Dmci Holdings Inc. · PSE:DMC
Dmci — Q4 2023 Earnings Presentation
80 slides from Dmci's earnings presentation, Mar 7, 2024
Slide 1: Q4/FY 2023 Analysts' Briefing
Q4/FY 2023 Analysts’ Briefing 07 March 2024 Makati City, Philippines via remote communication
Slide 2: 2023: Historic Results on Operational Efficiency
2023: Historic Results on Operational Efficiency Dividend Payout Second-Highest Net Income Net Income § DMC § DMC § DMCI Power § SCC § SMPC § SMPC Power Segment § Maynilad Second-Highest Revenues Generation / Production Sales § DMC § SMPC § ZDMC § SMPC § DMCI Power § SMPC § DMCI Power § Maynilad § S
Slide 3: Stronger performances in the "new normal"
Stronger performances in the “new normal” CONTRIBUTION HIGHLIGHTS In Php mn Q4 2023 Q4 2022 Change § Bottom line expanded as most businesses delivered SMPC (56.65%) 2,976 2,281 30% double-digit growth DMCI Homes 712 616 16% § Best Q4 contribution from DMCI Power; DMCI ends Maynilad (25%) 412 359 15%
Slide 4: Second-best earnings on utilities boost
Second-best earnings on utilities boost In Php mn 2023 2022 Change CONTRIBUTION HIGHLIGHTS SMPC (56.65%) 15,780 22,661 -30% § Second-highest earnings ever; more than double (134%) pre-pandemic (2019) earnings of Php 10.5 bn DMCI Homes 4.569 4,469 2% Maynilad (25%) 2,090 1,467 42% § Earnings drop on
Slide 5: Q4 results nearly match 2021 record high
Q4 results nearly match 2021 record high 2021 Q/Q Pre-pandemic In Php mn Q4 2023 Q4 2021 Change Q3 2023 Change Q4 2019 Change SMPC (56.65%) 2,976 3,286 -9% 1,925 55% 1,065 179% DMCI Homes 712 1,172 -39% 1,366 -48% 1,219 -42% Maynilad (25%) 412 435 -5% 605 -32% 192 115% DMCI Power 327 153 114% 267 22
Slide 6: Lower selling prices, accomplishments temper growths
Lower selling prices, accomplishments temper growths In Php mn Q4 2023 Q4 2022 Change 2023 2022 Change CONSOLIDATED HIGHLIGHTS Revenues 30,434 28,299 8% 122,829 142,600 -14% § Q4 revenues up on increased coal and on-grid Cost of sales 15,200 14,456 5% 59,050 61,289 -4% power sales volume; FY dropped
Slide 7: Key Takeaways
In Php mn Dec 2023 Dec 2022 Change KEY TAKEAWAYS Cash and cash equivalents 32,158 28,408 13% § Total assets rose following ATH cash balance and Receivables and contract asset 53,409 56,148 -5% inventories from DMCI Homes (+ Php 5.4 bn); DMCI Inventories 67,902 61,525 10% cash balance record high of
Slide 8: Lower revenues but better margins in Q4
Lower revenues but better margins in Q4 KEY TAKEAWAYS In Php mn Q4 2023 Q4 2022 Change 2023 2022 Change Revenues 3,652 4,168 -12% 16,509 19,499 -15% § Revenues and COS fell double digits due to reduced construction activity, near-completion COS 3,181 3,708 -14% 14,477 17,108 -15% of projects and few
Slide 9: Joint ventures and project support step up
Joint ventures and project support step up Revenue Breakdown KEY TAKEAWAYS Q4 2023 Q4 2022 Change In Php mn Building* 2,122 2,534 -16% § Building Unit still top revenue source, accounted for 58% and 61% in 2023 and 2022, respectively; Infra Infrastructure 184 1,429 -87% revenues plunged on project s
Slide 10: Slow pandemic sales, cancellations clip revenues
Slow pandemic sales, cancellations clip revenues Q4 Q4 KEY TAKEAWAYS In Php mn Change 2023 2022 Change 2023 2022 Revenues 4,057 4,093 -1% 19,246 21,922 -12% § Revenues down on lower recognition from accounts sold starting 2020 and reversals from COS 2,714 2,794 -3% 12,692 14,946 -15% sales cancellat
Slide 11: New formats lift sales, sustain unbooked revenues
