Annual Stockholders Meeting May 12, 2014 President s Report 2013 Results of Operations 1
2013 GDP Growth Philippines +7.2% Thailand +2.9% Malaysia +4.7% Singapore +4.1% Indonesia +5.8% Source: Bangko Sentral ng Pilipinas, Bloomberg
Resilient Philippine Economy GDP Composition 10.20% Consumer Spending 20.40% 69.40% Investments Government Spending Source: Bangko Sentral ng Pilipinas
11.0 Resilient Philippine Economy +15.0% 16.0 +10.5% 13.6 In USD Billion BPO Revenues: USD 16 billion Manufacturing Sector: +10.5% growth In PHP Billion 1,324 1,395 1,542 2011 2012 2013 2011 2012 2013 Source: Bangko Sentral ng Pilipinas, IBPAP
Resilient Philippine Economy Strong Economic Indicators
Resilient Philippine Economy 2013 OFW Remittances: USD 23.0 billion +7.4% 23.0 21.4 20.1 In USD Billion Source: Bangko Sentral ng Pilipinas 2011 2012 2013
Resilient Philippine Economy Average exchange rate: Php 42.4 45.1 43.3 42.2 42.4 USD/PHP 2010 2011 2012 2013 Source: Bangko Sentral ng Pilipinas
Resilient Philippine Economy Average annual inflation: 3.0% 4.6% 3.2% 3.0% 2011 2012 2013 Source: Bangko Sentral ng Pilipinas
Resilient Philippine Economy Average 91-day Treasury Bill Rate: 0.32% 1.58% 1.37% 2011 2012 2013 Source: Bangko Sentral ng Pilipinas 0.32%
2013 Sector Performance
In PHP millions 2013 Sector Performance 8,000,000 BANKING SECTOR 7,000,000 6,000,000 +36% Deposits 5,000,000 4,000,000 3,000,000 Loans +16% 2,000,000 2010 2011 2012 2013 Source: Bangko Sentral ng Pilipinas, Philippine Deposit Insurance Corporation
2013 Sector Performance PROPERTY SECTOR Average annual Housing DEMAND 600,000 units 200,000 units Average annual Housing SUPPLY 2010-2014 Source: Housing and Urban Development Coordinating Council
2013 Sector Performance PROPERTY SECTOR 5,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000-500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - Total space absorbed Annual absorption BPO office space take-up Source: Colliers, Macquarie
2013 Sector Performance 165,194 units AUTO SECTOR 182,779 units 208,494 units +14% Growth Drivers: Affordable car loan interest rates Motorization of the Philippine Economy 2011 2012 2013 Source: CAMPI, AVID
2013 Sector Performance INSURANCE SECTOR 169.8 +41% 120.3 56.9 57.2 70.7 86.4 In PHP billion 2008 2009 2010 2011 2012 2013 Combined Life and Non-Life Gross Premiums Source: Insurance Commission
2013 Sector Performance POWER GENERATION SECTOR Sector performance tempered by string of devastating natural calamities 1,959 transmission facilities and 17 electric cooperatives in the Visayas Grid severely damaged Source: Department of Energy, National Disaster Risk Reduction and Management Council
In PHP Billion In PHP Billion In PHP Billion In PHP Billion In PHP Billion GT Capital Financial Highlights Revenues +359% 23.0 105.5 Consolidated Net Income +31% 6.6 8.6 2012 2013 2012 2013 Core Net Income EBITDA Assets +34% 5.4 7.2 +68% 11.4 19.2 +40% 137.0 192.4 2012 2013 2012 2013 2012 2013
Component Companies FY2013 Financial Highlights
In PHP Billion Total Assets Php 1.4 T Return on Equity 17.8% +46% Net Income 15.4 22.5 Net Interest Margin 3.9% 2012 2013
In PHP Billion In PHP Billion 2012: 65,396 units 2013: 75,587 2013 Sales Volume : +16% 36% Market Share Net Income +50% +10% 4.3 2.9 Revenues 72.6 80.0 2012 2013 2012 2013
Toyota Motor Philippines No.1 in: Passenger Car Sales Commercial Vehicle Sales Overall Sales Triple Crown awardee for the past 12 consecutive years
http://kidlat.pagasa.dost.gov.ph/cab/climate-final-2.jpg Unusually colder climate, shorter dry season during first half of 2013
Super Typhoon Yolanda 7.2 Magnitude Earthquake Visayas Power Grid
In PHP Billion In PHP Billion Total Installed Capacity 622 MW Net Income Net Fees (Revenue) 2.2-12.5% 1.9 19.2-12.0% 16.9 2012 2013 2012 2013
In PHP Billion In PHP Billion Reservation Sales: Php 13.9 B Unit Sales: 2,199 units 5 New Projects Net Income Revenues +90% 0.5 1.0 +38% 5.7 7.9 2012 2013 2012 2013
In PHP Billion In PHP Billion Annualized Premium Equivalent: Php 3.6 billion +31% Gross Premiums Net Income +49% +30% 12.3 18.3 0.9 1.2 2012 2013 2012 2013
In PHP Billion In PHP Billion Established in 1960 54 Years in Operation Gross Premiums Net Income +21% 2.9 3.5 0.22-12% 0.19 2012 2013 2012 2013
Strategic Acquisitions
Strategic Acquisitions 17 January 2013 Increased Direct Ownership from 36% to 51%
Strategic Acquisitions 07 October 2013 Direct Ownership of 66.7%
Strategic Acquisitions 18 December 2013 Direct Ownership of 40.7%
In PHP Billion In PHP Billion Market Share 12% Revenues Net Income +19% 7.9 9.4 +9% 0.10 0.11 2012 2013 2012 2013
Further Consolidation in 2014 Increased 17 direct January ownership 2013 from 66.7% to 100% (January) Increased direct ownership from 40.7% to 60% (March) Acquired 89.1% direct ownership (March)
Current GT Capital Components 100% 100% 89.1% 60% 51% 50.9% 25.3% 25.1%
Private Equity Placement January 2013 Php14.3 B Php620/share 3x Oversubscribed Free Float: 40% Corporate Initiatives
Corporate Initiatives Maiden Retail Peso Bond Issuance February 2013 PHP10.0 B 7 and 10-years Triple-A rating
2013 Milestones Included in the Philippine Stock Exchange Index September 2013 Met the following criteria: 1. Full market capitalization 2. Daily trading value 3. Free float percentage
Branch Expansion North America 1 Branch 8 Subsidiaries Europe 1 Subsidiaries Middle East 59 Remittance Correspondents (52 non middle east) Rest of Asia-Pacific 5 Branches 15 Subsidiaries and 2 Representative Offices Philippines Global branch network 632 224 Metrobank branches PSBank branches Local: 856 branches* International: 6 branches Total: 862 branches *of which 28 branches opened in 2013 Largest consolidated domestic branch network 856 branches Supplemented by almost 2000 ATMs
New Models Mix Full Model Change Corolla ALTIS Newly Introduced Toyota WIGO Full Model Change Toyota YARIS
Strategic Investments
Completion of Projects
Introduction of New Products
Completion of New Power Plant Toledo Power Company (TPC) 82-megawatt Expansion Toledo City, Cebu
New Expansion Panay Energy Development Corporation (PEDC) 150-megawatt Expansion Iloilo City, Panay
SHIFTING TO HIGHER GEAR, MAXIMIZING SYNERGIES
Thank you!