Presentation Presentation Outline I. Overview II. Financial - - PowerPoint PPT Presentation

SLIDE 1

Investor Presentation

April 2019

SLIDE 2

Presentation Outline

I. Overview II. Financial Highlights III. Ownership, Board and Management IV. Environmental, Social and Governance V. Awards and Citations

SLIDE 3

3

• The Philippines’ largest bank with total

assets of P3.0 Tn (USD57.5 Bn).

• A full-service universal bank with one of

the widest distribution networks consisting of more than 1,300 operating branches and over 4,000 ATMs nationwide.

• Part of the SM Group, one of the

country’s largest conglomerates.

About BDO

SLIDE 4

Milestones

• Expansion through organic growth and M&As

1967

KB license

1994

P77 BN

Merged with Dao Heng Bank Philippines

2001

P36 BN U/KB license

1996

Acquired 1st e-Bank’s banking business

P121 BN

2002

Acquired UOB Philippines’ branch banking business

P234 BN

2005

Acquired Rural Bank of San Juan’s banking business

P1.2 TN

2012 2014

Acquired Citibank Savings, DB Trust and Real Bank

P1.9 TN

Acquired One Network Bank

2015

Acquired by SM Group

1976

Assets P13 BN P617 BN

Merged with Equitable PCI Bank. Acquired Amex Savings Bank Philippines

2007

P2 TN

• Est. as Acme

Savings Bank

2003

Acquired Banco Santander Philippines

P149 BN

2016 2017

Joint Ventures with Nomura Securities, and Mitsubishi Motors Phils./Sojitz/JACCS; Acquired exclusive franchise of Diners Club Int’l and full control of Generali Pilipinas Life (renamed as BDO Life Assurance)

P2.3 TN

2008 2009

Acquired GE Money Bank

P862 BN P802 BN Full-Service Bank Strategy Niche Strategy #19 #17 #13 #9 #9 #5 #2 #1 Ranking Commercial Bank Expansion P2.7 TN

2018

P3.0 TN

2019

To acquire RB Pandi banking business

SLIDE 5

5

Full Service Bank

• Complete range of financial products and services

Corporate & Institutional Banking



Corporate and middle market lending



Trade finance



Specialized lending



Financial Institutions



Cross-border financing

Consumer Banking



Auto



Mortgage



Credit cards



Personal loans



Merchant payment processing

Leasing & Finance



Direct lease, sale and leaseback arrangements



Installment paper purchases



Receivable discounting and factoring

Branch Banking



Deposit & related products



Over-the- counter transactions



Cross-selling distribution platform

Treasury Services



Fixed income dealership



Foreign exchange transactions



Portfolio management



Liquidity management

Transaction Banking



Cash management



Electronic banking



ATMs



Prepaid cards



Merchant acquiring



Remittances

Trust Banking



Investment management



Unit investment trust funds



Living trusts



Retirement funds



Special trusts / custodianship

Private Banking



Wealth advisory



Customized portfolio management

Investment Banking



Underwriting & distribution of fixed income & equity securities



Fin’l advisory



Project finance



Loan syndication

Stock Brokerage



Equities trading



Online stock trading

Insurance



Brokerage (property & casualty)



Bancassurance (individual & group life insurance)

Rural Banking



Salary loans



MSME loans



Deposit products



Cash management



Remittances

SLIDE 6

Market Reach

• Wide and extensive coverage in key areas

24

International Offices

Europe - 9

9 Remittance Offices

Middle East - 1

Representative Office

Asia - 11

2 Full-service Branches 6 Remittance Offices 3 Representative Offices

North America - 3

Remittance Offices

Philippines - 1,319 Branches

As of 03 April 2019

BDO ONB Total Luzon 348 66 414 Metro Manila 579 1 580 Visayas 121 20 141 Mindanao 82 102 184 Total Branches 1,130 189 1,319

SLIDE 7

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Business Franchise

#1 Customer Loans #1 Deposits #1 Remittances #1 Assets Under Management #1 Private Banking Leading Trade Services Provider2 Major Player in Cash Management3 #1 Rural Banking #3 Leasing & Finance #1 Investment Banking4 #1 Insurance Brokerage5

