Ctf Services Limited · HKEX:659
Ctf Services — NWS Holdings — H1 FY2008 Earnings Presentation
29 slides from Ctf Services's earnings presentation, Mar 17, 2008
Slide 1: Interim Results 2007/2008
—— AT az AeZRAARAS NWS NWSHOLDINGS LIMITED Sustaining Business Growth Upholding Corporate Citizenship Interim Results 2007/2008
Slide 2: New World Group Structure
New World Group Structure 新世界發展有限公司 New World Development Company Limited (香港股份代號: 0017) (HK stock code: 0017) 70% 57% 72% 新世界中國地產有限公司 新創建集團有限公司 新創建集團有限公司 新世界百貨中國有限公司 New World China Land New World Department Limited NWS Holdings Store China Limited (香港股份代號: 0917) Limited (香港股份代號: 0825) (HK stock co
Slide 3: NWS Corporate Structure
NWS Corporate Structure Infrastructure Service & Rental 基建 服務及租務 Roads Facilities Rental 道路 設施租務 Energy Contracting 能源 建築機電 Water Financial Services 水務 金融服務 Ports Other Services 港口 其他服務 2
Slide 4: Financial Highlights
——— nt fal 2 NWS Financial Highlights
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights For the six months ended 31 Dec 2007 2006 Change (HK$’m) (HK$’m) + / (-)% Revenue 9,367.8 6,902.7 36 AOP 1,385.4 1,118.5 24 Share of profit from Harbour Place 1,014.8 - N/A Profit attributable to shareholders 2,225.4 912.2 144 Earnings per share HK$1.10 HK$0.47 134
Slide 6: Strong Financial Position
Strong Financial Position Total cash on hand and bank balances: HK$3,790 million Net debt: HK$4,891 million Net gearing ratio: 24% As at 31 Dec 2007 5
Slide 7: AOP Mix
AOP Mix (for the six months ended 31 Dec) (HK$’m) By Division (HK$’m) By Region 1,500 1,385.4 1,500 1,385.4 1,118.5 1,118.5 46% 50% 1,000 636.6 1,000 42% 47% 692.8 521.5 469.5 9% 128.3 10% 107.7 500 500 53% 50% 48% 45% 597.0 692.6 541.3 620.5 0 0 2006 2007 2006 2007 Hong Kong Service & Rental Macau
Slide 8: AOP by Segment
AOP by Segment For the six months 2007 2006 Change % ended 31 Dec (HK$’m) (HK$’m) Fav./(Unfav.) Infrastructure Roads 363.7 285.0 28 Energy 207.0 214.0 (3) Water 62.5 56.0 12 Ports 59.4 42.0 41 692.6 597.0 16 Service & Rental Facilities Rental 212.3 222.5 (5) Contracting 138.8 110.1 26 Financial Serv
Slide 9: AOP - Contribution by Segment
AOP - Contribution by Segment For the six months 2007 % of total ended 31 Dec (HK$’m) AOP Roads 363.7 26.3% Financial Services 214.6 15.5% Facilities Rental 212.3 15.3% Energy 207.0 14.9% Contracting 138.8 10.0% Other Services 127.1 9.2% Water 62.5 4.5% Ports 59.4 4.3% TOTAL 1,385.4 100.0% 8
Slide 10: Infrastructure
Slide 11: Infrastructure
20 road and bridge projects in Guangdong, Guangxi, Infrastructure Roads Shanxi, Tianjin and Wuhan; and one tunnel project in Hong Kong 5 power plants in Mainland China and Macau Energy 21 water treatment projects in Mainland China and Macau, one incineration plant in Mainland China and 6 Water one l
Slide 12: AOP - Infrastructure
AOP - Infrastructure For the six months 2007 2006 Change % ended 31 Dec (HK$’m) (HK$’m) Fav./(Unfav.) Roads 363.7 285.0 28 Energy 207.0 214.0 (3) Water 62.5 56.0 12 Ports 59.4 42.0 41 TOTAL 692.6 597.0 16 11
Slide 13: Roads
Roads AOP up 28%: Pearl River Delta projects performed strongly 200 +5.5% 160 +23.4% 120 Average Daily Traffic ('000 Vehicles) 80 +22.8% 40 0 Beijing-Zhuhai Shenzhen-Huizhou Guangzhou City Northern Expressway (Guangzhou- Roadway and Ring Road Zhuhai Section) Expressway 1H FY07 159.43 80.52 33.12 1H
Slide 14: Pearl River Delta Expressways Network
An 3 NWS ROLES AWS RAR A _ har! River Delta Expressways Network TNE I ; ef | fA — RNB AS AC Guangzhou Huadu Airport jms), id eee aNTaseE BR SSRAK(E Senet we ioe Men i, oud f Cong aa in Lion eA tT ae aa J ase neSROR 7 Guangzhou-Zhaoging Expressway |” YY sh nee EN KES | the new Guangzhou Railway Stati
Slide 15: Roads: New Investments
Roads New Investments Project name Shareholding Total Status Operational investment data Guangzhou City 22.5% Approx. Operational Approx. 72.4km Nansha Port RMB$7.8 in 2005 long; Expressway billion Dual 3-lane and 廣州市南沙港快 4-lane 速路 expressways Conghua- 15% Approx. Operational Approx. 32km Dongguan R
