China Communications Construction Co. Ltd. Class A · SSE:601800
China Communications Construction Co. Ltd. Class A — H1 2011 Earnings Presentation
21 slides from China Communications Construction Co. Ltd. Class A's earnings presentation, 2011
Slide 1: 2011 Interim Results Presentation
(A joint stock limited company incorporated in the people’s Republic of China with limited liability) Stock Code : 1800 2011 Interim Results Presentation
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 2011 interim results announcement presentation. Copying or redistribution of this document to any person is strictly prohibited. The distribution of t
Slide 3: Financial Summary
Financial Summary Strong performance despite challenging global economic environment Six Months Ended RMB million (except per share data) 2010-6-30 2011-6-30 Change Revenue 120,154 138,925 15.6% EBITDA1 8,394 10,619 28.5% Profit for the year 3,899 5,791 48.5% Profit attributable to the equity holder
Slide 4: New Contracts and Backlog by Business Segments
New Contracts and Backlog by Business Segments New Contracts Backlog Growth rate =21.8% Growth rate = 21.2% 250,000 600,000 229,324 532,212 3,166 14,221 2,530 31,849 188,273 500,000 200,000 18,707 29,411 439,233 18,099 3,186 8,734 10,783 2,633 27,412 16,039 400,000 24,664 7,697 18,259 150,000 (RMB m
Slide 5: Contribution by Business Segments - Revenue
Contribution by Business Segments - Revenue Revenue (1H 2011) 1 1H2009 2010 1H 2011 2010 Change 变化(%) RMB % of RMB % of RMB Business Growth Heavy million total million total million Machinery Others Infrastructure Manufacturing 91,637 75.3% 107,834 76.3% 16,197 17.7% 2.1% Construction 6.4% Dredging
Slide 6: Contribution by Business Segments – Segment Result
Contribution by Business Segments – Segment Result Segment Result (1H 2011) 1,2 1H2009 2010 1H 2011 2010 Change 变化(%) RMB % of RMB % of RMB Business Growth million total million total million Heavy Machinery Infrastructure 3,786 66.4% 4,926 65.6% 1,140 30.1% Manufacturing Others Construction -3.2% 1
Slide 7: Operating Cost Structure
Operating Cost Structure Cost Breakdown (1H 2011) Cost Structure (1H 2011) As % of operating costs1 As % of sales 95.5% 95.3% 100% Others 17.0% 90% 16.2% 16.1% Raw materials Transportation 1.8% 1.5% and 80% costs 6.7% 6.4% consumables 1.6% 70% 7.3% 7.7% used Rentals 36.2% 60% 6.7% 50% 28.5% 29.1% Em
Slide 8: Infrastructure Construction – Business Performance
Infrastructure Construction – Business Performance Completed projects with RMB 107,834 million of contract value Key Projects Huangqunan Expressway recognized as Expansion project of Phase Ⅲ of Yantian Port the “model project” by MOC New Contracts Backlog Growth rate = 22.5% Growth rate = 23.0% 500,
Slide 9: Infrastructure Construction – Financial Performance
Infrastructure Construction – Financial Performance Revenue1 Gross Profit1 Growth rate = 27.6% Growth rate = 17.7% 150,000 10,000 7.1% 8.0% 6.6% 107,834 7,706 6.0% (RMB million) (RMB million) 91,637 6,041 100,000 5,000 4.0% 50,000 2.0% 0 0 0.0% 2010 1H 2011 1H 2010 1H 2011 1H Gross profit Gross prof
Slide 10: Infrastructure Design – Business Performance
Infrastructure Design – Business Performance Completed projects with RMB 5,963 million of contract value Key Projects Construction site of Hk-Macau-Zhuhai Bridge Shenzhen Dachan Bay Port Area New Contracts Backlog Growth rate = 13.5% Growth rate = -0.9% 10,000 25,000 8,734 New 7,697 20,000 18,259 18
Slide 11: Infrastructure Design – Financial Performance
