Slide 1: Annual Results 2006
—— __ MAZRBARAA en Bl 32 nws Holdings Limited Annual Results 2006 fe FF caringeompany™ 0 Awerded ye Flere reso Soc Secs teh
Slide 2: New World Group Structure
New World Group Structure 新世界發展有限公司 New World Development Company Limited (香港股份代號: 0017) (HK stock code: 0017) 55% 70% 58% 新創建集團 新世界中國地產 新世界移動 有限公司 有限公司 控股有限公司 NWS Holdings Limited New World China New World Mobile Land Limited Holdings Limited (香港股份代號: 0917) (香港股份代號: 0862) (香港股份代號: 0659) (HK stock c
Slide 3: NWSH Corporate Structure
NWSH Corporate Structure Infrastructure Service & Rental 基建 服務及租務 Energy Facilities Rental 能源 設施租務 Roads Contracting 道路 建築機電 Water Transport 水務 交通運輸 Ports Others 港口 其他 2
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights For the year ended 2006 2005 Change 30 June (HK$’m) (HK$’m) + / (-)% Turnover 12,543.9 10,286.1 22 AOP 1,937.6 1,411.9 37 Profit attributable to 1,656.6 2,886.1 (43)* shareholders Earnings per share HK$0.89 HK$1.60 (44) Dividend per share HK$0.44 HK$0.80 (45) Divide
Slide 6: Strong Financial Position
Strong Financial Position Net Debt 6.9 (HK$ billion) 4.6 2.3 2.0 Jun 03 Jun 04 Jun 05 Jun 06 Gearing ratio: 13% (30 June 2005: 17%) Cash on hand: HK$2.5 billion (2005: HK$3.6 billion) 5
Slide 7: AOP Mix (for the year ended 30 June)
AOP Mix (for the year ended 30 June) (HK$’m) By Division By Region 2,000 1,938 2,000 1,938 1,600 1,600 38% 1,412 42% 1,412 739 822 29% 33% 1,200 1,200 404 464 11% 208 9% 129 800 58% 800 71% 51% 1,116 58% 400 1,008 400 991 819 0 0 2005 2006 2005 2006 Hong Kong Service & Rental Macau Infrastructure Ma
Slide 8: AOP by Segment
AOP by Segment For the year ended 2006 2005 Change % 30 June (HK$’m) (HK$’m) Fav./(Unfav.) Infrastructure Energy 487.8 489.9 - Roads 469.1 372.3 26 Water 87.4 80.6 8 Ports 71.7 64.8 11 1,116.0 1,007.6 11 Service & Rental Facilities Rental 390.7 384.0 2 Contracting 163.0 (252.7) 165 Transport 85.6 64
Slide 9: AOP - Contribution by Segment
AOP - Contribution by Segment For the year ended 2006 % of total 30 June (HK$’m) AOP Energy 487.8 25 Roads 469.1 24 Facilities Rental 390.7 20 Contracting 163.0 9 Water 87.4 5 Transport 85.6 4 Ports 71.7 4 Others 182.3 9 TOTAL 1,937.6 100 8
Slide 10: EBITDA (for the year ended 30 June)
EBITDA (for the year ended 30 June) HK$’m 1,400 1,306 1,200 1,066 987 1,000 800 552 600 400 200 0 2005 2006 Infrastructure Service & Rental 9
Slide 11: Infrastructure
Slide 12: Infrastructure
3 power plants in Mainland Infrastructure Energy China and Macau 18 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
Slide 13: AOP - Infrastructure
AOP - Infrastructure For the year ended 2006 2005 Change % 30 June (HK$’m) (HK$’m) Fav./(Unfav.) Energy 487.8 489.9 - Roads 469.1 372.3 26 Water 87.4 80.6 8 Ports 71.7 64.8 11 TOTAL 1,116.0 1,007.6 11 12
Slide 14: Energy
Energy ¾ Steady AOP ¾ Zhujiang Power Phase I and II (珠江電廠第一及第二期) combined sales volume increased by 1% ¾ Macau Power (澳門電力) recorded 11% increase in sales volume ¾ Strong GDP growth in Guangdong Province and Macau boosts demand for electricity 13
Slide 15: Electricity Sales Growth
Electricity Sales Growth Zhujiang Power Station - Phases I & II Macau Power (珠江電廠第一及第二期) (澳門電力) GWh 2,300 GWh 2,100 8,000 1,900 7,000 1,700 6,000 1,500 2004 2005 2006 2004 2005 2006 14
Slide 16: Roads
Roads ¾ AOP up 26%: Pearl River Delta projects performed remarkably ¾ Guangzhou City Northern Ring Road (廣州市北環高速公路) : Traffic volume increased by 13% to 143,134 vehicles/day ¾ Shenzhen-Huizhou Roadway and Expressway (Huizhou Section) (深圳惠州公路及高速公路 - 惠州段) combined traffic flow increased by 14% to 30,6
Slide 17: New Guangzhou Baiyun International Airport and Railway Station
廣州新白雲國際機場 New Guangzhou Baiyun International Airport 廣州新火車客運站 the new Guangzhou Railway Station 16
