Republic of the Philippines

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

COLLEGE OF ACCOUNTANCY AND FINANCE

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 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE

EXECUTIVE SUMMARY

 BACKGROUND
MANILA ELECTRIC COMPANY
Manila Electric Company (MER) is a private distribution utility organized on May 7,
1919 which holds a congressional franchise under Republic Act (RA) No. 9209
effective June 28, 2003. RA 9209 granted MER a 25-year franchise valid through
June 28, 2028 to construct, operate, and maintain the electric distribution system in
the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal and certain
cities, municipalities, and barangays in the provinces of Batangas, Laguna,
Pampanga, and Quezon.

The principal business of MER is the distribution and sale of electric energy through
its distribution network facilities in its franchise area. The Company's market is
categorized into four classes namely, residential, commercial, industrial, and
streetlights. MER sources the electricity it distributes from eight power suppliers
including the Philippine Electricity Market Corporation.

MER has a unit for its participation in retail electricity supply (RES) with a trade
name, "MPower". The Energy Regulatory Commission granted the following
companies distinct RES licenses to operate as affiliate retail electricity suppliers in
Luzon and Visayas, namely, Vantage Energy Solutions and Management, Inc., a
wholly-owned subsidiary of MER; Solvre, Inc., a wholly-owned subsidiary of
MERALCO PowerGen Corporation; and MeridianX Inc., a wholly-owned subsidiary
of Comstech Integration Alliance, Inc.

Source: SEC Form 17-A (2018)

Sector
Industrial
Subsector
Electricity, Energy, Power & Water
Incorporation Date
1919-05-07
Corporate Life
50
Extension

No. of Directors
11

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 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE

Stockholders Meeting as per by laws

May - last Tuesday
Fiscal Year
01 January to 31 December
External Auditor
SyCip, Gorres, Velayo & Company
Stock Transfer Agent
RCBC - Stock Transfer Department
Contact Information
Business Address
Lopez Building, Ortigas Avenue, Pasig City 0300
Telephone No/s.
631-5567
Fax No.
632-8126
Email Address
corcom@meralco.com.ph
Company Website
http://www.meralco.com.ph

kongwei, Jr.
Lance Y. Gokongwei
Elpidio L. Ibañez
Jose Ma. K. Lim
Victorico P. Vargas
Artemio V. Panganiban - Independent Director
Pedro E. Roxas - Independent Director
Officers
President and Chief Executive Officer

Ray C. Espinosa
Corporate Secretary

Simeon Ken R. Ferrer

SVP and Chief Finance Officer

Betty C. Siy-Yap
SVP and Head - Mpower

Roberto R. Almazora
SVP and Head - Networks

Ronnie L. Aperocho
SVP and President and Chief Executive Officer, Meralco Power Generation Corp.

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 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE

Rogelio L. Singson
SVP, Chief Legal Counsel, Asst. Corp. Sec., Compliance Ofcr. & Head, Legal and Corp.
Gov. Ofc. & DPO

William S. Pamintuan
VP, Head - Organizational Safety & Resiliency and Bus. Continuity Management

Antonio M. Abuel, Jr.

VP, Head - Electric Distribution Development Group

Ireneo B. Acuña
VP and Head - Customer Process

Ferdinand C. Alejandro
VP and Human Resources Business Partner for Networks

Patrick Dave B. Bacani

VP and Head, IT Systems and Data Management

Roque D. Bacani
VP, Head - Financial Planning and Reporting

Bennette D. Bachoco
VP, Head - South Distribution Services

Joseph Allan C. Baltazar

VP, Head - Human Resources and Corporate Services

Edgardo V. Carasig
VP and Head, Network Technology and Asset Management

Benjamin U. Cusi
VP and and Chief Operating Officer, Radius

Jenevi L. Dela Paz

VP and Head, Corporate Business Group

Ma. Cecilia M. Domingo

VP and Head, Utility Economics

Lawrence S. Fernandez
VP, Head - Supply Chain & Logistics Management

Ferdinand O. Geluz
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 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE

VP and Head, Customer Retail Services Group

Victor Emmanuel S. Genuino

VP and Head - Sub-Transmission Services

Jose Mari P. Melendres

VP and Head, Home and Micro Businesses - North Business Area

Charina P. Padua
VP and President, Esakay

Raymond B. Ravelo
VP and Head, North Distribution Services

Jose S. Reyes Jr.

VP and Head, Network Planning & Design

Froilan J. Savet
VP, President & CEO - CIS Bayad Center

Manuel Lorenzo L. Tuason

VP, Head - Marketing, Customer Solutions and Product Development

Jose Antonio T. Valdez

VP and Head - Regulatory Management Office

Jose Ronald V. Valles

VP and Head, Corporate Legal Services

Ma. Zarah R. Villanueva-Castro

FVP, Chief Audit Executive

Melanie T. Oteyza
FVP, Chief of Staff of the President and CEO and Supply Chain Advisor

Maria Luisa V. Alvendia

Issued Shares
1,127,271,117
Listed Shares
1,127,092,509
Outstanding Shares
1,127,098,705

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 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE

Free Float Level

20.98%
Market Capitalization
405,755,533,800.00

ISIN
PHY5764J1483
Issue Type
Common
Listing Date
Jan 8, 1992
Status
Open
Board Lot
10
Par Value
10
Foreign Ownership Limit
40%
Year End EPS
20.42
Year End EPS Period
Dec 31, 2018
Interim EPS
10.65
Interim Period
6 months Jun-19

 GRAPH OF STOCKS

 DESCRIPTION OF MOVEMENT (NEWS) AND REASON

FINANCIAL STATEMENT

ASSET

CASH

INVESTMENT

EQUITY

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 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE

APPENDICES

Journal Entries

Value as of purchase

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