Dvmp · RUS:FESH
Dvmp — Fesco — 9M 2016 Earnings Presentation
19 slides from Dvmp's earnings presentation, Dec 5, 2016
Slide 1: Navigating Through Challenging Environment: 9M16 Operational and Financial Results
NAVIGATING THROUGH CHALLENGING ENVIRONMENT 9M16 Operational and Financial Results Investor conference call December 5, 2016
Slide 2: Important Notice
Important Notice This presentation, the information contained herein and the subsequent discussion hereof (together, the “Presentation”) relates to the operations and business of FESCO plc (the “Company”) and its subsidiaries (the “Group”). The Presentation is not intended to and does not constitute
Slide 3: Today's Speakers
Today’s Speakers Maxim Sakharov Alexander Isurin Vice President and CFO President and CEO 3
Slide 4: Macroeconomic Overview
Macroeconomic Overview Macroeconomic conditions remain challenging with the most key indicators still in the negative zone to those of the previous year A significant slowdown in the rates of decline indicates the possible end of a period of stagnation and the soft transition to recovery phase
Slide 5: Sea Container Transportation Market Dynamics
Sea Container Transportation Market Dynamics Historically, the container transportation market is exposed Container throughput in the Far Eastern ports (ths TEU)1 to seasonality with pick volumes in 2Q and 3Q Typical seasonality Pre- Increased market volatility Typical seasonality The volatility
Slide 6: Freight rates dynamics
Freight rates dynamics Deep Sea Rates vs. Intermodal Transportation Rates ($ / 40’ TEU) $7 000 $6 000 $5 000 $4 000 $3 000 $2175 $2 000 $2085 $1 000 $90 $0 Jul-14 Jul-15 Jul-16 Jun-14 Jun-15 Jun-16 Apr-14 May-14 Apr-15 May-15 Apr-16 May-16 Feb-14 Mar-14 Aug-14 Sep-14 Nov-14 Dec-14 Feb-15 Mar-15 Aug-
Slide 7: Russian Port Market Update
Russian Port Market Update Container Throughput in Russian Ports, 2016 (‘000 TEU) Shares of Major Container Operators in Far East, 2016 443 +3% 456 17,0% 694 647 35,1% VMTP -7% VSK 14,9% Vladivostok Fishing 1 359 +1% 1 365 Other 33,0% 9м 2015 9м 2016 Baltic and Arctic Far East Black and Caspian Seas
Slide 8: Russian Rail Market Update
Russian Rail Market Update Rail container transportation volumes Box Cars Rates, RUB/day/railcar2 on the East-West-East route (ths TEU)1 130 1000 120 900 110 800 100 +23% +18% 700 90 600 80 +17% +14% 500 70 400 60 300 50 200 September 2016 682 40 100 vs. September 2015 +14% 1Q13 2Q13 3Q13 4Q13 1Q14
Slide 9: Divisional Performance: Liner and Logistics Division
Divisional Performance: Liner and Logistics Division Intermodal and export-import sea container transportation LLD financial results 100 84 9M16 YoY 3Q16 QoQ 83 71 69 66 62 64 Revenue ($m) 256.1 -13.0% 95.2 -0.8% 46 39 39 39 38 44 50 33 EBITDA ($m) 8.3 -40.7% 6.1 +3.4% 13 14 16 17 11 14 17 EBITDA ma
Slide 10: Divisional Performance: Port Division
Divisional Performance: Port Division Container throughput, ths TEU General and non-container throughput, ths tonnes 100 90,1 85,8 86,2 800 715,5 84,5 84,6 77,7 596,8 80 70,6 557,7 600 497,4 480,6 492,1 493,8 60 400 40 20 200 0 0 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16
Slide 11: Divisional Performance: Rail Division
Divisional Performance: Rail Division Rail container transportation, ths TEU Rail financial results 60 50 9M16 YoY 3Q16 QoQ 47 44 46 50 42 41 40 40 Revenue ($m) 66.5 -18.7% 23.2 -2.9% 30 EBITDA ($m) 14.3 -9.5% 7.0 +55.6% 20 10 EBITDA margin 21.5% +2.2 pp 30.2% +11.3 pp 0 1Q15 2Q15 3Q15 4Q15 1Q16 2Q1
Slide 12: Divisional Performance: Shipping and Bunkering Divisions
Divisional Performance: Shipping and Bunkering Divisions Shipping financial results Bunkering financial results 9M16 YoY 3Q16 QoQ 9M16 YoY 3Q16 QoQ Revenue ($m) 45.3 -32.0% 12.7 -31.0% Revenue ($m) 15.3 -84.9% 4.7 -77.2% EBITDA ($m) 15.6 -25.7% 3.5 -31.4% EBITDA ($m) -0.3 -109.4% 0.0 n/a EBITDA marg
Slide 13: Consolidated Financial Results for the Group
Consolidated Financial Results for the Group Revenue, $ million EBITDA, $ million and EBITDA margin 543.5 160.4 -13.7% 88.5 -27.1% 543.5 25.8 -5.0% -27.8% 24.5 396.4 63.9 16.3% 16.1% 16.1% 17.7% 9M15 9M16 3Q15 3Q16 9M15 9M16 3Q15 3Q16 Port Rail LLD Shipping Bunkering Corporate EBITDA Margin Consol
Slide 14: Managing Costs and CAPEX
Managing Costs and CAPEX Costs and Expenses Optimisation Programme Capital Expenditures ($m) ($m) 9m2016 9m2015 Reduction of vessel fleet voyage costs 13.7 Port Division 1.2 2.9 Personnel expenses optimization 8.7 Rail Division 10.2 8.4 Container fleet optimization, including geographical 4.9 Liner
Slide 15: Contacts
Contacts For more information please contact IR Department: ir@fesco.com +7 (495) 780 60 01
Slide 16: Appendixes
Appendixes FESCO Transportation Gfoup
Slide 17: Operational Performance by Division for 9M16
Operational Performance by Division for 9M16 Key Operating Metrics 9M16 9M15 YoY change 3Q16 3Q15 QoQ change VMTP container throughput (ths TEU) 234.6 259.2 -9.5% 86.2 84.6 +1.9% Port operations VMTP general and non-containerized cargo 1,806.0 1,535.7 +17.6% 493.8 480.6 +2.7% throughput (ths tonnes)
Slide 18: Financial Performance by Division for 9m16
Financial Performance by Division for 9m16 Revenue ($m) EBITDA ($m) EBITDA margin Division 9M16 YoY 3Q16 QoQ 9M16 YoY 3Q16 QoQ 9M16 YoY 3Q16 QoQ Port 77.8 -12.6% 25.8 -14.0% 38.5 -20.1% 12 -27.3 49.5% -4.7 pp 46.5% -8.5 pp Rail 66.5 -18.7% 23.5 +3.1% 14.3 -9.5% 6.9 +53.3% 21.5% +2.2 pp 29.4% +9.6 pp
Slide 19: Consolidated Financial Results for the Group
Consolidated Financial Results for the Group Revenue, $ million EBITDA, $ million and EBITDA margin 250,0 50,0 200,0 40,0 150,0 30,0 100,0 20,0 50,0 10,0 0,0 0,0 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 - 10,0 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 Port Rail LLD Shipping Bunkering Port Rail LLD Shipping Bunke