2023-2024-ANNUAL REPORT

2023-2024

ANNUAL REPORT Makati (Sports) Club, Inc.

MSCI PAST PRESIDENTS Jaime Zobel De Ayala 1976-1977 Adolfo Duarte 1977-1978 Vicente R. Ayllon 1978-1979 Jovencio F. Cinco 1979-1980 Renato L. Paras 1980-1981 Antonio R. Santamaria 1981-1982 Agustin R. Bengzon 1982-1983 Luis P. Vera 1983-1984 Alfred X. Burgos, Jr. 1984-1985 Felino L. Ampil 1985-1986 Alex Y. Pardo 1986-1987 Lucito L. Sioson 1987-1988 Ricardo G. Librea 1988-1989 Victor T. Gomez, Jr. 1989-1990 Ignacio A. Macrohon, Jr. 1990-1991 Claudio B. Altura 1991-1992 Cecile H. Cheng 1992-1993 Rogelio G. Villarosa 1993-1994 Sixto S. Sandejas II 1994-1995 Rico V. Domingo 1995-1996 Salvador R. Fabregas 1996-1997 Ricardo G. Librea 1997-1999 Jovencio F. Cinco 1999-2000 2000-2001 Eliseo V. Villamor 2001-2002 Rogelio G. Villarosa 2002-2003 Alicia L. Cinco 2003-2004 Ismael M. Estella 2004-2005 Oscar J. Ledesma, Jr. 2005-2006 Alejandro Z. Barin 2006-2007 Alicia L. Cinco 2007-2008 Rogelio U. Marasigan 2008-2009 Ismael M. Estella 2009-2010 Claudio B. Altura 2010-2011 Alicia L. Cinco 2011-2012 Renato C. Valencia 2012-2013 Jose S. Sandejas 2013-2014 Robin A. King 2014-2015 Dexter E. Quintana 2015-2016 Manuel Q. Bengson 2016-2017 Edward T. Gabaldon Ismael L. Melendres, Jr. 2017-2018 2018-2019 Alicia L. Cinco Marlon Dennis L. Loyola 2019-2020 2020-2021 Eduardo V. Francisco 2021-2022 Jaime C. Laya Rogelio M. Guadalquiver 2022-2023

As a sports club, the Makati (Sports) Club

advocates

the

promotion

of

physical well-being and ability, and thus provides means for its members to engage

in

fitness

activities

and

wholesome relaxation.

It believes in the important role that exercise, sports, and healthy living play in

personal

development,

in

the

formation and functioning of active minds and bodies, and of physically fit professionals who lead meaningful and productive lives in the service of the community and the country.

It also has a variety of dining and banquet facilities which provide the perfect venue for business and leisure.

Truly, the Makati Sports Club, Inc. is an oasis in the heart of the country’s premier business district and a valuable lifestyle investment you can enjoy.

Board of Directors Ismael L. Melendres, Jr. President Atty. Simplicio M. Virtudazo, Jr.

Atty. Godofredo C. De Guzman

Vice President/

Corporate Secretary/

Membership Committee Chairman

HRD Committee Chairman

Dexter E. Quintana

Eduardo V. Francisco

Treasurer/

House/

Finance Committee Chairman

Committee Chairman

Francisco S. Rondilla

Leopoldo M. Lopez, Jr.

Construction/

Sports & Games/

Committee Chairman

Committee Chairman

Carlos Simon T. Casas

Emmanuel Y. Mendoza

Socials/

Planning and Development/

Committee Chairman

Committee Chairman

PRESIDENT'S MESSAGE Dear Members of the Makati Sports Club Inc. I am delighted to present to you the Annual Report for the year 2023-2024, highlighting the remarkable achievements and significant milestones of our Club over the past year.

Facility Enhancements: We have undertaken several significant projects aimed at enhancing the facilities and experiences we offer to our esteemed members.

These include:

ISMAEL L. MELENDRES, JR. President

The resurfacing of our tennis courts, modeled after the prestigious US Tennis Open courts, demonstrating our commitment to excellence in sports facilities.

The renovation of the Zobel main dining area and the bowling alley, providing our members with upgraded and modernized spaces to dine and socialize.

The creation of the Sports Hub and the installation of access ramps to the San Antonio and Club, ensuring inclusivity and accessibility for all members.

Financial Performance: On the financial front, I am thrilled to report that the excess of Income over expenses before tax grew by approximately 61% compared to the previous year. This significant increase is mainly due to a rise in patronage and the outstanding performance of our Food and Beverage business.

Future Plans: We are pleased to announce that the Club has allocated a substantial figure for a several important initiatives aimed at further enhancing our facilities and services.These include: Rehabilitating the bowling alley pin setting machines to ensure our members can continue to enjoy his beloved recreational activity.

Constructing ramps for persons with disabilities (PWD), demonstrating our commitment to inclusivity and accessibility.

Upgrading various club facilities to meet the highest standards of excellence and provide our members with top-notch amenities and experiences.

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Makati (Sports) Club, Inc.

Events and Tournaments: In addition to these projects, our Club has successfully organized and hosted a variety of events and tournaments throughout the year, including the 48th Anniversary celebration, two car raffles, Octoberfest, Employees’ Sportsfest, and Christmas Party.

