Our Business Model and Value Creation Journey

Transcription

1 Our Business Model and Value Creation Journey CLP s core business is providing reliable and safe electricity to our customers at a reasonable price and with minimum impact to the environment. As the world moves into a smarter and greener era, we recognise that helping our customers to manage their electricity use more efficiently is of increasing importance. To achieve this, we draw on all of our resources, experience and talent at CLP, and apply the highest standard of governance to provide our customers with choice and quality service and create values for all of our stakeholders along the way. The following diagram demonstrates how CLP created value and benefits for our stakeholders in Manufactured Capital 18,622 equity MW of generating capacity Coal 61.2% Gas 18.5% Oil 1.1% Nuclear 2.6% Wind 12.4% Hydro 2.6% Solar 1.6% 15,281 km of transmission and high voltage distribution lines, and 14,484 primary and secondary substations in Hong Kong CAPITALS Natural Capital Fuel Use Coal Gas Oil 453,904 TJ 86,787 TJ 4,162 TJ Social and Relationship Capital Build Trust Share Knowledge Intellectual Capital Human Capital 7,428 employees Financial Capital Shareholders Funds 98,010 Total Borrowings 51,646 Research and Development Improvement of Process and Platform Innovation and Technology 7

2 Operating Earnings 12,334 Total Earnings 12,711 CLP Smart Energy Use Customer Delivery Generation Customer Promise and Experience Operate Transmission and Distribution Networks Design and Build Transmission and Distribution Networks Operate Power Plants Design and Build Power Stations Corporate Governance 8 Do-the-right-thing Culture Effective Board Oversight High-integrity Governance Framework Transparent Shareholder Communication

3 VALUE CREATED Customers Total Sent Out by Region ( kwh) Hong Kong Mainland India Southeast Australia 39,984 China 58,487 5,216 Asia & Taiwan 20,647 8,941 Total Sent Out 1 133,275 kwh Equity Sent Out 2 79,583 kwh Over % supply reliability in Hong Kong 1.48 unplanned customer minutes lost in Hong Kong customer accounts 4 Economic Value Generated 5 80,225 Economic Value Distributed Suppliers and Contractors Fuel and Other Operating Costs 51,474 Employees Staff Expenses 3,892 Community Donations 13 9

4 Environment Community 0.82 kg CO /kwh carbon intensity of CLP s electricity generation Staff volunteered Non-carbon Emitting Energy Renewable Energy 3,090 MW 3,582 MW 16.6% of CLP s equity generating capacity Total Dividends 7,074 Finance Costs 6 2,371 13,302 Directly benefitted 359,000 people and 373 organisations over hours 19.2% of CLP s equity generating capacity Capital Providers programmes implemented 2.80 per share Government and Regulators Current Income Tax 2,032 Economic Value Retained 7 13,369 Notes: 1 From power stations in which CLP has invested and capacity purchase arrangements 2 On equity basis and capacity purchase arrangements 3 Average of the past 36 months 4 Including 2.52 in Hong Kong and 2.63 in Australia 5 Economic value generated consists of revenue (79,434 ) and share of profits (791 ). Share of profits represents share of results (net of income tax) from joint ventures and associates netted with earnings attributable to other non-controlling interests 6 7 Netted with finance income and include payments made to perpetual capital securities holders Represents earnings attributable to shareholders (before depreciation, amortisation and deferred tax) for the year retained 10

5 Chandgarh Andhra Lake Saundatti Harapanahalli MAINLAND CHINA INDIA Paguthan Samana I Samana II Mahidad Jhajjar Veltoor Khandke Datong Shuangliao I & II Panshan Sanhe I & II Suizhong I & II Zhungeer II & III CGN Wind Jinchang Jiangbian Dali Yang_er Xicun I & II Bhakrani Shenmu Tejuva Xundian I Sipla Fangchenggang I & II Jath Yermala Theni I Theni II Heze II Liaocheng I Shiheng I & II PSDC Huaiji Lopburi Sandu I & II THAILAND Hong Kong Changling II Qian an I & II Qujiagou Mazongshan Dongying Hekou Changdao Lijin I & II Weihai I & II Rongcheng I, II & III Zhanhua I & II Penglai I CLP Laizhou I & II Huadian Laizhou I Sihong Huai an Laiwu I & II Chongming Daya Bay Nanao II & III Ho-Ping TAIWAN Generation Coal Gas Nuclear Wind Hydro Solar Other Transmission & Distribution Network Customer Service Mainland China Shenzhen SNGPC Black Point Castle Peak Penny s Bay Lantau Island New Territories CLP Power Hong Kong Kowloon HONG KONG AUSTRALIA Wilga Park Mount Piper Narrabri Pine Dale Hallett Tallawarra Cathedral Rocks EnergyAustralia Yallourn Newport Jeeralang Assets wholly or majority-owned by CLP Assets in which CLP has no majority shareholding Gross Capacity and CLP Net Capacity by Market: Hong Kong Mainland China India Southeast Asia and Taiwan Australia Total Gross Capacity 7,483MW 20,974MW 3,029MW 1,383MW 5,087MW 37,956MW CLP Net Capacity* 7,483MW 8,069MW 2,978MW 285MW 4,966MW 23,781MW A detailed list of CLP s investments *Equity basis and capacity purchase arrangements 11