Ctf Services Limited · HKEX:659

Ctf Services — NWS Holdings — FY2014 Earnings Presentation

34 slides from Ctf Services's earnings presentation, Sep 23, 2014

  1. Slide 1: FY2014 Annual Results

    —_ an Bl 32 NWS FY2014 Annual Results ONWARDS AND UPWARDS

  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) 69.7% 61.3% 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 基建 服務 Roads 道路 Facilities Management 設施管理 Energy 能源 Construction & Transport Water 建築及交通 水務 Strategic Investments Ports & Logistics 策略性投資 港口及物流 3

  4. Slide 4: Financial Summary

    Financial Summary 2014 2013 Change % For the year ended 30 June (HK$’M) (HK$’M) Fav./(Unfav.) Revenue 21,443.0 16,247.9 32 Attributable Operating Profit 4,379.0 4,267.3 3 (AOP) Profit Attributable to 4,324.9 4,008.0 8 Shareholders (PAT) Earnings per share (HK$) 1.17 1.11 5 Dividend per share (HK$) 0

  5. Slide 5: Financial Position

    Financial Position  Total cash and bank balances: HK$7.6 billion  Total debt: HK$17.6 billion  Net debt position: HK$10.0 billion  Net gearing: 23% (24% as at 30 June 2013) (As at 30 June 2014) 5

  6. Slide 6: Attributable Operating Profit

    Attributable Operating Profit By Segment By Region HK$’M HK$’M 4,267 4,379 4,267 4,379 4,500 4,500 4,000 4,000 3,500 2,288 2,428 3,500 2,205 2,292 3,000 (54%) (55%) 3,000 (52%) (52%) 2,500 2,500 2,000 2,000 1,500 1,500 1,979 1,951 2,062 2,087 1,000 1,000 (46%) (45%) (48%) (48%) 500 500 0 0 FY2013 FY

  7. Slide 7: Infrastructure

    INFRASTRUCTURE Roads Energy Water Ports & Logistics 7

  8. Slide 8: Infrastructure project count

    INFRASTRUCTURE As at 23 September 2014 Roads and related projects in 19 Guangdong, Guangxi, Shanxi, Zhejiang and Tianjin Roads 1 Tunnel project in Hong Kong 3 Power plants in the PRC Energy 1 Coal distributor in Guangzhou Water treatment projects in the PRC and 27 Macau 1 Incineration plant in Shang

  9. Slide 9: Infrastructure AOP by Segment

    Infrastructure Roads Energy Water Ports & Logistics AOP by Segment 2014 2013 Change % For the year ended 30 June (HK$’M) (HK$’M) Fav./(Unfav.) Roads 1,126.7 1,238.2 (9) Energy 384.0 330.2 16 Water 355.7 389.3 (9) Ports & Logistics 561.6 330.4 70 Total 2,428.0 2,288.1 6 9

  10. Slide 10: AOP – Roads

    Infrastructure Roads Energy Water Ports & Logistics AOP – Roads HK$’M 1,400 1,200 (-9%) 25% 1,000 FY2014 AOP 800 600 1,238 1,127 400 200 0 FY2013 FY2014 10

  11. Slide 11: Highlights – Roads

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Roads  Hangzhou Ring Road 杭州繞城公路  Toll revenue up 6% due to growth of heavy vehicles  Traffic up 4%  Tangjin Expressway (Tianjin North Section) 唐津高速公路(天津北段)  Traffic up 7% (newly expanded south-bound section re-opened in Sep 2013)

  12. Slide 12: AOP – Energy

    Infrastructure Roads Energy Water Ports & Logistics AOP – Energy HK$’M 330 384 12

  13. Slide 13: Highlights – Energy

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Energy  Zhujiang Power Plants 珠江電廠  Fuel costs down 11%  Electricity sales remained stable Zhujiang Power Plant  Chengdu Jintang Power Plant 成都金堂電廠  Fuel costs down 18%  Electricity sales down 11%  Guangzhou Fuel Company 廣州燃料公司

  14. Slide 14: AOP – Water

    Infrastructure Roads Energy Water Ports & Logistics AOP – Water HK$’M (-9%) 14

  15. Slide 15: Highlights – Water

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Water  Mainland China projects maintained healthy sales momentum  Chongqing Water Plant up 11%  Tanggu Water Plant up 10%  Chongqing Tangjiatuo Waste Water Plant up 24%  Macau Water Plant  Sales volume up 6%; Tariff hike of 6% in

  16. Slide 16: AOP – Ports & Logistics

    Infrastructure Roads Energy Water Ports & Logistics AOP – Ports & Logistics HK$’M (+70%) 330 562 16

