International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q3 2025 Earnings Presentation
22 slides from International Container Terminal Services's earnings presentation, Nov 6, 2025
Slide 1: Investors' Briefing 3Q2025
Investors’ Briefing 3Q2025 Nov 6, 2025 1
Slide 2: BACT - Batam, Indonesia
BACT - Batam, Indonesia Batu Ampar Container Terminal (BACT) - Batam, Indonesia ▪ BACT is the main container terminal for Batam island, a prominent special economic zone in Indonesia, that offers significant potential for investment and economic growth ▪ ICTSI and PT Interport Sarana Infrastruktur
Slide 3: DCT Pier 2 - Durban, South Africa
DCT Pier 2 - Durban, South Africa Durban Container Terminal (DCT) Pier 2 - Port of Durban, South Africa ▪ In July 2023, ICTSI was declared the Preferred Bidder for the 25-year joint venture to develop and operate Durban Container Terminal Pier 2 ▪ In March 2024, APM Terminals BV (“APM”) filed a lega
Slide 4: DCT Pier 2 - Durban, South Africa
DCT Pier 2 - Durban, South Africa Durban Container Terminal (DCT) Pier 2 - Port of Durban, South Africa ▪ ICTSI ownership: 50% minus one share with management control and financial accounting consolidation ▪ DCT Pier 2 is South Africa’s largest terminal ▪ handles 72% of the port’s throughput and 46%
Slide 5: Consolidated Financial & Operational Highlights
Consolidated Financial & Operational Highlights 3Q 2025 +12% +7% +20% +22% +26% +26% 3.7M TEUs US$219 US$828M US$553M US$268M US$268M 67% +27% VOLUME YIELD (1) REVENUE EBITDA NET INCOME (2) RECURRING NI (3) EBITDA MARGIN DILUTED EPS 9M 2025 +11% +5% +16% 5 +17% +19% +22% 10.7M TEUs US$213 US$2.3B US
Slide 6: Yearly and Quarterly Results
Yearly and Quarterly Results 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2021 FY2022 FY2023 FY2024 (In US$ million except Volume, 2024 2024 2024 2024 2025 2025 2025 Yield & EBITDA margin) Volume (in TEU ‘000) 11,163 12,216 12,749 13,067 3,090 3,222 3,292 3,463 3,472 3,517 3,698 Gross Revenues 1,865 2,243 2,388 2,740 638
Slide 7: Agenda
Agenda 7 Recent Liquidity and Questions Financial Capital and Performance Resources Answers 7
Slide 8: Recent Financial Performance
Recent Financial Performance 8
Slide 9: Consolidated P&L Highlights
Consolidated P&L Highlights 3Q 2024 3Q 2025 % Change (In US$ ‘000, 9M 2024 9M 2025 % Change except Volume and EPS) 3,291,964 3,698,053 +12% Volume (in TEU) 9,604,127 10,687,128 +11% Gross Revenues from 691,697 827,735 +20% 2,013,370 2,337,784 +16% Port Operations 179,833 204,230 +14% Cash Operating
Slide 10: Recurring Net Income
Recurring Net Income 9M 2024 9M 2025 % Change (In US$ ‘000) Net Income Attributable to Equity Holders 632,583 751,563 +19% Non-recurring items: Less: Income from the settlement of legal claims at ICTSI Oregon (20,500) - Add: Impact of the sale of PT PBM Olah Jasa Andal (OJA) 10 1,640 - Recurring Net
Slide 11: Consolidated Volume
Consolidated Volume Third Quarter Nine Months (in ‘000 TEUs) (in ‘000 TEUs) 3,176 3,292 3,698 9,452 9,604 10,687 +11% +2% 2,001 +12% +9% 19% -5% 1,835 1,922 +4% 20% 19% 644 3,047 622 673 -4% 17% 11 2,546 +20% 29% +8% 20% 2,694 27% 20% 29% -6% 1,090 29% 951 858 26% +27% 30% -10% 5,223 +8% 5,639 4,836
