Sumitomo, Expands BPI's middle market presence 49%-owned life insurance JV with Philam Life Microfinance JV with Globe Telecom, Ayala Corp Trust & investment management 51%-owned leasing JV with Century Tokyo Leasing 49% JV with Global Payments BPI acquires 100% of BPI Globe Banko, merges with BPI Direct BPI and BFSB merger BPI and RBC merger plans announcement THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#25BPI at a glance BPI ✓ The first bank in the Philippines and Southeast Asia, and the longest tenured bank with 171 years of continuous operating history, with highly reputable shareholders, the largest of which include the Ayala Group and the Roman Catholic Church ✓ Award winning, universal banking franchise licensed by the Bangko Sentral ng Pilipinas, offering a broad range of financial solutions catering to both retail and corporate clients ✓ Customer base now stands at 9.53 million customers (inclusive of GSave clients acquired through Gcash) as of March 31, 2023 owing to the Bank's strong brand recognition Ownership Structure, March 31, 2023 Investment Information. March 31, 2023 Investment Ratings Citizenship Composition 19% Fundamentals Stock Price BV per share Credit Ratings P102.50 per share P69.44 S&P BBB+ Long term Issuer Credit Rating Sep 2022 P-B Ratio 1.73x Baseline Credit Moody's Baa2 July 2022 Assessment P-E Ratio 12.73x Long term Issuer 81% Dividends 1.06 per share Fitch BBB- May 2023 Default Rating Market Cap (in P mn) $462,596 Trading Fact Sheet Capital Intelligence Long term Foreign BBB July 2022 Currency Filipino Non-Filipino Type Shareholder Profile Stock Ticker Common BPI Ayala Group1 48.3% ISIN RCAM² 7.2% Various³ 4.4% Float 40.1% Exchange Par Value Outstanding Shares Foreign Ownership PHY0967S1694 Philippine Stock Exchange 10.00 4,531,250,405 19% ESG Ratings MSCI BB Sep 2022 Sustainalytics 29 Jan 2023 SAM (S&P) 47 Sep 2022 V.E. (Moody's) 47 Dec 2022 26 1 Includes share in Liontide Holdings Inc. 2 Roman Catholic Archdiocese of Manila 3 Includes Robinsons Retail Holdings, Inc. share THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#2627 Operating Franchise BPI BPI has a leading deposit franchise and expansive reach through its network of traditional channels and unparalleled digital banking platform One of the largest branch & ATM networks (as of March 2023) Main Operating Business Segments BPI BPI's digital banking platform is amongst the best in the country 1,189 Branches: 871 BPI1 318 Banko² 2,078 ATMS & CAMS 18,269 Employees Elevating Financial Inclusion INTEGRATED REPORT 2022 Institutional Banking Business Banking Asset Management MANELYN BPI Consumer Banking Mass Retail Agency Banking NELYN Bancassurance BPI Login MOVE 171 Digital Channels As of March 2023 Total Client Count³ 9.53 mn Enrollments 6.02 mn جما L Start Investing Open an account now Transfer via QR Active Users4 4.18 mn 1 Branch licenses: 869 domestic, 2 international; Physical locations: 752 domestic (with 117 branches co-located); 2 international (composed of 1 London and 1 Hong Kong branch) 2 Branches and branch-lite units (BLUS) 3 Inclusive of GSave clients acquired through Gcash 4 Rolling 3 months on a growing client base THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#2728 Financial Highlights BPI Mar 2022 Dec 2022 Mar 2023 A QoQ ΔΥΟΥ 1Q22 4Q22 1Q23 A QoQ ΔΥΟΥ Balance Sheet (in P bn) Profitability (in P bn) Assets Net Loans Deposits CASA 2,378.3 2,604.3 2,674.2 2.7% 12.4% Net Interest Income 19.0 23.4 24.2 3.2% 27.2% 1,462.1 1,703.0 1,661.1 -2.5% 13.6% Non-Interest Income 6.4 7.6 7.6 -1.2% 18.6% 1,891.1 2,096.2 2,148.7 2.5% 13.6% Trading Income 0.9 0.9 1.3 43.6% 40.0% 1,531.3 1,558.6 1,510.4 -3.1% -1.4% Non-Interest Income 5.5 6.8 6.3 -7.0% 15.1% Capital AUM 300.0 317.7 331.6 4.4% 10.6% Revenues 25.4 31.1 31.7 2.1% 25.1% 1,121.9 1,023.9 1,092.9 6.7% -2.6% Operating Expenses 12.6 17.9 15.1 -15.8% 19.7% PPOP 12.8 13.2 16.6 