Hutchison Port Holdings Trust · SGX:NS8U
Hutchison Port Holdings Trust — Q2 2019 Earnings Presentation
21 slides from Hutchison Port Holdings Trust's earnings presentation, Jul 24, 2019
Slide 1: Hutchison Port Holdings Trust 2019 Financial Results Presentation
Hutchison Port Holdings Trust 2019 Financial Results Presentation for the Period Ended 30 June 2019
Slide 2: Disclaimer
Disclaimer This presentation should be read in conjunction with, and figures herein are based on, the results of Hutchison Port Holdings Trust (“HPH Trust”) for the period ended 30 June 2019 in the SGXNET announcement. This presentation may contain forward-looking statements that involve risks and u
Slide 3: Table of Contents
Table of Contents 1 Key Highlights 2 Outlook and Prospects 3 Business Review for the Period Ended 30 June 2019 4 Key Financial Performance 2 HPH TRUST / RESULTS PRESENTATION 24 July, 2019
Slide 4: Key Highlights
1 Key Highlights 3 HPH TRUST / RESULTS PRESENTATION 24 July, 2019
Slide 5: Key Highlights
Key Highlights • YTD June 2019 throughput of HPH Trust’s ports was 1% below last year. YICT’s throughput was 5% above last year. Combined throughput(N1) of HIT, COSCO-HIT and ACT (collectively “HPHT Kwai Tsing”) was 7% below last year • Although outbound cargoes to the US continued to decline in the
Slide 6: Outlook and Prospects
2 Outlook and Prospects 5 HPH TRUST / RESULTS PRESENTATION 24 July, 2019
Slide 7: Outlook and Prospects Overview
Outlook and Prospects Overview • Global external environment continues to be challenging. Trade tensions between US and China have heightened in recent months with new tit-for-tat tariffs imposed in the second quarter of 2019. Trade protectionism, macro-economic and political uncertainties, includin
Slide 8: Business Review for the Period Ended 30 June 2019
3 Business Review for the Period Ended 30 June 2019 7 HPH TRUST / RESULTS PRESENTATION 24 July, 2019
Slide 9: Key Business Update: Throughput Volume
Key Business Update Throughput Volume (TEU in thousand) 30,000 YICT and HICT (N3) HIT, COSCO-HIT and ACT 25,000 +6% yoy -1% yoy +8% yoy -1% yoy +5% yoy -1% yoy -6% yoy 20,000 11,673 12,166 10,667 10,796 12,916 13,413 11,698 15,000 -1% yoy 10,000 6,214 12,282 12,003 12,565 11,761 10,810 11,365 5,000
Slide 10: Key Financial Performance
4 Key Financial Performance 9 HPH TRUST / RESULTS PRESENTATION 24 July, 2019
Slide 11: Key Financial Performance: Revenue and Other Income
Key Financial Performance Revenue and other income For the period ended 30 June 2019 (HK$’Million) Segment Information -1% yoy 6,000 5,424 5,457 2019 2018 5,000 34% 36% 4,000 66% 64% 3,000 2,000 1,000 0 Hong Kong Mainland China 2019 2018 10 HPH TRUST / RESULTS PRESENTATION 24 July, 2019
Slide 12: Key Financial Performance: Total Capex
Key Financial Performance Total Capex For the period ended 30 June 2019 (HK$’Million) 400 -28% yoy 300 200 398 288 100 0 2019 2018 11 HPH TRUST / RESULTS PRESENTATION 24 July, 2019
Slide 13: Key Financial Performance: Financial Position
Key Financial Performance Financial Position At 30 June 2019 At 31 December 2018 HK$'Million HK$'Million Short Term Debt $4,101.1 $2,519.1 Long Term Debt $26,679.7 $29,170.4 Total Consolidated Debt $30,780.8 $31,689.5 Total Consolidated Cash $7,218.6 $6,566.4 12 HPH TRUST / RESULTS PRESENTATION 24 J
Slide 14: Key Financial Performance: Distribution
Key Financial Performance Distribution For the period from 1 January 2019 to 30 June 2019 Distribution Amount HK$522.7 million Distribution Per Unit 6.00 HK cents Ex-distribution date 31 July 2019 Books closure date 5:00p.m. 1 August 2019 Payment of distribution 20 September 2019 13 HPH TRUST / RESU
Slide 15: Unaudited Results Half Year 2019 against Last Year
HPH Trust’s Unaudited Results Half Year 2019 against Last Year 1 January to 30 June 2019 2018 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 5,423.8 5,456.6 (1%) Cost of services rendered (1,900.7) (1,998.6) 5% Staff costs (148.2) (150.0) 1% Depreciation and amortisation
Slide 16: Unaudited Results 2nd Quarter 2019 against Last Year
HPH Trust’s Unaudited Results 2nd Quarter 2019 against Last Year 1 April to 30 June 2019 2018 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 2,748.6 2,789.3 (1%) Cost of services rendered (952.5) (1,006.4) 5% Staff costs (72.7) (72.9) - Depreciation and amortisation (775
Slide 17: Statement of Financial Position as at 30 June 2019 and 31 December 2018
Statement of Financial Position as at 30 June 2019 and 31 December 2018 30 June 31 December (HK$'Million) 2019 2018 Unaudited Audited ASSETS Non-current assets Fixed assets 24,173.6 24,629.6 Projects under development 745.7 996.4 Leasehold land and land use rights 37,727.2 38,373.3 Railway usage rig
Slide 18: Statement of Financial Position (cont'd)
Statement of Financial Position as at 30 June 2019 and 31 December 2018 (cont’d) 30 June 31 December (HK$’Million) 2019 2018 Unaudited Unaudited Current liabilities Trade and other payables 5,953.0 5,928.2 Bank and other debts 4,076.4 2,517.5 Current tax liabilities 347.3 358.2 Total current liabili
Slide 19: Statement of Cash Flows Half Year 2019 and 2018
Statement of Cash Flows Half Year 2019 and 2018 1 January to 1 January to (HK$’Million) 30 June 2019 30 June 2018 Operating activities Cash generated from operations 3,476.3 2,871.2 Interest and other finance costs paid (557.8) (476.5) Tax paid (355.9) (590.9) Net cash from operating activities 2,56
Slide 20: Statement of Cash Flows 2nd Quarter 2019 and 2018
Statement of Cash Flows 2nd Quarter 2019 and 2018 1 April to 1 April to (HK$’Million) 30 June 2019 30 June 2018 Operating activities Cash generated from operations 1,478.8 1,309.7 Interest and other finance costs paid (294.1) (235.1) Tax paid (9.4) (140.1) Net cash from operating activities 1,175.3
Slide 21: The World's Leading Port Network
THE WORLD’S LEADING PORT NETWORK
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