China Communications Construction Co. Ltd. Class A · SSE:601800

China Communications Construction Co. Ltd. Class A — H1 2014 Earnings Presentation

22 slides from China Communications Construction Co. Ltd. Class A's earnings presentation, 2014

  1. Slide 1: 2014 Interim Results Presentation

    01800.HK 2014 Interim Results Presentation

  2. Slide 2: Disclaimer

    Disclaimer  This document has been prepared by China Communications Construction Company Limited ("CCCC“ or the “the Company”) solely for use at the 2014 interim results announcement presentation. Copying or redistribution of this document to any person is strictly prohibited. The distribution of t

  3. Slide 3: Financial Summary

    Financial Summary Six Months Ended RMB million (except per share data) 2014-6-30 2013-6-30 Change (Unaudited) (Unaudited/Restated) Revenue 158,561 141,037 12.4% Gross Profit 16,636 14,256 16.7% EBITDA1 14,567 12,750 14.3% Operating Profit 10,864 8,969 21.1% Profit before income tax 7,776 7,218 7.7%

  4. Slide 4: New Contracts and Backlog by Business Segments

    New Contracts and Backlog by Business Segments New Contracts Backlog Growth rate = 3.9% Growth rate =10.6% 300,000 279,631 800,000 766,906 1,878 738,055 638 15,856 21,959 252,917 19,026 18 27,999 173 12,868 250,000 700,000 29,760 35,845 13,401 13,478 35,545 18,101 12,920 600,000 200,000 500,000 (RMB

  5. Slide 5: New Contracts of Infrastructure Construction Business

    New Contracts of Infrastructure Construction Business New Contracts of Infrastructure 2014 2009 1H 2013 2010 1H Change 变化(%) Construction Business (2014 1H) RMB % of RMB % of RMB Growth million total million total million Domestic 180,508 76.6% 176,582 84.8% 3,926 2.2% Construction Port Construction

  6. Slide 6: Contribution by Business Segments - Revenue

    Contribution by Business Segments - Revenue Revenue (2014 1H) 1 2014 2009 1H 2013 2010 1H Change 变化(%) RMB % of RMB % of RMB Business Growth million total million total million Heavy Infrastructure Others 128,854 78.8% 111,514 76.9% 17,340 15.5% Machinery 1.6% Construction Manufacturing Dredging 6.7

  7. Slide 7: Contribution by Business Segments – Segment Result

    Contribution by Business Segments – Segment Result Segment Result (2014 1H) 1,2 2014 2009 1H 2013 2010 1H Change 变化(%) RMB % of RMB % of RMB Business Growth million total million total million Heavy Machinery Infrastructure Manufacturing Others 7,870 71.6% 5,990 65.7% 1,880 31.4% 0.0% Construction 9

  8. Slide 8: Operating Cost Structure

    Operating Cost Structure Cost Breakdown (2014 1H) Cost Structure (2014 1H) As % of operating costs1 As % of sales 94.3% 93.7% Others 100% 16.5% 15.0% 15.5% Raw materials and consumables used 80% 2.6% 2.4% Business tax and other 4.4% 4.4% transaction taxes 31.7% 9.6% 9.6% 2.6% 60% Rentals 30.1% 32.1%

  9. Slide 9: Infrastructure Construction – Business Performance

    Infrastructure Construction – Business Performance Completed projects with RMB 128,854 million of contract value Key Projects Outer-ring Expressway project in Sri Nan’ao Cross-sea Bridge Lanka New Contracts Backlog Growth rate = 13.1% Growth rate = 4.1% 300,000 800,000 New 235,551 653,706 680,465 Co

  10. Slide 10: Infrastructure Construction – Financial Performance

    Infrastructure Construction – Financial Performance Revenue1 Gross Profit1 Growth rate = 20.4% Growth rate = 15.5% 9.1% 150,000 15,000 8.7% 128,854 9.0% 111,514 11,745 9,757 (RMB million) (RMB million) 100,000 10,000 6.0% 50,000 5,000 3.0% 0 0 0.0% 2013-6-30 2014-6-30 2013-6-30 2014-6-30 Gross profi

  11. Slide 11: Infrastructure Design – Business Performance

    Infrastructure Design – Business Performance Completed projects with RMB 7,879 million of contract value Key Projects Quanzhou Bay Cross-sea Bridge Liberia’s Terminal project of Bong Iron Ore Mine New Contracts Backlog Growth rate = 4.3% Growth rate = 0.8% 15,000 13,478 40,000 New 12,920 35,545 35,8

