Philippine National Bank

Company Brief Page

1 Company Introduction 3

2 Financial Highlights 9

3 Board of Directors & Senior Management 13

4 Awards & Citations 16 About PNB

§ is one of the country’s largest private universal banks in terms of assets, loans and deposits.

§ It provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas .

§ PNB has 717 branches and 1,710 ATMs strategically located nationwide. The Bank maintains its position as the Philippine bank with the most extensive international reach with 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America.

§ Backed by over a century of stability and excellence, PNB looks forward to more years of serving its customers first.

Page 3 Products and Services

§ PNB provides a full range of quality products and services to a wide customer base:

Trust Banking & Remittance Branch Banking Retail Lending Institutional Banking Treasury Services Wealth Mgmt Services

• Deposit • Home Loans • Corporates & SMEs • Fixed Income • Sending/ Accounts • Auto Loans • Trade Finance • UITFs Investments Receiving • e-Banking • Salary Loans • Financial • Personal Trust • Foreign • Global Filipino Services • OPHL Institutions • Corporate Trust Exchange Card • Retail Cash • Corporate Cash • PNB Wealth Services • Overseas Bills Management Management Management • Interest Rate Payment Solutions Solutions Swaps § Through its subsidiaries and affiliate, the Bank also engages in:

Insurance Investment Banking Stock Brokerage Leasing

• Underwriting • Distribution of • Financial Leases • Non-life insurance Securities • Equities Trading • Operating Leases • Life Insurance • Financial Advisory • Stock Market Research • Receivable • Project Finance Discounting • Loan Syndication

Page 4 Major Milestones

2019

1999 2015 • PNB inked a Syndicated 1980 2013 Loan amounting to The Group 2005 Successfully USD250M through its acquired around closed and Tokyo Branch Became 35% of PNB’s total Merged with signed a Joint sale of • PNB successfully issued the first outstanding capital Allied Banking USD150 million Government a maiden peso bond universal stock and joined the Corporation 3-year and Lucio Tan offer which reached bank in the Bank’s Board of (ABC) on syndicated term Group shares P13.87 B Directors. February 9, 2013 loan facility

• PNB listed PNB successfully Establishment Privatization of Lucio Tan Group Full privatization Completed its 276,625,172 issued USD300 M of PNB - served PNB reduced became the after a Follow-on stock right common shares of 5-Year Fixed as de facto Government single biggest Equity Offering offering of from a recently Rate Senior central bank of ownership to private (89 million common shares concluded stocks Notes out of its the Philippines 45% stockholder of primary shares raising right offering raising USD1 B Medium until 1946 PNB and 71.8 million P11.6 billion in P12 B Term Note secondary additional capital • PNB issued US$ 750 Program 1916 1989-96 2000 shares) (P10 billion of M Notes to be which was drawn down from 2007 infused into PNB 2018 its recently Savings Bank) increased US$ 2 B Medium Term Note 2014 2019 Page 5 PNB Subsidiaries and Affiliates Philippine National Bank

Domestic Overseas PNB Intl. Investment Corp. PNB Capital and 100% Investment Corp. PNB Remittance Centers Inc. 100% 100% PNB Holdings Corp. PNB RCI Holding Co. Ltd. 100% 100% PNB General Insurers PNB Remittance Co. Co. Inc Canada 100% 100% PNB Global Remittance & PNB Securities Inc. Fin’l Co. (HK) Ltd. 100% 100% PNB-Mizuho Leasing PNB Europe PLC and Finance Corp. 75% 100% Allied Banking Corp. (HK) PNB-Mizuho Eqpt Ltd. Affiliate: 51% Rentals Corp. Allied Commercial Bank () Allianz PNB Life 75% Insurance Inc. 99.04%

44%

*Last March 1, 2020, PNB integrated its wholly-owned thrift bank subsidiary, PNB Savings Bank (PNBSB), into the Parent Bank through acquisition of its assets and assumption of its liabilities in exchange for cash. Page 6 Market Reach As of March 2021 Global Network

70 offices in 17 countries Europe - 4 Asia & Oceania - 17 North correspondent America - 30 466 Middle banks East - 19

Domestic Network Branch Distribution:

717 branches in the Philippines 62% outside Metro 1,710* ATMs nationwide

* 124 are Cash Accepting Machines (CAMs)

Page 7 Page

1 Company Introduction 3

2 Financial Highlights 9

3 Board of Directors & Senior Management 13

4 Awards & Citations 16 Profitability & Balance Sheet Net Income Before Provisions Total Assets In Php Millions In Php Billions 17,642 17% 8% 15,022 1,142 1,231

