Ctf Services Limited · HKEX:659
Ctf Services — NWS Holdings — FY2007 Earnings Presentation
32 slides from Ctf Services's earnings presentation, Oct 10, 2007
Slide 1: Annual Results 2007
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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 : 0017) (HK stock code: 0017) 70% 56% 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: 0917) Limited (香港股份代號 :0825) (HK stock c
Slide 3: NWSH Corporate Structure
NWSH 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
Financial Highlights
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights For the year ended 2007 2006 Change 30 June (HK$’m) (HK$’m) + / (-)% Revenue 15,047.1 12,543.9 20 AOP 2,291.1 1,937.6 18 Profit attributable to 2,005.4 1,656.6 21 shareholders Earnings per share HK$1.01 HK$0.89 13 Dividend per share HK$0.55 HK$0.44 25 Dividend payou
Slide 6: Strong Financial Position
Strong Financial Position Net debt: HK$8,438.4 million Gearing ratio: 46% Gearing ratio (net Taifook Securities’ short-term borrowing for IPO financing ): 15% (30 June 2006: 13%) Prepared to increase gearing ratio (net Taifook Securities) to 35 - 45% 5
Slide 7: AOP Mix (for the year ended 30 June)
AOP Mix (for the year ended 30 June) (HK$’m) By Division By Region 2,400 2,291.1 2,400 2,291.1 2,000 1,937.6 2,000 1,937.6 1,140.7 1,003.5 1,600 822.9 50% 1,600 738.6 44% 42% 38% 1,200 1,200 800 1,114.7 1,150.4 800 1,199.0 1,287.6 58% 50% 62% 56% 400 400 0 0 2006 2007 2006 2007 Service & Rental Hong
Slide 8: AOP by Segment
AOP by Segment For the year ended 2007 2006 Change % 30 June (HK$’m) (HK$’m) Fav./(Unfav.) Infrastructure Roads 566.4 469.1 21 Energy 402.8 487.8 (17) Water 102.2 87.4 17 Ports 79.0 70.4 12 1,150.4 1,114.7 3 Service & Rental Facilities Rental 404.2 392.0 3 Contracting 255.9 163.0 57 Financial Servic
Slide 9: AOP - Contribution by Segment
AOP - Contribution by Segment For the year ended 2007 % of total 30 June (HK$’m) AOP Roads 566.4 24.7 Facilities Rental 404.2 17.6 Energy 402.8 17.6 Other Services 339.0 14.8 Contracting 255.9 11.2 Financial Services 141.6 6.2 Water 102.2 4.5 Ports 79.0 3.4 TOTAL 2,291.1 100 8
Slide 10: Infrastructure
Slide 11: Infrastructure
19 road and bridge projects in Guangdong, Guangxi, Infrastructure Roads Shanxi, Tianjin and Wuhan; and one tunnel project in Hong Kong 5 power plants in Mainland China and Macau Energy 21 water treatment projects in Mainland China and Macau, one incineration plant in Mainland China and Water one lan
Slide 12: AOP - Infrastructure
AOP - Infrastructure For the year ended 2007 2006 Change % 30 June (HK$’m) (HK$’m) Fav./(Unfav.) Roads 566.4 469.1 21 Energy 402.8 487.8 (17) Water 102.2 87.4 17 Ports 79.0 70.4 12 TOTAL 1,150.4 1,114.7 3 11
Slide 13: Roads
Roads AOP up 21%: Pearl River Delta projects performed remarkably New Investment Acquired 40.8% equity interest in Guangzhou Dongxin Expressway (廣州市東新高速公路) Total investment approx. HK$6 billion Phase 1 operational in mid 2008, full operation by end 2009 A dual 3-lane expressway (partially with 4-lan
Slide 14: Pearl River Delta Expressways Network
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Slide 15: Energy
Energy AOP decreased by 17% 珠江電廠) 珠江電廠 dropped Contribution from Zhujiang Power Plants (珠江電廠 due to one-off gain resulting from change in depreciation policy in 1H FY06 and power sales volume decreased by 11% YoY Zhujiang Power Plants average utilization maintained at a high level and continues to p
Slide 16: Energy – New Investments
Energy – New Investments Guodian Chengdu Jintang Power Plant (國電成都金堂電廠) (35%) 2x600MW capacity Total investment at around RMB 4.7billion Operational from June 2007 China Guodian Corporation is the major shareholder Guangdong Baolihua New Energy Stock Co., Ltd. (廣東寶麗華新能源股份有限公司) (9.45%) 2x135MW Power
Slide 17: Water
Water AOP increased by 17% 澳門水廠) 澳門水廠 sales volumes up 10% Macao Water (澳門水廠 上海化學工業區水 Shanghai SCIP Water Treatment Plants (上海化學工業區水 處理廠) 重慶水廠) 處理廠 and Chongqing Water Plant (重慶水廠 重慶水廠 sales volumes up 47% and 19% respectively 16
