Dmci Holdings Inc. · PSE:DMC
Dmci — Q2 2024 Earnings Presentation
84 slides from Dmci's earnings presentation, Aug 6, 2024
Slide 1: Q2/H1 2024 Analysts' Briefing
Q2/H1 2024 Analysts’ Briefing 06 August 2024 | Makati City via remote communication
Slide 2: Record utility earnings buffer top contributors' weakness
CONTRIBUTION HIGHLIGHTS Record utility earnings buffer top contributors' weakness In Php mn Q2 2024 Q2 2023 Change KEY TAKEAWAYS SMPC (56.65%) 3,419 5,765 -41% ▪ Quarterly earnings receded on weaker results of SMPC, DMCI Homes and DMCI Mining DMCI Homes 737 1,255 -41% ▪ Slid 1% QoQ (from Php 5.6 bil
Slide 3: Commodities and real estate weigh heavily on group results
CONTRIBUTION HIGHLIGHTS Commodities and real estate weigh heavily on group results In Php mn H1 2024 H1 2023 Change KEY TAKEAWAYS SMPC (56.65%) 7,110 10,879 -35% ▪ Semestral earnings contracted on reduced contributions from SMPC, DMCI Homes DMCI Homes 1,421 2,248 -37% ▪ Robust results from Maynilad
Slide 4: Thinner margins on weak topline, slower COS decline
CONSOLIDATED HIGHLIGHTS Thinner margins on weak topline, slower COS decline Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2024 2023* 2024 2023* ▪ Q2 and H1 revenues fell on anemic commodity Revenues 28,087 36,957 -24% 55,517 69,989 -21% and power prices, lower construction Cost of sales 14,159 1
Slide 5: Consolidated Balance Sheet Highlights
CONSOLIDATED BALANCE SHEET HIGHLIGHTS In Php mn Jun 2024 Dec 2023 Change KEY TAKEAWAYS Cash and cash equivalents 29,697 32,158 -8% ▪ Total assets down 2% on lower cash, contract assets, fixed Receivables and contract asset 50,669 53,408 -5% Inventories assets and prepaid expenses 68,320 67,902 1% In
Slide 6: Project delays and fewer contracts dampen results
CONSTRUCTION FINANCIAL HIGHLIGHTS Project delays and fewer contracts dampen results Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 ▪ Revenues down on project delays and fewer Revenues 3,615 4,209 -14% 7,309 8,720 -16% ongoing projects, reducing construction activity COS 3,118
Slide 7: New JV projects start contributing to topline
CONSTRUCTION ORDER BOOK New JV projects start contributing to topline Revenue Breakdown Q2 2024 Q2 2023 Change KEY TAKEAWAYS In Php mn Building* 2,348 2,505 -6% ▪ Building revenues receded on lower construction Infrastructure 343 747 -54% accomplishments and project delays; fewer ongoing projects Jo
Slide 8: Lagged effects of the pandemic slash toplines
REAL ESTATE FINANCIAL HIGHLIGHTS Lagged effects of the pandemic slash toplines Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 ▪ Revenues slumped on lower recognition from Revenues 3,457 5,887 -41% 6,518 10,736 -39% ongoing and newly-qualified accounts, and COS 2,066 3,811 -46%
Slide 9: Highest unbooked revenues in three years
REAL ESTATE OPERATIONAL HIGHLIGHTS Highest unbooked revenues in three years Key Metrics Q2 2024 Q2 2023 Change KEY TAKEAWAYS Sales and reservations (units) 1,718 1,289 33% ▪ Total units sold jumped on strong residential sales in Moncello Crest Residential units 1,260 711 77% Parking slots 458 578 -2
Slide 10: Cooling prices moderate the impact of increased sales volume
INTEGRATED ENERGY FINANCIAL HIGHLIGHTS Cooling prices moderate the impact of increased sales volume Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 ▪ Revenues dropped on double-digit declines Revenues 18,168 23,865 -24% 36,594 44,573 -18% in ASP, slightly offset by increased co
Slide 11: Reduced rainfall, low base boost production and inventory
COAL OPERATING HIGHLIGHTS Reduced rainfall, low base boost production and inventory Q2 2024 Q2 2023 Change KEY TAKEAWAYS Strip Ratio (S/R) ▪ Lower S/R and production surge on the back of lower rainfall levels Aggregate* 11.4 17.7 -35% (640.7 mm vs 817.6 mm in 2023) and near-depletion of Molave Effec
