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Meralco Bags ECOP's Grand Kapatid Award by Maite Bueno

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Meralco Bags ECOP's Grand Kapatid Award by Maite Bueno June 2005 Meralco bags ECOP's Grand Kapatid Award By Maite Bueno MERALCO was con- ferred the Grand Kap- atiran sa Industriya (Kapatid) Award by the Employers Confedera- tion of the Philippines We’ve had a rude (ECOP) during the awakening...p3 26th NationalConfer- ence of Employers held at the Manila Ho- telrecently. Meralco chairman and CEO ManuelM. Lopez received the award from President Gloria Macapagal-Ar- royo and Vice-Presi- dent Noli de Castro. "Meralco has al- ways been proud of its many achievements which our employees have made possible through their dedi- cation and commit- ment to their duties President Gloria Macapagal-Arroyo congratulates Meralco chair and CEO Manuel M. Lopez during the and responsibilities. presentation of the 2005 Kapatiran sa Industriya (Kapatid) Awards at the Manila Hotel Turn to page 3 The Lopez Group's 'Palaro' A smashing success! By Lianne Padilla EMPLOYEES of the different Lopez Group companies recently got together with their kapamilya for "Palaro 2005," the second Lopez-wide sports fest held at the Philsports Arena (formerly Ul- tra) on May 14, 2005. Each team was assigned a certain color after the team captains had drawn lots. The teams and their colors are as follows: First Philip- pine Holdings Corporation (FPHC)-Powder Blue; Maynilad Water Lilac Team representative Mabel Ramos of Lopez Inc. receives P20,000 cash prize from Palaro 2005 co-chairmen Turn to page 6 Caloy Salonga and Rey Sarmenta 2 LOPEZLINK June 2005 Lopez Group companies' financial performance Benpres bahagyang nakabawi By Carla Paras-Sison halos hindi nagbago sa P3.014 bi- lyon (mula P3.001 bilyon) at First Quarter 2005 Financial Results NAGTALA ng unaudited histori- January-March (in pesos) nagkaroon naman ito ng net loss cal revenues na P2.555 billion sa na P114 milyon (mula net income unang tatlong buwan ng 2005 ang na P124 milyon year-on-year). Total Revenues Net income/loss Benpres Holdings Corporation, Patuloy na imo-monitor ng mas mataas ng 37% kaysa P1.865 2004 2005 % change 2004 2005 % change Benpres ang ABS-CBN dahil sa bilyon noong unang quarter ng ABS-CBN 3.00 B 3.01 B + 0.4 124.09 M (114.28 M) - 192 maigting na kumpetisyon sa in- 2004. Nagkaroon din ng net in- Benpres 1.86 B 2.56 B + 37 (144 M) 281 M + 295 dustriya nito. come na P281 milyon ang Ang First Holdings naman ay kumpanya kumpara sa net loss na FPHC 9.4 B 11 B + 16 874 M 458 M - 48 mayroong net income na P458 mi- P144 million noong nakaraang lyon, mas mababa ng 48% sa 2004 M e ra l c o 32.47 B 36.45 B + 12 344.39 M (1.71 B)* - 596 taon. figures. Ito ay dahil sa bahagi nito Ayon kay Benpres president *After providing for probable losses in the amount of P1.41 B sa provisioning for possible losses Angel S. Ong, ang first quarter na ginawa ng Meralco para ma- net income ng Benpres ay dahil sa Ang paglakas ng piso ay US $46 milyong guarantees from pagkalugi ng investments at ad- punan ang anumang pagkalugi "unrealized foreign exchange nagdagdag ng P264 milyon sa ki- period to period. vances nito sa anumang sub- sakaling matalo ito sa kaso ng rate gains" dala ng paglakas ng piso ta ng Benpres dahil sa restate- Gayundin, hindi gumawa ng sidiary o affiliate. unbundling sa Supreme Court. laban sa dolyar sa halagang ment ng pagkakautang na anumang provision ang Benpres Samantala, ang consolidated Ang Meralco ay nagtabi ng P1.41 P54.94 mula P56.28. US$150 milyong Eurobonds at para sa first quarter para sa mga gross revenues ng ABS-CBN ay bilyon para sa provisioning na ito. Maynilad posts net profit of P187 million Maynilad By Jess Matubis port of our publics, and made the turnaround due to the improved peso value resulting in our net income possible," he said. from a more stable foreign exchange rate. FOR the first time in seven years, Mayni- Some of the notable projects that Maynilad "We're hoping that this trend will contin- submits 2005 lad Water Services Inc. (MWSI) posted a launched last year include the North A pump- ue," he said. net profit of P187 million as of the end of ing station experiment, the Tondo Foreshore Fiscal restraint has also helped Maynilad February 2005. F-1 Zone pilot project and the Bayanihan to attain profit. Most of the company's ex- rehab plan This was revealed by Maynilad presi- Bayan Tubig project. These accomplishments penses are now focused on construction dent Fiorello Estuar in a memo dated May were all recognized during the 2004 Lopez work that will improve pipelines and water NOONG April 29, isinumite ng Maynilad Wa- 6, 2005, even as he reported that all cred- Achievement Award. service to