26.4% 30.3% Key Metrics A bps Provisions 2.5 1.7 1.0 -40.0% -60.0% Quarter NIM 3.42% 3.75% 3.94% 19 52 NIBT 10.3 11.5 15.6 36.1% 52.3% Quarter Asset Yield 4.03% 4.81% 5.29% 48 127 Income Taxes 2.2 2.4 3.4 45.5% 55.4% Quarter Cost of Funds 0.69% 1.20% 1.53% 33 84 Net Income 8.0 9.1 12.1 34.0% 52.0% Quarter Cost to Income 49.63% 57.61% 47.50% (1,011) (213) YTD Cost of Deposits 10.36% 0.74% 0.08% (65) (1,028) YTD Cost to Assets 0.13% 2.33% 0.14% (218) 1 YTD ROE 11.02% 13.14% 15.36% 222 434 YTD ROA 1.36% 1.59% 1.88% 29 52 CASA Ratio 80.97% 74.35% 70.29% Loan-to-Deposit Ratio 77.32% 81.24% 77.31% (406) (393) (1,068) (1) Credit Cost (in bps) 68 58 24 (34) (44) NPL Ratio 2.38% NPL Coverage Ratio 149.62% 1.76% 180.07% 1.82% 6 (56) 176.71% (336) 2,709 CAR CET1 17.14% 16.01% 16.54% 53 (60) 16.26% 15.12% 15.66% 54 (60) THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#2845.8 28.1 36.4 Financial Highlights (in USD) Balance Sheet (in USD bn) Assets Net Loans Deposits Mar 2022 Dec 2022 Mar 2023 A QoQ ΔΥΟΥ BPI 1Q22 4Q22 1Q23 A QoQ ΔΥΟΥ 46.4 49.1 5.9% 7.3% 30.3 30.5 0.6% 8.5% Profitability (in USD mn) Net Interest Income Non-Interest Income 365.5 417.3 443.9 6.4% 21.4% 37.4 39.5 5.7% 8.5% CASA Capital AUM 29.5 27.8 27.7 -0.1% -5.8% Trading Income Non-Interest Income 5.8 5.7 6.1 7.6% 5.5% Revenues 21.6 18.2 20.1 10.1% -7.0% Operating Expenses PPOP Key Metrics Δ bps Provisions Quarter NIM 3.42% 3.75% 3.94% 19 52 NIBT Quarter Asset Yield 4.03% 4.81% 5.29% 48 127 Income Taxes 42.7 122.6 136.3 138.8 17.3 15.6 105.3 120.7 488.1 553.6 242.2 318.9 276.8 245.9 234.6 305.9 48.1 29.7 18.4 197.7 204.9 287.5 63.3 1.9% 13.2% 23.1 115.7 582.7 48.1% 33.6% -4.1% 9.9% 5.3% 19.4% -13.2% 14.3% 30.4% 24.4% -38.1% -61.8% 40.3% 45.4% 42.2 50.1% 48.3% Quarter Cost of Funds 0.69% 1.20% 1.53% 33 84 Net Income 153.6 161.4 222.9 38.1% 45.1% Quarter Cost to Income 49.63% 57.61% 47.50% (1,011) (213) YTD Cost of Deposits 10.36% 0.74% 0.08% (65) (1,028) YTD Cost to Assets 0.13% 2.33% 0.14% (218) 1 YTD ROE 11.02% 13.14% 15.36% 222 434 YTD ROA 1.36% 1.59% 1.88% 29 52 CASA Ratio 80.97% 74.35% Loan-to-Deposit Ratio 77.32% 81.24% 70.29% 77.31% (406) (1,068) (393) (1) Credit Cost (in bps) 68 NPL Ratio 2.38% NPL Coverage Ratio 149.62% 58 1.76% 180.07% 24 (34) (44) 1.82% 176.71% 6 (56) (336) 2,709 CAR 17.14% 16.01% 16.54% 53 (60) CET1 16.26% 15.12% 15.66% 54 (60) 29 Source: https://www.bsp.gov.ph, USD/PHP, end-of-period 2023: Mar: 54.429; 2022: Dec: 56.120, Mar: 51.960 THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#2930 Executive Management JOSE TEODORO K. LIMCAOCO President & CEO MARIA CRISTINA L. GO Executive Vice President Head, Consumer Banking MARIA THERESA D. MARCIAL President and CEO BPI Wealth DINO R. GASMEN Senior Vice President Treasurer MARITA SOCORRO D. GAYARES Senior Vice President Chief Risk Officer JOSE RAUL E. JEREZA IV Senior Vice President Head. Agency Banking BPI As of April 28, 2023 MARIA JOSEPHINE M. OCAMPO Executive Vice President Head, Mass Retail Products JUAN CARLOS L. SYQUIA Executive Vice President Head, Institutional Banking JOSEPH ANTHONY M. ALONSO ERIC ROBERTO M. LUCHANGCO Senior Vice President Chief Credit Officer Senior Vice President Chief Finance Officer Chief Sustainability Officer DOMINIQUE R. OCLIASA Senior Vice President Head, Business Banking MARY CATHERINE ELIZABETH P. SANTAMARIA Senior Vice President Chief Customer and Marketing Officer HILIPPINE ISLANDS.