Furthermore, we have held prestigious sports tournaments such as the Pro Am league, the President’s Singles Cup, and the Chairman’s Cup Doubles, showcasing the talent and dedication of our members.

Community Engagement: We have also continued our commitment to social responsibility by making meaningful contributions to the community through donations to the CRIBS Foundation and the Salesian Society of St. John Bosco Healthcare Program, reflecting our dedication to making a positive impact beyond the walls of our Club.

Spiritual Enrichment: Lastly, I am pleased to announce the resumption of Sunday masses at the San Antonio function, providing our members with spiritual nourishment and fellowship.

Conclusion: As we reflect on the past year, I am filled with pride and gratitude for the collective efforts of our members, staff, and partners in making these achievements possible.Together, we have continued to uphold the legacy of excellence and camaraderie that defines the Makati Sports Club Inc. Thank you for your continued support and dedication to our Club. Together, we will continue to achieve great things and create lasting memories for years to come.

Sincerely,

Ismael L. Melendres President Makati Sports Club, Inc.

www.makatisportsclub.com

2023-2024 Annual Report

2

HOUSE COMMITTEE Mr. Eduardo V. Francisco Chairman

Vice-Chairman: Atty. Simplicio Virtudazo, Jr. Members: Mr. Jovencio Cinco Atty. Ian Ray Malilong Mr. Lorenzo T. Lichauco

The committee is pleased to report its accomplishments for the board year 20232024:

Proposed to Asia Traders Corporation a rental fee of at ₱17,000.00 with one (1) month advance payment and two (2) months deposit for the Pro Shop.

Approval of the Board for the replacement of the old monitors and the purchase of refurbished and new monitors from Puyat Sports for the bowling area amounting to ₱573,121.92.

Proposed the replacement of the air conditioning system and/or unit at the Ayala Banquet Halls.

Approval for the purchase one 6HP aircon each for the Zobel, Dasmariñas, and Bel Air and a 4HP aircon for Gallerie, which will cost around ₱940,000 in total.

Approval of the budget for the procurement of one ice maker machine amounting to ₱350,000.00 and 12 Executive Chairs for the Boardroom amounting to ₱180,000.00 in total.

Drafted the rules and regulations for the usage of the Sports Hub in coordination with the Sports Committee to maintain order in the Club.

Approval for the purchase of one (1) industrial oven amounting to ₱595,000.00.

Approval of the procurement of the Membership Card Printer

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Makati (Sports) Club, Inc.

Food and Beverage Promotions: Hawaiian-themed Mother’s Day Celebration - 14 May 2023 Mediterranean-themed Father’s Day celebration - 18 June 2023 Japanese Festival from June 19 to 23, 2023 at the Log Cabin.

Salad-All-You-Can introduced on 07 August 2023 Executive Meals launched in August 2023 Japanese Bento Executive Meals Launching of QR Code for the menu Sizzling Festival (Bangus, Tofu, and Pork Sisig) American Thanksgiving Lunch Gift certificates for lunch buffet at the Zobel Dining Room Themed Dining at the Bistro Lounge

F&B PROMOTIONS

2023-2024 Annual Report

4

FINANCE COMMITTEE Dexter E. Quintana Chairman

Vice-Chairman: Mr. Francisco Rondilla Members: Mr. Jovencio Cinco Mr. Rogelio Guadalquiver Mr. Aurelio Alonzo The Finance Committee presents the following achievements for the Board Year 2023-2024: Exercised prudent management of the club’s funds including the placement of available cash in higher yielding securities.

Reviewed and updated our accounting and cost control procedure Reviewed and approved the monthly financial reports.

Reviewed and approved the audited financial statements for the year ended December 31, 2023 as audited by our independent auditors, KPMG R.G Manabat & Co. Approved and released all funding requirements for Zobel dinning renovation, resurfaced the outdoor tennis court and bowling hub improvements.

Promptly paid the municipal real property tax.

Maintained a good credit standing with various suppliers of the club Improved collection efficiency on delinquent accounts Generated additional cash flows through auction of delinquent account and treasury share Funded and provided a Directors and Officers Liability Insurance for its directors and officers Reviewed the Employee’s Retirement Plan and evaluated the Actuarial Report to ensure that the club is compliant with the provisions of R.A 4917 and ensure that the retirement needs are adequately funded.

The Club achieved a surplus income over expenses after tax amounting to P19.83 million as a result for additional P7.57million net cash flows ended December 31, 2023.

The Financial Statements and the report of Independent Auditors are compiled inside a compact disc (CD) attached to this Annual Report.

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Makati (Sports) Club, Inc.

Atty. Godofredo C. De Guzman Chairman

HUMAN RESOURCE HRD DEVELOPMENT COMMITTEE COMMITTEE Vice-Chairman: Mr. Leopoldo Lopez Jr. Members: Mr. Jovencio Cinco Mr. Sisenando Bengzon The Human Resource Development Committee is pleased to report its accomplishments for the board year 2023-2024: Ratified the disbursement/release of the half of the 13th-month pay to the employees.

