#1SHI SM PRIME Investor Kit 2023 This presentation is available online through www.smprime.com#2Disclaimer This presentation does not constitute a prospectus or other offering memorandum in whole or in part. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company. There shall be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to any qualification under the securities laws of such state or jurisdiction. This presentation has not been and will not be reviewed or approved by any statutory or regulatory authority or any stock exchange in the Philippines or elsewhere. Prospective investors should undertake their own assessment with regard to their investment and they should obtain independent advice on any such investment's suitability, inherent risks and merits and any tax, legal and accounting implications which it may have for them. 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Neither the Company nor its advisor, nor any of their respective affiliates, shareholders, directors, employees, agents or advisers makes any expressed or implied representations or warranties as to the accuracy and completeness of the information contained herein or any other information (whether communicated in written or oral form) and each of the foregoing parties expressly disclaims any and all responsibility and liability of any kind (including any contractual, non-contractual, or third party liability) for any loss or damage, whether or not arising from any error or omission in compiling such information or as a result of any party's reliance or use of such information. The information in this presentation has not been independently verified. The information and opinions in this presentation are subject to change without notice, and no obligation is assumed by the Company nor its advisor, nor any of their respective affiliates, shareholders, directors, employees, agents or advisers to provide the recipient(s) with access to any additional information or to update this presentation or to correct any inaccuracies in it which may become apparent. SHI#3Outline 1. Company Profile II. 1H2023 Financial Highlights III. Sustainability • • Sustainability Council SM Prime's Path to Sustainable Development • Four Sustainability Pillars . Sustainability in Our Business Units IV. The Company V. Key Strategies Key Strategies Landbank CAPEX Program VI. Financial Highlights . Key Business Units • At A Glance • Malls Residences • Offices • Hotels & Convention Centers#4• Company Profile One of the leading integrated property developers in Southeast Asia One of the largest listed real estate developers on the PSE by market capitalization and net income Consistently cited for excellence in corporate governance, property development, environmental consciousness, and investor relations programs SHI Kil Market Capitalization US$17.73bn PSE Stock Symbol Market Capitalization (August 04, 2023) PHP982bn Outstanding Shares 28,879mn Last Traded Price (August 04, 2023) 30-Day Average Volume SMPH Php34.00/share 10.99mn#51H 2023 Financial Highlights • Consolidated net income went up by 38% to PHP19.44 billion in 1H2023 from PHP14.11 billion in 1H2022. Consolidated revenues reached PHP59.85 billion, 29% increase from PHP46.34 billion in the same period being reviewed. Revenue Contribution: Malls Business accounts for 58%, Residential Business accounts for 32%, Other Business Segments account for 10%. • • Philippine Malls revenues reported 53% growth to PHP31.52 billion in 1H2023 from PHP20.59 billion in 1H2022. • China Malls' revenues reached RMB398 million in 1H2023, 3% higher than RMB385 million in 1H2022. • • Primary residential business, led by SM Development Corporation (SMDC), reported PHP17.56 billion revenues, 5% higher than last year's PHP16.80 billion SMDC's reservation sales recorded