Slide 12: Restored capacity temper normalizing spot prices
ON-GRID POWER OPERATING HIGHLIGHTS Restored capacity temper normalizing spot prices Key Metrics Q2 2024 Q2 2023 Change KEY TAKEAWAYS Plant Availability (%) 81% 80% 1% ▪ Average capacity expanded following restoration of SCPC Unit 2’s SCPC 71% 84% -15% capacity back to 300MW on May 27 and reduced der
Slide 13: Earnings climb for the 13th straight quarter
OFF-GRID POWER FINANCIAL HIGHLIGHTS Earnings climb for the 13th straight quarter Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 ▪ Revenues up on increased power sales amid Revenues 2,156 2,063 5% 3,855 3,777 2% declining selling prices COS 1,603 1,675 -4% 2,841 3,115 -9% OPEX
Slide 14: Better output, stronger demand drive key metrics
OFF-GRID POWER OPERATING HIGHLIGHTS Better output, stronger demand drive key metrics Key Metrics Q2 2024 Q2 2023 Change KEY TAKEAWAYS Gross Generation (in GWh) 149.7 132.0 13% ▪ Total gross generation and energy sales improved on double-digit Masbate 50.8 46.0 10% growth across all service areas Pal
Slide 15: Soft market undermines topline performance
NICKEL FINANCIAL HIGHLIGHTS Soft market undermines topline performance Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 ▪ Revenues slumped on cooling index prices, Revenues 437 1,080 -60% 1,029 2,392 -57% lower average nickel grade sold and reduced COS 206 317 -35% 485 557 -13%
Slide 16: Global oversupply and permit delays hamper operations
NICKEL OPERATIONAL HIGHLIGHTS Global oversupply and permit delays hamper operations KEY TAKEAWAYS Key Metrics Q2 2024 Q2 2023 Change Production* (in WMT ‘000) 328 523 -37% ▪ Total production, shipments and inventory declined owing to Shipment* (in WMT ‘000) 322 487 -34% permit delays for a new mine
Slide 17: Stellar results on higher billed volume, better tariff
WATER FINANCIAL HIGHLIGHTS Stellar results on higher billed volume, better tariff Q2 Q2 H1 H1 KEY TAKEAWAYS In Php mn Change Change 2024 2023 2024 2023 ▪ Best-ever earnings for the reporting periods Revenues 8,414 7,090 19% 16,441 13,313 23% Total cash cost 2,819 2,553 10% 5,424 4,780 13% ▪ Strong r
Slide 18: Growing demand and infra development drove up key metrics
WATER OPERATIONAL HIGHLIGHTS Growing demand and infra development drove up key metrics Key Metrics Q2 2024 Q2 2023 Change KEY TAKEAWAYS Production* (in MCM) 193.0 194.8 -1% ▪ Total production slid on lower raw water supply from Angat dam and Billed Volume (in MCM) 141.9 137.5 3% reduced cross-border
Slide 19: Summary: Record utility earnings buffer top contributors' weakness
Record utility earnings buffer top contributors' weakness Project delays and fewer contracts Earnings climb for the 13th straight dampen results quarter Lagged effects of the pandemic Soft market weighs heavily on slash toplines performance Cooling prices moderate the Stellar results on higher bille
Slide 20: CASEC Acquisition Updates and Estimated Timeline
CORPORATE UPDATE CASEC Acquisition Updates and Estimated Timeline Key Updates 3Q 2024 4Q 2024 2025 3rd Quarter ▪ Filed application with ▪ PCC Decision (target) ▪ Payment of MTO Philippine Competition REGULATORY ▪ Launch Mandatory Commission (PCC) in Tender Offer (target) June; info gathering ▪ Final
Slide 21: Updates and Outlook
Updates and Outlook Macroeconomic challenges present both risks and opportunities Focus on large-scale industrial and Continued expansion in Palawan and infrastructure projects to boost order Semirara Island to address growing book demand Two project launches in H2 2024; Ongoing permitting for new m
