Dmci Holdings Inc. · PSE:DMC
Dmci — Q2/H1 2025 Earnings Presentation
88 slides from Dmci's earnings presentation, Aug 7, 2025
Slide 1: Q2/H1 2025 Analysts' Briefing
Q2/H1 2025 Analysts’ Briefing 07 August2025 Makati City via remote communication 1
Slide 2: Utilities, nickel shine in mixed Q2 results
CONTRIBUTION HIGHLIGHTS Utilities, nickel shine in mixed Q2 results In Php mn Q2 2025 Q2 2024 Change KEY TAKEAWAYS SMPC (56.65%) 2,265 3,419 -34% • Group earnings declined due to lower contributions from SMPC, DMCI Homes and DMCI, alongside the ongoing Maynilad (25%) 973 732 33% integration of newly
Slide 3: Diversification cushions slowdown, integration
CONTRIBUTION HIGHLIGHTS Diversification cushions slowdown, integration In Php mn H1 2025 H1 2024 Change KEY TAKEAWAYS SMPC (56.65%) 4,800 7,110 -32% • Semestral group earnings decline amid energy market normalization, construction delays and cement integration DMCI Homes 2,052 1,421 44% • Best-ever
Slide 4: Earnings dip as cost pressures rise
CONSOLIDATED HIGHLIGHTS Earnings dip as cost pressures rise In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS • H1 revenues rose double-digits, driven by the Revenues 29,744 28,087 6% 61,602 55,517 11% addition of cement and stronger Cost of sales 16,988 14,159 20% 35,303 27,555
Slide 5: Consolidated Balance Sheet Highlights
CONSOLIDATED BALANCE SHEET HIGHLIGHTS In Php mn Jun 2025 Dec 2024 Change Cash and cash equivalents 32,080 34,299 -6% Receivables and contract asset 38,080 40,587 -6% Inventories 71,640 67,234 7% KEY TAKEAWAYS Investments in associates 24,198 24,275 0% • Total assets remained steady as inventory grow
Slide 6: Higher accomplishments lift topline
CONSTRUCTION FINANCIAL HIGHLIGHTS Higher accomplishments lift topline In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS Revenues 4,339 3,616 20% 8,805 7,309 20% • Revenues rose 20% on both periods, on higher accomplishments in Building, COS 3,853 3,119 24% 7,977 6,361 25% Infrast
Slide 7: Infra and JV boost revenue mix
CONSTRUCTION ORDER BOOK Infra and JV boost revenue mix Revenue Breakdown KEY TAKEAWAYS Q2 2025 Q2 2024 Change In Php mn Building* • Revenues rose across all segments, driven by new and 2,465 2,349 5% ongoing projects, including subcontracting works Infrastructure 749 344 118% Joint Ventures (JV) and
Slide 8: Better H1 earnings, despite Q2 dip
REAL ESTATE FINANCIAL HIGHLIGHTS Better H1 earnings, despite Q2 dip In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS Revenues 3,390 3,494 -3% 7,936 6,573 21% • Q2 revenues slipped as newly-recognized accounts above the 14.5% threshold helped Total cash costs 2,908 2,776 5% 6,634
Slide 9: Solid RFO sales amid slower launch cycle
REAL ESTATE OPERATING HIGHLIGHTS Solid RFO sales amid slower launch cycle Key Metrics Q2 2025 Q2 2024 Change KEY TAKEAWAYS Total Sales Value (Php bn) 5.6 9.8 -43% • Sales and reservations fell on high-base effect from last year’s launch of Moncello Crest (Tuba, Benguet) Location Metro Manila 81% 64%
Slide 10: Cost control, low debt support H1 results
INTEGRATED ENERGY FINANCIAL HIGHLIGHTS Cost control, low debt support H1 results In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS Revenues 14,821 18,168 -18% 31,330 36,594 -14% • Revenues contracted on lower coal and power selling prices, partly offset by higher power COS 6,255
Slide 11: Vertical integration sustains record Q2 sales
INTEGRATED ENERGY OPERATING HIGHLIGHTS Vertical integration sustains record Q2 sales Coal Key Metrics Q2 2025 Q2 2024 Change KEY TAKEAWAYS Strip Ratio (S/R) • Higher production and lower S/R driven by improved Aggregate* 10.4 11.4 -9% access to Narra mine seams, following continuous 10.4 11.4 -9% st
