International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q1 2018 Earnings Presentation
18 slides from International Container Terminal Services's earnings presentation, May 9, 2018
Slide 1: Excellence Uncontained
EXCELLENCE UNCONTAINED
Slide 2: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 3: Volume
Volume Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers First Quarter (in TEU) 2,053,639 2,272,647 2,325,540 2% 11% 337,282 387,381 15% 17% 258,382 12% 772,761 696,850 30% 732,537 34% 36% 1Q 2018 vs 1Q 2017 consolidated volume up 2%; Organic volume g
Slide 4: Revenues
Revenues Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers First Quarter (in US$ ‘000) 266,469 297,205 325,380 9% 12% 68,978 51,569 21% 32,672 17% 12% 101,364 103,254 94,781 31% 35% 36% Yield:TEU 143 (in US$) 140 135 135 136 127 130 130 125 119 155,038
Slide 5: Consolidated P&L Highlights
Consolidated P&L Highlights Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers (In US$ ‘000, except Volume & EPS) 1Q 2017 1Q 2018 % Change Volume (In TEU) 2,272,647 2,325,540 2% Volume up 2% due to improving global trade particularly in the emerging ma
Slide 6: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Financial Liquidity and Capital Performance Resources Other Matters Questions and Answers 1Q 2017 1Q 2018 % Change (In US$ ‘000) Financing Charges & Other Expenses 26,214 31,073 19% Interest Expense on Loans/Bonds 26,737 26,468 -1% Capitalized Borrowing
Slide 7: Historical Volume, Revenue & EBITDA
Historical Volume, Revenue & EBITDA Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers 400 2,500 350 326 325 315 307 2,000 296 293 297 300 282 284 284 269 266 261 256 259 Revenue and EBITDA 249 250 240 (in USD millions) 1,500 (in TEU thousands) Volume 20
Slide 8: Proactive FX Risk Management
Proactive FX Risk Management Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers ICTSI’s revenue and cash expenses are favorably matched, which provides a natural currency hedge that mitigates against volatility attributable to FX movements. Revenue Curre
Slide 9: Yield/TEU Comparison
Yield/TEU Comparison Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers FX Movement since January 2015 and bottom line effect on ICTSI’s margins. 90 1Q 1Q % 2017 2018 change 100 Volume (TEU ‘000) 2,273 2,326 2% 110 Revenues (US$ million) 297 325 9% Yield
Slide 10: Yield/TEU and EBITDA Evolution
Yield/TEU and EBITDA Evolution Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers Yield/TEU Evolution 145 140 0.92 1.30 1.75 135 130 139.92 135.95 125 120 Yield/TEU Dec 2017 Organic Forex New Terminals Yield/TEU Mar 2018 Evolution of EBITDA Margin 48% 0.
Slide 11: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 12: Balance Sheet Summary
Balance Sheet Summary Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers (In US$ Million) 2016 2017 1Q 2018 Intangible and Property and Equipment 3,102 3,203 3,222 Cash and Cash Equivalents 325 279 649 Other Current and Non-current Assets 756 888 905 Tot
Slide 13: Principal Redemption Profile
Principal Redemption Profile Company Recent Financial Other Appendices Overview Performance Matters Principal Redemption Profile as of March 31, 2018 (US$m) 1,000 800 Perp NC22 (4) 600 Perp NC24 (3) Perp NC21 (2) 400 Perp NC19 (1) 200 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 ST LT / Bonds Perp
Slide 14: Capital Expenditures
Capital Expenditures Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers 2017B 2017A 2018B US$8M 2% US$40M US$45M 10% 12% US$30M 13% US$12M 7% US$135M US$36M US$240M 56% 21% US$175M US$380M US$75M US$127M 72% 31% US$287M 76% US$25M US$25M US$3M Greenfield
Slide 15: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 16: Recent Events
Recent Events Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers Feb South Pacific International Container Terminal Limited (“SPICTL”) commenced commercial operations 2018 Jan Issued US$400M Senior Fixed-for-Life Perpetual Securities PT ICTSI Jasa Prima
Slide 17: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 18: International Container Terminal Services, Inc.
International Container Terminal Services, Inc. i+
International Container Terminal Services — Q1 2018 Earnings Presentation on 6ix