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.
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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 or click the image below.
