CTCI Corporation
The 1st Investor
Conference, 2018
2018.03.27
Agenda
• 2017 Operation Review
• Business Outlook
• 2017 Financial Highlights
2
2017 Operation Review
3
Copyright © 2016 CTCI All Rights Reserved.
Accomplishments Review
4
Company Honors
• Member of Dow Jones Sustainability Indices (DJSI) Emerging Markets
• Honored with various Taiwan Corporate Sustainability Awards (TCSA) in 2017, including “The
Outstanding Corporate Sustainability Professionals” for Group Chairman Yu, “Services Industry
Golden Award” under the “Top 50 Corporate Sustainability Report Award”
• Honored with “Sustainability Excellence Award”, “ Circular Economy Sustainability Award ” by BSI
• Listed as Top 5% companies for Corporate Governance Assessment by TWSE and Taipei
Exchange
• Listed among “Top 100 for Excellence in Corporate Social Responsibility” by CommonWealth
Magazine
• CTCI Wins the REBRAND 100® Global Awards for Successful Brand Transformation
• Group Chairman Honored by Chinese Professional Management Association with National
Outstanding CEO Award
• Group Chairman Honored with the Highest Honor, Personal Award for Technology Management
Award
• Group Chairman is honored with “Lifetime Achievement Award”
Copyright © 2016 CTCI All Rights Reserved.
Accomplishments Review The CommonWealth Magazine Top 2,000
Enterprises Survey
Sector 2016 2017
International Contractors 100 99
Global Contractors 139 125
International Design Firms 92 71
Global Design Firms 147 126
Sector Company 2016 2017
Contractor
CTCI Corp. 1 1
CTCI SEC 30 31
CTCI MAC 41 42
CTCI REI 51 54
Investment Holding
Company ECOVE 8 8
Environmental Services ECOVE ESC 2 3
IT Equipment Sales
and Services CTCI ASI 33 42
Item Company 2016 2017
Top 50 Most
Profitable Companies
(net profit after tax)
CTCI Corp. 32 28
ENR Magazine Rankings
5
Item 2016 2017
Industrial Process
Top International
Contractors N.A. 48
Top International
Design Firms 29 15
Manufacturing
Top International
Contractors 37 29
Top International
Design Firms 36 N.A.
Steel and Non-
Ferrous Metals
Top International
Contractors N.A. 18
Top International
Design Firms 6 5
Electronic
Assembly
Top International
Contractors 5 4
Top International
Design Firms 5 N.A.
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Accomplishments Review
Accomplishments of project execution
• Saudi Kayan Furnace-10 Project selected as “Winner of Best EHSS Mega Project
Performer”
• SAMAC MMA / PMMA Project awarded “the Green Flag for Best EHSS Performance” for
the third consecutive time
• GEB RAPID P1 RFCC Project CCSM Team won “The Best Contractor Award”
• Singapore Thomson Line Trackwork Project awarded “LTA Annual Safety Award 2017”
• Talin Refinery No.11 DHDS Project awarded “Vendor for Outstanding HSE Performance” by
CPC
6
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Backlog and Breakdown
7
Note: The new contract amounted NT$ 44 billion in 2017
164
187 191
203
166
0
50
100
150
200
250
2013 2014 2015 2016 2017
Unit: NT$, Billion
Taiwan 54%
South East Asia 30%
Middle East 12%
China 2% Other 2%
Environmental 39%
Hydrocarbon 27%
Power 20%
Industrial 7%
Transportation 6%
Other 1%
Copyright © 2016 CTCI All Rights Reserved.
Major Projects Awarded in 2017
8
• Philippines-Aromatics & Butadiene Extraction Units, EPC
• Malaysia-Package 28B Mogas EURO 5, EPC
• Malaysia-Track 4A 1,440MW Combined Cycle Power Plant, EPC
• Malaysia-KLLRT3 Power Supply Project, EPC
• Vietnam-Lube Oil Blending Plant and Tank Farm Terminal, EPC
• Vietnam-Van Phong 1, 1,320MW Coal-Fired Power Plant, EPC
• Thailand-CUP4 Project, EPC
• KSA-Yansab Butadiene Project, FEED
• USA-Crude Oil Processing, Integrated Project Management Team, Early Start Plan, FEED
Copyright © 2016 CTCI All Rights Reserved.
• The first project awarded by JG Summit, one of the largest publicly-listed trading companies in
the Philippines
• Once again awarded a hydrocarbon project in the Philippines, an important milestone which
marks CTCI’s re-establishment in the Philippines market
Client JG Summit Petrochemical Corporation
Project Aromatics & Butadiene Extraction Units
Contractor CTCI and CIPEC Construction Inc.
