39 23 HOUSING SUBDIVISIONS OFFICE DEVELOPMENTS (from 38 as of end - PowerPoint PPT Presentation

1H CY2020 Earnings Call Presentation Robinson s August 7, 2020

BUSINESS PORTFOLIO 52 79 LIFESTYLE CENTERS RESIDENTIAL BUILDINGS (from 51 as of end 1H CY2019) (from 75 as of end 1H CY2019) 39 23 HOUSING SUBDIVISIONS OFFICE DEVELOPMENTS (from 38 as of end 1H CY2019) (from 20 as of end 1H CY2019) 19 20 MIXED-USE DEVELOPMENTS HOTELS (from 19 as of end 1H CY2019) (from 19 as of 1H CY2019) 3 2 work.able CENTERS INDUSTRIAL FACILITY (from 1 as of 1H CY2019) (from 2 as of 1H CY2019) 2

DIVERSIFIED BUSINESS MODEL PROVIDES RESILIENT CASH FLOW EBITDA (in Php Bn) REVENUES (in Php Bn) Investment Investment Portfolio Portfolio 30.58 -25% YoY -18% YoY 29.56 17.25 Development 16.35 Development 22.52 Portfolio Portfolio +3% 12.48 69% +59% YoY 62% +1% +83% YoY 15.43 15.03 82% 74% 8.11 8.19 71% 49% 85% 67% 67% 82% 38% 31% 51% 29% 26% 33% 18% 33% 15% 18% 34% CY17 CY18 CY19 1H CY2019 1H CY2020 CY17 CY18 CY19 1H CY2019 1H CY2020 NET INCOME (in Php Bn) EBIT (in Php Bn) Investment Investment Portfolio Portfolio -33% YoY -32% YoY 8.69 12.28 11.89 8.22 Development Development Portfolio Portfolio 8.56 5.88 +49% YoY +85% YoY -8% 75% -2% 63% 66% 70% 76% 5.74 4.01 3.68 5.62 70% 54% 70% 70% 80% 78% 30% 70% 51% 24% 75% 52% 30% 46% 37% 34% 30% 22% 25% 48% 49% 30% 30% 20% 25% CY17 CY18 CY19 1H CY2019 1H CY2020 CY17 CY18 CY19 1H CY2019 1H CY2020 Note: Unaudited financial numbers Investment Portfolio Development Portfolio 3

SOLID AND HEALTHY FINANCIAL POSITION RLC has a sound financial position and capital base, and exhibits prudence in debt management TOTAL ASSETS SHAREHOLDERS’ EQUITY (in Php Bn) (in Php Bn) 209.1 101.4 100.1 189.7 93.9 174.2 CY2018 CY2019 1H CY2020 CY2018 CY2019 1H CY2020 NET DEBT TO EQUITY EARNINGS PER SHARE ₱1.67 ₱1.62 37% 36% 33% ₱0.71 CY2018 CY2019 1H CY2020 CY2018 CY2019 1H CY2020 Note: 1H unaudited financial numbers 4

FINANCIAL PERFORMANCE HIGHLIGHTS Net income decreased by 8% YoY to Php3.68 Bn REVENUE EBIT EBITDA % to % to (I N P HP M N ) 1H CY2020 YoY 1H CY2020 YoY 1H CY2020 YoY % to RLC RLC RLC 15,429 8,186 5,619 TOTAL RLC 100% 3% 100% 1% 100% -2% 3,777 2,707 851 MALLS -42% 33% -37% 15% -66% 25% 2,945 2,605 2,154 23% 32% 30% 38% 34% 19% OFFICES 660 95 -113 -39% 1% -68% -2% HOTELS 4% -175% 7,861 2,688 2,662 66% 32% 100% 48% 103% RESIDENTIAL 51% - - -25 -25 CHINA - - -6% - -6% 186 116 90 IID 1% -41% 2% -33% 1% -46% Note: Unaudited financial numbers 5

COMMERCIAL CENTERS DIVISION ▪ 2 nd largest mall operator in the REVENUES (Php Mn) Philippines with 52 malls nationwide, 9 within Metro Manila and 43 in other -42% urban areas 6,496 ▪ 1,519,840 sqm in Gross Leasable Area 3,777 ▪ 2,989,322 sqm in Gross Floor Area 1H CY19 1H CY20 ▪ 94% latest system-wide occupancy EBITDA (Php Mn) ▪ Over 8,000 retailers Partners -37% 4,308 2,707 1H CY19 1H CY20 EBIT (Php Mn) -66% 2,528 851 6 1H CY19 1H CY20

