International Container Terminal Services, Inc. · PSE:ICT

International Container Terminal Services — 2Q 2015 Earnings Presentation

22 slides from International Container Terminal Services's earnings presentation, Aug 10, 2015

  1. Slide 1: 2Q 2015 Investor Briefing Presentation

    2Q 2015 Investor Briefing Presentation August 10, 2015

  2. Slide 2: Agenda

    AGENDA 1 Recent Financial Performance 2 Liquidity and Capital Resources 3 Other Matters 4 Questions and Answers 5 Appendices

  3. Slide 3: Recent Financial Performance

    1 Recent Financial Performance

  4. Slide 4: Volume

    Volume 1H Volume (in TEU) 2Q Volume (in TEU) 1,530,543 1,808,928 1,905,357 3,027,005 3,566,023 3,888,130 +5% +18% 216,057 225,095 11% 13% 208,015 +9% 14% 684,752 692,193 36% 390,252 38% +18% 461,944 25% 12% 436,954 12% 932,276 891,640 1,004,548 392,615 61% 49% 53% 13% 1,416,723 36% 1,337,557 799,821

  5. Slide 5: Revenues

    Revenues 1H Revenues (in US$ ‘000 ) 2Q Revenues (in US$ ‘000 ) 204,396 261,422 256,045 -2% 413,712 510,285 552,107 +28% 25,778 24,837 10% 10% 22,713 11% 111,710 95,691 43% 37% 68,988 +8% 34% ASIA 51,755 +23% 9% 112,695 123,933 135,517 AMERICAS 51,924 47% 53% 55% 10% EMEA 45,317 2Q 2013 2Q 2014 2Q 20

  6. Slide 6: Consolidated P&L Highlights (1H)

    Consolidated P&L Highlights (1H) (in US$’000, except Volume & EPS) 1H 2014 1H 2015 % change Volume up 9% due to ramp-up at CMSA & OPC; new shipping line contracts and services at PICT; increased demand for services at SBITC; favorable Volume (in TEU) 3,566,023 3,888,130 9% impact of consolidation at

  7. Slide 7: Consolidated P&L Highlights (2Q)

    Consolidated P&L Highlights (2Q) (in US$’000, except Volume & EPS) 2Q 2014 2Q 2015 % change Volume up 5% due to new shipping lines and services, continuous growth Volume (in TEU) 1,808,928 1,905,357 5% and ramp up at CMSA & OPC, favorable impact of consolidation at YICT, and contribution of ICTSI Ir

  8. Slide 8: Recurring 1H Net Income

    Recurring 1H Net Income (in US$’000) 1H 2014 1H 2015 Net Income Attributable to 101,686 100,409 Equity Holders % change -1% Less: Non-recurring income (16,575) (323) Gain on sale of CICTI (13,150) Gain on termination of management contract in ICTSI India ( 1,946) Gain on settlement of insurance clai

  9. Slide 9: Recurring 2Q Net Income

    Recurring 2Q Net Income (in US$’000) 2Q 2014 2Q 2015 Net Income Attributable to Equity Holders 49,334 46,408 % change -6% Less: Non-recurring income (3,425) (323) Gain on termination of management contract in ICTSI India ( 1,946) Gain on settlement of insurance claims in CGSA ( 1,479) Gain on sale o

  10. Slide 10: Financing Charges & Other Expenses

    Financing Charges & Other Expenses (in US$’000) 1H 2014 1H 2015 % change Financing charges & other expenses 29,568 33,321 13% Interest Expense on Loans/Bonds 37,506 40,863 9% Interest expense higher due to higher debt level Capitalized borrowing cost (11,475) (14,975) 31% Capitalized borrowing cost

  11. Slide 11: Liquidity and Capital Resources

    2 Liquidity and Capital Resources

  12. Slide 12: Balance Sheet Summary

    Balance Sheet Summary (in US$ million) 2012 2013 2014 1H 2015 Intangible and Property and equipment - net 1,815.4 2,410.3 2,705.0 2,820.9 Cash and cash equivalents 186.8 242.2 194.3 178.6 Other current and noncurrent assets 330.8 435.2 501.5 576.8 Total Assets 2,333.0 3,087.6 3,400.8 3,576.3 Total S

  13. Slide 13: Principal Redemption Profile

    Principal Redemption Profile as of December 31, 2013 as of September 30, 2014 as of June 30, 2015 LME 3 LME 1 550 550 550 500 500 500 450 450 450 400 LME 2 400 400 350 350 350 300 300 300 250 250 250 200 200 200 150 150 150 100 100 100 50 50 50 0 0 0 Cash level ST Loans LT Loans Cash level ST Loans

  14. Slide 14: Other Matters

    3 Other Matters

  15. Slide 15: Recent Developments

    Recent Developments  Acquired 100% of Terminal Maritima de Tuxpan, S.A. de CV (TMT) from Grupo TMM, S.A.B. (TMM) and Inmobiliaria TMM, S.A. de C.V. (ITMM) in May 2015  Transferred 8% and 2% ownership interest of ICTSI Cooperatief and SIMOBILE in ICTSI DR Congo respectively, to Societe Commerciale

  16. Slide 16: Questions & Answers

    @® Questions & Answers

  17. Slide 17: Appendices

    5 Appendices

  18. Slide 18: VICT – Melbourne, Australia

    VICT – Melbourne, Australia  On May 2, 2014, ICTSI’s subsidiary, Victoria International Container Terminal Limited (“VICT”), signed a contract in Melbourne with Port of Melbourne Corporation (“POMC”) for the design, construction, commissioning, operation, maintaining and financing of the Terminal a

  19. Slide 19: ICTSI Iraq – Basra, Iraq

    ICTSI Iraq – Basra, Iraq  On April 8, 2014, ICTSI’s wholly-owned subsidiary, ICTSI (M.E) DMCC, signed contract with General Company for Ports of Iraq (“GCPI”) to operate, develop and expand container facilities at the Port of Umm Qasr in Iraq, which is the largest port in Iraq and the main gateway

  20. Slide 20: CMSA – Manzanillo, Mexico

    CMSA – Manzanillo, Mexico  CMSA is located in the Port of Manzanillo, on the Pacific coast of Mexico  CMSA’s 34-year concession granted by the Administracion Portuaria Integral de Manzanillo, S.A., de C.V. (API) for the development & operation of the second Specialized Container Terminal at the Po

  21. Slide 21: OPC – Puerto Cortes, Honduras

    OPC – Puerto Cortes, Honduras  Estimated annual capacity of 680,000 TEUs  ICTSI’s subsidiary, Operadora Portuaria Centroamericana, S.A. de C.V. (“OPC”) signed Concession Contract for the Design, Financing, Construction, Maintenance, Operation and Exploitation of the Specialized Container and Gener

  22. Slide 22: International Container Terminal Services, Inc.

    International _ Container Terminal Services, Inc. EXCELLENCE UNCONTAINED

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