Dmci Holdings Inc. · PSE:DMC
Dmci — Investor Presentation (June 2013)
41 slides from Dmci's investor presentation, June 2013
Slide 1: Corporate Presentation
Corporate Presentation Dr. Victor S. Limlingan Managing Director DMCI Holdings, Incorporated June 2013
Slide 2: Construction
Construction Founded in 1954, it is acknowledged as one of the leaders in the Philippine construction industry Among the largest construction companies in the Philippines Built more than 500 buildings and structures Built national landmarks Pioneered construction techniques in the Philippines One of
Slide 3: Construction
Construction LRT North Extension Buildings Alabang Skyway 168 Residences The Fairmont Hotel TPLEX Infrastructure Shangri-la Boracay
Slide 4: Construction: Utilities and Power Plants
Construction Utilities NPC Dingle Power Plant Maynilad pipe laying works Mirant Panay Power Plant La Mesa treatment plant Power Plants
Slide 5: Real Estate
Real Estate Site Development Plan High-rise condominiums Mid-rise condominiums Townhouses House & Lot Residential Leisure
Slide 6: Island Profile Location
Island Profile Location Semirara Island, Caluya Province of Antique Land Area = 55 sq. km. or Semirara Island is a part of the Caluya 5,500 hectares group of islands in Caluya, Antique. It Three (3) Barangays is located in Region VI - Western Nine (9) Sitios Visayas - under the province of Populatio
Slide 7: Mining: Coal Mining Before and After
Mining Coal Mining Before After (1996) (as of December 2012) Production (‘000 MT) 7,657 Production (‘000 MT) 806 Revenue (Php Mn) 14,450 Revenue (Php Mn) 654 Net Income (Php Mn) Net Income (Php Mn) (2,335) Total Consolidated 3,088 FOB Price (Php) 997 FOB Price (Php) 2,453 Purchase Price (Php Mn) Mar
Slide 8: Water
Water BULACAN Maynilad is the largest water concessionaire in terms of customer base Maynilad holds a 25-year exclusive concession to provide water in the West Zone (starting 1997). Extension of 15 years approved by MWSS Maynilad covers 9 cities and 3 municipalities in the Metro Manila area Areas wi
Slide 9: Water Before After
Water Before After (December 2007) (as of December 2012) Billed Volume (mcm) 286 Billed Volume (mcm) 428 Revenue (Php Mn) 7,377 Revenue (Php Mn) 15,834 100% 100% Net Income (Php Mn) 1,666 Net Income (Php Mn) 6,386 100% 100% NRW (%) 66.0 NRW (%) Ave. 43.47 Purchase (Php Mn) Market Value* (Php Mn) 3,0
Slide 10: Power
Power Capacity : 300 MW x 2 Thermal Coal fired Plant Location : San Rafael, Calaca, Batangas Market (Offtaker) : WESM (Open Market) Other electricity distributors (Meralco, etc.) Project Cost : USD 361.7 million Sources of Funds : 45% Equity 600MW Coal-Fired Power 55% Debt Plant Calaca, Batangas Equ
Slide 11: Power Before After
Power Before After (Dec. 2009 ) (3Q 2012) Generation (GWh) 181 Generation (GWh) 2,463 Revenue (Php Mn) 444 Revenue (Php Mn) 9,700 Net Income (Php Mn) 59 Net Income (Php Mn) 3,280 Total Consolidated Purchase (Php Mn) Market Value (Php Mn) 16,290 64,600 (100% owned by SCC) (100% owned by SCC) *Based o
Slide 12: Profile
Profile DMCI Mining Corp. has been in operation since May 2007 and has been operating mainly in the province of Zambales in the Philippines. Its current operations are in direct shipping ore mining for nickel tenement owners Benguet and European Nickel for their Zambales nickel mines. From its initi
Slide 13: Project Location
DMCI_ MINING CORPORATION Bg ZA a> BENGUET CORP.,.STA Cc GRUZ, ZAMBALES. a a oe s ‘ = OJE, STA CRUZ, sect
Slide 14: Financials
Financials The nickel mining business operating results are Direct Shipping Ore (DSO) contracts with Benguet Corp. and Acoje mines.
