HENRY SY

Henry Sy still tops Forbes JULY 2012 list of PH’s 40 RichestThe top 10 richest in the Philippines are:

1. Henry Sy; $9.1 billion 2. Lucio Tan; $4.5 billion 3. Enrique Razon Jr.; $3.6 billion 4. John Gokongwei Jr.; $3.2 billion 5. David Consunji; $2.7 billion 6. Andrew Tan; $2.3 billion 7. Jaime Zobel de Ayala; $2.2 billion 8. George Ty; $1.7 billion 9. Roberto Ongpin; $1.5 billion 10. Eduardo Cojuangco Jr.; $1.4 billion

History...

•True story of “rags to riches”•Came to Phil from China at the aged of 12

to helped his father in a small sari-sari located in Carlos Palanca St. in Quiapo , Manila

•He opened the very first Shoemart store along Carriedo St. in Avenida Rizal, downtown Manila.

•SM was established originally as a shoe store in Quiapo, Manila in October of 1958.

Now...

•SM Group of Companies is the Philippines largest retailer.

•SM Group is a retail giant with 38,600 employees and annual revenues of $1.7 billion.

•SM Group of Companies is also one of the leaders in Banking & Financing Industry and Property & Real Estate Investment today.

Transformations... SM Department Store - is the country's leading one-stop lifestyle and fashion chain. For

many decades now, and for countless shoppers, it offers the widest array of quality products at affordable prices, truly the epitome of "value for money" shopping.

SM Supermarket - is the country's top supermarket chain. With an extensive, nation-

wide presence and employing state of the art retailing technology, it offers both food and non-food products, with much emphasis on quality, convenience, and affordability.

SM Hypermarket (combined)- is an innovative, rapidly-growing retail chain, offering unbeatable

convenience through its targeted balance of wet market, grocery, general merchandise, and discount products, all under one roof.

Transformations... SM Prime Holdings, Inc. (Supermalls)- is the Philippines' largest mall operator. Publicly listed since

1994, it now owns and runs world-class malls all over the country, providing millions of square meters of floor area for a fully integrated shopping, dining, and entertainment experience

BEFORE AFTER

Transformations... Corporate Social ResponsibilitySM Foundation, Inc. - is the corporate social responsibility arm of

the SM Group. It focuses on four major programs and areas of advocacy, namely, education; religious; outreach; and health.

Transformations... Banking and FinanceBanco De Oro (ranked 2nd) - is among the country's top five banks

in terms of resources. It is a full-service universal bank providing a wide range of corporate, commercial, retail, and investment banking services through its more than 200 branches in key business and commercial areas, nationwide.

Chinabank - is the first privately-owned local commercial bank in the Philippines. It was incorporated and started operations in 1920 and went public in 1965. Now a universal bank, it provides, among others, deposits and related services; international banking services; insurance products; loans and credit facilities; and trust and investment services.He borrowed 1M as a loan from China Bank to start the first shoe mart (SM)

At a Glance• "Father of Philippine

Retail" in December 2005 by the Philippine Retailers

• He was named "Management Man of the Year" by the Makati Business Club

• Honorary Doctorate in Business Management by De La Salle University-Manila in January 1999

• He is the Philippines' richest man

Henry Sy’s Net worth achievement according to Forbes ASIA

2008 2009201

0201

1 2012$3.1 $4.0 $5.0 $7.2 $9.1

TRIPPLED the growth in 5

yrs.

Teresita Sy-Coson• One of the world’s most powerful women in business• The eldest and groomed by his father as his

successor.• President of SM, Inc.,• Vice-chairman of Investments Corporation• Director of SM Prime Holdings• Director of Banco de Oro Unibank, Inc.

Henry Sy, Jr.• Vice Chairman and Chief Executive Officer of SM

Development Corporation. • Chairman for Pico de Loro Beach and Country Club,

Inc. • Vice Chairman and President of SM Land, Inc., • Vice Chairman for SM Investments Corporation, Belle

Corporation and Highlands Prime, Inc.,

Hans Sy• President of SM Prime Holdings, Inc., and Executive

Vice President of ShoeMart Inc. • President of Shopping Center Management

Corporation. • Senior Vice President of Operations of SM Prime

Holdings, Incorporated since 1994.• Chairman of Tagaytay Highlands International Golf

Club Incorporated.• Mr. Sy holds a Bachelor of Science degree in

Mechanical Engineering from De La Salle University.

• Director of Shoemart Inc.,• President of SuperValue, Inc. which handles all the SM

Supermarkets.• Director of SM Appliance Center, SM Prime• Director and Executive Vice-President of SM ACA.• Director of China Bank Corporation & Best Rubber

Corporation • Chairman of Sondrik Holdings Corporation.

Herbert Sy

Elizabeth Sy• Senior Vice President of Marketing at SM Prime Holdings Inc.

since 1994. • Treasurer of SM Investments Corp., a subsidiary of SM Prime

Holdings Inc., since 2005. • She is actively involved in investor relations for SM Prime. She

is also actively involved in the SM Group’s tourism and leisure business endeavors, overseeing operations as well as other marketing and real estate activities.

• Director of Banco De Oro Private Bank.

Harley Sy• Harley T. Sy has been the President of SM Investments

Corp., since 2005 and serves as its Chief Executive Officer.

• Served as Executive Vice President of ShoeMart Inc., a subsidiary of SM Investments Corp.

