#1LEXUS Metrobank Bimbies FEDERAL LAND GE Capital Holdings KEEPING YOU IN MIN ORIX August/September 2020 FAMI PSBank GT CAPITAL MITSUI & CO NOMURA REAL ESTATE DEVELOPMENT MITSUKOSHI ETRO ACIFIC INVESTMENTS GT CAPITAL HOLDINGS INCORPORATED Partners for Good AXA Investor Presentation First Half 2020 Financial and Operating Results For more information, Visit gtcapital.com.ph/investor-relations or contact [email protected] Must from Bensound.com#2Notice/Disclaimer GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER The information in this presentation has been prepared by GT Capital Holdings, Inc. (the "Company"). By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations and represent that you are a person who is permitted under applicable law and regulation to receive information contained in this presentation. The information communicated in this document contains certain statements that are or may be forward looking. These statements typically contain words such as "will," "expects" and "anticipates" and words of similar import including those relating to general business plans and strategy of the Company as well as its subsidiaries and associates. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company's business, its competitive environment, its ability to implement its strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in the Philippines. There may be additional material risks that are currently not considered to be material or of which the Company and its advisors or representatives are unaware. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The Company does not accept any liability or responsibility for any reliance on the information or opinions contained in this presentation for any purpose. Neither the Company nor any of the Company's advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may materially change at any point in time. Certain market information and statistical data included herein have been obtained from sources that the Company believes to be reliable but in no way are warranted by the Company nor any of the Company's advisors or representatives as to genuineness, accuracy or completeness. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its advisors are under an obligation to update, revise or affirm. THIS PRESENTATION AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE A PROSPECTUS, OFFERING CIRCULAR OR OFFERING MEMORANDUM OR AN OFFER, OR A SOLICITATION OF ANY OFFER, TO PURCHASE OR SELL ANY SECURITIES, AND SHOULD NOT BE CONSIDERED AS A RECOMMENDATION THAT ANY INVESTOR SHOULD SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF THE COMPANY. This presentation is strictly confidential to the recipient, may not be reproduced, retransmitted or further distributed to the press or any other person, may not be reproduced in any form and may not be published, in whole or in part, for any purpose. Neither this document nor any copy of it should be distributed in any country where such distribution may lead to a breach of any law or regulatory requirement. Distribution of this document in the United States, Australia, Canada or Japan may constitute a violation of United States, Australian, Canadian or Japanese securities law. Neither this presentation nor any of its contents may be used for any other purpose without the prior written consent of the Company. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of Australia, Canada or Japan, and may not be offered or sold within the United States unless they are registered under the Securities Act or pursuant to an exemption therefrom, or in a transaction not subject to the registration requirements of the Securities Act and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to any national, resident or citizen of Australia, Canada or Japan. No public offer of securities by the Company is being made in the United States, Australia, Canada or Japan. Jose B. Crisol, Jr. "Joey" Senior Vice President and Head, Investor Relations, Strategic Planning, and Corporate Communication [email protected] David Louis B. de Jesus, Investor Relations and Corp. Comm. Officer [email protected] Bruce Ricardo O. Lopez, Investor Relations and Strategic Planning Officer [email protected] Joaquin Juan Paolo V. Mabanta, Investor Relations Officer [email protected] [email protected] TEL: +632 8836 4500 FAX: +632 8836 4159 43/F GT Tower International, Ayala Ave. cor. H.V. dela Costa St., Makati, Metro Manila, Philippines 1227 2#3Table of Contents GT Capital Corporate Profile 5 History of Strategic Partnerships 6 Strategic Direction 9 GT Capital Component Companies 11 Current Corporate/Ownership Structure 12 Our Macroeconomic View 13 Group Consolidated Financial Highlights 16 Net Income Contribution 17 Metropolitan Bank and Trust Company (MBT) 20 Toyota Motor Philippines Corp. (TMP) 30 Federal Land, Inc. (Federal Land) 46 Cavite 702 Hectares Share Redemption and Financial Highlights 50 Map of Lancaster New City (LNC) & MPIC Projects 52 AXA Philippines (AXA) 56 Metro Pacific Investments Corp. (MPIC) 58 GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER 3#4We trace our history to Metropolitan Bank and Trust Company (Metrobank), founded by Dr. George S.K. Ty in 1963 Universal banking days: Key non-banking businesses of the Ty family were initially folded into Metrobank Basel III regulations: GT Capital was formed to assume Metrobank's non-banking businesses and to function as the Ty family's official holding company. GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER 4#5GT CAPITAL Corporate Profile GT Capital directly owns market-dominant businesses in underpenetrated sectors of the Philippine economy, namely banking; automotive assembly, importation, dealership, and financing; infrastructure; property development; and life and general insurance. Banking Automotive Assembly, Importation, Dealership, and Financing Property Development Life and General Insurance Metrobank You're in good hands TOYOTA 52% effective 51% FEDERAL LAND 100% GT Capizal Haldfras 53% effective GT CAPITAL HOLDINGS INCORPORATER Strategic Partnerships with Best-of-Class Brands METRO TOYOTA AXA PACIFIC INVESTMENTS ORIX NOMURA REAL ESTATE ISETAN MITSUKOSHI HOLDINGS MITSUI & CO. DEVELOPMENT TOYOTA FINANCIAL SERVICES Sumitomo Corporation Infrastructure and Utilities AYA METRO PACIFIC 16% INVESTMENTS MARCO POLO Listed on the PSE since April 2012 Included in PSEI 16 September 2013 Included in FTSE All World Index 21 March 2014 Included in MSCI Philippine Index 29 May 2015 All-Time High Market Capitalization (10 August 2016): Php282 billion GRAND HYATT HOTELS Premium JBA USS Used car System Solutions 5#6-7.3% President CORAZON C. AQUINO 1986-1992 1988 GDP Growth, in percent 4.3% 3.4% 