FIRST HALF 2022 FINANCIAL AND OPERATIONAL RESULTS ANALYSTS' BRIEFING
03 AUGUST 2022
CONTENTS
First Half 2022 Financial Highlights
Core Earnings Contribution Mix
Group Volume Dashboard
Stand-alone Performance of Operating Companies
Growth, Expansion, and Recent Developments
Sustainability at MPIC
APPENDIX
Consolidated Income Statement
Share in Operating Core Income
Condensed Income Statement of Operating Companies
Debt Profile
Balance Sheet Highlights
Illustrative Capital Expenditure and Cash Flows
FINANCIAL HIGHLIGHTS
Earnings Fueled by Strong Growth in Toll Road and Power Segments
In Billions | 1H 2022 | 1H 2021 | % | 1Q 22 vs. 1Q 21 |
AGGREGATE GROUPWIDE | ||||
REVENUES*
CORE EBITDA
₱243.3 | ₱194.7 | 25% | | 20% |
₱45.1 | ₱40.3 | 12% | | 11% |
MPIC SHARE
SHARE IN OPERATING CORE INCOME
- CORE INCOME
₱9.8 | ₱8.5 15% | 14% |
₱7.5 | ₱6.0 24% | 23% |
*Excluding Meralco pass-through revenues, aggregate groupwide revenues for YTD June 2022 10% vs YTD June 2021
CORE EARNINGS CONTRIBUTION MIX
In Millions of Pesos | 1H 2022 | 1H 2021 | % | |
POWER | ₱5,872 | ₱5,375 | | 9% |
34% | ||||
TOLL ROADS | 2,498 | 1,866 | ||
WATER | 1,447 | 1,439 | | 1% |
18% | ||||
LIGHT RAIL | (162) | (197) | ||
OTHERS | 127 | 45 | 182% | |
SHARE IN OPERATING | 9,782 | 8,528 | 15% | |
CORE INCOME | ||||
Head Office | (607) | (567) | | 7% |
12% | ||||
Interest - Net | (1,715) | (1,945) | ||
CORE NET INCOME | 7,460 | 6,016 | 24% |
In ₱ Millions
1,447 | 15% | ||||
1,439 | 17% | Power | |||
2,498 | 26% | 1,866 | 22% | ||
Toll Roads | |||||
Water | |||||
5,872 | 60% | 5,375 | 63% | Others | |
(35) | 0% | (152) | -2% |
1H 2022 | 1H 2021 | |
- Power segment has consistently been the largest contributor to earnings
- Toll roads business benefitted from toll rate adjustments, opening of new road and more relaxed quarantine measures
- Water business remained profitable despite reduction in volumes
GROUP VOLUME DASHBOARD
MPTC AVERAGE DAILY TRAFFIC | |||||||||
In Thousands | |||||||||
North Luzon Expressway | |||||||||
247 | 293 299 | 303 303 303 | |||||||
Jan | Feb | Mar | Apr May Jun Jul Aug | Sep | Oct | Nov | Dec | ||
Subic-Clark-Tarlac Expressway | |||||||||
72 | 80 | 77 | 74 | ||||||
56 | 68 | ||||||||
Jan | Feb | Mar | Apr May Jun Jul Aug | Sep | Oct | Nov | Dec | ||
Cavite Expressway | |||||||||
168 | 167 170 171 | ||||||||
132 | 161 | ||||||||
Jan | Feb | Mar | Apr May Jun Jul Aug | Sep | Oct | Nov | Dec | ||
Cavite - Laguna Expressway | |||||||||
22 | 29 | 29 | 29 | 21 | 30 | ||||
Jan | Feb | Mar | Apr May Jun Jul Aug | Sep | Oct | Nov | Dec |
MERALCO ENERGY SALES | ||||
In GWh | ||||
4,464 | ||||
4,1674,268 | ||||
3,793 | 3,770 | |||
3,506 | ||||
Jan | Feb Mar Apr May Jun | Jul | Aug Sep Oct Nov Dec |
MAYNILAD BILLED VOLUMES | |||
In MCM | |||
48 | |||
45 | |||
44 | |||
42 | 42 | ||
40 | |||
Jan Feb Mar Apr May Jun | Jul | Aug Sep Oct Nov Dec |
2020 | 2021 | 2022 | |||
LIGHT RAIL MANILA | |||||
AVERAGE DAILY RIDERSHIP | |||||
In Thousands | |||||
126 | 162 | 192 204 202 | 223 | ||
Jan Feb Mar Apr May Jun Jul | Aug Sep Oct Nov Dec |
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Metro Pacific Investments Corp. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 04:41:04 UTC.