International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q1 2017 Earnings Presentation
19 slides from International Container Terminal Services's earnings presentation, May 9, 2017
Slide 1: 1Q 2017 Investor Briefing Presentation
1Q 2017 INVESTOR BRIEFING PRESENTATION May 9, 2017
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) First Quarter 1,982,773 2,053,639 2,272,647 11% 4% 337,282 15% 258,382 245,887 13% 12% 772,761 732,537 34% 731,971 35% 37% 1Q 2017 vs 1Q 2016 consolidated volume up 11%; Organic volume
Slide 4: Revenue
Revenue Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000) First Quarter 296,062 266,469 297,205 12% -10% 26,918 9% 51,569 17% 32,673 12% 107,687 36% 103,254 94,781 35% 36% Yield:TEU (in US$) 143 135 135 127 130 130 131 125 121 119 161,457
Slide 5: Consolidated P&L Highlights
Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 1Q 2016 1Q 2017 % change Volume up 11% due to improving global trade particularly in the emerging Volume (in TEU) 2,053,639 2,272,647 11% ma
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) 1Q 2016 1Q 2017 % change Financing charges & other expenses 20,944 26,214 25% Interest Expense on Loans/Bonds 21,526 26,737 24% Higher interest expense d
Slide 7: Historical Volume, Revenue and EBITDA
Historical Volume, Revenue and EBITDA CURRENCY RISK ANALYSIS Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 400 2,500 350 2,000 Volume (in TEU thousands) 296 293 297 300 282 284 284 269 266 (in USD millions) 261 256 259 249 250 240 1,500 200 147 1,00
Slide 8: 1Q 2017 Revenue Profile by Currency
1Q 2017 Revenue Profile by Currency Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Revenue Currency by Subsidiary Revenue Breakdown by Currency Subsidiaries USD/EUR Local Currency Others PKR MICT 42% USD 58% PHP RMB 2% 2% 2% BCT 76% USD; 1% EUR 23% P
Slide 9: 1Q 2017 Cash Expense Profile by Currency
1Q 2017 Cash Expense Profile by Currency Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Cash Expense Currency by Subsidiary Expense Breakdown by Currency Subsidiaries USD/EUR Local Currency MICT 35% USD 65% PHP AUD BCT 37% USD 63% PLN 2% HNL Others T
Slide 10: 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 - March 140 Currency Ave 2016 Ave 2017 Growth (%) MXN 18.03 20.31 (13) PHP 47.25 50.00 (6) 150 RMB 6.54 6.89 (5) EUR 0.91 0.94 (4) PKR 104.74 104
Slide 11: 1Q 2017 Yield/TEU Analysis
1Q 2017 Yield/TEU Analysis Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 1Q 2016 1Q 2017 % Change Volume (TEU ‘000s) 2,054 2,273 11% Revenues (US$ millions) 266 297 12% Yield/TEU (US$) 130 131 1% EBITDA (US$ millions) 122 147 21% EBITDA Margin 46% 4
Slide 12: Agenda
AGENDA Recent Financial 1 Performance Liquidity and 2 Capital Resources 3 Other Matters Questions and 4 Answers
Slide 13: Balance Sheet Summary
Balance Sheet Summary Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ millions) 2015 2016 1Q2017 Intangible and Property and equipment 2,864 3,102 3,142 Cash and cash equivalents 354 325 272 Other current and noncurrent assets 613 755 751 Tota
Slide 14: Principal Redemption Profile
Principal Redemption Profile Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ million) Capital structure is well positioned to match the long-term nature of port concession contracts. as of September 30, 2016 as of March 31, 2017 600 600 LME 50
Slide 15: Capital Expenditures
Capital Expenditures Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers 2016A 2017B US$25M (7%) US$30M (8%) US$30M (13%) US$354M US$135M US$299M (56%) (84%) US$240M US$75M (31%) US$41M US$25M Greenfield Expansionary Maintenance Investment (SPIA) 2016 CAP
Slide 16: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Others Matters Questions and 4 Answers
Slide 17: Recent Events
Recent Events Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Cavite Gateway Terminal, in partnership with the Philippine Department of 2017 Apr Transportation, launched the country’s first container roll-on roll-off barge terminal in Tanza, Cavite on
Slide 18: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 19: 1Q 2017 Investor Briefing Presentation
1Q 2017 INVESTOR BRIEFING PRESENTATION
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