Maynilad Water Services, Inc. · PSE:MYNLD

Maynilad Water Services — H1 2026 Earnings Presentation

16 slides from Maynilad Water Services's earnings presentation, August 2026

  1. Slide 1: Investor and Analyst Briefing for the First Half of 2026

    INVESTOR AND ANALYST BRIEFING for the First Half of 2026

  2. Slide 2: Management Team

    Management Team Ricardo F. de los Reyes Ramoncito S. Fernandez Christopher Jaime T. Lichauco Chief Finance Officer President and CEO Chief Operating Officer 2

  3. Slide 3: Billed volume is at an all-time high growing 2.9% YoY

    Billed volume is at an all-time high growing 2.9% YoY to 280.8 MCM 51.00 49.31 47.92 48.00 47.52 46.18 46.42 47.13 47.39 47.03 46.67 46.65 45.00 43.42 46.11 45.60 45.65 45.82 45.21 45.39 42.00 42.14 Growth Q1 Q2 1H Comparison 39.00 2026 2.3% 3.5% 2.9% 36.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct No

  4. Slide 4: Solid operational performance delivered improved services to customers

    Solid operational performance delivered improved services to customers Water Non-Revenue Water Water Service Coverage Min 7-PSI 24Hrs Water Availability 9 2,893MLD (average,%) (% of West Zone Population) (% of West Zone Population) Treatment Plants Treatment Capacity 40.8% 95.0% 94.7% 94.8% 92.1% 36

  5. Slide 5: Maynilad continues to invest heavily in the West Zone Concession

    Maynilad continues to invest heavily in the West Zone Concession Capex is 18.9% higher YoY 30,000 P91.5Bn 25,000 Total Capex in the current Rate Rebasing Period as of end June 2026 20,000 P Mn 2023 2024 2025 2026 15,000 Q1 YTD 3,003 3,514 4,853 5,415 12,894 Q2 YTD 8,434 8,219 10,846 12,894 Q3 YTD 13

  6. Slide 6: Capex program delivery is on track with projects nearing completion

    Capex program delivery is on track with projects nearing completion Operations Support Wastewater Treatment Water Sources Program NRW Management Program Program Program 29.7% NRW (as of end-June 2026) Modular Treatment Plants in Molino 5.5 MLD – ETC Nov 2026 – 95.33% Parada PSR 40 ML – ETC Aug 2026

  7. Slide 7: Investments in resiliency and NRW reduction manage El Niño-related water supply risks

    Investments in resiliency and significant NRW reduction put Maynilad in a better position to manage El Niño-related water supply risks 220.00 Historic Angat Reservoir Elevation (m) 210.00 200.00 190.00 180.00 Mitigation: 170.00 1. NRW reduction 2. Diversified water wources 3. Increased water storage

  8. Slide 8: Maynilad is better prepared now compared to the last severe El Niño

    Maynilad is better prepared now compared to the last severe El Niño CURRENT RESERVOIR CAPACITY = 779 ML

  9. Slide 9: Net Income up 14.0% despite higher operating costs

    Net Income up 14.0% despite higher operating costs Operating Revenue EBITDA Net Income Cash Opex Service Concession Assets P19.1Bn P13.7Bn P8.5Bn +8.9% +8.1% +4.1% YoY +7.5% YoY +14.0% YoY Impact of higher costs Asset growth to P217 Bn 1H2026 71.7% margin 44.5% margin cushioned by NRW reduction vs e

  10. Slide 10: Sustained capital investment drives Interim Cash Position growth

    Sustained capital investment in the West Zone continues to drive Interim Cash Position (ICP) growth 2.08x 2.02x 1.72x 1.77x 1.79x 184 164 144 Under the Revised Concession Agreement, it is 125 only the Opening Cash Position (OCP) as In ₱ Bn 100 103 determined by the regulator 93 which forms the sole

  11. Slide 11: There is sufficient financing headroom to fund future Capex

    There is sufficient financing headroom to fund future Capex In ₱ Bn 103.9 Key Debt Metrics 93.2 4% 84.3 5% 6% 1H26 FY25 Average Cost of Debt (ex VAT) 6.42% 6.20% 96% 95% Average Remaining Tenor 7.27 years 7.53 years 94% Debt/Equity (loan covenant definition) 0.9x 0.8x Debt Service Coverage Ratio 5.3

  12. Slide 12: Deployment of fundraising proceeds continues

    Deployment of fundraising proceeds continues Blue Bond Offering Green Equity IPO P14.8Bn 80.1% P25.1Bn 43.9% Blue Bond Net Disbursed IPO Net Proceeds Disbursed Proceeds As of June 30, 2026 (in P Mn) As of June 30, 2026 (in P Mn) Water CAPEX 6,222.1 Capital Expenditures Wastewater CAPEX 5,642.3 Water

  13. Slide 13: MYNLD joins PSEi effective Aug 3, 2026

    MYNLD joins PSEi effective Aug 3, 2026 Maynilad’s early inclusion in the PSEi reflects: • Strong market capitalization • Robust trading liquidity • Increased visibility among domestic and international investors • Broader institutional ownership potential

  14. Slide 14: Q&A

    Q&A

  15. Slide 15: Notice

    NOTICE This presentation is provided for information purposes only. It does not constitute an offer or invitation to purchase or subscribe for any securities of Maynilad Water Services, Inc. (the “Company”) or any of its subsidiaries or other companies it is invested in, and no part of this presenta

  16. Slide 16: Maynilad Water Services, Inc.

    Maynilad Water Services, Inc. Maynilad Building, MWSS Compound, Katipunan Ave., Pansol 1108 Quezon City, Philippines (+632) 8981-3310 investor.relations@mayniladwater.com.ph https://www.mayniladwater.com.ph/

Maynilad Water Services — H1 2026 Earnings Presentation on 6ix