Aboitiz is undergoing its Great Transformation to become the Philippines' first techglomerate.

The Great Transformation

Innovation

Synergy

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University of Experience

People & Culture

Sustainability

MCIA Leads PH Airports Toward Sustainability with Electric Ground Support Equipment

Infrastructure

Iloilo Bulk Water PPP Advances as Aboitiz InfraCapital Awarded Original Proponent Status

Aboitiz Foundation And Fulbright Philippines Open Doors For Global-Ready Filipino Leaders

AIR 2024: Message From The Group CEO

Aboitiz Group Advisory to External Stakeholders regarding COVID-19

2019 Bankers’ Night

2019 Brigada Eskwela Cebu

Franz de la Fuente

Cebu Pacific’s electric Ground Support Equipment (GSE) in action during its
official deployment at MCIA.Mactan-Cebu International Airport (MCIA) marks a
major milestone in sustainable airport operations by supporting the deployment
of electric Ground Support Equipment (GSE) and bridge-mounted equipment (BME)
units — the first of its kind in the Philippines — made possible with Cebu
Pacific. This initiative not only makes Cebu Pacific the first airline to
introduce electric GSE units at MCIA but also reinforces MCIA’s commitment to
drive down carbon emissions in the aviation industry.

“As part of our ongoing commitment to environmental sustainability, we focus on
expanding infrastructure for green aviation fuels and zero-emission electric
ground support equipment. We are glad to collaborate with our airline partners.
Together, we are paving the way for a cleaner, greener future in global air
travel,” said Atty. Julis G. Neri Jr., General Manager and Chief Executive
Officer of Mactan Cebu International Airport Authority (MCIAA).

These state-of-the-art electric GSE units are now fully operational, following
the completion of carrier’s internal training programs, ensuring safe and
efficient handling. In the interim, the airline has established a dedicated
charging station to support ongoing operations, marking a full integration of
the units into their ground handling system.

"This milestone reflects our strong commitment to decarbonizing our operations
and supporting airports that share the same sustainability goals. We are proud
to be the first airline in the Philippines to fully turn around an aircraft
using electric equipment. It is even more meaningful that it was done in
Cebu—the place where our airline began,” said Javier Massot, CEB Chief
Operations Officer.

“Aboitiz InfraCapital Cebu Airport Corporation is dedicated to supporting green
innovations that align with our commitment to environmental sustainability,”
said Athanasios Titonis, CEO of Aboitiz InfraCapital Cebu Airport Corporation.
“The introduction of electric GSE units at MCIA is a valuable step in this
journey, and we are excited to partner with airlines in driving sustainable
practices that will create a lasting, positive impact.”

To further support these green initiatives, MCIA is planning to install
common-use charging stations across the ramp area. Once established, this
infrastructure will enable all airlines at MCIA to access charging resources for
electric GSE, fostering a collaborative approach to sustainable practices and
moving closer to the airport’s vision of a greener, eco-friendly ramp
environment. This initiative also aligns MCIA with the global movement toward
carbon-neutral airports, setting a new standard for sustainable airport
operations in the Philippines.

As part of its ongoing commitment to innovation and sustainability, MCIA is
extending its support to the Crew Management Study Group Meeting organized by
the Airline Group of the International Federation of Operational Research
Societies (AGIFORS), to be held from May 20 to 22. This support is also in line
with MCIA’s recent sustainability initiatives, including the deployment of
electric GSE and BME.

This international event will bring together airline professionals and experts
to advance the application of Operational Research, particularly in crew
management. The focus on efficiency and data-driven decision-making in airline
operations aligns with MCIA’s long-term goals of improving airport performance
through forward-thinking solutions.

S

ABOITIZ INFRACAPITAL RECEIVES ORIGINAL PROPONENT STATUS FOR ILOILO BULK WATER
SUPPLY PROJECT. Last May 15, 2025, the Iloilo City government awarded Aboitiz
InfraCapital (AIC) Original Proponent Status for the latter’s Iloilo Bulk Water
Supply Public-Private Partnership (PPP) proposal. Attending the event were (from
left, seated) AIC FVP & Head of Investments Frocks M. Roque, AIC VP & Head of
Water Business Eduardo V. Aboitiz, Iloilo City Mayor Jerry P. Treñas, AIC
President & CEO Cosette V. Canilao, and Iloilo City PPP Office Head Atty. David
Abraham G. GarciaAboitiz InfraCapital (AIC), the infrastructure arm of the
Aboitiz Group, is advancing in its plans to guarantee long-term water security
and resilience in Iloilo City and province, following its receipt of Original
Proponent Status (OPS) for its proposal to develop the Iloilo Bulk Water Supply
Public-Private Partnership (PPP) project.

The OPS was awarded to AIC in a ceremony at Iloilo City Hall last May 15, 2025
attended by the City and AIC officials, including Iloilo City Mayor Jerry P.
Treñas and AIC President & Chief Executive Officer Cosette V. Canilao.