  17. Slide 17: Highlights – Ports & Logistics

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics  Tianjin Five Continents Int'l Container Terminals 天津五洲國際集裝箱碼頭  Throughput up 5%  Tianjin Orient Container Terminals 天津東方海陸集裝箱碼頭  Throughput down 3%  Xiamen Container Terminal Group 廈門集裝箱碼頭集團  Throughput of 3.1M

  18. Slide 18: Highlights – Ports & Logistics (Continued)

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics （Continued）  Beijing Capital International Airport (BCIA) 北京首都國際機場 (北京機場)  Second largest shareholder with 10.35% of equity interest  Full year contribution in FY2015  Potential growth in non-aeronautical business

  19. Slide 19: Highlights – Ports & Logistics (Continued)

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics （Continued）  ATL Logistics Centre  99% occupancy rate  Average rental up 16%  China United Int'l Rail Containers (CUIRC) ATL Logistics Centre  Throughput up 5% to 1.6M TEUs  Business development set to benefit f

  20. Slide 20: Services

    SERVICES Facilities Management Construction & Transport Strategic Investments 20

  21. Slide 21: Services AOP by Segment

    Services Facilities Management Construction & Transport Strategic Investments AOP by Segment 2014 2013 Change % For the year ended 30 June (HK$’M) (HK$’M) Fav./(Unfav.) Facilities Management 910.7 1,123.6 (19) Construction & Transport 605.3 394.3 54 Strategic Investments 435.0 461.3 (6) Total 1,951.

  22. Slide 22: AOP – Facilities Management

    Services Facilities Management Construction & Transport Strategic Investments AOP – Facilities Management HK$’M 1,124 1,124 22

  23. Slide 23: Highlights – Facilities Management

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Facilities Management  HKCEC  1,086 events with total patronage of 5.9 million  Exhibition rental revenue up 4% HKCEC  Free Duty  Continuous growth in average customer spending  Impact from the expiry of

  24. Slide 24: AOP – Construction & Transport

    Services Facilities Management Construction & Transport Strategic Investments AOP – Construction & Transport HK$’M 334 24

  25. Slide 25: Highlights – Construction & Transport

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Construction & Transport  Construction  Revenue up 72% reflecting good job progress & gross profit margin improvement  Gross contract-on-hand: HK$50.1 billion  Remaining value: HK$34.5 billion  Transport

  26. Slide 26: AOP – Strategic Investments

    Services Facilities Management Construction & Transport Strategic Investments AOP – Strategic Investments HK$’M 26

  27. Slide 27: PAT & AOP CAGR

    PAT & AOP 6 5 CAGR: 10.9% HK$‘ Billion 4 3 PAT 2 AOP 1 CAGR: 0 8.7% 2004 2006 2008 2010 2012 2014 Financial Year 27

  28. Slide 28: Net Assets

    Net Assets CAGR: 15.8% 50 $43.0B 40 HK$‘ Billion 30 20 10 $9.9B 0 2004 2006 2008 2010 2012 2014 Financial Year 28

  29. Slide 29: Outlook – Infrastructure AOP

    OUTLOOK- INFRASTRUCTURE AOP – Infrastructure CAGR: HK$’M 9.8% 2,500 2,000 1,500 1,000 500 0 2009 2010 2011 2012 2013 2014 Financial Year Roads Energy Water Ports & Logistics 29

  30. Slide 30: Outlook – Infrastructure

    OUTLOOK- INFRASTRUCTURE Core business – sustainable growth through accretive mergers and acquisitions  Roads  Stable traffic growth and operating environment  Water  Organic growth and strong demand for green projects  Reduction of value-added tax rate on water tariff effective from July 2014 

  31. Slide 31: Outlook – Services AOP

    OUTLOOK - SERVICES AOP – Services CAGR: 13.9% HK$’M 2,000 1,500 1,000 500 0 2009 2010 2011 2012 2013 2014 Financial Year Facilities Management Construction & Transport Strategic Investments 31

  32. Slide 32: Outlook – Services

    OUTLOOK - SERVICES  HKCEC  Strong demand for high-end lifestyle exhibitions  Free Duty  Promotions and new branded products to maximize sales  Robust patronage growth at Lok Ma Chau Station  Continue to seek opportunities to extend geographic footprint  Construction  Buoyant construction mar

  33. Slide 33: Disclaimer

    Disclaimer NWS Holdings Limited (“NWS”) makes no representation or warranty of any kind, express, implied or statutory regarding the accuracy or completeness of the information contained. The information in this presentation is prepared solely for information purposes only. Users and readers are cau

  34. Slide 34: Thank you – Q&A Session

    =S>~ nt ells NWS Thank you Q&A Session

NWS Holdings — FY2014 Earnings Presentation on 6ix