| THE AYALA WAY

Vol 6 No 42

“Many energizing possibilities lie just beyond the horizon. I look forward to being with all of you, building thriving communities and enterprises enabling people to unlock their potential and become their best selves.”

JAIME AUGUSTO ZOBEL DE AYALA
AC Chairman

Ayala Corporation Chairman Jaime Augusto Zobel de Ayala and President and CEO Cezar P. Consing express optimism for the conglomerate's future and reaffirm Ayala's focus on long-term value creation and empowering communities.

DO WHAT'S RIGHT · INSPIRE EXCELLENCE

Building Businesses That Enable People to Thrive

Celebrating its 190th anniversary in 2024, Ayala Corporation achieved record-high earnings amounting to P45 billion in core net income, 10 percent higher than in 2023, driven by the robust performance of its business units and its expansion into emerging growth sectors.

As reported by Ayala President and CEO Cezar P. Consing to stockholders, the company advanced its strategic agenda through portfolio optimization, executive development, and stronger governance and sustainability practices. For his part, Ayala Chairman Jaime Augusto Zobel de Ayala expressed gratitude to shareholders, partners, employees, board directors, and all those who have contributed to Ayala’s continued success.

This was echoed by Consing, who reflected on the company’s extraordinary transformation over the past four decades, from being primarily focused on real estate and banking to building a more diversified business portfolio that addresses societal imperatives such as digital connectivity, financial inclusion, climate action, and healthcare.

In 2024, Ayala’s core business units—Ayala Land, BPI, Globe, and ACEN—excelled in propelling growth. Investments such as the increased stake in Mynt, alongside streamlining logistics and industrial operations and strategic divestments have reinforced Ayala’s position for sustained success amidst challenges in smaller ventures.

Looking forward, Ayala remains steadfast in its dedication to responsible corporate governance, sustainability, and fostering shared value. Notable initiatives include net zero greenhouse gas emissions by 2050, and championing diversity, equity, and inclusion. Aligned with its vision for shareholder value and national growth, Ayala plans to allocate P230 billion for capital expenditure in 2025, three percent higher than 2024, to bolster its businesses while maintaining strong access to competitive financing.

Finally, Emmanuel Maceda, chair of Bain & Co., was elected in place of outgoing board director Cesar Purisima.