This milestone underscores the steady progress of a well-managed PPP process,
highlighting the joint efforts toward a long-term, sustainable water solution
that complements the city’s existing and planned water infrastructure.

> “This is a major step forward in strengthening Iloilo’s water security and
infrastructure resilience. We are honored by the city’s trust given to us
through the OPS, and we are committed to working closely with our partners to
co-create a future-ready water system for all Ilonggos,” Canilao said.
OPS is granted to the proponent of an unsolicited proposal after successful
negotiation with the proposal’s Implementing Agency, acknowledging the
proponent’s proposal as qualified.

In his remarks, Mayor Treñas emphasized the need for water redundancy as a
critical component of Iloilo City’s economic expansion. In 2023, Iloilo City was
named Western Visayas’ fastest-growing economy after posting a 10.5% increase in
its gross domestic product, fueled by a robust services sector.

“The need for water is really tremendous. And we can see that even with a
desalination plant —because of rapid growth—we will continue to need additional
water,” Mayor Treñas said.

A sustainable water solution for Iloilo

The awarding of OPS to AIC reflects the merit of its bulk water supply project,
which offers a technically sound, financially viable, and socially responsive
solution to Iloilo’s urgent water needs by meeting the region’s current and
critical demand-supply gap.

Once completed, the project will deliver long-term water security through the
development, operation, and maintenance of new water infrastructure designed to
meet the demands of a growing population and expanding Iloilo economy.

“Iloilo’s growing water concerns need urgent, collaborative solutions. A
resilient water system with multiple players working together is key to ensuring
that communities, businesses, and industries can thrive,” said AIC Vice
President and Head of Water Business Eduardo V. Aboitiz.

The PPP process provides an opportunity for other qualified parties to submit
comparative proposals during the Swiss Challenge stage—a competitive bidding
process ensuring transparency and fairness.

Reliable & consistent supply, improved water quality for Ilonggos

AIC’s bulk water supply project involves diverting water from a raw source
through a water intake facility. Following a thorough treatment process, the
treated water will be delivered to different city off-takers.

This project, with a capacity of 86 million liters per day (MLD) of potable bulk
water, directly enables a wide range of socio-economic drivers for the city,
including a reliable and consistent water supply, improved water quality, and
support for local and economic growth.

Further, AIC’s commitment to sustainability and local partnerships ensures that
the project aligns with national and regional development goals.

AIC’s water subsidiary, Apo Agua Infrastructura, Inc., jointly operates with the
Davao City Water District the Davao City Bulk Water Supply Project (DCBWSP) -
the country’s largest bulk water supply facility, which delivers 300 MLD of
clean and potable water.

The DCBWSP was named the Best PPP in the Philippines by the UK-based
International Finance Awards, a prime example of the transformative potential of
PPPs in driving sustainable urban development.

Aboitiz Eyes

The April-May warm season in the Philippines signals the end of the school year
when students spend most of their time at home. This also means a surge in
energy consumption in households Davao Light encourages mindful use of
electricity during the school break, even with the rate reduction for May 2025.

Applicable to bills received from May 12 to June 10, the overall residential
electricity rate dropped to PHP9.1053 per kilowatt hour (kWh)—a PHP0.4461/kWh
decrease from April’s PHP9.5514/kWh. The adjustment is due to lower power supply
prices from the Wholesale Electricity Spot Market (WESM), where Davao Light
sources part of its power requirement. The decrease in WESM price is brought
about by a higher power supply, more than the demand. The dry season has
increased the demand, but the fewer plant outages allowed higher supply
availability, thus the lower prices across all grids.

The lower May 2025 rate translates to around PHP89.22 bill decrease for a
household consuming 200 kWh using essential appliances such as a refrigerator,
light bulbs, electric fans, a television, a rice cooker, a washing machine, and
an iron.

“Despite the expected higher power demand during the warm and dry season, we
have lower power supply prices,” said Fermin Edillon, Davao Light Marketing and
Communications Department Head. “However, it is the school break, and the
combination of students staying home and the intense heat or humidity leads to
increased use of various screens, gadgets, cooking appliances, and cooling
units, which could cause high electricity bills.”

“Last month, we recorded a 540-megawatt (MW) demand in our franchise area. This
is Davao Light’s highest recorded power demand,” Edillon added.

With this, Davao Light urges customers to manage power consumption efficiently
to avoid high electricity bills. The power utility shares practical ways to
conserve energy during the school break:

1. Unplug unused appliances and devices. Appliances or electronic devices
consume electricity even when turned off, but are still plugged into a power
outlet.

2. Maximize fresh air and natural light. Open windows and curtains during the
cooler hours of the day. Let sunlight brighten spaces and air circulate inside
the home.

3. Use electric fans. Since fans consume less power than airconditioning units
(ACs), it is best to use them. However, when ACs are indispensable, reduce the
frequency and duration of use to save on power costs.

4. Ditch the water dispenser. Hot and cold water dispensers use electricity
continuously to keep water at the desired temperatures. Store cold water in
bottles in the refrigerator and hot water in a vacuum flask instead.

