China Everbright Water Limited · SGX:U9E
China Everbright Water — Shareholder Meeting (June 2020)
31 slides from China Everbright Water's shareholder meeting presentation, Jun 10, 2020
Slide 1: FY2019 Annual General Meeting
(Incorporated in Bermuda with limited liability) (Stock Codes: U9E.SG, 1857.HK) FY2019 Annual General Meeting 10 June 2020 中国光大水务有限公司 China Everbright Water Limited
Slide 2: Forward-looking Statement
Forward-looking Statement This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of China Everbright Water Limited (“Everbright Water” or the “Company”, together with its subsidiaries, collectively the "
Slide 3: Agenda
Agenda 1 Financial Highlights 2 Business Review 3 Business Prospects 4 Q&A Session 5 AGM Resolutions
Slide 4: Financial Highlights
E takes Everbright Water
Slide 5: Financial Highlights – Steady Growth of Financial Performance
Financial Highlights – Steady Growth of Financial Performance Revenue Gross Profit HKD’000 HKD’000 5,550,773 1,892,441 17% 16% 4,768,318 1,623,778 2018 2019 2018 2019 Earnings before Interest, Taxes, Profit Attributable to Equity Holders Depreciation and Amortisation (EBITDA) of the Company HKD’000
Slide 6: Financial Highlights
Financial Highlights Full year ended 31 December (HKD’000) Change 2019 2018 Revenue 5,550,773 4,768,318 16% Gross Profit 1,892,441 1,623,778 17% Gross Profit Margin (%) 34 34 0ppt* EBITDA 1,647,064 1,432,579 15% Profit Attributable to Equity Holders 833,483 676,459 23% of the Company Basic Earnings
Slide 7: Financial Highlights
Financial Highlights As at As at As at As at (HKD’000) 31/12/2019 31/12/2018 31/12/2017 31/12/2016 Total Assets 22,683,031 19,584,389 18,047,919 14,081,232 Total Liabilities 13,134,279 10,920,692 9,506,114 6,889,530 Equity Attributable to Equity Holders of the 8,810,069 7,983,190 7,857,183 6,798,187
Slide 8: Financial Highlights
Financial Highlights As at As at (HKD’000) Change 31/12/2019 31/12/2018 Short-term Borrowings 2,010,556 2,160,400 (7%) Long-term Borrowings 7,069,140 5,440,376 30% Total Borrowings# 9,079,696 7,600,776 19% Current Ratio (%) 108 116 (8ppt*) Unutilised Banking Facilities 4,134,030 3,982,818 4% Bank De
Slide 9: Revenue Analysis by Categories
Financial Highlights Revenue Analysis by Categories for the Full Year (HKD’000) 3,007,524 1,547,984 2,709,369 796,192 1,237,671 199,073 720,714 100,564 2018 2019 2018 2019 2018 2019 2018 2019 Construction Service Operation Service Finance Income Construction Contract Revenue & Revenue Revenue Techni
Slide 10: Proportion of Revenue in Each Category
Financial Highlights Proportion of Revenue in Each Category for the Full Year Construction Contract Revenue Construction Contract Revenue & Technical Service Income & Technical Service Income Finance Income Finance Income 2% of total 4% of total 15% of total 14% of total 2018 2019 Operation Operatio
Slide 11: Business Review
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Slide 12: “Three” Records for Market Expansion in 2019
Business Review – “Three” Records for Market Expansion in 2019 • Secured 18 new projects and signed 1 supplementary agreement for existing project, commanding a total investment of approximately RMB4.743 billion. • Undertook 2 engineering, procurement and construction (“EPC”) projects and 1 operatio
Slide 13: Overview of New Projects in 2019
Business Review – Overview of New Projects in 2019 Liaoning Province 1.Dalian Zhuanghe WWT Project Phase II 2.Dalian Pulandian Reusable Water Project Shandong Province 1.Ji’nan East Station Area Underground WWT Project 2.Zibo Zhangdian East Chemical Industrial Park Industrial WWT Project Phase I 3.Z
Slide 14: Steady Growth of Business Scale in 2019
Business Review – Steady Growth of Business Scale in 2019 Business footprint spans across 10 provinces, Total project investment municipalities and autonomous regions in China of approximately Projects located in 50 districts, counties and cities across RMB23.5 billion 10 provinces, municipalities a
Slide 15: Dual Listing in Singapore and Hong Kong
Business Review – Dual Listing in Singapore and Hong Kong On 8 May 2019, Everbright Water became listed on the Main Board of The Stock Exchange of Hong Kong Limited, achieving dual listing status in Singapore and Hong Kong. Such listing status will help the Company to attract different investors, br
Slide 16: Smooth Progress in Construction Works in 2019
