Our portfolio consists of diversified businesses across three pillars—core value drivers, emerging businesses, and portfolio investments. Our core value drivers are established franchises that have captured a strong momentum in the Philippine economy over the past decade.
We have emerging businesses in healthcare and logistics where we intend to create a more meaningful presence to take advantage of the promising potential in these spaces. Finally, our portfolio investments enable us to participate in a variety of growing industries.
The diversified nature of our portfolio has positioned us fairly well to withstand the effects of the pandemic.
Who We are
Founded in 1834, Ayala Corporation is one of the largest conglomerates in the Philippines with interest in real estate, banking, digital solutions and telecommunications, power, healthcare, logistics, water, industrial technologies, education, infrastructure, and technology ventures.
Its unique portfolio of businesses provides various engines for growth and value creation. The positive domestic environment experienced over the past decade has served as a catalyst for the group to unlock opportunities and incubate new businesses. This enabled Ayala to create a diversified portfolio over time, inclusive of cyclical and defensive businesses, which allow the company to operate through constantly changing macroeconomic and socio-political environments.
Market cap ~US$10 billion 2
Ayala Land Inc. is the largest property developer in the Philippines with more than 12 thousand hectares of land bank and a solid track record in developing large-scale, integrated, mixed-use, and sustainable estates.
With 47 estates across the country, Ayala Land hosts its diversified portfolio of complementary businesses: development of residential, office, commercial, and industrial properties for sale, commercial leasing through shopping centers, offices, hotels, resorts, factory buildings, warehouses, co-living, and co-working spaces, and services such as construction, property management, retail energy supply, airlines, and strategic investments.
Following the success of the Makati Central Business District, Ayala Alabang, Cebu Park District, Bonifacio Global City, and NUVALI, Ayala Land pioneers sustainability standards and practices in all of its developments and acts with integrity, foresight, and prudence as a responsible corporate citizen.
Focused on the vision of “enhancing land and enriching lives for more people,” Ayala Land continuously strives to deliver quality products and services that result in long-term value for our stakeholders.
Market cap ~US$8.7 billion 2
As the first bank in the Philippines and in Southeast Asia, Bank of the Philippine Islands has established a history of client trust, financial strength, and innovation. For over 170 years, our business, products, and services have created sustainable value and played a significant role in every Filipino’s daily life, as well as in the country’s growing economy.
A fully diversified universal bank and a recognized leader in the banking industry, BPI offers a diverse range of products and services in consumer and corporate banking as well as in asset management, payments, insurance, investment banking, foreign exchange, leasing, and securities distribution. BPI is focused on leveraging digital technology to provide clients outstanding customer journeys anchored on trust and best digital offerings. We are united in our commitment to support our customers, employees and communities towards a sustainable future.
Our 19,181 employees serve over 8.6 million customers through our digital platforms and the 1,176 branches of BPI, BPI Family Savings Bank, and BPI Direct BanKo.
Market cap ~US$6.6 billion 2
Globe Telecom, Inc. is a leading digital platform in the Philippines, with major interests in telecommunications, financial technology, digital marketing solutions, venture capital funding for startups, entertainment, and virtual healthcare. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet, and managed services. The company is listed in the Philippine Stock Exchange under ticker symbol GLO.
Globe is supported by over 8,200 employees and nearly 1.0 million AutoloadMax (AMAX) retailers, distributors, and business partners nationwide. The company currently has 86.8 million mobile subscribers (including fully mobile broadband), and 3.7 million Home Broadband customers. Globe keeps Filipinos connected through its tie-up with 781 roaming partners in 237 calling destinations worldwide.
Its principals are Ayala Corporation and Singapore Telecom, both acknowledged industry leaders in the country and in the region.
Market cap ~US$6.6 billion 2
ACEN is the energy platform of the Ayala group. Following the completion of the asset infusions from parent AC Energy and Infrastructure Corporation (AC Energy), the company has 3,751 MW in total pro forma attributable capacity as of end-March 2022. Close to 3,300 MW or 87 percent, is from renewable energy sources, mostly in solar and wind technologies, with some geothermal and battery storage assets. As of the first quarter of 2022, 63 percent of ACEN’s assets are already operating, while 37 percent are under construction.
In the Philippines, ACEN currently has ~1,500 MW of pro forma attributable capacity as of March 2022*. Over two-thirds of this, or ~1,000 MW is in RE. Outside its home country, ACEN has one of the largest international portfolios of any major listed Filipino power platform with ~2,300 MW in pro forma total attributable capacity, 100 percent from renewable sources.
