Dmci Holdings Inc. · PSE:DMC
Dmci — Q3 2024 Earnings Presentation
86 slides from Dmci's earnings presentation, Nov 11, 2024
Slide 1: Q3/9M 2024 Analysts' Briefing
Q3/9M 2024 Analysts’ Briefing 11 November 2024 | Makati City via remote communication
Slide 2: Diversified portfolio offsets weaker coal and real estate earnings
CONTRIBUTION HIGHLIGHTS Diversified portfolio offsets weaker coal and real estate earnings In Php mn Q3 2024 Q3 2023 Change KEY TAKEAWAYS SMPC (56.65%) 1,756 1,925 -9% § Quarterly earnings uptick as stronger results from Maynilad, DMCI Power, DMCI and DMCI Mining, offset Maynilad (25%) 922 605 52% w
Slide 3: Commodities and real estate weigh on group performance
CONTRIBUTION HIGHLIGHTS Commodities and real estate weigh on group performance In Php mn 9M 2024 9M 2023 Change KEY TAKEAWAYS SMPC (56.65%) 8,866 12,804 -31% § Total net income receded on weaker contributions from SMPC, DMCI Homes and DMCI Mining Maynilad (25%) 2,317 1,678 38% § 9M bottom line 63% a
Slide 4: Flattish margins, strong ROE amid topline drop
CONSOLIDATED HIGHLIGHTS Flattish margins, strong ROE amid topline drop Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2024 2023** 2024 2023* § Q3 and 9M revenues declined mainly due to Revenues 21,850 22,406 -2% 77,367 92,395 -16% reduced construction accomplishments, anemic Cash costs* 15,059 15
Slide 5: Consolidated Balance Sheet Highlights
CONSOLIDATED BALANCE SHEET HIGHLIGHTS In Php mn Sep 2024 Dec 2023 Change Cash and cash equivalents 39,395 32,158 23% KEY TAKEAWAYS Receivables 21,495 23,265 -8% § Total assets remained flat as higher cash, inventories and Contract assets 21,442 30,143 -29% investments offset declines in receivables,
Slide 6: Fewer projects and delay drag results
CONSTRUCTION FINANCIAL HIGHLIGHTS Fewer projects and delay drag results Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 § Revenues contracted double-digits due to Revenues 3,501 4,137 -15% 10,809 12,857 -16% project delays and fewer ongoing projects COS 3,067 3,757 -18% 9,427 1
Slide 7: Stable order book on new projects
CONSTRUCTION ORDER BOOK Stable order book on new projects Revenue Breakdown Q3 2024 Q3 2023 Change KEY TAKEAWAYS In Php mn Building* 2,155 2,215 -3% § Building revenues slid as major projects neared Infrastructure 436 385 13% completion, partially offset by new projects; Joint Ventures (JV) and bill
Slide 8: Pandemic aftereffects continue to challenge topline
REAL ESTATE FINANCIAL HIGHLIGHTS Pandemic aftereffects continue to challenge topline Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 § Q3 revenues down on reduced recognition from Revenues 3,101 4,453 -30% 9,619 15,189 -37% ongoing and higher reversals from sales COS 1,794 2,39
Slide 9: New project formats bolstered unbooked revenues
REAL ESTATE OPERATIONAL HIGHLIGHTS New project formats bolstered unbooked revenues Key Metrics Q3 2024 Q3 2023 Change KEY TAKEAWAYS Sales and reservations (units) 1,387 2,223 -38% § Total units sold fell double-digits on high-base effect from strong Residential units 848 1,605 -47% Parking slots 539
Slide 10: Higher coal and power sales lift Q3 topline
INTEGRATED ENERGY FINANCIAL HIGHLIGHTS Higher coal and power sales lift Q3 topline Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 ● Q3 revenues up double-digits on increased Revenues 13,077 11,628 12% 49,671 56,201 -12% coal and power sales; 9M topline contracted COS 6,495 5,5
Slide 11: Higher shipments boosted by export and cement markets
COAL OPERATING HIGHLIGHTS Higher shipments boosted by export and cement markets Q3 2024 Q3 2023 Change KEY TAKEAWAYS Strip Ratio (S/R) ● S/R and production improved due to more accessible seams in Aggregate* 15.2 18.1 -16% four Narra mine blocks, despite increased rainfall levels (606.7 mm Effective
