幻灯片 1 - Tri-Tech Holding

Download Report

Transcript 幻灯片 1 - Tri-Tech Holding

A leading Solutions Provider to China’s Water and Wastewater Industries

2011 Annual Meeting of Shareholders 9:00 a.m. Beijing Time, November 30, 2011

A Leading Solution Provider for China’s Water and Environment Industry www.tri-tech.cn

Solid Growth

Sophisticated Solutions

Strong Pipeline Projects

Superior Engineering Talents

Safe Harbor Statement

This document contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, underlying assumptions, and any other statements other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

A Leading Solution Provider for China’s Water and Environment Industry 2

Company Overview

Organization

Turnkey solution provider to China’s water resources, municipal water and industrial water/wastewater treatment markets - Headquartered in Beijing, Branch offices across China 300+ employees, 75% engineering and technical background

Customers

- Water Resources: MWR (Ministry of Water Resources) - Municipalities and Industries: CNPC, SINOPEC, PetroChina & CNOOC, - Clients throughout China, more than 500 projects implemented

Offerings

Proprietary technologies, products, and turnkey solutions

Capital

NASDAQ:

Structure

Price ( 11/25/2011 ): Shares Out. (T/S): Float: Insider Ownership: Market Cap: TRIT $3.82

8.16 million 4.9 million 39.4% $31.17 million

Financials

2011 Q3 2010 2009 2008 Revenue $24M $43.5M

$16.8M

$8.4M

NI $1.9M

$7.1 M $3.9M

$1.7M

EPS $0.24 $0.98 $0.92 $0.48 A Leading Solution Provider for China’s Water and Environment Industry 3

Stock Ownership

(as of 9/30/2011)    

Shares O/S:

8,160,000

Float :

61% of O/S

Total institutional Positions: 24

, including 14 North Americans, 34% of O/S and 20 mutual funds

Current % held by Top 10 institutional holders:

20%

Regional Shareholders Concentration Europe 21.8% North America 6.8% Asia 39.4%

A Leading Solution Provider for China’s Water and Environment Industry Source : NASDAQ Online report 4

Experienced Leadership

• •

Warren Zhao, Chairman & CEO, Co-Founder

23+ years mgmt skills, technical and electric engineering expertise in Environmental Protection industry Bachelor’s and Master’s degrees in electrical engineering from Northwestern Polytechnical University of China • • •

Philip Fan, President and Co-Founder

22+ years mgmt skills, technical and engineering experience in water resources and environmental sectors Bachelor’s and Master’s degrees in environmental engineering from Hunan University and Master’s degree in civil engineering from Louisiana State University (LSU) Registered professional engineer (PE, inactive) in the U.S. since 2001 • • •

Gavin Cheng, Co-President

24+ years mgmt skills and engineering expertise Bachelor of Engineering and Master of Engineering degrees from Nanjing University of Aeronautics and Astronautics Executive MBA from Peking University in 2001 • •

Peter Dong, CFO and Co-Founder

17+ years mgmt skills and finance expertise Bachelor’s degree in computer science from Nanjing University of Aeronautics and Astronautics and Master’s degree in economics from Renmin University of China A Leading Solution Provider for China’s Water and Environment Industry 5

History of Growth

BSST Founded Yanyu Founded Tranhold Founded TTB Founded TRIT Founded NASDAQ IPO: $11mil Follow-on: $ 33 mil

1994 Obtained the Certificate of New and High Technology Enterprise of Beijing and ISO9000 Won the project Of the National State “Eight Five” in S&T 2002 2003 2006 2008 2009 2010 Launch RTU Product line Won the Pilot Systems of the National Flood Control and Drought Relief Project all over country Obtained the ISO 9000 certificate Biological Odor Control System Invention and Utility Patents Won numerous contracts in the municipal water and wastewater market Obtained the ISO 9000 certificate Awarded the product certificate for 7 software applications Won the pilot systems for the small watershed disaster monitor ing and alarm in Fujian Province Launched Tianjin Branch Office Awarded the patent for Automatic Monitor ing Control for Real-Time Hydrology Information and disaster Pre-Alert and Alarm System Obtained Class B qualification for Water Resources Investigation and Assessment Set up the Tri Tech Infrastructure LLC in US Sinopec Chloromethane tail gas oxidization system before 2008 Olympics Won 20 projects for the Mountain Torrent Forecast ing and Pre-alarm of total 103 pilot projects Set up the JV Tri Tech Infrastructure (India ) Pte. Ltd.

Acquired BSST Launched Sales and Project Offices in Wuhan, Chengdu , Yinchuan, and Ordors Won $40 Million contract for Drinking Water Plant A Leading Solution Provider for China’s Water and Environment Industry 6

Operation Overview

 Headquarters: Beijing, China, with 200 employees and 2000 m 2 office space  Tianjin Baodi R&D and Manufacturing Base: 40 acres land space (under construction)  Tianjin Branch Office, with 50 employees and 1000 m 2 office space  Other 50 employees based in domestic subsidiaries and oversea branches  Major subsidiaries:  Tranhold Environmental (Beijing), Co, Ltd.

