CTCI Corporation The 1 st Investor Conference,

Transcription

1 CTCI Corporation The 1 st Investor Conference,

2 Agenda 2017 Operation Review Business Outlook 2017 Financial Highlights 2

3 2017 Operation Review 3

4 Accomplishments Review Company Honors Member of Dow Jones Sustainability Indices (DJSI) Emerging Markets Honored with various Taiwan Corporate Sustainability Awards (TCSA) in 2017, including The Outstanding Corporate Sustainability Professionals for Group Chairman Yu, Services Industry Golden Award under the Top 50 Corporate Sustainability Report Award Honored with Sustainability Excellence Award, Circular Economy Sustainability Award by BSI Listed as Top 5% companies for Corporate Governance Assessment by TWSE and Taipei Exchange Listed among Top 100 for Excellence in Corporate Social Responsibility by CommonWealth Magazine CTCI Wins the REBRAND 100 Global Awards for Successful Brand Transformation Group Chairman Honored by Chinese Professional Management Association with National Outstanding CEO Award Group Chairman Honored with the Highest Honor, Personal Award for Technology Management Award Group Chairman is honored with Lifetime Achievement Award 4

5 Accomplishments Review ENR Magazine Rankings Sector International Contractors Global Contractors International Design Firms Global Design Firms Industrial Process Manufacturing Steel and Non- Ferrous Metals Electronic Assembly 5 Item Top International Contractors Top International Design Firms Top International Contractors Top International Design Firms Top International Contractors Top International Design Firms Top International Contractors Top International Design Firms N.A N.A. N.A N.A. The CommonWealth Magazine Top 2,000 Enterprises Survey Contractor Sector Company Investment Holding Company CTCI Corp. 1 1 CTCI SEC CTCI MAC CTCI REI ECOVE 8 8 Environmental Services ECOVE ESC 2 3 IT Equipment Sales and Services CTCI ASI Item Company Top 50 Most Profitable Companies (net profit after tax) CTCI Corp

6 Accomplishments Review Accomplishments of project execution Saudi Kayan Furnace-10 Project selected as Winner of Best EHSS Mega Project Performer SAMAC MMA / PMMA Project awarded the Green Flag for Best EHSS Performance for the third consecutive time GEB RAPID P1 RFCC Project CCSM Team won The Best Contractor Award Singapore Thomson Line Trackwork Project awarded LTA Annual Safety Award 2017 Talin Refinery No.11 DHDS Project awarded Vendor for Outstanding HSE Performance by CPC 6

7 Backlog and Breakdown 250 Unit: NT$, Billion South East Asia 30% Taiwan 54% China 2% Other 2% Middle East 12% 100 Environmental 39% Hydrocarbon 27% 50 Power 20% Note: The new contract amounted NT$ 44 billion in 2017 Industrial 7% Other 1% Transportation 6%

8 Major Projects Awarded in 2017 Philippines-Aromatics & Butadiene Extraction Units, EPC Malaysia-Package 28B Mogas EURO 5, EPC Malaysia-Track 4A 1,440MW Combined Cycle Power Plant, EPC Malaysia-KLLRT3 Power Supply Project, EPC Vietnam-Lube Oil Blending Plant and Tank Farm Terminal, EPC Vietnam-Van Phong 1, 1,320MW Coal-Fired Power Plant, EPC Thailand-CUP4 Project, EPC KSA-Yansab Butadiene Project, FEED USA-Crude Oil Processing, Integrated Project Management Team, Early Start Plan, FEED 8

9 Major Projects Awarded- Southeast Asia The first project awarded by JG Summit, one of the largest publicly-listed trading companies in the Philippines Once again awarded a hydrocarbon project in the Philippines, an important milestone which marks CTCI s re-establishment in the Philippines market Client Project Contractor Scale Scope Location JG Summit Petrochemical Corporation Aromatics & Butadiene Extraction Units CTCI and CIPEC Construction Inc. Aromatics: 318 KTA Butadiene: 77.6 KTA Design, Procurement, Construction Philippines Batangas 9