Slide 12: All key operating metrics improved in Q2
INTEGRATED ENERGY OPERATING HIGHLIGHTS All key operating metrics improved in Q2 Power Key Metrics Q2 2025 Q2 2024 Change KEY TAKEAWAYS Plant Availability (%) 87% 81% 7% • Overall plant availability improved with fewer outage days SCPC 90% 71% 27% (48 vs. 69); SCPC’s recovery, following restoration o
Slide 13: Best Q2, H1 earnings backed by expansion
OFF-GRID ENERGY FINANCIAL HIGHLIGHTS Best Q2, H1 earnings backed by expansion In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS Revenues 2,238 2,156 4% 3,998 3,855 4% • Revenues rose 4% up on higher energy sales amid flat average selling price Total cash costs 1,644 1,615 2% 2,95
Slide 14: Capacity expands, demand drives growth
OFF-GRID ENERGY OPERATING HIGHLIGHTS Capacity expands, demand drives growth Key Metrics Q2 2025 Q2 2024 Change KEY TAKEAWAYS Installed Capacity (in MW) 188.3 159.8 18% • Installed capacity expanded by 18%, with the Masbate 61.9 61.9 0% commissioning of the2x8 MW Palawan Bunker Palawan 94.1 78.1 20%
Slide 15: ZCMC output, market tailwinds fuel rebound
NICKEL MINING FINANCIAL HIGHLIGHTS ZCMC output, market tailwinds fuel rebound In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS Revenues 1,197 437 174% 2,587 1,029 151% • Strong topline growth, driven by better market conditions, favorable selling prices and a surge COS 276 206 3
Slide 16: ZCMC scales up amid recovering prices
NICKEL MINING OPERATING HIGHLIGHTS ZCMC scales up amid recovering prices Key Metrics Q2 2025 Q2 2024 Change KEY TAKEAWAYS Production (in WMT ‘000) 478 328 46% • Total production surged, with ZCMC contributing full ZDMC 252 328 -23% quarter output after commercial operations began in ZCMC 226 - 100%
Slide 17: Maynilad posts record performance
WATER FINANCIAL HIGHLIGHTS Maynilad posts record performance In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS Revenues 9,787 8,414 16% 18,352 16,515 11% • Revenues and earnings hit record levels for both Q2 and H1 reporting periods Total cash cost 2,752 2,819 -2% 5,093 5,543 -8%
Slide 18: Efficiency push boosts coverage, NRW
WATER OPERATING HIGHLIGHTS Efficiency push boosts coverage, NRW Key Metrics Q2 2025 Q2 2024 Change KEY TAKEAWAYS Production* (in MCM) 182.3 193.0 -6% • Total production declined on reduced output from La Billed Volume (in MCM) 139.8 141.9 -1% Mesa and Putatan treatment plants, in line with ongoing C
Slide 19: Early synergies drive core earnings
CEMENT FINANCIAL HIGHLIGHTS Early synergies drive core earnings In Php mn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change KEY TAKEAWAYS Revenues 3,956 4,181 -5% 7,258 8,111 -11% • Revenues dipped on lower selling prices and flat volume COS 3,167 2,988 6% 5,752 5,924 -3% • Q2 total cash costs rose 3% m
Slide 20: Capacity boost paves way for recovery
CEMENT OPERATING HIGHLIGHTS Capacity boost paves way for recovery Key Metrics Q2 2025 Q2 2024* Change KEY TAKEAWAYS Rated Capacity** (in mn T*) 7.2 5.7 26% § Installed capacity grew 26%, with the completion of APO 3.8 3.8 0% 1.5 MT Solid Plant expansion in April 2025 Solid 3.4 1.9 79% § Capacity uti
Slide 21: Strategic milestones ease slowdown, underscore portfolio strength
Strategic milestones ease slowdown, underscore portfolio strength Higher Better H1 Cost control, Best Q2, H1 accomplishments earnings, low debt results, backed lift topline despite Q2 dip support H1 by expansion results ZCMC output, Maynilad posts Early synergies market tailwinds record Q2 and H1 dr
Slide 22: Ecosystem model underpins stability, efficiency and value creation