PHP68.51 billion, 15% higher than PHP59.42 billion in the first half of last year. SM Prime's other business segments, which include offices, hotels, and convention centers, registered PHP6.23 billion revenues, 40% higher than last year's PHP4.45 billion. SHI#6Sustainability TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES 1x SHI FTSE4Good#7Sustainability Council STEERING COMMITTEE CHAIRMAN Mr. Jeffrey C. Lim ADVISORY GROUP Head office divisions that provide recommendations on the Steering Committee based on their expertise SUSTAINABILITY SECRETARIAT The department that coordinates with the members of the Advisory Group and business unit heads TECHNICAL WORKING GROUP Members of the business units that serve as data collectors and analysts#8Net-Zero Ambition Action Plan Before 2021 B Significantly reduced water use and waste 2021 2022 2023 2024 2030 2035 B Established solar-powered malls and began energy-efficiency programs Played a pivotal role in establishing and growing ARISE-Philippines, the local network of ARISE Global, the Private Sector Alliance for Disaster Resilient Societies Joined the ranks of over 2,500 companies globally in affirming our commitment to the Task Force on Climate-related Financial Disclosures (TCFD) goals and taking a major commitment towards decarbonization with our 50% renewable energy sourcing Adopted the Corporates for a Better Planet Initiative (CBPI), WWF-Philippines' flagship program. CBPI provides SM Prime with an actionable framework to operate sustainably and employ a robust reporting framework to address climate change Aligned with the SM Group of Companies' climate position statement, putting equal importance on climate mitigation and adaptation Publish the SM Prime Group-wide Sustainability Policy Complete the CBPI Measure Phase, resulting in the development of SM Prime's near-term science- based target, a verification of existing GHG inventory and methodologies, a regional and local industry scan of companies in the real estate industry, a climate scenario analysis which includes carbon pricing and geospatial analysis, and a summary of recommendations for the Company Begin the CBPI Manage Phase, providing solutions to achieve the science-based target outlined in the Measure phase. This phase will be highly bespoke and tailored to align with SM Prime's short-, medium-, and long-term strategies and capital flows. Managing these key solutions entails a robust network of both projects and solution providers, which is the purview of CBPI Achieve CBPI Maintain Phase, ensuring all targets and data are assessed regularly, considering any new factors or strategic directions that may have occurred within the year. CBPI is a continuously evolving and optimized process, and this phase ascertains that any projects or solutions undertaken in the Manage phase are on track to reach the targets set in the Measure phase Achieve near-term science-based target Achieve long-term science-based target 2040 Achieve Net Zero. 2050 - Global commitment to achieve net zero#9Sustainability Framework In 2020, our Board established a Sustainability Council with the understanding that the country's economic growth and our business growth has increased our exposure and vulnerability to global warming, global supply chain disruptions, and socio-economic forces that may undermine our prospects. Today, SM Prime continues to augment local economic growth and reinforce commercial activity with our vast range of properties that enrich Filipino life. As we expand, we seek to create thriving communities, reduce our environmental footprint, and inspire sustainable economic growth that extends prosperity for those in the margins. A successful sustainability framework requires a strong foundation. To ensure that fortified principles guide our framework, SM