Dmci Holdings Inc. · PSE:DMC
Dmci — Q2 2023 Earnings Presentation
78 slides from Dmci's earnings presentation, Aug 10, 2023
Slide 1: Q2/H1 2023 Analysts' Briefing
Q2/H1 2023 Analysts’ Briefing 10 August 2023 Makati City via remote communication
Slide 2: Utilities mute impact of stabilizing commodities
Utilities mute impact of stabilizing commodities In Php mn Q2 2023 Q2 2022 Change CONTRIBUTION HIGHLIGHTS SMPC (56.65%) 5,765 6,110 -6% § Second highest Q2 net income in history DMCI Homes 1,387 1,308 6% § SMPC , DMCI Homes and Maynilad contributed 92% of Maynilad (25%) 474 393 21% core net income D
Slide 3: H1 lower than record high but still second-best
H1 lower than record high but still second-best In Php mn H1 2023 H1 2022 Change CONTRIBUTION HIGHLIGHTS SMPC (56.65%) 10,879 14,630 -26% § Semestral earnings down on high base effect DMCI Homes 2,491 2,722 -8% § SMPC and DMCI Homes accounted for 84% of core Maynilad (25%) 997 712 40% earnings DMCI
Slide 4: Q2 results better Q/Q, double than pre-pandemic
Q2 results better Q/Q, double than pre-pandemic YoY Q/Q Pre-pandemic In Php mn Q2 2023 Q2 2022 Change Q1 2023 Change Q2 2019 Change SMPC (56.65%) 5,765 6,110 -6% 5,114 13% 2,172 165% DMCI Homes 1,387 1,308 6% 1,104 26% 708 96% Maynilad (25%) 474 393 21% 523 -9% 676 -30% DMCI Mining 250 510 -51% 473
Slide 5: Margins healthy amid strong market headwinds
Margins healthy amid strong market headwinds In Php mn Q2 2023 Q2 2022 Change H1 2023 H1 2022 Change CONSOLIDATED HIGHLIGHTS Revenues 36,957 37,701 -2% 69,989 81,466 -14% § Q2 and H1 revenues down on normalizing Cost of sales 16,988 16,448 3% 30,640 32,336 1% commodity prices, lower construction acc
Slide 6: Key Takeaways
In Php mn Jun 2023 Dec 2022 Change KEY TAKEAWAYS Cash and cash equivalents 37,949 28,408 34% § Total assets climbed 4% largely driven by higher cash Receivables and contract asset 53,683 56,148 -4% and inventories from SMPC (+Php 8.1 bn) and DMCI Inventories 63,570 61,525 3% Homes (Php 2.2 bn), temp
Slide 7: Lower construction backlog drags down results
Lower construction backlog drags down results In Php mn Q2 2023 Q2 2022 Change H1 2023 H1 2022 Change KEY TAKEAWAYS Revenues 4,209 5,320 -21% 8,720 11,259 -23% § Lower revenue recognition dampened by COS 3,643 4,263 -15% 7,539 9,404 -20% slower construction accomplishments, delay in key infrastructu
Slide 8: Private projects softened impact from anemic market
Private projects softened impact from anemic market Revenue Breakdown KEY TAKEAWAYS Q2 2023 Q2 2022 Change In Php mn Building* 2,505 2,018 24% § Building Unit registered better topline, mainly driven by cost savings from Mi Casa, Empress and Infrastructure 747 1,602 -53% Lagoon Dredging projects Joi
Slide 9: Q2 profit rises on higher finance and other income
Q2 profit rises on higher finance and other income Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2023 2022 2023 2022 Revenues 5,887 6,498 -9% 10,736 12,447 -14% § Revenues declined largely due to less newly- qualified accounts for recognition and reversals COS 4,110 4,548 -10% 7,279 8,531 -15% f
Slide 10: Post-pandemic catch-up launches drove inventories
Post-pandemic catch-up launches drove inventories Key Metrics Q2 2023 Q2 2022 Change KEY TAKEAWAYS Sales and reservations (units) 1,289 1,512 -15% § Weaker sales on bearish market; sold units from Allegra Residential units 711 834 -15% Garden Place, Sage Residences, Verdon Parc and The Erin Parking
Slide 11: Power segment steps up to ease coal weakness
