Ctf Services Limited · HKEX:659

Ctf Services — NWS Holdings — H1 FY2011 Earnings Presentation

32 slides from Ctf Services's earnings presentation, Mar 18, 2011

  1. Slide 1: FY2011 Interim Results

    S-~ nt fall NWS FY2011 Interim Results Totalbarng . 20h ae erro

  2. Slide 2: Financial Summary

    Infrastructure Services Financial Summary For the six months ended 2010 2009 Change 31 December (HK$’m) (HK$’m) + / (-)% Core Earnings 2,213.9 1,727.1 28 Profit Attributable to 2,391.2 2,305.4 4 Shareholders Earnings per share HK$0.73 HK$0.73* – Dividend per share HK$0.37 HK$0.62 N/A Net Assets 29,2

  3. Slide 3: Strong Financial Position

    Infrastructure Services Strong Financial Position „ Total cash and bank balances: HK$5.394 billion „ Total debt: HK$4.965 billion „ Net cash position: HK$429.4 million (As at 31 December 2010) 3

  4. Slide 4: Core Earnings

    Infrastructure Services Core Earnings For the six months ended 31 December (HK$'m) By Division 2500 2,214 2000 1,727 953 (43%) 1500 1,004 (58%) 1000 Services 1,261 500 (57%) Infrastructure 723 (42%) 0 2010 2009 4

  5. Slide 5: Core Earnings by Segment (Infrastructure)

    Infrastructure Roads Energy Water Ports & Logistics Core Earnings by Segment For the six months ended 2010 2009 Change % 31 December (HK$’m) (HK$’m) Fav./(Unfav.) Roads 748.1 233.5 220 Energy 192.2 216.9 (11) Water 168.4 120.8 39 Ports & Logistics 152.0 151.7 0 Total: 1,260.7 722.9 74 5

  6. Slide 6: Core Earnings by Segment (Services)

    Services Facilities Management Construction & Transport Strategic Investments Core Earnings by Segment For the six months ended 2010 2009 Change % 31 December (HK$’m) (HK$’m) Fav./(Unfav.) Facilities Management 404.3 400.4 1 Construction & Transport 149.8 258.4 (42) Strategic Investments 399.1 345.4

  7. Slide 7: Infrastructure

    Infrastructure Roads Energy Water Ports & Logistics 7

  8. Slide 8: Infrastructure Projects Overview

    Infrastructure Roads Energy Water Ports & Logistics Roads and related projects in Guangdong, 19 Guangxi, Shanxi and Tianjin Roads 1 Tunnel project in Hong Kong Power plants in Mainland China and 4 Macau 1 Fuel company in Guangzhou Energy Water projects in Mainland China and 27 Macau 1 Incineration p

  9. Slide 9: Total Profits - Roads

    Infrastructure Roads Energy Water Ports & Logistics Total Profits - Roads For the six months ended 31 December HK$’M 800 748 700 600 500 400 300 234 200 100 0 2010 2009 9

  10. Slide 10: Highlights – Roads

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Roads „ Total profits jumped by 220% „ Tangjin Expressway (Tianjin North Section) (唐津高速公路(天津北段)) average traffic flow up 36% plus an extra profit distribution of HK$332.5M „ Traffic volume of Guangzhou City Northern Ring Road (廣州市北環高速公

  11. Slide 11: Total Profits - Energy

    Infrastructure Roads Energy Water Ports & Logistics Total Profits - Energy For the six months ended 31 December HK$’M 300 250 192 217 200 150 100 50 0 2010 2009 11

  12. Slide 12: Highlights – Energy

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Energy „ Total profits decreased by 11% due to higher coal prices „ Combined electricity sales of Zhujiang Power Plants (珠江電廠) dropped 14% ¾ Lower demand during the Asian Games period ¾ Fuel cost rose by 5% „ Electricity sales of Cheng

  13. Slide 13: Total Profits - Water

    Infrastructure Roads Energy Water Ports & Logistics Total Profits - Water For the six months ended 31 December HK$’M 180 168 160 140 121 120 100 80 60 40 20 0 2010 2009 13

  14. Slide 14: Highlights – Water

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Water „ Total profits represented a strong growth of 39% „ Benefited from tariff hike of 9 water plants in FY2010 „ Recorded healthy water sales volume growth: ¾ Tanggu Water Plant (塘沽水廠) up 9% ¾ Changshu Water Plant (常熟水廠) up 6% ¾ Cho

  15. Slide 15: New Investments

    Infrastructure Roads Energy Water Ports & Logistics New Investments Share- Project name Status Operational data holding Nanjing Golden State 35.8% Operational Daily treatment Chengbei Wastewater capacity of 300,000m3 Treatment Plant 南京金州城北污水處理廠 Taizhou Golden State 32.8% Operational Daily treatment