FY 2019 FY 2020 FY 2019 FY 2020

• Total operating income up by 12%, boosted by solid • Total Assets were higher in FY 2020 owing growth in net interest income and robust trading gains. to increase in Due from BSP and Investment • Net income reached P2,625 M in FY 2020, 73% lower Securities. than year-ago level as the Bank took a proactive approach in its provisioning due to economic uncertainties on the impact of COVID-19. Page 9 FY 2020 P&L PNB Consolidated (in PHP million) FY 2020 FY 2019 % Change Interest Income 46,951 50,514 -7.1% Interest Expense 11,130 18,155 -38.7% NET INTEREST INCOME 35,821 32,358 10.7% Fee-Based and Other Income 9,732 8,418 15.6% Net Service Fees and Commission Income 3,701 4,181 -11.5% Other Income 6,031 4,238 42.3% TOTAL OPERATING INCOME 45,552 40,777 11.7% Admin and Operating Expense 27,910 25,755 8.5% Income Before Provisions 17,642 15,022 16.7% Provision for impairment and credit losses 16,882 2,910 580% Provision for Income Tax (1,798) 2,452 -173.3% NET INCOME 2,625 9,761 -73.1% Return on average equity (ROE) 1.69% 6.89% Return on average assets (ROA) 0.22% 0.92% Net Interest Margin (NIM RATE) 3.35% 3.31% Cost efficiency ratio 61.27% 63.17% Page 10 FY 2020 BALANCE SHEET

PNB Consolidated (in PHP million) FY 2020 FY 2019 % Change Cash / Due from BSP & Other Banks 286,699 179,073 60.1% Investment Securities 268,596 239,593 12.1% Loans and Receivables 599,995 657,924 -8.8% Property & Equipment 19,879 21,169 -6.1% Investment Properties 14,446 15,044 -4.0% Other Assets 41,519 29,488 40.8% TOTAL ASSETS 1,231,134 1,142,291 7.8% Deposit Liabilities 890,288 826,045 7.8% Bonds Payable 64,056 66,615 -3.8% Bills & Acceptances Payable 87,159 55,963 55.7% Other Liabilities 33,648 38,692 -13.1% TOTAL LIABILITIES 1,075,151 987,315 8.9% TOTAL EQUITY 155,983 154,975 0.7% TOTAL LIABILITIES AND EQUITY 1,231,134 1,142,291 7.8% Loans/Deposits 69.20% 78.87%

Total CAR 15.14% 14.80% Page 11 Page

1 Company Introduction 3

2 Financial Highlights 9

3 Board of Directors & Senior Management 13

4 Awards & Citations 16 Board of Directors

Florencia G. Tarriela Edgar A. Cua Chairman/Independent Director Lucio C. Tan Independent Director Director • Serves as director of multiple PNB subsidiaries • Independent Director of PNB Capital and Investment Corp. • Independent Director – LT Group, Inc. • Independent Director of Allied Commercial • Chairman and CEO of LT Group, Inc. • Independent Director – Eton Properties Phils. Bank, Xiamen • Chairman and CEO of PAL Holdings, Inc. • Director of Davao Unicar Corp. Inc. • Independent Director of PNB Mizuho Leasing and Fin. • Chairman and CEO of MacroAsia Corp. • Former Undersecretary of Finance Corp. • Independent Director of Allied Integrated Holdings, Inc.

Felix Enrico R. Alfiler Estelito P. Mendoza Michael G. Tan Vice Chairman/Independent Director Director Director • Serves as director of multiple PNB subsidiaries • Director of Petron • President and COO of LT Group, Inc. • Chairman of PNB General Insurers Co., Inc. • Director of • President and COO of , Inc. • Chairman of PNB International Investment • Practicing lawyer for more than 60 years Corp., USA • Director of Company, Inc. • Former Director of the BSP

Jose Arnulfo “Wick” A. Veloso Christopher J. Nelson Vivienne K. Tan President and CEO/ Director • Director of Allianz PNB Life Insurance, Inc. • Former Director of British Chamber of Director Director • President of Bankers Association of the Philippines the Phils.: former Chairman of the • Director of Philippine Payments Management, Inc. Council of Trustees, The British School • Executive Director of the British Chamber of Commerce • Director of LT Group, Inc., MacroAsia Corporation, Eton • Director of European Chamber of Commerce of the Phils. Manila, Member Management • Member of Asian Bankers Association Association of the Phils. of the Phils. Properties Phils., Inc. • Member of CIBI Foundation, Inc. • Former Chairman of the BAP Open • Member of Management Association of the Phils. Market Committee • Director of the Federation of the Philippine Industries Inc. • Founding Trustee of Philippine Center for Entrepreneurship • Former Director of Bankers Association of the Phils. and • Former President of the Money Market (Go Negosyo) Chairman of the BAP Capital Markets Development Committee Association of the Phils. • Trustee of the American Chamber Foundation of Commerce • Former Director of Bancnet, Inc. • Former Director of Philippine Dealing • Trustee of , University of the East • Former President and CEO of HSBC Phils. and Exchange Corp. of the Phil., Inc. • Former Director of HSBC Electronic Data Processing (Phils.), Ramon Magsaysay Medical Center, College of Saint Benilde Inc. • Trustee of the Philippine Band of Mercy • Former Chairman of HSBC Savings Bank Phils. • Trustee of Dualtech Training Foundation • Former Chairman of HSBC Insurance Brokers (Phils.), Inc.