• Market-leading positions in almost all business lines

#1 Credit Cards1

Notes: 1 In terms of cardholder base, merchant acquiring gross billings, and credit card receivables 2 According to Asian Banking and Finance, Global Finance 3 According to Alpha South East Asia, Asian Banking and Finance, The Asset 4 In terms of debt and equity capital markets corporate issuances, excluding banks’ stock rights offers 5 Among insurance brokers in terms of premiums produced and commissions earned

SLIDE 8

1,162 591 429 306 134 88 88 86 49 46

BPI MBT LBP CHIB PNB RCBC UCPB SECB UBP

8

Industry Ranking

Total Assets

(in PHP billions) Source: Company data, consolidated statements of condition (SOC). Ranking as at 31 December 2018 Note: Financials prepared by banks under BSP’s SOC requirements differ slightly from reported financials under SEC guidelines due to certain differences in accounting rules requested by the two authorities

Gross Customer Loans Customer Deposits Assets Under Management

• No. 1 among Philippine banks

(in PHP billions) (in PHP billions) (in PHP billions)

BDO Market Share – 19% BDO Market Share – 37% BDO Market Share – 22% BDO Market Share – 18%

2,990 2,261 2,085 1,886 975 864 770 672 665 652

MBT BPI LBP PNB CHIB SECB DBP UBP RCBC

2,008 1,388 1,369 774 569 511 413 389 304 266

MBT BPI LBP PNB CHIB SECB RCBC UBP DBP

2,419 1,663 1,588 1,557 734 722 489 475 424 421

LBP BPI MBT PNB CHIB SECB DBP RCBC UBP

SLIDE 9

BDO Private Bank,

• Inc. 100%

BDO Capital & Investment Corporation 99.88% BDO Leasing and Finance, Inc. BDO - 87.43%, BDO Capital – 1.11% One Network Bank,

• Inc. (A Rural Bank)

99.8550% BDO Remit (USA),

• Inc. 100%

BDO Remit (Japan)

• Ltd. 100%

BDORO Europe Ltd. 100% BDO Remit (Canada) Ltd. 100% Express Padala (HK) Ltd. 100% BDO Remit(Italia) S.p.A. 100% (a) BDO Remit Limited 100% BDO Remit (Macau)Limited 100% BDO Remit Int’l Holdings B.V. 96.32% Averon Holdings, Inc. 100% BDO Rental,

• Inc. 100%

MMPC Auto Financial Services Corp. 40% (b)

BANKING / FINANCE

BDO Unibank, Inc.

Armstrong Securities 80% (b)

REMITTANCES INSURANCE PROPERTY

BDO Nomura Securities, Inc. 51% BDO Strategic Holdings, Inc. 100% BDO Insurance Brokers, Inc. 100% BDO Life Assurance Company (formerly Generali Pilipinas Life Assurance Co.) BDO- 97.0%, BDO Capital- 3.0% Equimark-NFC Development Corp. 60% SM Keppel Land, Inc. 50% Northpine Land, Inc. 20% Taal Land, Inc. 33.33% (b) Unicorn First Properties, Inc. 35% (a)

OTHERS

NLEX Corp. (formerly Manila North Tollways Corp.) 12.4% Venture Industry for Business Enterprises 24% (a)

• With equity investments in allied and non-allied enterprises

Organizational Structure

** not yet operational. (a) For dissolution (b) For sale BDO Securities Corporation 100% BDO Remit (UK) Ltd. (formerly CBN London Ltd.) 100% CBN Greece S.A. 99.92% (a) BDO Remit (Ireland) Designated Activity Company. 100% CBN Remittance Center S.A. 99.99%

Stockholders of BDO Financial Allied Subsidiary Financial Allied Affiliate Non-Financial Allied Subsidiary Non-Allied Undertaking Subsidiary/Affiliates of BDO Subsidiaries Non-Financial Allied Affiliate

SLIDE 10

The Banker Top 1000 World Banks – Tier 1 Capital 2017

10

USD Million 231 Rank Origin Bank 235 232 234 237 238 239 240 233 236 5,421 5,419 5,403 5,391 5,344 5,289 5,203 5,140 5,114 5,067 Bank Gospodarstwa Krajowego Taipei Fubon Bank Iyo Bank Mashreqbank BDO Unibank

• E. Sun Commercial Bank

Yes Bank Bank Nederlandse Gemeenten Qatar Islamic Bank Landwirtschaftliche Rentenbank