Power segment steps up to ease coal weakness In Php mn Q2 2023 Q2 2022 Change H1 2023 H1 2022 Change KEY TAKEAWAYS Revenues 23,865 22,951 4% 44,573 52,008 -14% § Q2 revenues rose 4% on improved power segment performance and coal shipments; COS 7,260 6,229 17% 12,414 11,713 6% H1 revenues down on low
Slide 12: Higher exports temper flat domestic sales, sharp ASP drop
Higher exports temper flat domestic sales, sharp ASP drop KEY TAKEAWAYS Q2 2023 Q2 2022 Change Strip Ratio § Higher S/R and lower production mainly due to onset of rains Aggregate* 17.7 11.7 51% and ongoing stripping activities in Molave South Block 6 and Effective** 17.7 11.7 51% Narra North Block
Slide 13: SCPC Unit 2 performance boosts segment results
SCPC Unit 2 performance boosts segment results Key Metrics Q2 2023 Q2 2022 Change KEY TAKEAWAYS Plant Availability (%) 80% 64% 25% § Overall plant availability, capacity and generation all improved SCPC 84% 43% 95% mainly due to commercial operation of SCPC Unit 2 (170MW SLPGC 75% 85% -12% dependabl
Slide 14: Earnings grow for nine straight quarters
Earnings grow for nine straight quarters In Php mn Q2 2023 Q2 2022 Change H1 2023 H1 2022 Change KEY TAKEAWAYS Revenues 2,063 1,979 4% 3,777 3,357 13% § Q2 and H1 revenues rose on the back of higher energy sales COS 1,672 1,628 3% 3,109 2,755 13% OPEX 6 7 -13% 12 12 3% § Q2 COS growth attributable t
Slide 15: Gross generation expands on new and rental plants
Gross generation expands on new and rental plants Key Metrics Q2 2023 Q2 2022 Change KEY TAKEAWAYS Gross Generation (in GWh) 132.0 119.6 10% § Gross generation grew double digits primarily due to Masbate 46.0 44.6 3% commercial operation of Masbate 8MW hybrid plant and Palawan 55.3 44.9 23% Oriental
Slide 16: Lower prices and forex gain trim earnings, margins
Lower prices and forex gain trim earnings, margins Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2023 2022 2023 2022 Revenues 1,080 1,216 -11% 2,394 2,637 -9% § Revenues drop mainly due to lower selling prices and foreign exchange gain, cushioned by COS 317 180 76% 562 437 28% stronger shipments
Slide 17: ZDMC production soars on ECC approval, additional capacity
ZDMC production soars on ECC approval, additional capacity Key Metrics Q2 2023 Q2 2022 Change KEY TAKEAWAYS Production* (in WMT ‘000) 523 248 111% § Total production more than doubled after ZDMC Shipment (in WMT ‘000) 487 367 33% secured Environmental Compliance Certificate BNC - 107 -100% (ECC) app
Slide 18: Bottom line surges on stronger topline and lower amortization
Bottom line surges on stronger topline and lower amortization Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2023 2022 2023 2022 Revenues 7,090 5,913 20% 13,313 11,205 19% § Revenues grew double digits on higher billed volume, better customer mix and adjusted tariff Total cash cost 2,553 1,911 34
Slide 19: Supply augmentation leads to billed volume uptick
Supply augmentation leads to billed volume uptick Key Metrics Q2 2023 Q2 2022 Change KEY TAKEAWAYS Production* (in MCM) 194.8 191.0 2% § Total water production increased due to cross-border Billed Volume (in MCM) 137.5 135.4 1% purchases, activation of a 10 MLD New Water treatment plant Customer Mix
Slide 20: Summary
Summary H1 lower than record high but still second-best because of utilities Lower construction backlog Q2 profit rises on higher finance and drags down results other income Power segment steps up to ease Earnings grow for nine straight quarters coal weakness Lower prices and forex gain trim Bottom
Slide 21: Outlook