New formats lift sales, sustain unbooked revenues Key Metrics Q4 2023 Q4 2022 Change KEY TAKEAWAYS Sales and reservations (units) 2,294 1,550 48% § Total units sold surged on launch of Anissa Heights (ANH) Residential units 1,654 892 85% in November, accounted for 67% of residential and 36% Parking
Slide 12: Second-best results on high-volume operations
Second-best results on high-volume operations In Php mn Q4 2023 Q4 2022 Change 2023 2022 Change KEY TAKEAWAYS Revenues 20,760 17,961 16% 76,961 91,128 -16% § Q4 revenues up on higher coal and power COS 8,255 6,990 18% 26,235 24,087 9% sales volume; FY fell on normalizing markets OPEX 1,360 1,362 0%
Slide 13: ATH quarterly sales on peak production and exports
ATH quarterly sales on peak production and exports KEY TAKEAWAYS Q4 2023 Q4 2022 Change Strip Ratio § Lower S/R and higher production mainly due to (1) easier access Aggregate* 13.3 19.4 -31% to three Narra coal blocks, (2) favorable weather conditions and Effective** 13.3 17.5 -24% (3) low base eff
Slide 14: Runner-up in gross generation and spot sales
Runner-up in gross generation and spot sales Key Metrics Q4 2023 Q4 2022 Change KEY TAKEAWAYS Plant Availability (%) 79% 62% 27% § Better overall plant availability on reduced outage days (76 days SCPC 81% 31% 161% vs 139 days); total average capacity expansion on low base effect SLPGC 78% 93% -16%
Slide 15: Historic earnings on strong sequential growth
Historic earnings on strong sequential growth In Php mn Q4 Q4 Change 2023 2022 Change KEY TAKEAWAYS 2023 2022 Revenues 1,774 1,980 -10% 7,414 7,470 -1% § Q4 bottom line up double digits for 11th COS 1,254 1,642 -24% 5,794 6,173 -6% consecutive quarter OPEX 10 8 19% 28 26 6% § Revenues receded on nor
Slide 16: Masbate operations drive overall results
Masbate operations drive overall results Key Metrics Q4 2023 Q4 2022 Change KEY TAKEAWAYS Gross Generation (in GWh) 119.0 111.3 7% § Overall output driven by capacity expansions and robust demand Masbate 45.6 40.5 13% in Masbate and Palawan; Oriental Mindoro results weakened on Palawan 51.3 47.9 7%
Slide 17: Record shipments offset by weak prices, higher costs
Record shipments offset by weak prices, higher costs Q4 Q4 KEY TAKEAWAYS In Php mn Change 2023 2022 Change 2023 2022 Revenues 834 912 -9% 3,386 3,789 -11% § Q4 and FY topline receded due to anemic selling prices, partially offset by better sales COS 362 237 53% 1,019 749 36% OPEX 289 243 19% 985 854
Slide 18: Higher limit, capacity boost ZDMC output
Higher limit, capacity boost ZDMC output Key Metrics Q4 2023 Q4 2022 Change KEY TAKEAWAYS Production* (in WMT ‘000) 393 315 25% § Total production, shipment and inventory surged on Shipment* (in WMT ‘000) 475 357 33% increased capacity and mining limits after ZDMC Inventory (in WMT ‘000) 130 54 141%
Slide 19: Better results on higher demand, better rates
Better results on higher demand, better rates Q4 Q4 KEY TAKEAWAYS In Php mn Change 2023 2022 Change 2023 2022 Revenues 7,054 5,747 23% 27,323 22,875 19% § Revenues grew double digits on higher billed volume , average effective tariff and government Total cash cost 3,103 2,926 6% 10,089 8,617 17% tax
Slide 20: Improvements seen across all key operating metrics
Improvements seen across all key operating metrics Key Metrics Q4 2023 Q4 2022 Change KEY TAKEAWAYS Production* (in MCM) 194.7 192.8 1% § Highest Q4 total production on record due to improved Angat Billed Volume (in MCM) 135.6 133.2 2% supply and augmentation initiatives, i.e. higher cross-border Cu
Slide 21: Summary
Summary Stronger Q4 performances in the “new normal” lead to second-best FY earnings Lower revenues but better Slow pandemic sales, cancellations clip margins in Q4 revenues Second-best results on high- Historic earnings on strong sequential volume operations growth Record shipments offset by weak B
