Cosco Shipping Ports Limited · HKEX:1199
Cosco Shipping Ports — COSCO Pacific — H1 2012 Earnings Presentation
7 slides from Cosco Shipping Ports's earnings presentation, Aug 27, 2012
Slide 1: 2012 Interim Results Press Conference
2012 Interim Results Press Conference 27 August 2012 COSCO Pacific Limited File: 2012_0827_Interim Results Press Conference 1
Slide 2: Delivered solid profit growth from core businesses
Delivered solid profit growth from core businesses 1H 2012 1H 2011 P&L YoY US$ million US$ million Turnover 367.36 +31.8% 278.67 Gross profit 165.47 +38.7% 119.31 Operating profit 125.88 +43.9% 87.50 Operating profit after finance income & costs 92.64 +46.9% 63.08 Share of profits less losses of - J
Slide 3: Delivered solid profit growth from core businesses
Delivered solid profit growth from core businesses 1H 2012 1H 2011 Net profit by segments YoY % of total % of total US$ million US$ million TerminalsNote 1 97.84 +16.3% 48.9% 84.11 36.3% Container leasing, management and sale 72.77 +29.5% 36.3% 56.19 24.3% Container manufacturing 29.75 -67.4% 14.8%
Slide 4: Stable dividend payout ratio
Stable dividend payout ratio 1H 2012 YoY 1H 2011 Basic earnings per share (excluding non- US6.60 cents -15.8% US7.84 cents recurring items) Note Basic earnings per share (including non- US6.60 cents -24.5% US8.74 cents recurring items Note HK20.5 cents -24.6% HK27.2 cents Interim dividend per share
Slide 5: Terminal as the largest profit contributor
Terminal as the largest profit contributor Terminal division 1H 2012 YoY 1H 2011 Divisional revenue Note 1 (US$ m) 197.81 +32.3% 149.50 % of total revenue 53.8% +0.2pp 53.6% Divisional gross profit (US$ m) 72.26 +55.8% 46.38 % of total gross profit 43.7% +4.9pp 38.8% Divisional gross profit margin 3
Slide 6: Solid leasing revenue growth and strong disposal of returned container revenue growth
Solid leasing revenue growth and strong disposal of returned container revenue growth Container leasing division 1H 2012 YoY 1H 2011 Divisional revenue (US$ m) 170.57 +31.9% 129.28 - Container leasing revenue 137.69 +20.4% 114.34 - Disposal of returned containers 26.84 +182.0% 9.52 - Management inco
Slide 7: 2012 business outlook
2012 business outlook • Terminals – 2012 outlook: relatively steady – 1H 2012 throughput growth of 10.8%: above 5%-10% growth expectation – 2012 volume growth: maintain 5%-10% – Equity throughput growth > total throughput growth – balanced geographical distribution of terminal portfolio: relatively