Slide 12: Power sales rise on restored capacity, BCQ demand grows
ON-GRID POWER OPERATING HIGHLIGHTS Power sales rise on restored capacity, BCQ demand grows Key Metrics Q3 2024 Q3 2023 Change KEY TAKEAWAYS Plant Availability (%) 75% 79% -5% § Plant availability dipped on increased outage days (from 78 to 91), SCPC 83% 99% -16% largely due to SCPC’s boiler tube lea
Slide 13: Earnings hit new highs with increased dispatch, lower fuel costs
OFF-GRID POWER FINANCIAL HIGHLIGHTS Earnings hit new highs with increased dispatch, lower fuel costs Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 § Q3 revenues rose 4% on upticks in dispatch Revenues 1,938 1,863 4% 5,793 5,640 3% and ASP; 9M revenues up mainly on greater COS
Slide 14: Sales and ASP rise, amid soft demand in Palawan and Mindoro
OFF-GRID POWER OPERATING HIGHLIGHTS Sales and ASP rise, amid soft demand in Palawan and Mindoro Key Metrics Q3 2024 Q3 2023 Change KEY TAKEAWAYS Gross Generation (in GWh) 143.8 130.5 10% § Total gross generation increased driven by Masbate demand and Masbate 47.6 45.2 5% Palawan station service requ
Slide 15: Topline recovery fueled by new mine, price uplift
NICKEL FINANCIAL HIGHLIGHTS Topline recovery fueled by new mine, price uplift Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 § Q3 revenues more than tripled, driven by Revenues 565 158 258% 1,594 2,552 -38% shipments recovery and higher ASP; 9M down COS 194 100 94% 679 647 5%
Slide 16: New Zambales mine boosts production, shipments
NICKEL OPERATIONAL HIGHLIGHTS New Zambales mine boosts production, shipments Key Metrics Q3 2024 Q3 2023 Change KEY TAKEAWAYS Production* (in WMT ‘000) 268 190 41% § Production and shipments improved with the start of a new Shipment* (in WMT ‘000) 312 147 112% ZDMC mine in Q2 2024 Inventory (in WMT
Slide 17: Record earnings on higher billed volume and tariff
WATER FINANCIAL HIGHLIGHTS Record earnings on higher billed volume and tariff Q3 Q3 9M 9M KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 § Best-ever earnings for Q3 and 9M periods; Revenues 8,492 6,956 22% 24,932 20,269 23% Q3 earnings rose 25%, from Php 2.96 bn Total cash cost 1,958 2,20
Slide 18: Key metrics strengthen despite production dip
WATER OPERATIONAL HIGHLIGHTS Key metrics strengthen despite production dip Key Metrics Q3 2024 Q3 2023 Change KEY TAKEAWAYS Production* (in MCM) 189.0 198.1 -5% § Total production decreased on reduced output from La Mesa and Billed Volume (in MCM) 139.9 137.7 2% Putatan treatment plants and cross-bo
Slide 19: Diversified portfolio offsets weaker coal and real estate earnings
Diversified portfolio offsets weaker coal and real estate earnings Project delays and fewer projects Earnings hit new highs with drag results increased dispatch, lower fuel costs Pandemic aftereffects continue to Topline recovery fueled by new challenge topline mine, price uplift Higher coal and pow
Slide 20: CASEC Acquisition Updates and Estimated Timeline
CORPORATE UPDATE CASEC Acquisition Updates and Estimated Timeline Key Updates 4Q 2024 2025 REGULATORY § August 13: Received Philippine § Launch and Payment of Competition Commission clearance Mandatory Tender Offer § Private placement of Preferred § October 15: DMC’s common FINANCING Shares § Capita
Slide 21: Estimated Ecosystem Benefits
CORPORATE UPDATE Estimated Ecosystem Benefits COAL SUPPLY POWER SUPPLY COAL ASH OTHER CEMENT OFFTAKER CONTRACT CONTRACTS AS ADDITIVE INCOME +500K >71MW >350K T >120K T Potential businesses § Increase annual § Existing 44MW § Ongoing trial run § Annual cement sales to § Sale of aggregates contracted
