#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 I. Company Profile II. 9M2023 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#4Company Profile • One of the leading integrated property developers in Southeast Asia Kil Market Capitalization US$15.92bn 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 PSE Stock Symbol Market Capitalization (November 06, 2023) PHP895bn Outstanding Shares 28,879mn SHI Last Traded Price (November 06, 2023) 30-Day Average Volume SMPH Php31.00/share 6.91mn#59M2023 Financial Highlights • Consolidated net income went up by 37% to PHP30.13 billion in 9M2023 from PHP22.01 billion in 9M2022. Consolidated revenues reached PHP92.60 billion, 26% increase from PHP73.67 billion in the same period being reviewed. Revenue Contribution: Malls Business accounts for 57%, Residential Business accounts for 33%, Other Business Segments account for 10%. . • Malls revenues reached PHP52.49 billion in 9M2023, 37% higher than PHP38.24 billion in 9M2022. Primary residential business, led by SM Development Corporation (SMDC), reported PHP28.67 billion revenues, 10% higher than last year's PHP26.07 billion SMDC's reservation sales recorded PHP89.27 billion, 6% higher than PHP83.93 billion of the previous year. SM Prime's other business segments, which include offices, hotels, and convention centers, registered PHP9.54 billion in revenues, a growth of 33% from last year's PHP7.16 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 9M2023 Operating Highlights • . Total Revenues is PHP52.49 billion, 37% higher than PHP38.24 billion Operating Income is PHP28.06 billion, 38% up from PHP20.39 billion Total Investment Properties of PHP338.64 billion Residences 9M2023 Operating Highlights • • . Total Revenues is PHP30.58 billion, 8% up form last year's PHP28.28 billion Operating Income reached PHP12.49 billion, up by 11% from last year's PHP11.24 billion Total Assets amounted to PHP342.18 billion Offices 9M2023 Operating Highlights Total Revenues is PHP4.94 billion, 14% increase from last year's PHP4.35 billion Operating Income is PHP3.31 billion, up by 5% from PHP3.16 billion Total Investment Properties amounted to PHP93.73 billion Hotels & Convention Centers 9M2023 Operating Highlights . Total Revenues is at PHP4.60 billion, 64% higher than PHP2.81 billion Operating Income rose by 360% to PHP1.14 billion from PHP0.25 billion Total Investment Properties of PHP14.56 billion SHI#13At a Glance . • Lifestyle Cities in Metro Manila SM Prime has eleven (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 EDSA, Mandaluyong City Mall Mall Residential Residential Office Convention Center Marikina Manila Manila San Juan Mandaluyong Pasay Mall Residential Offices Hotel Convention Center Arena Pastg Makati Makati Pasay Pateros Tagula Taguig Taguig City Mall Residential Offices Convention Center Los Pin Las Piñas Parañaque Parañaque SHI Muntinlupa 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. Zambales Olongapo, Zambales Mall Convention Center Clark, Pampanga Mall Offices Hotel Convention Center Marilao, Bulacan Mall Residential Pampange Taytay, Rizal Mall Residential Office Bulacan Rizal Trece Martires, Cavite Mall Residential Cavite Laguna Sta. Rosa, Laguna Mall Residential Office Iloilo City, Iloilo Mall Residential Offices Hotel Bacolod City, Negros Occ. Mall Residential Hotel Convention Center Iloilo Seaside City, Cebu Mall Convention Center Arena (soon) Bacolod 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 9M2023) Revenue PHP52.49bn Operating Income PHP28.06bn Gross Floor Area 10.8M* sqm Malls 85* in PH and 8 in CH *As of October 31, 2023#16Key Business Units Malls PHILIPPINES 85* Malls 9.2M* sqm Total GFA 20,029 Tenants CHINA 8 Malls 1.6M sqm Total GFA 2,165 Tenants 0.3M Average Daily Pedestrian Count Average Daily 3.5M Pedestrian Count 2 382 Cinema Screens 88,043 Car Park Slots 69 Cinema Screens 18,114 Car Park Slots SM Prime is the largest mall operator/developer in the Philippines. *As of October 31, 2023 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 94% in terms of lease awarded. 