Ecosystem model underpins stability, efficiency and value creation Stronger project RFO push and regional Cost and operational Capacity to exceed pipeline in place, with growth to fuel sales; improvements to 200MW by yearend; bidding momentum premium project eyed cushion energy market poised to bene
Slide 23: Annex
Annex § Capex Update § Market Forecasts § Debt Profile § ESG Highlights § DMCI Holdings and Subsidiaries Income Statement § Parent Balance Sheet § Subsidiaries and Associate Financial and Operating Highlights 23
Slide 24: Capex Update
Capex Update In Php bn Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change DMCI 0.1 0 100% 0.4 0 100% DMCI Homes 3.3 3.4 -3% 6.1 7.7 -21% SMPC 2 1.4 43% 4.5 3.2 41% DMCI Power 0.4 0.1 300% 0.6 0.4 50% DMCI Mining 0.1 0.2 -50% 0.3 0.2 50% Maynilad 6 4.7 28% 10.8 8.2 32% Concreat 0.4 - 100% 0.8 - 100% Total
Slide 25: Market Forecasts
Market Forecasts NEWCASTLE PRICES WESM SPOT PRICES In USD/MT In Php/KWh 2019 4.66 2019 77.8 248 7.32 2020 2.27 6.23 6.91 2020 60.4 5.07 2021 4.83 4.83 161 148 5.23 2021 137.3 138 4.61 2022 7.39 2022 360.2 138 140 138 3.82 126 2023 5.86 3.63 4.04 2023 173.0 3.47 3.28 105 100 110 114 2024 5.14 2024 13
Slide 26: Debt Profile
Debt Profile As of June 30, 2025 LOAN MATURITY SCHEDULE FLOATING AND FIXED Floating Fixed Php 65.6 bn Consolidated 22% 78% Consolidated 13% 51% 9% 27% DMCI n.a. Php 0 DMCI Homes 11% 89% DMCI SMPC 100% Php 34.5 bn DMCI Power 90% 10% DMCI Homes 7% 57% 5% 31% DMCI Mining 50% 50% Php 1.5 bn Concreat 100
Slide 27: Environmental Stewardship
Environmental Stewardship Q2 2025 2.1k ha* 1.2k ha* 2.98m* 638k* Habitats Protected Reforested Areas Trees Planted Mangroves Planted and Restored 469 12.7k MT 54% Animals Protected or Waste Generated Recycling Rate Reproduced * as of June 2025 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • D
Slide 28: Social Responsibility
Social Responsibility Q2 2025 28,145 9% 9,473 9 8.8 Direct Employees Female Direct Indirect Employees Average Training Average Training Employees Hours (per employee) Hours (male) 0.02 0.01 11.5 LTIFR Employees LTIFR Contractors Average Training Hours (female) LTIFR = Lost-time Injury Frequency Rate
Slide 29: Awards and Recognition
Awards and Recognition DMCI Holdings and SMPC Recognized at FinanceAsia’s 25th Asia’s Best Companies Poll DMCI Holdings won silver in the Industrials category and bronze in the Infrastructure category, reflecting its continued excellence and leadership in these vital sectors. Meanwhile, SMPC achieve
Slide 30: ESG Highlights
ESG Highlights Engineering Students Visit DMCI Project Sites On April 12, 2025, ninety-two engineering students from Sorsogon State University conducted an educational construction site visit to the DMCI Levi Mariano Pumping Station Project. The visit included a tour of the facility and a technical
Slide 31: ESG Highlights
ESG Highlights DMCI CAMANA Project Donates Recyclables to Barangay 35 in Caloocan On April 24 and May 28, the CAMANA Project donated a total of 86.5 kilograms of PET bottles and 441.5 kilograms of cartons to Barangay 35, located along Dagat-Dagatan Avenue Extension in Maypajo, Caloocan City. The don
Slide 32: ESG Highlights
ESG Highlights DMCI Projects Join Brigada Eskwela The Cebu Tank Storage Facility Project participated in the Division Brigada Eskwela Kick-Off activity in Barangay Colon, Naga City, Cebu on June 9, 2025. On June 13, 2025, the Allied Services Group also participated in the Brigada Eskwela activity at
Slide 33: ESG Highlights