Prime follows four core pillars of sustainability. We have aligned our sustainability pillars with the principles governing the United Nations Sustainable Development Goals, the Task Force on Climate-related Financial Disclosures (TCFD), and the 2015-2030 Sendai Framework for Disaster Reduction. economy B= community SHI people environment#10SM Prime's Value Creation Our Inputs Our Business Activities Our Outputs ос Our Outcomes Financial FY 2022 CAPEX PHP 75.4B Total Equity PHP 363.2B Retail Bond Offering PHP 30B Employees Customers Investors and Stakeholders Manufactured Sustainable and Resilient Designs Properties in Strategic Locations Nationwide Intellectual Innovation, Digitalization, and Technology Natural Energy Efficiency and Reduction Renewable Energy Sourcing Carbon Emissions Reduction Water Conservation, Recycling and Management Waste Management Suppliers and Contractors Holding Company Malls Residences Strategic Growth Land Acquisition and Optimization Sustainable and Resilient Communities SHI Integrity Prudential Financial Management Customer- centric Innovation and Good Governance Hotels and Convention Centers Human SM LIFE Talent Management Experience Commercial Properties Recruit Right Perform Right Develop Right Reward Right Engage Right Government Regulators Media Partners Communities Financial PHP 874.2B in Total Assets PHP 105.8B in Total Revenues PHP 49.2B in Total Operating Income Manufactured 89 Malls 18 Office Buildings 84 Residential Condominiums 9 Hotels 6 Convention Centers and Trade Halls 6 LEED Gold Certified Buildings Intellectual In-house Development and Design of SM Malls Online and SM StartUp Package 75 SM Malls certified with Business Continuity Management Systems (ISO:22301) Natural At least 50% Renewable Energy Sourced 24 hectares of Protected Mangroves Three Marine Protected Areas Financial Business Viability Ensuring Future Investments Funds for New Projects and Business Expansion Manufactured Safe and Sustainable Properties Providing Employment, Creating Customer Satisfaction and Promoting Green Practices Urbanization and Increased Economic Activity in the Countryside Intellectual . Efficient and Innovative Policies and Systems Supporting Business Continuity Universally-designed Properties that are Pioneering, Accessible, Resource- efficient and Profitable Natural Reduced Carbon Footprint and Cost-savings Safe Communities Around our Properties Marine Diversity Conservation and Management Human 56% of Women in SM Prime's Workforce, 48% in Senior Management 28.4 Average Training Hours per Employee Human . Accelerated Employee Growth Assuring Business Continuity Nurtured and Happy Employees Social & Relationship . SM Cares Advocacies and Partnerships Corporate Social Responsibility Programs * Data as of FY2022 Strategic Priorities Business Segments Primary Stakeholders Improved Employee Quality of Life, Health and Safety 5 Social & Relationship PHP 33.8M for Private and Public Partnerships 68% of Mall Tenants are MSMEs Social & Relationship Livelihood Preservation Strong Multi-sector Relationships 8 00 13 ABO MEMO#11Key Business Unit SM PRIME Malls · . SM Supermalls SM Lifestyle, Inc. Family Entertainment Center, Inc. Residences . SM Development Corporation and Subsidiaries Highlands Prime, Inc. Costa Del Hamilo, Inc. Offices Office and Warehouses Mall of Asia Complex Seaside City Cebu Complex Hotels & Convention Centers Radisson Blu Taal Vista Pico Sands Park Inn • Conrad Manila • SMX Convention Centers SHI#12At a Glance • Malls 1H2023 Operating Highlights Total Revenues is PHP34.61 billion, 46% higher than PHP23.67 billion Operating Income is PHP18.63 billion, grew by 52% from PHP12.27 billion Total Investment Properties of PHP333.14 billion Residences 1H2023 Operating Highlights • • • Total Revenues is PHP19.02 