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 -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, , 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 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

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 technological capability Taichung , Taiwan in Air Quality Control System (AQCS) for beating International competitors.

17 New Project in 2015

Liwa Plastic Industrial Complex Steam Cracker Project and U&O Package

Oman Oil Refineries and Petroleum Industries Client Company (Orpic)

Contractor CTCI Corporation and CB&I

Capacity Steam Cracker 870 KTA (Kiloton Annually)

CTCI/ Investor Relationship Service Scope EPC

Location Oman • The biggest and the most important package of Liwa Plastics Industrial Complex. Sohar Port, Oman • The scope of work includes EPC and commissioning for a 870 kTA ethylene

production steam cracker plant , a 498 kTA selective hydrogenation plant, a 87 kTA methyl tertiary butyl ether plant , a 39 kTA butene-1 plant , and a 121 kTA Pygas plant.

18 New Project in 2015

Project Low density polyethylene (LDPE) project

Client FPC-USA

Contractor CTCI Corporation

Capacity 400 KTA(Kiloton Annually)

Service Scope Basic Design

CTCI/ Investor Relationship Location USA

• Breakthrough in the high-pressure LDPE technology • Successfully defeat the international peers, and enter the US market. • Significantly beneficial for acquiring potential construction project in US market

Texas,USA

19 New Project in 2015

Project Ethylene glycol (EG) plant expansion project

Client Nan Ya Plastics USA

Contractor CTCI Corporation

Capacity 830 KTA(Kiloton Annually)

Service Scope Basic Design

CTCI/ Investor Relationship Location USA

• Successfully defeats the international peers, and enters the US market

• Significantly beneficial for acquiring potential construction project in the US market. Texas,USA

20 New Project in 2015

Project YNP Ti-sponge EPC Project

Toho Titanium/Advanced Metal Industries Client Cluster Joint Venture Titanium Titanium dioxide plant CTCI Corporation/Chiyoda Corporation tetrachloride Contractor Plant Joint Venture

Capacity 15.6 KTA(Kiloton Annually) Titanium CTCI/ Investor Relationship plant Service Scope EPC

Location Saudi Arabia • After undertaking the cold mill steel plant project of CSC in India, CTCI was awarded the YNP Ti-Sponge Project, marking a milestone for entering overseas steel and non-ferrous plant Yanbu,Saudi,Arabia fields.

21 New Project in 2015

Project Gali Batu depot trackwork project

Client Land Transport Authority ,Singapore

Contractor CTCI Corporation

Length 5.6 kilometer

Service Scope EPC

CTCI/ Investor Relationship Location Singapore

• After undertaking the Downtown Line and Thomson Line trackwork projects in 2011 and 2014 respectively, CTCI was awarded the Gali Batu Depot trackwork project

Singapore • The contractor having the highest market share of all undergoing trackwork projects in Singapore

22 Backlog and Breakdown

Unit:NT$,Billion Middle East 30% 200 190.5 190 187.1

180 Malaysia 19%

170 163.5 160 Singapore 3% 154.6 Other 2% 153.2 Taiwan 45% China 1% CTCI/ Investor Relationship 150 Power 20% 140 Refinery 23% 130 Incineration 11%

120

110 Infrastructure 9%

100 Other 3% 2011 2012 2013 2014 2015 Petrochemical 32% Steel and Non Ferrous Metals 2% 23 On-going Projects in Middle East

Saudi Arabia Saudi Arabia SAMAC 250KTA MMA and TOHO/AMIC 15.6 KTA 40KTA PMMA Project Ti-Sponge YNP Project

CTCI/ Investor Relationship

Qatar Laffan Refinery 2 Project Ethylene Cracking Furnace Oman and Tank Project Liwa Plastic Industrial Complex Steam Cracker and U&O Package

24 On-going Projects in South East Asia

Philippines Thailand Pagbilao Unit 3 Seawater FGD Package Project Thai Oil 217MW SPP Project

Malaysia Petronas RAPID Refinery RFCC Project

CTCI/ Investor Relationship

Singapore DTL Stage 3 MRT Trackwork Project Thomson Line Trackwork Project Gali Batu Depot Trackwork Project

