UBS Non-Deal Roadshow, Thursday, 30 April 2015, Tokyo!

DMCI Holdings, Inc.!Investor Relations!

1!

Disclaimer!

✤  •The information contained in this document is strictly confidential. Neither DMCI Holdings, Inc. (DMCI), nor its advisors make any representation regarding, and assumes no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in any information contained herein. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning DMCI.!

✤  •In addition, this document contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of DMCI, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements are subject to risks and uncertainties that may cause actual events and DMCI’s future results to be materially different than expected or indicated by such statements. No assurance can be given that the results anticipated by DMCI, or indicated by any such forward looking statements, will be achieved.!

✤  •This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the United States Securities Act of 1933, as amended (the “Securities Act”) or an exemption from such registration. This document is not an offer to sell securities or a solicitation of an offer to buy securities in any jurisdiction where such offer or sale is not permitted.!

2!

“…building is not just an occupation or even just a profession, but a calling. Constructing honestly and well is a

task that combines huge social value, enormous technical challenges, and a great ethical obligation to be fair to clients

and employees.” !

–David M. Consunji, Founder & Chairman Emeritus!

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Organizational Chart!

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DMCI Holdings, Inc.!

CONSTRUCT-ION!

LOCAL & INT’L!

DMCI Construction !

REAL ESTATE!

METRO MANILA !

DMCI HOMES

(PDI) !

OUTSIDE METRO MANILA!

UPDI!

MINING !

COAL!

SEMIRARA (SMPC)!

NICKEL !

DMCI MINING CORP.!

ENK! TOLEDO (TMC)!

WATER!

METRO MANILA!

MAYNILAD!

OUTSIDE METRO MANILA!

SUBIC WATER!

POWER !

ON-GRID!

SCPC & SLPC

(wholly-owned by Semirara)!

OFF-GRID!

DMCI POWER CORP.!

Business Synergy:!

5!

ENGINEERING EXPERTISE !

POWER!

WATER! MINING!

CONSTRUCTION & REAL ESTATE DEVELOPMENT !

History of DMCI!

✤  Founded in 1954, it is acknowledged as one of the leaders in the Philippine construction industry!

✤  Built more than 500 buildings & structures (including national landmarks)!

✤  One of the first to use precast, pre-stressed & high-strength ready-mixed concrete!

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Stability Through Growth!

7!

1995! 1996! 1997! 1998! 1999 ! 2000 ! 2001 ! 2002! 2003 ! 2004! 2005! 2006! 2007! 2008! 2009! 2010! 2011! 2012! 2013! 2014!

Power (Spug)! 1,828 !

Power (Calaca) ! 443! 8,700! 9,600! 9,700! 14,800! 12,309 !

Nickel! 1,516 !

Coal! 421! 873! 758! 770! 1,369! 1,517! 2,177! 5,066! 5,553! 4,688! 6,467! 9,170! 11,600! 14,200! 16,200! 14,400! 12,600! 16,277 !

Real Estate! 278! 921! 167! 71! 41! 332! 390! 329! 470! 718! 1,508! 1,905! 2,455! 4,737! 7,000! 7,700! 8,200! 9,200! 12,200! 12,494 !

Construction! 3,200! 5,400! 8,300! 8,100! 5,900! 3,400! 2,300! 1,300! 1,900! 1,950! 2,800! 1,700! 2,960! 4,100! 8,000! 10,700! 10,300! 15,100! 14,400! 12,137 !

Parent ! 204! 322! 148! 19! 37! 88! 43! 28! 20! 24! 180! 360! 570! 120! 260! 70!

0!

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50000!

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Rev

enue

(Php

Mill

ions

)!

Consolidated:!

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44!48!

52!56! 57!

8! 10! 10!

19!

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1! 1.2 ! 2.2! 3.6!2.96 ! 3.61 ! 3.69!7.13!

0.81!

2010 ! 2011 ! 2012 ! 2013 ! 2014 !

Financial (Revenue & Net Income in Php Billions)!

Revenue! Net Income! Dividends per Share! EPS!

(1)  2014 Net Income includes one-time gain!(2)  Dividends per share for 2014 yet to be announced by the BOD!

Construction!Buildings, Infrastructure, Energy & Water Works!

9!

Project Type! Order Book!as of 12/2013!

Newly Awarded!2014! Booked Revenues! TOTAL!

(PhP Millions)!

Buildings! 3,272! 3,557! 3,229! 3,600!

Infrastructure! 11,033! 3,289! 4,568! 9,754!

Energy! 6,089! 1,932! 5,825! 2,196!

