Site Loader
Get a Quote
Rock Street, San Francisco

CHAPTER I
INTRODUCTION
Company Profile
Aboitiz Power Corporation (AP) is a Philippine-based company that has interests in power generation, power distribution and retail electricity services. The company was established by Aboitiz family in 1918 with only a 20% ownership in the Visayan Electric Company (VECO). In 1930, Ramon Aboitiz acquired its first owned and managed utility – Ormoc Electric Light Company. In 1935, it acquired Cotabato Light and Power Company and in 1946 it acquired Davao Light and Power Company. In 1978, the company started its venture in hydroelectric power generation business. By 1990, Hydro Electric Development Corporation (Hedcor) has a portfolio of 14 plants and 36 MW of installed capacity. As years go by, the growth of the company is continuous through acquisitions, joint ventures and establishments of power companies and power plants. The company was incorporated on February 13, 1998 and became publicly listed at the Philippine Stock Exchange (PSE) to hold the Aboitiz Group’s investments in the power sector. The company initially held only power generation assets but in early 2007, they started acquiring distribution utilities and now, through its subsidiaries and affiliates, Aboitiz Power Corporation became a leader in the Philippine power industry with 47 established power plants and 8 distribution networks in Luzon, Visayas and Mindanao.

Nature of Business, Products and Services
Aboitiz Power Corporation belongs to Electricity Industry. The company is advancing business and communities by providing reliable and ample power supply at a reasonable and competitive price with the least adverse effects on our environment and host communities. Its biggest competitive advantage has always been its team and its relationship with stakeholders.
The company focuses on power generation, power distribution and retail electricity services. The company generates both renewable energy (hydro, geothermal, and solar) and non-renewable energy (coal, and oil). Aboitiz Power’s distribution sector is composed of eight distribution utilities, including the nation’s second and third largest distribution utilities, which supply electricity to high growth areas in Luzon, Visayas and Mindanao. The company’s partner retailers are Aboitiz Energy Solutions Inc., Adventenergy Inc., and Prism Energy Inc.
Financial Position
2017 2016 2015
Asset P 361,477 357,007 242,489
Net Revenue 119,391 89,163 85,174
EBITDA 47,650 38,086 33,664
Net Income 23,350 20,614 18,366
Market Capitalization 305,750 306,854 306,854
Table 1.1: Financial Highlights of Aboitiz Power Corporation
Aboitiz Power Corporation has an increasing trend for its each accounts except for market capitalization. Total assets increased by 1.25% in 2017, net revenue increased by 33.90%, EBITDA increased by 25.11%, net income increased by 13.27% and lastly, market capitalization decreased by 0.36%
Market Profile Overview
Aboitiz Power Corporation belongs in the electricity industry. It concentrates on power generation, power distribution and retail electricity services. The company started in Visayas and later on explored Mindanao making its market in Visayas and Mindanao well penetrated. It powers majority of the commercial, industrial and residential areas in Visayas and Mindanao.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Board of Directors and Employee Demography

Figure 1.1: Aboitiz Power Corporation’s Board of Directors
Age of employees
Age Number of Employees
Below 30 years old 829
30-50 years old 1,675
Above 50 years old 410
Total Number of Employees 2,914
Gender and position classification
Position Male Female
Staff 1,588 528
Supervisors 334 111
Managers 161 62
AVP and up 96 34
Total Number of Employees 2,179 735
Number of Employees per Region
Region Number
Luzon 1,409
Visayas626
Mindanao 879
Total Number of Employees 2,914
Years of Service
Years Number
;1 296
1-5 1,139
6-10 806
11-15 223
16-20 133
21-25 229
;25 88
Total Number of Employees 2,914

Post Author: admin

x

Hi!
I'm Lillian

Would you like to get a custom essay? How about receiving a customized one?

Check it out