CTCI Corporation The 2 nd Investor Conference,

Transcription

1 CTCI Corporation The 2 nd Investor Conference,

2 Operation Review Jan. to Jul., 2018 Agenda Business Outlook Financial Highlights the 2 nd Half of

3 Operation Review Jan. to Jul.,

4 2018 Awards and Certifications ENR Magazine Rankings Sector International Contractors Global Contractors International Design Firms REBRAND 100 Global Awards Global Design Firms The CommonWealth Magazine Top 2,000 Enterprises Survey Company Item CTCI Contractor 1 1 Top 50 Most Profitable Companies (net profit after tax) Top 650 in Service Industry Company Item CTCI SEC CTCI MAC Contractor Contractor ECOVE Investment Holding 8 8 ECOVE ESC CTCI ASI Environmental Services IT Equipment Sales and Services Taiwan Sustainability Index MSCI Taiwan Small Cap Index Taiwan Stock Exchange (TWSE) Indices: TWSE CG 100 Index FTSE TWSE Taiwan Mid-Cap 100 Index FTSE TWSE Taiwan Eight Industries Index Taiwan RAFI EMP 99 Index Taiwan HC 100 Index 4

5 New Contracts and Breakdown Unit: NT$, Billion Southeast Asia 31% United States 19% China 5% Middle East 1% Taiwan 44% Industrial 33% Transportation 11% July-2018 PS. The contract amounts of projects selected as best applicants as of Aug are about NT$10 billion. Hydrocarbon 52% Environmental 2% Power 1% Other 1%

6 250 Backlog and Breakdown Unit: NT$, Billion South East Asia 31% Taiwan 54% United States 6% Middle East 6% China 3% 100 Hydrocarbon 31% Power 14% 50 Industrial 13% July-2018 Environmental 32% Transportation 10% 6

7 Major Projects Awarded in 2018 Taiwan Thailand India Taichung Power Plant Coal Handling System Improvement Project Taipei Wanda Line Phase I System E&M Project PTT Group LNG Receiving Terminal Project Adani Group LNG Receiving Terminal Project China United States Singapore Foxconn Group TFT-LCD High-End Cleanroom Project Petrochemical plant EPC Project * Refinery Plant FEED Project Awarded by an American Oil Company* Petrochemical Plant FEED project Awarded by a Middle Eastern Petrochemical Company* *Not yet receiving client s consent to disclose the project details 7

8 Major Project Awarded Taiwan Client Project Contractor Scale Scope Taiwan Power Company Taichung Power Plant Coal Handling System Improvement Project CTCI 1.15 MTA Engineering, Procurement, Construction and Commissioning Note: Once completed, this will be the system with the largest scale in Taiwan to prevent the coal dust emission from floating. Taichung 8

9 Major Project Awarded Taiwan Client Project Contractor Scale Scope Department of Rapid Transit Systems, Taipei City Government Taipei Wanda Line Phase I System E&M Project CTCI and Alstom 9.5 km (9 stations and 1 depot) Engineering, Procurement, Construction and Commissioning Taipei Phase II Phase I 9

10 Major Project Awarded China Client Project Contractor SAKAI SIO International Guangzhou Co., LTD (Foxconn Group) TFT-LCD High-End Cleanroom Project CTCI Shanghai Scale 140,000 m 2 Scope Procurement, Construction and Commissioning Note:This is by now the most advanced TFT-LCD panel production among the world s 10.5 generation TFT-LCD manufacturers. Guangzhou 10

11 Major Project Awarded Thailand Client Project Contractor Scale Scope PTT LNG Company Limited Nong Fab LNG Receiving Terminal Project CTCI and Saipem 7.5 MMPTA Engineering, Procurement, Construction and Commissioning Note: This is the LNG receiving terminal project with largest contract size for CTCI. Thailand Nong Fab 11

12 Major Project Awarded India Client Project Contractor Scale Scope Dhamra LNG Terminal Private Limited (Adani Group) Dhamra LNG Receiving Terminal Project CTCI 55 MMTPA Engineering, Procurement, Construction and Commissioning Note: The first time CTCI awarded a contract by Adani group, one of the top 5 leading enterprises in India. Dhamra 12

