Ctf Services Limited · HKEX:659

Ctf Services — NWS Holdings — H1 2005/06 Earnings Presentation

28 slides from Ctf Services's earnings presentation, Mar 13, 2006

  1. Slide 1: Interim Results 2005/06

    = _ AZM ARAA 1 Bll 3 NWS Holdings Limited Sustaining growth _ building value

  2. Slide 2: New World Group Structure

    New World Group Structure New World Development Company Limited ( : 0017) (HK Stock code: 0017) 55% 71% 58% NWS Holdings Limited New World China New World Mobile Land Limited Holdings Limited ( : 0917) 0862 ( : 0659) (HK stock code: 0917) (HK stock code: 0862) (HK stock code: 0659) 1

  3. Slide 3: NWSH Corporate Structure

    NWSH Corporate Structure Infrastructure Service & Rental Energy Facilities Rental Roads Contracting 路 Water Transport Ports Others 2

  4. Slide 4: Financial Highlights

    — 2 “FANE Financial Highlights

  5. Slide 5: Consolidated Financial Highlights

    Consolidated Financial Highlights For the six months 2005 2004 YoY ended 31 Dec (HK$’m) (HK$’m) Growth Turnover 5,753.7 5,132.4 Ç 12% AOP 1,024.4 838.9 Ç 22% Profit attributable to shareholders 909.0 867.6 Ç 5% Earnings per share HK$0.50 HK$0.48 Ç 4% Dividend per share HK$0.24 HK$0.18 Ç 33% Dividend

  6. Slide 6: Strong Financial Position

    Strong Financial Position 8.7 Net Debt (HK$ billion) 7.0 4.7 2.0 Feb 03 Dec 03 Dec 04 Dec 05 ƒ Cash on hand: HK$3.0 billion (30 June 2005: HK$3.6 billion) ƒ Gearing ratio* : 14% (30 June 2005: 17%) * 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 1,024.4 1,024.4 1,000 1,000 838.9 397.1 838.9 359.2 800 229.9 39% 800 35% 276.7 27% 33% 600 600 627.3 665.2 400 609.0 400 562.2 61% 65% 73% 67% 200 200 0 0 2004 2005 2004 2005 Service & Rental Hong Kong Infrastructure Mainland C

  8. Slide 8: EBITDA (for the six months ended 31 Dec)

    EBITDA (for the six months ended 31 Dec) HK$’m 700 632.1 632.6 600 490.9 500 400 321.6 300 200 100 0 2004 2005 Infrastructure Service & Rental 7

  9. Slide 9: 1H 2006 Financial Achievements

    1H 2006 Financial Achievements ¾ Solid turnover growth ¾ Impressive AOP increase ¾ Continuously decreasing net debt ¾ Solid capital structure ¾ Strong cash flow 8

  10. Slide 10: Infrastructure

    Infrastructure

  11. Slide 11: Infrastructure

    3 power plants in Mainland Infrastructure Energy China and Macau 19 road and bridge projects in Guangdong, Guangxi, Shanxi, Tianjin and Wuhan; Roads and one tunnel project in Hong Kong 19 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 2005 2004 Change ended 31 Dec (HK$’m) (HK$’m) + / (-) % Energy 299.4 306.8 (2) Roads 238.7 192.0 24 Water 51.2 44.8 14 Ports 38.0 65.4 (42) TOTAL 627.3 609.0 3 11

  13. Slide 13: Energy

    Energy ¾ AOP decreased by 2% ¾ Zhujiang Power Phase I and II ( ) combined sales volume increased by 2% ¾ Macau Power ( 力) recorded 10% increase in sales volume ¾ Strong GDP growth in Mainland China and Macau boosts demand for electricity 12

  14. Slide 14: Roads

    Roads ¾ AOP up 24%: Pearl River Delta projects performed remarkably ¾ Beijing Zhuhai Expressway (Guangzhou-Zhuhai Northern Section) ( 路( 北 )) commenced operation in December 2005 ¾ Gain on disposal of interests in Roadway No.1906 - Qingcheng Section (1906 路– ): HK$66 million 13

