Semirara Mining & Power Corp. · PSE:SCC
Semirara Mining & Power — Q1 2025 Earnings Presentation
52 slides from Semirara Mining & Power's earnings presentation, May 6, 2025
Slide 1: Q1 2025 Analysts' Briefing
Q1 2025 Analysts’ Briefing 06 May 2025 Makati City via remote communication
Slide 2: Q1 2025 Group Highlights
Q1 2025 GROUP HIGHLIGHTS Operations and contracting buffer softer market § Net income and EPS fell 33% to § Coal contribution dropped 43% to § Power contribution down 11% to Php 4.35 bn and Php 1.02/share, Php 2.42 bn, due to weaker prices, Php 2.01 bn, mainly due to respectively, on stabilizing coa
Slide 3: Coal Market Snapshot
COAL MARKET SNAPSHOT Benchmarks dip as market settles Forecast Ave. Q2 2025 450 NEWC: US$93.5 ICI4: US$47.8 400 Indonesia New Russian sanctions, High China 350 Export normalizing demand, and Europe Ban Asian oversupply 300 stockpiles Russia – Ukraine war and sanctions; In US$/ton 250 Pivot of Europe
Slide 4: Power Market Snapshot
POWER MARKET SNAPSHOT New capacities moderate spot prices Forecast Ave. Q2 2025 Peak Luzon El Niño season; Peak Luzon La Niña season; Php 4.78 18,000 NEWC peak: $433.9 Malampaya Heat Index: Reintegration and additional Heat Index: 2,700MW+ addt’l 10.00 Brent peak: $121.6 outage 48°C capacity of majo
Slide 5: Group Earnings Breakdown and Review
GROUP EARNINGS BREAKDOWN AND REVIEW Earnings eased as coal market normalizes Key Takeaways In PHP mn Q1 2025 Q1 2024 Change ● Quarterly earnings declined due to continued normalization of Coal 2,417 4,256 -43% coal selling prices, partly offset by stronger power performance Power 2,011 2,272 -11% ●
Slide 6: Group Income Statement Highlights
GROUP INCOME STATEMENT HIGHLIGHTS SMPC well-positioned for energy market shifts Key Takeaways In PHP mn Q1 2025 Q1 2024 Change ● Revenues declined due to lower coal selling prices and Revenues 16,509 18,426 -10% shipments 9,819 10,036 -2% Cash Cost** ● Cash costs dipped, as higher coal production co
Slide 7: Coal Standalone Financial Highlights
COAL STANDALONE FINANCIAL HIGHLIGHTS Lighter leverage amid normalizing coal prices Key Takeaways In PHP mn Q1 2025 Q1 2024 Change ● Revenues declined due to stabilizing selling prices, lower quality Revenues 11,777 14,300 -18% sold and slight drop in shipments COS – Cash Cost 6,227 6,038 3% ● Cash c
Slide 8: Coal Standalone: Output up on better mine access
COAL STANDALONE FINANCIAL HIGHLIGHTS Output up on better mine access; exports stable Key Takeaways Q1 2025 Q1 2024 Change ● Higher production and lower S/R from better access to seams at Strip Ratio (S/R) Narra mine North Blocks 3 and 4, following continuous stripping in Aggregate* 11.7 12.5 -7% 202
Slide 9: Power Standalone Financial Highlights
POWER STANDALONE FINANCIAL HIGHLIGHTS Stronger generation and stable ASP lift earnings Key Takeaways In PHP mn Q1 2025 Q1 2024 Change ● Revenues up on stronger power generation with stable ASP; Revenues 6,306 5,727 10% standalone net income improved with operating performance Cash Cost* 3,506 3,177
Slide 10: Power Operating Highlights
POWER OPERATING HIGHLIGHTS Capacity recovery and better contracts boost sales Key Takeaways Key Metrics Q1 2025 Q1 2024 Change ● Overall availability slipped as outage days rose to 41 (from 31), due Plant Availability (%) 89% 92% -3% to continued planned maintenance of SCPC Unit 1 and SLPGC Unit 2 S
Slide 11: Outlook