Slide 22: 2024 Outlook
2024 Outlook DMCI Group to optimize operations, tap synergies to combat market headwinds Focus on infrastructure and New product formats, JVs to drive sales, industrial projects to rebuild maximize synergies and reduce order book financial risks Concentrate on production, Rising demand, fresh capaci
Slide 23: 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 23
Slide 24: Capex Update
Capex Update In Php bn Q4 2023 Q4 2022 Change 2023 2022 Change DMCI 0.0 0.1 -100% 0.4 0.2 100% DMCI Homes 3.9 3.7 5% 15.9 15.8 1% SMPC 1.0 0.7 43% 4.0 4.3 -7% DMCI Power 0.2 0.4 -50% 0.9 1.9 -53% DMCI Mining 0.0 0.2 -100% 0.3 0.5 -40% Maynilad 5.2 5.0 4% 19.7 15.3 29% Total 10.3 10.1 2% 41.2 38.0 8%
Slide 25: Market Forecasts
Market Forecasts NEWCASTLE PRICES WESM SPOT PRICES In USD/MT In Php/KWh 421 As of February 20, 2024 377 379 8.02 8.41 7.32 264 6.54 2019 4.66 2019 77.8 161 148 136 6.58 248 6.23 5.07 2020 2.27 2020 60.4 4.83 122 123 127 5.32 2021 4.83 2021 137.3 125 4.47 4.58 4.36 2022 7.39 2022 360.2 Q1 Q2 Q3 Q4 Q1
Slide 26: Debt Profile As of December 31, 2023
Debt Profile As of December 31, 2023 LOAN MATURITY SCHEDULE FLOATING AND FIXED Php 49.7 bn Consolidated 20% 81% Consolidated 16% 12% 45% 27% DMCI n.a. DMCI Homes 10% 90% Php 0 DMCI SMPC 33% 67% DMCI Power 70% 35% Php 37.6 bn DMCI Mining 100% DMCI Homes 6% 8% 53% 33% *also pertains to fixed loans sub
Slide 27: Environmental Stewardship Q4 2023
Environmental Stewardship Q4 2023 512 ha 4.7k 6,908 MT 21% Reforested Areas Trees Planted Waste Generated Recycling Rate 3.5k 13 24% Mangroves Animals Protected New Suppliers Accredited Planted or Reproduced Using Environmental Criteria CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MIN
Slide 28: Social Responsibility Q4 2023
Social Responsibility Q4 2023 27,123 7.3% 5,869 3 2.4 Direct Employees Female Direct Indirect Employees Average Training Average Training Employees Hours (per employee) Hours (male) 0.02 0.01 8 99% Average Training New Suppliers Accredited LTIFR Employees LTIFR Contractors Hours (female) Using Socia
Slide 29: ESG Highlights
ESG Highlights DMCI Holdings publishes first Diversity, Equity and Inclusion (DEI) Report Scan QR code to access report CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD • SUMMARY • OUTLOOK 29
Slide 30: ESG Highlights
ESG Highlights DMCI supports ‘Hooked on Books’ Library DMCI joined the launch of the Hooked on Books (HOB) Library at Ricardo P. Cruz Sr. Elementary School in Lower Bicutan, Taguig City last October 15, 2023. As part of its Corporate Social Responsibility (CSR) initiatives, DMCI, in collaboration wi
Slide 31: ESG Highlights
ESG Highlights DMCI Homes sponsors San Juan Artists Group Art Exhibit The San Juan Artists Group organized an art exhibit titled “Lipad” last December 8, 2023 to celebrate the diverse avian biodiversity and natural beauty of San Juan, Batangas, the host community of DMCI Homes’ Solmera Coast develop
Slide 32: ESG Highlights
ESG Highlights DMCI Homes wins PH Best Employers Award 2024 DMCI Homes is again part of the Philippine Daily Inquirer and Statista’s list of The Philippines’ Best Employers for 2024. The company is honored to be among the Top 300 companies highly recommended by employees, fueling DMCI Homes’ commitm
Slide 33: ESG Highlights
ESG Highlights DPC-Calapan ‘Malasakit sa Komunidad’ Program The ‘Malasakit sa Komunidad’ program held last November 2023 is a collaboration between DMCI Power-Calapan, Barangay Sta. Isabel Health Station, the Sangguniang Barangay of Sta. Isabel, and the City Government of Calapan, facilitated throug
