China Everbright Environment Group Limited · HKEX:257
China Everbright Environment — H1 2018 Earnings Presentation
31 slides from China Everbright Environment's earnings presentation, August 2018
Slide 1: 2018 Interim Results Presentation
DEVOTED TO ECOLOGY AND ENVIRONMENT FOR A BEAUTIFUL CHINA Everbright International 2018 Interim Results Presentation August 2018 中國光大國際有限公司 CHINA EVERBRIGHT INTERNATIONAL LIMITED
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of China Everbright International Limited (the “Company”) and factors beyond the Company's control and are subject to sig
Slide 3: Results Highlights, Financial Highlights, Competitive Advantages, Development Strategies
Results Highlights Financial Highlights Competitive Advantages Development Strategies
Slide 4: Results Highlights
E xAgm Everbright International Results Highlights
Slide 5: Outstanding Operating Results, with Profit Hitting Record High in Half-year Period
Outstanding Operating Results, with Profit Hitting Record High in Half-year Period With concurrent development of its major business sectors, Everbright International recorded satisfying growths in revenue and profit. With construction projects progressing rapidly, the number of projects under const
Slide 6: Rapid Growth of Environmental Protection Business, with Steady Growth of Operation Indicators
Rapid Growth of Environmental Protection Business, with Steady Growth of Operation Indicators Revenue EBITDA CAGR: 39.32% CAGR: 32.63% (HK$ 100 million ) (HK$ 100 million) 250 100 200.43 200 68.63 139.71 50.51 150 85.35 50 37.54 100 63.55 27.95 53.20 22.18 50 - - 2013 2014 2015 2016 2017 2013 2014 2
Slide 7: Continued Growth of Asset Scale, with Steady Increase in Shareholders' Return
Continued Growth of Asset Scale, with Steady Increase in Shareholders’ Return Total Assets Net Assets HK$ ’Mil HK$ ’Mil 82,067 * 31,697 * 73,123 28,644 19,845 49,532 17,843 19,421 40,623 13,779 31,200 23,471 2013 2014 2015 2016 2017 1HFY2018 2013 2014 2015 2016 2017 1HFY2018 Return on Assets Return
Slide 8: Sound Financial Indicators as Solid Support for Future Growth
Sound Financial Indicators as Solid Support for Future Growth Gearing Ratio Interest Coverage Ratio (time) 60% 61% 61% 8.20 52% 7.81 41% 43% 7.34 7.27 7.03 7.08 2013 2014 2015 2016 2017 1HFY2018 2013 2014 2015 2016 2017 1HFY2018 Current Ratio (time) Quick Ratio (time) 2.31 2.29 1.70 1.82 1.78 1.68 1
Slide 9: Market Expansion Reaching New Heights, Solidifying Industry-leading Position
Market Expansion Reaching New Heights, Solidifying Industry-leading Position In first half of 2018, Everbright International secured 30 new projects, which command a total investment of RMB9.539 billion. Both the number of project and investment amount reached historical highs. The total processing
Slide 10: Endogenous Growth and External Expansion, with Proactive Strategic Market Planning
Endogenous Growth and External Expansion, with Proactive Strategic Market Planning Everbright International further expanded its business areas by securing projects in areas like environmental remediation and landfill leachate treatment. The Group achieved breakthroughs in business model, by securin
Slide 11: Improvement in Quality and Quantity of Construction Works
Improvement in Quality and Quantity of Construction Works, with Higher Quality and Efficiency of Operation Management Everbright International is committed to its construction philosophy of “Producing Quality The Group further strengthened the Projects and Building a Quality environmental, safety, h
Slide 12: Development Driven by Technology and Innovation
Development Driven by Technology and Innovation, with Excellent Performance in Equipment Manufacturing and Sales Everbright International Enhanced its efforts in technology R&D management, leading to smooth progress in key R&D projects, as well as the design and consulting services. Equipment Manufa
Slide 13: Financial Highlights
Financial Highlights
Slide 14: Financial Highlights (1)
Financial Highlights (1) For the six months ended 30 June (HK$’000) Change 2017 9,142,144 29% 3,307,648 36% 3,260,177 35% 1,795,568 23% 40.06 23% 12.0 - 15
Slide 15: Financial Highlights (2)
Financial Highlights (2) As at As at As at As at As at As at HK$ ’Mil 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 30/06/2018 23,471 31,200 40,623 49,532 73,123 9,692 13,357 21,203 29,687 44,480 13,374 16,263 17,196 17,389 22,554 5,815 5,150 6,673 7,038 10,838 12.20 11.49 12.46 16.10 17.57
Slide 16: Financial Highlights (3)
