Post on 20-Jan-2023
About CIMC ENRIC
3
A global business
conglomerate
Containers Vehicles Energy, Chemical
and Liquid Food
Offshore
Engineering
Airport
FacilitiesFinanceLogistic
Service
Leading intelligent equipment manufacturer
in clean energy industry
Clean Energy ┃ Chemical & Environmental ┃ Liquid Food
Stock code: 000039.SZ / 2039.HK)
(Stock Code: 3899.HK)
Global Market Expansion with Root in China
4
Clean Energy
4.45B(56%)
Chemical &
Environmental
1.52B(19%)
Liquid Food
1.46B(18%)
CIMC Enric recorded revenue of around 7.9
billion RMB in FY2020Global Market Leader in• ISO liquid tank (No. 1)
• Brewery turnkey project
(global leader)
20+ domestic and foreign member companies, 10+ overseas representative offices, 19 R&D centers at home and abroad.
China Market Leader in• Cryogenic transportation
equipment
• High-pressure transportation
equipment
• LNG, CNG, LPG storage
equipment
Strategic Layout of Three Major Segments
5
Make energy cleaner, make the environment more sustainable, and make life better!
Beer Equipment
Non-Beer
Equipment
Chemical Equipment
Environmental
Equipment
Chemical &
EnvironmentalLiquid FoodClean Energy
Energy Equipment &
Engineering Business
New
business
Existing
business
Comprehensive Solution
Main Channel
Offshore Clean Energy
Business
Hydrogen Business
Key Equipment Engineering Service
Focus in ProductInnovation&
Upgrade
Operational
Excellence
Intelligent
Interconnection
Technological Innovation and Quality Development
6
Upgrading Package solutions for
LNG powered ships on inland
waterways
Smart Energy IoT solutions
In 1H 2021, R & D investment exceeded RMB197
million (1H2020: approximately RMB130 million),
accounting for 2.4% of sales (1H2020: 2.4%). In 1H
2021, the Group recorded 57 new patents and won
2 China Patent Excellence Awards.
• LPG micro grid solution
• Large-scale integrated service station- EPC
construction project development
• Upgrading Package solutions for LNG powered
ships on inland waterways
• Smart Energy IoT solutions
• LNG cold energy utilization integrated solution
• Skid-mounted equipment for hard seltzer and Non-
alcoholic beer production
• The research and development of liquid
helium/hydrogen tank container products has
made major breakthroughs
Actively developed and innovated, and expanded upstream and downstream segments to promote income
diversification.
Core Competitive Edges
7
Substantial market
potential
A solid industry
leader position
Full industry chain
coverage,
high barriers to entry
Strong shareholder
support
High standard
corporate
governance
Intelligent
manufacturing
technology
China focused,
global layout
Strong brand
recognition
3,067 3,2413,730
4,060
10%
6%
15%
9%
-14%
-9%
-4%
1%
6%
11%
16%
21%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
2019 2020 2021E 2022E
Consumption YoY Growth Rate %
24.0% 23.8% 25.0% 25.4%
39.0%
35.7%35.5%
35.9%4.2%
3.7%
3.1%
2.1%
32.8%
36.8%
36.4%
36.6%
2,655
3,649
4,200
4,730
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
2019 2020 2021E 2022E
City Gas Industrial Fuel Power Generation Traffic Fuel
Natural Gas Consumption Growth
10
Source: wind、 NDRC、 LESSBETTER
• It is estimated that the annual apparent consumption of natural gas in 2021 will be about 373 billion cubic meters, up by 15% YoY.
• LNG prices are unusual in 2021, with a sharp rise in prices during off-season, reaching a 5-year high YoY. According to the NDRC data, the actual
average receiving price of LNG in 1H 2021 was about RMB 4,005.94/ton.
• It is estimated that the average receiving price of LNG in 2H 2021 will be about RMB 6,000-7,000/ton, and the consumption of LNG in 2021 is expected
to increase by 15% YoY.
Forecast on China’s Natural Gas Consumption,
2021-2022
Unit:100 Million m3
Forecast on China’s LNG Consumption,
2021-2022
Unit:10,000 ton
-3000
-2500
-2000
-1500
-1000
-500
0
500
1000
1500
2000
0
1000
2000
3000
4000
5000
6000
7000
202
0-0
1-1
0
202
0-0
2-1
0
202
0-0
3-1
0
202
0-0
4-1
0
202
0-0
5-1
0
202
0-0
6-1
0
202
0-0
7-1
0
202
0-0
8-1
0
202
0-0
9-1
0
202
0-1
0-1
0
202
0-1
1-1
0
202
0-1
2-1
0
202
1-0
1-1
0
202
1-0
2-1
0
202
1-0
3-1
0
202
1-0
4-1
0
202
1-0
5-1
0
202
1-0
6-1
0
202
1-0
7-1
0
202
1-0
8-1
0
Price Gap between LNG and Diesel
Price Advantage of LNG (Yuan/Tonne)--Right Axis
The average price of LNG (Yuan/Tonne)
The national average price of Diesel (0#): (Yuan/Tonne)
Offshore & Onshore Clean Energy Industry Chain
11
• The business layout covers both offshore and onshore• Full industry chain from upstream, midstream to downstream to tap the trend of wide application of clean energy.
