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

Market position and business overview

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

• Market leader in assets, loans, deposits, remittance, credit cards, investment banking, and insurance.

• Extensive network with over 1,700 branches, 5,600 ATMs, and 16 overseas offices.

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

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

Financial performance and growth

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

• Loan growth of 13% outpaced the industry, with double-digit increases in consumer, middle market, and corporate segments.

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

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

• Record profitability and book value growth, with the largest capital base among peers.

Strategic initiatives and operational focus

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

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

• Leveraged demographic trends, targeting young and growing population for long-term growth.

• Enhanced digital and physical branch integration to serve diverse customer preferences.

• Advanced IT infrastructure, cybersecurity, and digital services to improve efficiency and client experience.