SLIDE 11

5,344 3,611 3,325 1,940 1,782 1,415 1,088 1,014

1000 2000 3000 4000 5000 6000

MBT BPI SECB PNB CHIB RCBC UBP

The Banker Top Philippine Banks – Tier 1 Capital 2017

11

USD Million Bank 1 Rank 2

3

4 5 6 7 8

Acronyms: BDO BDO Unibank PNB Philippine National Bank BPI Bank of the Philippine Islands RCBC Rizal Commercial Banking Corp. CHIB China Banking Corporation SECB Security Bank Corp. MBT Metropolitan Bank& Trust UBP UnionBank of the Philippines Note: Only private banks are included in the 2017 individual country rankings list

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Credit Ratings

Moody’s Fitch 29-Jan-2019 30-Jan-2019 Foreign Currency Bank Deposits/Issuer/Debt Rating (IDR) Long Term Baa2 BBB- Short Term P-2 F3 Outlook Stable Stable Senior Unsecured debt Long Term Baa2 BBB- Short Term P-2 Outlook Stable BCA/Viability Rating Baseline Credit Assessment (BCA) baa2 Adjusted BCA Rating baa2 Viability Rating bbb- Support Rating 2 Support Rating Floor BBB- Counterparty Risk (CR) Assessment Long Term Baa1(cr) Short Term P-2 (cr) Counterparty Risk Rating (CRR)* Foreign Currency Long Term Baa1 Short Term P-2 Local Currency Long term Baa1 Short Term P-2 Source: Moody’s, Fitch

SLIDE 13

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Trading Fact Sheet

Stock Details Type Common Shares Stock Ticker BDO ISIN PHY077751022 Exchange Philippine Stock Exchange Par Value P10.00 Outstanding No. of Shares* 4,375,066,774 Foreign Ownership Up to 40% American Depositary Receipts (ADR) Program Details Type Sponsored Level 1 ADR ADR Ticker BDOUY ISIN US05537Y3045 Ratio 1 ADR = 10 Ordinary Shares Depositary Bank Deutsche Bank Trust Company Americas Contact Details ADR Broker Helpline Tel (New York) + 1 212 250 9100 Tel (London) + 44 207 547 6500 Email adr@db.com ADR website www.adr.db.com Depositary Bank's Local Custodian Deutsche Bank AG, Manila

*As of March 30, 2019

SLIDE 14

Presentation Outline

I. Overview II. Financial Highlights III. Ownership, Board and Management IV. Environmental, Social and Governance V. Awards and Citations

SLIDE 15

2018 P&L Exc. ONB & BDO Life

(in PHP billion) 2018 2017 YoY% 2018 2017 YoY% Interest Income 129.0 99.8 29% 126.1 97.3 30% Interest Expense 30.7 18.0 70% 30.5 17.7 72% Net Interest Income 98.3 81.8 20% 95.6 79.6 20% Non-interest Income 49.7 47.2 5% 38.7 35.5 9% Fee Income 30.7 28.9 6% 29.8 28.0 7% Insurance Premiums 11.8 9.9 20% (0.0) -

• Trading & FX

2.2 3.9

• 44%

3.9 3.1 28% Others 5.0 4.5 11% 4.9 4.4 10% Gross Operating Income 148.0 129.0 15% 134.2 115.1 17% Operating Expense 98.0 84.9 16% 85.9 73.0 18%

• Ins. Reserves, Benefits and Claims 7.5 7.5

0%

• -
• Pre-Provision Operating Profit

49.9 44.1 13% 48.3 42.1 15% Provisions 6.3 6.5

• 4%

5.7 5.9

• 3%

Net Income Before Tax 43.6 37.6 16% 42.6 36.2 18% Taxes 11.0 9.5 16% 10.3 9.3 10% Net Income 32.7 28.1 17% 32.4 26.9 21% Return on Common Equity 10.7% 10.2%

• BDO Conso

BDO ex-ONB & BDO Life 15

SLIDE 16

8% 15% 17% 17% 22% 30% 19% 20% 17% 16% 18% 15% 0% 5% 10% 15% 20% 25% 30% 35% 2013 2014 2015 2016 2017 2018

Growth in Interest income from Loans Only (YoY) Loan Growth (YoY)

16% 20% 14% 17% 19% 16% 19% 20% 17% 16% 18% 15% 0% 5% 10% 15% 20% 25% 30% 2013 2014 2015 2016 2017 2018