5. Avoid using several appliances in different rooms. Family members should
gather in one area to maximize lighting, a cooling appliance, and a screen. When
watching alone, use small screens such as tablets or mobile phones, as larger
screens consume more power.

Davao Light customers may check the company’s official Facebook page
[https://www.facebook.com/DavaoLightOfficial], @DavaoLightOfficial
[https://www.facebook.com/DavaoLightOfficial], for more energy conservation
tips.

An Aboitiz Power Corporation subsidiary, Davao Light aims to provide its
customers with a front-seat vantage point regarding its services, including the
sourcing and pricing of its electricity. This is in line with the mission of the
company to deliver, at the most reasonable cost, safe and reliable electric
service to the people and businesses it serves.

Power

As May 2025 Power Rate Drops, Davao Light Shares More Energy-Saving Tips

A MILESTONE FOR FILIPINO TALENT. U.S. Ambassador to the Philippines MaryKay
Carlson joins Fulbright Philippines Executive Director Julio Amador III,
Fulbright Board Chair Jessica Simon, Aboitiz Foundation Chairman Sabin Aboitiz,
and Aboitiz Foundation President Ginggay Hontiveros-Malvar as they seal a
partnership to develop globally competitive Filipino leaders through education
and training opportunities in STEM. The collaboration underscores a shared
commitment to empowering future generations with global perspectives and
expertise. (Photo from the US Embassy in the Philippines)Aboitiz Foundation has
partnered with Fulbright Philippines to nurture the next generation of globally
competitive Filipino leaders, especially in science, technology, engineering,
and mathematics (STEM). This collaboration opens new avenues for Filipino
students to pursue advanced education, training, and research in the United
States, equipping them with the skills and perspectives needed to uplift
communities and drive national progress.

At the heart of this partnership is a shared belief: that education is the most
powerful catalyst for meaningful change. For Aboitiz Foundation, this belief has
long guided its initiatives to foster inclusive growth and sustainable
development. Through this alliance with Fulbright, Aboitiz Foundation
strengthens its commitment to developing Filipino Future Leaders with
world-class talent capable of leading in an increasingly dynamic,
technology-driven world.

“Our collaboration with Fulbright is anchored on a shared vision: to cultivate
globally competitive Filipino talent who will drive meaningful change back
home,” said Sabin Aboitiz, Chairman of Aboitiz Foundation. “Education is the
most powerful tool for progress. By investing in our scholars’ global exposure
and expertise, we’re investing in a better Philippines—one that is ready to lead
in a dynamic, technology-driven world.”

This vision is brought to life by individuals like Maria Janela Cantre, a
Fulbright alumna who now plays a key role in the strategy team of AboitizPower,
the energy arm of Aboitiz Equity Ventures. Her journey reflects the
transformative potential of global learning experiences. “Fulbright gave me the
global perspective and training to contribute meaningfully to the energy sector
back home. Now, at AboitizPower, I get to support nation-building through
reliable and sustainable energy. It’s truly fulfilling to see Fulbright and
Aboitiz Foundation come together to create more opportunities for future
leaders,” she shared.

U.S. Ambassador to the Philippines MaryKay Carlson exchanges insights with
Aboitiz Foundation Chairman Sabin Aboitiz on the importance of global education
in empowering Filipino leaders to drive national progress. (Photo from the US
Embassy in the Philippines)More than just a partnership, this collaboration
symbolizes a long-term investment in human capital. By providing Filipino
students with access to world-class education and research opportunities,
Aboitiz Foundation and Fulbright Philippines are empowering future leaders to
bring back knowledge, expertise, and global insights that will benefit Filipino
communities and industries.

"For the United States, investing in STEM education strengthens our economic
ties with the Philippines and supports U.S. industries operating in the region,
especially in energy, technology, and research,” said Ambassador MaryKay
Carlson.

As the Philippines navigates rapid technological and societal changes,
initiatives like these are essential in building a resilient, future-ready
nation. Aboitiz Foundation expresses its deep appreciation to Fulbright
Philippines and the U.S. Embassy for this opportunity to collaborate on a
transformative endeavor, confident that its impact will resonate far beyond the
classroom—shaping the country’s progress for generations to come.

“We at PAEF and the Fulbright Program believe that the private sector plays an
important role in national development by providing opportunities for Filipinos
to attain graduate degrees, conduct research, and join training programs in the
fields of STEM, energy, natural resources, sustainability, and environmental
protection. This MOU with Aboitiz Foundation Inc. is historic because it is the
first such partnership with a private sector foundation in the country,” said
Julio Amador III, Fulbright Philippines Executive Director.

Aboitiz Family & Firm Educational Series from Enrique Aboitiz Mendieta

Washington: A Life and Alexander Hamilton
By Ron Chernow




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As a result of the Trump victory, I went back a few hundred years to see how
these men thought about America. Reading both these books was enlightening.
Reading G. Friedman's 80-year thinking adds to the perspective to help us think
what the next will be like.
Happy learning!



