CLP Holdings 2022 Interim Results Presentation Energy for Brighter Tomorrows Disclaimer 1 Potential investors, analysts and shareholders of CLP Holdings Limited (the Company) and other recipients of this document are reminded that this document and any oral discussion made together with this document (the presentation) are provided for your information purposes only and you may not forward, publish, distribute, release or disseminate any part of the presentation directly or indirectly to any other person. I ...

CLP Holdings Limited (OTCPK:CLPHY) Q2 2022 Earnings Conference Call August 8, 2022 3:45 AM ET Company Participants Marissa Wong - Director of Investor Relations Richard Lancaster - Chief Executive Officer Nicolas Tissot - Chief Financial Officer Conference Call Participants Evan Lee - HSBC Ken Liu - UBS Marissa Wong Good afternoon everybody and welcome to CLPÂ's 2022 Interim Results Briefing. IÂ'm Marissa Wong, Director of Investor Relations. And I am your host today. Which will be delivered today by CLP Ho ...

Sustainable Development and Climate Goals - CLP Holdings reported a focus on sustainable development as an integral part of its business strategy, celebrating its 120th anniversary in 2021[2]. - The company is committed to carbon reduction actions under the "Climate Vision 2050" initiative, addressing the impact of the Omicron variant on business units and future dividend policies[9]. - The report emphasizes a dual materiality approach, focusing on ESG topics that could create or diminish corporate value, while also addressing broader impacts on humanity, the environment, and the economy[3]. - The company is committed to achieving net-zero emissions and enhancing community resilience in response to climate change[26]. - The company committed to achieving net-zero emissions by the end of 2050 and aims to phase out coal-fired power generation by 2040, ten years earlier than previously planned[33]. - The company is committed to achieving net-zero greenhouse gas emissions by 2050, with interim targets of reducing greenhouse gas emissions intensity by 84% by 2030 and 52% by 2040 from 2019 levels[45]. - The company has revised its "Climate Vision 2050" to set more aggressive targets and accelerate the phase-out of coal-fired power generation[41]. - The company emphasizes the importance of collaboration with local governments and business partners to achieve climate goals and implement feasible decarbonization plans[38]. - The company aims to enhance operational capabilities and adapt to market needs while supporting carbon neutrality goals in Hong Kong[98]. - The company is committed to supporting the sustainable development of Hong Kong through strategic investments and partnerships[38]. Financial Performance and Investments - The total profit, excluding comparable items, decreased to HKD 8,491 million, yet the dividend remained at the same level as in 2020[20]. - Total revenue for 2021 reached HKD 83,959 million, an increase of 5.5% from HKD 79,590 million in 2020[21]. - The group's net profit for 2021 was HKD 9,474 million, down from HKD 12,508 million in 2020, indicating a decrease of about 24.3%[70]. - The company reported a capital return of 7.5%, down from 10.5% in 2020[21]. - The company has over 50 power projects across 15 provinces in mainland China, focusing on low-carbon energy development, including nuclear and renewable energy[15]. - The company plans to invest significantly in decarbonization projects across Hong Kong, mainland China, Australia, and India, demonstrating confidence in market prospects[34]. - The company reported net financial expenses of HKD 1,774 million, indicating a stable financial position despite challenges[28]. - The company has strengthened its relationships with stakeholders and provided community support to mitigate the impacts of the COVID-19 pandemic, with tax payments amounting to HKD 1,720 million[29]. - The company aims to enhance employee quality and productivity by fostering a flexible, innovative, and safe working environment[64]. - The company aims to leverage technology and its expertise in Hong Kong to expand sustainable energy solutions in the Greater Bay Area, responding to increasing demand for smart green energy services[36]. Operational Performance and Challenges - The group's operating profit decreased by 17.8% to HKD 9,517 million, primarily due to a decline in the Australian generation portfolio and high coal prices in mainland China[20]. - Operating profit from Hong Kong electricity and related businesses was HKD 8,490 million, while mainland China contributed HKD 1,660 million[15]. - The company is exploring potential investments in offshore wind power, new gas-fired power generation units, and the introduction of hydrogen power