20 slides from International Container Terminal Services's earnings presentation, Mar 7, 2018
Slide 1: FY 2017 Investor Briefing Presentation
FY 2017 INVESTOR BRIEFING PRESENTATION March 7, 2018
Slide 2: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 3: Volume
Volume Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in TEU) Full Year Fourth Quarter 7,775,993 8,689,363 9,153,458 2,007,745 2,254,171 2,316,848 3% 12% 308,789 406,277 14% 18% 254,365 13% 5% 756,843 672,272 12% 657,351 34% 29% 1,481,973 33% 1,131,
Slide 4: Revenues
Revenues Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000) Full Year Fourth Quarter 259,290 293,369 326,169 1,051,325 1,128,395 1,244,438 11% 13% 72,962 47,610 22% 16% 31,098 12% 99,466 97,033 88,173 34% 30% 10% 34% 7% 251,810 159,567 20%
Slide 5: Consolidated P&L Highlights
Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 2016 2017 % change Volume up 5% due to improving global trade particularly in the emerging Volume (in TEU) 8,689,363 9,153,458 5% markets; c
Slide 6: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000s) 2016 2017 % change Financing charges & other expenses 111,402 132,461 19% Interest Expense on Loans/Bonds 92,964 103,496 11% Higher interest expense due
Slide 7: Historical Volume, Revenue & EBITDA
Historical Volume, Revenue & EBITDA CURRENCY RISK ANALYSIS Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 400 2,500 350 326 315 307 2,000 Volume (in TEU thousands) 296 293 297 300 282 284 284 269 266 261 Revenue and EBITDA (in USD millions) 256 259 2
Slide 8: Revenue and Expense Profile by Currency
Revenue and Expense Profile by Currency Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Revenue Currency by Subsidiary Cash Expense Currency by Subsidiary Revenues Breakdown by Currency Subsidiaries USD EUR Local Currency Subsidiaries USD EUR Local Cu
Slide 9: FX Movement since January 2015
FX Movement since January 2015 Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 90 100 110 120 130 January-December 140 Currency Ave 2016 Ave 2017 Growth (%) BRL 3.48 3.19 8.3 EUR 0.90 0.89 2.0 150 PKR 104.72 105.35 (0.6) MXN 18.69 18.92 (1.2) RMB 6.65
Slide 10: 2017 Yield/TEU Comparison
2017 Yield/TEU Comparison Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 2016 2017 % Change Volume (TEU ‘000) 8,689 9,153 5% Revenues (US$ million) 1,128 1,244 10% Yield/TEU (US$) 130 136 5% EBITDA (US$ million) 525 578 10% EBITDA Margin 46% 46% FX :
Slide 11: Yield/TEU Evolution
Yield/TEU Evolution Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers Evolution of Yield/TEU 138 136 1.30 1.06 134 5.85 132 130 128 136.0 126 129.9 124 122 120 Yield/TEU Dec 2016 Organic New Forex Yield/TEU Dec 2017 11
Slide 12: EBITDA Margin Evolution
EBITDA Margin Evolution Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers Evolution of EBITDA Margin 49% 0.04% 48% 2.1% 2.1% 47% 46% 46.5% 46.4% 45% EBITDA % Dec 2016 Organic Forex New Terminals EBITDA % Dec 2017 12
Slide 13: Agenda
AGENDA Recent Financial 1 Performance Liquidity and 2 Capital Resources 3 Other Matters Questions and 4 Answers
Slide 14: Balance Sheet Summary
Balance Sheet Summary Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ millions) 2015 2016 2017 Intangible and Property and equipment 2,864 3,102 3,203 Cash and cash equivalents 354 325 279 Other current and noncurrent assets 613 755 888 Total
Slide 15: Principal Redemption Profile
Principal Redemption Profile Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ million) Principal redemption is managed dynamically and opportunistically to ensure our capital structure is well positioned to match the long-term nature of port co
Slide 16: Capital Expenditures
Capital Expenditures Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers 2017B 2017A 2018B US$8M US$40M US$45M 2% 10% 12% US$30M 13% US$12M 7% US$135M US$36M US$240M 56% 21% US$175M US$380M US$75M US$127M 72% 31% US$287M 76% US$25M US$25M US$3M Greenfield
Slide 17: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Others Matters Questions and 4 Answers
Slide 18: Recent Events
Recent Events Recent Company Financial Other Overview Performance Matters Appendices Feb South Pacific International Container Terminal Limited (“SPICTL”) commenced commercial operations 2018 Jan Issued US$400M Senior Fixed-for-Life Perpetual Securities 2017 Nov PT ICTSI Jasa Prima Tbk (IJP) signed
Slide 19: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 20: FY 2017 Investor Briefing Presentation
FY 2017 INVESTOR BRIEFING PRESENTATION