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Ayala Corporation, a holding company with a diverse business

portfolio, has a legacy of pioneering the future. Founded in 1834, it

has achieved its position of leadership by being values driven, goals

oriented, and stakeholder focused.

Anchored on values of integrity, long-term vision, empowering

leadership, commitment to national development, we fulfill our

mission to ensure long-term profitability, increase shareholder value,

provide career opportunities, and create synergies as we build

mutually beneficial partnerships and alliances with those who share

our philosophy and values.

With entrepreneurial strength, we continue to create a future that

nurtures to fruition our business endeavors and personal aspirations.

Our Mission

• Ayala Corporation was founded by two pioneering and visionary individuals in 1834 (Domingo Roxas & Antonio de Ayala)

• Ayala’s pioneering history is inextricably linked to

that of the country’s and to the development of its key industries

• 1834: Introduced first commercial distillery in the

country • 1851: Established presence in Banco Espanol Filipino,

the first commercial bank in the Philippines and in Southeast Asia, later branching out into life and non-life insurance

• 1876: Pioneered the country’s first public transport (Tranvia)

1920s – 1930s: Pioneered in large-scale, masterplanned real estate development, transforming a vast track of land into the country’s first and premiere business district

1970s: Forged partnership with Mitsubishi Corporation; listed in the Philippine Stock Exchange

1980s: Expansion and growth of real estate and banking businesses; established presence in electronics manufacturing

1990s: Invested in mobile telecommunications network and privatization of Manila’s water distribution infrastructure; established Honda & Isuzu automotive dealerships

2000: Invested in business process outsourcing sector

2011: Investing in Power and Transport Infrastructure Sector

NEW BUSINESSES:

Scale-Up INTERNATIONAL:

Turn-Around

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Ayala Group Overview

100.0%

Manila Water

• Top 5 in CRM

• Top 3 in KPO

• Top 3 in Graphics

Design Outsourcing

Most profitable bank among peers

Pioneer in water

infrastructure

development

Largest and only full line property developer in the country

50.2%

43.2%

24th of the top 50 EMS

companies in the world

44.0%

30.5% Second largest telco company in the country

58.0% 100.0%

100.0%

Our portfolio of assets consists of our core businesses, international, and new ventures

CORE BUSINESSES:

Expand Aggressively

POWER:

• ~US$100-200M annually on power projects over the next five years

• Target 1,000MW over 5 years of renewable and conventional power assets

INFRASTRUCTURE:

• ~US$300-US$500M allotted for PPP projects , focusing on airport, rail and toll-road projects

• Forging strategic partnerships with local and foreign entities

AYALA IS SCALING-UP ON NEW GROWTH PLATFORMS, SPECIFICALLY IN POWER AND INFRASTRUCTURE

Equity investments will double in the next five years

We are seeking a combination of

acquisitions and green-field

investments to optimize cash and

earnings

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Investments – US$ Billions (total over last 5 years vs. total over next 5 years)

0.5

0.1

0.2

2007-2011

Infrastructure

Power

BPO

2x

2012-2016

1.0

0.3

0.5

AG Holdings 0.1

MWC 0.1

Others

0.2 Others

• 2x135 MW CFB

• Phase 1 target

operations in 2014

NORTHWIND POWER

CORP. 50%

PHILNEWHYDRO

GROUP 70%

• 100+ MW of approved

service contracts

• 33MW windfarm

• Expansion potential

of over 60 MW

SOUTH LUZON THERMAL ENERGY CORP. (Batangas) 50%

Robust pipeline of acquisition and

greenfield opportunities in renewable

and conventional technologies 7

CONVENTIONAL ENERGY RENEWABLE ENERGY

PALM CONCEPCION POWER CORP. (Panay) 40%

• 2x135 MW CFB

• Signed MOA

PHILNEWENERGY

50%

• 35 MW of approved

service contracts

P O W E R : Committed US$150M of equity on over 300MW of capacity

16,257

8,109 8,154

11,161

9,395

2007 2008 2009 2010 2011

Ayala Corporation

Consolidated Net Income (in million pesos) •Group-wide revenues of close to

P250B in 2011, equivalent to

nearly 3% of Philippine GDP

• Total group net income of close to

P35 B in 2011

•Combined market cap of listed

companies of over $25bn,

accounting for 20% of Phisix

•Core businesses in real estate,

banking, telecom and water are top

1 or 2 in their respective industries

•Over 50,000 employees worldwide

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in billion US$ As of

09.30.12 As of

12.31.11

Gross Debt* 1.15 0.99

Cash 0.70 0.41

Net Debt 0.47 0.58

Net Debt to Equity

Ratio

0.16:1 0.24:1

*Excludes preferreds

PARENT DEBT PROFILE (as of September 30, 2012)

*excludes P6B preferreds

Ayala has the financial strength to enable growth We have a strong balance sheet that can support our sizeable investments

We leverage different funding sources to generate cash

Low net D/E ratio (0.16)

Healthy cash balance to fund projects in the next 12-18 months

Capacity for additional leverage in the next 5 years as dividend flows and earnings increase

Proceeds from potential asset sales

ALI

BPI

GLOBE

MWC

IMI

KEY INTERNATIONAL STRATEGIC PARTNERS

KEY DOMESTIC STRATEGIC PARTNERS

LiveIt

AC Energy

AC Infra

CII

CII

AYALA FORGES STRATEGIC PARTNERSHIPS TO ENABLE GROWTH We continue to strengthen and expand our strategic partnerships with a broad range of organizations to ensure the right sets of skills and capabilities for every business

Strong track record of long-term partners, both local and international 22

HFIC