WATERFRONT HOTELS AND CASINO

Waterfront Philippines, Inc. (WPI) was registered with the Securities and Exchange Commission
on September 23, 1994 as an investment holding company for hotel, leisure, and tourism
businesses.

The Company has 14 subsidiaries namely, Waterfront Cebu City Casino Hotel, Inc.; Waterfront
Mactan Casino Hotel, Inc.; Waterfront Insular Hotel Davao, Inc.; ACESITE (Phils.) Hotel
Corporation (ACE); Waterfront Hotel Management Corporation; Mayo Bonanza, Inc.; Waterfront
Entertainment Corporation; Waterfront Food Concepts, Inc.; Waterfront Wellness Group, Inc.;
Grand Ilocandia Resort Development Incorporated; Waterfront Promotions Limited; Waterfront
Puerto Princesa Hotel Inc.; Waterfront Iloilo Hotel Inc.; and Waterfront Cebu Ventures Inc. ACE
operates under the trade name "Manila Pavilion Hotel".

Source: SEC Form 17-A (2020)

Sector Services

Subsector Hotel & Leisure

Corporate Life 50

Incorporation Date Sep 23, 1994

Number of Directors 9

Stockholders' Meeting as per By-Laws September - last day except holidays

Fiscal Year 12/31 (Month/Day)

External Auditor R.G. Manabat & Co.

Transfer Agent Stock Transfer Service, Inc.

 DIRECTORS AND MANAGEMENT

Waterfront Philippines, Incorporated

Position Name

Chairman and Independent Sergio R. Ortiz- Luis, Jr.

Director

Vice Chairman and Lead Arthur R. Lopez

Independent Director

Director Kenneth T. Gatchalian

Director Dee Hua T. Gatchalian

Director Elvira A. Ting

Director Reno I. Magadia

Director Lamberto B. Mercado, Jr.

Director Renato Francisco

Independent Director Ruben D. Torres

Position Name

President Kenneth T. Gatchalian

Treasurer Elvira A. Ting

Corporate Secretary Arthur R. Ponsaran

Assistant Corporate Arsenio A. Alfiler, Jr.

Secretary

Chief Risk Officer Lamberto B. Mercado, Jr.

Chief Audit Executive Roanne T. Canlubo

Data Protection Officer Joson Lim

Investor Relations Richard Ricardo

Officer/Compliance
Officer/Corporate Affairs
Officer
 FINANCIAL REPORTS

Annual
For the fiscal year ended : Dec 31, 2021
Currency(and units, if applicable) : PESO

Item Current Year Previous Year

Current Assets 4,423,715,641 4,124,738,706

Total Assets 15,243,298,917 13,105,062,991

Current Liabilities 2,674,648,755 2,882,792,090

Total Liabilities 5,840,935,650 5,711,727,912

Retained 1,113,890,733 552,159,535

Earnings/(Deficit)

Stockholders' Equity 9,402,363,267 7,393,335,079

Stockholders' Equity - 8,319,536,202 6,627,464,761

Parent

Book Value Per Share 3.76 2.96

Item Current Year Previous Year

Gross Revenue 1,054,632,300 1,997,069,078

Gross Expense 1,187,740,610 1,392,120,166

Income/(Loss) Before 807,063,414 629,318,976

Tax

Net Income/(Loss) After 683,466,349 470,988,362

Tax

Net Income/(Loss) 394,555,853 439,574,045

Attributable to Parent

Earnings/(Loss) Per 0.15 0.17

Share (Basic)
 Earnings/(Loss) Per 0.15 0.17
Share (Diluted)

Quarterly
For the period ended : Jun 30, 2021
Currency(and units, if applicable) : PHP

Item Period Ended Fiscal Year Ended(Audited)

Current Assets 4,584,822,246 4,423,715,641

Total Assets 15,124,331,703 15,243,298,917

Current Liabilities 2,917,763,912 2,674,648,755

Total Liabilities 5,588,579,421 5,840,935,650

Retained 1,266,803,916 1,113,890,733

Earnings/(Deficit)

Stockholders' Equity 9,535,752,281 9,402,363,267

Stockholders' Equity - 8,472,449,384 8,319,536,202

Parent

Book Value Per Share 3.39 3.33

Item Current Year (3 Previous Year (3 Current Previous

Months) Months) Year-To-Date Year-To-Date

Gross Revenue 208,146,709 243,401,736 452,220,468 702,739,151

Gross Expense 206,774,742 205,756,334 462,882,091 601,903,334

Income/(Loss) Before 1,371,967 37,645,402 (10,661,623) 100,835,817

Tax

Net Income/(Loss) After (34,420,367) 37,645,402 (46,453,957) 100,835,817

Tax

Net Income/(Loss) (25,402,860) 30,473,680 (26,929,789) 105,718,805

Attributable to Parent

Earnings/(Loss) Per (0.01 0.01 (0.01 0.04

Share (Basic)
Earnings/(Loss) Per (0.01 0.01 (0.01 0.04
Share (Diluted)

STOCK DATA

Status Open Market Capitalization 1,299,475,711.56

Issue Type Common Outstanding Shares 2,498,991,753

ISIN PHY953131059 Listed Shares 2,498,991,753

Listing Date Mar 17, 1995 Issued Shares 2,498,991,753

Board Lot 1,000 Free Float Level(%) 53.22%

Par Value 1.00 Foreign Ownership Limit(%) 100%