Proposed to update the HR guidelines Discussed the salary adjustment for the employees Discussed the Regional Tripartite Wages issued Wage Order No. 24 requiring the increase of the minimum wage to ₱600.00 or ₱40.00 per day.

Approval of the compliance to Wage Order No. 24.

Discussed a letter from the union about wage distortion in light of the recent wage increase under Wage Order No. 24.

Updated the Board on the Club’s renewal of DOT MICE Accreditation (Meetings, Incentives, Convention, and Exhibition/ Events) which is valid until 30 June 2025.

Discussed with the Board a complaint made by an employee against a member, who had been treating the employees rudely, leaving nasty comments, and snarling inappropriate language.

Proposed increasing the incentive of the employees who will be given loyalty awards and approval to give ₱5,000.00 to all employees who have served for 5 years as their incentive and loyalty award.

Employees’ summer outing on March 18, 2023 Employees’ Sportsfest held on 14 July 2023 Seminar for employees conducted by the Philippine Red Cross-Rizal Chapter on 08 August 2023 about risk and disaster response.

Cooking demonstration, dubbed as Chef-to-Chef Demo, was organized by Nestle Philippines on August 24, 2023 Oath taking of the newly elected union officers on 04 September 2023.

Seminar on bartending techniques on 20 and 21 September 2023 Employees’ Christmas Party held on December 23, 2023 Lantern Making Contest among the employees Approval for an additional ₱5,000.00, on top of the current monetary award, for those who have reached 10 years and above (for every 5-year increment only).

Approval of the implementation of a new performance evaluation for managers and supervisors

2023-2024 Annual Report

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Mr. Francisco S. Rondilla Chairman

CONSTRUCTION COMMITTEE Vice-Chairman: Mr. Dexter Quintana Members: Architect Rogelio Villarosa Mr. Carlos Simon Casas

The committee proudly presents the following accomplishments for the board year 2023-2024: MAJOR PROJECTS: Resurfacing of the indoor and outdoor tennis courts Renovation of the Zobel Dining Room.

Renovation of the bowling area Installation of the window type air-conditioning units for the Male & female toilets near Club Deli.

Installation of the new tables and chairs in the bowling /Sports Hub Replacement of ACCU Scoring system monitor.

Resanding and re-varnishing of the bowling lanes Replacement of the front end motor of the bowling lanes 1 & 2 Replacement of the air-conditioning units at the Zobel dining room and Function rooms - Dasmarinas, San Lorenzo, Gallerie, and Bowling area Re-landscaping of the Club areas.

Installation of the arcade game machine.

Zobel Dining Room 7

Makati (Sports) Club, Inc.

Indoor Tennis Courts

Sports Hub and Bowling Area REPAIRS AND MAINTENANCE Preventive maintenance of the Gym equipment Repainting of the PWD ramp in the poolside cabin.

Replacement of the defective urinal sensor in the male toilet and poolside cabin.

Installation of the new brass directional signage.

Replacement of the busted lights at the Ayala Banquet hall.

Replacement of the perimeter lights with higher lumens.

Fabrication of the wooden table for poolside cabin.

Replacement of the high pressure regulator of main LPG cylinder tank.

Weekly cleaning of swimming pool and driver's quarter.

Repainting, re-upholstering of the steel post of the indoor tennis court and repainting of tennis lines.

Repainting of the steel chairs in the Poolside Cabin and Sports Pavilion Annual cleaning of cistern at the clubhouse and Pavilion.

Monthly preventive maintenance of the Life fitness gym equipment.

Installation of two units of exhaust fan in the bowling machine room.

Repainting of the concrete wall in the swimming pool.

Replacement of the acoustic ceiling board in the bowling approach.

2023-2024 Annual Report

8

Atty. Simplicio M. Virtudazo, Jr. Chairman

MEMBERSHIP HRD COMMITTEE COMMITTEE Vice-Chairman: Mr. Eduardo V. Francisco Members: Mrs. Jennifer C. Guerrero Atty. Ian Ray P. Malilong

The Committee is pleased to report its accomplishments in the year 2023: Processed 92 applications for membership Processed 2 applicants for lifetime membership Inducted 79 new regular and 2 Life members.

Processed 11 over-aged dependents.

Conducted two (2) public auction sale on 24 August 2023, one (1) Class B sold at Php2.0M and on 10 October 2023, One (1) Class A sold at Php2.5M Collected Php4,607,500.00 transfer and assignment fees for the year 2023 The Committee extends its gratitude to all members for their continued support and cooperation.

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Makati (Sports) Club, Inc.