Industry BDO

16 BDO Loan Growth vs. Industry BDO Loan Growth vs. Interest Income Growth

a aUKB, based on loans net of RRPs

Loan growth negated by declining rates Good volume growth with stable yields

SLIDE 17

22.6 22.8 25.0 26.2 28.1 32.7 14.3% 13.6% 13.6% 12.7% 10.3% 10.7%

• 50.0%
• 40.0%
• 30.0%
• 20.0%
• 10.0%

0.0% 10.0%

5 10 15 20 25 30 35 40 2013 2014 2015 2016 2017 2018 (in P bn)

Net Income

17

Capital Ratios BDO 4Q18a

• Min. w/

BSP DSIB Industry ROE 13.7% 11.0% 9.8% 10.5% 10.0% 9.3%

bUKB b

a Per SOC, BSP

ROCE

Net Income & ROE

SLIDE 18

18

Income Statement

(in PHP billion) 2013 2014 2015 2016 2017 2018 Interest Income 56.6 63.6 72.1 82.0 99.8 129.0 Interest Expense 13.4 12.4 15.2 16.4 18.0 30.7 Net Interest Income 43.2 51.2 57.0 65.6 81.8 98.3 Non-interest Income 31.8 29.5 31.8 41.6 47.2 49.7 Fee Income 15.5 18.0 19.4 22.2 28.9 30.7 Insurance Premiums

• 8.1

9.9 11.8 Trading & FX 12.8 7.1 7.2 4.8 3.9 2.2 Others 3.6 4.4 5.3 6.5 4.5 5.0 Gross Operating Income 75.0 80.7 88.8 107.2 129.0 148.0 Operating Expenses 43.3 48.5 55.1 70.0 84.9 98.0

• Ins. Reserves, Benefits and Claims
• 5.7

7.5 7.5 Pre-Provision Operating Profit 31.8 32.2 33.7 37.2 44.1 49.9 Provisions 7.0 5.1 3.0 3.8 6.5 6.3 Income bef. Pre-Acquisition 24.8 27.1 30.7 33.4 37.6 43.6 Pre-Acquisition Income

• (0.4)
• Taxes

2.1 4.2 5.7 6.8 9.5 11.0 Net Income 22.6 22.8 25.0 26.2 28.1 32.7

SLIDE 19

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Balance Sheet

(in PHP billion) 2013 2014 2015 2016 2017 2018 Resources Reserve Assets 491.5 488.4 461.7 511.0 509.7 534.4 Investment Securities 227.9 221.5 225.8 269.0 332.9 385.2 Gross Customer Loans 911.5 1,089.4 1,279.4 1,482.0 1,754.9 2,020.1 Investment Properties 10.4 13.9 14.6 15.2 18.0 19.8 Other Assets 31.5 50.5 49.9 47.8 52.5 62.8 Total Resources 1,672.8 1,863.6 2,031.3 2,325.0 2,668.1 3,022.2 Liabilities Deposits 1,345.3 1,492.3 1,663.9 1,905.2 2,121.0 2,420.0 Bills Payable/Sub-debt 97.3 110.4 107.6 110.6 140.5 153.7 Insurance Contract Liab.

• 20.6

26.0 28.5 Other Liabilities 65.8 81.3 60.2 71.1 82.3 92.0 Total Liabilities 1,508.4 1,684.0 1,831.6 2,107.4 2,369.8 2,694.1 Total Capital 164.4 179.7 199.6 217.6 298.3 328.1 Total Liabilities & Capital 1,672.8 1,863.6 2,031.3 2,325.0 2,668.1 3,022.2