Slide 22: Updates and Outlook
Updates and Outlook Macroeconomic developments to have uneven impact to the businesses; focus on enhancing group ecosystem and operational efficiencies to protect margins Better project opportunities in 2025; 17 MW Palawan bunker plant set to go actively pursuing large-scale industrial online in Q4;
Slide 23: Annex
Annex § Corporate Update § Capex Update § Market Forecasts § Debt Profile § ESG Highlights § DMCI Holdings and Subsidiaries Income Statement § Parent Balance Sheet § Subsidiaries and Associate Financial and Operating Highlights 23
Slide 24: CASEC Acquisition
CORPORATE UPDATE CASEC Acquisition OVERVIEW DMC is indirectly acquiring a majority stake (51%) in CHP, while its subsidiary SCC is indirectly acquiring 10%. Post-transaction, the DMCI Group will hold an effective ownership of 56.65% in CHP. DMC (56.75%) Public SCC (11.75%) 10.14% APO Cement 100% (Ce
Slide 25: Capex Update
Capex Update In Php bn Q3 2024 Q3 2023 Change 9M 2024 9M 2023 Change DMCI 0.1 0.1 0% 0.1 0.4 -75% DMCI Homes 3.8 4.1 -7% 11.5 12.0 -4% SMPC 0.6 0.9 -33% 3.8 3.0 27% DMCI Power 0.4 0.2 100% 0.8 0.4 100% DMCI Mining 0.2 0.0 100% 0.4 0.2 100% Maynilad 6.6 5.1 29% 14.9 13.5 10% Total 11.6 10.4 12% 31.4
Slide 26: Market Forecasts
Market Forecasts NEWCASTLE PRICES WESM SPOT PRICES In USD/MT In Php/KWh 421 8.41 2019 4.66 377 379 8.02 2019 77.8 7.32 2020 2.27 2020 60.4 264 6.54 6.58 2021 4.83 2022 2022 2021 137.3 6.91 2022 7.39 248 161 2023 6.23 5.07 2023 2022 148 140 4.83 360.2 2023 5.86 2024F 5.23 2024F 2023 172.8 140 140 141
Slide 27: Debt Profile
Debt Profile As of September 30, 2024 LOAN MATURITY SCHEDULE FLOATING AND FIXED Floating Fixed Php 44.6 bn Consolidated 22% 78% Consolidated 16% 27% 31% 26% DMCI n.a. Php 0 DMCI Homes 10% 90% DMCI SMPC 45% 55% Php 35.6 bn DMCI Power 82% 18% DMCI Homes 10% 27% 34% 30% DMCI Mining 87% Php 3.8 bn SMPC
Slide 28: Environmental Stewardship Q3 2024
Environmental Stewardship Q3 2024 2.2k ha* 1.3k ha* 2.22m* 623k* Habitats Protected Reforested Areas Trees Planted Mangroves and Restored Planted 436* 21.3k MT 55% Animals Protected or Waste Generated Recycling Rate Reproduced * as of September 2024 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POW
Slide 29: Social Responsibility
Social Responsibility Q3 2024 26,605 8.1% 6,962 5.0 4.5 Direct Employees Female Direct Indirect Average Training Average Training Employees Employees Hours (per employee) Hours (male) 0.08 0.02 9.8 LTIFR LTIFR Average Training Employees Contractors Hours (female) LTIFR = Lost-time Injury Frequency R
Slide 30: ESG Highlights: DMCI ISO Recertifications
ESG Highlights DMCI ISO Recertifications DMCI has successfully renewed its certifications for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards, marking its second certification cycle. The certifications cover the following scope: “Provision of Engineering & Construction Services, Equipmen
Slide 31: ESG Highlights: DMCI Tree Planting Program
ESG Highlights DMCI Tree Planting Program On July 20, 2024, 87 DMCI volunteers gathered for this year’s Tree Planting Activity. This initiative, organized in partnership with DENR Strategic Communication and Initiative Services, DENR Region 4A, DENR-PENRO Rizal, and MASAKA (Malayang Samahan ng mga K
Slide 32: ESG Highlights: DMCI Homes donates to Bahay Aruga
ESG Highlights DMCI Homes donates proceeds from 25th Anniversary event to Bahay Aruga As part of its 25th anniversary celebration, DMCI Homes recently donated funds raised from its “DMCI Homes Carnival” event to Bahay Aruga in Paco, Manila. Bahay Aruga provides care and support to 25 courageous chil