generation technology to reduce carbon intensity[9]. - The company is actively exploring zero-carbon project development opportunities in India through its partnership with CDPQ, with multiple large investment projects underway[36]. - The company is closely monitoring the trend of electrification in transportation and supports the Hong Kong government's roadmap for promoting electric vehicle adoption[46]. - The company is exploring electrification trends in certain market sectors, which will drive electricity demand growth and provide opportunities for market expansion[64]. - The company is actively seeking investment opportunities in low-carbon and zero-carbon projects to support Australia's energy transition[50]. - The company is exploring opportunities in smart energy development, including data centers and energy management systems, in response to ongoing market reforms[47]. - The company is committed to supporting China's carbon neutrality goals by maintaining high utilization rates for nuclear power projects[131]. Customer and Market Insights - The company serves approximately 2.71 million customers in Hong Kong, accounting for about 80% of the local population[16]. - The Australian market is characterized by competitive wholesale electricity services, with EnergyAustralia being one of the largest private generators[18]. - The company has launched a new website in October, modernizing its system technology to enhance customer experience and digital service offerings[110]. - The company continues to provide free charging facilities to support the development of electric vehicles in Hong Kong[110]. - The company has received 130 applications from various commercial entities for its "Green Building Fund" to support energy efficiency upgrades by the end of 2021[112]. Renewable Energy and Technological Advancements - The company is committed to developing smart energy services and expanding its renewable energy portfolio[15]. - The renewable energy generation capacity reached 3,624 MW in 2020, up from 3,398 MW in 2019[24]. - The company is exploring new technologies, including the conversion of gas units to support the use of green fuels like zero-carbon hydrogen[108]. - The company is constructing a second combined cycle gas turbine unit at the Lung Kwu Tan Power Station and an offshore liquefied natural gas receiving terminal, both crucial for the transition to natural gas as a key transitional fuel[43]. - The company has established a roadmap for hydrogen utilization in its gas-fired power facilities in Hong Kong, in collaboration with General Electric[43]. - The company is actively promoting the installation of smart meters and enhancing digital services to improve customer experience[44]. - The company has developed a large-scale battery storage system with a maximum output of 4 MW, which serves as an emergency backup power source[110]. - The company is exploring the development of zero-carbon hydrogen energy and other technologies to further reduce carbon emissions from power generation[110]. Strategic Partnerships and Collaborations - The company is exploring collaborations with CLP Group in hydrogen, microgrid, battery, and storage technologies to enhance capabilities and support a cleaner energy future[154]. - The company is actively collaborating with the Guangxi government to address power supply shortages and ensure stable operations at the Fangchenggang power plant[131]. - The company signed the "India's Electric Vehicle Ambition Statement" at COP26 to support the energy transition in the transportation sector[173]. - The company has invested in the "Southern Grid Energy Innovation Equity Investment Fund" to support new projects related to smart energy and innovation[132].

| --- | --- | |-------|-------| | | | | | | | | | 1 Disclaimer Potential investors, analysts and shareholders of CLP Holdings Limited (the Company) and other recipients of this document are reminded that this document and any oral discussion made together with this document (the presentation) are provided for your information purposes only and you may not forward, publish, distribute, release or disseminate any part of the presentation directly or indirectly to any other person. It is important to note that ...

CLP Holdings Ltd (OTCPK:CLPHY) Q2 2021 Earnings Conference Call August 2, 2021 3:45 AM ET Company Participants Angus Guthrie - Director, IR Richard Lancaster - CEO Nicolas Tissot - CFO Conference Call Participants Evan Li - HSBC Cissy Guan - Bank of America Merrill Lynch Angus Guthrie Welcome, ladies and gentlemen, to CLP's 2021 Interim Results Analyst Briefing and Webcast. I'm joined here today for the webcast by the CEO of CLP Holdings, Mr. Richard Lancaster to my right; and the CFO of CLP Holdings; Mr. N ...