SLIDE 20

Financial Performance Indicators

2013 2014 2015 2016 2017 2018 Profitability Return on Ave. Common Equity 14.3% 13.6% 13.6% 12.7% 10.2% 10.7% Return on Average Assets 1.6% 1.3% 1.3% 1.2% 1.1% 1.1% Margins and Liquidity Net Interest Margin (NIM) 3.3% 3.2% 3.2% 3.2% 3.5% 3.6% Loan to Deposit Ratio 67.8% 73.0% 76.9% 77.8% 82.7% 83.5% Liquid Assets to Total Assets 43.0% 38.1% 33.8% 33.5% 31.6% 30.4% Cost Efficiency Cost to Income Ratio 57.7% 60.1% 62.1% 65.3% 65.8% 66.3% Cost to Assets Ratio 3.0% 2.7% 2.8% 3.2% 3.4% 3.4% Asset Quality NPL Ratio 1.6% 1.3% 1.2% 1.3% 1.2% 1.0% NPL Cover 170.7% 188.4% 166.1% 139.3% 146.3% 183.1% Capital and Leveragea Basel II CET1 .0% 12.4% 11.3% 10.6% 12.9% 12.1% Tier 1 Ratio 14.6% 12.8% 11.7% 10.9% 13.1% 12.3% Capital Adequacy Ratio (CAR) 15.8% 14.6% 13.3% 12.3% 14.5% 13.7%

aPer SOC, BSP

Basel III

20

SLIDE 21

Presentation Outline

I. Overview II. Financial Highlights III. Ownership, Board and Management IV. Environmental, Social and Governance V. Awards and Citations

SLIDE 22

22

Shareholder Structure

• Majority owned by the SM Group

As of 31 December 2018 Name Nationality Shareholdings Percentage

• f

Ownership SM Investments Corp. Filipino 1,750,930,649 40.03% PCD Nominee Foreign 1,328,376,211 30.37% PCD Nominee Filipino 799,085,965 18.27% Multi-Realty Development Corporation SM Prime Holdings Filipino Filipino 282,890,230 90,024,395 6.47% 2.06% Sub-Total, Top Shareholders 97.20% Total Shares Outstanding* 4,374,048,064

Source: Top 100 Shareholders as of 31 December 2018 *Number of chares outstanding subsequently increased to 4,375,066,774 as of March 30, 2019 due to the purchase of additional common shares by the Bank’s eligible senior officers pursuant to the Banks employee stock option/grant program and issuance of additional shares as a result of the recently concluded stock rights offer.

SLIDE 23

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Financial Services Property Retail

Access to SM’s customer network

• Over 18,000 PHL tenants
• More than 9,500 suppliers
• 4.0 million average daily foot

traffic

• In-house business
• Home mortgage financing for

SM property projects

New business

• pportunity
• Goodwill from the SM

franchise

• Joint product development

SM expertise

• Middle market knowledge
• Expertise in retail market

and real estate

Branch locations

• Branches, ATMs in SM malls
• One of the leading property

developers in the country with strong presence in mall operations and housing developments

• Dominant domestic mall

developer/operator - 72 malls in the Philippines with GFA of 8.2 mn sqm (with 7 more malls in China)

• Largest local retail chain with 845

stores nationwide

• Increased presence in discretionary

retail with 1,304 outlets

• Biggest domestic banking
• perations
• Interests in BDO and China Bank

The SM Group

• Harnessing synergies with the country’s largest conglomerate

SLIDE 24

• 7 directors out of 11 have an average of 35 years of banking

experience, including a former Partner and Head of Asia Financials Research at Goldman Sachs

• 2 directors are practicing attorneys, and another one is a

Philippine bar topnotcher and member of the State Bar of New York

• One of the strongest Board of Directors in the industry with extensive

banking and finance, legal and business background

Experienced Bankers Practicing Lawyers

• 1 director is a successful businessman who has made his

mark in the field of retailing Successful Entrepreneur

Board of Directors

24

SLIDE 25

Board of Directors

• With broad business and professional experience

Jesus A. Jacinto Jr. Vice Chairman — first appointed to the Board in 1996

 Chairman and President of BDO Insurance Brokers  Chairman and President of Jaces Corp.  MBA Columbia University

Teresita T. Sy Chairperson — first appointed to the Board in 1977

 Serves as Director in multiple subsidiaries of BDO  Vice Chairperson of SMIC and Director of other SM Group

companies, including Multi-Reality Dev. Corp. Antonio C. Pacis Director — first appointed to the Board in 2004

 Director of BDO Capital  Corporate lawyer since 1967  Degree from Harvard Law School

Josefina N. Tan Director — first appointed to the Board in 2007

 Former President of BDO Private Bank  Former Director of EPCIB from 2005 to 2007  Former Director of Banco de Oro from 2001 to 2005

Nestor V. Tan President and CEO — first appointed to the Board in 1998

 Holds Directorships of numerous BDO subsidiaries  Director of the Bankers Association of the Philippines  MBA Wharton School

