Dmci Holdings Inc. · PSE:DMC
Dmci — Q3 2023 Earnings Presentation
81 slides from Dmci's earnings presentation, Nov 9, 2023
Slide 1: Q3/9M 2023 Analysts' Briefing
Q3/9M 2023 Analysts’ Briefing 09 November 2023 Makati City, Philippines via remote communication
Slide 2: Real estate and utilities temper stabilizing commodities
Real estate and utilities temper stabilizing commodities CONTRIBUTION HIGHLIGHTS In Php mn Q3 2023 Q3 2022 Change § Net income down 44% mainly due to high base effect SMPC (56.65%) 1,925 5,750 -67% from sizzling commodities market last year DMCI Homes 1,366 1,131 21% § SMPC, DMCI Homes and Maynilad
Slide 3: Second-best 9M earnings, on track for a strong year
Second-best 9M earnings, on track for a strong year In Php mn 9M 2023 9M 2022 Change CONTRIBUTION HIGHLIGHTS SMPC (56.65%) 12,804 20,380 -37% § Second-highest 9M bottom line in corporate history DMCI Homes 3,857 3,853 0% § SMPC, DMCI Homes and Maynilad contributed 92% of Maynilad (25%) 1,678 1,108 5
Slide 4: Slower earnings YoY and Q/Q but still better than pre-pandemic
Slower earnings YoY and Q/Q but still better than pre-pandemic YoY Q/Q Pre-pandemic In Php mn Q3 2023 Q3 2022 Change Q2 2023 Change Q3 2019 Change SMPC (56.65%) 1,925 5,750 -67% 5,765 -67% 1,208 59% DMCI Homes 1,366 1,131 21% 1,387 -2% 612 123% Maynilad (25%) 605 396 53% 474 28% 457 32% DMCI Power 2
Slide 5: Revenues pull back from record highs
Revenues pull back from record highs In Php mn Q3 2023 Q3 2022 Change 9M 2023 9M 2022 Change CONSOLIDATED HIGHLIGHTS Revenues 22,406 32,834 -32% 92,395 114,301 -19% § Q3 revenues dropped on lower contributions Cost of sales 13,469 14,497 -7% 43,850 46,833 -6% from commodities, power and real estate;
Slide 6: Key Takeaways
In Php mn Sep 2023 Dec 2022 Change KEY TAKEAWAYS Cash and cash equivalents 38,598 28,408 36% § Total assets rose 4% largely driven by higher cash and Receivables and contract asset 49,492 56,148 -12% inventories from SMPC (+Php 10.0 bn), DMCI Homes Inventories 68,102 61,525 11% (Php 4.2 bn) and DMCI
Slide 7: Thin order book nips construction revenues
Thin order book nips construction revenues KEY TAKEAWAYS In Php mn Q3 2023 Q3 2022 Change 9M 2023 9M 2022 Change Revenues 4,137 4,071 2% 12,857 15,331 -16% § Uptick in Q3 revenues attributable to low base effect following conservative take-up on price COS 3,757 3,996 -6% 11,296 13,399 -16% escalatio
Slide 8: Building and Joint Ventures prop up revenues, order book
Building and Joint Ventures prop up revenues, order book Revenue Breakdown KEY TAKEAWAYS Q3 2023 Q3 2022 Change In Php mn Building* 2,215 1,941 14% § Revenues came mostly from Building and Joint Ventures; Anemic infrastructure revenues owing to Infrastructure 385 1,359 -72% absence of new projects a
Slide 9: Resilient earnings amid weak market due to Other and Finance income
Resilient earnings amid weak market due to Other and Finance income Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2023 2022 2023 2022 Revenues 4,453 5,371 -17% 15,189 17,818 -15% § Revenues tapered on lower recognition from ongoing accounts, reversals from sales COS 2,699 3,622 -25% 9,977 12,152
Slide 10: Solmera Coast boosts residential unit sales
Solmera Coast boosts residential unit sales Key Metrics Q3 2023 Q3 2022 Change KEY TAKEAWAYS Sales and reservations (units) 2,223 2,613 -15% § Total units sold fell on lower parking unit sales as quick- Residential units 1,605 1,455 10% selling Solmera Coast (SLC) project had no parking Parking slot
