Business Profile

Manila Water Company, Inc. (“Manila Water”) was incorporated on January 6, 1997 and started commercial operations on January 1, 2000. It became a publicly listed company via an initial public offering on March 18, 2005.

Manila Water holds the right to provide water and wastewater services to the eastern side of Metro Manila under a Concession Agreement (“CA”) entered into between Manila Water and the Metropolitan Waterworks and Sewerage System (“MWSS”) in August 1997 (“Manila Concession”). The original term of the concession was for a period of 25 years to expire in 2022. The Manila Concession was extended by another 15 years by MWSS and the Philippine Government in 2009, thereby extending the term from May 2022 to May 2037.

On December 10, 2021, the franchise of Manila Water (Republic Act (RA) No. 11601) was signed into law and became effective on January 25, 2022. Said law grants Manila Water the franchise to establish, operate, and maintain a waterworks and sewerage system in the East Zone Service Area of Metro Manila and the Province of Rizal for a period of twenty-five (25) years and confirms the status of Manila Water as a public utility.

The Company provides water treatment, water distribution, sewerage and sanitation services to more than seven (7) million people in the East Zone, comprising a broad range of residential, semi-business, commercial and industrial customers. The East Zone encompasses twenty-four (24) cities and municipalities spanning a 1,400-square kilometer area that includes Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, most parts of Quezon City, portions of Manila and Parañaque, as well as the following towns of Rizal: Angono, Antipolo, Baras, Binangonan, Cainta, Cardona, Jala-Jala, Morong, Pililia, Montalban, San Mateo, Tanay, Taytay, and Teresa.

Trident Water is the controlling shareholder of Manila Water, with a 52.16% interest. The other substantial shareholders of Manila Water are Philwater Holdings Company, Inc., and Ayala Corporation, with a 19.01% and 12.26% stake, respectively.

Aside from the Manila Concession, Manila Water has a holding company for its domestic operating subsidiaries in Manila Water Philippine Ventures, Inc. (MWPV). Currently under MWPV are (1) bulk water supply under Metro Ilagan Water Company, Inc., Manila Water Consortium, Inc., with its subsidiary - Cebu Manila Water Development, Inc., Davao del Norte Water Infrastructure Company, Inc., with its subsidiary - Tagum Water Company, Inc.; (2) water distribution and waste water services namely, Boracay Island Water Company, Inc., Clark Water Corporation, Laguna AAAWater Corporation, Calbayog Water Company, Inc., North Luzon Water Company, Inc., Leyte Water Company, Inc. and Filipinas Water Consortium Holdings Corp., with its subsidiaries - Obando Water Company, Inc., MWPV South Luzon Water Corp., Bulakan Water Company, Inc., and Metro Ilagan Water Company, Inc. Another subsidiary of Manila Water is Calasiao Water Company, Inc., a water supply project for the Calasiao Water District; and (3) business-to-business water and wastewater services comprised of Aqua Centro MWPV Corp., Bulacan MWPV Development Corporation, Manila Water Technical Ventures, Inc., and EcoWater MWPV Corp. Under MWPV is a division, Estate Water, which operates and manages the water systems of townships developed by Ayala Land, Inc. Beginning 2021, Estate Water provided waste water services to Ayala Malls.

Manila Water Asia Pacific Pte. Ltd. (MWAP) is the holding company for the international ventures of Manila Water. It is the sole shareholder of Manila Water South Asia Holdings Pte. Ltd. (MWSAH), Thu Duc Water Holdings Pte. Ltd. (TDWH), Kenh Dong Water Holdings Pte. Ltd. (KDWH), and Manila Water (Thailand) Co.

Under MWAP are two (2) affiliated companies in Vietnam, namely Thu Duc Water B.O.O. Corporation (“Thu Duc Water”) and Kenh Dong Water Supply Joint Stock Company (“Kenh Dong Water”), both supplying treated water to Saigon Water Corporation (SAWACO) under a take-or-pay arrangement. Also under MWAP are Saigon Water Infrastructure Corporation (“Saigon Water”), a holding company listed in the Ho Chi Minh City Stock Exchange, and Cu Chi Water Supply Sewerage Company, Ltd. (“Cu Chi Water”).

Apart from its operations in Vietnam, MWAP has associates in Thailand and Indonesia through Eastern Water Resources Development and Management Public Company Limited (“East Water”), a fully integrated water supply and distribution company listed in the Stock Exchange of Thailand (SET), and PT Sarana Tirta Ungaran (PT STU), an industrial water supply operation in Indonesia, respectively.

In the Middle East, MWAP has two (2) Management, Operation and Maintenance Contracts (MOMC) with the National Water Company (NWC) of the Kingdom of Saudi Arabia for its North West and Eastern Clusters. The MOMC contains the management, operations, and maintenance of the water and wastewater facilities to be undertaken through the consortium of Manila Water with Saur SAS and Miahona Company over a seven-year contract period, which entails the implementation of enabling projects and the deployment of key personnel to manage the cluster and achieve Key Performance Indicators target set by the NWC.

Manila Water Total Solutions Corp., a wholly-owned subsidiary, handles after-the-meter products and services including pipe-laying, integrated wastewater services, and the incubation of new sector businesses.