Dmci Holdings Inc. · PSE:DMC
Dmci — Q1 2024 Earnings Presentation
67 slides from Dmci's earnings presentation, May 8, 2024
Slide 1: Q1 2024 Analysts' Briefing
Q1 2024 Analysts’ Briefing 08 May 2024 | Makati City via remote communication
Slide 2: Reduced profitability on mostly weak contributions
CONTRIBUTION HIGHLIGHTS Reduced profitability on mostly weak contributions In Php mn Q1 2024 Q1 2023 Change KEY TAKEAWAYS SMPC (56.65%) 3,691 5,114 -28% § Earnings dropped YoY on weaker contributions from core businesses but improved QoQ (+19% from Php 4.7 bn) and DMCI Homes 684 994 -31% versus pre-
Slide 3: Challenging markets weigh down topline
CONSOLIDATED HIGHLIGHTS Challenging markets weigh down topline In Php mn Q1 2024 Q1 2023* Change KEY TAKEAWAYS Revenues 27,430 33,032 -17% § Revenues fell on weaker commodity and electricity prices, lower Cost of sales 13,396 13,396 0% construction accomplishments and less real estate accounts Core
Slide 4: Consolidated Balance Sheet Highlights
CONSOLIDATED BALANCE SHEET HIGHLIGHTS In Php mn Mar 2024 Dec 2023 Change KEY TAKEAWAYS Cash and cash equivalents 38,665 32,158 20% § Total assets flat as higher cash generation and investments in Receivables and contract asset 51,180 53,408 -4% Inventories 67,943 67,902 0% associates offset reduced
Slide 5: Revenues slump on sluggish order book, project delays
CONSTRUCTION FINANCIAL HIGHLIGHTS Revenues slump on sluggish order book, project delays In Php mn Q1 2024 Q1 2023 Change KEY TAKEAWAYS Revenues 3,693 4,511 -18% § Revenues contracted on combined effect of reduced COS 3,242 3,896 -17% construction activities, project delays and less ongoing OPEX 149
Slide 6: Falling backlog on slow contract replacement
CONSTRUCTION ORDER BOOK Falling backlog on slow contract replacement Revenue Breakdown Q1 2024 Q1 2023 Change KEY TAKEAWAYS In Php mn Building* 2,067 2,353 -12% § Topline mostly from Building projects (56%); steeper decline Infrastructure 446 1,116 -60% in Infrastructure and Allied Services due to f
Slide 7: Revenues continue to taper on slow pandemic sales
REAL ESTATE FINANCIAL HIGHLIGHTS Revenues continue to taper on slow pandemic sales In Php mn Q1 2024 Q1 2023* Change KEY TAKEAWAYS Revenues 3,061 4,849 -37% § Revenues decelerated for third consecutive quarter on lower COS 1,820 2,912 -38% recognition from both ongoing and newly-qualified accounts,
Slide 8: New product formats boost residential unit sales
REAL ESTATE OPERATIONAL HIGHLIGHTS New product formats boost residential unit sales Key Metrics Q1 2024 Q1 2023 Change KEY TAKEAWAYS Sales and reservations (units) 2,391 2,478 -4% § Decline in total units sold due to sharp drop in parking slot Residential units 1,568 1,417 11% Parking slots 823 1,06
Slide 9: Lower selling prices, higher costs curb profits
INTEGRATED ENERGY FINANCIAL HIGHLIGHTS Lower selling prices, higher costs curb profits In Php mn Q1 2024 Q1 2023 Change KEY TAKEAWAYS Revenues 18,426 20,708 -11% § Revenues declined on stabilizing coal and electricity prices, COS 6,871 5,154 33% largely offset by higher sales volume OPEX 1,134 1,117
Slide 10: Shift to single mine raises strip ratio, lowers production
COAL OPERATING HIGHLIGHTS Shift to single mine raises strip ratio, lowers production Q1 2024 Q1 2023 Change KEY TAKEAWAYS Strip Ratio (S/R) ● Higher S/R and lower production due to consolidation of operations Aggregate* 12.5 8.4 49% 12.5 8.4 49% to a single mine (Narra), increased stripping activiti
Slide 11: Best-ever plant availability softens blow of lower prices
