China Everbright Water Limited · SGX:U9E
China Everbright Water — Shareholder Meeting (April 2024)
32 slides from China Everbright Water's shareholder meeting presentation, Apr 25, 2024
Slide 1: Overseas Regulatory Announcement
Singapore Exchange Securities Trading Limited, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever
Slide 2: 2024 Annual General Meeting
2024 Annual General Meeting April 2024 China Everbright Water Limited
Slide 3: 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 4: Contents
Financial 01. Review Q&A O4. Session Contents Operating Business O02. Results 03. Prospects AGM O5. Resolutions VERBRIGHT WATER
Slide 5: Financial Review
E HAAS EVERBRIGHT WATER Financial Review
Slide 6: Financial Review
Financial Review Full Year Ended 31 December Year-on-Year (HK$’000) (“YoY”) 2023 2022 Change Revenue 6,704,684 6,727,967 (0.3%) Gross Profit 2,822,383 2,563,987 10% Gross Profit Margin (%) 42 38 4 ppt* EBITDA 2,469,511 2,180,523 13% Profit Attributable to Equity Holders of the Company 1,187,412 1,01
Slide 7: Financial Review
Financial Review As at As at (HK$’000) YoY Change 31/12/2023 31/12/2022 Total Assets 34,220,661 33,446,151 2% Total Liabilities 20,768,319 20,445,273 2% Equity Attributable to Equity Holders 11,406,121 10,967,490 4% of the Company Gearing Ratio (%) (total liabilities/total assets) 60.7 61.1 (0.4 ppt
Slide 8: Financial Review
Financial Review As at As at (HK$’000) YoY Change 31/12/2023 31/12/2022 Short-term Borrowings 4,606,893 5,686,435 (19%) Long-term Borrowings 10,798,480 9,575,700 13% Total Borrowings# 15,405,373 15,262,135 0.9% Current Ratio (%) 121 100 21 ppt* Unutilised Banking Facilities 1,603,579 3,893,924 (59%)
Slide 9: Financial Review: Revenue Analysis by Categories
Financial Review Revenue Analysis by Categories (HK$’000) for the Full-year Period 3,104,693 2,066,019 2,950,629 1,097,182 2,403,740 1,107,945 265,653436,790 2022 2023 2022 2023 2022 2023 2022 2023 Construction service revenue Operation income Finance income Construction contract revenue and technic
Slide 10: Financial Review
Financial Review Revenue EBITDA (HK$’000) CAGR*: 5% (HK$’000) CAGR*: 11% 6,912,371 6,727,967 6,704,684 5,550,773 5,663,292 2,469,511 2,245,235 2,180,523 1,647,064 1,931,379 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Profit Attributable to Equity Holders Basic Earnings per Share of the Company
Slide 11: Financial Review
Financial Review Total Assets Gearing Ratio (HK$’000) CAGR*: 11% 57.9% 57.6% 60.1% 61.1% 60.7% 32,969,256 33,446,151 34,220,661 26,907,534 22,683,031 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Equity Attributable to Equity Holders Return on Shareholders’ Equity of the Company (HK$’000) CAGR*:
Slide 12: Proportion of Revenue in Each Category 2019-2023
Financial Review Proportion of Revenue in Each Category from 2019-2023 60.0% 54.2% 49.4% 50.0% 46.3% 44.8% 43.9% 40.0% 36.5% 35.7% 32.2% 30.8% 27.9% 30.0% 20.0% 14.3% 16.0% 15.5% 16.5% 16.4% 10.0% 6.5% 3.6% 2.4% 3.2% 3.9% 0.0% 2019 2019年 2020 2020年 2021 2021年 2022 2022年 2023 2023年 建设服务收入 Constructio
Slide 13: Operating Results
E HAAS EVERBRIGHT WATER Operating Results
Slide 14: 2023 Operating Results – Solidifying Strengths and Breaking New Ground
2023 Operating Results – Solidifying Strengths and Breaking New Ground in Market Expansion In 2023, with a focus on the “water-related” business, Everbright Water solidified and enhanced its advantages in the traditional business and managed to achieve a balance between the asset-light and asset-hea
Slide 15: 2023 Operating Results – Steady Growth in Business Scale
2023 Operating Results – Steady Growth in Business Scale# Business footprint Total number of projects The Group has a business presence in 60 districts, The Group invested in and held 166 projects and counties and cities across 13 provinces, undertook 7 O&M projects, 3 EPCO projects, as municipaliti
Slide 16: 2023 Operating Results – Enhanced Proficiency and Efficiency of Operations Management
2023 Operating Results – Enhanced Proficiency and Efficiency of Operations Management In 2023, Everbright Water focused on energy saving, cost reduction, efficiency enhancement, and opened up new revenue sources through green measures, to reduce its costs and enhance the efficiency of its operations
Slide 17: 2023 Operating Results – Organised and Steady Construction Works