Scale Aromatics: 318 KTA
Butadiene: 77.6 KTA
Scope Design, Procurement, Construction
Location Philippines
9
Major Projects Awarded- Southeast Asia
Batangas
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Major Projects Awarded- Southeast Asia
Client PRPC Refinery and Cracker Sdn Bhd
Project Package 28B Mogas EURO 5
Contractor CTCI and MIE Industrial Sdn Bhd
Scale
TAME: 17,500BPSD
ISOM: 10,000BPSD
CNHT: 43,000BPSD
Scope Design, Procurement, Construction and Commissioning
Location Malaysia
• Once again awarded a RAPID project by Petronas, becoming the only EPC contractor to win
2 refinery contracts within the Pengerang Integrated Complex
• PRPC Refinery and Cracker Sdn Bhd is a subsidiary of Petronas, a stated owned company
Johor
10
Copyright © 2016 CTCI All Rights Reserved.
Client Southern Power Generation Sdn. Bhd.
Project Track 4A 1,440MW Combined Cycle Power Plant
Contractor CTCI and GE
Scale 2 x 720MW
Scope Design, Procurement, Construction and Commissioning
Location Malaysia
• The first project cooperating with GE for combined cycle power plant, and the first
contract awarded by Tenaga Nasional Berhad (TNB)
Johor
Major Projects Awarded- Southeast Asia
11
Copyright © 2016 CTCI All Rights Reserved.
Client Prasarana Malaysia Bhd
Project KLLRT3 Power Supply Project, EPCC
Contractor CTCI CMCE JV Sdn Bhd
Scale 38 km (26 stations and 1 depot)
Scope Design, Procurement, Construction and Commissioning
Location Malaysia
• The first transportation project in Malaysia
Kuala Lumpur
Major Projects Awarded- Southeast Asia
12
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Client Maxihub Company Limited
Project Lube Oil Blending Plant and Tank Farm Terminal, EPC
Contractor CTCI and CTCI Singapore
Scale Lube Oil: 32,000 KL per year
Tank Farm: 25,000 KL per year
Scope Design, Procurement, Construction and Commissioning
Location Vietnam
13
• Maxihub Company is the Joint Venture led by CPC
• Marks a milestone for New Southbound Policy of Taiwan Government
Major Projects Awarded- Southeast Asia
Dong Nai
Province
Copyright © 2016 CTCI All Rights Reserved.
Client Sumitomo Corporation
Project Van Phong 1, 1,320MW Coal-Fired Power Plant, EPCC
Contractor CTCI, IHI, Toshiba and MES
Scale 2 x 660MW
Scope Design, Procurement, Construction and Commissioning
Location Vietnam
• The first mega coal-fired power plant EPC project being awarded overseas
Major Projects Awarded- Southeast Asia
14
Khanh Hoa
Province
Copyright © 2016 CTCI All Rights Reserved.
Client Global Power Synergy Public Company Limited
Project CUP4 Project, EPCC
Contractor CTCI and CTCI (Thailand)
Scale 57 MW
70 T/H
Scope Design, Procurement, Construction and Commissioning
Location Thailand
• Once again awarded cogeneration power plant expansion project by Thailand oil company
Major Projects Awarded- Southeast Asia
15
Rayong
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Major Projects Awarded – The Middle East
• Continuously awarded FEED work by SABIC group
Client Yanbu National Petrochemical Company (Yansab)
Project Yansab Butadiene FEED Project
Contractor CTCI
Scale 136,000 tons per year
Scope FEED
Location Kingdom of Saudi Arabia
16
Copyright © 2016 CTCI All Rights Reserved.
Major Projects Awarded- The United States
Client Jupiter MLP
Project Crude Oil Processing
Contractor CTCI and CTCI Americas
Scale CDU:140,000 BPSD
Scope Integrated Project Management Team, Early Start Plan, FEED
Location The United States
• The first American client since CTCI Americas was founded
Texas
17
Business Outlook
18
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Business Outlook
Taiwan
Hydrocarbon
• LNG Receiving Terminal:
- CPC:3rd LNG Terminal Tank, Taichung LNG
phase III, Yung-An Plant Expansion
- Taipower:Taichung
- MPC:Mai-Liao
• CPC Talin Tank Farm Package project
• CPC Kaohsiung NC5 Plant Relocation project
• Investment of high value petrochemical products
Power & Energy
• Several power plant expansion projects such as
Dah Tarn, Shen Ao, Hsin Ta, etc.
• IPP gas-fired power plant expansion projects such
as ChiaHui and Kuo-Kuang
• Offshore Wind Farm
• Five Wastewater Treatment and Reclamation Plants
such as Yong Kang and Linhai, etc.
• Integrated Waste Management Facility in Taoyuan
Infrastructure • Taipei Wanda Line MRT system, Taichung Power
Plant Coal Handling System Improvement project 19
Copyright © 2016 CTCI All Rights Reserved.
