Ctf Services Limited · HKEX:659
Ctf Services — NWS Holdings — H1 2009 Earnings Presentation
29 slides from Ctf Services's earnings presentation, Mar 17, 2009
Slide 1: Interim Results 2009
o——- an fl 32 NWS SHMRAR Ge Sey
Slide 2: New World Group Structure
New World Group Structure 新世界發展有限公司 New World Development Company Limited (香港股份代號 : 17) (HK stock code: 17) 70% 57% 72% 新世界中國地產有限公司 新創建集團有限公司 新創建集團有限公司 新世界百貨中國有限公司 New World China Land New World Department Limited NWS Holdings Store China Limited (香港股份代號: 917) Limited (香港股份代號 :825) (HK stock code: 9
Slide 3: NWS Corporate Structure
NWS Corporate Structure Infrastructure Service & Rental 基建 服務及租務 Roads Facilities Rental 道路 設施租務 Energy Contracting 能源 建築機電 Water Financial Services 水務 金融服務 Ports Other Services 港口 其他服務 2
Slide 4: Financial Highlights
_— An el #2 NWS Financial Highlights
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights For the 6 months 2008 2007 Change ended 31 December (HK$’m) (HK$’m) + / (-)% Revenue 8,658.2 9,367.8 (8) AOP 1,241.2 1,393.5 (11) Share of (Loss) / Profit (32.8) 1,014.8 (103) from Harbour Place Profit attributable to 813.3 2,233.5 (64) shareholders Earnings per sha
Slide 6: Strong Financial Position
Strong Financial Position Total cash on hand and bank balances: HK$3,671 million Net debt: HK$5,056 million Net gearing ratio: 23% (As at 31 December 2008) 5
Slide 7: AOP by Segment
AOP by Segment For the 6 months ended 2008 2007 Change % 31 December (HK$’m) (HK$’m) Fav./(Unfav.) Infrastructure Roads 382.6 363.7 5 Energy 42.8 207.0 (79) Water 93.1 70.6 32 Ports 55.6 59.4 (6) Sub-total: 574.1 700.7 (18) Service & Rental Facilities Rental 224.0 212.3 6 Contracting 142.1 138.8 2 F
Slide 8: We Develop With Sincerity - Infrastructure
WE DEVELOP WITH SINCERITY NWS Holdings recognizes the importance of sustainability and therefore puts eco-friendliness into its business practices. We not only value financial returns, but also target to achieve all the possible green endeavours. Striving to build a better environment, we develop ou
Slide 9: Infrastructure
21 road and bridge projects in Guangdong, Guangxi, Infrastructure Shanxi, Tianjin and Wuhan; and one tunnel project in Roads Hong Kong 5 power plants in Mainland China and Macau and one fuel company in Energy Guangzhou 21 water treatment projects in Mainland China and Macau, one incineration plant i
Slide 10: AOP - Infrastructure
AOP - Infrastructure For the 6 months 2008 2007 Change % ended 31 December (HK$’m) (HK$’m) Fav./(Unfav.) Roads 382.6 363.7 5 Energy 42.8 207.0 (79) Water 93.1 70.6 32 Ports 55.6 59.4 (6) TOTAL 574.1 700.7 (18) 9
Slide 11: Roads
Roads AOP up 5% Tangjin Expressway (Tianjin North Section) (唐津 唐津 高速公路(天津北 高速公路 天津北段天津北段)) up 33% and 15% in toll revenue and average daily traffic respectively Pearl River Delta projects in general recorded a drop in traffic volume due to slowdown in business activities 10
Slide 12: Pearl River Delta Expressway Network
珠江三角洲高速公路網 Pearl River Delta Expressway Network 11
Slide 13: Energy
Energy AOP decreased by 79% due to soaring coal prices and slowdown in power demand Electricity sales of Zhujiang Power Plants (珠江電廠 珠江電廠) 珠江電廠 fell 10% Electricity sales of Guodian Chengdu Jintang Power Plant (國電成都金堂電廠 國電成都金堂電廠 increased 12% 國電成都金堂電廠) after the second generation unit became operati
Slide 14: Water
Water AOP increased by 32% due to profit contribution from new investment in Chongqing Water Group (重慶水務集團 重慶水務集團) 重慶水務集團 Chongqing Tangjiatuo Waste Water Treatment Plant (重 慶唐家沱污水處理廠 reported 4% 重慶唐家沱污水處理廠) growth in daily average treated volume Macau Water (澳門水廠 澳門水廠 sales volume dropped 澳門水廠) 1%
Slide 15: Water - New Investments
Water New Investments Share- Project name Status Operational data holding Chongqing Yue Lai 28.75% Operational in Phase I daily Water Plant 2H of 2011 production capacity of 重慶悅來水廠 approx. 200,000 m3 Tianjin Jieyuan Water 26% Operational Daily production Treatment Plant capacity of approx. 天津芥園水廠 50
