China Communications Construction Co. Ltd. Class A · SSE:601800
China Communications Construction Co. Ltd. Class A — H1 2008 Earnings Presentation
18 slides from China Communications Construction Co. Ltd. Class A's earnings presentation, 2008
Slide 1: 2008 Interim Results Presentation
2008 Interim Results Presentation STRICTLY CONFIDENTIAL
Slide 2: Disclaimer
Disclaimer This document has been prepared by China Communications Construction Company Limited ("CCCC“ or the “the Company”) solely for use at the 2008 interim results announcement presentation. Copying or redistribution of this document to any person is strictly prohibited. The distribution of t
Slide 3: Financial Highlights
Financial Highlights Six months ended RMB millions 2008-6-30 (except per share data) 2007-6-30 Change (unaudited) (unaudited and adjusted (unaudited) (unaudited and adjusted (as reported) (as adjusted for for an extraordinary item3 ) for an extraordinary item3 ) an extraordinary item3) Revenue 75,74
Slide 4: New Order Growth
New Order Growth The value of new contracts amounted to RMB128,970 million, representing a year-on-year increase of 27.2% Infrastructure Construction Infrastructure Design RMB millions RMB millions growth rate = 31.9% growth rate = -6.3% 100,000 93,818 6,000 4,770 4,471 80,000 71,127 4,000 60,000 40
Slide 5: Backlog Growth
Backlog Growth As at 30 June 2008, backlog for the Company was RMB268,102 million, representing an increase of 12.5% compared to that at the end of 2007 Infrastructure Construction Infrastructure Design RMB millions RMB millions growth rate = 15.1% growth rate = 2.5% 300,000 12,000 9,544 9,778 200,4
Slide 6: Summary Income Statement Data
Summary Income Statement Data Revenue Operating profit growth rate = 29.1% growth rate = -2.5% growth rate = -12.9% 80,000 75,749 6,000 4,793 58,674 4,174 (RMB millions) 60,000 4,157 4,051 (RMB millions) 4,000 40,000 2,000 20,000 0 0 1H2007 1H2008 1H2007 adjusted 2 1H2008 adjusted2 1H2007 1H2008 Mar
Slide 7: Contribution by Segment
Contribution by Segment Revenue (1H 2008) 1 Segment result (1H 2008) 1,2 Other Other Port Machinery 5.1% Port Machinery 1.2% Manufacturing Manufacturing 15.6% 26.4% Infrastructure Construction 42.9% Dredging 11.3% Infrastructure Construction Infrastructure 63.8% Dredging Design 4.2% 20.0% Infrastruc
Slide 8: Operating Cost Structure
Operating Cost Structure Cost Structure Cost Breakdown As % of revenue As % of operating costs1 (1H 2008) 93.3% 94.5% Others 20.5% 18.4% Equipment 19.6% 3.1% Raw materials 3.4% 0.3% 3.6% usage costs 7.7% 7.9% and consumables 3.2% used 24.9% 24.8% Transportation costs 38.9% 3.8% Employee benefits 36.
Slide 9: Segment Revenue and Results: Infrastructure Construction
Segment Revenue and Results Infrastructure Construction Business Revenue1 Segment Result1,2 RMB millions RMB millions 49,204 1,785 1,689 39,263 1H 2007 1H 2008 1H 2007 1H 2008 Revenue grew 25.3% from 1H2007 to 1H2008 Segment result grew 5.7% from 1H2007 to 1H2008 Growth was attributable to hig
Slide 10: Segment Revenue and Results: Infrastructure Design
Segment Revenue and Results Infrastructure Design Business Revenue1 Segment Result1,2 RMB millions RMB millions 3,238 414 395 2,835 1H 2007 1H 2008 1H 2007 1H 2008 Revenue grew 14.2% from 1H2007 to 1H2008 as a result of increase in aggregate value of design contracts as well as higher demand for o
Slide 11: Segment Revenue and Results: Dredging
Segment Revenue and Results Dredging Business Revenue1 Segment Result1,2 RMB millions RMB millions 8,681 831 754 6,142 1H 2007 1H 2008 1H 2007 1H 2008 Revenue grew 41.3% from 1H 2007 to 1H 2008 Segment result grew 10.2% from 1H 2007 to 1H 2008 Growth was attributable to increasing port develop
Slide 12: Segment Revenue and Results: Port Machinery Manufacturing
Segment Revenue and Results Port Machinery Manufacturing Business Revenue1 Segment Result1,2 RMB millions RMB millions 11,991 2,053 10,206 1,417 1,098 975 1H2007 1H2008 1H2007 1H2008 1H 2007 1H 2008 adjusted 3 adjusted 3 Revenue grew 17.5% from 1H2007 to 1H2008 as a result of growth in global cont
Slide 13: Gross Profit Margin by Segment
Gross Profit Margin by Segment The overall gross profit margin for 1H 2008 is 9.8% 35% 1H2007 2H2007 2007 1H2008 30% 28.0% 26.5% 27.1% 24.9% 25% 18.0% 20% 17.1% 17.7% 14.6% 13.7% 14.1% 14.4% 15% 13.2% 10% 7.9% 6.7% 7.2% 7.1% 5% 0% Infrastructure Infrastructure Design Dredging Port Machinery Construc
Slide 14: Summary Balance Sheet Data
Summary Balance Sheet Data Total Assets Owner’s Equity 194,860 50,000 45,145 200,000 41,406 167,397 (RMB millions) (RMB millions) 40,000 150,000 30,000 100,000 20,000 50,000 10,000 0 0 2007-12-31 2008-6-30 2007-12-31 2008-6-30 Net Debt / Capitalization1 Total Debt/EBITDA2, 3 4.2x 38% 2.6x 18% 2007-1
Slide 15: Summary Cash Flow Statement Data
Summary Cash Flow Statement Data Cash flow from operating activities Cash flow from investing activities 0 0 (2,000) (62) (2,000) (RMB millions) (RMB millions) (4,000) (4,000) (6,000) (5,103) (6,000) (8,000) (8,000) (10,000) (10,000) (12,000) (10,340) (9,329) 1H2007 1H2008 1H2007 1H2008 Purchase o
Slide 16: Summary Cash Flow Statement Data
Summary Cash Flow Statement Data Cash flow from financing activities Net increase (decrease) in cash and cash equivalents 25,000 2,000 19,894 225 20,000 (RMB millions) (RMB millions) 0 15,000 (2,000) 10,000 5,000 (4,000) 0 (6,000) (5,000) (1,803) (8,000) (6,968) 1H2007 1H2008 1H2007 1H2008 Increas
Slide 17: Capital Expenditure
Capital Expenditure Capital expenditure1 Mainly used in construction Infrastructure of plants, purchase Construction of equipment and further 8,396 Business 9,000 investment in BOT projects 117 8,000 7,000 5,309 3,551 (RMB millions) 6,000 Infrastructure 66 5,000 Mainly used in purchase of Design
Slide 18: Thank You
Thank You IR Team, CCCC Tel: +86-10-6428 0270 +86-10-6428 2516 Fax: +86-10-6428 3706 E-mail: ir@ccccltd.cn 17
China Communications Construction Company — H1 2008 Earnings Presentation on 6ix