1992-1998 1996 1999 2002 GT GT CAPITAL Trusted by partners from Japan and around the world HOLDINGS INCORPORATED TOYOTA MITSUI & CO. AYA Toyota Motor Philippines is established with Toyota Motor Corp and Mitsui & Co. as partners Toyota Manila Bay Corp is established with Mitsui & Co. Ltd as partner ORIX Global Business Power is established. Later, ORIX Corporation, Formosa, and Meralco become JV partners AXA Philippines, a joint venture with AXA S.A. of France, assumes the Group's life insurance business TOYOTA FINANCIAL SERVICES Toyota Financial Services (TFS) Philippines, a JV with TFS of Nagoya, becomes the Group's official lease-to-own auto financing arm TOYOTA ANZ Bank partners with Metrobank to form Metrobank Card, the country's number one credit card company Sumitomo Corporation Sumitomo Corporation and PSBank venture into motorcycle financing Marco Polo Hotels partners with the Group for the Marco Polo Hotel in Cebu. Later, the two join forces to build Marco Polo Residences GRAND ORIX HYATT ORIX Corporation partners with Federal Land to create Federal Land-Orix Corp., the developer of the Grand Midori ORIX Corporation and Federal Land enter into a venture to build the Grand Hyatt Manila and Metrobank Center in HITAN MITSUKOSE HOLDINGS NOMURA REAL ESTATE Isetan Mitsukoshi Holdings and NOMURA Real Estate partner with Federal Land for Sunshine Fort at Grand Central Park, Bonifacio GT Capital acquires affordable property developer Pro-Friends TOYOTA HALAY CO TOYOTA AXA GOO FEDERAL LAND-ORIX GRAND FINANCIAL SERVICES MARCO POLO Sumisho HYATT May Powe GT Capital acquires stake in infrastructure conglomerate Metro Pacific Investments Corporation METRO Used car Solutions USS System JBA MITSUI & CO. Used Car System Solutions (USS) subsidiary JBA enters into joint venture with GT Capital and Mitsui & Co. Ltd. to establish JBA Philippines PACIFIC SUNSHINE FORT SONNOD HA Premium ✓ MITSUI & CO. Premium Group of Japan enters into joint venture with GT Capital and Mitsui & Co. Ltd. to establish Premium Warranty Philippines JBA Premium TOYOTA 1989 Toyota Motor Philippines achieves its first #1 ranking in overall sales under current JV President FIDEL V. RAMOS Toyota Motor Philippines garners the first of its 18 consecutive Triple Crown President JOSEPH E. President GLORIA ESTRADA MACAPAGAL-ARROYO 2001-2010 1998-2001 2002 2002 2003 6.8% 6.2% 6.7% 5.8% 6.6% 44% 4.7% 5.2% 4.4% 5.0% 4.8% 5.2% 3.0% 3.1% 3.6% 4.2% 2.1% 2.9% 1.1% 0.3% -0.6% -0.6% 2006 Dr. George Ty is awarded MAP Management Man of the Yea 2006 2009 2011 2014 2015 2016 2017 2019 Metresbunk 2015 President BENIGNO C. AQUINO III 2010-2016 7.6% 6.7% 7.1% 3.7% 2013 2015 2016 Metrobank is hailed as the country's Strongest Bank by the Asian Banker Toyota achieves 1,000,000 vehicles sold in the Philippines 6.1% 6.1% 6.9% GDP Growth, in percent 20171 AITION Metrobank achieves Php1 trillion asset base President RODRIGO R. DUTERTE 2016-present BEST MANAGED BANK In the Philippines 2018 2019 Metrobank is hailed as the country's Best Managed Bank by the Asian Banker 2020#7GT GT CAPITAL Strong Group-wide Footprint HOLDINGS INCORPORATED Metrobank You're in good hands over P2.3 Tn 4.0 Mn 10,000 Trillion total resources individual depositors institutional and SME clients 960 52 branches nationwide TOYOTA FEDERAL LAND GT Capital Holdings 27 ongoing projects GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER remittance centers 20,000 employees Group- wide 60,000 vehicles built annually at the TMP eco-zone 1.8 Mn Toyota units sold in PH from 1987-2020 71 dealerships nationwide 80% Pay via financing 3,563 regular employees 110 hectares of prime land bank 11,000 registered homeowners 90% Pay via loan financing 48 years of experience 480 full-time employees P84 Bn 1.4 Mn 1.6M 783 39 institutions insured standalone branches 4,800 exclusive agents 2,400 full-time employees AYA METRO PACIFIC INVESTMENTS Billion AUM 850k vehicle entries on toll roads Figures as of Latest 17-A, 17-Q, and IR Presentation Disclosures lives insured (incl. group life) individual client accounts 3.2 Mn patient visits to MPI hospitals 1.4 Mn Million serviced with water 16 Mn '000s Customers group-wide Group-wide employees 7#8GT GT CAPITAL Strong Group-wide Footprint HOLDINGS INCORPORATED 31,572 group-wide employees including contractual & agency Across an broad spectrum of clients Institutional High net worth Upper middle-income Small and medium enterprises Middle-income and emerging affluent Affordable segment Overseas Filipino Workers Be BPO employees and others Figures as of Latest 17-A, 17-Q, and IR Presentation Disclosures 12 global strategic partners 1,525 Branches nationwide GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER 24.3 Million customers Present in 68 9,893 Provinces active salespersons 8#9GT CAPITAL Strategic Direction • Toyota unit sales through MBT/PSBank auto loans/TFS lease-to-own package • Federal Land home mortgages by MBT/PSBank • AXA bancassurance through MBT/PSBank branch network • Motor vehicle insurance • Cross-selling of GT Capital products into MPIC subsidiaries Synergy Cross-selling within the GT Capital Group GT CAPITAL New Sectors GT CAPITAL HOLDINGS INCORPORATED Exploring underpenetrated sectors with new strategic partners GT CAPITAL HOLDINGS INCORPORATER • New strategic partners • Infrastructure (MPIC) • Medical diagnostics • Retail (e.g. Isetan Mitsukoshi/Nomura Real Estate) Expansion in Existing Sectors Extending the value chain of existing businesses ⚫TMP/MBT expansion in Next Wave Cities • Entry into used car market through JBA Philippines Wider property sector product offerings Master-planned communities . • Retail spaces BPO/Commercial space 9#10GT CAPITAL Moving Forward Towards Recovery Where are we today? Strong Fundamentals GT Capital •Strong liquidity •Low Gearing ⚫Unutilized credit lines •Conservative CAPEX budget Toyota •Resilient network; ability for strong restart Provincial inquiries 73% of total •Sustained leading market share of 39% Ability to launch despite lockdown Metro Pacific • Volume recovery to near pre-Covid levels Metrobank •PPOP +61% •Anticipatory provisions •Cost-to-income at 45% •CASA growth +20% •CAR at 20% Federal Land •Robust unbooked reservation sales Recovering POC •Healthy bookable revenue pipeline AXA Philippines •Net income +29% •Established digital platform •Higher sales of P&H, Single Premium • • How are we protecting our financial health? Financial Discipline Conso cash and near-cash Php23.6 B Conso unutilized short-term bank lines Php91.3 B • Conso unutilized long-term bank lines from major banks Php19.0 B · • • Deferred non-essential capex Deferred FLI project launches Cost control through lower operating expenses (e.g. Admin, Sales