ESG Highlights DMCI Blood Donation Drives Through its partnership with the Veterans Memorial Medical Center, the CAMANA Project collected a total of 182 blood bags on June 20, 2025. Later in the month, three more blood bags were collected and donated to the PGH Blood Bank on June 26, 2025. CONSOLIDA
Slide 34: ESG Highlights
ESG Highlights DMCI Homes Supports Research on Sustainable Construction College of Engineering’s Professorial Chair Awards, in partnership with the University of the Philippines Engineering Research and Development Foundation, Inc. (UPERDFI). One of the awardees, Dr. Christian Orozco, focuses on dev
Slide 35: ESG Highlights
ESG Highlights DMCI Power-Palawan Doktor ng Barangay Program The Doktor ng Barangay program of DMCI Power continued to provide free weekly medical consultations in several Palawan communities in Q1 2025: • In Brgy. Irawan, Puerto Princesa City, the program addressed critical healthcare needs and pro
Slide 36: ESG Highlights
ESG Highlights DMCI Power-Palawan Supports Local Festivals and Community Events in Palawan DMCI Power Corporation (DPC) provided support to several local events in Palawan as part of its community engagement initiatives. From May 13 to 15, 2025, DPC sponsored the Municipality of Roxas’ 74th Founding
Slide 37: ESG Highlights
ESG Highlights DMPC Conducts Mangrove Tree Planting in Cataingan DMCI Masbate Power Corporation (DMPC), in partnership with MENRO-Cataingan, conducted a mangrove tree planting activity in Brgy. Bil-is Poblacion, Cataingan. A total of 2,000 mangrove propagules were planted, with support from PNP-Cata
Slide 38: ESG Highlights
ESG Highlights DMPC Supports Brigada Eskwela Activities in Masbate DMCI Masbate Power Corporation (DMPC) supported the Department of Education’s Brigada Eskwela by donating paint supplies to various public schools across Masbate. On June 9–11 and 23, a total of 37 pails of paint were distributed to
Slide 39: ESG Highlights
ESG Highlights DMPC, BFAR, and MAO Conduct Sea Ranching Activity in Mobo On June 13, 2025, DMCI Masbate Power Corporation (DMPC), in partnership with the Municipal Agriculture Office (MAO) and the Bureau of Fisheries and Aquatic Resources (BFAR), conducted a Sea Ranching Activity in Brgy. Marintoc,
Slide 40: ESG Highlights
ESG Highlights DMPC Balik Eskwela Program DMCI Masbate Power Corporation (DMPC) conducted its annual Balik Eskwela program on June 19 and 25, 2025, distributing 700 school bags with learning materials to students from its host schools in Masbate. Recipient schools included Bagong Baryo Elementary Sc
Slide 41: ESG Highlights
ESG Highlights DPC-Calapan Joins Drainage Clean-Up Drive in Brgy. Sta. Isabel DMCI Power Corporation-Calapan participated in a drainage clean-up drive organized by the Barangay Council of Sta. Isabel. The activity targeted the creek beside the plant site, which often overflows during heavy rains. Tw
Slide 42: ESG Highlights
ESG Highlights DPC-Calapan Balik Eskwela Program DMCI Power Corporation-Calapan held its annual Balik Eskwela Program starting June 20, 2025, benefiting students from communities near its plant site. The program began at Sta. Isabel Elementary School, where 200 students received backpacks with schoo
Slide 43: ESG Highlights
ESG Highlights DPC-Calapan Blood Donation Drive DMCI Power Corporation-Calapan, in partnership with the Oriental Mindoro Blood Council (OMBC) and its ESH Department, held a blood donation activity in Calapan City. The event began with opening messages from the Plant Manager, an OMBC representative,
Slide 44: ESG Highlights
ESG Highlights DMCI Mining Education and Educational Support Program DMCI Mining, through its subsidiaries Zambales Diversified Metals Corporation (ZDMC) and Zambales Chromite Mining Company, Inc. (ZCMCI), invested over Php 8 million in education and support programs across various barangays in Zamb