Florido P. Casuela Federico C. Pascual Sheila T. Pascual Director Independent Director Director • Chairman of PNB Securities, Inc. • Serves as director of multiple PNB subsidiaries • Business Development Manager of Allied • Chairman and President of Casuela Equity Ventures, Inc. • Former President and General Manager of Banking Corp. (Hong Kong) Ltd. • Senior Adviser of the Bank of (A Savings GSIS • Former Marketing Development Officer of Bank), Inc. • Former Director/President & CEO of Allied Asia Brewery, Inc. • Former President of Landbank of the Phil., Banking Corp. Maybank & Surigao Micro Credit Corp.

Leonilo G. Coronel Domingo H Yap Carmen K. Tan Independent Director Director Director • Independent Director of Megawide • President of H-Chem Industries, Inc., DHY Realty & • Director of MacroAsia Corp. Dev’t, Inc., Colorado Chemical Sales Corp., Construction Corp. • Director of LT Group, Inc. Universal Paint & Coating Phils., Inc., Alliance • Independent Director of DBP-Daiwa • Director of PAL Holdings, Inc. Land Dev’t Corp. Capital Markets Phil. • Former President of the Federation of Filipino- • Former Executive Director of BAP Chinese Chambers of Commerce & Industries, Inc.

Page 13 Senior Management

Jose Arnulfo “Wick” A. Veloso President and CEO of the Bank since 2018

Cenon C. Audencial Jr. Roberto D. Baltazar Isagani A. Cortes Aida M. Padilla EVP EVP EVP EVP Head of the Institutional Head of Global Banking Chief Compliance Officer Head of the Enterprise Banking Sector and Markets Sector Services Sector

Nelson C. Reyes Manuel C. Bahena, Jr. Marie Fe Liza S. Jayme Ma. Adelia A. Joson EVP FSVP FSVP FSVP Chief Financial Officer Chief Legal Counsel Head of Operations Head of Retail Banking Group Sector

Jose German M. Licup Socorro D. Corpus Claro P. Fernandez FSVP Nanette O. Vergara SVP SVP Chief of Staff to the FSVP OIC - Human Resource Head of Public Affair President and CEO Chief Credit Officer Group Group

Michael M. Morallos Roland V. Oscuro Noel C. Malabag Damasen Paul C. Cid SVP SVP SVP FVP Chief Information Head, Global Markets Head of the Information Head, Digital Innovations Group Technology Group Security Officer Group

Joy Jasmin R. Santos Simeon T. Yap Samuel G. Lazaro Leia V. Regala-Teodoro FVP FVP VP SAVP Chief Trust Officer & Head of Chief Risk Officer OIC – Internal Audit OIC – Marketing Services/ Trust Banking Group Group Intelligence & Analytics

Page 15 Page

1 Company Introduction 3

2 Financial Highlights 9

3 Board of Directors & Senior Management 13

4 Awards & Citations 16 Recent Awards Page 17

18th Philippine Quill Awards (2021) • “Communication Management - Marketing, Advertising, and Brand Communication” (More Ways to Experience More Firsts with PNB Cards! Campaign)

ASEAN Corporate Governance Scorecard Assessment (2021) • “Recipient of the three-arrow recognition for getting a score of 100-109 in the 2019 ASEAN Corporate Governance Scorecard (ACGS)” The Asian Banker Leadership Achievement Awards (2020) • “Best Managed Bank during COVID-19 in the Philippines” • “Best CEO” awarded to President Wick Veloso

Asiamoney Banking Awards (2020) • “Best Bank for Corporate Social Responsibility in the Philippines” • Recognized as “Leader for Women” Recent Awards

55th Anvil Awards (2020) “Public Relations Program on a Sustained Basis – Development Communication” (PNB-PAL Mabuhay Miles Debit Mastercard)

The Asset triple A Country Awards (2019) • “Best Syndicated Loan Award” ( Resorts and Hotels syndicated term loan facility) • “Most Innovative Deal Award” (’s retail bonds) •“Best Acquisition Financing” (Clark Global City Corp)

CMO Asia Awards (2019) “Brand Leadership Award”

SSS Balikat ng Bayan Awards (2019) “Best Paying Commercial Bank”

Page 18 Recent Awards

International Finance Awards (2019) “Fastest Growing Bank for Consumer Loans Philippines 2018”

Recognized by the Philippine Institute of Corporate Directors (2019) as among the top-performing publicly listed companies under the ASEAN Corporate Governance Scorecard

Page 19 Disclaimer

Unless otherwise noted, the financial data contained in these materials are presented under Philippine Financial Reporting Standards. Unless otherwise specified, all the financial information is shown on a consolidated basis.

Information concerning financial institutions other than the Bank and its subsidiaries are based on publicly available information and the Bank has not independently verified such data.

This presentation is being communicated only to persons who have professional experience in matters relating to investments and to person to whom it may be lawful to communicate it to (all such persons being referred to as “relevant persons”).

This presentation is being furnished to relevant persons solely for their information and may not be reproduced or redistributed to any other person.

By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.