Thursday, February 8, 2018

Concrete Aggregates Corporation (CA)


This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.


1. Company Information
Company Name
Concrete Aggregates Corporation (CA)
Sector
Industrial
Incorporation Date
Jan 16, 1959
Subsector
Construction, Infra. & Allied Services
Number of employees
 (Group Total)
Board of Directors
Chairman: Jaime E. Ysmael
Website / E-mail
http://www.cac.com.ph  / info@concreteaggregatescorp.com
2. Stock Information
Total Assets
310,683,300
Market Capitalization
1,371,029,579.10
Total Liabilities
11,840,315
Outstanding Shares
22,077,771
Retained Earnings
22,327,162
Listed Shares
22,077,771
Listing Date
Apr 02, 1973
Issued Shares
22,077,771
Board Lot
10
Free Float Level (%)
23.94%
Par Value
10.00
Foreign Ownership Limit
0%
3. Major Stock Holders (common shares)
ORTIGAS & CO. LTD. PARTNERSHIP (OCLP)
PCD NOMINEE CORPORATION
72.57%
20.55%
4. Company Descriptions and Business Development
Notes
1. OCLP is a partnership between ALI, SMPH and Ortigas Group to develop P210 billion worth of Ortigas Group’s real estates. It is owned and managed principally by the Ortigas Family. OC had 4,000 hectares land in Metro Manila but most of them were sold or developed already. But, it still has a lot of prime land. Jaime E. Ysmael was the CFO of ALI. OCLP is a subsidiary of OCLP Holdings, Inc where Rafael Ortigas/Ayala group holds 47% and Francisco Ortigas/SM group has 37% and Catholic Church has 9%.
Overview
Prior to 2008, the Company directly operated its aggregates plants – the source of the Company’s quality aggregates but because of the financial crisis it entered into Operating Agreement with Batong Angono Aggregates Corp. (BAAC)/LHAI as CA’s quarry operator, CA’s income from the quarry operations consists of the royalty payments made by BAAC/LHAI at the rate agreed upon by the parties. BACC changed its name to Lafarge Holcim Aggreates, Inc. (LHAI) in 2015.
It is operating two ready mix concrete plants, three Bituminous Concrete Mix (BCM) plants, four aggregates quarry/crushing plants and three pre-stressed/pre-cast concrete plants


Business
All those operating related assets including plants are sold to BACC/LHAI but it still has several parcels of lands. In 2016, the Company’s P37.26 million revenues came solely from the 2.5% royalty fees from the value of the aggregates sold by BAAC/LRAI during the year. In addition, the Company earned other income of P4.91 million comprised mostly of interest income on the installment receivable from the sale to OCLP.

Subsidiaries / Associates / Affiliates / Joint Ventures

+++++++++++++++++++++++++++++++++++++++++

MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...