Offshore Clean Energy Industry Chain
Onshore Clean Energy Industry Chain
▲ Small to medium sized liquified gas carrier
(LEG/LPG/LNG)
▲Marine LNG Fuel Tank /
Desulfurization Unit
▲ Offshore oil and gas processing module
Upstream(Process & Treatment)
Midstream(Transportation & Storage)
Downstream(Application)
▲LNG bunkering vessel / offshore
and onshore refueling station
▲Liquefaction plants & liquefaction module
designed for wellhead gas
▲Unconventional gas treatment and processing
▲Clean energy transportation equipment
▲LNG peak-shaving storage equipment & engineering
▲Other clean energy storage equipment & engineering
▲Clean energy equipment for transport fuel usage
▲Industrial and commercial LNG fuel equipment
Midstream:(Transportation & Storage)
Downstream(Application)
Upstream:(Process & Treatment)
Equipment + Engineering + Services + Intelligence
12
E&P
equipme
nt
Intelligent products,
Engineering & services
➢ Intelligent products:
GPS, Pressure and liquid
level, temperature control
➢ Intelligent process :
Auto production line
➢ Intelligent Engineering:
3D modeling、modelized
system design and
installation, SCADA
systems
➢ Intelligent Services:
Anjiehui monitoring
system
Upstream Midstream Downstream
• Engineering consulting
• Engineering design
• Engineering construction
• Turn-key project
Engineering
• R&D cooperation with Europe
• Global advanced technology
• Manufacturing edges of China
• Key manufacturing capability
• Advanced manufacturing operation
Equipment
• Full life cycle standard and
consulting services
• Engineering parts supply
• Remote delivery
• Financial services (leasing, LOC)
• ……
Services
Solutions:Design + EPC + Equipment + Financial Service
Integrated Solution for Peak-shaving and Reserve
13
The overall solution of“Peak Shaving & Liquefaction + Engineering Design + Large Tank + Cluster Tank + Application + Financial Service”
◼ EPC normal pressure storage tank
◼ EPC pressure storage tank/ cryogenic spherical
tank
◼ Cryogenic storage tank, Anjiehui Intelligent
management system
◼ Long distance pipeline installation
◼ BOG Recycling
◼ Financial leasing
◼ Engineering Credit Insurance
◼ Scheme and engineering design
◼ Engineering EPC
◼ Conventional and pipe network
liquefaction process package
◼ Non-standard, complete equipment
◼ Equipment installation and
commissioning
◼ Operation guidance
◼ Intelligent Integrated Refilling Stations
◼ Gasification station/point-to-point supply
◼ LNG Trailer and Logistics
Several companies, such as Sinochem, China Energy Reserve and Chemicals, Zhenhua Logistics, etc.,
have realized LNG import and transportation, which has attracted high attention at home and abroad
Overseas Marine
Transportation
Overseas Railway
TransportationEnd userLNG Liquid
Factory Loading
One-stop, flexible and convenient solution for overseas gas import and logistics
Gas
Liquefaction Domestic Truck
Transportation
Multimodal Transportation for LNG Tank Container
14
Canadian LNG exports to China for
the first time (August 2017).
Australian gas imports, European
transit gas imports, Malaysia gas
imports, etc.
Specialized vessel for LNG tank
container to import LNG from Malaysia
to end-users by Tiger Gas.
Internet of Things — Anjiehui Add on Intelligence Feature
15
Key Equipment
Solutions
Storage tank
Tank Container
On-vehicle cylinders
Trailer
Marine tank
Tube bundle trailer
L
N
G
C
N
G
LP
G
Ship networking
Wellhead gas
LPG micro grid
Gasification station
Sensor Data
communicationData Center IoT cloud Presentation
Intelligent
Terminal
attached on
Equipment
MySQL
Redis
Oracle
Elasticsearch
MongoDB
Equipment control
platform
Three party
interface
APP
PC
Gas station,
gasification station
platform
Logistics platform
Procurement
system
Maintenance
system
Ship networking
platform Table & graph
Hardware protocol docking, system data docking
2G/3G/4G/5G
LoRa Ad-Hoc
Network
Maritime
satellite
Low orbit
satellite
Beidou
Satellite
Repeater
forwarding
Others
Temperature,
pressure, liquid
level, position,
flow, vacuum
value
Intelligent
Terminal
attached on
Equipment
The Global H2 Industry is Gathering Strong Momentum
18
Hydrogen is enjoying unprecedented momentum worldwide. 16 of 27 countries that account for 52% of the global GDP have developed
comprehensive national hydrogen strategies, and 11 countries are going to introduce national hydrogen strategies.
Source: Source: "Low-Carbon and Clean Hydrogen Supply System under the Carbon Neutral Strategy" released by China Hydrogen Alliance
*The UK government has launched its first-ever hydrogen strategy on 17 August.
