C00115-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jan 9, 2024
2. SEC Identification Number
ASO95002283
3. BIR Tax Identification No.
004-703-376-000
4. Exact name of issuer as specified in its charter
DMCI HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
3RD FLOOR DACON BLDG. 2281 CHINO ROCES AVENUE, MAKATI CITY Postal Code 1231
8. Issuer's telephone number, including area code
(632) 8888 3000
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON 13,277,470,000
PREFERRED 960
11. Indicate the item numbers reported herein
ITEM NO. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

DMCI Holdings, Inc.DMC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

DMC chairman maintains positive 2024 outlook after “fairly good” 2023
Background/Description of the Disclosure

DMCI Holdings chairman and president Isidro A. Consunji described 2023 as a fairly good year despite the global market uncertainties, volatile prices, and high interest rates that characterized the year.

“We ended 2023 with all-time high coal shipments and off-grid energy sales. Our sole operating nickel mine also posted record sales during the year,” said Consunji.

From January to December, Zambales Diversified Metals Corporation shipped 1.68 million wet metric tons (WMT) of nickel ore, a 16-percent upturn from 1.45 million WMT in 2022.

For 2024, Consunji maintains a cautiously optimistic outlook about the DMCI group’s performance due to the combined effect of cooling inflation, stabilizing interest rates, China’s economic slowdown and modest growth in the domestic energy market.

“Slowing sales and manufacturing in China could keep a lid on commodity prices. With less demand and activity, we expect prices to be somewhat lower than last year," Consunji remarked.

Meanwhile, interest rates in 2024 are expected to play a favorable role for the DMCI group. Consunji believes that interest rates, which seem to have reached their peak, are likely to stabilize or decrease in the latter part of the year, potentially easing borrowing costs and encouraging economic activities.

The government's handling of infrastructure projects also appears to be a positive factor according to Consunji. Improved scheduling and payment processes for these projects are expected to hasten construction activities, a development that could have ripple effects across various sectors of the economy.

In the real estate sector, particularly the mid-segment, he noted signs of recovery. “One of our projects, Solmera Coast, is doing extremely well. In less than five months, we have sold out 74 percent of our launched units,” he added.

Located in San Juan, Batangas, Solmera Coast is the first beachfront property project of DMCI Homes. As of September 30, 2023, it yielded P6.8 billion in reservation sales for the real estate company.

Summarizing his outlook, Consunji stated, "Overall, we expect the DMCI group to deliver another resilient performance this year."

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Disclaimer: This press release contains forward-looking statements, which are subject to risks and uncertainties that may cause actual performance to differ materially from expected results or projections as of the date of this news release. No assurance can be given that the results anticipated by DMC, or indicated by any such forward looking statements, will be achieved.
Other Relevant Information

None
Filed on behalf by:
Name Herbert Consunji
Designation Executive Vice President & Chief Finance Officer