Grindrod Limited · JSE:GND
Grindrod — H1 2013 Earnings Presentation
10 slides from Grindrod's earnings presentation, Jun 30, 2013
Slide 1: Additional Information for Investors and Analysts
ADDITIONAL INFORMATION FOR INVESTORS AND ANALYSTS 30 June 2013
Slide 2: Management Segmental Balance Sheets as at 30 June 2013
MANAGEMENT SEGMENTAL BALANCE SHEETS AS AT 30 JUNE 2013 FREIGHT FINANCIAL GROUP TOTAL TRADING SHIPPING R'000 SERVICES SERVICES COSTS GROUP Fixed assets 2 489 361 115 982 5 845 809 141 420 60 819 8 653 391 Other assets 2 603 200 900 168 324 075 1 441 144 1 089 059 6 357 646 Current assets excluding ca
Slide 3: Segmental Analysis with breakdown of segmental adjustments per division
GRINDROD LIMITED SEGMENTAL ANALYSIS with breakdown of segmental adjustments per division for the six months ended 30 June 2013 Unaudited Unaudited Audited 30 June 30 June 31 December 2013 2012 2012* R000 R000 R000 Revenue Freight Services 2 375 855 1 853 166 3 929 411 Trading 10 263 220 15 496 462 2
Slide 4: Other Segmental Information
OTHER SEGMENTAL INFORMATION FREIGHT FINANCIAL GROUP TRADING SHIPPING TOTAL GROUP R'000 SERVICES SERVICES COSTS Depreciation and amortisation 114 381 8 290 150 011 1 039 1 971 275 692 Net interest 37 786 17 479 28 815 0 (14 534) 69 546 Preference dividend 10 979 7 137 0 9 273 61 27 450 GRINDROD LIMIT
Slide 5: Net Debt Breakdown as at 30 June 2013
NET DEBT BREAKDOWN AS AT 30 JUNE 2013 Loans and advances to bank customers 3 606 323 Liquid assets and short-term negotiables 432 505 Short term loans 638 888 Bank and cash 3 146 578 Recoverbles on cancelled ships 222 545 Long term loans (2 880 083) Deposits from bank customers (3 816 019) Current p
Slide 6: Freight Services Contribution by Business Unit
FREIGHT SERVICES CONTRIBUTION BY BUSINESS UNIT Please note that these KPIs are as per Ports, Terminals, Rail June June June Management Structure (JV’s proportionally and Seafreight 2013 2012 2011 consolidated line by line and e.g. revenue will be higher than revenue in the legal structure (where JVs
Slide 7: Trading Division Volumes
TRADING DIVISION VOLUMES Trading division volumes: YTD June 2013 : 2 331 897 tonnes vs YTD June 2012 : 3 311 701 tonnes Volumes impacted by the disposal of 50% of the Marine Fuels business to Vitol as well as the combination of the coal trading books of Vitol and Grindrod into a joint venture. Both
Slide 8: Fleet Overview (Owned and Long-Term Chartered Ships)
FLEET OVERVIEW (OWNED AND LONG-TERM CHARTERED SHIPS) Bulk carriers Tankers Medium- Contracted in at 30 June 2013 Handysize Handymax Capesize range Small Chemical Total H2 2013 Number (average) 17,5 1,0 3,0 10,0 4,5 1,0 37,0 Cost (US$/day) 9 400 15 400 19 300 14 800 13 100 17 400 12 500 2014 Number (
Slide 9: Contract Cover
CONTRACT COVER Bulk carriers Tankers Medium- Contracted at 30 June 2013 Handysize Handymax Capesize range Small Chemical Total H2 2013 Number (average) 4,5 1,0 1,7 3,3 1,3 0,7 12,5 Revenue (US$/day) 9 800 10 200 24 000 15 400 9 900 18 500 13 700 2014 Number (average) 1,6 1,5 0,9 2,2 0,6 6,8 Revenue
Slide 10: Analysis of H1 2013 Earnings – Shipping
ANALYSIS OF H1 2013 EARNINGS – SHIPPING Bulk carriers Tankers H1 2013 H1 2012 Medium- Handysize Handymax Panamax Capesize range Small Chemical Total Total % Average number of owned/long-term chartered ships 15,5 1,0 0,6 3,0 7,5 4,5 2,2 34,3 37,6 (9) Average daily revenue (US$) 8 200 11 300 19 200 23