billion, 4% higher than last year's PHP18.23 billion Operating Income is PHP7.70 billion, up by 7% from last year's PHP7.20 billion Total Assets amounted to PHP329.81 billion Offices 1H2023 Operating Highlights Total Revenues is PHP3.25 billion, 17% increase from last year's PHP2.77 billion Operating Income is PHP2.17 billion, up by 7% from PHP2.03 billion Total Investment Properties amounted to PHP88.10 billion • . Hotels & Convention Centers 1H2023 Operating Highlights Total Revenues is at PHP2.98 billion, 78% higher than PHP1.68 billion Operating Income improved by 486% to PHP0.74 billion from PHP0.13 billion Total Investment Properties of PHP13.90 billion SHI#13At a Glance . • Lifestyle Cities in Metro Manila SM Prime has ten (11) integrated property developments in Metro Manila dubbed as Lifestyle Cities. SM Prime's first lifestyle city is the Mall of Asia Complex in Pasay City, which spans 60 hectares of developable area Novaliches, Quezon City Mall Residential Fairview, Quezon City Mall Offices Caloocan (North) Valenzuela Quezon City Navotas Malabon Caloocan North EDSA, Quezon City Mall Residential Office Hotel Sta. Mesa, Quezon City Mall Residential EDSA, Mandaluyong City Mall Residential Office Convention Center Marikina Manila Manila San Juan Mandaluyong Pasay Mall Residential Offices Hotel Convention Center Arena Pastg Makati Makati Pasay Pateros Taguig Taguig Taguig City Mall Residential Offices Convention Center Los Pin Las Piñas Parañaque Parañaque SHI Muntinlupd Muntinlupa Sucat, Parañaque City Mall Residential Bicutan, Parañaque City Mall Residential BF, Parañaque City Mall Residential Las Piñas City Mall Residential Offices#14At a Glance • • Lifestyle Cities in the Provinces SM Prime has eleven (11) integrated property developments in key provincial cities in the Philippines. SM Prime plans to expand its portfolio to other developing cities in the country with its key businesses - mall, residential, offices, hotels and convention centers. Olongapo, Zambales Mall Convention Center Clark, Pampanga Mall Offices Hotel Convention Center Marilao, Bulacan Mall Residential Zambales Bulacan Rizal Pampange Taytay, Rizal Mall Residential Office Cavite Laguna Trece Martires, Cavite Sta. Rosa, Laguna Mall Residential Mall Residential Office Iloilo City, Iloilo Mall Residential Offices Hotel Bacolod City, Negros Occ. Mall Residential Hotel Convention Center Iloilo Bacolod Seaside City, Cebu Mall Convention Center Arena (soon) Cebu Cagayan de Oro, Misamis Oriental Mall Residential Office SHI Cagayan de Oro Davao City, Davao Mall Residential Hotel Convention Center Davao#15SEASIDE CITY SHI Malls (As of 1H2023) Revenue PHP34.61bn Operating Income PHP18.63bn Gross Floor Area 10.5M sqm Malls 83 in PH and 7 in CH#16Key Business Units Malls PHILIPPINES 83 Malls 9.1M sqm Total GFA 19,919 Tenants CHINA 7 Malls 1.4M sqm Total GFA 1,952 Tenants 0.3M Average Daily Pedestrian Count Average Daily 3.4M Pedestrian Count 2 384 Cinema Screens 88,053 Car Park Slots 63 Cinema Screens 16,264 Car Park Slots SM Prime is the largest mall operator/developer in the Philippines. SHI#17Philippine Population: 111M GDP: PHP22 Trillion* Key Business Units. • Philippine Malls In terms of GFA, Metro Manila malls account for 42%, Luzon (ex NCR) is 38%, Visayas is 12% and Mindanao is 8% Average mall contracts is 93% in terms of lease awarded. Accounts for 50% of mall space in the country SMPH mall expansion is geared towards the provinces. The focus is to cover most of Northern Luzon, Visayas and the progressive cities in Mindanao. NCR: 24 Malls GFA: 3.8M sqm GDP: PHP7 Trillion* SHI *Source: Philippine Statistics Authority (As of April 2023 / GRDP at Current Prices) LUZON: 45 malls GFA: 3.4M sqm GDP: PHP8 Trillion* VISAYAS: 7 Malls GFA: 1.1M sqm GDP: PHP3 Trillion* MINDANAO 7 Malls GFA: 