Investor Presentaiton

Q1 2021 P&L PNB PNB Consolidated You first. (in PHP million) Interest Income Q1 2021 Q1 2020 % Change 10,387 12,562 -17.3% Interest Expense 2,150 3,734 -42.4% NET INTEREST INCOME 8,237 8,828 -6.7% Fee-Based and Other Income 2,846 3,474 -18.1% Net Service Fees and Commission Income 1,294 962 34.5% Other Income 1,552 2,512 -38.2% TOTAL OPERATING INCOME 11,083 12,302 -9.9% Admin and Operating Expense 6,687 7,241 -7.7% Income Before Provisions 4,396 5,061 -13.1% Provision for impairment and credit losses 2,095 3,356 -37.6% Provision for Income Tax 530 372 42.5% NET INCOME FROM CONTINUING OPERATIONS 1,771 1,333 32.9% NET INCOME FROM DISCONTINUED OPERATIONS 21 425% NET INCOME 1,792 1,337 34% Return on average equity (ROE) 4.68% 3.53% Return on average assets (ROA) 0.61% 0.49% Net Interest Margin (NIM Rate) 3.17% 3.33% Cost efficiency ratio 60.34% 58.86% Page 10

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