CLP @中電 | 120 0 19 8 a f 《 1》 FOR years 同行望遠 of shared vision 2020 年報 股份代號 : 00002 2020 年報 股份代號 : 00002 2020年報 歡迎閱覽中電的2020年報。在這非比尋常的一年，業務可持續發展的重要 性在公共衛生危機下頓成焦點，本報告旨在匯報中電在新冠病毒疫情下， 採取了甚麼措施維持可靠的電力服務，同時支援員工、客戶、股東和社群 的需要。 中電持續提供可靠的能源服務，同時繼續推進 報告符合甚至優於適用的法定與監管要求以及 減碳和數碼化投資，當中所展現的堅韌能力， 會計準則，包括香港《上市規則》。我們繼續 充分凸顯集團經得起歲月考驗的業務方針。 根據氣候相關財務揭露工作小組（TCFD）的建 2021年是中電成立120周年的誌慶，本報告的 議，提高匯報透明度，讓持份者能夠了解 封面設計，表達了集團秉持的價值觀，同時呈 氣候變化為集團業務帶來的影響和機遇。有關 中電根據TCFD建議所作的詳細披露，可參閱 現我們與社群共建更美好、更可持續發展未來 的願景，並在環球經濟快速轉型中抓緊機遇。 《可持續發展報告》網上版。 一如既往， ...

CLP®中電 2019 年報 股份代號 : 00002 | --- | |-------------------------------------------------------------| | | | 歡迎閱覽中電的 2019 年報。近 120 年來，我們一直為香港的蓬勃 | | 發展灌注源源動力，並在亞太區多個市場建立了鞏固的業務根基。 | | 正當能源的未來成為大眾熱烈討論的議題之際，這份年報正好 | | 回顧過去一年，中電所定的目標、取得的成果和肩負的責任。 | 中電控股 2019 年報 1 能源轉型的浪潮席捲全球，作為區內最大獨立能源供應商之一，中電積極走在變革 的最前。如報告封面所展示，我們正透過減碳及數碼化，致力轉型為「新世代的 公用事業」。 就我們的願景、業務策略和發展進度，與投資者、客戶及所有其他持份者進行清晰 和有效的溝通十分重要。因此，本年報旨在清楚全面介紹及解釋中電的營運和財務 表現，以及我們在環境、社會及管治方面的成績。 一如既往，年報繼續奉行綜合匯報形式，根據國際整合性報導委員會（International Integrated Reporting Council）的匯報指 ...

