Zheneng Jinjiang Environment Holding Co., Ltd. · SGX:BWM
Zheneng Jinjiang Environment — Shareholder Meeting (April 2021)
35 slides from Zheneng Jinjiang Environment's shareholder meeting presentation, Apr 26, 2021
Slide 1: FY2020 Annual General Meeting Corporate Presentation
26 April 2021 FY2020 Annual General Meeting Corporate Presentation 1
Slide 2: Important Notice
Important Notice This document has been prepared by Zheneng Jinjiang Environment Holding Company Limited ( “Zheneng Jinjiang Environment" or the "Company"), solely as presentation materials to be used by the Company’s management. It may contain projections and forward-looking statements that reflect
Slide 3: Contents
Contents 1. Company Overview 2. FY2020 Operational Highlights 3. FY2020 Financial Highlights 4. AGM Resolutions 3
Slide 4: Company Overview
Company Overview VA tise ZHENENG JINJIANG ENVIRONMENT
Slide 5: About Zheneng Jinjiang Environment
About Zheneng Jinjiang Environment • First mover and leader in PRC’s Waste-To-Energy (WTE) industry, as well as one of the first WTE operators in the PRC • Established PRC’s first WTE plant using Circulating Fluidised Bed (CFB) incineration technology in 1998 and built a track record spanning over 2
Slide 6: Extensive Network in China and Overseas
Extensive Network in China and Overseas CHINA 22 WTE facilities* & OVERSEAS 1 Organic Waste Treatment project & Presence in India, Brazil & Indonesia 6 Resource Recycling projects in Operation Treatment Capacity: Treatment Capacity: 1 facility under Construction In 13 provinces autonomous regions an
Slide 7: China – Our Extensive Footprint
China – Our Extensive Footprint Installed Capacity In Operation Under Preparation Under Construction or Expansion Waste recycling projects (tons/day) Heilongjiang Hebei Inner Mongolia Suihua Green Energy BOO, 800 Tangshan Jiasheng BOO, 1000 Hohhot New Energy BOO, 1,000 Qitaihe Green Energy BOO, 1,00
Slide 8: Our Overseas WTE Network
Our Overseas WTE Network Gurgaon Project 1165 tons/day BOT Lucknow Project 1500 tons/day BOT Barueri Project 825 tons/day BOT Gwalior Project 606 tons/day BOT Palembang Project 1000 tons/day BOO 8
Slide 9: Important Milestones
Important Milestones Established In 1998, with leading WTE treatment capacity in the PRC 2017 1999 21 August 2019 15 July 2020 2004 • First foray into India; secured 3 PRC government Zhejiang Provincial Energy Zheneng Jinjiang WTE projects approved The IFC, a Group Co., Ltd completed Environment sec
Slide 10: About Zhejiang Provincial Energy Group Co., Ltd (Zheneng Group)
About Zhejiang Provincial Energy Group Co., Ltd (Zheneng Group) • State-owned provincial energy enterprise involved mainly in energy-related businesses • Strong capabilities across the entire energy production value chain, with resources and strong financial expertise • Manages more than 300 compani
Slide 11: Strong Shareholding Structure
Strong Shareholding Structure Strong Shareholder Background Provides Firm Support For Company’s Development (1) Zhejiang Provincial Energy 100.00% Group Co., Ltd Zheneng Capital Holdings Co., Ltd. 63.29% 60.00% 40.00% Mr Dou Zhenggang Zhejiang Energy International Co., Ltd. Hangzhou Jinjiang Group D
Slide 12: Strong Management Team
Strong Management Team Key Management Team Members Have More Than 20 Years Of Industry Experience As at 31 December 2020 • Responsible for overall strategic planning and management • More than 20 years of corporate leadership and senior management experience in the energy industry • Served as the Ge
Slide 13: FY2020 Operational Highlights
FY2020 Operational Highlights 13
Slide 14: Significant Events of 2020
Significant Events of 2020 1Q2020 2Q2020 Company’s efforts in the fight against COVID-19 attracted media attention, Wuchang WTE Facility in Wuhan City, Hubei Province received a letter of including a Vlog that surpassed one million page views under 24 hours appreciation from Wuhan Leishenshan Hospit
Slide 15: Significant Events of 2020
Significant Events of 2020 3Q2020 4Q2020 Signed the cooperation framework agreement with municipal government in Only listed company in Singapore to win the honour of “Top 50 Chinese Environmental Songyuan City, Jilin Province for the comprehensive utilisation of kitchen Enterprises in 2020” waste a
Slide 16: FY2020 Operational Analysis
FY2020 Operational Analysis Electricity Generated (‘000 KWh) On-Grid Electricity Supplied (‘000 KWh) 3,081,622 2,298,994 2,750,978 1,987,809 12.0% 15.7% FY2019 FY2020 FY2019 FY2020 Steam Supplied (‘000 tonnes) Waste Treated (‘000 tonnes) 2,803 2,639 5.9% 9.2% 10,661 9,764 As at 31 December 2020 FY20
Slide 17: FY2020 Operational Updates
FY2020 Operational Updates New Projects under Construction New Projects under Preparation Songyuan Kitchen Waste and Expansion of Hohhot Sludge Resource Recycling First phase of Zhongwei Project Increase Project WTE Facility Jilin • BOT 750t/d Increase • Phased construction Inner Mongolia • Grate Fu
Slide 18: FY2020 Operational Updates
