China Communications Construction Co. Ltd. Class A · SSE:601800
China Communications Construction Co. Ltd. Class A — FY2006 Earnings Presentation
27 slides from China Communications Construction Co. Ltd. Class A's earnings presentation, Apr 11, 2007
Slide 1: China Communications Construction Company Limited 2006 Annual Results Presentation
STRICTLY CONFIDENTIAL China Communications Construction Company Limited 2006 Annual Results Presentation 11 April 2007
Slide 2: Disclaimer
Disclaimer This document has been prepared by China Communications Construction Company Limited (the "CCCC“ or “Company”) solely for use at the results announcement presentation. Copying or redistribution of this document to any person is strictly prohibited. The distribution of this document in o
Slide 3: Senior Management
Senior Management Mr. ZHOU Jichang Chairman, Executive Director Mr. FU Junyuan Chief Financial Officer, Executive Director Mr. CHEN Yun Vice President Mr. LIU Wensheng Secretary of the Board, Chief Economist 2
Slide 4: Agenda
Agenda Agenda Presenter Performance Highlights Mr. FU Junyuan Financial Performance Mr. FU Junyuan 2007 Outlook Mr. FU Junyuan Mr. ZHOU Jicang, Mr. FU Junyuan, Q&A Mr. CHEN Yun and Mr. LIU Wensheng 3
Slide 5: Performance Highlights
SECTION 1 Performance Highlights
Slide 6: Financial Highlights
Financial Highlights Robust financial performance with net income up 45.8% RMB millions (except for per share data) 2006 2005 Change % Turnover 114,881 83,265 38.0% EBITDA 8,693 5,746 51.3% Operating Profit 6,488 3,809 70.3% Net Income 3,199 2,195 45.8% Diluted EPS 0.29 0.20 45.0% 5
Slide 7: Business Highlights
Business Highlights Strong and sustainable business growth New Contracts Backlog YoY increase = 44.1% YoY increase = 23.3% 154,957 153,936 160,000 160,000 125,649 120,000 106,841 120,000 99,260 RMB millions RMB millions 87,913 75,463 80,000 80,000 60,292 40,000 40,000 0 0 2003 2004 2005 2006 2003 20
Slide 8: Contribution by Segment
Contribution by Segment Turnover (2006) (1) Operation Profit (2006) (2) Infrastructure Infrastructure Other Design Other Design 4.4% 2.1% Infrastructure 4.7% 13.1% Construction Dredging 29.3% 9.0% Port Dredging Machinery 20.0% 16.4% Infrastructure Construction 65.5% Port Machinery 35.5% Infrastruc
Slide 9: Infrastructure Construction Business
Infrastructure Construction Business Completed projects with RMB76,220 million of contract value Ports Roads and Bridges Railways Business Hydraulic Construction for Qingdao International Sailboat Yangluo Bridge Wuhe Railway Center of the 29th Olympic Games Project New Contracts (RMB millions) Backl
Slide 10: Infrastructure Design Business
Infrastructure Design Business Completed projects with RMB5,502 million of contract value Ports Roads & Bridges Railways 100,000 tons container terminal Preliminary design for Nanjing Belt Feasibility study on Xi'an Baoji and large jetty in Gaolan harbor Highway of Hurong National Trunk passen
Slide 11: Dredging Business
Dredging Business Completed dredging volume of 428 million cubic meters, accounting for 80% of the total domestic coastal dredging volume Business Tangshan Caofeidian Steel “Xin Hai Long” Self-propelled trailing Reclamation Project hopper suction dredger New Contracts (RMB millions) Backlog（RMB mill
Slide 12: Port Machinery Manufacturing Business
Port Machinery Manufacturing Business ZPMC: Produced 261 units of quayside container cranes and 500 units of gantry container cranes in 2006, accounting for approximately 70% market share of the global large quayside cranes SPMP: Produced 138 units of products including quayside cranes and gantr
Slide 13: Distribution and Dividends
Distribution and Dividends Pursuant the regulations issued by the Ministry of Finance of the PRC, in Special November 2006, the Board declared and paid a special distribution to our Distribution promoter, China Communications Construction Group (Limited) (CCCG), in an aggregate amount of RMB1,556