0.7M sqm GDP: PHP4 Trillion*#18Key Business Units China Mall . Operating in China since 2001 and became part of SM Prime in 2007 Operates 7 malls with a total GFA of 1.4m sqm: • SM City Xiamen . • • SM City Jinjiang SM City Chengdu SM City Suzhou SM City Chongqing SM City Zibo SM City Tianjin SHI SH SM City Xiamen CITY PAS 淄處適用 會員 SM City Tianjin SM City Zibo#19Key Business Units. Malls' Expansion Program • • • 2023 New Malls Name 2023 Malls Expansion GFA (sqm) Name SM GFA (sqm) CITY CITY SM City Bataan 46,000 (Opened May 2023) SM City Baliwag 5,000 SM Center San Pedro 23,000 SM City Bacolod 6,000 SM City Sto. Tomas 58,000 SM City Iloilo 2,000 This 2023, SM Prime targets to launch three new malls and expands existing malls. These will add around 140,000 sqm of gross floor area in the Company's mall portfolio. Available landbank of almost 349 hectares which is good for over the next 5 to 7 years. SHI#20SHI Residences (As of 1H2023) Revenue PHP19.02bn Operating Income PHP7.70bn Reservation Sales PHP68.51bn Residential Units Launched (since 2013) PHP699bn 179,623 units#21Key Business Units Primary Residences • A leading residential developer of high-rise buildings (HRBs), mid-rise buildings (MRBs) and single-detached house and lots Accounts for 29% of the consolidated revenues In 1H2023, 53% of buyers are Overseas Filipinos, 32% are Local Filipinos and 15% are Foreign Buyers. SHI Jade Residences, Makati City Now Residences, Pampanga Zeal Residences, Cavite#22Key Business Units Primary Residences Projects Overview (as of 1H2023) Ready-for-Occupancy (RFO) (Unsold Units) 4,557 Ongoing Construction (Unsold Units) 15,390 Estimated Inventory Value PHP135.28bn 1H2023 Reservation Sales (Value) PHP68.51bn 1H2023 CAPEX PHP8.04bn Landbank (hectares) Metro Manila 351 Outside Metro Manila 1,072 SHI Gold Residences, Paranaque City#23Key Business Units. Primary Residences in Metro Manila • • As of June 2023, SMDC has forty-seven (47) residential developments in Metro Manila Majority of SMDC's residential developments in Metro Manila are High-Rise Buildings (HRB) In June 2023, SM Prime launched Jade Residences in Makati City Unbooked Revenue amounts to PHP217.98bn SHI Existing Sites Valenzuela Navotas Malabon Caloocan Caloocan (North) Quezon City (13 Projects) Marikina Manila (2 Projects) Pasay (10 Projects) San Juan Mandaluyong (3 Projects) Makati (6 Projects) Taguig Pasig (2 Projects) Pateros (1 Project) Parañaque (6 Projects) Untapped Area Las Piñas (3 Projects) Muntinlupa (1 Project)#24Key Business Units. . Primary Residences in Provinces As of June 2023, SMDC has eighteen (18) residential developments in key provincial cities 89% of these are mid-rise buildings (MRB), while 11% are house & lot (H&L) developments. These projects are alongside or near our SM Supermalls and transportation terminals. SHI Pampanga Pampanga Mabalacat (2 H&L) Angeles (1) Bulacan Marilao (1) Baliuag (1) Rizal Cainta (1) Bulacan Rizal Cavite Dasmarinas (1) Trece Martires (1) Tagaytay (2) Gen. Trias (1) Cavite Laguna Iloilo Bacolod Cagayan de Oro Laguna Sta. Rosa (2) Iloilo Iloilo City (1) Jaro (1) Bacolod Bacolod City (1) Cagayan de Oro Uptown (1) Davao Davao City (1) Davao#25. Key Business Units • Leisure Homes • Include 2 large-scale tourism projects – Tagaytay Highlands and Pico de Loro Tagaytay Highlands is an exclusive mountain resort, golf club and residential complex, covering some areas of Cavite, Laguna and Batangas The 40-hectare Pico de Loro is the Phase 1 of Hamilo Coast project, a premier and sustainable leisure destination in Nasugbu, Batangas Landbank of 510 hectares In 1H2023, SM Prime launches Trealva in Tagaytay Highlands and Ardea in Pico de Loro Cove. Trealva at Tagaytay Highlands Woodlands Point Community at Tagaytay Highlands SHI Freia at Pico de Loro Cove#26HOME The good