Slide 45: ESG Highlights
ESG Highlights DMCI Mining Health Program DMCI Mining, through Zambales Diversified Metals Corporation (ZDMC) and Zambales Chromite Mining Company, Inc. (ZCMCI), allocated Php 2.37 million in Q2 2025 to support health initiatives in Zambales barangays. ZDMC invested Php 1.97 million to provide medic
Slide 46: ESG Highlights
ESG Highlights DMCI Mining Enterprise Development and Networking Program DMCI Mining, through Zambales Diversified Metals Corporation (ZDMC) and Zambales Chromite Mining Company, Inc. (ZCMCI), allocated over Php 1.6 million in Q2 2025 to support enterprise development in Zambales barangays. ZDMC all
Slide 47: ESG Highlights
ESG Highlights DMCI Mining Infrastructure and Support Services Program DMCI Mining, through its subsidiaries Zambales Diversified Metals Corporation (ZDMC) and Zambales Chromite Mining Company, Inc. (ZCMCI), spent a total of over Php 1.2 million in the second quarter of 2025 for infrastructure devel
Slide 48: Berong Mine Rehabilitation as of June 2025
Berong Mine Rehabilitation as of June 2025 31 388.7k Geotextile Installed Seedlings Produced (2.5x100 m) 81 ha Rehabilitated Area 261.7k 1,801 Seedlings Planted Coco-coir Nets Installed (2x50 m) CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD • CONCREAT • SUMMARY • OUTL
Slide 49: Concreat ESG Highlights Q2 2025
Concreat ESG Highlights Q2 2025 21% 74% 685 22% 1,373 0 Waste Plastic Waste Direct Employees Female Direct Indirect LTIFR Recycling Rate Recovery Rate Employees Employees Employees 18.9* ha 1 0.55 3 0.08 Reforested Areas Average Training Average Training Average Training LTIFR Hours (per Hours (male
Slide 50: ESG Highlights
ESG Highlights CHP Conducts Tree Planting and Clean-up Drives Concreat Holdings Philippines (CHP) planted 1,500 tree seedlings and collected over 3,600 kilograms of waste through recent environmental drives. In Rizal, 60 volunteers joined a clean-up and tree- planting activity led by the LGU, collec
Slide 51: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement in Php millions Q2 2025 Q2 2024 % H1 2025 H1 2024 % Revenues 29,744 28,087 6% 61,602 55,517 11% Cost of Sales (16,988) (14,159) 20% (35,303) (27,555) 28% Operating Expenses (3,475) (2,173) 60% (7,051) (4,553) 55% Government share (Coal) (1,133) (1,728)
Slide 52: Parent Balance Sheet
Parent Balance Sheet In Php millions Jun 2025 Dec 2024 % Cash and cash equivalents 5,657 7,396 -24% Receivables 1,134 618 83% Investments in subsidiaries and assoc. 24,488 24,488 0% Other assets 1,047 70 1398% Total Assets 32,325 32,572 -1% Accounts payable 89 138 36% Other liabilities 10 10 0% Tota
Slide 53: Q2/H1 2025 Financial Results
Q2/H1 2025 Financial Results STANDALONE INCOME STATEMENT in Php millions Q2 2025 Q2 2024 % H1 2025 H1 2024 % Revenues 4,339 3,616 20% 8,805 7,309 20% Cost of Sales (3,853) (3,119) 24% (7,977) (6,361) 25% Operating Expenses (183) (105) 75% (317) (254) 25% Total Cash Cost (4,036) (3,224) 25% (8,294) (
Slide 54: Q2/H1 2025 Financial Results
Q2/H1 2025 Financial Results CONDENSED BALANCE SHEET Total, Total, In Php millions DMCI JV DMCI JV % Jun 2025* Dec 2024* Cash and cash equivalents 1,792 1,920 3,713 1,987 2,286 4,273 -13% Receivables 7,682 3,650 10,264 6,579 2,656 8,268 24% CIE 1,460 708 2,167 1,315 613 1,928 12% Inventories 739 27
Slide 55: Q2/H1 2025 Revenue Breakdown
Q2/H1 2025 Revenue Breakdown Revenue Breakdown Order Book (in Php bn) H1 2025 H1 2024 Change In Php mn Building* 4,815 4,416 9% 49.3 Infrastructure 1,492 790 89% Joint Ventures (JV) and 1,994 1,566 27% 41.9 40.6 billables 18.7 36.4 Allied Services and others** 504 537 -6% 35.2 Total Revenues 8,805 7
