investment to earn optimal benefits for investment owners and clients. Having such policy and close investment monitoring will encourage the invested companies to adopt good corporate governance and

). The proposed revisions intend to facilitate and promote the establishment of the said funds by lowering the unit-holding limit of infrastructure asset owners and improving vote-counting methods for

contributing to the country?s competitiveness. This should be considered an alternative financing channel as it would benefit all parties from project owners, investors to the country as a whole.? # # #

income tax 25.36 24.17 1.20 4.97 Income tax (5.21) (4.83) 0.38 7.87 Profit for the year 20.15 19.34 0.82 4.24 Owners of the parent 20.04 19.23 0.82 4.21 Non-controlling interests 0.11 0.11 0.00 5.71   1

% Profit attributable to: Non-controlling interests -0.39 -0.36 0.03 -7.20% Owners of the parent 87.70 147.34 59.64 68.00% The Revenue from Operations In the first quarter of 2020, the revenues from

% Profit attributable to Owners of the Parent 2,251.9 1,980.9 13.7% Normalized Profit attributable to Owners of the Parent5 2,267.8 1,406.6 61.2% 1 Operating Revenue consists of Raw Water Sales, Industrial

) -6.7% Profit attributable to Owners of the Parent 424.2 716.2 -40.8% Foreign Exchange Gain (Loss) 94.6 250.6 -62.2% Adjustments of Revenue Levelization (TFRS 15)5 (64.6) 0.0 N/A Normalized Profit

Tax Expense (11.0) (19.8) -44.5% (17.3) (26.6) -34.9% Profit attributable to Owners of the Parent 857.5 295.9 189.8% 1,281.8 1,012.0 26.6% Foreign Exchange Gain (Loss) 162.3 (315.3) -151.5% 256.9 (64.7

1,453.4 3.9% Income Tax (Expense) Income (6.4) (17.5) -63.4% (23.8) (44.2) -46.2% Profit attributable to Owners of the Parent 456.2 631.1 -27.7% 1,738.0 1,643.1 5.8% Foreign Exchange Gain (Loss) 10.4 124.9

from Investments in Associates 221.4 184.8 19.8% Net Profit attributable to Owners of the Parent 43.5 424.2 -89.8% Normalized Net Income attributable to Owners of the Parent 219.0 269.8 -18.8% Operating