*
Development Goals for Industry in China
19
Development Goals 2019Short-term Goals
(2020~2025)Medium-term Goals
(2026~2035)Long-term Goals
(2036~2050)
Proportion of hydrogen (%) 2.7% 4% 5.9% 10%
Output (RMB 100 million) 3000 10000 50000 120000
Equipment
manufacturing
scale
Hydrogen refueling station
(sets)23 500 1500 10000
FCEV (10,000 units) 0.2 5 200 500
Stationary fuel cells ( units) 200 1000 5000 20000
fuel cell systems (10,000
units)1 6 150 550
Development Goals for Hydrogen and Fuel Cell Industry in China
Source: White Paper on Hydrogen Energy and Fuel Cell Industry in China released by China Hydrogen Alliance
According to the “Energy-saving and New Energy Vehicle Technology Roadmap 2.0” issued by China Society of Automotive
Engineers, the size of hydrogen fuel cell vehicles in China will reach 100,000 units and at least 1,000 hydrogen refueling
stations will be built by 2025.
Company’s Development Path of H2 Business
20
2010Supplied 45MPa Hydrogen refuelling
trailer and cylinders for SH world Expo.
2006The 1st domestic order of Hydrogen
Trailer.
2011Supplied 45MPa tube bundle trailers and
high-pressure seamless cylinders for refilling
stations at Shenzhen Universiade.
Developed China’s first 300m³ movable
high-vacuum multilayer liquid hydrogen
storage tank.
2013
Delivered 300m³ liquefied hydrogen
storage vessel for Hainan Wenchang
Satellite Project. Development and
sales of hydrogen compressors.
2019
Serial product development of
hydrogen refuelling stations,
hydrogen refuelling machines,
skid-mounted compressors,
and on-vehicle hydrogen supply
system.
2018Supported China’s first 70MPa hydrogen
refueling station with the new design of
87.5MPa hydrogen storage vessel.
Launched type Ⅱ Tube Bundle Container
Started the development of Type IV on-
vehicle hydrogen cylinders.
2017Successfully developed 35Mpa Type III
on-vehicle hydrogen cylinders. Started
development of 45MPa diaphragm
hydrogen compressor.
2020-2021Established a hydrogen JV with Hexagon
Purus to localize Type 4 hydrogen
cylinders; Obtained RMB 100 million order
for on-board hydrogen supply system;
Successfully delivered the first integrated
oil, gas and hydrogen energy service
station in Hebei Province; Established a
joint venture with Angang Steel for the
production of LNG and joint production of
hydrogen from coke-oven gas; Included in
the List of National Fuel Cell Vehicle
Demonstration Enterprise (Beijing);
Successfully joined the supplier list of
Beiqi Foton’s on-board hydrogen supply
system
◼ The working pressure is 45MPa, and the design
pressure is 50MPa. The standard product is consisted
of 9 vessels with the water volume of 9m3.
◼ Has Provided more than 30 hydrogen vessels of 45MPa for
domestic hydrogen refueling stations, and more than 200
hydrogen vessels of 45MPa have been exported to
hydrogen refueling stations in the United States, Canada
and South Korea.
◼ In 2017, the first domestic 70MPa hydrogen refueling
station project of the National 863 Project successfully
passed the acceptance test, and the 87.5MPa hydrogen
vessels got the domestic first-mover advantage.
55 MPa stationary hydrogen vessels exported to Plug Power in the U.S.
Hydrogen Storage Cascades in Hydrogen Refueling Station
Hydrogen Storage
H2 Storage Equipment
21
Comparison of parameters between type I hydrogen tube trailer and type II hydrogen tube trailer
Product CategoryWorking
Pressure
(MPa)
Outside
Diameter
(mm)
Minimum Wall
Thickness
(mm)
Length
(mm)Water Volume
per tube(m³)Tubes
Tubes
Weight(Kg
)
Water
Volume
(m³)
Hydrogen
Capacity
(Kg)
GVM
Rating(Kg)
11-tube Type I Hydrogen
Tube Trailer 20 559 16.5 10470 2.135 11 32400 23.49 347 32747
7-tube Type I Hydrogen Tube
Trailer 20 715 21.12 10975 3.71 7 33950 26 382 34363
12-tube Type II Glass Fiber Composite Hydrogen Tube
Trailer20 591 7.4+12.78 11580 2.585 12 29600 31.02 456 30058
12-tube Type II Carbo Fiber Composite Hydrogen
Tube Trailer20 715 9.5+7.1 11580 4.2 8 26712 33.6 495 27207
22
H2 Distribution Equipment
Safety engineering HAZOP analysis Online H2 inspection and testing tech.
