xx航空油料公司战略.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 天马行空官方博客 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 CAO sUniqueness 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 Parent sControllingPositionWillBeLikelyMaintained 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 Su