Investor Presentaiton

1Q 2020 GDP growth contracted by -0.2%, the first contraction since 1998 Contribution % of GDP 1Q 2020 1Q 2019 Difference to the -0.2% GDP Growth GDP Growth 100.0% -0.2% 5.7% -5.9% GDP by Expenditure Shares Consumer Spending 74.5% 0.2% 6.2% -6.1% 0.1% • Gov't. Spending 12.7% 7.1% 6.4% 0.7% 0.8% Investments Exports Imports 21.0% -18.3% 9.8% -28.1% -4.7% 30.3% -3.0% 4.2% -7.2% -1.0% 38.9% -9.0% 8.9% -17.9% -3.9% Services GDP by Industrial Origin 60.3% 1.4% 7.1% -5.7% 29.9% -3.0% 4.9% -7.9% 0.8% -0.9% 9.9% -0.4% 0.5% -0.9% -0.04% Industry Agriculture Source: Philippine Statistics Authority (PSA) Note: Using 2018 base year Latest GDP growth contraction was largely brought about by: Disruptions/shutdowns in production/output Supply chain disruptions locally and globally due to the enhanced community quarantine (ECQ)/ lockdown in Luzon and in other areas of Visayas and Mindanao in the final 2 weeks of March 2020. 14 RCBC

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