Data communication and interaction between refueling station and FCV H2 Loading rate optimizationDigitalization, SaaS, remote monitoring & testing
H2 Refueling Station One-stop Solution
23
H2 Business Layout of CIMC Enric
24
Intelligent management platform
Hydrogen Industry Chain of CIMC Enric
GPRS cloud
service
Liquefaction Plant
Hydrogen production
by the electrolysis of
water
Biohydrogen
Hydrogen production
from fossil fuels
Aerospace industry
Liquid hydrogen trailer
Liquid hydrogen storage
and distribution station
Hydrogen refueling
Hydrogen fuel
cells for CHP
High-pressure hydrogen
cylinder
Forklift truck
Light-duty
truck
Heavy-duty
Truck
Bus
Rail Transit
Ship
Hydrogen
compressor
Hydrogen
tube trailers
Liquid hydrogen
tank containerHydrogenation
Apparatus
On-board hydrogen
storage system
Fuel cell system
The fuel cell is integrated by subsystems
including stack, hydrogen circulation, air
circulation, water & heat management,
control, data collection, etc.
Yet to enter
Related or already
involvedUnder R&D or future
directions
Snapshot of Joint Venture Agreement
25
CIMC Enric Hexagon Purus
A system JV
For system production &
overall external sales
A cylinder JV
For cylinder production
A Balanced Ownership Structure
CIMC Enric Angang Steel
Entered into a joint venture (“JV”) agreement to construct and
operate the project of production of liquefied natural gas (“LNG”)
and joint production of hydrogen from coke-oven gas (“COG”) (“the
Project”, entering the upstream of the clean energy industry chain
and build an end-toend demonstrative industry ecology of
resources+ storage & distribution + downstream applications.
A Balanced Ownership Structure
x
Localization of world advancing Type 4 cylinder
26
State-of-the art Type 4 technology
Type 4 cylinders - safer, lighter, higher density, lower cost
LEAK-FREE:
Precision-machined valve
interface to ensure leak free
operations
NON-CORROSIVE:
Polymer liner is corrosion free
LIGHTWEIGHT:
Reduces vehicles mass and
enhances handling and
driveability
GOOD FATIGUE STRENGTH:
High-strength carbon fibre
construction reduces impact
damage and fatigue
Cylinder
technologies
Total cost of
ownership
DescriptionFiber composite
cylinder with
aluminum lining
Fiber composite
cylinder with plastic
lining
Storage
density
Higher
Mobility
applications
Lower
Source: Company, third-party consultant
OEMProduct
Model
Travelling
Distance
Storage
Technology
Toyota Mirai 650km High Pressure
Hyundai NEXO SUV 595km High Pressure
Honda Clarity 700km High Pressure
Nikola ONE Series 1200km High Pressure
Maxus MAXUS G20 550km High Pressure
General
MotorsHydroGen 400km
Liquid
Hydrogen
➢ High pressure cylinders have been the major
trend of on-vehicle hydrogen storage that other
technology has noy yet been put into
commercial use in large scale.
Major Trend of On-vehicle H2 Storage
28
◼ There are nearly 200,000 cars with reliable experience in installing Type IV cylinders in Europe.
◼ The hydrogen vehicles manufactured by Volkswagen and Opel have applied Type IV cylinders.
◼ Due to the restrictions of oil-powered cars in Europe, the application of Type IV cylinders will grow rapidly in Europe.
◼ The installation of steel cylinder under the car will cause severe corrosion.
Advantages of Type IV Cylinders for Passenger Cars
29
◼ Type IV cylinders account for 70% of the market share on hydrogen buses in Europe, and more than 90% of hydrogen buses in North America use Type IV cylinders.
◼ Due to the light weight of Type IV cylinders, the roof of hydrogen bus can be loaded with 1200 to 2000 liters of compressed gas.
◼ The application of Type IV cylinders can reduce fuel consumption by 70% compared with Type III cylinders.
◼ The volume of the Type IV cylinders can reach 375 liters, which reduces the complexity and cost of the entire system.
Advantages of Type IV Cylinders for Buses
30
◼ The application of Type IV cylinders in the Nordic hydrogen heavy-duty truck market leads other European countries, while more than 90% of hydrogen heavy-duty trucks in North America use Type IV cylinders;
◼ Type IV on-vehicle hydrogen supply system supports 1,000-kilometer cruising range.
◼ Due to its light weight and cost advantages, the Type IV cylinder can be installed on both sides of the truck and behind the cockpit to maximize the transportation volume.
◼ Support installation on both sides of the car body to increase impact resistance
◼ Only need to perform system tightening and pressure test every 36 months
Type IV Cylinders for Heavy-duty Trucks and Special Vehicles
31
Market Prospects
32
2020
2025
2030
• System costs are not calculated and
included
• Source: Trend Bank
Promising market size of on-vehicle high-pressure hydrogen cylinders in China
Market Size:RMB 405 million FCEVs : 10,000 units
Market Size:RMB 3.92 billion(CAGR: 48.2%)
FCEVs : 100,000 units
Market Size:RMB 20 billion(CAGR: 38.5%)
FCEVs: 1 million
Liquid H2 R&D
33
Significant progress achieved in a series of topics in the field of hydrogen equipment and
application.
Liquid Hydrogen
At present, the research and development of commercial
liquid hydrogen storage and distribution equipment has
been carried out, including materials, welding, structure,
insulation plan, process and safety configuration, while
the preparation of corporate standards and overall
product plan design have been completed, as well as
passing the technical compliance review. Progress has
been made in stages.