  12. Slide 12: Infrastructure Design – Financial Performance

    Infrastructure Design – Financial Performance Revenue1 Gross Profit1 Growth rate = 1.8% Growth rate = -2.7% 10,000 3,000 23.1% 22.1% 7,737 7,879 7,500 20.0% 1,790 (RMB million) (RMB million) 2,000 1,742 5,000 10.0% 1,000 2,500 0 0 0.0% 2013-6-30 2014-6-30 2013-6-30 2014-6-30 Gross profit Gross profi

  13. Slide 13: Dredging - Business Performance

    Dredging - Business Performance Completed projects with RMB 13,172 million of contract value Key Projects Compound Sea-route in Tianjin Port Shantou preliminary land development project New Contracts Backlog Growth rate = -28.9% Growth rate = -5.9% New 29,760 27,999 20,000 18,101 30,000 Contracts an

  14. Slide 14: Dredging – Financial Performance

    Dredging – Financial Performance Revenue1 Gross Profit1 Growth rate = -4.9% Growth rate = -12.9% 15,000 13,847 3,000 14.2% 15.0% 13,172 13.0% 1,968 (RMB million) (RMB million) 10,000 2,000 1,715 10.0% 5,000 1,000 5.0% 0 0 0.0% 2013-6-30 2014-6-30 2013-6-30 2014-6-30 Gross profit Gross profit margin

  15. Slide 15: Heavy Machinery Manufacturing - Business Performance

    Heavy Machinery Manufacturing - Business Performance Completed projects with RMB 10,923 million of contract value Key Projects Java Star 2,300 feet Self-elevating drilling 3,000 ton shallow pipe-laying vessel platform New Contracts Backlog Growth rate = 15.4% Growth rate = 18.3% New 20,000 25,000 21

  16. Slide 16: Heavy Machinery Manufacturing – Financial Performance

    Heavy Machinery Manufacturing – Financial Performance Revenue1 Gross Profit1 Growth rate = 1.2% Growth rate = 85.0% 12.0% 15,000 12.0% 10,797 10,923 1,800 (RMB million) (RMB million) 10,000 1,306 6.5% 8.0% 1,200 706 5,000 600 4.0% 0 0 0.0% 2013-6-30 2014-6-30 2013-6-30 2014-6-30 Gross profit Gross p

  17. Slide 17: Capital Expenditure

    Capital Expenditure Capital expenditure  Mainly used in investments (RMB Million) Infrastructure in BOT projects, acquisition 23,141 Construction of subsidiaries, purchases Growth rate = 168.8% 7 Business of machinery, equipment and vessels 2,038 Infrastructure  Mainly used in the purchase Design

  18. Slide 18: Summary Income Statement Data

    Summary Income Statement Data Revenue Gross Profit Growth rate = 12.4% Growth rate = 16.7% 200,000 158,561 10.5% 20,000 10.1% 150,000 141,037 16,636 (RMB million) 14,256 8.0% (RMB million) 15,000 100,000 10,000 4.0% 50,000 5,000 0 0 0.0% 2013-6-30 2014-6-30 2013-6-30 2014-6-30 Gross profit Gross pro

  19. Slide 19: Summary Balance Sheet Data

    Summary Balance Sheet Data RMB millions As at 2014-6-30 As at 2013-12-31 Change Non-Current Assets 232,905 198,592 17.3% Property, plant and equipment 59,692 55,619 7.3% Intangible assets 68,921 54,592 26.2% Available-for-sale financial assets 13,345 13,913 (4.1%) Trade and other receivables 68,721

  20. Slide 20: Summary Balance Sheet Data

    Summary Balance Sheet Data Total Liabilities/Total Assets Total Liabilities/Net Assets 100% 500% 442.0% 79.7% 81.5% 393.6% 80% 400% 60% 300% 40% 200% 20% 100% 0% 0% 2013-12-31 2014-6-30 2013-12-31 2014-6-30 Total Debt/Total Capitalization1 Net Debt/Net Assets 150.0% 148.3% 80% 68.3% 64.1% 100.9% 60%

  21. Slide 21: Summary Cash Flow Statement Data

    Summary Cash Flow Statement Data Cash Flow from Operating Activities Cash Flow from Investing Activities 0 -5,000 (RMB million) -5,000 (RMB million) -15,000 -10,000 -17,869 (10,622) -25,000 -15,000 -26,000 (17,522) -35,000 -20,000 2013-6-30 2014-6-30 2013-6-30 2014-6-30 REMARKS  Net cash used in op

  22. Slide 22: Thank You

    Thank You Investor Relations Team YU Jingjing, TAN Lu, ZHAO Yang Tel: +86-10-8201 6562 Fax: +86-10-8201 6524 Email: ir@ccccltd.cn

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