Water Works! 708! 2,802! 546! 2,964!

TOTAL! 21,102! 11,580! 14,168! 18,514!

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DMCI Construction: !

11!

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16,000"

2010" 2011" 2012" 2013" 2014"

Revenue" Net"Income"

19%"

53%"

16%"12%" Buildings"

Infra"Water"Power"

Construction: 2014 Project Mix!

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2010" 2011" 2012" 2013" 2014"

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Latest Orderbook: as of Jan/15 !

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19%"

53%"

16%"12%" Buildings"

Infra"Water"Power"

Construction: 2014 Project Mix!

!

3,600! 4,200!

9,800!

26,700 !

5,100! 4,900!

2014 END! 2015 (as of January)!

Updated Orderbook !(as of January 2015) !

Buildings! Infrastructure! Water & Power!

(*)!

(*) Half of Skyway Stage 3 & LRT 2 Construction!

!

Award 1: TPLEX Tarlac-Pangasinan-La Union-Expressway !

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Award 2: NAIA Expressway !

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Award 3: NAIA Terminal 1 Rehab !

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Award 4: Connector Road (CITRA)* !• Blue Segment = MPIC!!• Red Segment = CITRA!!• 5 km _Common Segment_!

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*Only ½ of Segment 3 has been awarded!

DMCI Homes!Real Estate Development!•Sustain housing developments!• Target: 8-10% growth!• Possible development into other market segments (higher & lower end)!

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Sales & Reservations!

DMCI HOMES – 2014! In Php Millions! # of units!

Units Only! 17,371! 5756!

Parking! 1,580! 2751!

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DMCI Homes:!

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Revenue" Net"Income" Sales"&"ReservaFons"Revenue & Net Income!

DMCI Homes’ ‘Traditional’ Product: MIREA!

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DMCI Homes’ ‘New’ Product: BRIO!

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Coal Mining!Semirara!* Flat production!* Highly dependent on coal prices!* Continue CSR & sustainability programs!

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Semirara Resources: Coal & other reserves!

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PANIAN PIT (ACTIVE) 18 mil. Mt Remaining

BOBOG PIT 48 mil. mt

Tuong UG 12 mil. mt

HIMALIAN 80 mil. mt

UNONG PIT 12 mil. Mt

( Depleted )

► Coal Reserves Open Pit ………. 146 million mt Remaining as of Jan .1, 2014 Underground …. 12 million mt Initial for Tuong

► Earlier Studies Conducted by: AustroMineral Contractors, 1980-85 Dames & Moore, 1982 Geomontan, 1990 Monenco Consultants Limited, 1990

► Inhouse Drilling (2006-present) 690 Exploration & confirmatory drill holes

Semirara (Coal Mining)!

BEFORE! 1996!

Production (‘000 MT)! 806!

Revenue (Php Mn)! 654!

Net Income (Php Mn)! -2,335!

FOB Price (Php Mn)! 997!

Purchase Price (Php Mn) 66% equity! 672!

AFTER! 2012! 2013! 2014!

Volume Sold (MMT)! 7.18! 7.63! 8.89!

Revenue (Php Mn)! 14, 450! 12, 573! 16, 277!

Net Income (Php Mn)*! 3, 088! 1, 800! 3, 889!

FOB Price (Php Mn)! 2, 454! 2, 185! 2, 127!

Market Value* (Php Mn) 56% equity! 47, 082! 53, 346! 80, 029*!

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*Combined NAV for Semirara Coal & Power (Sem-Calaca); taken from Deutsche Regis report 2 July 2014 !(*) Before Consolidation!

Semirara (Coal Mining):!

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Volume"Sold"(Thousand"MT)" Average"Price"per"MT"(Php)"

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Semirara FOB vs Newcastle:!

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MONTH Global Coal New Castle Index Sem Coal/MT FOB (PHP)

2013 2014 2013 2014 January $93.15 $82.49 2,025 2,304

February $94.89 $77.34 2,208 2,414 March $91.19 $74.33 2,303 2,413 April $87.33 $73.37 2,212 2,337 May $87.67 $73.88 2,279 2,211

June $82.77 $71.91 2,228 2,153 July $77.31 $69.20 2,287 2,038

August $78.31 $69.49 2,209 2,034 September $78.39 $66.37 2,064 1,975

October $81.38 $64.32 2,119 1,877 November $84.56 $63.57 2,158 1,918 December $85.86 $64.75 2,173 1,953

BCQ P/KWH vs Newcastle: FY 2014 (P/KWH)!

29!