2023 Operating Results – Organised and Steady Construction Works In 2023, Everbright Water adhered to the principle of “Building for Use” by planning the progress of construction according to the operation needs, thereby enhancing the project construction capability and improving the quality of cons
Slide 18: 2023 Operating Results – Empowerment of Technological Innovation
2023 Operating Results – Empowerment of Technological Innovation In 2023, Everbright Water adhered to the philosophy of “Development Driven by Technological Innovation” and continued its effort on carrying out relevant works. Technology R&D Technological Processes Patents It initiated more than 10 r
Slide 19: 2023 Operating Results – Smooth and Solid Financing Channels
2023 Operating Results – Smooth and Solid Financing Channels Issuance of 2023 First Tranche Super & Issuance of 2023 First Tranche Short-term Commercial Papers Medium Term Notes (“MTNs”) Principal amount RMB1 billion Principal amount RMB1 billion Maturity period 180 days Maturity period 5 years * In
Slide 20: Operating Results since 2024 – Securing A New Project
Operating Results since 2024 – Securing A New Project Shandong Qingdao Zhangcun River Waste Water Treatment Plant Phase II and Phase I Upgrading Project With an investment of approx. RMB688 million, the project is invested in, constructed, operated and maintained based on the BOT (Build-Operate-Tran
Slide 21: Operating Results since 2024 – Diverse and Smooth Financing Channels
Operating Results since 2024 – Diverse and Smooth Financing Channels Since 2024, the Group completed the issuance of 2024 First Tranche MTNs and asset-backed securities (“ABS”), which were fully subscribed for by qualified institutional investors in mainland China, reflecting the market’s continued
Slide 22: Business Prospects
E HAAS EVERBRIGHT WATER Business Prospects
Slide 23: Business Prospects – External Trends and Industrial Policies
Business Prospects – External Trends and Industrial Policies External Environment Policy Trends In 2023, the global landscape was The National Conference on Ecological and Environmental Protection held in characterised by a sluggish economic July 2023 emphasised that the coming five years will be cr
Slide 24: Business Prospects – Strategic Development Deployment
Business Prospects – Strategic Development Deployment The year 2023 marks Everbright Water’s 20th anniversary. The Group will remain true to its commitment to protecting the water environment, maintaining unwavering determination and embracing professionalism. With a focus on the “water-related” bus
Slide 25: Strategic Development Deployment: Investment and Development
Business Prospects – Strategic Development Deployment: Investment and Development Everbright Water will actively seek breakthroughs in investment and development in the “water-related” business areas in close alignment with the spirit of China’s Central Economic Work Conference and under the require
Slide 26: Strategic Development Deployment: Operations Management
Business Prospects – Strategic Development Deployment: Operations Management To Develop Green and Low-carbon To Construct a Batch of “Star Benchmark Plants Intelligent Plants” Building on the ongoing “quality and Everbright Water will build a solid efficiency enhancement” practices and foundation fo
Slide 27: Strategic Development Deployment: Comprehensive Assurance
Business Prospects – Strategic Development Deployment: Comprehensive Assurance Everbright Water will prioritise the following six key areas for optimisation and improvement to provide solid assurance and support for the Group’s development. Organisational structure Safety and environmental managemen
Slide 28: Q&A Session
E HAAS EVERBRIGHT WATER Q&A Session
Slide 29: AGM Resolutions
E HAAS EVERBRIGHT WATER AGM Resolutions
Slide 30: 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 2023 and the Auditors’ Report thereon. • Resolution 2: To declare and pay a final one-tier tax exempt dividend of 5.81 Hong Kong c
Slide 31: AGM Resolutions
AGM Resolutions • Resolution 5: To appoint KPMG LLP and KPMG as the Auditors of the Company in Singapore and Hong Kong respectively in place of the retiring Auditor, Ernst & Young LLP, to hold office until the conclusion of the next Annual General Meeting and to authorise the Board to fix their remu
Slide 32: cE HANE
cE HANE EVERBRIGHT WATER
China Everbright Water — Shareholder Meeting (April 2024) on 6ix