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Manila Water is the sole concessionaire for the East Zone of Metro Manila, covering major business districts such as Makati City, most of Quezon City, Pasig City, San Juan, Taguig and Mandaluyong City. It serves the water delivery, sewerage and sanitation requirements of the East Zone.
2007 Highlights
- Net income of P2.4 B, despite the effect of income tax expiration
- EBITDA improved by 36%
- Implemented a P4.4-B capex program
- Water volume sales exceeded 1 B liters per day
- Improved system losses to 23.9% by end-2007
- Received the 2007 International Finance Corporation’s Client Leadership Award
- Recognized by Asiamoney as Best Managed Company (small cap) in the Philippines for 2007
Strategic Initiatives
- Continue to improve and expand water services in growth areas
- Improve operating efficiency and outperform regulatory targets
- Increase network reliability including development of new water sources
- Widen wastewater coverage
- Expand beyond Metro Manila into key cities in the country and in the Asian region
- Maintain involvement in socially oriented, pro-poor programs and in environmental projects aimed at protecting watersheds and water sources
- Apply environment-friendly systems for wastewater treatment and septage disposal
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Consolidated Highlights
(in million pesos, except per share amounts and ratios)
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2007 |
2006 |
| Total Assets |
24,435 |
24,263 |
| Stockholders’ Equity |
13,364 |
11,874 |
| Revenues |
7,825 |
6,785 |
| Net Income |
2,419 |
2,394 |
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Per Share |
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| Earnings |
1.06 |
1.05 |
| Book Value |
6.43 |
5.60 |
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Ratios |
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| Current Ratio |
1.11 |
1.61 |
| Debt-to-equity Ratio |
0.83 |
1.04 |
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Top Shareholder |
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| Ayala Corporation |
30.0% |
30.2% |
| United Utilities Plc |
11.7% |
11.8% |
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| Stock Price Perfomance |
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2007 |
2006 |
| Year-end close |
18.50 |
9.40 |
| Year high |
19.25 |
11.25 |
| Year low |
8.80 |
6.20 |
Year-end market cap (in billion pesos) |
44.68 |
22.70 |
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| Manila Water Company, Inc.
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MWSS Administration Building
489 Katipunan Road Balara Quezon City
1105 Philippines
Tel (632) 926 7999
Hotline (632) 1627
Fax (632) 928 2450
www.manilawater.com
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