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CONFIDENTIAL

Accelerating GrowthManagement Presentation

Mar 2018 Performance Highlights

in P Bn Mar 2017 Dec 2017

Balance Sheet

Assets 1,733.9 1,903.9 1,914.4 0.6% 10.4%

Net Loans 1,032.5 1,202.3 1,209.9 0.6% 17.2%

Deposits 1,437.7 1,562.2 1,587.2 1.6% 10.4%

CASA 1,062.4 1,112.8 1,135.7 2.1% 6.9%

Capital 171.8 180.7 189.5 4.9% 10.3%

Income Statement

Net Revenues 18.0 71.0 18.5 2.7%

Net Int Income 11.5 48.0 12.5 8.9%

Non-Int Income 6.5 23.0 5.9 -8.1%

Opex 8.7 38.5 9.7 11.7%

Provisions 1.2 3.8 0.8 -35.1%

Net Income 6.3 22.4 6.2 -0.1%

Comp Income 6.6 22.4 5.1 -24.0%

2BPI Management Presentation

QoQ

Mar 2018 YoY

Mar 2018 Performance Highlights

Balance Sheet

LDR 71.8% 77.0% 76.2% -0.7% 4.4%

CASA Ratio 73.9% 71.2% 71.6% 0.3% -2.3%

Profitability

CIR 48.6% 54.3% 52.8% -1.4% 4.2%

ROE 15.0% 12.8% 13.5% 0.8% -1.5%

ROA 1.5% 1.3% 1.4% 0.1% -0.1%

Asset Quality

Gross 90-Day NPL 1.5% 1.3% 1.3% 0.0% -0.2%

NPL Cover 123.7% 129.2% 130.1% 0.9% 6.4%

Capital

CAR 13.7% 12.7% 13.6% 0.8% -0.1%

CET1 12.8% 11.8% 12.7% 0.8% -0.1%


in P Bn Mar 2017 Dec 2017 QoQ

Mar 2018 YoY

* Based on BSP Circular 941, the NPL ratio as of Q1 2018 translates to 1.72% and reserve cover ratio was 100.3%

6.6

5.1

Mar 2017 Mar 2018

6.3 6.2

Mar 2017 Mar 2018

Strong Earnings Quality

Net IncomeP bn

Comprehensive IncomeP bn

-0.1%

YoY Growth

-24.0%

YoY Growth


64.0% 67.8%

36.0% 32.2%

Mar 2017 Mar 2018

11.5 12.5

6.5 5.9

18.0 18.5

Mar 2017 Mar 2018

Revenue Growth Remains PositiveCore intermediation business continued to be strong driver of revenues

RevenuesP bn

Revenue Mix

Net Interest Income Non-Interest Income

8.9%

-8.1%

YoY Growth

2.7%


5.1 4.8

1.4 1.1

Mar 2017 Mar 2018

Non-Interest Income

Securities & FX trading decrease P252 mn (-18.5%) vs last year due to lower trading gains

Fees & commissions down by P273 mn (-5.4%) vs last year

Breakdown of Non-Interest IncomeP bn

-27.84%

12.1%

-5.4%

-18.5%

YoY Growth

-8.1%

79% 81%

21% 19%

Fees & Others

Sec & FX


6.5 5.9

1.5%1.3%1.3%

123.7%130.1%

2017 2018

1,032.5

1,209.9 1,202.3

2017 2018

Loan Book Has Both Growth and Quality

Net LoansP bn

Asset Quality

17.2%

Growth

Loan book grew 17.2% YoY driven by corporate loans


Year-end Mar NPL CoverYear-end, NPL March, NPL

129.2%

73.9%

71.6%71.8%

76.2%

Mar 2017 Mar 2018

1,437.7 1,587.2

1,062.4 1,135.7

Mar 2017 Mar 2018

Deposit Growth Remains Strong

DepositsP bn

CASA Ratio, LDR

10.4%

6.9%

YoY Growth

Total Deposits CASA Deposits CASA Ratio LDR


978.5

743.9

Mar 2017 Mar 2018

698.3

681.9

700.8

2017 2018

Growth in AUM

Assets Under Management1

P bn

Asset Management FeesP mnYoY Growth

-2.4%

-15.8%

YoY Growth

-24%

1 BPI’s asset management business is managed thru three wholly-owned subsidiaries:BPI Asset Management & Trust Corp., BPI Investment Management Inc., BPI International Finance Limited


Year-end Mar

Credit Ratings

Moody’s1 Fitch Ratings2 Capital Intelligence3

Bank Financial Strength Rating

- - BBB

LT Local Currency Rating

- BBB- -

LT Foreign Currency Rating

Baa2/Prime-2 BBB- BBB

Outlook Stable Stable Stable

/1 As of March 2018 /2 As of January 2018 /3 As of October 2017


8.7 million customers

BPI: 167 Years in the Philippines

Branches ATMs/CAMs

Expansive reach in both traditional and electronic channels

844 branches*

3,117 ATMs & CAMs

17,327 employees

11

* As of March 2018, BPI & BFB only; excludes Direct BanKo branches (41) and MBOs (69), International offices (3)