25 On-going Projects in Taiwan

Taipower DORTS Linkou 800MWx3 Fired Power Taichung MRT E&M system 林口 Plant Renewal Project 觀音 Talin 800MWx2 Coal Fired Power Plant Renewal Project Tung Hsiao 890MWx3 LNG fired OPSC 通霄 Power Plant Renewal Project Kuanying 152 KTA PTA Project Taichung Power Plant Unit 1 to 4 AQCS Retrofit Project 彰化縣 CTCI/ Investor Relationship USI CPC Kaohsiung 50 KTA EVA Project Talin No.11 DHDS Project 大林 Talin Refinery No.3 RDS Unit Revamping Project Asia Polymer Taichung LNG Plant Ph-II Re-gas Linyuan 50 KTA EVA Project Project Formosa Group Kraton 30 KTA HSBC Project 26 Company Overview Business Operation

 Financial Highlights Looking Forward CTCI/ Investor Relationship 2015 Consolidated Income Statement

Unit:NTD,Thousand

2015/12/31 2014/12/31 YOY Sales revenues 67,057,640 100.0% 57,691,937 100.0% 16.2% Operating costs (61,621,562) -91.9% (53,317,572) -92.4% 15.6% Gross profit 5,436,078 8.1% 4,374,365 7.6% 24.3% Operating expenses (2,434,166) -3.6% (1,672,034) -2.9% 45.6% Operating income 3,001,912 4.5% 2,702,331 4.7% 11.1% Total non-operating income and 318,740 0.5% 462,501 0.8% -31.1% CTCI/ Investor Relationship expenses Profit before income tax 3,320,652 5.0% 3,164,832 5.5% 4.9% Income tax expense (750,509) -1.2% (628,436) -1.1% 19.4% Profit for the period 2,570,143 3.8% 2,536,396 4.4% 1.3% Profit attributable to Owners of the 2,040,610 3.0% 2,092,199 3.6% -2.5% parent Total basic earnings per share 2.69 2.79 -3.6%

28 2015 Consolidated Balance Sheet

Unit:NTD,Thousand

2015/12/31 2014/12/31 2015/12/31 2014/12/31

Current assets* 45,298,807 42,090,608 Current liabilities 34,389,605 31,033,931 Non-current Financial assets 1,479,308 2,469,756 6,112,898 6,365,262 liabilities Long-term Non-current assets 14,931,779 14,792,740 2,611,950 2,926,350 borrowings Property, plant and Other non- 7,001,676 7,026,878 3,500,948 3,438,912 CTCI/ Investor Relationship equipment current liabilities Intangible assets 121,469 118,638 Total Liabilities 40,502,503 37,399,193 Other non-current 7,808,634 7,647,224 Total equity 19,728,083 19,484,155 assets

Total liabilities and Total assets 60,230,586 56,883,348 60,230,586 56,883,348 equity

*Cash and cash equivalents:NTD 5.6bn

29 Financial Data Summary

Unit :NTD Million, except per share data

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sales Revenues 33,582 43,954 52,244 47,098 51,877 56,279 60,522 52,223 57,692 67,058 Growth (%) 6.6 30.9 18.9 -9.8 10.1 8.5 7.5 -13.7 10.5 16.2 Gross Profit 2,186 3,065 3,369 3,668 4,289 4,655 5,159 4,217 4,374 5,436 Margin (%) 6.5 7.0 6.5 7.8 8.3 8.3 8.5 8.1 7.6 8.1 Net Income Before 1,233 1,815 1,979 2,356 2,737 3,272 3,453 2,510 3,165 3,321 CTCI/ Investor Relationship Tax EPS 1.67 2.12 2.41 2.65 2.91 3.22 3.32 2.22 2.79 2.69 Cash DPS 1.32 1.74 1.92 2.37 2.42 2.76 2.84 1.99 2.23 2.40 Stock DPS 0.21 0.12 0 0 0 0 0 0 0 0 Payout Ratios(%) 91.6 87.7 79.7 89.4 83.2 85.7 85.5 89.6 88.8 89.2 New Contract 70,534 18,516 71,771 60,232 54,935 79,542 60,173 66,924 77,866 64,458 Amount Total Backlog 91,864 67,110 86,703 100,811 100,094 154,649 153,228 163,517 187,102 190,465