Slide 11: Stabilizing energy markets, heavy rains dampen results
Stabilizing energy markets, heavy rains dampen results In Php mn Q3 2023 Q3 2022 Change 9M 2023 9M 2022 Change KEY TAKEAWAYS Revenues 11,628 21,159 -45% 56,201 73,167 -23% § Q3 and 9M revenues slumped from record COS 5,566 5,384 3% 17,980 17,097 5% highs, lower coal shipments and selling prices OPEX
Slide 12: Operational headwinds curb production, sales and prices
Operational headwinds curb production, sales and prices KEY TAKEAWAYS Q3 2023 Q3 2022 Change Strip Ratio § Elevated S/R and reduced production mainly due to heavier Aggregate* 18.1 10.0 81% rainfall in July and August (454 mm vs 625 mm), ongoing stripping Effective** 18.1 10.0 81% activities in Mola
Slide 13: Strong SCPC not enough to offset weak SLPGC, spot prices
Strong SCPC not enough to offset weak SLPGC, spot prices Key Metrics Q3 2023 Q3 2022 Change KEY TAKEAWAYS Plant Availability (%) 79% 65% 22% § Overall plant availability improved with SCPC Unit 2 commercial SCPC 99% 51% 94% operations on October 9, 2022; Nearly continuous SCPC SLPGC 59% 78% -24% gen
Slide 14: Bottom line grows for 10th consecutive quarter
Bottom line grows for 10th consecutive quarter In Php mn Q3 2023 Q3 2022 Change 9M 2023 9M 2022 Change KEY TAKEAWAYS Revenues 1,863 2,133 -13% 5,640 5,489 3% § Q3 revenues decline on lower ASP, cushioned by better output and dispatch; 9M revenues up COS 1,432 1,777 -19% 4,541 4,532 0% on higher powe
Slide 15: Palawan overtakes Masbate as biggest market
Palawan overtakes Masbate as biggest market Key Metrics Q3 2023 Q3 2022 Change KEY TAKEAWAYS Gross Generation (in GWh) 128.7 118.0 9% § Gross generation rose 9% due to installed capacity expansions in Masbate 45.2 41.8 8% Palawan and Masbate; Palawan now highest in gross generation, Palawan 53.2 42.
Slide 16: Lower nickel prices, one-offs trim performance
Lower nickel prices, one-offs trim performance Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2023 2022 2023 2022 Revenues 158 240 -34% 2,552 2,877 -11% § Q3 and 9M revenues dropped on lower ASP and net forex gains; Q3 revenues further dragged by COS 100 75 33% 647 512 26% lower nickel quality so
Slide 17: Sharp price drop on lower grade, July bookings
Sharp price drop on lower grade, July bookings Key Metrics Q3 2023 Q3 2022 Change KEY TAKEAWAYS Production* (in WMT ‘000) 190 149 28% § Total production expanded due to increased ZDMC Shipment (in WMT ‘000) 147 106 39% capacity, as it secured the Environmental BNC - - 0% Compliance Certificate (ECC)
Slide 18: Strong recovery on better rates, operating conditions
Strong recovery on better rates, operating conditions Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2023 2022 2023 2022 Revenues 6,956 5,923 17% 20,269 17,128 18% § Revenues rose on combined effect of better average effective tariff, higher billed volume, Total cash cost 2,206 2,033 9% 6,986 5,6
Slide 19: Billed volume fully recovers, even better than pre-COVID
Billed volume fully recovers, even better than pre-COVID Key Metrics Q3 2023 Q3 2022 Change KEY TAKEAWAYS Production* (in MCM) 198.2 188.0 5% § Production improved on the back of higher raw water supply Billed Volume (in MCM) 137.8 134.3 3% from Angat dam, cross-border purchases and activation of “N
