China Tower Corp. Ltd. Class H · HKEX:788
China Tower Corp. Ltd. Class H — China Tower Corp Ltd H — H1 2023 Earnings Presentation
31 slides from China Tower Corp. Ltd. Class H's earnings presentation, Aug 3, 2023
Slide 1: 2023 Interim Results
2023 Interim Results 3 August 2023
Slide 2: Management
Management Mr. Zhang Zhiyong Executive Director and Chairman Mr. Gu Xiaomin Executive Director and General Manager Mr. Gao Chunlei Executive Director Mr. Hu Shaofeng Chief Accountant 2
Slide 3: Content
Content 01 02 03 Overall Operational Financial Performance Performance Performance 3
Slide 4: Overall Performance
01 Overall Performance Zhang Zhiyong Executive Director and Chairman 4
Slide 5: Key Indicators
Key Indicators RMB46,461 million RMB32,021 million RMB11,555 million Operating Revenue EBITDA Operating Cash Flow 2.2% 0.2% 63.1% RMB4,841 million RMB0.0277 yuan 1.77 tenants/site2 1 Net Profit EPS Tower Tenancy Ratio 14.6% 14.5% 0.03 5 Note 1: Net profit is profit attributable to owners of the Comp
Slide 6: Solid Overall Performance
Solid Overall Performance TSP business Operating revenue structure (RMB million) TSP business Two Wings business Others 41,345 1.1% 40,905 3.4% 42,762 0.3% 0.5% 0.4% 8.8% 11.5% 11.1% 1H 2022 1H 2023 1H 2023 on comparable basis* Two Wings business (RMB million) 5,361 90.9% 33.7% 88.0% 88.5% 4,010 1H
Slide 7: Strengthened Joint Development and Sharing; Consolidated TSP Business Leading Position
Strengthened Joint Development and Sharing Further Consolidated TSP Business’Leading Position Seized strategic opportunities of “Cyberpower”and “Digital China” Strengthened the foundation of Deepened the sharing concept, Accelerated development of 5G new infrastructure in an intensive drove effectiv
Slide 8: Innovation-driven Development: Smart Tower Business Gathering Momentum
Innovation-driven Development Smart Tower Business Gathering Momentum Smart Tower business revenue (RMB million) Platform Data 3,386 • Access 500+ types of multi-source • Integration and analysis of multi- 31.0% data, including cameras, IoT sensors, source, multi-dimensional data radars, and more •
Slide 9: Forged Core Competence and Consolidated Advantages in the Energy Business
Forged Core Competence and Consolidated Advantages in the Energy Business Energy business revenue (RMB million) • Strengthened asset lifecycle • Accelerated platform iteration management, further and upgrade to improve user explored asset value experience 1,975 • Improved rational asset • Launched i
Slide 10: Reinforced Management and Focused on Solidifying the Foundation for Development
Reinforced Management and Focused on Solidifying the Foundation for Development Continued to strengthen asset operations Continued to strengthen reform and development l Promoted the "one-stop" approach, intelligent operation and l Deepened organizational transformation to create an efficient mainte
Slide 11: Seized Opportunities to Explore Development Prospects
Seized Opportunities to Explore Development Prospects The scale construction of 5G Broad space for Dual-carbon strategy created network continued to deepen digital governance new development opportunities • The country is accelerating the construction of • It is expected that the proportion of GDP •
Slide 12: Strengthened Strategic Leadership and Continuously Enhancing Enterprise Value
Strengthened Strategic Leadership and Continuously Enhancing Enterprise Value Implemented “One Core and Two Wings” strategy in depth to unswervingly strive to make China Tower stronger, better, and bigger World-class information and New energy applications provider Information applications provider
Slide 13: Operational Performance
02 Operational Performance Gu Xiaomin Executive Director and General Manager 13
Slide 14: Key Operational Indicators
Key Operational Indicators Change Indicators 1H 2022 1H 2023 Change On comparable basis* Operating Revenue (RMB million) 45,479 46,461 2.2% 6.2% TSP Business 41,345 40,905 -1.1% 3.4% Smart Tower Business 2,584 3,386 31.0% Energy Business 1,426 1,975 38.5% Number of Tower Tenants (thousand) 3,521 3,6
Slide 15: Multiple Pillars Achieved Steady Revenue Growth
Multiple Pillars Achieved Steady Revenue Growth RMB million 1.6pp 1.5pp 1.8pp 1.2pp 0.1pp +6.2% 71 48,318 549 802 45,479 671 746 TSP business Two Wings business 49.9% 47.6% 1H 2022 Tower DAS Smart Tower Energy Others 1H 2023 Contribution to business business business business revenue growth on compa
Slide 16: Tower Business Maintained Steady Progress with Strengthened Foundation
Tower Business Maintained Steady Progress with Strengthened Foundation Revenue from tower business Enhanced capabilities and consolidated (RMB million) market leadership position 38,592 37,481 39,338 l Continuously improved the ability to select, build and deliver 2.9% 1.9% tower sites, fully met cu
Slide 17: Rapid Growth in DAS Business by Making Comprehensive Efforts
Rapid Growth in DAS Business by Making Comprehensive Efforts Revenue from DAS business Expanding DAS coverage (RMB million) 3,424 2,753 24.4% Buildings Subways High-speed railway tunnels 1,430 million m2 1,110 kilometers 985 kilometers 8,820 million m 2 10,721 kilometers 11,414 kilometers 1H 2022 1H
Slide 18: Leveraged our Strengths to Achieve Robust Development in Smart Tower business
Leveraged our Strengths to Achieve Robust Development in Smart Tower business Revenue from Smart Deepened the sharing philosophy, leveraging our Tower business resources and capabilities (RMB million) to drive continuous and rapid business growth +31.0% Resources 3,386 01 advantages 2,584 • The worl
Slide 19: Built Products to Support Digital Governance with Tower Monitoring
Built Products to Support Digital Governance with Tower Monitoring Deepened the sharing philosophy focusing on the digital governance of key industries Land Emergency response Government Village Cultural Forestry Water Environment protection Agriculture Transportation resources Creating a variety of
Slide 20: Focused on Key Segments to Promote Rapid Development in Energy Business
Focused on Key Segments to Promote Rapid Development in Energy Business Revenue from Energy business Seized the "dual carbon" targets and the opportunities for green (RMB million) and low-carbon transformation in the energy sector +38.5% Product iteration Improved service 1,975 l Launched version 4.
