Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — Investor Presentation (March 2021)
15 slides from Compania Sud Americana De Vapores's investor presentation, March 2021
Slide 1: Shipping Industry: Current situation amid Covid-19
Compañía Sud Americana de Vapores Shipping Industry: Current situation amid Covid-19 Mr. Oscar Hasbún & Mr. Roberto Larraín CEO CFO Santiago, March 2021
Slide 2: CSAV at a glance
CSAV at a glance Who are we? Chilean-based company that participates in the container shipping business, through its stake in Well-known Luksic Group, controlled by the local Hapag-Lloyd after their merger in 2014 Luksic family, is CSAV’s main shareholder (61.76%) FY 2020 Financial Position CSAV 61.
Slide 3: CSAV: consolidation & success story
CSAV: consolidation & success story CSAV’s SAAM spin-off CSAV-HLAG Merger HLAG-UASC Merger Successful Capital Increase Foundation Port and tug- CSAV becomes the HLAG acquires 100% of Funds of USD 350 mn to paydown Merger of Compañía boat business is largest shareholder of United Arab Shipping short-
Slide 4: CSAV's results
CSAV’s results FULL YEAR 2020 Figures in USD million Result FY 2020 FY 2019 Y-o-Y Equity-accounted investees 312.3 147.8 164.5 SG&A -9.6 -7.8 -1.8 EBITDA (with equity-accounted 302.8 140.1 162.7 investees) Financial result & ex. rate diff. -24.5 -9.6 -14.9 Taxes -55.5 -0.1 -55.4 Discontinued operati
Slide 5: 1| Industry
1| Industry
Slide 6: Effective measures to mitigate Covid impact
Industry EFFECTIVE MEASURES TO MITIGATE COVID IMPACT Heavy demand fluctuations in global demand… Demand explosion in H2 2020 spilling over into 2021 Global Noticeable decrease in transport demand and 2020 monthly container available stocks during H1, mainly due to a drop in trade growth (Y-o-Y) 7%
Slide 7: Current challenges driven by several factors
Industry CURRENT CHALLENGES DRIVEN BY SEVERAL FACTORS Charter Rate Index and Freight Rate Indices evolution 3,000 Alphaliner Charter Rate Index CCFI (Monthly average) SCFI (Monthly average) Operational 150 bottlenecks: mainly SCFI / CCFI (Monthly average) on terminals and Alphaliner Charter Rate I
Slide 8: Supply evolution throughout the years
Industry SUPPLY EVOLUTION THROUGHOUT THE YEARS Higher entry barriers and non- Record low Orderbook during H1 2020, improving towards Q4 and back to pre-pandemic levels by Q1 2021 speculative growth by carriers and alliances 20 60.8% Orderbook (TEU mn) 18 60% 50.4% Restrictions on vessel 16 50% f
Slide 9: Competitive landscape reshaped by industry consolidation
Industry COMPETITIVE LANDSCAPE RESHAPED BY INDUSTRY CONSOLIDATION TOP 10 63% market share¹ 15% 13% 8% 2013 4% 4% 4% 4% 3% 3% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% TTEU 2.6 2.2 1.4 0.7 0.7 0.6 0.6 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 TOP 10 84% market share¹ 17% 16% 13% 12% March 2021 7% 7%
Slide 10: Global shipping alliances
Industry GLOBAL SHIPPING ALLIANCES THE Alliance Ocean Alliance 2M Members Global Market Share(1) 82.4% Transpacific 27% 38% 26% Share(1) Market Trade Per Far East 25% 38% 37% Total Vessels 631 1,257 1,296 Aggregate Container Capacity (TEU) 4.7 million 7.3 million 8.0 million Avg. Vessel Capacity (Si
Slide 11: 2| Hapag-Lloyd
2| Hapag-Lloyd
Slide 12: Hapag Lloyd's results
Hapag Lloyd’s results FULL YEAR 2020 Results improved strongly on the back of successful PSP Financial result FY 2020 measures, higher freight rates and lower bunker prices FY 2020 FY 2019 ∆% Revenue Transported volume (USD m) (TTEU) 11,838 12,037 (2%) Average freight rate (USD/TEU) 1,115 1,072 4% E
Slide 13: Young and efficient fleet
Hapag Lloyd Young and efficient fleet HLAG’s current fleet TEU Ships Average Vessel Size (TEU) Hapag-Lloyd 7,121 MSC 6,625 >19,000 TEU 119,220 6 Top 10 6,236 15,000 ~ 18,000 TEU 164,923 11 COSCO 6,040 13,000 ~ 15,000 TEU 121,230 9 Maersk 5,790 CMA CGM 5,371 10,000 ~ 13,000 TEU 189,285 15 8,000 ~ 10,
Slide 14: 3| Closing remarks
3| Closing remarks
Slide 15: 4| Q&A
4| Q&A
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