LIST OF NEW MEMBERS INDUCTED DURING BOARD YEAR 2023-2024 June 16, 2023

Ronald W. Anderson Leopoldo Fernando Calixto II Felipe Enrico V. Calvelo Buck M. Guico Rosalie Habana Rogelio C. Lalu Renato L. Magadia Jr. Glenn M. Mangaoil Antonilo D. Mauricio Meredith Ngo Elcid C. Pangilinan

Yuichiro Yoi

August 18, 2023

Narciso T. Torres, Jr. Xi Yin Karl Yu Kim Teng Emilio Eldifonso B. Monfort Emilio P. Gonzalez-Lao Martin Paolo L. Marty Jamie Carmina I. Cumpas Regina T. Evangelista Andre S. Kahn Maria Beatriz Patricia G. Cheng Lila Remedios P. Cailles Oscar Joseph Maria L. Anonas

Juan L. Diaz III Lifetime Member Robin A. King Romeo C. Isip

June 16, 2023

March 17, 2023

August 18, 2023

2023-2024 Annual Report

10

LIST OF NEW MEMBERS INDUCTED DURING BOARD YEAR 2023-2024 November 24, 2023 Paul Vincent E. Albano Bilwadal Sarkar Jeffrey P. Yulo Jose Ma. Horacio G. Montinola Serviliano L. Padiz, Jr. Nancy B, Chio Arjun R. Singh Eugene S. Acevedo Debrah F. Ortega

Johanna B. Cabamalan Luis Ramon R. Arcenas Maria Martha A. De Dios Arsenio Kenneth M. Ona Aliyah Carmen Michelle C. Herlihy Teresita M. Baes Narciso P. Nario, Jr. Paul Wee Jorinda Yao Carmela Bareng

November 24, 2023

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Makati (Sports) Club, Inc.

Leopoldo M. Lopez, Jr. Chairman

SPORTS HRD & GAMES COMMITTEE COMMITTEE Vice-Chairman: Atty. Godofredo De Guzman Members: Mr. Henson Ho Mr. Constante Lapuz Atty. Celestino Ang The Sports Committee spearheaded the following events and projects for the board year 2023-2024: Pro Am Tennis Tournament – September 2023 President’s Cup Tennis Tournament– November 2023 Chairman’s Cup Tennis Tournament – March 2024 Renovation of the bowling area.

Approval to name the club’s bowling area as “The Sports Hub”.

Presented the proposed rates for the Sports Hub, which is comparatively cheaper than other Bowling Areas in the area.

Re-painting of the club’s treadmills Approval of the purchase of two units of Sport Fit Bike amounting to ₱138,900.00 each, or ₱277,800.00 in total.

Approval of the purchase of Olympic bars and rubberized plates Rubberized Dumbbell Set (1kg to 10kg) Star Trak Cross Trainer Machine

2023-2024 Annual Report

12

SOCIALS COMMITTEE CHAIRMAN

PLANNING & DEVELOPMENT COMMITTEE CHAIRMAN

Carlos Simon T. Casas

Emmanuel V. Mendoza

Chairman

Chairman

Vice-Chairman: Emmanuel Y. Mendoza

Vice-Chairman: Carlos Simon T. Casas

The Socials and Planning Committees organized the following events in the club: The Mother’s Day celebration with Hawaiian theme, was held last May 14, 2023 at the San Miguel Function room.

The Club celebrated its 48th Club Anniversary on June 12, 2023 under the theme Car Explosion and raffled off the grand prize of one (1) Honda HRV 1.8V Turbo plus five (5) cash prizes amounting to P50,000 each. Portion of the net earnings of this event went to the designated Beneficiary,

the Cribs Foundation, while the rest of

the earnings are used for the continuing improvement of the Club’s facilities.

The Father’s Day, with a Mediterranean theme, was held on June 18, 2023.

13

Makati (Sports) Club, Inc.

After the critical pandemic years, The Club brought back the Holy Mass on Sundays.

The Holy Mass on October 8, 2023 marked the start of the regular Mass on Sundays for the faithful Members and Guests. Priests from the Salesian Society of St. John Bosco take turns in officiating the Holy Mass on Sundays in the Club.

The Club’s annual tradition, the Beerfest event, was held on October 27, 2023, with the theme,The Sound of Entertainment. This event was capped with a night of music and dancing. The Members and Guests were entertained by the band, The Swinging Sensations.

The Halloween Event on October 31, 2023 was organized mainly for the children and relatives of the Members and guests.

Thanksgiving Cocktails for Members and corporate Sponsors of the Club was held on January 15, 2024.

The first quarterly series of professional talks, organized jointly with the Planning Committee,

was held on January 29, 2024, with the topic, the 2024 Economic

Outlook, conducted by our distinguished Member, Mr. Eduardo Francisco, President of BDO Capital and Investment Corporation.

Inspired by the success of the 48th Anniversary of the Club last June 12, 2023, the Club organized The Car Explosion 2 Raffle draw held on Valentine’s Day, February 14, 2024 giving away one (1)Toyota Corolla Cross 1.8 V and 10 cash prizes of Php 50,000 each. The Members and guests were lively entertained by the talented singer Ms. Cookie Chua and her band. Proceeds of this event went to the Salesian Society of St. John Bosco Health Care Program and the Cribs Foundation.

PLANNING Implementation of Facial Recognition (Biometrics) which allows the members to transact business with the club without using the physical membership ID card.

2023-2024 Annual Report

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ACTS, DEEDS, AND CONTRACTS 2023-2024 April 17, 2023 Election of officers of the Makati (Sports) Club, Inc. for fiscal year 20232024: Mr. Ismael L. Melendres, Jr.

- President

Atty. Simplicio M. Virtudazo, Jr.