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‌Listen to a sample of these bookß on Audible.
 * Washington: A Life
   [https://www.audible.com/pd/Washington-Audiobook/B0044EMDEO]
 * Alexander Hamilton
   [https://www.audible.com/pd/Alexander-Hamilton-Audiobook/B002UZLEFS]

Disclaimer: The Aboitiz Eyes team is not affiliated with any party or product
mentioned in this content and does not receive any compensation or financial
benefit from the inclusion of product links. The links provided are for
informational purposes only and are not endorsements.

Endika Aboitiz

EMA's 2025 Reads: Ron Chernow

Dear Shareholders,
2024 was the year we became a techglomerate. And like all
meaningful transformations, this one wasn’t marked by a single
moment—but by a series of decisions that signaled a shift in how
we see ourselves and how we create value.

Over the past few years, we’ve spoken often about our Great
Transformation. We began moving from believing in change
to behaving differently. In 2024, we saw signs of becoming the
future-focused organization we envisioned. We didn’t just dream
about transformation—we are making it happen.

Last year, we were awarded the Laguindingan and Bohol-Panglao airports, and
began management in 2025, extending our capabilities in nation-building
infrastructure. We welcomed
Coca-Cola into the Aboitiz Group with a great partner, CCEP,
giving us a powerful foothold in the consumer sector. We
ventured into LNG, via our 40% stake in Chromite Gas Holdings
Inc, enhancing our energy portfolio. We launched the Aboitiz
Foods identity, giving form to a revitalized business with renewed
ambition. We completed the full integration of Citi’s retail
business into UnionBank. And we initiated leadership transitions
across AP, UnionBank, Aboitiz Land, and Aboitiz Data Innovation
to ensure we have the right people at the helm as we accelerate
into the future.
These were not incremental steps. They were defining moves
that restructured our portfolio, expanded our reach, and
reshaped the mindset of our organization. Yet as any seasoned
investor knows, transformation doesn’t stop at ambition—it
must translate into performance.

And here, the truth is clear: while we’ve made progress, we are
not yet where we want to be.

Returns are improving, but they remain below expectations. 
And our businesses—while evolving—are still too complex.

"We ventured into LNG, via our 40% stake in Chromite Gas Holdings Inc, enhancing
our energy portfolio.""Some of our biggest opportunities—like power
privatizations, our foreign investments, and our capital-raising plans—carry
uncertainty. But the greater risk is standing still. We move forward, eyes open,
with a balanced view of ambition and discipline, and a firm belief in the power
of execution."By acquiring a stake in CCBPI, AEV expanded into consumer goods
and strengthened business synergies, prompting a rebrand to Coca- Cola
Europacific Aboitiz Philippines Inc. in early 2025.2025: Being a Techglomerate
2025, then, must be the year of acceleration.
The year of execution. The year of Being a
techglomerate.

We will simplify. Too many of our business
units have grown into “mini-conglomerates,”
adding layers of complexity that slow us down.
We must cut through the noise to create focus,
clarity, and efficiency.

We will connect the dots. Our businesses are
becoming an interconnected ecosystem where
insights, capabilities, and opportunities flow
more freely across the Group. A new Synergy
Office is unlocking these connections, enabling
everything from shared infrastructure and
talent strategies to integrated data systems
that help us make smarter, faster decisions.
Data-sharing across business units is beginning
to uncover operational efficiencies, customer
insights, and cross-sector innovation we’ve
only begun to tap. This is how we turn our
scale into a true advantage—and how we’ll
accelerate value creation from the inside out.

And we will explore bold, breakout moves.Our CEOs are pursuing strong,
well-planned
strategies—but linear plans alone won’t get
us to our targets fast enough. We’re exploring partnerships, restructurings, and
new models that could reimagine our path to value creation. Like with Coca-Cola,
where bringing in a world-class partner unlocked enormous potential—we believe
this “Coke Model” can be applied elsewhere, from banking to infrastructure to
food. 

This mindset—simplify, connect, reimagine— will define us in 2025 and beyond.

A Future We Are Building Together
As we step into this new chapter, we do so with
a sharper sense of who we are:
We are not a traditional conglomerate.
We are not a holding company.
We are a techglomerate—a unique ecosystem
of businesses advancing innovation,
sustainability, and impact, powered by a
people-first culture and an insight-driven
portfolio strategy.

Our teams across the Group are embracing
AI, harnessing data, and pushing boundaries.
We’ve embedded transformation metrics into
scorecards, created foresight capabilities to
anticipate change, and aligned business units
around core strategic goals. Sustainability is
not a sidebar—it’s built into how we think,
how we act, and how we invest.

In 2024, we advanced several renewable energy projects and supported climate
resilience
efforts in our host communities, reinforcing our long-standing commitment to
people, planet,
and prosperity.

But more than tools or strategies, our greatest transformation is cultural. And
like all
meaningful change, it’s still in its early stages. Across the Group, new people
are joining—some
unfamiliar with our culture, others already aligned. This mix brings its own set
of challenges
and opportunities. 