Slide 16: Energy
Energy AOP decreased by 3% 珠江電廠) 珠江電廠 impacted by soaring coal Zhujiang Power Plants (珠江電廠 price. Fuel costs increased by 19% 澳門電力) 澳門電力 sales volume surged by 27% Macau Power (澳門電力 國電成都金堂電廠) 國電成都金堂電廠 Guodian Chengdu Jintang Power Plant (國電成都金堂電廠 has become operational and contributed profits 廣東寶麗 G
Slide 17: Water
Water AOP increased by 12% Macau Water (澳門水廠) 澳門水廠) sales volume up 9% Tanggu Water Plant (塘沽水廠) 塘沽水廠) in Tianjin and Chongqing Water Plant (重慶水廠) 重慶水廠) sales volume up 8% each Changshu Water Plant (常熟水廠) 常熟水廠) and Chongqing Tangjiatuo Waste Water Treatment Plant (重慶唐家沱污水廠) 重慶唐家沱污水廠) have commenced
Slide 18: Ports
Ports AOP up 41% 廈門象嶼新創 Xiamen New World Xiangyu Terminals (廈門象嶼新創 建碼頭) 建碼頭 throughput increased by 6% to 403,000 TEUs Tianjin Five Continents International Container 天津五洲國際集裝箱碼頭) 天津五洲國際集裝箱碼頭 throughput Terminal (天津五洲國際集裝箱碼頭 remained stable and handled 1,029,000 TEUs in 1H FY08 Wenzhou Zhuangyuan Ao
Slide 19: Ports: New Investment
Ports New Investment 廈門海滄碼頭） 廈門海滄碼頭 Xiamen Haicang Terminal (40%)（廈門海滄碼頭 Shareholding: NWS 40%, CMA 30%, Xiamen Haicang Investment 30% Total investment approx. RMB$2.3 billion Throughput 1 million TEUs Quay length 754m Operational 2nd half 2009 Project pending approval of National Development and Re
Slide 20: Service & Rental
Service & Rental
Slide 21: AOP – Service & Rental
AOP – Service & Rental For the six months 2007 2006 Change % ended 31 Dec (HK$’m) (HK$’m) Fav./(Unfav.) Facilities Rental 212.3 222.5 (5) Contracting 138.8 110.1 26 Financial Services 214.6 46.5 362 Other Services 127.1 142.4 (11) TOTAL 692.8 521.5 33 20
Slide 22: Facilities Rental
Facilities Rental AOP of Facilities Rental dropped by 5% HKCEC • AOP dropped due to effects from Atrium Link construction and higher operating costs • Atrium Link expansion to increase exhibition space by 19,400 sq m is expected to complete by Q1 2009 • 3.3 million visitors attended 696 events versu
Slide 23: Facilities Rental: China Rail Container Terminals
Facilities Rental China Rail Container Terminals Project 18 pivotal rail container terminals in 18 major cities in Mainland China scheduled to be operational in phases by 2010 Kunming is the first terminal commenced operation with target throughput 150,000 TEUs in 2008, exceeding breakeven point Con
Slide 24: Contracting
Contracting AOP increased 26% Contract-on-hand: HK$38.3 billion as at 31 December 2007 Included HK$16 billion contracts representing over 20% market share in Macau The 50/50 Hip Hing / Gammon JV won the HK$4.94 billion HK Government headquarters contract. Target completion: mid 2011 23
Slide 25: Financial Services
Financial Services Financial Services profit up 362% to HK$214.6 million Strong profits from Taifook Securities due to vibrant stock market and increased shareholding from 21.49% to 57.59% Taifook Securities reported net profit of HK$484.8 million for its year ended 31 Dec 07 Solid contribution from
Slide 26: Other Services
Other Services All services remained stable except Transport Transport AOP decreased by 26% primarily due to surging fuel costs and wages • Hong Kong bus business applied for 5.8% fare rise • Local ferry service posted a loss • Macau ferry passenger volume increased by 30% 25
Slide 27: Harbour Place Project
Harbour Place Project 2,470 residential units in total Sold 940 units at average selling price of approx. HK$7,000 per sq ft in 1H FY08 Share of profit HK$1,014.8 million in 1H FY08 26
Slide 28: Awards (July – Dec 07)
Awards (July – Dec 07) Hong Kong Corporate Governance Excellence Awards 2007 Best Practice Awards 2007 – Enterprise Governance HKIHRM / SCMP People Management Awards 2007 Best HR Team and Best Change Management Practices in Hong Kong HR Awards 2007 Best Brand Enterprise Award and Outstanding Corpora
Slide 29: An fall NWS
—— An fall 32 NWS Sustaining Business Growth Upholding Corporate Citizenship ~ ~~ Ga carin ny fing Const of Socal Sree SAG ehaesse