Ayala Corp.

In the news

Digital payment grows in Philippines amid COVID-19 fears Jul 19, 2020
Manila's $2bn airport expansion pitch stalled by aviation shakeup Jul 8, 2020
Philippines' Ayala fights to take over Australia's Infigen Energy Jun 29, 2020
Duterte apologizes to Philippine tycoons he threatened to jail May 5, 2020
Yangon Stock Exchange to open to overseas investors March 20 Mar 7, 2020

Company Background

Founded in 1834, Ayala Corp. is the Philippines' oldest conglomerate, controlled by the Zobel Filipino-Spanish family. Currently, the company is led by brothers Jaime Augusto Zobel, who serves as the company's chairman and CEO, and Fernando Zobel, who sits as the president and chief operating officer.

Its core businesses are real estate development (Ayala Land), financial services (Bank of the Philippine Islands), telecommunications (Globe Telecom, a joint venture with Singapore Telecommunications), and water distribution (Manila Water). The company, however, also has interests in electronics manufacturing and business process outsourcing.

Ayala, backed by Japanese conglomerate Mitsubishi Corp., is slowly expanding into the infrastructure and power sectors. Through AC Energy Holdings, Ayala aims to build power generating capacity of 1,000 megawatts by 2016, while it intends to build expressways and railways via AC Infrastructure Holdings. Together with Metro Pacific Investments, the company recently won a $1.5 billion contract to expand and run a major overhead railway in Manila. The company has also announced a foray into education.

Business Summary

Ayala Corp. operates as a holding company, which is engaged in providing real estate, telecommunications, utilities, logistics, financial and insurance services. It operates through the following segments: Parent Company, Real Estate and Hotels, Financial Services and Insurance, Telecommunications, Water, Electronics, Power Generation, and Automotive and Others. The Parent Company segment represents the operations of the Parent Company including its financing entities such as ACIFL, AYCFL, PFIL and MHI. The Real Estate and Hotels segment is engaged in planning and development of large-scale fully integrated mixed-used communities that become thriving economic centers in their respective regions. The Financial Services and Insurance segment offers banking services including savings and time deposits, loans, foreign exchange and securities dealing, and safety deposit facilities. The Telecommunications segment provides digital wireless and wireline voice communication services, broadband services, long distance communication, and mobile commerce services. The Water Infrastructure segment manages, operates repairs, decommissions, and refurbishes all fixed and movable assets required to provide water delivery and sewage services. The Electronics Manufacturing segment offers electronics manufacturing services for original equipment manufacturers in the computing, communications, consumer, automotive, industrial and medical electronics markets. The Power Generation segment is engaged in building portfolio of power generation assets using renewable and conventional technologies which in turn will operate business of generating, transmission of electricity, distribution of electricity and supply of electricity, including the provision of related services. The Automotive and Others segment is engaged in manufacturing, distribution and sale and providing repairs and services for passenger cars and commercial vehicles. The company was founded on January 23, 1968 and is headquartered in Makati, Philippines.

Financial Highlights

Dec 2021	PHP	USD
Revenue	225,591.92M	4,576.40M
Gross Profit	46,987.47M	953.19M
Operating income	21,549.00M	437.14M
Income before tax	19,377.21M	393.08M
Net income	28,238.17M	572.84M
EBITDA	36,979.15M	750.16M
Diluted EPS	42.51	0.86
Dividends Per Share	6.92	0.14
Total Assets	1,351.34B	26,500.93M
Total liabilities	783,673.17M	15,368.40M
Total equity	365,094.79M	7,159.77M
Operating cash flow	10,041.96M	203.71M
	Currency in PHP	Currency in USD

