Cosco Shipping Ports Limited · HKEX:1199
Cosco Shipping Ports — Q3 2023 Earnings Presentation
26 slides from Cosco Shipping Ports's earnings presentation, Oct 26, 2023
Slide 1: 3Q2023 Results Presentation
3Q2023 Results Presentation Expanding Global Presence and Implementing Lean Operations Accelerating High-Quality Development by Increasing Efficiency
Slide 2: Agenda
AGENDA 01 Key Highlights 02 Financial Performance 03 Operational Review 04 Strategy & Outlook 05 Q&A 06 Appendix
Slide 3: Key Highlights
S882 Key Highlights The Ports en WED)
Slide 4: Terminal Profitability
Terminal Profitability Further YoY Growth for Terminal Profit in 3Q2023 ➢ Total terminal profit recorded further YoY improvement, increasing by 9.7% YoY in 3Q23 ➢ Terminal profit in China jumped 11.6% YoY in 3Q23, mainly driven by a growth in domestic demand, as well as a gradual rebound in internat
Slide 5: Financial Performance
Financial 02 Performance
Slide 6: Financial Highlights
Financial Highlights YoY Improvement on Financial Performance in 3Q2023 ➢ During 3Q23, in their local currency terms, average ASP of China’s subsidiary terminals increased 12.7% YoY and terminals in Europe rose 0.6% YoY ➢ Profit attributable to equity holders dropped slightly by 4.0% YoY in 3Q23, sh
Slide 7: Revenue and Gross Profit Margin
Revenue and Gross Profit Margin Key China’s Subsidiary Terminals Performed Well in 3Q2023 ➢ China’s subsidiary terminals: With the leading position in 3Q2023 Subsidiaries’ revenue (US$ Million) and GPM (%) their local regions and rising trade demand in recent months, Chinese Subsidiary key China’s s
Slide 8: Terminal Profit
Terminal Profit Most Regions Recorded Better YoY Terminal Profit in 3Q2023 ➢ Terminal profit in the Bohai Rim, the largest region contributor, continued its growth momentum in 3Q23 ➢ Southeast Coast saw a strong growth in 3Q23 due to an additional 30% stake in Xiamen Terminal, excluding that, this r
Slide 9: Financial Position
Financial Position Healthy Financial Condition Continues to Promote Sustainable Development ➢ Healthy cash and net gearing level enable us to continue to capture growth opportunities ➢ Total CAPEX in 9M23 was USD533M, with an even split of investment and PP&E ➢ The average borrowing rate was 5.18% i
Slide 10: Operational Review
03 Operational Review
Slide 11: Total Throughput and Equity Throughput
Total Throughput and Equity Throughput Most Regions’ Performance Showed An Improving Trend in 3Q2023 ➢ Throughput at terminals in the Bohai Rim Region, the largest contributor to our portfolio, continued to grow in 3Q23 ➢ Benefitting from a strong domestic market as well as a growing trade volume be
Slide 12: Sales And Marketing
Sales And Marketing Customer Portfolio Further Optimized in 3Q2023 ➢ During 3Q23, in their local currency terms, average ASP of China’s subsidiary terminals increased 12.7% YoY and terminals in Europe rose 0.6% YoY ➢ In 3Q23, throughput at our 8 major subsidiary terminals rose 7.6% YoY, among them,
Slide 13: Technological Innovation
Technological Innovation Continuing the Construction of Smart Ports to Facilitate Lean Operations Management GSBN EAM 5G MIS ➢ Expanding the implementation of 5G smart Further enhancing terminals’ IT infrastructure ➢ Enhancing the construction of EAM system to ports at Xiamen Terminal and CSP Abu Dh
Slide 14: New Sources of Growth
New Sources of Growth Accelerating the Development of Supply Chain Projects and Value-Added Products Supply chain projects EV Business CSP Abu Dhabi CFS Phase 1 CSP Zeebrugge CFS EV Business Total area Warehouse Capex Commissioning ➢ High-tech, value-added products and products (sqm) area (sqm) (Mil
Slide 15: Strategy & Outlook
04 Strategy & Outlook
Slide 16: Strategy
Strategy Global Terminal Network and Lean Operations Management Capitalizing on Further implementing global economic growth to lean operations management to boost optimize terminal portfolio quality and efficiency Global Expansion Diversify Disposing 16 16
Slide 17: Outlook
Outlook Challenges ➢ Weakening global economic growth ➢ Further strengthening the performance outlook of our strategic subsidiary terminals and continuing to enhance the global ➢ Increasing risks of geopolitical conflict ports network and to optimize our terminal portfolio, especially ➢ Further inte
Slide 18: COSCO SHIPPING The Ports for ALL
cosco SHIPPING WAZ The Ports for ALL 9
Slide 19: Appendix
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Slide 20: 9M2023 Terminal Profitability
9M2023 Terminal Profitability ➢ Total terminal profit increased by 1.7% YoY in the first 9 months of 2023 ➢ Terminal profit in China also increased 2.3% YoY, mainly due to a strong performance at Xiamen, Tianjin and Beibu Gulf Port terminals ➢ Terminal profit of some overseas non-subsidiaries, such
Slide 21: 9M2023 Revenue and Gross Profit Margin
9M2023 Revenue and Gross Profit Margin 9M2023 Subsidiaries’ revenue (US$ Million) and GPM (%) ➢ Terminals in China: Chinese Subsidiary • GPM in China remained at a relatively high level Overseas Subsidiary at 39.2% during 9M23 55.0% Guangzhou Nansha • Tianjin Container Terminal experienced a gradual
Slide 22: 9M2023 Terminal Profit
9M2023 Terminal Profit ➢ The terminal profit in 9M2023 was up by 1.7% YoY ➢ Terminal profits in the Bohai Rim, S.E Coast and S.W. Coast posted a growth of 11.7%, 34.9% and 52.4% YoY, respectively 9M2023 Terminal profit by regions (US$ Million) 9M2023 Terminal profit (US$ Million) 9M2022 9M2023 Y/Y 1
Slide 23: 9M2023 Total Throughput and Equity Throughput
9M2023 Total Throughput and Equity Throughput ➢ The equity throughput in 9M2023 rose 1.8% YoY, mainly driven by the strong performance of terminals in the regions of Bohai Rim, Southeastern Coast and Southwestern Coast 9M2023 Total throughput (Million TEU) 9M2023 Equity throughput (Million TEU) Tota
Slide 24: Pledge to Reach Carbon Neutrality at Subsidiary Level
Pledge to Reach Carbon Neutrality at Subsidiary Level Enhancing Energy Use Efficiency to Reduce Emissions and Combat Climate Change GHG Emissions Energy Consumption Long-term commitment: Short-term target: ➢ To achieve carbon neutrality no later than 2060 ➢ To reduce energy consumption intensity of
Slide 25: Enhancing Water and Waste Management at Subsidiary Level
Enhancing Water and Waste Management at Subsidiary Level Contributing to Ecological and Environmental Protection Water Consumption Waste Target for hazardous waste: Target: ➢ To maintain 100% hazard-free disposal of waste ➢ To enhance the management of water resources and improve water use efficienc
Slide 26: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports”) and certain plans and prospects of the management of COSCO SHIPPING Ports. Such forward-lookin