10 Major Projects Awarded- Southeast Asia Once again awarded a RAPID project by Petronas, becoming the only EPC contractor to win 2 refinery contracts within the Pengerang Integrated Complex PRPC Refinery and Cracker Sdn Bhd is a subsidiary of Petronas, a stated owned company Client PRPC Refinery and Cracker Sdn Bhd Project Package 28B Mogas EURO 5 Contractor Scale Scope Location CTCI and MIE Industrial Sdn Bhd TAME: 17,500BPSD ISOM: 10,000BPSD CNHT: 43,000BPSD Design, Procurement, Construction and Commissioning Malaysia Johor 10

11 Major Projects Awarded- Southeast Asia The first project cooperating with GE for combined cycle power plant, and the first contract awarded by Tenaga Nasional Berhad (TNB) Client Project Contractor Scale Scope Location Southern Power Generation Sdn. Bhd. Track 4A 1,440MW Combined Cycle Power Plant CTCI and GE 2 x 720MW Design, Procurement, Construction and Commissioning Malaysia Johor 11

12 Major Projects Awarded- Southeast Asia The first transportation project in Malaysia Client Project Contractor Scale Scope Location Prasarana Malaysia Bhd KLLRT3 Power Supply Project, EPCC CTCI CMCE JV Sdn Bhd 38 km (26 stations and 1 depot) Design, Procurement, Construction and Commissioning Malaysia Kuala Lumpur 12

13 Major Projects Awarded- Southeast Asia Maxihub Company is the Joint Venture led by CPC Marks a milestone for New Southbound Policy of Taiwan Government Client Project Contractor Scale Scope Location Maxihub Company Limited Lube Oil Blending Plant and Tank Farm Terminal, EPC CTCI and CTCI Singapore Lube Oil: 32,000 KL per year Tank Farm: 25,000 KL per year Design, Procurement, Construction and Commissioning Vietnam 13 Dong Nai Province

14 Major Projects Awarded- Southeast Asia The first mega coal-fired power plant EPC project being awarded overseas Client Project Contractor Scale Scope Location Sumitomo Corporation Van Phong 1, 1,320MW Coal-Fired Power Plant, EPCC CTCI, IHI, Toshiba and MES 2 x 660MW Design, Procurement, Construction and Commissioning Vietnam Khanh Hoa Province 14

15 Major Projects Awarded- Southeast Asia Once again awarded cogeneration power plant expansion project by Thailand oil company Client Project Contractor Scale Scope Location Global Power Synergy Public Company Limited CUP4 Project, EPCC CTCI and CTCI (Thailand) 57 MW 70 T/H Design, Procurement, Construction and Commissioning Thailand Rayong 15

16 Major Projects Awarded The Middle East Continuously awarded FEED work by SABIC group Client Project Contractor Scale Scope Location Yanbu National Petrochemical Company (Yansab) Yansab Butadiene FEED Project CTCI 136,000 tons per year FEED Kingdom of Saudi Arabia 16

17 Major Projects Awarded- The United States The first American client since CTCI Americas was founded Client Project Contractor Scale Scope Location Jupiter MLP Crude Oil Processing CTCI and CTCI Americas CDU:140,000 BPSD Integrated Project Management Team, Early Start Plan, FEED The United States Texas 17

18 Business Outlook 18

19 Business Outlook Taiwan Hydrocarbon LNG Receiving Terminal: - CPC:3 rd LNG Terminal Tank, Taichung LNG phase III, Yung-An Plant Expansion - Taipower:Taichung - MPC:Mai-Liao CPC Talin Tank Farm Package project CPC Kaohsiung NC5 Plant Relocation project Investment of high value petrochemical products Several power plant expansion projects such as Dah Tarn, Shen Ao, Hsin Ta, etc. Power & Energy IPP gas-fired power plant expansion projects such as ChiaHui and Kuo-Kuang Offshore Wind Farm Infrastructure 19 Five Wastewater Treatment and Reclamation Plants such as Yong Kang and Linhai, etc. Integrated Waste Management Facility in Taoyuan Taipei Wanda Line MRT system, Taichung Power Plant Coal Handling System Improvement project