Slide 33: ESG Highlights: Tuba's 9th Ava Festival
ESG Highlights DMCI Homes supports Tuba’s 9th Ava Festival DMCI Homes recently donated to the town of Tuba, Benguet, in celebration of its 9th Tuba Festival. This event honors Tuba’s agricultural heritage and showcases its local pride—the taro plant, known as "Ava.“ Tuba is home to Moncello Crest, a
Slide 34: ESG Highlights: BCI Asia Top Developers award
ESG Highlights DMCI Homes earns 12th BCI Asia’s Top 10 Developers award DMCI Homes has once again been honored as one of the Philippines’ top developers, receiving its 12th Top 10 Developers Award at the BCI Asia Awards Philippines 2024. The event took place on September 27, 2024, at Shangri-La The
Slide 35: ESG Highlights: Brigada Eskwela
ESG Highlights DMCI Power-Calapan supports Brigada Eskwela 2024 DPC donated essential cleaning supplies and paint to Sta. Isabel Day Care, Sta. Isabel Elementary School, and Personas National High School in preparation for the new school year. The donation, including items like paint, mops, and broo
Slide 36: ESG Highlights: International Coastal Cleanup Day
ESG Highlights DMCI Power-Calapan joins International Coastal Cleanup Day DPC joined the International Coastal Cleanup Day at Brgy. Balite last September 7, 2024, where employees volunteered to clear trash from the shoreline. The cleanup effort was a success, with participants collecting 50 sacks of
Slide 37: ESG Highlights: Donation to ORMECO
ESG Highlights DPC-Calapan donates container vans and air-conditioning units to ORMECO In line with its “Malasakit sa Kustomer” initiative, DMCI Power Corporation donated two 20-foot container vans to Oriental Mindoro Electric Cooperative (ORMECO). This donation provides additional office space, sup
Slide 38: ESG Highlights: DPC-Calapan Tree Planting
ESG Highlights DPC-Calapan Tree Planting Activity DPC held its quarterly tree planting activity, reinforcing its commitment to sustainability and community engagement on September 27, 2024. A total of 150 fruit-bearing trees, including durian, calamansi, mango, and mangosteen, were planted to enrich
Slide 39: ESG Highlights: DMPC supports Brigada Eskwela
ESG Highlights DMPC supports Brigada Eskwela 2024 DMCI Masbate Power Corporation (DMPC) contributed to the Brigada Eskwela initiative by donating pails of paint and other materials for public school repairs. Benefiting 20 schools, the project engaged parents, institutions, and local groups. DMPC als
Slide 40: ESG Highlights: DMPC Adopt-an-Estero Program
ESG Highlights DMPC Adopt-an-Estero Program In observance of National Clean-Up Month, DMPC led a river clean-up at Tugbo River, aligning with the theme "Clean Seas for Healthy Fisheries” last September 6, 2024 The event brought together DMPC employees, the Mobo LGU, and other community stakeholders
Slide 41: ESG Highlights: DMPC Pathway Concreting
ESG Highlights DMPC Pathway Concreting at Tugbo, Mobo DMPC supported the Brgy. Tugbo Council by donating 100 sacks of cement for the construction of a concrete pathway on July 26, 2024. This project aims to create a safe, mud-free path for residents in the upland areas of Brgy. Tugbo, addressing an
Slide 42: ESG Highlights: DPC-Palawan Brigada Eskwela
ESG Highlights DPC-Palawan supports Brigada Eskwela 2024 DPC-Palawan donated paint to Iraan Elementary School and sponsored grass-cutting at San Isidro Elementary in support of Brigada Eskwela 2024. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 42
Slide 43: ESG Highlights: DPC-Palawan Tree Planting