  15. Slide 15: Stable Growth of Average Daily Traffic

    Stable Growth of Average Daily Traffic No. of vehicles 160,000 +10% 140,000 Jul- Dec 2004 120,000 Jul- Dec 2005 100,000 80,000 +7% +13% 60,000 +12% 40,000 20,000 0 Guangzhou City Section 1 Section 2 Shenzhen-Huizhou Northern Ring Beijing-Zhuhai Expressway Roadway and Road (Guangzhou-Zhuhai Section)

  16. Slide 16: Pearl River Delta Expressways Network

    RIL = iN RO Pearl River Delta Expressways Network aa) Ye Zl ss Pt AD PONTE SMB hy! Pe KUL : WO. Guangzhou Huadu Airport =... on angzbou Huada Aiport Y ayeee ax one ‘7 ane

  17. Slide 17: Water

    Water ¾ AOP increased by 14% ¾ Macau Water Plant ( ) sales volume up 5% ¾ Chongqing Water Plant ( ) recorded impressive performance ¾ Shanghai SCIP Waste Incineration Plant ( 料 理 ) will operate in 2nd half of 2006 ¾ 2nd phase expansion in Chongqing and Qingdao water treatment plants will commence op

  18. Slide 18: Ports

    Ports ¾ Xiamen New World Xiangyu Terminals ( ): AOP and throughput increased by 49% and 19% respectively ¾ Tianjin Orient Container Terminals ( 陸 ): Throughput grew by 1% but profit dropped due to cessation of coal handling ¾ Feasibility study carried out for the rail container terminal in Mainland

  19. Slide 19: Service & Rental

    Service & Rental

  20. Slide 20: AOP – Service & Rental

    AOP – Service & Rental For the six months 2005 2004 Change ended 31 Dec (HK$’m) (HK$’m) + / (-) % Facilities Rental 205.3 220.3 (7) Contracting 73.5 (135.8) 154 Transport 37.4 46.4 (19) Others 80.9 99.0 (18) TOTAL 397.1 229.9 73 19

  21. Slide 21: Facilities Rental

    Facilities Rental ¾ AOP decreased by 7% ¾ ATL maintained high occupancy rate of 96% ¾ HKCEC provides steady income and solid contributions ¾ HKCEC Atrium Link Extension: ƒ Expected to commence in 4Q 2006 and complete by 2009 ƒ Exhibition space increases by 30% 20

  22. Slide 22: Contracting

    Contracting ¾ Returned to profit: HK$73.5 million (1H 2005 HK$136 million loss) ¾ Construction contract-on-hand: HK$21 billion, including HK$7 billion from Macau ¾ Continue to secure new contracts in Macau and Mainland China 21

  23. Slide 23: Transport

    Transport ¾ AOP declined by 19% due to surge of fuel cost and increase in interest rate ¾ NWFB & Citybus continue to enhance operational efficiency by route rationalization ¾ Kunming New World First Bus ( ) attained stable income with passenger volume increased by 7% ¾ NWFF attained fare increase by

  24. Slide 24: Others

    Others ¾ Stable cash and profit contribution from other businesses ƒ Property management ƒ Liquor and tobacco duty free sales ƒ Financial services ƒ Cleaning and guarding 23

  25. Slide 25: Corporate Strategies & Objectives

    Corporate Strategies & Objectives ¾ Continue to invest and sustain long-term growth ¾ Mainland China remains our primary focus of investments ¾ Continue to enhance shareholder value ¾ Uphold service excellence and corporate branding ¾ Enhance corporate governance and social responsibility 24

  26. Slide 26: Achievements

    Achievements ƒ Asia Pacific PR Awards 2005 (NWSH) ƒ Galaxy Awards 2005 & Mercury Awards 2004 (NWSH) ƒ Most Progress in Investor Relations 2005 (NWSH) ƒ Best Convention & Exhibition Centre 2005 (HKCEC) ƒ Top Ten Most Influential Enterprises in Mainland China’s Water Supply Industry 2005 (Sino French

  27. Slide 27: Responsible Corporate Citizen

    Responsible Corporate Citizen 26

  28. Slide 28: — _FMBZSBARA oe

    — _FMBZSBARA oe #h Bll 3 Nws Holdings lined caringeompany Sustaining growth building value

NWS Holdings — H1 2005/06 Earnings Presentation on 6ix