China Communications Construction Co. Ltd. Class A · SSE:601800
China Communications Construction Co. Ltd. Class A — H1 2007 Earnings Presentation
23 slides from China Communications Construction Co. Ltd. Class A's earnings presentation, 2007
Slide 1: China Communications Construction Company Limited 2007 Interim Results Presentation
China Communications Construction Company Limited 2007 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 2007 interim results announcement presentation. Copying or redistribution of this document to any person is strictly prohibited. The distribution of t
Slide 3: Agenda
Agenda ♦ Performance Highlights1 ♦ Financial Performance1 ♦ Outlook ♦Q & A Note: 1 2007 interim financial information herein is unaudited 2
Slide 4: Financial Highlights
Financial Highlights Robust financial performance with net income up 153.1% Six months ended RMB millions (except per share data) 2007-6-30 2006-6-30 Change (unaudited) (audited) Turnover 58,674 47,187 24.3% EBITDA1 5,869 3,536 66.0% Operating Profit 4,793 2,517 90.4% Profit attributable to the equi
Slide 5: Contribution by Segment
Contribution by Segment Turnover (1H 2007) 1 Segment result (1H 2007) 1,2 1,2 Other Port Machinery Other 1.2% Manufacturing 1.1% Port Machinery Infrastructure 17.3% Manufacturing Construction 41.3% 34.0% Dredging 10.4% Infrastructure Infrastructure Design Construction 4.8% 66.4% Infrastructure Desig
Slide 6: Infrastructure Construction Business
Infrastructure Construction Business Completed projects with RMB 39,263 million of contract value Ports Roads and Bridges Railways Business Wenzhou Container Port Siduhe Bridge Macheng – Huangpi Section, Wuhan – Hefei Railway New Contracts (RMB millions) Backlog （RMB millions） 80,000 71,127 160,000
Slide 7: Infrastructure Design Business
Infrastructure Design Business Completed projects with RMB 2,835 million of contract value Ports Roads Bridges Business Shanghai Yangshan Ningde – Wuyi Mountain Sutong Yangtze River Deepwater Harbour Express Highway Highway Bridge New Contracts (RMB millions) Backlog （RMB millions） 6,000 10,000 grow
Slide 8: Dredging Business
Dredging Business Completed dredging volume of 250 million cubic meters, accounting for 80% of the total domestic dredging volume Business “Xin Hai Long” self – propelled “Xin Hai Hu” self – propelled Qingdao Port Qianwan Phase III trailing suction hopper dredger trailing suction hopper dredger Dred
Slide 9: Port Machinery Manufacturing Business
Port Machinery Manufacturing Business Completed projects with RMB 10,206 million of contract value Business ZPMC Roll-On-Off Style Vessel ZPMC Three Trolley Style Container Crane New Contracts (RMB millions) Backlog （RMB millions） 20,000 growth rate = 32.0% 40,000 growth rate = 25.3% 16,400 33,000 1
Slide 10: Agenda
Agenda ♦ Performance Highlights1 ♦ Financial Performance1 ♦ Outlook ♦Q & A Note: 1 2007 interim financial information herein is unaudited 9
Slide 11: Summary Income Statement Data
Summary Income Statement Data Turnover Operating profit 80,000 6,000 YoY increase = 24.3% 4,793 58,674 YoY increase = 90.4% (RMB millions) (RMB millions) 60,000 47,187 4,000 40,000 2,517 2,000 20,000 0 0 1H2006 1H2007 1H2006 1H2007 Margin 5.3% 8.2% EBITDA1 Profit attributable to the equity holders o
Slide 12: Operating Cost Structure
Operating Cost Structure Improving Cost Structure Cost Breakdown (first half 2007) As % of sales As % of operating costs1 94.8% 93.3% Others 18.2% 14.1% Equipment usage costs 15.1% 3.3% 3.4% 3.6% 2.4% 6.8% Raw materials and 8.6% 7.7% consumables used Change in contract 39.2% 22.4% work-in-progress 2
