Ayala Integrated Report

This Integrated Report is based on extensive reporting from our operating units in the Philippines and around the world. Through this report, we make a deliberate effort to describe our organizations strategy, governance, performance, and prospects in the context of our external environment, and explain how we create value in the short, medium, and long term. All information is reviewed formally by the groups Investor Relations Council and Sustainability Council and was approved by Ayalas management and Board before publication.