Slide 34: ESG Highlights
ESG Highlights DPC-Calapan ‘Pamaskong Handog and Christmasaya’ Program DPC-Calapan supported a festive holiday season through its “Pamaskong Handog and Christmasaya” program in Oriental Mindoro last December 2023. The company hosted an event in Mabini, Victoria where 100 families were presented with
Slide 35: ESG Highlights
ESG Highlights DMPC-Mobo LGU Joint Educational Services Project DMCI Masbate Power Corporation (DMPC) collaborated with the Local Government Unit of Mobo (LGU-Mobo) to support the education sector in Mobo, Masbate. On October 6, 2023, DMPC handed over P100k worth of school supplies to LGU- Mobo, tar
Slide 36: ESG Highlights
ESG Highlights DMPC ‘Pamaskong Handog and Christmasaya’ Program To spread the festive cheer in its host communities in Masbate, DMCI Masbate Power Corporation (DMPC) organized its annual Pamaskong Handog and Christmasaya program, aiming to give back and make the holiday season joyful and memorable.
Slide 37: ESG Highlights
ESG Highlights DPC-Palawan ‘Doktor ng Barangay’ Program DMCI Power Corporation’s (DPC) "Doktor ng Barangay" program continues to make a positive impact by offering essential medical support to residents in its host communities in Palawan. The initiative is designed to assist the barangays in its com
Slide 38: ESG Highlights
ESG Highlights DPC-Palawan supports Narra Palay Festival The Palay or Rice Festival is an annual celebration in the Municipality of Narra, Palawan, serving as a thanksgiving celebration for bountiful harvests and abundant rice production. It is also a tribute to the industrious farmers who contribut
Slide 39: ESG Highlights
ESG Highlights DPC-Palawan ‘Pamaskong Handog and Christmasaya’ Program DPC-Calapan supported a festive holiday season through its “Pamaskong Handog and Christmasaya” program in Palawan last December 2023. The company hosted Christmas parties, facilitating games and providing food to the residents of
Slide 40: 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 P186k in Q4 2023. This includes the provision of construction materials and educational materials fo
Slide 41: ESG Highlights
ESG Highlights ZDMC Health Program In Q4 2023, DMCI Mining extended diverse health assistance initiatives to multiple barangays in Zambales, committing a total expenditure of P651k. This effort involved supporting over 200 undernourished children through targeted feeding programs in barangays Lucapo
Slide 42: 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 P486k in Q4 2023. The company actively supported training sessions and seminars for over 10
Slide 43: 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 P159k in Q4 2023. Fifty members of the Lucapon South Women's Organization benefitted from the provision of equipme
Slide 44: ESG Highlights
ESG Highlights ZDMC Socio-Cultural Values Program DMCI Mining extended assistance to several socio-cultural activities of barangays Lucapon South, Bayto, Uacon, Pinagrealan and Lauis by providing materials and subsidies. This initiative aimed to contribute to the enrichment of the local culture and
Slide 45: ESG Highlights
ESG Highlights BNC Information and Education Campaign In November 2023, an Information Educational Campaign (IEC) was conducted alongside the distribution of books, bags and school supplies at Bgy. Calumpang Elementary School and Brgy. Berong Elementary School in Quezon, Palawan. This initiative aim
Slide 46: ESG Highlights
