Financials and Operations

Key Figures

Net Income Attributable to MWC

EBITDA

Key Figures 3

Consolidated Revenue

Capex

Key Figures 2

Revenue by Business

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Revenue by Segment

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Financial Highlights

Manila Water - Consolidated

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues  19,836 18,516 17,712 16,936 16,357 15,926 14,553 12,004 11,013
EBITDA 12,639 11,696 11,971 11,670 11,561 11,647 10,718 8,190 7,608
Net Income attributable to MWC 6,524 6,147 6,065 5,958 5,813 5,752 5,490 4,266 3,979
Total Assets 122,533 102,482 85,479 80,608 74,860 72,858 67,127 60,897 48,621
Long-Term Debt 37,526 35,110 25,331 19,961 22,975 24,361 19,806 23,268 14,134
Equity 53,621 48,561 44,382 39,719 35,102 30,477 26,488 22,812 19,978

 

Manila Concession

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 16,234 15,072 14,980 14,910 14,882 14,794 13,648 11,703 10,799
EBITDA 11,617 10,876 10,837 10,199 10,454 10,671 9,806 5,878 5,689
Net Income 6,521 5,923 5,570 4,963 5,149 5,103 5,131 4,217 3,950

 

Manila Water Philippine Ventures (MWPV) - Consolidated

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 3,295 3,120 2,454 1,708          
EBITDA 2,289 895 1,214 841          
Net Income 195 287 564 290          

*Manila Water Philippine Ventures started operations in April 2014

 

Boracay Water - 80%

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 454 600 514 401 327 267 223 183 149
EBITDA 167 317 280 181 187 155 115 38 24
Net Income 6 142 122 70 96 73 33 21 26

Clark Water - 100%

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 455 459 415 400 383 336 319 278 236
EBITDA 199 209 200 193 185 168 169 141 114
Net Income 80 94 81 117 100 86 86 71 64

Laguna Water - 70%

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 1340 1213 987 828 677 332 190 96 72
EBITDA 636 (13) 495 445 354 200 100 41 23
Net Income 308 (301) 248 203 165 108 56 21 17

Cebu Water - 40.39%

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 141 246 214 223          
EBITDA 43 129 115 143          
Net Income 48 77 60 103          

*Cebu Water started operations in January 2015

 

Estate Water - 100%

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 638 637 452            
EBITDA 207 362 311            
Net Income 133 255 217            

*Estate Water started operations in January 2016

 

 

Manila Water Asia Pacific (MWAP) - Consolidated

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Equity Share in Net Income of Associates 699 457 369 404 140        
EBITDA 413 331 278            
Net Income 278 332 278            

*Manila Water Asia Pacific started operations in April 2014

 

Thu Duc Water - 49%

(in Million VND) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues  335,210 329,507 320,158 312,310 331,240 323,994 312,568    
EBITDA 223,306 218,883 212,337 206,392 229,822 226,355 221,894    
Net Income 105,406 104,056 100,411 97,435 116,617 111,702 94,352    
PFRS (In Million Php) -
Net Income @ 49%		 255 242 229 215 218 216 165  
 

*Thu Duc Water was acquired in December 2011

 

Kenh Dong Water - 47.35%

(in Million VND) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues 220,676 217,194 217,252 203,981 203,018 74,509      
EBITDA 148,187 147,683 149,205 143,652 150,898 55,714      
Net Income 74,452 78,250 64,854 49,997 46,619 (1,002)      
PFRS (In Million Php) -
Net Income @ 47%		 153 148 127 119 112 77      

*Kenh Dong Water started operations in July 2013

 

 

Manila Water Total Solutions (MWTS)

(in Million Php) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Revenues  419 700 799 136          
EBITDA -69 (3) 62            
Net Income (Loss) -205 (61) (14) (9)          

Operating Highlights

Manila Water - Consolidated

(in mcm) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume 1160.33 250.3 717.2 687.9 623.9 574.6 559.4 411.6 409.8
Non-Revenue Water 1,107,455 1,078,189 1,041,830 1,091,926 1,047,349 995,953 945,692 893,838 838,522

 

Manila Concession

  FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 503.29   478.9 461.4 449.0 433.6 427.3 411.6 409.8
Non-Revenue Water 11.4% 11.6% 10.8% 11.2% 11.3% 11.2% 12.2% 11.2% 11.0%
Billed Connections 986,756 961,663 930,089 976,321 949,230 921,898 896,148 857,981 813,942

 

Manila Water Philippine Ventures (MWPV) - Consolidated

(in mcm) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume 82.16 81.7 71.4 61.4          
Water Connections  120,699 116,526 111,741 115,605          

*Manila Water Philippine Ventures started operations in April 2015

 

Boracay Water

  FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 3.93 5.5 4.9 4.3 4.0 3.6 3.1 2.5 2.1
Non-Revenue Water 13.8% 22.5% 13.0% 20.7% 17.0% 14.0% 14.4% 22.9% 29.0%
Water Connections  6,106 6,267 6,475 6,379 6,125 5,647 5,288 4,736 4,174

Clark Water

  FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 14.13 14.5 13.4 12.8 11.6 9.8 9.0 7.8 0.8
Non-Revenue Water 6.7% 3.9% 4.5% 4.0% 5.0% 8.0% 12.0% 14.9% 14.4%
Water Connections 2,061 2,050 1,979 1,963 1,978 1,975 1,913 1,886 1,825

Laguna Water

  FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 42.5 44.1 39.4 36.2 31.8 11.4 8.1 4.9 3.9
Non-Revenue Water 16.70% 18.20% 21.4% 11.0% 12.0% 18.0% 25.0% 38.0% 45.0%
Water Connections 102,068 98,056 96,534 107,263 90,016 66,433 42,343 29,235 18,581

Cebu Water

  FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 12.8 13.0 11.6 8.1          
Non-Revenue Water 2.0% 5.0% 5.0% 5.0%          

*Cebu Water started operations in January 2015

 

Estate Water

  FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 5.65 4.5 2.1            
Water Connections 10,464 10,153 6,753            

*Estate Water started operations in January 2016

 

 

Manila Water Asia Pacific (MWAP) - Consolidated

(in mcm) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume 574.9 168.6 166.9 165.1 174.9        

*Manila Water Asia Pacific started operations in April 2014

 

Thu Duc Water

(in mcm) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 110.2 110.9 110.2 110.0 119.7 120.4 132.1    

*Thu Duc Water was acquired in December 2011

 

Kenh Dong Water

(in mcm) FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Billed Volume (in Million Cubic Meters) 57.0 57.8 56.7 55.1 55.2 20.6      

*Kenh Dong Water started commercial operations in July 2013

 

 

Manila Water Total Solutions (MWTS)

Bottle Sales FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Healthy Family 5-Gallon 5 6 4            
Healthy Family Mini 2 1