COVER SHEET
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IM A N I L A E ! L E C T R I C C O M! P A N! v l
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! L ! o! P ! E l z l l sl u l 1 ! L ! o l 1 ! N! G! , l o! R ! T I 1 ! G! A! s l I A l v l E I N l ul E I , I I l s! R !Gl v l l u!G! o! N ! GI , ! P ! A! s l 1! GI ! c l 1! T l v l I I I I I I I I I I
(Business Address: No. Street City I Town I Province)
ATIY. WILLIAM 5. PAMINTUAN 632-8014
Contact Person Company Telephone Number
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Annual Meeting
Secondary License Type, if Applicable
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SECURITIES AND EXCHANGE COMMISSION SECFIRM11-C CURRENT REPORT UNDER SECTION11 If TIE SECURITIES REIIIITIINCODE IND SRCRILE 11.21cJ THEREUNDERDate of Report: October 24, 2016
SEC dentification Number: PW-102
B R Tax dentification Code: 000-101-528-000
Name of ssuer as specified in its Charter: Manila Electric Company
Country of ncorporation: Philippines
ndustry Classification: (SEC use only)
Address of principal office: Lopez Building, Ortigas Avenue, Barangay Ugong, Pasig City
ssuer's telephone numbers: 6328014 Area Code: 1605
Former name or former address:Not Applicable
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
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
MERALCOPRESS 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.
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