Enn Natural Gas Co., Ltd. Class A · SSE:600803
Enn Natural Gas Co., Ltd. Class A — Q1 2023 Earnings Presentation
17 slides from Enn Natural Gas Co., Ltd. Class A's earnings presentation, April 2023
Slide 1: 2023 Q1 Results
ENN | RRA AIRAAl M28 | ENN Natural Gas Co., Ltd. 2023 Q1 Results April 2023
Slide 2: Content
Content RESALE it Results Review > Financial Highlights @ ENNitiz
Slide 3: 1.1 Macro Environment
1.1 Macro Environment Macro economy • The economic recovery improved, with GDP growth 4.5% in Q1, including a strong recovery in the tertiary sector, up 5.4% yoy. 1000 97.5 4% 980 2.2% 96.4 2.1% 3.1% 2% 960 94.6 Real estate 940 0% 920 -1.7% -2% 900 88.4 • The floor space of completed buildings natio
Slide 4: 1.2.1 Actively Promoted the Sustainable Expansion of Gas Sales Business
1.2.1 Actively Promoted the Sustainable Expansion of Gas Sales Business Direct Gas Sales DM of Direct Gas Sales mil m3 -26.2% mil m3 1,231 908 -6.8% 10,176 9,483 1,231 1Q2022 1Q2023 908 2,105 1,525 Retail Gas Sales DM of Retail Gas Sales mil m3 6,840 7,050 3.1% 7,050 6,840 1Q2022 1Q2023 Retail gas s
Slide 5: 1.2.2 Rapid Expansion of Direct Gas Sales Leveraging Diversified Resources
1.2.2 Rapid Expansion of Direct Gas Sales Leveraging Diversified Resources and Efficient Delivery Network Three major oil companies Coal-to-gas Southeast Northeast Europe Asia Others Asia Unconventional gas LNG plant Zhoushan Medium and Terminal long-term contracts USA Australia Middle East Short-te
Slide 6: 1.3 Developed Engineering Construction Business Driven by Low Carbon Digital Intelligence
1.3 Developed Engineering Construction Business Driven by Low Carbon Digital Intelligence 36% 54% 10% The company’s first integrated project of hydrogen production and hydrogen refueling from wind and photovoltaic power generation can produce 660 tons Natural gas infrastructure of green hydrogen p
Slide 7: 1.4 Lean Operations for Energy Production
1.4 Lean Operations for Energy Production 1.19 0.41 0.38 0.73 1Q2022 1Q2023 1Q2022 1Q2023 7
Slide 8: 1.5 Highlights of ENN Energy
1.5 Highlights of ENN Energy Natural Gas Distribution Integrated Energy Value Added business 7,062 171 1.90 5,525 8% 5.08 1.76 2% 119 4.94 43% 23% 75% 49% 1Q2022 1Q2023 1Q2022 1Q2023 1Q2022 1Q2023 1Q2022 1Q2023 “Gratle” Product Sales (’000 unit） Steam Cooling & heating Electricity （ of energy sales
Slide 9: Content
Content RESALE it Results Review > Financial Highlights @ ENNHR
Slide 10: 2.1 Resilient Results
2.1 Resilient Results Unit: RMB mil 1Q2023 1Q2022 Change Total Revenue 34,371 35,426 00-3.0% Gross Profit 04,424 004,6000 00-3.8% EBITDA* 04,837 004,2780 0013.1% Total Profit 003,7390 002,9870 0025.2% Net Profit Attributable to Parent 001,4560 000085600 0070.0% Core Profit# 001,2420 000084700 0046.7
Slide 11: 2.2 Sustainable Growth of Core Profit
2.2 Sustainable Growth of Core Profit Unit: RMB mil Main excluded items in the calculation of core profit 1Q2023 1Q2022 Net Profit Attributable to Parent 1,456 -856 Bad debts and asset impairment -14 -19 Non-cash Changes in fair value of derivatives - 91 -6 factor Changes in FX gains and losses 0141
Slide 12: 2.3 Sound debt structure and CAPEX
2.3 Sound debt structure and CAPEX The steady growth in our main business coupled with prudent financial management generated strong operating cash flow of RMB 2,571 mil Total Debt & Cash on Hand (RMB mil) CAPEX (RMB mil) 38,906 1,839 37,157 1,715 221 200 9,957 12,295 1,618 1,515 1Q2022 1Q2023 1Q202
Slide 13: Appendix 1. Company overview
Appendix 1. Company overview • Listed in 1994, ENN Natural Gas (600803.SH) is one of the largest private intelligent ecological operators within the natural gas industry in China • The Company's principal business covers the entire natural gas industry chain, including direct gas sales, retail and w
Slide 14: Appendix 2. Details of long-term LNG contracts
Appendix 2. Details of long-term LNG contracts Contract vol Delivery No. Buyer Seller Tenor Gas resources Start year Index-linked （mil tons/year） method 1 ENN Energy Chevron 10 years 0.66 DES Global resources 2018 JCC 2 ENN Energy Total 10 years 0.50 DES Global resources 2018 JCC/HH 5+5 years Brent
Slide 15: Appendix 3. Direct Gas Sales Business Model & Typical Customer
Appendix 3. Direct Gas Sales Business Model & Typical Customer • International and domestic integrated • Fixed price • Large-scale industries resource pool • Benchmark pricing • Power plants • With international resources as the core • Pegged pricing • Transportation energy • Supplemented by domesti
Slide 16: Appendix 4. Simplified Model for a Typical City-gas Project & IE Project
Appendix 4. Simplified Model for a Typical City-gas Project & IE Project Cash flow break-even Cash flow break-even y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 y11 y1 y2 y3 y4 y5 y6 y7 y8 y9 y10 y11 CapEx Revenue Free cash flow Revenue Gas Usage Fee Connection Fee CapEx Free Cash Flow 1. Stable & Recurring Income
Slide 17: Disclaimer
免责声明 Disclaimer The information provided to you in this presentation is for reference only and does not constitute or form part of any offer for subscription or sale of, or solicitation of any offer to subscribe for or sale of any securities of ENN-NG (“the Company”), nor shall it form the basis of,