Financial Performance - Operating profit decreased by 30.6% to HKD 5,474 million, reflecting the impact of reduced permitted return rates in Hong Kong and challenges in the Australian market [2]. - Total profit recorded a loss of HKD 907 million after accounting for a goodwill impairment of HKD 6,381 million related to EnergyAustralia's retail business [3]. - The total revenue for the first half of 2019 was HKD 43,838 million, down from HKD 46,464 million in the same period of 2018, representing a decrease of 5.7% [3]. - Cash inflow from operating activities was HKD 5,991 million, down 36.1% from HKD 9,382 million in the previous year [3]. - The net debt to total capital ratio increased to 28.1% from 25.5% in the previous year [3]. - EBITDAF for the same period was HKD 11,531 million, down 19.0% from HKD 14,243 million year-on-year [14]. - Consolidated EBITDAF was HKD 12,871 million, a decrease of 16.3% from HKD 15,386 million in the prior year [14]. - The company reported a loss attributable to shareholders of HKD 907 million, compared to a profit of HKD 7,436 million in the previous year [14]. - Revenue for the six months ended June 30, 2019, was HKD 43,838 million, a decrease of 5.5% compared to HKD 46,464 million in 2018 [99]. - Operating profit for the same period was HKD 483 million, significantly down from HKD 9,914 million in 2018, representing a decline of 95.1% [99]. - The net loss attributable to shareholders was HKD 907 million, compared to a profit of HKD 7,436 million in the previous year [99]. - The total comprehensive income for the period was HKD 177 million, a decrease from HKD 5,795 million in 2018 [100]. Dividends and Shareholder Returns - The interim dividend for the first and second periods increased to HKD 0.63 per share, up 3.3% from HKD 0.61 in the previous year [4]. - The company declared an interim dividend of HKD 0.63 per share for the six months ended June 30, 2019, compared to HKD 0.61 per share in the previous year [124]. - The first interim dividend of HKD 0.63 per share was distributed on June 14, 2019, representing a 3.3% increase compared to the same period in 2018 [74]. Investments and Development Plans - The company plans to invest HKD 52.9 billion in the development plan from 2018 to 2023 to ensure sufficient energy supply in Hong Kong [4]. - The company is expanding gas-fired power generation capacity and increasing natural gas supply sources through modern facilities and a new LNG receiving station project [4]. - The company is focused on expanding its renewable energy portfolio, including wind and solar power projects [10]. - The company plans to continue investing in power generation and supply businesses in Hong Kong, mainland China, India, and Australia, as well as in power projects in Southeast Asia and Taiwan [106]. Regulatory Environment and Compliance - The new regulatory agreement in Hong Kong is effective until 2033, providing a stable regulatory environment for the company [4]. - The company has signed multiple agreements to acquire transmission assets in India, marking a strategic step to diversify its business in the region [6]. - The company fully complied with the Hong Kong Stock Exchange's corporate governance code as of June 30, 2019, with only one deviation regarding the publication of quarterly results [78]. Operational Efficiency and Innovations - The operational efficiency of the wind and solar power portfolio in India has improved due to operational and technical enhancements [7]. - The company has begun using drones for external inspections of assets, reducing risks associated with manual inspections [7]. - The company is committed to reducing carbon intensity and increasing the proportion of natural gas in power generation [32]. - The company aims to install smart meters for all 2.6 million customers by the end of 2025, with 196,000 smart meters already installed as of June 30, 2019 [36]. Environmental and Community Initiatives - The company is focusing on transitioning to a "new generation utility" with a commitment to carbon reduction and community welfare [4]. - The company has committed to replacing over 1,000 traditional vehicles with electric vehicles by the end of 2030 as part of the EV100 initiative [7]. - The company has provided over 570,000 nutritious hot meals through its "Canteen with a Purpose" initiative since its launch in 2011 [70]. - CLP Holdings has engaged in various community projects in mainland China, including educational support for 450 students across 19 schools in Guangdong, Guangxi, Guizhou, and Yunnan [71]. Challenges and Market Conditions - EnergyAustralia's performance has moderated due to reduced generation from its power plants and intense competition in the retail sector [6]. - The average exchange rate decline of the Australian dollar impacted revenue, despite an increase in wholesale electricity market prices [15]. - EnergyAustralia's operating profit for the first half of 2019 was HKD 824 million, a significant decrease from HKD 2,257 million in the same period of 2018, reflecting operational issues and intense competition in the retail market [49]. - Approximately 173,000 EnergyAustralia customers, representing about 10% of retail customers, were transitioned to new regulated lower electricity prices as part of the government's new safety net retail price initiative [50]. Financial Position and Assets - Fixed assets and investment properties increased to HKD 149,317 million, a rise of HKD 1,372 million (0.9%) from December 31, 2018 [20]. - The company’s total assets included derivative financial instruments with a net asset value of HKD 2,938 million, an increase of 63.3% [20]. - The company’s total assets as of June 30, 2019, included a significant portion of fixed assets and right-of-use assets, indicating a strong asset base for future operations [126][127]. Governance and Management - The total remuneration for key management personnel was HKD 139 million for the six months ended June 30, 2019, up from HKD 115 million in 2018 [149]. - The company’s governance practices are designed to continuously seek improvement and align with evolving standards [77]. - The board confirmed that all directors dedicated sufficient time and attention to company affairs during the reporting period [81].