High-pressure gaseous hydrogen
storage
ASME standard 103 MPa fixed hydrogen storage vessel
was successfully developed and ready to be launched
on the market
Distributed H2 Solutions for Building Heating/Refrigeration
burner
Fuel Cell
Contravariant loading
H2 heater
air heaterair
Bootstrap
system
Mixer
electrolyte
anode
cathode
34
To be an industry leader of key hydrogen equipment manufacturing
Implement champion product strategy
Actively participate in the new mode of cooperative operation
H2 Business Roadmap
35
Hydrogen production
Storage &
transportation
Refueling station
On-board hydrogen
cylinder and hydrogen
supply system
Distributed energy
storage application• Vigorously develop the
existing hydrogen storage
and transportation equipment business, aiming to be a leading integrated supplier of upstream hydrogen storage
and transportation
• Increase investment in the R&D of type III on vehicle cylinders and introduce type IV cylinder
Strengthen
the market
development of hydrogen
refueling stations and
explore new business
models for the construction
and operation of hydrogen
refueling stations
• Focus on the R&D of
equipment used in
hydrogen production,
purification and other
processing, taking
natural gas and
unconventional gas
exploitation as the entry
point.
• Seize other hydrogen
production opportunity.
Cooperate
with leading
OEMs in supplying
valves and on-board
cylinders, benefiting
from technological
Advantages.
Vigorously
explore applications of distributed energy
Storage in downstream market.
Upstream
Midstream
Some of Our Customers
36
End-users
& others
Business Review for 1H 2021
38
Continue adhering to the development of "manufacturing + service + intelligence", take the chemical industrial park as a
breakthrough in domestic market to achieve good performance and enhance customer loyalty.
Tank Container Manufacturing
The prices of chemicals and derivatives
increased significantly, the export market was
stable, and the orders on hand and new
orders of this segment increased significantly.
After-sales Service
Relying on the layout of the national chemical
industrial park, actively expand the
construction of the domestic after-sales
service network. The segment established a
subsidiary named CIMC Saiwei Technology
Service Co., Ltd. on 2 March 2021 to further
standardize after-sales service operation and
management and control system. CIMC Burg
Service (博格) in Europe has been in stable
operation for about 8 years, laying a good
foundation for our global network.
Intelligent IoT Platform
The the electric heating system independently
developed by the Group successfully adopted
by the leading MDI enterprise. Meanwhile, the
Group develops a comprehensive solution
integrating with software and hardware to
promote the intelligentization of tank
containers, and lay out a solid foundation for
smart logistics.
Effective Supply Chain Management
39
In the first half of 2021, with a rapid recovery in market demand, the price of raw materials rose sharply and
quickly. The segment's revenue in 1H 2021 improved by about 42% YoY through several measures such as
locking in raw material prices. Newly signed orders improved by nearly 170% YoY.
High demand for orders and sharp rise in raw material prices
In the first half of 2021, domestic steel industry ran well while domestic steel prices continued to surge.
The average Composite Steel Price Index (CSPI) from January to June was 137.85 points, an increase of
36.56%. Meanwhile, market demand recovered fast, and orders were in great demand.
Locked the price of raw materials in advance to support for production
Challenged by market changes, the segment obeyed the sound operating
philosophy, implemented supply chain management, locked the prices of raw
materials in a timely manner, and strengthened dynamic inventory management,
providing strong support to marketing.
Drive Full Life Cycle Services with IoT
40
“IoT + Tank Container” Business
Provide better services and solutions for the intelligent management
of customers' tank container operation, including sensors for
temperature, pressure, loading, location survey and a series of
intelligent terminals for data collection and transmission.
Cooperate with Shanghai Jiao Tong University to build its own
brand-new refrigeration system, which guarantees accurate
temperature control of goods in transit and provides a reliable
transportation solution for new energy battery raw materials due to
its reliability and extremely high-quality control requirements.
Focus on high-end lining tanks for high-purity chemicals demand
Work with our customers to develop lining processing tank container product to focus on the demand gap of high-end lining
tank container brought by the rapid growth of high-purity chemical market. Since its production, orders grows rapidly, with
orders for lining tank in 2020 increasing by 268% YoY, while orders as of August 2021 have exceeded the number of orders for
the whole year of 2020.
458,200508,000
552,500604,700
652,350686,650
2016 2017 2018 2019 2020 2021
Increasing Hazardous Chemicals Logistics Market
41
Vigorous development of the petrochemical industry
promotes the growth of the global tank container market
• The expansion of maritime trade and the development of the chemical and
petrochemical industries boosts the growth of global tank containers. The
growth of chemical transportation demand in Asia-Pacific region is
witnessed owing to longer coastline and more emerging economies.
According to data from ITCO, the global tank container fleet was 687,000
units as at January 2021.
China’s hazardous chemicals logistics market has a large
base and stable growth every year
• According to the data from the Dangerous Chemicals Logistics Branch of
China Federation of Logistics & Purchasing, the market size of
hazardous chemicals logistics in China is expected to reach RMB2.24
trillion by 2021. The industry maintains steady growth with a CAGR of
6.8% between 2020 and 2025.