Slide 20: Summary
Summary Second-best 9M earnings on higher contributions from utilities Thin order book nips Resilient earnings amid weak market construction revenues due to Other and Finance income Stabilizing energy markets, heavy Bottom line grows for 10th consecutive rains dampen results quarter Lower nickel pri
Slide 21: Outlook
Outlook Challenging and complex market conditions to persist longer Cautiously rebuilding order Develop more leisure projects; book while exploring new Anissa Heights launched in November business model Focus on operational efficiencies Continued expansion to boost capacity and cost management amid
Slide 22: Annex
Annex § Capex Update § Market Forecasts § Debt Profile § Updates § ESG Highlights § DMCI Holdings and Subsidiaries Income Statement § Parent Balance Sheet § Subsidiaries and Associate Financial and Operations Highlights 22
Slide 23: Capex Update
Capex Update In Php bn Q3 2023 Q3 2022 Change 9M 2023 9M 2022 Change DMCI 0.1 0.0 100% 0.4 0.1 300% DMCI Homes 4.0 5.1 -22% 12.0 12.0 0% SMPC 1.0 1.0 0% 3.0 3.6 -17% DMCI Power 0.2 0.5 -60% 0.7 1.6 -56% DMCI Mining 0.0 0.1 -100% 0.2 0.3 -33% Maynilad 5.1 3.5 46% 14.5 10.3 41% Total 10.4 10.2 2% 30.8
Slide 24: Market Forecasts
Market Forecasts Year NEWC WESM LME PH FOB WESM SPOT PRICES Nickel* In Php/KWh 2019 77.8 4.66 14,089 22 2020 60.4 2.27 13,773 41 8.41 8.02 2021 137.3 4.83 18,478 49 7.32 2022 6.54 6.46 2022 360.2 7.39 25,638 60 6.58 2023 6.23 6.97 2023F 172.2 6.27 21,733 51** 2024F 5.76 6.17 6.19 2024F 154.0 6.27 18
Slide 25: Debt Profile
Debt Profile As of September 30, 2023 LOAN MATURITY SCHEDULE FLOATING* AND FIXED Php 49.5 bn Consolidated 20% 80% Consolidated 10% 18% 47% 25% DMCI 100% DMCI Homes 10% 90% Php 0.1 bn SMPC 31% 69% DMCI 100% DMCI Power 67% 33% Php 36.5 bn DMCI Mining 100% DMCI Homes 14% 55% 31% *also pertains to fixed
Slide 26: Awards and Recognition
Awards and Recognition DMCI Holdings recognized for investor relations practices; won three awards from Investor poll Diversified engineering conglomerate DMCI Holdings emerged as one of eight best-managed companies in the Philippines by Alpha Southeast Asia magazine in the recently concluded 13th I
Slide 27: Awards and Recognition
Awards and Recognition DMCI Holdings, SMPC recognized for Corporate Governance Excellence Diversified engineering conglomerate DMCI Holdings and its integrated energy subsidiary, Semirara Mining and Power Corporation (SMPC), have been recognized as the top-performing Philippine listed companies by t
Slide 28: Awards and Recognition
Awards and Recognition DMCI Holdings receives Nation-Builders Award The Philippine Chamber of Commerce and Industry (PCCI) presented the Nation Builders Award to DMCI Holdings and 14 other conglomerates at the recently concluded 49th Philippine Business Conference and Expo (PBC&E), which was attende
Slide 29: Environmental Stewardship Q3 2023
Environmental Stewardship Q3 2023 78 ha 33 ha 121k 7,071 MT 18% Habitats Protected Reforested Areas Trees Planted Waste Generated Recycling and Restored Rate 4.8k 17 36.5% Mangroves Animals Protected New Suppliers Accredited Planted or Reproduced Using Environmental Criteria CONSOLIDATED • DMCI • DM
Slide 30: Social Responsibility Q3 2023
