Compania Sud Americana De Vapores S.a. · BCS:VAPORES

Compania Sud Americana De Vapores — 9M 2016 Earnings Presentation

30 slides from Compania Sud Americana De Vapores's earnings presentation, November 2016

  1. Slide 1: CSAV's 9M 2016 Results

    CSAV’s 9M 2016 Results November 2016

  2. Slide 2: Agenda

    Agenda 1. Highlights 2. Market Situation 3. 9M 2016 Results 4. Balance Sheet & Cash Position 5. Outlook

  3. Slide 3: 1. Highlights

    1. Highlights EICSAV

  4. Slide 4: Highlights: 9M 2016 Results

    Highlights 9M 2016 Results After three consecutives quarters reporting consolidated net losses, CSAV informed a profit of MMUS$ 3.8 in Q3 2016 which was mainly explained by the operational profit registered in the Other transport services segment which over the last two quarters have shown positive

  5. Slide 5: HLAG & UASC Business Combination Agreement

    Highlights HLAG & UASC Business Combination Agreement On July 18, 2016. HLAG and United Arab Shipping Company S.A.G. ("UASC"), which is a Persian Gulf based container shipping company, signed a Business Combination Agreement ("BCA") to merge UASC with HLAG, subject to the corresponding regulatory an

  6. Slide 6: 2. Market Situation

    2. Market Situation EIICSAV

  7. Slide 7: Containership Fleet: Orderbook/Fleet

    Containership Fleet Graph 1: Orderbook / Fleet: 16.0% (Nov 2016) Fleet Orderbook Orderbook to Fleet Ratio 25 90% 80% Orderbook/Fleet 20 70% Million TEU 60% 15 50% 10 40% 30% 5 20% 10% 0 0% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source

  8. Slide 8: Market Evolution: SCFI vs Rotterdam Platts

    Market Evolution Graph 3: SCFI vs Rotterdam Platts (Sep 2016) (1) (2) Margen SCFI - RTM Rotterdam Platts SCFI 1.800 Average Margin Average Margin Average Margin Average Margin Average Margin Average Margin 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 536 2015 = 468 1.600 1.400 1.200 1.000 800

  9. Slide 9: Market Evolution: demand growth

    Market Evolution: demand growth Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 9

  10. Slide 10: Market Evolution: adjusting supply

    Market Evolution: adjusting supply Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 10

  11. Slide 11: Market Evolution: adjusting supply

    Market Evolution: adjusting supply Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 11

  12. Slide 12: Market Evolution: consolidation trend

    Market Evolution: consolidation trend Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 12

  13. Slide 13: 4. 9M 2016 Results

    4. 9M 2016 Results EICSAV

  14. Slide 14: CSAV's 9M 2016 Results

    CSAV´s 9M 2016 Results 9M 2016 9M 2015(*) Var MM US$ MM US$ MM US$ Operating revenue 93.1 135.8 (42.6) Operating cost (90.4) (129.9) 39.4 Gross margin 2.7 5.9 (3.2) SG&A and others (11.1) (12.1) 1.0 Other revenue net 14.9 7.3 7.6 Operational result 6.5 1.1 5.4 EBITDA 6.7 1.3 5.4 Financial result (2.

  15. Slide 15: CSAV's investment in Hapag-Lloyd joint venture

    CSAV´s investment in Hapag-Lloyd joint venture Hapag-Lloyd results 9M 2016 MM US$ Group Profit / Loss attributable to the shareholders (151.9) CSAV equity-account on HLAG investment MM US$ Equity-account investees at December 31. 2015 1,792.4 on Hapag-Lloyd result (47.6) PPA fair value adjustment 20

  16. Slide 16: Reporting Segments Results

    Reporting Segments Results Container transport services Other transport services Var Var (*) (*) 9M 2016 9M 2015 9M 2016 9M 2015 MM US$ MM US$ MM US$ MM US$ MM US$ MM US$ Operating revenue 93.1 135.8 (42.7) Operating cost (90.4) (129.9) 39.5 Gross margin 2.7 5.9 (3.2) SG&A and others (2.7) (1.5) (1.

  17. Slide 17: Other Transport Services

    Other Transport Services Operational Quarterly Result Evolution CSAV Operational result evolution (MM US$) 4,0 2,3 2,6 2,0 0,6 - Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 (2,0) (4,0) (6,0) (7,0) (7,0) (8,0) Note: to make it comparable with previous quarters, Q3-16 considers MMUS$ 1,1 operational profit from dis

  18. Slide 18: Hapag-Lloyd's 9M 2016 Results

    Hapag-Lloyd´s 9M 2016 Results For more details on HLAG´s results please visit IR Section of HLAG website – https://www.hapag-lloyd.com/en/ir.html 18

  19. Slide 19: Hapag-Lloyd 9M 2016 results (source slide)

    Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 19

  20. Slide 20: Hapag-Lloyd 9M 2016 results (source slide)

    Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 20

  21. Slide 21: Resultados HLAG 2015

    Resultados HLAG 2015 Resultados y desempeño de Hapag-Lloyd A.G. Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 21

  22. Slide 22: Hapag-Lloyd 9M 2016 results (source slide)

    Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 22

  23. Slide 23: 4. Balance Sheet & Financial Position

    4. Balance Sheet & Financial Position

  24. Slide 24: Balance Sheet Position (figures in US$ million)

    Balance Sheet Position (figures in US$ million) September December Assets 2016(*) 2015 Var Cash & cash equivalents 42.6 52.4 (9.8) Accounts receivables 25.7 18.4 7.3 Inventories 1.9 2.2 (0.3) Other current assets 3.5 7.1 (3.7) Assets accounted for sale 28.3 28.3 Total current assets 102.0 80.2 21.8

  25. Slide 25: Cash Position

    Cash Position Graph 4: Cash Position (USD million) 52,4 -5,8 Adjusted EBITDA -9,2 16,2 42,6 Antitrust outflows & -11,1 Provisions -2,3 WC 2,5 -19,2 31.12.15 Operational Investing cash Flow Financing OV Cash Position 30.09.16 Cash Flow Cash Flow 25

  26. Slide 26: 5. Outlook

    5. Outlook EICSAV

  27. Slide 27: Outlook: SCFI vs Rotterdam Platts

    Outlook Graph 5: SCFI vs Rotterdam Platts (Nov 2016) (1) (2) Margen SCFI - RTM Rotterdam Platts SCFI 1.800 Avg. Margin Avg. Margin Avg. Margin Avg. Margin Avg. Margin Avg. Margin 1.600 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 536 2015 = 468 1.400 1.200 1.000 800 600 400 200 0 Mar-10 Sep-10

  28. Slide 28: Hapag-Lloyd Outlook

    Hapag-Lloyd Outlook: Source: HLAG´s Investor 9M 2016 Presentation, available in https://www.hapag-lloyd.com/en/ir.html 28

  29. Slide 29: Other Transport Services Outlook

    Other Transport Services Outlook: Car Carrier business: • Demand • Retail light vehicle sales seems to have hit the bottom showing some signs of recovery • High and heavy vehicle sales (trucks, buses and others) still falling, no signs of recovery yet. In 2016, CSAV thanks to its strong commercial a

  30. Slide 30: 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

Compañía Sud Americana de Vapores — 9M 2016 Earnings Presentation on 6ix