Hutchison Port Holdings Trust · SGX:NS8U
Hutchison Port Holdings Trust — Q1 2014 Earnings Presentation
18 slides from Hutchison Port Holdings Trust's earnings presentation, April 2014
Slide 1: Your Preferred Port-of-Call: 2014 Financial Results
Your Preferred Port-of-Call 2014 Financial Results Presentation for the Quarter Ended 31 March 2014
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 quarter ended 31 March 2014 in the SGXNET announcement. This presentation may contain forward-looking statements that involve risks and
Slide 3: Table of Contents
Table of Contents 1 Key Highlights 2 Outlook and Prospects 3 Business Review for the Quarter Ended 31 March 2014 4 Key Financial Performance Page 2
Slide 4: Key Highlights
= HPH TRUST @ key Highlights Page 3
Slide 5: Key Highlights
Key Highlights • YTD March 2014 throughput of HPH Trust’s deep-water ports was 3% above last year. Combined throughput of HIT, COSCO-HIT and ACT grew by 4% yoy mainly due to the acquisition of ACT on 7 March 2013, HIT’s throughput dropped by 6% yoy while YICT’s throughput grew by 2% yoy. Despite thi
Slide 6: Outlook and Prospects
2 Outlook and Prospects Page 5
Slide 7: Outlook and Prospects Overview
Outlook and Prospects Overview • Growth in the US and Europe is a major factor in determining the total volume of containers handled by HPH Trust. Consensus outlook for both is favourable in 2014 • The US economy is recovering. Its GDP expanded at a respectable rate of 2.6% in the fourth quarter of
Slide 8: Outlook and Prospects (cont'd) Overview
Outlook and Prospects (cont’d) Overview • Under pressure to control costs and boost efficiency, leading liners continue to form carrier alliances, deploying more mega-vessels to promote economies of scale and strengthen competitiveness by expanding the coverage of vessel-sharing schemes such as form
Slide 9: Business Review for the Quarter Ended 31 March 2014
3 Business Review for the Quarter Ended 31 March 2014 Page 8
Slide 10: Key Business Update: Throughput Volume
Key Business Update Throughput Volume (TEU in thousand) 30,000 YICT HIT, COSCO-HIT & ACT 25,000 +5% yoy -1% yoy +4% yoy +17% yoy -1% yoy 20,000 -4% yoy 10,667 10,796 10,264 10,134 15,000 9,684 8,579 10,000 +3% yoy 11,657 12,282 12,003 5,000 11,040 9,092 9,505 2,457 2,969 0 (N1) (N2) 2008 2009 2010 2
Slide 11: Key Financial Performance
4 Key Financial Performance Page 10
Slide 12: Key Financial Performance: Revenue and other income
Key Financial Performance Revenue and other income For the quarter ended 31 March 2014 Segment Information (HK$’Million) 4,000 +3% yoy 2,944 2,867 3,000 2,000 1,000 Hong Kong Mainland China 2014 2013 Page 11
Slide 13: Key Financial Performance: Total Capex
Key Financial Performance Total Capex For the quarter ended 31 March 2014 (HK$’Million) 350 +27% yoy 300 250 311 200 244 150 100 2014 2013 Page 12
Slide 14: Key Financial Performance: Financial Position
Key Financial Performance Financial Position At 31 March 2014 HK$'Million Short Term Debt $10,372.7 Long Term Debt $23,553.2 Total Consolidated Debt $33,925.9 Total Consolidated Cash $7,358.5 Page 13
Slide 15: Unaudited Financial Results for the Quarter Ended 31 March 2014
Unaudited Financial Results of HPH Trust for the Quarter Ended 31 March 2014 against Last Year 1 January to 31 March 2014 2013 % variance (HK$'Million) Actual Actual (N1) Fav/(Unfav) Revenue and other income 2,944.5 2,866.5 3% Cost of services rendered (1,116.9) (1,006.6) (11%) Staff costs (75.4) (7
Slide 16: Statements of Financial Position as at 31 March 2014
Statements of Financial Position as at 31 March 2014 and 31 December 2013 31 March 31 December 2014 2013 (HK$'Million) Unaudited Audited ASSETS Non-Current assets Fixed assets 25,386.3 28,123.2 Projects under development 1,748.5 1,847.8 Leasehold land and land use rights 43,500.6 44,579.4 Railway us
Slide 17: Statements of Financial Position (cont'd)
Statements of Financial Position as at 31 March 2014 and 31 December 2013 (cont’d) 31 March 31 December 2014 2013 (HK$’Million) Unaudited Audited Current liabilities Trade and other payables 6,624.2 6,582.2 Bank loans 10,349.4 10,799.2 Current tax liabilities 249.2 238.1 Total current liabilities 17
Slide 18: Cashflow Statements for the Quarter Ended 31 March 2014
Cashflow Statements for the Quarter Ended 31 March 2014 and 31 March 2013 1 January to 1 January to (HK$’Million) 31 March 2014 31 March 2013 Operating activities Cash generated from operations 1,671.9 1,525.7 Interest and other finance costs paid (115.2) (111.3) Tax paid (225.1) (223.2) Net cash fr
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