#30Awards and Recognitions BPI As of March 31, 2023 Bancassurance SUSTAINABLE FINANCE AWARDS FINANCE S 2021 Best Bank in the Phils.; Financial Leadership in Sustaining Communities 2022 a Southeast Asia Best Trade Finance Bank 8th consecutive year Best SME Bank in PH 9th win in 16 years 2022 ASIAN Institutional COUNTRY AWARDS 2022 FinanceAsia Best Sustainable Bank in PH 3rd consecutive year 2022 HR Asia One of the Best Companies to Work For In Asia 2021 a Southeast Asia Best Remittances Service Provider in PH 2022 ASEAN G CORPORATE GOVERNANCE 4 Golden Arrow Awardee ASIAMONEY G Best Domestic Bank in PH 2022 2023 ASEAN CORPORATE GOVERNANCE ASEAN Asset Class PLC Award League of Corporate Foundations Outstanding CSR Project In Financial Inclusion 2022 BPI Foundation ASIAMONEY Best Bank For Corporate Social Responsibility in PH 2022 WWF WWF Climate Support Award (Phils) 2020 WORLD FINANCE INSURANCE AWARDS Best Life Insurance Company in the Phils. BPI-Philam Life Assurance Corp. 2021 ASSET ASIAN AWARDS Linked in INTERNATIONAL FINANCE Best Asset Manager Philippines (6th consecutive win) 2022 a Southeast Asia Best Overall Asset & Fund Manager (6th win in 7 years) 2022 BPI AMTC a Southeast Asia Best Asset Manager (Fixed Income & Equity) 2022 CFA Society Philippines Best Managed Fund of the Year - Dollar Equity Fund (6th consecutive win) 2022 Asset TRIPLE A Sustainable Investing as Asset Management Company of the Year (Highly Commended) 2022 ASSET AWARDS THAsset TRIPLE A LLC Bank and SME Bank For Treasury/Working Capital Management in PH IFC 2022 International Finance Corporation WORLD BANK GROUP 1st Bank to earn Excellence in Design for Greater Efficiencies (EDGE) Certification in PH 2022 a Alpha Southeast Asia Best FX Bank Corporates, Fis-5th win Retail Clients-4th win 2022 Institutional Investor Best IR Program: 5th in All-Asia 3rd in Small & Midcap 2020 INTERNATIONAL BUSINESS MAGAZINE Best Digital Bank Most Sustainable Bank In PH 2022 EUROMONEY Best Bank in the Philippines 2020 Best Employer Brand Winner and Diversity Champion Finalist PR SP 2023 PUBLIC RELATIONS SOCIETY OF THE PHILIPPINES BPI won 6 Platinum, Gold & Silver Anvil Awards 2023 COUNTRY AWARDS 2022 FinanceAsia Best Investment Bank Best Equity and Debt Market House 2022 a Southeast Asia Best Investment Bank Best Equity House 2022 BPI Capital INTERNATIONAL BUSINESS MAGAZINE Finance Derivative Best Investment Bank Best Equity Capital 2022 Markets House PH Best Investment Bank In PH 2022 31 ASIAN ASSET A AWARDS Asset TRIPLE A Best Green Bond-Corp for Ayala Energy Best IPO for Monde Nissin 2021 THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.#31BPI ELEVATING FINANCIAL INCLUSION For your comments and queries, contact us via: [email protected] Tel: (632) 8246 5862 https://www.bpi.com.ph/ Scan the QR code to download the 2022 Integrated Report or visit https://www.bpi.com.ph/about/investorrelations/integrated-reports BPI Login D Scan the QR code here MANELYN CE OF BPI ELYN#32Important Information DISCLAIMER: This presentation has been prepared by the Bank of the Philippine Islands ("BPI" or the "Company") solely for informational purposes. All contents hereof are the sole and exclusive property of BPI. Nothing in this presentation shall be considered a solicitation, offer, advice or recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this presentation. BPI makes no representation or warranty as to the accuracy or completeness of information in this presentation and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any inaccuracies or errors in, or omissions from, this presentation. This presentation may contain forward looking statements including statements regarding the Company's intent, belief or current expectations with respect to BPI's [businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices]. Readers are cautioned not to place undue reliance on these forward-looking statements. BPI does not undertake any obligation to publicly release the result of occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside BPI's control. BPI You may also reach out to BPI's complaints handling unit for other inquiries and concerns, send us a message via www.bpi.com.ph/contact or call our 24-Hour BPI Contact Center at (+632) 889-10000. BPI is regulated by the Bangko Sentral ng Pilipinas. https//www.bsp.gov.ph THIS DOCUMENT IS THE PROPERTY OF BANK OF THE PHILIPPINE ISLANDS.