Ayala Corporation (PSE: AC) – Philippines' Oldest and Largest Conglomerate | Company Profile
Discover Ayala Corporation, the Philippines' oldest and largest conglomerate, with core interests in real estate, banking, telecommunications, and power, and investments in various sectors.
I. Company Introduction
Ayala Corporation was founded in 1834. It was established in the Philippines during the Spanish colonial rule by Domingo Rojas and Antonio de Ayala. Headquartered in Makati City, the Philippines, through its diversified business portfolio, it invests in and operates in numerous fields such as retail, education, and real estate, and is the company with the largest asset scale in the Philippines.
Official Website: https://ayala.com/
II. Main Business Segments
1. Real Estate Segment: Develops, constructs, leases, and sells various types of real estate, including residential, commercial, and recreational properties; manages land reserves; operates hotels, cinemas, and theaters, and provides related construction and property management services. It has multiple subsidiaries such as Alveo Land and Ayala Land Inc. responsible for different subdivided businesses.
2. Financial Services Segment: Provides a series of financial services such as savings, loans, deposits, cash management, and asset management, covering both corporate and individual businesses. Its subsidiaries include Bank of the Philippine Islands and GCash.
3. Telecommunications Segment: Provides various communication services such as digital wireless communication and broadband internet, and conducts business through Globe Telecom, Inc.
4. Utilities Segment: Provides services such as water supply and sewage disposal, such as Manila Water Company Inc. (only retains economic interests until 2029).
5. Power and Transportation Segment: Invests in and develops traditional and renewable energy power generation projects; carries out transportation projects such as toll roads, railways, and airports under the government's public-private partnership program. Its subsidiaries include Ayala Corporation Energy Holdings, Ltd. and AC Infrastructure Holdings Corp.
6. Manufacturing and Automotive Segment: Engages in electronic manufacturing, power semiconductor assembly and testing; produces, sells, repairs, and maintains various types of vehicles. Its subsidiary AC Industrial Technology Holding, Inc. owns subsidiaries such as Integrated Micro-Electronics, Inc. to be responsible for specific businesses.
7. Social Infrastructure Segment: Involves the medical and education fields. In terms of healthcare, through Ayala Healthcare Holdings, Inc., it owns a network of hospitals, clinics, and pharmacies, etc.; in terms of education, through Ayala Education, Inc., it operates educational institutions such as universities.
8. Business Process Outsourcing, Logistics, and Digital Business Segment: Provides onshore and offshore outsourcing, logistics, and other services. Its subsidiaries include LiveIt Investments, Ltd. and Zalora Philippines.
III. Technological and Business Advantages
1. Historical and Brand Advantage: As the oldest company in the Philippines, it has a profound historical heritage and a strong brand influence, and is highly recognized by the Filipino people, which is conducive to the development of various businesses.
2. Diversification Advantage: Its businesses cover a wide range of fields, reducing the risk of a single industry. Synergies may be formed among various businesses, enhancing overall competitiveness.
3. Strategic Investment and Cooperation Advantage: It has established strategic partnership relationships with many internationally renowned enterprises such as Mitsubishi Corporation, enabling it to obtain advanced technology, management experience, and financial support to assist in the company's business development and expansion.
IV. Development History
| Time | Key Events |
|---|---|
| 1834 | Domingo Rojas and Antonio de Ayala established the partnership Casa Rojas Company, initially setting up a brewery. |
| 1876 | Ayala y Compañía was established, with its predecessor being Casa Rojas Company. |
| 1888 | Launched the first tram service in the Philippines. |
| 1908 | The Ayala Bridge, which it participated in building, was rebuilt into a steel bridge and became the first steel bridge in the Philippines. |
| 1929 | Ayala Brewery was acquired by La Tondeña, Inc. |
| 1968 | Transformed from a partnership into a company and established the Ayala Group. |
| 1974 | Mitsubishi Corporation made a minority equity investment and became a strategic partner. |
| 1976 | The Ayala Group became a listed company. |
| 2011 | Began to establish a renewable energy portfolio and jointly developed solar energy, etc. with Mitsubishi. |
| 2015 | Was rated as the Best Managed Company in the Philippines by FinanceAsia magazine and won many other honors, and became the company with the largest rateable asset scale ($48.7 billion). |
| October 18, 2024 | Mitsubishi Corporation will acquire 50% of the shares of Ayala Corporation's AC Ventures Holdings for at least 18.4 billion Philippine pesos. |
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