Investor Presentation Full Year 2020 Financial and Operational Results HKEx: 00142 ADR: FPAFY www.firstpacific.com Creating long-term value in Asia Copyright © First Pacific Company Limited 30 March 2021. All rights reserved. | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - Total revenue from operating companies amounted to $139.5 million[11] - Revenue decreased by 11% to $3.7 billion, reflecting the impact of COVID-19 related restrictions on MPIC and FP Natural Resources[14] - Regular profit increased by 7% to $151.7 million, driven by higher contributions from Indofood and PLDT, while Philex turned a loss into profit[14] - Reported profit was $106 million, compared to a loss of $148.3 million in the same period last year[14] - Core profit rose 18% to IDR 29 trillion ($1.945 billion) from IDR 24 trillion ($1.704 billion), reflecting strong performance in the branded consumer goods segment[24] - Total profit contribution from Indofood increased by 17% to $93.8 million in the first half of 2020, compared to $80.3 million in the same period of 2019[23] - The company reported a significant reduction in corporate operating expenses, aiding in the overall profitability[13] - The company reported a net cash flow increase of $22.1 million for the first half of 2020, compared to a decrease of $9.0 million in the previous year[100] - The company reported a significant increase in impairment losses related to property, plant, and equipment, totaling $31.5 million in the first half of 2020[153] Debt and Financial Position - Net debt of approximately $1.3 billion[11] - The company’s cash interest coverage ratio was approximately 2.7 times for the twelve months ending June 30, 2020[20] - The average interest rate on total company borrowings is approximately 3.5%, with about 61% of the debt being fixed rate[19] - PLDT's consolidated net debt as of June 30, 2020, was USD 3.8 billion, with a debt-to-EBITDA ratio of 2.19 times[45] - The company’s net debt increased to $1,308.6 million as of June 30, 2020, compared to $1,330.6 million at the end of 2019, with a debt-to-equity ratio of 0.80x[101] - The group’s overall debt-to-equity ratio rose to 0.72x, attributed to increased net debt primarily from investments and capital expenditures by MPIC and Indofood[108] - As of June 30, 2020, MPIC's total debt rose by 3% to ₱256.7 billion ($5.2 billion), primarily due to funding for maturing debts and existing projects[53] - The total debt of PLDT as of June 30, 2020, is $4,722.1 million, up from $3,802.4 million as of December 31, 2019[110] Investments and Acquisitions - The acquisition of Pinehill Company Limited for $2.998 billion was approved, with an initial payment of $2.348 billion and a contingent payment of $650 million based on performance[26] - The company is prioritizing capital expenditures in growth areas and focusing on cost control and production efficiency innovations[36] - MPIC entered into a ₱1.6 billion ($32.1 million) investment agreement with Dusit International to develop and manage hotel and residential properties in the Philippines[57] - The company plans to retain $650 million in escrow related to the Pinehill acquisition, subject to profit guarantees from the sellers[198] Revenue Streams and Segments - Investments are concentrated in fast-developing Asian emerging economies within four sectors: consumer food, infrastructure, natural resources, and telecommunications[3] - The sales revenue of the branded consumer goods group increased by 4% to IDR 228 trillion (USD 15 billion) in the first half of 2020, driven by higher average selling prices, with all business segments showing growth except for the beverage segment[31] - The agricultural segment's sales revenue rose by 7% to IDR 69 trillion (USD 466.9 million), primarily due to higher prices of palm oil and edible oil products, despite a decrease in palm product sales volume[33] - PLDT's consolidated service revenue grew by 8% to PHP 82.8 billion (USD 1.6 billion), with strong growth in mobile data and home broadband revenue[42] - Data and broadband services revenue rose 18% to PHP 59 billion (USD 1.2 billion), driven by a 34% increase in mobile internet and 11% in home broadband revenue[48] Dividends and Shareholder Returns - Interim dividend distribution of $39 million, representing 26% of recurring profit[11] - The company announced an interim dividend of HKD 0.07 ($0.009), representing a payout ratio of approximately 25.7% of recurring profit, consistent with the previous year[18] - The company declared an interim cash dividend of $0.009 per ordinary share, totaling $39 million, an increase from $36 million in 2019[164] Market Conditions and Economic Impact - Revenue declined by 17% to ₱307 billion ($607.5 million), with all business segments reporting a decrease in income[52] - The company anticipates continued challenges in the market but remains focused on maintaining product supply and quality while enhancing competitiveness[38] - The palm oil price trends are influenced by demand from major importing markets like China and India, as well as fluctuations in crude oil prices[36] - The average exchange rate for the Indonesian Rupiah against the USD decreased by 3.6% to 14,743[15] - The average exchange rate for the Philippine Peso against the USD increased by 2.8% to 50.55[15] Operational Efficiency and Cost Management - Interest expenses decreased significantly, contributing to the increase in regular profit[13] - The company aims to enhance reporting and ESG standards to international levels[3] - The company has entered into interest rate swap agreements to convert $130 million of floating-rate loans to fixed rates until May 2024[21] - The company is collaborating with the Philippine government for joint exploration projects in the West Philippine Sea, with further meetings planned for 2020[79] Employee and Compensation - Employee compensation for the first half of 2020 totaled $413 million, a decrease from $460.8 million in the same period of 2019[132] - The average number of employees during the period was 100,834, down from 109,884 in 2019[132] Legal and Regulatory Matters - The court ruled that the application of the 60% Filipino ownership requirement to all classes of shares is not valid, emphasizing that the existing regulations ensure Filipino control over public utilities[192] - The court's decision reinforces the flexibility for companies to issue different classes of shares to attract capital from local and international markets[193]

First Pacific Company Limited (OTCPK:FPAFY) Q2 2020 Earnings Conference Call August 27, 2020 5:00 AM ET Company Participants John Ryan - Associate Director Manuel Pangilinan - Managing Director & Chief Executive Chris Young - Executive Director & Chief Financial Officer Sara Cheung - Vice President, Group Corporate Communications Stan Yang - Executive Vice President, Group Corporate Development Conference Call Participants John Galligan - CLSA Kedar Wagle - Maybank Asset Management Operator Good day, everyo ...

Investor Presentation First-Half 2020 Financial and Operational Results HKEx: 00142 ADR: FPAFY www.firstpacific.com Creating long-term value in Asia Copyright © First Pacific Company Limited 27 August 2020. All rights reserved. | --- | --- | --- | --- | |------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------- ...

First Pacific Company Limited (OTCPK:FPAFY) Q2 2019 Earnings Conference Call August 27, 2019 5:00 AM ET Company Representatives Chris Young - Executive Director, Chief Financial Officer Joseph Ng - Associate Director John Ryan - Associate Director Sara Cheung - Vice President, Group Corporate Communications Conference Call Participants Kedar Wagle - Maybank Asset Management John Galligan - CLSA Vivek Dhawan - Value Square Sara Cheung Thank you. Good day everyone. Thank you for joining us today to discuss Fi ...

Information Summary for Investors Creating long-term value in Asia HKEx: 00142 ADR: FPAFY www.firstpacific.com Copyright © First Pacific Company Limited 27 August 2019. All rights reserved. | --- | --- | --- | --- | |------------------------------------------------------------------------------|---------------------------------------------------------------------------|------------------------------------------------------------------------------------|------------------------------------------------------- ...