Friday, February 9, 2018

Manila Water Company, Inc. (MWC)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Manila Water Company, Inc. (MWC)
Sector
Industrial
Incorporation Date
Jan 06, 1997
Subsector
Electricity, Energy, Power & Water
Number of employees
1,753 (Group Total)
Board of Directors
Chairman: Fernando Zobel de Ayala
Website / E-mail
http://www.manilawater.com / info@manilawater.com
2. Stock Information
Total Assets
105,119,501,000
Market Capitalization
58,845,549,576.60
Total Liabilities
55,615,143,000
Outstanding Shares
2,053,945,884
Retained Earnings
39,951,236,000
Listed Shares
2,026,883,694
Listing Date
Mar 18, 2005
Issued Shares
2,053,945,884
Board Lot
100
Free Float Level (%)
55.65%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Ayala Corporation
42.21%
4. Company Descriptions and Business Development
Notes
1.  Related companies: AC, MWC and ALI, GLO, POPI, IMI, CHI
Overview
holds the exclusive right to provide water and used water services to the eastern side (“East Zone”) of the franchise area of the Metro Manila. It provides water services to more than 6 millions of customers residing Makati, Mandaluyong, Pasig, Peteros, San Juan, Taguig, Marikina, most part of Quezon City, portions of Manila and some Rizal provinces. The Company substantially relies on surface waters coming from the Angat River System. To promote inclusive growth, around 40% contractors of the supply chain are from small-medium scale enterprise.

Business
It recorded Php17711 millions of revenue and P6065 millions of net income in 2016.


The Group derived 77% of its operating revenues from the sale of water, while 16% came from environmental and sewer charges. Other revenues, which accounted for the balance of 7%, were from connection fees, after-the-meter services and septic sludge disposal, among others.

Manila Water Operations Group handles all the water related services in East Zone.
New Business Operations Group handles international or provincial water related services.
Corporate Finance and Governance Group

Subsidiaries / Associates / Affiliates / Joint Ventures
Manila Water Philippine Ventures, Inc. (MWPV, 100%) has investments in LagunaAAA Water Corporation (Laguna Water, 70%), Boracay Island Water Company, Inc. (Boracay Water, 80%), Clark Water Corporation (Clark Water, 100%), Manila Water Consortium, Inc. (MW Consortium, 57.22%) and Cebu Manila Water Development, Inc. (CMWD, 70.58%, Cebu Province)
Manila Water Asia Pacific Pte. Ltd. (“MWAP”, 100%, Singapore) is for the international ventures. It has currently stakes in Vietnam water companies, through subsidiaries, such as Cu Chi Water (24.5%), Saigon Water (31.47%), Thu Duc Water (49%) and Kenh Dong Water (47.35%)
Manila Water Total Solutions Corporation (“MWTS”, 100%) handles after-the-meter products and services.
Zamboanga Water Company, Inc. (Zamboanga Water, 70%)
Davao del Norte Water Infrastructure Company, Inc. (Davao Water, 51%) holds 90% of Tagum Water company, Inc.

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