Outlook H2 performance faces headwinds from sluggish markets, heavy rains and inflation Collection efficiency and cost Strategic launches and new product reductions key to weathering formats to drive sales; value anemic construction demand engineering to protect margins Rainy season, plant outages p
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 Q2 2023 Q2 2022 Change H1 2023 H1 2022 Change DMCI 0.0 - 100% 0.2 0.1 100% DMCI Homes 3.7 3.6 3% 7.9 7.0 13% SMPC 1.3 0.5 160% 2.1 2.5 -16% DMCI Power 0.1 0.6 -83% 0.4 1.1 -64% DMCI Mining 0.1 0.1 0% 0.2 0.1 100% Maynilad 5.3 3.5 51% 9.4 6.9 36% Total 10.7 8.3 29% 20.2 17.7 14
Slide 24: Market Forecasts
Market Forecasts PH FOB WESM SPOT PRICES Year NEWC WESM LME In Php/KWh Nickel* 2019 77.8 4.66 14,089 22 8.41 8.02 2020 60.4 2.27 13,773 41 7.32 6.54 2021 137.3 4.83 18,478 49 2022 6.58 2023 2022 360.2 7.39 25,638 60 6.23 2023F 172.2 6.01 22,725 52 5.48 5.00 *in USD/WMT, Nickel grade 1.50% **based on
Slide 25: Debt Profile
Debt Profile As of June 30, 2023 LOAN MATURITY SCHEDULE FLOATING* AND FIXED Php 51.5 bn Consolidated Consolidated DMCI DMCI Homes Php 0.6 bn SMPC DMCI Power DMCI DMCI Mining Php 36.3 bn 0% 20% 40% 60% 80% 100% DMCI Homes Floating Fixed *also pertains to fixed loans subject to repricing by Q4 2024 Ph
Slide 26: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement in Php millions Q2 2023 Q2 2022 % H1 2023 H1 2022 % Revenues 36,957 37,701 -2% 69,989 81,466 -14% Cost of Sales (16,988) (16,448) 3% (30,640) (32,336) 1% Operating Expenses (1,914) (1,899) 1% (4,228) (3,715) 38% Government share (Coal) (3,319) (4,008)
Slide 27: What's new online?
What’s new online? CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 27
Slide 28: Awards and Recognition
Awards and Recognition DMCI Holdings wins in 13th Asian Excellence Award; Named Best CEO, CFO, IR Professional and IR Company Diversified engineering conglomerate DMCI Holdings, Inc. won four prestigious titles at the 13th Asian Excellence Awards, hosted by Corporate Governance Asia in Hong Kong Spe
Slide 29: Environmental Stewardship Q2 2023
Environmental Stewardship Q2 2023 1,459 ha 893 ha 4.1m 8,780 MT 15% Habitats Protected Reforested Areas Trees Planted Waste Generated Recycling and Restored Rate 863k 218 62.5% Mangroves Animals Protected New Suppliers Accredited Planted or Reproduced Using Environmental Criteria CONSOLIDATED • DMCI
Slide 30: Social Responsibility Q2 2023
Social Responsibility Q2 2023 28,980 7% 7,147 5 4.3 Direct Employees Female Direct Indirect Employees Average Training Average Training Employees Hours (per employee) Hours (male) 0.1 0 9.2 31% Average Training New Suppliers Accredited LTIFR Employees LTIFR Contractors Hours (female) Using Social Cr
Slide 31: ESG Highlights
ESG Highlights DMCI Bloodletting Activities DMCI conducted three bloodletting activities in Q2 2023 in Makati City and Davao City, collecting a total of 103 blood units. These blood donation initiatives were in partnership with Veterans Memorial Medical Center, Philippine Red Cross - Davao, and Sant
Slide 32: ESG Highlights
ESG Highlights DMCI Clean-up Drive Activities DMCI Darong Fuel Project and DMCI Steel Fabrication conducted coastal clean-up activities at Sitio Cababalo Puting Bato, West Calaca, Batangas last May 23, 2023. On June 3, 2023, the company also partnered with Nature Advocates Society (NAS) to visit and
Slide 33: ESG Highlights
ESG Highlights DMCI Youth Exposure Program In partnership with the Youth Inclusion Network (YIN) and Enfants du Mekong (EDM), DMCI organized a job-hunting seminar at the Jesus of Nazareth Parish in Matandang Balara, Quezon City last May 27, 2023. The seminar aims to prepare the twenty-three (23) EDM