OUTLOOK Strong fundamentals for the evolving markets DRIVERS §Domestic industrial requirements §Strategic supply contracting §Foreign demand for mid-to-low calorific coal §Enhanced fuel efficiency and plant performance §Mine site production efficiency §Infrastructure improvements RISKS §Global deman
Slide 12: Key Takeaways
Key Takeaways ● Earnings softened as coal prices normalized, but strong operational performance in power, coal and overall contracting supported overall results ● SMPC continues to focus on efficiency, cost management and customer growth to strengthen competitiveness ● Strong financial position prov
Slide 13: Annex
ANNEX • Coal Segment Updates • Power Segment Updates • ESG Updates • Market Outlook • Consolidated Capex • Debt Profile • Power segment, SCPC and SLPGC Highlights • 2025 Plant Outages Summary • Statements of Income and Financial Position
Slide 14: 2025 Coal Segment Guidance
2025 Coal Segment Guidance Shipments Pricing Target Mix Target Quality Mix Income Tax Holiday Guidance Domestic Non- 57% commercial Narra Mine Spot Indexed and Fixed Grade 16 32% Extended up to May 2025 MMT 43% 57% Eligible to apply for one (1) more bonus year, Commercial Exports Grade subject to BO
Slide 15: 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 43.6 MW SLPGC Unit 1 30 days SLPGC Unit 2 2026 25 days 100 MW SCPC 244.5 243.0 486.0 7 October 2025 20 January 2026 Under Negotiation SCPC Unit 1 S
Slide 16: Climate-Nature Stewardship
Climate-Nature Stewardship PROTECTION AND RESTORATION TERRESTRIAL BIODIVERSITY AND HABITATS Terrestrial Ecosystem Restoration and Conservation 1.3K ha TERRESTRIAL HABITATS RESTORED AND PROTECTED 586 ha* 537 ha* 2.15M MINED-OUT REFORESTED AREA TOTAL TREES AREA OUTSIDE MINE AREA PLANTED TO REFORESTED
Slide 17: Climate-Nature Stewardship
Climate-Nature Stewardship PROTECTION AND RESTORATION TERRESTRIAL BIODIVERSITY AND HABITATS Terrestrial Ecosystem Restoration and Conservation 151 681 917 BIRDS IN BIRDS IN TOTAL BIRDS ENDANGERED VULNERABLE IN SBCC STATUS STATUS 692 268 25 ENDANGERED TOTAL REPTILES TOTAL MAMMALS PHILIPPINE BOX IN SB
Slide 18: Climate-Nature Stewardship
Climate-Nature Stewardship PROTECTION AND RESTORATION MARINE AND COASTAL BIODIVERSITY AND HABITATS Marine and Coastal Ecosystem Restoration and Conservation 8 out of 12* 81K* KNOWN GIANT GIANT CLAMS CLAM SPECIES RESEEDED PROPAGATED SINCE 2010 295 ha 4 MARINE HABITATS LOCAL MARINE PROTECTED RESTORED
Slide 19: Social Inclusion
Social Inclusion DIVERSTY, EQUALITY, INCLUSION EMPLOYMENT AND EQUAL OPPORTUNITY 4,265 538 2,011 347 COAL SEGMENT POWER SEGMENT COAL SEGMENT POWER SEGMENT DIRECT EMPLOYEES DIRECT EMPLOYEES EMPLOYEES FROM EMPLOYEES FROM HOST COMMUNITY1 HOST COMMUNITY2 306 85 COAL SEGMENT POWER SEGMENT FEMALE DIRECT FE
Slide 20: Social Inclusion
Social Inclusion DIVERSTY, EQUALITY, INCLUSION EMPLOYMENT AND EQUAL OPPORTUNITY 35.3 24.8 2 14 COAL SEGMENT AVG. POWER SEGMENT AVG. NEW SUPPLIERS NEW SUPPLIERS TRAINING HOURS PER TRAINING HOURS PER ACCREDITED USING ACCREDITED USING EMPLOYEE EMPLOYEE ENVIRONMENTAL SOCIAL CRITERIA CRITERIA 42.5 29.3 C
Slide 21: Social Inclusion
Social Inclusion EMPLOYEE WELFARE SAFETY AND HEALTH 1.54 1.67 0 TOTAL LTIFR DIRECT COAL SEGMENT POWER SEGMENT EMPLOYEES LTIFR DIRECT LTIFR DIRECT EMPLOYEES EMPLOYEES 0.87 0 2.73 TOTAL LTIFR COAL SEGMENT POWER SEGMENT CONTRACTORS/ LTIFR LTIFR INDIRECT EMPLOYEES CONTRACTORS/ CONTRACTORS/ INDIRECT EMPL
Slide 22: Social Inclusion