FY2020 Operational Updates In FY2020, the Group’s project construction proceeded in an orderly manner in accordance with the set plan. Key updates below: The Group’s waste treatment capacity increased by 1,000 tons/day, due to the first phase of the Linzhou Jiasheng WTE Facility in Henan Province,
Slide 19: Government Subsidies
Government Subsidies WTE Facilities Location Date of inclusion Hohhot New Energy WTE Facility Inner Mongolia September 2020 Jilin Xinxiang WTE Facility Jilin Province October 2020 Songyuan Xinxiang WTE Facility Jilin Province Gaomi Liliangmingde WTE Facility Shandong Province Wuhu Jinjiang WTE Facil
Slide 20: FY2020 Financial Overview
FY2020 Financial Overview 20
Slide 21: FY2020 Key Financial Overview
FY2020 Key Financial Overview FY2020 revenue decreased 20.4% year-on-year to approximately RMB 3,084.7 million Key recurring income from core revenue contributor Waste-to-Energy Business recorded 10.6% growth to RMB2,443.1 million. FY2020 gross profit fell 6.0% to RMB892.5 million, but gross profit
Slide 22: FY2020 Key Financial Overview
FY2020 Key Financial Overview EBITDA (RMB’000) Return on Shareholders’ Equity (%) Basic Earnings Per Share (RMB Cents) 1,277,247 1,091,055 5.47 22.48 17.07% 2.70 102.59% 10.61 111.88% FY2019 FY2020 FY2019 FY2020 FY2019 FY2020 Total Assets (RMB’000) Equity Attributable to Equity Holders of 16,608,643
Slide 23: Results Overview
Results Overview RMB million FY2020 FY2019 Change (%) Revenue 3,084.7 3,877.5 (20.4) Including: 2,443.1 2,209.2 10.6 WTE Business Revenue Gross Profit 892.5 949.8 (6.0) Profit Before Tax 477.7 306.2 56.0 Profit after tax attributable 326.9 153.3 113.2 to owners of the Company Changes in profit attri
Slide 24: Revenue Overview
Revenue Overview WTE Business Is The Main Revenue Contributor (RMB million) WTE BOT Construction EMC and project technical and management service CAGR 3,877 9.76% 315 20.4% 3,031 3,084 212 2,632 2,715 1,353 578 429 283 391 1,936 645 728 556 273 322 2,443 2,209 1,768 1,808 1,621 1,341 FY2015 FY2016 F
Slide 25: Revenue Breakdown by Business Segment
Revenue Breakdown by Business Segment WTE BOT Construction (RMB million) 10.6% CAGR: 12.8% CAGR: 5.7% 2,443 2,209 1,621 1,768 1,808 1,353 68.3% 1,341 728 645 556 429 325 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Steady growth in WTE revenue due to: BOT busin
Slide 26: Gross Profit & Gross Profit Margin
Gross Profit & Gross Profit Margin CAGR: 2.5% Segmental Gross Profit FY2020 FY2019 Change (RMB million) WTE Business 712.4 616.3 15.6% 40.7 39.9 6.0% 38.1 BOT Construction* 97.1 208.5 -53.4% 34.4 EMC Business 83.0 125.0 -33.6% 28.9 24.5 Segmental Gross Profit Margin FY2020 FY2019 WTE Business 29.2%
Slide 27: Capital Structure
Capital Structure Total Assets & Net Assets (RMB million) Total Assets Net Assets 17,767 16,609 14,594 5,603 5,815 6,103 31 December 2018 31 December 2019 31 December 2020 Interest-bearing Debt/Total Assets EBITDA and Interest expense EBITDA/Interest EBITDA Interest 3.0 1,277.0 2.8 1,218.0 1,091.0 2
Slide 28: Prudent Capital Management
Prudent Capital Management Our Capital Management Policy Adoption of a Annual Reduce liquidity flexible repayment and 30:70 equity-to- pressure by Spacing out of Continue to financing policy rolling over of a debt ratio extending CAPEX based and aims to large proportion maintained for lower financin
Slide 29: Secures up to US$270 million Term Loan Facility
Secures up to US$270 million Term Loan Facility Successfully secured a US dollar syndicated term loan facility of up to US$270,000,000 (the “Facility”) under a facility agreement with Standard Chartered Bank (Hong Kong) Limited as original mandated lead arranger and bookrunner and agent of the finan
Slide 30: Pre-conditional Mandatory Cash Offer
Pre-conditional Mandatory Cash Offer 30
Slide 31: Pre-conditional Mandatory Cash Offer (“Pre-conditional Offer”)
Pre-conditional Mandatory Cash Offer (“Pre-conditional Offer”) 12 October 2020 Zhejiang Zheneng Electric Power Investment (Hong Kong) Limited (the “Offeror”) entered into a conditional sale and purchase agreement (the “SPA”) with, inter alia, Jin Jiang Green Energy Limited and Win Charm Limited for
Slide 32: AGM Resolutions
AGM Resolutions VA tise ZHENENG JINJIANG ENVIRONMENT 32
Slide 33: AGM Resolutions – As Ordinary Business
AGM Resolutions – As Ordinary Business To receive and adopt the Directors’ Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2020 together with the Auditors’ Report thereon. (Resolution 1) To re-elect the following Directors of the Company retirin
Slide 34: AGM Resolutions – As Special Business
AGM Resolutions – As Special Business The Proposed Renewal of the General Mandate for Interested Person Transactions (Resolution 6) The IPT General Mandate enables the Company, its subsidiaries and associated companies that are considered to be an “entity at risk” within the meaning of Chapter 9 of
Slide 35: Thank You
Thank You JG ite tn Ti ZHENENG JINJIANG ENVIRONMENT
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