Monday, February 5, 2018

Metro Pacific Investments Corporation (MPI)

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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
Metro Pacific Investments Corporation (MPI)
Sector
Holding Firms
Incorporation Date
Mar 20, 2006
Subsector
Holding Firms
Number of employees
49 (Parent Only)
Board of Directors
Chairman: Manuel V. Pangilinan
Website / E-mail
http://www.mpic.com.ph / metro@metropacific.com
2. Stock Information
Total Assets
488,166,000,000
Market Capitalization
209,543,686,200.80
Total Liabilities
269,290,000,000
Outstanding Shares
31,510,328,752
Retained Earnings
51,871,000,000
Listed Shares
31,534,298,752
Listing Date
Dec 15, 2006
Issued Shares
31,534,298,752
Board Lot
100
Free Float Level (%)
42.26%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
METRO PACIFIC HOLDINGS, INC.
PCD NOMINEE CORPORATION (NON-FILIPINO)
PCD NOMINEE CORPORATION (FILIPINO)
GT CAPITAL HOLDINGS, INC
41.93%
28.37%
25.34%
4.12%
4. Company Descriptions and Business Development
Notes
1. Related companies: MPI, MER, TEL and PX, PXP
    TEL is a sister company of MPI.
2. First Pacific Company Limited (FPL, chairman: Anthoni Salim from Indonesia) holds interests in MPIC through various subsidiaries.
Overview
MPIC is a leading infrastructure holding company in the Philippines. MPIC’s intention is to maintain and continue to develop a diverse set of infrastructure assets through its investments in water, toll roads, power generation and distribution, healthcare services, light rail and logistics.
Business
Water, which relates to the provision of water and sewerage services by Maynilad Water Holding Company, Inc. (MWHCI) and its subsidiaries Maynilad Water Services, Inc. (Maynilad) and Philippine Hydro, Inc. (PHI), and other water related services by MetroPac Water Investments Corporation (MPWIC).
Toll operations, which primarily relate to operations and maintenance of toll facilities by Metro Pacific Tollways Corporation (MPTC) and its subsidiaries NLEX Corporation (NLEX Corp; formerly Manila North Tollways Corporation) and Cavitex Infrastructure Corporation (CIC), and associates, Tollways Management Corporation (TMC), CII Bridges and Roads Investment Joint Stock Company (CII B&R) and Don Muang Tollway Public Ltd (DMT). Certain toll projects are either under pre-construction or on-going construction as at March 1, 2017.
Power, which primarily relates to the operations of Manila Electric Company (MERALCO) in relation to the distribution, supply and generation of electricity and Global Business Power Corporation (GBPC) in relation to the power generation. The investment in MERALCO is held both directly and through Beacon Electric Asset Holdings, Inc. (Beacon Electric) while the investment in GBPC through Beacon Electric’s wholly-owned entity, Beacon PowerGen Holdings Inc. (BPHI).
Healthcare, which primarily relates to operations and management of hospitals, nursing and medical schools and such other enterprises that have similar undertakings by Metro Pacific Hospital Holdings, Inc. (MPHHI).
Rail, which primarily relates to Metro Pacific Light Rail Corporation (MPLRC) and its subsidiary, Light Rail Manila Corporation (LRMC), the operations and maintenance of the Light Rail Transit Line 1 (LRT-1) and construction of the LRT-1 south extension.
Logistics, which primarily relates to the Company’s logistics business through MetroPac Logistics Company, Inc. (MPLC) and its subsidiary, MetroPac Movers, Inc. (MMI).
Others, which represent holding companies and operations of subsidiaries involved in real estate and provision of services.

Core Income Contribution per business sector in 2016 (in PHP Millions)

Water
Toll
Healthcare
Power
Rail
Revenue
20,466
11,902
8,967

3,016
MPIC Share of Core Income
3,564
3,517
589
7,229
273
Percentage
23%
23%
4%
48%
2%

Subsidiaries / Associates / Affiliates / Joint Ventures
MWHCI  (Holds 52.8% of Manilad)
Manilad holds the exclusive concession to provide water and sewerage services in the West Service Area of the Metro Manila. Manilad, through PHI, engages in bulk water supply service to other provincial municipalities.
MPWIC holds 80% stakes in Metro Iloilo Bulk Water Supply Corporation (MIBWSC), 27% in Laguna Water District Aquatech Resources Corp, 20% in Cebu Manila Water Development, Inc., 49% in Cavite Business Resources Inc., 65% in Eco-System Techonologies International, Inc.(wastewater/sewage treatment plant).
MPTC holds 75.6% interest in NLEX Corp (North Luzon Expressway, Subic-Clark-Talac Expressway, NLEX-SLEX connector road). It also operates Manila-Cavite Toll Expressway, constructs Cavite-Laguna Expressway and constructs Cebu-Cordova Link Expressway. Besides, it has investments in toll road operator DMT (29.45%, Thailand), CII B&R (44.9%, Vietnam). These foreign investments contribute around 2.6% of MPIC’s income.
Meralco(MER)
MPI holds directly/indirectly 41% economic interest in MER.
GBPC is the leading independent power producers in the Visayas and Mindoro island, with a combined gross maximum capacity of 854 MW. It owns total eleven (11) power plants.
● 38.3% of Panay Energy Development Corporation (“PEDC”)
● 52.2% of Cebu Energy Development Corporation (“CEDC”).
● Toledo Power Company (“TPC”)
MPHHI is the largest private provider of premier hospital services in the Philippines. It has interest in thirteen (13) hospitals with approximately 2,900 beds. It also invested in a mall-based diagnostic center and healthcare colleges.
● 20% of Manila Doctors Hospital (MDH),
● 51% of Sacred Heart Hospital of Malolos Inc. (SHHM)
● 93% of Marikina Valley Medical Center Inc.(MVMC)
● Makati Medical Center (MMC), Asian Hospital (AHI), Davao Doctors Hospital (DDH), etc.
MPLRC, a subsidiary, holds shares in Light Rail Manila Holdings Inc. (LRMH) as well as LRMC. LRMC operates LRT Line 1. MPLRC holds 55% of LRMC as of now.
MMI is engaged in logistics, shipping, freight forwarding and e-commerce fulfillment. It acquired several logistics companies such as Basic Logistics Inc., A1Move Logistics, Inc., Philflash Logistics, Inc. and  BasicLog Trade and Marketing Enterprises (Basic Group),
PremierLogistics, Inc. (Premier), a subsidiary of MPIC, entered into a definitive agreement to acquire certain assets and business of Ace Logistics, Inc. (Ace)
Neo Oracle Holdings, Inc. (NOHI) and its subsidiaries are engaged in the business of real estate investments and property development, investment holding and management services.

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