#1STAY STRONG, PILIPINAS. #THEFILIPINOCAN CNPF CORPORATE PRESENTATION NOVEMBER 2020 CENTURY PACIFIC FOOD, INC.#2Introduction Century QUICK OVERVIEW 00 00#3Company Overview ONE OF THE LARGEST BRANDED FOOD COMPANIES IN THE PHILIPPINES, ADDRESSING A BROAD CUSTOMER BASE Positioning Value for Money Mass Market Affordable Premium Marine Lucky FRESCA 7 TUNA 555 BLUE BAY KAMAYAN TUNA Century Century Turra Meat 7 Lucky WOW! 555 Shanghai Luncheon Meat Hrgentina Hunt's Swift unMEAT Milk & Others Home Pride KAE ORO Kto Angel Birch Tree Coco FORTIFIED Mama Birch Tree Full Cream Milk Powder 3#42019 Revenue Mix Tuna OEM, 16% BULK OF REVENUES FROM OWN BRANDS, CATERING PRIMARILY TO THE DOMESTIC MARKET Coconut OEM, 7% Marine, 30% Milk, 23% Meat, 24% Export, 27% OWN BRANDS REPRESENT 77% OF SALES 4 Domestic, 73%#5Our Value Chain Research & Development A DOWNSTREAM FOCUS WITH EXPERTISE IN DEVELOPING, MANUFACTURING, DISTRIBUTING, AND MARKETING AFFORDABLY NUTRITIOUS PRODUCTS Sourcing of Raw Materials Manufacturing of Products H ༥ 5 Domestic ■ Distribution & Export Sales SUPERHABBET TRACENS 0000 Marketing & Brand Building CENTURY FACE PO Consumers & Customers Engagement#6The Big Picture in the Philippines FOOD CONSUMPTION CONTINUES TO ACCOUNT FOR THE BULK OF FAMILY EXPENDITURES; WILL INCREASE ALONGSIDE INCOMES, ESPECIALLY AT THE BOTTOM BASE OF THE PYRAMID Breakdown of Family Expenditures Food Consumption per Class Animal- Per Capita Total Wealth Based Others, 31% Food Consumption Milk & Milk Products in Group Protein in % (TFC) in Grams % TFC TFC Transport, 7% Richest 971 28.3 7.9 Housing & Utilities, 20% Rich 869 25.6 6.1 Middle 810 22.3 4.4 Food, 43% Poor 790 19.0 3.7 Poorest 778 15.1 2.0 58% for base of the pyramid Source: Philippine Statistics Authority Family Income and Expenditure Survey, 2018 Food and Nutrition Research Institute Dietary Survey, 2015 BPI Securities Social Weather System Survey, 2016 6#7Critical Role of Shelf-Stable Products Locally A CRITICAL AND IMPORTANT SOURCE OF NOURISHMENT FOR FILIPINOS The Philippines Low agricultural base Imports many food requirements Low refrigeration penetration Many informal retail outlets 7 Prone to natural calamities 7,000+ islands and expensive inter-island logistics Long history and cultural affinity with product format Unique local taste profile#8Significant Market Leadership Marine & Meat PRIMARY DRIVER OF CANNED TUNA CONSUMPTION DOMESTICALLY Marine Flagship brand "Century Tuna" is a champion for health and wellness Meat Flagship brand "Argentina" is the go-to name in terms of affordable yet quality meat products Source: Nielsen 82% CNPF 5.2x 16% #1 September 2020 Canned Tuna 1% 1% Competitor 1 Competitor 2 Competitor 3 SIGNIFICANT BRAND EQUITY IN CANNED MEAT 42% 3.0x #1 September 2020 Canned Meat 14% 14% 12% 18% CNPF Competitor 1 Competitor 2 Competitor 3 Others 8#9Canned Tuna Reinvented Marine Century EVERYBOD SUPERBOD 2020 EVERY DAY IS A CHANCE TO BE A BETTER YOU JOIN NOW DECADES-LONG BRAND BUILDING AROUND "HEALTH AND WELLNESS" AMF SUPERBODS APRIL 12 COVE MANILA Ageless JOIN NOW! 2018 Sexy knows no age VOTED BY CONSUME Members TRUSTED BRAND 2016 GOLD 15 ANNIVERSARY PHILIPPINES Century Tuna 2011-2013, 2015-2016 Asia Marketing Federation Asia's Marketing Company of the Year 2016 CENTURY PROFIC FOOD C Century Century RED 15 Royal RED 15 Premium More CHUNKY More PROTEIN More OMEGA-3 DHA Century TUNA "I'VE ALWAYS BEEN A Century Tuna girl." Century AGORA AWARDS Marketing Company of the Year 2011 Gregory Banzon Marketing Excellence 2014 Outstanding Achievement in Export Marketing 2018 WORLD BRANDING AWARDS BRAND OF THE YEAR Century Tuna Brand of the Year Philippine Seafood Category 2019 Century TUNA Wpetable e Promin Made from 100% PURE TUNA 9#10Source: Euromonitor, UBS Exciting Opportunities in Milk 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 MILK CONSUMPTION AND PRODUCT VARIETY IN THE PHILIPPINES STILL VERY LOW Dairy Annual Consumption per Capita in 2018 China India Vietnam Dairy consumption per capita (kg) 10 GDP per capita (US$) Indonesia Philippines 70,000 60,000 50,000 | 40,000 30,000 20,000 10,000#11Growing Market Shares Milk Milk Heritage brand "Birch Tree" is utilized as a platform to expand and grow MARKET SHARE GAINS IN DRINKING POWDERED MILK 2% Jan 2016 11x #2 22% Sep 2020 Philippines' Fastest Growing Brand in 2019 Source: Kantar (among all FMCG brands on Consumer Reach Points) 46% 2016 to 2019 Revenue CAGR 23% of 2019 Revenue from 11% in 2016 Source: Nielsen 11#12Further Expansion through Innovation ROBUST PRODUCT INNOVATION PIPELINE IN MILK, LEVERAGING ON BIRCH TREE'S BRAND EQUITY AND POSITIVE MOMENTUM Birch Tree FORTIFIED B PAMILYA PACK NEW Birch Tree Fortified Fiber Inulin Fiber Boost SuSTIYANsarap! 300g 290g Choco BOOST ARATIYANI RO 300g Birch Tree Product FORTIFIED Adult Boost +Immunity Builders Vitamin C, Zinc, and iron and Energy Nutrients launches lined up Birch Tree Fortified Birch Tree Fortified Choco Birch Tree Fortified Adult 2016 2019 12 August 2020 2021-2022#13Other Branded Businesses EXPANDING INTO ADJACENT CATEGORIES, BEYOND THE 3M'S Organically New! Coco Mama UNANG PIGA FRESH GATA Via Acquisitions CLASSIC Hunt's SPAGHETTI SAUCE Pinoy Party Style Leveraging coconut OEM export capabilities and branding know-how to build a branded domestic coconut market (which is still primarily fresh) 13 Entry into condiments via Hunt's brand acquisition; Also market leader in canned beans#14Strategic Priorities Building a portfolio of well-known and trusted brands that will deliver sustainable long-term growth Branded Product Portfolio 000 Innovation pipeline, organic and inorganic opportunities, existing and adjacent categories Faster growth, building scale, challengers or category builders Emerging Milk Steady growth, healthy cash generation, market- leading Core Branded Marine & Meat New Products Branded Coconut 14#1574 Governance 75 OUTLOOK & GUIDANCE#16Outlook & Guidance 50% 2020 Net Income Growth 5-Year Estimated Net Income CAGR 40% 31% 32% 30% 20% 10% 0% North 15% Double of 20% digits CNPF Typical Growth Target 14% to 15% CAGR -10% FY20 GDP BSP Forecast 1Q20 2Q20 3Q20 4Q20E FY20E 2015 2016 2017 2018 2019 2020E ● Continued double-digit net income growth for the balance of the year to support our full- year 2020 outlook of north of 20% increase in earnings 16#17Outlook & Guidance 2021 Preliminary Guidance 2020E Still aiming to grow double digits in spite of high base 2021 Growth Drivers Core Branded • Demand for essentials to remain resilient • . 