ESG Highlights DPC-Palawan Tree Planting Activity DPC-Palawan conducted a tree-planting activity on July 26, 2024 in the vicinity of its thermal plant in Narra, Palawan. Planting 150 Bani tree seedlings, suitable for the coastal soil of the thermal plant, this initiative supports local ecosystems an
Slide 44: ESG Highlights: Doktor ng Barangay Program
ESG Highlights DPC-Palawan Doktor ng Barangay Program The Doktor ng Barangay Program has been beneficial in providing essential medical services to residents of Barangays Iraan and Isaub in Aborlan, and Barangay Bato Bato in Narra. With weekly free consultations, the program addresses challenges in
Slide 45: ESG Highlights: ZDMC Education Support Program
ESG Highlights ZDMC Education and Educational Support Program In the third quarter of 2024, several educational support initiatives were extended to schools, students, and communities in Zambales, amounting to a total expenditure of P70,522. ZDMC provided supplemental subsidies for 14 child developm
Slide 46: ESG Highlights: ZDMC Health Program
ESG Highlights ZDMC Health Program ZDMC provided extensive support for health and nutrition across various barangays in Zambales in the third quarter of 2024 amounting to a total expenditure of P494k. They funded subsidies for six Barangay Nutrition Scholars (BNS) and 115 Barangay Health Workers (BH
Slide 47: ESG Highlights: ZDMC Enterprise Development
ESG Highlights ZDMC Enterprise Development and Networking Program In Q3 2024, ZDMC spent a total of P186k to provide livelihood assistance across Zambales barangays. The provision of farming and fishing implements, inputs, and equipment has enhanced the agricultural and fishing practices in recipien
Slide 48: ESG Highlights: ZDMC Infrastructure and Support Services
ESG Highlights ZDMC Infrastructure and Support Services Program In Q3 2024, DMCI Mining invested P134k to enhance infrastructure and support services in parts of Zambales. Various barangays received significant support in terms of equipment and capacity development. Administrative and clerical tools
Slide 49: Berong Mine Rehabilitation
Berong Mine Rehabilitation As of September 2024 27 321.8k Geotextile Installed Seedlings Produced (2.5x100 m) 71 ha Rehabilitated Area* * restated 180.2k 1,801 Seedlings Planted Coco-coir Nets Installed (2x50 m) CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 49
Slide 50: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement in Php millions Q3 2024 Q3 2023* % 9M 2024 9M 2023 % Revenues 21,850 22,406 -2% 77,367 92,395 -16% Cost of Sales (12,084) (12,901) -6% (39,639) (42,986) -8% Operating Expenses (2,345) (2,072) 13% (6,898) (6,300) 9% Government share (Coal) (630) (824) -
Slide 51: Parent Balance Sheet
Parent Balance Sheet In Php millions Sep 2024 Dec 2023 % Cash and cash equivalents 5,415 3,169 71% Receivables 832 1,257 -34% Investments in subsidiaries and assoc. 15,450 15,450 0% Other assets 69 68 1% Total Assets 21,766 19,944 9% Accounts payable 99 113 -12% Other liabilities 11 11 0% Total Liab
Slide 52: Q3/9M 2024 Financial Results: Construction Income Statement
Q3/9M 2024 Financial Results STANDALONE INCOME STATEMENT in Php millions Q3 2024 Q3 2023 % 9M 2024 9M 2023 % Revenues 3,501 4,137 -15% 10,809 12,857 -16% Cost of Sales (3,067) (3,757) -18% (9,427) (11,296) -17% Operating Expenses (141) (112) 26% (395) (341) 16% Total Cash Cost (3,208) (3,869) -17% (
Slide 53: Q3/9M 2024 Financial Results: Condensed Balance Sheet
Q3/9M 2024 Financial Results CONDENSED BALANCE SHEET Total, Total, In Php millions DMCI JV DMCI JV % Sep 2024* Dec 2023* Cash and cash equivalents 2,038 2,276 4,314 2,422 2,130 4,553 -5% Receivables 6,467 3,094 8,599 6,428 2,714 8,198 5% CIE 1,905 486 2,391 1,685 1,100 2,785 -14% Inventories 756 6 7