Slide 15: DMCI Holdings: Previous Strategy
DMCI Holdings: Previous Strategy Operate in industries where engineering expertise provides a competitive strategic advantage Operate in industries where political clout is not a significant factor If you must, partner with one who has political clout
Slide 16: Partial Results as of September 2012
Partial Results as of 14 September 2012 ENTERPRISES: EXCELLENT SINCERITY RATINGS IN 2012 mm 2005 mm 2006 mm 2007 mm 2008 mu 2009 mm 2012 +81 Office of the +50 President TAG 2012: SURVEYS OF ENTERPRISES Australlan NATIONAL Ma naan TE ORTY fn caine. Cy seater 20 ON CORRUPTION
Slide 17: Present Strategy
Present Strategy Given the policy of the present administration, consider industries where political clout used to be a significant factor Expand into mining Participate as proponent in PPP projects
Slide 18: Portfolio Strategy
Portfolio Strategy Harvest Water Utility (Maynilad) Hold Coal (Semirara) Real Estate (DMCI Homes) Expand Mining (European Nickel) Power (Calaca) Construction ( MRT 7, Naia Expressway, Nlex-Slex Connector Roads) Diversify Infrastructure (LRT 1 Extension)
Slide 19: Operating Mines in the Philippines
Slide 20: Office of the President: FTAA Cancellation Case
@ffice of the President of the Bhilippines flalacaiang O.P. Case No. 10-E-229 For Cancellation And Revocation Of FTAA Issued April 5, 2010 MBMI Resources Inc.
Slide 21: Offer to Acquire ENK Shares
Acquisitions OFFER TO ACQUIRE ENK SHARES Joint Offer with D&A Offer to acquire all Income Ltd (D&A) shares of ENK PLC who owns 29.8% of ENK shares Sharing Agreement 60 - 40 (DMCI - D&A) Offer Price GBP 0.19 per share (38.9% premium of the average stock price) Offer Value GBP 49.8 million
Slide 22: Offer to Acquire ENK Shares
Acquisitions OFFER TO ACQUIRE ENK SHARES Joint Offer with D&A Offer to acquire all Income Ltd (D&A) shares of ENK PLC who owns 29.8% of ENK shares Sharing Agreement 60 - 40 (DMCI - D&A) Offer Price GBP 0.19 per share (38.9% premium of the average stock price) Offer Value GBP 49.8 million
Slide 23: Deutsche Bank: DMCI Launches Takeover Bid for Toledo Mining
DMCL_ MINING CORPORATION Deutsche Bank Markets Research Rating Company . Sell DMCI Holdings Alert Asia Philippines Conglemerates Reuters Launches takeover bid for Toledo Mining (TMC LN) Increasing stake in Toleda Mining Carp. (TMG) DMCI announced that it launched a tender offer for TMC for GBPO.SO/s
Slide 24: Toledo Mining Projects Resource Base
DMCI_ MINING CORPORATION TOLEDO MINING CORPORATION PLC Projects Resource Base As of 31 March 2011 Sout 8 of 31 Marc! China All resources are reported as dry tonnes. Sea Berony Toledo interest: 56.1% JORE resource: 9.13 million tonnes @ 1.55% Ni using 1% cut-off grade. Potential resource’: 120 millio
Slide 25: New mining revenue scheme planned
BusinessWorld December 20. 2012 New mining revenue scheme planned THE MINING Industry Coordinating Council (MICC) has drafted anew revenue-sharing scheme that states that mining firms will be taxed twice. a government official said vesterday. "Our goal here is to come up with a [revenue-sharing] sch