and Marketing) GT CAPITAL HOLDINGS INCORPORATER How are we moving toward the future? Pivot Toward Recovery Metrobank •22% of clients are now enrolled in Metrobank's e-channels •79% of total transactions are now done via e- channels •1.2 Million app downloads on Google Play and App Store Federal Land •Online audience engagement and sales conversion •Online investor events 360° Virtual Tour •13,436 project inquiries from digital channels Toyota •Shift from a car selling company to an all- around mobility provider •Launch of virtual showroom •Launch of MyToyota.PH •Virtual launches of the Vios and Wigo •On-Demand Shuttle Booking app ⚫Kinto One Leasing program AXA Philippines • . Online selling via AXA Virtual Selling Assist (AVA) process • Launch and continuing development of Emma app (chatbot & teleconsultation) Figures as of Latest 17-A, 17-Q, and IR Presentation Disclosures 10#11GT Capital Component Companies Metrobank You're in good hands TOYOTA METRO PACIFIC GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER INVESTMENTS 1 Best Managed Bank in the Philippines for 2018, 2019 according to The Asian Banker 1 Most dominant automotive company in the Philippines, maintaining 35% to 40% market share from 2015-2019 1 Owns MERALCO, the Philippines' largest power distribution company 1 2 Second largest Philippine bank by assets as of end-2019 Owns GLOBAL BUSINESS POWER, one of Visayas' largest power generation companies 1 Highest passenger car, commercial vehicle, and overall sales annually since 2002 1 Owns MAYNILAD WATER, Metro Manila's widest water distribution network 1 Strongest Bank in the Philippines for 2011, 2013, 2015, and 2016 according to The Asian Banker 1 Triple Crown winner for 18 consecutive years 2002 - 2019 1 Owns METRO PACIFIC TOLLWAYS, which manages the Philippines' widest toll road network FEDERAL LAND GT Capital Holdings Over 45 years of experience in vertical, residential property development AYA 9 ΤΟΥΟΤΑ FINANCIAL SERVICES One of the country's largest life insurance companies in terms of gross premiums as of end-2019 1 Market leader in auto financing for Toyota vehicles; Market penetration rate of 40% as of June 2020 1 Pioneer in bancassurance Track record of landmark developments in Metro Manila 2 Second largest non-life insurer in terms of net premiums written as of end-2018 Nearly two decades-long track record in auto lease financing ✰ Over 100 hectares of land bank in prime locations TOYOTA MANILA BAY GROUP ✰ Combined penetration rate of 11% among Toyota dealers as of 1H 2020 ܀ Network of 5 dealer outlets ❖ Strategic partnership with Mitsui & Co. of Japan, a leading global conglomerate * Strong bancassurance synergies with Metrobank and PSBank ܀ ܀ Sumisho Motor Finance Corporation Anand Same-Corporation Joint venture with Sumitomo Corporation, one of Japan's largest conglomerates Nationwide footprint in over 320 motorcycle dealerships A leading institution in financing Japanese motorcycle brands ❖ Strategic partnership with Toyota Financial Services of Japan JBA Philippines 1 Joint venture with Japan Bike Auction Co., Ltd., a subsidiary of USS Co., Ltd. 1 Market leader in Indonesia car and motorcycle auction market 1 Market leader in Japan motorcycle auction market; 25% market share as of December 2018 Figures as of Latest 17-A, 17-Q, and IR Presentation Disclosures 11#12Current Corporate Ownership Structure Banking 55.93% Grand Titan Automotive GT GT CAPITAL HOLDINGS INCORPORATED Property Development Public Float 44.07% Insurance GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER Infrastructure and Utilities Metrobank 26.47% 37.15%8 15% owned by Ty family-related entities TOYOTA TOYOTA FINANCIAL SERVICES 21.0% → 36.0% → 51% FEDERAL LAND GT Capital Holdings 100% AYA METRO PACIFIC INVESTMENTS 25.3% 2,3 15.55% 28% 82.7% 99.2% TOYOTA MANILA BAY GROUP GTCAD GT CAPITAL AUTO DEALERSHIP HOLDINGS. INC. Sumisho Merr Eve Cocconcine 40%5 40.7% 60.0% →58.1% 4 100% 20%7 1 Free float (49%), Ty family-related entities (24%); Acquired 9.6% of Metrobank shares in April 2017 2 AXA SA (45%), FMIC (28%), Others (2%) 3 In April of 2016, AXA Philippines completed its acquisition of 100% of Charter Ping An Insurance Corporation from GT Capital. 4 Acquired 40.7% in December 2013 from Ty family-related entities; acquired remaining 19.3% in March 2014 from FMIC. On 7 March 2016, Toyota Manila Bay Corp. and Toyota Cubao, Inc. merged, with Toyota Manila Bay Corp. (TMBC) as the surviving entity. 5 Acquired 40% on August 2014 from Metrobank and PSBank 6Acquired 11.43% of MPIC primary common shares and 4.13% of secondary common shares from Metro Pacific Holdings, Inc. 7On August 8, 2017, GT Capital (20%) acquired Sumisho Motor Finance Corporation (50%) from Philippine Savings Bank (PSBank) (30%). 8In April 2017, GT Capital increased its stake in Metrobank to 36.09%. GTCAP further added to its stake in Metrobank as a result of the Bank's 2018 stock rights offering. 11 PSBank PHILIPPINE SAVINGS BANK Metrobank Group FIRST METRO INVESTMENT CORPORATION Metrobank Group 50% 30%#13Our Macroeconomic View 2Q 2020 GDP change (versus 2Q 2019, in %) ASEAN-5, US, China, Taiwan + +0.4 +3.2 Singapore US Malaysia Philippines Thailand Indonesia Taiwan Vietnam China GT GT CAPITAL Global • Expectedly, economies around the world have suffered from the COVID- 19 pandemic Governments have responded by reducing interest rates and providing stimulus packages Philippines First recession since 1991 FY2020 GDP forecasts revised downwards as the crisis unfolds Consumption Spending down -15.5% in 2Q2020 Unemployment rate reached 17.7%, 15-year high Uncertainty remains due to COVID-19 -5.3 -0.7 -12* -17.1 -16.5 -32.9 -41.2 Source: Government statistics from each country; *Estimate from Kasikornbank . 