Social Responsibility Q3 2023 27,792 7.1% 7,195 3.5 3 Direct Employees Female Direct Indirect Employees Average Training Average Training Employees Hours (per employee) Hours (male) 0.05 0.02 10.2 44.6% Average Training New Suppliers Accredited LTIFR Employees LTIFR Contractors Hours (female) Using
Slide 31: ESG Highlights
ESG Highlights DMCI Greening Program – Tree Planting Activity On July 15, 2023, DMCI planted 1,000 Narra tree seedlings on a 2-hectare land in Sitio San Ysiro, Brgy. San Jose, Antipolo City, Rizal. This activity highlights the importance of protecting forest lands and encourages employees and the lo
Slide 32: ESG Highlights
ESG Highlights DMCI School Supplies Donation Drive DMCI employees donated school supplies to the 207 Grade 1 students of San Isidro Elementary School in Sucat Road, Paranaque last August 18, 2023. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 32
Slide 33: ESG Highlights
ESG Highlights DMCI ‘Calyenisan’ Project The DMCI Steel Fabrication business unit participated in a clean-up drive along the highways of Calaca, Batangas for the company’s ‘Calyenisan’ Project on August 29, 2023 to raise awareness about the importance of a clean environment. The initiative focused o
Slide 34: ESG Highlights
ESG Highlights DMCI Youth Exposure and Training Program On September 23, 2023, DMCI sponsored 23 participants from the Life Project for Youth (LP4Y) to engage in an exposure program to learn about construction projects. They visited the PGH Hospital Felicidad Sy MSB Phase 2 Project, where PGH person
Slide 35: ESG Highlights
ESG Highlights DMCI Homes donates 2000 kN UTM, laptops and lab furniture to UP ICE DMCI Homes reaffirmed its commitment to helping promote research-driven solutions in the construction industry by donating a 2000 kN Universal Testing Machine to the Construction Materials and Structures Laboratory (C
Slide 36: ESG Highlights
ESG Highlights DMCI Homes donates 2000 kN UTM, laptops and lab furniture to UP ICE During the ceremony, DMCI Homes President Alfredo Austria cited the importance of research in the construction industry. He emphasized, "Research is very important for innovations. In companies like DMCI Homes, we alw
Slide 37: ESG Highlights
ESG Highlights DMCI Power Information, Education and Communication Campaigns In the third quarter of 2023, DMCI Power carried out Information, Education, and Communication (IEC) campaigns in various locations within Oriental Mindoro, with a specific focus on the municipality of Victoria and Brgy. Ma
Slide 38: ESG Highlights
ESG Highlights DMCI Power Supports Community Schools in Brigada Eskwela Programs In the third quarter of 2023, DMCI Power actively participated in 'Brigada Eskwela' Programs across its host communities. On August 14, 2023, DMCI Masbate Power Corporation donated paint supplies to Bagong Baryo Element
Slide 39: ESG Highlights
ESG Highlights DMPC Supports National Learning Camp DMCI Masbate Power Corporation (DMPC) continues its commitment to education by supporting the Department of Education's National Learning Camp (NLC). This program is dedicated to enhancing students' reading and comprehension abilities in preparatio
Slide 40: ESG Highlights
ESG Highlights DMPC Joins PPA and Local Groups to Plant 5,000 Trees for DENR’s Greening Program DMCI Masbate Power Corporation (DMPC), in collaboration with the Philippine Ports Authority (PPA), the Municipality of Uson, Shell Philippines, local schools, and civic organizations, planted 5,000 trees