Slide 56: Project Completion Status
Project Completion Status As of June 30, 2025 Order Book (in Php bn) Building Total Php 19.3 bn Php 36.4 bn 49.3 15% 41.9 40.6 28% 13% 18.7 36.4 50% 35.2 4% 4% 8% 68% 19.9 17.1 10% 14.6 14.8 10.2 Infrastructure Joint Ventures 4.6 2.3 2.5 Php 2.5 Php 14.6 bn 3.4 20.4 19.7 19.0 19.3 30% 17.0 70% 96% 2
Slide 57: Ongoing and Prospect Bids and Estimates
Ongoing and Prospect Bids and Estimates Railways, Train Station, Roads, Bridges, Buildings, Water Pre- treatment Facilities, Causeway, Jetty, Ports, Piers, Data Center, LPG Terminals, Fuel Depot, Industrial Type of Projects Mining Plant, Water Treatment Plant, Sewage Treatment Plant, Pumping Station
Slide 58: BBM Prospects
BBM Prospects Allied Services for North-South Metro Manila Subway Project ODA Funded Projects Commuter Railway & (Phase 1) Metro Manila Subway Project 1 BATAAN CAVITE INTERLINK BRIDGE 2 3 METRO MANILA BRIDGES PROJECT 4 Source: DOTR • 37-km from Valenzuela to Projects Pasay City Details • Concrete Pr
Slide 59: Completed Project
Completed Project LONGPOINT CAUSEWAY Aborlan, Palawan CLIENT: Berong Nickel Corp. DESCRIPTION: Design and construction of causeway, backfilling, compaction, armour rock laying, concreting works PROJECT: Causeway COMPLETION: 2025 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MA
Slide 60: Completed Project
Completed Project RECODO CEMENT TERMINAL Zamboanga Del Sur CLIENT: DMC CERI DESCRIPTION: Design and construction of a 50,000 DWT terminal with an 8-meter draft, encompassing backfilling operations, installation of steel sheet piles, and concrete pavement works. PROJECT: Cement Terminal COMPLETION: 2
Slide 61: Featured Project
Featured Project DE LA SALLE MEDICAL AND HEALTH SCIENCES INSTITUTE ACADEMIC COMPLEX Dasmariñas, Cavite CLIENT: De La Salle Medical Health & Sciences Institute General Academic Senior High School DESCRIPTION: General construction works (CSA+MEPF) of Academic, The Commons Shared and Senior High School
Slide 62: Featured Project
Featured Project C5 LINK SEGMENT 3B Parañaque City CLIENT: CAVITEX Infrastructure Corporation DESCRIPTION: Construction of a six (6) lane, 2.0 km expressway connecting CAVITEX at Paranaque and C5 road Taguig, which includes of access roads, mainline viaduct, ramp, at-grade mainline, and toll plaza s
Slide 63: Newly-Awarded Project
Newly-Awarded Project METRO MANILA SUBWAY PROJECT Contract Package 105 Taguig City CLIENT: Department of Transportation (DOTr) (Joint Venture with Nishimatsu) DESCRIPTION: Building and Civil Engineering Works for approximately 0.656km Tunnel, with Two (2) Underground Stations at Kalayaan Ave & BGC P
Slide 64: Newly-Awarded Project
Newly-Awarded Project PROPOSED 2024 MOONWALK PIPELAYING Pasay & Parañaque City CLIENT: Maynilad Water Services Inc. DESCRIPTION: Partial Pipe Replacement Of Existing 900mm SP to 1400mm WM Along West Service Road, 1200mm WM along Moonwalk Access Road with 300mm Secondary Line along West Service Road
Slide 65: Q2/H1 2025 Financial Results
Q2/H1 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2025 Q2 2024 % H1 2025 H1 2024 % in Php millions Jun 2025 Dec 2024 % Revenues 3,390 3,494 -3% 7,936 6,573 21% Cash and cash equivalents 12,416 9,688 28% Cost of Sales (1,950) (2,066) -6% (4,704) (3,88
Slide 66: H1 2025 Operating Highlights
H1 2025 Operating Highlights Completed Key Metrics H1 2025 H1 2024 Change No. of Projects No. of Units Sales Value Total Sales Value (Php bn) 11.9 21.2 -44% 74 68,862 Php 253 bn Location Metro Manila 80% 79% 1% Non-Metro Manila 20% 21% -5% Ongoing Product Type No. of Projects No. of Units Sales Valu
