CTCI Corporation · new additional furnace, decoking drum, GAS dryer, etc., increasing the capacity...

CTCI Corporation The 2nd Investor Conference, 2016 September 26th , 2016

Agenda

• Operation Review – 2016

• Operation Strategies and Business

Outlook

• Financial Highlights – the1st Half of 2016

2

Operation Review – 2016

3

Copyright © 2016 CTCI All Rights Reserved.

Operation Review - 2016

Hydrocarbon Business Operations

• CPC Talin RFCC Plant Pipeline Project, Taiwan

• Saudi Kayan Ethylene Cracking Furnace No.10 Expansion Project, KSA

• SABIC EO/EG Revamping FEED Project, KSA

• PLL Dahej LNG Expansion Regas Facilities Project, India

• Safpet LLC PTA/PET Basic Engineering Design Project ,Russia(in cooperation with

Chemtex)

4


Operation Review - 2016

Infrastructure, Environment and Power Business Operations

• Chung Li Sewerage System BOT Project ,Taiwan

• Feng Shan Shi Wastewater Reclamation BTO Project, Taiwan

• CPC Talin Plant Wastewater Reclamation Project, Taiwan

• Cheng Loong Houli District Cogeneration Boilers SCR Project, Taiwan

• Formosa Utility Venture Ltd Utility-3 Power Plant Basic Design Project, USA

5


Significant Projects Awarded

• CTCI and the partner jointly implement all phases of this project with 35 years of

concession period, serving 200,000 households and improving the life quality in southern

Taoyuan.

Client Taoyuan City Government

Project Chung Li Sewerage System BOT

Project

Contractor Consortium of CTCI & HEC

Scale 156,800 CMD per day

Scope Investment, EPCC and O&M (BOT)

Location Taiwan

6



• CTCI and the partner jointly implement all phases of project with 17 years concession

period, producing reclaimed water to Linhai industrial park.

• This is the first that reclaimed the water from municipal wastewater plant project in

Taiwan.

Client Kaohsiung City Government

Project Feng Shan Shi Wastewater

Reclamation BTO Project

Contractor Consortium of HEC & CTCI


Scope Investment, EPCC and O&M (BTO)

Location Taiwan

7



• Once again awarded by CPC with Talin Plant wastewater reclamation project after

executing CPC LinYuan Plant wastewater reclamation project.

Client CPC Corporation

Project CPC Talin Plant Wastewater

Reclamation Project

Contractor CTCI Corporation


Scope EPCC

Location Taiwan

8



• Awarded the Ethylene Cracking Furnace Project which comprises the installation of a

new additional furnace, decoking drum, GAS dryer, etc., increasing the capacity of

ethylene by 200 thousand tons.

• Saudi Kayan is a subsidiary of SABIC, which is among the Top 3 petrochemical

companies in the world.

Client Saudi Kayan

Project #10 Ethylene Cracking Furnace Project

Contractor CTCI Corporation

Scale 200 KTA / year

Scope EPC

Location KSA

9

http://www.saudikayan.com.sa/



• Awarded the Dahej LNG Terminal Expansion Regasification Facilities Project from

Petronet LNG Limited in India. (LNG Terminal Regasification Facilities Project in Kochi

was already finished)

• Total capacity will be increased from 15 million tons to 17.5 million tons.

Client Petronet LNG Limited

Project Dahej LNG Terminal Expansion Regasification

Facilities Project

Contractor Consortium of CTCI, CINDA

Scale 2.5 Million tons/year

Scope EPCC

Location India

10


Accomplishments Review

Project Execution Honors

• CTCI received commendations from PETRONAS for RAPID

Package 1 RFCC Project

• CTCI/CTCI (Thailand) awarded appreciation and recognition for

TOP SPP Project Achievements in COD completion and 10

Million Man-hours without LTI by Thai Oil

• SAMAC MMA/PMMA Project awarded Winner of the Best

Project Performer by SABIC

Company Honors

• Listed by Dow Jones Sustainability Indices (DJSI) in its

Emerging Markets index

• Evaluated as Top 5% in “Corporate Governance Evaluation

System”