Jan! Feb! Mar! Apr! May! June! Jul! Aug! Sep! Oct! Nov! Dec!New Castle Index, `US$ ! 82.49! 77.34! 74.33! 73.37! 73.88! 71.91! 69.2! 69.49! 66.37! 64.32 ! 63.57 ! 64.75 !BCQ, P/Kwh! 4.30 ! 4.30 ! 4.64 ! 3.66 ! 3.50 ! 3.42 ! 3.50 ! 3.44 ! 3.38 ! 3.36 ! 3.33 ! 3.41 !

82.49!

77.34!

74.33!

73.37!

73.88!

71.91!

69.2!

69.49!

66.37!

64.32 !

63.57 !

64.75 !

4.30 !

4.30 !

4.64 !

3.66 !

3.50 !

3.42 !

3.50 !

3.44 !

3.38 !

3.36 !

3.33 !

3.41 !

- ! 0.50 ! 1.00 ! 1.50 ! 2.00 ! 2.50 ! 3.00 ! 3.50 ! 4.00 ! 4.50 ! 5.00 !

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BCQ P/KWH !NEW CASTLE

PRICE INDEX PER MT (US$) !

NEWC vs ICI:!

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MONTH NEWC ICI NEWC*ICIJAN-'13 93.15 91.45 1.70-----------FEB 94.89 93.66 1.23-----------MAR 91.45 92.87 (1.42)---------APRIL 87.33 89.51 (2.18)---------MAY 87.67 89.08 (1.41)---------JUNE 82.77 84.37 (1.60)---------JULY 77.31 79.25 (1.94)---------AUG 78.31 79.03 (0.72)---------SEPT 78.39 78.86 (0.47)---------OCT 81.38 80.54 0.84-----------NOV 84.56 82.38 2.18-----------DEC.- 85.86 83.70 2.16-----------JAN-'14 82.49 83.22 (0.73)---------FEB 77.34 80.41 (3.07)---------MARCH 74.33 78.32 (3.99)---------APR 73.37 77.44 (4.07)---------MAY 73.88 77.09 (3.21)---------JUNE 71.91 76.29 (4.38)---------JULY 71.91 74.94 (3.03)---------AUG 69.49 73.38 (3.89)---------SEPT 66.37 70.42 (4.05)---------OCT. 64.32 69.26 (4.94)---------NOV 63.57 68.26 (4.69)---------DEC.- 63.53 67.28 (3.75)---------

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NEWC-vs-ICI

NEWC ICI

Nickel Mining! DMCI Mining!

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DMCI Mining: Background Info!

✤  DMCI Mining (Incorporated in 2007) has two main Nickel Mining assets: Zambales Diversified Metals Corp (ZDMC) and Berong Nickel Corp (BNC).!

✤  The first is located in Zambales and the second in Palawan.   !

✤  ZDMC together with other ENK Group of companies were acquired in August 2012, for the 60% ownership and in March 2014 for the 100% / full ownership and control for PHP 5.2 Billion!

✤  BNC  with Ulugan Nickel and Ipilan under Toledo Mining Group of Companies were acquired on December 2013 for PHP 1.7 Billion and full control on June 2014 upon installation of  its officers for 5/7 Board seats.!

✤  In 2012, the company entered into a service agreements (Exploration and Chromite Mining) with Ferro Chrome / PGMC Group for 5% Royalties on extraction in our Zambales properties.  While in 2014, we sold the Ipilan mine to the same group in Palawan for U$14M.!

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Nickel Mining!

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DMCI Mining:!

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Average"Price"per"WMT"(Php)"

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Properties! MMT (Resource Estimate)! Nickel Grade!

Berong (Palawan)!

- Berong Region! 100-160! 1.2-1.4%!

- Morsoom! 20-40! 1.0-1.3%!

- Longpoint! 60-100! 1.1-1.4%!

Ulugan! 95-105! 1.0-1.5%!

Acoje (Zambales)! 29 (Reserve)! 1.0-2.0%!35!

36!Map of DMCI Mining’s Operations in Palawan!

Maynilad!Water Concessionaire!

37!

Arbitration:!

•  On March 27, 2015, Maynilad Water Services, Inc. (“Maynilad”) served the Philippine Republic (the “Republic”), through the Department of Finance, a Notice of Arbitration and Statement of Claim (i) pursuant to the terms of the Letters of Undertaking which the Republic issued in favor of Maynilad on July 31, 1997 and March 17, 2010 (the “Undertaking”), and (ii) in respect of Maynilad’s demands for payment on the Republic in its letters dated February 20 and March 9, 2015 (the “Demand Letters”).!

