Activity Ratio

2009 2010 2011 2012 2013 2014 2015

LIQUIDITY RATIO 2009 2010 2011 2012 2013 2014 2015
Current ratio 2.21 0.76 1.22 0.64 1.1 1.22 1.07
Quick Ratio 2.21 0.75 1.21 0.63 1.01 1.21 1.06
ACTIVITY RATIO 2009 2010 2011 2012 2013 2014 2015
Average Collection Period 30.53 46.81 25.89 37.93 34.85 39.66 43.53
Total Asset Turnover 0.12 0.14 0.14 0.16 0.15 0.15 0.12
DEBT RATIOS
Debt Ratio 0.53 0.50 0.46 0.46 0.44 0.45 0.5
Debt-to-Equity Ratio 1.15 1.01 0.85 0.84 0.77 0.81 1
Times interest Earned Ratio 1.96 2.06 3.07 4.09 3.45 4.11 4.34
PROFITABILITY RATIO
Gross Profit Margin 56% 63% 62% 59% 62% 61% 62%
Operating Profit Margin 30% 54% 55% 54% 51% 52% 57%
Net Profit Margin 27% 15% 23% 23% 23% 24% 26%
Earnings per share 0.19 0.142 0.225 0.259 0.28 0.305 0.35
Return on Total Assets 0.03 0.022 0.03 0.037 0.036 0.034 0.03
Requity on Equity 0.07 0.04 0.06 0.08 0.064 0.061 0.06
MARKETABILITY RATIO
Price/ Earning Ratio 15.54 22.32 15.33 17.22 18.46 15.97 14.35
Market/Book Ratio 0.59 0.98 0.9 1.38 1.18 0.98 0.91
 2016 2017 2018
2016 2017 2018
1.18 1.37 1.41
1.15 1.29 1.41
2016 2017 2018
42.11 52.36 54.92
0.13 0.12 0.15

0.47 0.57 0.57

0.87 1.34 1.33
4.85 4.01 3.67

59% 53% 49%

58% 52% 46% Chart Title
26% 21% 17%
0.09
0.381 0.417 0.45
0.08
0.03 0.03 0.025
0.06 0.06 0.06 0.07
0.06
16.82 15.92 11.52 0.05
1.02 0.97 0.68
0.04
0.03
0.02
0.01
0.00
2009 2010 2011 2012 2013 2014 2015
 Chart Title

012 2013 2014 2015 2016 2017 2018

 LIQUIDITY RATIO
CURRENT RATIO QU
2.21 2.21

1.37 1.41
1.22 1.22 1.18 1.21
1.10 1.07

0.76 0.75
0.64 0.63

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011 2012

HIGHEST CURRENT RATIO: 2.21 (2009) HIGHEST QU

LOWEST CURRENT RATIO: 0.64 (2012) LOWEST QU

ACTIVITY RATIO
AVERAGE COLLECTION PERIOD TOTAL A
54.92 0.16
52.36
46.81 0.14 0.14
43.53 42.11 0.12
39.66
37.93
34.85
30.53
25.89

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011 2012

HIGHEST AVERAGE COLLECTION PERIOD: HIGHEST TOTAL

54.92 (2018)
LOWEST AVERAGE COLLECTION PERIOD: LOWEST TOTAL
25.89 (2011) (200
 DEBT RATIOS
DEBT RATIO DEBT-TO
0.57 0.57
0.53
0.50 0.50
0.46 0.46 0.47
0.44 0.45
1.15
1.01
0.85 0.84

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011 2012

HIGHEST DEBT
HIGHEST DEBT RATIO: 0.57 (2017 ; 2018)

LOWEST DEBT
LOWEST DEBT RATIO: 0.44 (2013)

TIMES INTEREST EARNED RATIO

4.85
4.34
4.09 4.11

3.45
3.07

1.96 2.06

2009 2010 2011 2012 2013 2014 2015 2016

HIGHEST TIMES INTEREST EARNED RA

4.85 (2016)
LOWEST TIMES INTEREST EARNED RA
1.96 (2009)
 PROFITABILITY RATIO

GROSS PROFIT MARGIN OPE

63% 62% 62% 61% 62%
59% 59%
56% 55%
53% 54%
49%

30%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011

HIGHEST GROSS PROFIT MARGIN: 63%

(2010)

LOWEST GROSS PROFIT MARGIN: 49%

(2018)

NET PROFIT MARGIN EA

27%
26% 26%
24%
23% 23% 23%
21%

17%
15%
0.225
0.193
0.142

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011

HIGHEST NET PROFIT MARGIN: 67% (2009)

LOWEST NET PROFIT MARGIN: 15% (2010)

 RETURN ON TOTAL ASSET R
0.037 0.036
0.03377 0.034
0.072498
0.03 0.03 0.03 0.03
0.06
0.025
0.022
0.04

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011

HIGHEST RETURN ON TOTAL ASSET: 0.37

(2012)