Global tank container fleet (As at 1 January 2021)
Source: 2021 Global Tank Container Fleet Survey released by ITCO
13.4%
10.7%9.6% 9.3%
7.6%6.6%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
0
0.5
1
1.5
2
2.5
3
2018 2019 2020 2021E 2022E 2023E
China's hazardous chemicals logistics market scale
hazardous chemicals logistics market…YoY Growth Rate
Resource:China Federation of Logistics & Purchasing,CICC Research Department
Unit:RMB TrillionUnit
Liquid Food Business
⚫ Global leader :
⚫ Turn-key project for beer
⚫ Tune-key project for liquor
⚫ Other non-beer project
⚫ Bio-pharmaceuticals
⚫ Fine chemical engineering
43
Business Review of Liquid Food in 1H 2021
44
Turnkey brewery for flavored malt beverages and hard seltzers, USA
Turnkey brewery and experience center, Cambodia
Process design and equipment for a greenfield tequila distillery, Mexico
Process design & equipment for brownfield & hard seltzer facility, USA
Process design and equipment for greenfield malt and grain distillery, China
Due to the relief of the new coronavirus epidemic, the on-site construction projects involved in this
branch can be progressed normally
Develop Comprehensive Capability of Liquid Food
45
Develop Comprehensive Capability of Liquid
Food with Global Brand Advantage
Beer business
We focus on expanding
beer opportunities in the
American market, while
actively expand the
Chinese craft beer
market brought by the
trend of consumption
upgrades.
Baijiu business
Focusing on the needs of top
baijiu customers, we will
grasp good opportunity to
acquire high-quality assets to
enter into baijiu equipment
and engineering market
which worth 100 billion RMB,
and we target to reach 30%
of the market within 5 years.
Other non-beer business
Cultivating capabilities
of turnkey project and
expand other non-beer
businesses such as
juice, dairy, and
pharmaceuticals, while
entering into hard soda
market.
Currently, around 87.9% of the Segment's revenue is from the beer industry, and the rest 12.1% from
the non-beer industry.
Great Market Potential for Geographical Beer Markets
46
We are the leading supplier of global brewery turnkey projects and saccharification workshop technology
Asia, Africa and Latin America are the main
incremental markets for beer equipment
Asia, Africa and Latin America have been the main incremental
market for global beer production in the past 10 years, as well as
the main incremental market for beer equipment. Mexico and
Brazil's beer production ranks first in the entire Latin American
region with a CAGR of 5.79% and 0.24%, respectively, from 2019
to 2023.
China's craft beer penetration rate is growing driven
by consumption upgrade
It is estimated that by 2025, China's craft beer market will be
approx. RMB 87.5 billion (12.5 billion U.S. dollars), accounting for
11% of the overall beer market, and the CAGR in the next five
years will be approx. 22%, with the market size of nearly RMB 100
billion.
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
2019 2020 2021 2022E 2023E
Beer Production Trend in Mexico and Brazil
Beer production in Mexico Beer production in Brazil
Unit: 000 hundred liters
4.14.6
5.4
6.5
8
9.9
12.5
20%
11%
18%20%
22%24%
26%
0%
5%
10%
15%
20%
25%
30%
0
2
4
6
8
10
12
14
2019 2020 2021E 2022E 2023E 2024E 2025E
China's craft beer market size YoY Growth Rate
The market size of China's craft beer
Unit: billions of dollars
Resource:MarketsandMarkets
Resource:National Bureau of Statistics, GlobalData, Prospective Industry Research Institute,
Zheshang Securities Research Institute
Chinese Baijiu and Global Ready-To-Drink Beverage
47
Production equipment upgrade in the Chinese
baijiu industry
The market competition of Chinese traditional baijiu is keen, and the production
has gradually entered the process of mechanization and intellectualization, to
deeply tap the potential of internal management to reduce costs and increase
efficiency. It is estimated that the overall investment scale of baijiu equipment
market will reach RMB 114.2 billion by 2025.
Significant growth in global Ready-To-Drink
beverage marketDriven by the trend of convenience, refreshment and flavor, RTD
beverage shows strong growth momentum. According to Euromonitor,
the CAGR of RTD beverage sales from 2021 to 2025 is expected to be
8.97%. The overall liquor market has entered into a stage of stock
adjustment, while the RTD beverages perform well. The Group has
obtained orders from hard seltzers category.