  16. Slide 16: Total Profits – Ports & Logistics

    Infrastructure Roads Energy Water Ports & Logistics Total Profits – Ports & Logistics For the six months ended 31 December HK$’M 160 152 152 140 120 100 80 60 40 20 0 2009 16 2010

  17. Slide 17: Highlights – Ports & Logistics

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics „ Total profits maintained at similar level „ Xiamen New World Xiangyu Terminals Co., Ltd (廈門象嶼新創建碼頭) ¾Throughputs increased by 6% to 397,000 TEUs due to improvement in trade activities „ Throughputs of Tianjin Orient

  18. Slide 18: Highlights – Ports & Logistics (continued)

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics (continued) China Rail Container Terminals Project „ NWS has increased the shareholding from 22% to 30% „ 18 pivotal rail container terminals in 18 major cities in Mainland China „ 9 terminals are now operational Term

  19. Slide 19: Highlights – Ports & Logistics (continued)

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics (continued) Business Review „ Among the 8 operational terminals, 4 terminals in Dalian, Qingdao, Wuhan and Xi’an commenced operations in 1H FY2011 „ Remarkable throughput growth: FY2011 FY2010 Growth % (Jul – Dec 10)

  20. Slide 20: Highlights – Ports & Logistics (continued)

    Infrastructure Roads Energy Water Ports & Logistics Highlights – Ports & Logistics (continued) Business Outlook „ Projected aggregate throughput for FY2011 over one million TEUs „ Annualized throughput of major contributors as follows: Annualized throughput (TEUs) Chengdu 340,000 Kunming 320,000 Cho

  21. Slide 21: Services

    Services Facilities Management Construction & Transport Strategic Investments 21

  22. Slide 22: Total Profits – Facilities Management

    Services Facilities Management Construction & Transport Strategic Investments Total Profits – Facilities Management For the six months ended 31 December HK$’M 420 404 400 400 380 360 340 320 300 22 2010 2009

  23. Slide 23: Highlights – Facilities Management

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Facilities Management „ Outstanding performance of Free Duty compensated the loss of profit contributions from the disposed facility services businesses „ HKCEC recorded solid performance ¾618 events were held

  24. Slide 24: Total Profits – Construction & Transport

    Services Facilities Management Construction & Transport Strategic Investments Total Profits – Construction & Transport For the six months ended 31 December HK$’M 300 258 250 200 150 150 100 50 0 2010 2009 24

  25. Slide 25: Highlights – Construction & Transport

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Construction & Transport „ Overall total profits decreased by 42% „ Construction ¾Lower income due to absence of profit from NWS Engineering and projects suffering from higher material costs „ Transport ¾Bus p

  26. Slide 26: Total Profits – Strategic Investments

    Services Facilities Management Construction & Transport Strategic Investments Total Profits – Strategic Investments For the six months ended 31 December HK$’M 400 399 345 350 300 250 200 150 100 50 0 2010 2009 26

  27. Slide 27: Highlights – Strategic Investments

    Services Facilities Management Construction & Transport Strategic Investments Highlights – Strategic Investments „ “Financial Services” segment was renamed “Strategic Investments” to reflect the business nature „ AOP rose by 16% „ Included profit contributions from Tricor Holdings Limited (NWS 24.39

  28. Slide 28: Future Growth

    Infrastructure Services Future Growth Roads „ Guangzhou Dongxin Expressway (廣州市東新高速公路) commenced operation in December 2010 „ Tangjin Expressway (Tianjin North Section) (唐津高速公路(天津北段)) will continue to enjoy higher profit sharing as traffic volume is expected to grow at double digit Water „ Chongqing

  29. Slide 29: Future Growth (continued)

    Infrastructure Services Future Growth (continued) Ports & Logistics „ Xiamen Haicang Xinhaida Container Terminals (廈門海滄新海達集裝箱 碼頭) is expected to be operational in 2H 2011 „ China Rail Container Terminals Project is developing strongly „ Kwai Chung Logistics Centre ¾Total leasable area of approximate

  30. Slide 30: Future Growth (continued)

    Infrastructure Services Future Growth (continued) HKCEC „ New businesses and incremental revenue from atrium expansion Free Duty „ Robust growth in visitor arrivals „ Increased spending per passenger 30

  31. Slide 31: Summary

    Summary „ Record breaking results for first half with core earnings rose by 28% „ Organic growth in core businesses more than compensate loss of profit from divested service companies „ A strong balance sheet and financial position and maintained net cash position as at 31 December 2010 „ Infrastruc

  32. Slide 32: nt fal NWS

    S-~ nt fal 3 NWS

NWS Holdings — H1 FY2011 Earnings Presentation on 6ix