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) **As of October 31, 2023 LUZON: 47 malls** GFA: 3.6M 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 Opened SM City Yangzhou last September 2023 Operates 8 malls with a total GFA of 1.6m sqm: . SM City Xiamen . SM City Jinjiang • SM City Chengdu . • SM City Suzhou SM City Chongqing SM City Zibo • SM City Tianjin SM City Yangzhou SHI SH SM City Xiamen SM SM City Tianjin SM City Yangzhou#19Key Business Units. Malls' Expansion Program SM CITY 2023 Malls Expansion 2023 New Malls Name SM City Bataan GFA (sqm) Name CITY 46,000 SM City Bacolod (Opened May 2023) SM Center San Pedro 31,000 SM City Iloilo (Opened October 2023) SM City Sto. Tomas 110,000 (Opened October 2023) • This 2023, SM Prime opened three new malls and will expand existing malls. • These added over 190,000 sqm of gross floor area in the Company's mall portfolio. ● Available landbank of almost 350 hectares which is good for over the next 5 to 7 years. SHI GFA (sqm) 6,000 2,000#20SHI Residences (As of 9M2023) Revenue PHP30.58bn Operating Income PHP12.49bn Reservation Sales PHP89.27bn Residential Units Launched (since 2013) PHP708bn / 181,669 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 31% of the consolidated revenues In 9M2023, 47% of buyers are Overseas Filipinos, 38% 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 9M2023) Ready-for-Occupancy (RFO) 4,256 (Unsold Units) Ongoing Construction (Unsold Units) 17,473 Estimated Inventory Value PHP141.94bn 9M2023 Reservation Sales (Value) PHP89.27bn 9M2023 CAPEX PHP20.80bn Landbank (hectares) Metro Manila 343 Outside Metro Manila 1,079 SHI Gold Residences, Paranaque City#23Key Business Units Primary Residences in Metro Manila • • As of September 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 PHP207.69bn 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 September 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. Pampanga Cavite Laguna SHI 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) 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 508 hectares In 9M2023, SM Prime launches Trealva and Highland Residences in Tagaytay Highlands and Ardea and Balea in Pico de Loro Cove. Trealva in Tagaytay Highlands SHI Ardea Suites in Pico de Loro Cove Balea Suites in Pico de Loro Cove#26HOME The good SHI Offices (As of 9M2023) Revenue PHP4.94bn Operating Income PHP3.31bn 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 105 hectares for future development SHI ThreeE-Com Center FourE-Com Center Five E-Com Center#28A CONRAD SHI Hotels & Convention Centers (As of 9M2023) Revenue PHP4.60bn Operating Income PHP1.14bn Hotels 9 Convention Centers 8 CV SO#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 September 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 S (As of 9M2023) Landbank 2,385ha 9M2023 CAPEX PHP72bn Net Debt to Equity 46:54#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 60 350 15% 24 326 Malls Primary Residences 93 1.422 60% 343 1,079 88 888 Leisure Homes 5 508 21% SHI 508 Commercial 22 105 4% 24 81 Total 180 2,385 100% 391 1,994#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. 100% 8% PHP58B PHP91B 6% PHP69B PHP60B PHP65B PHP75B PHP72B 8% 14% 90% 17% 18% 27% 80% 70% 51% 42% 52% 62% 41% 60% 47% 30% 50% 40% 30% 20% 41% 42% 44% 43% 40% 35% 32% 10% 0% 2017A 2018A SHI 2019A 2020A 2021A 2022A 9M23 ■Malls ■Residences Others#33Maintain Conservative Balance Sheet Interest Coverage Ratio* 7.56 Net Debt to Equity** 8.00 7.59 100% 7.00 90% 6.06 6.00 80% 40% 40% 44% 45% 46% 46% 5.33 4.61 70% 5.00 4.57 60% 4.00 50% 3.00 40% 2.00 30% 60% 60% 56% 55% 54% 54% 1.00 20% 10% 0.00 2018 2019 2020 2021 2022 9M23 0% 2018 2019 2020 Net Debt 2021 Equity 2022 9M23 *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 9M2023) Consolidated Net Income PHP30.13bn Consolidated Revenue PHP92.60bn Consolidated Operating Income PHP44.52bn EBITDA PHP53.93bn اشا#35Consolidated Financials Revenue Segment Contribution . Malls Business accounts for 57% of SM Prime's consolidated revenues. 100% 8% 8% 88 8% 8% 10% 10% 90% 80% • Residential Business accounts for 33%. 