COVER SHEET

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S.E.C Registration Number

IM A N I L A E ! L E C T R I C C O M! P A N! v l

(Company's ull Name)

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(Business Address: No. Street City I Town I Province)

ATIY. WILLIAM 5. PAMINTUAN 632-8014

Contact Person Company Telephone Number

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Fiscal Year

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FORM TYPE Month Day

Annual Meeting

Secondary License Type, if Applicable

Dept. Requiring this Doc. Amended Articles Number/Section

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Total Amount of Borrowings

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Total No. of Stockholders Domestic Foreign

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Remarks = pis. use black ink for scanning purposes

SECURITIES AND EXCHANGE COMMISSION SECFIRM11-C CURRENT REPORT UNDER SECTION11 If TIE SECURITIES REIIIITIINCODE IND SRCRILE 11.21cJ THEREUNDER
  1. Date of Report: October 24, 2016

  2. SEC dentification Number: PW-102

  3. B R Tax dentification Code: 000-101-528-000

  4. Name of ssuer as specified in its Charter: Manila Electric Company

  5. Country of ncorporation: Philippines

  6. ndustry Classification: (SEC use only)

  7. Address of principal office: Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City

  8. ssuer's telephone numbers: 6328014 Area Code: 1605

  9. Former name or former address:Not Applicable

  10. Securities registered pursuant to Sections 18 and 12 of the SRC or Sections 4 and 8 of the RSA:

    Number of Shares of

    Common stock outstanding

    1,127,098,705

    (As of September 30, 2016)

    Debt Securities: Php 18.5 Billion Bonds

  11. Item Number reported: Item 9 (Other Events)

The Company's Board of Directors (BOD), in its regular meeting held today, October 24, 2016, approved the Company's Financial and Operating Results for the nine (9) months ended September 30, 2016 (refer to the attached Press release).

SI GNATURE

Pursuant to the requirements of the Securities Regulation Code,the issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MAN LA ELECTR C COMPANY

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Issuer

WILLI .PAMINTUAN

First Vice President

Assistant Corporate Secretary &

Information Disclosure Officer

Date: October 24, 2016

Cc: Disclosure Department Listings and Disclosure Group Philippine Stock Exchange

Issuer Compliance and Disclosure Department Philippine Dealing & Exchange Corp.

fJJ

MERALCO

PRESS RELEASE

FINANCIAL AND OPERATING RESULTS

FOR THE NINE (9) MONTHS ENDED SEPTEMBER 30, 2016 WITH COMPARATIVES FOR 2015

Highlights

  • Consolidated Core Net Income for the first nine (9) months of 2016 at Pesos 15.0 billion, 5% lower compared with Pesos 15.8 billion in 2015

  • Consolidated Reported Net Income for the nine (9) months ended September 30, 2016 at Pesos 15.7 billion, 3% lower than 2015

  • Consolidated electricity revenues at Pesos 189.1 billion for the nine (9)-month period of 2016, 1% lower year-on-year

  • Consolidated distribution revenues at Pesos 42.9 billion for the first nine (9) months of 2016, 3% higher than 2015

  • Consolidated non-electricity revenues at Pesos 6.0 billion for the nine (9)-month period of 2016, 9% higher year-on-year

  • Consolidated Core EBITDA at Pesos 26.2 billion, a Core EBITDA margin of 13% in the nine (9)-month period of 2016 on Consolidated Electricity Revenues

  • Core Earnings per Share at Pesos 13.28

  • Consolidated volume of energy sold of 30,103 GWh for the first nine (9) months of 2016, 9% higher than 2015

  • Customer count increased by over 4% to almost 6.0 million

  • Average consolidated distribution rate for the first nine (9) months of 2016 was Pesos 1.42/kWh, 7% lower than 2015

  • System loss rate at 6.40%, an "all-time low"

MANILA, PHILIPPINES, 24th October 2016 -Manila Electric Company ("Meralco" or the "Company") (PSE: MER) today announced that its unaudited Consolidated Core Net Income, before exceptional items, for the nine (9) months ended September 30, 2016 amounted to Pesos 15.0 billion, 5% lower than 2015. Consolidated Reported Net Income for the first nine months of 2016 amounted to Pesos 15.7 billion, 3% lower than the amount

Meralco - Manila Electric Company published this content on 24 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 October 2016 08:47:04 UTC.

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