SHI Offices (As of 1H2023) Revenue 3.25bn Operating Income PHP2.17bn Gross Floor Area 1.5M sqm Office Buildings 18#27Key Business Units Offices Have 18 office buildings with a combined GFA of almost 1.5m sqm Five of these 18 offices are located in the Mall of Asia Complex in Pasay City, with a combined GFA of almost 657,000 sqm. Have an available landbank of 97 hectares for future development SHI ThreeE-Com Center FourE-Com Center Five E-Com Center#28A SHI Hotels & Convention Centers (As of 1H2023) Revenue PHP2.98bn Operating Income PHPO.74bn Hotels 9 Convention Centers 8 CV SO CONRAD#29. Key Business Units. Hotels & Convention Centers Operating 9 hotels with over 2,200 rooms; 6 Convention Centers, and 2 Trade Halls with almost 42,000 sqm of leasable space as of June 2023. Conrad Manila and SMX Manila are both located in Mall of Asia Complex, Pasay City. SM Prime is scheduled to open Lanson Place in Mall of Asia Complex this 2023. Conrad Manila SHI Radisson Blu Cebu SMX Clark#30SHI Key Strategies 56 (As of 1H2023) Landbank 2,379ha 1H2023 CAPEX PHP44bn Net Debt to Equity 47:53#31Landbank • • SM Prime's extensive landbank is good for the next 5 to 7 years, and mostly located in emerging progressive cities across the country Leisure projects are for medium-term development Area by Region (in hectares) Area No. of (in % of Metro Sites hectares) Total Manila Provincial 61 349 15% 24 325 Malls Primary 94 1.423 60% 351 1,072 Residences Leisure 88 888 5 510 21% Homes SHI 510 Commercial 21 97 4% 16 81 Total 181 2,379 100% 391 1,998#32CAPEX Program . • SM Prime has set PHP80 billion as CAPEX for 2023. This will be used in various property developments as well as strategic landbanking activities Furthermore, the Company will continue to explore opportunistic acquisitions and/or investments. The CAPEX program was funded by the combination of local borrowings, internal funds as well as other funding options are also on the table. PHP58B PHP91B PHP69B PHP60B PHP65B PHP75B PHP44B 100% 8% 6% 8% 90% 17% 14% 18% 29% 80% 70% 51% 42% 52% 62% 41% 18% 60% 47% 50% 40% 30% 53% 20% 41% 42% 44% 40% 35% 32% 10% 0% 2017A 2018A SHI 2019A 2020A 2021A 2022A 1H23 ■Malls ■Residences Others#33Maintain Conservative Balance Sheet Interest Coverage Ratio* Net Debt to Equity** 8.00 7.59 7.56 100% 7.00 6.00 5.00 4.57 4.00 3.00 2.00 1.00 اسال 6.73 90% 80% 40% 40% 44% 45% 46% 47% 5.33 4.61 70% 60% 50% 40% 30% 60% 60% 56% 55% 54% 53% 20% 10% 0.00 2018 2019 2020 2021 2022 1H23 0% 2018 2019 2020 Net Debt 2021 Equity 2022 1H23 *Earnings before interest, income taxes, depreciation and amortization (EBITDA) Interest expense SHI **Total interest-bearing liabilities- cash & cash equivalents Total equity attributable to equity holders of the parent#34SHI Financial Highlights (As of 1H2023) Consolidated Net Income PHP19.44bn Consolidated Revenue PHP59.85bn Consolidated Operating Income PHP28.95bn EBITDA PHP35.22bn#35Consolidated Financials Revenue Segment Contribution . Malls Business accounts for 58% of SM Prime's consolidated revenues. 100% 8% 8% 88 8% 8% 10% 10% 90% 80% • Residential Business accounts for 32%. 35% 38% 70% • Other Business Segments cover the rest. 32% 38% 58% 56% 60% 50% 40% 30% 57% 54% 20% 58% 52% 34% 36% 10% 0% 2018 2019 2020 2021 2022 1H23 SHI Malls Residences Other Business Segments#36Consolidated Financials Net Income Segment Contribution . Malls and Residences contributed the most among key business units. 100% 9% 7% 7% 11% 11% 13% 90% 80% 29% 33% 23% 30% 70% 60% 50% 40% 30% 62% 60% 20% 10% SHI 70% 77% 23% 12% 0% 2018 2019 2020 ■Malls Residences 2021 64% 59% 2022 1H23 Other Business Segments#37Consolidated Financials Net income increased by 38% to PHP19.44 billion from PHP14.11 billion (In PHP Billion) 1H23 1H22 % Chg • Operating income went up by 36% to Revenue 59.85 46.34 29% PHP28.95 billion from PHP21.36 billion. • Consolidated revenue reached PHP59.85 billion, EBITDA 29% higher than PHP46.34 billion. 