Slide 54: 9M 2024 Revenue Breakdown and Historical Order Book
9M 2024 Revenue Breakdown and Historical Order Book Revenue Breakdown Order Book (in Php bn) In Php mn 9M 2024 9M 2023 Change Building* 6,571 7,703 -7% 58.7 Infrastructure 1,226 2,248 -45% Joint Ventures (JV) and billables 2,229 2,296 -3% 49.3 Allied Services and others** 783 1,240 -37% 22.6 41.9 41
Slide 55: Project Completion Status
Project Completion Status Project Completion Status Order Book (in Php bn) As of September 2024 Total Buildings (Php 19.2 bn) 58.7 (Php 41.6 bn) 49.3 20% 23% 22.6 41.9 41.6 3% 7% 51% 18.7 35.2 9% 68% 19% 19.9 17.8 15.2 14.8 10.2 2.2 4.6 Infrastructure JV 3.4 (Php 4.6 bn) (Php 17.8 bn) 20.9 20.4 19.7
Slide 56: Ongoing and Prospects Bids and Estimates
Ongoing and Prospects Bids and Estimates Railways, Train Station, 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 Statio
Slide 57: 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 METRO MANILA BRIDGES PROJECT 1. Bataan-Cavite Interlink Bridge
Slide 58: Completed Project: PGH Felicidad Sy Multi-Specialty Building
Completed Project PGH FELICIDAD SY MULTI-SPECIALTY BUILDING – PHASE 1 AND 2 LOCATION: Ermita Manila UP Foundations, Inc. / University of CLIENT: the Philippines 15-Storeys with 1 basement & roof deck (Demolition, bulk excavation, DESCRIPTION: site development works, civil, structural and architectur
Slide 59: Completed Project: Xavier Junior High School Building
Completed Project XAVIER JUNIOR HIGH SCHOOL BUILDING West Conservation Avenue, Nuvali, LOCATION: Calamba, Laguna CLIENT: Xavier School Inc. Construction of 4-storey School Building with Deck, with project DESCRIPTION: completion estimated to be 12 months. PROJECT: School Building Blessing and Inaugu
Slide 60: Ongoing Project: St. Luke's Medical Center Quezon City
Ongoing Project ST. LUKE'S MEDICAL CENTER QUEZON CITY - NEW HOSPITAL BUILDING E. Rodriguez Sr. Blvd Brgy. LOCATION: Kalusugan, Quezon City CLIENT: St. Luke's Medical Center Hospital Building / Facility DESCRIPTION: Demolition, Site Works, Structural, and Architectural Works PROJECT: Hospital Buildin
Slide 61: Ongoing Project: De La Salle Medical & Health Sciences Institute
Ongoing Project DE LA SALLE MEDICAL & HEALTH SCIENCES INSTITUTE - ACADEMIC COMPLEX LOCATION: Dasmariñas, Cavite De La Salle Medical & Health CLIENT: Sciences Institute (DLSMHSI) General construction works DESCRIPTION: (CSA+MEPF) of Academic, Shared and Senior High School Buildings PROJECT: School Bu
Slide 62: Newly Awarded Project: Laya Project
Newly Awarded Project LAYA PROJECT LOCATION: Brgy. Oranbo, Pasig City CLIENT: Shang Properties, Inc. Civil, Structural & Partial DESCRIPTION: Architectural Works with five basement, 66 floors and roof deck PROJECT: Mixed-Used Building COMPLETION: 2028 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI P
Slide 63: Newly Awarded Project: Las Piñas Pipelaying Project
Newly Awarded Project LAS PIÑAS PIPELAYING PROJECT CAA Road to Dona Manuela Avenue, Las LOCATION: Piñas City CLIENT: Maynilad Water Services, Inc. Approximately 2.3km Pipe Replacement of 600mm SP to 700mm Primary Main along Alabang-Zapote Road from CAA DESCRIPTION: Road to Dona Manuela Avenue in Las
Slide 64: Q3/9M 2024 Financial Results: Real Estate Income Statement
Q3/9M 2024 Financial Results STANDALONE INCOME STATEMENT Restated* Reported Restated* Reported in Php millions Q3 2024 Q3 2023 % Q3 2023 % 9M 2024 9M 2023 % 9M 2023 % Revenues 3,101 4,453 -30% 4,453 -30% 9,619 15,189 -37% 15,189 -37% Cost of Sales (1,794) (2,390) -25% (2,699) -34% (5,680) (9,113) -3
