DMCI Holdings, Inc.

3rd Floor Dacon Bldg. 2281 Don Chino Roces Avenue, Makati City

Financial Highlights:1,2

DMCI Holdings, Inc. (DMC) is a holding company engaged in the businesses of construction, real estate, coal and nickel mining, power generation, and water distribution through its subsidiaries. 3

Corporate Structure4

Semirara Cement Corporation has not yet started commercial operations.

For the subsidiaries of Semirara Mining and Power Corporation, kindly see Company Profile: SCC

Source of Revenues

Consolidated revenues increased by 13% to P64,898 million in 2016 compared to P57,203 million in 2015 due to the 48% increase in coal and power revenues of Semirara, and 4% growth in construction revenues. Revenues from nickel mining in Palawan and Zambales decreased by almost half due to government suspensions, receding nickel prices and sluggish demand.5

Based on the meeting of the Board of Directors held last March 8, 2018, total revenue in 2017 is at P80,703 million, with the biggest contribution of 54% from Semirara followed by 24% contribution from DMCI Homes. D.M. Consunji Inc. (construction contracts segment) grew earnings contribution by 11% while DMCI Power Corp. showed a 15% decline in its net profit contribution due primarily to expiration of the income tax holiday of Masbate operations. 6,7

Top Shareholders, Directors and Executive Officers8,9,10,11,12

  • (4) directors are also regular directors of DMC’s significant stockholders: Dacon Corporation and DFC Holdings, Inc.
  • (4) directors are also directors to (11) other publicly listed companies

Dividend13,14,15

Business considerations/opportunities: 16,17,18,19,20,21,22

  • For business opportunities of Semirara Mining and Power Corporation, kindly see Company Profile: SCC
  • Construction contracts are expected to sustain growth under Duterte Administration’s “Build Build Build” Infrastructure Plan.
  • DMC is most sensitive to the cost of construction materials, oil prices, a weak peso and higher interest rates. However, rise in cost of construction materials has no impact yet to DMC since it hedged construction materials required for a year. 23
  • Completion of NAIA Expressway and of NAIA International Passenger Terminal in 2017.
  • D.M. Consunji, Inc. (construction arm of DMC) nearly doubled its newly- awarded projects with P16 billion worth of infrastructure, energy, buildings, and utilities and plants projects contracted in 2017 compared to P8.2 billion in 2016. 24
  • National Power Corporation awarded 3 projects to D.M. Consunji, Inc. in March 2017. 25 Other on-going and newly-awarded projects below:

Business Expansion:

  • DMC plans to put up cement production facilities with a potential $340 million investment that will have a combined production capacity of 5,000 metric tons per day. 26
  • DMCI Power Corporation is spending approximately P160 million to acquire additional units of generating sets for its Masbate and Palawan operations that will have a total capacity of 11.2MW, raising DMC’s generation capacity to 90MW, a 14% improvement from 2016. 27

 

References:

  1. DMC SEC 17-1 2016, https://goo.gl/n78fhU
  2. DMC SEC 17-1 2015, https://goo.gl/DNyCdV
  3. DMC SEC 17-1 2016, page 7 https://goo.gl/n78fhU
  4. DMC SEC 17-1 2016, page 280 https://goo.gl/n78fhU
  5. DMC SEC 17-1 2016, page 40 https://goo.gl/n78fhU
  6. DMC SEC 17-C 2016, https://goo.gl/mCqJS6
  7. DMCI ended ’17 with profit 16% up, https://goo.gl/rrDZ3b
  8. DMCI Investor Relations, https://goo.gl/vJKngB
  9. DMC SEC 23-B, https://goo.gl/QFSx5J
  10. DMC SEC POR-1, https://goo.gl/QdNsda
  11. DMC SEC 17-C 2018, https://goo.gl/bwSNxa
  12. DMC SEC 17-C 2018, https://goo.gl/Roj2qM
  13. DMC SEC 17-C 2018, https://goo.gl/PD4utY
  14. DMC SEC 17-C 2018, https://goo.gl/JKcMJg
  15. DMC SEC 17-2 3Q 2017, page 15 https://goo.gl/vYjr9Z
  16. Cavite-Laguna toll road lifts DMCI’s 2017 construction contracts to P16b, https://goo.gl/fHDtJR
  17. DMC SEC 17-C 2018, https://goo.gl/oMWPVe
  18. DMC 3Q Briefing, page 7 https://goo.gl/He51Gq
  19. Metro Manila Skyway stage 3, https://goo.gl/TL85aA
  20. DOTr leads groundbreaking of LRT 2 Masinag, Emerald stations today, https://goo.gl/g5DRSy
  21. Cavite-Laguna Expressway seen completed by 2020, https://goo.gl/Jpcxwn
  22. JGS expanding petrochemical plant, https://goo.gl/xu5a6v
  23. TRAIN 1, peso, oil take toll on consumers, https://goo.gl/EUdR81
  24. DMCI bags P9-B infrastructure projects since Jan., https://goo.gl/aSt7c8
  25. DM Consunji projects increase to P16B in 2017, https://goo.gl/oXaX7v
  26. DMC SEC 17-C, https://goo.gl/e7pYSy
  27. DMC SEC 17-C, https://goo.gl/WNa5xL

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