Slide 22: 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 22
Slide 23: Capex Update
Capex Update In Php bn Q2 2024 Q2 2023 Change H1 2024 H1 2023 Change DMCI 0.0 0.0 0% 0.0 0.2 -100% DMCI Homes 3.4 3.7 -8% 7.7 7.9 -3% SMPC 1.4 1.3 8% 3.2 2.1 52% DMCI Power 0.1 0.1 0% 0.4 0.4 0% DMCI Mining 0.2 0.1 100% 0.2 0.2 0% Maynilad 4.7 5.4 -13% 8.2 8.4 -2% Total 9.8 10.6 -8% 19.7 19.2 -3% Sc
Slide 24: Market Forecasts
Market Forecasts NEWCASTLE PRICES WESM SPOT PRICES In USD/MT 421 In Php/KWh 8.41 As of July 26, 2024 377 379 8.02 7.32 2019 4.66 2019 77.8 264 6.54 6.58 6.23 2020 2.27 60.4 2022 2022 2020 2021 4.83 248 161 148 2023 6.91 5.07 2023 2021 137.3 136 4.83 2022 7.39 2024F 2024F 2022 360.2 139.3 4.93 2023 5
Slide 25: Debt Profile As of June 30, 2024
Debt Profile As of June 30, 2024 LOAN MATURITY SCHEDULE FLOATING AND FIXED Floating Fixed Php 46.6 bn Consolidated 21% 79% Consolidated 13% 33% 29% 26% n.a. DMCI DMCI Homes 10% 90% Php 0 DMCI 0% SMPC 40% 60% Php 36.4 bn DMCI Power 78% 22% DMCI Homes 4% 34% 33% 29% DMCI Mining 100% Php 4.6 bn SMPC 41
Slide 26: Environmental Stewardship Q2 2024
Environmental Stewardship Q2 2024 2.4k ha 1.2k ha 2.22m 28.8k MT 45% Habitats Protected Reforested Areas Trees Planted Waste Generated Recycling Rate and Restored 623k Mangroves 177 Animals Protected or 60% New Suppliers Accredited Using Planted Reproduced Environmental Criteria CONSOLIDATED • DMCI
Slide 27: Social Responsibility Q2 2024
Social Responsibility Q2 2024 26,917 7.9% 6,359 5.4 4.9 Direct Employees Female Direct Indirect Average Training Average Training Employees Employees Hours (per employee) Hours (male) 0.04 0.05 10.8 87% LTIFR LTIFR Average Training New Suppliers Accredited Employees Contractors Hours (female) Using
Slide 28: ESG Highlights: DMCI Blood Donation Drives
ESG Highlights DMCI Blood Donation Drives DMCI held a series of bloodletting activities in partnership with Veterans Memorial Medical Center (VMMC) and the Philippine Red Cross. On April 6, 2024, 68 volunteers donated blood at the NSCR Viaduct Project. On June 7, 2024, the CAMANA project saw 152 vol
Slide 29: ESG Highlights: Clean-up Drive and Greening Program
ESG Highlights DMCI Levi Mariano Project Clean-up Drive and Greening Program On April 18, 2024, the DMCI Levi Mariano Project organized a Clean-Up Drive & Greening Program. This initiative involved cleaning the drainage along Viejo Road and replanting banana trees from Phase 1 to Phase 2 of the proj
Slide 30: ESG Highlights: DMCI Malasakit Program
ESG Highlights DMCI Malasakit Program On May 3, 2024, the DMCI Malasakit Program donated 50 grocery packages to the Indigenous People of the Dinapigue Project, aiming to promote social support within project communities. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 3
Slide 31: ESG Highlights: Recyclable Waste Donation Activity
ESG Highlights DMCI Recyclable Waste Donation Activity On June 22, 2024, the CAMANA Project donated 107 kg of used PET bottles and 193 kg of scrap cartons to Barangay 35 Dagat Dagatan in Caloocan City. This initiative aimed to contribute to environmental sustainability through waste recycling. CONSO
Slide 32: ESG Highlights: DMCI Homes Pasig Medical Mission
ESG Highlights DMCI Homes Pasig Medical Mission DMCI Homes organized a medical mission in Barangay Rosario, Pasig City on April 27, 2024, to kick off its Corporate Social Responsibility (CSR) initiatives lined up to celebrate the company's 25th anniversary. Approximately 150 beneficiaries from the h
Slide 33: ESG Highlights: Stevie Awards for DMCI Homes
ESG Highlights DMCI Homes’ RideShare, Mobile App win in 2024 Asia-Pacific Stevie Awards DMCI Homes’ industry-first services have received recognition at the 2024 Asia-Pacific Stevie Awards, underscoring the company's commitment to customer satisfaction and innovation. DMCI Homes won the Gold Award f
