ctci corporation the 2nd investor · industry 24 25 company item 2016 2017 ctci sec contractor 31...

CTCI Corporation

The 2nd Investor

Conference, 2018

2018.09.06

Agenda

• Operation Review – Jan. to Jul., 2018

• Business Outlook

• Financial Highlights – the 2nd Half of 2018

2

Operation Review – Jan. to Jul., 2018

3

Copyright © 2016 CTCI All Rights Reserved.

2018 Awards and Certifications

4

• 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

REBRAND 100®

Global Awards

Sector 2017 2018

International Contractors 99 76

Global Contractors 125 126

International Design

Firms71 75

Global Design Firms 126 146

The CommonWealth Magazine

Top 2,000 Enterprises Survey

Company Item 2016 2017

CTCI

Contractor 1 1

Top 50 Most

Profitable

Companies

(net profit after tax)

28 22

Top 650 in Service

Industry24 25

Company Item 2016 2017

CTCI

SECContractor 31 41

CTCI

MACContractor 42 39

ECOVE Investment Holding 8 8

ECOVE

ESC

Environmental

Services3 2

CTCI

ASI

IT Equipment Sales

and Services42 33

ENR Magazine Rankings

Copyright © 2016 CTCI All Rights Reserved.5

PS. The contract amounts of projects selected as best

applicants as of Aug. 2018 are about NT$10 billion.

77.9

64.5

85.6

44.4

60.3

0

10

20

30

40

50

60

70

80

90

2014 2015 2016 2017 July-2018

Unit: NT$, Billion

New Contracts and Breakdown

Taiwan 44%

Southeast Asia31% United States

19%

China 5%

Middle East 1%

Hydrocarbon 52%

Industrial 33%

Transportation11%

Environmental 2%Power 1%

Other 1%


Backlog and Breakdown

6

Taiwan 54%

South East Asia31%

United States6%

Middle East 6%

China 3%

Environmental32%

Hydrocarbon31% Power 14%

Industrial13%

Transportation10%

Unit: NT$, Billion

187 191

203

166

195

0

50

100

150

200

250

2014 2015 2016 2017 July-2018


Major Projects Awarded in 2018

7

Taiwan

Taichung Power Plant Coal Handling System Improvement Project

Taipei Wanda Line Phase I System E&M Project

Thailand PTT Group LNG Receiving Terminal Project

India Adani Group LNG Receiving Terminal Project

China Foxconn Group TFT-LCD High-End Cleanroom Project

United

StatesPetrochemical plant EPC Project *

Singapore

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


Client Taiwan Power Company

Project Taichung Power Plant Coal Handling System Improvement Project

Contractor CTCI

Scale 1.15 MTA

Scope Engineering, Procurement, Construction and Commissioning

8

Major Project Awarded ‒ Taiwan

Taichung

Note: Once completed, this will be the system with the largest scale in Taiwan to prevent the coal dust emission from floating.


Client Department of Rapid Transit Systems, Taipei City Government

Project Taipei Wanda Line Phase I System E&M Project

Contractor CTCI and Alstom

Scale 9.5 km (9 stations and 1 depot)


Major Project Awarded ‒ Taiwan

9

Taipei Phase IPhase II


Note：This is by now the most advanced TFT-LCD panel production among the world’s 10.5 generation

TFT-LCD manufacturers.

Major Project Awarded ‒ China

Client SAKAI SIO International Guangzhou Co., LTD (Foxconn Group)

Project TFT-LCD High-End Cleanroom Project

Contractor CTCI Shanghai

Scale 140,000 m2

Scope Procurement, Construction and Commissioning

10

Guangzhou


Note: This is the LNG receiving terminal project with largest contract size for CTCI.

Major Project Awarded ‒ Thailand

Client PTT LNG Company Limited

Project Nong Fab LNG Receiving Terminal Project

Contractor CTCI and Saipem

Scale 7.5 MMPTA


Nong Fab

Thailand

11


Note: The first time CTCI awarded a contract by Adani group, one of the top 5 leading enterprises in India.