April – June 2020 Mall Data 1. Operational GLA 2. Operational No# of Tenants vs Pre- COVID 80% 68% 90% 70% 62% 77% 80% 60% 64% 70% 50% 60% 40% 50% 40% 30% 20% 30% 20% 20% 6% 10% 10% 0% 0% Apr-20 May-20 Jun-20 Apr-20 May-20 Jun-20 Note: Item no# 1 is versus 100% operational GLA 3. Footfall Comparison vs Same Period Last Year 25% 20% 20% 15% 10% 10% 5% 5% 0% Apr-20 May-20 Jun-20 7

OFFICE BUILDINGS DIVISION REVENUES (Php Mn) ▪ A leading IT-BPM office space provider +23% with 592,000 sqm net leasable space 1,124 ▪ Total lease percentage for our 23 865 2,945 2,400 office developments is 95% ▪ Dominant office landlord in the 1H CY19 1H CY20 Ortigas Central Business District EBITDA (Php Mn) +30% Partners 2,605 2,010 1H CY19 1H CY20 EBIT (Php Mn) +34% 2,154 1,606 1H CY19 1H CY20 8

Derived from the words work and enabler, work.able is a community of forward thinkers, offering flexible workspace solutions to clients - private offices, hotdesks, meeting rooms and events spaces. ORTIGAS CENTER Cyberscape Gamma Topaz and Ruby Roads, Ortigas Center, Pasig City Private Office Date opened: December 2018 Co-working Area No. of private office seats: 310 seats QUEZON CITY Exxa & Zeta Towers Bridgetowne, C-5 Road, Ugong Norte, Quezon City Town Hall Date opened: November 2019 Co-working Area No. of private office seats: 277 seats

HOTELS AND RESORTS DIVISION ▪ Multi-branded, continuously expanding REVENUES (Php Mn) hotel portfolio spanning 4 segments – essential service value hotels, mid- -39% market boutique city and resort hotels, upscale international deluxe hotels and 1,080 660 luxury hotels and resorts ▪ 20 hotel properties with 3,040 rooms 1H CY19 1H CY20 operational across all segments EBITDA (Php Mn) International Brands -68% 301 95 Company-owned Brands 1H CY19 1H CY20 EBIT (Php Mn) -175% 150 -113 1H CY19 1H CY20 10

RESIDENTIAL DIVISION REALIZED REVENUES (Php Mn) NET SALES TAKE-UP (Php Mn) 9,651 +66% 560 -52% 7,861 4,668 9,091 535 4,738 4,133 1H CY19 1H CY20 1H CY19 1H CY20 EBITDA (Php Mn) EBIT (Php Mn) +100% +103% 2,688 2,662 1,344 1,315 11 1H CY19 1H CY20 1H CY19 1H CY20

RESIDENTIAL PROJECT LAUNCHES The Sapphire Bloc South Location: Pasig City Launch Date: Jan. 2020 No. of Units: 665 Sales Value: P6.0 Bn Sales Take-up: 25% (as of June 30) 12

RESIDENTIAL PROJECT LAUNCHES Sierra Valley Gardens 1 & 2 Project: Sierra Valley Garden 1 Project: Sierra Valley Garden 2 Location: Cainta Location: Cainta Launch Date: Jan. 2020 Launch Date: Mar. 2020 No. of Units: 383 No. of Units: 383 Sales Value: Php 1.5 Bn Sales Value: Php 1.8 Bn Sales Take-up: 96% (as of June 30) Sales Take-up: 9% (as of June 30) 13

IID – INVESTMENT PORTFOLIO REVENUES (Php Mn) Industrial Facility – RLX Calamba +97% 112 57 1H CY19 1H CY20 EBITDA (Php Mn) +1,064% 52 5 Location Laguna 1H CY19 1H CY20 GLA 38,336 sq.m. EBIT (Php Mn) Property Type Warehouse Completion Dec. 2019 +1,038% 25 9 -3 14 1H CY19 1H CY20