Historical Data

PHP | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	242,227.64M	256,891.28M	264,906.53M	193,622.43M	225,591.92M
Gross Profit	64,635.13M	65,238.01M	72,040.54M	46,125.57M	46,987.47M
Operating income	43,343.67M	42,356.12M	44,690.45M	20,441.08M	21,549.00M
Income before tax	62,126.53M	42,490.51M	64,055.60M	7,096.73M	19,377.21M
Net income	30,263.84M	31,817.72M	35,279.33M	11,944.67M	28,238.17M
EBITDA	55,641.53M	55,917.71M	63,331.76M	36,796.38M	36,979.15M
Diluted EPS	45.99	48.35	53.92	25.23	42.51
Dividends Per Share	6.92	6.92	8.30	6.92	6.92
Total Assets	1,023.54B	1,199.45B	1,347.00B	1,407.99B	1,351.34B
Total liabilities	611,257.51M	728,817.26M	835,972.40M	863,335.88M	783,673.17M
Total equity	257,541.10M	292,133.18M	330,526.39M	341,420.86M	365,094.79M
Operating cash flow	30,059.54M	51,424.34M	35,122.25M	-5,223.25M	10,041.96M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	4,804.70M	4,876.18M	5,115.96M	3,903.63M	4,576.40M
Gross Profit	1,282.07M	1,238.31M	1,391.27M	929.94M	953.19M
Operating income	859.74M	803.98M	863.07M	412.11M	437.14M
Income before tax	1,232.31M	806.53M	1,237.06M	143.07M	393.08M
Net income	600.29M	603.94M	681.32M	240.81M	572.84M
EBITDA	1,103.67M	1,061.40M	1,223.08M	741.85M	750.16M
Diluted EPS	0.91	0.91	1.04	0.50	0.86
Dividends Per Share	0.13	0.13	0.16	0.13	0.14
Total Assets	20,503.67M	22,809.76M	26,597.00M	29,318.96M	26,500.93M
Total liabilities	12,244.74M	13,859.79M	16,506.51M	17,977.36M	15,368.40M
Total equity	5,159.07M	5,555.44M	6,526.33M	7,109.45M	7,159.77M
Operating cash flow	596.24M	976.11M	678.29M	-105.30M	203.71M

Valuation Measures

Dec 2021
PER	19.51
ROA	2.04%
ROE	7.99%
Operating margin	9.55%
Profit margin	12.51%

Key executives

Vice Chairman, President & Chief Executive Officer: Fernando Miranda Zobel de Ayala
CFO, Chief Risk & Sustainability Officer: Alberto Macapinlac de Larrazabal
Chief Information Officer: Maria Angelica B. Rapadas
Secretary, Chief Legal Officer & Senior MD: Solomon M. Hermosura
Managing Director: John Philip S. Orbeta

Shareholders

Mermac, Inc. (47.8%)
Mitsubishi Corp. (6.0%)
Norges Bank Investment Management (1.7%)
The Vanguard Group, Inc. (1.6%)
SM Investments Corp. (1.4%)
Orbis Investment Management Ltd. (0.8%)
BlackRock Fund Advisors (0.7%)
BDO Unibank, Inc. (Investment Management) (0.3%)
Geode Capital Management LLC (0.2%)
Estate Of Sy Henry Sr (0.2%)

Contact Details

Website:http://www.ayala.com.ph
Address: Ayala Triangle Gardens Tower 2, Paseo de Roxas cor Makati Avenue, Makati City, 1226, Philippines
Phone: +63.2.908.3000

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Honda Cars Makati, Inc.
AC Industrial Technology Holdings, Inc.
Philwater Holdings Co., Inc.
Azalea Technology Investments, Inc.
Far East Trust Co.

Competitors

Robinsons Land Corp.
Megaworld Corp.
Flex Ltd.
SM Prime Holdings, Inc.
Vista Land & Lifescapes, Inc.
Plexus Corp.
Kimball Electronics, Inc.
CLP Holdings Limited
DMCI Holdings Inc.
Filinvest Land Incorporated
Origin Energy Limited
SM Investments Corporation
First Gen Corporation
Metro Pacific Investments Corporation
Megawide Construction Corporation
Robinsons Retail Holdings, Inc.

Last Updated on 8 Aug, 2022