SM Investments : and SM Prime Company Presentation FY2023

Company Presentation

March 2024

Disclaimer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. THESE MATERIALS ARE BEING PRESENTED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, REDISTRIBUTED OR PASSED ON, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE.

These materials have been prepared SM Investments Corporation ("SMIC") and SM Prime Holdings, Inc. ("SM Prime," and together with SMIC, the "Companies") for informational purposes only. By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. These materials are strictly confidential and are being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose.

The information contained in these materials has been provided by the Companies or, with respect to market data, industry data, and other industry statistics, derived from public or third-party sources and has not been independently verified. No representations, warranties, or undertakings, express or implied, are made by the Companies, or any members, directors, officers, employees, agents, affiliates, advisors, representatives or any other person as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions presented or contained in these materials. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Companies' financial or trading position or prospects. The contents of these materials have not been verified by the Companies.

The information and opinions in these materials are provided as at the date of this presentation and are subject to change without notice. None of the Companies, or any directors, officers, employees, agents, affiliates, advisers or representatives accepts any liability whatsoever in negligence or otherwise for any loss howsoever arising, whether directly or indirectly, from any use of the information or opinions presented or contained in these materials or otherwise arising in connection with these materials.

These materials contain "forward-looking statements", which are based on current expectations and projections about future events, and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "plans", "could", "should", "predicts", "projects", "estimates", "foresees" or similar expressions or the negative thereof, as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of the Companies, and projections and forecasts of their performance, which are not guaranteed. Such forward-looking statements concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Companies' control that could cause their actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions and estimates regarding the Companies' present and future business strategies, including expansion plans and the environment in which they will operate in the future. Forward-looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the Companies, or any directors, officers, employees, agents, affiliates, advisers or representatives intends or has any obligation or undertakes to supplement, amend, update or revise any forward-looking statements as a result of new information or to reflect future events or circumstances, except as required under applicable laws.

These materials contain financial information regarding the businesses and assets of the Companies and their respective consolidated subsidiaries. Such financial information may not have been audited, reviewed or verified by any independent accounting firm. The inclusion of such financial information in these materials or any related presentation should not be regarded as a representation or warranty by the Companies, any of their affiliates, advisers or representatives or any other person as to the accuracy or completeness of such information's portrayal of the financial condition or results of operations of the Companies and should not be relied upon.

These materials contain certain non-PFRS measures which are presented herein as supplemental information to the Companies' financial information prepared in accordance with PFRS. These non-PFRS measures are commonly used by analysts, investors and industry peers, and management believes they are useful indicators that allow for a more complete analysis of the Companies' performance. However, such non-PFRS measures are not standardized terms prepared in accordance with PFRS, are neither audited nor reviewed, and have important limitations as analytical tools. Moreover, such measures may not be comparable to similarly titled measures reported by other companies. Therefore, you should not consider such non-PFRS measures in isolation or as an alternative to the Companies' financial information prepared in accordance with PFRS.

This presentation is for information purposes only and is not a prospectus, disclosure document or other offering document under any law, nor does it form part of, and should not be construed as, any present or future invitation, recommendation or offer to purchase or sell securities of the Companies or an inducement to enter into investment activity in or into the United States, in the Philippines or in any other jurisdiction. No part of this presentation nor the fact of its distribution should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. If there is any subsequent offering of any securities, it will be made pursuant to a separate and distinct offering documentation. Any decision to purchase securities in the context of an offering of securities (if any) should be made solely on the basis of information contained in the offering documentation published in relation to such offering. These materials do not constitute a recommendation regarding any securities of the Companies.

This communication shall not constitute an offer to sell or be considered a solicitation of an offer to buy securities and may not be provided to persons or entities that are not qualified to receive this communication under the Securities Regulation Code (Republic Act No. 8799) ("SRC") and Rule 10.1.3 of the 2015 Implementing Rules and Regulations of the SRC, as amended, or under the relevant law and jurisdiction applicable to the recipient. By receipt and acceptance of this communication, you confirm that you are qualified to receive this information.

If you are not qualified to receive this information and if you have gained access to this communication contrary to the restrictions set forth herein, you are not authorized to receive this communication and you are requested to immediately notify the sender, delete this communication and all attachments, and return to the sender all hard copies, if any.

This presentation should not be treated as advice relating to legal, taxation, financial, accounting or investment matters. By attending this presentation you (i) acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Companies, and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Companies' business and (ii) agree to be bound by the foregoing terms and to keep this presentation and the information contained herein confidential.

By attending this presentation and/or accepting a copy of these materials, you agree to be bound by the foregoing limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that: (i) you have read and agree to comply with the contents of this notice including, without limitation, the obligation to keep these materials and its contents confidential; (ii) you agree not to remove these materials, or any materials provided in connection herewith, from the room where these materials are provided; (iii) you are not located in the United States; and (iv) you will be solely responsible for your own assessment of the market and the market position of the Companies, and you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Companies' business.

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Agenda

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