1.12 1.13 1.13 1.

13
2018 2019 2020 2021
1.12 1.13 1.13 1.13

2018 2019 2020 2021

0.96 1.00 1.00 1.00
WUI CURRENT
1.01 1.132
1
1.00 1.13

0.99 1.128
1.126
0.98
1.124
0.97
1.122
0.96 1.12
1.12
0.95
1.118
0.94 1.116
0.93 1.114
2017.5 2018 2018.5 20172019 2019.5
2017.5 2020
2018 2020.5
2018.5 2
WUI CURRENT RATIO

1.13 1.13 1.13

1.12

2019.5
2017.5 2020
2018 2020.5
2018.5 2021
2019 2021.5
2019.5 2020 2020.5 2021
ITEM 2018 2019 2020 2021
Interest Income 129.67B 161.13B 157.58B 145.09B

Interest and Fees on Loans 115.38B 142.91B 138.74B 124.55B

Interest Income on Fed. Funds - - - -

Interest Income on Fed. Repos - - - -

Interest on Bank Deposits 1.73B 1.38B 2.16B 1.55B

Other Interest or Dividend Income 12.55B 16.84B 16.69B 18.98B

Total Internest Expense 30.75B 40.68B 23.33B 13.53B

Interest Expense on Bank Deposits 25.6B - - 6.95B

Other Interest Expense 5.15B 40.68B 23.33B 6.58B

Interest Expense on Debt 5.15B 8.63B 7.81B 6.58B

Interest Capitalized - - - -

Other Borrowed Funds - 32.05B 15.52B -

Net Interest Income 98.92B 120.45B 134.25B 131.55B
Loan Loss Provision 6.14B 6.17B 29.62B 17.22B

Net Interest Income after Provision 92.78B 114.29B 104.63B 114.33B

Non-Interest Income 47.36B 58.93B 54.66B 61.15B
Securities Gain 244M - - -
Trading Account Income (1.86B) 1.87B 5.56B 220M
Trust Income, Commissions & Fees 30.69B 35.25B 28.63B 34.85B

Commission & Fee Income 27.37B 31.72B 24.82B 30.49B

Other Operating Income 14.5B 17.99B 18.72B 22.46B
Other Operating Income
Non-Interest Expense 128.37B 114.61B 112.62B 119.22B

Labor & Related Expense 30.45B 35.39B 37.39B 41.74B

Equipment Expense 5.75B 2.81B 3.7B 4.38B

Other Operating Expense 44.53B 54B 50.33B 54.97B

Operating Income 42.52B 58.6B 46.67B 56.26B
Income Taxes 11.01B 15.02B 17.78B 12.91B
Income Tax - Current - Domestic 11.01B 14.57B 17.08B 10.72B
Income Tax - Current - Foreign
Income Tax - Deferred - Domestic (6M) 454M 695M 2.19B
Income Tax - Deferred - Foreign - - - -
Income Tax Credits
Equity in Affiliates
Other After Tax Income (Expense)
Consolidated Net Income 32.64B 44.17B 28.25B 42.86B
Minority Interest Expense (69M) (26M) 8M 64M
Net Income 32.71B 44.19B 28.25B 42.79B
Extraordinaries & Discontinued Operat- - - -
Extra Items & Gain/Loss Sale Of Assets- - - -
Cumulative Effect - Accounting Chg - - - -
Discontinued Operations - - - -
Net Income After Extraordinaries - - - -
Preferred Dividends 339M 339M 339M 340M
Net Income Available to Common 32.37B 43.86B 27.91B 42.45B
EPS (Basic) 7.4 10.02 6.37 9.6
Basic Shares Outstanding 4.37B 4.38B 4.38B 4.39B
EPS (Diluted) 7.4 10.02 6.37 9.66
Diluted Shares Outstanding 4.37B 4.38B 4.38B 4.43B

Operating Activities
Fiscal year is January-December. All values PHP.
ITEM 2018 2019 2020 2021
Funds from Operations 48.4B 55.28B 58.35B 62.36B
Changes in Working Capital 8.83B 15.45B (866M) 10.35B
Net Operating Cash Flow 57.23B 70.73B 57.48B 72.71B

