Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — H1 2016 Earnings Presentation
18 slides from Compania Sud Americana De Vapores's earnings presentation, August 2016
Slide 1: CSAV's H1 2016 Results
CSAV’s H1 2016 Results Aug 2016
Slide 2: Agenda
Agenda 1. Highlights 2. Market Situation 3. H1 2016 Results 4. Cash Position 5. Outlook
Slide 3: 1. Highlights
BBP cow hag as ——— 1. Highlights EICSAV
Slide 4: Highlights: H1 2016 Results
Highlights H1 2016 Results CSAV reported a loss of MMUS$ 59.5 for the first half of 2016, which negatively compares to the profit of MMUS$ 80.0 reported for the same period in 2015. The loss for the first half of 2016 is explained by the negative result from the container shipping segment of MMUS$ 5
Slide 5: Highlights: Business Combination Agreement HLAG & UASC
Highlights Business Combination Agreement HLAG & UASC On July 18, 2016, HLAG and United Arab Shipping Company S.A.G. ("UASC") signed a Business Combination Agreement ("BCA") to merge both companies. The transaction is subject to the corresponding regulatory and contractual approvals, and compliance
Slide 6: 2. Market Situation
BBP cow Cc Foes S| 2. Market Situation EIICSAV
Slide 7: Containership Fleet: Orderbook/Fleet
Containership Fleet Graph 1: Orderbook / Fleet: 17,0% (Aug 2016) Graph 2: Idle Fleet: 1,020 Th.TEU or 5.0% (Aug 2016) Fleet Orderbook Orderbook to Fleet Ratio Idle Fleet % of Total Fleet 25 90% 1.600 16% Idle Capacity in Th. Teus 80% 1.400 14% % of Total Fleet 20 70% 1.200 12% Orderbook/Fleet 60% Mi
Slide 8: Market Evolution
Market Evolution Graph 4: SCFI vs Rotterdam Platts (Jun 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
Slide 9: 4. H1 2016 Results
BBP cow Cc = S| 4. H1 2016 Results EIICSAV
Slide 10: CSAV's H1 2016 Results
CSAV´s H1 2016 Results H1 2016 H1 2015 Var MM US$ MM US$ MM US$ Operating revenue 66.6 112.0 (45.4) Operating cost (67.9) (109.5) 41.6 Gross margin (1.3) 2.5 (3.8) SG&A and others (7.0) (8.3) 1.3 Other revenue net 14.4 6.7 7.6 Operational result 6.1 0.9 5.2 EBITDA 7.3 2.6 4.7 Financial result (1.7)
Slide 11: CSAV's investment in Hapag-Lloyd joint venture
CSAV´s investment in Hapag-Lloyd joint venture Hapag-Lloyd Group figures June 30, 2016 MM US$ Group Profit/Loss attributable to shareholders (160.1) CSAV equity-account on HLAG investment MM US$ Equity-account investees at December 31, 2015 1,792.4 on Hapag-Lloyd result (50.2) PPA fair value adjustm
Slide 12: Reporting Segments Results
Reporting Segments Results Container transport services Other transport services Var Var H1 2016 H1 2015 H1 2016 H1 2015 MM US$ MM US$ MM US$ MM US$ MM US$ MM US$ Operating revenue - - - 66.6 112.0 (45.4) Operating cost - - - (67.9) (109.5) 41.6 Gross margin - - - (1.3) 2.5 (3.8) SG&A and others (1.
Slide 13: Hapag-Lloyd's H1 2016 Results
Hapag-Lloyd´s H1 2016 Results For more details on HLAG´s results please visit IR Section of HLAG website – https://www.hapag-lloyd.com/en/ir.html 13
Slide 14: 4. Cash Position
BBP cow Cc = S| 4. Cash Position EIICSAV
Slide 15: Cash Position
Cash Position Graph 5: Cash Position (USD million) 18,3 61,2 52,4 -11,9 2,4 Cash Position of Operational cash flow Investment cash flow Financing cash flow Cash Position of Dec 31, 2015 Jun 30, 2016 15
Slide 16: 5. Outlook
5. Outlook EICSAV
Slide 17: Outlook
Outlook Graph 6: SCFI vs Rotterdam Platts (Aug 2016) (1) (2) Margen SCFI - RTM Rotterdam Platts SCFI 1.800 Avg. Margin Avg. Margin Avg. Margin Avg. Margin Avg. Margin Avg. Margin 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 536 2015 = 468 1.600 1.400 1.200 1.000 800 600 400 200 0 Mar-10 Sep-10
Slide 18: 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
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