IID – DEVELOPMENT PORTFOLIO REVENUES (Php Mn) Bridgetowne Estate -71% 257 74 1H CY19 1H CY20 EBITDA (Php Mn) -62% 168 64 1H CY19 1H CY20 EBIT (Php Mn) Location: Pasig City and Quezon City Size: 30.62 Hectares -62% 168 64 1H CY19 1H CY20 15

CHENGDU BAN BIAN JIE PROJECT CHENGDU BAN BIAN JIE We have repatriated $75 M out of our initial capital in Chengdu Group 2/5/6 Ban Bian Jie Ji Plot Location Tou town, Wuhou District Plot Area 8.5 hectares Plot Ratio 2.6x Gross Floor Area 220,000 sqm Planned Development Mainly residential RMB 1.31 B Total Land Price* (USD 207.36 M; PHP 9.63 B) Acquired from government Nature of Acquisition through public auction * Excludes transactional fees Note: USD/RMB = 6.3561 and RMB/PHP = 7.31 as of 05 Oct 2015 16

CHENGDU BAN BIAN JIE PROJECT CD BBJ Sales as of June 30, 2020 Particulars No. of Units Sold Units % Sold Total Sold (in RMB mn) Condos 1,359 1,359 100.0% 2,207 Townhouses 64 64 100.0% 207 Shophouse 72 44 61.1% 49 Carparks 2,511 373 14.9% 47 Total 2,510 Future Inventory Particulars No. of Units Condos 134 Townhouses 104 Shophouse 68 Carparks 124 17

ROBUST GROWTH PROSPECTS CAPITAL EXPENDITURE (Philippines) in Php Mn Capital expenditure program in line with overall corporate strategy 25,398 23,376 22,507 Investment Capex 24,000 10,769 16,984 Development Capex 10,658 16,202 13,245 Land Acquisition 7,555 10,769 3,251 9,056 7,404 3,528 3,849 4,059 9,467 4,244 5,734 5,574 1,166 4,798 1,971 2,179 CY2015 CY2016 CY2017 CY2018 CY2019 CY2020B 1H CY2020 LAND BANK as of 31 March 2020 (Philippines) RLC will continue to scout for strategic land bank across the country In Php Bn AREA In Has. ESTIMATED VALUE Metro Manila Metro Manila 26 20.6 Luzon 554 Luzon 17.9 Visayas 130 Visayas 6.2 Mindanao 78 Mindanao 3.3 TOTAL 788 TOTAL 48.0 18

F UTURE P LANS +4% +5% +0% 1,642 1,573 1,573 1,502 GLA (thousand sqm) CY2018 CY2019 CY2020 CY2021 -Dumaguete Exp. Ph. 1 -RP Ormoc -RP Galleria South -La Union -RP Pavia -RP Magnolia Exp. -RP Antipolo Exp -RP Tuguegarao -Starmills Exp. Ph. 1 -Gapan -RP Valencia +7% +14% 721 +13% 676 592 523 NLA (thousand sqm) CY2018 CY2019 CY2020 CY2021 -Delta Tower 2 -Cybergate Iloilo 1 -Exxa Tower -Cybergate Magnolia -BTS Luisita 3 -Cybergate Galleria Cebu -Zeta Tower -Giga Tower -Bridgetowne -Cybergate Bacolod 2 -Cyberscape -Luisita 2 East Campus Gamma -Cyber Omega 19

F UTURE P LANS +10% +17% 4,108 +2% 3,732 +14% No. of Hotel rooms 3,129 3,188 2,736 -Dusit Thani Mactan Cebu -GoH Naga *5 GoH -Goh Tuguegarao Franchises -Summit Naga -Summit Greenhills CY2018 CY2019 CY2020 CY2021 CY2022 • Fili Urban - Dusit Thani - Summit Naga -Summit Tacloban -Dusit Thani (remaining rooms) - GOH Naga Resort Cebu -GoH Iligan Mactan Cebu -Summit - GOH Tuguegarao - Westin Sonata Greenhills - Summit GenSan +31% Sales Take-Up +78% 20,055 GLA (thousands sqm) +49% 167 15,318 +22% +18% +133% 94 10,255 8,723 77 4,668 33 CY2016 CY2017 CY2018 CY2019 1H CY20 CY2018 CY2019 CY2020 CY2021 -RLX Calamba 2 -RLX Sucat 2 -RLX Sucat -RLX Calamba -RLX Mexico -RLX San Fernando 20