Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — FY2018 Earnings Presentation
14 slides from Compania Sud Americana De Vapores's earnings presentation, Mar 26, 2019
Slide 1: Investor Presentation FY 2018 Results
Investor Presentation FY 2018 Results March 26, 2019
Slide 2: Disclaimer
Disclaimer This presentation provides general information about Compañía Sud Americana de Vapores S.A. (“CSAV”). It consists of summary information and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representations or warranties, express or
Slide 3: Agenda
Agenda 1. Highlights 2. Market Overview 3. FY 2018 Results 4. Outlook
Slide 4: Highlights
Highlights CSAV reported a net income of US$ 18.2 M in 2018, mainly explained by the result of its associate Hapag-Lloyd AG (“HLAG”). HLAG obtained profits for US$ 54.3 M, explained by a higher activity, a recovery of freight rates in relation to the fuel cost and the full capture of synergies by th
Slide 5: Market Overview
Market Overview Source: MDS Transmodal (Feb 2018), Drewry (Forecaster 4Q18), Clarksons (March 2019), Alphaliner weekly (various sources), IHS Global Insight (January 2019) Extracted from HLAG´s Investor Presentation FY 2018, available at https://www.hapag-lloyd.com/en/ir.html 5
Slide 6: Market Overview: SCFI vs Rotterdam Platts
Market Overview SCFI vs Rotterdam Platts (March 2019) SCFI -RTM Margin (1) Rotterdam Platts SCFI (2) 1.200 1.000 Avg. Margin 800 2014 = 536 600 Avg. Margin Avg. Margin Avg. Margin 2017 = 522 2018 = 435 2015 = 468 Avg. Margin 400 2016 = 436 200 0 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16 Sep-16 Mar-17 Sep-1
Slide 7: FY 2018 Results: CSAV Net Income 2017 vs 2018
FY 2018 Results: CSAV CSAV Net Income 2017 vs 2018 Figures in USD million Container Transport Segment CSAV Net Other Share of Effect of Badwill Dilution Loss Deferred Exchange rate diff. CSAV Net Income Transport HLAG's PPA on Taxes Financial result Income 2017 Services Result Results & GAE 2018 Seg
Slide 8: FY 2018 Results: CSAV
FY 2018 Results: CSAV Figures in USD million 2018 2017 YoY Q4 2018 Q4 2017 QoQ Operating revenue 91.4 109.9 (18.5) 22.4 27.8 (5.4) Operating cost (87.2) (102.6) 15.4 (22.1) (26.5) 4.4 SG&A and others (0.5) (6.0) 5.5 (2.0) (2.8) 0.8 Operational result 3.7 1.3 2.4 (1.7) (1.5) (0.2) EBITDA (w/o equity-
Slide 9: FY 2018 Results: CSAV Segments Results
FY 2018 Results: CSAV Segments Results Figures in USD million Container transport services 2018 2017 YoY Q4 2018 Q4 2017 QoQ SG&A & others (4.2) (4.5) 0.3 (1.1) (1.9) 0.8 Equity-accounted investees 14.0 (139.5) 153.5 10.3 21.3 (11.0) Financial result & Ex. rate diff (6.2) (4.1) (2.1) (1.3) (1.0) (0.
Slide 10: FY 2018 Results: Hapag-Lloyd
FY 2018 Results: Hapag-Lloyd EBITDA, EBIT, Net income, Transport Volume and Freight Rate trends EBITDA Margin EBIT Margin Figures in USD million 10,6% 9,9% 4,1% 3,8% +51% 54 +12% 36 1.199 1.345 +12% 467 524 2017 2018 2017 2018 2017 2018 EBITDA EBIT Group profit / loss +5.9% +2.1% 11.874 1.044 11.212
Slide 11: HLAG 2018: Improved results, EBITDA and EBIT compared to 2017
HLAG 2018: Improved results, EBITDA and EBIT compared to 2017 Note: UASC’s Ltd. and its subsidiaries have been included in the figures from the date control was transferred on 24 May 2017. The key figures used are therefore only comparable with the previous year to a limited extent. USD figures as s
Slide 12: Financial Position
Financial Position (Figures in USD million) Net debt (Dec 2018) Total assets 95.7 2.500 2,258 2,266 71.4 2.000 1.500 Covenant: >1,615 24.3 1.000 500 0 Financial debt Cash and cash Net debt Dec 2018 Dec 2017 equivalent Leverage Free asset ratio 30 23,5 23,9 25 1,0 Covenant: <1.3 20 15 0,5 10 5 Covena
Slide 13: Outlook: HLAG's Guidance 2019
Outlook HLAG’s Guidance 2019 Extracted from HLAG´s Investor Report FY 2018, available at https://www.hapag-lloyd.com/en/ir.html 13
Slide 14: Outlook
Outlook HLAG’s synergies by US$ 435 M will be fully visible in P&L 2019 and onward. Additionally, a new cost management program with saving run-rate of US$ 350-400 M p.a. by 2021 and a new strategy program for 2023, both already started, will allow HLAG to increase its performance and profitability
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