Stock Code:01600.HK

China Tian Lun Gas Holdings Limited

2020

Annual Results Investor Presentation

2021/03

Contents

I. Performance Summary

  1. Business Review III. Financial Review IV. Outlook

V. Appendix

2

Performance Summary

Retail gas sales volume grew by 7.9% to 1.218 billion m³in 2020

Number of residential customers grew by 29.5% to over 4.17 million household

Dollar margin has risen steadily throughout the year to 0.56 RMB/m³

Core profit increased by 10.3% to RMB 895 million,26% CAGR since listing

Operating Cash Flow increased to RMB 1.39 billion, grew by 7.4%;

free cash flow reached RMB 521 million.

The board recommends a final dividend of RMB 15.3 cents, the cumulative

dividend per share for the full year of 2020 is 26.7 cents, 14% increase from last year

3

Performance Summary

Peers Comparison

In 2020, our retail gas sales volume growth kept at rapid pace with notable performance in residential gas volume.

4

Peers Comparison

Performance Summary

  • Despite impact of Covid-19, connections revenue maintained positive growth and recurring profit achieved 10% YoY expansion
  • Dividend payout (based on recurring profit) was lifted to 30%, in line with peers
  • ROE was maintained at >20%, among the sector highest

5

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China Tian Lun Gas Holdings Ltd. published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 10:51:06 UTC.