2020 Philippine GDP Growth Forecasts (in %) Shift to ECQ 6.3 6.1 IMF Moody's World Bank ADB Fitch Shift to MECQ 3.0 2.0 1.0 0.6 2Q GDP 0.6 results release Feb Feb Mar Apr Apr Apr May May Jun -0.2 -0.2 Jun Jun Jun Jul Aug -1.9 -4.0 -3.8 -4.5 -9.0 13#14GT GT CAPITAL Our Macroeconomic View Philippine Annual GDP Growth Trend (in %) Asian Financial Crisis Global Financial Crisis COVID 1980 1982 1984 1986 1988 1990 1992 1994 1996 1983-84: -7.3 Debt moratorium 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 202020 1991: -0.6 1998: -0.6 (last recession) 2Q2020-16.5 Source: World Bank, Philippine Statistics Authority Philippine GDP (in USD Billions) Philippines 2019: 361 2010: 208 2000: 130 1990:98 1980:83 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Source: World Bank Annual GDP growth averaged 6.4% from 2010 until 2019, among the highest in ASEAN GDP declined -16.5% in 2Q2020 due to the lockdown restrictions brought about by this unprecedented crisis Unprecedented crisis; GDP growth at lowest point since the 1983 debt moratorium crisis (-7.3%) 14#15GT GT CAPITAL Our Macroeconomic View Philippine Debt-to-GDP (in %) 2003: 71.4 Philippines 1H2020: 48.1 2019: 41.5 2015 2016 2017 2018 2019 1H2020 Source: Philippine Bureau of Treasury 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Despite an increase in government borrowings to address the impact of the pandemic, Debt-to-GDP remains in manageable levels 2019: 5.9 Philippine Consumption Expenditure Growth (in %) 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2Q2020 - Can still afford to borrow money without endangering the economy 2Q2020: 15.5 BSP considered one of the best central banks among emerging markets Source: World Bank Gross International Reserves (GIR) of USD98 Billion, record high Private consumption accounts for over 70% of Philippine GDP Annual consumption growth averaged 5.5% for the past 10 years As a consumption-driven economy, the Philippines was greatly affected by the lockdown restrictions 15#16GT Capital Group First Half 2020 Financial Highlights GT CARTAL GT CAPITAL Consolidated Net Income Php2.74 Bn -62% Php7.2 billion 1H 2019 Core Net Income Php3.17 Bn -55% Php7.1 billion 1H 2019 GT GT CAPITAL Metrobank You're in good hands Net Income Php9.1 Bn -30% Php13.0 Bn 1H 2019 Very strong PPOP Php36.1B +61% • No visibility on NPL •No specific provisions • Anticipatory Provisions up 5x to Php22.8 Bn to protect loan portfolio TOYOTA Net Income Php1.0 Bn -77% Php4.3 Bn 1H 2019 -52% decline in retail sales volume ● Provincial sales stronger than NCR • Dealership and assembly plant shutdown Continued workforce support FEDERAL LAND ST Copical moldings Net Income Php171 Mn -58% Php404 Mn 1H 2019 • Reservation sales +3% to Php9.1B • Lower booked sales due to POC stoppage Healthy pipeline of bookable revenue AXA Net Income Php1.6 Bn +29% Php1.2 Bn 1H 2019 Single Premium-Unit Linked +48% Protection & Health now 25% of total revenue, 28% of APE +179% Net income Php309 Mn from Gl Effective virtual selling under lockdown METRO PACIFIC INVESTMENTS Core Net Income Php5.3 Bn -38% Php8.7 Bn 1H 2019 ⚫ July volumes nearing pre-Covid levels • GT Capital's share in NI -38% to Php0.8B due to volume declines in Power, Water, Tollways, and Light Rail 16#17GT Capital Group Consolidated Financial Highlights 1H 2020 GT GT CAPITAL Consolidated Net Income -62% Php2.74 billion (TMP -77%, MBT -30%, MPI -63%, FLI -58%, AXA +29%) Core Net Income (FV adjustments for MBT, MPI, TMP, and MPI non-recurring expenses) Revenues Php7.2 billion 1H 2019 -55% Php3.17 billion -48% Php7.1 billion 1H 2019 Php52.6 billion Php100.7 billion 1H 2019 Auto Sales (TMP: Php37.5 B) Php 43.3 billion -50% Equity in net income of associates Php 4.2 billion -34% (MBT Php3.4B, MPIC Php0.5B, AXA Php0.4B, TFS Php0.1B) Real Estate Sales and Interest income on Real Estate Sales (RES) Php 3.0 billion -38% 17#18GT Capital Net Income Contribution 1H 2020 AXA TFSPH TMBC SMFC 1.6% 0.6% 0.4% 3.3% TFSPH TMBC AXA 2.1% -1.0% 7.7% SMFC TMP 0.9% 10.2% MPIC 13.8% TMP MPIC 24.2% FLI 4.4% 9.4% FLI 3.4% MBT 51.8% MBT + TMP = 76.0% 1H 2019 MBT 67.6% MBT + TMP 77.7% 1H 2020 GT GT CAPITAL 18#19GT Capital Net Income Contribution by Sector Insurance Infrastructure 13.8% 3.2% Property 4.4% Insurance 7.7% Infrastructure 9.4% Automotive 11.9% Property Automotive 26.8% 3.4% Banking 51.8% 1H 2019 Banking 67.6% GT GT CAPITAL 1H 2020 19#20Metrobank You're in good hands I ST CAPITAL Banking HOLDINGS INCORPORATED#21Loose Monetary and Quantitative Easing 18% RRR cuts to support liquidity 20% 20% 20% 20% Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC9279T ATER Deep policy rate cuts to record-low level 4.50% 18% 4.00% 4.00% 3.50% 14% 12% 4.75% 4.00% 2013 2014 2015 2016 2017 2018 2019 5M20 Supported by low inflation 3.60% 2.60% 2.90% 1.30% 0.70% 5.20% 2.50% 2.50% • • 3.00% 2.25% 2013 2014 2015 2016 2017 2018 2019 5M20 BSP measures to keep liquidity BSP now into QE with Php300-Billion to buy government securities MSME loans can be counted against Reserve Requirements 2013 2014 2015 2016 2017 2018 2019 7M20* *Average inflation from January to July. Inflation for the month of June was 2.7% YoY. | 21#22Loan Growth (In %) Banking Industry Loan Growth vs. GDP Growth 22% 7.1% 6.1% 6.1% 6.9% 6.7% 6.2% 5.9% Metrobank You're in good hands GT GT CAPITAL HOLDINGS INCA729RATED Deposit Growth vs. M3 Growth 8.0% 40% 32% 35% 35% 20% 19% 20% 18% 17% 16% 16% 14% 30% 3.0% -2.0% 16% -7.0% 14% -12.0% 12% -16.5% GDP Growth (In %) Loan Growth (In %) 30% 34% 25% 25% 20% 20% 15% 15% 11% 13% 12% 15% 11% 9% 10% 10% 14% 14% 10% 11% 12% 12% -17.0% 10% 5% 9% 8% 9% 5% 9.6% 8% -22.0% 0% 0% 2013 2014 2015 2016 2017 2018 2019 1H20 -Loan Growth --GDP Growth Loan growth had a strong start this year May be tempered by economic uncertainty *As of 5M 2020 • 2013 2014 2015 2016 2017 2018 2019 1H20/5M20 -Deposit Growth* M3 Growth Deposit and M3 growth sustained in early months Can slow down depending on market liquidity 22 GDP Growth (In %)#23PH Big Three Banks Adequately Capitalized The country's largest banks have substantial capitalization above the minimum set by BSP December 31, 2009 CAR Tier 1 Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC9279R ATER June 30, 2020 ■ CAR CET1 14.3% 14.7% 13.0% 12.2% Min. CAR 10.0% - Min. Tier 1- 6.0% 10.0% 8.3% 20.0% = || 18.7% 16.5% 15.6% 13.8% 12.7% MBT BPI BDO MBT BPI BDO Min. CET1 10.5% Min. CAR 10.0% 23#24Peer Banks Highlights 1H 2020 Pre-Provision Operating Profit (Php Billion) +60.7% +10.1% +31.8% 36.1 35.5 28.5 Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC9279R ATER NPL Ratio (%) 1.95% 1.83% 1.56% BDO BPI MBT MBT BDO BPI Net Interest Margin - NIMs (%) NPL Coverage (%) +101bps +37bps +41bps 4.36% 4.24% +18bps 3.55% +43bps 188% +2.2bps 141% 139% BDO MBT BPI Source: 17-C Report and Investor Presentations of Banks as of 30 June 2020 MBT BPI BDO 24#25Customer Touchpoints Clients enrolled in e-channels (as of Q2 2020) 22% Enrolled +176% mobile app downloads. Q2 2019 vs Q2 2020 4,000,000 approx. client base % E-Channels to Total Financial Transactions Metrobank You're in good hands Waived fees for money transfers via the Metrobank Mobile App is extended until September 30. ATM 31% Q2 2019 69% 21% Q2 2020 79% Instapay Send money to another bank, lower than Php50,000 PESONet Send money to another bank, above Php50,000 Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC 27707 ATER Transfer to Other Bank instaPay PESONet 25#26Metrobank Financial Highlights in Php Billion in Php Billion 50.2 13.7 36.5 Operating Income 1H 2019 13.0 65.7 21.2 44.5 1H 2020 Net Income ATP +31% Net Int. Income +22% Non-Interest Income +55% Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC9229RATER ■ Net Interest Income +22% (68% of Operating Income) NIMs from 3.84% to 4.24% Loan portfolio -5% to Php1.33T vs. Industry +9.7% - Total Deposits +5% to Php1.70T, CASA +20% ■ Non-Interest income +55% - Trading and FX gains 3.6x to Php13.1B Service fees & commissions -16% to Php5.5B ■ Provisions for credit and impairment losses 5x to Php22.8B NPL ratio 1.6% vs. Industry 2.1% -30% 9.1 - 1H 2019 1H 2020 - NPL coverage from 87.0% to 188.0% ■ Increase in OPEX +7% from Php27.8B to Php29.6B Manpower +7% Cost to Income Ratio from 55.7% to 45.0% | 26#27Loan Portfolio Contraction in loan portfolio reflective of slowdown across industries Net Loans (Php Bn) Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC9229T ATER Gross Loan Breakdown By Segment -5% 1,398 1,333 ■Commercial 24% 76% ■Consumer 25% +2% 75% -4% 1H 2019 1H 2020 FY 2019 Loan Portfolio by Industry 1H 2019 1H 2020 Consumer Loan Portfolio Breakdown ■Trade Auto 14% 18% Real Estate ■Manufacturing Home Flat 32% -6% 41% 6% 13% Households' own use Financial 6% 12% ■Transport and Storage 9% ■ Utilities Credit Cards 27% 9% Others +19% Based on BSP Reporting 27#28Asset Quality Metrobank proactively beefed up provisions even as NPL formation remained benign NPLs' amount (Php Bn) Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC 93707 ATER NPL Ratio² better than industry 21.0 1H 2019 19.3 FY 2019 +1% YoY 21.1 Provision and Credit Cost³ Provisions for Credit (Php Bn) MBT ■ UKB 2.09% (May 2020) 1.50%1.60% 1.60% 1.56% 1.30% 1H 2020 1H 2019 FY 2019 NPL Cover 1H 2020 188% Est. Credit Cost (bps) 342 66 68 22.8 103% 87% 10.1 4.6 1H 2019 FY 2019 1H 2020 1H 2019 FY 2019 1H 2020 (1) Non-Performing Loans; (2) Excludes interbank; (3) Estimated credit cost = Annualized Provisions for Credit / Loans & Receivables, net 28#29Branches, Deposits, OPEX, and Efficiency Ratios Consolidated Branches • Slow down on opening of physical branches • Metrobank You're in good hands GT GT CAPITAL HOLDINGS INC 27707 ATER Cost-Income Ratio Revenue growth has consistently outpaced cost growth, leading to improved cost-income ratio 957 957 953 2017 2018 960 2019 1H 2020 56% 1H 2019 55% FY 2019 45% 1H 2020 • CASA Deposits per Branch (Php Bn) Deposits increased as customers prefer to stay liquid Operating Income growth consistently higher than OPEX Operating Income -Operating Expense 1.0 1.1 1.2 1H 2019 FY 2019 1H 2020 17% 15% 13% 11% 11% 10% 31% 9% 7% T T 8% 8% 7% Q1 2019 1H 2019 9M 2019 FY 2019 Q1 2020 1H 2020 29#30GR TOYOTA Supra TOYOTA G CT CAPITAL HOLDINGS INCORPORATED Automotive#31GT Motorization amid low motor vehicle penetration Motor vehicle penetration in ASEAN Vehicles per 1,000 individuals, 2019 Vehicles per 1000 individuals 1,232 700 TOYOTA GT CAPITAL HOLDINGS INCORPORATER Motor vehicle penetration per 1000 individuals versus GDP per capita United States Australia Brunei Malaysia 452 251 165 96 45 Thailand Singapore Indonesia Philippines Source: Organisation Internationale des Constructeurs d'Automobiles (OICA)/International Organization of Motor Vehicle Manufacturers Vietnam 26 46 Road vehicles (per 1000 inhabitants) 600 500 400 300 Malaysia United Kingdom 200 China 100 Indonesia Thailand Singapore Hong Kong Philippines 0 $1,000 $2,000 $5,000 $10,000 $20,000 $50,000 $100,000 GDP per capita 31#32Toyota Recent Developments TMP Monthly Retail Vehicle Sales GT TOYOTA Monthly Inquiries GT CAPITAL HOLDINGS INC9279MATER -44% +38% 12,283 Units %MoM +208% +18% -9% 15,662 8,890 -63% 4,523 -99% 36 +6653% 7,485 8,833 8,044 14,390 2,431 13,640 Jan Feb Mar Apr May Jun Jul Aug May June July % YoY Market Share 3M 2020: -23% YoY 1Q 2020: 36% 6M 2020: -51% YoY 8M: -48% %Online 65% 36% 37% *Others: Phone, 2Q 2020: 46% Aug: 40% %Walk-in 18% 39% 38% Referral, Field Sales Monthly Inquiries (NCR and Outside NCR) Reservations (Daily Average Per Week) 70% 68% 69% 73% 28 100% May June July 30% 32% 31% 27% %Pent-up 56% 21% 16% %New 44% 79% 84% Mar Apr May Jun Jul • ■NCR Outside-NCR Customer engagement continued during ECQ through digital channels 550 • Lack of public transportation created pent up demand for Vios and Wigo 32#33Retail auto unit sales volume As of August 2020 YTD 262,411 In Units 134,617 100,623 TOYOTA GT GT CAPITAL HOLDINGS INC9779MATER 2Q 2020 results: Industry • 52,525 -49% Y-o-Y Toyota -48% • Y-o-Y Lack of access to public transportation created pent up demand for the Vios and Wigo Month-on-month (MoM) momentum after easing quarantine restrictions New reservations (e.g. orders booked after ECQ): 40% in May, 80% in June Digital infrastructure enhanced during middle of lockdown to enable supply of services to customers % of Digital sales: 70% of units in May, 61% in June TMP 2020 Monthly Retail Vehicle Sales 8M 2019 8M 2020 ■Industry Toyota -44% +38% 12,283 8,890 -63% 4,523 -99% +6653% 2,431 +208% 7,485 +18% -9% 8,833 8,044 36 Jan • Taal Volcano eruption • Feb Mar Apr May Jun Jul Aug Restoration of ECQ (NCR • All dealers 20 dealers All 71 dealers • supply • CALABARZON Source: Company data, CAMPI, AVID, TMP dealers closed March 17) closed open May 1 open June 1 All 71 dealers open Metro Manila under MECQ: Opening of nationwide 66 open May 20 • Cebu ECQ June • 16-July 15 dealers Launch of all- new Wigo and Vios All 71 dealers open but lower foot traffic 33#34GT Automotive Sector Updates Overall Market Share 8M 2020 TOYOTA GT CAPITAL HOLDINGS INC9279R ATER 1Q 2020: 36% 2Q 2020: 46% 39% 16% 10% No.1 Passenger Car Sales No.1 Commercial Vehicle Sales No.1 Overall Sales 18 CONSECUTIVE TRIPLE CROWN 8% 7% 6% 5% 4% 3% 1% 0.6% 0.3% 0.2% MITSUBISHI NISSAN HYUNDAI SUZUKI FORD HONDA ISUZU OTHERS KIA MAZDA SUBARU TOYOTA Source: Company data, CAMPI, AVID GM 34#35Automotive Sector Updates Auto Industry Market Share 8M 2020 Passenger Car 48% TOYOTA 13% 12% 11% Commercial Vehicle 1Q 2020: 45% 2Q 2020: 55% 35% 29 29.5% of market 36.0% of Toyota VIOS 9% 4% 2% NISSAN KIA 2% 1% OTHERS MAZDA FORD GM 0.4% 0.1% 0.1% SUBARU TOYOTA HYUNDAI HONDA MITSUBISHI SUZUKI Source: Company data, CAMPI, AVID 18% 13% 8% 6% 6% 6% MITSUBISHI NISSAN FORD ISUZU SUZUKI HYUNDAI 4% TOYOTA GT GT CAPITAL HOLDINGS INCORPORATER 1Q 2020: 33% 2Q 2020: 42% 70.5% of market 64.0% of Toyota 3% 0.6% 0.5%0.4% 0.2% OTHERS HONDA KIA MAZDA SUBARU GM 35#36Comprehensive Auto Resurgence Strategy (CARS) Implementing Rules and Regulations - 23 December 2015 Incentives, Rationale and Regulations P9 billion 40% Fixed Investment Support (FIS) Body Shell Assembly Large Plastic Assemblies Common Parts Shared Testing Facility 60% Model Life Budget Maximum amount of incentive given to each participant In the form of tax incentive certificates 12.5% to 30% maximum 5% Production Volume Incentive (PVI) Dependent on three factors: in excess of 200,000 production volume Size of