ON-GRID POWER OPERATING HIGHLIGHTS Best-ever plant availability softens blow of lower prices Key Metrics Q1 2024 Q1 2023 Change KEY TAKEAWAYS Plant Availability (%) 92% 87% 6% § Highest plant availability since the DMCI Group entered the on-grid SCPC 86% 99% -13% power business; outage days down fro
Slide 12: Earnings nearly double on robust demand, lower fuel costs
OFF-GRID POWER FINANCIAL HIGHLIGHTS Earnings nearly double on robust demand, lower fuel costs In Php mn Q1 2024 Q1 2023 Change KEY TAKEAWAYS Revenues 1,699 1,714 -1% § Topline slipped as overall ASP muted impact of higher COS 1,238 1,440 -14% dispatch; bottom line up double digits for 12th straight
Slide 13: Strong results across all key metrics
OFF-GRID POWER OPERATING HIGHLIGHTS Strong results across all key metrics Key Metrics Q1 2024 Q1 2023 Change KEY TAKEAWAYS Gross Generation (in GWh) 116.2 99.7 17% § Installed capacity, gross generation and sales volume all Masbate 42.2 36.5 16% Palawan 55.5 45.7 22% improved double digits, mostly d
Slide 14: Price challenges, operational headwinds drive losses
NICKEL FINANCIAL HIGHLIGHTS Price challenges, operational headwinds drive losses In Php mn Q1 2024 Q1 2023 Change KEY TAKEAWAYS Revenues 591 1,314 -55% § Revenues tumbled on anemic selling prices and reduced COS 279 258 8% shipments OPEX 202 266 -24% § Total cash costs decreased 8% from Php 524 mn t
Slide 15: Permit delays, Indonesian oversupply drag down results
NICKEL OPERATIONAL HIGHLIGHTS Permit delays, Indonesian oversupply drag down results Key Metrics Q1 2024 Q1 2023 Change KEY TAKEAWAYS Production* (in WMT ‘000) 454 599 -24% § Total production, shipments, and inventory contracted due Shipment* (in WMT ‘000) 473 487 -3% to permit delays at a new mine
Slide 16: Historic earnings on improved topline, slower cash costs
WATER FINANCIAL HIGHLIGHTS Historic earnings on improved topline, slower cash costs In Php mn Q1 2024 Q1 2023 Change KEY TAKEAWAYS Revenues 8,027 6,223 29% § Revenues accelerated on improved billed volume and higher Total cash cost 2,605 2,227 17% adjusted tariff; best-ever earnings for the reportin
Slide 17: Dramatic improvements in all key metrics
WATER OPERATIONAL HIGHLIGHTS Dramatic improvements in all key metrics Key Metrics Q1 2024 Q1 2023 Change KEY TAKEAWAYS Production* (in MCM) 192.2 187.1 3% § Highest-ever production for the Q1 period, driven by better Billed Volume (in MCM) 134.7 127.6 6% Angat dam supply, partial operations (50MLD)
Slide 18: Reduced profitability on mostly weak contributions
Reduced profitability on mostly weak contributions Revenues slump on sluggish order Earnings nearly double on robust book, project delays demand, lower fuel costs Pandemic-induced sales slowdown Price challenges, operational weighs on revenues headwinds drive losses Lower selling prices, higher cost
Slide 19: Updates and Outlook
Updates and Outlook Business sustainability to stem from organic growth and better operational efficiency ODA-funded industrial and 42MW pipeline capacity to boost infrastructure projects to rebuild medium-term results; 38% of order book pipeline are renewable New product formats and Permitting unde
Slide 20: 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 20
Slide 21: Capex Update
Capex Update In Php bn Q1 2024 Q1 2023 Change DMCI - 0.2 -100% DMCI Homes 4.2 4.1 2% SMPC 1.8 0.8 125% DMCI Power 0.2 0.3 -33% DMCI Mining - 0.1 -100% Maynilad* 3.5 3.0 17% Total 9.7 8.5 14% Schematic photo of 2x8MW Aborlan Bunker-Fired Plant In Php bn 2024F 2023 Change Remarks DMCI 0.2 0.4 -50% Red