2021E • Steady growth also driven by favorable shifts in consumer behavior OEM Recovery Gradual recovery expected for tuna OEM; Maximize capacity of new plant Coconut to benefit from growing recognition of its health benefits and capacity expansion Innovations • Recent innovations gaining momentum; Full-year impact in 2021 Roll out of other new products over the next few months • 2021 target to maintain double-digit growth to be driven by: Healthy demand for core branded products given favorable shifts in consumer habits Aggressive pipeline of new product innovations OEM export recovery 17#18Long-Term Strategy Performance in Good Times Performance Positioning High Expansion Exploiters Efficiency- Focused All-Weather Low Low Crisis Performance CNPF Resilience-Focused Resilience Exploiters High Delivering low double-digit to mid-teens growth during good times, and outperforming our growth targets during bad times Our branded portfolio has proven resilient amidst various macroeconomic situations *Source: BCG Henderson Institute (matrix); Management estimate (CNPF positioning) 18#19Introduction Century 00 00 EMERGING CONSUMER TRENDS IN THE "NEW NORMAL”#20Emerging Consumer Trends Emerging Consumer Trends Cooking at Home Digital Channels Safety, Health & Wellness Fastest-Growing Food Categories* 1. Pet products 2. Spreads 3. Prepared cooking food 4. Milk 5. Meat 6. Cooking / culinary aids Present in 4 out of 6 categories Key Critical Household Items** • Canned sardines • Canned meat Trusted Brands Milk Coffee • Instant noodles Value for Money • Rice Present in 3 out of 6 categories Fastest-growing and key critical food categories during quarantine are categories we either lead or actively participate in *Source: Nielsen, March - May 2020 **Source: Department of Social Welfare and Development 20#21Emerging Consumer Trends Emerging Consumer Trends Cooking at Home Digital Channels Increased Presence in Digital Channels Now DEL2HOME DELivers CPFI products" 2 your HOME! Safety, Health & Wellness Trusted Brands Shopee Contay Coca Hunts Name GRAND LAUNCH SALE FRESH Get P75 off!* USE CODE CENTGL75 455 Hunt's Value for Money DEL2HOME HOME DELIVERY SERVICE FOR ESSENTIAL ITEMS CENTURY PASIFIC FOOD NE CENTURY PASILED POOKIN Lazada Hunes CENTURY PACIFIC FOOGLING 353 CENTURY FOOD STORE CENTURY FOOD STORE GRAND LAUNCH SALE Get P75 off!* SE CODE CENTGL75 Hinn Enhanced ability to sell via non-traditional or online channels, including having our own delivery service and dedicated online stores in Shopee and Lazada 21#22Emerging Consumer Trends Emerging Consumer Trends Cooking at Home Digital Channels Century Superbods 2020 Century EVERYBOD SUPERBOD 2020 Contorn EVERISCO SUVERSCO STAY STRONG, PILIPINAS Safety, Health & Wellness Trusted Brands EVERY DAY IS A CHANCE TO BE A BETTER YOU LAHAT TAYO MAY KWENTO. AND THE BEST ONES INSPIRE Cuturx EVERYBOD 2020 Value for Money JOIN NOW WHAT'S YOURS? Actively communicating the health benefits of our products to address the needs of the more health-conscious consumer 22#23Emerging Consumer Trends • · Emerging Consumer Trends Cooking at Home Digital Channels Market-Leading* 82% #1 Canned Tuna Strong Challenger* 22% #2 Powdered Milk Safety, Health & Wellness Trusted Brands Value for Money 46% Corned Meat #1 #1 37% Emulsified Loaves Birch Tree FORTIFIED Philippines' Fastest- Growing Brand in 2019** by Kantar Core brands are staples of Filipino in-home consumption across all income classes Emerging Milk brand Birch Tree recognized as fastest-growing consumer brand locally *Source: Nielsen, September 2020 **Source: Kantar (among all FMCG brands on Consumer Reach Points) 23#24• • • Emerging Consumer Trends Emerging Consumer Trends Cooking at Home Digital Channels Safety, Health & Wellness Trusted Brands NEW Affordable & Value-for-Money Products Sulit PACK FRESCA CORNED TUNA WOW! EASE SABAP ENJOY ULAM ANYWHERE! ADOBO Birch Tree FORTIFIED Inulin Fiber Value for Money 150 Serving Suggestion grams Meat in Adobo Sauce Serving Suggestion Fiber Boost Birch Tree is the go-to value-for-money option in the powdered milk category Flanker brands Wow! Ulam and Fresca doing better than expected as they cater to bottom base of the pyramid Generally, all our products fall within the affordable and value-for-money price range 24 SusTIYANsarap! 300g Powdered Drink#25New Product Innovations Leveraging Trends Core Marine Recent Product Launches Meat Century TUNA Handline co-Friendly C New Deal Argentina Chicken CORNED CHICKEN February 2019 Century TUNA PREMIUM RED Solid in Vegetable Oil October 2020 (Institutional Sales) November 2019 (Relaunch) 100% VEGIAN Milk PAMILYA PACK NEW Birch Tree Fortified ЦИМЕАТ meat-free BURGER PATTIES August 2020 April Choco 2019 Birch Tree FORTIFIED Adult Boost Emerging Coconut New! Coco Mama UNANG NGA FRESH GATA +Immunity Builders September 2019 and Energy Nutrients Proven track record in innovation across core and emerging branded categories Prioritizing innovations around value-for-money, health and wellness, and product safety 25#26• New Product Innovations Leveraging Trends Emerging Consumer Trends Coco Mama Before Cooking at Home Safety, Health & Wellness Trusted Brands Value for Money New! Coco Mama UNANG PIGA FRESH GATA After Sarap ng Unang Piga! #GATABIL News Coco Mama FRESH GATA W 2002 Equal cocon ANG KITA APIN ANG KITA SARAPIN ANG UTA PASAKAPANG Building up the packaged coconut cream category in the Philippines Benefitted from quarantine period where consumers opted for packaged brands instead of fresh coconuts in the wet market 26 BESTRICTED#27New Product Innovations Leveraging Trends Emerging Consumer Trends Cooking at Home Safety, Health & Wellness Trusted Brands Value for Money Birch Tree Fortified