locally-made high tech parts Volume produced Actual annual • TOYOTA GT GT CAPITAL HOLDINGS INC9279R ATER Manufacturing of model, body shell, large plastic assemblies, common parts, OEM parts, and shared testing facility are covered Php9.0 billion maximum incentive in the form of tax certificates . • • Incentive per unit of 8% of price per unit or Php45,000 per unit 40% given for tooling, equipment and training costs for the initial start-up operation (Fixed Investment Support) 60% given for volume-based incentive (Production Volume Incentive) Only entirely new models or full model. change (FMC) units can qualify Minimum production volume of 200,000 units over six years (33,333 units per year or 2,750 units per month) 36#37CARS Program Updates Comprehensive Automotive Resurgence Strategy Php5.38 B Total Toyota CARS Project Investment Plan as of July 2019 30% before CARS 50% Gov't CARS requirement 348 parts Participating model Php1.3 | billion TOYOTA Aggregate Investments Out-house parts projects BOI-registered auto parts partners 58% m actual Nocalization Confirmed as of July 2017 THE NEW VIOS 91 Toyota suppliers 30 Confirmed direct suppliers for the new Vios 1 Manly Valerie TE B Ogihara Php520.0 PLASTICS, INC. million VALERIE PRODUCTS MANUFACTURING, INC. TECHNOL EIGHT PHILIPPINES CORP. TOYOTA BOSHOKU with technical partners OGIHARA (THAILAND) CO., LTD. Php495.9 million Php94.5 million Php167.2 million G TOYODA GOSEI (THAILAND) CO., LTD Ե GT CAPITAL GT CAPITAL HOLDINGS INCORPORATER 37#38CARS Unit Sales Progress Units sold of Toyota Vios since launch of CARS Program model launched in July 2018 to date (cumulative) June 2019 26,933 Dec 2018 11,336 Sept 2018 March 2019 3,503 Aug 2018 1,658 18,423 Introduction of FMC Vios July 2018 222 TOYOTA GST CAPITAL HOLDINGS INCORPORATED July 2020 June 2020 57,170 58,613 Dec 2019 44,500 S VIOS#39TMP Financial Highlights 76.1 Revenues in Php Billion in Php Billion 37.5 1H 2019 1H 2020 Net Income 4.3 1.0 1H 2019 1H 2020 -50.7% -77.1% GT TOYOTA GT CAPITAL HOLDINGS INC9279RATER ▪ WSV -54.1% to 33,392 units; RSV-51.5% (vs -52.6% Industry) o CKD units -54.0% CBU units -54.2% ■ RSV (YTD): o PCs: Vios -51%, Wigo -53%, О О CVS: Hiace -45%, Innova -55%, Hilux -59%, Rush - 30%, Fortuner -65%, ■ Lower sales volume (Taal & COVID impact) Higher OPEX ◉ ◉ higher rentals: stockyard expansion in Sept 2019 delivery & handling: inter-island vehicle transfer ■ Others: insurance costs, utilities & services, and taxes and licenses 39#40ALL NEW COROLLA CROSS EDROLLA CROSS Php1,285,000 - 1,650,000 15 June 11.1 Mn Views HILLIX 12 Sept; 1.0 Mn Views 20 August; 1.1 Mn Views Php936,000 (Cargo) - 1,830,000 (Conquest) • TOYOTA 2020 Virtual Model Launches on Facebook, Youtube, and the TMP Website WIGO TRD✅ Php568,000-Php700,000 25 July; 1.2 Mn Views Php671,000 1,071,000 - MOS ALL IS POSSIBLE VIOS#41GT Driving Our Automotive Strategy Mobility Initiatives P GT CAPITAL Kinto ONE Leasing Balloon Payment Plus Connected Auto Loan Fleet Management Logistics On-Demand Shuttle Booking App Digital Transformation Virtual Showroom Home Service MyToyota.PH Digital Engagement Virtual Model Launch Value Chain Enhancement (through GTCAD) JBA Philippines O Premium 250-> 41#42GT Capital Automotive Business Updates TOYOTA Pre COVID Initiatives: To maximize profit potential and capture customer flow after the 1st cycle of car ownership 1st Cycle (Toyota's Core Business) Wholesale Retail #1 Market Share 71 dealers Quality, Durability, Reliability After-Sales TOYOTA GENUINE PARTS TOYOTA 127035 EXPRESS SURE MAINTENANCE ADVANTAGE Insurance Financing /Repo Assets Charter AYA Ping An TOYOTA insure FULL-SERVICE COVERAGE Used Car Trade-in & Sale TOYOTA Certified USED VEHICLES 211-POINT INSPECTED GT GT CAPITAL HOLDINGS INC9779T ATER Capture outflow 2nd Cycle EPURCHAS SALES AFTERSALE Digital Infrastructure (Phase 1) Enhanced to enable supply of services to customers • Infrastructure in place prior to lockdown VIRTUAL SHOWROOM THE NEW 360° Phase 2: Upgrade WIGO Virtual Showroom Live Launch AXA Mobile Apps (Phase 1) Insurance Claims AXA ASSIST Info and Quote Grob TOYOTA Metrobank PSBank CR METRO OMX GTCAD New Business • Expands Toyota's customer base. Transparency via digital platforms · Used Car Auction JBA Philippines Boost Demand By promoting safety and customer convenience TOYOTA Welcome Back PROMO MyToyota PH Customer Engagement AUTODEAL The must-have TOYOTA VIBER tool for a worry-free Toyota ownership FOR TOYOTA DRIVERS emma Used Car Inspection & Warranty Premium TOYOTA ARRIVE AT YOUR DESTINATION Exciting to get ahead of the curve TOYOTA UP TOYOTA'S FOR GRAB EXCLUSIVELY FRR PROMO SAVOWLEY TMP New Mobility Division: to bridge 1st and 2nd cycle, and create platforms that generate car 'usership' Leasing KINTO ONE On-Demand Shuttle Booking App SWAT MOBILITY Logistics Load-Carrying Hiace Variant Balloon Payment & Connected Device BALLOON PAYMENT PLUS Fleet Management | 42#43Dealership Update Restarting full operations after ECQ TOYOTA GT GT CAPITAL HOLDINGS INCORPORATED Target by end of year Number of Dealers 2014 2015 2016 2017 2018 2019-20 45 49 52 61% 69 71 LUZON Location NCR Luzon Visayas Mindanao Total 28 Open as of May 1 (GCQ) 0 7 7 6 20 Open as of May 20 (MECQ) 18 28 10 10 66 METRO Open as of June 1 19 28 14 10 71 MANILA 100% 19 Measures in accordance with DOH & WHO: Temperature check of customers and employees Regular disinfection of facility and vehicles Changed showroom and service reception to ensure social distancing Control number of persons inside facility Customers encouraged to set appointments VISAYAS 14 MINDANAO 10 43#44Model Price Model Price Comparable by Category in Million Philippine Peso (PHP) In Million PHP Toyota Camry 1.841 - 2.042 Corolla Altis GT CAPITAL Hyundai Honda Accord TOYOTA Mitsubishi GT CAPITAL HOLDINGS INCORPORATER 2.288 Elantra Civic Price 0.999 - 1.595 0.970 - 1.065 1.115 —- 1.608 Model Vios Accent (Sedan) City Price 0.671 - 1.071 0.790 - 1.038 0.820 - 1.068 0.735 - Mirage G4 0.869 Model Innova Price 1.036 1.694 - Model Fortuner Santa Fe CR-V Price 1.633 - 2.301 - 2.158 2.538 1.668 - 2.138 1.565 Montero Sport - 2.450 - Model Hiace Starex Price 1.101 - 2.998 1.248 - 2.938 Model Wigo Brio (Hatch) Price 0.568 - 0.700 Model Rush BR-V Price 0.968 - 1.100 Source: Company websites; Retail prices as of 21 August 2020 0.598 - 0.735 0.699 - Kona 1.188 1.035 - 1.155 1.008 - 1.255 44 Mirage (Hatch) 0.760 Xpander#45Price Comparable by Category in United States Dollars (USD) Ե GT CAPITAL Model Toyota Camry Hyundai Honda Accord TOYOTA GT CAPITAL HOLDINGS INCORPORATER Mitsubishi Price 36,470 - 40,452 Model Corolla Altis Elantra 45,325 Civic Price Model Price 19,790 - 31,597 19,216 - 21,097 22,088 - 31,854 Vios Accent (Sedan) City 