Ctf Services Limited · HKEX:659

Ctf Services — NWS Holdings — H1 FY2007 Earnings Presentation

30 slides from Ctf Services's earnings presentation, Mar 19, 2007

  1. Slide 1: Interim Results 2006/2007

    —— _WAZSBARAA #1 Bll 32 NWS Holdings Limited Interim Results 2006/2007 . Gna Caringcompany ‘Awarded by The Hong Kong Council of Social Service SANGRE AR

  2. 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) 56% 70% 新創建集團有限公司 新世界中國地產有限公司 NWS Holdings Limited New World China Land Limited (香港股份代號: 0659) (香港股份代號: 0917) (HK stock code: 0917) (HK stock code: 0659) 1

  3. 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 Transport 水務 交通運輸 Ports Others 港口 其他 2

  4. Slide 4: Financial Highlights

    Financial Highlights

  5. Slide 5: Consolidated Financial Highlights

    Consolidated Financial Highlights For the six months ended 31 Dec 2006 2005 Change (HK$’m) (HK$’m) Fav./(Unfav)% Turnover 6,902.7 5,753.7 20 AOP 1,118.5 1,024.4 9 Profit attributable to shareholders 912.2 909.0 - Exceptional gains - 83.8 (100) Profit attributable to shareholders 912.2 825.2 11 befor

  6. Slide 6: Strong Financial Position

    Strong Financial Position Net Debt 4.6 (HK$ billion) 2.3 2.0 1.3 Jun 04 Jun 05 Jun 06 Dec 06 „ Cash on hand: HK$2.4 billion (30 June 2006: HK$2.5 billion) „ Gearing ratio* : 8% (30 June 2006: 13%) * Net Debt to Total Equity 5

  7. Slide 7: AOP Mix (for the six months ended 31 Dec)

    AOP Mix (for the six months ended 31 Dec) (HK$’m) By Division By Region 1,200 1,118.5 1,200 1,118.5 1,024.4 1,024.4 47% 35% 42% 39% 800 521.5 800 359.2 469.5 398.2 11% 108.5 10% 107.7 400 61% 53% 400 54% 48% 626.2 597.0 556.7 541.3 0 0 2005 2006 2005 2006 Service & Rental Hong Kong Macau and others

  8. Slide 8: AOP by Segment

    AOP by Segment For the six months 2006 2005 Change % ended 31 Dec (HK$’m) (HK$’m) Fav./(Unfav.) Infrastructure Roads 285.0 238.7 19 Energy 214.0 299.4 (29) Water 56.0 51.2 9 Ports 42.0 36.9 14 597.0 626.2 (5) Service & Rental Facilities Rental 222.5 206.4 8 Contracting 110.1 73.5 50 Transport 56.2 3

  9. Slide 9: AOP - Contribution by Segment

    AOP - Contribution by Segment For the six months 2006 % of total ended 31 Dec (HK$’m) AOP Roads 285.0 25 Facilities Rental 222.5 20 Energy 214.0 19 Contracting 110.1 10 Transport 56.2 5 Water 56.0 5 Ports 42.0 4 Others 132.7 12 TOTAL 1,118.5 100 8

  10. Slide 10: Infrastructure

  11. Slide 11: Infrastructure

    5 power plants in Mainland Infrastructure Energy China and Macau 18 road and bridge projects in Guangdong, Guangxi, Shanxi, Tianjin and Wuhan; Roads and one tunnel project in Hong Kong 21 water treatment projects in Mainland China and Macau, one incineration plant in Mainland China Water and one lan

  12. Slide 12: AOP - Infrastructure

    AOP - Infrastructure For the six months 2006 2005 Change ended 31 Dec (HK$’m) (HK$’m) + / (-) % Roads 285.0 238.7 19 Energy 214.0 299.4 (29) Water 56.0 51.2 9 Ports 42.0 36.9 14 TOTAL 597.0 626.2 (5) 11

  13. Slide 13: Roads

    Roads „ AOP up 19%: Pearl River Delta projects performed remarkably „ Guangzhou City Northern Ring Road (廣州市北環 高速公路) traffic volume increased by 15% to 159,400 vehicles / day „ Combined traffic volume of Shenzhen-Huizhou Expressway and Roadway (深圳惠州高速公路及公 路) increased by 13% to 33,120 vehicles / day

  14. Slide 14: New Guangzhou Baiyun International Airport and Railway Station

    廣州新白雲國際機場 New Guangzhou Baiyun International Airport 廣州新火車客運站 the new Guangzhou Railway Station 13