13 Business Outlook 13

14 Business Outlook Taiwan Hydrocarbon LNG Receiving Terminal: - CPC: 3 rd LNG Terminal Tank, Taichung LNG Phase III, Yung-An Plant Expansion - TPC: Taichung CPC & CGTD Tank Farm Project CPC Investment of High Value-added Petrochemical Products Several power plant expansion projects including Dah Tarn, Taichung, Shen Ao, and Hsin Ta IPP gas-fired power plant expansion projects including ChiaHui and Kuo-Kuang Power & Energy Offshore Wind Farm Taichung power plant units 5~10 and IPP Air quality control system Infrastructure 14 Kaohsiung Linhai Waste Water Reclamation Plant BTO Project (has been selected as the best applicant team) Taoyuan City Biomass Energy Center BOT Project (has been selected as the best applicant team) The Shared Utilities for Taoyuan International Airport T3 Area Project Taipei circular line Phase 2 & 3 E&M Project

15 Business Outlook The North America Louisiana: petrochemical plant of Formosa group Texas: petrochemical plants of Middle Eastern companies The Commonwealth of Independent States Russia: PTA/PET detail design work Kazakhstan: PTA/PET FEED work Asia China: Gulei Petrochemical Complex Macao: Municipal Solid Waste Incineration Plant Project Thailand: PTTLNG 2 nd Terminal expansion project and 3 rd LNG receiving terminal project mega petrochemical projects Bangkok MRT project Philippines: Waste to energy project The Middle East and North Africa KSA: Aramco oil and gas project the largest Oil-to-Chemical plant in the world Cogen power plant Malaysia: MPetronas RAPID Post- RAPID Investment Penang LRT IPP gas-fired power plant Singapore: Refinery and petrochemical projects Bengal: LNG receiving terminal project UAE: Gasoline & Aromatics project Kuwait: KIPIC petrochemical complex Vietnam: LNG receiving terminal project Hanoi MRT project Indonesia: Refinery project 15 Algeria: New refinery plant India: Refinery and petrochemical projects

16 Potential Opportunities in Next 12 Months CIS and Others: Hydrocarbon:25.9bn Total Amount Hydrocarbon:408.1bn Infrastructure, Environment and Power:106.7bn Unit:NT$ United States Hydrocarbon:81.1bn China Hydrocarbon:10.0bn Infrastructure, Environment, and Power: 5.0bn Taiwan Hydrocarbon:47.9bn Middle East Infrastructure, Environment, and Power:44.2bn Hydrocarbon:165.2bn Infrastructure, Environment, and Power:20.7bn India Hydrocarbon:10.0bn Southeast Asia Hydrocarbon:68.0bn Infrastructure, Environment, and Power:36.8bn 16

17 Financial Highlights 1 st Half of

18 Consolidated Sales Revenues and Breakdown Unit: NT$, Billion South East Asia 32% Middle East 24% Taiwan 37% Power 22% China 5% United States 2% Environmental 11% 20 Transportation 7% Industrial 6% 10 Others 5% July-2018 Hydrocarbon 51%

19 1 st Half of 2018 Consolidated Income Statement 2018/06/ /06/30 Unit: NT$, Thousand Sales Revenues 27,896, % 32,479, % Operating costs -25,892, % -30,105, % Gross Profit 2,004, % 2,373, % Operating expenses -903, % -1,020, % Operating income 1,100, % 1,352, % Total non-operating income and expenses 193, % 879,371* 2.7% Profit before income tax 1,294, % 2,232, % Income tax expense -311, % -331, % Profit for the period 982, % 1,900, % Profit attributable to Owners of the parent 727, % 1,657, % Total basic earnings per share * *This includes an one-off gain of NT$ 959 million, which is equivalent to basic earnings of NT$1.26 per share. 19

20 1 st Half of 2018 Consolidated Balance Sheet Unit: NT$, Thousand 2018/06/ /06/30 Current assets* 48,074, % 47,487, % Non-current assets 14,869, % 15,186, % Total assets 62,943, % 62,673, % Current liabilities 38,896, % 38,074, % Non-current liabilities 4,683, % 5,194, % Total Liabilities 43,579, % 43,269, % Equity attributable to owners of the parent 16,434, % 16,582, % Non-controlling interest 2,929, % 2,821, % Total equity 19,363, % 19,404, % Total liabilities and equity 62,943, % 62,673, % *Cash and cash equivalents:nt$15.3bn 20

21 Dividend Payout Unit: NT$ % EPS Cash DPS Cash Dividend Payout Ratio(%) 89% 90% 89% 89% 89% 86% 88% 85% 83% % 90% 80% 70% 60% 50% 40% 30% 20% 10% % 21

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