customers. Thus, existing water ter Services Inc. (MWSI) ang modified reha- itor banks have accepted the Debt and Cap- According to Oscar Sevilla Jr., corporate fi- supply is maximized, and non-revenue water bilitation plan nito sa Quezon City Regional ital Restructuring Plan of Maynilad sub- nancial services vice president, the implementa- has been reduced in the past few months. Trial Court matapos pirmahan ng Metropolitan mitted to the Rehabilitation Court on April tion of the new tariff in January allowed Mayni- "Let us pray that our rehabilitation plan 29. lad to post its first profit since privatization. "In will be approved and that our company will Waterworks and Sewerage System (MWSS), Estuar thanked everyone who contribut- fact, we are quite confident that we will end 2005 continue to serve the needs of more than ng Maynilad at ng shareholders at bank cred- ed to the successes that the company accom- with a positive bottom line," Sevilla noted. seven million customers and at the same itors nito ang isang Debt and Capital Restruc- plished in the past year. "These small suc- Accounting SAVP Rodolfo Reyno time preserve the jobs of over 2,500 em- turing Agreement (DCRA). cesses have given us credibility and the sup- added that the company's net profit is also ployees," Estuar said. Napapaloob sa DCRA ang mga solusyong pinansiyal na magpapaganda sa hinaharap ng Maynilad, upang maging viable ito at masig- uro ang patuloy na pagseserbisyo sa mahigit BayanTel posts 15% EBITDA growth in first quarter pitong milyong customers sa West Zone. By John Rojo tant Tunde Fafunwa. "In 2005, we are ready der the Sky DSL brand and for the SMB and Nakasaad din ang pagkuha ng MWSS ng to bring our business to the next level of corporate markets, grew 133% to almost buong US$120 milyong performance bond ng BAYANTEL reported continued growth in growth and profitability by taking advantage 7,000 lines in March compared to the same Maynilad noong Enero 2005. Magsisimulang the first quarter of 2005 after posting a sig- of opportunities in the business landscape." period in 2004. BayanTel installed more of magbayad muli ng concession fees ang Maynilad nificant growth in overall performance in The company's early success in 2005 is the higher bandwidth variant for Sky DSL kung maaprubahan ng korte ang DCRA nito. 2004. Net revenues were 7% higher at P1.4 driven by the increase in local exchange at 640 kpbs that boosted its positioning as a Magbabayad ng interes sa mga pagkakau- B compared to P1.3 B last year. Earnings carrier (LEC) subscribers and the continued reliable provider. tang ang Maynilad umpisa ngayong taon, ha- before interest, taxes, depreciation and ramp up of its DSL and Internet business. The provincial markets also showed bang ang principal ay babayaran nito hang- amortization (EBITDA) rose to P592 M, In addition, first quarter installations re- stronger performance in DSL installations as gang 2013. Pumayag ang Benpres Holdings, representing a 15% growth from the P514 mained within target, with more of the higher BayanTel continued to expand coverage in M posted during the same period in 2004. monthly rate product, Phone Plus, being in- the Visayas and Mindanao. As a result, DSL shareholder ng Maynilad, na i-write off ang "BayanTel's positive results in 2004 indi- stalled. At the same time, BayanTel will soon revenues grew 100% (P62 M in the first quar- equity nito na nagkakahalaga ng P3.06 bilyon cate that we are sustaining a turnaround in our launch its own product and service enhance- ter of 2005 compared to P31 M in the same at advances na P621 milyon, at isusuko nito business after implementing a customer-fo- ments to offset the challenges of competition. period last year) on a year on year basis. ang pamamahala sa Maynilad. cused strategy," said BayanTel chief consul- DSL lines in service, both residential un- Fafunwa said that BayanTel's main goal Samantala, pumayag din ang Maynilad this year is to sustain the EBITDA and rev- shareholder na Suez Group na i-write off ang enue growth experienced in 2004. equity nito na P2.0 bilyon at loans and ad- Sky Internet 499: Unlimited surfing for only P499 "We want to sustain our service excel- vances na US$33 milyon. Ang US$5 milyon IN the May issue of Lopez Link, it was inad- able Internet connection, will set Internet ad- lence and customer focus efforts. Research na pautang ng Suez Group ay iko-convert na vertently reported that BayanTel's Sky Internet dicts back by only P499. studies conducted among residential and lamang para maging 16% equity stake sa 499 will cost subscribers P4,999 a month. Sky Internet 499 is initially available to corporate customers confirmed our compet- itive strengths: service excellence and cus- Maynilad.
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