China Suntien Green Energy Corporation Limited Class A · SSE:600956

China Suntien Green Energy Corporation Limited Class A — H1 2017 Earnings Presentation

26 slides from China Suntien Green Energy Corporation Limited Class A's earnings presentation, August 2017

  1. Slide 1: 2017 Interim Results Announcement

    2017 Interim Results Announcement Aug 2017 (0956.HK)

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains statements that reflect the current beliefs, intent or expectation of the Company or its officers about the future as of the respective dates indicated therein. These forward-looking statements can be recognized by the use of words such as “expects”, “plan”, “wi

  3. Slide 3: Agenda

    Agenda 1. 2017 Interim Results Overview 2. Business Review 3. Financial Highlights 4. Outlook 3

  4. Slide 4: 1. 2017 Interim Results Overview

    1. 2017 Interim Results Overview

  5. Slide 5: Results highlight

    Results highlight • The Group’s Gross Profit in 1H17 was RMB1.17bn, up 51.2% yoy; Gross Profit margin was 36.2%, down 0.5ppt yoy • Profit attributable to owners of the Company was RMB601mil, up 70.2% yoy Gross Profit and Gross Profit Margin Profit attributable to owners of the Company RMB Mil % RMB

  6. Slide 6: Results highlight

    Results highlight • Net Profit After Tax of Natural Gas Segment was RMB104 mil, up 151.8% yoy • Net Profit After Tax of Wind and Solar Energy Segment was RMB642mil, up 77.7% yoy Net Profit After Tax of Wind and Solar Net Profit After Tax of Natural Gas Segment Energy Segment RMB Mil RMB Mil 120.0 70

  7. Slide 7: 2017 Operating Data Overview

    2017 Operating Data Overview  Consolidated Gross Power Generation increased by 47.9% to 3,430 GWh;  Utilization hours decreased by 46 hours to 1,230, which is higher than national average by 246 hours; curtailment rate was 7.35%, down 0.56ppts yoy  Consolidated installed capacity of the wind farm

  8. Slide 8: 2. Business Review

    2. Business Review

  9. Slide 9: Wind Power Segment Review

    Wind Power Segment Review Consolidated Wind Power Installed Capacity Consolidated Gross Power Generation （MW） GWh +1,111 GWh 3,500.0 +681.7 MW 3,500.0 +47.9% 3,430 +27.5% 3,160 3,000.0 3,000.0 2,478 2,319 2,500.0 2,500.0 2,000.0 2,000.0 1,500.0 1,500.0 1,000.0 1,000.0 500.0 500.0 0.0 0.0 1H16 1H17 1

  10. Slide 10: Wind Power Segment Review (Con't)

    Wind Power Segment Review (Con’t) Average On-grid Tariff (VAT Availability Factor（1） Average Utilization Hours included) % hours RMB/kwh -46 hours 100.0 1,300 1,276 0.600 -0.01 RMB 1,230 0.551 0.541 1,200 +0.6 ppt 97.9 1,100 0.500 98.0 97.3 1,000 900 0.400 96.0 800 700 0.300 600 94.0 500 0.200 400 3

  11. Slide 11: Wind Power Projects in Hebei

    Wind Power Projects in Hebei Distribution of Consolidated and Associate Installed Wind Wind Power Development in Hebei Power Capacity in Hebei  Added 275.8 MW of consolidated installed capacity in Hebei in 1H17; As of end-1H17, total consolidated installed capacity was 2,629.9MW, or 83.2% of the Gr

  12. Slide 12: Wind Power Projects in Other Provinces

    Wind Power Projects in Other Provinces Wind Power Development Outside Hebei Consolidated Wind Power Installed Capacity Outside Hebei In 1H17： Inner Mongolia: 17MW  Added 87.6 MW of newly installed capacity in other Xinjiang: 100MW provinces, including 17MW in Inner Mongolia,40 MW in Shandong, 30.6

  13. Slide 13: Project Approvals

    Project Approvals Wind Power Project Approvals Distribution of approved uncommenced projects  In 1H17, the Group added 49.5 MW approved capacity; accumulated approved uncommenced projects 50 MW capacity was 1,960 MW as at end of 1H17 North：1,255.5MW South：147 MW  In 1H17, the newly approved capaci

  14. Slide 14: Natural Gas Segment Review

    Natural Gas Segment Review Gas Sales Volume Wholesale mil m3 mil m3 +91 mil m3 600 +23.2% +296 mil m3 392 482 900 +54.9% 836 300 800 4% 0 1H16 1H17 700 Retail 38% mil m3 +208 mil m3 600 540 400 +187.4% 319 6.9% 500 200 111 21% 400 0 1H16 1H17 300 CNG 58% mil m3 -2 mil m3 200 73% -6.6% 40 37 35 100 2