  15. Slide 15: Energy

    Energy „ AOP decreased by 29% „ Contribution from Zhujiang Power Phase I and II (珠江電廠 第一及第二期) dropped due to change in depreciation policy in 1H FY06 and power sales volume decreased by 9% YoY „ Zhujiang Power Plant utilization maintained at a high level and continues to produce steady profit „ Aver

  16. 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 in 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 Po

  17. Slide 17: Water

    Water „ AOP increased by 9% „ Macao Water (澳門水廠) sales volume up 10% „ Shanghai SCIP Water Treatment Plants (上海化學工業區水 處理廠) and Chongqing Water Plant (重慶水廠) sales volume up 54% and 20% respectively Two new projects: „ Changshu Water project in Jiangsu Province (江蘇省常熟市) • Daily treatment capacity 675,

  18. Slide 18: Ports

    Ports „ AOP up 14% „ Xiamen New World Xiangyu Terminals (廈門象嶼新創建 碼頭) throughput increased by 4% to 380,000 TEUs „ Tianjin Orient Container Terminals (天津東方海陸集裝箱 碼頭) throughput decreased by 3% to 549,000 TEUs „ Tianjin Five Continents International Container Terminal (天津五洲國際集裝箱碼頭) handled 1,036,000 TE

  19. Slide 19: Service & Rental

  20. Slide 20: AOP – Service & Rental

    AOP – Service & Rental For the six months 2006 2005 Change ended 31 Dec (HK$’m) (HK$’m) + / (-) % Facilities Rental 222.5 206.4 8 Contracting 110.1 73.5 50 Transport 56.2 37.4 50 Others 132.7 80.9 64 TOTAL 521.5 398.2 31 19

  21. Slide 21: Facilities Rental

    Facilities Rental Both HKCEC and ATL achieved solid results with strong recurring cash flow „ HKCEC • Atrium expansion is underway and expected to complete by early 2009 „ ATL continued to benefit from local economic recovery 20

  22. Slide 22: Facilities Rental

    Facilities Rental China Rail Container Terminals Project „ 18 pivotal rail container terminals in 18 major cities scheduled to be completed in phases by 2010 „ Shanghai and Kunming terminals completed „ Another 8 terminals will be built in phase one Dalian, Chongqing, Qingdao, Xian, Wuhan, Chengdu,

  23. Slide 23: Contracting

    Contracting „ AOP increased 50% to $110 million „ Contract-on-hand: HK$29.6 billion as at 31 December 2006 • Included HK$11 billion contracts from Macau with higher margin 22

  24. Slide 24: Transport

    Transport „ AOP increased by 50% „ Local bus business AOP increased by 20% due to increase in patronage by 2% and lower interest cost „ Local ferry business recorded operating loss of HK$4.8 million despite fare rise „ Macau ferry services’ average daily passenger volume increased by 11% to 9,800 23

  25. Slide 25: Others

    Others „ Marked improvement in cash and profit contribution from other businesses due to economic recovery • Liquor and tobacco duty free sales (profit up 60%) • Financial services (profit up 36%) 24

  26. Slide 26: Hunghom Peninsula Project

    Hunghom Peninsula Project „ Club house construction, exterior and interior renovation to be completed at the end of 2007 „ Pending issuance of the Deed of Mutual Covenant by the Government „ Sales launch targeted in 2007 25

  27. Slide 27: Corporate Strategies & Objectives

    Corporate Strategies & Objectives „ Continue to pursue 3 corporate objectives • Seek long-term growth in core businesses • Maintain a stable dividend policy and enhance shareholder value • Maintain optimal capital structure „ Uphold corporate governance and service excellence • Corporate Governance

  28. Slide 28: Achievements

    Achievements NWS Holdings Limited • Directors of the Year Awards 2006 • Asia Pacific PR Awards 2006 Hong Kong • 17th TTG Travel Awards – Best Convention and Convention & Exhibition Centre Exhibition Centre Urban Property • Best Brand Enterprise Award Management Limited Sino-French Holdings • 2006 In

  29. Slide 29: Responsible Corporate Citizen

    Responsible Corporate Citizen 28

  30. Slide 30: — _nizZS BARA

    — _nizZS BARA #1 Bll 32 NWS Holdings Limited POF BAIS a Z ~~ caringcompany”” ‘Awarded by The Hong Kong Council of Social Service: FANSREHSAR

NWS Holdings — H1 FY2007 Earnings Presentation on 6ix