Ayala Corporation

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Ayala Corporation
Type Public (PSE: AC)
Founded Manila, Philippines (1834)
Founder(s)

Domingo Roxas,

Antonio de Ayala
Headquarters Makati City, Philippines
Key people Jaime Augusto Zobel de Ayala, Chairman and CEO
Fernando Zobel de Ayala, President and COO
Mercedita S. Nolledo, Senior Counsel and Corporate Secretary
Delfin C. Gonzalez, Jr., Chief Finance Officer
John Eric T. Francia, Group Head of Corporate Strategy and Business Development
Revenue PHP94 billion (2011) [1]
Net income PHP15.7 billion (2011) [1]
Website Ayala.com.ph

Ayala Corporation (Spanish: Ayala y Compañía) is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, and management and business process outsourcing.

History

In the late 19th century, Ayala participated in the construction of the Puente de Ayala over the Pasig River in Manila. Built of wood in 1872, the Ayala Bridge was reconstructed in steel in 1908, and was the first steel bridge in the Philippines. In 1888, the corporation introduced the first tramcar service in the Philippines. Ayala was mainly responsible for the development of Makati as the financial district of Manila and the Philippines after World War II.

In April 2010, FinanceAsia named Ayala Corporation as the best-managed company in the Philippines, as well as best for corporate governance and best for corporate social responsibility.[2]

In 2011, Ayala began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power, the purchase of the iconic Northwind farm for wind power, and its joint venture with Sta. Clara Power for run-of-the-river hydro power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015.[3]

Attached Companies and Investments

The Ayala Corporation is currently the holding company for the following:

Real estate

Atayala Ayala Land Premier Alveoland Avida Land Alveo Leasing Ayala Malls

Financial Services

Telecommunications

Utilities

  • Manila Water Company Inc.
  • Ayala Corporation Energy Holdings, Ltd. (also known as AC Energy and AC Energy Holdings Inc.) is the power unit of Ayala Corporation, with investments in the development of conventional as well as solar, wind, and mini-hydro energy sources.[6][7][8][9] The wholly owned energy subsidiary of Ayala, AC Energy aims to contribute as much as 1,000 MW in capacity to the country's energy grid over the next five years.[10]

Business Process Outsourcing and IT

Automotive

Nonprofit organizations

  • Ayala Foundation [25]
    • CENTEX [26]
    • Ayala Museum [27]
    • Philippine Development Foundation [28]
    • Ayala Technology Business Incubator [29]
    • Filipinas Heritage Library [30]
    • Ayala Social Initiatives [31]

Retirement of the Ayala chairman

In January 2006, the board of directors publicly announced the decision by Jaime Zobel de Ayala to retire as chairman of the corporation by April 2006. The board also announced Zobel de Ayala's appointment as chairman emeritus upon his retirement. His elder son, Jaime Augusto Zobel de Ayala, succeeded him as Chairman and Chief Executive Officer of the corporation, while his younger son, Fernando Zobel de Ayala, has assumed the position of President and Chief Operating Officer. The family holding company Mermac continues to hold a majority stake in Ayala Corporation.[32]

Oldest business house in Philippines

In 2009, Ayala celebrated its 175th anniversary. The company is credited for having contributed to the socio-economic development of the Philippines.[33]

References

  1. ^ a b http://www.ayala.com.ph/statements/AYALA%20CORP%20%20SEC%2017A.pdf
  2. ^ "Asia's best managed companies: Indonesia and the Philippines", Finance Asia
  3. ^ "Ayala Corp Builds Renewable Energy Portfolio with Run-of-the-River Hydropower", The Philippine Daily Inquirer
  4. ^ http://investing.businessweek.com/research/stocks/people/person.asp?personId=8459585&ticker=AC:PM&previousCapId=878942&previousTitle=AYALA%20CORPORATION
  5. ^ http://news.xinhuanet.com/english/2009-04/06/content_11139785.htm
  6. ^ http://www.manilatimes.net/index.php/business/top-business-news/16059-ayala-unit-seeks-regulatory-approval-for-capital-hike
  7. ^ http://www.global-imi.com/media/IMI-Definitive-IS.pdf
  8. ^ http://business.inquirer.net/105673/ac-energy-of-ayala-group-to-invest-200m-in-2013
  9. ^ http://www.abs-cbnnews.com/business/04/19/13/ayala-corp-allots-700-m-energy-projects
  10. ^ http://manilastandardtoday.com/2013/08/01/ayala-to-build-405-mw-plant/
  11. ^ http://www.philstar.com/Article.aspx?articleId=576354&publicationSubCategoryId=66
  12. ^ http://in.reuters.com/article/2009/11/13/idINIndia-43913520091113
  13. ^ http://www.philstar.com/Article.aspx?articleId=379522
  14. ^ http://www.abs-cbnnews.com/business/04/17/12/ayalas-bpo-unit-expects-post-profit-it-expands
  15. ^ http://www.reuters.com/finance/stocks/AC.PS/key-developments/article/2292805
  16. ^ http://ph.news.yahoo.com/ayala-bpo-unit-buys-la-outsourcing-firm-20110418-094743-054.html
  17. ^ http://www.gmanetwork.com/news/story/238195/economy/ayala-corp-posts-p7-3b-net-in-first-9-mos-up-7
  18. ^ OECD, Organisation for Economic Co-operation and Development (2001). Corporate Governance In Asia: A Comparative Perspective. OECD Proceedings Series. OECD Publishing. ISBN 9789264183285. 
  19. ^ http://www.hondaphil.com/ver2/ourcompany.php
  20. ^ http://www.pinoyprofile.com/jaime-zobel-de-ayala/
  21. ^ http://www.isuzuphil.com/corporate-information/the-story-of-isuzu-philippines/
  22. ^ http://ai.myvirtualpaper.com/doc/ayala/ayala-corp-2009-annual-report/2010063001/7.html
  23. ^ http://www.philippine-builder.com/featured/company/178-ayala-corporation-pseac.html
  24. ^ http://www.abs-cbnnews.com/business/09/29/13/ayala-group-brings-back-vw-beetle-2014
  25. ^ http://www.mb.com.ph/articles/359007/in-honor-iconoclast
  26. ^ http://www.inmetromanila.com.ph/company/ayala-foundation-centex-manila.html
  27. ^ http://www.makaticity.com/museums/ayala-museum.php
  28. ^ http://www.phildev.org/site/News2?page=NewsArticle&id=5556
  29. ^ http://www.bgn.org/institutions/page/10
  30. ^ http://lifestyle.inquirer.net/36333/cultural-advocate-to-speak-at-filipinas-heritage-librarys-workshop
  31. ^ http://opinion.inquirer.net/inquireropinion/columns/view/20090117-183867/Can-business-do-good-in-bad-times
  32. ^ "Zobel retires as Ayala chairman," Manila Bulletin, January, 2006 http://www.mb.com.ph/node/58957
  33. ^ "Ayala on solid ground after 175 years", Philippine Star, March 10, 2009

External links