December 26, 2014 2:06 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 operates North Luzon Expressway and Subic-Clark-Tarlac 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
Age: 58
Chief Finance officer
Age: 40
Corporate Information Officer
Age: 50
Corporate Secretary and Director
Age: 61
Assistant Corporate Secretary
Age: 45
Compensation as of Fiscal Year 2014.

Metro Pacific Tollways Corp. Key Developments

FPM Infrastructure To Up Stake In Don Muang Tollway

Ramoncito Fernandez, President and Chief Executive Officer of Metro Pacific Tollways Corp. said that FPM Infrastructure Holdings Limited owned by Metro Pacific Investments Corp (PSE:MPI) and First Pacific Company Ltd. (SEHK:142) is set to start negotiations to increase its 29.45% interest in Don Muang Tollway Public Company Limited to about 50%. “Hopefully (we can start negotiations) by the first half of next year,” Ramoncito Fernandez said. The vendor of Don Muang Tollway Public Company Limited's stake is a 50-50 joint venture between The Bank of Tokyo-Mitsubishi UFJ, Ltd. and South East Asian Strategic Assets Fund, L.P. managed by Capital Advisors Partners Asia Pte Ltd.

Metro Pacific Tollways Corp. Announces Unaudited Earnings Results for Nine Months Ended September 30, 2014

Metro Pacific Tollways Corp. announced unaudited earnings results for nine months ended September 30, 2014. For the period, the company reported net toll revenues of PHP 6,298 million compared to PHP 6,038 million a year ago. Reported net income was PHP 2,006 million against PHP 1,947 million a year ago. Core EBITDA was PHP 4,183 million against PHP 4,099 million a year ago. Capital Expenditures were PHP 1,951 million against PHP 367 million a year ago. Reported net income attributable to equity holders of MPTC were PHP 1,472 million against PHP 1,383 million a year ago.

Metro Pacific Investments To Sell Stake In Metro Pacific Tollways

President of Metro Pacific Investments Corp (PSE:MPI), Ramoncito Fernandez said that the company plan to sell at least 20% stake in Metro Pacific Tollways Corp. in 2015, amid the plan of MPI to join the bidding for Public Private Partnership projects. MPI announced in May 2014, that at least two foreign investors have expressed interest in taking a 20-30% stake in Metro Pacific Tollways Corp.

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