Ctf Services Limited · HKEX:659

Ctf Services — NWS Holdings — H1 FY2013 Earnings Presentation

29 slides from Ctf Services's earnings presentation, Feb 26, 2013

  1. Slide 1: FY2013 Interim Results

    FY2013 Interim Results PAVING NEW HORIZONS

  2. Slide 2: New World Group Structure

    New World Group Structure New World Development Company Limited 新世界發展有限公司 (HK stock code: 17) 69.9% 61.0% 72.3% New World China Land New World Department Store Limited China Limited 新世界中國地產有限公司 NWS Holdings Limited 新世界百貨中國有限公司 (HK stock code: 917) 新創建集團有限公司 (HK stock code: 825) (HK stock code: 659)

  3. Slide 3: NWS Investment Portfolio

    NWS Investment Portfolio Infrastructure Services Roads Facilities Management Energy Construction & Transport Water Strategic Ports & Logistics Investments 3

  4. Slide 4: Financial Summary

    Financial Summary For the six months ended 2012 2011 Change 31 December (HK$’M) (HK$’M) + / (-)% Revenue 7,971.0 6,941.9 15 Attributable Operating Profit 2,196.0 1,972.4 11 (AOP) Profit Attributable to 2,106.2 3,423.1 (38) Shareholders (PAT) Earnings per share HK$0.59 HK$1.01 (42) Dividend per share

  5. Slide 5: Financial Position

    Financial Position  Total cash and bank balances: HK$6.5 billion  Total debt: HK$18.7 billion  Net debt position: HK$12.2 billion  Net gearing ratio: 31% (As at 31 December 2012) 5

  6. Slide 6: Attributable Operating Profit

    Attributable Operating Profit By Segment By Region HK$’M (+11%) HK$’M (+11%) 2,196 2,196 2,500 2,500 1,972 1,972 2,000 2,000 1,162 1,018 1,161 1,056 1,500 (54%) (53%) 1,500 (52%) (53%) 1,000 1,000 916 1,034 954 1,035 500 (48%) (47%) 500 (46%) (47%) 0 0 2011 2012 2011 2012 Infrastructure Hong Kong Se

  7. Slide 7: AOP by Segment

    Infrastructure Roads Energy Water Ports & Logistics AOP by Segment For the six months ended 2012 2011 Change % 31 December (HK$’M) (HK$’M) Fav./(Unfav.) Roads 690.8 613.3 13 Energy 110.2 90.1 22 Water 207.5 200.5 3 Ports & Logistics 153.4 152.5 1 Total 1,161.9 1,056.4 10 7

  8. Slide 8: AOP by Segment

    Services Facilities Management Construction & Transport Strategic Investments AOP by Segment For the six months ended 2012 2011 Change % 31 December (HK$’M) (HK$’M) Fav./(Unfav.) Facilities Management 686.6 578.3 19 Construction & Transport 123.3 182.9 (33) Strategic Investments 224.2 154.8 45 Total

  9. Slide 9: Infrastructure

    —— nT all 32 NWS INFRASTRUCTURE

  10. Slide 10: Infrastructure

    INFRASTRUCTURE As at 1 February 2013 Roads and related projects in 20 Guangdong, Guangxi, Shanxi, Zhejiang and Tianjin Roads 1 Tunnel project in Hong Kong 4 Power plants in the PRC and Macau 1 Coal distributor in Guangzhou Energy Water treatment projects in the PRC 24 and Macau 1 Incineration plant

  11. Slide 11: AOP – Roads

    Infrastructure Roads Energy Water Ports & Logistics AOP – Roads For the six months ended 31 December HK$’M (+13%) 700 691 600 613 500 400 300 200 100 0 2011 2012 11

  12. Slide 12: Highlights – Roads

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Roads  Hangzhou Ring Road 杭州繞城公路  Full-period AOP contribution compensated negative impact of toll policies  Cancellation of annual pass moderated by full fare being paid  Tangjin Expressway (Tianjin North Section) 唐津高速公路(天津北段)  A

  13. Slide 13: AOP – Energy

    Infrastructure Roads Energy Water Ports & Logistics AOP – Energy For the six months ended 31 December HK$’M 150 (+22%) 100 110 90 50 0 13 2011 2012

