Hutchison Port Holdings Trust · SGX:NS8U
Hutchison Port Holdings Trust — FY2017 Earnings Presentation
22 slides from Hutchison Port Holdings Trust's earnings presentation, Feb 5, 2018
Slide 1: Hutchison Port Holdings Trust 2017 Financial Results Presentation
Hutchison Port Holdings Trust Your Preferred Port-of-Call 2017 Financial Results Presentation for the Year Ended 31 December 2017
Slide 2: Disclaimer
Disclaimer This presentation should be read in conjunction with, and figures herein are based on, the results of Hutchison Port Holdings Trust (“HPH Trust”) for the year ended 31 December 2017 in the SGXNET announcement. This presentation may contain forward-looking statements that involve risks and
Slide 3: Table of Contents
Table of Contents 1 Key Highlights 2 Outlook and Prospects 3 Business Review for the Year Ended 31 December 2017 4 Key Financial Performance 2 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 4: Key Highlights
1 Key Highlights 3 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 5: Key Highlights
Key Highlights • 2017 full year throughput of HPH Trust’s deep-water ports was 8% above last year. YICT’s throughput was 9% above last year. Combined throughput of HIT, COSCO-HIT and ACT (collectively “HPHT Kwai Tsing”) increased 5% yoy • The overall trend for outbound cargoes to the US and EU was p
Slide 6: Outlook and Prospects
2 Outlook and Prospects 5 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 7: Outlook and Prospects Overview
Outlook and Prospects Overview • The global trade outlook remains positive in 2018 benefitting from the continued growth in economic activities in the US, Europe, China and India although this, by and large, is still susceptible to the uncertainties and downside risks arising from geopolitical tensi
Slide 8: Outlook and Prospects (cont'd) Overview
Outlook and Prospects (cont’d) Overview • The co-management arrangement made in December 2016 has raised both productivity and cost-efficiency of HPH Trust Kwai Tsing operations in 2017 and HPH Trust is confident that further operational synergies can be achieved in 2018 as it enters its second- yea
Slide 9: Business Review for the Year Ended 31 December 2017
3 Business Review for the Year Ended 31 December 2017 8 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 10: Key Business Update: Throughput Volume
Key Business Update Throughput Volume (TEU in thousand) 30,000 YICT and HICT HIT, COSCO-HIT and ACT +6% yoy -1% yoy +8% yoy 25,000 -1% yoy -6% yoy +4% yoy +5% yoy +17% yoy 20,000 11,673 10,667 10,796 12,166 12,916 10,264 11,698 10,134 15,000 10,000 11,657 12,282 12,003 12,565 11,761 11,040 10,810 11
Slide 11: Key Financial Performance
4 Key Financial Performance 10 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 12: Key Financial Performance: Revenue and other income
Key Financial Performance Revenue and other income For the Year Ended 31 December 2017 (HK$’Million) -3% yoy Segment Information 12,000 11,551 11,912 2017 2016 10,000 8,000 36% 40% 60% 6,000 64% 4,000 2,000 0 Hong Kong Mainland China 2017 2016 11 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 13: Key Financial Performance: Total Capex
Key Financial Performance Total Capex For the Year Ended 31 December 2017 (HK$’Million) 1,800 1,600 1,400 1,200 1,000 -52% yoy 1,765 800 600 400 841 200 0 2017 2016 12 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 14: Key Financial Performance: Financial Position
Key Financial Performance Financial Position At 31 December 2017 HK$'Million Short Term Debt $4,247.1 Long Term Debt $28,452.4 Total Consolidated Debt $32,699.5 Total Consolidated Cash $6,768.1 13 HPH TRUST / RESULTS PRESENTATION 5 February, 2018
Slide 15: Key Financial Performance: Distribution
Key Financial Performance Distribution For the period from For the period from 1 January 2017 to 1 July 2017 to 30 June 2017 31 December 2017 Distribution Amount HK$827.6 million HK$966.9 million Distribution Per Unit (“DPU”) 9.50 HK cents 11.10 HK cents DPU for the year ended 31 December 2017 20.60
Slide 16: HPH Trust's Results Full Year 2017 against Last Year
HPH Trust’s Results Full Year 2017 against Last Year 1 January to 31 December Restated 2017 2016 % variance % variance (HK$'Million) Actual Actual Fav/(Unfav) Fav/(Unfav) (N1) Revenue and other income 11,551.0 11,912.3 (3%) 1% Cost of services rendered (4,131.6) (4,251.1) 3% (4%) Staff costs (288.0)
Slide 17: HPH Trust's Results 4th Quarter 2017 against Last Year
HPH Trust’s Results 4th Quarter 2017 against Last Year 1 October to 31 December Restated 2017 2016 % variance % variance (HK$'Million) Actual Actual Fav/(Unfav) Fav/(Unfav) (N1) Revenue and other income 2,856.8 2,957.5 (3%) - Cost of services rendered (1,111.2) (1,097.5) (1%) (6%) Staff costs (70.4)
Slide 18: Statements of Financial Position as at 31 December 2017 and 2016
Statements of Financial Position as at 31 December 2017 and 31 December 2016 (HK$'Million) 2017 2016 ASSETS Non-current assets Fixed assets 24,626.4 25,026.5 Projects under development 1,970.2 1,846.9 Leasehold land and land use rights 39,724.2 40,925.1 Railway usage rights 12.7 12.4 Customer relati
Slide 19: Statements of Financial Position (cont'd)
Statements of Financial Position as at 31 December 2017 and 31 December 2016 (cont’d) (HK$’Million) 2017 2016 Current liabilities Trade and other payables 6,741.6 7,648.3 Bank and other debts 4,241.2 4,242.2 Current tax liabilities 409.6 259.1 Total current liabilities 11,392.4 12,149.6 Net current
Slide 20: Statements of Cash Flows Full Year 2017 and 2016
Statements of Cash Flows Full Year 2017 and 2016 1 January to 1 January to (HK$’Million) 31 December 2017 31 December 2016 Operating activities Cash generated from operations 7,143.4 6,769.8 Interest and other finance costs paid (757.9) (638.0) Tax paid (645.5) (967.8) Net cash from operating activi
Slide 21: Statements of Cash Flows 4th Quarter 2017 and 2016
Statements of Cash Flows 4th Quarter 2017 and 2016 1 October to 1 October to (HK$’Million) 31 December 2017 31 December 2016 Operating activities Cash generated from operations 1,767.2 1,625.2 Interest and other finance costs paid (181.2) (162.1) Tax paid (154.6) (255.2) Net cash from operating acti
Slide 22: The World's Leading Port Network
THE WORLD’S LEADING PORT NETWORK
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