AE Team, Franz de la Fuente, and Leene Camo | May 21, 2018
Aboitiz Equity Ventures and AboitizPower held their respective 2018 Annual Stockholders’ Meeting on May 21 at the Fairmont Hotel in Makati City. (Scroll down to view the recorded live stream.)AEV and its strategic business units aim to spend PHP77.6 billion in capital expenditures amid vibrant growth opportunities at home and abroad while taking advantage of opportunities to mirror the company’s thrust of advancing business while developing communities.
Our outlook remains positive and we remain committed to grow and expand our businesses while keeping within our financial and risk parameters. We aim to deliver on our brand promise of advancing business and communities through the various products and services we provide.
–Erramon I. Aboitiz
President and Chief Executive Officer
Aboitiz Equity Ventures
Meanwhile, AboitizPower’s balance sheet remains strong, ensuring stable returns for its shareholders, as well as sustained benefits for its stakeholders. And the key to this sustained growth, according to it AboitizPower President and COO Antonio R. Moraza, are the AboitizPower team members.
ARM highlighted the success of the 1AP initiative, reiterating that while it seemed overambitious in the beginning, it contributed significantly in making AboitizPower a more cohesive unit that will remain steadfast in advancing business and communities.
Our biggest competitive advantage has always been our team and our relationship with our stakeholders. Now, more than ever, we must work together as 1AP alongside our partners and stakeholders not only for the success of our organization but for the betterment of the communities where we belong.
–Antonio R. Moraza
President & COO
AbotizPower
UnionBank aims to sustain its digital transformation of existing branches and is studying the possibility of building 10 “lite” versions of The ARK, its fully-digital concept branch.
Pilmico will continue supporting the backyard sector and venture into the retail market through its egg and meat depot in Tarlac, which was opened in late 2017. Two more depots are in the pipeline to give customers direct access to quality Pilmico Farms products.
Aboitiz InfraCapital maintains a keen interest in airports and will decide on concrete plans based on actual bidding terms once made available by the government while Apo Agua’s bulk water supply project will conclude the final stages of its documentary requirements as it expects the Department of Agrarian Reform to soon conduct site inspections. Republic Cement, anticipating strong demand, plans to expand its Luzon kilns and grinding capacity over two years, and debottlenecking activities have already started and will be completed in phases.
AboitizLand’s expansion efforts in Luzon and Mindanao is capitalizing on strong residential and retail demand. The Outlets at Lipa, as an example, is set to open in the first half of the year. The company also plans to develop a mid-market residential project in Mindanao.
With all these developments in the offing, EIA summed up that core values, purpose, brand, and culture will further define the Aboitiz organization towards a synergy that will bring out the Aboitiz Way in each one with consistency and authenticity.
Click the image below to read the AEV-AP Annual Report 2017.
Giving Shareholders the ABC Experience
Outside the meeting hall, discussions were matched by feature booths by Aboitiz Group SBUs, showcasing how each promotes the Group’s brand promise advancing business and communities.
AboitizPower’s Cleanergy Center booth gave visitors an overview of the importance of clean and renewable energy.
UnionBank’s GlobalLinker desk introduced the bank’s online market platform for MSMEs. (Know more about GlobalLinker program here.)
AboitizLand’s booth for its latest Luzon-based development, Seafront Residences, drew in guests who were interested in knowing more about the designed living spaces the company currently has.
Lastly, AEV’s A.Lab and digital transformation section previewed some of the new agile workplace highlights of the organization’s headquarters at NAC Tower, particularly, 3D printing.
Watch our special video feature on the agile workplace in Aboitiz.
Watch the AEV and AP ASM 2018 below: