Introduction to Ctci Corporation
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CTCI/ Investor Relationship CTCI GROUP Our Vision The Most Reliable Global Engineering Service Provider Company Overview Business Operation Financial Highlights Looking Forward CTCI/ Investor Relationship 2 Introduction • The Largest Engineering, Procurement and Construction (“EPC”) Company in Taiwan -Over 50 years of industry experience (since the founder, CTCI Foundation set up in 1959) -2015 retained 1st in the category of EPC among Top 650 Service Enterprises(Common Wealth Magazine) • Offering Specialized Turn-key EPC Solutions -Ability to execute EPC contracts size over USD 1 billion -Expanded business lines from refinery, chemical and petrochemical into power, infrastructure, environmental protection, steel & nonferrous, storage & terminal, and waste-to-energy fields CTCI/ Investor Relationship • Significant Domestic and Overseas Experiences -Utilized the top-notch technologies transferred from abroad and has become a designated partner for many internationally well-known companies to collaborate with -Hundreds proven track records worldwide, including Taiwan, China, Thailand, Singapore, Malaysia, Vietnam, Philippines, Indonesia, India, KSA, Qatar and USA • One of Major EPC Firms in Asia -Global presence with approximately 7,000s employees stationed in more than 40s affiliates worldwide 3 Company Profile • History 1959 – China Technical Consultants, Inc. (now renamed as CTCI Foundation) established 1979 – CTCI Corporation founded by CTCI Foundation and two financial organizations 1993 – CTCI was listed in TWSE (9933 TT) 2011 – Chiyoda invested CTCI and became the major shareholder • Paid-in Capital ………………………………NTD 7.6 Billion (USD 229.9 Million)* • Market Cap……………………………………NTD 27.3 Billion (USD 0.8 Billion)* st CTCI/ Investor Relationship • Shareholder Structure(latest information as of 31 December , 2015) Local Institutional & Private Investors Foreign Institutional Investors 41.8% 58.2% *: Base date 31st Dec. 2015 CTCI Stock Price:35.85; Outstanding Shares :760,508,848; USD:NTD=1:33.08 4 Comprehensive Services Project Management Feasibility Engineering Commissioning & Study Procurement(P) Fabrication Construction(C) Design(E) Maintenance & Planning CTCI/ Investor Relationship • Process Design • Market Survey • Equipment Installation and Rigging • Piping Design • Enquiry and Purchasing • Piping / Steel Structure Fabrication • Civil and Structure Design & Erection • Inspection and Expediting • Instrumentation and Control Design • Electrical / Instrument Installation • Shipping, Delivery and Claims & Wiring • Electrical Design • Customs Clearance • Civil & Building • Mechanical and Equipment Design • Insurance • Painting & Insulation • Subcontracting • Construction Management • Permits and Banking Affairs 5 Business Areas Environment and Hydrocarbon Infrastructure, Plant Maintenance Resource Environment and Power CTCI/ Investor Relationship • Petroleum Refining • Power Plant • BOT & BOO • Maintenance Strategy/ • Petrochemical Processing • Infrastructure • Incineration O&M Planning/Execution • Chemical Manufacturing • Transportation • Resources Collection • Plant Inspection • Storage and Terminals • Steel Mill Recycling • Maintenance • Incineration and Energy • Renewable Energy • Asset Integrity Management Recovery • Air Pollution Control 6 Listed subsidiaries • Founded:1987 • Founded:1999 • Listed: 2002 • Listed: 2010 • Paid-in Capital: NTD 235 Million(USD 7 Million) • Paid-in Capital: NTD 658 Million(USD20 Million) • Market Cap: NTD1.0 Billion(USD 29 Million) • Market Cap: NTD 10.6 Billion(USD 319 Million) • 2015 EPS: NTD 3.40 • 2015 EPS: NTD 10.84 • CTCI Holding Ratio : 50.13% • CTCI Holding Ratio : 62.38% • Business area: • Business area: CTCI/ Investor Relationship -Main automation contractor -Incinerators O&M (8 of 24 in TW+2 in Macau) -Manufacturing execution system -New recycling business (Glass, Waste tire, and Food -Intelligent manufacturing waste) -Process optimization -Green energy (Small solar power plant) -Facility reliability *: Base date 31st Dec. 2015 *: Base date 31st Dec. 2015 CTCI Stock Price:41.05;Outstanding Shares :23,495,500; CTCI Stock Price:160.5;Outstanding Shares :65,779,115; USD:TWD=1:33.08 USD:TWD=1:33.08 7 Global Network Domestic Manpower Taiwan 5,841 Overseas Manpower Beijing 599 Shanghai 97 Thailand 329 CTCI/ Investor Relationship Vietnam 218 India 116 Saudi 111 Arabia Singapore 18 Malaysia 7 Sub-total 1,495 Total 7,336 As of Feb. 29th ,2016 8 Competitive Advantages • Comprehensive EPC experiences – Full knowledge of major licensors and EPC firms – Strategic alliance successfully with selected technology providers – Significant EPC experiences in multiple geographical regions and industrial sectors • Cost Effective – Local engineering workforce is highly cost-competitive compared to western and Japanese peers – Valuable engineering design and sound project management by competent engineers and project CTCI/ Investor Relationship management team • Long-Standing Client Relationships – Performed EPC services for numerous major domestic and international clients – Repeat clients gain through solid track records • Green Energy Business Competitiveness – Incineration plant business with competitive advantages. Growing environmental business opportunities 9 Significant Track Records (1/3) Client Project Location Liwa Plastic Industrial Complex Steam Orpic Oman Cracker and U&O Package 2015 FPC-USA Low density polyethylene (LDPE) USA Nan Ya Plastics USA Ethylene glycol (EG) plant expansion USA Toho Titanium YNP Ti-sponge EPC Saudi Arabia Land Transport Authority Gali Batu depot trackwork Singapore Client Project Location Petronas 140 KBPSD RAPID Refinery RFCC Malaysia CTCI/ Investor Relationship 2014 SAMAC 250KTA MMA and 40KTA PMMA KSA Land Transport Authority Singapore Thomson Line Track work Singapore CPC Talin #11 DHDS Taiwan Far Eastern FUPY 75/450KTA EO/EG China Client Project Location Tai Power 900 MWx3 Power Generating Equipment for Taiwan Tung Hsiao Power Plant Renewal 2013 LRC2 146000 BPSD Laffan Refinery 2 Qatar OPTC Kuan-Yin 1520 KTA lINE 3 PTA Plant Taiwan KFPC 30 KTA HSBC Project Taiwan 10 Significant Track Records (2/3) Client Project Location Tai Power 800 MWX2, Power Generating Equipment for Taiwan Talin Power Plant Renewal 2012 QAPCO Furnaces and Ethylene Tank Qatar USI Kaohsiung Plant 50 KTA EVA Taiwan QAPCO Regenerative Thermal Oxidizer System Taiwan CPC Talin #10 SRU Taiwan Client Project Location Tai Power Lin Kou Power Plant Renewal Taiwan 2011 Dept. of Rapid Transit Taichung MRT Green Line E&M /AFC Taiwan CTCI/ Investor Relationship Land Transport Authority Trackwork EPC Singapore Petronet LNG Expansion India Client Project Location IBN RUSHD (Sabic Group) IR-II Expansion Saudi Arabia Saudi Kayan (Sabic Group) Amines EPC Saudi Arabia 2010 Kimanis Power 300MW Combined Cycle Power Plant Malaysia Dragon Steel NO.2 Sinter Plant Election Work Taiwan Formosa Petrochemical RDS No.2 Reconstruction Work Taiwan China Steel Corporation Trackwork, Earthwork and Drainage Taiwan 11 Significant Track Records (3/3) Client Project Location Aramco/Total JERP Package Saudi Arabia Saudi Kayan (Sabic Group) Utility Block Saudi Arabia 2009 Petronet LNG India Government of the Macau O &M of the Macau Refuse Incineration Macao Plant Chinese Petroleum No.6 Naphtha Cracker Taiwan Client Project Location PTTAC AN/MMA Thailand CTCI/ Investor Relationship Titan Petrochem Propylene /Butadiene Extraction Malaysia 2008 PTTUT Central Utility NO.1 PhaseⅠ~Ⅳ/ CUP-Ⅲ Thailand Taipei City Government Taipei MRT Xinyi-Songshan Line Core Taiwan System Chinese Petroleum RFCC Taiwan Dragon Steel Sintering Taiwan Client Project Location 2007 QAPCO Ethylene Package NO.2 Qatar Thai Olefins Olefins Debottlenecking Thailand Taipei City Government Taipei MRT Tucheng Line Power System Taiwan 12 Company Overview Business Operation Financial Highlights Looking Forward CTCI/ Investor Relationship Consolidated Sales Revenues and Breakdown Unit:NT$,Billion Middle East 19% 80 70 67.1 Malaysia 10% 60.5 60 57.7 56.3 Thailand 6% 52.2 Taiwan 56% 50 China 5% Singapore 3% Other 1% CTCI/ Investor Relationship 40 Refinery 21% Petrochemical 20% 30 20 Infrastructure 10% 10 Incineration 5% Power 37% 0 Other 5% 2011 2012 2013 2014 2015 Hi-Tech 2% 14 New Contracts and Breakdown Unit:NT$,Billion Middle East 69% 90 Taiwan 18% 79.5 80 77.9 Malaysia 6% 70 66.9 64.5 China 4% Others 3% 60.2 CTCI/ Investor Relationship 60 Refinery 10% Petrochemical 65% Steel and Non 50 Ferrous Metals 6% Infrastructure 6% 40 Other 6% Hi-Tech 4% 30 Air Pollution Control 2011 2012 2013 2014 2015 3% 15 New Project in 2015 Project Talin Plant #3 RDS & #8 SRU Project Client CPC Corporation Contractor CTCI Corporation RDS 40,000 (barrels/day, BPSD) Capacity SRU 250 (tons/day, TPD) CTCI/ Investor Relationship Service Scope EPC Location Taiwan • Rich high-pressure hydrogen engineering design and plant expansion experiences in domestic and overseas markets. • Won several public works quality awards. • Capacity of RDS increased from 30,000 to 40,000 BPSD.ccvc ; Capacity of SUR increased Kaohsiung, Taiwan from 200 to 250 TPD. 16 New Project in 2015 Taichung Power Plant Unit 1 to 4 AQCS Retrofit Project Project Client Taiwan Power Company CTCI/Mitsubishi Corporation/Mitsubishi Hitachi Contractor Power Systems Capacity NA CTCI/ Investor Relationship Service Scope EPC Location Taiwan • Once completed, it will reduce emissions of particulate pollutants, SOx and NOx by 61 tonnes/year (3.3%), 503 tonnes/year (3.2%), and 2,154 tonnes/year (9.9%) respectively. • Demonstrated CTCI’s