Slide 34: ESG Highlights
ESG Highlights DMCI Waste Donation On June 10, 2023, DMCI Pioneer House BGC Project donated 31 kilograms of recyclable waste (used plastic bottles) to Barangay Fort Bonifacio to support the community’s Environmental Program. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNIL
Slide 35: ESG Highlights
ESG Highlights DMCI Homes—UP Diliman College of Engineering Partnership DMCI Homes donated a P600,000-special fund for professorial chair awards and teaching research grants to augment the salary of and retain top instructors at the UP College of Engineering. CONSOLIDATED • DMCI • DMCI HOMES • SMPC
Slide 36: ESG Highlights
ESG Highlights DMCI Power Supports Rodeo Masbateño Festival 2023 DMCI Power donated P500,000 in support of Rodeo Masbateño Festival 2023. Participants from various provinces across the Philippines attended the event which ran from April 11 to 17, 2023. DMPC staff also actively took part in the openi
Slide 37: ESG Highlights
ESG Highlights DMCI Power Turnover of Handwashing Facility Last May 30, 2023, DMPC handed over the newly installed Handwashing Facility Project with 21 faucets that will cater to 420 students of Bagong Baryo Elementary School. The turnover ceremony was attended by the school staff, community leaders
Slide 38: ESG Highlights
ESG Highlights DMCI Power Clean-up Activities DMCI Power’s Corporate Relations Department, together with the Municipal Agriculture Office (MAO), spearheaded a Coastal Clean- up Activity at Brgy. Licuson, Mobo, Masbate last June 22, 2023. The event was attended by the staff of Bureau of Fisheries and
Slide 39: ESG Highlights
ESG Highlights DMCI Power Arbor Day Celebration DMCI Power employees together with the staff of CENRO- Narra and CENRO-Quezon celebrated the Arbor Day with a ceremonial tree planting activity at Brgy. Taritien, Municipality of Narra, Palawan. The participants planted a wide variety of endemic specie
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 P2.9 million in Q2 2023. This includes the provision of construction and educational materials, furn
Slide 41: 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 P958.5k in Q2 2023. This includes subsidies for barangay health workers in Naulo, Uacon, and Yamot, health supplies for undernourished children in Ba
Slide 42: 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 P673.4k in Q2 2023. This includes the provision of farming and fishing equipment and inputs, as well as spare part
Slide 43: ESG Highlights
ESG Highlights ZDMC Infrastructure and Support Services Program DMCI Mining provided various forms of infrastructure and services assistance to different barangays in Zambales with a total spending of P2.04 million in Q2 2023. This includes the provision of seventy-seven (77) units of solar streetli
Slide 44: ESG Highlights
ESG Highlights ZDMC Socio-Cultural Values Program DMCI Mining donated materials to support the cultural festivities and religious gatherings of barangays Lucapon South, Biay and Yamot. The company also provided supplemental subsidies to fifty-three (53) peace and order personnel of barangays Uacon a
Slide 45: ESG Highlights
ESG Highlights BNC Ambulance Turnover An ambulance unit was turned over to Barangay Aporawan last June 21, 2023. The donation amounted to P1.3 million. The addition aims to improve health services and provide rapid assistance during emergencies, and is set to serve 4,000 community members. CONSOLIDA
