China Everbright Environment Group Limited · HKEX:257
China Everbright Environment — China Everbright International — H1 2016 Earnings Presentation
33 slides from China Everbright Environment's earnings presentation, August 2016
Slide 1: Bold Visions to Overcome Every Challenge: 2016 Interim Results Presentation
BOLD VISIONS TO OVERCOME EVERY CHALLENGE 2016 Interim Results Presentation August 2016 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 1H16 Results Review Development Outlook 3
Slide 4: 1H16 Results Review
1H16 Results Review Results Highlights Financial Analysis Investment Management Investment Results 4
Slide 5: Results Highlights (1)
Results Highlights (1) In 1H16, Everbright International completed the restructuring of its management by dividing its businesses into four segments: Envirotech (to form a comprehensive integrated system encompassing R&D, design and equipment manufacturing) Environmental Energy (Waste-to-energy and
Slide 6: Results Highlights (2)
Results Highlights (2) In terms of business development: The Group secured 18 new projects, with a total investment of approximately RMB9.456 billion, setting new records in terms of the number and investments of projects secured. Both the number of new construction projects and the number of projec
Slide 7: Results Highlights (3)
Results Highlights (3) In terms of investment portfolio: Secured 18 new projects in the first half of 2016, So far, the Group had secured over 180 environmental protection projects in 80 counties and cities across 15 provinces 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 development of the Group. Investment by business segments (RMB) Environmental Water: RMB10.634 billion, 23% Environmental Energy: RMB25.066 billion, 53% Greentech: RMB 11.535 billion, 24% Environmental Energy Environmental Water Greentech
Slide 9: Financial Analysis (1)
Financial Analysis (1) In terms of business operations: Excluding the gain on sale of listed securities of HK$ 92,904,000 for the same period last year, EBITDA and profit attributable to equity holders increased by 30% and 33% year-on-year, respectively. For the six month ended 30 June (HK$’000) Cha
Slide 10: Financial Analysis (2)
Financial Analysis (2) As at As at As at As at As at As at HK$ ’Mil 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 30/6/2016 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 20
Slide 11: Financial Analysis (3)
Financial Analysis (3) Revenue Analysis of the 3 Business segments (HK$’000) 1H2015 Environmental Energy 1H2015 Environmental Water 4,000,000 3,333,862 1H2015 Greentech 1H2016 Environmental Energy 2,062,548 1H2016 Environmental Water 3,200,000 825,858 1H2016 Greentech (25%) 40,338 (2%) 2,400,000 699
Slide 12: Financial Analysis (4)
Financial Analysis (4) Profit Analysis of the 3 Business segments 1H2016 EBITDA* (HK$) 1H2016 Segment Net Profit** (HK$) By Business segment By Business segment Greentech Environmental Energy Environmental Energy 475 million 1,346 million Greentech 868 million 21% 60% 315 million 65% 24% Environment
Slide 13: Investment Management (1)
Investment Management (1) In terms of management： Fully implemented the Environmental, Safety, Health and Social Responsibility (“ESHS”) Management System and a new Risk Management System; Fully implemented the new model of centralized management by regions; Actively acquired both local and overseas
Slide 14: Investment Management (2)
Investment Management (2) In terms of social responsibilities : Fulfilled its promise to the market and moved ahead of schedule in disclosing daily emission standards of its operating waste-to-energy projects since May 2016, to lead and promote information disclosure of the industry; Opened its oper
Slide 15: Investment Results (1)
Investment Results (1) In terms of investment results: Developed a number of industry-leading and world-class environmental protection projects; Formed a distinct model that covers the entire waste-to-energy industry chain, and possessed self-developed core technologies, proprietary intellectual pro
Slide 16: Investment Results (2)
Investment Results (2) In terms of investment results: As at 30 June 2016, 108 projects completed construction and commenced operation, including: 23 Waste-to-energy 63 2 Water Treatment Biomass Projects Projects Projects 5 8 2 Hazardous Waste Solar Energy Wind Power Treatment Projects Projects Gene
Slide 17: Investment Results (3)
Investment Results (3) In terms of investment results: As at 30 June 2016, 27 projects were under construction, including: 12 3 5 Waste-to-energy Water Treatment Biomass Projects Projects Projects 2 4 1 Hazardous Waste Integrated Biomass Food Waste Treatment Projects and Waste-to-energy Treatment Pr
Slide 18: Investment Results (4)
Investment Results (4) In terms of investment results: As at 30 June 2016, 45 projects were in the preparatory stage, including: 18 4 4 Waste-to-energy Water Treatment Biomass Projects Projects Projects 8 10 1 Hazardous Waste Integrated Biomass Food Waste Treatment Projects and Waste-to-energy Treat
Slide 19: Development Outlook
Development Outlook Business Prospects Development Strategies 19
Slide 20: Business Prospects
Business Prospects The year 2016 marks the beginning of China’s 13th Five-year Plan. The government has set out five development principles: innovation, coordination, green development, opening-up and sharing. The full implementation of the new Environmental Protection Law of the PRC and the issue o
Slide 21: Development Strategies (1)
Development Strategies (1) 2016 marks the first year of the Group’s new round of development. The Group will adhere to the “three strategies” to promote the development and innovations of its four core business segments. Adhering to the “three strategies”： “One Belt One Road” initiative: In line wit
Slide 22: Development Strategies (2)
Development Strategies (2) Promote the development and innovations of the Group’s core businesses Envirotech: The Group will seek to expand its businesses to cover the entire waste-to-energy industry chain, look to import new technologies and materials, and put its R&D results into practice. See
Slide 23: 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. Establish the Group’s prese
Slide 24: Corporate Positioning
Corporate Positioning High Starting Point Better Efficiency Wider Horizon Stronger Excellent Quality Cohesiveness Advanced Technology Full Effort Steady Development 24
Slide 25: Everbright International
E FEAR Everbright international 25
Slide 26: Thank You
E FEAR Everbright International 26
Slide 27: Appendix
E FEAR Everbright International 27
Slide 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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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