Infrastructure Design – Financial Performance Revenue1 Gross Profit1 Growth rate = 34.8% Growth rate = 22.6% 8,000 2,000 26.2% 30.0% 5,963 23.8% 6,000 1,420 (RMB million) (RMB million) 1,158 20.0% 4,422 4,000 1,000 10.0% 2,000 0 0 0.0% 2010 1H 2011 1H 2010 1H 2011 1H Gross profit Gross profit margin
Slide 12: Dredging - Business Performance
Dredging - Business Performance Completed approximately 574 million cubic meters in terms of dredging volume, representing approximately 80% of the total domestic coastal dredging volume in China Key Projects CCCC key dredger named “Xin Hai Hu” operating Construction site of Tianjin Nangang Industri
Slide 13: Dredging – Financial Performance
Dredging – Financial Performance Revenue1 Gross Profit1 Growth rate = 17.0% Growth rate = 27.7% 20,000 3,000 13.7% 14.9% 16.0% 15,586 2,325 13,319 12.0% (RMB million) (RMB million) 2,000 1,821 10,000 8.0% 1,000 4.0% 0 0 0.0% 2010 1H 2011 1H 2010 1H 2011 1H Gross profit Gross profit margin Segment Re
Slide 14: Heavy Machinery Manufacturing - Business Performance
Heavy Machinery Manufacturing - Business Performance Completed projects with RMB 8,965 million of contract value Key Projects Automated container terminal of Busan Port Working site for erection of New Bay Bridge stands the gantryside cranes by ZPMC with crane vessels provided by ZPMC New Contracts
Slide 15: Heavy Machinery Manufacturing – Financial Performance
Heavy Machinery Manufacturing – Financial Performance Revenue1 Gross Profit1 Growth rate = -2.4% Growth rate = -17.8% 500 3.4% 4.0% 12,000 2.9% 9,190 400 8,965 3.0% (RMB million) 315 (RMB million) 8,000 300 259 2.0% 200 4,000 1.0% 100 0 0 0.0% 2010 1H 2011 1H 2010 1H 2011 1H Gross profit Gross profi
Slide 16: Capital Expenditure
Capital Expenditure Capital expenditure Growth rate = 5.0% Mainly used in investments Infrastructure 8,000 in BOT projects, purchases 7,350 Construction of machinery, equipments 6,998 11 Business 510 and vessels 20 1,194 1,284 6,000 86 Infrastructure Mainly used in the purchase 1,255 Design (RMB
Slide 17: Summary Income Statement Data
Summary Income Statement Data Revenue Gross Profit Growth rate = 15.6% Growth rate = 24.2% 150,000 138,925 15,000 8.6% 10.0% 120,154 8.1% 12,014 8.0% (RMB million) 9,674 (RMB million) 100,000 10,000 6.0% 4.0% 50,000 5,000 2.0% 0 0 0.0% 2010 1H 2011 1H 2010 1H 2011 1H Gross profit Gross profit margin
Slide 18: Summary Balance Sheet Data
Summary Balance Sheet Data RM B millions As at 2010-12-31 As at 2011-6-30 Change（% ） Non-Current Assets 119,563 125,473 4.9% Property, plant and equipment 52,973 52,914 -0.1% Intangible assets 15,906 19,062 19.8% Available-for-sale financial assets 15,452 15,261 -1.2% Trade and other receivables 22,
Slide 19: Summary Balance Sheet Data
Summary Balance Sheet Data Total Liabilities/Total Assets Total Liabilities/Net Assets 76.2% 77.8% 80.0% 500.0% 406.6% 400.0% 375.8% 60.0% 300.0% 40.0% 200.0% 20.0% 100.0% 0.0% 0.0% 2010-12-31 2011-06-30 2010-12-31 2011-06-30 Total Debt/Total Capitalization1 Net Debt/Net Assets 60.0% 56.3% 100.0% 90
Slide 20: Summary Cash Flow Statement Data
Summary Cash Flow Statement Data Cash Flow from Operating Activities Cash Flow from Investing Activities 0 0 (RMB million) (RMB million) -5,000 -4,000 -5,397 -6,471 -10,000 -9,336 -8,000 -7,367 2010 1H 2011 1H 2010 1H 2011 1H Cash Flow from Financing Activities Net Increase in Cash and Cash Equivale
Slide 21: Thank You
Thank You Investor Relations Team YU Jingjing, TAN Lu, LI Yilin, ZHAO Yang Tel: +86-10-8201 6562 Fax: +86-10-8201 6524 Email: [email protected]
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