- Vice President

Atty. Godofredo C. De Guzman

- Corporate Secretary

Mr. Dexter E. Quintana

- Treasurer

Mr. Francisco S. Rondilla

- Asst. Treasurer

Atty. Ian Ray P. Malilong

- Asst. Corporate Secretary

Approval and confirmation of Committee Chairpersons Designation of Mr. Ismael L. Melendres Jr., Atty. Simplicio M. Virtudazo Jr., Atty. Godofredo C. De Guzman, Mr. Dexter E. Quintana, and Mr. Francisco S. Rondilla as new signatories to the Club’s depository accounts with the METROPLOLITAN BANK and TRUST CO. (Metrobank) and UNION BANK OF THE PHILIPPINES (UBP) as well as investment accounts with BANK OF THE PHILIPPINE ISLANDS (BPI), Philippine National Bank (PNB) and BDO UNIBANK, INC. Designation of the General Manager to sign transactions of the Club amounting to PhP10,000.00 and below Approval of the retention of Solis Medina Fajardo and Malilong Law Offices as external counsel for the Board Year 2023-2024

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Makati (Sports) Club, Inc.

ACTS, DEEDS, AND CONTRACTS 2023-2024 May 19, 2023 Successful celebration of the Hawaiian-themed Mother’s Day on May 14, 2023 Announcement of the Father’s Day lunch buffet celebration to be held on June 18, 2023 featuring Mediterranean cuisine at ₱1,000.00 per person Approval of the purchase of two units of Sport Fit Bike amounting to ₱138,900.00 each, or ₱277,800.00 in total Approval of the transfer of exit stairs of the bowling room to provide more ventilation (to the bowling room) at a construction cost of ₱775,000.00, more or less Undertaking of the following maintenance, repairs, and improvements to the Club facilities: o Resurfacing of tennis courts o Repainting of PWD ramps o Replacement of the urinal sensor installed at the male toilets o Installation of brass directional signages o Replacement of busted lights at the Ayala Banquet Hall o Cleaning of the Aikido training area o Replacement of the wooden door with double swing glass doors o Renovation of the Zobel Dining o Fabrication of wooden tables for the Log Cabin o Installation of a new aircon unit at the San Lorenzo Room Approval of the construction of new exit stairs for the bowling area Receipt of the electrical scanning report of the Club, which declared that there were no issues with its electrical system Distribution of the 13th-month pay to the employees, upon urgent request of the employees

2023-2024 Annual Report

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ACTS, DEEDS, AND CONTRACTS 2023-2024 Engagement of a resource person to be part of the Planning and Development Committee to help draw up the plans for the Club Discussions to dispose via public auction delinquent shares with outstanding liabilities amounting to a total of ₱500,000.00 or more June 16, 2023 Completion of the refurbishment of the Zobel Dining; soft opening held on June 19, 2023 with lunch buffet at a 15% discount or ₱650.00 Undertaking of the following maintenance, repairs, and improvements to the Club facilities o Repainting of walls near the poolside o Cleaning and polishing of the Veranda hallway o Implementation of a waste segregation system o Application of top coat on the dining floor Plan to update the HR guidelines, which was further discussed by the HRD Committee Plan to sell via public auction 4 delinquent shares; 2 delinquent members, however, promised to settle their outstanding liability, thus, the sale of said shares was held in abeyance July 21, 2023 Introduction of promotional activities to increase patronage: o Rainy-Day Merienda Special featuring various Filipino and Asian dishes to be served at the veranda from 2:00 to 4:30 pm from 01 July to 31 August 2023 o Club Deli Promo: free sandwich for every 10 beverages purchased

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Makati (Sports) Club, Inc.

ACTS, DEEDS, AND CONTRACTS 2023-2024 o Zobel Dining Promo: celebrants get a free buffet lunch (with free cake) when they celebrate their birthday at the Zobel Dining, provided that they bring along 10 paying guests Sale of gift certificates for buffet lunch at the Zobel Dining at ₱875.00 each Distribution of flyers to nearby offices/companies to promote the Club’s function rooms and lunch buffet offering Preparation for the Holiday Bazaar to held from November 18-19, 2023 at the Ayala Banquet Hall with spaces for rent at ₱5,000.00 Undertaking of the following maintenance, repairs, and improvements to the Club facilities: o Fabrication of new wooden tables at the log cabin to do away with table linens for aesthetics o Rearrangement of the bowling area o Installation of new exhaust fans inside the bowling area which improved the ventilation in the area o Installation of the fluorescent lamp beside the covered tennis court o Installation of a manual switch for the air-conditioning unit at the lady’s locker room to conserve energy and control its usage Sale via auction of 2 delinquent shares Sending out of the customary Christmas Assessment to Club members Approval of the replacement of old monitors and purchase of monitors from Puyat Sports for the bowling alley amounting to ₱573,121.92 Discussion for compliance with Regional Tripartite Wage Order No. 24 requiring the increase of the minimum wage to ₱600.00 or ₱40.00 per day Presentation of the Employees’ Sportsfest which will run for three months with the opening ceremony held on July 14, 2023 at the bowling area

2023-2024 Annual Report

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ACTS, DEEDS, AND CONTRACTS 2023-2024 Agreement on the sale of delinquent shares on August 24, 2023 at the Dasmarinas