We are building a workplace where curiosity is encouraged, ownership is
expected, and collaboration becomes second nature—but we are not there yet.
What’s clear
is that our people are the heart of our transformation. As we always say:
transformation starts
with you and me—and we are rising to the challenge.
And with transformation come real risks. Some of our biggest opportunities—like
power
privatizations, our foreign investments, and our capital-raising plans—carry
uncertainty. But the
greater risk is standing still. We move forward, eyes open, with a balanced view
of ambition and
discipline, and a firm belief in the power of execution.

To our shareholders, your continued belief in this journey gives us the license
to keep pushing
forward. You have trusted us to be bold. You have supported us through
disruption. And we
intend to reward that trust with performance, discipline, and long-term value.

Let’s keep connecting the dots—between what we dream and what we do, between
people and
purpose, between capital and impact. The future isn’t waiting. It’s ours to
build.

Sincerely,

Sabin

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 [https://aboitiz.com/corporate-governance/aboitiz-integrated-report]

In celebration of Mother’s Day, we honor the women in Aboitiz who navigate two
deeply demanding worlds, home and work, showing us that strength is not about
doing it all alone, but about knowing when to lean on others, when to pause, and
how to move forward with purpose.

We spoke with three moms who shared what it really takes to balance it all:
Bianca Gempesaw, Transformation Officer from the AEV Transformation Team and mom
of two (ages 2 and 9 months); Gab Saqueton, AVP for Corporate Strategy and mom
of a two-year-old; and Ann Arribas, AVP for CIS Governance and Compliance and
mom of three (ages 20, 18, and 11).

Their stories are woven into the broader journey of the Aboitiz Group's Great
Transformation and demonstrate how transformation transcends business evolution.
At its heart, it's about supporting the people, especially those who lead both
at home and in the workplace.

Returning and Reinventing: The Challenge of Coming Back
Returning from maternity leave was a turning point for all three women, each
navigating different challenges but sharing a common thread: the need for
support and self-compassion. 

Bianca described the inner pressure to prove her capability: “The hardest part
was the pressure I put on myself to prove I could handle it all. I worried
others might see moms as weak, when the truth is the opposite.”

Gab faced the emotional challenge of separation anxiety but was grateful for a
team that gave her space to ease back in.

For Gab, returning to work meant rebuilding her rhythm while learning to give
herself grace, and realizing that with the right support, confidence comes back,
too.

Ann shared memories of her early career, a time before inclusive parental
support policies existed, describing the challenges and barriers working moms
faced:

“I often had to find hidden corners in the office just to pump milk. Those early
days were tough but taught me resilience and determination.”

These stories reveal that while returning is a personal journey, workplace
culture, especially one driven by values of empathy, flexibility, and support,
has played a crucial role in making the transition smoother.

Moments of Strength and Joy: What Keeps Them Going
What fuels their perseverance are the moments, big and small, that remind them
they’re making it work. For Bianca, every milestone her children achieve feels
like proof of her dedication. Gab finds motivation when her son breaks into song
unexpectedly, a simple joy that reminds her he’s thriving.

And for Ann, who was away during the early years of their childhood, sees her
children’s achievements as quiet affirmations:

“Love, consistency, and presence—no matter the form—make a lasting impact.”

Asked how her son might describe her job, Gab shares: “... It’s funny and sweet
because he seems to get that I’m doing something important. Someday, I hope
he’ll say, ‘My mom is helping build a techglomerate,’ but for now, I’ll happily
take ‘Mommy typing.’”

For Bianca, she imagines her kids might describe her:

“That their mom uses shapes, letters, and numbers to help others understand a
vision or goal the company wants to do or teach.”

Bianca credits her strong family network for stepping in whenever work demands
more, allowing her to balance her roles with confidence and peace of mind.

Support Systems: The Villages That Make It Possible
None of them are doing it alone, and it’s clear that their success relies on
strong support systems. Bianca leans on her extended family, whenever she
travels for work. Gab credits her husband, who adjusted his own career to
co-manage their household:

“My husband is my number one support system. Before I gave birth, he
transitioned to remote work so he could take on a bigger share of the household
responsibilities.”

Ann reflects on how her household has evolved, with her children stepping up and
her husband playing an equal role. Their experiences highlight how personal and
institutional support intersect.

These personal stories align with Aboitiz’s broader vision of building a
sustainable and inclusive workplace, where transformation is not just about
technology and processes, but about nurturing a resilient, empowered community.

Identity, Growth, and the Bigger Picture
Beyond motherhood, these women are leaders, mentors, and team players. Bianca
says work helped her reconnect with her identity; Gab emphasizes her roles as
wife, daughter, and friend to stay whole; and Ann draws parallels between
leading a team and raising a family, showing that strong leadership principles
apply everywhere.

Bianca hopes her children and colleagues see that boundaries and balance matter: 
 “Lead with intention, creativity, and strength—but know when to pause. Life
isn’t just about work.”

Gab wants others to know the power of community and growth: “It’s okay to ask
for help. Sometimes, unlearning old habits is just as important as learning new
ones.”