Slide 21: Serving Livelihoods, Tower Energy Supported Green and Low-Carbon Development
Serving Livelihoods, Tower Energy Supported Green and Low-Carbon Development Battery Exchange Power Backup Deeply cultivating the battery exchange market, Actively building the "Energy Butler" service model serving light electric vehicle commuting Battery Focused on communications, finance, transpor
Slide 22: Financial Performance
Financial 03 Performance Hu Shaofeng Chief Accountant 22
Slide 23: Key Financial Indicators
Key Financial Indicators (RMB million) 1H 2022 1H 2023 Change Change On comparable basis Operating revenue 45,479 46,461 2.2% 6.2%* Operating expenses 38,390 39,047 1.7% Operating profit 7,089 7,414 4.6% EBITDA 31,958 32,021 0.2% Net profit 4,224 4,841 14.6% Operating cash flow 31,306 11,555 -63.1%
Slide 24: Sound Cost Control
Sound Cost Control （RMB million） 1H 2022 1H 2023 Change Operating expenses to revenue ratio Operating expenses 38,390 39,047 1.7% 84.4% Depreciation and amortization 24,869 24,607 -1.1% 84.0% Repairs and maintenance1 3,486 3,559 2.1% Employee benefits and expenses 3,778 4,001 5.9% Site operation and
Slide 25: Profitability Continued to Improve
Profitability Continued to Improve Operating profit and operating profit margin EBITDA and EBITDA margin （ RMB million） （ RMB million ） 31,958 32,021 7,089 7,414 4.6% 0.2% 15.6% 16.0% 70.3% 68.9% 1H 2022 1H 2023 1H 2022 1H 2023 Net profit Net profit margin （ RMB million ） 4,841 10.4% 9.3% 4,224 14.6
Slide 26: Effective Capital Expenditure
Effective Capital Expenditure CAPEX Actively expanding effective investments （RMB million） Accelerating project construction progress 12,822 451 41.1% 1,857 Coordinated investment layout and overall control of investment amount, strengthened the evaluation of project economic benefits 9,085 482 3,70
Slide 27: Cash Flow is Temporarily under Pressure
Cash Flow is Temporarily under Pressure Operating cash flow Free cash flow (RMB million) (RMB million) 31,306 22,221 63.1% 105.7% 11,555 -1,267 1H 2022 1H 2023 1H 2022 1H 2023 27
Slide 28: Capital Structure Remained Stable
Capital Structure Remained Stable Liabilities to assets ratio As at As at (RMB million) 31 December 2022 30 June 2023 2.8PP 39.4% 36.6% Total assets 305,560 318,063 Cash and cash 5,117 3,140 equivalents 2022.12.31 2023.06.30 Total liabilities 111,969 125,284 Gearing ratio Interest-bearing 3.9PP 31.6
Slide 29: Appendix: Extracted from Unaudited Consolidated Balance Sheet as at 30 June 2023
Appendix: Extracted from Unaudited Consolidated Balance Sheet as at 30 June 2023 (RMB million) 2022.12.31 2023.06.30 Total assets 305,560 318,063 Current assets 49,706 68,828 Non-current assets 255,854 249,235 Property, plant and equipment 209,377 203,667 Construction in progress 12,339 11,503 Total
Slide 30: Q&A Contact us
Q&A Contact us Phone / +852 28114566 Email / ir@chinatowercom.cn www.china-tower.com
Slide 31: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by The information communicated in this presentation may reading the presentation materials, you agree to be bound by the contain certain statements that are or may be forward-looking. following limitations: These statements typ
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