  Beijing Satellite S&T Co., Ltd.

Yanyu Water Tech Co. Ltd.

  Tri-Tech Infrastructure, LLC. (USA) Tri-Tech Infrastructure (India), Pte. Ltd.   Newly acquired operating assets of J&Y International, Inc. (USA) Beijing Huaxia Yuan Jie Water Technology Co., Ltd.

 Sales and Project Offices throughout China Wuhan, Chengdu, Ordos, Urumqi, Yinchuan, etc.,  Implementing ERP, CRM and other MIS systems A Leading Solution Provider for China’s Water and Environment Industry 7

Segment Overview Municipal Water, Wastewater Treatment and Infrastructure

 Scope  Water Supply – High-rise Bldg Water System and Treatment Plant  Wastewater – Treatment Plants, Water Reuse, and Sludge Disposal  Municipal Solid Waste – Treatment and Disposal Facilities  Business Model  EPC  Proprietary Technologies and Products    Installation and Commissioning Services BT Qualified WWTP Operator  Catalyst for Growth  50 million m 3 /day new capacity during “12 th -5 year Plan”  New Safe Drinking Water Standard GB5749-2006 Implementation – RMB 220 Billion (30+Billion USD)  US$ 23 billion spending in sludge disposal during 12 th -5-year Plan A Leading Solution Provider for China’s Water and Environment Industry 8

Segment Overview Water Resource Management Systems

 Scope  Flood Control and Drought Relief Pre-Alarm   Ground and Surface Water Monitoring Water Quality Monitoring and Irrigation  Business Model  Proprietary Technologies and Products  Soft and System Engineering  System Integration  Catalyst for Growth  State Council Circular No. 1 in 2011 – RMB 4 trillion in 10 years  Flash Flood Forecasting in 1800+ counties throughout China – US$ 117 to 156 mil in 3 years A Leading Solution Provider for China’s Water and Environment Industry 9

Segment Overview Industrial Pollution Control and Safety Engineering

 Scope  Industrial Water/Wastewater Treatment/ZLD  Seawater Desalination   Air Pollution Control Safety and Emergency Response  Business Model  EPC   Proprietary Technologies System engineering  Qualified WWTP Operator  Catalyst for Growth  Industrial Wastewater: $18.9B for next 5 years  Seawater desalination: 1.5 million m 3 /d during the 12 th -Five Year Plan  Emergency Response: $120 million in 2009, $500M in 2015 (Frost & for China’s Water and Environment Industry 10

R&D

Current R&D Activities:

 Tianjin Baoding R&D Center Under Construction  Forward Osmosis Products Localization    Landfill Leachate Treatment Feasibility Study Personal Hydration Package Sewer Mining + Desalination (HTI Technologies)  Gasification of Biosolids BOT Feasibility Study    Economic Feasibility Mass and Energy Balance Financial Models  Remote Terminal Unit Software Upgrade  Drought Information and Decision-Making Systems A Leading Solution Provider for China’s Water and Environment Industry 11

Intellectual Properties

Drafting the Industrial Standard or Guidelines of China State Ministries

   Technical Standards of Automatic Hydrologic Measuring & Report Systems -Ministry of Water Resources Technical Guidelines of Automatic Hydrologic Measuring and Reporting Systems - Ministry of Water Resources Technical Guidelines of Municipal Sewage Treatment Plant Operation, Management and Safety - Ministry of Construction 

Patent technology

  1 invention patent 6 utility patents 

Software certificates

 27 Software Copyrights 

Qualifications

   System Integration (Level 3) Research and Evaluation for Hydrology and Water Resource (Level B) Operation License for the Waste Water Plant ( Level B) …… A Leading Solution Provider for China’s Water and Environment Industry 12

Competitive Strengths

Our Combined Strengths Differentiate Us from our Competitors and Constitute a Solid Foundation for Future Growth:

 Extensive Market Knowledge  Comprehensive Bidding Process (Bid to Win)  Strong Reputation and Relationships  Proven Project Execution   Publicly listed U.S. Company Through IPO Patented products and Proprietary Technologies A Leading Solution Provider for China’s Water and Environment Industry 13

Highly Skilled Professionals

 Our professionals are experts in key areas including: engineering, project management, business intelligence and system integration  We employ 300 individuals; technical degrees 75% of whom have engineering or  On average, our project managers have more than 10 industry experience years of  We have demonstrated the ability to attract and retain exceptional and experienced talents  We will continue to benefit from significant operating leverage as we grow A Leading Solution Provider for China’s Water and Environment Industry 14

Tri-Tech Opportunities

 Tri-Tech Focuses on Advanced Treatment Technologies (Membranes), e.g.