Social Inclusion RESILIENT INFRASTRUCTURES TRANSPORTATION AND CONNECTIVITY 51 KM 1.8 KM SEMIRARA ISLAND SEMIRARA ISLAND INTERCONNECTED AIRSTRIP ROAD NETWORK 1 4 SHIP PORTS TELECOMMUNICATION TOWERS WITH 4G CONNECTIVITY Note: All figures and data apply to Coal Segment only UPDATES • OUTLOOK • CAPEX •
Slide 23: Social Inclusion
Social Inclusion RESILIENT INFRASTRUCTURES TRANSPORTATION AND CONNECTIVITY 200 194K MAX PASSENGER PASSENGERS CAPACITY OF TRANSPORTED BY MV MV MA. CRISTINA MA. CRISTINE SINCE 2016 10 7.9K VEHICLES FOR FREE DAILY PASSENGERS OF SHUTTLE SERVICE IN FREE SHUTTLE SERVICE SEMIRARA ISLAND Note: All figures a
Slide 24: Social Inclusion
Social Inclusion RESILIENT INFRASTRUCTURES COMMERCIAL AND BUSINESS HUBS 776 1 REGISTERED MSME RURAL BANKS WITH IN SEMIRARA ATM IN SEMIRARA ISLAND ISLAND 38 71 MSME TENANTS IN MSME TENANTS IN SEMIRARA FOOD SEMIRARA WET & DRY COURT MARKET Note: All figures and data apply to Coal Segment only UPDATES •
Slide 25: Social Inclusion
Social Inclusion BROADER ACCESS FOR ALL EDUCATION 26 29 COAL SEGMENT POWER SEGM ENT CURRENT COMMUNITY CURRENT COMMUNITY SCHOLARS SCHOLARS 108 86 COAL SEGMENT POWER SEGMENT COMMUNITY SCHOLARSHIP COMMUNITY SCHOLARSHIP GRADUATES GRADUATES 247* 92* ALTERNATIVE LEARNING ALTERNATIVE LEARNING SYSTEM (ALS)
Slide 26: Social Inclusion
Social Inclusion BROADER ACCESS FOR ALL EDUCATION 5K* DIVINE WORD SCHOOL OF SEMIRARA ISLAND, INC. (DWSSII) GRADUATES SINCE 2003 1.8K* SEMIRARA TRAINING CENTER, INC. (STCI) TECHNICAL SKILL GRADUATES SINCE 2006 1.2K** SCPC AND SLPGC SKILLS TRAINING PROGRAM GRADUATES SINCE 2012 * Applies to Coal Segmen
Slide 27: Social Inclusion
Social Inclusion BROADER ACCESS FOR ALL COMMUNITY HEALTH AND WELFARE 1* 15* DOH-ACCREDITED AND BED CAPACITY OF THE PHILHEATH-LICENSED INFIRMARY INFIRMARY IN SEMIRARA ISLAND 232K* PATIENTS SERVED BY SMPC INFIRMARY SINCE 2016 408 MEDICAL MISSION BENEFICIARIES IN 2025 *Applies to Coal Segment only UPDA
Slide 28: Social Inclusion
Social Inclusion NON-MINING LIVELIHOOD TAILORING AND HANDICRAFTS 22 25 17 WOMEN DRESSMAKERS HANDICRAFTS AND CONCRETE HOLLOW BLOCKS FROM SEMIRARA WOODWORKING (CHB) FABRICATION WORKERS WOMEN’S ORGANIZATION WORKERS Note: All figures and data apply to Coal Segment only UPDATES • OUTLOOK • CAPEX • DEBT P
Slide 29: Social Inclusion
Social Inclusion NON-MINING LIVELIHOOD AGRO-LIVESTOCK FARMING 1 9 POULTRY MODEL FARM POULTRY MODEL FARM WORKERS 1 3 ASSOCIATION INDIVIDUAL BENEFICIARIES OF BENEFICIARIES OF POULTRY LIVELIHOOD POULTRY LIVELIHOOD PROJECT PROJECT 1 48 AGRO MODEL FARM AGRO MODEL FARM WORKERS 7.8K 46.3K CHICKEN EGGS QUAI
Slide 30: Social Inclusion
Social Inclusion NON-MINING LIVELIHOOD AQUACULTURE AND FISHERIES 75 7.2K kg FISHERFOLK BENEFICIARIES TOTAL FISH CAUGHT OF FIBERGLASS BOATS & IN 2025 FISHING IMPLEMENTS 1 8 SEAWEED CHIPS SEAWEED CHIPS PROCESSING FACILITY PROCESSING WORKER BENEFICIARIES 160 SEAWEED FARMING BENEFICIARIES Note: All figu
Slide 31: Awards & Recognition
Awards & Recognition SMPC received gold at the 2025 FinanceAsia’s Best Managed Companies Poll SMPC has been honored with a prestigious Gold Award at the 29th Asia’s Best Companies Awards, hosted by regional business publication Finance Asia. SMPC won in the Best Managed - Basic Materials category af
Slide 32: ESG News & Updates
ESG News & Updates SMPC Chairman Sid Consunji, shares leadership insights at SharePHIL’s 1st General Membership Meeting In a powerful opening to SharePHIL’s 2025 calendar, DMCI Holdings and SMPC Chairman Isidro Consunji headlined the 1st General Membership Meeting with the theme “Passing the Torch:
Slide 33: ESG News & Updates: Education
ESG News & Updates: Education SMPC and DepEd-Antique break ground on first ALS building in Anini-y SMPC, in partnership with DepEd-Antique, marked a historic first with the groundbreaking of an Alternative Learning System (ALS) building beside Anini-y Central Elementary School. This two-classroom fa
Slide 34: ESG News & Updates: Education
ESG News & Updates: Education DWSSII celebrates academic excellence with first-ever Dean’s List awards The Tertiary Education Program (TEP) of Divine Word School of Semirara Island, Inc. (DWSSII) proudly celebrated its first-ever batch of Dean’s Listers for the First Semester of A.Y. 2024–2025. Held
Slide 35: ESG News & Updates: Social Inclusion
ESG News & Updates: Social Inclusion SMPC’s Agro Model Farm empowers Semirara Island’s path to food security and economic self-sufficiency Through its flagship Agro Model Farm, SMPC is enhancing food security and fostering economic empowerment for Semirara Island communities. By cultivating essentia
Slide 36: ESG News & Updates: Emergency Preparedness
ESG News & Updates: Emergency Preparedness SCPC and SLPGC support Calaca’s Fire Prevention Month kick-off SCPC and SLPGC proudly joined the City Government of Calaca in launching Fire Prevention Month 2025, reinforcing their shared commitment to community safety and preparedness. The kick-off ceremo
Slide 37: ESG News & Updates: Social Inclusion
ESG News & Updates: Social Inclusion SMPC medical mission tackles HIV awareness and prevention SMPC, in partnership with the Provincial Health Office (PHO), recently conducted its Quarterly Medical Mission, providing HIV awareness education and free screening services to 325 individuals from Baranga
Slide 38: ESG News & Updates: Environmental Stewardship
ESG News & Updates: Environmental Stewardship SMPC reseeds 50 giant clams in Barangay Alegria SMPC, together with Barangay Alegria, reseeded 50 giant clams, featuring Tridacna gigas, Hippopus hippopus, and Hippopus porcellanus, within the barangay’s marine protected area. This initiative not only su
Slide 39: ESG News & Updates: Environmental Stewardship
ESG News & Updates: Environmental Stewardship SMPC launches Love for the Environment: Green Initiatives SMPC launched Love for the Environment: Green Initiatives with the planting of 200 Molave seedlings at Purok Sigayan, Sitio Balibago. To conclude the initiative, attendees made a symbolic pledge t
Slide 40: Market Outlook
Market Outlook Newcastle Prices (in USD/MT) Indonesian Coal Index 4 (in USD/MT) WESM Spot Prices (in Php/KWh) 77 7.32 248 6.23 6.91 65 5.07 161 148 4.83 138 52 59 5.23 57 138 140 4.61 126 115 52 52 52 4.78 138 4.54 3.82 105 109 49 48 94 48 47 3.63 3.46 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2
Slide 41: Consolidated Capex
Consolidated Capex Key Takeaways In PHP bn Q1 2025 Q1 2024 Change ● Q1 group capex up 33% due to low-base effect as coal spending last Coal 2.1 1.1 91% year was concentrated in H2 0.3 0.7 -57% Power ● 2025F to rise, driven by coal segment’s re-fleeting and acquisitions Total 2.4 1.8 33% of mining an
Slide 42: Debt Profile
SCPC OPERATING HIGHLIGHTS Debt Profile In PHP billion Loans and Cash Position Loan Maturity Schedule 65% 2.1 March 2025 89% 11% Total Loans 6.0 March 2024 64% 23% 13% 58% 10.5 Cash and cash equivalents <1 year 1 to 2 years 2 to 4 years 25.0 56% Floating and Fixed 8.4 Net Cash 19.0 March 2025 100% 0.