Slide 22: Market Forecasts
Market Forecasts NEWCASTLE PRICES WESM SPOT PRICES In USD/MT 421 In Php/KWh As of May 2, 2024 377 379 8.02 8.41 7.32 2019 4.66 2019 77.8 264 6.54 2020 2.27 2022 2022 2020 60.4 248 6.58 161 2023 6.23 2021 4.83 148 142 2023 2021 137.3 5.07 2022 7.39 2024F 5.88 2024F 2022 360.2 126 129 140 126 4.83 4.4
Slide 23: Debt Profile
Debt Profile As of March 31, 2024 LOAN MATURITY SCHEDULE FLOATING AND FIXED Floating Fixed Php 48.0 bn Consolidated 20% 80% Consolidated 15% 32% 30% 24% DMCI n.a. DMCI Homes 10% 90% Php 0 DMCI 0% SMPC 35% 65% Php 36.8 bn DMCI Power 73% 27% DMCI Homes 5% 34% 32% 29% DMCI Mining 100% Php 6.0 bn SMPC 6
Slide 24: Environmental Stewardship Q1 2024
Environmental Stewardship Q1 2024 1.9k ha 1.2k ha 2.15m 14.9k MT Habitats Protected Reforested Areas Trees Planted Waste Generated and Restored 627k 397 33% 23% Mangroves Animals Protected or Recycling New Suppliers Planted Reproduced Rate Accredited Using Environmental Criteria CONSOLIDATED • DMCI
Slide 25: Social Responsibility Q1 2024
Social Responsibility Q1 2024 27,053 7.4% 5,683 6.4 6.1 Direct Employees Female Direct Indirect Average Training Average Training Employees Employees Hours (per employee) Hours (male) 0.03 0.01 11.2 56% LTIFR LTIFR Average Training New Suppliers Accredited Employees Contractors Hours (female) Using
Slide 26: ESG Highlights
ESG Highlights DMCI supports engineering students’ construction site visit On January 12, 2024, 100 students from Central Philippine University – Iloilo College of Engineering embarked on a construction site visit at the Philippine General Hospital-Multi-Specialty Building. This immersive experience
Slide 27: ESG Highlights
ESG Highlights DMCI Homes employees donate to Boystown Davao DMCI Homes Corporate Center employees in Makati City extended a helping hand to the Welfare Action Foundation of Davao Inc. (Boystown Davao), a charitable organization in Davao City last March 11, 2024. The donations of essential goods suc
Slide 28: ESG Highlights
ESG Highlights DMCI Power-Calapan Dental Kits Donation DMCI Power-Calapan distributed dental kits to support the health of Barangay Sta. Isabel students last March 3, 2024. These kits, comprising toothbrushes, toothpaste, soap, alcohol and hand towels, aim to promote good oral and personal hygiene p
Slide 29: ESG Highlights
ESG Highlights DMCI Masbate Power purchases dump truck for Mobo LGU DMCI Masbate Power Corporation purchased a 20 cubic meter- capacity SinoTruk Howo A7 Euro 4 Dump Truck to enhance our efforts in assisting the Mobo Local Government Unit (LGU) with the hauling of fly ash and bottom ash. This dump tr
Slide 30: ESG Highlights
ESG Highlights DMPC Adopt-an-Estero Program Aligning with our core values of "Malasakit sa Kalikasan" and "Malasakit sa Komunidad," DMPC's Corporate Relations Department (CRD) and Environment, Safety, and Health (ESH) Department teamed up to conduct our quarterly Adopt-an-Estero Program. In the firs
Slide 31: ESG Highlights
ESG Highlights DMCI Power relief assistance for fire victims in Palawan A fire on February 6 damaged homes in barangays Pagkakaisa and Bagong Silang, causing nearly a million pesos in damages and displacing 700 families. In response, DMCI Power-Palawan extended a helping hand by donating hygiene kit
Slide 32: ESG Highlights
ESG Highlights ZDMC Education and Educational Support Program In the first quarter of 2024, diverse educational support initiatives were extended to schools, students, and communities in Zambales, amounting to a total expenditure of P827k. Primary, secondary schools, and Child Development Centers be
