China Everbright Environment Group Limited · HKEX:257
China Everbright Environment — China Everbright International — FY2017 Earnings Presentation
32 slides from China Everbright Environment's earnings presentation, March 2018
Slide 1: Driving Forward Our Success Story: 2017 Annual Results Presentation
DRIVING FORWARD OUR SUCCESS STORY 2017 Annual Results Presentation March 2018 中國光大國際有限公司 CHINA EVERBRIGHT INTERNATIONAL LIMITED
Slide 2: Forward-looking statements
Forward-looking statements 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 International Limited (the “Company”) and factors beyond the Company's control and are subject to sig
Slide 3: Agenda
Agenda Results Highlights Financial Highlights Competitive Advantages Development Strategies
Slide 4: Results Highlights
Everbright International Results Highlights
Slide 5: Results Highlights (1)
Results Highlights (1) Revenue surpassed HK$20 billion, with total market value exceeding HK$70 billion Total consolidated revenue amounted to HK$20.043 billion in 2017, a surge of 43%. The Company listed its greentech business on the Main Board of the Stock Exchange of Hong Kong Limited through a s
Slide 6: Results Highlights (2)
Results Highlights (2) Total asset value exceeded HK$70 billion, with profit surpassing HK$3.5 billion Total Assets (HK$ 100 million) CAGR: 24% 731.2 800.0 495.3 406.0 400.0 312.0 234.7 86.7 108.7 138.8 165.8 23.4 20.7 20.5 26.8 33.9 45.3 63.0 0.0 Profit Attributable to Shareholders of the Company (
Slide 7: Results Highlights (3)
Results Highlights (3) Profitability continued to rise with payout ratio at a high level Shareholder’s Equity Up by 21.9 times (HK$ 100 million) 300.0 225.5 200.0 162.6 172.0 173.9 133.7 83.5 100.0 53.4 61.9 45.7 20.0 24.5 28.2 9.5 10.0 10.8 11.8 0.0 Return on Shareholders’ Equity and Payout Ratio P
Slide 8: Results Highlights (4)
Results Highlights (4) Six business sectors striving to develop Environmental Environmental Investment by business sectors Energy Water (RMB) waste-to-energy water environment environmental protection management industrial parks listed company on the Greentech Mainboard of the SGX (SGX: U9E） 19.79 b
Slide 9: Results Highlights (5)
Results Highlights (5) Expanded geographical footprint, Achieved growth in scale As at 31 December 2017, Everbright International had secured 268 environmental protection projects, including 171 projects that completed construction, 40 projects under construction, and 57 projects in preparatory stag
Slide 10: Results Highlights (6)
Results Highlights (6) Market expansion and construction works hit a record high Secured 54 new projects and signed 3 supplementary agreements for projects’ capacity expansion in 2017, creating a new record high, with a total investment exceeding RMB19.7 billion. The total number of projects under c
Slide 11: Financial Highlights
Everbright Intemational Financial Highlights
Slide 12: Financial Highlights (1)
Financial Highlights (1) For the year ended 31 December (HK$’000) Change 2016 20,043,116 13,971,204 43% 7,132,515 5,309,566 34% 6,863,209 5,051,261 36% 3,509,990 2,784,863 26% 78.30 62.12 26% 24.0 20.5 17% 12
Slide 13: Financial Highlights (2)
Financial Highlights (2) As at As at As at As at As at As at As at HK$’Mil 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 13,880 16,583 23,471 31,200 40,623 49,532 73,123 7,218 7,913 9,692 13,357 21,203 29,687 44,480 6,190 8,350 13,374 16,263 17,196 17,389 22,554 1,900
Slide 14: Financial Highlights (3)
Financial Highlights (3) Revenue Analysis of the 3 Business Sectors (HK$’000) 13,500,000 13,242,478 Environmental Energy 2,952,979 Environmental Water (22%) Greentech 8,987,199 2,111,292 9,000,000 (16%) 2,073,986 (23%) 1,133,784 (13%) 8,178,207 3,975,325 4,500,000 (62%) 2,733,522 1,583,445 2,013,650
Slide 15: Financial Highlights (4)
Financial Highlights (4) Profit Analysis of the 3 Business Sectors 2017 EBITDA* (HK$) 2017 Sector Net Profit** (HK$) By Business Sector by Business Sector Environmental Greentech Greentech 786 million Environmental Energy 1.543 billion 20.3% Energy 4.191 billion 22.3% 2,698 million 60.5% 69.5% Envir
Slide 16: Competitive Advantages
Competitive Advantages 16
Slide 17: Competitive Advantages (1): Advantages of Scale
Competitive Advantages (1) Advantages of Scale Ranks No.4 among water treatment companies in China, The largest waste-to-energy with a total design treatment investor and operator in Asia capacity of 5 million tonnes/day Secured 268 environmental protection projects with a total investment of approx
Slide 18: Competitive Advantages (2): Advantages of Quality
