China Longyuan Power Group Corporation Ltd Class H · HKEX:916

China Longyuan Power Group Corporation Ltd Class H — H1 2010 Earnings Presentation

24 slides from China Longyuan Power Group Corporation Ltd Class H's earnings presentation, August 2010

  1. Slide 1: 2010 Interim Result Presentation

    2010 Interim Result Presentation August 2010

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as believe, expect, anticipate, estimate, plan, project, target, may, will or other similar words that expres

  3. Slide 3: Agenda

    Agenda Section 1 Performance Overview 2 Company Business Development Overview 3 1H2010 Result Analysis 3

  4. Slide 4: 1. Performance Overview

    1. Performance Overview 4 > RERDSERAHARAA

  5. Slide 5: Performance Overview

    Performance Overview Revenue (1) Net Income Attributable to Parent EPS (RMB MM) (RMB MM) (RMB Cent) .5% 12,000 1,000 20 00 2% =1 0. 10 894 17.40 th = 852 th row 9,744 w % ro 10,000 .6 YG 9 G 5 800 Y = Yo Yo 8,555 1,117 th 15 row G Y 8,000 6,963 Yo 2,544 600 11.41 6,244 6,000 278 2,218 10 5,873 425 3

  6. Slide 6: Performance Overview (Cont'd)

    Performance Overview (Cont ’d) (Cont’d) Consolidated Installed Capacity Attributable Installed Capacity Net Power Generation (MW) (MW) (GWh) 4 .8 % =3 .9% 18,000 = 52 8,000 th 6,000 Gr ow wth YoY 57. 8% Gro 9% 15,945 th = YoY 65. row = 54 7,000 G wth 15,293 6,407 YoY Gro 23 % 6,457 29 5,000 Yo Y 15,

  7. Slide 7: 2. Company Business Development Overview

    2. Company Business Development Overview 7

  8. Slide 8: Distribution of Consolidated Installed Capacity and Pipeline Capacity

    Distribution of Consolidated Installed Capacity and Pipeline Capacity As of 30 June 2010, our pipeline capacity reached 50GW, which will fully support the growth target until 2020 In addition to the six major areas, wind power projects are further developed in Yunnan, Tianjin, Anhui, Shanxi, Ningxia

  9. Slide 9: Wind Power Business – Further Ascend in Installed Capacity

    Wind Power Business – Further Ascend in Installed Capacity Consolidated Installed Capacity Geographical Breakdown of 1H2010 and 1H2009 Consolidated Installed Capacity (MW) (MW) 5,000 4,553.0 Areas 1H2010 1H 2009 YoY 4,500 The Three Northeast 1,666.7 974.7 71.0% 4,000 Provinces +1,667 MW +57.8% Inner

  10. Slide 10: Wind Power Business – Strong Power Generation Growth

    Wind Power Business – Strong Power Generation Growth Geographical Breakdown of 1H2010 and Wind Consolidated Gross Power Generation 1H2009 Wind Consolidated Gross Power (GWh) Generation 8,000 (GWh) Areas 1H 2010 1H 2009 YoY The Three Northeast 6,211 Provinces 1,430 920 55.4% 6,000 Inner Mongolia 1,14

  11. Slide 11: Wind Power Business – Slight Decrease in Utilization Hours

    Wind Power Business – Slight Decrease in Utilization Hours Average Utilization Hours Geographical Breakdown of 1H2010 and 1H2009 Wind Average Utilization Hours (Hours) (Hours) 2,500 2,268 Areas 1H2010 1H 2009 YoY The Three Northeast 858 1,160 -26.0% 2,000 Provinces Inner Mongolia 1,157 1,273 -9.2% 2

  12. Slide 12: Wind Power Business – Further Ascend in Availability Factor

    Wind Power Business – Further Ascend in A vailability Factor Availability Average Availability Factor Geographical Breakdown of 1H2010 and 1H2009 Wind Availability Factor (%) (%) 100 +1.22% 98.19 Areas 1H2010 1H 2009 YoY 98 96.97 The Three Northeast 98.53 98.41 0.12% 96 Provinces 94 Inner Mongolia 9

