中国航空油料_(新加坡)有限公司战略.ppt

1,中国航空油料(新加坡)有限公司,为快速成长的中国航空产业加油！,2,第一部分我们是谁第二部分独特的业务第三部分高速成长的经营记录第四部分公司成长战略第五部分总结第六部分发行数据,3,我们是谁,Section1,4,我们是谁,中国民用航空产业的独家航空用油提供商,WhoWeAre,5,业务,航油提供业务风险较低，并能够提供稳定的收益增长,国际贸易建立在航油提供业务之上,有计划的投资将加强我们的业务并为业务带来更多的成长,我们是谁,6,发展历程,WhoWeAre,7,独特的业务,Section2,8,CAOsUniqueness,LeveragingOntheGrowingChineseAviationIndustry,惟一的航油进口商,OurUniqueBusiness,ProposedAcquisitionofaStakeinShanghaiPudongInternationalAirportAviationFuelSupplyCorporationLtd.-中国利润最丰厚的航油企业,9,LeveragingOntheGrowingChineseAviationIndustry,OurUniqueBusiness,中国经济增长的宏图,10,LeveragingOntheGrowingChineseAviationIndustry,OurUniqueBusiness,1993年以来中国已经成为纯原油进口国家,11,LeveragingOntheGrowingChineseAviationIndustry,OurUniqueBusiness,Source:CivilAviationAdministrationofChina,12,OurUniqueBusiness,Shorthaulconsumesmorejetfuelperkm,Independentofworldtrends,Neworderfor30Boeinga/cOct2001,Expected500a/cinthenext5-7years,受国内航空旅游成长带动,LeveragingOntheGrowingChineseAviationIndustry,13,LeveragingOntheGrowingChineseAviationIndustry,OurUniqueBusiness,SolidGrowthPotential,14,SoleJetFuelImporter,OurUniqueBusiness,CAOiscurrentlytheonlywholly-ownedoverseassubsidiaryofCAOSC,CAOSCcommittednottosetupanothercompanytocompetewithCAO,Chairmanandothernon-executiveDirectorsofCAOarekeyexecutivesofCAOSC,母公司的有利支持(CAOSC),15,NoNegativeImpact,MoreBenefits,中国加入WTO将积极带动我们的业务,SoleJetFuelImporter,OurUniqueBusiness,16,SoleJetFuelImporter,OurUniqueBusiness,TheannouncementofmergerofCAOSCandCASCimplytheemphasisplacedbygovernmentontheeconomicscale,Thesmallvolumeofcurrentjetfuelconsumptionisnotjustifiedformanyplayers,economicscaleiskey,Jetfuelisanationalstrategicresource,webelievethatgovernmentwillpayattentiontothesupplyofjetfuel,ParentsControllingPositionWillBeLikelyMaintained,Currentjetfuelsupplyinfrastructureiscompleteandsystematic,breakingsuchasystemwillnotcreatecompetition,butoperationalinefficiency,17,ProposedAcquisitionofPudongAviationFuelCorporation,OurUniqueBusiness,ExclusiverightinsupplyingjetfuelinPudongInternationalAirport,Ownthesolejetfuelsupplyinginfrastructure,Lowmaintenancecostandrepairexpenses,PudongvsChicago,AttractiveBusiness,GreatPotential,18,ProvenTrackRecord,Section3,19,FinancialPerformance,ProvenTrackRecord,CAGR84%,20,经营财务业绩,ProvenTrackRecord,1,085,170.7,414.5,963.7,复合增长率85%,21,FinancialPerformance,ProvenTrackRecord,GrowingProcurementandTradingVolume,MillionMT,复合增长率66%,22,FinancialPerformance,ProvenTrackRecord,NoGearing没有坏账不断增长的现金,23,成长战略,Section4,24,StrategiesForGrowth,GrowthStrategy,25,总结,Section6,26,Summary,Summary,中国,SoleImporter,浦东,27,袁同舟国泰君安香港融资有限公司,28,发行数据,Summary,发行规模:1.44亿新股-10mlnpublicoffershares-134mlnplacementshares发行价:新加坡元0.56元每股融资额:新加坡元8064万历史市盈率:18.1预测市盈率:6.2GrossDividendYield:5.0%,29,UseofProceeds,Summary,NetProceedsofapproximatelyS$76.6million:S$57.0millionforfutureexpansionthroughjointventuresand/orstrategicinvestmentsinChinaandHongKong;S$15.5milliontoacquirecompaniesand/orsetupsubsidiariesinUSAandEuropewithinthenexttwoyears;andS$4.1millionforworkingcapital,30,重要日期,Summary,开始:2001年11月26日,星期一,12noo