13,290 — 21,216 15,650 - 20,563 16,244 - 21,157 Mirage G4 14,560 - 17,215 Model Innova Price 20,520 - 33,558 Model Fortuner Santa Fe CR-V Montero Sport Price 32,350 - 45,582 42,750 - 50,277 33,043 42,353 31,002 - 48,534 Model Hiace Starex Price 21,810 — 59,390 24,723 - 58,201 Model Wigo Brio (Hatch) Mirage (Hatch) Price 11,250 - 13,867 11,846 - 14,560 13,847 - - 15,055 Model Rush Price 19,180 - 21,791 Kona 23,534 BR-V Xpander 20,503 - 22,880 19,968 - 24,861 Source: Company websites; Retail prices as of 21 August 2020 Converted prices based on average Peso-Dollar rate of Php50/USD1 45#46Toyota Brand Attributes Globally trusted brand QUALITY, DURABILITY, RELIABILITY (QDR) GT CAPITAL TOYOTA GT CAPITAL HOLDINGS INCORPORATER Dealership network offering full range of services Availability of original parts, supplies and service High resale value (up to 50% of original selling price for 5 years old and above) Corporate policy of manufacturing original parts for models discontinued up to 15 years 46#47TOYOTA FINANCIAL SERVICES GT GT CAPITAL HOLDINGS INCORPORATED Delinquency and NPL Delinquency Ratios (>31 days) Updates on Toyota Financial Services Penetration Rate 40% Toyota Auto Lending Rates 80% 20% All values in percent (%) BPI 10.93 BDO 10.93 11 4.50 pay in cash 2.91% Market Share TFS 10.25 of Toyota car buyers choose 10 0-4:00 4.00 4.00 financing 3.75 9.17 9 2.45% 3.51% 1H 2019 ΤΟΥΟΤΑ FINANCIAL SERVICES 60% 22% 20% Other Metrobank 20% You're in good hands PSBank banks 1H 2020 8 ΟΙ ΤΟΥΟΤΑ FINANCIAL SERVICES 7 31% 67% •Banks tightened credit standards, while TFS maintained its usual practices Other 6 banks •TFS is present in all Toyota dealers in PH 3.50 Mar-20 3.25 Jun-20 TFSPH Jul-20 MBT 8.14 3.00 O-2.75 Q 2.75 NPL Ratios (>91 days) 4.53% 2.50 4.03% 4.07% BSP Rate 2.25 2.00 1.36% 1.42% 12/12/19 MBT 1/12/20 2/12/20 3/12/20 4/12/20 5/12/20 TFS 6/12/20 BPI BDO BSP Rate •Despite recent BSP rate cuts, TFSPH did not cut interest rates on its products •TFS maintained its rate at 10.25% for a 60- month (5-year) lease-to-own package 1.32% 1H 2019 FY 2019 Industry 1H 2020 TFSPH ⚫TFSPH has consistently outperformed the industry in asset quality (see NPL Ratio) Elevated Delinquency Ratios were expected due to economic situation 47#48Joint Venture with Premium Group Warranty GTCAD GT CAPITAL AUTO DEALERSHIP HOLDINGS, INC. GT GT CAPITAL HOLDINGS INCORPORATED GT GT CAPITAL HOLDINGS INCORPORATED 100% MITSUI & CO. Premium GTCAD GT CAPITAL AUTO DEALERSHIP HOLDINGS, INC. 66.6% 33.3% GTMobility Ventures 70% Premium Philippines Rationale ✓ Provide inspection and warranty service to the used car sector ✓ Underpenetrated sector; no significant Philippine competitors ✓ Number 1 warranty co in Japan ✓ First-mover advantage ✓ Continues auto value-chain expansion 30% Company Investment Investment Stake GT Capital/GTCAD Php32.7 M 46.7% Premium Group Php21.0 M 30.0% Mitsui & Co. Php16.3 M 23.4% Total Investment Php70 M 100% 48#49GGT CAPITAL HOLDINGS INCORPORATED FEDERAL LAND GT Capital Holdings Property Development#50Digital Sales Process and Activities Highlights Cumulative Reservation Sales (Php Mn) 7,927 6,081 2,394 Jan Feb Mar 8,169 8,449 +647 M 9,096 FEDERAL LAND ST Capital Holdings GT GT CAPITAL HOLDINGS INC0729R ATER Digital Platform Engagement March to June f❤o 1,254,709 151,510 Audience views +242 M +280 M Customer Engagement 16,558 1,822 (clicks, likes, and comments) Apr May Jun Jim B 1H2020: 3% YoY 1Q2020: 86% YoY Monthly Project Inquiries Traditional Marketing 1,569 1,510 1,604 Jan Feb March to June Inquiries 964 825 524 23% 3,917 Mar Apr May Jun *Facebook/Instagram message, comments, emails, direct contact, web contact form 77% 13,436 Traditional Digital* 87% Social Media 13% Websites 50#5128 Projects Approved for Resumption Construction Update As of September 2020 HLURB, LGU, DPWH, Local Associations 23 Residential Projects FEDERAL LAND S1 Capital Holdings GT GT CAPITAL HOLDINGS INC0270 ATER Contractors Average Manpower 23 Federal Land Projects 9,293 PBW-Misibis PBW-Siargao PBW-Coron PBW-Baler Mi-Casa-Hawaii PGMH-Mango PGMH-Mimosa Siena-T1 + T2 SSR-T2 SSR-T3 TGMO-T1 and T2 LIVE Met Live Deck Quantum T1, T2 and T3 5 Commercial Projects 21111 iMet T2, T3, and T4 BBW Roadside Pre-ECQ -61% 3,634 GCQ POC Challenges: • Limited mobility Manpower constrained by Covid • Low productivity due to compliance with health protocols 51#52Federal Land Financial Highlights in Php Million in Php Billion 6.08 1H 2019 404 1H 2019 Revenues 4.24 1H 2020 Net Income 171 1H 2020 -30% -58% FEDERAL LAND ST Capital Holdings GT GT CAPITAL HOLDINGS INC0729R ATER ■ Reservation sales +3% from Php8.9B to Php9.1B (TSR Natsu & Haru, The Estate, GHR2, Quantum Amethyst) ■ Real estate sales -38% from Php4.8B to Php3.0B due to ECQ ■ Rent +15% from Php0.6B to Php0.7B due to new sign-ins (2,625 sqm) vs backouts/pre-termination ◉ Equity in net losses of associates and JV +32% from Php49M to Php64M due to halted construction of JV projects ■ GP margin improved from 40% to 48% due to revenue recognition of high margin projects ■ OPEX -9% from Php1.4B to Php1.2B due to lower commissions, repairs, and external services ■ Interest Expense +1% from Php0.738B to Php0.747B due to new bank loans (Php4.1B) 52#53FEDERAL LAND GT Capital Holdings KEEPING YOU IN MIND Project Launches in 2019 Number of units are all estimates and subject to change The Estate AYALA AVENUE Mi Casa Tower 1 BAY AREA, PASAY February 188 units, Php18.9B (JV 50%) Quantum Residences Tower 2 (Amethyst) TAFT AVENUE March 158 units, Php3.9B Marco Polo Residences Tower 5 CEBU GT CAPITAL GT CAPITAL HOLDINGS INCORPORATES August 1,304 units, Php4.6B September 350 units, Php2.7B The Seasons Residences The Grand Midori Natsu Tower ORTIGAS BGC November November 313 units, Php8.2B 810 units 53#54Exchange of Pro-Friends Shares for Land Agreement signed on 10 May 2019 GT GT CAPITAL GT GT CAPITAL HOLDINGS INCORPORATED HOLDINGS INCORPORATED Redemption of 64,530,712 Series A Preferred Shares in PCFI (51% of PCFI) 702 hectares of selected assets PRO FRIENDS PROPERTY COMPANY OF FRIENDS, INC. Approximately Php20 Billion Location Area (in has.) Lancaster 592.28 Bellefort 88.50 Carmona 20.29 Shaw, Mandaluyong 0.46 Santolan, Quezon City 0.91 Total 702.44 54#55Exchange of Pro-Friends Shares Investment History GT PRO-FRIENDS GT CAPITAL GT Capital Holdings, Inc. and Property Compy of gni f Substig GT Capital invested Php16.0 billion for a 51.0% direct equity stake in Pro-Friends Tranche 1: August 2015, Php7.24B for 22.68% • Tranche 2: June 2016, Php8.76B for 28.3% Investment rationale: attain foothold in horizontal, affordable, low-cost housing sector Redemption Rationale • GT GT CAPITAL HOLDINGS INCORPORATED The selected 702 hectares are best suited for master-planned, mixed-use developments Use for affordable homes no longer optimal and best use of land bank . • Land values no longer suitable for affordable housing Spin-off inevitable Partners to focus on areas of expertise Right Timing 。 