35.22 26.96 31% Operating Income 28.95 21.36 36% Net Income SHI 19.44 14.11 38%#38Financials Philippine Malls • • • Rental Income increased by 42% to PHP26.33 billion from PHP18.56 billion Cinema, ticket sales, and other revenues went up by 156% to PHP5.19 billion from PHP2.03 billion Operating income reached PHP17.21 billion, 60% higher than PHP10.73 billion. (In PHP Billion) 1H23 1H22 % Chg Revenues 31.52 20.59 53% Rent Income 26.33 18.56 42% - Cinema, Ticket 5.19 2.03 156% Sales, and others EBITDA 21.40 14.50 48% Operating Income 17.21 10.73 60% SHI#39Financials China Malls • SM Prime's China mall business operating income decreased to RMBO.18 billion from RMBO.19 billion. (In RMB Billion) 1H23 1H22 % Chg Revenues 0.40 0.39 3% China malls revenues increased by 3% to RMBO.40 billion from RMBO.39 billion - Rent Income 0.39 0.37 4% - Others 0.012 0.012 -4% EBITDA 0.30 0.30 0% Operating Income 0.18 0.19 -6% SHI#40Financials Residences . • SM Prime's residential business posted PHP19.02 billion revenues, 4% higher than PHP18.23 billion. (In PHP Billion) 1H23 1H22 % Chg SMDC's reservation sales reached PHP68.51 billion, 15% higher than PHP59.42 billion. Revenues EBITDA 19.02 18.23 4% 7.76 7.27 7% Operating Income 7.70 7.20 7% SHI#41Financials Other Businesses • Commercial Properties Group and Hotels and Convention Centers revenues cover 10% of the overall consolidated revenues. (In PHP Billion) 1H23 1H22 % Chg • The Company's office business segment reported PHP3.25 billion revenues, 17% higher than PHP2.77 billion. SMPH's hotels and convention centers business segment recorded PHP2.98 billion in revenues, 78% higher than PHP1.68 billion. Revenues EBITDA 6.23 4.45 40% 3.97 3.04 31% Operating Income 2.92 2.16 35% SHI#42Consolidated Balance Sheet In PHP Million (except % data) Assets 1H2023 % to Assets 2022 % to Assets Cash and cash equivalents 41,074 4% 42,060 5% Equity instruments at fair value through other comprehensive income 20,560 2% 17,612 2% Receivables & Contract Assets 82,527 9% 82,560 9% Investment Properties 515,626 56% 489,266 56% Real Estate Inventories 71,461 8% 70,500 8% Other Assets Total Assets 182,809 21% 172,217 20% 914,057 100% 874,215 100% Liabilities and Stockholders' Equity Long-term debt and Loans Payable 370,872 41% 352,397 40% Accounts payable and others 164,877 18% 156,666 18% Total Liabilities 535,749 59% 509,063 58% Total Equity attributable to equity holders of the parent 376,195 41% 363,201 42% We continue to maintain a very conservative balance sheet • More than half of our assets are in the investment properties while our net gearing level is at 88%. SHI#43Cash Flow In PHP Million (except % data) 1H23 2022 2021 2020 2019 2018 Cash Flows from Operating Activities Operating Income before Working Capital Changes 34,484 60,104 44,520 39,455 65,791 56,592 Net Cash provided by operations 26,365 34,933 30,667 17,190 51,728 45,964 Net Cash used in Investing Activities (35,606) (52,244) (44,114) (43,944) (48,615) (64,078) Net Cash provided by (used in) Financing Activities 8,196 19,686 22,624 22,818 (7,310) 12,633 Net Increase (Decrease) in Cash and Cash Equivalents (986) 2,284 9,114 (3,938) (4,166) (5,605) Cash and Cash Equivalents at Beginning of Year 42,060 39,776 30,662 34,600 38,766 44,371 Cash and Cash Equivalents at End of Year 41,074 42,060 39,776 30,662 34,600 38,766 Net gearing is equivalent to 47:53 in 1H2023, below the management target of keeping 50:50 net debt to equity ratio SHI#44HS oday pada 220r Տեսոաաօշ Бирдорәлә SMPRIME Developing Communities 2022 Integrated Report SM PRIME SHI 2022 Integrated Report#45SHI SM PRIME Investor Kit 2023 This presentation is available online through www.smprime.com