Adult Boost NEW Birch Tree FORTIFIED Adult Boost 6009 Birch Tree FORTIFIED Adult Boost +Immunity Builders Vitamin C, and bron and Energy Nutrients Lakas-Depensa Tulong na panlaban sa sakit! New! Birch Tree FORTIFIED Adult Boost 3009 Immunity Support Nutrients Vitamin C, Zinc, and Iron Energy CENTURY PACIFIC FOOD, INC. Leveraging brand's equity in powdered milk with a value-for-money and health proposition Provides health and nutritional benefits to boost immunity - a big consumer want 27 •#28New Product Innovations Leveraging Trends Emerging Consumer Trends 100% Cooking at Home VEGAN Safety, Health & Wellness Trusted Brands Value for Money 17g PROTEIN grung Net WL 226g (113gx2) Serving sugge UnMeat unMEAT meat-free BURGER PATTIES High in Fiber High Source of Protein No Preservatives Added Trans Fat-Free Lacto-Free Cholesterol-Free Burger Burger Burger EST. 1954 Shakey's PIZZA PARLOR THE Goood BAAAD BURGER BURGER Meat-free Cheese-free Guilt-free MEAT MAKE your CHOICE! ONLY 185 PRICE VARIES MEATFUL CHEESEFUL SINFUL MADE ANCUS WITH BEET UnMeat is the first vegan plant-based brand in the Philippines Provides accessibility and affordability of plant-based alternatives to a wider segment of the Filipino population 28#29New Product Innovations Leveraging Trends (4) UnMeat UnMeat vs. Real Meat Real Meat Plant-based Around 98% less water used Around 30% less energy used Around 82% less greenhouse gas emissions Animal-based Production of real meat entails a longer supply chain versus plant-based meat alternatives Supply chain of plant- based products requires lower consumption of natural resources compared to the production process for real meat Initiative supports our ambition of becoming a healthier food company and doing business in a more Around 88% less land used *Source: EMBO Reports, "The Eco-Friendly Burger," December 2018 UNESCO-IHE Institute for Water Education, December 2010 29 sustainable and responsible way#3074 Governance LATEST FINANCIAL PERFORMANCE 75#319M 2020 Financial Results Highlights TOTAL REVENUE GROWTH BRANDED REVENUE GROWTH NET INCOME GROWTH +21% +28% +26% 9M 9M 9M +9% +16% 3Q 3Q +15% 3Q 31#32Consolidated Revenues 9M Revenue Breakdown 9M Revenue Growth 77% 81% 21% In PHP Bill 28% Quarterly Revenue Trend 13.0 12.1 11.7 10.7 10.2 9.7 9.9 9M19 9M20 Consolidated Branded 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Branded OEM Exports Average of 2019 quarterly revenues . Healthy top line growth driven by branded business' continued double-digit increase • Sales robust despite more challenging environment and weaker consumer sentiment Double-digit growth year-to-date across all branded units - Marine, Meat, and Milk 32#33Branded Revenues 50% 40% Branded Quarterly Revenue Growth Trend 31% 30% 20% 10% 0% 39% Metro Manila Quarantine Timeline 1Q 16% CNPF Typical Growth Target 2Q -10% FY20 GDP BSP Forecast 3Q 1Q20 2Q20 3Q20 Pre-Quarantine Jan 1, 2020 Mar 15, 2020 Enhanced Community Quarantine Mar 16, 2020 - Mar 31, 2020 Enhanced Community Quarantine Apr 1, 2020 - May 15, 2020 Modified Enhanced Community Quarantine May 16, 2020 - May 31, 2020 General Community Quarantine Jun 1, 2020-Jun 30, 2020 General Community Quarantine Jul 1, 2020 Aug 3, 2020 Modified Enhanced Community Quarantine Aug 4, 2020 - Aug 18, 2020 General Community Quarantine Aug 18, 2020 - Sep 30, 2020 • 3Q20 branded revenue growth exceeds typical growth target of 10% to 15% and outperforms relative to broader macroeconomic forecasts . Resilient in spite of easing restrictions due to essentials and staples nature of portfolio 33#34Branded Revenues Branded Quarterly Revenue Trend Key Critical Household Items* CNPF participates in 3 out of 6 In PHP Bill 8.0 7.9 7.7 7.4 10.1 10.3 9.3 555 Argentina Birch Tree FORTUNE Canned sardines Canned meat Milk 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 ① Average of 2019 quarterly branded revenues Coffee Instant noodles Rice • Key products take a sizable portion of the consumer basket across all income classes • Value-for-money positioning supports demand regardless of macroeconomic conditions *Source: Department of Social Welfare and Development 34#35OEM Exports Revenue 9M Revenue Growth 21% -2% Consolidated OEM Exports USD 2000 1500 1000 Monthly Skipjack Tuna Prices with 3-month delay OEM Performance Drivers 500 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Current Skipjack Tuna Price per Ton* Tuna OEM volumes affected by (1) reallocation of capacity to branded and (2) weak foodservice demand globally Flattish revenues also driven by pass-on of softer commodity prices and stronger peso OEM business still a consistent profit driver Sluggish tuna OEM top line partially offset by accelerating demand for coconut • Strong offtake for high-value coconut products as consumers worldwide prioritize health and wellness; Capacity expansion ongoing *Source: http://investor.thaiunion.com/raw_material.html 35#36Summarized Margins 9M Margins 24.4% Gross Margin 3Q Margins +1.3pps 25.7% +1.2pps 26.7% 25.5% 14.4% 14.4% +0.2pps +0.5pps 14.2% 13.9% EBITDA Margin +0.2pps 12.2% +0.1pps 11.8% 12.0% 11.7% Operating Margin Net Margin 8.9% 8.8% +0.3pps +0.4pps 8.6% 8.4% 9M19 9M20 3Q19 3Q20 • Margin expansion across all profit line items year-to-date and during the third quarter Improvement driven by stable input prices, favorable forex rates, and faster growth of higher-margin branded business 36#37Cash Flows Operating Cash Flow 9M20 Operating Cash Flow Breakdown In PHP Mill . 