Slide 33: ESG Highlights
ESG Highlights ZDMC Health Program DMCI Mining allocated P383.5k for diverse health assistance initiatives across multiple barangays in Zambales in Q1 2024. These initiatives included providing supplemental subsidies to five Barangay Nutrition Scholars and ninety-five Barangay Health Workers from va
Slide 34: ESG Highlights
ESG Highlights ZDMC Enterprise Development and Networking Program In Q1 2024, the company allocated P494k to provide livelihood assistance across Zambales barangays. Initiatives included equipping six farmers associations with essential farm inputs like knapsack sprayers and water pumps to boost agr
Slide 35: ESG Highlights
ESG Highlights ZDMC Infrastructure and Support Services Program DMCI Mining spent a total of P486k to provide infrastructure and support services assistance to various barangays in Zambales in Q1 2024. Projects aimed at enhancing safety and visibility included the installation of solar street lights
Slide 36: ESG Highlights
ESG Highlights BNC releases sea turtle hatchlings Berong Nickel Corporation, through its Mine Environmental Protection and Enhancement Office (MEPEO), successfully released 217 newly- hatched sea turtles in Barangay Berong's coast during the 1st Quarter of 2024. This reflects BNC's commitment to pro
Slide 37: Berong Mine Rehabilitation
Berong Mine Rehabilitation As of March 2024 25.5 207k Geotextile Installed Seedlings Produced (2.5x100 m) 112 ha Rehabilitated Area 112.8k 1,506 Seedlings Planted Coco-coir Nets Installed (2x50 m) CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 37
Slide 38: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement in Php millions Q1 2024 Q1 2023 % Revenues 27,430 33,032 -17% Cost of Sales (13,396) (13,396) 0% Operating Expenses (2,380) (2,314) 3% Government share (Coal) (2,031) (3,217) -37% Core EBITDA 9,623 14,105 -32% Equity in net earnings 664 536 24% Other i
Slide 39: Parent Balance Sheet
Parent Balance Sheet In Php millions Mar 2024 Dec 2023 % Cash and cash equivalents 4,265 3,169 35% Receivables 10,985 1,257 774% Investments in subsidiaries and assoc. 15,450 15,450 0% Other assets 68 68 -1% Total Assets 30,768 19,944 54% Accounts payable 135 113 20% Other liabilities 11 10 2% Total
Slide 40: Q1 2024 Financial Results
Q1 2024 Financial Results STANDALONE INCOME STATEMENT in Php millions Q1 2024 Q1 2023 % Revenues 3,693 4,511 -18% Cost of Sales (3,242) (3,896) -17% Operating Expenses (149) (103) 46% Total Cash Cost (3,392) (3,999) -15% Core EBITDA 301 512 -41% Noncash items (143) (189) -25% Other income (expense)
Slide 41: Q1 2024 Financial Results
Q1 2024 Financial Results CONDENSED BALANCE SHEET Total, Total, In Php millions DMCI JV DMCI JV % Mar 2024* Dec 2023* Cash and cash equivalents 2,200 2,191 4,391 2,422 2,130 4,553 -4% Receivables 6,804 2,503 8,346 6,428 2,714 8,198 2% CIE 1,606 946 2,551 1,685 1,100 2,785 -8% Inventories 704 1 705 5
Slide 42: Project Completion Status and Historical Order Book
Project Completion Status and Historical Order Book Project Completion Status Order Book (in Php bn) As of March 2024 Total Buildings (Php 38.9 bn) Php 18.0 58.7 10% 49.3 21% 22.6 20% 41.9 38.9 16% 18.7 35.2 63% 70% 19.9 15.2 14.8 18.9 10.2 Infrastructure JV 2.3 (Php 1.90 bn) (Php 18.9 bn) 3.4 2.0 2
Slide 43: Ongoing and Prospects Bids and Estimates
Ongoing and Prospects 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,
Slide 44: BBM Prospects