ESG Highlights BNC supports various schools in host community In October 2023, the company supported the improvement of various educational facilities. This involved providing construction materials and covering labor costs for the landmark at Berong Elementary School. Support was also extended to C
Slide 47: ESG Highlights
ESG Highlights BNC extends assistance to host community year-end celebrations In December 2023, BNC played a supportive role in community celebrations by providing assorted items, goods, and financial assistance during the Year-End festivities, barangay school Christmas parties, and barangay fiestas
Slide 48: ESG Highlights
ESG Highlights BNC Health Services Program DMCI Mining offered essential healthcare and community health services to Barangay Berong, Aramaywan, and their neighboring barangays in the Municipality of Quezon, Palawan last November 2023. As part of this initiative, community members were provided with
Slide 49: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement in Php millions Q4 2023 Q4 2022 % 2023 2022 % Revenues 30,434 28,299 8% 122,829 142,600 -14% Cost of Sales (15,200) (14,456) 5% (59,050) (61,289) -4% Operating Expenses (3,208) (3,187) 1% (9,508) (8,640) 10% Government share (Coal) (3,323) (2,274) 46%
Slide 50: Parent Balance Sheet
Parent Balance Sheet In Php millions Dec 2023 Dec 2022 % Cash and cash equivalents 3,169 2,086 52% Receivables 707 1,209 -42% Investments in subsidiaries and assoc. 15,450 15,450 0% Other assets 68 59 15% Total Assets 19,394 18,805 3% Accounts payable 113 74 52% Other liabilities 10 9 17% Total Liab
Slide 51: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT in Php millions Q4 2023 Q4 2022 % 2023 2022 % Revenues 3,652 4,168 -12% 16,509 19,499 -15% Cost of Sales (3,181) (3,708) -14% (14,477) (17,108) -15% Operating Expenses (100) (161) -38% (441) (514) -14% Total Cash Cost (3,280) (3,870) -15% (14,918) (
Slide 52: 2023 Financial Results
2023 Financial Results CONDENSED BALANCE SHEET Total, Total, In Php millions DMCI JV DMCI JV % Dec 2023* Dec 2022* Cash and cash equivalents 2,422 2,130 4,553 765 642 1,407 224% Receivables 6,428 2,714 8,213 8,024 1,964 9,225 -11% CIE 1,685 1,100 2,785 1,093 1,188 2,281 22% Inventories 597 2 599 983
Slide 53: 2023 Revenue Breakdown and Historical Order Book
2023 Revenue Breakdown and Historical Order Book Revenue Breakdown In Php mn 2023 2022 Change Order Book (in Php bn) Building* 9,195 8,586 7% 68.2 Infrastructure 2,432 6,384 -62% 58.7 Joint Ventures 3,172 3,041 4% 26.6 49.3 Project Support and others 1,710 1,487 15% 22.6 41.9 Total revenues 16,509 1
Slide 54: Project Completion Status and Historical Order Book
Project Completion Status and Historical Order Book Buildings As of December 2023 (Php 19.7 bn) Total 25% (Php 22.0 bn) 14% 59% 2% 24% Infrastructure (Php 2.3 bn) 53% 21% 2% 21% Ongoing construction on North-South Commuter Railway for Contract Package 01 (Joint Venture with Taisei Corp.) 79% CONSOLI
Slide 55: Ongoing and Prospect Bids and Estimates
Ongoing and Prospect Bids and Estimates Railways, Roads, Bridges, Buildings, Water Pre-treatment Facilities, Causeway, Jetty, Ports, Piers, Data Center, LPG Terminals, Fuel Depot, Industrial Mining Plant, Water Type of Projects Treatment Plant, Sewage Treatment Plant, Pumping Stations & Reservoir, W
Slide 56: 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 57: Government Project Prospects
Government Project Prospects Roads and Bridges Public-Private Partnership (PPP) (Official Development Assistance) 1 2 3 4 1. Bataan-Cavite Interlink Bridge UP-PGH Cancer Center Project 2. Laguna Lakeshore Road Network 3. Cebu-Mactan 4th Bridge 4. Metro Manila Priority Bridges Project CONSOLIDATED •