• Recognized with Standard Pioneer Award by BSI Taiwan

Branch

• Certified with AA1000 for Corporate Sustainability Report

11


Accomplishments Review

The CommonWealth Magazine Top 2,000 Enterprises Survey

• Industrial Rankings：

ENR Magazine Rankings

• Contractor and Design Firm Rankings：

Sector Company 2015 2016

Contractor CTCI Corp. 1 1

Contractor CTCI SEC 33 30

Contractor CTCI MAC 43 41

Contractor CTCI REI 54 51

Investment Holding Company KD Holding 5 8

Environmental Services SESC 2 2

IT Equipment Sales and Services CTCI ASI 35 33

Sector 2015 2016

International Contractor 122 100

Global Contractor 148 139

International Design

Firms 103 92

Global Design Firms 136 147

12

Operation Strategies and Business

Outlook

13


Operation Strategies and Business Outlook

CTCI’s Rebranding project

• Brand Slogan：“Discover Reliable”

• Brand Spirit：“Most Reliable”

• Brand Vision： “ The World’s Most Reliable Engineering Services Provider”

14



Maximizing Current Business: Market Expansion

• The business opportunities of Shale Gas in the United States Market

The successful extraction of Shale Gas will help to reduce the production cost of

petrochemical products, making the United States the most booming place for petrochemical

investment. Owners provide numerous opportunities for building plants through plenty of

investment, e.g. ethylene plants and downstream petrochemical plants

CTCI Corporation already won several engineering design projects, such as FPC-USA

LDPE project, Nan Ya Plastics USA EG plant expansion project, and FUV Utility-3 Power

Plant project, and has several bidding opportunities for construction..

• One-Belt, One-Road

Approaches: Joint venture or consortium

Industries: Hydrocarbon, transportation, storage facilities, energy, smart utility systems,

environmental protection and green energy, etc.

Advantages: Abundant experience in international EPC projects execution and robust

financial ability.

15


• CIS Market

Considering that the hydrocarbon field provides plentiful business opportunities for

building plants, CTCI has planned to partner with Chinese companies to enter the

market.

CTCI Beijing and Chemtex awarded a PTA/PET basic engineering design contract in

Russia, laying a solid foundation to extend market reach in the future.

16



Power Plant Wastewater Reclamation

Plant

Industrial Plant LNG Terminals

Operation Strategies and Business Outlook Government Policy Related Opportunities

• Energy Policy：

Revamp old power plants and build new gas-fired power plants : the decreased electricity reserve might bring more opportunities for power plant projects in the next few years

Build new LNG terminals：with the potential natural gas-fired power plants the demand for natural gas will be increased

Energy conservation and carbon emission reduction：Air quality improvement work for old power plants, and environmental reinforcement work for new power plants

Modification of the Electricity Act, and Promotion of the Electricity liberalization：build new gas-fired power plants and cogeneration plants

• Wastewater Reclamation Policy：Among the six Wastewater Reclamation projects in Taiwan planned by CPAMI, CTCI awarded one project

• New Southeast Asia Policy：CTCI’s presence in Southeast Asia countries including India, Vietnam, Indonesia, and Philippines, making it easier to seize opportunities to build plants for Taiwanese companies

17

Track Records


Developing New Ventures : Taiwan's Long-Term Care Industry

• Cooperating with MCS company (Medical Care Service Company Inc.) to develop the aged care business

in Taiwan and a MOU has been signed.