115% YoY in 9M20 5,473 36% 2,550 26% 23% Others, 15% 9M19 9M20 9M20 Debt Repayment Debt Interest 39% YoY in 26% YoY in 9M20 9M20 CapEx Plant capacity expansion Dividends Doubled cash dividend Robust earnings and improvement in working capital translate to strong cash generation Significant reduction in debt brings net gearing to minimal 0.07x and interest expense lower Ongoing capacity expansion for meat and coconut to address heightened demand 37#3874 Governance 75 OTHER FINANCIALS#399M 2020 Summarized P&L In PHP Mill 9M 2019 9M 2020 Change YoY Net Revenues 30,359 36,794 21% Cost of Sales 22,956 27,352 19% • Gross Profit 7,403 9,442 28% Operating Expenses 3,845 4,855 26% Operating Income 3,644 4,482 23% EBITDA 4,309 5,296 23% Financing Cost - Net 289 215 -26% • Income before Tax 3,355 4,267 27% Income Tax 747 990 32% Net Income 2,608 3,277 26% Earnings per Share 0.74 0.93 26% Margins (%) Gross Profit 24.4% 25.7% +1.3 pps Operating Expenses 12.7% 13.2% +0.5 pps Operating Income 12.0% 12.2% +0.2 pps EBITDA 14.2% 14.4% +0.2 pps Net Income 8.6% 8.9% +0.3 pps 39 Revenue growth driven by branded outperformance Robust double-digit growth across all branded units as consumers prefer well-known and trusted shelf-stable products ● Improvement in gross margin driven by subdued raw materials, favorable FX, and faster growth of higher- margin branded business Elevated operating expense due to enhanced health and safety measures Earnings momentum sustained at +26%, exceeding normal target of 10-15%#409M 2020 Summarized Cash Flow In PHP Mill 9M 2019 9M 2020 . Working capital decline Profit before Tax 3,355 4,267 Depreciation & Amortization 664 813 Working Capital Change (995) 1,142 • Income Tax (747) (990) Others 273 241 OPERATING CASH FLOWS 2,550 5,473 Additions to PPE (1,303) (1,428) INVESTING CASH FLOWS (1,301) (1,410) Interest Paid (289) (215) • Change in Debt (484) (1,975) FINANCING CASH FLOWS (1,411) (3,659) NET CHANGE IN CASH (162) 404 CASH, ENDING 1,515 2,012 FREE CASH FLOW 1,247 4,045 primarily driven by higher payables Strong cash generation due to robust profitability and reduced working capital CapEx program continues in spite of COVID-19; some expansion programs accelerated Decline in financing cost due to decrease in debt and lower interest rates Debt repayment supported by significant increase in free cash flows 40#41Working Capital Details ● Build-up of inventory driven by increase in raw material covers • Longer inventory days of 149 offset by stretch in payable days to 122 Strict monitoring of receivables amidst current economic conditions WORKING CAPITAL RECEIVABLES 15,000 121 101 90 15,000 80 150 150 10,000 72 69 11,950 63 11,029. 9,743 .........10,762 10,000 100 63 100 8,539 8,668 5,000 50 5,000 7,001 8,171 50 0 0 0 0 2019 Q1 2020 1H 2020 9M 2020 2019 PHPM Working Capital · WC Days Days PHPM Q1 2020 Receivables 1H 2020 Receivable days 9M 2020 Days INVENTORY PAYABLES 149 15,000 139 120 122 15,000 122 150 111 150 14,361 91 10,000 10,000 81 11,782 11,633 100 10,550 10,558 11,770 100 5,000 50 5,000 8,060 6,833 50 0 0 0 0 2019 PHPM Q1 2020 Inventory 1H 2020 Inventory days 9M 2020 2019 Days PHPM Q1 2020 1H 2020 Payables Payable days 9M 2020 Days *Period-end figures were used to compute for working capital components. 41#429M 2020 Summarized Balance Sheet In PHP Mill 2019 9M 2020 In PHP Mill 2019 9M 2020 Cash Receivables 1,608 2,012 Trade and Other Payables. 6,833 11,770 7,001 8,171 Notes Payable - Current 2,434 1,966 Inventory 11,782 14,361 Long-Term Loan 3,087 1,578 Current Assets 21,515 25,826 TOTAL LIABILITIES 13,434 17,576 PPE 6,415 7,232 Retained Earnings 10,611 12,613 Non-Current Assets 11,074 12,905 TOTAL EQUITY 19,154 21,155 TOTAL ASSETS 32,589 38,731 BVPS (PHP/share) 5.41 5.97 ● • • Improvement in cash conversion cycle to 90 days versus 121 days as of end-2019 Build-up of inventory driven by increase in raw material covers . • Loans totaling PHP3.5 billion all peso- denominated 9M 2020 consolidated net income of PHP3.3 billion 42#43Financial Ratios 0.29 Gearing (x) 0.17 . 2019 9M 2020 0.20 • Net Gearing (x) 0.07 2019 9M 2020 2.22 Current Ratio (x) 1.80 2019 9M 2020 17.6% 19.2% ● Return on Equity Notes: Gearing Ratio = (Interest-Bearing Liabilities) / Equity 2019 9M 2020 Net Gearing = (Interest-Bearing Liabilities Less Cash) / Equity Return on Equity uses trailing 12 months' earnings and average equity 43 Comfortable level of gearing ratios maintained Decrease in peso-denominated debt led to lower leverage ratios Improvement in current ratio implies healthy liquidity Attractive return ratios with ROE in the high teens#44Introduction Century 00 00 INVESTMENT HIGHLIGHTS#45Investment Highlights Market • Dominates the canned fish and canned meat categories locally* with a growing presence in milk Leadership • Company's brands are the brands of choice for Filipino consumers 1 Multiple Brands 2 and Products 3 4 Strong Focus on Marketing and Innovation Extensive Market Penetration and Distribution Trusted Partner 5 for International Customers • A broad product portfolio catering to different tastes and needs to capture a larger share of consumers' wallet and stomach • • • Diversification of risk and input price exposures • Innovative marketing campaigns to create must-have and aspirational brands Strong R&D process to launch products and improve profitability • Products available in 1 million points of sale locally* A growing network of food service and international accounts Long-standing relationships with large international private label customers, initially just for tuna but now also for various coconut products • One of the Philippines' largest exporter of tuna and various coconut products *Source: Nielsen 45#461 Dominant Market Leadership in Ambient Food in the Philippines PRIMARY DRIVER OF CANNED TUNA CONSUMPTION DOMESTICALLY "Century Tuna" is now a champion for health and wellness 82% #1 Flagship brand 5x 46% September 2020 Canned Tuna 16% 1% 1% CNPF 1 Competitor Competitor Competitor 2 3 CNPF Source: Nielsen MARKET SHARE GAINS IN POWDERED MILK MARKET LEADER IN CORNED MEAT #1 September 2020 Corned Meat 17% 17% 11% 10% Competitor 1 Competitor 2 Competitor 3 Others Flagship brand "Argentina" is still the go-to name in terms of affordable yet quality meat products Source: Nielsen Heritage brand "Birch Tree" is utilized as a platform to expand and grow 65% AMONG THE LEADING EXPORTERS OF TUNA AND COCONUT OEM #2 #1 July 2019 Tuna OEM December 2018 Coconut Water Exports September 2020 Powdered Milk 42% 32% 22% 12% 1% Competitor CNPF Competitor Others 1 Source: Nielsen 2 CNPF 46 CNPF Source: Bureau of Customs#472 Multiple Brands and Products Catering to All Consumers Diverse product portfolio catering to a broad customer base and different customer tastes