Dioscoro--Roy I. Ramos Independent Director — first appointed to the Board in 2016

 CIO of RY&S Investments Ltd., Hong Kong since 2011  Former Partner and Head of Asia Financials Research from

1994 to 2011 at Goldman Sachs Jimmy T. Tang Independent Director — first appointed to the Board in 1984

 Serves as Independent Director since 2002  Previously served as Director since 1984  Chairman and President of AVESCO Group of Companies

Gilberto C. Teodoro Independent Director – first appointed to the Board in 2014

 Served as Secretary of National Defense from 2007-2009  Masters of Laws from Harvard Law School  Topnotcher, 1989 Philippine Bar Examinations

Jones M. Castro Jr. Independent Director — first appointed to the Board in 2012

 Served as Head for South Asia and SEA at Wells Fargo Bank  MBA Stanford University

Jose F. Buenaventura Independent Director — first appointed to the Board in 2013

 Senior Partner of Romulo Mabanta Buenaventura Sayoc &

De Los Angeles Law Offices since 1976

 Master of Laws from Georgetown University Law Center

Christopher A. Bell-Knight Director — re-elected to the Board in 2013

 Previously served as BDO Director from May 2005 - Sep

2010

 Former VP and Country Head of the Bank of Nova Scotia  Associate of the Chartered Institute of Bankers - British

SLIDE 26

Senior Management Team

• With extensive professional banking expertise

Corporate Support

Frederic Mark S. Gomez Head — I.T.

 With BDO since 2017  Over 22 years financial services experience

Evelyn C. Salagubang Head — HRG Recruitment

 With BDO since 2007  Over 26 years experience in HR

Lucy Co Dy Head — Comptrollership

 With BDO since 1985  Over 31 years of banking experience

Edwin Romualdo G. Reyes Head — Transaction Banking

 With BDO since 2015  Over 31 years banking experience

Evelyn L. Villanueva Head — Risk Management

 With BDO since 2002  Over 31 years of banking experience

Luis S. Reyes Jr. Head — IR & Corplan

 With BDO since 2003  Over 31 years of banking experience

• Atty. Federico P. Tancongco

Head — Compliance

 With BDO since 2005  Over 25 years of banking experience

Alvin C. Go Head — Legal

 With BDO since 2013  In the practice of law for 31 years

Maria Theresa L. Tan General Manager — BDO Insurance

 With BDO since 2009  23-year banking and insurance experience

Albert Santiago Yeo Head — Private Banking

 With BDO since 2017  Over 33 years banking experience

Eduardo V. Francisco Head — Investment Banking

 With BDO since 1999  31 years banking experience

Rafael G. Ayuste Jr. Head — Trust and Investments

 With BDO since 2014  Over 30 years of banking experience

Walter C. Wassmer Head — Business Lending

 With BDO since 1997  Over 31 years of banking experience

Rolando C. Tanchanco Head — Consumer Lending

 With BDO since 2004  Over 26-year banking experience

Jaime C. Yu Head — Branch Banking

 With BDO since 1997  Over 35 years of banking experience

Dalmacio D. Martin Head — Treasury

 With BDO since 2009  Over 31 years of banking experience

Products, Services and Subsidiaries Intermediation

Nestor V. Tan President and CEO

 With BDO since 1997  Over 30 years of banking experience

Roberto E. Lapid President — BDO Leasing and Finance

 With BDOLF since 1993  Over 35 years of banking experience

Estrellita V. Ong Head — Internal Audit

 With BDO since 2011  Over 24 years experience in audit

Renato Vergel de Dios CEO & Director – BDO Life Assurance Co. Inc.

 With BDO since 2016  Over 41 years of experience in insurance

Jesus Antonio Saldaña Itchon President, One Network Bank

 With BDO since Sep. 15, 2017  Over 31 years of banking experience

Maria Cecilia G. Fonacier Head — Marketing Communications

 With BDO since 2017  Over 21 years of banking experience

Grace C. Palomar Head — HRG Training & Org Dev’t

 With BDO since 2015  Over 38 years experience in HR

Sixto Sison Gaddi Head — HRG Workforce Management

 With BDO since 2018  Over 26 years experience in HR

Myla R. Untalan Head — Digital Infrastructure

 With BDO since 2003  Over 26 years of banking experience

Joseph Albert L. Gotuaco Head — Central Operations Group

 With BDO since 2019  Over 30 years banking experience

SLIDE 27

Presentation Outline

I. Overview II. Financial Highlights III. Ownership, Board and Management IV. Environmental, Social and Governance V. Awards and Citations