Slide 67: Project Feature
Project Feature Resort-inspired living on a grander scale Situated just a few minutes away from Cebu City's main business districts, Kalea Heights is DMCI Homes' first project in the city which features impressive big open parks and amenities. Designed seamlessly, Kalea Heights connects indoor and o
Slide 68: Project Feature
Project Feature Exquisite from every angle The first joint-venture project of DMCI Homes, the Philippine’s first Quadruple A developer, and Marubeni Corporation, a Japanese global conglomerate. The Valeron Tower is a residential masterpiece rising soon along the C-5 Ortigas Corridor, Metro Manila’s
Slide 69: Project Feature
Project Feature A new landmark for resort-inspired living Highlights: STRATEGIC LOCATION Artist's illustration: Lap pool • Located in Quezon Avenue which allows residents easy access to different parts of Metro Manila. (Skyway, MRT, upcoming subway) DISTINCT ARCHITECTURE • Distinctive building façad
Slide 70: Project Feature
Project Feature A mountain resort condotel Located along Marcos Highway in Tuba, Benguet, Moncello Crest is the second development under DMCI Homes Leisure Residences. Part of its commitment is to collaborate with surrounding communities and farms sustaining their livelihood by partnering with them
Slide 71: Project Feature
Project Feature Revel in cityscape Quezon City The Crestmont boasts modern contemporary architectural design that is tailored for the needs of go-getters and professionals. The development offers superior value for money through its ideal location, improved development features and resort-inspired a
Slide 72: H1 2025 Operating Highlights
H1 2025 Operating Highlights Coal Key Metrics H1 2025 H1 2024 Change Power Key Metrics H1 2025 H1 2024 Change Strip Ratio (S/R) Plant Availability (%) 88% 86% 2% Aggregate* 11.0 11.9 -8% SCPC 90% 79% 14% Effective** 11.0 11.9 -8% SLPGC 86% 94% -9% Production (in MMT) 11.3 10.2 11% Average Capacity*
Slide 73: Q2 2025 Financial Results
Q2 2025 Financial Results STANDALONE INCOME STATEMENT Q2 2025 Q2 2024 In Php millions COAL SCPC SLPGC CHP Others Combined COAL SCPC SLPGC Others Combined % Revenues 10,274 4,364 2,104 - 12 16,754 12,812 3,975 2,889 60 19,736 -15% COS (5,228) (1,820) (747) - (12) (7,807) (6,039) (1,487) (783) (54) (8
Slide 74: Q2 2025 Financial Results
Q2 2025 Financial Results CONSOLIDATED INCOME STATEMENT Q2 2025 Q2 2024 In Php millions COAL SCPC SLPGC CHP Others Conso COAL SCPC SLPGC Others Conso % Revenues 8,342 4,364 2,104 - 11 14,821 11,244 3,975 2,889 60 18,168 -18% COS (4,063) (1,502) (679) - (11) (6,255) (5,223) (1,068) (598) (54) (6,943)
Slide 75: H1 2025 Financial Results
H1 2025 Financial Results STANDALONE INCOME STATEMENT H1 2025 H1 2024 In Php millions COAL SCPC SLPGC CHP Others Combined COAL SCPC SLPGC Others Combined % Revenues 22,051 8,678 4,096 - 213 35,038 27,112 7,431 5,160 121 39,824 -12% COS (11,455) (3,573) (1,465) - (209) (16,702) (12,077) (2,956) (1,62
Slide 76: H1 2025 Financial Results
H1 2025 Financial Results CONSOLIDATED INCOME STATEMENT H1 2025 H1 2024 In Php millions COAL SCPC SLPGC CHP Others Conso COAL SCPC SLPGC Others Conso % Revenues 18,364 8,678 4,096 - 192 31,330 23,882 7,431 5,160 121 36,594 -14% COS (9,182) (2,937) (1,322) - (188) (13,629) (10,480) (2,039) (1,190) (1
Slide 77: H1 2025 Financial Results
H1 2025 Financial Results CONSOLIDATED BALANCE SHEET In Php millions SMPC SCPC SLPGC CHP Others Mar 2025 SMPC SCPC SLPGC CHP Others Dec 2024 % Cash and cash equivalents 1,045 3,140 2,415 - 236 6,836 5,203 2,215 1,517 - 532 9,467 -28% Receivables 3,560 2,606 845 - 8 7,019 4,180 2,084 909 - 397 7,570
