ANSWERING THE
NATION’S CALL
FOR HUMANITY In a time of great need, the Filipino's
instinct for compassion shines through. About the Cover About this Integrated Report

AYALA GROUP'S RESPONSE TO COVID-19

PROTECT SERVE PIVOT

The Ayala Group’s commitment to nation-building
became the focus, as COVID-19 brought the company’s years of
history, diversity, and experience to the fore.

The initiatives we led as a group were guided by our drive to
protect our employees, serve the larger community, and
pivot our businesses toward a new normal resilient to the
impact of the pandemic.

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Ayala at a Glance

We strongly believe that in order to build a legacy of long-term value creation, we must also remain relevant to the changing needs of our customers, our investors, and the communities we interact with. We are part of the fabric of a broader community of stakeholders and increasingly participate in a society that seeks progress in a way that sustains its well-being well into the future.”

Jaime Augusto Zobel De Ayala
Chairman and CEO

₱17.1 B

E2020 NET INCOME

₱1.4 T

E2020 TOTAL ASSETS

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2020 Milestones

January February March April May June July August September October November December

  • BPI lists its ₱15.3 billion fixed rate bonds with a 2-year tenor and interest rate of 4.2423%.

  • Ayala approves the grant of proxy rights over Manila Water to the Razon Group's Trident Water to enable the latter to achieve 51% voting interest in Manila Water.
  • AC Energy completes its acquisition of the Philippine Investment Alliance's stake in the 81 MW North Luzon Renewables wind farm in Ilocos Norte.

  • Ayala, in coordination with the Philippines' top business groups, launches Project Ugnayan to aid the poorest households of Metro Manila by putting food on the table, raising ₱2 billion by the end of the year.
  • Ayala allocated ₱2.4 billion as a COVID-19 emergency response package for wages, bonuses, leave conversions, and loan deferments for employees and those who provide contractual services to the group.
  • AC Energy acquires PINAI's stakes in the 45 MW Sacasol and 80 MW Islasol solar farms in Negros Occidental.

  • The Ayala group completes the conversion of portions of the World Trade Center into a temporary healthcare facility for COVID-19 patients.
  • AC Energy announces its plans to fully divest from coal by 2030.

  • Ayala donates all the testing booths for the four Mega Swabbing Centers at the Palacio de Maynila Tent along Roxas Boulevard, the Mall of Asia Arena in Pasay City, Enderun Colleges in Taguig City, and the Philippine Arena in Bulacan.
  • IMI introduces the UK-developed UCL Ventura Flow Generator, a non-invasive ventilation system developed to aid COVID-19 patients with breathing difficulties. AC Health, in partnership with the QualiMed Health Network, converts QualiMed Sta. Rosa into a COVID-19 referral hospital, with a designated Triage Holding Area, to accommodate potential cases.

  • The Ayala group commits to increase the Philippines' COVID-19 testing capacity by 5,550 tests per day as a part of its contribution to the DOH and the IATF's Project T3.
  • Ayala Land lists its ₱10 billion, 2-year fixed- rate bonds due 2020 with a coupon rate of 3.0% in the PDeX.
  • BPI issues the country's first COVID Action Response Bonds, raising ₱21.5 billion. The CARE Bonds were awarded Best Social Bond by The Asset Triple A Country Awards.

  • Globe successfully raises US$600 million through the issuance of dual tranche notes representing the first time Globe is tapping the international debt capital markets since 2004.
  • AC Energy launches its first project in India, the 140 MW Sitara solar project in Rajasthan, and expands in Vietnam with the start of construction of the 210 MW Quang Binh wind farm, one of the largest in the country.
  • AC Energy upsizes its Senior Green bonds by US$60 million to US$470 million.
  • Manila Water issues US$500 million in sustainability bonds, the single largest green bond issue by a listed private water utility in Asia.

  • AREIT, the country's first REIT, makes its successful IPO in the Philippine Stock Exchange.
  • GCash Send Money transactions grows by 1,000% in volume.
  • IMI receives Philippine FDA approval for the UCL Ventura Flow Generator.

