Huaneng Power International, Inc. Class A · SSE:600011
Huaneng Power International, Inc. Class A — FY2008 Earnings Presentation
16 slides from Huaneng Power International, Inc. Class A's earnings presentation, Apr 2, 2009
Slide 1: 2008 Annual Results Presentation
华能国际电力股份有限公司 HUANENG POWER INTERNATIONAL, INC. 2008 Annual Results Presentation Hong Kong April 2, 2009 Powering Tomorrow
Slide 2: Contents
Contents Financial Highlights Business Performance Opportunities & Challenges Competitive Edges Objectives for 2009 Powering Tomorrow
Slide 3: Financial Highlights
Financial Highlights Total Total Asset Asset ((bln 165.918 bln RMB) RMB) Increased 33.49% YoY 36.829 Net Net Asset Asset (bln Decreased 21.52% YoY (bln RMB) RMB) Revenue 67.564 Revenue (bln Increased 35.76% YoY (bln RMB) RMB) -3.938 Net Profit (bln RMB) Decreased 163.91% YoY EPS (RMB) Decreased 164.
Slide 4: Power Generation & Tariffs
Business Performance Power Generation & Tariffs In 2008, total domestic power generation was 184.628 bln Generation(bln kWh) 200 184.6 kWh, up 6.30% over the 180 173.7 159.9 160 150.5 previous year 140 114.3 120 100 90.9 Generation for Tuas Power 80 71.4 55.9 60 attributable to HPI was 7.584 bln 44.
Slide 5: Fuel Costs
Business Performance (cont’ (cont’d) Fuel Costs Coal purchased Coal price Change Structure for 2008 (RMB/ton) (RMB/ton) Key contract 55.4% 504.05 119.37 Spot 44.6% 673.75 207.7 100% Total 584.94 167.17 (88.2MT) Unit fuel cost RMB253.66/MWh 46.54% Powering Tomorrow
Slide 6: Technical Indicators
Business Performance (cont’ (cont’d) Technical Indicators Average equivalent availability 91.06% Average coal consumption rate for power generated 306.65g/kWh Average coal consumption rate for power sold 325.94g/kWh Average house consumption rate 5.38% Powering Tomorrow
Slide 7: Energy Saving & Environmental Protection
Business Performance (cont’ (cont’d) Energy Saving & Environmental Protection As of December 31, 2008, 2008, 86.2% of coal fired units equipped with desulphurization facilities by 2009, all the coal fired units to be satisfied with environmental regulation Maintains leadership position among peers i
Slide 8: Units Commissioned in 2008
Business Performance (cont’ (cont’d) Units Commissioned in 2008 2008 Units Capital Capacity Shang’ Shang’an Phase III in Hebei 100% 2×600MW Rizhao Phase II in Shandong 100% 2×680MW Projects Approved in 2008 Capacity Projects Capital Approved Jinggangshan Phase II in Jiangxi 100% 1×660MW Jinling Phas
Slide 9: Generation Capacity
Business Performance (cont’ (cont’d) Generation Capacity By the end of 2008, the Company wholly owns 17 operating power plants and wholly has controlling interests in 13 control operating power companies minority and minority interests in 5 overseas operating power companies; Wholly owning Singapore
Slide 10: Tuas Power
Business Performance (cont’ (cont’d) Tuas Power Attributable revenue of Tuas Power to Company in 2008, denominated in RMB of 10.36 bln and attributable net profit of 0.549 bln Tuas Power consisting of two 600 MW of oil- oil-fired steam turbine units (ST) and four 367.5 MW of gas- gas-fired combined
Slide 11: Financing in 2008
Business Performance (cont’ (cont’d) Financing in 2008 Successfully issued RMB4bln corporate bonds and RMB5 bln short term debentures in 2008 Types Issuing Date Coupon Rate Total Amount Corporate RMB4bln May 8, 2008 5.20% Bonds (10 years) Short Term RMB5 bln July 25, 2008 4.83% Debentures (365 days)
Slide 12: Dividends Payout
Business Performance (cont’ (cont’d) Dividends Payout 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 EPS 0.33 0.33 0.44 0.60 0.65 0.90 0.44 0.40 0.50 0.51 (RMB) Dividends 0.08 0.09 0.22 0.30 0.34 0.50 0.25 0.25 0.28 0.30 (RMB) Note: prepared according to IFRS The Company has paid dividends of RMB
Slide 13: Opportunities & Challenge
Opportunities & Challenge Power Market Generation declined in early of 2009 against declined power demand demand affected by financial crisis But power demand will increase upon the economic stimulus package package thus our generation will increase Coal Market Uncertainty on the supply and price of
Slide 14: Competitive Edges
Competitive Edges Excellent management Fine Good credit Governance standing Competitive Edges Advanced Experienced in generation Capital market units operation Better & Diversified location Powering Tomorrow
Slide 15: Objectives for 2009
Objectives for 2009 2009 Generation 190bln KWh Utilization of coal fired units 4900 hours newly- newly-add capacity 3712MW Power market exploration Fuel cost control Main Area Energy saving & environmental protection New project management Renewable energy development Powering Tomorrow
Slide 16: Thank You!
Powering Tomorrow Thank You! Powering Tomorrow
Huaneng Power International — FY2008 Earnings Presentation on 6ix