Slide 34: ESG Highlights: DMCI Power-Calapan Supports ORMECO AGMA
ESG Highlights DMCI Power-Calapan Supports ORMECO AGMA On May 13, 2024, DPC donated electric appliances to Oriental Mindoro Electric Cooperative (ORMECO) Annual General Membership Assembly (AGMA). The appliances were used as raffle prizes at ORMECO's annual event, which showcases the cooperative’s a
Slide 35: ESG Highlights: Masbate Egg Production Livelihood Project
ESG Highlights DMCI Masbate Power Egg Production Livelihood Project DMCI Masbate Power Corporation (DMPC) launched its Egg Production Livelihood Project on April 2, 2024, by providing 55 Rhode Island Red chickens to 10 farmers in Brgy. Pitogo, Cataingan. In collaboration with JRA Free Range Backyard
Slide 36: ESG Highlights: DMPC Supports Rodeo Masbateño Festival
ESG Highlights DMPC Supports Rodeo Masbateño Festival DMCI Masbate Power Corporation (DMPC) was a major sponsor of the Rodeo Masbateño Festival, celebrating Masbate's cultural heritage. The company set up a booth and conducted an Information and Education Campaign for delegates from various province
Slide 37: ESG Highlights: DMPC Ocean Month Sea Ranching
ESG Highlights DMPC Ocean Month Sea Ranching To mark Ocean Month on May 15, 2024, DMPC, in partnership with the Municipal Agriculturist Office and the Bureau of Fisheries and Aquatic Resources, released 15,000 bangus fingerlings into the waters of Brgy. Tugbo, Mobo. This sea ranching activity aimed
Slide 38: ESG Highlights: Coastal Resource Management Project
ESG Highlights DMCI Power-Palawan Coastal Resource Management Project DPC-Palawan, in collaboration with the Narra local government, advanced its Coastal Resource Management Project by achieving the project's third milestone. The activity included deploying 30 artificial reef units and planting 650
Slide 39: ESG Highlights: DPC-Palawan donates wheelchairs
ESG Highlights DPC-Palawan donates wheelchairs to local residents On June 1, 2024, DPC donated 5 wheelchairs to local residents of Aborlan and Narra. This donation, coordinated with local governments, aims to improve the mobility and quality of life of the beneficiaries. CONSOLIDATED • DMCI • DMCI H
Slide 40: ESG Highlights: 2nd Narra Pista ng Kalikasan
ESG Highlights DMCI Power Supports 2nd Narra Pista ng Kalikasan DPC-Palawan participated in the 2nd Pista ng Kalikasan, a province-wide tree-planting event held last June 5, 2024, and organized by the Municipal Environment and Natural Resources Office of Narra, Palawan. DPC provided 5,000 mangrove p
Slide 41: ESG Highlights: ZDMC Education Support Program
ESG Highlights ZDMC Education and Educational Support Program In the second quarter of 2024, diverse educational support initiatives were extended to schools, students, and communities in Zambales, amounting to a total expenditure of P4.39 million. The company provided assistance to 446 college scho
Slide 42: ESG Highlights: ZDMC Health Program
ESG Highlights ZDMC Health Program ZDMC allocated P2.89 million in the second quarter of 2024 for various health assistance programs across multiple barangays in Zambales. The company provided subsidies to six Barangay Nutrition Scholars and 115 Barangay Health Workers from several barangays, includ
Slide 43: ESG Highlights: ZDMC Enterprise Development Program
ESG Highlights ZDMC Enterprise Development and Networking Program In Q2 2024, ZDMC spent a total of P1.4 million to provide livelihood assistance across Zambales barangays. Farming materials and equipment were provided to farmer's associations in barangays including Lucapon South, Lucapon North, Nau
