2024 SMIC Integrated Report – Growth With Purpose

Growth with Purpose

2024 Integrated Report

“In this favorable environment, we pursued strategic expansion for our core businesses across the nation and, at the same time, continued to invest in high-growth sectors that create additional synergies with our existing business ecosystem.”

Frederic DyBuncio

President & CEO
2024 FINANCIAL PERFORMANCE (PHP)

A Year of Growth

82.6 BN

Earnings

654.8 BN

Revenue

1.1 TN

Market Capitalization

1.7 TN

Total Assets

14 %

Return on Equity

142,000

Employees

Our Businesses

SM invests in businesses that drive economic growth by working together and creating synergies. Our ecosystem of businesses spans Retail, Properties, Banking and Portfolio Investments. These work together to expand access, create opportunities and support long-term growth for Filipinos.

Our Businesses

SM invests in businesses that drive economic growth by working together and creating synergies. Our ecosystem of businesses spans Retail, Properties, Banking and Portfolio Investments. These work together to expand access, create opportunities and supportlong-term growth for Filipinos.

RETAIL

PROPERTIES

BANKING

PORTFOLIO INVESTMENTS

Our Business Footprint

4,470

Retail Outelts

87

Malls

2,441

Bank Branches

22

Integrated Property
Developments

77.3 %

Effective Interest

SM Retail

76

SM Store

221

Savemore

1,868

Specialty Stores

2,092

Alfamart

66

Supermarket

56

SM Hypermarket

90

Waltermart

1

Mindpro

49.7 %

Effective Interest

SM Prime

22

Integrated
Lifestyle Cities

87

Malls in PH

25

Leisure Home
Developments

2

Trade Halls

10

Hotels

22

Office Buildings

8

Malls in China

6

Convention
Centers

67

Primary
Residences

1

Arena

45.2 %

Effective Interest

BDO

5,815

ATMs

1,791

Branches in PH

2

Foreign Branches

15.1 %

ROCE

1.83 %

NPL Ratio

22.5 %

Effective Interest

Chinabank

1,081

ATMs

650

Branches in PH

15.6 %

ROE

1.6 %

NPL Ratio

Portfolio
Investments

26.6 %

Bell Corp.

71.3 %

PULS

95 %

NEO Subsidiaries

34 %

NEO Associates

51 %

Airspeed

67.2 %

2GO Group

100 %

PGPC

34.1 %

Atlas Mining

64.1 %

Goldilocks

Financial Highlights

Earnings Mix

18 %

Retail

49 %

Banking

26 %

Properties

7 %

Portfolio Investments

Performance Review

in PHP Billions

Assets

2024

1,699.1

2023

1,586.2

2022

1,479.4

8%
3-year
CAGR

Revenues

2024

654.8

2023

616.3

2022

533.0

15%
3-year
CAGR

Earnings

2024

82.6

2023

77.0

2022

61.7

27%
3-year
CAGR

Financial Performance at a Glance

PHP 7.6 BN

Earnings

PHP 60.1 BN

Revenues

2024 Sustainability Highlights

0

Integrated Property Developments Across the Country

0 %

Projected Cumulative GHG Reduction by 2040

250-400MW

of Potential capacity in the exploratory stage for the 5 Geothermal Sites

Over
0

Green Finds Offerings

Over
0

Job Seekers Connected with Employers Through the SM J.O.B.S. (Job Opportunities, Building Skills) Program

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