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7/31/2013
1
President’s Report
Annual Stockholders’ Meeting31 July 2013
Manila Golf & Country Club
4
Economic Performance
‐5
0
5
10
15
2008 2009 2010 2011 2012
Philippines China Malaysia Indonesia
Thailand Singapore Korea Taiwan
GDP Growth (%): Philippines vs Other Asian Countries*
6.6
*Data from NSCB website
7/31/2013
2
5
Construction Real Estate Power
2011 2012
Revenue
Construction Real Estate Power
2011 2012
Net Income
Locally‐based industries
Coal Nickel
2011 2012
Revenue
Coal Nickel2011 2012
Net Income
Globally‐linked industries
2010 2011 2012
Net Income
2%
₱ 9.8 B₱ 9.6 B₱ 7.8 B
6
Sustained Performance
2010 2011 2012
Revenues
8%
₱43 B₱48 B
₱52 B
7/31/2013
3
‐
10,000
20,000
30,000
40,000
50,000
2008 2009 2010 2011 2012
‐
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2008 2009 2010 2011 2012Water Real Estate Power Coal Mining Construction Nickel Mining Parent
Revenues
Net Income
7
Multiple Drivers
8
7/31/2013
4
9
Growth in Private Sector
0
100
200
300
400
500
600
700
800
900
2010 2011 2012
Annual Construction Gross Value (in Php billions)
*Data from NSCB website
2010 2011 2012
₱1.1 B₱1.2 B
2010 2011 2012
₱10.3 B
₱14.7 B
Revenues Net Income
9%44%
₱10.7 B
₱1.2 B
10
Building Projects Deliver Growth
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5
PPP Rolled Out Projects
Source: PPP website11
LRT Line 1 South Extension O&M
Cavite‐Laguna Expressway
Mactan‐Cebu International Airport
School Infrastructure Project
NLEX‐SLEX Connector Road
Modernization of Phil. OrthopedicHospital
Rehabilitation, O&M of AngatHydro‐Electric Power Plant
Automatic Fare Collection System
PPP Projects
AWARDED In Php billion
MRT ‐ 7 20
NAIA Expressway 10.5
PROSPECTS In Php billion*
LRT Line 1 South Ext 60
CALA Expressway 21
NLEX‐SLEX Connector Road 21
*Source: PPP website12
7/31/2013
6
14
Accolade Place – 130 units
Maricielo Villas – 516 units
Sienna Park – 985 units
Tivoli Gardens (Iris) – 840 units
Royal Palm (Rawai) – 462 units
Delivering Exceptional Projects
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7
6,500
7,000
7,500
8,000
8,500
9,000
9,500
2010 2011 2012
₱9.2 B
₱8.2 B
15%
0
500
1,000
1,500
2,000
2,500
2010 2011 2012
₱1.8 B
₱1.3 B
₱2.2 B
₱7.7 B
Revenues Net Income
15
Robust Financial Growth
27%
7/31/2013
8
17
0
10
20
30
40
50
60
70
80
90
100
2008 2009 2010 2011 2012
Cash Dividends Paid to DMCI‐PDI
Php 275 million
₱48 M
₱58 M
₱45 M
₱94 M
₱30 M
803776 758
374 405 428
53%
48%
43%
0%
10%
20%
30%
40%
50%
60%
0
200
400
600
800
1000
1200
2010 2011 2012
Supply (mcm) Billed Volume (mcm) NRW %
18
2%
5%
Operating Efficiencies
2012 Key Metrics:
Supply
Billed Volume 6%
NRW
• Population coverage ‐ 8.2 million
• 24‐hour coverage – 96%• Over 7psi coverage – 99.8%• Ave. connections – 1 million
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19
Capex
0
1
2
3
4
5
6
7
8
9
10
2007 2008 2009 2010 2011 2012
Php 40 billion
₱3 B
₱6 B₱7 B
₱8 B₱9 B
₱7 B
2010 2011 2012
Revenue Net Income
2010 2011 2012
₱15.8 B₱13.8 B
₱12.0 B ₱6.4 B₱5.9 B₱4.8 B
20
15% 9%
Financial Momentum Sustained
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10
Effective InterestFeb 2013
Pre‐deal
Ownership
Post‐deal
Ownership
MPIC 56.80% 52.80%
DMCI 40.98% 25.24%
Marubeni – 20.00%
ESOP/Others 2.22% 1.96%
100.00% 100.00%
21
Expanding Shareholder Roster
Marubeni – 20.00%
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11
2,343
3,078
2,453
‐
500
1,000
1,500
2,000
2,500
3,000
3,500
13
13.5
14
14.5
15
15.5
16
16.5
2010 2011 2012
1.0
10.0
2010 2011 2012
Net Income
23
11% 7%
Drop in Coal Prices
₱14.2B
₱16.2B
₱14.4B
₱2.5 B₱3.3 B ₱3.1 B
Revenues
FOB Price (Php/ton)
24
7/31/2013
12
915 727 531
720 1,1321,932
2010 2011 2012
Unit 1 Unit 2
Energy Generation (GWh)
1,859
2,463
1,642
25
32%
Rehab Boosted Generation
6.5 7.4 8.3
2.32.2 1.4
4.90 4.75
4.12
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
‐1.0
1.0
3.0
5.0
7.0
9.0
11.0
13.0
15.0
2010 2011 2012
Revenue Net Income
2010 2011 2012
26
21%1%
Sustained Growth
₱8.8 B ₱9.6 B ₱9.7 B
₱1.4 B
₱2.7 B
₱3.3 B
Bilateral ContractSpotPrice (Php/Kwh)
7/31/2013
13
• 2x150 MW capacity• Circulating Fluidized Bed (CFB) technology
• Project completion in 2015
27
Power Plant Expansion
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14
1,2411,465
836
63
235
745
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2010 2011 2012
Benguet Acoje
(In Thousand WMT)
Volume Sold
Stockpile
29
7%
Effects of Reduced Price and Production
Load Port
1,556 1,872
1,216
(100)
100
300
500
700
900
1,100
1,300
1,500
1,700
1,900
0
0.5
1
1.5
2
2.5
3
3.5
2010 2011 2012 2010 2011 2012
Net Income
30
63%22%
Drop in Operating Results
₱1.9 B
₱2.4 B
₱1.9 B ₱564 M
₱917 M
₱341 M
Revenue
Price/WMT
7/31/2013
15
New Nickel Acquisitions
31
European Nickel (ENK PLC)
Interest Acquired ‐ 60%
Acquisition Cost ‐ USD 55 M
Toledo Mining Corp. (TMC)
Interest Acquired ‐ 68 % (17% as of 2012)
Acquisition Cost ‐ USD 25 M(USD 5 M as of 2012)
7/31/2013
16
Giving Back to the Community
Giving Back to the Community
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17
(Amounts in Php)
35
Commitment to Shareholder Returns
2008 2009 2010 2011 2012
EPS 0.64 1.77 2.96 3.61 3.69
Dividend Per Share* 0.20 0.50 1.00 1.20 1.20
Special Dividends* 0 0 0 0 1.00
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Php 5.8 B
*Paid subsequent year
36
Commitment to Lasting Value
Toll roads
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18
End of Presentation
Annual Stockholders’ Meeting31 July 2013
Manila Golf & Country Club
