THE LINKAGE OF ESTABLISHMENT

SM Supermalls
SM Supermalls operates as a real estate company. The Company operates, develops, and lease
shopping malls. SM Supermalls serves customers in Philippines.
HISTORY
From the dream of selling a good pair of shoes to every Filipino, SM founder Henry Sy, Sr. has
laid the groundwork and piloted the development and evolution of SM Investments Corporation
(SM) into one of the country’s largest holding companies in the Philippines today.
For nearly six decades, SM has demonstrated its leading presence in retail, banking, and property
development in the Philippines with a rising presence in China, innovating to provide best-value
in products and services across various customers.
Through careful planning and execution, SM takes inspiration from its millions of stakeholders
whose lives are shaped by their aspirations and constant desire for a better quality of life. As it
continues to build on these aspirations, SM fulfills its catalyst role by expanding through its core
businesses, generating employment, business activity and overall progress in its host
communities. SM stands firm in its commitment toward change by promoting more value and
greater convenience, stimulating growth and inspiring millions toward realizing their lifelong
dreams.
MILESTONES IN SM's HISTORY
1958
Founder Henry Sy, Sr. opened a shoe store along Rizal Avenue called Shoemart and a second
one on Carriedo, Manila.
1963-1967
The shoe store, Shoemart Makati, opened its doors to the public in 1963. Without losing
momentum, Shoemart Cubao opened in 1967.
1972-1980
Launched in 1972, Shoemart Manila on Calle Echague was transformed into the first of Mr. Sy’s
department stores. The opening of the department store, SM Makati in 1975 was a accompanied
by a dramatic corporate rebranding where Mr. Sy’s stores would be rechristened as SM from SM
Department Store. From its racks would spring fashion trends that would define fashion in the
metro. In 1980, SM Cubao opened, tapping into the large pedestrian population of that area.
1980-1984
Despite ongoing political and economic challenges, there was marked growth in SM as new
department stores opened in Cubao, Quezon City and Harrison in Manila at this time.
1985
The natural progression of store to mall happened when Mr. Sy opened his first mall on EDSA in
November 1985. SM North EDSA, a 125,000 square meter-mall, opened at a time when the
country was plunged into one of the most turbulent periods of political history.
1991-1993
The 1990s could be characterized as the start of the malling phenomenon as SM built one new
mall after another. SM opened SM City Sta. Mesa in 1990, SM Megamall in 1991 and SM City
Cebu in 1993.
1994
SM Prime Holdings, Inc. was incorporated to become the vehicle for SM's mall operations. It went
public this year to enhance its funding capabilities and increase SM Prime's growth momentum
in mall development.
2001
SM's first mall in China opened in Xiamen, then owned by the Sy family with a gross floor area
(GFA) of 128,000 square meters (sqm.), almost similar in size to SM City Sta. Mesa and is 100%
occupied.
2003
SM Development Corporation, SM's property developer, unveiled its maiden condominium
project, the Chateau Elysee in Bicutan, Paranaque, marking its foray into the residential space.
2005
SM Investments went public and raised over USD500 million and was considered the largest IPO
at that time.
2006
SM Mall of Asia, SM Prime's flagship and the country's largest mall back then, was opened
fronting the scenic Manila Bay in Pasay City. The mall was the anchor development in the 60-
hectare reclaimed property now known as the Mall of Asia Complex.
Later in the year, SM bought a majority stake in Equitable PCI Bank and merged it with BDO.
This year saw the acquisition of the supermarket and hypermarket businesses by SM from the Sy
family.
2007
SM launched Hamilo Coast, a large-scale eco-tourism project in Batangas.
SM Hotels was also organized to oversee various hotel investments of the group in line with the
SM's tourism initiatives.
SM Prime acquires three projects in China --Xiamen, JinJiang and Chengdu from the Sy family.
The move allowed SM Prime gain a foothold in China's fast-growing economy for long-term
growth outside of the Philippines.
2013
SM Prime Holdings announced a landmark merger of all SM's property assets to create a
company that holds interests in malls, residences (under SM Development Corporation), offices,
hotels and convention centers (SM Hotels and Conventions Corp.) as well as leisure-related
developments (Costa del Hamilo, Inc.). The merger resulted in the creation of one of the largest
property conglomerates in Southeast Asia.
SM launched its American Depositary Receipt (ADR) Level 1 program. Under this, ADR securities
issued in the US representing SM common shares can be traded over-the-counter. This allowed
US investors to trade SM common shares in their own time zone and to settle transactions locally.
2015
SM Prime opens SM Seaside City Cebu, the anchor development in the 30-hectare integrated
property on reclaimed land in that province. SM Seaside Cebu, with a gross floorplate of 430,000
square meters is envisioned to be a premier destination in the Visayas and Mindanao regions.
2016
SM Investments Corporation announced the merger of its retail arm, SM Retail Inc. (SM Retail)
with several related retail companies that will include a diverse portfolio of food, household
appliances, DIY, furniture, apparel, footwear, pharmaceuticals/cosmetics and specialty retailing
stores.
2017
SM Investments Corporation reached the PHP1 trillion market capitalization level in the stock
market.
2018
SM celebrates its 60th year.

MISSION AND VISION

SM Supermalls aims to become Asia’s most popular mall chain through constant innovation and
partnership with the world’s best retailers.
We provide the family fun mall experience that makes every day better for all.
Together with our partners and employees, we commit to a better quality of life for the
communities we serve by supporting programs and activities that are socially responsible and
environmentally sustainable.
COMPANY PRODUCTS
CYBERZONE
Cyberzone, the premier hub for tech and lifestyle inside SM Supermalls, is the country’s ultimate
go-to destination for anything and everything tech. Cyberzone assures you authentic and
guaranteed quality sought-after gadgets for a more #LifePowered experience.
SHOPMAG
SM Shopmag showcases various fashion brands found in SM Supermalls. It gives a glimpse of
what’s new in stores for shoppers. It is a look book of stylish outfits, cool gadgets, hip accessories
and mouth-watering food selections to entice shoppers to visit the SM malls.