Slide 18: Water
Water New Investments 江蘇省常熟市) 江蘇省常熟市 Changshu Water project in Jiangsu Province (江蘇省常熟市 Daily treatment capacity 675,000m3 Profit contribution from December 2006 重慶污水處理) 重慶污水處理 Waste water project in Chongqing (重慶污水處理 Daily treatment capacity 300,000m3 Profit contribution from January 2007 17
Slide 19: Ports
Ports AOP up 12% 廈門象嶼新創建 Xiamen New World Xiangyu Terminals (廈門象嶼新創建 碼頭) 碼頭 throughput increased by 8% to 794,000 TEUs Tianjin Five Continents International Container Terminal 天津五洲國際集裝箱碼頭) 天津五洲國際集裝箱碼頭 handled 1,988,000 TEUs (天津五洲國際集裝箱碼頭 Wenzhou Zhuangyuan Ao New World International 溫州狀元嶴新創建國際碼頭) 溫州狀
Slide 20: Service & Rental
Service & Rental
Slide 21: AOP – Service & Rental
AOP – Service & Rental For the year ended 2007 2006 Change % 30 June (HK$’m) (HK$’m) Fav./(Unfav.) Facilities Rental 404.2 392.0 3 Contracting 255.9 163.0 57 Financial Services 141.6 65.8 115 Other Services 339.0 202.1 68 TOTAL 1,140.7 822.9 39 20
Slide 22: Facilities Rental
Facilities Rental AOP up 3% to HK$404.2 million Both HKCEC and ATL achieved solid results with strong recurring cash flow HKCEC • Atrium Link expansion is underway and expected to complete by early 2009 • Increase by 19,400 sq m which will add up to a total of 83,400 sq m exhibition space ATL contin
Slide 23: Facilities Rental
Facilities Rental China Rail Container Terminals Project 18 pivotal rail container terminals in 18 major cities in Mainland China scheduled to be completed in phases by 2010 Shanghai and Kunming terminals completed Construction work will start at Chongqing, Zhengzhou and Qingdao within 2007 Professi
Slide 24: Contracting
Contracting AOP increased 57% to HK$255.9 million Contributions from Macau have enhanced profitability Contract-on-hand: HK$35.9 billion as at 30 June 2007 Included HK$13.1 billion contracts from Macau with higher margin New business opportunities in Middle East, Thailand, etc. 23
Slide 25: Financial Services
Financial Services Financial Services profit up 115% to HK$141.6 million Increasing shareholding from 21.49% to 61.29% and become the largest shareholder of Taifook Securities Benefit from the Central Government QDII and “Through Train” pilot schemes Strong profit from Tricor Holdings’ share registr
Slide 26: Other Services
Other Services Liquor and tobacco duty free sales continue to produce strong cash flow and profit Average spending per passenger at the airport operation increased by 6% New duty free concession at cross borders Lok Ma Chau Spur Line and Lo Wu from Aug 2007 and Jan 2008 respectively Lo Wu cross bord
Slide 27: Hunghom Peninsula Project
Hunghom Peninsula Project 2,470 residential units Project ready to be rolled out to the market 26
Slide 28: Summary of New Investments in FY2007&08
Summary of New Investments in FY2007&08 NWSH Investment Infrastructure Shareholding (HK$’m) Roads Guangzhou Dongxin Expressway 40.8% 1,210 Energy Guodian Chengdu Jintang Power Plant 35% 325 Guangdong Baolihua New Energy Stock 9.45% 333 Co. Ltd Changshu Water Project in Jiangsu Water 24.5% N/A Provin
Slide 29: Corporate Strategies & Objectives
Corporate Strategies & Objectives Continue to pursue growth opportunities in our core businesses Prepared to increase net gearing to 35-45% for FY2008 – FY2010 in acquiring new projects Uphold corporate governance, service excellence and corporate social responsibility 28
Slide 30: Achievements
Achievements NWS Holdings Limited • Directors of the Year Awards 2006 • Best Brand Enterprise Award & Outstanding Corporate Strategy • Best HR Team and Best Change Management Practices Hong Kong • 17th TTG Travel Awards – Best Convention and Convention & Exhibition Centre Exhibition Centre Xiamen Ne
Slide 31: Responsible Corporate Citizen
Responsible Corporate Citizen 30
Slide 32: Sustaining Business Growth, Upholding Corporate Citizenship
—— — Za SS Sustaining Business Growth Upholding Corporate Citizenship