#1RCBC Investor Presentation 1Q 2020#2DISCLAIMER ANY INVESTMENT DECISION TO PURCHASE SECURITIES IN THE CONTEXT OF A PROPOSED OFFERING, IF ANY, SHOULD BE MADE ON THE BASIS OF THE FINAL TERMS AND CONDITIONS OF THE SECURITIES AND THE INFORMATION CONTAINED IN THE OFFERING CIRCULAR PUBLISHED IN RELATION TO SUCH AN OFFERING AND NOT ON THE BASIS OF THIS DOCUMENT WHICH DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OR SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES. The information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the information or opinions contained herein. The information set out herein does not purport to be complete, may be subject to revision and may change materially. RCBC is under no obligation to keep current the information contained in this document and any opinions expressed in it are subject to change without notice. None of RCBC or any of its affiliates, advisers or representatives shall have any liability whatsoever for any loss whatsoever arising from any use of this document or its contents or otherwise arising in connection with this document (whether direct, indirect, consequential or other). The information in this document should not be considered as a recommendation or advice to holding or purchasing securities or any other financial product, and does not take into account your particular investment objectives, needs or financial situation. This document is highly confidential and is being given solely for your information and for your use and may not be shared, copied, reproduced or redistributed to any other person in any manner. This document contains "forward-looking statements", which include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "will", “would”, “aim”, “aimed”, “will likely result", "is likely", "are likely", "believe", "expect", "expected to", "will continue", "will achieve", "anticipate", "estimate", "estimating", "intend", "plan", "contemplate", "seek to", "seeking to", "trying to", "target", "propose to", "future", "objective", "goal", "project", "should", "can", "could", "may", "will pursue" or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond RCBC's control, that may change at any time, and could cause the actual results, performance or achievements of RCBC to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Recipients are cautioned not to place substantial or undue reliance on these forward-looking statements. All forward-looking statements included in this presentation are made only as of the date of this presentation and neither RCBC, the Dealers, nor any of their respective affiliates, agents, advisors or representatives (including directors, officers and employees) intend or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document as a result of new information, future events or any other factors. Recipients of this presentation are required to make their own independent investigation and appraisal of the business and financial condition of RCBC, and any tax, legal, accounting and economic considerations relevant to the situation. The Dealers may act as market makers or trade on a principal basis, or have undertaken or may undertake to trade for their own accounts, transactions in the Securities or related instruments of RCBC and may act as underwriter, placement agent, advisor or lender to RCBC. The Dealers and/or their respective employees may hold a position in any Securities mentioned herein. This document contains data sourced from and the views of independent third parties. In replicating such data in this document, neither RCBC nor the Dealers make any representation, whether express or implied, as to the accuracy of such data. The replication of any views in this document should not be treated as an indication that RCBC or the Dealers agree with or concurs with such views. 