Slide 58: Newly-Awarded Project
Newly-Awarded Project St. Luke's Medical Center Quezon City - New Hospital Building Location: Quezon City Client: St. Luke’s Medical Center • Construction of a 12-storey new hospital building with three basements and a roof deck. • The total covered area (CFA) of the building will be 62,316 square m
Slide 59: Newly-Awarded Project
Newly-Awarded Project Design and Build of the Augmentation of the Recovery Capacity at La Mesa Treatment Plant 1 Location: La Mesa Compounds, Quezon City Client: Maynilad Water Services • The project involves structural engineering, architectural design, mechanical and electrical works, and the impl
Slide 60: Newly-Awarded Project
Newly-Awarded Project Design and Construction of 20MLD Tunasan Water Reclamation Facility Location: Tunasan, Muntinlupa City Client: Maynilad Water Services • Design and construct of a water reclamation facility with capacity of 20,000 cubic meters per day (20MLD). • The facility will feature Biolog
Slide 61: Newly-Awarded Project
Newly-Awarded Project Pipelaying Works Location: Poblacion, Muntinlupa City Client: Maynilad Water Services • Installation of pipes with a diameter of 1800mm along Bilibid Road and within NBP, Poblacion, Muntinlupa • Trenchless: 1,556 meters • Open Trench: 1,007 meters. • Estimated project completio
Slide 62: Project Updates
Project Updates INAUGURATION OF MAYNILAD POBLACION WATER TREATMENT PLANT A new water treatment plant designed to process 150 million liters of drinking water per day (MLD) from Laguna Lake has been unveiled in Muntinlupa City. President Marcos led yesterday the inauguration of Maynilad Water Service
Slide 63: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2023 Q4 2023 % 2023 2022 % in Php millions Dec 2023 Dec 2022 % Revenues 4,057 4,093 -1% 19,246 21,911 -12% Cash and cash equivalents 4,355 3,561 22% Receivables 30,844 30,799 0% Cost of Sales (2,714) (2,794
Slide 64: 2023 Operational Highlights and Projects Update
2023 Operational Highlights and Projects Update Key Metrics 2023 2022 Change Ongoing Sales and reservations (units) 8,284 7,701 8% No. of No. of Units Sales Value % Sold Residential units 5,387 4,326 25% Projects Parking slots 2,897 3,375 -14% 20 28,871 Php 186.4 bn 78% Ave. Selling Price (Php mn/un
Slide 65: Q4 2023 Financial Results
Q4 2023 Financial Results STANDALONE INCOME STATEMENT Q4 2023 Q4 2022 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 17,376 2,855 1,771 73 22,075 14,420 2,000 2,778 57 19,255 15% COS (7,409) (1,240) (736) (67) (9,452) (5,722) (947) (1,452) (54) (8,175) 16%
Slide 66: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT 2023 2022 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 59,819 16,910 7,488 295 84,512 76,181 11,752 8,649 221 96,803 -13% COS (22,499) (7,216) (3,197) (248) (33,160) (19,963) (4,479) (4,815) (200) (29,45
Slide 67: Q4 2023 Financial Results
Q4 2023 Financial Results CONSOLIDATED INCOME STATEMENT Q4 2023 Q4 2022 In Php millions COAL SCPC SLPGC Others Conso COAL SCPC SLPGC Others Conso % Revenues 16,061 2,855 1,771 73 20,760 13,126 2,000 2,778 57 17,961 16% COS (6,792) (903) (493) (67) (8,255) (5,070) (790) (1,076) (54) (6,990) 18% OPEX
Slide 68: 2023 Financial Results
2023 Financial Results CONSOLIDATED INCOME STATEMENT 2023 2022 In Php millions COAL SCPC SLPGC Others Conso COAL SCPC SLPGC Others Conso % Revenues 52,268 16,910 7,488 295 76,961 70,506 11,752 8,649 221 91,128 -16% COS (19,491) (4,255) (2,241) (248) (26,235) (18,186) (2,347) (3,354) (200) (24,087) 9
