Hutchison Port Holdings Trust · SGX:NS8U
Hutchison Port Holdings Trust — H1 2020 Earnings Presentation
20 slides from Hutchison Port Holdings Trust's earnings presentation, Jul 27, 2020
Slide 1: Hutchison Port Holdings Trust 2020 Financial Results Presentation
Hutchison Port Holdings Trust 2020 Financial Results Presentation for the Period Ended 30 June 2020
Slide 2: Disclaimer
Disclaimer This presentation should be read in conjunction with, and figures herein are based on, the results of Hutchison Port Holdings Trust (“HPH Trust”) for the period ended 30 June 2020 in the SGXNET announcement. This presentation may contain forward-looking statements that involve risks and u
Slide 3: Table of Contents
Table of Contents 1 Key Highlights 2 Outlook and Prospects 3 Business Review for the Period Ended 30 June 2020 4 Key Financial Performance 2 HPH TRUST / RESULTS PRESENTATION 27 July, 2020
Slide 4: Key Highlights
1 Key Highlights 3 HPH TRUST / RESULTS PRESENTATION 27 July, 2020
Slide 5: Key Highlights
Key Highlights • YTD June 2020 throughput of HPH Trust’s ports was 8% below last year. YICT’s throughput was 12% below last year. Combined throughput(N1) of HIT, COSCO-HIT and ACT (collectively “HPHT Kwai Tsing”) was 3% below last year • The global trade was negatively impacted by the COVID-19. Outb
Slide 6: Outlook and Prospects
2 Outlook and Prospects 5 HPH TRUST / RESULTS PRESENTATION 27 July, 2020
Slide 7: Outlook and Prospects Overview
Outlook and Prospects Overview • The COVID-19 outbreak early this year has spread rapidly worldwide. Precautionary and control measures such as border control, city and regional lockdowns and closure of businesses in many countries including the US and Europe have led to a sharp deceleration of econ
Slide 8: Outlook and Prospects Overview
Outlook and Prospects Overview • To mitigate the sharp downturn in demand caused by COVID-19, shipping lines cut their capacity to maintain rates through an increase in blank sailings and service suspensions. Meanwhile, coordination among alliance members to optimise fleet and capacity continues – H
Slide 9: Business Review for the Period Ended 30 June 2020
3 Business Review for the Period Ended 30 June 2020 8 HPH TRUST / RESULTS PRESENTATION 27 July, 2020
Slide 10: Key Business Update: Throughput Volume
Key Business Update Throughput Volume (TEU in thousand) 30,000 YICT and HICT (N3) HIT, COSCO-HIT and ACT 25,000 +6% yoy -1% yoy +8% yoy -1% yoy -3% yoy -1% yoy -6% yoy 20,000 11,673 12,166 10,796 12,916 13,413 11,698 13,309 15,000 -8% yoy 10,000 5,461 12,003 12,565 11,761 10,810 11,365 5,000 10,616
Slide 11: Key Financial Performance
4 Key Financial Performance 10 HPH TRUST / RESULTS PRESENTATION 27 July, 2020
Slide 12: Key Financial Performance: Revenue and Other Income
Key Financial Performance Revenue and other income For the period ended 30 June 2020 (HK$’Million) Segment Information -12% yoy 6,000 5,424 2020 2019 5,000 4,777 34% 34% 4,000 66% 66% 3,000 2,000 1,000 0 Hong Kong Mainland China 2020 2019 11 HPH TRUST / RESULTS PRESENTATION 27 July, 2020
Slide 13: Key Financial Performance: Total Capex
Key Financial Performance Total Capex For the period ended 30 June 2020 (HK$’Million) 400 +0% yoy 300 200 288 288 100 0 2020 2019 12 HPH TRUST / RESULTS PRESENTATION 27 July, 2020
Slide 14: Key Financial Performance: Financial Position
Key Financial Performance Financial Position At 30 June 2020 At 31 December 2019 HK$'Million HK$'Million Short Term Debt $4,004.1 $4,102.5 Long Term Debt $25,512.5 $26,576.4 Total Consolidated Debt $29,516.6 $30,678.9 Total Consolidated Cash $6,875.7 $7,040.2 13 HPH TRUST / RESULTS PRESENTATION 27 J
Slide 15: Key Financial Performance: Distribution
Key Financial Performance Distribution For the period from 1 January 2020 to 30 June 2020 Distribution Amount HK$374.6 million Distribution Per Unit 4.30 HK cents Ex-distribution date 4 August 2020 Record date 5:00p.m. 5 August 2020 Payment of distribution 25 September 2020 14 HPH TRUST / RESULTS PR
Slide 16: HPH Trust's Unaudited Results Half Year 2020 against Last Year
HPH Trust’s Unaudited Results Half Year 2020 against Last Year 1 January to 30 June 2020 2019 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 4,776.7 5,423.8 (12%) Cost of services rendered (1,567.4) (1,900.7) 18% Staff costs (128.3) (148.2) 13% Depreciation and amortisat
Slide 17: Statement of Financial Position as at 30 June 2020 and 31 December 2019
Statement of Financial Position as at 30 June 2020 and 31 December 2019 30 June 31 December (HK$'Million) 2020 2019 Unaudited Audited ASSETS Non-current assets Fixed assets 23,254.5 23,789.5 Projects under development 440.4 648.1 Leasehold land and land use rights 36,390.0 37,047.0 Railway usage rig
Slide 18: Statement of Financial Position (cont'd)
Statement of Financial Position as at 30 June 2020 and 31 December 2019 (cont’d) 30 June 31 December (HK$’Million) 2020 2019 Unaudited Audited Current liabilities Trade and other payables 6,156.8 5,783.1 Bank and other debts 3,999.6 4,097.3 Current tax liabilities 472.3 473.9 Total current liabiliti
Slide 19: Statement of Cash Flows Half Year 2020 and 2019
Statement of Cash Flows Half Year 2020 and 2019 1 January to 1 January to (HK$’Million) 30 June 2020 30 June 2019 Operating activities Cash generated from operations 2,588.3 3,476.3 Interest and other finance costs paid (417.8) (557.8) Tax paid (468.2) (355.9) Net cash from operating activities 1,70
Slide 20: The World's Leading Port Network
THE WORLD’S LEADING PORT NETWORK
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