Investor Relations Highlights

The 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

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