110 Direct BanKobranches & MBOs

587k

20 branches

99 branches/MBOs

73 ATMs/CAMS

2,226 employees

BPI Management Presentation

Electronic ChannelsSignificant leadership in technology-based banking

12

Express Mobile

Express Phone

+14.4%

+21.0%

+3.3%

BPI Management Presentation

No. of Clients Mar 2017 Dec 2017 Mar 2018

EOL Enrollees 2,681,677 2,959,225 3,066,647

Express Mobile Enrollees 2,172,963 2,518,329 2,628,543

ExpressLink Enrollees 31,891 24,459 32,957

Corporate Clients 100,632 102,663 102,841

Penetration to Elink/Bizlink 31.7% 23.8% 32.0%

Retail Customer 7,966,983 8,365,811 8,552,156

Penetration to EOL 33.7% 35.4% 35.9%

Penetration to express mobile 27.3% 30.1% 30.7%

BPI Management Team

Picture

Cezar ConsingPresident & CEO

RetailClients

EnterpriseServices

Corporate Clients

JosephGotuaco

John Syquia

JunieVeloso

AntonioPaner

SimonPaterno

RamonJocson

TheresaJavier

MaritaGayares

EVP SVP SVPEVP &

Treasurer EVP EVP SVP & CFO SVP & CRO

Strategy &Dev’t

Risk Mgmt

RetailClients

Corporate Clients

GlobalMarkets

Financial Products &

Service


SMEClients

Streamlined reporting structure enables highly experienced group heads to focus on making BPI the Bank of Choice to our clients

GIC, 4.4%

RCAM*, 8.3%

Ayala Corp,48.2%

Public Float,39.1%

Shareholders & Equity Profile

Fundamentals Description

PCOMP Index 5.82%

Stock Price P117.00 per share

BV per share P48.06

P-B Ratio 2.43x

P-E Ratio 20.58x

Dividends P1.80 per share

Issued Shares 3.939 bn

Market Cap P461.423 bn

Shareholders As of March 31, 2018

* Roman Catholic Archdiocese of Manila


Founded in 1851, as Banco Español Filipino de Isabel II, by Catholic charities– Antonio de Ayala inaugural member of board

Named Bank of the Philippine Islands (Banco de las Islas Filipinas) after Treaty of Paris (1898)

Ayala y Compañia (present day Ayala Corp.) assumes strategic stake in 1969

Morgan Guaranty Trust Company (“MGT”)purchases stake in People’s Bank, a predecessor company, in 1974

DBS and GIC, Singapore’s sovereign wealth fund, eventually acquired MGT’s stake in 2003– GIC now has an effective 4.4% ownership

Historical Highlights

Pesos Fuertes, 1883

BPI Iloilo, 1897


BPI ₱10 note, 1933

Year Firm Description

1974 People’s Bank & Trust Retail banking

1981 Commercial Bank & Trust Expands BPI’s middle market presence

1982 Ayala Inv & Dev’t (AIDC) Adds investment banking—precursor of BPI Capital

1982 Makati Leasing JV with U.S. Leasing—precursor of BPI Leasing

1984 Family Bank & Filinvest Credit Expands consumer banking franchise

1996 CityTrust Banking Corp. Former Philippine retail operations of Citibank

2000 Far East Bank & Trust Consolidation

2000 Ayala Life, FGU Insurance BPI becomes first bancassurance platform in Philippines

2001 DBS Philippines Consumer and middle markets

2002 BPI/MS 51%-owned non-life insurance JV with Mitsui Sumitomo,

2005 Prudential Bank Expands BPI’s middle market presence

2009 BPI-Philam Life Assurance 49%-owned life insurance JV with Philam Life

2009 BPI Globe BanKO Microfinance JV with Globe Telecom, Ayala Corp

2011 ING Asset Management Trust & investment management

2014 Century Tokyo Leasing 51%-owned leasing JV with Century Tokyo Leasing

2015 Global Payments 49% JV with Global Payments

2016 BPI Direct BanKO BPI acquires 100% of BPI Globe BanKo, merges with BPI Direct

Select Historical Acquisitions & Partnerships


Dec 2017 Best Corporate Bond, PhilippinesBest M&A/Best Acquisition Financing, IndonesiaBest LCY Microfinance Bond, Philippines The Asset

Best Deal in Southeast Asia 2017 : Star Energy ConsortiumBest Leveraged Finance Backed M&A Deal in Southeast Asia 2017 : Star Energy ConsortiumBest Bond Deal for Retail Investors in Southeast Asia 2017 Alpha Southeast Asia Awards

Philippines Capital Markets Deal : AYC Finance Limited Deal Indonesia Capital Markets Deal : Star Energy Consortium IFR Asia Awards

Recent Distinctions


Jan 2018

Feb 2018

Mar 2018

Country’s Leading Life Insurance Company World Finance : Global Insurance Awards

6th Place - Asia Pacific Region’s Project Finance Deals20th Place - Global Project Finance Deals Thompson Reuters: Project Finance International Report

"Limitless" BPI Excellence Awards for PR Tools - Exhibits and Special Events categoryGold Anvil Award

BPI Trusted Advice Campaign for PR Program on a Sustained Basis categoryBPI Annual Report "Trusted Advice: Redefining Relationships with People and Communities"BPI BAYAN 2.0 for Specialized Public Relations Program Advocacy Campaign categorySilver Anvil Award

Recent Distinctions


CONFIDENTIAL

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