30 Financial Snapshot

Unit: NTD 20% 4.0

18% 17.4% 16.9% 16.8% 3.32 16.0% 3.22 16% 15.5% 2.91 14.1% 2.79 3.0 2.84 2.69 14% 2.65 2.76 13.2% 13.1% 2.41 12% 2.37 2.42 2.22 2.40 10.7% 2.13 10.9% 2.23 10% 1.99 2.0 1.67 1.92 CTCI/ Investor Relationship 8.3% 8.3% 8.4% 8.1% 8.1% 1.74 7.8% 7.6% 8% 7.0% 6.5% 6.5% 1.32 6% 1.0 4% 5.3% 5.5% 4.4% 4.7% 5.0% 4.5% 4.5% 2% 3.5% 3.9% 4.1%

0% 0.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Return On Asset(%) Return On Equity(%) Gross Margin(%) EPS Cash DPS

31 Company Overview Business Operation Financial Highlights  Looking Forward CTCI/ Investor Relationship Strategy Overview

• The Results of Developing Overseas Markets – Malaysia: awarded mega refinery plant project from PETRONAS – Oman:awarded mega petrochemical plant project from OPRIC – Singapore: awarded MRT track work system project again

• Pursuit Reasonable Profit Projects and Enter Into Blue Ocean Market – Select the projects with bargain chance, higher margin and added values – Pursue FEED+EPs tenders then get the chances to persuade clients into EPC Lump sum for reasonable profit CTCI/ Investor Relationship . • Expand Products, Markets and Businesses – New Products: such as gas plant,isoprene,coal to chemicals,LNG ex port termical,HSBC and C4,C5 derivatives – New Markets: seek to alliance with local EPC companies and leverage the resources of oversea subsidiaries to expand the new markets, such as Indonesia,USA,Latin America and Myanmar – New businesses: to acquire upstream key technologies ,such as LNG Tank and develop downstream channel partners, such as US construction company through M&A or investment

33 Strategy Overview

• Maintain Current Business Markets , Enhance Engineering Core Abilities – Vertical integration of hydrocarbon business from two perspectives. The first is to expand the detail design engineering services to basic design services. The second is to expand construction, commissioning services to factory maintenance services – For MRT Business, to expand previous rail experience to invade light rail market and acquire signal and control system through M&A – Accumulating more experience in constructing refineries of titanium, nickel, copper, rare earth, coking plants

• Get More Long Term Contracts and Raise Stable Revenue Resources CTCI/ Investor Relationship – Developing petrochemical plant maintenance and incineration plant business in China and South East Asia

• Strength the Capability of the Oversea Subsidiaries – For clients in Mainland China prefers local companies, JDEC can be representing CTCI Group to develop in China. JDEC has been involved in non-hydrocarbon business – Advise the subsidiaries to upgrade independent bidding and project execution ability

• Efforts on Cost Saving – Control the procurement costs strictly and reduce the operating expenses

34 2016 Potential Opportunities

Total Amount Hydrocarbon:NTD385.6bn Infrastructure ,Environment and Power:NTD199.0bn America and Others Middle East Hydrocarbon:NTD34.6bn Hydrocarbon:NTD230.0bn Infrastructure ,Environment and Power:NTD1.0bn China Infrastructure ,Environment and Power:NTD20.0bn Hydrocarbon:NTD11.6bn CTCI/ Investor Relationship Infrastructure ,Environment and Power:NTD8.0bn

Taiwan Hydrocarbon:NTD10.1bn India Infrastructure ,Environment and Power:NTD34.3bn Hydrocarbon:NTD18.5bn Infrastructure ,Environment and Power:NTD21.0bn South East Asia Hydrocarbon:NTD80.8bn Infrastructure ,Environment and Power:NTD114.7bn

35 Thank You! CTCI/ Investor Relationship