Alphaland Corporate Presentation

Strong balance sheet management withstaggered debt maturitiesDebt maturity profile as at 30 September 2012(PHP in millions)16.4% 19.8% 9.5% 16.4% 11.5% 8.1% 18.2%Key debt metricsAmount(PHP billion)Gross debt 5.3 (1)Net debt 4.9 (1)93Interestcoverage3.1x (1)80034516079341983135720015450465338250240942012 2013 2014 2015 2016 2017 After 2017Facility 1 Facility 2 Facility 3 Credit line 1(2)• Well staggered debtmaturity profile• The Company hassufficient debt capacityto support its capitalexpenditurerequirements in the next12 to 24 months• Significant undrawn butcommitted lines% total debt(1) As at and for the quarter ended 30 September 2012. Interest coverage is calculated as LTM EBITDA / interest paid and other financing charges.EBITDA includes realized gains on sale of AFS investments.(2) Represents drawdowns from PHP2 billion Bank of Commerce credit line, which are payable 180 days after drawdown. 28