and needs Positioning Value for Money Mass Market Affordable Premium Lucky FRESCA 555 BLUE BAY KAMAYAN Century Century TUNA QUALITY Marine 7 TUNA Lucky Meat 7 WOW! 555 Shanghai Luncheon Meat Argentina Hunt's Swift Milk Home Pride KAE ORO Angel Birch Tree B Birch Tree FORTIFIED COMPANY PORTFOLIO AS OF END 2019 Coconut, 3% Milk, 14% 219 SKUS Meat, 36% Full Cream Milk Powder Marine, 47% SIGNIFICANT BENEFITS OF A MULTI-BRAND, MULTI-PRODUCT PORTFOLIO • • 47 Catering to a broad customer base through multiple brands and capturing a larger share of the consumers' wallet and stomach through multiple segments and products Increased bargaining power with suppliers and distributors. Diversification of risk and facilitate brand consolidation play#483 Century TUNA EVERYBOD SUPERBOD 2020 Strong Focus on R&D-Driven Innovation and Marketing INNOVATIVE MARKETING CAMPAIGNS 555 ND SARDING Tausi 555 SARDINES Isdaliciously Ready-to-use Special chicken sahog! Mater Argentina CORNED CHICKEN Birch Tree FORTVED Adult Boost Immunity: Energy S New! EVERY DAY IS A CHANCE TO BE A BETTER YOU JOIN NOW • • • 555 Spantsh CHICKEN BUSOG ANG ARAW KO LAKAS-DEPENSA tulong na panlaban sa sakit! Enhancing brand recognition through SESTURI PERTIE Sarap ng Unang Piga! #GATABILIB active and targeted marketing and promotional campaigns Continuous launching of new products and improvements in profitability made possible through intensive R&D Promotions capitalize on healthier lifestyles Intuitive and appealing ad campaigns employ celebrity endorsers to create must-have and aspirational brands New! Caco Mama UNANGA FRESH GATA 48#494 Extensive Market Penetration and Distribution Network 163k Total Philippine Outlets Serviced by CNPF 1 M Availability Equivalent to 16 Total Philippine Outlets CNPF Products are Available in Source: Nielsen 88% of All Points of Sale in the Philippines GLOBAL SALES AND DISTRIBUTION NETWORK Offshore Toll Manufacturers for CNPF Products 81 Countries CNPF Products are Available in ली Globally investing in a worldwide sales and distribution infrastructure AVAILABILITY OF BRANDED PRODUCTS Walmart Export Presence Distributor Toll Manufacturer 49 Carrefour SEAFOOD CITY SAFEWAYS Fresh 99 RANCH MARKET Spinneys يان Géant Choithrams full of goodness#50Trusted Partner for Customers 5 Around the World Works closely with long-standing international partners to produce private label products for sale in international markets TUNA OEM CERTIFICATIONS ISSF CERTIFIED SUSTAINABLE SEAFOOD MSC www.msc.org INTERNATIONAL SEAFOOD SUSTAINABILITY FOUNDATION RTH ISLAND WWF TM TM INSTITUT DOLPHIN SAFE BUREAU of FISHERIES and RESOURCES PARTMENT OF NAT Western & Central Pacific Fisheries Commission AQUATIC COCONUT OEM CERTIFICATIONS PRODUC BRC Food CERTIFICATION BRC SGS FOOD ECO CERTIFICATED PJR FSI Food Safety, Inc. CERT UKAS PRODUCT CERTIFICATION 005 JAS ECOCERT HALAL حلال IDCP COUNCIL USDA ORGANIC SMETA FORECASTED INDUSTRY GROWTH OF COCONUT PRODUCTS* Coconut Milk/Cream 15-20% *2019-2023 **Source: Trade Press, University of Asia & the Pacific Coconut Water 12-20% 50 Desiccated Coconut 9% Virgin Coconut Oil 8-12%#51Introduction Century 00 00 OTHER COMPANY INFORMATION#52Company Snapshot SNAPSHOT . Century Pacific Food, Inc. is one of the largest branded food companies in the Philippines. It is primarily engaged in the manufacturing, marketing, and distribution of processed marine, meat, milk, and coconut products. The Company's own brands hold market-leading positions locally and are growing their presence abroad. Further, the Company also operates as one of the Philippines' leading providers of private label tuna and coconut products for export overseas. Vision: To be a sustainable and responsible global company of entrepreneurs that nourishes and delights its customers with healthier food and beverages through manufacturing excellence, nutrition expertise, trusted brands and passionate people. Production Facilities: 6 manufacturing facilities across the Philippines strategically located adjacent to supply sources (Tuna and Coconut in General Santos City, Meat in Laguna City, Dairy in Taguig City, and Sardines in Cavite and Zamboanga City) Key Management: Christopher T. Po - Executive Chairman, Teodoro T. Po - President & CEO, Gregory H. Banzon - Executive Vice President & COO, Edwin C. Africa - Senior Vice President & General Manager, Oscar A. Pobre - Vice President & CFO 2019 REVENUE BREAKDOWN FULL-YEAR FINANCIALS Revenues (In USD Mill) 1,004 852 691 796 563 2016 2017 2018 2019 2020F* Net Income (In USD Mill) 82 56 54 60 66 2016 2017 2018 2019 2020F* *Consensus of active brokers OWNERSHIP STRUCTURE Tuna OEM, 16% Coconut OEM, 7% Milk, 23% Meat, 24% Marine, 30% OEM, 23% Export, 27% Public* 31% Century Pacific Group, 69% Branded, 77% Domestic, 73% *Includes GIC's 4% ownership 52#53Dairy Annual 40.0 Consumption per 35.0 30.0 Capita in 2018 25.0 20.0 High potential 15.0 10.0 for consumption 5.0 to grow 0.0 Source: Euromonitor, UBS The Big Picture CNPF is well-positioned to take advantage of rising consumer demand MAJORITY STILL LOW TO MIDDLE CLASS IN THE PHILIPPINES Distribution of Families and Income FOOD ACCOUNTING FOR BULK OF FAMILY EXPENDITURE Breakdown of Family Expenditures Per Capita Source: BPI Securities Social Weather System Survey, 2016 OPPORTUNITIES IN THE PHILIPPINE DAIRY MARKET 45.0 Japan Singapore Thailand Malaysia % % SE CLASS Share of Share of Annual Income Annual Income Animal- Milk & Families Income Represents a AB 1 9 in PHP in USD 1,857,000 36,880 Others, 58% Wealth Group Total Food Based Consumption Protein Milk Products (TFC) in Grams in % TFC in % TFC Richest 971 28.3 7.9 typical Filipino Rich 869 25.6 6.1 C 9 26 603,000 11,976 family size of 3 Food, Middle 810 22.3 4.4 to 5 pax D 60 56 191,000 3,793 42% Poor 790 19.0 3.7 Poorest 778 15.1 2.0 E 30 9 62,000 1,231 Total 100 100 206,000 4,091 China India Dairy consumption per capita (kg) GDP per capita (US$) Vietnam Indonesia Percentage going to food much larger for lower income families, and protein intake grows as wealth increases Source: Philippine Statistics Authority Family Income and Expenditure