Slide 46: ESG Highlights
ESG Highlights BNC Donation of Construction Materials for KALAHI Program The company provided counterpart materials amounting to P200k for the construction of one KALAHI school building unit in Marnek Elementary School. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 46
Slide 47: ESG Highlights
ESG Highlights BNC Donation of Construction Materials for Child Development Centers DMCI Mining donated construction materials amounting to P50k for the improvement of the Child Development Centers of Sitio Labuan, Lamane and Sitio Marnek. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI
Slide 48: ESG Highlights
ESG Highlights BNC Donations for Various Municipal Activities In support of the community’s socio-cultural activities, DMCI Mining provided various financial assistance to different municipal festivals, barangay festivals, churches and women and school activities with a total spending of P250k from
Slide 49: Parent Balance Sheet
Parent Balance Sheet In Php millions Jun 2023 Dec 2022 % Cash and cash equivalents 2,829 2,086 36% Receivables 1,608 1,209 33% Investments in subsidiaries and assoc. 15,450 15,450 0% Other assets 62 59 4% Total Assets 19,949 18,804 6% Accounts payable 67 74 -9% Other liabilities 9 9 0% Total Liabili
Slide 50: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT in Php millions Q2 2023 Q2 2022 % H1 2023 H1 2022 % Revenues 4,209 5,320 -21% 8,720 11,259 -23% Cost of Sales (3,643) (4,263) -15% (7,539) (9,404) -20% Operating Expenses (127) (125) 1% (229) (239) -4% Total Cash Cost (3,770) (4,389) -14% (7,769) (9
Slide 51: 2023 Financial Results
2023 Financial Results CONDENSED BALANCE SHEET Total, Total, In Php millions DMCI JV DMCI JV % Jun 2023* Dec 2022* Cash and cash equivalents 544 1,418 1,962 765 642 1,407 39% Receivables 7,764 1,782 8,844 8,024 1,964 9,225 -4% CIE 1,913 1,365 3,278 1,093 1,188 2,281 44% Inventories 819 0 819 983 1 9
Slide 52: H1 2023 Revenue Breakdown and Historical Order Book
H1 2023 Revenue Breakdown and Historical Order Book Revenue Breakdown In Php mn H1 2023 H1 2022 Change Order Book (in Php bn) Building* 4,858 4,111 18% 68.2 Infrastructure 1,863 3,596 -48% 58.7 Joint Ventures 1,023 2,760 -63% 26.6 49.3 Project Support and others 976 792 23% 22.6 Reported net income
Slide 53: Project Completion Status and Historical Order Book
Project Completion Status and Historical Order Book As of June 2023 Order Book (in Php bn) Buildings (Php 14.6 bn) Total 68.2 (Php 16.6 bn) 21% 58.7 33% 26.6 49.3 22.6 21% 29% 38.4 29% 17% 18.7 35.2 17.5 15.2 14.8 21.8 Infrastructure 10.2 (Php 2.0 bn) 3.4 15% 2.0 35% 24.1 20.9 22% 20.4 17.0 14.6 201
Slide 54: Ongoing and Prospect Bids and Estimates
Ongoing and Prospect Bids and Estimates Buildings (Residential and Mixed Use), Data Center, Hospitals, Railways, Bridges, Roads, Causeway, Water Transmission Lines, Water Treatment Plant, Water Type of Projects Reclamation Facilities, Water Pumping Stations and Reservoir, Water Pipelaying, Fuel Impo
Slide 55: Government Project Prospects
Government Project Prospects ALLIED SERVICES FOR NORTH-SOUTH METRO MANILA SUBWAY PROJECT COMMUTER RAILWAY CONTRACTORS (PHASE 1) Source: DOTR • 37-km from Valenzuela Projects to Pasay City • Concrete Products Details • 9 packages Allied • Steel Fabrication Services • Equipment Management • Formworks
Slide 56: Project Updates