Slide 43: SCPC Standalone Financial Highlights
SCPC STANDALONE FINANCIAL HIGHLIGHTS In PHP mn Q1 2025 Q1 2024 Change Revenues 4,314 3,456 25% Key Takeaways Cash Cost* 2,325 2,083 12% ● Revenues grew double-digits on stronger power sales, slightly Core EBITDA 1,989 1,373 45% tempered by lower selling prices D&A** 400 379 6% ● Cash costs rose due
Slide 44: SCPC Operating Highlights
SCPC OPERATING HIGHLIGHTS Q1 2025 Q1 2024 Change Key Takeaways Plant Availability (in %) 90% 86% 5% ● Overall plant availability improved as outage days dropped to 18 Unit 1 87% 100% -13% (from 25), mainly due to improved Unit 2 performance; Unit 1 Unit 2 93% 73% 27% underwent 11 days of planned mai
Slide 45: SLPGC Standalone Financial Highlights
SLPGC STANDALONE FINANCIAL HIGHLIGHTS In PHP mn Q1 2025 Q1 2024 Change Revenues 1,992 2,271 -12% Key Takeaways Cash Cost* 1,181 1,094 8% ● Revenues declined on lower plant availability, partly offset by Core EBITDA 811 1,177 -31% slightly improved selling prices D&A** 359 330 9% ● Cash costs rose du
Slide 46: SLPGC Operating Highlights
SLPGC OPERATING HIGHLIGHTS Q1 2025 Q1 2024 Change Key Takeaways Plant Availability (in %) 87% 97% -10% ● Overall plant availability declined as outage days rose to 23 Unit 1 100% 96% 4% (from 6), due to continuation of Unit 2’s 50-day planned Unit 2 75% 98% -23% maintenance (started November 14, 202
Slide 47: Historical Power Plant Performance
Historical Power Plant Performance SCPC SLPGC Gross Generation (in GWh) Gross Generation (in GWh) 3,192 3,370 2,022 1,892 1,988 1,698 2,067 1,387 1,613 963 1,019 1,713 1,112 337 999 258 1,008 527 1,730 1,455 1,805 1,757 572 1,059 969 780 699 212 436 315 2021 2022 2023 2024 Q1 2025 2021 2022 2023 202
Slide 48: 2025 Plant Outages Summary
2025 Plant Outages Summary As of April 2025 Unit 1 Unit 2 Unit 1 Unit 2 Actual Total • December 11, 2024 • November 14, 2024 Planned none none 32 days to January 11, 2025 to January 21, 2025 • January 11 to 12 • January 7 to 13 Unplanned none • January 28 to 30 15 days • April 4 to 7 • April 17 to 1
Slide 49: Standalone Statements of Income
Standalone Statements of Income Q1 2025 Q1 2024 In Php millions % COAL SCPC SLPGC CHP Others Combined COAL SCPC SLPGC Others Combined Revenues 11,777 4,314 1,992 201 18,284 14,300 3,456 2,271 61 20,088 -9% COS (6,227) (1,753) (718) (197) (8,895) (6,038) (1,469) (837) (51) (8,395) 6% Govt Share (1,12
Slide 50: Consolidated Statements of Income
Consolidated Statements of Income Q1 2025 Q1 2024 In Php millions % COAL SCPC SLPGC CHP Others Conso COAL SCPC SLPGC Others Conso Revenues 10,022 4,314 1,992 181 16,509 12,638 3,456 2,271 61 18,426 -10% COS (5,119) (1,435) (643) (177) (7,374) (5,257) (971) (592) (51) (6,871) 7% Govt Share (1,126) -
Slide 51: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position In Php millions SMPC SCPC SLPGC CHP Others Mar 2025 SMPC SCPC SLPGC CHP Others Dec 2024 % Cash and cash equivalents 7,968 1,280 992 - 252 10,492 5,203 2,215 1,517 - 532 9,467 11% Receivables 4,006 2,946 1,264 - 384 8,600 4,180 2,084 909 - 397 7,570 14% I
Slide 52: Disclaimer Contact Information
Disclaimer Contact Information Neither Semirara Mining & Power Corporation (SCC) nor its advisors make any Investor Relations Office representation regarding, and assumes no responsibility or liability for, the accuracy 3rd Floor Dacon Bldg. or completeness of, or any errors or omissions in any info
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