2 RCBC#3Table of Contents 1 Introducing RCBC 2 Economic Overview 3 Financial Overview 4 Strategic Initiatives LO 5 Recognition 6 Appendix - Financial Information 3 RCBC#4Investor Presentation 1Q 2020 1. Introducing RCBC 4 RCBC#5RCBC is a leading financial services provider in the Philippines Incorporated in 1960, RCBC is the 8th largest private domestic bank in the Philippines by assets, with a market capitalization of Php33.10bn (USD0.65bn)1 and share price of Php17.102. Member of the Yuchengco Group of Companies (YGC). Extensive Branch Network 509 Branches 1,537 ATMS 6,561 Employees *Exchange Rate - US$ 1 = PHP50.68 as of end-March 2020 2Market Capitalization and Share Price as of end-March 2020 Main Business Lines Corporate Banking SME Banking Investment Banking Retail Banking Consumer Loans (Auto, Housing, Salary) Credit Cards Bancassurance Trust and Investments Foreign Exchange Key Financial Metrics (1Q 2020) Figures in PHP 715B Assets 470B Loans 488B Deposits 10.0B 2.3B Revenues Net Income +8% +16% +17% +23% +77% 5 RCBC#6Investment Information Equity Profile Dividend History Credit Rating MOODY'S Dividends Particulars 1Q 2020 Year Pay-out ratio per share Ticker RCB 2019 0.45 17.02% Long Term Deposit Baa2 Issued shares 1,935.63mn 2018 0.62 20.02% Long Term IDR Stock Price 17.10 2017 0.55 16.53% Senior Market Cap Php 33.10bn Baa2 2016 0.72 20.00% Unsecured ( USDO.65bn ) Bank Financial BV per share Php 43.75 2015 0.60 19.29% baa3 Strength [2] Price to Book 0.39 2014 1.00 25.32% Outlook Stable *Investment Grade rating by Moody's on December 2019 Results of the Stock Rights Offering in July 2018: RCBC's Stock Rights Offering (SRO) of 535,710,378 million shares were listed in the Philippine Stock Exchange (PSE) on July 16, 2018 and the gross proceeds amounting to PHP14,999,890,584 were booked on the same date. The shares were offered at PHP28.00 with entitlement ratio of 1 Right Share for every 2.6132 RCBC common shares held. 6 RCBC#7• • Yuchengco Group of Companies YUCHENGCO GROUP OF COMPANIES The Power of Synergy RCBC is a member of the Yuchengco Group of Companies (YGC), one of the premier business conglomerates in the Philippines. The group is engaged in a wide range of financial and non-financial services. The synergies among these companies allow customers to access a wide range of financial products and services. RCBC Universal Bank A YGC Member The Power of Synergy Pan Malayan Management and Investment Corp. (PMMIC) MICO Equities Non-life Insurance Holding Company Holding Company GPL Holdings Corp. Life Insurance Holding Company House of Investments, Inc. Holding Company AY Foundation, Inc. Corporate Philanthropic Arm RCBC We believe in you. Malayan Insurance Co., Inc. (#1 Non-life Insurance Company in the Philippines) MALAYAN INSURANCE Sunlife GREPA Financial, Inc. (Sunlife share = 49%) Sun Life GREPA Financial Mapua University MAPÚA UNIVERSITY EEI (Construction Co.) Honda Cars Philippines Isuzu Philippines HOUSE OF INVESTMENTS E EEI CORPORATION 1931 7 RCBC#8Ownership Structure 國泰人壽 Cathay Life Insurance Cathay Life Insurance 23.35% IFC International Finance Corporation WORLD BANK GROUP International Finance Corporation 5.58% Public Float 18.64% RCBC YUCHENGCO GROUP OF COMPANIES The Power