Key developments and ongoing infra projects within the area are expected to translate to higher land prices in the medium-term 。 IT-BPM labor workforce outside Metro Manila projected to grow 10% annually Cavite expected to have the second highest office supply pipeline in the medium term Capital Requirements: • Capex for commercial and retail significantly higher vs. affordable housing . GT Capital to focus resources on mixed-use dev'ts 55#56TARGET COMPLETION DATES: CAVITEX - 2021 CAVITEX C-5 South Link - 2021 CALAX - 2022 METRO 2 PACIFIC INVESTMENTS Ongoing METRO 1 PACIFIC infrastructure projects may translate to higher land prices in the medium-term Mt Palay Palay National Park INVESTMENTS ndon Naic GoogleMagallanes METRO PACIFIC INVESTMENTS NAIA Expressway Manila San Juan 6 NLEX-SLEX Connector Road Entertainment City Makati Pasay METRO Taytay Skyway Extension Angono METRO Tag 4 PACIFIC INVESTMENTS CAVITEX C-5 Bina South Link PACIFICarañaque INVESTMENTS Cavitex VILY Bacoor Bay 3 LRT-1 Extension Kaw Alabang Bacoor City Muntinlupa Daang-Hari IS MCX Bellefort Estates;ity of SLEX CALAX Municipality of Rosario Tanza EPZA CALAX Exit 1 BACOOR CAVITE San Pedro LRT-6 Lancaster CALAX Dasm 5 City METRO PACIFIC INVESTMENTS New City CAVITE Exit 2 EPZA Aveia Federal Land/ Alveo Binan Santa Ro CitMETRO PACIFIC INVESTMENTS CTBEX Silang Indang Bailen sway#57Rising property values from infra & other property developments Sale to McDonald's Php64.0 million 2,027 sq. m Php31,579/sq. m February 2019 Sale to Toyota Manila Bay Group to build Toyota Imus dealership Php223.8 million 13,429 sq. m @ Php16,667/sq. m June 2018 Sale to MetroPac Movers, Inc. Php1.1 billion 202,110 sq. m Php5,628/sq. m July 2018 Ground breaking: April 3. Target opening: 4Q21 ay WWW MEGAWORLD NAIA Expressway Manila Ermita San Juan MNLEX-SLEX Connector Road +Bain Makati Taytay Pateras Pasay Skyway Extension Angono Entertainment City, Bay San Antonio CAVITEX Bacoor Bay Taguig Parañaque Bina WWW MEGAWORLD CAVITEX C-5 AyalaLand LRT-1 Extensions ALABANG WEST South Link Kawit M EVO CITY FILINVEST Alabang City Muntinlupa EPZA IS 788 ENCLAVE &LABANG Daang-Hari Estates City of MCX BACOOR CAVITE San Pedro SLEX Mt Palay Palay National Park Maragondon WWW MEGAWORLD SUNTRUST ECOTOWN TANZA Bellefort MAPLE GROVE CALAX CALAX Exit 1 LRT-6 Da Lancaster AyalaLand New City CAVITE CALAX Exit 2 VERMOSA ista City Binan Santa Ros City VISTA LAND EPZA South Camella Indang Bailen AyalaLand Amaia Scapes ng AVEIA Federal Land/ Alveo CTBEX xpresswa General Trias GoogleMagallanes#58GT GT CAPITAL HOLDINGS INCORPORATED Valuation Methodology 702 hectares of Selected Assets appraised by Cuervo Appraisers Reyes Tacandong issued fairness opinion on Enterprise Value of PCFI using various methodologies Values converge at Php20 Billion for 51% CALABARZON and Cavite Demographics 21% CALABARZON Source of OFWs Highest in the Philippines 5 $2,058 GDP per capita 2nd largest contributor to GDP only Metro Manila larger CAVITE 00000 15 accredited PEZA zones 2nd highest no. in PH 37.2% Contribution to manufacturing GDP 35 economic/industrial estates 58#59Return on GT Capital's Investment Return on Investment GT GT CAPITAL HOLDINGS INCORPORATED Initial Investment Php16.0 Billion versus Approximate Value of Php20.0 "Selected Assets" Billion GT Capital Net Income Contribution from PRO-FRIENDS CAGR +18% Return on investment + Dividends from PRO- Php1.3 of 31% FRIENDS Billion Total Return IN PERCENTAGE Php21.3 Billion 31% 59#60AXE GGT CAPITAL HOLDINGS INCORPORATED AXA Life and General Insurance#61GT AXA Philippines Financial Highlights Gross Premium Life AXA ■ New Business -31% to Php2.4B due to ECQ GT CAPITAL HOLDINGS INCORPORATED in Php Million in Php Billion 15.0 16.7 +11% 12.2 14.1 AXA +16% CPAIC -9% 2.8 2.5 Regular Premium (RP) -41% Protection & Health +1% Traditional -69% 69% New Business Mix 17% 25% 3% 3% 48% Unit-linked (UL)-52% 23% 11% 1H 2019 1H 2020 1H 2019 1H 2020 Net Income +29% 1,229 1,593 AXA -23% 1,200 1,565 309 CPAIC +179% (391) 1H 2019 1H 2020 Single Premium UL (SP-UL)+48% Premium margins +2% to Php4.2B due to growth in SP-UL and P&H ■ AUM-Linked Php99B -5%; Asset management fees Php0.9B -7% ■ Unrealized gain on equities Php294 M loss Non-life ■ GWP -32% to Php1.9B due to ECQ ■ Net income Php309M vs. net loss Php391M due to: 。 Lower net losses during ECQ Php571M, lower Rl cost Php129M, income tax benefit Php123M, lower opex Php 70M | 61#62METRO PACIFIC INVESTMENTS GGT CAPITAL HOLDINGS INCORPORATED Infrastructure and Utilities#63Monthly Volume Dashboard Average Daily Traffic (thousands) North Luzon Expressway 2019 -2020 294 298 155 47 99 268 210 Energy Sales (GWh) METRO PACIFIC INVESTMENTS GT GT CAPITAL HOLDINGS INC9229R ATER -2019 -2020 Meralco 3,625 3,803 3,451 3,330 2,977 3,953 Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 439 Jul Aug Sep Oct Global Business Power Nov Dec 417 393 381 Subic-Clark-Tarlac Expressway 420 386 76 73 37 40 19 33 ,, Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Light Rail Manila Daily Riders (thousands) -2019 -2020 -2019 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Maynilad Billed Volume (MCM) +2020 45 45 47 Cavite Expressway 46 43 45 45 444 436 358 194 195 105 78 92 26 45 134 109 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 63#64Metro Pacific Financial Highlights Share in Operating Net Income (Core) in Php Billion in Php Billion 11.2 0.2 0.4 2.3 7.7 2.4 1.8 0.9 6.1 5.2 (0.0) (81) (0.1) 1H 2020 (0.2) 1H 2019 Core Net Income 8.7 -31% Rail Hospitals Water Toll Power Logistics -38% 5.3 ■ Power METRO PACIFIC INVESTMENTS GT GT CAPITAL HOLDINGS INC92793 ATER 。 Meralco Core NI -14% Php10.6B - 。 GBPC - Core NI -9% Php1.1B ■ Toll Roads - Core NI -62% Php0.9B ■ Water - Core NI -22% Php3.6B ■ Rail - Php175M net loss Logistics - Php146M net loss. ■ GT Capital's share in NI -38% from Php1.3B to Php0.8B due to lower financial performance of MPIC components and full impairment of Pacific Light 1H 2019 1H 2020 | 64#65G CT CAPITAL HOLDINGS INCORPORATED . Uncharted territory Strong balance sheet, solid global partners • Support for employees: preservation of capabilities • · Diversification of sectors • Strong core businesses • Accelerating our digital transformation Our Key Messages 65#66ALEXLS ORIX Thank You! 应 PSGun GT CAPITAL MITSUTECO MITSUKOSHI Partners for Good AYA METRO PACIFIC INVESTMENTA G CT CAPITAL HOLDINGS INCORPORATED For more information, Visit gtcapital.com.ph/investor-relations or contact [email protected]