Ann’s hope is simple but powerful: “No woman who chooses both a career and
motherhood should ever have to face the painful choice of giving up one for the
other.”

Ann sees leadership at work and at home as deeply connected, grounded in shared
purpose, respect, and a commitment to growth for everyone involved.

Motherhood in their own words
We asked each mom to complete the sentence: “Motherhood has taught me...” Here’s
what they shared:

Bianca: “...to face challenges with grace and resilience… even on three hours of
sleep, when my kids turn me into a human obstacle course, and work feels
never-ending.”

Gab: “...to be more intentional with my time and energy.”

Ann: “...that love, consistency, and shared purpose, both at home and at
work—make everything possible.”

Together, their stories remind us that real leadership blends ambition with
care, and that in a company undergoing its Great Transformation, true progress
means creating space where every team member, especially working moms, can
thrive and grow.

Have you greeted “Happy Mother’s Day” to a colleague yet? It’s not too late!
Today’s a perfect reminder to appreciate the moms who bring care, resilience,
and strength to both home and workplace.

AEV Moms On Transformation For Work, Motherhood, And Everything In Between

Earl Gio Manuel

ADVANCING MINDANAO’S TRADE INFRASTRUCTURE. Aboitiz Construction completed the
Lagonglong Port project in partnership with AMADI MGT Terminals Inc., boosting
logistics efficiency and trade capacity in Mindanao.Aboitiz Construction
successfully completed the Lagonglong Port project for AMADI MGT Terminals Inc.,
strengthening its commitment to infrastructure development and economic growth
in Mindanao. The private commercial port, located in Lagonglong, Misamis
Oriental, included the construction of dock facilities, storage areas for
perishable goods, and the installation of loading and unloading equipment.

With a handling capacity of up to 3.3 million metric tons of bulk cargo
annually, the new port is poised to streamline logistics for transporting
agricultural products and raw materials, strengthen regional trade capacity, and
create employment opportunities for the local community. The berth measures 23
meters in width and 250 meters in length, with a seabed elevation of -21 meters
from mean lower low water (MLLW), allowing it to accommodate larger vessels and
support efficient cargo handling operations.

As the official contractor, Aboitiz Construction deployed up to 300 workers
during peak construction periods, highlighting its dedication to creating local
jobs.

“We are not just building a port; we are fostering economic growth and job
creation. Our commitment to operational excellence drives us to continue our
partnership with AMADI in advancing both business and communities,” said Aboitiz
Construction’s Chief Operating Officer Ramez Sihom.

The groundbreaking ceremony, held in January 2024, was attended by prominent
figures including Senator Juan Miguel Zubiri, Agriculture Secretary Francisco
Tiu Laurel Jr., Misamis Oriental Governor Peter Unabia, Congressman Christian
Unabia, and Lagonglong Mayor Jay Albert Puertas, along with senior executives
from AMADI MGT Terminals Inc. and Aboitiz Construction.

Aboitiz Construction, a trusted partner in marine infrastructure, continues its
long-standing partnership with DICT Bulk Terminal, Inc. through the construction
of a fifth berth at the Davao International Container Terminal—reinforcing its
role in enhancing port efficiency and supporting the nation’s growing logistics
and trade demands.In marine works, Aboitiz Construction signed a partnership
with DICT Bulk Terminal, Inc. in October 2024 to develop a new berth dedicated
to cement shipments at the Davao International Container Terminal (DICT) in
Panabo City, Davao del Norte. This project marks the construction of DICT’s
fifth berth and is targeted for completion within the year. The facility will
primarily accommodate cement and cementitious materials, further supporting the
region’s infrastructure and development needs.

Aboitiz Construction has been a long-standing partner of DICT, having built all
four of its existing berths—the latest of which was completed in 2021. That
project notably enhanced operational efficiency by reducing vessel turnaround
times and increasing the terminal’s capacity to handle agro-industrial goods.
This continued collaboration demonstrates Aboitiz Construction’s marine
infrastructure expertise and its commitment to advancing the country’s logistics
and trade capabilities.

In addition to marine infrastructure capabilities, Aboitiz Construction
previously completed major projects in Balamban, Cebu for Tsuneishi Heavy
Industries. These included a 100-hectare shipbuilding facility and the Pier Head
and Admin Building Project, which involved extensive reclamation works, a
causeway, and various support facilities.

These projects underscore Aboitiz Construction’s capability in delivering
large-scale marine works that support nation-building and industrial growth.

Construction

Aboitiz Construction Completes Lagonglong Port Project In Misamis Oriental

Aboitiz Construction marked Labor Day with a nationwide recruitment drive in 13
locations, attracting more than 800 applicants—contributing to local employment
and national development.In celebration of Labor Day, Aboitiz Construction
launched a nationwide recruitment drive across 13 key locations in the country,
drawing strong interest from job seekers across various regions. The activity
aimed to provide employment opportunities for skilled workers and professionals
in the construction sector, with over 800 individuals applying for various
roles, with 93% currently undergoing evaluation for potential placement in
ongoing and upcoming project sites nationwide. 