Diversified layout, focuses on Chinese baijiu opportunities
Actively develop new products, such as hard seltzers, etc. to enter the emerging market
70 7185
93 96105
114
2019 2020E 2021E 2022E 2023E 2024E 2025E
Forecast on Chinese Baijiu Equipment MarketUnit: billion RMB
Sales and Growth Rate of Global Ready-to-drink market
Sales (Million USD)
Source:National Bureau of Statistics, Foresight Industry Research Institute,
strategic development Department of the GroupSource:Euromonitor, Everbright Securities Research Institute
YoY
Unit:Million USD
Industrial Beer Solutions
48
Processing equipment• Brewing house (grinding, filtering, boiling,
processing)
• Workshop built-in tank
• Off-site tank
• Integrated equipment (providing an
interface for subsequent increase in
production capacity)
• Automated production software and
hardware
Turn-key Project • Advisory
• Design
• Pilot test (adjust the taste)
• Beer recipe development
• Plant energy management
• Training
Off-site Tank Off-site Tank System Integration and Expansion
Turn-key Project
Built-in TankBrewing House
Some Customers from Industrial Beer Sector
49
Liquor Distilling Solutions
52
Grain sorting Mash Kettle Residual processing Grind & Filtration
Fermentation Distiller Liquor processing Energy management
Client Equipment related Type of the project
NHU(Zhejiang)
Fermentation tank
Saccharification tank
Supplementary feedstock tank
Water supplementary tank
Acid tank
Vitamin production line
Huadong Medicine
(Hanzhou)Fermentation tank
Supplementary tank
Winterworm summerherb
Oral liquid
NHU(Heilongjiang)
Fermentation tank
Vitamin production lineSaccharification tank
Stainless storage tank
Roche(Su zhou)Oil-based products tank
water-soluble products tank
Water tank
RTD Reagent
Major clients
(Pharmaceutical)Major pharmaceutical projects
Pharmaceutical Projects
54
Ziemann Holvrieka,
Miami
Ziemann
Holvrieka,VietnamZiemann Holvrieka
Asia
Ziemann Holvrieka,
Moscow
ZIEMANN-HOLVRIEKA Asia Co., Ltd
Ziemann Holvrieka,
German
Ziemann Holvrieka,
Denmark
Ziemann Holvrieka,
Belgium
Ziemann Holvrieka,
Netherlands
Ziemann Holvrieka,
Columbia
Ziemann Holvrieka,
San Diego
Briggs, Uk
Briggs, ShanghaiBriggs, New York
DME, Canada
R&D Center Manufacturing Base Sales Representative Office
DME, Shanghai
Global Business Layout
55
Financial Highlights
57
3,120 2,993 4,452
1,933 1,072
1,523 1,507
1,022
1,457 6,584
5,319
7,940
1H2019 1H2020 1H2021Other
Liquid Food
Unit: RMB Million
Revenue increased by 49.4% YoY
Unit: RMB Million
Net Profit Attributable to Shareholders
rose by 77.5% YoY
1H2019 1H2020 1H2021
Net Profit Attributable to Shareholders
14.3% 15.4%17.0%
15.3%12.8%
16.2%19.4%
14.2%12.9%
14.6%
23.8%
14.9%
Gross Profit Margin
Clean Energy Chemical & Environmental Liquid Food CIMC Enric
1H2019 1H2020 1H2021 1H2019 1H2020 1H2021 1H2019 1H2020 1H2021 1H2019 1H2020 1H2021
Revenue Structure
58
Clean Energy56.1%
Chemical & Environmental
19.2%
Liduid Food18.4%
Other 6.3%
China47.4%
Overseas52.6%
Revenue Breakdown by Segment Revenue Breakdown by Geographic Location
(1H2020: 48.6%)(1H2020:51.4%)
(1H2020:56.3%)
(1H2020:20.2%)
(1H2020:19.2%)
(1H2020:4.3%)
Key Financial Indicators
59
Annualized Return on Equity Basic Earnings per Share rose by 78.9% YoY
11.8%
6.2%
10.2%
1H2019 1H2020 1H2021
0.196
0.109
0.195
1H2019 1H2020 1H2021
17.3% 17.4%
16.6%
Gearing Ratio was Generally Stable
Unit: RMB Million
Asset-liability Structure Remained Stable
Unit: RMB Million
8,597 8,522 9,802
15,478 15,759 17,628
1H2019 1H2020 1H2021
Total Liabilities Total Assets
55.5%54.1%
55.6%
1,188 1,256 1,297
1,856 2,331 2,130
1H2019 1H2020 1H2021
Interest Bearing Debts Cash and Cash Equivalents
Unit: RMBUnit: %
Vision
Mission
To be a respected world-leading enterprise in
Clean energy, chemical and environmental, and liquid food industries.
To provide high-quality and reliable smart equipment and services to customers,
generate sound returns for shareholders and staff, and create sustainable value to
the society.
60
Industry Outlook
61
The Fourteenth Five-Year Plan will further promote clean
energy consumption.
‘Dual circulation’ strategy is expected to help reducing
market volatility.
Strategical layout in the hydrogen energy industry chain,
which shall be one of the future driver.
Intelligent monitoring system to build up the internet of
clean energy equipment and create value for clients.
Appendix - Company History
62
2014-2015
• Acquired Sichuan Jinke Cryogenic Engineering Co., Ltd. and Liaoning
Hashenleng Gas Liquefaction Plant Co., Ltd., entering in the field of
natural gas liquefaction.
• Bought out Dutch BURG SERVICE B.V., expanding tank container
business into European markets.
2016
• Acquired UK’s renowned Briggs Group Ltd., diversify into liquid food
processing equipment for brewing, distilling, pharmaceutical, yeast
and bio-fuel industries.2011
• Acquired Nanjing Yangzi Petrochemical Design Engineering
Company Ltd, developing capabilities in the realm of energy
and chemical storage and engineering.