of Synergy Pan Malayan Management and Investment Corp. (PMMIC) & Affiliates of the Yuchengco Group of Companies (YGC) 52.43% 8 RCBC#9Comprehensive and Diversified Business Platform RCBC Capital Corporation Investment Bank RCBC Forex Brokers Corporation Foreign Exchange Broker RCBC Securities Corporation Securities Brokerage RCBC Bankard Services Corporation Credit Card Services Provider RCBC Rizal Micro Bank Microfinance Thrift Bank RCBC Leasing Leasing Company RCBC Intl Finance Hong Kong Financing Company RCBC Rental RCBC Investment Ltd Rental Company Remittance Note: RCBC Savings Bank - Thrift Bank was merged with RCBC Parent on July 2019. 9 RCBC#10Key Milestones 1960-1970s September 1960 RCBC was incorporated and began operations in Rizal 1962 ■ Received approval from BSP to operate as a commercial bank under its present name 1973 Formed alliances with Continental Illinois Bank and UFJ (Sanwa) 1980-1990s 1985 ■ Continental Illinois Bank sold its shareholding to UFJ (Sanwa Bank) 1986 ■ Successful listing of RCBC shares on the stock exchange 1989 Received approval from BSP to operate as a Universal bank 1996 ■ RCBC Savings Bank was incorporated to provide retail/consumer banking services 1998 Acquired Capitol Development Bank and merged with RCBC Savings 2000s 2000 Acquired 67% stake in Bankard Inc. 2006 ☐ UFJ (Sanwa Bank) disposed entire Shareholding to Spinnaker 2008 Acquired Merchants Bank to kickstart microfinance lending in Mindanao 2009 Spinnaker sold its entire stake back to RCBC and the Yuchengco Group Acquired JP Laurel Rural Bank in Batangas to expand microfinance operations to Luzon 2010s 2011 ■ Formed alliances with IFC and CVC Capital Partners ■ Formed Bancassurance partnership with Sunlife GREPA Financial 2012 Acquired First Malayan Leasing and Finance Corporation and its subsidiary Malayan Rental to enter equipment leasing business 2013 ■ Placed additional shares with institutional investors to comply with Basel 3 capital rules ■IFC infused additional equity ■ Sold stake in RCBC Realty and Bankard (listed co. only) 2015 Partnership with Cathay Financial Holdings Group. Cathay Life Insurance is the shareholder in RCBC. 2018 ■ Raised PHP15 billion in fresh Common Tier 1 Capital via Stock Rights Offering (SRO). 2019 ■ Raised PHP15 billion in Peso Bond, the Philippines' first green finance framework under the ASEAN Green Bond Standards. ■ RCBC Savings merged with RCBC on July 2019 RCBC is the 8th largest private domestic commercial bank in the Philippines by assets as of March 2020 10 RCBC#11RCBC has a broad, nationwide branch network Branch distribution by Region December 2019 Start your transaction here. RCBC We belest in you I: Ilocos Region 16 III: Central 41 Luzon CAR 3 8 II: Cagayan Valley IV-A: Calabarzon NCR: Metro Manila 200 84 7 V: Bicol Region IV-B: Mimaropa VIII: RCBC branches Regular branches 6 VI: Western Visayas 6 Eastern Visayas 26 497 30 VII: Central Visayas Extension offices 12 X: Northern XIII: Mindanao 6 Caraga Total 509 14 6 Note: Branch total includes the 21 branches of Rizal Microbank, RCBC's Microfinance Thrift Bank subsidiary IX: Zamboanga Peninsula 20 13 XI: Davao Region XII: Soccsksargen 11 RCBC#12Investor Presentation 1Q 2020 2. Economic Overview 12 RCBC#13Recession likely due to COVID-19 Pandemic Several industries hard-hit such as Travel & Services FORECAST Philippine GDP growth rate -2 to -4% From usual +6 to 7% • Philippine growth constrained in view of the stringent quarantine measures to contain the COVID-19 outbreak. • 1Q 2020 GDP contracted