CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Mar 18, 2024
2. SEC Identification Number
34218
3. BIR Tax Identification No.
000-153-610-000
4. Exact name of issuer as specified in its charter
AYALA CORPORATION
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
37F to 39F, Ayala Triangle Gardens Tower 2, Paseo de Roxas cor Makati Avenue, Makati CityPostal Code1226
8. Issuer's telephone number, including area code
(02) 7908-3000
9. Former name or former address, if changed since last report
NA
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares
619,807,425
Preferred A Shares (Reissued)
5,244,515
Preferred B Series 2 Shares
30,000,000
Voting Common Shares
200,000,000
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Ayala CorporationAC
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Clarification of news article entitled, "Ayala sets core net income goal of P65b by 2026 on units’ growth"
Source
manilastandard.net
Subject of News Report
Ayala sets core net income goal of P65b by 2026 on units’ growth
Date of Publication
Mar 18, 2024
Clarification of News Report
This refers to the request of the PSE for Ayala Corporation to clarify the news article entitled “Ayala sets core net income goal of P65b by 2026 on units’ growth” posted in manilastandard.net on March 18, 2024. It was reported in part that:
“Conglomerate Ayala Corp. set a P65-billion core net income target for 2026, up by 58.5 percent from P41 billion recorded in 2023. Ayala said in a recent investor presentation it is betting on the continued growth of core business, while its non-core units are also expected to generate positive contributions to the bottomline.
The conglomerate said it would also scale up its younger businesses including AC Health and ACMobility even as it continues to ‘exit or reconfigure businesses with limited ability to scale and are profitability drags.’
. . . .”
Ayala confirms the quoted information from the news article. However, Ayala would wish to clarify that the 58.5% percent growth from its 2023 core net income to its 2026 core net income target was not mentioned in any of the Company’s previous disclosures. For the PSE’s additional reference, please see attached Ayala’s FY23 Briefing Deck, which is also found in the Company’s website.