Cosco Shipping International (hong Kong) Co., Ltd. · HKEX:517
Cosco Shipping International (hong Kong) — FY2024 Earnings Presentation
32 slides from Cosco Shipping International (hong Kong)'s earnings presentation, Mar 26, 2025
Slide 1: 2024 Annual Result Presentation
2024 Annual Result Presentation SMART NAVIGATION Visit Our Website SUSTAINABLE MOMENTUM https://hk.coscoshipping.com
Slide 2: Contents
CONTENTS About Strategy FY2024 Segmental COSCO SHIPPING Financial Performance & Appendix Result Highlights Performance International Outlook FY2024 RESULTS PRESENTATION 02
Slide 3: About COSCO SHIPPING International (Hong Kong)
About COSCO SHIPPING International (Hong Kong) COSCO SHIPPING International (Hong Kong) aims to provide global customers with green, low-carbon and digital intelligent solutions throughout the full life-cycle of shipping. Focusing on the two main segments of green and low-carbon and digital intellig
Slide 4: Overview of Business Segments
Overview of Business Segments Integrated Shipping Services Provider Ship Trading Insurance Brokerage Equipments Coatings Intelligent Ship Service Agency services relating Insurance and reinsurance Sale and installation of COSCO Kansai engaged in Provide green, low-carbon to ship building, ship inter
Slide 5: Contents
CONTENTS About Strategy FY2024 Segmental COSCO SHIPPING Financial Performance & Appendix Result Highlights Performance International Outlook FY2024 RESULTS PRESENTATION 05
Slide 6: FY2024 Result Highlights
PBT from Shipping Services Business FY2024 at an All-Time High HK$ 627,800,000 Result Highlights All major segments recorded significant year-on-year growth. By strengthening its core competitiveness and Profit Attributable to Equity Holders promoting the synergy of its shipping service business at
Slide 7: Events / Highlights of FY2024
Completed the acquisition of Helen PAGE 7 OF 32 01 Insurance Brokers • Expanded customer base. • Drove growth in revenue and profit. • Delivered outstanding performance in our insurance brokerage segment. Events / Highlights 02 Acquired Yuan Hua Technical & Supply of FY2024 Corporation • Expanded cu
Slide 8: Growing Continuously
Growing Continuously Over the years, the market cap and dividends payout of COSCO SHIPPING International (HK) have been growing continuously, providing sustainable returns to shareholders. EPS 5-yr CAGR at 18%. HK$ million HK$ cents Market Cap EPS 7,000 60 6,245 6,000 50 48.38 5,000 40 4,000 30 3,00
Slide 9: Contents
CONTENTS About Strategy FY2024 Segmental COSCO SHIPPING Financial Performance & Appendix Result Highlights Performance International Outlook FY2024 RESULTS PRESENTATION 09
Slide 10: P&L Snapshot
P&L Snapshot • Continued to trim down low- margin asphalt business. Revenue (HK$’ 000) FY2023 FY2024 Change from General Trading segment Revenue 3,341,729 3,627,126 +9% down 75% YoY. Gross Profit 663,634 845,569 +27% • Contributions from higher GPM Management Fee Income 82,954 94,570 +14% segments,
Slide 11: Balance Sheet Snapshot
Balance Sheet Snapshot • Inventories +35% YoY on increased business volume. Inventory turnover ratio at 7.95x (2023: 8.88x). (HK$’ 000) As at As at Change 31 Dec 2023 31 Dec 2024 Total Assets 9,205,229 9,333,570 +1% Total Liabilities 1,017,830 1,124,231 +10% Shareholders’ Equity 7,839,455 7,872,586
Slide 12: Key Financial Indicators
Key Financial Indicators Profitability Ratios Liquidity Ratios Current Ratio 7.3x (FY2023: 8.3x) Gross Margin 23.3% Net Margin (FY2023: 19.9%) 19.7% Quick Ratio 6.9x (FY2023: 18.2%) (FY2023: 8.0x) ROE Cast/Net Asset 75% 9.0% (FY2023: 80%) ROA (FY2023: 7.6%) 7.7% (FY2023: 6.4%) Debt Ratio 0% (FY2023:
Slide 13: Contents
CONTENTS About Strategy FY2024 Segmental COSCO SHIPPING Financial Performance & Appendix Result Highlights Performance International Outlook FY2024 RESULTS PRESENTATION 13
Slide 14: Performance of Shipping Service Segments
Performance of Shipping Service Segments Revenue Distribution PBT Distribution Insurance Brokerage Intelligent Services Ship Trading -3.7% 3.1% 6.3% Insurance Brokerage Coatings Intelligent Services Coatings 22.6% (COSCO Juton 0.1% (COSCO Juton included) not included) 52.5% Revenue from 38.5% PBT fr
Slide 15: Ship Trading Agency
SHIP Trading Agency FY2023 FY2024 • Revenue + 23% YoY No. of new build vessels delivery 16 32 • PBT +40% YoY • PBT Margin at 61% (FY23: 54%) New build vessels delivery HK$’ 000 107,053 (DWT) 792,200 1,919,272 86,782 No. of new build vessels order 57 89 FY2023 65,447 FY2024 New build vessels order (D
Slide 16: Insurance Brokerage
Insurance Brokerage 220,994 ⚫ Revenue +58% YoY HK$’ 000 ⚫ PBT +48% YoY ⚫ PBT Margin at 64% (FY23: 68%) 139,707 141,916 FY2023 ⚫ Acquisition of Helen Insurance Brokers was FY2024 95,672 the main driver of FY2024 PBT Growth. Revenue PBT 16
