ANNUAL RESULTS PRESENTATION. 20 March, 2014 Hong Kong

Transcription

1 ANNUAL RESULTS PRESENTATION 20 March, 2014 Hong Kong

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

3 Financial Highlights Total Assets (RMB billion) Increased 1.21%YoY Net Assets (RMB billion) Increased 11.26%YoY Operating Revenue (RMB billion) Decreased 0.10%YoY Net Profit (RMB billion) Increased 89.14%YoY Earnings per Share (RMB) Increased 89.74%YoY operating results prepared under IFRS

4 Business Performance Power Generation and Tariff , ,035 1,846 1,737 1,599 1,505 2,570 3,136 3,175 3, Power generation ('00 million kwh) In 2013, total domestic power generation of the Company was billion kwh, increasing by 4.98 % yoy. Average utilization hours of thermal units was 5,089, 77 hours higher than that for national average. Average tariffs settled for 2013 was RMB454.38/MWh, increased 0.04% over the same period last year.

5 Business Performance (continued) Fuel supply and Costs In 2013, the company totally purchased 134 million tons natural coal. Structure adjustment Price control Quality improving Long term Cooperation with bigger suppliers Increase of imported coal The unit fuel cost of power sold of the year for domestic power plants was RMB218.59/MWh, decreased 12.50% yoy.

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

7 Business Performance (continued) Domestic Projects Commissioned Projects Controlling Capacity (MW) Equity Capacity (MW) 2013 Coal fired 3, Gas fired Wind Total

8 Business Performance (continued) Business in Singapore Operating Revenue (RMB Billion) Decreased 28.23%YoY Net Profit (RMB Billion) Decreased 89.16%YoY Completion of Tembusu Multi-utility complex phase Ⅰand CCP5 project increased total capacity of 507MW The market share of power generation is 20.6 % in 2013, decreasing 4.6 ppt yoy

9 Business Performance (continued) Generation Capacity To date,the controlling generation capacity was 66,795 MW, and the equity-based generation capacity was 59,993 MW. 7.68% Generation Structure coal fired gas fired wind 89.75% oil fired hydro The Company has plants in 19 provinces, municipalities and autonomous regions of China, and a wholly-owned power company in Singapore % Class of Units 39.70% 16.40% 1000MW 600MW 300MW

10 Business Performance (continued) Dividends Payout 80% 70% 60% 50% 40% 30% 20% 10% 0% Pay-out Ratio Notes: Calculated under IFRS (DPS/EPS), the company paid dividends per share of RMB0.10 in spite of the losses in Our cash dividend payout will not be less than 50% of the distributable profit realized in the then year s consolidated financial statement.

11 Trend and Objectives Opportunities The Chinese macro-economy to be stable and power demand still to increase Generally ease of coal supply Trend of this year Funds supply is secured on good credit and various financing channels Challenges Uncertainties on policy of tariff, direct power purchase and energy conserving and environmental protection Interest liberalization and tight balance of funds supply to possibly increase difficulties in cash cost and availability

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

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

14 Listed for 20 years 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Capacity -MW 3,600 3,000 2,400 1,800 1, Generation 00 million KWh Creativity in capital market products Convertible bond Corporate bond Dim-sum bond Capital market honors Best shareholder return Best IR Best information disclosure Best listed company

15 POWERING TOMORROW