C04241-2023

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)
May 29, 2023
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

DMCI Order Book at P42.4B
Background/Description of the Disclosure

Premier contractor D.M. Consunji, Inc. (DMCI) reported signs of demand recovery in the first quarter, as its order book rose by 20 percent quarter-over-quarter from P35.2 billion to P42.4 billion.

The increase was largely due to the awarding of the South Commuter Railway Project (Contract Package 02), a joint venture with Acciona Construction Philippines.

Costing over P28 billion, the project involves the construction of railway tracks and stations along España, Sta. Mesa and Paco, and will take roughly four and a half years to complete.

“DMCI’s participation in the joint venture is around 35 percent. In addition to construction revenues, we also expect to generate collateral business for our ready-mix concrete, equipment rental and steel fabrication units,” said DMCI president and CEO Jorge A. Consunji.

Year-on-year, the DMCI order book declined by 9 percent from P46.7 billion owing to the completion of several projects and descoping of North South Commuter Rail (NSCR) Contract Package 01, a joint venture with Taisei Corporation of Japan.

Current obstructions prevented access, possession, and handover of the NSCR construction site, which resulted in the exclusion of work valued at P7 billion from the project pipeline.

“We’re expecting equitable compensation for the descoping, which is a standard contract condition in construction projects. Negotiations are underway, and a resolution should be reached in the next few months,” added Consunji.

Aside from South Commuter Railway Contract Package 02, other projects in the DMCI order book include Dinapigue Causeway expansion, Xavier Junior High School Building, YCO Manila site early works and dredging and hauling of lagoon in the La Mesa Water Treatment plant.

For the first quarter, DMCI reported a standalone net income of P263 million, a 26-percent drop from P355 million because of lower construction accomplishment and fewer projects in the pipeline.

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Other Relevant Information

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