Survey, 2016 Food and Nutrition Research Institute Dietary Survey, 2015 GLOBAL DEMAND FOR PHILIPPINE COCONUT EXPORTS Philippine Coconut Export Value (In FOB USD Mill) 70,000 60,000 50,000 2000 40,000 30,000 1000 20,000 10,000 0 Philippines 53 2009 2010 Traditional 2011 2012 2013 2014 2015 2016 2017 Non-Traditional Riding the wave of global health and wellness Source: PCA, PSA, UCAP#54Company Milestones Proven track record in brand building TUNA OEM BUSINESS 1978 organic via acquisitions 555 Centuryentina BLUE BAY 1983 TUNA 1986 1995 Tuna 2001 Angel Birch Tree Full Cream Milk Powder 2002- Swift 2012 Home Pride KAFFE ORO WOW! PSE 2014 2008 Birch Tree FORTIFIED 2015 R KAMAYAN Hunts COCONUT BUSINESS 2016 2017 54 Coco Mama 2019 ЦИМЕАТ 2020#55Company Milestones Recognized for excellence Renders VOTED CONSUME TRUSTED BRAND 2016 GOLD ANNIVERSARY PHILIPPINES Century Tuna and Argentina 2011-2013, 2015-2016 ASIAMONEY Philippines' Best Managed Small Cap Company 2016 ASEAN BUSINESS AWARDS 2018 Family Business Award Country & ASEAN Winner 2018 FT 1000 High-Growth Companies Asia Pacific 2018 500 High-Growth Companies Asia Pacific 2020 AGORA AWARDS Marketing Company of the Year 2011 Gregory Banzon Marketing Excellence 2014 Outstanding Achievement in Export Marketing 2018 AMF Asia Marketing Federation Asia's Marketing Company of the Year 2016 CEO EXCEL NARDS 2017 Gregory Banzon Communication Excellence 2017 FinanceAsia Philippines' Best Mid Cap Company 2017-2018 THE ASIAN EXPORT AWARDS Asian Export Awardee Processed Food Large Corporate Category 2018 IR magazine Best in Sector Consumer Staples Finalist 2018 Best in Country Philippines Finalist 2019 WORLD BRANDING AWARDS BRAND OF THE YEAR Century Tuna Brand of the Year Philippine Seafood Category 2019 Institutional Investor Philippines' Most Honored Company, Philippines' Third Best CEO (Teodoro Po) 2020 55#56Our Experienced and Dedicated Management Team Highly experienced professionals in their respective areas of expertise; governance mantra of recruiting the best home-grown or external talent CHRISTOPHER PO Executive Chairman • 9 years of experience as Management Consultant at McKinsey, Managing Director at Guggenheim Partners, and Corporate Planning Head at JG Summit TEODORO PO President & CEO • 27 years of experience in running various business units of Century Group; Designed, built, and managed several factories of the group GREGORY BANZON EVP & COO EDWIN AFRICA SVP GM Meat - • 22 years of experience in various general management, marketing, and sales roles including VP Marketing of Johnson & Johnson ASEAN, Country General Manager of Johnson & Johnson Indonesia, and General Manager at RFM • 22 years of experience in general and brand management roles in the Philippines, Taiwan, Thailand, Singapore, Malaysia, and China Procter & Gamble from 1991 to 2001, Nippon Paint from 2001 to 2004, and Pepsico from 2005-2012 OSCAR POBRE VP & CFO • Executive Director Non-Executive Director CEZAR CRUZ VPGM Sardines . 9 BOARD COMPOSITION Members 4 Committees Directors • Audit Committee • • • RONALD AGONCILLO VP - GM Milk & Mixes Independent Directors NOEL TEMPONGKO VP - GM Coconut Board Risk Oversight Committee Corporate Governance & Sustainability Committee Related Party Transactions Committee TEDDY KHO VPGM Tuna OEM Exports WILHELMINO NICOLASORA VP - Domestic Sales 56 • 23 years managing the corporate finance, treasury, accounting, and controllership at Century Group of Companies 17 years of experience in finance functions at RFM, Cosmos, Dole, and Meralco 29 years of experience in various technical, operations, and business development roles at San Miguel and RFM President of the Sardine Association of the Philippines • 19 years of experience in various national sales management, engineering, and logistics roles at Unilever Philippines and Indonesia, 3M, Shell, Cadbury, and San Miguel • 27 years of experience in various general management roles in fast- moving consumer goods companies including San Miguel Yamamura Packaging Corp and The Purefoods-Hormel Company Inc. • 21 years of experience in various management, operations, and technical roles including President and General Manager of San Miguel Foods Vietnam and Plant Manager of San Miguel Hoecheong •9 years of experience in sales management roles at Unilever Philippines, PepsiCo International, and Kimberly-Clark Philippines and Thailand#57Sustainability ESG HIGHLIGHTS#58Our Vision The Company Vision was revised in 2018 to incorporate sustainability. Previous We will be respected as a team of passionate, consumer-oriented, professional entrepreneurs committed to lead and work together to delight families in the Philippines, the region and the world. Guided by Divine Providence, we will be a company of choice of every household and trade partner, valued and trusted for our brands and products that deliver quality, service, taste, convenience, innovation and affordability. Current We are a sustainable and responsible global company of entrepreneurs that nourishes and delights our consumers with healthier food and beverages through our manufacturing excellence, nutrition expertise, trusted brands, and passionate people. 58#59Our Commitment The commitment to sustainability stems all the way from the top. "Essential to our strategy going forward is our sustainability and ability to balance the needs of all our stakeholders. We believe that sustainability - whether coming up with healthier products, taking care of our people and communities, or being good stewards of our resources - is essential to our longevity. We believe our commitment to responsible business will change the complexion and character of our business in a good way and will future-proof our enterprise." CHRISTOPHER T. PO Executive Chairman TEODORO T. PO President & CEO#60Our Engagements We have engaged a number of third parties to assist us in our sustainability journey. Business for Sustainable Development Partnered with Business for Sustainable Development in late 2018 to establish a sustainability framework and conduct initial baselining the purpose business Engaged with The