Zheneng Jinjiang Environment Holding Co., Ltd. · SGX:BWM
Zheneng Jinjiang Environment — H1 2026 Earnings Presentation
25 slides from Zheneng Jinjiang Environment's earnings presentation, Jun 30, 2026
Slide 1: Unaudited Results Presentation
UNAUDITED RESULTS PRESENTATION Half Year Ended 30 June 2026
Slide 2: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. THIS PRESENTATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL, SUBSCR
Slide 3: About the Company
te ABOUT THE COMPANY Va vise ZHENENG JINJIANG ENVIRONMENT
Slide 4: About Zheneng Jinjiang Environment
About Zheneng Jinjiang Environment A Pioneer and Leading Waste-to-Energy (“WTE”) Player in China Growing recurring revenue from WTE Operations Portfolio c.68% of the operational WTE 41 c.94%* of revenue from 3 sources of services facilities are under the build- Operational Facilities in China own-op
Slide 5: WTE Industry Value Chain
WTE Industry Value Chain Enhancing the value of WTE products through an integrated urban ecosystem
Slide 6: Shareholding Structure (As at 30 June 2026)
Shareholding Structure (As at 30 June 2026) Backed by a Strong Network of Substantial Shareholders State-owned enterprise Conglomerate Private investment holding company / investment fund investors ZHENENG PROVINCIAL HANGZHOU JINJIANG GROUP Jee Up Enterprises Limited 12.595% 0.158% ENERGY GROUP CO.,
Slide 7: Leadership Team
Leadership Team Experienced Leadership Team with both Technical and Corporate Expertise • Average of over 25 years of work experience • Leaders with multi-disciplinary management WANG Ruihong JIN Ruizhi knowledge to drive the company’s long-term Executive Deputy Chairman Executive Director growth pl
Slide 8: Current Portfolio
Current Portfolio 41 Operational Treatment Facilities across China 1 Hebei 6 8 Inner Mongolia Heilongjiang BOO Tangshan Jiasheng 1,000 BOO Hothot New Energy 1,750 BOO Suihua Green Energy 800 BOO Leting Jinhuan 500 BOO Qitaihe Green Energy 1,000 BOO Shijiazhuang Jiasheng 1,600 7 Zhejiang BOT Suihua G
Slide 9: Project Pipeline
Project Pipeline Supporting Future Capacity Growth WTE Facilities Other Facilities Added Capacity Facility Name Type Facility Name Capacity (tn/d) Type (tn/d) Wuchang Power Plant Expansion 1,000 BOO Songyuan Kitchen Waste Treatment 150 Gaomi Lilangmingde Reconstruction 200 BOO Zibo Green Energy Reco
Slide 10: 1H2026 Unaudited Financial Results
1H2026 UNAUDITED FINANCIAL RESULTS
Slide 11: 1H2026 Performance at a Glance
1H2026 Performance at a Glance Strong Growth in Net Profit led by Core WTE Business OPERATIONAL SNAPSHOT FINANCIAL SNAPSHOT GROSS ON-GRID ELECTRICITY PROFIT ELECTRICITY REVENUE GENERATED MARGIN SUPPLIED (GPM) 2,409,593 MWh 1,953,048 MWh RMB2,035.7m 37.5% +9.3% y-o-y +10.2% y-o-y +11.7% y-o-y -0.9ppt
Slide 12: Revenue Trend
Revenue Trend Steady Revenue Growth from Core WTE Business Total Revenue (RMB’mln) WTE (RMB’mln) CAGR FY2017-FY2025 4% CAGR FY2017-FY2025 9% 4,101 4,074 3,785 3,877 3,731 3,731 3,785 461 101 3,750 10 1,768 1,808 2,209 2,443 2,905 3,335 3,425 3,631 3,638 1,904 315 19 12 638 306 FY2017 FY2018 FY2019 F
Slide 13: Gross Margin Analysis
Gross Margin Analysis Core WTE profit margin improved to 37.8%, while the overall gross profit margin edged down to 37.5%, mainly due to the increased contribution from lower-margin BOT construction activities. Gross Profit & GP Margin Segmental GP (RMB’mln) 1H2026 1H2025 Change WTE 719.8 673.4 6.9%