ITEM 2018 2019 2020 2021

Capital Expenditures (8.14B) (4.4B) (3.09B) (3.85B)
Capital Expenditures (Fixed
(8.14B) (4.4B) (3.09B) (3.85B)
Assets)
Capital Expenditures (Other
- - - -
Assets)
Net Assets from Acquisitions - - - -
Sale of Fixed Assets & Businesses 230M 310M 131M 158M
Purchase/Sale of Investments (47.79B) (52.83B) (68.86B) (97.49B)
Purchase of Investments (127.29B) (146.3B) (324.12B) (655.96B)
Sale/Maturity of Investments 79.5B 93.47B 255.27B 558.46B
Increase in Loans (265.65B) (192.12B) (59.37B) (145.08B)
Decrease in Loans - - - -
Other Uses - - - -
Other Sources - - - -
Net Investing Cash Flow (321.34B) (249.03B) (131.18B) (246.27B)
ITEM 2018 2019 2020 2021
Cash Dividends Paid - Total (5.59B) (5.59B) (5.6B) (5.6B)
Common Dividends (5.25B) (5.59B) (5.6B) (5.6B)
Preferred Dividends (339M) - - -
Decrease in Deposits - - - -
Increase in Deposits 297.68B 66.04B 126.31B 210.84B
Change in Capital Stock 461M 746M 306M 133M
Repurchase of Common & Preferred
- - - -
Stk.
Sale of Common & Preferred Stock 461M 746M 306M 133M
Proceeds from Stock Options 461M 746M 306M 133M
Issuance/Reduction of Debt, Net 7.55B 27.9B 37.91B (12.05B)
Change in Current Debt - - - -
Change in Long-Term Debt - - - -
Issuance of Long-Term Debt - - - -
Reduction in Long-Term Debt - - - -
Other Funds (27M) - - -
Other Uses (27M) - - -
Other Sources - - - -
Net Financing Cash Flow 300.08B 85.97B 155.98B 190.09B
Exchange Rate Effect - - - -
Miscellaneous Funds - - - -
Net Change in Cash 35.97B (92.33B) 82.28B 16.53B
Free Cash Flow 49.09B 66.34B 54.39B 68.86B

Breakdown
TTM
12/30/2021
12/30/2020
12/30/2019
12/30/2018
Operating Cash Flow
115,385,000
128,186,000
114,251,000
-63,774,000
90,312,000
Investing Cash Flow
-98,221,000
-90,901,000
-61,644,000
-48,483,000
-56,740,000
Financing Cash Flow
-54,009,000
-20,754,000
29,674,000
19,931,000
2,399,000
End Cash Position
533,859,000
547,878,000
 531,347,000
449,066,000
541,392,000
Changes in Cash
-36,845,000
16,531,000
82,281,000
-92,326,000
35,971,000
Beginning Cash Position
570,704,000
531,347,000
449,066,000
541,392,000
505,421,000
Capital Expenditure
-3,673,000
-3,853,000
-3,089,000
-4,397,000
-8,135,000
Issuance of Capital Stock
164,000
133,000
306,000
746,000
461,000
Issuance of Debt
141,240,000
127,859,000
375,207,000
510,151,000
297,475,000
Repayment of Debt
-181,404,000
-139,905,000
-337,299,000
-482,251,000
-289,925,000
Free Cash Flow
111,712,000
124,333,000
111,162,000
-68,171,000
82,177,000
0.01
2018 2019 2020 2021
0.03 -0.02 0.34 0.04

CASH FLOW OF TOTAL ASSETS

0.40
0.34
0.35

0.30

0.25

0.20

0.15

0.10

0.05 0.03

0.00 -0.02
2017.5 2018 2018.5 2019 2019.5 2020 2020.5
-0.05
OF TOTAL ASSETS

0.34

0.04

2019.5 2020 2020.5 2021 2021.5