Slide 65: Q3/9M 2024 Financial Results: Condensed Balance Sheet
Q3/9M 2024 Financial Results CONDENSED BALANCE SHEET Restated* Reported in Php millions Sep 2024 Dec 2023 % Dec 2023 % Cash and cash equivalents 8,953 4,355 106% 4,355 106% Receivables 24,160 30,645 -21% 30,645 -21% Inventories 45,346 42,594 6% 51,219 -11% Fixed assets 1,425 1,600 -11% 1,600 -11% In
Slide 66: 9M 2024 Operational Highlights
9M 2024 Operational Highlights Key Metrics 9M 2024 9M 2023 Change Ongoing No. of Sales and reservations (units) 5,496 5,990 -8% No. of Units Sales Value % Sold* Projects Residential units 3,676 3,733 -2% Parking slots 1,820 2,257 -19% 18 23,406 Php 174.6 bn 78% Ave. Selling Price (Php mn/unit) 7.35
Slide 67: Project Feature: The Valeron Tower
Project Feature Exquisite from every angle Sold 33% of 1,191 released units. (As of November 6, 2024) Pasig City The first joint-venture project of DMCI Homes, the Philippine’s first Quadruple A developer, and Marubeni Corporation, a Japanese global conglomerate. The Valeron Tower is a residential m
Slide 68: Project Feature: Moncello Crest
Project Feature A mountain resort condotel Sold 69% of Blanca building (686 units) (As of Nov 6, 2024) Tuba, Benguet Located along Marcos Highway in Tuba, Benguet, Moncello Crest is the second development under DMCI Homes Leisure Residences. Part of its Billboard along Marcos Highway commitment is t
Slide 69: New Project
New Project A new landmark for resort-inspired living Sold 54% of initially released 528 units (As of Nov 6, 2024) Highlights: Artist's illustration: Lap pool STRATEGIC LOCATION • Located in Quezon Avenue which allows residents easy access to different parts of Metro Manila. (Skyway, MRT, upcoming s
Slide 70: New Project: Kalea Heights
New Project Cebu's biggest open space in a residential condo development Situated just a few minutes away from Cebu City's main business Media districts, Kalea Heights is DMCI Homes' first project Launch on Nov. 8, 2024 in the Artist's illustration of the Dawn District city which features impressive
Slide 71: 9M 2024 Operating Highlights
9M 2024 Operating Highlights 9M 2024 9M 2023 Change Key Metrics 9M 2024 9M 2023 Change Strip Ratio (S/R) Plant Availability (%) 83% 82% 1% Aggregate* 12.7 13.0 -3% SCPC 80% 94% -15% Effective** 12.7 13.0 -3% SLPGC 85% 69% 23% Production (in MMT) 13.1 11.8 11% Average Capacity* (in MW) 755 667 13% SC
Slide 72: Q3 2024 Financial Results: Standalone Income Statement
Q3 2024 Financial Results STANDALONE INCOME STATEMENT Q3 2024 Q3 2023 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 8,154 4,217 1,603 721 14,695 8,129 3,997 1,296 68 13,490 9% COS (4,756) (1,808) (656) (719) (7,939) (4,544) (1,785) (803) (53) (7,185) 10%
Slide 73: 9M 2024 Financial Results: Standalone Income Statement
9M 2024 Financial Results STANDALONE INCOME STATEMENT 9M 2024 9M 2023 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 35,266 11,648 6,763 842 54,519 42,443 14,055 5,717 222 62,437 -13% COS (16,833) (4,764) (2,276) (824) (24,697) (15,090) (5,976) (2,461) (18
Slide 74: Q3 2024 Financial Results: Consolidated Income Statement
Q3 2024 Financial Results CONSOLIDATED INCOME STATEMENT Q3 2024 Q3 2024 In Php millions COAL SCPC SLPGC Others Combined COAL SCPC SLPGC Others Combined % Revenues 6,536 4,217 1,603 721 13,077 6,267 3,997 1,296 68 11,628 12% COS (3,851) (1,425) (500) (719) (6,495) (3,521) (1,325) (667) (53) (5,566) 1
Slide 75: 9M 2024 Financial Results: Consolidated Income Statement