The Asia
• Gulei Petrochemical Complex
project in China and FPC PDH
Phase I project in Ningbo
• Integrated Solid Waste
Management facility in Macao
• Multi-Biomass cogeneration system
and cogeneration power plant in
Thailand
• Energy from waste project in the
Philippines
• MRT and high-speed rail projects
and IPP gas-fired power plant in
Malaysia
• Refinery project , MRT and high-
speed rail projects in Singapore
• MRT project and air separate unit
plant in Vietnam
• Refinery project in Indonesia
• Several refinery and petrochemical
projects, LNG receiving terminal
projects in India
The America
• Petrochemical project in Texas
• Petrochemical project invested
by Formosa group in Louisiana
• LCD panel plant invested by
Foxconn in Wisconsin
The Middle East and North
Africa
• Several mega gas related
projects and the largest Oil-to-
Chemical plant in the world in
KSA
• Gasoline & Aromatics project in
UAE
• Petrochemical project in Qatar
• New refinery plant in Algeria
The Commonwealth of
Independent States
• PTA/PET detail design work in
Russia
• PTA/PET FEED work in
Kazakhstan
Business Outlook
20
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Taiwan
Hydrocarbon:33.9bn
Infrastructure, Environment, and Power:74.1bn
Southeast Asia
Hydrocarbon:92.0bn
Infrastructure, Environment, and Power:34.5bn
India
Hydrocarbon:39.5bn
Total Amount
Hydrocarbon:431.8bn Infrastructure, Environment and
Power:145.7bn
China
Hydrocarbon:10.4bn
Infrastructure, Environment, and Power:7.6bn
CIS and Others:
Hydrocarbon:0.9bn
Potential Opportunities in Next 12 Months
Unit:NT$
United States
Hydrocarbon:72.2bn
21
Middle East
Hydrocarbon:182.9bn
Infrastructure, Environment, and Power:29.5bn
2017 Financial Highlights
22
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Consolidated Sales Revenues and Breakdown
23
Taiwan 43%
Middle East 30%
South East Asia 21%
China 4%
Others 2%
Hydrocarbon 56%
Power 23%
Environmental 8%
Industrial 6%
Transportation 4%
Others 3%
52.2
57.7
67.1 70.5 71.6
0
10
20
30
40
50
60
70
80
2013 2014 2015 2016 2017
Unit: NT$, Billion
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2017 Consolidated Income Statement
Unit: NT$, Thousand
2017/12/31 2016/12/31 YOY
Sales Revenues 71,606,604 100% 70,509,675 100% 1.6%
Operating costs (66,495,104) -93% (64,323,846) -91.2% 3.4%
Gross Profit 5,111,500 7.1% 6,185,829 8.8% -17.4%
Operating expenses (2,096,474) -2.9% (2,023,306) -2.9% 3.6%
Operating income 3,015,026 4.2% 4,162,523 5.9% -27.6%
Total non-operating income
and expenses 976,327 1.4% (184,055) -0.3% 630.5%
Profit before income tax 3,991,353 5.6% 3,978,468 5.6% 0.3%
Income tax expense (701,255) -1.0% (964,753) -1.4% -27.3%
Profit for the period 3,290,098 4.6% 3,013,715 4.3% 9.2%
Profit attributable to Owners
of the parent 2,805,348 3.9% 2,222,888 3.2% 26.2%
Total basic earnings per share 3.68 2.92
24
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2017 Consolidated Balance Sheet Unit: NT$, Thousand
2017/12/31 2016/12/31
Current assets* 54,762,209 78.2% 51,394,621 77.6%
Non-current assets 15,305,780 21.8% 14,830,268 22.4%
Total assets 70,067,989 100.0% 66,224,889 100.0%
Current liabilities 43,960,316 62.7% 40,297,705 60.9%
Non-current liabilities 5,067,516 7.2% 5,737,135 8.7%
Total Liabilities 49,027,832 70.0% 46,034,840 69.5%
Equity attributable to owners of
the parent 17,952,032 25.6% 17,098,343 25.8%
Non-controlling interest 3,088,125 4.4% 3,091,706 4.7%
Total equity 21,040,157 30.0% 20,190,049 30.5%
Total liabilities and equity 70,067,989 100.0% 66,224,889 100.0%
*Cash and cash equivalents:NT$19.4bn
25
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Dividend Payout
26
2.41 2.65
2.91
3.22 3.32
2.22
2.51 2.69
2.92
3.68
1.92
2.37 2.42
2.76 2.84
1.99 2.23
2.40 2.60
3.23
80%
89%
83% 86% 85%
90% 89% 89% 89% 88%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
EPS Cash DPS Cash Dividend Payout Ratio(%)Unit: NT$
Copyright © 2016 CTCI All Rights Reserved. 27