Slide 41: ESG Highlights
ESG Highlights DPC and DENR EMB V Collaborate for Tugbo River Clean-Up As part of the National Clean-Up Month celebration, with the theme "Clean Seas for Healthy Fisheries," the Department of Environment and Natural Resources Environmental Management Bureau Region 5 (DENR EMB V) joined forces with D
Slide 42: ESG Highlights
ESG Highlights DMCI Power ‘Doktor ng Barangay’ Program DMCI Power Corporation’s (DPC) "Doktor ng Barangay" program continues to make a positive impact on the community by offering essential medical support to residents in Brgy. Irawan, Palawan. The initiative is designed to assist the barangay in it
Slide 43: ESG Highlights
ESG Highlights ZDMC Education and Educational Support Program Various forms of educational assistance were provided to different schools, students and communities in Zambales with a total spending of P437k in Q3 2023. This includes the provision of construction materials, furniture, and educational
Slide 44: ESG Highlights
ESG Highlights ZDMC Health Program The company provided various forms of health assistance to different barangays in Zambales with a total spending of P566.5k in Q3 2023. This includes subsidies for barangay health workers and barangay nutrition scholars in Naulo, Uacon, and Yamot, health supplies f
Slide 45: ESG Highlights
ESG Highlights ZDMC Enterprise Development and Networking Program The company provided various forms of livelihood assistance to different barangays in Zambales with a total spending of P67.2k in Q3 2023. Assorted livelihood materials including fishery and agricultural supplies were provided to supp
Slide 46: ESG Highlights
ESG Highlights ZDMC Infrastructure and Support Services Program DMCI Mining provided various forms of infrastructure and support services assistance to different barangays in Zambales with a total spending of P377.6k in Q3 2023. Support services were extended to 20 Barangay Workers in barangays Luca
Slide 47: ESG Highlights
ESG Highlights BNC Supports UP Geology Alumni Association Educational Tour DMCI Mining’s Berong Nickel Corporation (BNC) provided financial support to the University of the Philippines (UP) Geology Alumni Association for an educational tour in Palawan related to rock exposure last August 2023. This
Slide 48: ESG Highlights
ESG Highlights BNC Supports Annual Convention of Health Volunteers BNC extended financial support to health volunteers during their annual convention, benefiting 100 health providers and barangay officials in Palawan last August 2023. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MININ
Slide 49: ESG Highlights
ESG Highlights BNC Improvement of Community Daycare Centers Construction materials were provided to enhance Daan Daycare Center in Barangay Aporawan and Talabungan Daycare Center in Barangay Berong last September 2023. This supported 200 toddlers, teachers, and parents, improving the learning enviro
Slide 50: ESG Highlights
ESG Highlights ZDMC Socio-Cultural Values Program DMCI Mining extended its support by providing essential materials to aid in the execution of socio-cultural activities in several barangays, including Barangay Lucapon South, Bayto, Uacon, Pin agrealan, and Lauis. This initiative aimed to contribute