Room,

with

a

floor

price

for

each

amounting

to

₱1,200,000.00; unsold shares will be repurchased by the Club Presentation of the profit and expenses for the Car Explosion Raffle Draw; net profit at ₱1,382,278.00 Commissioning of SportFit to repaint the Club’s treadmills; undertaking of repairs by SportFit for the accidental damage it caused Announcement of the Sports Committee’s upcoming activities: Pro-Am Competition and the President’s Cup August 18, 2023 Presentation in detail of the proposed design of the bowling area and procurement arcade machines, among other entertainment facilities Undertaking of the following maintenance, repairs, and improvements to the Club facilities: o Repainting of the lights located at the bathhouse o Replacement of the wooden floor in the Aikido area in the basement o Installation of additional mosquito traps o Replacement of the ceiling board in the bowling area o Installation of deodorizers in the comfort rooms o Installation of special lane floor level prior to the sanding of the bowling area o Repainted of chairs at the dining near the poolside o Repainting of comfort rooms near the Club Deli Discussion and further study of a letter from the union about wage distortion in light of the recent wage increase under Wage Order No. 24 Announcement of the auction sale of 2 shares to be conducted on August 24, 2023

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Makati (Sports) Club, Inc.

ACTS, DEEDS, AND CONTRACTS 2023-2024 Repeal of the previous resolution setting the floor price of the auction and setting the same at: o Php1,500,000.00 - Class A o PhP1,600,000.00 - Class B September 15, 2023 Announcement of the name of the newly renovated Bowling Area as “The Sports Hub” Discussion on the request for salary increase of the managers and supervisors of the Club Presentation of the promotional materials and program for the Beer Fest 2023 to be held on 27 October 2023 featuring Michelle Ayalde, Jasmine Fitzgerald, and Charlotte Ferguson; tickets priced at ₱1,250.00 apiece Undertaking of the following maintenance, repairs, and improvements to the Club facilities: o Refurbishment of the Bowling Alley o Cleaning of Bowling Balls o Removal/Replacement of the Old Bowling Scoring System o Ongoing Renovation of the Bowling Area o Sanding of the Squash Court Floors o Regular Pressure Washing of the Tennis Courts Approval of cash incentive program for employees of PhP1,500.00 for every 15 tickets sold in any qualified Club-sponsored event; Recommendation to have different menu options for the Sports Hub to be presented and finalized on or before 22 September 2023; Replacement of old bowling shoes and presentation of a proposal of for the purchase of new shoes

2023-2024 Annual Report

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ACTS, DEEDS, AND CONTRACTS 2023-2024 October 20, 2023 Proposal for the replacement of the air conditioning system and/or unit at the Ayala Banquet Hall Approval to purchase one 6HP aircon each for the Zobel, Dasmariñas, and Bel Air and a 4HP aircon for the Gallerie at PhP940,000.00 in total Undertaking of the following maintenance, repairs, and improvements to the Club facilities: o Installation of the new sump pump o Replacement of the new air-conditioning unit at the Zobel Dining o Installation of the thermal curtain at the walk-in freezer o Replacement of boardroom chairs o Replacement of ice maker o Installation of a customized wooden counter at the Patisserie o General cleaning of the Ayala Banquet Hall and swimming pool o Disposal of the old and unusable furniture o Decoration of the Club for Christmas Installation of new air conditioning systems at the Ayala Banquet Hall at PhP940,000.00 Approval of the purchase of one ice maker machine amounting to ₱350,000.00 and 12 Executive Chairs for the Boardroom amounting to ₱180,000.00 in total Conduct of bartending techniques seminars on 20 and 21 September 2023 for the F&B Department, which was facilitated by the F&B supervisor, Mr. Arluz Cuadra Announcement of the grand opening of the “Sports Hub” Discussion on the feasibility study for the Solar Panel Project Proposal to the House Committee to draft rules and regulations for the usage of the Sports Hub Presentation of the QR Code project to facilitate Club transactions and to be implemented in February 21

Makati (Sports) Club, Inc.

ACTS, DEEDS, AND CONTRACTS 2023-2024 Presentation of the proposed rates for the Sports Hub (comparatively cheaper than other bowling facilities) Finalization of the President’s Cup Tennis Tournament with three (3) categories Class A, Class B, and Class C November 17, 2023 Approval of the purchase of one (1) industrial oven amounting to PhP595,000.00; noted the proposed amount is not yet final.

Recommendation to invite the regular sponsors of the Club to its Thanksgiving Dinner.

Discussion on the relevance and benefit of donating to non-profit organizations, taking note of the Club’s recent donation to the Cribs Foundation Inc. Discussion on the possible construction projects of the Club, such as improvement of PWD facilities and noting that the Club has a certificate showing compliance of the Club’s electrical system with the standards Announcement of the employee’s Christmas Party.