BBM Prospects Allied Services for North-South Metro Manila Subway Project ODA Funded Projects Commuter Railway Contractors (Phase 1) BATAAN CAVITE INTERLINK BRIDGE 1 2 METRO MANILA BRIDGES PROJECT 3 4 Source: DOTR • 37-km from Valenzuela 1. Bataan-Cavite Interlink Bridge • Concrete Products Projects
Slide 45: Newly-Awarded Project
Newly-Awarded Project 2X8.826MW DPC ABORLAN BUNKER-FIRED POWER PLANT Location: Iraan Aborlan, Palawan Client: DMCI Power Corporation • Project Management, Civil/Architectural Works including Engineering Design and Mobilization • Completion: 2024 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER •
Slide 46: Newly-Awarded Project
Newly-Awarded Project LONGPOINT CAUSEWAY Location: Aborlan, Palawan Client: Berong Nickel Corp. (BNC) • Design and Build using the Combination of PC Block and Armour Rock • Completion: 2024 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 46
Slide 47: Featured Ongoing Project
Featured Ongoing Project SOUTH COMMUTER RAILWAY PACKAGE CONTRACT PACKAGE S-02 (Joint Venture with Acciona Construction Philippines) ESPAÑA STATION Location: España, Sta. Mesa and Paco Manila Client: Department of Transportation (DOTr) A part of the North-South Commuter Railway (NSCR) System, the pac
Slide 48: Featured Ongoing Project
Featured Ongoing Project METRO MANILA SUBWAY PROJECT – PHASE 1 CONTRACT PACKAGE 102 (Joint Venture with Nishimatsu Construction Corp., Ltd.) Location: Quezon City Client: Department of Transportation (DOTr) The project includes the construction of a 3-kilometer tunnel, 2 Underground Stations at Quez
Slide 49: Featured Ongoing Project
Featured Ongoing 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 61,190 squar
Slide 50: Featured Ongoing Project
Featured Ongoing Project LAS PIÑAS WATER RECLAMATION FACILITY (88 MLD) Location: Las Pinas City Client: Maynilad Consortium Partners: Toshiba Water Solutions and Link Energie Industries Co., Inc. • Design, construction, commissioning and process proving of the Water Reclamation Facility (WRF) with 8
Slide 51: Featured Ongoing Project
Featured Ongoing 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, testi
Slide 52: Q1 2024 Financial Results
Q1 2024 Financial Results STANDALONE INCOME STATEMENT Restated* Reported* in Php millions Q1 2024 Q1 2023 % Q1 2023 % Revenues 3,061 4,849 -37% 4,849 -37% Cost of Sales (1,820) (2,912) -38% (3,168) -43% Operating Expenses (807) (762) 6% (762) 6% Total Cash Cost (2,627) (3,675) -29% (3,930) -33% Core
Slide 53: Q1 2024 Financial Results
Q1 2024 Financial Results CONDENSED BALANCE SHEET in Php millions Mar 2024 Dec 2023 % Cash and cash equivalents 4,402 4,355 1% Receivables 29,222 30,645 -5% Inventories 51,190 50,647 1% Fixed assets 1,531 1,600 -4% Investments 4,192 1,357 209% Others 6,788 8,311 -18% Total Assets 97,325 96,915 0% Ac
Slide 54: 2024 Operational Highlights
2024 Operational Highlights Ongoing No. of No. of Units Sales Value % Sold Projects 17 23,408 Php 164.9 bn 75% In the Pipeline (2024) No. of No. of Units Sales Value Projects PHOTO: Top management of DMCI Homes and Marubeni Corporation (Overseas real estate) at the unveiling of The Valeron Tower’s G
Slide 55: Q1 2024 Financial Results
Q1 2024 Financial Results STANDALONE INCOME STATEMENT Q1 2024 Q1 2023 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 14,300 3,456 2,271 61 20,088 15,492 5,559 2,096 70 23,217 -13% COS (6,038) (1,469) (837) (51) (8,395) (4,101) (2,377) (949) (59) (7,486) 12
Slide 56: Q1 2024 Financial Results