Financial Highlights (3) Revenue Analysis of the Three Major Business Sectors (HK$’000) 6,880,397 6,130,960 Environmental Energy 1,871,126 1,304,184 Environmental Water （27%） （21%） Greentech 977,230 1,241,194 （16%） （18%） 3,200,290 1,218,500 1,292,406 3,768,077 1,834,266 (38%) 3,849,546 908,377 （55%）
Slide 17: Financial Highlights (4)
Financial Highlights (4) Profit Analysis of the Three Major Business Sectors 1HFY2018 EBITDA* (HK$) 1HFY2018 Sector Net Profit** (HK$) by Business Sectors By Business Sector Greentech Greentech 1.031 billion 451 million 23.1% 18.3% Environmental Water Environmental Energy 279 million Environmental E
Slide 18: Competitive Advantages
E xAgm Everbright International Competitive Advantages
Slide 19: Advantages of Scale
Advantages of Scale Strong project pipeline makes Everbright International rank among the top players in the global environmental protection industry: As at 30 June 2018, the Group had secured 299 environmental protection projects, with a total investment of approximately RMB82.649 billion. Asia’s l
Slide 20: Advantages of Quality
Advantages of Quality Three “First” One Luban Prize • The first company to promote and Shandong Ji’nan Waste-to-energy Project adopt the EU2000 standard was the only awardee of the Luban Prize in • The first to connect with local the environmental protection industry in environmental protection regu
Slide 21: Technological Edge
Technological Edge Everbright International has created its core competitive edge in areas like waste-to-energy The Group has set an R&D budget of RMB100 million, and grate furnace, leachate treatment, gas purification enhances its industrial-academic research collaboration to and automation technol
Slide 22: Culture Advantages
Culture Advantages Corporate Vision To Become a World-leading Ecological and Environmental Group Corporate Devoted to Ecology and Environment for a Beautiful China Mission Corporate To Create more Business Value and Undertake More Social Responsibility Pursuit Development Taking Quality as the Top M
Slide 23: Advantages of Brand
Advantages of Brand Steady expansion and growth, Strategic partners of the Belt and Road International Alliance for Green 2018 All-Asia (ex-Japan) backed by China Everbright Executive Team rankings Group’s well-established Development and the Ecological MSCI China Index Protection and Green Developm
Slide 24: Development Strategies
Development Strategies
Slide 25: Three Strategic Considerations
Three Strategic Considerations A leading enterprise in To become China’s environmental We are witnessing a golden era of a leading player protection industry and in global environmental a world-renowned opportunities that cannot be missed protection industry environmental protection in 5 to 10 years
Slide 26: Key National Policies Inspiring Market Opportunities
Key National Policies Inspiring Market Opportunities and Contributing to Enterprises’ Development Ecological and environmental protection industry has entered into a new stage of development • Ecological conservation has been written into the CPC’s Constitution, elevating it to the status of a Backe
Slide 27: Five Key Strategic Focuses
Five Key Strategic Focuses Enhance Foster Flexible Increase Broaden Technological Expand Management Business Scale Service Scope Strength Overseas System • Boost the Group’s key • Target to develop full- • Uphold the Group’s • Continuously increase the • Learn from good business indicators, service
Slide 28: Six Strategic Areas of Work
Six Strategic Areas of Work Boost scale: strive to achieve world-class business scale in terms Enhance efficiency: Uphold the concept of asset, revenue, market of “Taking Quality as the Top Mission and capitalisation, treatment capacity, Keeping Efficiency as the Priority” to among others, in five t
Slide 29: Appendix – Business Overview
Appendix – Business Overview
Slide 30: One-stop Integrated Environmental Solution Provider
One-stop Integrated Environmental Solution Provider Environmental Water Water Environment Water Supply Environmental Energy Environmental Management Reusable Water Waste Water Treatment Waste Water Waste-to-Energy Energy Sponge City Construction Source Heat Pump Leachate Treatment En
Slide 31: Strong Project Pipeline to Fuel Future Development
Strong Project Pipeline to Fuel Future Development Environmental Environmental Greentech Energy Water Projects Total 180 projects in Operation 60 82 38 in operation Projects under Total 43 projects Construction 15 10 18 under construction Projects in Total 70 projects Preparatory 25 8 37 In preparat
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