SLIDE 28

Sustainable Development Programs

Finding Ways through Innovative Banking

424,229

45

School buildings built with 120 classrooms

50 4,751,660

Health centers rehabilitated with total population covered

536

Disaster-resilient homes built

Of which 88 units are for PWDs and their families in a model community, the first of its kind in the country

Period covered: Disaster Relief: 2008-2017 Rural Health Centers: 2012-2017 School Buildings: 2012-2017 Housing resettlement: 2009-2017

SLIDE 29

Sustainable Development Programs

Finding Ways through Innovative Banking

77%

Female Employees

PHP14.1 billion of

Sustainable Energy Finance Projects

US$150 million for green

bond in the Philippines Green facility in partnership with Japan Bank for International Cooperation million

636,545 tonnes of CO2e avoided

per year equivalent to:

485.6 MWH capacity of renewable

energy generated

136,305 passenger vehicles off the

road

16,321,660 tree seedlings grown

for 10 years

Period covered: Gender Equality Data: As of 2017 Alternative and Clean Energy Data: As of 2017 Environmental and Social benefits from BDO Green Financing Program

SLIDE 30

Sustainable Development Programs

Finding Ways through Innovative Banking

ESG EQUITY FUND

Over PhP 22 Million

Raised to-date*

Period covered: Life Below Water Data: 2016 * From 2011-2017

SLIDE 31

Sustainable Development Programs

Finding Ways through Innovative Banking

Governance principles of fairness, integrity, transparency, accountability and performance consistently applied throughout the institution Annual Self-Assessment of the Board, Board Committees, Directors, Advisers, and Senior Management to gauge performance, competence and the ability to manage the Bank Non-executive Directors including Independent Directors now comprise 90.91% of board strength, more than the requirements of the BSP of at least majority of the Board Term limit of Independent Directors at nine (9) years in accordance with international best practice

SLIDE 32

ESG Recognition / Awards

Silver Awardee Corp Governance Scorecard Awardee for ten (10) consecutive years Among the Best Companies in the Philippines in CSR and Environmental Responsibility Platinum Award Among the recipients of the 6th and 7th Asian Excellence Award

Corporate Governance Asia

Teresita T. Sy-Coson Asian Corporate Director Award

Institutional Investor

One of the 15 Recipients of the Institutional Investor Governance Awards 2016

ASEAN Corporate Governance Scorecard

Among the Top 50 Publicly-Listed Companies 2013-2015

Asian Banking & Finance

Corporate Social Responsibility Program of the Year – Gold (2017- 2018) BDO Unibank is a constituent

• f the FTSE4Good Index

http://www.ftse.com/products /indices/FTSE4Good

Forbes 2018

GLOBAL Top Regarded Companies 2000

Forbes 2018

GLOBAL Top World’s Best Employers 2000

SLIDE 33

Presentation Outline

I. Overview II. Financial Highlights III. Ownership, Board and Management IV. Environmental, Social and Governance V. Awards and Citations

SLIDE 34

34

Awards and Citations, 2014-2018 Best Bank in the Philippines

Asiamoney FinanceAsia Euromoney Global Finance

Philippine Bank of the Year 2016

Charlton East Coles

Top 15, Philippine Company of the Year 2016

The Banker

Bank of the Year, Philippines

The Asset

Best Domestic bank, Philippines (2014-2018)

The Asian Banker

Strongest Bank, Philippines

SLIDE 35

Best Debt/Equity, M&A House Best Investment Bank Best Private Bank Best Project Finance Bank Best Retail & Wholesale Bank

35

Awards and Citations, 2014-2018

Best Investment Bank/Deals Best Private Bank Best Project Finance Bank/Deals Best Wholesale Bank

Fund House of the Year - Philippines Best in Treasury & Working Capital – SMEs in the Philippines

FinanceAsia FinanceAsia FinanceAsia The Asset The Asset The Asset The Asset The Asset Euromoney Global Finance Asian Private Banker Asiamoney Asiamoney AsianInvestor Euromoney Asiamoney Project Finance Magazine Global Finance World Finance