  Ordos Water Plant (largest dual membrane plant) Tianjin Dongli Water Reuse (500 m 3 /day)   Tianjin Binhai Water Reuse (5,000 m  Seawater Desalination and ZLD 3 /day) Flat Sheet MBR membrane under development   Thermal Technologies – MSF, MED, MED-TC, MVC (J&Y Acquisition) ERC (Evaporative Reduction Crystallization)  Strategic coverage in North, West and Northwest China Regions, India, Middle East and North America A Leading Solution Provider for China’s Water and Environment Industry 15

Strategies for Growth

Research and Development

 

Core technologies and products

Municipal Water/Wastewater Treatment

   

Aggressive expansion to 11 provinces in North and West China, and penetrate into North America and India Continuous expansion in the scope of services, including BT Model Advanced Treatment and water reuse technologies

Water Resource Management

  

Multiple opportunities to expand scope of services Newly initiated national programs creates additional opportunities

Industrial Pollution Control and Safety

   

Penetrate oil, gas and petrochemical industrial verticals Advanced air , water reuse and water treatment technologies Aggressive expansion in Middle East and North America

Target small to mid-sized strategic acquisitions

 

Highly fragmented landscape $2 - $10 million in revenue

A Leading Solution Provider for China’s Water and Environment Industry 16

The Case for Tri-Tech

 Well Established Presence in Large, Well-Funded Growing Global Market  Water Resource Management/Pollution Control Very High Chinese National Priorities  Comprehensive Solution Provider to China’s Water and Wastewater Industries  Growing Opportunities in Industrial Pollution Control and Water Reuse  Advanced and Proprietary Technologies and Products  Strong Backlog and Pipeline  Highly Skilled Teams of Technical Professionals  Experienced Leadership Focused on Growth and Profitability A Leading Solution Provider for China’s Water and Environment Industry 17

Financial Review and Analysis

A Leading Solution Provider for China’s Water and Environment Industry 18

Income Statement – 2010 10K

Period Ending Total Revenue

Cost of Revenue

Gross Profit

Operating Expenses Selling General and Administrative Others

31-Dec-10 43,535

28,768

31-Dec-09 16,800

10,176

14,767 6,624

5,788 325 2,449 119

Operating Income or Loss Net Income Applicable To Common Shares

In ‘ 000 USD.

8,654 7,077 4,056 3,851

A Leading Solution Provider for China’s Water and Environment Industry 19

Balance Sheet – 2010 10K

Period Ending Assets

Current Assets Cash And Cash Equivalents Net Receivables Inventory Other Current Assets

Total Current Assets Fixed Assets and IP Total Assets Liabilities

Current Liabilities

Total Current Liabilities

Long Term Debt Other Liabilities Minority Interest

Total Liabilities Stockholders' Equity

Accounts Payable Short/Current Long Term Debt Other Current Liabilities

Total Stockholder Equity Net Tangible Assets

In ‘ 000 USD.

A Leading Solution Provider for China’s Water and Environment Industry

40,543 40,178

24,901 22,677 5,887 1,903

55,367 27,396 82,763

8,673 8,565 1,573 2,484

21,295 2,895 24,190

13,872 2,718 1,665

18,254

187 2,028

20,470 62,293 52,083

3,765 9 494

4,267

58 156

4,481 19,709 18,911

20

2010 Revenue Breakdown

Year Ended December 31, 2010

System integration Hardware products $ Software products Total revenues $

Segment 1 %

18,320,164 96 % 6,629 0 % 794,014 4 %

19,120,807 44 %

$ $

Segment 2

3,275,202 1,670,374 517,195

5,462,771 %

% 60 $ % 31 9 % $

% 12 Segment 3

% 17,225,824 91 % $ 1,525,315 8 % 200,000 1 % $

18,951,139 44 % Total

% 38,821,190 90% 3,202,318 1,511,209 7% 3%

43,534,717 100%

Segment 1 - water, wastewater treatment and municipal infrastructure Segment 2 - water resource management systems and engineering services Segment 3 - industrial pollution control and safety A Leading Solution Provider for China’s Water and Environment Industry 21

Strong Backlog and Pipeline

(as of 11/10/2011) 

Well-diversified contract base

In 2010, we worked on 137 major projects across 107 different clients

Increasing average project size

Total backlog of $101.6 million

$71.1 million (Municipal)

 

$7.8 million (Water Resources) $22.7 million (Industrial)

Projected pipeline of ~ $95.2

million (contracts to be awarded in 2011 and 2012)

$43.4 million (Municipal)

 

$32.8 million (Water Resources) $19 million (Industrial )

A Leading Solution Provider for China’s Water and Environment Industry 22

Thank You!

A Leading Solution Provider for China’s Water and Environment Industry

23