by -0.2%, first contraction since 1998 • At least Php1.7 to 2.1 trillion in total economic losses could completely erase the usual Philippine GDP growth of at least 6% under normal conditions (before COVID-19) for most of the recent years 13 RCBC#141Q 2020 GDP growth contracted by -0.2%, the first contraction since 1998 Contribution % of GDP 1Q 2020 1Q 2019 Difference to the -0.2% GDP Growth GDP Growth 100.0% -0.2% 5.7% -5.9% GDP by Expenditure Shares Consumer Spending 74.5% 0.2% 6.2% -6.1% 0.1% • Gov't. Spending 12.7% 7.1% 6.4% 0.7% 0.8% Investments Exports Imports 21.0% -18.3% 9.8% -28.1% -4.7% 30.3% -3.0% 4.2% -7.2% -1.0% 38.9% -9.0% 8.9% -17.9% -3.9% Services GDP by Industrial Origin 60.3% 1.4% 7.1% -5.7% 29.9% -3.0% 4.9% -7.9% 0.8% -0.9% 9.9% -0.4% 0.5% -0.9% -0.04% Industry Agriculture Source: Philippine Statistics Authority (PSA) Note: Using 2018 base year Latest GDP growth contraction was largely brought about by: Disruptions/shutdowns in production/output Supply chain disruptions locally and globally due to the enhanced community quarantine (ECQ)/ lockdown in Luzon and in other areas of Visayas and Mindanao in the final 2 weeks of March 2020. 14 RCBC#15Investor Presentation 1Q 2020 3. Financial Overview 15 RCBC#16RCBC Net Income Sustains Its Strong Momentum Amounts in PHP Millions 1Q20 1Q19 Change % Change SELECT INCOME STATEMENT DATA Net Interest Income 6,300 5,288 1,013 19.2% Non-Interest Income 3,693 2,859 834 29.2% Operating Expenses 5,556 5,232 324 6.2% Provision for Probable Losses 1,601 1,134 467 41.2% Net Income 2,308 1,305 1,004 76.9% SELECT BALANCE SHEET DATA Assets 715,322 664,727 50,595 7.6% Loans 470,198 404,013 66,185 16.4% Deposits 488,335 415,965 72,370 17.4% Capital 84,708 83,261 1,447 1.7% *On May 27, 2019, the RCBC Board approved the Bank's request to exercise its call option and redeem its P10,000 5.375% Tier 2 Notes. The request was subsequently approved by the Monetary Board on July 25, 2019, subject to compliance with BSP conditions. On September 26, 2019, the Bank exercised the call option and fully redeemed the notes. 16 RCBC#17Historical Financial Performance Amounts in PHP Billions PROFITABILITY OPERATING EFFICIENCY 76.1% 70.9% 73.2% 60.7% 55.6% 11.1% 6.4% 6.7% 5.8% 6.5% 17.4 17.8 19.4 21.8 5.6 2016 2017 2018 2019 1Q20 Operating Expenses Cost-to-Income Ratio 5.4 4.3 4.3 3.9 2.3 LOANS AND DEPOSITS CAGR Loans 12% '16-'19 Deposits 9% 2016 2017 2018 2019 1Q20 Net Income Annualized ROE 306 353 354 388 389 423 430 457 448 488 2016 2017 2018 2019 1Q20 ■Loans Deposits 17 RCBC#18Consolidated Income Statement Amounts in PHP Millions 1Q20 1Q19 Change % Change Interest Income 9,512 9,083 429 4.7% Interest Expense 3,212 3,796 (584) -15.4% Net Interest Income 6,300 5,288 1,013 19.2% Other Income 3,693 2,859 834 29.2% Trading Gains and Forex 2,451 1,446 1,005 69.5% Trust Fees 70 79 (9) -11.9% Service Fees & Commissions 894 977 (83) -8.5% Miscellaneous 279 357 (79) -22.0% Provision for Probable Losses 1,601 1,134 467 41.2% Operating Expenses 5,556 5,232 324 6.2% Provision for Income Tax 527 476 52 10.9% Net Income 2,308 1,305 1,004 76.9% 18 RCBC#19Income growth driven by trading gains and loan book expansion Amounts in PHP Millions GROSS INCOME ■Net Interest Income ■Other Income Diversified and high quality loan portfolio 1Q20 0% 1Q19 A 20% Consumer 31% Corporate 0% 451B 53% ▲ 13% 3,693 30% 386B 55% ▲ 19% 2,859 15% SME 16% ▲ 26% A29% 6,300 5,288 1Q19 1Q20 Trading & FX gains 1,446 2,451 1Q20 1Q19 19 RCBC#20Consolidated Balance Sheet Amounts in PHP Millions 1Q20 