Major Project Awarded ‒ India

Client Dhamra LNG Terminal Private Limited (Adani Group)

Project Dhamra LNG Receiving Terminal Project

Contractor CTCI

Scale 55 MMTPA


Dhamra

12

Business Outlook

13


Business Outlook

Taiwan

Hydrocarbon

• LNG Receiving Terminal:

- CPC: 3rd 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

Power & Energy

• 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

• Offshore Wind Farm

• Taichung power plant units 5~10 and IPP Air quality control system

• 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)

Infrastructure

• The Shared Utilities for Taoyuan International Airport T3 Area

Project

• Taipei circular line Phase 2 & 3 E&M Project14


Asia

• China: Gulei Petrochemical Complex

• Macao: Municipal Solid Waste

Incineration Plant Project

• Thailand: PTTLNG 2nd Terminal

expansion project and 3rd LNG receiving

terminal project、mega petrochemical

projects、Bangkok MRT project

• Philippines: Waste to energy project

• Malaysia: MPetronas RAPID Post-

RAPID Investment、Penang LRT、IPP

gas-fired power plant

• Singapore: Refinery and petrochemical

projects

• Bengal: LNG receiving terminal project

• Vietnam: LNG receiving terminal project、Hanoi MRT project

• Indonesia: Refinery project

• India: Refinery and petrochemical

projects

The North America

• Louisiana: petrochemical plant of

Formosa group

• Texas: petrochemical plants of Middle

Eastern companies

The Middle East and North

Africa

• KSA: Aramco oil and gas project、the largest Oil-to-Chemical plant in

the world、Cogen power plant

• UAE: Gasoline & Aromatics project

• Kuwait: KIPIC petrochemical

complex

• Algeria: New refinery plant

The Commonwealth of

Independent States

• Russia: PTA/PET detail design work

• Kazakhstan: PTA/PET FEED work

Business Outlook

15


Taiwan

Hydrocarbon:47.9bn

Infrastructure, Environment, and Power:44.2bn

Southeast Asia

Hydrocarbon：68.0bn


India

Hydrocarbon:10.0bn

Total Amount

Hydrocarbon:408.1bn

Infrastructure, Environment and

Power:106.7bn

China

Hydrocarbon:10.0bn

Infrastructure, Environment, and Power: 5.0bn

CIS and Others:

Hydrocarbon:25.9bn

Potential Opportunities in Next 12 Months

Unit：NT$

United States

Hydrocarbon:81.1bn

16

Middle East

Hydrocarbon:165.2bn


Financial Highlights – 1st Half of 2018

17


Consolidated Sales Revenues and Breakdown

18

57.7

67.1 70.5 71.6

34.0

0

10

20

30

40

50

60

70

80

2014 2015 2016 2017 July-2018

Unit: NT$, Billion

Taiwan 37%

South East Asia32%

Middle East24%

China 5%

United States 2%

Hydrocarbon51%

Power 22% Environmental11%

Transportation7%

Industrial 6%

Others 5%


1st Half of 2018 Consolidated Income Statement

Unit: NT$, Thousand

2018/06/30 2017/06/30

Sales Revenues 27,896,747 100% 32,479,440 100%

Operating costs -25,892,560 -92.8% -30,105,962 -92.7%

Gross Profit 2,004,187 7.2% 2,373,478 7.3%

Operating expenses -903,974 -3.2% -1,020,816 -3.1%

Operating income 1,100,213 3.9% 1,352,662 4.2%

Total non-operating income

and expenses193,963 0.7% 879,371* 2.7%

Profit before income tax 1,294,176 4.6% 2,232,033 6.9%

Income tax expense -311,733 -1.1% -331,957 -1.0%

Profit for the period 982,443 3.5% 1,900,076 5.9%

Profit attributable to Owners of

the parent727,722 2.6% 1,657,531 5.1%

Total basic earnings per share 0.95 2.18*

19

*This includes an one-off gain of NT$ 959 million, which is equivalent to basic earnings of NT$1.26 per share.


1st Half of 2018 Consolidated Balance Sheet

Unit: NT$, Thousand

2018/06/30 2017/06/30

Current assets* 48,074,239 76.4% 47,487,187 75.8%

Non-current assets 14,869,370 23.6% 15,186,626 24.2%

Total assets 62,943,609 100.0% 62,673,813 100.0%

Current liabilities 38,896,624 61.8% 38,074,466 60.8%

Non-current liabilities 4,683,320 7.4% 5,194,840 8.3%

Total Liabilities 43,579,944 69.2% 43,269,306 69.0%

Equity attributable to owners of

the parent16,434,513 26.1% 16,582,672 26.5%

Non-controlling interest 2,929,152 4.7% 2,821,835 4.5%

Total equity 19,363,665 30.8% 19,404,507 31.0%

Total liabilities and equity 62,943,609 100.0% 62,673,813 100.0%

*Cash and cash equivalents:NT$15.3bn

20


Dividend Payout

21

2.412.65

2.91

3.22 3.32

2.22

2.512.69

2.92

3.68

1.92

2.37 2.42

2.76 2.84

1.99 2.23

2.40 2.60

3.23

80%

89%

83%86% 85%

90% 89% 89% 89% 88%

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

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

EPS Cash DPS Cash Dividend Payout Ratio(%)Unit: NT$

ctci corporation the 2nd investor · industry 24 25 company item 2016 2017 ctci sec contractor 31...

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