Slide 12: Consolidated Revenues
Consolidated Revenues Third Quarter Nine Months (in US$ ‘million) (in US$ million) 595 692 828 1,760 2,013 2,338 +16% +14% 432 +13% 18% +20% 381 +4% 19% +16% 147 368 +8% 18% 12 21% 920 136 +14% 39% +10% 20% 804 123 21% 347 613 +31% 40% 42% 35% 264 +31% 225 +17% 38% 38% +19% 986 +18% 779 +6% 828 42%
Slide 13: Revenue/TEU Analysis
Revenue/TEU Analysis 3Q 3Q 9M 9M % change % change 2024 2025 2024 2025 3,292 3,698 +12% Volume 9,604 10,687 +11% (TEUs ‘000) 672,869 810,316 +20% Revenues 1,958,348 2,280,035 +16% (US$ ‘000) 204 219 +7% Revenue / TEU 204 213 +5% (US$) 13 204 +15 +0.1 219 204 +15 -5 213 Revenue/TEU, Organic and Forex
Slide 14: Revenue/Ton Analysis (non-containerized terminals)
Revenue/Ton Analysis (non-containerized terminals) 3Q 3Q 9M 9M % change % change 2024 2025 2024 2025 2,761 2,892 +5% Volume 7,581 8,775 +16% (Tons ‘000) 18,827 17,420 -7% Revenues 55,021 57,749 +5% (US$ ‘000) 6.82 6.02 -12% Revenue / Ton 7.26 6.58 -9% (US$) 14 6.82 -0.84 +0.05 6.02 7.26 -0.68 +0.00
Slide 15: Capital Expenditure
Capital Expenditure 9M 2025 Actual 2025 Budget 2025B CAPEX mainly for US$58m expansions at: 10% US$33m ▪ MICT ▪ CMSA ▪ IDRC (ongoing ▪ AGCT (new expansion) US$373m (ongoing expansions) 15 US$580m expansion) US$260m ▪ BCT US$108m 64% US$232m 45% (new ▪ Batangas terminal expansion) ▪ ICTSI RIO US$262m
Slide 16: Liquidity and Capital Resources
Liquidity and Capital Resources 16
Slide 17: Balance Sheet Summary
Balance Sheet Summary Balance Sheet Highlights Debt Ratios (In US$ million) Dec 31, 2024 Sept 30, 2025 Dec 31, 2024 Sept 30, 2025 Total Assets 7,649 8,035 Gearing: Debt/SHE 1.39 1.15 Current Ratio: Total Liabilities 5,745 5,848 1.39 1.40 Current Assets/Current Liab. Covenant Leverage Ratio: Total Eq
Slide 18: Cost of External Funding
Cost of External Funding 9M 2024 9M 2025 % Change (In US$’ 000) Financing Charges 134,425 124,234 -8% ▪ Interest Expense on Loans/Bonds 99,194 97,985 -1% ▪ Perpetual Securities distribution 16,080 11,175 -31% ▪ Amortization of Debt Issue Cost 10,021 7,972 -20% ▪ DST/WHT 9,130 7,101 -22% 18 FY 2024 9
Slide 19: Principal Redemption Profile
Principal Redemption Profile (In US$ million) As of June 30, 2025 Perp NC26* 298 679 400 400 300 259 196 144 95 9 31 30 21 21 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Relationship Banks 19 Bonds Perp As of Sept 30, 2025 Perp NC26* 298 683 400 300 327 259 177 96 107 5 38 21 22 2025 2026 2027
Slide 20: Summary
Summary Business fundamentals remain strong with globally diversified origin & destination portfolio providing financial and operational stability Strong volume growth coupled with strategic yield improvement initiatives pushed Revenues, EBITDA and Net Income to all-time highs 20 Tactical capital ex
Slide 21: Questions and Answers
International Container Terminal Services, Inc.
Slide 22: Thank you
International Container Terminal Services, Inc.
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