Approval to increase incentives amounting to PhP5,000.00 for the 5-year loyalty awardee and the retention of the annual grocery package given to employees every Christmas Successful sale of one (1) Class A share at the public auction held last October 10, 2023 at ₱2,500,000.00 Demonstration of the new facial recognition device that will be placed at the Patisserie, Sports Pavillion, Club Deli, Main Dining, Membership Office, and Sports Hub. Approval of the proposal to hold another raffle event for the Club with a brand new Toyota Cross Hybrid as the grand prize on February 14, 2024

w w w . m a k a t i s p o r t s c l u b . c o m 2023-2024 Annual Report

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ACTS, DEEDS, AND CONTRACTS 2023-2024 December 15, 2023 Introduction of following promotional activities to increase patronage of the sales of Food and Beverage: o Themed Dining at the Bistro Lounge - From Monday to Friday, there will be different themes every evening at the Bistro Lounge: o Monday – Italian Night o Tuesday – Mexican Night o Wednesday – Videoke Night o Thursday – 80s Music Night o Friday – Live Entertainment Announcement of the Thanksgiving Cocktails which will be held on January 15, 2024 as a way to express gratitude and appreciation to all the members Announcement of the Christmas Party on December 23, 2023 Approval of the authorization to process the submission of books of account with the BIR Approval of an additional ₱5,000.00 incentive for those employees who have reached 10 years and above (for every 5-year increment only) Approval of the car raffle draw (event) in February as well as the engagement of Ms. Cookie Chua and her band to provide the entertainment Approval of additional tennis tournaments namely: Singles Tennis Cup and another Doubles Tennis Cup among members Approval of the suggestion to have masters swimming club, where members can avail of the training program for swimming subject to further discussion with the coach

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Makati (Sports) www . m a k aClub, t i s p Inc. ortsclub.com

ACTS, DEEDS, AND CONTRACTS 2023-2024 Approval of the purchase of pre-loved gym weights, which were bought in 2021, at a discounted rate, subject to further review and feasibility study of the procurement Announcement of a bowling tournament in February 2024.

January 19, 2024 Recommended the following projects for the improvement of the club’s facilities: a. Acquisition of Bowling Pinsetter Machines b. Procurement of Oiling Machine of the Sports Hub c. Installation of Access PWD Ramp near San Antonio and Club Café. d. Installation of Solar Panel Undertaking of the following maintenance, repairs, and improvements to the Club facilities: o Installation of Automatic Timer at the Sports Hub o Installation of the Wooden Sliding Door at the Function Room o Repainting of the Poolside Roof o Cleaning of the Exhaust Fan in the Kitchen o Installation Large Tissue Holders at the Toilet o Replacement of defective power amplifier at the Bistro Lounge Approval of the recommendation regarding the external auditor’s fee which is at PhP350,000.00, exclusive of out-of-pocket expenses.

Discussion on the policy of ticket distribution and approval of retaining the current policy of distributing tickets to all members Approval to hold a forum/economic briefing on January 26, 2024 at the Zobel Dining Room Presentation and approval to purchase the facial recognition machine and quotations for its purchase

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ACTS, DEEDS, AND CONTRACTS 2023-2024 Discussion on the details of the Car Explosion Raffle Draw 2 which will be held on February 14, 2024 Presentation on the Capital Expenditure of the Club amounting to a total PhP19,993,000.00, more or less.

February 16, 2024 Announcement of the success of the Chinese-themed Buffet and the Economic Forum with Director Francisco as the resource speaker.

Announcement of the success of the Superbowl Event on February 12, 2024 Announcement of the successful “Car Xplosion Raffle Event” held on February 14, 2024 Introduction of the following new products and menu item: o Chocolate Roll o Cheese Milk Roll o Pork Asado o Ensaymada o Custard Macapuno Launching of the following promotional event: o International Buffet, which started on February 1, 2024 o Japanese Festival, which started on February 1, 2024 o Different Themed Dinner every night at Bistro Lounge Undertaking of the following maintenance, repairs, and improvement to the Club facilities: o Refurbishment of Tables and Laminated Top at the Poolside Cabin o Installation of an 85’ TV at the Bistro Lounge o Installation of New TV in the Board Room

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Makati (Sports) www . m a k aClub, t i s p Inc. ortsclub.com

ACTS, DEEDS, AND CONTRACTS 2023-2024 o Placement of Stopper at the Parking Lot o Relocation of One Ice Unit from the Banquet Bar to Poolside Cabin o Replacement of Manila Water Meter o General Cleaning of Ayala Banquet Halls o Repainting of the Parking Lines o Installation of the Therma Plastic Curtain of the Walk-in Freezer Approval of the regular maintenance of the pinsetters Approval of the purchase of new oiling machine for the bowling alley amounting to ₱1,456,000.00 Refurbishment and improvement of the Bistro Lounge Renewal of the HMO of the employees with Maxicare Approval of the team building budget of the employees Preparation for the audit of BIR, which the management has properly organized Launch of the Facial Recognition Devices March 1, 2024 (Special Board Meeting) Approval of the Club’s Audited Financial Statements for the year ended December 31, 2024 as prepared by KPMG R.G. Manabat & Co. Approval of the budget of PhP2,000,000.00 for the procurement of HMO coverage for the Club’s employees and officers from Maxicare March 15, 2024 Launch of the Filipino Food Festival which will run from March 4 to March 31, 2024.

Announcement of the Chairman’s Cup Doubles Tournament from March 4 to March 15, 2024. · w w w . m a k a t i s p o r t s c l u b . c o m 2023-2024 Annual Report

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ACTS, DEEDS, AND CONTRACTS 2023-2024 Presentation of the 2024 Sport Calendar of the Club.