  14. Slide 14: Highlights – Energy

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Energy  Zhujiang Power Plants 珠江電廠  Sales dropped by 24%; fuel cost dropped by 31%  Tariff up 6% - 6.5% in December 2011  Chengdu Jintang Power Plant 成都金堂電廠  Sales dropped by 5%; fuel cost dropped by 11%  Tariff up 9.8% in Decemb

  15. Slide 15: AOP – Water

    Infrastructure Roads Energy Water Ports & Logistics AOP – Water For the six months ended 31 December HK$’M 250 (+3%) 200 208 201 150 100 50 0 2011 2012 15

  16. Slide 16: Highlights – Water

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Water  Mainland China projects reported healthy sales volume growth  Sanya Water Plant up 7%  Shanghai SCIP Water Treatment Plants (industrial water) up 6%  Chongqing Tangjiatuo Waste Water Plant up 19%  Macau Water Plant  Sales

  17. Slide 17: AOP – Ports & Logistics

    Infrastructure Roads Energy Water Ports & Logistics AOP – Ports & Logistics For the six months ended 31 December HK$’M 200.0 (+1%) 150.0 153.4 152.5 100.0 50.0 0.0 17 2011 2012

  18. Slide 18: Highlights – Ports & Logistics

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics  Tianjin Orient Container Terminals 天津東方海陸集裝箱碼頭  Throughput up 5%  Xiamen Projects  Merger in progress NWS Kwai Chung Logistics Centre  ATL Logistics Centre  98% occupancy rate  NWS Kwai Chung Logistics Centre

  19. Slide 19: New Port Joint Venture in Xiamen

    Infrastructure Roads Energy Water Ports & Logistics New Port Joint Venture in Xiamen  Conditional agreement signed on 25 Feb 2013  Targeted to complete in the latter half of 2013  NWS effective interest: 13.8% with option to increase to 20% within 3 years  Injection of Xiamen New World Xiangyu T

  20. Slide 20: China Rail Container Terminals Project (CUIRC)

    Infrastructure Roads Energy Water Ports & Logistics China Rail Container Terminals Project (CUIRC)  8 operating terminals of Phase 1 completed Terminal under operation • Kunming • Qingdao 2011 2012 • Chongqing • Wuhan  Total throughput 757,000 766,000 • Chengdu • Xian • Zhengzhou • Shanghai * • Da

  21. Slide 21: Services

    —— nt 3 NWS SERVICES 21

  22. Slide 22: AOP – Facilities Management

    Services Facilities Management Construction & Transport Strategic Investments AOP – Facilities Management For the six months ended 31 December HK$’M (+19%) 700 687 600 578 500 400 300 200 100 0 22 2011 2012

  23. Slide 23: Highlights – Facilities Management

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Facilities Management  HKCEC recorded solid performance  Over 600 events were held with total patronage of approximately 3.5 million  Food and beverage revenue up 8%  Good performance by Free Duty due to i

  24. Slide 24: AOP – Construction & Transport

    Services Facilities Management Construction & Transport Strategic Investments AOP – Construction & Transport For the six months ended 31 December HK$’M 200 183 (-33%) 150 123 100 50 0 24 2011 2012

  25. Slide 25: Highlights – Construction & Transport

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Construction & Transport  Construction  Gross contract-on-hand: HK$36.0 billion  Remaining value: HK$26.1 billion  Transport  Average fuel cost dropped by 2% due to fuel hedging  Average patronage up 3%

  26. Slide 26: AOP – Strategic Investments

    Services Facilities Management Construction & Transport Strategic Investments AOP – Strategic Investments For the six months ended 31 December HK$’M 300 (+45%) 250 224 200 150 155 100 50 0 26 2011 2012

  27. Slide 27: Highlights – Strategic Investments

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Strategic Investments  Profit contributions from:  Tricor Holdings Limited  Haitong International  Other strategic investments 27

  28. Slide 28: Outlook

    Outlook Well positioned to capitalize on economical growth in Mainland China while leveraging on the booming retail related businesses in HK  Roads  Full year contribution from Hangzhou Ring Road will compensate the impact of adverse toll road policies  Water  Track record of water and waste rel

  29. Slide 29: Q&A Session

    —— Z an Bl NWS Q&A Session 29

NWS Holdings — H1 FY2013 Earnings Presentation on 6ix