Manila Water Co. Inc. · PSE:MWC
Manila Water — 9M 2019 Earnings Presentation
34 slides from Manila Water's earnings presentation, Nov 11, 2019
Slide 1: 9M 2019 Analysts' Briefing
MANILA WATER CARE IN EVERY DROP 9M 2019 ANALYSTS’ BRIEFING November 11, 2019 The Blue Room, 25F Tower One & Exchange Plaza
Slide 2: Key Messages
Consolidated net income stood at Php4.4 Bn, 11% lower than last year as performance continues to be dampened by the impact of the water shortage in the Manila Concession. Despite these challenges, core net income grew 10% to Php5.8 Bn, driven by continued efforts towards operating efficiency in the
Slide 3: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE
Slide 4: Consolidated Net Income Summary
CONSOLIDATED NET INCOME SUMMARY
Slide 5: Consolidated Costs and Expenses
CONSOLIDATED COSTS AND EXPENSES
Slide 6: Group Operating Results and Capital Expenditures
GROUP OPERATING RESULTS CAPITAL EXPENDITURES
Slide 7: Consolidated Balance Sheet Highlights
CONSOLIDATED BALANCE SHEET HIGHLIGHTS
Slide 8: Manila Concession
MANILA CONCESSION
Slide 9: Manila Concession Operating Highlights
MANILA CONCESSION OPERATING HIGHLIGHTS
Slide 10: Manila Concession Financial Highlights
MANILA CONCESSION FINANCIAL HIGHLIGHTS
Slide 11: Water Supply
MANILA Water Supply CONCESSION UPDATES • • •
Slide 12: Water Supply Concession Updates
MANILA Water Supply CONCESSION UPDATES • Cardona WTP at 100MLD • Luzon WTP (20MLD) • Rotational water interruptions (in • Operation of 150MLD • Installation of small (2ML - coordination w/ NWRB & deepwells 5ML) reservoirs in key MWSS) • Reactivation of existing locations deepwells (50MLD) • NRW Mana
Slide 13: Manila Concession Updates
Beyond water, our goal is to provide efficient M AN | L A sewerage and sanitation services for all. CONCESSION — : U p DAT ES ™A. We will continue to serve eel communities. ptt 1997 Consistent with its 2.929.431 mandate as osa077 concessionaire for the East Zone, Manila Water continues to invest in
Slide 14: Wastewater Accomplishments
WASTEWATER ACCOMPLISHMENTS 1997 2018 2 Wastewater Facilities 40 Wastewater Facilities 83 km sewer networks 359 km sewer networks 2.3 million Population served 45,000approx. Population served 66 desludging tankers 78 desludging tankers 889,010 septic tanks de-sludged 1,761,108 m3 treated septage
Slide 15: Wastewater Facilities
WASTEWATER FACILITIES Taguig North Marikina North 75,000 m3/day total 100,000 m3/day total sewage capacity sewage capacity 100,000 m3/day total sewage capacity Ilugin System
Slide 16: Manila Water Wastewater Accomplishment
Since 1997 Manila Water Constructed 38 Sewage Treatment Plants Manila Water has spent more than what it has 2 collected for Wastewater Septage Treatment Plants Collection Php36.9 Bn Expenditure Php38.5 Bn Over Expenditure Php1.64 Bn 276 Km of Sewer Lines MANILA WATER WASTEWATER ACCOMPLISHMENT
Slide 17: Manila Water Philippine Ventures
MANILA WATER PHILIPPINE VENTURES
Slide 18: Philippine Ventures Consolidated
MANILA WATER PHILIPPINE VENTURES CONSOLIDATED
Slide 19: Philippine Ventures Operating and Financial Highlights
MANILA WATER PHILIPPINE VENTURES OPERATING AND FINANCIAL HIGHLIGHTS
Slide 20: Philippine Ventures Operating and Financial Highlights
MANILA WATER PHILIPPINE VENTURES OPERATING AND FINANCIAL HIGHLIGHTS Higher net income driven by 21% increase in revenues on the back of higher average tariff and increase in billed connections
Slide 21: Philippine Ventures Operating and Financial Highlights
MANILA WATER PHILIPPINE VENTURES OPERATING AND FINANCIAL HIGHLIGHTS Net income growth driven by significant increase in supervision fees from ongoing projects. Excluding one-offs, net income would be at Php308 million for the period. Billed volume increase driven by higher billed connections
Slide 22: Philippine Ventures Operating and Financial Highlights
MANILA WATER PHILIPPINE VENTURES OPERATING Billed volume increase due to higher number of tourist arrivals with the re- AND FINANCIAL opening of the island HIGHLIGHTS Net income growth driven by higher billed volume and average effective tariff
Slide 23: Philippine Ventures Operating and Financial Highlights
MANILA WATER PHILIPPINE VENTURES OPERATING AND FINANCIAL HIGHLIGHTS Net income decline due to largely flat revenues from existing accounts and higher interest expense
Slide 24: Manila Water Asia Pacific
MANILA WATER ASIA PACIFIC
Slide 25: Asia Pacific Consolidated
MANILA WATER ASIA PACIFIC CONSOLIDATED
Slide 26: Asia Pacific Operating and Financial Highlights
MANILA WATER ASIA PACIFIC OPERATING AND FINANCIAL HIGHLIGHTS
Slide 27: Asia Pacific Operating and Financial Highlights
MANILA WATER ASIA PACIFIC OPERATING AND FINANCIAL HIGHLIGHTS Lower net income due to higher directs costs driven by supply distribution adjustments, as well as higher depreciation expense with the completion of the Prasae – Nongplalai pipeline project
Slide 28: Asia Pacific Operating and Financial Highlights
MANILA WATER Steady revenue levels offset by ASIA PACIFIC higher costs for raw water and OPERATING power, as well as maintenance and regulatory costs AND FINANCIAL HIGHLIGHTS
Slide 29: Asia Pacific Operating and Financial Highlights
MANILA WATER ASIA PACIFIC OPERATING AND FINANCIAL HIGHLIGHTS Revenue growth from billed volume and contractual tariff increase offset by higher direct costs driven by increased raw water rate
Slide 30: Asia Pacific Operating and Financial Highlights
MANILA WATER ASIA PACIFIC OPERATING AND FINANCIAL HIGHLIGHTS Net income decline relative to one-off gain on sale of Can Tho in 2018. Excluding one-offs, equity share in net income of Saigon Water increased by 78%. Billed volume growth offset by lower service revenue contribution from engineering ser
Slide 31: Manila Water Total Solutions
MANILA WATER TOTAL SOLUTIONS
Slide 32: Total Solutions Operating and Financial Highlights
MANILA WATER TOTAL SOLUTIONS OPERATING AND FINANCIAL HIGHLIGHTS
Slide 33: Summary
Consolidated net income stood at Php4.4 Bn, 11% lower than last year as performance continues to be dampened by the impact of the water shortage in the Manila Concession. Despite these challenges, core net income grew 10% to Php5.8 Bn, driven by continued efforts towards operating efficiency in the
Slide 34: Disclaimer
D I S C L A I MER Specific statements and illustrations contained in this report may constitute “forward-looking statements” within the meaning of applicable securities laws and regulations. These statements (including as to plans, objectives, projections, and estimates) and illustrations include in