Tianjin Port Development Holdings Limited · HKEX:3382
Tianjin Port Development — H1 2010 Earnings Presentation
21 slides from Tianjin Port Development's earnings presentation, August 2010
Slide 1: Corporate Presentation
Corporate Presentation August 2010
Slide 2: Table of Contents
2 Table of Contents Section 1：China’s Port Industry Section 2：Tianjin Port Development in 1H2010 Section 3：Looking Forward
Slide 3: Section 1: China's Port Industry
3 Section 1：China’s Port Industry
Slide 4: China Ports Growth Returned
4 China Ports Growth Returned China’s Foreign Trade Value Rebound in 1H2010 Trade value grew yoy by 43.1% in 1H2010 to US$1,355 billion Throughput at major ports in China in 1H2010 was 69 million TEUs and 3,896 million tonnes China Total Trade Values Throughput at Major Ports in China 09) CAGR (
Slide 5: Port of Tianjin Maintained Steady Growth
5 Port of Tianjin Maintained Steady Growth Total Cargo Throughput of China Major Ports(Note) (1H2010) Million 350.0 319.0 279.5 tonnes 300.0 250.0 198.0 194.5 200.0 171.5 157.7 152.9 133.0 150.0 100.0 50.0 - Ningbo- Shanghai Tianjin Guangzhou Qingdao Dalian Suzhou Qinhuangdao Zhoushan Container Thro
Slide 6: Section 2: Tianjin Port Development in 1H2010
6 Section 2：Tianjin Port Development in 1H2010
Slide 7: Corporate Structure
7 Corporate Structure Tianjin Development Tianjin Port Group Public (00882.HK) 53.5% 21.2%(1) 25.3% Tianjin Port Development (03382.HK) 56.81% Tianjin Port Co (600717.SH) 7 container operating units with a total capacity of 12 million TEUs 14 non-containerised cargo operating units, including pr
Slide 8: Performance Summary
8 Performance Summary Total container throughput increased 13.4% to 4.7 million TEUs Total non-containerised cargo throughput grew 6.2% to 111.6 million tonnes Revenue grew 30.1% to HK$7,045.9 million Recurring operating profit margin(1) at 12.9% Profit of HK$271.1million, representing 25.
Slide 9: Strong Earnings Growth
9 Strong Earnings Growth Income Statement Change vs HK$ million 1H2010 1H2009 Revenue 7,045.9 +30.1% - cargo handling 2,592.8 +13.1% - sales 3,596.0 +48.3% - other ancillary services 857.1 +22.4% Recurring operating profit margin (1) 12.9% -0.6 ppt. Note 1. Excluding gain on disposal of group compan
Slide 10: Cargo Handling Business
10 Cargo Handling Business Non-containerised Cargo Handling Change vs 1H2010 1H2009 Throughput, total (million tonnes) 111.6 +6.2% Throughput, consolidated basis (million tonnes) 98.4 +5.1% Revenue (HK$ million) 1,901.4 +7.5% Average Unit Price (HK$) 19.3 +2.2% Major cargo types recorded encouragi
Slide 11: Cargo Handling Business
11 Cargo Handling Business Container Handling Change vs 1H2010 1H2009 Throughput, total (million TEUs) 4.7 +13.4% Throughput, consolidated basis (million TEUs) 2.7 +20.8% Revenue (HK$ million) 691.4 +32.0% Average Unit Price (HK$) 254.9 +9.3% Consolidated throughput increased by 20.8% mainly due t
Slide 12: Sales Business
12 Sales Business Change vs 1H2010 1H2009 Revenue (HK$ million) 3,596.0 +48.3% Mainly engaged in supply of fuel to arriving vessels, sales of steel and other materials. Revenue grew due to increase in oil price and trade volume of material.
Slide 13: Other Businesses
13 Other Businesses Change vs 1H2010 1H2009 Revenue (HK$ million) 857.1 +22.4% Other businesses include tugboat services, agency services, tallying and other port ancillary services In terms of volume, tugboat service grew 14.6%, shipping agency service grew 5.7%, cargo agency service grew 22.7%
Slide 14: Healthy Asset Base & Operating Cash Flow
14 Healthy Asset Base & Operating Cash Flow Balance Sheet Change vs. HK$ million 30/06/10 31/12/09 Total Assets 30,836 +3.6% Total Equity 17,162 -5.6% Net Asset Per Share (HK $) 1.4 -12.5% Total Borrowings 10,095 +19.6% Gearing (%) (1) 58.8% +12.4ppt Cash Flow HK$ million 1H2010 Net cash from operat
Slide 15: Section 3: Looking Forward
15 Section 3：Looking Forward
Slide 16: Landmark Transaction
16 Landmark Transaction The acquisition of a 56.81% stake in Tianjin Port Co (an A-share listed company) for HK$10.96 billion was completed in February 2010 The enlarged Group integrates all the listed quality assets within the port of Tianjin, leading to a more diversified business structure an
Slide 17: The port of Tianjin – the Pearl of Bohai Bay
17 The port of Tianjin – the Pearl of Bohai Bay The port of Tianjin – Largest artificial port and important international trading port in PRC ― Total area: approximately 200 km2 Xinjiang ― Land area: approximately 47 km2 Inner Mongolia Beijing Hebei Ningxia Tianjin Vast economic hinterland: 14 p
Slide 18: Tianjin Binhai New Area
18 Tianjin Binhai New Area Located at the east coast of Tianjin, in the centre of the Bohai Rim Region with a planned area of Tianjin Binhai New Area 2,270 square kilometres and a coastline of 153 kilometres Designated under the 11th Five Year Plan to become a key regional economic growth driver
Slide 19: Investment Highlights
19 Investment Highlights Binhai Coastal Area: the focus of China’s economic development Strategic location at Bohai Bay Rapidly developing hinterland The largest port in North Dominant position at China and the largest the port of Tianjin single-location port with unparalleled listed in Hong Kong co
Slide 20: Q & A
20 Q&A www.tianjinportdev.com
Slide 21: Forward Looking Statements
21 Forward Looking Statements This presentation and subsequent discussion may contain certain forward- looking statements with respect to the financial condition, results of operations and business of Tianjin Port Development. These forward- looking statements represent Tianjin Port Development’s
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