•  The Undertaking provides, among other things, that the Republic shall indemnify the Concessionaire in respect of any losses occasioned by a delay caused by the Republic or any government-owned agency in implementing any increase in the Standard Rates beyond the date of its implementation in accordance with the Concession Agreement.!

•  In the Demand Letters, Maynilad claims compensation from the Republic for its revenue losses due to the unjustified delay of the MWSS, a wholly-owned agency of the Republic, to implement the arbitral award that was issued on December 29, 2014 upholding Maynilad’s alternative rate rebasing adjustment, despite such arbitral award’s being final and binding on the parties. From January 1, 2013 until February 28, 2015, Maynilad’s revenue losses have already reached Php3.44 Billion, and it continues to incur revenue losses averaging Php208 Million for every month of additional delay in 2015.!

•  Maynilad served the Republic the Notice of Arbitration and Statement of Claim following the latter’s failure/refusal to pay the amount indicated in the Demand Letters. Pursuant to the Undertaking, the arbitration proceedings shall be conducted in Singapore before a three-man panel.! 38!

Maynilad!

BEFORE! 1996!

Billed Volume (mcm)! 286!

Revenue (Php Mn) 100%! 7, 377!

Net Income (Php Mn) 100%! 1, 666!

NRW (%)! 66.00!

Purchase Price (Php Mn) 42% equity! 3, 000!

AFTER! 2012! 2013! 2014!

Billed Volume (mcm)! 428! 444! 463!

Revenue (Php Mn) 100%! 15, 834! 16, 777! 18,200!

Net Income (Php Mn) 100%! 6, 386! 6, 846! 8,270!

NRW (%)! 44! 39! 34!

Market Value* !(Php Mn)!

34, 294 42% equity!

21, 192* 25% equity! 22, 663*!

39!*NAV taken from Deutsche Regis report 2 July 2014!

Maynilad:!

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2010" 2011" 2012" 2013" 2014"

NRW%:&Steadily&Declining&

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Maynilad:!

41!*NAV taken from Deutsche Regis report 2 July 2014!

0"2,000"4,000"6,000"8,000"10,000"12,000"14,000"16,000"18,000"20,000"

2010" 2011" 2012" 2013" 2014"

Revenue" Net"Income"

Organic Growth: Bulacan!

42!

Organic Growth: South (Cavite & Laguna)*!

* With Water Source Options!43!

Power !(On-Grid)!SEM-Calaca!

44!

Power (Sem-Calaca)!

BEFORE! 2010!

Generation (GWh)! 1,635!

Revenue (Php Mn)! 8,700!

Net Income (Php Mn)! 1,400!

Purchase Price (Php Mn) 100% owned by SMPC! 16, 290!

AFTER! 2012! 2013! 2014(*)!

Generation (GWh)! 2, 463! 3, 638! 2, 840!

Revenue (Php Mn)! 9, 700! 14, 760! 12, 309!

Net Income (Php Mn)! 3, 280! 5, 780! 3, 175!

NAV (Php Mn)*! 64, 600! 64, 600! 80, 029*!

45!

*Combined NAV for Semirara Coal & Power (Sem-Calaca); taken from Deutsche Regis report 2 July 2014 !(*) Net Income before consolidation!

Power (Sem-Calaca):!

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Power (Sem-Calaca):!

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Power !(Off-Grid)!DMCI Power (SPUG)!

48!

Off-Grid Power!

49!

•  13MW""Diesel"Power"Plant""•  Supply"agreement"for"15"years"•  Target:"15MW"by"2017"

•  25MW""Diesel"Power"Plant""•  Supply"agreement"for"15"years"

"•  15MW""Bunker/Diesel"Power"Plant""•  Supply"agreement"for"20"years"

Palawan (Diesel)!

Mindoro (Bunker/Diesel)!

DMCI Power: SPUG!

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2010" 2011" 2012" 2013" 2014"

Revenue" Net"Income"

Moving Forward!

51!

Construction! Pursue construction works from PPP projects and power plant projects!

Coal Mining! Low oil prices will off-set decrease in coal prices!

Power! 2x150 MW operational (approx. 1H 2015)!

Housing! Building-up on “Brio” and Baguio projects!

Water! Consolidation of rate-rebasing!

Nickel Mining! Nickel Expansion!

Pledge to Shareholders!

✤  DMCI will seek a fair, not an over valuation of its shares!

✤  DMCI will focus on the long-term, not the short-term!

✤  DMCI will respect the rights of its Minority Stockholders!

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