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.
|