Slide 44: ESG Highlights: ZDMC Infrastructure and Support Services
ESG Highlights ZDMC Infrastructure and Support Services Program In Q2 2024, DMCI Mining invested P1.99 million to enhance infrastructure and support services in various barangays in Zambales. Solar street lights were installed in Lucapon South, Naulo, Bayto, Biay, Bolitoc, and Yamot, to improve safe
Slide 45: ESG Highlights: BNC donates to Aporawan Farmers and Fishermen
ESG Highlights BNC donates to Aporawan Farmers and Fishermen On May 6, 2024, BNC provided 60 liters of fuel for the farmers and fishermen in Barangay Aporawan, Aborlan, Palawan. Additionally, two basketball rings were donated to benefit the youth and basketball enthusiasts of Barangay Aporawan. CONS
Slide 46: Berong Mine Rehabilitation As of June 2024
Berong Mine Rehabilitation As of June 2024 25.5 279.3k Geotextile Installed Seedlings Produced (2.5x100 m) 102 ha Rehabilitated Area* * restated 171.7k 1,801 Seedlings Planted Coco-coir Nets Installed (2x50 m) CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 46
Slide 47: DMCI Holdings and Subsidiaries Income Statement
DMCI Holdings and Subsidiaries Income Statement **restated 2023 figures following DMCI Homes’ implementation of PFRS 15 (60 to 65), effective January 1, 2024 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 47
Slide 48: Parent Balance Sheet
Parent Balance Sheet CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 48
Slide 49: Q2/H1 2024 Financial Results: Standalone Income Statement
Q2/H1 2024 Financial Results STANDALONE INCOME STATEMENT CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 49
Slide 50: Q2/H1 2024 Financial Results: Condensed Balance Sheet
Q2/H1 2024 Financial Results CONDENSED BALANCE SHEET CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 50
Slide 51: H1 2024 Revenue Breakdown and Historical Order Book
H1 2024 Revenue Breakdown and Historical Order Book Revenue Breakdown Order Book (in Php bn) H1 2024 H1 2023 Change In Php mn Building* 4,416 4,858 -9% 58.7 Infrastructure 790 1,863 -58% Joint Ventures (JV) and billables 1,566 1,023 53% 49.3 Allied Services and others** 538 976 -45% 22.6 41.9 41.0 T
Slide 52: Project Completion Status
Project Completion Status Project Completion Status Order Book (in Php bn) As of June 2024 Total Buildings 58.7 (Php 41.0 bn) (Php 17.4 bn 49.3 21% 22.6 31% 41.9 41.0 6% 49% 18.7 35.2 6% 67% 6% 19.9 18.6 14% 15.2 14.8 10.2 Infrastructure JV 2.2 5.0 3.4 (Php 5.0 bn) (Php 18.6 bn) 20.9 20.4 19.7 17.4
Slide 53: 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, Type of Projects Water Treatment Plant, Sewage Treatment Plant, Pumping Stations & Reservoir,
Slide 54: 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 55: Newly-Awarded Project: CAVITEX C5 Link Expressway
Newly-Awarded Project CAVITEX C5 LINK EXPRESSWAY - SEGMENT 3B Location: Parañaque - Taguig Client: CAVITEX Infrastructure Corporation (CIC) • Construction of a six (6) lane, 2.0 km expressway connecting CAVITEX at Paranaque and C5 road Taguig • Target Completion: 2025 Source: CIC Perspective CONSOLI
Slide 56: Newly-Awarded Project: De La Salle Medical Academic Complex
Newly-Awarded Project DE LA SALLE MEDICAL & HEALTH SCIENCES INSTITUTE – ACADEMIC COMPLEX Location: Dasmariñas, Cavite Client: De La Salle Medical & Health Sciences Institute (DLSMHI) • General construction works (CSA+MEPF) of Academic, Shared and Senior High School Buildings • Target Completion: 202
Slide 57: Featured Ongoing Project: YCO Cloud Campus One Data Center
