International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — FY2018 Earnings Presentation
19 slides from International Container Terminal Services's earnings presentation, Mar 7, 2019
Slide 1: Excellence Uncontained
EXCELLENCE UNCONTAINED
Slide 2: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 3: Volume
Volume Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers Full Year Fourth Quarter (in TEU) (in TEU) 8,689,363 9,153,458 9,736,622 2,254,171 2,316,848 2,584,230 12% 3% 6% 403,982 5% 406,277 16% 308,789 13% 18% 1,563,888 774,524 16% 30% 1,481,973 756,843
Slide 4: Revenues
Revenues Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers Full Year Fourth Quarter (in US$ ‘000) (in US$ ‘000) 1,128,395 1,244,438 1,385,785 293,369 326,169 380,062 11% 17% 69,667 18% 11% 72,962 47,610 22% 16% 107,317 10% 28% 99,466 97,033 34% 30% 284,
Slide 5: Consolidated P&L Highlights
Consolidated P&L Highlights Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers (In US$ ‘000, except Volume & EPS) 2017 2018 % Change Volume (In TEU) Volume up 6% due to improving global trade particularly in the emerging 9,153,458 9,736,621 6% markets;
Slide 6: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Financial Liquidity and Capital Performance Resources Other Matters Questions and Answers 2017 2018 % Change (In US$ ‘000) Financing Charges & Other Expenses 132,461 128,582 -3% Interest Expense on Loans/Bonds 104,211 99,274 -5% Lower interest expense du
Slide 7: Historical Volume, Revenue & EBITDA
Historical Volume, Revenue & EBITDA Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers 500 3,000 400 380 344 336 Volume (in TEU thousands) 326 325 315 2,000 307 296 293 297 300 282 284 284 (in USD millions) 261 269 266 256 259 249 240 200 180 163 147 145
Slide 8: Proactive FX Risk Management
Proactive FX Risk Management Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers ICTSI’s revenue and cash expenses are favorably matched, which provides a natural currency hedge that mitigates against volatility attributable to FX movements. Revenue Curre
Slide 9: FX Movement
FX Movement Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers FX Movement since January 2015 and bottom line effect on ICTSI’s margins. May-15 May-16 May-17 May-18 Mar-15 Mar-16 Mar-17 Mar-18 Dec-15 Dec-16 Dec-17 Dec-18 Nov-15 Nov-16 Nov-17 Nov-18 Sep-1
Slide 10: Yield/TEU Comparison
Yield/TEU Comparison Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers % change 2017 2018 Volume (TEU ‘000) 9,153 9,737 6% Revenues (US$ million) 1,244 1,386 11% Yield/TEU (US$) 136 142 5% EBITDA (US$ millions) 578 642 11% EBITDA Margin 46% 46% FX : Neg
Slide 11: Yield/TEU and EBITDA Evolution
Yield/TEU and EBITDA Evolution Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers Yield/TEU Evolution 145 2.47 1.34 140 7.51 135 142.33 130 135.95 125 120 Yield/TEU Organic Forex New Terminals Yield/TEU Dec 2017 Dec 2018 Evolution of EBITDA Margin 48% 0.
Slide 12: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 13: Balance Sheet Summary
Balance Sheet Summary Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers (In US$ Million) 2016 2017 2018 Intangible and Property and Equipment 3,170 3,272 3,344 Cash and Cash Equivalents 325 279 447 Other Current and Non-current Assets 688 819 912 Total
Slide 14: Principal Redemption Profile
Principal Redemption Profile Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers Principal Redemption Profile Proforma as of January 31, 2019 (US$m) 800 Millions €260M Perp NC22 (4) 600 Term Loan Perp NC24 (3) Perp NC21 (2) Perp NC24 (3) 400 Perp NC21 (2)
Slide 15: Capital Expenditures
Capital Expenditures Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers 2018B 2018A 2019B $40 $8 $45 11% 2% 12% $4 $45 $40 1% 12% 15% US$380 $36 14% US$380 US$261 $182 $287 70% $335 75% 88% US$3M US$5M Greenfield Expansionary Maintenance New Projects Inv
Slide 16: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 17: Recent Events
Recent Events Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers ICTSI signed Euro260M Guaranteed Term Loan Credit Facility under its 2014 Loan Facility Program 2019 Jan ICTSI signed the Concession Agreement to operate, manage and develop the South Port
Slide 18: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 19: International Container Terminal Services, Inc.
International Container Terminal Services, Inc. i+
International Container Terminal Services — FY2018 Earnings Presentation on 6ix