Slide 1: 2015 Final Results Press Conference
Strictly confidential COSCO Pacific 2015 Final Results Press Conference 29 March 2016
Slide 2: Note of Thanks!
ADisclaimer Note of Thanks! Dear Shareholders, COSCO Pacific has now seized the opportunity presented by the reorganisation of its parent, COSCO Group and China Shipping Group, to transform itself into a pure terminal operator, via the disposal of Florens Container Holdings Limited (“Florens”) and t
Slide 3: 2015 Results Highlights
2015 Results Disclaimer Highlights Profit attributable to equity holders up 30.4% YoY to US$381.6m Terminals: +5.7% to US$223.7m Recurring Earnings: up 3.3% to US$302.5m Container Leasing: -13.5% to US$82.8m Write back of provision on disposal of CIMC: US$79.2m EPS up 29.5% to US 12.96 cen
Slide 4: Stable Dividend Payout to Ensure Shareholder Returns
Stable Dividend Payout to Ensure Shareholder Returns 2015 DPS +29.7% YoY to Stable Dividend Policy a HK 40.2 cents Commitment to Shareholders The Board proposed a final dividend of HK 22.9 cents per Adherence to the dividend policy provides stable and share, up 48.7% YoY (2014: HK 15.4 cents) pr
Slide 5: Terminals Business Review
Terminals Disclaimer Business Review Throughput & Profit: Slow growth, due to slowdown in global economy and negative growth of China’s foreign trade Terminals division 2015 YoY 2014 Equity throughput: + 1.1% YoY to 19,262,210 TEU Divisional revenue (US$ m) 486.8 -5.8% 517.0 Revenue: -5.8% YoY
Slide 6: Container Leasing Business Review
Container Disclaimer Leasing Business Review Market competition remains fierce Container leasing division 2015 YoY 2014 Container leasing businesses were affected by oversupply, Divisional revenue (US$ m) 315.7 -11.6% 357.1 falling containers prices and market lease rates - Container leasing 285
Slide 7: 2015 Capex
2015 Capex Disclaimer 2015 Capex: US$689.4m, -0.6% YoY Terminals: US$484.5m (70.3% of total Capex), +25.0% YoY New investment: Kumport (26% effective interest) at a consideration of US$386.11 m, with 2.1m TEU operating capacity Existing: US$98.35m of which US$66.76m for PCT (mainly for const
Slide 8: 2015 Awards
2015 Awards Disclaimer • “Special Mention in the H-share Companies and Other Mainland Enterprises Category” in the “2015 Best Corporate Governance Disclosure Awards” by the Hong Kong Institute of Certified Public Accountants; • “Gold Awards for Financial Performance, Corporate Governance, Environmen
Slide 9: Outlook and Strategies
Outlook and Disclaimer Strategies Strengthened Competitiveness & Sustainability Expanded Global Strengthened Hub Network Dominant and Market Position in Share Greater China Unlock Intrinsic Value Prudent Riding on Implementation “One Belt One of the “Four Road” Areas of Initiatives Strategic Focus”
Slide 10: Outlook and Strategies
Outlook and Disclaimer Strategies Continue to adhere to the four areas of strategic focus to enhance operational efficiency and profitability so as to increase shareholder value 1 Expand global terminals network by focusing on seizing development opportunities in hub ports Seize development arisin
Slide 11: Q&A
Q&A