1Q19 Change % Change Cash/Due from BSP & Other Banks 88,790 88,192 598 0.7% Investment Securities 97,570 140,181 (42,611) -30.4% Loans (net of Interbank) 448,421 385,052 63,369 16.5% Other Assets 80,541 51,302 29,239 57.0% TOTAL ASSETS 715,322 664,727 50,595 7.6% Deposit Liabilities 488,335 415,965 72,370 17.4% Demand 79,709 57,796 21,913 37.9% Savings Time Other Liabilities Senior Debt Subordinated Debt 182,249 171,449 10,800 6.3% 226,376 186,719 39,657 21.2% 57,707 87,488 (29,781) -34.0% 84,572 68,023 16,549 24.3% 9,991 Total Liabilities Capital Funds TOTAL LIABILITIES & CAPITAL 630,614 581,466 49,148 8.5% 84,708 83,261 1,447 1.7% 715,322 664,727 50,595 7.6% *On May 27, 2019, the RCBC Board approved the Bank's request to exercise its call option and redeem its P10,000 5.375% Tier 2 Notes. The request was subsequently approved by the Monetary Board on July 25, 2019, subject to compliance with BSP conditions. On September 26, 2019, the Bank exercised the call option and fully redeemed the notes. 20 RCBC#21Consolidated Key Financial Indicators Amounts in PHP Millions 1Q20 1Q19 Change UKB Industry PROFITABILITY Annualized ROE 11.1% 6.4% 4.7% 10.6% Annualized ROA 1.3% 0.8% 0.5% 1.3% Net Interest Margin 4.2% 3.8% 0.4% 3.5% COST EFFICIENCY Cost-to-Income Ratio 55.6% 64.2% -8.6% 58.4% ASSET QUALITY Net NPL Ratio 2.2% 2.6% -0.4% 0.9% NPL Coverage Ratio 76.2% 67.3% 8.9% 97.7% CAPITAL Capital Adequacy Ratio 13.8% 16.2% -2.4% CET1 12.9% 13.4% -0.5% 1/ Average equity for the consolidated and parent ratios were computed based on the 4-month average of end of month balances. 2/ Average assets for the consolidated and parent ratios were likewise computed based on the 4-month average of end of month balances of total assets.1 3/ Non-performing loans (NPLs) were net of total specific allowance for probable losses per BSP Circular No. 772 of 2012. RCBC#22Investor Presentation 1Q 2020 4. Strategic Initiatives 22 22 RCBC#23High proportion of low-cost deposits, to be boosted by cash management initiatives • The Bank has a diversified depositor base, from • both the retail and corporate segments. Moving forward, the bank will continue to focus on building its customer base by improving our sales productivity through technology, tapping the growing middle class with products for the. Mass affluent, and offering a wide range of cash management products for Corporate and SME clients RCBC has a large suite of Cash Management products Collections • PDC Warehousing • • Bills Collection • • Auto-debit arrangement Deposit Pick-up Checkstream • Cash Cube EIPP • Check Rider . RCBC QR Pay Online Banking • RCBC Online Corporate (ROC) Online Government Payments CAGR '16-'19 = 9% 488 457 423 388 353 226 207 193 171 148 205 217 231 250 262 2016 2017 2018 2019 1Q2020 ■CASA Deposits Time Deposits Cash Disbursements • Payroll Crediting • Payroll Systems • • Corporate/Manager's Checkwriter Insta-Core Bills Payment Liquidity Management Account/Reverse Account Sweeping Multi-Bank Cash Viewing 23 RCBC#24Well-diversified loan portfolio, driven by the consumer segment Total Customer Loans In Php Billion CAGR '16-'19 = 12% 451 434 389 1 353 1 305 1 1 16 13 79 70 - 285 1 32 30 22 106 101 90 73 74 57 52 38 184 205 220 229 238 2016 2017 2018 2019 1Q20 Corporate SME Consumer ■Credit Card ■ Micro The Bank will continue to forge strategic partnerships with major car dealerships and real estate developers to support consumer loan growth RCBC leverages on its wide branch network to generate increased SME and consumer loan referrals The Bank