Project Updates DOTR CHIEF LEADS GROUNDBREAKING OF MMSP’S QUEZON AVE. AND EAST AVE. STATIONS QUEZON CITY, (PIA) -- Department of Transportation (DOTr) Secretary Jaime Bautista on Friday (April 28) led the groundbreaking ceremony Contract Package 102 (CP 102) ng Metro Manila Subway Project (MMSP) The
Slide 57: Project Updates
Project Updates CONTRACT SIGNING BETWEEN THE DOTR AND WINNING BIDDERS OF THE NORTH- SOUTH COMMUTER RAILWAY-SOUTH COMMUTER CONTRACT PACKAGES S-02 D.M. Consunji Inc. (DMCI) and Acciona Construction Philippines Inc., the local unit of a Spanish multinational, has signed a contract with the Department o
Slide 58: Newly-Awarded Project
Newly-Awarded Project DLSU Laguna University Hall and Razon Hall Location: Biñan, Laguna Client: De La Salle University The project is situated on De La Salle University’s 50-hectare campus, to create a learning environment within the urban- suburban mix of Biñan and Santa Rosa City.* The four-floor
Slide 59: Newly-Awarded Project
Newly-Awarded Project Replacement of Offshore Brineline Location: Putatan, Muntinlupa Client: Maynilad Water Services The project entails replacement of the existing Putatan Water Treatment Plant1’s Offshore Brineline. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 59
Slide 60: 2023 Financial Results
2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2023 Q2 2022 % H1 2023 H1 2022 % in Php millions Jun 2023 Dec 2022 % Revenues 5,887 6,498 -9% 10,736 12,447 -14% Cash and cash equivalents 4,331 3,561 22% Cost of Sales (4,110) (4,548) -10% (7,279) (8,531)
Slide 61: 2023 Operational Highlights and Projects Update
2023 Operational Highlights and Projects Update Key Metrics H1 2023 H1 2022 Change Ongoing Sales and reservations (units) 3,767 3,538 6% No. of No. of Units Sales Value % Sold Residential units 2,128 1,979 8% Projects Parking slots 1,639 1,559 5% 18 24,785 Php 160.5 bn 80% Ave. Selling Price (Php mn
Slide 62: Q2 2023 Financial Results
Q2 2023 Financial Results STANDALONE INCOME STATEMENT Q2 2023 Q2 2022 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 18,822 4,499 2,325 84 25,730 19,460 2,690 2,075 53 24,278 6% COS (6,445) (1,814) (709) (69) (9,037) (5,276) (1,015) (894) (49) (7,234) 25%
Slide 63: H1 2023 Financial Results
H1 2023 Financial Results STANDALONE INCOME STATEMENT H1 2023 H1 2022 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 34,314 10,058 4,421 154 48,947 45,179 5,821 3,752 97 54,849 -11% COS (10,546) (4,191) (1,658) (128) (16,523) (9,776) (2,395) (1,945) (93) (
Slide 64: Q2 2023 Financial Results
Q2 2023 Financial Results CONSOLIDATED INCOME STATEMENT Q2 2023 Q2 2022 In Php millions COAL SCPC SLPGC Others Conso COAL SCPC SLPGC Others Conso % Revenues 16,957 4,499 2,325 84 23,865 18,133 2,690 2,075 53 22,951 4% COS (5,756) (1,028) (407) (69) (7,260) (4,863) (668) (650) (48) (6,229) 17% OPEX (
Slide 65: H1 2023 Financial Results
H1 2023 Financial Results CONSOLIDATED INCOME STATEMENT H1 2023 H1 2022 In Php millions COAL SCPC SLPGC Others Conso COAL SCPC SLPGC Others Conso % Revenues 29,940 10,058 4,421 154 44,573 42,338 5,821 3,752 97 52,008 -14% COS (9,178) (2,027) (1,081) (128) (12,414) (9,108) (1,120) (1,392) (93) (11,71
Slide 66: H1 2023 Financial Results
H1 2023 Financial Results CONSOLIDATED BALANCE SHEET In Php millions SMPC SCPC SLPGC Others Mar 2023 SMPC SCPC SLPGC Others Dec 2022 % Cash and cash equivalents 19,123 4,656 3,549 197 27,525 15,534 2,552 1,797 173 20,056 37% Receivables 4,789 2,447 806 35 8,077 7,447 1,074 1,650 27 10,198 -21% Inven
Slide 67: H1 2023 Operational Highlights