Slide 13: Segment Turnover and Results: Infrastructure Construction
Segment Turnover and Results Infrastructure Construction Business Turnover1 Segment Result1,2 RMB millions RMB millions : 3 6.1% % th Rate 70.7 Grow 39,263 : 1 1,689 ate R w th o 28,845 Gr 624 1H 2006 1H 2007 1H 2006 1H 2007 DRIVER RESULTS ♦ Higher demand for construction services ♦ Turnover grew 36
Slide 14: Segment Turnover and Results: Infrastructure Design
Segment Turnover and Results Infrastructure Design Business Turnover1 Segment Result1,2 RMB millions RMB millions 20.1 % 2 0.7% e Rate : Rat th ： w th Grow 414 Gro 343 2,835 2,360 1H 2006 1H 2007 1H 2006 1H 2007 DRIVER RESULTS ♦ Rise in aggregate value of contracts ♦ Turnover grew 20.1% from 1H 2006
Slide 15: Segment Turnover and Results: Dredging
Segment Turnover and Results Dredging Business Turnover1 Segment Result1,2 RMB millions RMB millions Rat e : 22.4% :6 6.4% h Growt th Rate 754 6,142 G row 5,017 453 1H 2006 1H 2007 1H 2006 1H 2007 DRIVER RESULTS ♦ Increasing port development activities and ♦ Turnover grew 22.4% from 1H 2006 to 1H 20
Slide 16: Segment Turnover and Results: Port Machinery Manufacturing
Segment Turnover and Results Port Machinery Manufacturing Business Turnover1 Segment Result1,2 RMB millions RMB millions .9% t e : 12 th Ra . 3% Grow 10,206 04 :1 2,053 te 9,041 h Ra t G row 1,005 1H 2006 1H 2007 1H 2006 1H 2007 DRIVER RESULTS ♦ Global container transportation and market ♦ Turnover
Slide 17: Summary Balance Sheet Data
Summary Balance Sheet Data Total Assets Owner’s Equity Growth rate = 9.8% Growth rate = 17.2% 160,000 40,000 37,316 139,340 126,952 31,825 120,000 30,000 (RMB millions) (RMB millions) 80,000 20,000 40,000 10,000 0 0 2006-12-31 2007-6-30 2006-12-31 2007-6-30 Total Debt/Total Capitalization1 Total Deb
Slide 18: Summary Cash Flow Statement Data
Summary Cash Flow Statement Data Cash flow from operating activities Cash flow from investing activities 1,000 863 0 (2,000) (RMB millions) (RMB millions) 500 (4,000) (2,978) (6,000) (5,103) 0 (62) (8,000) (10,000) (500) 1H2006 1H2007 1H2006 1H2007 Cash flow from financing activities (Decrease) in c
Slide 19: Capital Expenditure
Capital Expenditure Capital expenditure Infrastructure ♦ Mainly used in construction Construction of plants and purchase 6,000 5,309 Business of equipment 66 5,000 3,551 4,000 (RM B m illio n s) Infrastructure 2,616 ♦ Mainly used in purchase of 70 Design equipment Business 3,000 1,443 700 2,000 140
Slide 20: Agenda
Agenda ♦ Performance Highlights1 ♦ Financial Performance1 ♦ Outlook ♦Q & A Note: 1 2007 interim financial information herein is unaudited 19
Slide 21: Strategy and Vision
Strategy and Vision Committed to maximizing its corporate value and creating superior shareholders’ value from outstanding results Capture CCCC’S Enhance leading growing position opportunities Deliver trustworthy services, high quality Innovate returns to profitability Strengthen model, corporate sh
Slide 22: Agenda
Agenda ♦ Performance Highlights1 ♦ Financial Performance1 ♦ Outlook ♦Q & A Note: 1 2007 interim financial information herein is unaudited 21
Slide 23: Contacts
Contacts Thank You For Your Attention YU Jingjing, TAN Lu, LI Yilin IR Team, CCCC Tel: +86-10-6428 0270 +86-10-6428 2516 Fax: +86-10-6428 3706 E-mail: [email protected] 22
China Communications Construction Company — H1 2007 Earnings Presentation on 6ix