2012
• Acquired the core assets of the Germany Ziemann Group—the world's
leading provider of brewery turnkey solutions and workshop
technologies for saccharification. The acquisition allows CIMC ENRIC to
promote its competitiveness in the liquid food equipment business.
2007
• CIMC Group acquired Enric Energy Equipment Holdings
(HK 3899) Ltd officially.
2013
• CIMC Enric Holdings Limited was included in Hang Seng Index
Constituent Stocks.
• Produced First LNG Railway Tank Container of China, filling the gap
of LNG railway transport in China and hitting a new record of world
plateau railway transportation.
2008
• Acquired 80% equity of Jingmen Hongtu Special Aircraft
Manufacturing Co., Ltd and entered into the realm of CNG,
LNG and LPG storage and transportation equipment.
2009
• The company completed its businesses restruction and was
renamed as CIMC Enric Holdings Limited.
• Involved in the beer fermentation tank business of Holvrieka and
started its own business of large-scale storage tanks in Nantong.
The liquid Food segment begins to take shape.
2004-2006
• CIMC Enric was established in 2004 and became one of the
leading specialised gas equipment manufacturers and an
integrated business solutions provider in the gas energy
industry in China. The company was listed on the GEM board in
2005 and transferred to the main board since 2006 (stock code:
3899.HK).
2017
• Took over Sinopacific Offshore Engineering and complement
company’s existing businesses with marine and onshore natural gas
equipment and engineering capabilities.
• Introduced Anjiehui IoT platform, adding value to clients.
Company History
63
2018
• Authorized by Extraordinary General Meeting of Shareholders, the company implemented its first restricted
share award scheme in the company's history.
2019
• Acquired Canadian brewing machine maker Diversified Metal Engineering in a bid to expand presence in
North America, achieving company’s ambition of becoming a world-leading equipment and engineering
service provider in the craft beer business.
• The production and sales volume of tank containers has been ranked first in the world for 16 consecutive
years. CIMC Enric has delivered more than 250,000 units of tank containers to the market.
2020
• Acquired Scottish copper still equipment manufacturer McMillan (Coppersmiths & Fabricators) Ltd., which
strengthens company’s distilling portfolio and will help winning more turnkey projects in the distilled
spirits industry.
• Acquired Lindenau Full Tank Service GmbH, further strengthening CIMC ENRIC’s presence in Europe, and it
will provide and reinforce timely and efficient for CIMC ENRIC’s network and after-sales-service
capabilities, particularly in the field of energy & chemical logistic Equipment.
• Signed a strategic cooperation Letter of Intent with Hexagon of Norway to actively introduce the world's
leading Type 4 hydrogen storage transportation equipment technology.
Appendix:Milestone of Liquid Food Business
DME is a leader in craft beer
engineering design and
equipment manufacturing in
North America. It has
accumulated strong technical
capital in craft beer,
distillation, fermentation and
pharmaceutical industries.
ZIEMANN, a German brand with
160 years of history, is the leading
supplier of global brewery turnkey
engineering and saccharification
transformation technology. It has
set many top records in the beer
brewing area around the world.
Founded in 1947,
Holvrieka is the
leader in the R&D,
manufacturing and
installation of
stainless steel tanks.
2016
Acquired BRIGGS
2009
Asset Injection to HOLVRIEKA
2012
Acquired ZIEMANN
2019
Acquired DME
64
McMillan has been a
significant force in UK and
worldwide supply of copper
distilling and stainless steel
process equipment since
1867. The acquisition enables
the liquid food segment to
fully cover the supply chain of
distilled spirits equipment.
Briggs, with 280 years of history,
mainly operates in the
engineering design and
manufacturing of the distillation
system equipment for Scotch
whisky and other spirits. The
acquisition enables the division
expanding from the leading beer
brewing to spirits distillation and
biomedicine.
2020
Acquired McMillan
CIMC Enric Holdings Limited (the “Company”) makes no representation as to the accuracy and
correctness, and has conducted no independent verification, of the content of this presentation. The
Company accepts no responsibility for any loss howsoever arising from in reliance upon any
information or omission herein and expressly disclaims any liability whatsoever arising therefrom. This
presentation does not constitute an offer or invitation to buy or sell any assets or securities of the
Company. The Company has made no authorization and representation in relation thereto.
The content of this presentation is strictly confidential and is the property of the Company. Upon receipt
of this presentation, you are deemed to have agreed to abide by the confidentiality agreement. You may
not circulate or duplicate any content herein to or for any other person, nor disclose any part or the
whole of this document to any person; otherwise you will be subject to legal liability.
Disclaimer & Confidentiality
65
Thank You
Tel: (852) 2528 9386
Fax: (852) 2865 9877
Email: ir@enric.com.hk
Address:CIMC R&D Center, No.2 Gangwan Avenue, Shekou Industrial Zone, Shenzhen,Guangdong, The PRC
Unit 908, 9/F., Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong
IR portal: http://www.irasia.com/listco/hk/enric
Website: http://www.enricgroup.com66