Purpose Business in late 2019 to create a sustainability strategy and better incorporate sustainability into the core of our business PLASTIC CREDIT EXCHANGE plasticcredit exchange.com WWF ISSF HOPE BUSINESS FOR GOOD. GAWAD KALINGA Habitat for Humanity Philippines 00 ASSISI DEVELOPMENT FOUNDATION#61Sustainability Framework 2 ZERO HUNGER SSS 3 GOOD HEALTH AND WELL-BEING Protein Delivery 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO 14 LIFE BELOW WATER Planet Preservation 5 GENDER EQUALITY 8 DECENT WORK AND ECONOMIC GROWTH People Development OUR BUSINESS CORE = AFFORDABLE NUTRITION Profit-Purpose Alignment Product Affordability & Accessibility Product Development & Innovation Food Quality & Safety Healthier Products Sodium Reduction Calcium, Iron & Vitamin C Fortification Natural Resource Efficiency Freshwater Consumption Reduction Energy Consumption Reduction Environmental Impact Management Greenhouse Gas Emission Reduction Plastic Neutrality Landfill Waste Reduction Supply Chain Management Supplier Credibility Local Sourcing Tuna Sustainability Employees Diversity & Inclusion Talent Development Employee Engagement Workplace Safety Community Job Creation Nutrition Delivery Nutrition Education Livelihood Support 16 AND STRONG PEACE, JUSTICE INSTITUTIONS Good Governance 37#62Sustainability Framework 37 Protein Delivery OUR BUSINESS CORE = AFFORDABLE NUTRITION Profit-Purpose Alignment Healthier Products Improve the nutrition profile of key products by reducing sodium and fortifying with calcium, iron, and vitamin C Planet Preservation Natural Resource Efficiency Reduce freshwater consumption in Mindanao plants by 30% within three years Lower energy consumption across various manufacturing facilities Environmental Impact Management Reduce greenhouse gas emissions through increased use of solar energy; Carbon neutrality for the coconut business by 2028 Maintain 100% plastic neutrality (third-party verified) for total business, and reduce other landfill waste Supply Chain Management Institutionalize Supplier Code of Conduct and Ethics Improve efficiency and reduce spoilage of local partner farmers to increase yield Tuna Sustainability Maintain best-in-class tuna sustainability practices People Development Employees Improve diversity, especially at the Senior Management level Provide proper training, fill in critical roles through internal promotions, and retain talent Baseline, monitor, and increase employee engagement scores Enhance workplace safety, especially in our manufacturing facilities Community Generate jobs, especially in low-income communities Deliver free meals to school children through feeding program Carry out proper nutrition education across communities we support Provide livelihood assistance to farmers and fisherfolk of General Santos, Lanao, Saranggani, and Zamboanga#63Latest Sustainability Projects Protein Delivery EF OMEGA DHA Century Easy Open Argentina CORNED BEEF Zinc fron 100% VEGAN ЦИМЕАТ meat-free BURGER PATTIES Serving Sugges Flakes in Oil 150 Roll out healthier formulation of top SKUs Century Tuna Flakes in Oil and Argentina Corned Beef, reducing its sodium content by at least 20% in 2021 63 17g PROTEIN Net W 226 113+21 Seving we High in Fiber High Some of Plot Introduce "UnMeat", a healthy meat alternative made with non-GMO plant-based ingredients, making plant-based products affordable and accessible to Filipinos 37#64Latest Sustainability Projects Planet Preservation Source 20% of power requirements in General Santos through solar energy and reduce emissions by around 123,900 metric tons Support coconut replanting by providing coconut farmers 100,000 coconut seedlings a year for the next five years, sequestering about 416,680 metric tons of emissions over the next eight years, and allowing our coconut subsidiary to be carbon neutral by 2028 PLASTIC CREDIT EXCHANGE Continue 100% plastic neutrality initiative through recent partnership with Plastic Credit Exchange for plastic offsetting, including third-party verification and certification of this activity 64 37#65Latest Sustainability Projects People Development Provide seedlings and engage with coconut farmers as partner suppliers for coconut requirements, augmenting the income of 16,000 families 65 Provide free meals to communities via Kain Po program, with over 30 million free meals already distributed 555 655 15559 1563 555 555 Contribute assorted food packs for COVID-19-related initiatives, with close to 5 million to be delivered by year end 37#66About Tuna There are different species of tuna. Bluefin Albacore 84% of worldwide tuna stocks are in healthy states. Share 100% 50% Healthy Yellowfin Bigeye Skipjack We use skipjack tuna from the Western Pacific Ocean where stock is 100% healthy. ABUNDANT and can reproduce year- round in tropical and subtropical waters FAR FROM BEING OVERFISHED even in the future 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source: ISSF "Status of the World Fisheries for Tuna" and "Status of the Stocks," November 2020 66 BEING MEASURED to limit catching of non-skipjack species#67About ISSF Century Pacific remains a committed member of global initiatives that address sustainability issues, particularly those involving tuna supply. In particular, its on-going membership in the International Seafood Sustainability Foundation (ISSF), through wholly-owned subsidiary General Tuna Corporation, requires strict compliance to all ISSF conservation measures. ISSF engages MRAG Americas to conduct an audit of this performance against conservation measures and commitments in force in 2015. MRAG's latest 2019 audit showed General Tuna Corporation as fully compliant with all measures. Available for download here: https://tinyurl.com/ISSF-Audit-Report-2019 FULLY COMPLIANT WITH 21 OF 21 APPLICABLE ISSF CONSERVATION MEASURES 1) Tuna Regional Fisheries Management Organizations (RFMO) Authorized Vessel Record 2) RFMO Participation 3) Product Traceability 4) Quarterly Data Submission to RFMO 5) Shark-Finning Policy 6) Prohibition of Transactions with Shark-Finning Vessels 7) Prohibition of Transactions with Companies without a Public Policy Prohibiting Shark Finning 8) Large-scale Pelagic Driftnets Prohibition 9) Full Retention of Tunas 10) Skippers Best Practices. 