ACEN’s robust capacity platform puts it in a strong position to reach its 5,000 MW renewable energy target by 2025 even earlier, towards its vision of becoming the largest listed renewables platform in Southeast Asia.
*Includes 137 MW in recently announced acquisitions of UPC Renewables Philippines and UPC-AC Renewables Australia approved by the Board on 18 Oct 2021, subject to regulatory approvals and 410MW from the recently announced transaction with Super Energy, subject to conditions precedent.
1 Ownership as of February 2022
2 Market cap as of March 2022
3 AC’s effective ownership of ACEN post restructuring (post follow-on offering and post international asset infusion)
AC Health is the portfolio company of the Ayala group for its healthcare investments. It aims to address the unmet need for accessible and quality healthcare for all Filipinos through an integrated and seamless ecosystem of services across the continuum of care.
AC Health has a portfolio of assets in hospitals and clinics, retail pharma and pharma distribution, and digital health. It has four general hospitals and one ambulatory surgical center under the QualiMed brand, over 60 multispecialty clinics under the Healthway brand, and over 700 Generika drugstores nationwide. It also has a digital platform, HealthNow, in partnership with Globe’s 917 Ventures. In 2023, AC Health will open the Healthway Cancer Care Center, the first standalone cancer hospital in the Philippines.
AC Logistics aims to provide end-to-end logistics services to cater to all customers across the value chain. The company’s foray into the space began in 2017 with Entrego, our last mile delivery arm.
During the pandemic, we saw an increased adaption to the online lifestyle, which underscored the importance of expanding our capabilities in the industry.
In November 2021, the company signed an Investment Agreement to acquire 60 percent of the AIR21 group, giving AC Logistics immediate presence across the supply chain. In addition, we entered cold chain logistics through a joint venture with Glacier Megafridge.
AC Industrial Technology Holdings Inc. is Ayala’s industrial technologies arm, managing a primarily mobility-oriented portfolio composed of both operating units and investments in emerging high potential technologies. The company is founded on its dual core of Integrated Micro-Electronics, Inc., a Philippine electronics manufacturing services pioneer and now a globally leading manufacturing and technology solutions partner, and AC Motors, one of the country’s largest multi-brand vehicle distribution and dealership groups. AC Industrials also maintains linkages to major automotive manufacturers through its German engineering and design firm MT-C-CON, while Merlin Solar’s flexible solar panels represent a unique proposition in the renewable energy field.
Manila Water is an operator and business builder of water, wastewater, and related assets across the Philippines and in Southeast Asia with over two decades of operational experience. This expertise is leveraged to provide access to water and sanitation services in a way that considers key impacts on the environment and advocates responsible practices at every stage of its operations.
Manila Water’s portfolio includes the East Zone Concession that services to over seven million people in the eastern Metro Manila. Manila Water Philippine Ventures, which has operations in key cities outside the East Zone. Internationally, Manila Water Asia Pacific was established to take advantage of new opportunities and partnerships in the ASEAN region.
AC Infra improves the movement of people, goods, and services in an efficient, safe, innovative, and sustainable manner. We develop and invest in businesses to address urgent infrastructure needs in the mass transportation and mobility, financial services, and micropayments sectors.
Our portfolio mostly consists of projects operating under a government concession. These are in the toll road, rail, and payments spaces. We continue to improve on efficiencies while providing reliable service for hundreds of thousands of commuters and motorists every day.
AC Ventures is Ayala’s platform for peeking into new technologies and business models that are relevant to the group. It aims to be an enabler by investing in adjacent businesses that are complementary to Ayala’s existing business units and a pathfinder by investing in new sectors, emerging trends, and innovative businesses. Through AC Ventures, Ayala intends to embrace disruptive technologies and business models as it endeavors to grow its existing businesses and explore new verticals. Besides overseeing AG Holdings, AC Ventures holds various investments including stakes in Zalora Philippines, Mynt, Cartera, and the Yoma Group.
Following the merger between AC Education and iPeople in May 2019, iPeople became the listed holding company for Ayala’s investments in education. The merger, in partnership with the Yuchengco Group of Companies, brought together 7 schools with 54,000 students in diverse socioeconomic and geographic market segments across the nation, including the National Capital Region, the CALABARZON region, the Bicol region, and Mindanao.
iPeople aims to empower Filipino families by delivering accessible, quality education that enables significantly improved employability for our high school and college graduates. iPeople’s mission is to transform lives and society by innovating Philippine education and research. We seek to achieve this through proprietary student value-add programs, continuous upskilling of our teachers, strong industry partnerships, and new technology-enabled delivery methods.