Slide 17: Equipment
Equipment 114,114 ⚫ Revenue +5% YoY HK$’ 000 1,814,163 ⚫ PBT +7% YoY ⚫ PBT Margin at 6% (FY23: 6%) FY2023 106,696 ⚫ Growth from external customers outside FY2024 1,725,018 COSCO SHIPPING Group benefiting from the exploration of new customers and port service projects Revenue PBT 17
Slide 18: Coatings
Coatings ⚫ Total sales volume +104% YoY to 62,834 tons ⚫ Total sales volume +13% YoY to 123.7m ⚫ Robust China’s container market, production litres +297% YoY to 7.77m TEUs ⚫ GPM improved as cost of raw materials ⚫ GPM remained steady declined ⚫ Market share increased to 12.5% ⚫ Robust shipbuilding m
Slide 19: Intelligent Services
Intelligent Services 1,325 ⚫ Pushing forward the construction of “Green HK$’ 000 and Digital Intelligent Shipping Service Platform” -3,446 ⚫ Synergies created among the Group’s business segments FY2023 FY2024 ⚫ Losses were mainly due to the expenses incurred during start-up period and the R&D 97 of
Slide 20: General Trading
General Trading ⚫ Continued to scale down asphalt business 564,080 HK$’ 000 ⚫ Sales of asphalt volume -62% YoY to 42,344 4,926 tons ⚫ Reversal of provision for impairment of FY2023 trade receivables of HK$33,778,000. FY2024 139,444 ⚫ Shared of profits from Four Brothers Rope +26% to HK$10,010,000 (F
Slide 21: Contents
CONTENTS About Strategy FY2024 Segmental COSCO SHIPPING Financial Performance & Appendix Result Highlights Performance International Outlook FY2024 RESULTS PRESENTATION 21
Slide 22: To Build a Technology-Based Shipping Service Company
Strategy and Outlook To Build a Technology-Based Shipping Service Company 22
Slide 23: Digital Intelligent and Green Low-Carbon Development Paths
Digital Intelligent Development Path Green Low-Carbon Development Path A service platform providing integrated services to our customers including shipping companies, ship builders and container builders, throughout the A new energy platform focusing on renewable fuels ship life-cycle. Currently the
Slide 24: Digital Intelligent Development Path
Generating Digital Intelligent Development Path Greater Synergies Facing the historical opportunities of the shipping industry's transformation towards intelligence and low-carbon development, we are reconstructing our service ecosystem with digital technologies. Integrating with Existing Businesses
Slide 25: Green Low-Carbon Development Path
Green Low-Carbon Development Path 2023/2024 2024/2025 2026 Establish Engagement Commitment Announced to invest Rmb350m in a Admission granted for the An annual capacity of 200,000 JV (Shanghai JOYFuel Green Energy development proposal of tonnes of green methanol will put Co., Ltd.) with Jilin Electr
Slide 26: Competitiveness of Green Methanol
Competitiveness of Green Methanol 01 02 03 04 Full Life-cycle Huge Market Cost-effectiveness Policy Support Carbon Reduction Potential • Renewable energy and biomass are • Global orders for methanol-fueled • Unlike LNG, methanol does not • China MIIT and four other ministries issued the used to prod
Slide 27: Outlook
Ｏutlook Ship Trading Insurance Equipment Coatings Intelligent Brokerage Services • Most shipyards have tight • Ａctive markets of new • Abundant technical • Oversupply in the container • Expected more services delivery schedules, limiting build vessels and vessel renovation projects for market may in
Slide 28: Contents
CONTENTS About Strategy FY2024 Segmental COSCO SHIPPING Financial Performance & Appendix Result Highlights Performance International Outlook FY2024 RESULTS PRESENTATION 28
Slide 29: Appendix I: 10-Year Revenue and PBT Breakdown
Appendix I: 10-Year Revenue and PBT Breakdown Revenue 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (thousand HKD) Coatings 1,109,466 637,033 888,766 959,576 1,002,416 1,085,028 1,685,183 1,067,153 826,045 1,344,147 Equipment 1,096,698 1,064,999 1,199,307 1,100,453 1,262,058 1,315,925 1,578,889
Slide 30: Appendix II: 5-Year Semi-annual Revenue and PBT Breakdown
Appendix II: 5-Year Semi-annual Revenue and PBT Breakdown Revenue (thousand HKD) 1H2020 2H2020 1H2021 2H2021 1H2022 2H2022 1H2023 2H2023 1H2024 2H2024 Coatings 404,067 680,961 781,822 903,361 528,020 539,133 428,884 397,161 595,777 748,370 Equipment 714,393 601,532 806,005 772,884 897,724 772,097 90
Slide 31: Appendix III: 10-Year Dividends Record
Appendix III: 10-Year Dividends Record DPS（HKD） Payout Ratio 0.6 120% 99% 101% 99.60% 99% 99% 0.5 0.48 100% 76% 0.4 0.4 77% 75% 80% 73% 61% 0.3 55% 60% 0.22 0.225 0.2 0.18 0.19 40% 0.16 0.165 0.145 0.14 0.13 0.1 20% 0 0% FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 31
Slide 32: Thank You For Attending
Thank You For Attending (852) 2809 7888 https://hk.coscoshipping.com ir@coscointl.com 32
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