Slide 18: Water
Water ¾ AOP increased by 8% ¾ Macau Water Plant (澳門水廠) sales volume up 6% ¾ Chongqing Water Plant (重慶水廠) sales volume up 14% ¾ Shanghai SCIP Waste Incineration Plant (上海化學工業 區廢料焚化處理廠) commenced operation in August 2006 ¾ Formed a strategic partnership with Chongqing Water Group and secured a waste w
Slide 19: Ports
Ports ¾ AOP up 11% ¾ Xiamen New World Xiangyu Terminals (廈門象嶼新創建 碼頭): throughput increased by 16% to 736,000 TEUs ¾ Tianjin Orient Container Terminals (天津東方海陸集裝箱 碼頭) throughput grew by 5% to 1.15 million TEUs ¾ Tianjin Five Continents International Container Terminal (天津五洲國際集裝箱碼頭) handled 831,000 TE
Slide 20: Service & Rental
Slide 21: AOP – Service & Rental
AOP – Service & Rental For the year ended 2006 2005 Change % 30 June (HK$’m) (HK$’m) Fav./(Unfav.) Facilities Rental 390.7 384.0 2 Contracting 163.0 (252.7) 165 Transport 85.6 64.4 33 Others 182.3 208.6 (13) TOTAL 821.6 404.3 103 20
Slide 22: Facilities Rental
Facilities Rental Both HKCEC and ATL achieved solid results with strong recurring cash flow ¾ HKCEC Atrium extension: Construction started in August 2006 and expected to complete by early 2009 Exhibition space increases by 30% to 83,400 sq m ¾ Formed a JV to manage Zhengzhou International Conven
Slide 23: Contracting
Contracting ¾ Achieved profit: HK$163 million (FY2005 loss HK$252.7 million) ¾ Contract-on-hand: HK$29 billion as at 31 August 2006 Included HK$11 billion contracts from Macau with higher margin 22
Slide 24: Latest Mega-sized Contracts Secured in Macau
Latest Mega-sized Contracts Secured in Macau Projects Target Completion - MGM Grand Paradise (美高梅酒店) July 2007 - Grand Lisboa Hotel and Casino (新葡京賭場酒店) Dec 2007 - A commercial / residential development Jan 2009 - Arc de Triomphe (凱旋門發展項目) Jan 2009 Total Contract Sum : HK$11 billion 23
Slide 25: Transport
Transport ¾ AOP increase due to impairment provision made in FY2005 and none in FY2006 ¾ Operating environment remains tough ¾ Surge of fuel cost hindered profitability ¾ Local bus business AOP dropped by 12% ¾ Local ferry business recorded operating loss of HK$3.5 million despite fare rise ¾ Steady
Slide 26: Others
Others ¾ Stable cash and profit contribution from other businesses Duty Free Sales Financial Services Property Management Cleaning & Guarding ¾ Won the 5-year duty free concession at Lok Ma Chau Spur Line from 2007 25
Slide 27: Hunghom Peninsula Property Project
Hunghom Peninsula Property Project 50/50 JV with Sun Hung Kai Properties Residential GFA 1.55 million sq ft Renovate residential units Clubhouse is being built Sales launch in 2007 26
Slide 28: China Rail Container Terminals Project
China Rail Container Terminals Project ¾ JV agreement concluded in September 2006. NWSH shareholding 22% ¾ Total Investment RMB12 billion with 35% registered capital of RMB4.2 billion, remaining 65% to be financed by bank loans ¾ 18 pivotal rail container terminals in 18 major cities to be built in
Slide 29: Corporate Strategies & Objectives
Corporate Strategies & Objectives ¾ Continue to pursue 3 corporate objectives Seek long-term growth in core businesses Maintain a stable dividend policy and enhance shareholder value Maintain optimal capital structure ¾ Actively look for infrastructure business opportunities Logistics and en
Slide 30: Achievements
Achievements NWS Holdings Limited • IR Magazine Hong Kong and Taiwan Awards 2005 • Asia Pacific PR Awards 2005 • The 7th China Golden Awards for Excellence in Public Relations • International ARC Awards Hong Kong Convention • 16th TTG Travel Awards – Best Convention & and Exhibition Centre Exhibitio
Slide 31: Responsible Corporate Citizen
Responsible Corporate Citizen 30
Slide 32: —— __ MAZRBARAA
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