Featured Ongoing Project YCO CLOUD CAMPUS ONE – DATA CENTER Location: Malvar, Batangas Client: YCO Cloud, Malvar, Inc. • 12 MW Data Center Facility (Site Works and Cold Core and Shell, Architectural and Limited Building MEPF/T) Source: YCO Cloud • Target Completion: 2025 CONSOLIDATED • DMCI • DMCI H
Slide 58: Featured Ongoing Project: DLSU Laguna University Hall
Featured Ongoing Project DLSU LAGUNA UNIVERSITY HALL AND RAZON HALL Location: Biñan, Laguna Client: De La Salle University Topping-off Ceremony: May 7, 2025 Target Completion: 2025 The project is situated on De La Salle University’s 50-hectare campus, to create a learning environment within the urba
Slide 59: Completed Project: Laguna Lake Water Treatment Plant
Completed Project DESIGN AND BUILD OF 150MLD LAGUNA LAKE WATER TREATMENT PLANT Location: Poblacion, Muntinlupa City Client: Maynilad Water Services, Inc. • Design and build of a 150 million liters per day (MLD) facility. • To cater approximately one million customers in Cavite, Las Pinas, Muntinlupa
Slide 60: Completed Project: Dinapigue Causeway
Completed Project DINAPIGUE CAUSEWAY Location: Brgy. Dimaluade Dinapigue Isabela Client: Dinapigue Mining Corporation • Civil Works - Design and Build: Improvement and Expansion of Existing Causeway • Completed: May 2024 CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 6
Slide 61: Q2/H1 2024 Financial Results: Standalone Income Statement
Q2/H1 2024 Financial Results STANDALONE INCOME STATEMENT *Implementation of change in IFRS 15 recording Finance Costs as outright expense (effective 2024). 2023 Figures restated for reference only. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 61
Slide 62: Q2/H1 2024 Financial Results: Condensed Balance Sheet
Q2/H1 2024 Financial Results CONDENSED BALANCE SHEET *Implementation of change in IFRS 15 recording Finance Costs as outright expense (effective 2024). 2023 Figures restated for reference only. CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 62
Slide 63: H1 2024 Operational Highlights
H1 2024 Operational Highlights Key Metrics H1 2024 H1 2023 Change Ongoing Sales and reservations (units) 4,109 3,767 9% Residential units 2,828 2,128 33% No. of Projects No. of Units Sales Value % Sold* Parking slots 1,281 1,639 -22% Ave. Selling Price (Php mn/unit) 7.10 7.15 -1% 75% 18 23,408 Php 1
Slide 64: Event Feature
Event Feature Makati City On April 30, 2024, DMCI Group Chairman Isidro Consunji and DMCI Homes President Alfredo Austria formally unveiled the showroom of Fortis Residences, an upscale condominium project developed under the DMCI Homes Exclusive brand. In the photo from left to right: Adrian Calimb
Slide 65: New Project: The Valeron Tower
New Project Exquisite from every angle Sold 28% of 1,191 released units. (As of July 15, 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 masterpi
Slide 66: Project Feature: Moncello Crest
Project Feature A mountain resort condotel Sold 71% of initially released units. (As of July 3, 2024) Tuba, Benguet Located along Marcos Highway in Tuba, Benguet, Moncello Crest is the second development under DMCI Homes Leisure Residences. Part of its commitment is to collaborate with surrounding c
Slide 67: Project Feature: Kalea Heights
Project Feature Situated just a few minutes away from Cebu City's main business districts, Kalea Heights is DMCI Homes' first project in the Artist's illustration of amenity area Artist's illustration of the building facade city which features impressive big open parks and amenities. Highlights: Des
Slide 68: Project Feature: Upcoming development in Quezon City
Project Feature Upcoming development in Quezon City A new landmark for resort-inspired living 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 subway) DISTINCT ARCHI
Slide 69: H1 2024 Operating Highlights
