Investor Presentaiton

Recession likely due to COVID-19 Pandemic Several industries hard-hit such as Travel & Services FORECAST Philippine GDP growth rate -2 to -4% From usual +6 to 7% • Philippine growth constrained in view of the stringent quarantine measures to contain the COVID-19 outbreak. • 1Q 2020 GDP contracted by -0.2%, first contraction since 1998 • At least Php1.7 to 2.1 trillion in total economic losses could completely erase the usual Philippine GDP growth of at least 6% under normal conditions (before COVID-19) for most of the recent years 13 RCBC

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