International Container Terminal Services, Inc. · PSE:ICT

International Container Terminal Services — Q1 2015 Earnings Presentation

20 slides from International Container Terminal Services's earnings presentation, May 11, 2015

  1. Slide 1: 1Q 2015 Investor Briefing Presentation

    International _ | Container Terminal Services, Inc. | 1Q 2015 Investor Briefing Presentation May 11.2015

  2. Slide 2: Agenda

    AGENDA 1 Recent Financial Performance 2 Liquidity and Capital Resources 3 Other Matters 4 Questions and Answers 5 Appendices

  3. Slide 3: Recent Financial Performance

    1 Recent Financial Performance

  4. Slide 4: 1Q 2015 Volume Up 13%

    1Q 2015 Volume Up 13% Volume by segment (in TEU) Volume by segment (in %) 12% 1,496,462 1,757,095 1,982,773 37% 51% 1Q 2015 12% +13% 51% 37% 1Q 2014 +17% 245,887 211,859 184,600 12% 731,971 27% 60% 645,364 1Q 2013 409,569 ASIA AMERICAS EMEA 1,004,915  1Q 2015 vs 1Q 2014 consolidated volume up 13%;

  5. Slide 5: 1Q 2015 Revenues 19% Higher

    1Q 2015 Revenues 19% Higher Revenue by segment (in US$ ‘000 ) Yield : TEU (in US$) 209,316 248,864 296,062 149 143 135 130 +19% 125 127 121 119 26,918 +19% 26,146 102 107,686 22,604 2007 2008 2009 2010 2011 2012 2013 2014 1Q 2015 100,475 76,662  Consolidated revenues 19% higher in 1Q 2015 vs 1Q 201

  6. Slide 6: Consolidated P&L Highlights

    Consolidated P&L Highlights (in US$’000, except Volume & EPS) 1Q 2014 1Q 2015 % change Volume up 13% due to new shipping lines & services, continuous growth at Volume (in TEU) 1,757,095 1,982,773 13% CMSA and OPC, Yantai port consolidation, and contribution of new terminal in Iraq; Organic volume up

  7. Slide 7: Recurring Net Income

    Recurring Net Income (in US$’000) 1Q 2014 1Q 2015 Net Income Attributable to Equity Holders 52,352 54,001 % change 3% Gain on sale of non-core asset Less: Non-recurring income 13,150 - Cebu International Container Terminal Inc. (CICTI) Net Income Attributable to Equity Holders 39,202 54,001 (Recurri

  8. Slide 8: Financing Charges & Other Expenses

    Financing Charges & Other Expenses (in US$’000) 1Q 2014 1Q 2015 % change Financing charges & other expenses 14,196 16,634 17% Interest Expense on Loans/Bonds 18,338 20,646 13% Interest expense higher due to higher debt level Capitalized borrowing cost (5,582) (7,288) 31% Capitalized borrowing cost i

  9. Slide 9: Liquidity and Capital Resources

    2 Liquidity and Capital Resources

  10. Slide 10: Balance Sheet Summary

    Balance Sheet Summary (in US$ million) 2012 2013 2014 1Q 2015 Intangible and Property and equipment - net 1,815.4 2,410.3 2,705.0 2,710.0 Cash and cash equivalents 186.8 242.2 194.3 249.2 Other current and noncurrent assets 330.8 435.2 501.5 509.3 Total Assets 2,333.0 3,087.6 3,400.8 3,468.8 Total S

  11. Slide 11: Principal Redemption Profile

    Principal Redemption Profile as of December 31, 2013 as of September 30, 2014 as of March 31, 2015 LME 3 LME 1 550 550 550 500 500 500 450 450 450 400 LME 2 400 400 350 350 350 300 300 300 250 250 250 200 200 200 150 150 150 100 100 100 50 50 50 0 0 0 Cash level ST Loans LT Loans Cash level ST Loans

  12. Slide 12: Other Matters

    3 Other Matters

  13. Slide 13: Recent Developments

    Recent Developments  Sold its 60% share in Naha International Container Terminal (NICTI) in Naha, Japan to NICTI as treasury shares in April 2015  Forged a joint venture with Nippon Container Terminals Co. Ltd., Transnational Diversified Corporation and NYK- Fil-Japan Shipping Corp. for the establ

  14. Slide 14: Questions & Answers

    4 Questions & Answers

  15. Slide 15: Appendices

    5 Appendices

  16. Slide 16: VICT – Melbourne, Australia

    VICT – Melbourne, Australia  On May 2, 2014, ICTSI’s subsidiary, Victoria International Container Terminal Limited (“VICT”), signed a contract in Melbourne with Port of Melbourne Corporation (“POMC”) for the design, construction, commissioning, operation, maintaining and financing of the Terminal a

  17. Slide 17: ICTSI (ME) JLT – Umm Qasr, Iraq

    ICTSI (ME) JLT – Umm Qasr, Iraq  On April 8, 2014, ICTSI’s wholly-owned subsidiary, ICTSI (M.E.) JLT, signed contract with General Company for Ports of Iraq (“GCPI”) to operate, develop and expand container facilities at the Port of Umm Qasr in Iraq, which is the largest port in Iraq and the main g

  18. Slide 18: CMSA – Manzanillo, Mexico

    CMSA – Manzanillo, Mexico  Contecon Manzanillo, S.A. (CMSA) is located in the Port of Manzanillo, on the Pacific coast of Mexico  CMSA’s 34-year concession granted by the Administracion Portuaria Integral de Manzanillo, S.A., de C.V. (API) for the development & operation of the second Specialized

  19. Slide 19: OPCSA – Puertos Cortes, Honduras

    OPCSA – Puertos Cortes, Honduras  ICTSI’s subsidiary, Operadora Portuaria Centroamericana, S.A. de C.V. (“OPCSA”) signed Concession Contract for the Design, Financing, Construction, Maintenance, Operation and Exploitation of the Specialized Container and General Cargo Terminal of Puerto Cortes, Hon

  20. Slide 20: International Container Terminal Services, Inc.

    International ; Container Terminal Services, Inc. EXCELLENCE UNCONTAINED

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