LOWEST RETURN ON TOTAL ASSET: 0.22

(2010)

MARKET RATIO

PRICE/EARNINGS RATIO
22.32

18.46
17.22 16.82
15.5440414507772 15.33 15.97 15.92
0.98
14.35 0.9
11.52
0.59288537549407
1

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 2010 2011

HIGHEST PRICE/EARNINGS RATIO: 22.32

(2010)

LOWEST PRICE/EARNINGS RATIO: 11.52

(2018)
ATIO
QUICK RATIO

1.41
1.29
1.21 1.21 1.15
1.01 1.06

0.75
0.63

2010 2011 2012 2013 2014 2015 2016 2017 2018

HIGHEST QUICK RATIO: 2.21 (2009)

LOWEST QUICK RATIO: 0.63 (2012)

ATIO
TOTAL ASSET TURNOVER
0.16
0.15 0.15 0.15
0.14 0.14
0.13
0.12 0.12

2010 2011 2012 2013 2014 2015 2016 2017 2018

HIGHEST TOTAL ASSET TURNOVER: 0.16

(2012)
LOWEST TOTAL ASSET TURNOVER: 0.12
(2009 ; 2015 ; 2017)
IOS
DEBT-TO-EQUITY RATIO

1.34 1.33

1.01 1.00
0.85 0.84 0.87
0.77 0.81

2010 2011 2012 2013 2014 2015 2016 2017 2018

HIGHEST DEBT-TO-EQUITY RATIO: 1.34

(2017)

LOWEST DEBT-TO-EQUITY RATIO: 0.77

(2013)

T EARNED RATIO

4.85
4.34
4.11 4.01
3.67

2014 2015 2016 2017 2018

EREST EARNED RATIO:

(2016)
REST EARNED RATIO:
(2009)
Y RATIO

OPERATING PROFIT MARGIN

57% 58%
54% 55% 54%
51% 52% 52%
46%

30%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

HIGHEST OPERATING PROFIT MARGIN:

58% (2016)

LOWEST OPERATING PROFIT MARGIN:

30% (2009)

EARNINGS PER SHARE

0.45
0.417
0.381
0.35
0.305
0.28
0.259
0.225
0.193
0.142

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

HIGHEST EARNINGS PER SHARE: 0.45 (2018)

LOWEST EARNINGS PER SHARE: 0.142 (2010)

 RETURN ON EQUITY
0.08
0.072498
0.064
0.06 0.061 0.06 0.06 0.06 0.06

0.04

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

HIGHEST RETURN ON EQUITY: 0.08 (2012)

LOWEST RETURN ON EQUITY: 0.04 (2010)

ATIO

MARKET/BOOK RATIO

1.38

1.18

0.98 0.98 1.02

0.97
0.9 0.91

0.59288537549407 0.68
1

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

HIGHEST MARKET/BOOK RATIO: 1.38 (2012)

LOWEST MARKET/BOOK RATIO: 0.59

(2009)
 Share Price
YEAR SHARE PRICE
2009 3.00 SHARE PRICE- MPIC
2010 3.17 7.00
2011 3.45
6.00
2012 4.46
5.00
2013 5.17
4.00
2014 4.87
2015 4.95 3.00

2016 6.41 2.00

2017 6.64 1.00
2018 5.16 0.00
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
017 2018
 Current Assets - Metro Pacific

2009 2010 2011 2012 2013 2014 2015 2016 2017

Cash, Cash Equivalents, and Short Term deposits 8813149 4947831 15125792 9118573 15263000 25758000 23936000 19469000 49317000
Receivables 13475300 2380660 2948718 3607660 3749000 3676000 4441000 5171000 10899000
Restricted Cash - - 1915373 1359378 1827000 2367000 2414000 2432000 4047000
Advances to contractors/ consultants 527571 288285 - - - - - - -
Due from related parties 501080 439427 373465 145607 229000 140000 137000 92000
Inventories at cost 96012 158817 - - - - - - -
Real Estate 187010 187010 - - - - - - -
Assets held for sale 329570 - - - - 1370000 1480000 - 250000
Available for sale financial assets 282787 546424 - - - - - - -
Derivative - 2902 - - - - - - -
Other current assets 1593832 2320904 2355785 1793598 3821000 2458000 3938000 4636000 10432000
TOTAL 25806311 11272260 22719133 16024816 24889000 35769000 36346000 31800000 74945000