11) Transactions with Vessels that Use Only Non- Entangling Fish Aggregating Devices (FADs) 12) Unique Vessel Identifiers (UVI)- International Maritime Organization (IMO) 13) Purse Seine Unique Vessel Identifiers 14) Observer Coverage 15) Transshipments 16) Illegal, Unreported and Unregulated (IUU) Fishing 17) IUU Product Response 18) Transaction Ban for Large- Scale Purse-Seine Vessels not Actively Fishing for Tunal as of December 31, 2012 19) Purchases from Purse Seine Vessels in Fleets with Other Vessels Not in Compliance with ISSF Conservation Measures 6.1 and 6.2(a) 20) Registration of Controlled Vessels 21) Purchases from Proactive Vessel Register (PVR) Vessels 67#6892 Other Highlights STOCK & INVESTOR RELATIONS HIGHLIGHTS#69Stock Highlights MARKET CAPITALIZATION $0.8B $1.3B Philippine CNPF Consumer Average PER 15.2x 19.0x December 2015 Novmeber 2020 PBV 2.8x 3.3x AVERAGE DAILY VALUE TRADED ROE 19.8% 13.7% $0.2M $0.9M Operating Margin* 12.5% 10.5% Net Income Margin* 7.8% 6.5% 2015 Last Three Months Source: BPI Securities 2020 Estimates as of 20 November 2020 *Bloomberg, trailing 12 months STOCK PRICE PERFORMANCE PHP/SHARE 20.00 15.00 10.00 (BLOOMBERG TICKER: CNPF PM) 93% Since IPO Magy 5.00 May-14 Nov-14 May-15 Nov-15 May-16 Nov-16 May-17 Nov-17 May-18 Nov-18 May-19 69 Nov-19 May-20 Nov-20#70Stock Highlights DIVIDEND HISTORY SHAREHOLDERS** 40% 0.5 40% Others, 21% 0.45 First State Investments ICVC, 1% 0.4 28% 0.35 24% 24% 25% 30% 23% 0.3 0.18 0.25 0.2 JP Morgan Chase & Co, 1% 20% Franklin Resources Inc., 2% Royal Bank of Canada, 2% 0.15 0.10 0.10 0.08 0.08 0.08 10% 0.1 GIC Private Equity, 4% 0.18 0.05 0.10 0.10 0.10 0.10 0.10 0 0% 2015 2016 2017 2018 2019 2020 Regular Cash Special Cash -Payout Ratio* Free Float Level: 31% Foreign Ownership Limit: 100% Century Pacific Group, Inc. (CPGI), 69% • • Wholly owned by the Philippines' Po family Majority shareholder of PIZZA PM and ALCO PM Declaration Date Record Date Payment Date 2015 June 30 July 30 2016 August 25 June 15 July 15 August 10 2017 June 30 July 28 August 23 2018 July 3 July 17 2019 August 8 July 1 July 31 2020 June 30 July 30 50% Stock Dividend *Of previous year's net income **Source: Bloomberg, November 2020 3 June 2016 15 July 2016 August 16 August 14 10 August 2016 70#71Investor Relations Highlights Current Price PHP17.70 SELL-SIDE ACTIVE COVERAGE** Institution 52-Week Range PHP9.53-18.48 Abacus BDO Nomura Analyst Frederick Chua Latest Call BUY Diane Go BUY YTD Average Turnover* USD0.5 million BPI CLSA Miguel Sevidal BUY Market Capitalization PHP62.70 billion USD1.30 billion Joyce Ramos BUY COL Financial Justin Cheng BUY Free Float 31% Credit Suisse First Metro DBS Hazel Tanedo OUTPERFORM YTD Absolute Performance* +16.7% HSBC Macquarie YTD Relative to Index* +26.0% Maybank ATRKE PNB Mark Angeles Shuo Han Tan Karisa Magpayo Fredrick De Guzman BUY BUY OUTPERFORM Regis Jefferies YTD Relative to Sector* +21.4% 3-Month Absolute Performance* +8.0% Member: Philippine Stock 3-Month Relative to Index* -11.4% 3-Month Relative to Sector* *As of 20 November 2020 **At least one research report published in the past 12 months as of 20 November 2020 Alvin Arogo Carissa Mangubat Abacus Securities Corporation BDO NOMURA BPI CLSA O We find ways COL FINANCIAL CREDIT SUISSE PHILIPPINES FirstMetro DBS HSBC -8.5% Metrobank Group Maybank ATR Kim Eng PNB 71 MACQUARIE REGIS Jefferies ☑ PARTNERS BUY OUTPERFORM BUY#72Investor Relations Highlights Investor Conferences Maybank Kim Eng- Mizuho ASEAN Consumer Seminar November 27 (Virtual) *Schedule updated as of 20 November 2020 72 2019 Glossy Annual Report CENTURY PACIFIC FOOD, INC #The Filipino Can WINNER HALLBARS SUSTAINABILITY REPORTS AWARDS 2020 International Winner (Diversified Industrial Food Category), National Winner for the Philippines (Diversified Industrial Food Category & Family Corporations Category) 2020 CNPF's 2019 Glossy Annual Report can be found on the Company's corporate website. Investor Relations > Investor Presentations & Reports https://tinyurl.com/CNPF-Annual-Report-2019#73Award Highlights Stock & Investor Relations Milestones ASSET ASIAN A THE Asset AWARDS TRIPLE A Initial Public Offering Best Deal in the Philippines 2014 MSCI Philippine Small Cap Index 2016 FinanceAsia Philippines' Third Best at Investor Relations 2018 IR magazine Certificate for Excellence in Investor Relations 2018 Institutional Investor Philippines' Third Best Investor Relations Professional 2018 Philippines' Best Investor Relations Program, Best Investor Relations Team, Best Investor Relations Professional (Giovanna Vera), Best ESG 2020 FTSE Russell Small Cap & All Cap Indices Asia Pacific 2017 IR magazine Award winner South East Asia 2019 Best Overall Investor Relations (Small Cap), Rising Star (Giovanna Vera), Best Investor Relations Officer Finalist (Small-Mid Cap) 2019 cfi.co AWARDS 2020 Philippines' Best ESG Mid-Cap Company 2020 73#74This document is highly confidential and being given solely for your information and for your use and may not be, or any portion thereof, shared, copied, reproduced or redistributed to any other person in any manner. The statements contained in this document speak only as of the date which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or to correct any inaccuracies in any such information which may become apparent. This presentation contains statements, including forward-looking statements, based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements in particular involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward- looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements. Any reference herein to "the Company" shall mean, collectively, Century Pacific Food, Inc. and its subsidiaries. CENTURY PACIFIC FOOD, INC. CNPF iR Ortigas Center, Pasig City, Philippines [email protected] +632 8633 8555 www.centurypacific.com.ph http://edge.pse.com.ph in www.linkedin.com/company/century-pacific-food-inc-/ f www.facebook.com/CenturyPacific Foodlnc