• He served as Senior Vice President and Treasurer of SM Prime Holdings Inc., from 1994 to February 20, 2007. Mr. Sy was involved in the merchandising area of the SM Department Store, as well as retail affiliates within the SM Group.

• Has been a Director of China Banking Corp., since May 2001 and SM Investments Corp., since 1993.

“There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: it is a combination of hard work, good credit standing, opportunity, readiness and timing. Success will not last if you do not take care of it.”

– Henry Sy

Business Affiliates

• SM Investments Corporation (SMIC) is the holding company of the SM Group of Companies. SMIC is engaged in four businesses through its subsidiaries: shopping mall development and management (SM Prime Holdings, Inc.), retail merchandising (SM Department Stores, SM Supermarket and SM Hypermarket); financial services (Banco de Oro Unibank Inc. and China Banking Corporation), and real estate development and tourism (SM Land, Inc., SM Development Corporation and Highlands Prime, Inc.).

Business Affiliates

• SM Prime Holdings, Inc. (PSE: SMPH) or SM Prime is the parent company of the SM Group’s shopping malls. It is the largest shopping mall and retail operator in the Philippines. It was incorporated on 6 January 1994 by Filipino-Chinese entrepreneur Henry Sy to develop, conduct, operate and maintain the SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centers. It later went public on 5 July 1994 and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue.

Business Affiliates

• SM Development Corporation (SMDC) was originally incorporated in 1974 as Ayala Fund, Inc., a closed-end investment company. In March 1986, it was renamed SM Fund, Inc. after the SM Group of Companies took majority ownership of the company. Since then, SM Fund, Inc. remained as an investment company providing investors with a professionally managed vehicle to invest in diversified businesses in the country.

Business Affiliates

• Banco De Oro Unibank Inc. (BDO), originally known as Acme Savings Bank, was acquired by the SM Group in 1976. The SM Group is one of the largest conglomerates in the Philippines, with substantial interests in financial services, real estate development, and tourism and entertainment, founded around its core business in commercial centers and retailing. BDO listed its shares on the Philippine Stock Exchange (PSE) on May 21, 2002.

Business Affiliates

• China Banking Corporation, together with its subsidiaries, provides commercial banking products and services to businesses and entrepreneurs, as well as to individuals in the Philippines. It offers deposit products, loans and trade finance, domestic and foreign fund transfers, treasury products, trust products, foreign exchange, corporate finance, and other investment banking services. The company also offers insurance brokerage, computer services, and asset management services.

Business Affiliates

• San Miguel Corporation (PSE: SMC and SMCB) is the largest publicly listed food, beverage and packaging company in the Philippines. As of 2001, its business generated 3.6 percent of the Philippines’ gross domestic product and 4.5 percent of the government’s tax revenue. Founded in 1890 as a brewery, San Miguel now makes nine out of every 10 bottles of beer, 87 percent of the soft drinks, 60 percent of the processed meat and 40 percent of the poultry sold in the Philippines. The trade-name San Miguel originates from St. Michael the archangel.

Business Affiliates

• Belle Corporation is a leading Philippine developer of high-end residential and leisure properties. Its products are located in a recreational area comprising mountains, rolling hills, and lakeshores about 1-2 hours south of Manila in Tagaytay City and Batangas province, with spectacular views of Taal Lake and the surrounding countryside.The Belle Group owns approximately 1,280 hectares of undeveloped land around existing finished and in-process projects, on which it will develop future projects over at least the next five years without the need for substantial new land acquisitions.

Business Affiliates

• Highlands Prime, Inc. engages in developing leisure properties in the Philippines. The company’s property assets comprise undeveloped land, subdivision lots, and finished residential units located in Tagaytay City, Cavite, and Batangas. It sells its products primarily to members of Tagaytay Highlands International Golf Club, Inc.; Tagaytay Midlands Golf Club, Inc.; and The Country Club at Tagaytay Highlands through accredited sales agents and brokers.

54 SM MALLS NATIONWIDE AS OF 2012

1. SM City North EDSA 2. SM City Sta. Mesa3. SM Megamall 4. SM City Cebu 5. SM Southmall 6. SM City Bacoor 7. SM City Fairview 8. SM City Iloilo 9. SM City Manila 10.SM City Pampanga 11.SM City Sucat 12.SM City Davao 13.SM City Cagayan de

Oro 14.SM City Bicutan 15.SM City Lucena 16.SM City Baguio 17.SM City Marilao 18.SM City Dasmariñas

19.SM City Batangas 20.SM City San Lazaro 21.SM Valenzuela22.SM Center Molino 23.SM City Sta. Rosa 24.SM City Clark 25.SM Mall of Asia 26.SM Center Pasig 27.SM City Lipa 28.SM City Bacolod 29.SM City Taytay 30.SM Muntinlupa31.SM City Marikina 32.SM City Rosales 33.SM City Baliwag 34.SM City Naga 35.SM Center Las Piñas 36.SM City Rosario

37.SM City Tarlac 38.SM City San Pablo 39.SM City Calamba 40.SM City Novaliches 41.SM City Masinag 42.SM Dasmariñas 43.SM City Olongapo 44.SM City Consolacion 45.SM City San

Fernando 46.SM City General

Santos 47.SM Lanang Premier 48.SM City Novaliches 49.SM City BF-

Paranaque 50.SM Aura 51.SM Seaside City

Cebu 52.SM City Dagupan 53.SM Commonwealth 54.SM City Cabanatuan

HENRY SY