May 20, 2018 8:56 AM ET

Transportation Infrastructure

Company Overview of Metro Pacific Tollways Corporation

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 Corporation

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 Corporation Key Developments

Metro Pacific Tollways Corporation Announces Earnings Results for the Nine Months of 2017

Metro Pacific Tollways Corporation announced earnings results for the nine months of 2017. The company recorded core net income of PHP 3.0 billion, up 28% from the PHP 2.4 billion recorded a year earlier on the strength of an 8% increase in system- wide vehicle entries to an average of 589,307 a day and tight cost controls. Core EBITDA of PHP 6.3 billion.

Metro Pacific Tollways Corporation Announces Earnings Results for the Six Months of 2017

Metro Pacific Tollways Corporation announced earnings results for the six months of 2017. The company recorded core net income of PHP 2.1 billion in the first six months of 2017, 27% higher than the PHP 1.6 billion recorded a year earlier on the strength of a 8% increase in system-wide average daily vehicle entries to 590,432 and tight cost control. Core EBITDA was PHP 4.2 billion.

Metro Pacific Tollways Corporation to Raise PHP 47 Billion in the Second Half to Finance Toll Road Projects in Cebu and South of Manila

Metro Pacific Tollways Corporation announced that it is raising PHP 47 billion in the second half to finance toll road projects in Cebu and south of Manila. The company said that it was in talks with local banks to partially finance the Cavite Laguna Expressway, Cebu Cordova Bridge project and C5 Link Expressway. The company planned to borrow PHP 20 billion for Calax, PHP 20 billion for Cebu Cordova Bridge and PHP 7 billion for C5 Link. The company tapped Hong Kong and Shanghai Banking Corp. as adviser and arranger for Calax, and Maybank as arranger for Cebu Cordova Bridge.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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