Ctf Services Limited · HKEX:659

Ctf Services — NWS Holdings — H1 FY2015 Earnings Presentation

30 slides from Ctf Services's earnings presentation, Feb 26, 2015

  1. Slide 1: FY2015 Interim Results

    an fall 32 NWS FY2015 INTERIM RESULTS ONWARDS AND UPWARDS

  2. Slide 2: NWS Investment Portfolio

    NWS Investment Portfolio Infrastructure Services 基建 服務 Roads Facilities Management 道路 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 1

  3. Slide 3: Financial Summary

    Financial Summary For the six months ended 2014 2013 Change % 31 December (HK$’M) (HK$’M) Fav./(Unfav.) Revenue 11,974.4 10,097.8 19 Attributable Operating Profit 2,254.6 2,320.2 (3) (AOP) Profit Attributable to 2,003.8 2,604.9 (23) Shareholders (PAT) Basic Earnings per share (HK$) 0.54 0.71 (24) Di

  4. Slide 4: Financial Position

    Financial Position  Total cash and bank balances: HK$11.3 billion  Total debt: HK$16.7 billion  Net debt position: HK$5.4 billion  Net gearing ratio: 12% (23% as at 30 June 2014) (As at 31 December 2014) 3

  5. Slide 5: Attributable Operating Profit

    Attributable Operating Profit By Segment By Region HK$’M HK$’M 2,500 2,500 2,000 2,000 1,316 1,366 1,158 1,223 (57%) (61%) (50%) (54%) 1,500 1,500 1,000 1,000 1,004 889 1,162 1,032 500 (43%) (39%) 500 (50%) (46%) 0 0 2013 2014 2013 2014 Infrastructure Hong Kong Services Mainland China, Macau & Other

  6. Slide 6: Roads, Energy, Water, Ports & Logistics

    Roads Energy Water Ports & Logistics 5

  7. Slide 7: Project count by segment

    Roads and related projects in Guangdong, 19 Guangxi, Shanxi, Zhejiang and Tianjin Roads 1 Tunnel project in Hong Kong 3 Power plants in the PRC 1 Coal distributor in Guangzhou Energy Water treatment projects in the PRC and 27 Macau 1 Incineration plant in Shanghai 2 Sludge treatment projects in the

  8. Slide 8: AOP by Segment

    PORTS & ROADS ENERGY WATER LOGISTICS AOP by Segment For the six months ended 2014 2013 Change % 31 December (HK$’M) (HK$’M) Fav./(Unfav.) Roads 676.7 673.2 1 Energy 93.7 190.8 (51) Water 222.7 221.3 1 Ports & Logistics 372.6 230.4 62 Total 1,365.7 1,315.7 4 7

  9. Slide 9: AOP – Roads

    ROADS AOP – Roads For the six months ended 31 Dec HK$’M (+1%) 30% 700 600 1HFY15 AOP 500 400 673 677 300 29% 1HFY14 AOP 200 100 0 2013 2014 8

  10. Slide 10: Highlights – Roads

    ROADS Highlights – Roads  Hangzhou Ring Road 杭州繞城公路  Toll revenue up 8% due to the growth of heavy vehicles  Overhaul works impacted overall performance  Tangjin Expressway (Tianjin North Section) 唐津高速公路(天津北段)  Traffic up 8%  Normal operation resumed on 31 Dec 2014  Robust traffic growth in P

  11. Slide 11: AOP – Energy

    ENERGY AOP – Energy For the six months ended 31 Dec HK$’M 4% 200 1HFY15 AOP 150 (-51%) 100 8% 191 94 1HFY14 AOP 50 0 2013 2014 10

  12. Slide 12: AOP – Water

    WATER AOP – Water For the six months ended 31 Dec HK$’M 10% (+1%) 250 1HFY15 AOP 200 150 221 223 10% 100 1HFY14 AOP 50 0 2013 2014 11

  13. Slide 13: AOP – Ports & Logistics

    PORTS & LOGISTICS AOP – Ports & Logistics For the six months ended 31 Dec HK$’M (+62%) 17% 400 1HFY15 AOP 350 300 250 200 230 373 10% 150 1HFY14 AOP 100 50 0 2013 2014 12

  14. Slide 14: Highlights – Ports & Logistics

    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 12%  Tianjin Orient Container Terminals 天津東方海陸集裝箱碼頭  Throughput up 1%  Xiamen Container Terminal Group 廈門集裝箱碼頭集團  Performance met management expectation since operatio