Slide 26: Sem-Calaca Site
DMCI POWER N /SEM-CALACA POWER corrorsnion Sem-Calaca Site Proposed Expansion Area
Slide 27: Luzon Grid Supply-Demand Outlook
Luzon Grid Supply-Demand Outlook
Slide 28: Luzon Grid Supply-Demand Outlook
Note: Masinloc, MakBan , Pagbilao and Sual under TSC until Dec 25, 2012
Slide 29: Meralco Purchase Price, Php/kWh
Php/kWH 6.00 5.00 4.00 3.00 2.00 1.00 0.00 4.264.26 Sem-Calaca Power Corp. MERALCO PURCHASE PRICE, PhP/kWH CURRENT AVERAGE VS AFTER TSC 5.51 5.23 5.23 5.23 5.23 5.23 5.37 Masinloc Makban Pagbilao Sual llijan QPPL Sta. Rita. @ Base Price after TSC @ 80% Capacity Factor @ BASE PRICE (as of Sept, 2012
Slide 30: MERALCO Contract Prices with Coal-Fired Plants
MERALCO Contract Prices with Coal-Fired Plants Note: Masinloc, Pagbilao and Sual Effective upon expiration of TSC (Dec 26, 2012)
Slide 31: Base Capacity/Demand and Prices After TSC
Php/kWH 50.00 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 0.00 BASE CAPACITY/DEMAND & PRICES AFTER TSC 10,000 9,000 8,000 lll San Lorenzo 7,000 Mmm Sta. Rita. Mmmm QPPL 6,000 Mm Pagbilao fs |lijan 5,000 2 G8 Masinioc lm Makban 4,000 mmm Sual lm Sem-Calaca Power Corp. 3,000 w= BASE CAPACITY
Slide 32: Investing and Financing in Public-Private Partnership Projects
Dip A Py - ) —- - » VBI: RIVATE FART UT ULN Lo PPP Projects Resources News &Events PPP Center Investing & Financing in Public-Private Partnership Projects
Slide 33: MRT 7
MRT 7
Slide 34: Naia Expressway
Naia Expressway
Slide 35: Metro Manila Skyway
Metro Manila Skyway © Skyway is an elevated highway located within the Metro Manila portion of the South Luzon Expressway ("SLEX “) ® Connects Barangay San Isidro, Makati City to Barangay Alabang, Muntinlupa City = Future plans will extend Skyway further to the North Luzon Expressway via Manila and
Slide 36: MPIC Connector Road
(ST Ee NLEX : NLEX Sezment 3 Sagano: Oa NLEX Sezment 8.2 ivedar habeec: ; (Under ante (Under MNTC Concession) 5 Concession) Concession) —, = NMLEX Segment a9 (Uester MNT Corcession) =o os — =, NLEX-SLEX — ‘ = Connector ae - 4 [Proposed by S— on MPTCIMNTC)} < — == =% el 7 * 24 a se = 5 ’ ~.. MPIC Con
Slide 37: MPIC Connector Road
MPIC Connector Road [Image 2]
Slide 38: MPIC Connector Road
MPIC Connector Road [Image 2]
Slide 39: Groups bid for LRT-1 Extension project
4 groups bid for LRT-1 Extension project By LanenceAgcali (The Piping tar] Updated October 23, 2012 12:00AM Comments (0) HANILA,Philppines- The Department of Transportation and Communications (OTC) accepted yesterday the pre-qualified documents submited by four consortia for a shot ata #30 bilo cont
Slide 40: LRT-1 Cavite Extension
IX. LBTA Light Rail Transit Authority Ligtas Maaasahan at Abot Kaya P60 B Line 1- Cavite Extension San Juan Muntinlupa i \ The Extension Project = “'y Carmona Dasmarifias City The Existing Line 1 Noveleta (Green Line) feet
Slide 41: Pledge to Investors
Pledge to Investors DMCI will seek a fair, not an over valuation of its shares DMCI will focus on the long-term, not the short-term DMCI will respect the rights of its Minority Stockholders