Slide 51: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement in Php millions Q3 2023 Q3 2022 % 9M 2023 9M 2022 % Revenues 22,406 32,834 -32% 92,395 114,301 -19% Cost of Sales (13,469) (14,497) -7% (43,850) (46,833) -6% Operating Expenses (2,073) (1,739) 19% (6,300) (5,453) 16% Government share (Coal) (824) (3,59
Slide 52: Parent Balance Sheet
Parent Balance Sheet In Php millions Sep 2023 Dec 2022 % Cash and cash equivalents 3,060 2,086 47% Receivables 1,407 1,209 16% Investments in subsidiaries and assoc. 15,450 15,450 0% Other assets 61 59 3% Total Assets 19,978 18,804 6% Accounts payable 66 74 -10% Other liabilities 9 9 0% Total Liabil
Slide 53: 9M 2023 Financial Results
9M 2023 Financial Results STANDALONE INCOME STATEMENT in Php millions Q3 2023 Q3 2022 % 9M 2023 9M 2022 % Revenues 4,137 4,071 2% 12,857 15,331 -16% Cost of Sales (3,757) (3,996) -6% (11,296) (13,399) -16% Operating Expenses (112) (114) -1% (341) (353) -3% Total Cash Cost (3,869) (4,109) -6% (11,638
Slide 54: 9M 2023 Financial Results
9M 2023 Financial Results CONDENSED BALANCE SHEET Total, Total, In Php millions DMCI JV DMCI JV % Sep 2023* Dec 2022* Cash and cash equivalents 1,755 1,165 2,920 765 642 1,407 108% Receivables 6,079 2,298 7,486 8,024 1,964 9,225 -19% CIE 1,461 1,381 2,842 1,093 1,188 2,281 25% Inventories 689 0 689
Slide 55: 9M 2023 Revenue Breakdown and Historical Order Book
9M 2023 Revenue Breakdown and Historical Order Book Revenue Breakdown In Php mn 9M 2023 9M 2022 Change Order Book (in Php bn) Building* 7,073 6,052 17% 68.2 Infrastructure 2,248 4,956 -55% 58.7 Joint Ventures 2,296 3,139 -27% 26.6 49.3 Project Support and others 1,240 1,183 5% 22.6 40.5 Total revenu
Slide 56: Project Completion Status and Historical Order Book
Project Completion Status and Historical Order Book Buildings As of September 2023 (Php 17.5 bn) Total 18% (Php 19.6 bn) 50% 30% 18% 2% 45% Infrastructure (Php 2.1 bn) 35% 16% 2% Ongoing construction on North-South Commuter Railway for Contract Package 01 (Joint Venture with Taisei Corp.) 84% CONSOL
Slide 57: Ongoing and Prospect Bids and Estimates
Ongoing and Prospect Bids and Estimates Railways, Roads, Bridges, Buildings, Water Pre-treatment Facilities, Causeway, Data Center, LPG Terminals, Industrial Mining Plant, Type of Projects Diesel Power Plant, Reservoir, Warehouse, Hospitals, Substations/Transmission Lines, Water Pipelaying, Power Pl
Slide 58: Government Project Prospects
Government Project Prospects NORTH-SOUTH COMMUTER METRO MANILA SUBWAY PROJECT RAILWAY (PHASE 1) Source: DOTR Projects • 37-km from Valenzuela to Pasay City • Concrete Products Details • 9 packages Allied • Equipment Services for Management Total Project USD 7.4 bn or Php 355.6 bn Contractors • Formw
Slide 59: Government Project Prospects
Government Project Prospects Roads and Bridges Public-Private Partnership (PPP) (Official Development Assistance) 1 2 1. NAIA Solicited Redevelopment Project 3 4 2. UP-PGH Cancer Center Project 1. Bataan-Cavite Interlink Bridge 2. Laguna Lakeshore Road Network 3. Cebu-Mactan 4th Bridge 4. Metro Mani
Slide 60: Newly-Awarded Project
Newly-Awarded Project Design and Build of Levi Mariano Pump Station and Reservoir Location: Levi Mariano/Cayetano Boulevard corner Viejo Street., Brgy. Ligid-Tipas Client: Manila Water Company, Inc. DMCI has recently been awarded for the detailed design, supply, construction, installation, testing a