Business Review – Smooth Progress in Construction Works in 2019 18 projects • 11 WWT projects, 1 WWP project, 1 leachate 18 projects • 10 WWT projects, 3 WWP projects, 1 commenced treatment project, 2 reusable water projects, 1 completed leachate treatment project, 1 reusable construction sludge tre
Slide 17: Construction Work Progress for the Full Year
Business Review – Smooth Progress in Construction Works in 2019 Construction Work Progress for the Full Year Water treatment Water treatment (Number of projects) capacity Water capacity Water treatment 790,000 m3/day treatment 1,150,000 m3/day capacity Sludge treatment Water capacity 590,000 m3/day
Slide 18: Stable and Excellent Operations Management
Business Review – Stable and Excellent Operations Management in 2019 In 2019, Everbright Water’s projects treated approximately The Company’s trade receivables recovery rate increased 1.4 billion m3 of waste water, and supplied 17.65 million m3 in 2019. of reusable water, representing an increase of
Slide 19: Strong and Reliable Operations Management in 2019
Business Review – Strong and Reliable Operations Management in 2019 • The Company continuously maintained stable daily operation of projects and strict compliance with relevant standards, as well as optimising and adjusting its operational process, to develop a more robust long-term environmental ma
Slide 20: Technological Innovation-Driven Development
Business Review – Technological Innovation-Driven Development in 2019 The Company focused on technological research and development and acquisition of technologies, in the areas The Company proactively applied its such as advanced WWT, water research results and its in-house environment management a
Slide 21: New Projects Secured in 2020
Business Review – New Projects Secured in 2020 Since the beginning of 2020, the Company has secured 6 WWT projects, contributing additional water treatment capacity of 200,000 m3/day, further solidifying its market position in Jiangsu, Shandong and Liaoning provinces. Shandong Binzhou Development Zo
Slide 22: Business Prospects
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Slide 23: Prospects – Response to COVID-19
Business Prospects – Response to COVID-19 Before the Lunar New Year 2020, the novel coronavirus (“COVID-19”) spread widely in China. Facing the grim situation of COVID-19 outbreak, the Group: • has, in a timely manner, put in place numerous precautionary measures and procured essential protective su
Slide 24: Prospects – Industry Trends
Business Prospects – Industry Trends • The environmental protection enterprises have entered into a crucial stage – a stage that they must strive to provide high-quality ecological services and products to meet the growing demand for a better living environment, and a stage that they must have the c
Slide 25: Prospects – Development Strategies
Business Prospects – Development Strategies The water business platform of China Everbright Group Ltd., a large financial holdings group. A subsidiary of China Everbright International Limited, a leading player in China’s ecological and environmental protection sector. A listed company with dual lis
Slide 26: Prospects – Development Strategies
Business Prospects – Development Strategies Investment • Diversified, smooth and efficient channels for investment and financing. Dual • Healthy financial indicators and comparatively low financing cost. • Good and healthy relationship with the government authorities. Drivers • An efficient and prof
Slide 27: Q&A Session
E takes Everbright Water Q&A Session
Slide 28: AGM Resolutions
AGM Resolutions E takes Everbright Water
Slide 29: AGM Resolutions
AGM Resolutions • Resolution 1: To receive and consider the Directors’ Statement and Audited Financial Statements of the Company for the financial year ended 31 December 2019 and the Auditor’s Report thereon. • Resolution 2: To declare a final one-tier tax exempt dividend of 3.74 Hong Kong cents (eq
Slide 30: AGM Resolutions
AGM Resolutions • Resolution 5: To re-appoint Ernst & Young LLP as Auditor of the Company, to hold office until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration. • Resolution 6: Authority to allot and issue shares. • Resolution 7: Authority t
Slide 31: Thank You!
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China Everbright Water — Shareholder Meeting (June 2020) on 6ix