  15. Slide 15: Highlights – Ports & Logistics (Cont'd)

    PORTS & LOGISTICS Highlights – Ports & Logistics (Cont’d)  Beijing Capital International Airport (BCIA) 北京首都國際機場 (首都機場)  Passengers throughput up 4%  Continue to drive non-aeronautical businesses BCIA  Overhang regarding capital contribution for the new Beijing airport lifted 14

  16. Slide 16: Highlights – Ports & Logistics: Goshawk

    PORTS & LOGISTICS Highlights – Ports & Logistics (Cont’d)  Goshawk Aviation Limited (Goshawk)  Acquisition of 40% equity interest in Feb 2015  Commercial aircraft leasing business  Current fleet size of 27 aircraft  Target fleet size of around 50 aircraft by the end of 2015  Stable recurring c

  17. Slide 17: Highlights – Ports & Logistics: Logistics Centres

    PORTS & LOGISTICS Highlights – Ports & Logistics (Cont’d)  ATL Logistics Centre  99.5% occupancy rate  Average rental up 23% ATL Logistics Centre  NWS Kwai Chung Logistics Centre  100% occupancy rate NWS Kwai Chung Logistics Centre 16

  18. Slide 18: Highlights – Ports & Logistics: CUIRC

    PORTS & LOGISTICS Terminal in operation Highlights – Ports & Logistics (Cont’d) • Kunming • Qingdao • Chongqing • Wuhan  China United Int’l Rail Containers (CUIRC) • Chengdu • Xian • Zhengzhou • Dalian  Throughput up 11% Terminal under construction / planning • Tianjin • Urumqi  Regular Euro bloc

  19. Slide 19: Facilities Management, Construction & Transport, Strategic Investments

    Construction & Transport Facilities Management Strategic Investments 18

  20. Slide 20: AOP by Segment

    Facilities Management Construction & Transport Strategic Investments AOP by Segment For the six months ended 2014 2013 Change % 31 December (HK$’M) (HK$’M) Fav./(Unfav.) Facilities Management 453.7 499.4 (9) Construction & Transport 308.1 278.3 11 Strategic Investments 127.1 226.8 (44) Total 888.9 1

  21. Slide 21: AOP – Facilities Management

    Facilities Management AOP – Facilities Management For the six months ended 31 Dec HK$’M 20% (-9%) 500 1HFY15 AOP 400 300 499 454 21% 200 1HFY14 AOP 100 0 2013 2014 20

  22. Slide 22: Highlights – Facilities Management

    Facilities Management Highlights – Facilities Management  HKCEC  Revenue up 4%  Patronage up 10% HKCEC  Free Duty  Profit impacted by higher rental  Awarded 5-year duty free concession contract at Macau Int’l Airport in Nov 2014 21

  23. Slide 23: AOP – Construction & Transport

    Construction & Transport AOP – Construction & Transport For the six months ended 31 Dec 13% HK$’M 350 (+11%) 1HFY15 AOP 300 250 200 278 308 12% 150 100 1HFY14 AOP 50 0 2013 2014 22

  24. Slide 24: Highlights – Construction & Transport

    Construction & Transport Highlights – Construction & Transport  Construction  Revenue up 28%  Good project progress & gross profit improvement  Gross contract-on-hand: HK$60.5 billion  Remaining value: HK$45.7 billion  Transport  Average bus patronage down 13% during “Occupy Central Movement”

  25. Slide 25: AOP – Strategic Investments

    Strategic Investments AOP – Strategic Investments For the six months ended 31 Dec 6% HK$’M 250 1HFY15 AOP 200 (-44%) 150 10% 227 127 100 1HFY14 AOP 50 0 2013 2014 24

  26. Slide 26: Outlook: Roads and Ports & Logistics

    Core business – stable growth through organic and inorganic opportunities  Roads  Tangjin Expressway (Tianjin North Section) resumed normal operation in Dec 2014  Traffic for Guangdong-based projects up 10%  Ports & Logistics  Full year contribution from Beijing Capital International Airport an

  27. Slide 27: Outlook: Free Duty and Construction

     Free Duty  Commenced operation at the Macau Int’l Airport in Nov 2014  Continuous growth at Lok Ma Chau station  Construction  Buoyant construction market driven by robust domestic demand 26

  28. Slide 28: Gleneagles Hong Kong Hospital

     Gleneagles Hong Kong Hospital (港怡醫院)  Foundation works completed in 2014  Building construction work underway  Key management staff on board  Targeted to open in early 2017 27

  29. Slide 29: 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 cautioned not

  30. Slide 30: Q&A Session

    Q&A SESSION

NWS Holdings — H1 FY2015 Earnings Presentation on 6ix