The recruitment activities were simultaneously held in Brgy. San Miguel in
Tarlac City; NAC Tower in BGC, Taguig City; Brgy. Alasasin in Mariveles, Bataan;
Brgy. Poblacion 4 in San Jose and Brgy. Poblacion B in Rosario, both in
Batangas; Brgy. Cale in Tiwi, Albay; Robinsons Place in Iloilo City; SM Seaside
and the Aboitiz Corporate Office in Cebu City; Robinsons in Butuan City; SM CDO
in Cagayan de Oro City; Robinsons Iligan City in Lanao del Norte; and Aboitiz
Construction’s Calinan Office in Davao City.

A variety of positions were offered during the activity, including scaffolders,
masons, mechanical technicians, civil engineers, and safety inspectors. Other
positions are intended for manpower pooling in preparation for future projects.
The successful implementation of the initiative was made possible through
partnerships with the Department of Labor and Employment (DOLE) in Regions 6, 7,
10, and 13; Public Employment Service Offices (PESO) in Tarlac, San Jose, and
Iligan City; as well as barangay officials and project partners.

“This Labor Day, we are proud to create pathways for employment and career
growth for Filipinos. Through efforts like this, we affirm our commitment to
building a highly capable workforce that supports both our projects and the
communities where we operate,” said Raizza Manuel, Senior Assistant Vice
President for People and Corporate Shared Services at Aboitiz Construction. “The
recruitment drive is an important part of Aboitiz Construction’s broader efforts
to empower local talents and contribute to national development through job
creation and skills training.

Aboitiz Construction Holds Nationwide Labor Day Recruitment Drive

> As we look ahead, our challenge is not only to understand what is changing, but
why. The shifts we are experiencing didn’t begin yesterday but are part of a
broader evolution shaped by the hard-earned lessons of recent years.
We Invite You To Bet With Us!


Dear Fellow Stakeholders,
Half a decade after Covid, we find ourselves navigating a world filled with
increasing uncertainty and increasing complexity, both of which bring us more
opportunity. What Aboitiz has learned from over 150 years of doing business in
the Philippines is that chance favors the prepared. Being ready is what matters
most as we adapt to change at the optimal moment. If adaptation is evolution’s
test for survival, then optimal adaptation is man’s test to thrive. As an
institution, we must strive to thrive by being prepared and adapting
continually.

A flexible structure that adapts quickly has taken Aboitiz to where it is today.
We operate with a governance and management structure at the helm of a team that
adapts to remain relevant and competitive. This structure drives our behavior of
cultivating committed shareholders who reinvest, stay the course, and pass their
shares and values on to their children. We will continue to work as a team with
adaptation pains to remain relevant, competitive, dynamic, and evergreen.

Our strategy is to focus on gaining competitive edges by doing what few can. It
has guided our decision to divest a quarter of our power holdings, enabling us
to invest in the retail business of our financial services group, our airport
ventures, and Coca-Cola. All three areas are bets on the rising middle class,
both in the Philippines and across the region.

We are betting that our three economic pillars, overseas workers, ICT BPO, and
more and more tourism will drive the expansion of consumption for more and more
of our people. We are betting that more and more of our Southeast Asian and
Asean neighbors, as well as those from further out, will visit our spectacular
country, pass through our airports, and consume power while experiencing
Philippine hospitality as they enjoy a Coca-Cola. We are betting that
infrastructure will be built at an increasing pace. Will that building be as
fast as our neighbors? We hope so but bet that it will be sufficient.

“How are we adapting to thrive in a world of geopolitical and micro-political
chaos?” is the question we must keep asking ourselves. This report will offer
some pertinent answers and highlights. As we look ahead, our challenge is not
only to understand what is changing, but why. The shifts we are experiencing
didn’t begin yesterday but are part of a broader evolution shaped by the
hard-earned lessons of recent years.

On behalf of the Board and management of the Aboitiz Group, thank you for your
continued trust and confidence in us to do what is right to grow your company.
We are determined to stay ahead by maximizing opportunities, strengthening our
partnerships, and leading with impact. Bet with us.

Mabuhay!

Endika



--------------------------------------------------------------------------------

Learn more about the Group's 2024 operational and financial performance in the
2024 Aboitiz Integrated Report. Download here
[https://aboitiz.com/corporate-governance/aboitiz-integrated-report] or click
the image below.
 [https://aboitiz.com/corporate-governance/aboitiz-integrated-report]

AIR 2024: Message From The AEV Chairman

Aboitiz Family & Firm Educational Series from Enrique Aboitiz Mendieta

Retribution: The Battle for Japan, 1944 - 45 
By Max Hastings



--------------------------------------------------------------------------------



History reviewed decades after initial perceptions adds deeply to our
understanding of events. Might Truman had not dropped the bomb if Japan did not
create the environment and thinking? Or he would have anyway to show the power
of his new weapon?
I  think you will find these varied perspectives enriching.



