International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — 2Q 2025 Earnings Presentation
21 slides from International Container Terminal Services's earnings presentation, Aug 5, 2025
Slide 1: Investors' Briefing 2Q2025
Investors’ Briefing 2Q2025 August 5, 2025 1
Slide 2: Rio Brasil Terminal - Fil Inhaúma, Rio de Janeiro
Rio Brasil Terminal - Rio de Janeiro, Brazil Fil Inhaúma Rio de Janeiro, Brazil ▪ ICTSI has acquired 73% interest in Inhaúma Fundo de Investimento Imobillario - FII, which has perpetual rights in a 32 hectare marine property of inactive shipyard located in the City of Rio de Janeiro, adjacent to ICT
Slide 3: Batu Ampar Container Terminal (BACT) - Batam, Indonesia
BACT - Batam, Indonesia Batu Ampar Container Terminal (BACT) - Batam, Indonesia ▪ Batam island, a prominent special economic zone in Indonesia, offers significant potential for investment and economic growth with current volume estimated to be in excess of 600k TEUs ▪ BACT is the main container ter
Slide 4: Consolidated Financial & Operational Highlights
Consolidated Financial & Operational Highlights 2Q 2025 +9% +3% +12% +11% +16% +16% 66% +18% VOLUME YIELD (1) REVENUE EBITDA NET INCOME (2) RECURRING NI (3) EBITDA MARGIN DILUTED EPS 1H 2025 +11% +3% +14% 4 +15% +15% +20% 66% +17% ▪ Fundamental strategies continued to drive strong performance ▪ Cons
Slide 5: Yearly and Quarterly Results
Yearly and Quarterly Results 1Q 2Q 3Q 4Q 1Q 2Q FY2021 FY2022 FY2023 FY2024 (In US$ million except Volume, 2024 2024 2024 2024 2025 2025 Yield & EBITDA margin) Volume (in TEU ‘000) 11,163 12,216 12,749 13,067 3,090 3,222 3,292 3,463 3,472 3,517 Gross Revenues 1,865 2,243 2,388 2,740 638 684 692 726 7
Slide 6: Agenda
Agenda 6 Recent Liquidity and Questions Financial Capital and Performance Resources Answers 6
Slide 7: Recent Financial Performance
Recent Financial Performance 7
Slide 8: Consolidated P&L Highlights
Consolidated P&L Highlights 2Q 2024 2Q 2025 % Change (In US$ ‘000, 1H 2024 1H 2025 % Change except Volume and EPS) 3,222,044 3,517,162 +9% Volume (in TEU) 6,312,163 6,989,075 +11% Gross Revenues from 684,025 764,628 +12% 1,321,673 1,510,048 +14% Port Operations 176,956 194,067 +10% Cash Operating Ex
Slide 9: Recurring Net Income
Recurring Net Income 1H 2024 1H 2025 % Change (In US$ ‘000) Net Income Attributable to Equity Holders 420,551 483,841 +15% Non-recurring items: Less: Income from the settlement of legal claims at ICTSI Oregon (20,500) - Add: Impact of the sale of PT PBM Olah Jasa Andal (OJA) 9 1,640 - Recurring Net
Slide 10: Consolidated Volume
Consolidated Volume Second Quarter First Half (in ‘000 TEUs) (in ‘000 TEUs) 3,174 3,222 3,517 6,276 6,312 6,989 +11% +1% 1,358 19% 1,300 1,162 +17% -11% 18% 21% +9% +2% 1,957 +8% 657 10 1,743 1,688 27% +16% 28% 653 -7% 607 19% 28% -3% 21% 19% 976 -9% 830 +18% 28% 908 26% 29% 3,463 +6% 3,674 3,233 +7
Slide 11: Consolidated Revenues
Consolidated Revenues Second Quarter First Half (in US$ ‘million) (in US$ million) 593 684 765 1,165 1,322 1,510 +14% +13% 285 19% +16% +12% 245 19% +0.3% +15% 245 142 21% 129 +10% 19% 11 573 38% 19% 539 +6% 122 +6% 388 41% 21% 291 33% +39% 277 38% 213 41% +5% 36% +30% +21% 652 332 532 537 43% 278 +
Slide 12: Revenue/TEU Analysis
Revenue/TEU Analysis 2Q 2Q % 1H 1H % 2024 2025 change 2024 2025 change 3,222 3,517 +9% Volume 6,312 6,989 +11% (TEUs ‘000) 664,499 745,032 +12% Revenues 1,285,479 1,469,719 +14% (US$ ‘000) 206 212 +3% Revenue / TEU 204 210 +3% (US$) 206 +10 -5 212 204 +15 -8 210 12 Revenue/TEU, Organic terminals For
Slide 13: Revenue/Ton Analysis
Revenue/Ton Analysis 2Q 2Q % 1H 1H % 2024 2025 change 2024 2025 change 2,589 2,979 +15% Volume 4,820 5,884 +22% (Tons ‘000) 19,526 19,596 +0.4% Revenues 36,194 40,329 +11% (US$ ‘000) 7.54 6.58 -13% Revenue / Ton 7.51 6.85 -9% (US$) 7.54 -1.11 +0.14 6.58 7.51 -0.64 -0.02 6.85 13 Revenue/Ton, Organic
Slide 14: Capital Expenditure
Capital Expenditure 1H 2025 Actual 2025 Budget 2025B CAPEX mainly for expansions at: US$58m ▪ MICT US$20m 10% ▪ CMSA ▪ IDRC (new expansion) ▪ AGCT US$51m 14 (ongoing ▪ BCT US$232m US$580m expansion) 40% ▪ Batangas terminal (ongoing US$260m expansion) (new 45% ▪ ICTSI RIO US$161m expansion) ▪ MNHPI U
Slide 15: Liquidity and Capital Resources
Liquidity and Capital Resources 15
Slide 16: Balance Sheet Summary
Balance Sheet Summary Balance Sheet Highlights Debt Ratios (In US$ million) Dec 31, 2024 Jun 30, 2025 Dec 31, 2024 Jun 30, 2025 Total Assets 7,649 7,867 Gearing: Debt/SHE 1.39 1.42 Current Ratio: Total Liabilities 5,745 5,988 1.39 1.04 Current Assets/Current Liab. Covenant Leverage Ratio: Total Equi
Slide 17: Cost of External Funding
Cost of External Funding 1H 2024 1H 2025 % Change (In US$’ 000) Financing Charges 91,965 83,885 -9% ▪ Interest Expense on Loans/Bonds 65,640 66,244 +1% ▪ Perpetual Securities distribution 12,355 7,450 -40% ▪ Amortization of Debt Issue Cost 7,335 5,363 -27% ▪ DST/WHT 6,635 4,828 -27% 17 FY 2024 1H 20
Slide 18: Principal Redemption Profile
Principal Redemption Profile As of June 30, 2025 (In US$ million) Relationship Banks Bonds Perp Perp NC26* 18 298 679 400 400 300 259 196 144 95 9 31 30 21 21 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Note: *Callable with rate reset and 250–bp step–up in 2026 18
Slide 19: Summary
Summary Extensive globally diversified origin and destination portfolio provides stability across various trade scenarios Yield improvement initiatives further enhance revenue growth 19 Focus on operating leverage continues to boosts earnings growth Healthy balance sheet, superior cash generation an
Slide 20: Questions and Answers
International Container Terminal Services, Inc.
Slide 21: Thank you
International Container Terminal Services, Inc.
International Container Terminal Services — 2Q 2025 Earnings Presentation on 6ix