Manila Water Co. Inc. · PSE:MWC
Manila Water — Q1 2025 Earnings Presentation
17 slides from Manila Water's earnings presentation, May 9, 2025
Slide 1: 1Q 2025 Analysts' Briefing
1Q 2025 Analysts’ Briefing May 09, 2025
Slide 2: For questions and comments, send us an e-mail
For questions and comments, you may send us an e-mail at: invrel@manilawater.com
Slide 3: 1Q 2025 Financial and Operating Highlights
1Q 2025 Financial and Operating Highlights Billed Consolidated EBITDA NIAT CAPEX Volume Revenues +12% +14% Php4.8 Bn NIAT margin +1% +8% EBITDA Margin +2 ppts EZ: Php4.0 Bn NEZ PH: Php0.8 Bn +3 ppts • Consolidated revenues were up by 8%, primarily driven by implemented tariff adjustments in the EZ a
Slide 4: Consolidated Financial Performance
Consolidated Financial Performance (in Million Php) 1Q 2025 1Q 2024 % Change NIAT grows by 14% with strong topline performance Operating Revenues 9,541 8,818 8% and effective cost management COS and Operating Expenses (2,774) (2,719) 2% Other Income (Expenses) – Net 158 88 80% • Consolidated revenue
Slide 5: Consolidated Financial Performance: Net income contribution per SBU
Consolidated Financial Performance Net income contribution per SBU (in million Php) 3,560 3,237 3,124 2,790 329 248 22 7 Parent NEZ - Philippines NEZ - International Conso 1Q 2025 1Q 2024 • Parent Company: Higher revenues from implemented tariff increases push NIAT up by 16% to Php3.2 billion • NEZ
Slide 6: Capital Expenditures
Capital Expenditures 1Q 2025 1Q 2024 CAPEX Highlights 1Q 2025 NEZ-PH NEZ-PH East Zone: Php4.0 billion Php805 million Php375 million (17%) (8%) • East Bay 2 – Php1.1 billion • Wawa-Calawis Ph2 – Php1.6 billion • Manda West– Php0.4 billion • LTE 3 – Php0.3 billion Php4,763 million Php4,571 million • K
Slide 7: Capital Expenditures: East Zone
Capital Expenditures: East Zone (80 MLD) Wawa-Calawis Ph1 San Mateo – Rodriguez Sewerage Ongoing facility warranty period Network 38% Completed Wastewater Water Treatment Plants (restructured work packages) Treatment Plants (438 MLD) Wawa-Calawis Ph 2 60% Completed (220 MLD package) (60 MLD) Manda W
Slide 8: Capital Expenditures: NEZ – Philippines
Capital Expenditures: NEZ – Philippines Water Treatment Plant, Ilagan Water Wastewater Water Treatment Plants 90% Completed (project design reassessment ongoing) (20 MLD) BNR STP Upgrade, Clark Water Treatment Plants 96% Completed (9 MLD) Alviera STP, Estate Water Cresendo Estate Commercial Cistern
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights ASSETS LIABILITIES AND EQUITY 230,446 227,943 230,446 227,943 1Q 2025 FY 2024 6,921 Key Balance Sheet Items 7,437 76,154 77,334 Cash and Cash (in million Php) Equivalents 26,264 Cash & Cash Equivalents 6,921 7,437 Other assets 26,736 Equity CAPEX 4,763 26,277 Liabilities PPE
Slide 10: Parent Company (East Zone Concession)
Parent Company (East Zone Concession)
Slide 11: Parent Company: Operating Highlights
Parent Company: Operating Highlights • BV declined by 2% with lower consumption from residential segment and lower cross border volume 1Q 2025 1Q 2024 % Change • Average tariff increased by 13% with implementation of 3rd tranche of RR tariff adjustment in January 2025 Billed Volume (in MCM) 126.7 12
Slide 12: Parent Company: Financial Highlights
Parent Company: Financial Highlights NIAT at Php3.2 billion driven by strong topline (in Million Php) 1Q 2025 1Q 2024 % Change performance coupled with lower direct costs Operating Revenues 7,607 6,985 9% COS and Operating Expenses (1,906) (1,891) 1% • Higher revenues driven by tariff adjustments Ot
Slide 13: Non-East Zone Businesses
Non-East Zone Businesses
Slide 14: NEZ Businesses: Financial Highlights
NEZ Businesses: Financial Highlights (in Million Php) 1Q 2025 1Q 2024 % Change Operating Revenues 2,207 1,902 16% COS and Operating Expenses (1,091) (929) 17% NEZ PH: NIAT grew 33% vs LY with solid contributions from business units Other Income (expenses) – net 6 - 100% EBITDA 1,122 973 15% • Revenu
Slide 15: Sustainability + ESG Highlights
Sustainability + ESG Highlights Q1 2025 Protect the Environment Help Communities Thrive Build a Culture of Care and Trust Advancing Environmental Stewardship Ensuring Sanitation Access for All Sustaining Stakeholder Trust • Received patent from • 1st and only Philippine • Pioneered 1st switch compan
Slide 16: Summary
Summary • Consolidated revenues were up by 8%, primarily driven by implemented tariff adjustments in the EZ and several key NEZ PH businesses • EBITDA rose by 12% to Php6.9 billion. Topline momentum and cost discipline helped mitigate expenditures related to new facilities and system enhancements. E
Slide 17: Thank you
Thank you For more information, please contact Manila Water Investor Relations via email invrel@manilawater.com Or visit www.manilawater.com/investor