Huaneng Power International, Inc. Class A · SSE:600011

Huaneng Power International, Inc. Class A — FY2013 Earnings Presentation

15 slides from Huaneng Power International, Inc. Class A's earnings presentation, Mar 20, 2014

1. Slide 1: Annual Results Presentation

   ANNUAL RESULTS PRESENTATION 20 March, 2014 Hong Kong

2. Slide 2: Content

   Content Ⅰ Financial Highlights Ⅱ Business Performance Ⅲ Trend and Objectives Ⅳ Outlook and Perspectives

3. Slide 3: Financial Highlights

   Financial Highlights Total Assets (RMB billion) Increased 1.21%YoY 262.233 Net Assets (RMB billion) Increased 11.26%YoY 62.451 Operating Revenue (RMB billion) Decreased 0.10%YoY 133.833 Net Profit Increased 89.14%YoY 10.426 (RMB billion) Earnings per Share (RMB) Increased 89.74%YoY 0.74 2013 operati

4. Slide 4: Business Performance: Power Generation and Tariff

   Business Performance  Power Generation and Tariff 3500 3,136 3,175 In 2013, total domestic 3000 3,024 power generation of the 2500 2,570 Company was 317.5 2,035 1,846 billion kWh, increasing 2000 1,737 1,599 by 4.98 % yoy. 1,505 1500 1,143 Average utilization hours 909 1000 559 714 of thermal units

5. Slide 5: Business Performance (continued): Fuel supply and Costs

   Business Performance (continued)  Fuel supply and Costs In 2013, the company totally purchased 134 million tons natural coal. Structure adjustment  Long term Cooperation with bigger suppliers Price control  Increase of imported coal Quality improving The unit fuel cost of power sold of the year f

6. Slide 6: Leading Technical & Energy Consumption Indicators

   Business Performance (continued) Leading Technical & Energy Consumption Indicators Average equivalent availability ratio 94.53% Average house consumption rate 5.28% Average coal consumption for generation 291.26g/kWh Average coal consumption for power sold 308.26g/kWh

7. Slide 7: Domestic Projects Commissioned

   Business Performance (continued)  Domestic Projects Commissioned Controlling Equity Projects Capacity Capacity (MW) (MW) Coal fired 3,072 2258 2013 Gas fired 382 195 Wind 48 25 Total 3503 2478

8. Slide 8: Business in Singapore

   Business Performance (continued)  Business in Singapore Operating Revenue Decreased 28.23%YoY 14.24 (RMB Billion) Net Profit Decreased 89.16%YoY 0.113 (RMB Billion) Completion of Tembusu Multi-utility complex phase Ⅰand CCP5 project increased total capacity of 507MW The market share of power genera

9. Slide 9: Generation Capacity

   Business Performance (continued)  Generation Capacity 7.68% Generation Structure coal fired gas fired  To date，the controlling generation wind capacity was 66,795 MW, and the 89.75% oil fired equity-based generation capacity was 59,993 MW. hydro  The Company has plants in 19 Class of Units provin

10. Slide 10: Dividends Payout

    Business Performance (continued)  Dividends Payout 80% 70% 60% 50% 40% 30% Pay-out Ratio 20% 10% 0% 2012 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2013 Notes： Calculated under IFRS (DPS/EPS), the company paid dividends per share of RMB0.10 in spite of the losses in 2008.

11. Slide 11: Trend and Objectives

    Trend and Objectives Opportunities  The Chinese macro-economy to be stable and power demand still to increase  Generally ease of coal supply  Funds supply is secured on good credit and various Trend of financing channels this year Challenges Uncertainties on policy of tariff, direct power purcha

12. Slide 12: Trend and Objectives (Continued)

    Trend and Objectives (Continued) Domestic generation 325 billion kWh Generation Objectives Utilization hours of domestic units 5000 hours for 2014 Further enhancing economic efficiency through restructuring and management Main Tasks Improving profitability in sustainable way Further fostering sustai

13. Slide 13: Outlook and Perspectives: Targets by 2015

    Outlook and Perspectives  Targets by 2015 Edge in tech good in Advantage manage- in layout ment First class listed company with excellence in governance & market value Synergism Optimized effect structure Remarkable in efficiency Trying to reach the controlling capacity goal of 80GW by 2015

14. Slide 14: Listed for 20 years

    Listed for 20 years Capacity -MW Generation—’00 million KWh 70,000 3,600 60,000 3,000 50,000 2,400 40,000 1,800 30,000 20,000 1,200 10,000 600 0 0 2008 1994 1996 1998 2000 2002 2004 2006 2010 2012 1998 1994 1996 2000 2002 2004 2006 2008 2010 2012 Best Convertible shareholder bond return Creativity i

15. Slide 15: Powering Tomorrow

    a He Wl BK FE HD I tt A BR SF] Huaneng Power International, Inc. POWERING TOMORROW

Huaneng Power International — FY2013 Earnings Presentation on 6ix