Slide 61: Newly-Awarded Project
Newly-Awarded Project Pipelaying Works (OP-23-PPL-01) Location: Poblacion, Muntinlupa Client: Maynilad Water Services Scheduled to be completed in 810 days, the pipeline will be used to convey water from the new Poblacion Water Treatment after completion to full capacity. This project consists of pi
Slide 62: Newly-Awarded Project
Newly-Awarded Project 88 MLD Las Piñas Water Reclamation Facility Location: Alabang-Zapote, Brgy. Pamplona-Uno, Las Piñas City. Client: Maynilad Water Services The project consists of the design, construction, commissioning and process proving of the Water Reclamation Facility (WRF) with an average
Slide 63: Event Feature
Event Feature Philippine General Hospital Felicidad Sy Multi-Specialty Building-Phase 2: Topping-Off Ceremony Location: Ermita, Manila Client: University of the Philippines Manila CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 63
Slide 64: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q3 2023 Q3 2023 % 9M 2023 9M 2022 % in Php millions Sep 2023 Dec 2022 % Revenues 4,453 5,371 -17% 15,189 17,818 -15% Cash and cash equivalents 4,596 3,561 29% Cost of Sales (2,699) (3,622) -25% (9,977) (12,152
Slide 65: 2023 Operational Highlights and Projects Update
2023 Operational Highlights and Projects Update Key Metrics 9M 2023 9M 2022 Change Ongoing Sales and reservations (units) 5,990 6,151 -3% No. of No. of Units Sales Value % Sold Residential units 3,733 3,434 9% Projects Parking slots 2,257 2,717 -17% 19 26,539 Php 174.0 bn 79% Ave. Selling Price (Php
Slide 66: Q3 2023 Financial Results
Q3 2023 Financial Results STANDALONE INCOME STATEMENT Q3 2023 Q3 2022 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 8,129 3,997 1,296 68 13,490 16,582 3,931 2,119 67 22,699 -41% COS (4,544) (1,785) (803) (53) (7,185) (4,465) (1,137) (1,418) (53) (7,073) 2
Slide 67: Q3 2023 Financial Results
Q3 2023 Financial Results STANDALONE INCOME STATEMENT 9M 2023 9M 2022 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 42,443 14,055 5,717 222 62,437 61,761 9,752 5,871 164 77,548 -19% COS (15,090) (5,976) (2,461) (181) (23,708) (14,241) (3,532) (3,363) (146
Slide 68: Q3 2023 Financial Results
Q3 2023 Financial Results CONSOLIDATED INCOME STATEMENT Q3 2023 Q3 2022 In Php millions COAL SCPC SLPGC Others Conso COAL SCPC SLPGC Others Conso % Revenues 6,267 3,997 1,296 68 11,628 15,042 3,931 2,119 67 21,159 -45% COS (3,521) (1,325) (667) (53) (5,566) (4,008) (437) (886) (53) (5,384) 3% OPEX (
Slide 69: 9M 2023 Financial Results
9M 2023 Financial Results CONSOLIDATED INCOME STATEMENT 9M 2023 9M 2022 In Php millions COAL SCPC SLPGC Others Conso COAL SCPC SLPGC Others Conso % Revenues 36,207 14,055 5,717 222 56,201 57,380 9,752 5,871 164 73,167 -23% COS (12,699) (3,352) (1,748) (181) (17,980) (13,116) (1,557) (2,278) (146) (1
Slide 70: 9M 2023 Financial Results
9M 2023 Financial Results CONSOLIDATED BALANCE SHEET In Php millions SMPC SCPC SLPGC Others Sep 2023 SMPC SCPC SLPGC Others Dec 2022 % Cash and cash equivalents 18,026 5,140 3,458 192 26,816 15,534 2,552 1,797 173 20,056 34% Receivables 3,562 2,240 992 41 6,835 7,447 1,074 1,650 27 10,198 -33% Inven
Slide 71: 9M 2023 Operational Highlights