  15. Slide 15: Natural Gas Segment Review (Con't)

    Natural Gas Segment Review (Con’t) Locations of Natural Gas Pipelines Construction of Natural Gas Pipeline Projects Ximeng Datang Keqi  Added 133.1km km of pipelines in 1H17, as at the end of 1H17, total length of natural gas Chifeng pipelines in operation reached 2,316.8 km  Main part of the proj

  16. Slide 16: Natural Gas Segment Review (Con't)

    Natural Gas Segment Review (Con’t) Upstream Gas Supply Downstream Business  Established a joint venture company together with  Non-residential users increased by 148 (including 78 Tianjin Energy Investment Co., Ltd. and Shanxi Guohua small business users) to a total of 2,162 users Energy Co., Ltd.

  17. Slide 17: 3. Financial Highlights

    3. Financial Highlights

  18. Slide 18: Group Financial Highlights

    Group Financial Highlights Revenue Gross Profit RMB mil RMB mil % 4,000 1,500 80 3,221 1,167 3,000 2,100 46.4% 1,000 772 2,000 36.7% 40 47.3% 98736.2% 500 1,000 53.6% 639 52.7% 0 0 135 179 0 1H16 1H17 1H16 1H17 Natural Gas Wind Power & PV Natural Gas Wind Power & PV GP Margin Operating Profit(2) EBI

  19. Slide 19: Wind and Photovoltaic Segment Financial Highlights

    Wind and Photovoltaic Segment Financial Highlights Revenue Gross Profit RMB mil RMB mil % 1,500 1,496 1,000 987 80 994 638 1,000 500 66.0% 60 64.2% 500 0 0 40 1H16 1H17 1H16 1H17 Operating Profit EBITDA (1) RMB mil % RMB mil % 1,000 970 80 2,000 100 1,433 616 64.9% 500 60 1,000 938 62.0% 94.4% 95.8%

  20. Slide 20: Wind and Photovoltaic Segment NPAT Analysis

    Wind and Photovoltaic Segment NPAT Analysis RMB mil 1000 900 800 -141 700 +1 -62 -13 -7 600 +503 500 400 300 642 200 361 100 0 1H16 NPAT Increase in Power Increase in DD&A Increase in Asso Wind Increase in Finance Increase in Income Other Income & 1H17 NPAT Sales Farm Contributions Cost Tax Expenses

  21. Slide 21: Natural Gas Segment Financial Highlights

    Natural Gas Segment Financial Highlights Revenue Gross Profit RMB mil RMB mil % 2,000 1,725 300 30 179 1,107 135 1,000 150 15 12.2% 10.4% 0 0 0 1H16 1H17 1H16 1H17 Operating Profit EBITDA (1) RMB mil % RMB mil % 200 20 300 30 131 176 94 135 100 10 150 15 8.5% 7.6% 12.2% 10.2% 0 0 0 0 1H16 1H17 1H16

  22. Slide 22: Natural Gas Segment NPAT Analysis

    Natural Gas Segment NPAT Analysis RMB mil 700 600 500 400 +618 -574 300 200 100 -4 -3 -7 +46 -13 104 41 0 1H16 Increase in Increase in COGS Increase in DD&A Increase in Finance Increase in Income Increase in LNG Other Income and 1H17 NPAT Revenue Cost Tax Terminal Profit Expenses NPAT Contributions

  23. Slide 23: Capital Structure

    Capital Structure Total Liabilities / Total Assets 1H17 Net Borrowing Breakdown (%) RMB mil 70 68.2 20,000 66.7 2,137 15,000 14,130 10,000 16,575 5,000 50 4,583 1H16 1H17 0 Short-term Long-term Cash Net Borrowings Borrowings Borrowings Interest Coverage（EBITDA/Finance Cost） Net Debts/EBITDA (x) (x)

  24. Slide 24: 4. 2H17 Outlook

    4. 2H17 Outlook

  25. Slide 25: 2H17 Outlook

    2H17 Outlook In 2H17, the Group will keep a wide horizon and capture opportunities for strategic development so as to devote every effort in facilitating various projects and promoting business development The following continuous measures will be taken by the Group: 1. Exploring cooperation mechani

  26. Slide 26: China Suntien Green Energy Corporation Limited

    China Suntien Green Energy Corporation Limited

China Suntien Green Energy — H1 2017 Earnings Presentation on 6ix