Press Release: DMCI Holdings sets record Q2, H1 earnings; exceeds FY 2021 bottom line

COVER SHEET

A S O 9 5 0 0 2 2 8 3

SEC Registration Number

D M C I H O L D I N G S , I N C .

(Company's Full Name)

3

R

D

F

L

R

.

D

A

C

O

N

B

L

D

G

.

2

2

8

1

C

H

I

N

O

R

O

C

E

S

A

V

E

.

M

A

K

A

T

I

C

I

T

Y

(Business Address: No., Street City / Town / Province)

HERBERT M. CONSUNJI

8888-3000

Contact Person

Company Telephone Number

3rd Tuesday of May

1

2

3

1

SEC 17-C

0

5

1

7

Month

Day

FORM TYPE

Month

Day

Fiscal Year

Annual Meeting

N.A.

Secondary License Type, If Applicable

C

F

D

Dept

Requiring this Doc

Amended Articles Number / Section

Total Amount of Borrowings

Total No. of Stockholders

Domestic

Foreign

	To be accomplished by SEC Personnel concerned
File Number	LCU
Document ID	Cashier

S T A M P S

Remarks: Please use BLACK ink for scanning purposes

- 1 -

SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE

AND SRC RULE 17.2(c) THEREUNDER

1. August 8, 2022

Date of Report (Date of earliest event reported)

2. SEC Identification Number ASO95-002283

3. BIR Tax Identification No. 004-703-376

4. DMCI Holdings, Inc.

Exact name of issuer as specified in its charter

5.	Philippines	6.			(SEC Use Only)
	Province, country or other jurisdiction of	Industry Classification Code:
	incorporation
7.	3/F Dacon Building, 2281 Don Chino Roces Avenue, Makati City	1231
	Address of principal office				Postal Code
8.	(632) 8888-3000
	Issuer's telephone number, including area code
9.	Not applicable
	Former name or former address, if changed since last report

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	No. of Shares Outstanding	Amount
Common Shares	13,277,470,000	Php13,277,470,000.00
Preferred Shares	960	960.00
TOTAL	13,277,470,960	Php13,277,470,960.00

11. Indicate the item numbers reported herein: Item 9

- 2 -

Item 9. Other Matters

This is to inform the investing public of the following Press Release.

DMCI Holdings sets record Q2, H1 earnings;

exceeds FY 2021 bottom line

Diversified engineering conglomerate DMCI Holdings recorded its highest-ever second quarter and first half net income as all its subsidiaries delivered exceptional growth during the reporting periods.

From April to June, DMCI Holdings' consolidated profits soared by 73 percent from P5.2 billion to P9 billion largely driven by higher coal, electricity and nickel prices, coupled with higher revenue recognition from its real estate business.

Core net income during the same period grew at a faster rate (113%) from P4.2 billion to P9 billion, after excluding nonrecurring gains of P37 million this year and P1 billion last year relative to the remeasurement of deferred tax liabilities as a result of CREATE law.

With back-to-back historic quarterly earnings, DMCI Holdings more than doubled (114%) its first-half bottom line from P9.5 billion to P20.3 billion, outperforming its 2021 full-year net income of P18.4 billion.

Excluding minimal nonrecurring gains this year (P36 million) and P1.2 billion last year due to CREATE law,its core net income from January to June surged by 144 percent from P8.3 billion to P20.3 billion.

"We had a very strong first half because of elevated market prices. If the current trend holds till October, we hope to declare another round of special dividends for our shareholders before year-end," said DMCI Holdings chairman and president Isidro A. Consunji.

Last April, DMCI Holdings declared special dividends of 14 centavos per share on top of regular cash dividends in the amount of 34 centavos per share.

Second Quarter Contribution Breakdown

SMPC contributions accelerated by 161 percent from P2.3 billion to P6.1 billion on the back of all-time high average coal selling prices and higher spot sales volume amid elevated market prices.

DMCI Homes contributed P1.3 billion, 63 percent better than the P804 million recorded last year owing to higher revenue recognition from ongoing projects and upward adjustment in selling prices.

Contributions from D.M. Consunji, Inc. more than quintupled (467%) from P91 million to P516 million due to the completion of some projects and conservative revenue take-up the previous year.

DMCI Mining accounted for P510 million, 27 percent better year-on-year from P403 million primarily due to higher average selling prices for nickel ore.

Associate Maynilad saw a 9-percent drop in contributions from P431 million to P393 million owing to flattish billed volume and higher costs.

Contributions from DMCI Power jumped by 35 percent from P152 million to P205 million because of higher electricity sales volume and prices.

- 3 -

DMCI Holdings grew its aggregate assets by 12 percent year-on-year owing to higher cash and working capital. Net debt-to-equity ratio ended at 13%, a marked improvement from 32% at the end of 2021. Return on equity likewise improved to 31% over the last twelve months when compared to the previous year's return of 16%.

###

SIGNATURES

Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DMCI Holdings, Inc.

Issuer

August 8, 2022

- 4 -