H1 2023 Operational Highlights H1 2023 H1 2023 Change Key Metrics H1 2023 H1 2023 Change Strip Ratio Plant Availability (%) 83% 61% 36% Aggregate* 11.5 7.7 49% SCPC 92% 47% 96% Effective** 11.5 7.7 49% SLPGC 74% 75% -1% Production (in MMT) 9.1 10.1 -10% Average Capacity* (in MW) 687 514 34% Sales Vo
Slide 68: 2023 Coal Segment Guidance Updates
2023 Coal Segment Guidance Updates COMMERCIAL RAINFLOW AND SEEPAGE LEVELS July 2023 rainfall level at three-year high due to typhoons Production 4 ,000 8 00 Rainfall in millimeter (cubic meter per hour) Ave. Seepage Volume 16 MMT 3,000 6 00 2,000 4 00 1,000 200 Sales - Jan Feb Mar Apr May Jun Jul Au
Slide 69: 2023 Power Segment Guidance Updates
2023 Power Segment Guidance Updates SLPGC UNIT 1 SCPC UNIT 2 POWER SUPPLY SLPGC UNITS 3 AND 4 Target Resumption Status Update CONTRACTS 50MW Gas Turbine Sale Update August May 2023 Aug 2023 20 Jan 2024 152 MW H2 2023 2023 Commenced rewinding of old 21-day outage to temporarily 80-day outage to swap
Slide 70: 2023 Plant Outage Summary
2023 Plant Outage Summary Unit 1 Unit 1 Planned Unplanned Planned Unplanned • none • May 1 to 13 • January 20 to February 1 • none • May 15 to June 14 • June 17 (ongoing) Unit 2 Unit 2 Planned Unplanned Planned Unplanned • January 12 to 13 • January 7 to • February 18 to 21 • April 7 to 14 February
Slide 71: Silver Anniversary Report
Silver Anniversary Report In honor of our silver anniversary, we have crafted this special report to commemorate our storied history and achievements since we were acquired by DMCI Holdings, Inc. (DMCI-HI) in 1997. The cover design features an employee carrying a plant, symbolizing our commitment to
Slide 72: H1 2023 Financial Results
H1 2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2023 Q2 2022 % H1 2023 H1 2022 % in Php millions Jun 2023 Dec 2022 % Revenues 2,063 1,979 4% 3,777 3,357 13% Cash and cash equivalents 186 197 -6% Cost of Sales (1,672) (1,628) 3% (3,109) (2,755) 13% Rec
Slide 73: H1 2023 Operating Highlights
H1 2023 Operating Highlights Key Metrics H1 2023 Q2 2022 Change INSTALLED CAPACITY Gross Generation (in GWh) 231.7 218.1 6% 159.76 MW Masbate 82.5 82.7 0% Palawan 101.0 88.25 14% Oriental Mindoro 48.2 47.1 2% By Fuel Type By Location Installed Capacity (in MW) 159.8 136.4 17% Oriental Coal Mindoro D
Slide 74: H1 2023 Financial Results
H1 2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2023 Q2 2022 % H1 2023 H1 2022 % in Php millions Jun 2023 Dec 2022 % Revenues 1,080 1,216 -11% 2,394 2,637 -9% Cash and cash equivalents 1,079 1,101 -2% Cost of Sales (317) (180) 76% (562) (437) 29% Rece
Slide 75: H1 2023 Operating Highlights
H1 2023 Operating Highlights Key Metrics H1 2023 H1 2022 Change Selling Prices, Nickel Grade and Forex Production* (in WMT ‘000) 1,122 567 98% 60 55 1.50% 54 Shipment (in WMT ‘000) 1,058 987 7% 51 49 49 50 1.45% BNC - 362 -100% 48 ZDMC 1,058 625 69% 1.46% 40 42 41 Inventory (in WMT ‘000) 131 65 101%
Slide 76: H1 2023 Financial Results
H1 2023 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q2 2023 Q2 2022 % H1 2023 H1 2022 % in Php millions Jun 2023 Dec 2022 % Revenues 7,090 5,913 20% 13,313 11,205 19% Cash and cash equivalents 8,224 10,439 -21% Cost of Sales (1,498) (1,164) 29% (2,814) (2,16
Slide 77: H1 2023 Operating Highlights
H1 2023 Operating Highlights Key Metrics H1 2023 H1 2022 Change POPULATION SERVED & AVAILABILITY 10.4 120.0 Production* (in MCM) 382.0 375.4 2% 10.2 98.0 97.5 94.7 100.0 Billed Volume (in MCM) 265.0 259.5 2% 92.7 80.0 10 Customer Mix 58.8 60.0 9.8 10.3 Domestic 81.7% 83.2% -2% 10.0 40.0 9.6 9.9 Comm
Slide 78: 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