July 23, 2017 4:05 AM ET

Transportation Infrastructure

Company Overview of Metro Pacific Tollways Corp.

Company Overview

Metro Pacific Tollways Corporation, an investment holding company, engages in the tollways business activities in the Philippines. It primarily operates North Luzon Expressway, Subic-Clark-Tarlac Expressway, and Manila Cavite Toll Expressway toll road facilities. The company was formerly known as First Philippine Infrastructure, Inc. and changed its name to Metro Pacific Tollways Corporation in February 2009. Metro Pacific Tollways Corporation was incorporated in 1970 and is based in Makati City, the Philippines. Metro Pacific Tollways Corporation is a subsidiary of Metro Pacific Investments Corporation.

MGO Building

10th Floor

Legaspi Corner Dela Rosa Streets

Legaspi Village

Makati City,  0721

Philippines

Founded in 1970

Phone:

63 2 888 0888

Fax:

63 2 888 0813

Key Executives for Metro Pacific Tollways Corp.

Chief Executive Officer, President and Director
Age: 58
Chief Finance officer, Chief Risk officer, Treasurer, Compliance officer and Director
Age: 43
Vice President and Corporate Information Officer
Age: 53
Corporate Secretary and Director
Age: 64
Assistant Corporate Secretary
Age: 49
Compensation as of Fiscal Year 2017.

Metro Pacific Tollways Corp. Key Developments

Metro Pacific Tollways Corporation Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016

Metro Pacific Tollways Corporation announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported net toll revenues of PHP 11,902 million against PHP 9,691 million a year ago. Core income was PHP 3,276 million against PHP 2,571 million a year ago. Net income attributable to equity holders of company was PHP 3,103 million against PHP 2,280 million a year ago. Core EBITDA was PHP 7,625 million against PHP 6,582 million a year ago. Capital Expenditure was PHP 8,856 million against PHP 6,588 million a year ago. The growth in core income was a function of surging traffic growth, cost controls, and first full-year contributions from SCTEX. Net toll revenues were 23% higher year-on-year, mainly due to the full year contribution from SCTEX and traffic volume growth in 2016. Core income was increased by 27% mainly due to the strong traffic growth and new contributions from SCTEX and CII B&R.

Metro Pacific Tollways Corp. Announces Audited Earnings Results for the Year Ended December 31, 2016

Metro Pacific Tollways Corp. announced audited earnings results for the year ended December 31, 2016. For the period, the company recorded core net income of PHP 3.3 billion in 2016, 27% higher than the PHP 2.6 billion recorded a year earlier. Core EBITDA of PHP 7.7 billion. Net operating income accounted for PHP 3.5 billion or 23% of the aggregate contribution to the group company.

Metro Pacific Tollways Corp. Seeks to Borrow as Much as PHP 30 Billion from Banks to Fund the Construction of its Two Projects

METRO PACIFIC Tollways Corp. (MPTC) is seeking to borrow as much as PHP 30 billion from banks to fund the construction of its two projects - the Cavite-Laguna Expressway (CALAx) and Cebu-Cordova toll bridge. The company expects to close the loan deals by the first quarter of 2017. The company decided to fund the two projects through bank loans due to construction risks. The company secured local government approval for the PHP 27.9 billion Cebu-Cordova project, which will link Cebu South Coastal Road and Mactan Island, earlier this year 2016. Construction on the Cebu project is expected to start by the second half of 2017.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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