Grindrod Limited · JSE:GND
Grindrod — FY2012 Earnings Presentation
9 slides from Grindrod's earnings presentation, February 2013
Slide 1: Additional Information for Investors and Analysts February 2013
ADDITIONAL INFORMATION FOR INVESTORS AND ANALYSTS FEBRUARY 2013
Slide 2: Segmental balance sheets as at 31 December 2012
Segmental balance sheets as at 31 December 2012 FREIGHT FINANCIAL GROUP SHIPPING TRADING TOTAL GROUP R'000 SERVICES SERVICES COSTS Fixed assets 4 800 098 2 107 678 125 280 37 114 38 840 7 109 010 Other assets 273 372 2 003 801 1 103 425 6 204 553 1 822 008 11 407 159 Current assets excluding cash 1
Slide 3: Other segmental information
Other segmental information FREIGHT FINANCIAL GROUP TOTAL SHIPPING TRADING SERVICES SERVICES COSTS GROUP R'000 Depreciation and amortisation 243 236 219 911 16 845 1 322 3 633 484 947 Net interest 56 036 60 534 34 916 7 490 (92 445) 66 531 Preference dividend 0 22 919 14 897 19 357 124 57 297
Slide 4: Net debt breakdown as at 31 December 2012
Net debt breakdown as at 31 December 2012 Net debt Loans and advances to bank cutomers 3 188 454 Liquid assets and short-term negotiables 626 378 Short term loans 518 819 Bank and cash 4 226 367 Recoverbles on cancelled ships 379 050 Long term loans (2 842 339) Deposits from bank customers (4 661 34
Slide 5: Freight Services
Freight Services Contribution by business unit Ports and Dec Please note that these KPIs are as per Management Terminals 2012 Structure (JV’s proportionally consolidated line by line and e.g. revenue will be higher than revenue legal structure (where JVs are added as a one line item Revenue 1 692 (a
Slide 6: Trading volumes
Trading Volumes Trading division volumes incl JV’s: December 2012 : 6 120 500 tonnes vs December 2011 : 8 040 943 tonnes 6
Slide 7: Shipping: Fleet overview (owned and long-term chartered ships)
Shipping Fleet overview (owned and long-term chartered ships) Contracted in at 31.12.2012 Bulk carriers Tankers Total Handy- Handy- Medium Panamax Capesize Small Chemical size max range Number (average) 16,4 1,0 0,3 3,3 8,9 4,5 2,3 36,7 2013 Cost (US$/day) 9 900 15 400 9 800 25 900 14 600 12 600 15
Slide 8: Shipping: Contract cover
Shipping Contract cover Contracted out at 31.12.2012 Bulk carriers Tankers Total Handy- Handy- Medium Panamax Capesize Small Chemical size max range Number (average) 2,7 1,0 0,1 2,5 2,7 0,9 1,7 11,6 2013 Revenue (US$/day) 11 100 9 800 24 000 36 200 15 800 9 900 16 500 18 300 Number (average) 1,2 1,0
Slide 9: Shipping: Analysis of 2012 long term vessel earnings
Shipping Analysis of 2012 long term vessel earnings Bulk carriers Tankers 2012 2011 Medium- % Handysize Handymax Panamax Capesize Small Chemical Total Total range Average number of owned/long-term 16,2 1,0 2,0 3,0 6,5 4,5 4,0 37,2 35,7 4 chartered ships Average daily 9 400 14 900 23 900 25 000 13 30