Slide 16: Ports
Ports AOP decreased by 6% Economic downturn has slowed down China’s import and export Throughput of Xiamen New World Xiangyu Terminals (廈門象嶼新創建碼頭 廈門象嶼新創建碼頭 dropped 6% to 379,000 TEUs 廈門象嶼新創建碼頭) Throughput of Tianjin Orient Container Terminals (天 天 津東方海陸集裝箱碼頭 and Tianjin Five Continents 津東方海陸集裝箱碼頭) I
Slide 17: Reputable customer care is one of the core values
Reputable customer care is one of the core values of NWS Holdings, We are committed to the responsible use of resources and monitoring their impact on the environment. We pledge to reach higher standard in different aspects of our businesses in an attempt to provide a hassle-free environment for our
Slide 18: AOP - Service & Rental
AOP – Service & Rental For the 6 months 2008 2007 Change % ended 31 December (HK$’m) (HK$’m) Fav./(Unfav.) Facilities Rental 224.0 212.3 6 Contracting 142.1 138.8 2 Financial Services 37.4 214.6 (83) Other Services 263.6 127.1 107 TOTAL 667.1 692.8 (4) 17
Slide 19: Facilities Rental
Facilities Rental AOP increased by 6% Both HKCEC and ATL produced solid profits and cash flow HKCEC Atrium Link expansion to increase exhibition space by 19,400m2 from April 2009 ATL Occupancy maintained at 99% 18
Slide 20: China Rail Container Terminals Project
China Rail Container Terminals Project 18 pivotal rail container terminals in 18 major cities in Mainland China Kunming (昆明) terminal which commenced operation in Jan 2008 and handled a total of 154,000 TEUs in 2008 achieved a breakeven position in its first year of operation Construction work to be
Slide 21: Contracting
Contracting AOP up 2% Contract-on-hand: HK$35.6 billion as at 31 Dec 2008 with remaining value of HK$15.7 billion The HK Government Headquarters Project in good progress Total contract sum: HK$4.94 billion Share of interest by NWS: 50% Tseung Kwan O Hospital Expansion JV contract: Total contract sum
Slide 22: Financial Services
Financial Services Financial Services AOP dropped 83% Taifook Securities performance plagued by the shrinking stock market turnover Contribution from Tricor Holdings remained stable 21
Slide 23: Other Services
Other Services Other Services remained stable Duty free sales saw solid profit growth after Lo Wu and Hunghom railway terminal outlets opened in Jan 2008 Transport business boosted by much lower fuel cost 22
Slide 24: Harbour Place Update
Harbour Place Update (as at 15 Mar 09) 2,470 residential units in total 1,482 units sold at average selling price of approx. HK$7,000 / ft2 as at 31 Dec 2008 Out of 321 default cases, 296 units were re-sold together with additional 432 units at approx. HK$5,130 / ft2 23
Slide 25: Business Outlook
Business Outlook The defensive and diversified business portfolio is a distinct advantage Negative Stable Positive • Energy • Roads • Water • Ports • HKCEC • Transport • Contracting • ATL • Free Duty • Financial • Property Services management, Cleaning , Security, etc. 24
Slide 26: Business Outlook (cont'd)
Business Outlook (cont’d) Remain focused in seeking quality assets with potential Strong cash flow from recurring businesses A healthy balance sheet and prudent cash and treasury management Well established dividend payout policy 25
Slide 27: Achievements
Achievements • Total Caring Award and 5 Years Plus Caring Company • Eighth China Golden Awards for Excellence in Public Relations - Silver award (Internal Relations) • Galaxy Awards 2008 - Silver Award (Annual report) • Galaxy Awards 2008 - Bronze Award (Television Ads — Campaign) • 22nd Internation
Slide 28: Responsible Corporate Citizen
Responsible Corporate Citizen 27
Slide 29: an fl NWS
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