20 Business Outlook The America Petrochemical project in Texas Petrochemical project invested by Formosa group in Louisiana LCD panel plant invested by Foxconn in Wisconsin The Commonwealth of Independent States PTA/PET detail design work in Russia PTA/PET FEED work in Kazakhstan The Asia Gulei Petrochemical Complex project in China and FPC PDH Phase I project in Ningbo Integrated Solid Waste Management facility in Macao Multi-Biomass cogeneration system and cogeneration power plant in Thailand 20 The Middle East and North Africa Several mega gas related projects and the largest Oil-to- Chemical plant in the world in KSA Gasoline & Aromatics project in UAE Petrochemical project in Qatar New refinery plant in Algeria Energy from waste project in the Philippines MRT and high-speed rail projects and IPP gas-fired power plant in Malaysia Refinery project, MRT and highspeed rail projects in Singapore MRT project and air separate unit plant in Vietnam Refinery project in Indonesia Several refinery and petrochemical projects, LNG receiving terminal projects in India

21 Potential Opportunities in Next 12 Months India Hydrocarbon:39.5bn CIS and Others: Hydrocarbon:0.9bn Middle East Hydrocarbon:182.9bn Infrastructure, Environment, and Power:29.5bn Total Amount Hydrocarbon:431.8bn Infrastructure, Environment and Power:145.7bn United States Hydrocarbon:72.2bn China Hydrocarbon:10.4bn Infrastructure, Environment, and Power:7.6bn Taiwan Hydrocarbon:33.9bn Infrastructure, Environment, and Power:74.1bn Southeast Asia Hydrocarbon:92.0bn Infrastructure, Environment, and Power:34.5bn Unit:NT$ 21

22 2017 Financial Highlights 22

23 Consolidated Sales Revenues and Breakdown Unit: NT$, Billion Middle East 30% South East Asia 21% Taiwan 43% China 4% Others 2% Power 23% Environmental 8% 10 Industrial 6% Transportation 4% Hydrocarbon 56% Others 3%

24 2017 Consolidated Income Statement Unit: NT$, Thousand 2017/12/ /12/31 YOY Sales Revenues 71,606, % 70,509, % 1.6% Operating costs (66,495,104) -93% (64,323,846) -91.2% 3.4% Gross Profit 5,111, % 6,185, % -17.4% Operating expenses (2,096,474) -2.9% (2,023,306) -2.9% 3.6% Operating income 3,015, % 4,162, % -27.6% Total non-operating income and expenses 976, % (184,055) -0.3% 630.5% Profit before income tax 3,991, % 3,978, % 0.3% Income tax expense (701,255) -1.0% (964,753) -1.4% -27.3% Profit for the period 3,290, % 3,013, % 9.2% Profit attributable to Owners of the parent 2,805, % 2,222, % 26.2% Total basic earnings per share

25 2017 Consolidated Balance Sheet Unit: NT$, Thousand 2017/12/ /12/31 Current assets* 54,762, % 51,394, % Non-current assets 15,305, % 14,830, % Total assets 70,067, % 66,224, % Current liabilities 43,960, % 40,297, % Non-current liabilities 5,067, % 5,737, % Total Liabilities 49,027, % 46,034, % Equity attributable to owners of the parent 17,952, % 17,098, % Non-controlling interest 3,088, % 3,091, % Total equity 21,040, % 20,190, % Total liabilities and equity 70,067, % 66,224, % *Cash and cash equivalents:nt$19.4bn 25

26 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% % 26

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