DMCI Holdings Inc. · PSE:DMC
DMCI — Shareholder Meeting (May 2019)
33 slides from DMCI's shareholder meeting presentation, May 21, 2019
Slide 1: Annual Stockholders' Meeting, May 21, 2019
We invest in possibilities for you. Annual Stockholders’ Meeting May 21, 2019 Manila Polo Club, Makati City
Slide 2: Message from the Chairman
Message from the Chairman Isidro A. Consunji Chairman and President DMCI Holdings
Slide 3: We delivered shareholder value despite operational headwinds
We delivered shareholder value despite operational headwinds
Slide 4: Financial Performance
Financial +3% +7% total operating costs -2% consolidated consolidated Performance revenues net income P82.8B P14.8B P80.7B P63.5B P14.5B 4% decline in P59.2B consolidated net income Modest revenue growth dragged down by double- digit increase in cost of sales and services. 2017 2018 2017 2018 2017 2
Slide 5: Share Price Performance
Share Price -11% -14.79% -12.76% Performance DMC PSE index Holding Firms Ended the year at 8,616.51 P14.40 8,558.42 P12.78 P12.78 7,341.81 7,466.02 Fared better than the PSEi and Holding Firms sector 2017 2018 2017 2018 2017 2018
Slide 6: Dividend Performance
Dividend Performance Dividend Performance All-time high annual dividend payout of P12.8 billion Returned P55.7 billion to our shareholders since 2006
Slide 7: Taisei-DMCI will build North-South Commuter Railway (Package 1)
Taisei-DMCI will build North-South Commuter Railway (Package 1)
Slide 8: NSCR is a game-changer for our country
NSCR is a game-changer for our country
Slide 9: DMCI Homes and Robinsons Land sealed a 50:50 joint venture agreement
DMCI Homes and Robinsons Land sealed a 50:50 joint venture agreement
Slide 10: Calaca unit 1 scheduled to go online by Q3 2019
Calaca unit 1 scheduled to go online by Q3 2019
Slide 11: Maria Cristina C. Gotianun
Maria Cristina C. Gotianun President and Chief Operating Officer Semirara Mining and Power Corporation
Slide 12: We expect continued growth for DMCI Power
We expect continued growth for DMCI Power
Slide 13: BNC's mining operations remain uncertain
BNC’s mining operations remain uncertain We are working to find a way forward for BNC
Slide 14: Maynilad inaugurated Putatan Water Treatment Plant
Maynilad inaugurated Putatan Water Treatment Plant 2
Slide 15: Victor Almeda Consunji 1951 – 2018
Victor Almeda Consunji 1951 – 2018 He showed us the importance of recognizing and pursuing possibilities
Slide 16: Chief Finance Officer's Report
Chief Finance Officer’s Report Herbert M. Consunji Executive Vice President and Chief Finance Officer DMCI Holdings
Slide 17: Consolidated Net Income
Consolidated Net Income P14.8B P14.5B Flat earnings performance Reasons: • Weak revenues of SMPC • Higher cost of materials of DMCI Homes 2017 2018
Slide 18: Consolidated Core Net Income
Consolidated Core Net Income P15B P14.5B 4% decline to P14.5 billion 2017 Non-recurring Items • P117 million (loss) Share in Maynilad’s redundancy and right- sizing costs • P164 million (loss) Share in the accelerated depreciation of SCPC, among others 2018 Non-recurring Items • P715 million (gain)
Slide 19: DMCI Holdings subsidiaries and businesses
SUNJI, INC, a DMCI HOMES 7 CONTRACTORS DMCI POWER 0 DMCI_ MINING CORPORATION SABA CORPORATION My) Maynilad : g 4 MINING & POWER
Slide 20: Net Income Contribution: Mining & Power
Net Income Contribution P8B 47% 14% lower at P6.8 billion P6.8B Reasons: • 12-percent reduction in coal sales volume • Nearly 8-month shutdown of Southwest Luzon Power Generation Corporation (Unit 1) 2017 2018 2018
Slide 21: Causes of coal sales decline
CAUSES coal sales decline • Accelerated rehabilitation of south Panian pit • Prolonged heavy rains in July and August • Temporary coal import restriction in China
Slide 22: Net Income Contribution: Construction
Net Income Contribution P1.2B 8% P1B 16% higher at P1.2 billion Reasons: • 12-percent increase in revenues • Recognition of variation orders from projects 2018 2017 nearing completion 2017 2018
Slide 23: Net Income Contribution: DMCI Homes
Net Income P3.9B Contribution P3.6B 9% higher at P3.9 27% billion Reasons: • 3-percent increase in revenues • One-time gain of P715 million from the sale of 2017 2018 land 2017 2018
Slide 24: Causes of core net income decline
CAUSES core net income decline • Higher cost of materials • Adoption of PFRS 15 in 2018
Slide 25: Net Income Contribution: DMCI Power
Net Income P465M 4% Contribution P359M 30% higher contribution Reasons: • 25-percent rise in total energy sales volume from Masbate, Palawan and Oriental Mindoro 2017 2018 2017 2018
Slide 26: Net Income Contribution: Nickel Mining
Net Income 1% Contribution P113M P117M 4% higher contribution Reasons: • 22-percent increase in nickel shipments • Improvement of average nickel ore grade to 1.70% 2017 2018 2017 2018
Slide 27: Net Income Contribution: Maynilad
Net Income Contribution P1.8B 12% P1.6B 7% higher contribution Reasons: • 3% increase in billed volume • 2.8% inflation rate adjustment in January 2018 • 2.7% basic charge increase in October 2018 2017 2018 2017 2018
Slide 28: Net Income Contribution: Other Investments
Other Investments Net Income P237M 1% Contribution 200% higher contribution Reason: • Higher interest income P79M 2017 2018 2017 2018
Slide 29: Top five best performing listed holding companies, ASEAN Corporate Governance Scorecard
Among the top five best performing publicly listed Holding companies based on the ASEAN Corporate Governance Scorecard
Slide 30: Corporate Governance Performance
Corporate Governance Performance In the last five years, our ACGS score improved from 63.96 points to 91.67 points.
Slide 31: Awards and Recognition
Awards and Recognition We are grateful to those who cited our efforts, and will strive even harder to sustain our performance.
Slide 32: CSR initiatives aligned with UN Sustainable Development Goals
Our CSR initiatives are aligned with the Sustainable Development Goals of the United Nations
Slide 33: Thank you.
Thank you.