China Aviation Oil (singapore) Corporation Ltd · SGX:G92
China Aviation Oil (singapore) — FY2011 Earnings Presentation
16 slides from China Aviation Oil (singapore)'s earnings presentation, Feb 22, 2012
Slide 1: FY2011 Results Briefing
22 February 2012 FY2011 Results Briefing 2011年业绩发布会 2011年业绩发布会
Slide 2: Cautionary note on forward-looking statements
2 China Aviation Oil Cautionary note on forward-looking statements 免责声明 This presentation slides may contain forward-looking statements that involve risks and uncertainties. These statements reflect management’s current expectations, beliefs, hopes, intentions or strategies regarding the future and
Slide 3: Section 1: FY2011 Highlights
China Aviation Oil Section 1: 第一部分： FY2011 Highlights 2011年 年业绩介绍 A member of the GTP 全球贸易商计划成员
Slide 4: Another year of record performance
4 Another year of record performance 业绩再创新高 China Aviation Oil Strong performance from jet fuel supply and trading business despite challenging environment 尽管经营环境严峻，航油供应与贸易业务仍有强劲表现 Supply of jet fuel into the PRC continued to increase; expanded supply locations to more cities in the PRC 中国进口量继续增加；供应
Slide 5: Strengthening growth foundation
5 Strengthening growth foundation 巩固增长基础 增长基础 巩固China Aviation Oil Breakthrough acquisitions: 实业投资有所突破： Announced acquisitions of 26% equity stakes in storage facilities in Malaysia and Korea; building up a network of logistics assets to support trading activities in Asia Pacific 分别收购马来西亚和韩国储罐项目26%股
Slide 6: Summary of Income Statement
6 Summary of Income Statement 损益表一览 China Aviation Oil US$ million 百万美元 FY2011 FY2010 Change 变动 Jet Fuel Volume (mil tonnes) 8.37 7.17 +16.7% 航油业务量(百万吨） Revenue 营业额 9,012.0 5,452.6 +65.3% Gross Profit 毛利总额 40.0 29.7 +34.4% Associates 联营公司 40.2 37.6 +6.9% Net Profit 净利润 63.4 54.7 +15.9% 4th consecuti
Slide 7: Summary of Balance Sheet
7 Summary of Balance Sheet China Aviation 资产负债表一览 资产负债表 一览 Oil As at 31 December (US$million) 截至12月31日（百万美元） 2011 2010 Non-current Assets 非流动资产 229.5 204.0 Current Assets 流动资产 949.1 741.8 Total Assets 总资产 1,178.6 945.8 Total Equity 总股本 401.3 345.2 Non-current Liabilities 非流动负债 6.3 4.9 Current Liabil
Slide 8: Continued growth in core business
8 Continued growth in core business 核心业务持续增长 China Aviation Oil Jet Fuel Volume 9 航油业务量 8 Million tonnes 百万吨 7 5 yr CAGR: 12% 6 5年复合增长率 年复合增长率：12% 年复合增长率： 5 4 8.37 7.17 3 6.15 5.19 2 4.19 1 0 2007 2008 2009 2010 2011 Double-digit growth in FY2011 driven by jet fuel trading activities outside the PRC
Slide 9: Earnings power strengthened significantly
9 Earnings power strengthened significantly 自营能力大幅提升 China Aviation Oil 45 Gross Profit 40 毛利 35 30 US$ million 百万美元 25 20 39.9 5 yr CAGR: 23% 15 30.7 29.7 5年复合增长率 年复合增长率：23% 年复合增长率： 10 22.5 5 11.5 0 2007 2008 2009 2010 2011 Strong growth in profitability of core business – FY2011 gross profit is 2.
Slide 10: Earnings base remains stable
10 Earnings base remains stable 盈利基础保持牢固 China Aviation Oil Proportion of Profit Contribution from Associated Companies over past 5 years 联营公司并账利润过去5年平均占总利润比例 联营公司并账利润过去 年平均占总利润比例 Profit 40% Contribution from Associated Companies 联营 60% 公司并账利润 Operating Profit 经营利润 Associated companies continue to a
Slide 11: Robust earnings growth
11 Robust earnings growth 利润增长快速稳健 China Aviation Oil 70 Net Profit* 60 净利润* 净利润 50 US$ million 百万美元 40 30 63.4 54.7 45.2 20 38.3 33.5 10 0 2007 2008 2009 2010 2011 Group net profit doubled over the past 5 years (2006: US$31.2m*), growing at compounded annual growth rate of 15% 本集团净利润过去5年每年递增15％，比5年
Slide 12: Financial position healthy
12 Financial position healthy 财务状况良好 China Aviation Oil As at end of period 截至年份 2006 2007 2008 2009 2010 2011 Total Assets (US$m) 468.0 688.1 495.1 758.7 945.8 1,178.6 总资产(百万美元） Gearing Ratio 124.4% 0 0 0 8.8% 7.5% 股本与带息负债比率 NAV/Share (US cents) 15.53 37.16 38.14 42.91 48.07 55.99 每股净资产值 (美分) Retur
Slide 13: Section 2: Outlook & 2012 Priorities
China Aviation Oil Section 2: 第二部分： Outlook & 2012 Priorities 展望及2012年 展望及 年重点领域 A member of the GTP 全球贸易商计划成员
Slide 14: Outlook
14 Outlook 展望 China Aviation Oil Expect continued volatility in the global economy and energy markets; trading environment to remain challenging for oil products, expect stiffer competition 预期全球经济和能源市场将仍持续动荡；油品贸易环境仍充 满挑战，竞争预期将愈加激烈 PRC civil aviation industry expected to grow at average annual rate o
Slide 15: Building a global trading network
15 Building a global trading network 构建全球贸易网络 China Aviation Oil • Establish presence in Europe, North America, Middle East, commence global trading activities Jet Fuel Supply 在欧洲、北美和中东建立据点，开展全球贸易活动 • Continue to strengthen position in Asia Pacific & Trading 继续巩固在亚太市场的地位 航油供应与贸易 • Proactively expand
Slide 16: Thank You / Q&A
Thank You 谢谢 Q&A 问答时间
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