Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — Q3 2015 Earnings Presentation
19 slides from Compania Sud Americana De Vapores's earnings presentation, November 2015
Slide 1: Third Quarter 2015 Results
Third Quarter 2015 Results November 2015
Slide 2: Agenda
Agenda 1. Highlights 2. Market Situation 3. Third Quarter Results 4. Cash Position 5. Outlook
Slide 3: 1. Highlights
1. Highlights EICSAV
Slide 4: Highlights
Highlights CSAV reported a profit of MMUS$ 87.5 in 9M15, a significant improvement of MMUS$ 247.3 compared to the loss of MMUS$ 159.8 reported for the same period in 2014. For the third quarter of 2015, CSAV posted a profit of MMUS$ 7.6, which also compares favorably with the loss of MMUS$ 35.4 reco
Slide 5: Highlights
Highlights In order to improve its financing structure, on September 10, 2015, the Company fully prepaid its outstanding Chilean bonds(denominated in UF) . This prepayment was financed with a US dollar long-term, floating-rate loan for MMUS$ 45 from Banco Itaú Chile . On November 6, 2015, CSAV, thro
Slide 6: 2. Market Situation
2. Market Situation EICSAV
Slide 7: Containership Fleet
Containership Fleet Graph 1: Orderbook / Fleet: 21,0% (October 2015) Graph 2: Idle Fleet: 780,000 TEU or 4.0% (October 2015) Fleet Orderbook Orderbook to Fleet Ratio Idle Fleet % of Total Fleet 25 90% 1.600 16% 80% 1.400 14% 20 Orderbook/Fleet Idle Capacity in Th. Teus 70% 1.200 12% Million Teus % o
Slide 8: Market Evolution
Market Evolution Graph 4: SCFI vs Rotterdam Platts Margen SCFI - RTM Rotterdam Platts* SCFI* Average Margin Average Margin Average Margin Average Margin Average Margin Average Margin 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 536 H1´15= 505 1.800 1.600 1.400 1.200 1.000 800 600 400 200 0 Mar
Slide 9: Market Evolution: Vehicle Sales Evolution (Chile and Perú)
Market Evolution Graph 5: Vehicles Sales Evolution (Chile and Perú) Vehicle Sale (Chile and Perú) Light Vehicles Heavy Vehicles 800 700 -10% 600 43 Thousand of Vehicle 47 33 -14% 500 43 400 25 22 300 506 556 507 200 463 378 323 100 0 2011 2012 2013 2014 Q3 YTD 2014 Q3 YTD 2015 Source: ANAC (Chile) a
Slide 10: 4. Third Quarter Results
4. Third Quarter Results EICSAV
Slide 11: CSAV´s investment in Hapag-Lloyd joint venture
CSAV´s investment in Hapag-Lloyd joint venture Q1 2015 Q2 2015 Q3 2015 9M 2015 Hapag-Lloyd Group figures (MMUS$) Group Profit/Loss attributable to shareholders 144.1 30.4 2.5 177.0 Comprehensive income attributable to shareholders (76.0) 69.2 2.7 (4.1) PPA Fair Value Adjustment 29.9 27.0 23.7 80.7 C
Slide 12: CSAV´s 2015 Third Quarter Results
CSAV´s 2015 Third Quarter Results 9M 9M Var Var % Q3 2015 3Q 2014 Var Var % MMUS$ 2015 2014 Operating Revenue 147.7 189.0 (41.3) -22% 35.7 32.6 3.1 9% Operating Cost (141.7) (179.8) 38.1 -21% (32.2) (29.1) (3.1) 11% Gross Margin 6.0 9.2 (3.2) -35% 3.5 3.5 (0.0) -1% SG&A and Others (12.4) (13.8) 1.4
Slide 13: Reporting Segments Results
Reporting Segments Results Container Shipping Business Other Transport Services 9M 9M Q3 3Q 9M 9M Q3 3Q MMUS$ 2015 2014 2015 2014 2015 2014 2015 2014 Operating Revenue 0.0 0.0 0.0 0.0 147.7 189.0 35.7 32.6 Operating Cost 0.0 0.0 0.0 0.0 (141.7) (179.8) (32.2) (29.1) Gross Margin 0.0 0.0 0.0 0.0 6.0
Slide 14: Hapag-Lloyd´s Third Quarter 2015 Results
Hapag-Lloyd´s Third Quarter 2015 Results For more details on HLAG´s results please visit IR Section of HLAG website – http://www.hapag-lloyd.com/en/investor_relations/overview.html 14
Slide 15: 4. Cash Position
4. Cash Position EICSAV
Slide 16: Cash Position
Cash Position Graph 6: Cash Position (USD million) 4,8 59,6 4,3 -0,2 50,6 0,1 Cash position EBITDA Change in Working Investment Cash Flow Financing Cash Flow Cash position of Jun 30, 2015 Capital of Sept 30, 2015 16
Slide 17: 5. Outlook
5. Outlook EICSAV
Slide 18: Outlook
Outlook Graph 7: SCFI vs Rotterdam Platts Margen SCFI - RTM Rotterdam Platts* SCFI* 1.800 Avg. Margin Avg. Margin ‘10 = 918 Avg. Margin ‘11 = 392 Avg. Margin ‘12 = 605 Avg. Margin ‘13 = 480 Avg. Margin ‘14 = 536 1.600 YTD‘15 = 482 1.400 1.200 1.000 800 600 400 200 0 Jan-10 Mar-10 May-10 Jul-10 Sep-1
Slide 19: 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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