also uses targeted sales campaigns, driven. by data science, to increase cross selling and credit card usage RCBC Bankard has one of the fastest growing credit card portfolios in the Philippines PLATINUM Credit card Consumer Loans* LOAN MIX 1Q20 1Q19 CHANGE RCBC Bankard Corporate 53% 55% -2% SME 16% 15% 1% Air Asia 5243 0212 3455 000O 5343 12 06/15 06/18 Consumer* 24% 24% 0% MIGUEL ANTONIO PRIETO mastercard 4368 6134 5678 9000 Credit Card 7% 6% 1% ALD 06/23 TRICIA OCAMPO Total 100% 100% CREDIT VISA *Auto, Mortgage, and Personal/Salary Loans 32B 106B 42% 15% YoY growth 24 RCBC#25Diverse and Stable fee-based revenue Fee Income In Php Million 4,175 3,759 3,490 3,417 3,601 2015 2016 2017 2018 Fee Income by Source 7% 13% 1% 9% 30% 40% 3% 5% 7% 964 2019 1Q20 14% 46% 24% 1Q 2020 1Q 2019 ■Debit Cards (ATM Cards) ■Deposit and Branch-Related ■Investment Banking-Related ■Loan Commitments Trust Bancassurance Fee Income Growth Strategy Retail Banking: Build a large mass affluent client base, including prepaid (MyWallet) and payroll customers, and increase no. of transactions such as payment (i.e. bills) and purchases. Push Digital onboarding and use of digital app. SME and Corporate Banking: Develop relationships with Corporate and SME clients to increase cross selling / collateral business (i.e. cash management, consumer loans, insurance, etc.), and earn loan fees. Asset Management/Investment: Grow the Trust and Wealth Management businesses, leveraging on the bank's good relationship with the Chinese- Filipino clientele Investment Banking Fees: Build steady stream of deals in pipeline for Debt & Equity Underwriting and Financial Advisory, using RCBC Capital, an RCBC Subsidiary 25 RCBC#26RCBC is commencing its Digital Transformation Transformation centered on creating delightful customer experiences +256 Cash Cube instaPay PESONet Pada Thalai Paolo RCBC OPEN AN ACCOUNT ONLINE IN 6 STEPS RCBC Online Banking Data Science Dedicated and world-class Data Science team, enabling RCBC to leverage on customer data for cross-selling NEGOSYO iskarTech dti DEPARTMENT OF TRADE & INDUSTRY PHILIPPINES GA BARANG Financial Inclusion: Basic Deposit Accounts GAY SA PIL Diskartech app to offer Basic Deposit Accounts, in partnership with government and NGO partners RCBC Cash Cube Instacore Digital Transaction Banking Provides clients with digital cash management solutions for their various needs RCBC ATMGO Financial Inclusion: ATM GO Increase touchpoints for mPOS-based agency banking through various partnerships with LGUs and Rural Banks Digital Banking channels and Continuous enhancements improvement of the Bank's digital channels mobile and online banking to enable online account opening and off- us check deposits ATM B RCBC MyDebit 5343 9912 3456 7890 JUAN DELA CRUZ 187127 mostercord 26 RCBC#27The Bank is a leader in Green and Sustainable Finance RCBC is the first Philippine universal bank to issue green and sustainable financing instruments under global standards MSCI ESG rating A RCBC Sustainable Loan Portfolio 31 March 2020 Access to Essential Advancement 3% Services Socioeconomic Sustainable Water Management 2% Clean Transportation 9% Employment Generation 10% 7% + Energy Efficiency 11% Affordable Housing 12% RCBC ASEAN SUSTAINABILITY BOND 6.15% OFFER PERIOD: MAY 14-28, 2019 Visit your nearest RCBC Branch & #investResponsibly today + RCBC Sustainability Bond Php8B ($160M) 38B Green RCBC ASEAN'S FIRST PESO GREEN BOND Renewable Energy 46% 18B Social RENEWABLE ENERGY About 12% (56Bn) of the Bank's loan portfolio