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

China Suntien Green Energy Corporation Limited Class A — H1 2016 Earnings Presentation

24 slides from China Suntien Green Energy Corporation Limited Class A's earnings presentation, August 2016

  1. Slide 1: 2016 Interim Results Announcement

    2016 Interim Results Announcement Aug 2016 (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. 2016 Interim Results Overview 2. Business Review 3. Financial Highlights 4. Outlook 3

  4. Slide 4: 1. 2016 Interim Results Overview

    1. 2016 Interim Results Overview 4

  5. Slide 5: 2016 Interim Results Overview

    2016 Interim Results Overview Results highlight: •Profit attributable to shareholders increased by 27.4% yoy to RMB353mil •Wind & solar power segment NPAT increased by54.8% to RMB361mil •Wind power business added 384.3MW consolidated installed capacity in 1H16  Consolidated installed capacity of th

  6. Slide 6: 2. Business Review

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  7. Slide 7: Wind Power Segment Review

    Wind Power Segment Review Power generation growth driven by recovery of wind speed and lower wind curtailment rate Consolidated Wind Power Installed Capacity Consolidated Wind Power Generation(1) （MW） +781.1MW （GWh） +46.0% +445GWh 2,477.9 +23.7% 2,319 2,500.0 2,400.0 2,200.0 2,000.0 1,874 2,000.0 1,

  8. Slide 8: Wind Power Segment Review (cont'd)

    Wind Power Segment Review (cont‘d) Average Utilization Hours increased, availability factor rebounded Average On-grid Tariff Availability Factor(1) Average Utilization Hours (Tax Inclusive) % （hours） （RMB/kwh） +149 hours -2.6 ppt 1,300 1,276 0.600 +0.004 RMB/kwh 98.0 97.3 0.551 0.551 1,200 1,127 96.

  9. Slide 9: Wind Power projects in Hebei

    Wind Power projects in Hebei Wind Power Development in Hebei Distribution of consolidated and associate installed wind power capacity in Hebei  Increased 273.5 MW of consolidated installed capacity in Hebei in 1H16; as of end-2015, total Weichang Consolidated: 425.0MW Associate: 247.5MW consolidate

  10. Slide 10: 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 1H16:  Added 23.5 MW of consolidated installed capacity Xinjiang: 100MW in Shanxi; As of end-June 2016, total consolidated installed capacity in Shanxi was 148.5MW

  11. Slide 11: Project Approvals

    Project Approvals Approved wind power capacity that has not yet started Wind power project approvals construction  Acquired 118 MW newly approved wind power reserve capacity, in 1H16, which all belongs to zone 4 wind resources; total approved reserve Northern Grid：977 MW capacity amounted to 1,573

  12. Slide 12: Natural Gas Segment Overview

    Natural Gas Segment Overview Gas Sales Volume Wholesale （mil m3） （mil m3） -34 mil m3 -8.0% 425 392 700 -396 mil m3 400 -11.8% 200 612 600 0 5.8% 540 1H15 1H16 6.9% Retail 500 24.7% （mil m3） -40 mil m3 20.5% 200 151 -26.6% 400 111 100 300 0 1H15 1H16 CNG/LNG 200 69.6% 72.5% （mil m3） +2 mil m3 +5.7% 4

  13. Slide 13: Natural Gas Segment Overview (Con't)

    Natural Gas Segment Overview (Con’t) Locations of Natural Gas Pipelines Construction of Natural Gas Pipeline Projects Ximeng Datang Keqi  Finished construction of 151.9km of new pipeline; as at end-June 2016, accumulated Chifeng operating pipelines reach 1,993.7km Pingquan  Pipework for Ten Countr

  14. Slide 14: Natural Gas Segment Overview (Con't)

    Natural Gas Segment Overview (Con’t) Upstream Gas Supply Downstream Business  The Group intended to build a joint venture company  Non-residential users increased by 120 (including 69 small together with a third party for construction of natural gas business users) to a total of 1,740 users (inclu

  15. Slide 15: 3. Financial Highlights

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  16. Slide 16: Group Financial Highlights

    Group Financial Highlights Revenue Gross Profit （Mil RMB） （Mil RMB） (Margin%) 3,000 1,000 50 2,389 772 2,100 727 2,000 33.7% 30.4% 36.7% 47.3% 500 25 488 639 1,000 66.3% 52.7% 240 135 0 0 0 1H15 1H16 1H15 1H16 Wind & Solar Natural Gas Wind & Solar Power Natural Gas Gross Profit Margin Power Operatin

  17. Slide 17: Wind & Solar Power Segment Financial Highlights

    Wind & Solar Power Segment Financial Highlights Revenue Gross Profit (Mil RMB) (Mil RMB) (Margin%) 1,000 994 750 638 80 804 488 500 60 250 60.6% 64.2% 500 0 40 1H15 1H16 1H15 1H16 Operating Profit EBITDA (1) (Mil RMB) (Margin%) (Mil RMB) (Margin%) 700 616 80 1,000 938 100 456 743 62.0% 350 56.7% 60

  18. Slide 18: Analysis of Wind & Solar Power Segment Net Profit

    Analysis of Wind & Solar Power Segment Net Profit (Mil RMB) 450 400 -34 -11 +4 -25 +5 350 +189 300 250 200 361 150 233 100 50 0 1H15 NPAT Increase in Increase in Decrease in Asso Decrease in Increase in Net increase in 1H16 NPAT Sales of Electricity DD&A Profit Contribution Finance Cost Income Tax O

  19. Slide 19: Natural Gas Segment Financial Highlights

    Natural Gas Segment Financial Highlights Revenue Gross Profit (Mil RMB) (Mil RMB) (Margin%) 2,000 400 30 1,585 1,107 240 1,000 200 135 15 15.1% 12.2% 0 0 0 1H15 1H16 1H15 1H16 Operating Profit EBITDA (1) (Mil RMB) (Margin%) (Mil RMB) (Margin%) 300 20 300 243 30 202 135 150 94 10 150 15 12.7% 15.3% 8

  20. Slide 20: Analysis of Natural Gas Segment Net Profit

    Analysis of Natural Gas Segment Net Profit (Mil RMB) 500 400 300 200 100 -480 +373 139 +26 -18 -2 -1 +2 41 0 1H15 NPAT Decrease in Decrease in Decrease in Decreasein Decrease in Decrease in Profit Net Loss from 1H16 NPAT (100) Revenue COGS DD&A Finance Cost Income Tax Contribution from Other Income

  21. Slide 21: Capital Structure

    Capital Structure Total Liabilities／Total Asset 1H16 Net Borrowing Breakdown (%) (Mil RMB) 70 66.7 17,500 14,000 2,316 61.4 10,500 12,702 7,000 13,748 3,500 3,362 0 50 Short-term Long-term Cash Net Debts 1H15 1H16 borrowings borrowings Interest Coverage（EBITDA/Finance Cost） Net Debts/EBITDA (x) (x)

  22. Slide 22: 4. 2H16 Outlook

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  23. Slide 23: Prospects For The 2H16

    Prospects For The 2H16 Although the economics in China remain stable in 1H16, both domestic and foreign environment were still complicated and pressure from economic downturn was still high. Being affected by the constraints of such as resource and environmental policies, there are increasing potent

  24. Slide 24: China Suntien Green Energy Corporation Limited

    an RGR BER ARIS FRA A China Suntien Green Energy Corporation Limited

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