COVER SHEET

A 1 9 9 6 1 1 5 9 3
S.E.C. Registration Number

M A N I L A W A T E R C O M P A N Y I N C .
(Company’s Full Name)

M W S S A D M I N I S T R A T I O N B U I L D I N G

4 8 9 K A T I P U N A N R O A D B A L A R A 1 1 0 5

Q U E Z O N C I T Y M E T R O M A N I L A
(Business Address: No. Street City / Town / Province)

Atty. Amabelle C. Asuncion (02) 7917-5900 loc. 1404

Contact Person Company Telephone Number

SEC FORM 17-C

1 2 3 1 S T O C K 0 4 14
Month Day FORM TYPE Month Day
Fiscal Year Annual Meeting

Secondary License Type, If Applicable

Article VII (on Aug 2020)

Dept. Requiring this Doc. Amended Articles Number/Section

Total Amount of Borrowings

940 ₱37.08 billion ₱48.25 billion
Total No. of Stockholders Domestic Foreign
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To be accomplished by SEC Personnel concerned

File Number ____________________________________

LCU

Document I.D. ____________________________________

Cashier

STAMPS
 SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. August 10, 2023

Date of Report (Date of earliest event reported)

2. SEC Identification Number A1996-11593

3. BIR Tax Identification No. 005-038-428-000

4. Manila Water Company, Inc.

Exact name of issuer as specified in its charter

5. Province, country or other jurisdiction of incorporation or

organization Quezon City, Philippines

6. Industry Classification Code: ( (SEC Use Only)

7. Address of issuer’s principal office

MWSS Administration Building, No. 489 Katipunan Road, Balara, Quezon City

Postal Code 1105

8. Issuer's telephone number, including area code

(02) 7917 5900 loc. 1404

9. Former name or former address, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the Securities Regulation Code
(SRC):

A. Shares of Stock
Number of shares
Title of each class outstanding
Authorized capital stock
Common shares (₱1.00 par value) 3,100,000,000
Preferred shares (₱0.10 par value) 4,000,000,000
Number of shares outstanding
Common shares (₱1.00 par value) 2,883,652,059*
Preferred shares (₱0.10 par value) 4,000,000,000
Amount of debt outstanding as of March 31, 2023: ₱85.33 billion (bank borrowings and bonds)

* Excludes the 2,143,838 treasury shares that were acquired by the Company for its Stock Incentive Plan.
 B. Debt Securities
None

Registrant has no other registered securities either in the form of shares, debt or
otherwise.

11. Are any of registrant’s securities listed on stock exchange?

Yes [ X ] No [ ]

12. Indicate the item numbers reported herein:

Please see attached letter to the Securities and Exchange Commission and Philippine
Stock Exchange, Inc.

Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly
caused this report to be signed on its behalf by the undersigned.

MANILA WATER COMPANY, INC.

Issuer

By:

Amabelle C. Asuncion
Chief Legal Officer
and Chief Compliance Officer

Date: August 10, 2023

August 10, 2023

Securities and Exchange Commission

7907 Makati Avenue
Salcedo Village, Bel-Air
Makati City, Philippines

Attention : Mr. Vicente Graciano P. Felizmenio, Jr.

Director, Markets and Securities Regulation Department

Philippine Stock Exchange, Inc.

PSE Tower, 5th Avenue corner 28th Street,
Bonifacio Global City, Taguig, Philippines

Attention : Ms. Alexandra D. Tom Wong

Officer-in-Charge, Disclosure Department

Subject : Unaudited Performance Results for the First Half of 2023

Gentlemen :

The Company announces today its unaudited Financial and Operating Results for the first half of the
year. Please refer to the enclosed financial and operating highlights.

Thank you.

Very truly yours,

Amabelle C. Asuncion August 10, 2023

Chief Legal Officer and Chief Compliance Officer

Encl: a/s
MANILA WATER FINANCIAL AND OPERATING HIGHLIGHTS (CONSOLIDATED)

YTD June 2023 YTD June 2022

(in Million Php) % Change
Unaudited Unaudited
Revenues 15,391 10,857 42%
COS and Operating Expenses 5,624 4,644 21%
Other Income - net 373 295 26%
Equity Share in Net Income of Associates 295 307 (4%)
Other Income 78 (12)
EBITDA 10,140 6,508 56%
EBITDA margin 66% 60%
Amortization and Depreciation (2,066) (2,005) 3%
Net Interest Expense (1,756) (1,310) 34%
Foreign Exchange gains (losses) - net 1 625 (100%)
Other income (expenses) - net 261 - 100%
Provision for Income Tax 1,361 810 68%
Net income (loss) after tax from discountinued
(1) (1) 0%
operations
Non-controlling Interests 171 87 97%
Net Income 5,047 2,920 73%

March 31, 2023 December 31, 2022

(in Million Php) % Change
Unaudited Audited
Assets
Current Assets 16,240 15,110 7%
Noncurrent Assets 186,641 179,693 4%
Total Assets 202,881 194,803 4%

Liabilities and Stockholders' Equity

Current Liabilities 33,955 24,085 41%
Noncurrent Liabilities 92,635 97,266 (5%)
Total Liabilities 126,590 121,351 4%
Stockholders' Equity 76,291 73,452 4%

Total Liabilities and Stockholders' Equity 202,881 194,803 4%

(in mcm) YTD June 2023 YTD June 2022 % Change

Total Attributable Billed Volume* 651.8 637.0 2%
East Zone Concession 258.9 245.3 6%
Manila Water Philippine Ventures 60.5 58.8 3%
Clark Water 6.8 6.7 3%
Laguna Water 22.6 22.7 (0%)
Boracay Water 1.6 1.6 1%
Estate Water 6.1 5.3 14%
Cebu Water 6.9 6.8 1%
Bulacan MWPV 1.1 1.1 (3%)
Obando Water 1.0 1.0 1%
Calasiao Water 0.5 0.3 47%
Aqua Centro 1.1 1.1 (7%)
Bulakan Water 1.5 1.4 5%
South Luzon Water 2.7 2.6 7%
Calbayog Water 1.6 1.6 3%
Tagum Water 4.7 4.7 (1%)
Metro Ilagan 0.5 0.0
EcoWater MWPV 1.9 1.9 (4%)
Manila Water Asia Pacific 332.3 332.9 (0%)
Thu Duc Water 54.3 54.3 0%
Kenh Dong Water 35.0 34.1 3%
Saigon Water 65.7 64.4 2%
East Water 174.5 177.0 (1%)
PT STU 2.8 3.1 (12%)
*Billed Volume is the amount of water billed to customers, which is measured in million cubic meters (mcm)

YTD June 2023 YTD June 2022 % Change

Total Billed Connections** 1,312,147 1,273,827 3%
East Zone Concession 1,074,561 1,049,052 2%
Manila Water Philippine Ventures 237,586 224,775 6%
Clark Water 1,988 2,005 (1%)
Laguna Water 126,736 120,667 5%
Boracay Water 5,133 4,144 24%
Estate Water 16,706 15,539 8%
Cebu Water 1 1 0%
Bulacan MWPV 9,759 9,411 4%
Obando Water 10,051 9,775 3%
Calasiao Water 5,826 3,902 49%
Aqua Centro 10,485 10,506 (0%)
Bulakan Water 13,833 13,363 4%
South Luzon Water 21,501 20,583 4%
Calbayog Water 15,133 14,413 5%
Tagum Water 1 1 0%
Metro Ilagan Water 1 1 0%
EcoWater MWPV 432 464 (7%)
**Billed Connections is the number of water service connections in the concession area, which is measured by count