are eligible Green and Sustainable financing GREEN ENERGY EFFICIENCY POLLUTION RCBC GREEN* 2020 SUSTAINABLE COMMUNITIES CLEAN TRANSPORTATION CLEAN ENERGY RCBC Sustainability Bond $300M RCBC Green Bond Php15B ($285M) 27 RCBC#28Investor Presentation 1Q 2020 5. Recognition 28 RCBC#29Recognized by multiple award-giving bodies WORLD FINANCE Best Commercial Bank in the Philippines 2017 - Best Banking Group in the Philippines 2017 ASSET ASIAN AA AWARDS THE Asset * TRIPLE Best Issuer for Sustainable Finance - 2020 Best Sustainability Bond Philippines 2020 Transport Deal of the Year - 2019 ASSET ASIAMONEY Best SME Bank - 2018 Best for Credit Derivatives - 2016 Best Market Coverage -2016 Best for Credit Sales - 2016 Best Domestic Provider for Credit - Philippines - 2016 BENCHMARK *THE AWARDS ESG THE Asset G 2019 19* Best Practices award - 2020 THE 1000 INTERNATIONAL FINANCE Best Card Offering-Philippines - 2018 PHILIPPINE AWARDS IABC PHILIPPINES Award for Communication Management - Marketing, Advertising and Brand Communication - 2018 Special awards for five (5) advertising campaigns - 2018 pfi PROJECT FINANCE INTERNATIONAL Asia-Pacific Renewables Deal of the Year - 2017 Infra deal of the Year - 2016 BANKING & FINANCE Syndicated Loan of the Year - RCBC Capital cfi Best SME Bank - 2016 29 29 RCBC#306. Appendix FREE AME LIFE! CREDIT CARDS SAVINGS HOME AUTO LOAN LOAN OPECKING Investor Presentation 1Q 2020#31Consolidated Income Statement Amounts in PHP Billions 2016 2017 2018 2019 1Q20 Net Interest Income 15.71 18.02 20.49 22.37 6.30 Total Non Interest Income 7.11 7.10 6.01 13.49 3.69 Gross Income 22.82 25.12 26.50 35.86 9.99 Provision for Loan Losses 1.77 2.16 1.90 7.40 1.60 Income before Operating Expenses 21.05 22.97 24.60 28.46 8.39 Total Operating Expenses 17.36 17.82 19.40 21.80 5.56 Income before Tax 3.70 5.15 5.19 6.66 2.84 Provision for Income Tax (0.17) 0.84 0.87 1.28 0.53 Net Income 3.87 4.31 4.32 5.39 2.31 Net Income / (Loss) attributable to Minority Interest 0.00 0.00 0.00 0.00 0.00 Net Income attributable Parent Company 3.87 4.31 4.32 5.39 2.31 Shareholders 31 RCBC#32Consolidated Balance Sheet Amounts in PHP Billions 2016 2017 2018 2019 1Q20 Cash/Due from BSP/Due from Other Banks 107 93 94 123 89 Loans Arising From REPO 8 10 10 6 31 FVPL/FVTCI 24 13 30 60 70 Held to Maturity Investments 52 60 89 101 28 Interbank Loans Receivables 0.5 0.0 9.5 18.8 21.8 Loans-net 306 354 389 430 448 Bank Premises, Property & Eqpt. - net 9 9 8 11 11 Equity Investments - net 0 0 0 0 0 Investment Properties - net 3 3 4 4 4 Other Assets 12 11 11 13 12 Total Assets 521 554 645 767 715 Demand Savings Time 42 52 56 71 80 163 165 174 179 182 148 171 193 207 226 Deposit Liabilities 353 388 423 457 488 Other Liabilities 54 61 77 131 58 Senior Debt 42 28 53 97 85 Subordinated Debt 10 10 10 0 0 Total Liabilities 459 487 563 684 631 Minority Interest in Subsidiary/Allied Undertakings 0 0 0 0 0 Capital Funds 62 67 81 83 85 Total Liabilities & Capital 521 554 645 767 715 32 RCBC#33Key Financial Ratios Return on Average Capital Funds Return on Average Assets Net Interest Margin Cost-to-Income Ratio CASA to Total Deposits NPL Ratio* CAR** 2016 2017 2018 2019 1Q20 6.4% 6.7% 5.8% 6.5% 11.1% 0.8% 0.8% 0.7% 0.8% 1.3% 4.1% 4.3% 4.0% 4.0% 4.2% 76.1% 70.9% 73.2% 60.7% 55.6% 58.1% 55.9% 54.4% 54.7% 53.6% 1.0% 1.3% 1.3% 2.2% 2.2% 16.2% 15.5% 16.1% 13.8% 13.8% *Non-performing loans (NPLs) were net of total specific allowance for expected credit losses per BSP CircularNo. 941 of 2017. ** Basel 3 as of 2014 33 RCBC#34RCBC Thank you.