BDO Unibank (BDO) Deutsche Bank’s Depositary Receipts Virtual Investor Conference summary

Strategic positioning and market leadership

• Largest bank in the Philippines by assets, with US$81 billion and a market cap of US$12.4 billion as of 2Q 2024.

• Maintains leadership in assets, loans, deposits, remittances, credit cards, and insurance.

• Extensive domestic and international network, including 1,700+ branches and 16 overseas offices.

• Part of the SM Group, leveraging synergies in financial services, retail, and property.

• Strong, experienced board and management team with a focus on governance and sustainability.

Financial performance and growth drivers

• Achieved PHP 39.4 billion income in 1H 2024, up 12%, with ROE at 15.1%, the highest in 15 years.

• Loan growth at 13%, with double-digit expansion in consumer, middle market, and corporate segments.

• CASA deposits grew 5%, maintaining a high 69% CASA ratio and low funding costs.

• NIMs remain stable and high, supported by asset rebalancing and investment portfolio strategies.

• Record profitability and book value growth, with robust asset quality and NPL coverage at 169%.

Strategic initiatives and operational focus

• Focused on financial inclusion, life insurance, wealth management, and IT transformation.

• Expanding rural banking through BDO Network Bank, targeting underserved regions and micro-entrepreneurs.

• Leveraging demographic trends and rising GDP per capita to drive consumer and wealth management growth.

• Bancassurance and data analytics used to grow life insurance and cross-sell wealth products.

• IT upgrades include cloud migration, digital queuing, advanced ATMs, and enhanced cybersecurity.