China Everbright Greentech Ltd. · HKEX:1257
China Everbright Greentech — H1 2024 Earnings Presentation
24 slides from China Everbright Greentech's earnings presentation, Aug 16, 2024
Slide 1: Presentation on Interim Results for the Six Months Ended 30 June 2024
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in relia
Slide 2: 2024 Interim Results Presentation
(Incorporated in the Cayman Islands with limited liability) Stock Code:1257 2024 Interim Results Presentation August 2024 1
Slide 3: Forward-looking statements
Forward-looking statements This brief may contain forward-looking statements, which are based on numerous assumptions about the business of China Everbright Greentech Limited (the "Company" or "Everbright Greentech") and factors beyond the Company's control, and are subject to significant risks and
Slide 4: Financial Analysis, Operation Performance, Business Outlook
Financial Analysis Operation Performance Business Outlook
Slide 5: Financial Analysis
Financial Analysis Everbright Greentech
Slide 6: Financial Analysis
Financial Analysis HK$’ million 1H2024 1H2023 Change Revenue 3,506 3,820 –8% EBITDA 1,100 1,264 –13% Profit attributable to equity 144 264 -45% shareholders Basic earnings per share (HK cents) 6.97 12.77 -45% Interim dividend per share (HK cents) 1.4 2.5 -1.1 cents Dividend yield(%) 20.1 19.6 0.5 pp
Slide 7: Financial Analysis
Financial Analysis HK$’ As at As at Change 30/06/2024 31/12/2023 Total assets 38,891 39,757 -2% Total liabilities 26,397 27,401 -4% Equity attributable to equity 11,418 11,271 1% shareholders Current ratio (%) 137.05 111.90 25.15ppt Gearing ratio 67.87 68.92 -1.05ppt (Total liabilities/Total assets)
Slide 8: Financial Analysis
Financial Analysis HK$ ‘ million As at 30/06/2024 As at 31/12/2023 Change Short-term loans 7,842 35% 10,214 44% -23% Long-term loans 14,603 65% 12,918 56% 13% Total loans 22,445 23,132 -3% Unused bank loan 7,230 6,884 5% facilities Total loan facilities 29,675 30,016 -1% Cash and bank balances 2,041
Slide 9: Improved Quality in Operation Revenue
Improved Quality in Operation Revenue 3177, 83% 3159, 90% 1H 2023 1H 2024 HK$ million HK$ million 168, 5% Construction services revenue 180, 5% Construction services revenue 463, 12% 179, 5% Operation services revenue Operation services revenue Finance income Finance income During the period, the
Slide 10: Analysis of Segment Revenue
Analysis of Segment Revenue 4,000,000 Operational data 1H2024 1H2023 Biomass power on-grid electricity 3,176,136 3,059,809 4% (MWh) 3,060,898 Solar and wind power on-grid 144,832 165,330 -12% 2,780,873 electricity (MWh) Steam supply (10,000 tonnes) 170.7 140 22% Household waste processing 2,057,000
Slide 11: Analysis of Segment EBITDA
Analysis of Segment EBITDA 1,500,000 1,081,917 1,000,000 888,872 500,000 1H2023 137,244 109,247 101,479 88,401 1H2024 4,960 8,201 - Unit: HK$’000 Integrated biomass utilisation Hazardous and solid Environmental remediation Solar energy and wind power waste treatment EBITDA of integrated biomass util
Slide 12: Operation Performance
Operation Performance Everbright Greentech
Slide 13: Market Expansion – Empowering Development
Market Expansion – Empowering Development Focus on principal businesses with dual emphasis on asset-light and asset-heavy operations Forging a smart energy platform for implementation of clean energy strategy and upgrading commercial model of integrated biomass utilisation in exploration of pathwa
Slide 14: Operational Management – Quality & Efficiency Enhancement
Operational Management – Quality & Efficiency Enhancement Biomass power generation (Unit: 100 mn KWh / 10,000 tonnes) 40 4% 4% 22% 400 388.3 35 375 200 170.7 31.76 30.6 150 140 30 300 100 25 50 1H2023 1H2024 20 200 On-grid electricity 0 Biomass raw materials processing Steam supplied volume (Unit: 1
Slide 15: Operational Management – Quality & Efficiency Enhancement
Operational Management – Quality & Efficiency Enhancement Exploring new resources, reducing consumption, Steam supplied digging deep to identify untapped potential volume Yoy 22% Full effort in exploring steam supply market to enhance cashflow from projects; Biomass consumption Intensive explora
Slide 16: Operational Management – Quality & Efficiency Enhancement
Operational Management – Quality & Efficiency Enhancement Maximising cost reduction through “One Enterprise, One Policy” Hazardous and solid waste treatment volume Active effort to overcome unfavourable factors such as decline in 247,200 tonnes overall volume of industrial waste generation in the
Slide 17: Financial Planning – Reinforcing Financial Security
Financial Planning – Reinforcing Financial Security Focused on treasury management Enhancing protection of cashflow Interest rate Management of trade Issuance of green effectively lowered receivables enhanced medium-term notes • During the period under review, the interest rate for our existing • En
Slide 18: Technological R&D – Empowering Through Innovation
Technological R&D – Empowering Through Innovation Enhancing technological R&D to empower frontline production Strengthening innovative ability Focusing on the "Dual Carbon" Chance Enhancing R&D 17
Slide 19: Business Outlook
Business Outlook Everbright Greentech 18
Slide 20: Qualitative Development Empowered by Transformation
Qualitative Development Empowered by Transformation Strategic objectives Strategic objectives Strive to develop into clean energy operator with new-quality productivity and core competitiveness to serve the national energy security strategy and “Dual Carbon” goal Integrated biomass Environmental uti
Slide 21: Efficiency Enhancement Through Management Optimisation
Efficiency Enhancement Through Management Optimisation Enhancing capital to reinforce financial assurance Preventing risks with a fortified bottomline Structural optimisation to enhance commercialisation 20
Slide 22: Innovation Development Forging New Driving Force
Innovation Development Forging New Driving Force Exploring synergistic value: building extensive nationwide presence and enhancing inter-segment coordination to build a series of “Zero-carbon Industry Parks” based on biomass projects; Advancing asset-light business: Adopting EPC, EPC+O and O&M model
Slide 23: Q&A Session
Q&A Session Everbright Greentech 22
Slide 24: pA ANNIE
pA ANNIE WOE
China Everbright Greentech — H1 2024 Earnings Presentation on 6ix