Noncurrent Assets - Metro Pacific

2009 2010 2011 2012 2013 2014 2015 2016 2017

Restricted cash - - - - - 889000 889000 889000 -
Investments and advances 27770623 34871657 36738013 45083381 48854000 65175000 96202000 126556000 150971000
Goodwill 12551750 12751001 13068563 13155181 18308000 18308000 18308000 21004000 25384000
Receivables - 675029 956745 7332167 593000 263000 145000 56000 -
Due from related parties 65569 65413 65232 65050 65000 - - - -
Service concession assets - net 62185407 69348123 76823900 81869787 94540000 98260000 135760000 152693000 168783000
Property and equipment - net 634405 1423235 5862803 6049006 6859000 7368000 8016000 10480000 67606000
Property use rights - - 765099 689272 649000 608000 596000 554000 -
Derivative assets 39212 31713 - - - - - - -
Available for sale financial assets - 513234 1386055 1403414 2770000 2162000 2018000 1859000 -
Deferred tax assets - net 214992 275288 - - - - - - 1045000
Intangible assets - - - - - - - - 4637000
Other noncurrent assets 131566 149170 1787104 1831970 3057000 5210000 3900000 5711000 10380000
TOTAL 103593524 120103863 137453514 157479228 175695000 198243000 265834000 319802000 428806000
 2018
47521000
12495000
5421000
-

-
-
1250000
-
-
12892000
79579000

2018
-
152993000
27856000
-
-
205992000
71926000
-
-
-
1270000
3897000
14433000
478367000
 Current Liabilities - Metro Pacific

2009 2010 2011 2012 2013

Accounts Payable and other current liabilities 7532438 7711053 11676542 13711514 13476000
Notes payable - - - 4700000 -
Unearned toll revenues 21135 30986 - - -
Income tax payable 10818 30940 75746 182887 260000
Due to related parties 429718 469495 122346 97425 93000
Current portion of:
Provisions 555640 2188156 2989390 3669843 4677000
Service concession fees payable 1208467 1179026 791803 688262 603000
Long-term debts 958095 2953944 1594148 1846803 3512000
Deferred credits and other long-term liabilities 942279 - - - -
Unearned tuition and other school fees - 29306 - - -
Derivative Liabilities - 211912 - - -
Payable to non-controlling interest - - 1299189 - -
TOTAL 11658590 14804818 18549164 24896734 22621000

Noncurrent Liabilities - Metro Pacific

2009 2010 2011 2012 2013

Noncurrent portion of:
Provisions 415827 308343 189932 252433 312000
Service concession fees payable 9071673 7951199 8032820 8026188 7909000
Long-term debts 41828305 29569056 38429023 37068039 47536000
Deferred credits and other long-term liabilities 3432643 4162157 5552458 5464051 5152000
Derivative liabilities 44467 - - - -
Accrued retirement costs - 49429 - - -
Deferred tax liabilities 2672692 2937618 2989478 3436860 3774000
Due to related parties - 6314141 - - -
TOTAL 57465607 51291943 55193711 54247571 64683000
c

2014 2015 2016 2017 2018

12049000 14757000 14965000 27142000 31951000
- - - - -
- - - - -
254000 417000 466000 1415000 1533000
7279000 8550000 1713000 3879000 4462000

5545000 5475000 5229000 5997000 6004000

500000 565000 874000 871000 693000
3573000 4149000 3797000 15573000 11619000
- - - - -
- - - - -
- - - - -
- - - - -
29200000 33913000 27044000 54877000 56262000

ific

2014 2015 2016 2017 2018

228000 263000 239000 2106000 2528000

7271000 25188000 28000000 28873000 29946000
57494000 83433000 93219000 173510000 203474000
6019000 3966000 4368000 10103000 9411000
- - - - -
- - - - -
4228000 4610000 3925000 6836000 9930000
- - 6726000 11767000 7392000
75240000 117460000 136477000 233195000 262681000
 Equity - Metro Pacific

2009 2010 2011 2012

Capital stock 20178155 20205465 24643294 24663824
Additional paid-in capital 27860033 27508008 38056022 38097337
Treasury shares - - - -
Other reserves 451091 628721 706318 707292
Retained earnings 2885936 5953705 10459830 16179636
Other comprehensive income reserve ( 109743 ) ( 89691 ) ( 102196 ) ( 20619 )
Total Equity attributable to owners of parent company 51265472 54218333 73763268 79627470
Non-controlling interests 9010166 11061029 12666504 14732269
TOTAL 129399835 65279362 86429772 94359739
fic

2013 2014 2015 2016 2017 2018

26076000 26096000 27935000 31619000 31626000 31633000
42933000 42993000 49980000 68438000 68465000 68494000
- - - ( 167000 ) ( 167000 ) ( 178000 )
2643000 6245000 6248000 6282000 5742000 6968000
21882000 27525000 35149000 43889000 53894000 64553000
927000 836000 510000 1971000 1684000 1861000
94461000 103695000 119822000 152032000 161244000 173311000
18819000 25877000 30955000 36049000 54435000 65692000
113280000 129572000 302180000 188081000 215679000 239003000