Tianjin Port Development Holdings Limited · HKEX:3382
Tianjin Port Development — FY2010 Earnings Presentation
21 slides from Tianjin Port Development's earnings presentation, March 2011
Slide 1: Corporate Presentation March 2011
Corporate Presentation March 2011
Slide 2: Table of Contents
2 Table of Contents Section 1：China’s Port Industry Section 2：Tianjin Port Development in 2010 Section 3：Looking Forward
Slide 3: Section 1: China's Port Industry
3 Section 1：China’s Port Industry
Slide 4: China Ports Growth Returned
4 China Ports Growth Returned China’s Foreign Trade Value Rebound in 2010 Trade value grew yoy by 34.7% in 2010 to US$2,973 billion Throughput at major ports in China recorded encouraging growth in 2010 China Total Trade Values Throughput at Major Ports in China Million Million US$Bn TEUs Tonnes
Slide 5: Port of Tianjin Maintained Steady Growth
5 Port of Tianjin Maintained Steady Growth Total Cargo Throughput of China Major Ports(Note) in 2010 700 629 Million 600 563 tonnes 500 413 410 400 350 330 314 263 300 200 100 0 Ningbo- Shanghai Tianjin Guangzhou Qingdao Suzhou Dalian Qinhuangdao Zhoushan Container Throughput of China Major Ports(No
Slide 6: Section 2: Tianjin Port Development in 2010
6 Section 2：Tianjin Port Development in 2010
Slide 7: Corporate Structure
7 Corporate Structure Tianjin Development Tianjin Port Group Public (00882.HK) 53.5% 21.2%(1) 25.3% Tianjin Port Development (03382.HK) 56.81% Tianjin Port Co (600717.SH) 7 container operating units with a total capacity of 12 million TEUs 14 non-containerised cargo operating units, including pr
Slide 8: Performance Summary
8 Performance Summary Total non-containerised cargo throughput grew 3.6% to 217 million tonnes Total container throughput increased 15.9% to 10 million TEUs Revenue grew 20.3% to HK$15,053 million Recurring operating profit margin(1) at 12.2% Profit of HK$571 million, representing 54.1% yo
Slide 9: Strong Earnings Growth
9 Strong Earnings Growth Income Statement Change vs HK$ million 2010 2009 Revenue 15,052.7 +20.3% - cargo handling 5,464.4 +8.7% - sales 7,755.5 +29.9% - other port ancillary services 1,832.8 +21.6% Recurring operating profit margin (1) 12.2% +0.8 ppt. Note 1. Excluding professional fees related to
Slide 10: Cargo Handling Business
10 Cargo Handling Business Non-containerised Cargo Handling Change vs 2010 2009 Throughput, total (million tonnes) 216.8 +3.6% Throughput, consolidated basis (million tonnes) 193.6 +3.3% Revenue (HK$ million) 3,958.7 +3.4% Average Unit Price (HK$) 20.4 On par Major cargo types recorded encouraging
Slide 11: Cargo Handling Business
11 Cargo Handling Business Container Handling Change vs 2010 2009 Throughput, total (million TEUs) 10.1 +15.9% Throughput, consolidated basis (million TEUs) 5.7 +12.6% Revenue (HK$ million) 1,505.7 +25.7% Average Unit Price (HK$) 266.1 +11.6% Consolidated throughput increased by 12.6% mainly due t
Slide 12: Sales Business
12 Sales Business Change vs 2010 2009 Revenue (HK$ million) 7,755.5 +29.9% Mainly engaged in supply of fuel to inbound vessels, sales of steel and other materials Revenue grew due to increase in oil price and trade volume of materials
Slide 13: Other Port Ancillary Services Business
13 Other Port Ancillary Services Business Change vs 2010 2009 Revenue (HK$ million) 1,832.8 +21.6% Other businesses include tugboat services, agency services, tallying and other port ancillary services In terms of volume, tugboat service grew 13.6%, shipping agency service grew 5.5%, cargo agenc
Slide 14: Healthy Asset Base & Operating Cash Flow
14 Healthy Asset Base & Operating Cash Flow Balance Sheet Change vs. HK$ million At 31/12/10 31/12/09 Total Assets 31,758 +6.6% Total Equity 18,210 - Total Borrowings 10,051 +19.1% Gearing (%) (1) 55.2% +8.8 ppt Cash Flow HK$ million 2010 Net cash from operating activities 1,996 Net cash used in inv
Slide 15: Section 3: Looking Forward
15 Section 3：Looking Forward
Slide 16: Landmark Transaction
16 Landmark Transaction The acquisition of a 56.81% stake in Tianjin Port Co (an A-share listed company) completed in February 2010 The enlarged Group integrates all the listed quality assets within the port of Tianjin, leading to a more diversified business structure and enhanced overall compet
Slide 17: The port of Tianjin – the Pearl of Bohai Bay
17 The port of Tianjin – the Pearl of Bohai Bay The port of Tianjin – Largest artificial port and important international trading port in PRC ― Total area: approximately 200 km2 Xinjiang ― Land area: approximately 47 km2 Inner Mongolia Beijing Hebei Ningxia Tianjin Vast economic hinterland: 14 p
Slide 18: Tianjin Binhai New Area
18 Tianjin Binhai New Area Designated under the 12th 5 Year Plan to become a key regional economic growth driver in Tianjin Binhai New Area China, after the Shenzhen Special Economic Zone and the Shanghai Pudong New Area 8 key sectors including aviation information technology, automobiles, petro
Slide 19: Investment Highlights
19 Investment Highlights Binhai Coastal Area: the focus of China’s economic development Strategic location at Bohai Bay Rapidly developing hinterland The largest port in North Dominant position at China and the largest the port of Tianjin single-location port with unparalleled listed in Hong Kong co
Slide 20: Q & A
20 Q&A www.tianjinportdev.com
Slide 21: Forward Looking Statements
21 Forward Looking Statements This presentation and subsequent discussion may contain certain forward- looking statements with respect to the financial condition, results of operations and business of Tianjin Port Development. These forward- looking statements represent Tianjin Port Development’s
Tianjin Port Development Holdings — FY2010 Earnings Presentation on 6ix