Slide 78: 2025 Coal Segment Guidance
2025 Coal Segment Guidance Shipments Pricing Target Mix Target Quality Mix Income Tax Holiday Guidance Domestic Non-commercial 54% Grade Narra Mine Spot Indexed and Fixed 31% 16 to 17 Extended up to May 2025 46% 54% MMT Pending BOI approval for Commercial Grade Exports 9% one (1) more bonus year 46%
Slide 79: 2025 Power Segment Guidance
2025 Power Segment Guidance Potential Supply Target Additional Contracted Upcoming Planned Outages Contracts Capacity 20 July 2025 13 December 2025 2025 183.6 MW SLPGC Unit 1 30 days SLPGC Unit 2 2026 25 days 209 MW SCPC 244.5 79.5 162.0 486.0 7 October 2025 20 January 2026 Under Negotiation SCPC Un
Slide 80: Q2/H1 2025 Financial Results
Q2/H1 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2025 Q2 2024 % H1 2025 H1 2024 % in Php millions Jun 2025 Dec 2024 % Revenues 2,238 2,156 4% 3,998 3,855 4% Cash and cash equivalents 338 257 32% Cost of Sales (1,632) (1,603) 2% (2,931) (2,841) 3% Re
Slide 81: H1 2025 Operating Highlights
H1 2025 Operating Highlights Key Metrics H1 2025 H1 2024 Change Installed Capacity (in MW) 188.3 159.8 18% Bunker 58.0 42.0 38% Coal 30.0 30.0 0% Diesel 87.8 87.8 0% Wind 12.5 - 100% Energy Sales (in GWh) 259.5 244.6 6% Masbate 87.8 85.5 3% Palawan 104.9 108.8 -4% Oriental Mindoro 58.6 50.3 15% Anti
Slide 82: Q2/H1 2025 Financial Results
Q2/H1 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2025 Q2 2024 % H1 2025 H1 2024 % in Php millions Jun 2025 Dec 2024 % Revenues 1,197 437 174% 2,587 1,029 151% Cash and cash equivalents 1,573 848 85% Cost of Sales (276) (206) 34% (650) (485) 34% Rece
Slide 83: H1 2025 Operating Highlights
H1 2025 Operating Highlights Key Metrics H1 2025 H1 2024 Change Production (in WMT ‘000) 1,210 782 55% ZDMC 823 782 5% Selling Prices, Nickel Grade and Forex ZCMC 387 - 100% 70 1.39% Shipment (in WMT ‘000) 1,154 795 45% 60 1.38% 1.38% ZDMC 789 795 -1% 1.36% 1.37% 1.37% 50 ZCMC 366 - 100% 48 1.36% 40
Slide 84: Q2/H1 2025 Financial Results
Q2/H1 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2025 Q2 2024 % H1 2025 H1 2024 % in Php millions Jun 2025 Dec 2024 % Revenues 9,787 8,414 16% 18,352 16,515 11% Cash and cash equivalents 2,659 10,520 -75% Cost of Sales (1,406) (1,643) -14% (2,665) (
Slide 85: H1 2025 Operating Highlights
H1 2025 Operating Highlights Key Metrics H1 2025 H1 2024 Change POPULATION SERVED & AVAILABILITY Production* (in MCM) 361.0 385.1 -6% 10.6 100.0 Billed Volume (in MCM) 272.8 276.6 -1% 10.4 97.5 97.5 98.1 98.0 97.4 Customer Mix 10.2 96.0 92.7 Domestic 82.1% 81.6% 1% 10.0 94.0 Commercial 17.8% 18.4% -
Slide 86: H1 2025 Financial Results
H1 2025 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2025 Q2 2025 % H1 2025 H1 2024 % in Php millions Jun 2025 Dec 2024 % Revenues 3,956 4,181 -5% 7,258 8,111 -11% Cash and cash equivalents 1,423 1,935 -26% Cost of Sales (3,167) (2,988) -6% (5,752) (5,924)
Slide 87: H1 2025 Operating Highlights
H1 2025 Operating Highlights Key Metrics H1 2025 H1 2024* Change Rated Capacity (in mn T*) 7.2 5.7 26% APO 3.8 3.8 0% Solid 3.4 1.9 79% Capacity Utilization (%) 59% 71% -12% Production (in ‘mn T) 1.9 2.0 -5% Sales Volume (in ‘mn T) 1.9 2.0 -5% Overall ASP (in Php/ton) 3,843 4,004 -4% Ending Inventor
Slide 88: Disclaimer / Contact Information
DISCLAIMER Neither DMCI Holdings, Inc. (DMCI), nor its advisors make any representation regarding, and assumes no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in any information contained herein. Such information is subject to change without notice, it