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Taiwan

Hydrocarbon:10.1bn

Infrastructure, Environment, and Power:34bn

India

Hydrocarbon:32bn

Infrastructure, Environment, and Power:10.5bn

Total Amount

Hydrocarbon:481.9bn

Infrastructure, Environment and Power:216.1bn

China

Hydrocarbon:9.8bn


USA, CIS, and Others

Hydrocarbon:28.3bn

Infrastructure, Environment and

Power:3.2bn

2016Q4~2017 Potential Opportunities

19

Middle East

Hydrocarbon:300bn

Infrastructure, Environment, and Power:20bn

South East Asia

Hydrocarbon:101.7bn


Unit: TWD

Financial Highlights – 1st Half of 2016

20


60.5

52.2

57.7

67.1

44.6

0

100

200

300

400

500

600

700

800

2012 2013 2014 2015 2016/8

Consolidated Sales Revenues and Breakdown

21

Unit:TWD, Billion

Taiwan 54%

Middle East 22%

South East Asia 19%

China 3%

Other 2%

Hydrocarbon 47%

Power 31%

Environmental 8%

Other 6%

Industrial 5%

Transportation 3%


New Contracts and Breakdown

22

Taiwan 90%

Middle East 3%

South East Asia 4%

China 3%

Hydrocarbon 8%

Power 2% Environmental 81%

Other 2%

Industrial 6%

Transportation 1%

60.2

66.9

77.9

64.5 63.1

0

100

200

300

400

500

600

700

800

900

2012 2013 2014 2015 2016/8

Unit: TWD, Billion


Unit: TWD, Billion

Backlog and Breakdown

23

Hydrocarbon 42%

Power 12%

Environmental 35%

Other 3%

Industrial 2%

Transportation 6%

153.2 163.5

187.1 190.5

206.5

0

500

1,000

1,500

2,000

2,500

2012 2013 2014 2015 2016/8

Taiwan 57%

Middle East 24%

South East Asia 17%

China 1% Other 1%


Consolidated Income Statement in 1st Half of 2016

Unit:TWD,Thousand

2016/06/30 2015/06/30 YOY

Sales Revenues 31,788,598 100.0% 29,863,584 100.0% 6.4%

Operating costs (28,851,536) -90.8% (27,454,289) -91.9% 5.1%

Gross Profit 2,937,062 9.2% 2,409,295 8.1% 21.9%

Operating expenses (927,869) -2.9% (766,764) -2.6% 21.0%

Operating income 2,009,193 6.3% 1,642,531 5.5% 22.3%

Total non-operating income

and expenses 7,694 0.0% (91,803) -0.3% 108.4%

Profit before income tax 2,016,887 6.3% 1,550,728 5.2% 30.1%

Income tax expense (465,865) -1.5% (322,580) -1.1% 44.4%

Profit for the period 1,551,022 4.9% 1,228,148 4.1% 26.3%

Profit attributable to Owners

of the parent 1,028,778 3.2% 988,647 3.3% 4.1%

Total basic earnings per

share 1.35 1.31 3.1%

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Consolidated Balance Sheet in 1st Half of 2016

Unit: TWD, Thousand

2016/06/30 2015/06/30 2016/06/30 2015/06/30

Current assets* 48,050,606 41,876,995 Current liabilities 38,019,557 31,980,460

Financial assets 1,083,283 1,276,439 Non-current liabilities 5,676,556 6,157,411

Non-current assets 14,558,797 14,839,696 Long-term borrowings 2,437,150 2,769,150

Property, plant and

equipment 6,873,492 6,933,450

Other non-current

liabilities 3,239,406 3,388,261

Intangible assets 86,263 121,772 Total Liabilities 43,696,113 38,137,871

Other non-current

assets 7,599,042 7,784,474 Total equity 18,913,290 18,578,820

Total assets 62,609,403 56,716,691 Total liabilities and equity 62,609,403 56,716,691

**Cash and cash equivalents:NT$9.8bn

25


1.67

2.13

2.41 2.65

2.91

3.22 3.32

2.22

2.51 2.69

1.32

1.74 1.92

2.37 2.42

2.76 2.84

1.99

2.23 2.40

79% 82%

80%

89%

83% 86% 85%

90% 89% 89%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

EPS Cash DPS Cash Dividend Payout Ratio(%) Unit:TWD

Dividend Payout

26


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CTCI Corporation · new additional furnace, decoking drum, GAS dryer, etc., increasing the capacity...

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