Maynilad Water Services, Inc. · PSE:MYNLD
Maynilad Water Services — 1H 2026 Earnings Presentation
15 slides from Maynilad Water Services's earnings presentation, June 2026
Slide 1: Investor and Analyst Briefing for the First Half of 2026
INVESTOR AND ANALYST BRIEFING for the First Half of 2026
Slide 2: Notice
NOTICE This presentation is provided for information purposes only. It does not constitute an offer or invitation to purchase or subscribe for any securities of Maynilad Water Services, Inc. (the “Company”) or any of its subsidiaries or other companies it is invested in, and no part of this presenta
Slide 3: Billed volume is at an all-time high growing 2.9% YoY to 280.8 MCM
Billed volume is at an all-time high growing 2.9% YoY to 280.8 MCM MCM 51 49.31 47.92 48 47.52 46.18 46.42 47.13 47.39 47.03 46.67 46.65 45 46.11 45.60 43.42 45.65 45.82 45.21 45.39 42 42.14 Growth Q1 Q2 1H Comparison 39 2026 vs 2025 2.3% 3.5% 2.9% 36 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Slide 4: Operations overview
Operations overview Solid operational performance delivered improved services to customers Water Stringent Leverage Policy to Ensure Financial Sustainability … Non-Revenue Water Water Service Coverage Min 7-PSI 24Hrs Water Availability 9 2,893 MLD (average,%) (% of West Zone Population) (% of West Z
Slide 5: Capital expenditure updates
Capital expenditure updates Maynilad continues to invest heavily in the West Zone Concession Capex is 18.9% higher YoY 30,000 P91.5Bn 25,000 Total Capex in the current Rate Rebasing Period as of end June 2026 20,000 15,000 12,894 P Mn 2023 2024 2025 2026 2027 Q1 YTD 3,003 3,514 4,853 5,415 Q2 YTD 8,
Slide 6: Capital expenditure updates: program delivery on track
Capital expenditure updates Capex program delivery is on track with projects nearing completion Operations Support Wastewater Treatment Water Sources Program NRW Management Program Program Program 29.7% NRW (as of end-June 2026) Modular Treatment Plants in Molino 5.5 MLD – ETC Nov 2026 – 95.33% Para
Slide 7: Financial overview
Financial overview Net Income up 14.0% despite higher operating costs Operating Revenue EBITDA Net Income Cash Opex Service Concession Assets P19.1Bn P13.7Bn P8.5Bn +8.9% +8.1% +4.1% YoY +7.5% YoY +14.0% YoY Impact of higher costs cushioned by Asset growth to P217 Bn 1H2026 71.7% margin 44.5% margin
Slide 8: Financial performance shows sustained growth, expanding profitability, and increasing shareholder returns
Financial performance shows sustained growth, expanding profitability, and increasing shareholder returns Revenue EBITDA and EBITDA Margin1 Net Income 36.6 58% 64% 66% 69% 69% 72% 26% 33% 38% 42% 41% 45% 33.5 +4.1% YoY 25.3 27.3 22.0 +7.5% YoY 15.2 22.9 +14.0% YoY 17.5 12.8 18.4 19.1 13.2 12.7 13.7
Slide 9: Sustained capital investment drives Interim Cash Position growth
Sustained capital investment in the West Zone continues to drive Interim Cash Position (ICP) growth Interim Cash Position (in PHP Bn) (negative in sign) since 2022 2.08x 2.02x 1.71x 1.77x 1.79x 184 164 Under its concession 144 agreement, it is only the 125 Opening Cash Position (OCP) as determined b
Slide 10: Debt profile shows sufficient financing headroom to fund future Capex
Debt profile shows sufficient financing headroom to fund future Capex In PHP Bn Key Debt Analysis 103.9 Stringent Leverage Policy to Ensure Financial Sustainability … 93.2 4% 84.3 5% 6% Debt Metrics / Terms 1H26 FY25 Average Cost of Debt (ex VAT) 6.42% 6.20% 96% 95% 94% Average Remaining Tenor 7.27
Slide 11: Maynilad publicly listed on November 7, 2025 and raised ₱34.3Bn
Maynilad publicly listed on November 7, 2025 and raised ₱34.3Bn The second largest IPO in Philippine history Effective end of market February 27: o MSCI Philippines Small Cap Index – Utilities Sector o MSCI ASEAN Small Cap Index Effective June 22, 2026: o FTSE Global Equity Index Series (Philippines
Slide 12: Maynilad Water Services, Inc.
Maynilad Water Services, Inc. Maynilad Building, MWSS Compound, Katipunan Ave., Pansol 1108 Quezon City, Philippines (+632) 8981-3310 [email protected] https://www.mayniladwater.com.ph/
Slide 13: Annex: Water Security
Annex Water Security
Slide 14: El niño risk mitigation updates
El niño risk mitigation updates Investments in resiliency and significant NRW reduction put Maynilad in a better position to manage El Niño-related water supply risks 220.00 Flood Operation Rule Curve: Angat Elevation 9/17/2026 8:00:00 AM Angat 2026 DEC-APR 212 Meters 208.02 m 210.00 MAY-NOV 210 Met
Slide 15: El niño risk mitigation updates
El niño risk mitigation updates Maynilad is better prepared now compared to the last severe El Niño 14
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