Corporate History

‡ The corporate history of Maynilad began with the successful privatization of the Metropolitan Waterworks and Sewerage System (MWSS) in 1997. Before then, MWSS was the government corporation in charge of providing water supply and sewerage disposal services in the greater Metro Manila area. ‡ Towards its 10th year, after a string of financial, legal, and regulatory disputes, Maynilad went through a change of ownership, with the consortium of Metro Pacific Investments Corporation (MPIC) and DMCI Holdings, Inc. (DMCI) acquiring 83.96% of the water company s shares. Lyonnaise Asia Water Limited (LAWL) held a 16% share.

Corporate Profile
‡ Maynilad Water Services, Inc. (Maynilad) is the water and wastewater services provider for the 17 cities and municipalities that comprise the West Zone of the greater Metro Manila area. ‡ In 1997, the company was granted a 25-year exclusive concession 25by the Philippine Government, through the Metropolitan Waterworks and Sewerage System (MWSS), to operate, maintain and invest in the water and sewerage system. ‡ Maynilad went through a change of ownership on January 24, 2007, with the consortium of DMCI Holdings, Inc. (DMCI) and Metro Pacific Investments Corporation (MPIC) winning 84% of the water company s shares in a public bidding.

‡ The DMCI-MPIC consortium immediately worked on the DMCIfinancial and operational rehabilitation of Maynilad. In August of the same year, the consortium signed a prepayment and settlement agreement with Maynilad s creditors and MWSS. ‡ By January 2008, the new owners of Maynilad had already paid off the company s outstanding debts, which had then reached $240 million. An aggressive catch-up plan was also catchimplemented to increase company revenue, improve water service operations, and drastically cut commercial losses. ‡ To herald the sweeping transformation that was about to take place, Maynilad launched its new company logo in November 2008. The new logo reflected the new direction and renewed mission of the company s management team.

‡ Recently, the Metropolitan Waterworks and Sewerage Systems (MWSS) has approved Maynilad's application for concession extension for another 15 years. If finally approved by the Philippine Government, an extended term will allow Maynilad to increase its planned investments and lower its tariffs for customers. ‡ Metro Pacific Investments Corporation and DMCI HoldingsHoldings-led Maynilad Water Services, Inc. (Maynilad) is tapping the JD7 LDS2010 Investigator to detect leaks and bring down waterloss in its concession area. The company will spend around P5.17 million ($120,000) for the equipment.

Coverage Area
Maynilad has the responsibility to operate, maintain and invest in the water and sewerage system of the 17 cities and municipalities that comprise the West Zone. These areas include: Caloocan, Las Piñas, Malabon, Manila, Muntinlupa, Navotas, Pasay, Parañaque, Valenzuela, parts of Quezon City, a part of Makati, Cavite City, and the municipalities of Rosario, Imus, Noveleta, Bacoor, and Kawit in Cavite. The West Zone covers a total of 540.43 square kilometers. Presently, Maynilad has a total of 762,315 billed water services, equivalent to a population of around 6.2 million, in the West Zone which covers nine cities and two municipalities in Metro Manila and one city and five towns in the Cavite province.

We are a world-class water worldservice company committed to excellence and improved quality of life.

We will delight our customers with reliable and high quality water and wastewater services at a fair price; We will protect the environment to conserve our water resources for future generations; We will promote efficiency and productivity to enhance shareholder value; We will attract and retain the most qualified individuals and enhance the personal and professional well-being of wellour human resources; and We will conduct ourselves with integrity, honesty and accountability in accordance with the highest ethical standards in serving our various stakeholders

Corporate Values
MakaMaka-Diyos at Maka-Tao (Value relationship with MakaGOD, family and Community we serve) Customer Focus (Marketing and customer-oriented) customerMasipag at Mapagkakatiwalaan (Conscientious, Honest and Trustworthy) Malasakit (Ownership) Teamwork and Respect (cross-functional (crossrelationships) Performance driven

Corporate Social Responsibility
‡ Samahang Tubig Maynilad Launched in May 2009 to address the problems of water inaccessibility and irresponsible water use in Maynilad s concession area. Under the project, residents of urban poor communities are organized and given training to make sure that they are capable of sustaining the water management programs in their communities. ‡ Bayan Tubig First conceived in February 1999, the Bayan Tubig program facilitates the delivery of safe and low-cost lowwater to poor communities in the West Zone, through individual household service connections. The program has benefited 216,000 households since its launching.

‡ Bayanihan Bayan Tubig An offshoot of Bayan Tubig is the Bayanihan Bayan Tubig program. True to the spirit of Bayanihan, beneficiaries help themselves and one another by contributing time and physical labor to the program. Under the supervision of Maynilad engineers, the beneficiaries install the pipes that will bring water to their communities. This not only cuts the cost of the pipe installation project, it also fosters a stronger relationship within the community while instilling a sense of ownership of the project among the recipients. ‡ Lingkod Eskuwela Maynilad s Lingkod Eskwela project is intended for West Zone public schools that have no access to clean and potable water. It involves the construction of drinking fountains, clean-up of water cleanreservoirs or tanks, and regular sampling of drinking water to check its quality. Under the project, Maynilad also conducts regular desludging of the schools septic tanks to ensure proper sanitation. ‡ Participation in PGMA s Serbisyo Muna Caravan and Patubig Program Maynilad is a regular participant in President Gloria Macapagal-Arroyo s MacapagalSerbisyo Muna Caravan, during which customer problems and issues related to West Zone water and sanitation are promptly addressed.

‡ DepEd s Oplan Balik Eskwela - In support of the Department of Education s Oplan Balik Eskwela program, Maynilad Water Services, Inc. (Maynilad) recently cleaned and refurbished classrooms in the Calalay Elementary School in Quezon City. The water company also constructed a drink and wash station in the school last year to improve the health and sanitation conditions of the students and teachers.

‡ Maynilad Water Services, Inc. (Maynilad) recently became the first company in the Philippines to receive the ISO 14064:2006 certification for the verification of its greenhouse gas (GHG) or carbon footprint quantification and reporting initiative from TUV Rheinland.

Sign up to vote on this title
UsefulNot useful