  13. Slide 13: Wind Power Business – Stable Average On-grid Tariff

    Wind Power Business – Stable Average On -grid Tariff On-grid Average On-grid Tariff (Including VAT) Wind power tariffs of the Group for (RMB/MWh) the first half of 2010 has seen a 600 +25RMB/MWh growth, with the average on-grid 565 540 tariffs of wind power increased to RMB 565 per MWh (VAT included

  14. Slide 14: Equipment Procurement Cost Continues to Drop

    Wind Power Business – Equipment Procurement Cost Continues to Drop Wind turbine procurement cost dropped approximately 10% in 1H2010 vs. 2009, mainly because: - We utilize our aggregate ordering and procuring power to obtain competitive pricing and lower the cost - With the development of the turbin

  15. Slide 15: Actively Develop Offshore Wind Power Projects

    Wind Power Business – Actively Develop Offshore Wind Power Projects Projects Actively Develop Offshore Wind Power Projects The government has issued development plans to utilize coastal wind resources. As an early entrant in developing China’s offshore wind power projects, Longyuan has clear advanta

  16. Slide 16: Accelerated CDM Project Development

    Wind Power Business – Accelerated CDM Project Development CDM Revenue Facilitate CDM Business (RMB MM) As of 30 June 2010, Longyuan has 36 180 projects successfully registered by CDM EB, including 35 wind power projects and 1 160 14 biomass power project, with an aggregate VER +100% installed capaci

  17. Slide 17: Accelerated CDM Project Development

    Wind Power Business – Accelerated CDM Project Development Newly registered CDM projects in 2010 As of 30 June 2010, the Inner Mongolia Bayannur Chuanjingsumu Wind Company has successfully Power Project (IV) registered additional 11 Liaoning Faku Wanghaisi East Wind Power CDM projects located in Proj

  18. Slide 18: Coal Power Business – Improved and Increased

    Coal Power Business – Improved and Increased Coal Power Consolidated Gross Power Generation The Group’s consolidated gross coal (GWh) power generation during 1H 2010 12,000 significantly increased to 5,564 million 10,910 kWh(15.2% over 1H2009), mainly 10,000 attributable to the increase in demand fo

  19. Slide 19: 3. 1H2010 Result Analysis

    ND a 3. 1H2010 Result Analysis 19 © senommRnRas

  20. Slide 20: 1H 2010 Performance Overview

    1H 2010 Performance Overview Wind Power Revenue(1) Coal Power Revenue(2) Net Profit(3) (RMB MM) (RMB MM) (RMB MM) ) 3,000 g MI 7,000 1,800 in % 2,754 c l ud 00.5 1,647 (ex 1 5,873 r ofit wth = = 62 . 6% 1,600 tP ro Grow th 6,000 Ne oY G YoY . 0% Y 2,153 th = 82 Grow 1,400 YoY 1,259 5,000 4,373 753 2

  21. Slide 21: 1H 2010 Performance Overview (Cont'd)

    1H 2010 Performance Overview (Cont 1H ’d) (Cont’d) Wind Power Operating Profit Coal Power Operating Profit Other Operating Profit (RMB MM) (RMB MM) (RMB MM) 2,500 1,200 120 110 985 1,000 100 2,000 1,924 .4 % = 53 h o wt Gr 800 80 Y 74 Yo 1,540 724 1,500 YoY Grow th = -0.5% 600 60 1.1% G ro wth = 1,0

  22. Slide 22: Balance Sheet

    Balance Sheet Key Highlights in Balance Sheet Net Gearing (1) RMB MM At 30 Jun 2010 At 31 Dec 2009 YoY (%) -3 5 Cash at Bank and 80 75% pe 6,428 16,503 -61.0% rc en on Hand t ent +8 perc ST Borrowings 15,523 17,087 -9.2% 60 48% LT Borrowings 12,597 16,219 -22.3% 40% 40 Total Liabilities 37,053 42,27

  23. Slide 23: Bonds

    Bonds Low-Cost Capital Preparing for the Issue of Corporate Bonds In February 2010, Longyuan successfully In May 2010, the proposed issuance of raised an aggregate of RMB1.6 billion upon corporate bonds (maximum RMB 7Bn in the issue of a 7-year fixed-rate corporate one or multiple tranches) was cons

  24. Slide 24: Thanks!

    Thanks!

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