Dividend History and Financial Overview slide image

Dividend History and Financial Overview

Mainland China: Steady operations but high coal prices compress margins 2,000 115 37 1,533 1,500 (67) 1,250 24.2% ACOI 1,000 (352) (16) excl. FX 522 (HK$m) 500 0 (500) 1H2020 FX Nuclear Renewables Thermal Others Renewables 945 Nuclear Thermal (121) Others (96) 1H2021 Performance ACOI down 24.2%: Higher nuclear & wind partially offset lower thermal and hydro Nuclear: >70% of Mainland China earnings. Higher YJ generation offset by DB planned refuelling outage Renewables: Lower hydro partially offset by new earnings from Laiwu III Wind and solar steady Thermal: Lower due to higher coal costs and higher costs as Shandong assets approach their end of life Continuing delay in payment of national subsidies for renewables impacting cash flow Outlook Develop energy infrastructure initiatives and energy-as-a-service opportunities in the Greater Bay Area Market competition anticipated to continue with increased pressure on margins on thermal Actively participate in the evolution of market regulations and carbon trading Pursue opportunities resulting from carbon neutral targets of Hong Kong and Mainland China as Hong Kong and the Greater Bay Area integration accelerates CLP++ 120 years 同行望遠 of shared vision 12
View entire presentation