Slide 14: Balance Sheet Highlights
Balance Sheet Highlights Growing Net Assets with a Stable and Manageable Debt Profile Total Assets & Net Assets (RMB’mln) Net interest-bearing Liabilities/Total Assets 24,219 24,642 23,107 21,473 21,948 20,374 45.7% 45.6% 17,767 43.5% 43.0% 43.1% 43.0% 41.8% 7,715 8,209 8,333 6,538 6,875 7,169 6,103
Slide 15: Operational Performance
OPERATIONAL PERFORMANCE
Slide 16: Historical Expansion
Historical Expansion Demonstrated consistent and steady capacity growth over the past 7 years 1,065 987 915 921 Installed Electricity Power 790 805 Generation Capacity (MW) 718 46,305 47,705 44,405 44,405 Waste Treatment Capacity 40,410 41,955 38,060 (tonnes/day) 38 38 41 41 36 34 5 5 2 3 3 29 1 8 8
Slide 17: Operational Performance
Operational Performance Continued Capacity Expansion to Capture Growth Opportunities across the WTE value chain Electricity Generated & Steam Supplied Waste Treated On-grid Electricity Supplied (‘000 tonnes) (‘000 tonnes) (kWh billion) 13,259 12,901 12,826 13,107 4.5 5,251 12,081 4.2 5,136 4.0 4,711
Slide 18: Growth Plans
Growth Plans Daily Capacity expected to increase progressively through Domestic and International Expansion Under In Current Construction/ Preparatory Portfolio Upgrades Stage 41 10 10 (2,350 tonnes/day) (5,800 tonnes/day) China 0 1 0 (1,000 tonnes/day) Indonesia Daily Capacity 47,705 +3,350 +5,800
Slide 19: Awards & Accolades
Awards & Accolades Strong Testament to the Group’s Dedication to Operational Excellence and Societal Benefit Group-level Honours Facility-level Recognitions – 7 WTE Facilities “Polaris Cup” ESG Excellence Photo “Benchmark Operation Management Plant” Practice Enterprise Award 图片 Group-level ESG recog
Slide 20: Future Outlook
FUTURE OUTLOOK
Slide 21: Two-Pronged Growth Strategy
Two-Pronged Growth Strategy Expanding the Ecosystem through Strengthened Technical Capabilities, Geographic Expansion and Operational Enhancement Ongoing Expansion Plan Efficiency Enhancement Geographic Expansion Technology Management China Indonesia Operational 41 - “Four-step” Strategy Technical U
Slide 22: Prudent Capital Management
Prudent Capital Management Disciplined Capital Management to Support Financial Resilience and Sustainable Growth Flexible financing policies that allow access to a variety of funding STRATEGY GOING FORWARD options and combinations CAPITAL MANAGEMENT POLICY • Leverage credit strength of the Group’s E
Slide 23: Schema of High-Parameter Technical Solutions
Schema of High-Parameter Technical Solutions Adopted to significantly enhance Power Generation Capacity Compared with the medium temperature and medium pressure waste heat utilisation technology • the medium temperature sub-high pressure technology offers a 2-5% increase in the energy efficiency for
Slide 24: WTE Ecosystem and Case Study
WTE Ecosystem and Case Study Conceptualised WTE Ecosystem Case Study: Wuhan Jinjiang WTE Facility Project Pre-reconstruction Introduction Post-reconstruction schema schema Size 90 acres 148.5 acres Total capacity 2,600 5,500 (tonnes/day) Treatment for kitchen waste, Domestic waste disposal Service s
Slide 25: Thank You!
THANK YOU! For enquiries, please contact: Kamal Samuel kamal@financialpr.com.sg Louise Lim louise@financialpr.com.sg Stanley Chen stanley.chen@financialpr.com.sg 25
Zheneng Jinjiang Environment Holding Company — H1 2026 Earnings Presentation on 6ix