Launch of the Sports Televiewing at the Sports Pavillion Undertaking of the following maintenance, repairs, and improvement to the Club facilities: o Application of Colorless Solignum Protection for the Wooden Floors o Rearrangement of the wires o Placement of Hardiflex o Acquisition of new electric fans at the Log Cabin and Sports Pavilion o Repair of the Ceiling at the back entrance of the Ayala Hall o Purchase of a new dishwashing machine o Regular cleaning of the aircon o Regular cleaning of the indoor tennis court o Regular cleaning of the Sports Pavillion Presentation and approval of implementing the Performance Appraisal Form for the Supervisorial and Managerial Employees of the Club Approval of the proposal to employ a technician to maintain the Bowling Alley Approval of the request of 2 members for lifetime membership

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Makati w w (Sports) w . m a k aClub, t i s pInc. ortsclub.com

FINANCIAL R E P O R T S

2023-2024 Annual Report

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MAKATI (SPORTS) CLUB, INC. (A Nonprofit Corporation)

FINANCIAL HIGHLIGHTS 2023

2022

MEMBERSHIP DUES & GROSS INCOME FROM OPERATIONS Membership Dues and Fees

46,077,973

45,564,084

97,244,479

58,525,362

2,164,719

1,940,630

145,487,171

106,030,076

Cost of Sales & Direct Expenses

37,406,762

56,237,436

General & Administrative expenses

87,532,501

37,063,623

124,939,263

93,301,059

20,547,908

12,729,017

101,969,825

82,134,020

TOTAL ASSETS

205,722,337

177,779,697

MEMBERS' EQUITY

164,834,977

143,235,259

Food and Beverage

22,900,003

5,423,599

Sports and recreation

(4,099,957)

(3,145,083)

Beauty Parlor

24,441

(6,552)

Barber Shop

31,312

15,962

Gross Income from Operations (Food & Beverage, Sports, Parlor & Barber Shop) Other Income COST OF SALES, DIRECT EXPENSES & GENERAL & ADMINISTRATIVE EXPENSES

(Including depreciation & deferred tax)

EXCESS OF REVENUE OVER EXPENSES BEFORE INCOME TAX EXPENSE ACCUMULATED EXCESS OF INCOME OVER EXPENSES AT THE END OF THE YEAR

OTHER HIGHLIGHTS Department Income (Loss)

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Makati (Sports) Club, Inc.

MAKATI (SPORTS) CLUB, INC. (A Nonprofit Corporation)

2023-2024 Annual Report

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Scan QR Code to view the Audited Financial Statements.

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Makati (Sports) Club, Inc.

THE MANAGEMENT TEAM

SEATED FROM LEFT TO RIGHT: MARIAN PUNZALAN (ASST. MANAGER FOR MEMBERSHIP), RONALDO LIMBO (GENERAL MANAGER), REGINE KARYL ALPEREZ (ASST. MANAGER FOR RESERVATIONS); STANDING FROM LEFT TO RIGHT: NELSON BRIONES (ASST. MANAGER FOR FOOD AND BEVERAGE), JESON MARCIAL (ACCOUNTING MANAGER), ALBERTO LERMA (CONSULTANT FOR CONSTRUCTION, REPAIRS, AND MAINTENANCE)

ADMINISTRATION AND FINANCE EXECUTIVE OFFICE

FOOD AND BEVERAGE / RESERVATIONS AND SPORTS

ADMINISTRATION AND FINANCE

FOOD & BEVERAGE/ RESERVATIONS

Jeson G. Marcial Accounting Manager

Ellen Q. Gozar Purchasing Supervisor

Joana P. Delfin Payables Supervisor

Cleofe H. Rosito Cost Control Supervisor

Jocelyn C. Tagulao Head Cashier

Clarinda H. Cauilan Payroll Supervisor

MEMBERSHIP

Trixia Mae A. Merjan Billing & Collection Supervisor

Marian N. Punzalan Assistant Manager Head of Membership

Egy D. Lumbo MIS Supervisor

Alberto M. Lerma Consultant/ Repairs and Maintenance / Housekeeping

Ronaldo C. Limbo General Manager / F&B Manager Christina Alena B. Galasi Public Relations Officer

Nelson B. Briones Assistant Manager F&B Production

Regine Karyl O. Alperez Assistant Manager Head of Reservations

Joselito G. Gacutara Lanai Kitchen Supervisor

Nicanor B. Cayanan, Jr. Banquet Supervisor

Almiro O. Eraño Pastry Chef

Marilen S. Nisperos Reservations Supervisor

Arluz A. Cuadra F&B Outlet Supervisor Marjhon C. Dela Cruz F&B Outlet Supervisor

SPORTS AND RECREATION HUMAN RESOURCE DEPARTMENT

Mary Mhel C. Ruado Sports & Recreation Supervisor

Marilou T. Luzon Human Resource Supervisor

2023-2024 Annual Report

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Makati (Sports) Club, Inc. LP Leviste Corner Gallardo Street, Salcedo Village, Makati City 1227 Philippines