35% 38% 70% • Other Business Segments cover the rest. 33% 38% 58% 56% 60% 50% 40% 30% 57% 54% 20% 57% 52% 34% 36% 10% 0% 2018 2019 2020 2021 2022 9M23 SHI Malls Residences Other Business Segments#36Consolidated Financials Net Income Segment Contribution . Malls and Residences contributed the most among key business units. 100% 5% 9% 7% 11% 11% 12% 90% 80% 29% 33% 30% 26% 70% 60% 50% 40% 30% 62% 60% 70% 77% 62% 59% 20% 10% 25% 12% 0% 2018 2019 2020 2021 ■Malls Residences Other Business Segments SHI 2022 9M23#37Consolidated Financials Net income increased by 37% to PHP30.13 billion from PHP22.01 billion (In PHP Billion) 9M23 9M22 % Chg • Operating income went up by 29% to Revenue 92.60 73.67 26% PHP44.52 billion from PHP34.63 billion. • Consolidated revenue reached PHP92.60 billion, EBITDA 26% higher than PHP73.67 billion. 53.93 43.12 25% Operating Income 44.52 34.63 29% Net Income SHI 30.13 22.01 37%#38Financials Philippine Malls • Rental Income grew by 32% to PHP40.20 billion from PHP30.36 billion (In PHP Billion) 9M23 9M22 % Chg Revenues 47.85 33.85 41% • . Cinema, ticket sales, and other revenues went up by 119% to PHP7.65 billion from PHP3.50 billion Operating income reached PHP26.02 billion, 41% higher than PHP18.42 billion. Rent Income 40.20 30.36 32% - Cinema, Ticket 7.65 3.50 119% Sales, and others EBITDA 32.32 24.12 34% Operating Income 26.02 18.42 41% SHI#39Financials China Malls • SM Prime's China mall business operating income grew by 7% to RMBO.26 billion from RMBO.24 billion. (In RMB Billion) 9M23 9M22 % Chg Revenues 0.61 0.55 11% • China malls revenues went up by 11% to RMBO.61 billion from RMBO.55 billion - Rent Income 0.59 0.53 11% - Others 0.019 0.020 -3% EBITDA 0.44 0.41 8% Operating Income 0.26 0.24 7% SHI#40Financials Residences . SM Prime's residential business reported PHP30.58 billion in revenues, 8% higher than PHP28.28 billion. (In PHP Billion) 9M23 9M22 % Chg • SMDC's reservation sales reached PHP89.27 billion, 6% higher than PHP83.93 billion. Revenues EBITDA 30.58 28.28 8% 12.57 11.33 11% Operating Income 12.49 11.24 11% SHI#41Financials Other Businesses • Commercial Properties Group and Hotels and Convention Centers revenues cover 10% of the overall consolidated revenues. (In PHP Billion) 9M23 9M22 % Chg • . The Company's office business segment reported PHP4.94 billion revenues, 14% higher than PHP4.35 billion. SMPH's hotels and convention centers business segment recorded PHP4.60 billion in revenues, 64% higher than PHP2.81 billion. Revenues EBITDA 9.54 7.16 33% 6.04 4.75 27% Operating Income 4.45 3.41 30% SHI#42Consolidated Balance Sheet In PHP Million (except % data) Assets 9M2023 % to Assets 2022 % to Assets Cash and cash equivalents 35,929 4% 42,060 5% Equity instruments at fair value through other comprehensive income 21,096 2% 17,612 2% Receivables & Contract Assets 78,290 8% 82,560 9% Investment Properties 530,504 57% 489,266 56% Real Estate Inventories 77,233 8% 70,500 8% Other Assets Total Assets 189,538 21% 172,217 20% 932,590 100% 874,215 100% Liabilities and Stockholders' Equity Long-term debt and Loans Payable Accounts payable and others Total Liabilities 368,085 39% 352,397 40% 174,548 19% 156,666 18% 542,633 58% 509,063 58% Total Equity attributable to equity holders of the parent 387,622 42% 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 86%. SHI#43Cash Flow In PHP Million 9M23 2022 2021 2020 2019 2018 Cash Flows from Operating Activities Operating Income before Working Capital Changes 53,606 60,104 44,520 39,455 65,791 56,592 Net Cash provided by operations 44,899 34,933 30,667 17,190 51,728 45,964 Net Cash used in Investing Activities (51,397) (52,244) (44,114) (43,944) (48,615) (64,078) Net Cash provided by (used in) Financing Activities 304 19,686 22,624 22,818 (7,310) 12,633 Net Increase (Decrease) in Cash and Cash Equivalents (6,131) 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 35,929 42,060 39,776 30,662 34,600 38,766 Net gearing is equivalent to 46:54 in 9M2023, 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