Slide 14: Financial Performance
SECTION 2 Financial Performance
Slide 15: Summary Income Statement
Summary Income Statement RMB millions 2005-12-31 2006-12-31 Increase（%） Turnover 83,265 114,881 38.0 Gross profit 8,155 11,815 44.9 Operating profit 3,809 6,623 73.9 Profit before income tax 3,563 5,514 54.8 Income tax expense (592) 1,228 107.3 Profit for the year 2,971 4,286 44.3 Profit attributabl
Slide 16: Summary Balance Sheet
Summary Balance Sheet RMB millions 2005-12-31 2006-12-31 Increase（%） Non-Current Assets 25,202 37,910 50.4 Current Assets 53,857 89,042 65.3 Current Liabilities 57,222 75,470 31.9 Net Current Assets (3,365) 13,572 -503.3 Total Assets 79,059 126,952 60.6 Ow ner’s Equity 12,447 37,223 199.1 15
Slide 17: Summary Cash Flow Statement
Summary Cash Flow Statement RMB millions 2005-12-31 2006-12-31 Cash flow from operating activities 2,914 3,494 Cash flow from investing activities (4,942) (8,167) Cash flow from financing activities 2,884 24,741 Net increase/ decrease in cash and cash equivalents 856 20,068 Cash, cash equivalents at
Slide 18: Operating Cost Structure
Operating Cost Structure Improving Cost Structure Cost Breakdown (31 Dec 2006) As % of sales As % of operating costs (1) 95.7% 94.7% 17.20% 16.6% 16.3% 4.9% 4.3% 4.1% 3.1% 4.60% 8.7% 7.4% 40.70% 3.30% 23.0% 25.0% 7.90% 38.3% 38.6% 26.30% 2005 2006 Others Change in contract work-in-progress Equipment
Slide 19: Segment Turnover and Results: Infrastructure Construction
Segment Turnover and Results Infrastructure Construction Business Turnover Segment Result(1) RMB millions RMB millions 76,220 1,932 54,744 941 2005 2006 2005 2006 DRIVER RESULTS Higher demand for construction services Turnover grew 39.3% from 2005 to 2006 Growth of infrastructure spending by P
Slide 20: Segment Turnover and Results: Infrastructure Design
Segment Turnover and Results Infrastructure Design Business Turnover Segment Result(1) RMB millions RMB millions 863 5,502 4,441 716 2005 2006 2005 2006 DRIVER RESULTS Rise in aggregate value of contracts Turnover grew 23.9% from 2005 to 2006 Increase in comprehensive contracts Segment resul
Slide 21: Segment Turnover and Results: Dredging
Segment Turnover and Results Dredging Business Turnover Segment Result (1) RMB millions RMB millions 1,317 10,450 6,823 540 2005 2006 2005 2006 DRIVER RESULTS Increase port development activities and Turnover grew 53.2% from 2005 to 2006 market demand Segment result grew 143.9% from 2005 to
Slide 22: Segment Turnover and Results: Port Machinery Manufacturing
Segment Turnover and Results Port Machinery Manufacturing Business Turnover Segment Result(1) RMB millions RMB millions 19,028 2,339 13,947 1,577 2005 2006 2005 2006 DRIVER RESULTS Global container transportation and market Turnover grew 36.4% from 2005 to 2006 demand grows Segment result grew
Slide 23: Debt Profile
Debt Profile Total Debt/ Total Capitalization(1) Total Debt/EBITDA(2) 64.30% 3.9x 3.5x 45.20% 2005 2006 2005 2006 (1) Capitalization includes total borrowing, minority interest owner’s equity (2) Total debt includes short-term borrowing and long-term borrowing, EBITDA is earnings before interest, ta
Slide 24: Capital Expenditure
Capital Expenditure 8,496 RMB million Infrastructure Mainly used in construction of 100 Construction plants and purchase of Business equipment 3,241 5,328 121 Infrastructure 1,606 1293 Design Mainly used in [ ] 271 676 Business 186 3,591 2,739 2017 Dredging Mainly used in purchase and 691 Busi
Slide 25: 2007 Outlooks
SECTION 3 2007 Outlooks © Bee wis
Slide 26: 2007 Outlooks
2007 Outlooks Committed to maximizing its corporate value and to create shareholders superior value from outstanding results Capture CCCC’S Enhance leading growing position opportunities Delivering a service worthy of trust Innovating High quality returns profitability Strengthen model and corporate
Slide 27: Q&A
SECTION 4 Q&A © Eze eis
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