9M 2024 Financial Results CONSOLIDATED INCOME STATEMENT 9M 2024 9M 2023 In Php millions COAL SCPC SLPGC Others Conso COAL SCPC SLPGC Others Conso % Revenues 30,418 11,648 6,763 842 49,671 36,207 14,055 5,717 222 56,201 -12% COS (14,331) (3,464) (1,690) (824) (20,309) (12,699) (3,352) (1,748) (181) (
Slide 76: Q3/9M 2024 Financial Results: Consolidated Balance Sheet
Q3/9M 2024 Financial Results CONSOLIDATED BALANCE SHEET In Php millions SMPC SCPC SLPGC Others Sep 2024 SMPC SCPC SLPGC Others Dec 2023 % Cash and cash equivalents 10,691 4,262 4,103 318 19,374 12,131 4,511 2,125 221 18,988 2% Receivables 3,522 2,267 799 373 6,961 7,333 2,135 1,256 43 10,767 -35% In
Slide 77: 2024 and 2025 Coal Segment Guidance
2024 and 2025 Coal Segment Guidance Shipments* Pricing Target Mix Income Tax Holiday Guidance Spot Indexed and Fixed Domestic 55% Narra Mine 16 45% 55% MMT Extended up to May 2025 Exports Eligible to apply for one (1) more bonus year, 45% subject to BOI approval Production and Targets Exploration 9M
Slide 78: 2024 and 2025 Power Segment Guidance
2024 and 2025 Power Segment Guidance Potential Supply Target Additional Contracted Upcoming Planned Outages 2024 2025 Contracts Capacity 104.6 MW 15 November 2024 1 December 2024 8 June 2025 SLPGC Unit 2 SCPC Unit 1 SLPGC Unit 1 205 MW SCPC 171.0 72.0 243.0 486.0 50 days 30 days 30 days Under Negoti
Slide 79: 2024 Plant Outages Summary
2024 Plant Outages Summary As of November 4, 2024 Unit 1 Unit 2 Unit 1 Unit 2 Actual Total • July 27 to Planned • none • March 6 to May 22 • none 123 days September 10 • July 7 to 11 • January 1 to 3 • May 23 to 24 • March 30 to April • July 13 to 20 • July 12 to 18 • July 28 to August 6 16 Unplanne
Slide 80: Q3/9M 2024 Financial Results: Off-grid Power
Q3/9M 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q3 2024 Q3 2023 % 9M 2024 9M 2024 % in Php millions Sep 2024 Dec 2023 % Revenues 1,938 1,863 4% 5,793 5,640 3% Cash and cash equivalents 520 214 143% Cost of Sales (1,410) (1,431) -2% (4,251) (4,546) -6%
Slide 81: 9M 2024 Operating Highlights
9M 2024 Operating Highlights Key Metrics 9M 2024 9M 2023 Change Gross Generation (in GWh) 409.7 363.5 13% INSTALLED CAPACITY Masbate 140.6 127.7 10% 159.76 MW Palawan 187.0 157.3 19% Oriental Mindoro 82.1 78.6 5% By Fuel Type By Location Installed Capacity (in MW) 159.8 159.8 0% Diesel 87.8 87.8 0%
Slide 82: Q3/9M 2024 Financial Results: Nickel
Q3/9M 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q3 2024 Q3 2023 % 9M 2024 9M 2023 % in Php millions Sep 2024 Dec 2023 % Revenues 565 158 258% 1,594 2,552 -38% Cash and cash equivalents 772 853 -9% Cost of Sales (194) (100) 94% (679) (647) 5% Receivabl
Slide 83: 9M 2024 Operating Highlights
9M 2024 Operating Highlights SELLING PRICES, NICKEL GRADE AND FOREX Key Metrics 9M 2024 9M 2023 Change 60 54 55 57 1.37% Production* (in WMT ‘000) 1,050 1,312 -20% 49 49 Shipment* (in WMT ‘000) 1,107 1,205 -8% 50 1.36% 48 1.36% Inventory (in WMT ‘000) 72 174 -59% 42 1.35% 40 1.35% 1.35% BNC 21 21 0%
Slide 84: Q3/9M 2024 Financial Results: Water
Q3/9M 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET in Php millions Q3 2024 Q3 2023 % 9M 2024 9M 2023 % in Php millions Sep 2024 Dec 2023 % Revenues 8,492 6,956 22% 24,932 20,269 23% Cash and cash equivalents 19,584 4,903 299% Cost of Sales (1,077) (1,252) -14% (4,041) (
Slide 85: 9M 2024 Operating Highlights
9M 2024 Operating Highlights POPULATION SERVED & AVAILABILITY Key Metrics 9M 2024 9M 2023 Change 10.6 100.0 Production* (in MCM) 574.2 580.0 -1% 10.4 98.0 98.0 97.5 97.5 97.1 Billed Volume (in MCM) 416.5 402.8 3% 10.2 96.0 Customer Mix 10 10.3 10.4 94.0 Domestic 81.5% 81.7% 0% 9.8 9.9 92.7 10.0 92.0
Slide 86: 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