DMCI HOLDINGS, INC. 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)
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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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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S T A M P S
Remarks: Please use BLACK ink for scanning purposes
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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 17, 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
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Item 9. Other Matters
This is to inform the investing public of the Company's subsidiary DMCI Mining Corp. standalone financial results for the period ended June 30, 2022.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF
OPERATIONS AND FINANCIAL CONDITION OF DMCI MINING CORPORATION
AS OF AND FOR THE PERIOD ENDED JUNE 30, 2022 AND 2021
June 30, 2022 (Unaudited) vs June 30, 2021 (Unaudited)
in Php millions | April to June (Q2) | January to June (H1) | ||||
2022 | 2021 | Change | 2022 | 2021 | Change | |
Revenue | 1,216 | 1,525 | -20% | 2,637 | 2,660 | -1% |
COS | 180 | 314 | -43% | 437 | 494 | -11% |
OPEX | 220 | 193 | 14% | 483 | 386 | 25% |
Core EBITDA | 816 | 1,018 | -20% | 1,718 | 1,780 | -4% |
Reported Net Income | 542 | 749 | -28% | 1,085 | 1,226 | -11% |
Nonrecurring Item | 0 | 247 | -100% | 0 | 247 | -100% |
Core Net Income | 542 | 502 | 8% | 1,085 | 979 | 11% |
DMCI Mining Corporation posted an 8-percent upturn in standalone second-quarter core net income from P502 million to P542 million as higher selling prices and stronger US dollar offset the combined impact of lower shipments and higher fuel costs.
Including the impact of CREATE law last year, its standalone net income for the period contracted by 28 percent from P749 million to P542 million.
For the second quarter alone, DMCI Mining revenues declined by 20 percent from P1.5 billion to P1.2 billion.
Average selling prices of nickel ore surged by 50 percent from US$42 to US$63 owing to global supply disruptions and strong China demand while the US dollar appreciated by ten percent against the local currency.
From April to June, shipments plunged by 51 percent from 746,000 wet metric tons (WMT) to 367,000 WMT after production from sole operating asset Zambales Diversified Metals Corporation contracted by 24 percent from 328,000 WMT to 248,000 WMT.
Consequently, DMCI Mining standalone topline for the first semester was flat at P2.6 billion while core net income rose by 11 percent from P979 million to P1.1 billion. Meanwhile, net income slipped by 11 percent from P1.2 billion to P1.1 billion with the adjustments made in 2021 relative to the CREATE law.
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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 17, 2022
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Disclaimer
DMCI Holdings Inc. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 02:33:00 UTC.
