Aboitiz Equity Ventures

Overview

Aboitiz Equity Ventures Inc.

former names	Cebu Pan Asian Holdings
type	Public
traded as	philippine stock exchange: AEV
foundation	September 11, 1989
hq location	32nd Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Ave, Makati Central Business District, Makati City, 1226 Metro Manila, Philippines
hq location country	Philippines
key people	* Enrique M. Aboitiz (chairman) * Mikel A. Aboitiz (vice chairman) * Sabin M. Aboitiz (president and CEO) * Toto Hilado (CFO)
num employees	203
revenue	₱302.82 Billion PHP
revenue year	2024
net income	₱18.13 Billion PHP
net income year	2024
assets	₱893.70 Billion PHP
assets year	2024
homepage	https://aboitiz.com/

Aboitiz Equity Ventures Inc. (AEV) is a Philippine holding company based in Metro Manila,[1] with roots from Cebu City.[2] The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Science and Artificial Intelligence.[3] In 2017, the company was ranked 1793rd on the Forbes Global 2000.[4] In 2022, AEV ventured into transforming its organization into a "Techglomerate" - a faster, stronger, and better version of a conglomerate.[5] A techglomerate can refer to a startup tech company that has grown into a conglomerate or a legacy conglomerate that has used technology and startup culture to radically transform the way it behaves and operates. AEV is the latter of the two.[6]

Business Units

Power

Aboitiz Power Corporation is a holding company engaged in power distribution, generation, and retail electricity services. It owns Davao Light and Power Company in Davao City, Cotabato Light and Power Company in Cotabato City, Visayan Electric Company in Metro Cebu, the Mariveles Coal-Fired Power Plant in Mariveles, Bataan, Therma South, Inc. Coal Fired Power Plant in Davao City, and Therma Visayas, Inc. Coal Fired Power Plant in Toledo, Cebu.[9]

Banking and Financial Services

Union Bank of the Philippines (UnionBank)
CitySavings (formerly Cebu City Savings and Loan Association), savings bank of UnionBank
PETNET

Food and Beverages

Aboitiz Foods is composed of Pilmico Foods Corporation (Pilmico) and Gold Coin Management Holdings, Ltd. (Gold Coin), the integrated agribusiness and food company of the Aboitiz Group. Pilmico is a leader in operating efficiency, manufacturing flour and wheat by-products in the Philippines. It has also been a strong player in animal feeds and swine production since establishing these businesses in the late 1990s. Meanwhile, Gold Coin is manufacturing animal feed in Asia.[10]

On February 23, 2024, the company announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. It will hold a 40% stake, while CCEP will take up the remaining 60% stake.[11][12] In 2025, Coca-Cola Beverages Philippines, Inc. has changed the company’s legal name to Coca-Cola Europacific Aboitiz Philippines, Inc. (CCEAP).[13]

Infrastructure

Aboitiz InfraCapital Inc. undertakes all infrastructure and infrastructure-related investments of the Aboitiz Group.

Water [14]
Apo Agua Infrastructura
LIMA Water
Balibago Waterworks Systems Inc.
Economic Estates[15]
LIMA Estate
MEZ2 Estate
West Cebu Estate
TARI Estate[16]
Digital Infrastructure (Unity Digital Infrastructure)[17]

Land

Aboitiz Land, Inc. (Aboitiz Land) is the real estate arm of Aboitiz Group, engaging in the design and development of communities for residential use. Rafael Fernandez de Mesa, head of Economic Estates at Aboitiz InfraCapital, is the new Chief executive officer of Aboitiz Land Inc. effective January 1, 2025, succeeding David Rafael.[19]

LIMA Technology Park
Mactan Economic Zone II
West Cebu Industrial Park

Data Science and Artificial Intelligence

Aboitiz Data Innovation is the Data Science and Artificial Intelligence arm of the Aboitiz Group.[20]