Q1 2024 Financial Results CONSOLIDATED INCOME STATEMENT Q1 2024 Q1 2023 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 12,638 3,456 2,271 61 18,426 12,983 5,559 2,096 70 20,708 -11% COS (5,257) (971) (592) (51) (6,871) (3,422) (999) (674) (59) (5,154) 33%
Slide 57: Q1 2024 Financial Results
Q1 2024 Financial Results CONSOLIDATED BALANCE SHEET In Php millions SMPC SCPC SLPGC Others Mar 2024 SMPC SCPC SLPGC Others Dec 2023 % Cash and cash equivalents 19,700 3,220 1,886 194 25,000 12,131 4,511 2,125 221 18,988 32% Receivables 5,944 2,112 1,549 44 9,649 7,333 2,135 1,256 43 10,767 -10% Inv
Slide 58: 2024 Coal Segment Guidance
2024 Coal Segment Guidance Shipments* Pricing Target Mix Domestic Spot Indexed and Fixed 60% 15 to 16 40% 60% MMT Exports 40% Production* Q1 2024 Ending Inventory 15.5 to 1.9 MMT 16 MMT 32% commercial- Strip Ratio: 13.2 grade *Based on Mine Plan as of April 2024 CONSOLIDATED • DMCI • DMCI HOMES • SM
Slide 59: 2024 Power Segment Guidance
2024 Power Segment Guidance Potential Supply Target Additional Contracted Upcoming Planned Outages Contracts Capacity 6 March (ongoing) 20 October SCPC Unit 2 SCPC Unit 1 87.5 MW (Generator Swapping) (Regular Maintenance) 135 MW SCPC 127.0 63.7 190.7 381.3 80 days 20 days SLPGC 111.2 23.8 135.0 270.
Slide 60: 2024 Plant Outages Summary
2024 Plant Outages Summary As of May 6, 2024 Unit 1 Unit 2 Unit 1 Unit 2 Actual Total • March 6 to May 25 • none • none Planned • none 80 days (target) (Target) • March 30 to April Unplanned • none • none • January 1 to 3 21 days 16 Actual Total none 80 days (target) 4 days 17 days 101 days CONSOLID
Slide 61: Q1 2024 Financial Results
Q1 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q1 2024 Q1 2023 % in Php millions Mar 2024 Dec 2023 % Revenues 1,699 1,714 -1% Cash and cash equivalents 201 214 -6% Receivables 2,694 2,637 2% Cost of Sales (1,238) (1,440) -14% Inventories 635 816 -22% Op
Slide 62: 2024 Operating Highlights
2024 Operating Highlights INSTALLED CAPACITY 159.76 MW By Fuel Type By Location Oriental Mindoro Coal Bunker 12% 19% 26% Masbate 39% PHOTO: Palawan 15MW Thermal Plant Palawan Diesel 49% 55% CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 62
Slide 63: Q1 2024 Financial Results
Q1 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q1 2024 Q1 2023 % in Php millions Mar 2024 Dec 2023 % Revenues 591 1,314 -55% Cash and cash equivalents 381 853 -55% Cost of Sales (279) (258) 8% Receivables 129 127 2% Operating Expenses (202) (266) -24% I
Slide 64: 2024 Operating Highlights
2024 Operating Highlights SELLING PRICES, NICKEL GRADE AND FOREX 60 56 1.50% 54 55 49 49 50 1.45% 48 42 40 1.36% 1.40% 36 30 30 1.35% 1.35% 1.33% 1.33% 1.32% 20 1.30% 22 10 1.25% 0 1.20% PHOTO: BNC installs 1,506 coco-coir nets at the Berong mine site as of March 2024, 29% higher than its two-year t
Slide 65: Q1 2024 Financial Results
Q1 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q1 2024 Q1 2023 % in Php millions Mar 2023 Dec 2023 % Revenues 8,027 6,223 29% Cash and cash equivalents 14,158 4,903 189% Cost of Sales (1,391) (1,316) 6% Trade and other receivables 3,800 3,623 5% Operati
Slide 66: 2024 Operating Highlights
2024 Operating Highlights POPULATION SERVED & AVAILABILITY 10.4 100.0 10.2 98.0 97.5 97.5 98.0 97.0 10 96.0 9.8 10.3 10.3 94.0 9.9 10.0 92.7 9.6 9.8 92.0 9.4 90.0 2020 2021 2022 2023 Q1 2024 Population Served (in mn) 24-hour availability (%) BILLED VOLUME (IN MCM) 45.7 45.5 43.6 Photo: PBBM inaugura
Slide 67: Disclaimer and 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