--------------------------------------------------------------------------------

Listen to a sample of this book on Audible.
[https://www.audible.com/pd/Retribution-Audiobook/B015ESQZ6K]
Disclaimer: The Aboitiz Eyes team is not affiliated with any party or product
mentioned in this content and does not receive any compensation or financial
benefit from the inclusion of product links. The links provided are for
informational purposes only and are not endorsements.

EMA's 2025 Reads: The Battle For Japan

> I don’t consider the traditional career ladder as success... Instead of planning
your career, focus on developing skills and pursuing opportunities.
At Aboitiz, transformation is a mindset and for Kiara Rioferio, that mindset was
rooted in her experience in HR. Today, as a Corporate Strategy Manager at
Aboitiz Equity Ventures, she crafts big-picture strategies, guided by a core
belief: people are at the heart of any meaningful change.

Kiara at the pilot run of the first Foresight workshop for AEV in June 2024,
working alongside the Transformation, Strategy, and Risk teams for this
milestone exercise.Starting with People
Kiara studied psychology without a clear career path in mind. But during her
on-the-job training, the corporate setting called to her, specifically, the
opportunity to support the 90% who appear “okay” but might be silently
struggling. Thus, her early HR days were filled with quiet conversations,
moments of trust that shaped her people-first compass.

“Many people hope for HR to be their refuge, especially when they can’t find
safe spaces elsewhere at work. Yes, we have multiple programs for employees, but
looking back, the biggest moments were conversations I’ve had with people. These
were moments of vulnerability, of trust, of confidence.”

Taking the Leap
Kiara’s pivot from HR to business transformation wasn’t accidental. While still
in HR, she immersed herself in innovation work, earned her Lean Six Sigma Green
Belt, and drafted related future roles for herself in Hedcor’s 2020 Career Path
Program. When AP launched the Innovator’s Tribe, she joined instinctively,
‘lukso ng dugo’ driven by preparation, curiosity, and grit.

“I had imposter syndrome. But even if I had to rewind everything, I’d still
choose this path over staying safe in HR.”

She started with A-trepreneur and Novel Protein in the Foundry, then continued
to Core Transformation programs and Foresight, pushing her beyond her comfort
zone.

Kiara with the Foresight Team during the Strategy Open House in November 2024,
where the team shared insights from the pilot run with Aboitiz Group leaders.
Later that year, they received the Local Team Award under the Integrity
category.Connecting the Dots
Now in Corporate Strategy, Kiara brings together her HR empathy and innovation
mindset. While others see HR, Transformation, and Strategy as separate tracks,
she sees a throughline.

“At first glance, HR, Transformation, and Strategy seem unrelated. But the
common thread is people. With the right mindset, support, and vision, people
will execute and deliver.”

Her operations background helps her stay grounded. And her biggest asset? The
ability to read the room and navigate people through change, skills first
sharpened in HR. She emphasizes that success in strategy isn’t just about good
ideas, it’s about enabling people to act on them.

“It doesn’t matter how sexy the ideas sound if you’re not able to get people to
do what you want them to do.”

Kiara during the Foresight workshop, tasked with scanning news and macro trends
as part of developing foresight capabilities to track global shifts and emerging
signals.Growth Through Change
Kiara’s journey hasn’t followed a traditional ladder, and that’s exactly the
point. She believes focusing too much on a fixed plan can be limiting. Instead,
she encourages peers to develop capabilities and stay alert for the next
opportunity.

Those capabilities led her to start Silingan Kofi, a small home cafe inspired by
a local gap in the market. It was a weekend idea-turned-business, built on quick
feedback and iteration. The entrepreneurial mindset she demonstrated didn’t come
out of nowhere – it was shaped by her time in the Transformation Team.

“I think unconsciously I’m still using the frameworks we learned… Business Model
Canvas and the Value Proposition Canvas. What helped me is the speed of
execution and getting faster feedback loops. Less overthinking and more
execution.”

Redefining Identity and Trusting the Unknown
The biggest shift, she says, came in how she viewed herself

“Once I stopped seeing myself just as an HR person, I saw that my strengths as
Kiara can be applied to whatever situation I get thrown into.”

Kiara is no longer fixated on knowing what’s next. Instead, she trusts the
process of continuous learning, both in her work at AEV and in her
entrepreneurial journey. For those walking their own paths at Aboitiz, she
encourages us to embrace the unfamiliar through micro-changes: those small,
intentional tweaks that train us to live with uncertainty,

“Start with small changes so you can get used to uncertainty. Talk to someone
from a different team. Ask a question during the town hall. Create a custom GPT.
Create a new pre-work ritual. Listen to a new artist. Anything. Just
continuously inject micro changes into your day and subject yourself to
uncertainty.”

With Kiara, the message is clear: your career doesn’t have to follow a straight
line. You just have to stay open, stay curious, and be ready when the moment
comes.

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MCIA Leads PH Airports Toward Sustainability with Electric Ground Support Equipment
Read full story

Iloilo Bulk Water PPP Advances as Aboitiz InfraCapital Awarded Original Proponent Status
Read full story

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Read full story

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