Best Investment Management Company

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Best in Trade Finance Best in Fund Management Best FX Bank/ Provider

36

Awards and Citations, 2014-2018

Best in Internet Banking Best Retail Bank

The Asset

Best in Internet Banking Best in Trade Finance

Best in Deposit Initiatives

The Asian Banker

Best in Cash Mgt. & Transaction Banking Best FX Bank/ Provider Best in Social Media Initiatives

The Asian Banker The Asian Banker

Best Retail Bank in the Philippines Best Trade Finance Provider in the Philippines 2016 Cash Management Poll as voted by Corporates On-line Banking Initiative

• f the Year

Automotive Lending Initiative

• f the Year

Mortgage & Home Loan Product of the Year

The Asian Banker Asian Banking & Finance Asiamoney

Asian Banking & Finance Asian Banking & Finance Global Finance

BSP

Outstanding PhilPaSS Participant Servicing Customer ePayments for Commercial Banks Gold Award - Top Commercial Bank that Generate the Largest Overseas Filipino Remittances

Asian Banking & Finance

Social Media Initiative of the Year

The Asset

Best Retail Social-Media Banking Experience, Philippines (2015-2018)

The Asset

The Mortgage Product of the Year (2018) Mortgage Business of the Year

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Excellence in Investor Relations Best in Trade Finance Best in Fund Management Best FX Bank/ Provider

37

Awards and Citations, 2014-2018

Best in Internet Banking

Asiamoney FinanceAsia

Among the Most Trusted Brands

Reader’s Digest

Asset Management Company of the Year

The Asset

Impact Investor of the Year Award

Best FX Bank/ Provider Best in Fund Management Excellence in Leadership & Management Excellence in Investor Relations

(Individual Awards)

Best Managed Company in the Philippines – Large Cap

FinanceAsia

Among the Best Managed Public Companies

Asiamoney

Nestor V. Tan Best Executive Most Organized Investor Relations Best IR Company (Philippines) Among the Best Senior Management IR Support Teresita T. Sy-Coson Asia’s Best CEO Award Pedro M. Florescio One of Asia’s Best CFOs (IR) Best FX Provider in the Philippines Best Investment Management Company - Philippines Teresita T. Sy Management Man of the Year 2016 Among the Best at Investor Relations

FinanceAsia Management Association of the Philippines World Finance Global Finance Corporate Governance Asia

Luis S. Reyes, Jr. Best IR Professionals (Phils)

Corporate Governance Asia

Nestor V. Tan. Asia’s Best CEO Award Best Corporate Communications Best Wealth Manager, Philippines (2017)

Institutional Investor

Nestor V. Tan Best CEO – Emerging Markets (Philippines)

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Legal Disclaimer

This presentation and the information contained herein as well as the materials distributed herewith ("Presentation") are the sole and exclusive property of BDO Unibank, Inc. (“BDO”) and shall only be used for the purpose intended herein. None of the information contained in this Presentation constitutes a solicitation, offer, opinion, or recommendation by BDO to buy or to sell any securities or financial instrument or to provide any investment service or investment advice. The information contained in this Presentation is based on carefully selected sources believed to be reliable but no representation or warranty as to its accuracy or completeness is made. All statements in this Presentation, other than statements of historical facts, that address activities, events, or developments that BDO expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward- looking statements. BDO’s actual results or developments may differ materially from those expressed or implied in these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, market shares, competition, changes in legal, financial and regulatory frameworks, international economic and financial market conditions, political risks, cost estimates, and other risks and factors beyond our control. Your use of the Presentation shall be at your sole risk and you shall form your own conclusions as to the reliability of any information presented and as to any conclusions to be drawn therefrom. BDO shall not be directly or indirectly liable, in any way, for any inaccuracies, errors, or omissions in the Presentation , including but not limited to any quotes or financial data contained therein, nor for any damages resulting therefrom. Any

• pinion/data/forward-looking statements herein reflected may be subject to change by BDO without notice.

Investor Relations & Corplan: 4F South Tower, BDO Corporate Center 7899 Makati Avenue, Makati City Metro Manila 0726, Philippines Phone: (632) 840 7000 (loc. 6069) Fax: (632) 878 4151 Email: irandcorplan@bdo.com.ph Website: www.bdo.com.ph

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Thank you. www.bdo.com.ph