Orient Overseas (international) Limited · HKEX:316
Orient Overseas (international) — H1 2012 Earnings Presentation
17 slides from Orient Overseas (international)'s earnings presentation, Aug 2, 2012
Slide 1: Orient Overseas (International) Ltd 2012 Interim Result Announcement
Orient Overseas (International) Ltd 2012 Interim Result Announcement August 2nd 2012 www.ooilgroup.com
Slide 2: Group Results Summary – 2012 1H
Group Results Summary – 2012 1H • OOIL Revenue Increased 7% to US$3.1 Billion • Container Transportation and Logistics Profit US$43.1 Million • Profit from Other Activities US$74.4 Million • Profit for the Period US$117.5 Million Aug-2, 2012 2
Slide 3: Earnings per Ordinary Share
Earnings per Ordinary Share • Earnings per Ordinary Share US 18.6 Cents • Interim Ordinary Dividend US 4.66 Cents Aug-2, 2012 3
Slide 4: Gross Results – 2012 1H
Gross Results – 2012 1H US$M 1H12 1H11 Container Transportation and Logistics Core Earnings 47.1 143.4 Loss of Disposal of Vessels (4.0) - 43.1 143.4 Others Wall Street Plaza Revaluation 5.0 5.0 Hui Xian Dividends 42.6 - Others 26.8 26.9 74.4 31.9 Aug-2, 2012 4
Slide 5: Container Transportation (excl. Logistics)
Container Transportation (excl. Logistics) US$ / TEU 1H12 1H11 %▲ Liftings ('000) 2,587 2,440 6.1% Revenue (US$M) 2,878 2,741 5.0% Revenue Per TEU (US$) 1,112 1,123 (1.0%) Net Operating Capacity (TEU) 432,825 425,153 1.8% Load Factor (%) 74% 77% (3%) Aug-2, 2012 5
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights US$M 30 Jun 2012 31 Dec 2011 Non-current Assets 4,996 4,890 Current Assets 3,040 2,839 Total Assets 8,036 7,729 Non-current Liabilities 2,439 2,311 Current Liabilities 1,254 1,160 Total Liabilities 3,693 3,471 Equity holders 4,336 4,251 Non-controlling Interests 7 7 Total Eq
Slide 7: Total Liquid Assets
Total Liquid Assets US$M 30 Jun 2012 31 Dec 2011 Cash and bank balances 2,160 2,099 Portfolio investments, Equities and 350 302 Bonds Available Liquid Assets 2,510 2,401 Restricted bank balances 17 12 Total Liquid Assets 2,527 2,413 Aug-2, 2012 7
Slide 8: Net Debt Position
Net Debt Position US$M 30 Jun 2012 31 Dec 2011 Total Liquid Assets 2,527 2,413 Debt 2,812 2,672 Net Debt 285 259 Aug-2, 2012 8
Slide 9: All Trades Liftings and Revenue per TEU
All Trades Liftings and Revenue per TEU* 2009 Total Lifting 2010 Total Lifting 2011 Total Lifting 2012 Total Lifting 2009 Total Revenue per TEU 2010 Total Revenue per TEU 2011 Total Revenue per TEU 2012 Total Revenue per TEU TEU ('000) Revenue per TEU (US$) 1,600 1,400 1,400 1,300 1,200 1,200 1,000
Slide 10: OOCL Operational Update
OOCL Operational Update* YTD Q2 2012 Q2 2011 change 1H 2012 1H 2011 change LIFTINGS (TEU'S) Trans-Pacific 325,729 301,833 7.9% 632,300 598,266 5.7% Asia-Europe 223,743 224,572 -0.4% 426,195 420,746 1.3% Trans-Atlantic 105,153 96,471 9.0% 212,669 187,408 13.5% Intra-Asia/Australasia 687,996 635,854 8
Slide 11: OOCL Average Revenue / TEU
OOCL Average Revenue / TEU* Revenue Per TEU (US$) 2,000 1,861 1,790 1,830 1,831 1,762 1,800 1,726 1,806 1,714 1,721 1,722 1,708 1,694 1,692 1,782 1,634 1,621 1,6941,718 1,629 1,718 1,696 1,602 1,600 1,640 1,536 1,531 1,607 1,597 1,599 1,585 1,397 1,396 1,472 1,508 1,542 1,507 1,467 1,476 1,355 1,461
Slide 12: Operating Costs
Operating Costs 1H 11 1H 12 Aug-2, 2012 12
Slide 13: Bunker Fuel Cost
Bunker Fuel Cost US$M 1H12 1H11 %▲ Total Consumption ('000 TON) 845 921 8% Average Price (US$ per TON) 689 593 (16%) Total Bunker Costs (US$M) 598 560 (7%) % of Total Operating Costs 23% 23% 0% Aug-2, 2012 13
Slide 14: OOCL Static Slot Capacity Breakdown
OOCL Static Slot Capacity Breakdown # of Capacity Average % of Total As at 30 Jun 2012 Vessels (TEU) (TEU) Fleet Owned* 44 270,586 6,150 63% Long Term Chartered 14 75,476 5,391 17% Operating Lease 1 4,402 4,402 1% Short Term Chartered 41 127,925 3,120 30% Charter-Out (8) (45,564) (5,696) (11%) Total
Slide 15: Industry Outlook
Industry Outlook • Given the substantial new-build capacity still to deliver, and with ongoing weak demand growth, volatile fuel prices, and fragile freight rates, continued discipline in capacity deployment and cost control will be needed for the industry to rebuild stability toward profitability.
Slide 16: Thank You
Thank You For further inquiries, please contact Investor Relations Team: Mr. Stanley Shen Phone: (852) 2833 3167 E-mail: stanley.shen@oocl.com Aug-2, 2012 16
Slide 17: Disclaimer
Disclaimer The information provided is for reference only and includes data obtained from sources provided by the relevant information provider(s) and is subject to change without notice. Orient Overseas (International) Limited (“OOIL”) and its affiliates, and the concerned information provider(s),
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