  • IMI's subsidiary, VIA Optronics, makes its debut in the New York Stock Exchange under the ticker symbol VIAO at US$15/ADS.
  • AC Health converts its FamilyDOC clinics to carry the Healthway brand (now called Healthway Family Clinics), becoming the country's largest clinic network.
  • GCash, in partnership with Singlife, launches its first insurance product, Cash for Dengue Costs covering mild to severe dengue cases.

  • Mynt raises over US$175 million from Bow Wave and its existing shareholders, bringing Mynt's post-money valuation to almost US$1 billion.

  • Ayala, along with more than 30 private companies, signed a tripartite agreement with AstraZeneca and the Philippine government for 2.6 million doses of COVID-19 vaccines.
  • AC Energy Philippines' board approves GIC's acquisition of a 17.5% stake for ₱20 billion.
  • AC Energy issues US$300 million of perpetual green bonds.
  • AC Health announces partnership with Cancer Treatment Services International to develop and operate the Philippines' first specialty cancer hospital.
  • Entrego's volume doubles against pre-COVID-19 levels.

  • Globe rolls out 1,300 cell towers in 2020, 18% higher YoY.
  • GCash records over ₱1 trillion in transactions that have passed through the app in 2020.
  • Manila Water signs a management, operations, and maintenance contract with Saudi Arabia's state-run water agency, National Water Co.
  • AC Health inks agreements to acquire controlling stake of QualiMed, bringing the latter's network of four general hospitals, clinics and ambulatory surgical center, into its portfolio.

Geographic Presence

Hong K ong V ietnam T hailand Singapore Indonesia Mal ay sia M y anmar Taiwan China Japan Australia Philippines Germa n y C z ech R epublic Bulgaria Serbia Uni t ed Kingdom F r an c e Is r ael India Saudi Arabia U S A M e xi c o British V i r gin Islands C a yman Islands
Germany n C z ech R epublic Bulgaria Serbia Uni t ed Kingdom F r an c e
Cag a y an Ilo c os Nor t e Ap a y ao B a tanes Ab r a K alinga Mt. P r o vin c e Ilocos Sur A u r o r a B a taan Marinduque Bulacan Nu ev a E cija P ampanga T arlac Zambales B a tangas C a vi t e Laguna Qu ez on Rizal Camarines Nor t e Camarines Sur C a tanduanes Benguet Ifugao La Union P angasinan Isabela Quirino Nu ev a V i z c a y a P al aw an Alb a y Aklan Antique Bohol C ebu Neg r os Oriental Capiz Iloilo Guima r as Neg r os O c cidental Bili r an Ea s t ern Samar Northern Samar Samar L e y t e Surigao del Nor t e Dinag a t Islands Masb a t e Sorsogon Oriental Mindo r o Siquijor Zamboanga del Nor t e Zamboanga del Sur Basilan Lanao del Sur Maguindanao Bukidnon Camiguin A gusan del Nor t e A gusan Del Sur Sultan K uda r a t C otab a t o South C otab a t o Misamis O c cidental Misamis Oriental Lanao del Nor t e Compostela Valley Davao del Norte Davao del Sur Davao Davao Occidental Davao Oriental Las Piñas N a v otas Makati Malabon Mandaluyong Manila Marikina Muntinlupa P asig P a r añaque P as a y Pateros Quezon City San Juan T aguig V alenzuela Caloocan
Hong Kong Vietnam Thailand Indonesia Malaysia Myanmar Philippines Taiwan Singapore

Portfolio

CORE VALUE DRIVERS

EMERGING BUSINESSES

PORTFOLIO INVESTMENTS

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Awards & Recognitions

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Statement
from the Board

The Board ensures that this report maintains integrity and confirms that all performance and impact disclosures made are presented fairly. Together with the Ayala management, the Board gave high-level supervision to the internal teams responsible for the reporting process and production. The internal parties with relevant skills and experience devoted significant efforts in the reporting process to guarantee that it duly follows particular standards and that the Ayala story is presented in a fair manner…

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Independent
Assurance Statement

DNV GL AS Philippines Branch (“DNV”) has been commissioned by the management of Ayala Corporation (“Ayala Corp.” or the “Company”, SEC Identification Number: 34218) to undertake an independent assurance of the sustainability /non-financial disclosures in Ayala Corporation’s 2020 Integrated Report (the “Report”) in its printed format for the year ended 31st December 2020…

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