H1 2024 Operating Highlights H1 2024 H1 2023 Change Key Metrics H1 2024 H1 2023 Change Strip Ratio (S/R) Plant Availability (%) 86% 83% 4% Aggregate* 11.9 11.5 4% SCPC 79% 92% -14% Effective** 11.9 11.5 4% SLPGC 94% 73% 29% Production (in MMT) 10.2 9.1 12% Average Capacity* (in MW) 739 687 8% SCPC 4
Slide 70: Q2 2024 Financial Results: Standalone Income Statement
Q2 2024 Financial Results STANDALONE INCOME STATEMENT CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 70
Slide 71: H1 2024 Financial Results: Standalone Income Statement
H1 2024 Financial Results STANDALONE INCOME STATEMENT CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 71
Slide 72: Q2 2024 Financial Results: Consolidated Income Statement
Q2 2024 Financial Results CONSOLIDATED INCOME STATEMENT CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 72
Slide 73: H1 2024 Financial Results: Consolidated Income Statement
H1 2024 Financial Results CONSOLIDATED INCOME STATEMENT CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 73
Slide 74: Q2/H1 2024 Financial Results: Consolidated Balance Sheet
Q2/H1 2024 Financial Results CONSOLIDATED BALANCE SHEET CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 74
Slide 75: 2024 Coal Segment Guidance
2024 Coal Segment Guidance Shipments* Pricing Target Mix Rainfall Levels Heavier rainfall expected in Q3 Domestic Spot Indexed and Fixed 800 55% 15 to 45% 55% 600 in mm 16 400 200 MMT Exports 0 45% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 2024A 2024F Production and Exploration* H1 2024 I
Slide 76: 2024 Power Segment Guidance
2024 Power Segment Guidance Potential Supply Target Additional Contracted Upcoming Planned Outages Contracts Capacity 103.6 MW 170 MW SCPC 171.0 72.0 243.0 486.0 28 July (ongoing) 20 October 1 December SLPGC Unit 1 SCPC Unit 1 SLPGC Unit 2 Under Negotiation SLPGC 103.4 31.6 135.0 270.0 40 days 20 da
Slide 77: 2024 Plant Outages Summary
2024 Plant Outages Summary As of August 2, 2024 Unit 1 Unit 2 Unit 1 Unit 2 Actual Total • July 28 to Planned • none • March 6 to May 22 117 days September 5 (target) • July 7 to 11 • July 13 to 20 • May 23 to 24 • January 1 to 3 • March 30 to April Unplanned • July 23 to 25 • July 28 to August 5 58
Slide 78: Q2/H1 2024 Financial Results
Q2/H1 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 78
Slide 79: H1 2024 Operating Highlights
H1 2024 Operating Highlights Key Metrics H1 2024 H1 2023 Change Gross Generation (in GWh) 265.9 231.7 15% INSTALLED CAPACITY Masbate 93.0 82.5 13% 159.76 MW Palawan 120.8 101.0 20% Oriental Mindoro 52.1 48.2 8% By Fuel Type By Location Installed Capacity (in MW) 159.8 159.8 0% Diesel 87.8 87.8 0% Or
Slide 80: Q2/H1 2024 Financial Results
Q2/H1 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 80
Slide 81: H1 2024 Operating Highlights
H1 2024 Operating Highlights SELLING PRICES, NICKEL GRADE AND FOREX Key Metrics H1 2024 H1 2023 Change Production* (in WMT ‘000) 782 1,122 -30% 60 49 54 55 57 1.37% Shipment* (in WMT ‘000) 795 1,058 -25% 49 1.36% 1.36% Inventory (in WMT ‘000) 116 131 -11% 50 48 BNC 21 21 0% 42 1.35% 1.35% 40 ZDMC 95
Slide 82: Q2/H1 2024 Financial Results
Q2/H1 2024 Financial Results STANDALONE INCOME STATEMENT CONDENSED BALANCE SHEET CONSOLIDATED • DMCI • DMCI HOMES • SMPC • DMCI POWER • DMCI MINING • MAYNILAD 82
Slide 83: H1 2024 Operating Highlights
H1 2024 Operating Highlights POPULATION SERVED & AVAILABILITY Key Metrics H1 2024 H1 2023 Change 10.6 100.0 Production* (in MCM) 385.2 382.0 1% 10.4 98.0 98.0 97.5 97.5 95.3 Billed Volume (in MCM) 276.6 265.0 4% 10.2 92.7 96.0 Customer Mix 10 10.3 10.4 94.0 Domestic 81.6% 81.7% 0% 9.8 9.6 9.9 10.0 9
Slide 84: 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