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Ayala Corp.

Business Summary

Ayala Corp. is a holding company, which is engaged in providing real estate, telecommunications, utilities, logistics, financial and insurance services. It operates through following business segments: Parent Company, Real Estate and Hotels, Financial Services and Insurance, Telecommunications, Water Infrastructure, Electronics Manufacturing, Power generation, and Automotive, IT/BPO and Others. The Parent Company segment represents 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 sewerage 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, IT/BPO 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 2019 PHPUSD
Gross Profit74,923.27M1,446.94M
Operating income42,810.46M826.77M
Income before tax64,055.60M1,237.06M
Net income65,712.82M1,269.06M
Diluted EPS----
Dividends Per Share8.300.16
Total Assets1,345.28B26,563.05M
Total liabilities835,972.40M16,506.51M
Total equity328,807.26M6,492.39M
Operating cash flow----
Currency in PHPCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 174,034.99M 199,208.89M 242,227.64M 274,881.48M 264,906.53M
Gross Profit 49,554.74M 56,009.24M 64,635.13M 75,888.08M 74,923.27M
Operating income 27,836.10M 38,409.98M 43,343.67M 49,777.57M 42,810.46M
Income before tax 47,306.49M 35,785.69M 62,126.53M 70,184.83M 64,055.60M
Net income 22,278.95M 26,011.26M 30,263.84M 31,817.72M 65,712.82M
EBITDA 37,279.19M 49,970.45M 55,641.53M 63,339.16M --
Diluted EPS 33.38 39.30 45.99 48.21 --
Dividends Per Share 5.76 5.76 6.92 6.92 8.30
Total Assets 795,981.39M 913,273.80M 1,023.54B 1,200.10B 1,345.28B
Total liabilities 467,973.21M 542,631.87M 611,257.51M 729,466.58M 835,972.40M
Total equity 208,121.55M 230,568.58M 257,541.10M 292,133.18M 328,807.26M
Operating cash flow 26,895.34M 43,777.69M 30,059.54M 60,054.58M --
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 3,822.17M 4,194.97M 4,804.70M 5,217.66M 5,115.96M
Gross Profit 1,088.32M 1,179.45M 1,282.07M 1,440.47M 1,446.94M
Operating income 611.33M 808.84M 859.74M 944.85M 826.77M
Income before tax 1,038.95M 753.58M 1,232.31M 1,332.21M 1,237.06M
Net income 489.29M 547.74M 600.29M 603.94M 1,269.06M
EBITDA 818.72M 1,052.28M 1,103.67M 1,202.27M --
Diluted EPS 0.73 0.82 0.91 0.91 --
Dividends Per Share 0.12 0.12 0.13 0.13 0.16
Total Assets 16,915.97M 18,371.10M 20,503.67M 22,822.11M 26,563.05M
Total liabilities 9,945.23M 10,915.40M 12,244.74M 13,872.14M 16,506.51M
Total equity 4,422.94M 4,638.04M 5,159.07M 5,555.44M 6,492.39M
Operating cash flow 590.67M 921.87M 596.24M 1,139.92M --

Valuation Measures

Dec 2019
Operating margin16.16%
Profit margin24.80%

Key executives

  • Chairman & Chief Executive Officer: Jaime Augusto Zobel de Ayala
  • Vice Chairman, President & Chief Operating Officer: Fernando Miranda Zobel de Ayala
  • CFO, MD, Chief Risk Officer, & Group Head-Finance: Jose Teodoro K. Limcaoco
  • Chief Information Officer: Maria Angelica B. Rapadas
  • Secretary, Chief Legal Officer & General Counsel: Solomon M. Hermosura


  • Mermac, Inc. (47.4%)
  • Mitsubishi Corp. (6.0%)
  • First Sentier Investors (Australia) IM Ltd. (1.5%)
  • The Caisse de depot et placement du Quebec (1.5%)
  • The Vanguard Group, Inc. (1.4%)
  • SM Investments Corp. (1.4%)
  • Orbis Investment Management Ltd. (0.8%)
  • BlackRock Fund Advisors (0.7%)
  • FIL Investment Management (Singapore) Ltd. (0.5%)
  • APG Asset Management NV (0.3%)

Contact Details

  • Website:
  • Address: Tower One and Exchange Plaza, Ayala Avenue, Makati City, 1226, Philippines
  • Phone: +63.2.908.3000

Related Companies

  • AC Energy, Inc. (Philippines)
  • Ayala Capital
  • GNPower Kauswagan
  • PFIL North America, Inc.
  • Michigan Holdings, Inc. /PH/
  • Ayala Healthcare Holdings, Inc.
  • Ayala Education, Inc.
  • Ayala Group Legal
  • AC Infrastructure Holdings Corp.
  • AC Energy Holdings, Inc.
  • Universal Reinsurance Corp.
  • AG Counselors Corp.
  • Pure Foods International Ltd.
  • EDINet Philippines, Inc.
  • Ayala Aviation Corp.
  • iOne Resources, Inc.
  • AYC Finance Ltd.
  • Darong Agricultural Development Corp.
  • Technopark Land, Inc.
  • Ayala Multi Purpose Cooperative
  • BPI Card Finance Corp.
  • Bestfull Holdings Ltd.
  • Water Capital Works, Inc.
  • Makati Development Corp.
  • Honda Cars Makati, Inc.
  • AC Industrial Technology Holdings, Inc.
  • Philwater Holdings Co., Inc.
  • Azalea Technology Investments, Inc.
  • Far East Trust Co.
  • Ayala Corp. ESOWN


  • SM Investments Corporation
  • Plexus Corp.
  • Flex Ltd.
  • DMCI Holdings Inc.
  • Kimball Electronics, Inc.
  • Megaworld Corp.
  • Robinsons Land Corp.
  • Filinvest Land Incorporated
  • Vista Land & Lifescapes, Inc.
  • EEI Corporation
  • First Gen Corporation
  • Metro Pacific Investments Corporation
  • Robinsons Retail Holdings, Inc.
Last Updated on 8 Apr, 2020

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