9M 2023 Operational Highlights 9M 2023 9M 2022 Change Key Metrics 9M 2023 9M 2022 Change Strip Ratio Plant Availability (%) 81% 62% 31% Aggregate* 13.0 8.3 57% SCPC 94% 48% 96% Effective** 13.0 8.3 57% SLPGC 69% 76% -9% Production (in MMT) 11.8 13.7 -14% Average Capacity* (in MW) 667 696 -4% Sales V
Slide 72: 2023 Coal Segment Guidance and Updates
2023 Coal Segment Guidance and Updates SALES TARGET RAINFLOW AND SEEPAGE LEVELS 2023 and 2024 Elevated rainflow levels in July and August; seepage management focused on Narra mine 15 to 16 MMT 4 ,000 8 00 (cubic meter per hour) Rainfall in millimeter Ave. Seepage Volume 3,000 6 00 2,000 4 00 1,000 2
Slide 73: 2023 Power Segment Guidance and Updates
2023 Power Segment Guidance and Updates POWER SUPPLY ASSET SALE PLANT OUTAGES CONTRACTS 2023F Outage Days SLPGC 50MW Gas Turbine Total Sale Price H2 2023 SCPC U1 32 152 MW US$12.6M 16 Sep 30 Sep 27 Oct 28 Oct SCPC U2 32 SLPGC Unit 2 SLPGC U1 129 SCPC Unit 2 61% Under Evaluation Of the total sale pri
Slide 74: 2023 Plant Outage Summary
2023 Plant Outage Summary Unit 1 Unit 1 Planned Unplanned Planned Unplanned • October 28 to November • January 20 to February 1 • May 1 to 13 16 (target) • May 15 to June 14 • none • June 17 to August 23 Unit 2 Planned Unplanned • September 20 to 28 • January 12 to 13 • October 28 to November 6 • Ap
Slide 75: 9M 2023 Financial Results
9M 2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q3 2023 Q3 2022 % 9M 2023 9M 2022 % in Php millions Sep 2023 Dec 2022 % Revenues 1,863 2,133 -13% 5,640 5,489 3% Cash and cash equivalents 360 197 83% Receivables 2,877 3,496 -18% Cost of Sales (1,432) (1,7
Slide 76: 9M 2023 Operating Highlights
9M 2023 Operating Highlights Key Metrics 9M 2023 9M 2022 Change INSTALLED CAPACITY Gross Generation (in GWh) 360.4 336.1 7% 159.76 MW Masbate 127.7 124.5 3% Palawan 154.2 131.0 18% Oriental Mindoro 78.6 80.6 -2% By Fuel Type By Location Installed Capacity (in MW) 159.8 136.4 17% Oriental Coal Mindor
Slide 77: 9M 2023 Financial Results
9M 2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q3 2023 Q3 2022 % 9M 2023 9M 2022 % in Php millions Sep 2023 Dec 2022 % Revenues 158 240 -34% 2,552 2,877 -11% Cash and cash equivalents 705 1,101 -36% Cost of Sales (100) (75) 33% (647) (512) 26% Receivabl
Slide 78: 9M 2023 Operating Highlights
9M 2023 Operating Highlights Key Metrics 9M 2023 9M 2022 Change Selling Prices, Nickel Grade and Forex Production* (in WMT ‘000) 1,312 716 83% 60 1.50% 54 55 Shipment (in WMT ‘000) 1,205 1,092 10% 51 49 49 BNC - 361 -100% 50 1.46% 48 1.45% ZDMC 1,205 731 65% 40 42 Inventory (in WMT ‘000) 174 109 60%
Slide 79: 9M 2023 Financial Results
9M 2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q3 2023 Q3 2022 % 9M 2023 9M 2022 % in Php millions Sep 2023 Dec 2022 % Revenues 6,956 5,923 17% 20,269 17,128 18% Cash and cash equivalents 5,923 10,439 -43% Cost of Sales (1,252) (1,204) 4% (4,066) (3,373
Slide 80: 9M 2023 Operating Highlights
9M 2023 Operating Highlights Key Metrics 9M 2023 9M 2022 Change POPULATION SERVED & AVAILABILITY Production* (in MCM) 580.1 563.4 3% 10.4 97.5 92.7 120.0 Billed Volume (in MCM) 402.9 393.7 2% 10.2 58.8 98.0 96.4 100.0 Customer Mix 80.0 10 Domestic 81.7% 83.0% -2% 60.0 9.8 10.3 Commercial 18.3% 17.0%
Slide 81: Disclaimer Contact Information
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