Slide 69: 2023 Financial Results
2023 Financial Results CONSOLIDATED BALANCE SHEET In Php millions SMPC SCPC SLPGC Others Dec 2023 SMPC SCPC SLPGC Others Dec 2022 % Cash and cash equivalents 12,131 4,511 2,125 221 18,988 15,534 2,552 1,797 173 20,056 -5% Receivables 7,333 2,135 1,256 43 10,767 7,447 1,074 1,650 27 10,198 6% Invento
Slide 70: 2023 Operational Highlights
2023 Operational Highlights 2023 2022 Change Key Metrics 2023 2022 Change Strip Ratio Plant Availability (%) 81% 62% 31% Aggregate* 13.1 9.9 32% SCPC 91% 44% 107% Effective** 12.5 9.6 30% SLPGC 71% 81% -12% Production (in MMT) 16.0 16.0 0% Average Capacity* (in MW) 672 706 -5% Sales Volume (in MMT)
Slide 71: 2024 Coal Segment Guidance and Updates
2024 Coal Segment Guidance and Updates 2023 ACTUAL VS GUIDANCE SCORECARD 2024 SALES TARGET BETTER 15 to 16 MMT Pricing Target Mix HIT MISS (+5%) (+4%) Spot Indexed and Fixed Target 16 16 Domestic 15 15.8 12.8 13.3 40% Exports Actual 60% 60% 40% Sales Production Strip Ratio INCOME TAX MOLAVE MINE EAR
Slide 72: 2023 Power Segment Guidance and Updates
2023 Power Segment Guidance and Updates POWER SUPPLY TARGET CONTRACTED CAPACITY 2024 PLANT OUTAGES CONTRACTS 87.5 MW 97 MW SCPC 127.0 63.7 190.7 381.3 5 March SCPC Unit 2 (Generator Swapping) 80 days Under Negotiation and Evaluation SLPGC 111.2 23.8 135.0 270.0 1 August SLPGC Unit 1 (Regular Mainten
Slide 73: 2023 Plant Outage Summary
2023 Plant Outage Summary Unit 1 Unit 2 Unit 1 Unit 2 • October 27 to November 18 • none • none • January 7 to February 12 Planned • May 1 to 13 • January 12 to 13 • January 20 to February 1 • February 18 to 21 • April 7 to 14 • May 15 to June 14 • September 16 to October 15 • May 29 to June 7 • Jun
Slide 74: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2023 Q4 2022 % 2023 2022 % in Php millions Dec 2023 Dec 2022 % Revenues 1,774 1,980 -10% 7,414 7,470 -1% Cash and cash equivalents 214 197 9% Receivables 2,637 3,496 -25% Cost of Sales (1,254) (1,642) -24%
Slide 75: 2023 Operating Highlights
2023 Operating Highlights Key Metrics 2023 2022 Change INSTALLED CAPACITY Gross Generation (in GWh) 479.7 447.3 7% 159.76 MW Masbate 173.2 165.0 5% Palawan 205.9 178.8 15% Oriental Mindoro 100.6 103.5 -3% By Fuel Type By Location Installed Capacity (in MW) 159.8 136.4 17% Oriental Coal Mindoro Diese
Slide 76: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2023 Q4 2022 % 2023 2022 % in Php millions Dec 2023 Dec 2022 % Revenues 834 912 -9% 3,386 3,789 -11% Cash and cash equivalents 853 1,101 -23% Cost of Sales (362) (237) 53% (1,019) (749) 36% Receivables 127
Slide 77: 2023 Operating Highlights
2023 Operating Highlights Key Metrics 2023 2022 Change Selling Prices, Nickel Grade and Forex Production* (in WMT ‘000) 1,705 1,031 65% 60 55 1.50% 54 51 Shipment (in WMT ‘000) 1,680 1,449 16% 49 49 50 1.46% 48 1.45% BNC - 361 -100% ZDMC 1,680 1,088 54% 40 42 Inventory (in WMT ‘000) 130 54 141% 36 1
Slide 78: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q4 2023 Q4 2022 % 2023 2022 % in Php millions Dec 2023 Dec 2022 % Revenues 7,054 5,747 23% 27,323 22,875 19% Cash and cash equivalents 4,903 10,439 -53% Cost of Sales (1,830) (1,775) 3% (5,895) (5,148) 15% Tra
Slide 79: 2023 Operating Highlights
2023 Operating Highlights Key Metrics 2023 2022 Change POPULATION SERVED & AVAILABILITY Production* (in MCM) 774.8 756.2 2% 10.4 97.5 92.7 120.0 Billed Volume (in MCM) 538.5 526.9 2% 10.2 98.0 97.5 100.0 58.8 Customer Mix 80.0 10 Domestic 81.6% 82.7% -1% 60.0 9.8 10.3 Commercial 18.4% 17.3% 6% 40.0
Slide 80: 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