China Everbright Environment Group Limited · HKEX:257
China Everbright Environment — China Everbright International — FY2016 Earnings Presentation
34 slides from China Everbright Environment's earnings presentation, February 2017
Slide 1: Bold Visions to Overcome Every Challenge: 2016 Annual Results Presentation
BOLD VISIONS TO OVERCOME EVERY CHALLENGE 2016 Annual Results Presentation February 2017 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 Review Development Strategies 3
Slide 4: Results Review
Results Review Results Highlights Financial Analysis Investment Management 4
Slide 5: Results Highlights (1)
Results Highlights (1) Revenue from core businesses exceeded RMB10 billion: Total revenue amounted to HKD13.97 billion in 2016. The first solid waste treatment enterprise in China’s environmental protection industry that delivered the annual revenue exceeding RMB10 billion. The result of its leading
Slide 6: Results Highlights (2)
Results Highlights (2) Market expansion and business development set records: Secured 44 new projects, with a total investment of RMB14.4 billion in 2016, reaching historical highs in terms of the number and the investment amount of the projects secured. Developed in step with the “One-Belt-One-Road
Slide 7: Results Highlights (3)
Results Highlights (3) Secured 44 new projects in 2016. So far, the Group had secured 213 environmental protection projects in 80 counties and cities across 17 provinces and municipalities in China, as well as in Germany, Poland and Vietnam. 7
Slide 8: Results Highlights (4)
Results Highlights (4) A strong project pipeline to drive the Group’s next round of development. Investment by business segments (RMB) Greentech: RMB 14 billion, 27% Environmental Energy: RMB26.9 billion, 52% Environmental Water: RMB11 billion, 21% Environmental Energy Environmental Water Greentech
Slide 9: Results Highlights (5)
Results Highlights (5) As at 31 December 2016, 130 projects completed construction, including: 26 72 7 Waste-to-energy Water Treatment Biomass Projects Projects Projects 8 8 2 Hazardous Waste Solar Energy Wind Power Treatment Projects Projects Projects 1 2 2 Sludge Treatment and Disposal Project Equ
Slide 10: Results Highlights (6)
Results Highlights (6) As at 31 December 2016, 39 projects were under construction, including: 17 7 12 Waste-to-energy Water Treatment Biomass Projects Projects Projects 2 1 Hazardous Waste Food Waste Treatment Projects Treatment Project 10
Slide 11: Results Highlights (7)
Results Highlights (7) As at 31 December 2016, 44 projects were in the preparatory stage, including: 17 1 13 Waste-to-energy Water Treatment Biomass Projects Projects Projects 12 1 Hazardous Waste Nanjing Industrial Park Treatment Projects Project 11
Slide 12: Results Highlights (8)
Results Highlights (8) Uphold the philosophy of driving growth by technological innovation: Greentech continued to be driven by business innovation across many areas, from biomass direct combustion projects to electricity and heat cogeneration projects, and from hazardous waste landfill projects to
Slide 13: Financial Analysis (1)
Financial Analysis (1) Excluding the gain on sale of listed securities of HK$ 92,711,000 in 2015, EBITDA and profit attributable to equity holders increased by 38% and 40% year-on-year, respectively. For the year ended (HK $’000) 31 December Change 2015 8,528,393 64% 3,902,692 36% 3,754,449 35% 2,08
Slide 14: Financial Analysis (2)
Financial Analysis (2) As at As at As at As at As at As at HK$ ’Mil 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 13,880 16,583 23,471 31,200 40,623 7,218 7,913 9,692 13,357 21,203 6,190 8,350 13,374 16,263 17,196 1,900 2,797 5,815 5,150 6,673 13.90 15.45 12.20 11.49 12.46 20.6 2
Slide 15: Financial Analysis (3)
Financial Analysis (3) Revenue Analysis of the 3 Business Segments (HK$’000) FY2015 Environmental Energy FY2015 Environmental Water 8,987,199 9,000,000 FY2015 Greentech FY2016 Environmental Energy 2,073,986 (23%) FY2016 Environmental Water 7,500,000 FY2016 Greentech 4,915,849 1,133,784 (13%) 6,000,0
Slide 16: Financial Analysis (4)
Financial Analysis (4) Profit Analysis of the 3 Business Segments 2016 EBITDA* (HK$) 2016 Segment Net Profit** (HK$) by Business Segment by Business Segment Greentech Environmental Energy Environmental Energy 1,020 million 3,300 million Greentech 2,084 million 20% 64% 661 million 69% 22% Environment
Slide 17: Investment Management (1)
Investment Management (1) Management further enhanced, boosting organic growth: Fully implemented the Environmental, Safety, Health and Social Responsibility (“ESHS”) Management System and a new risk management system. Fully implemented the new regional management structure. Actively recruited and n
Slide 18: Investment Management (2)
Investment Management (2) Fulfilled social responsibility, taking the lead in the industry: Achieved the “Four Steps” environmental information disclosure goal and became the first to disclose the average levels of its operating waste-to-energy projects’ gas emission on a monthly, daily and hourly b
Slide 19: Investment Management (3)
Investment Management (3) Globally recognised for sustainable development performance: A constituent stock of the Dow Jones Sustainability World Index (the only mainland Chinese and Hong Kong listed company to be added to the 2016 index). A constituent stock of the Hang Seng Corporate Sustainability
Slide 20: Investment Management (4)
Investment Management (4) Became a leading player in the industry globally: Its achievements in the energy-from-waste sector have become globally renowned. Domestically: Participated in drafting more than ten technical specifications on environmental protection, which were organised by the Ministr
Slide 21: Development Strategies
right Ini ternational Development Strategies
Slide 22: Development Strategies (1)
Development Strategies (1) With its six major business segments, namely envirotech, environmental energy, environmental water, greentech, equipment manufacturing and international business, the Group is embarking on a new journey to explore new business opportunities arising from developments in new
Slide 23: Development Strategies (2)
Development Strategies (2) Horizontal Development Leveraging on talent, science and technology, as well as adhering to high standards, to expand from coastal areas to inland cities, from cities to rural areas, and from domestic to overseas markets. From coastal areas to inland cities: Develop in ste
Slide 24: Development Strategies (3)
Development Strategies (3) Continue to achieve growth in both scale and efficiency; Pursue its operating strategies aimed at delivering a satisfactory return for shareholders; Maintain its long-term commitment to sharing its achievements with society and its shareholders. Leverage on talent, science
Slide 25: Corporate Positioning
Corporate Positioning High Starting Point Better Efficiency Wider Horizon Stronger Excellent Quality Cohesiveness Advanced Technology Full Effort Steady Development 25
Slide 26: ABR
ABR Everbright International N (o>)
Slide 27: Thank You
FEAR Everbright International N ~N
Slide 28: Appendix
FEAR Everbright International N (oe)
Slide 29: 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 30: 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 31: 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 32: 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 33: 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 34: 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
China Everbright International — FY2016 Earnings Presentation on 6ix