Competitive Advantages (2) Advantages of Quality Three “First” The first company to promote and adopt the EU2010 standard; the first to connect with local environmental protection regulation departments to share emissions data of its projects; and the first to provides an hourly disclosure of emissi
Slide 19: Competitive Advantages (3): Technological Edges
Competitive Advantages (3) Technological Edges Formed a R&D team with over Developed and produced the technologies 300 people and applied for and equipment for grate furnaces, leachate 400 patents. treatment and gas emission purification. Established the envirotech sector and advanced its progress i
Slide 20: Competitive Advantages (4): Culture Advantages
Competitive Advantages (4) Culture Advantages Core Value An Enterprise is not only the Creator of Wealth, but also the Safeguard of Environmental and Social Responsibilities Management Philosophy Integrity, Pragmatism, Efficiency and Innovation Investment Philosophy No Blind Expansion, No Destructiv
Slide 21: Competitive Advantages (5): A Strong Brand
Competitive Advantages (5) A Strong Brand Included in the Dow Jones Sustainability Index for a second consecutive year the Hong Kong Corporate Governance Excellence Awards – Sustainability Excellence Award Chosen as a constituent stock of the Hang Seng Corporate Sustainability Index for a fourth con
Slide 22: Development Strategies
Development Strategies 22 22
Slide 23: Development Strategies (1): Three Strategic Considerations
Development Strategies (1) Three Strategic Considerations The leading enterprise in the environmental We are witnessing a To become a leading protection industry in golden era of player in the China and a world- opportunities that environmental protection renowned environmental cannot be missed indu
Slide 24: Development Strategies (2): Five Key Strategic Focuses
Development Strategies (2) Five Key Strategic Focuses Increase business scale Broaden Enhance service Technological scope Strength Foster flexible Expand management overseas system 24
Slide 25: Development Strategies (3): Six Major Areas of Work
Development Strategies (3) Six Major Areas of Work Drive growth through innovation SAMPLE and talent management TEXT Strengthen Boost quality of scale and services and efficiency brand 25
Slide 26: Appendix
FE XA Everbright International
Slide 27: Waste-to-energy Project – Cash Flow Illustration
Waste-to-energy Project – Cash Flow Illustration (For reference only) RMB million Construction Period Operation period (20-30 years – based on concession agreement) 1 (16-18 months) (Assume investment amount of RMB560 million) 133 2 133 2 133 2 133 2 133 2 Cash Inflow Actual investment amount subjec
Slide 28: Waste Water Treatment Project – Cash Flow Illustration
Waste Water Treatment Project – Cash Flow Illustration (For reference Only) RMB million Construction Period Operating period (20-30 years – based on concession agreement) 1 (12-14 months) (Assume investment amount of RMB140 million) 44 2 44 2 44 2 44 2 44 2 Cash Inflow Actual investment amount subje
Slide 29: Integrated Biomass and WTE Projects – Cash Flow Illustration
Integrated Biomass and WTE Projects – Cash Flow Illustration (For reference only) RMB million Construction Period Operating period (20-30 years – based on concession agreement) 1 (16-18 months) (Assume investment amount of RMB570 million) 235 2 235 2 235 2 235 2 235 2 Cash Inflow Actual investment a
Slide 30: Biomass Direct Combustion Project – Cash Flow Illustration
Biomass Direct Combustion Project – Cash Flow Illustration (For reference only) RMB million Construction Period Operating period (20-30 years – based on concession agreement or investment agreement) 1 (16-18 months) (Assume investment amount of RMB320 million) 180 180 180 180 180 Cash Inflow Actual
Slide 31: Hazardous Waste Landfill Project – Cash Flow Illustration
Hazardous Waste Landfill Project – Cash Flow Illustration (For reference only) RMB million Construction Period Operating period (20-30 years – based on concession agreement or investment agreement) 1 (12-14 months) (Assume investment amount of RMB140 million) 58 2 58 2 58 2 58 2 58 2 Actual investme
Slide 32: Hazardous Waste Incineration Project – Cash Flow Illustration
Hazardous Waste Incineration Project – Cash Flow Illustration (For reference only) RMB million Construction Period Operating period (20-30 years – based on concession agreement or investment agreement) 1 (12-14 months) (Assume investment amount of RMB130 million) 41 2 41 2 41 2 41 2 41 2 Actual inve
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