Zim Integrated Shipping Services Ltd. · NYSE:ZIM
Zim Integrated Shipping Services — Q4 2024 Earnings Presentation
22 slides from Zim Integrated Shipping Services's earnings presentation, Mar 12, 2025
Slide 1: Investor Presentation Q4 & FY 2024 Financial Results
Investor Presentation Q4 & FY 2024 FINANCIAL RESULTS March 12, 2025
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements The following information contains, or may be deemed to contain, forward-looking statements (as defined in formation of new alliances among global carriers, changes in and disintegration of existing alliances and the U.S. Private Securities Litigation Reform Act
Slide 3: 2024 Highlights: Exceptional Financial & Operational Year
2024 Highlights: Exceptional Financial & Operational Year Strong financial Record carried Significant return Solid balance performance volume of capital to sheet & strong shareholders liquidity 3 Investor Presentation Q4 & FY 2024 highlights Financial highlights 2025 guidance Market update Summary
Slide 4: Q4 & FY 2024 Financial Highlights
Q4 & FY 2024 Financial Highlights Q4.24 FY.2024 Q4.24 FY.2024 Revenue $2.17 Bn $8.43 Bn Cash Flow $1.15 Bn $3.75 Bn (+80%) (+63%) from Operations (+611%) (+268%) $967 Mn $3.69 Bn Adj EBITDA Total Liquidity $3.14 Bn (+409%) (+252%) (31.12.2024) Margin 45% Margin 44% Adj EBIT* $658 Mn $2.55 Bn Total E
Slide 5: 2024 Dividends: Continued Commitment to Shareholder Returns
2024 Dividends: Continued Commitment to Shareholder Returns $0.23 $0.93 $3.65 $3.17 Q1 2024 /Share Q2 2024 /Share Q3 2024 /Share Q4 2024 /Share $28 Mn $112 Mn $439 Mn $382 Mn 2024 total dividend ~45% of 2024 net income $7.98/Share $961 Mn Note: Q3 2024 dividend includes the special dividend of $0.84
Slide 6: 2025 Guidance
2025 Guidance Adjusted EBITDA $1.6 Bn to $2.2 Bn Adjusted EBIT $350 Mn to $950 Mn 6 Investor Presentation Q4 & FY 2024 highlights Financial highlights 2025 guidance Market update Summary
Slide 7: Strategic Execution Yields Strong 2024 Results
Strategic Execution Yields Strong 2024 Results Fleet renewal Increased Spot exposure Operational program Focus on collaborations in LNG capacity growth markets place Record carried Improved cost volume structure 14% volume growth Strong profitability & margins 7 Investor Presentation Q4 & FY 2024 hi
Slide 8: 2025 Strategic Priorities – Further Build Business Resilience
2025 Strategic Priorities – Further Build Business Resilience 01 02 Continue to Strengthen advance fleet commercial competitiveness presence in growth markets 2025 03 04 Enhance digital Invest in tools to deliver growth engines best-in-class customer service Enhance ZIM’s position as an agile contai
Slide 9: Key Operational and Financial Indicators
Key Operational and Financial Indicators Operational Q4-24 FY-24 Cash Flow Q4-24 FY-24 Balance Sheet 31-12-2024 Carried volume 982 3,751 Free cash flow 1,087 3,557 Total debt 6,016 (K TEUs) (+25%) (+14%) ($ Mn) (+959) (+2,638) ($ Mn) (+1,018) Freight rate 1,886 1,888 Cash 112% 96% Cash, bank deposit
Slide 10: ZIM Operated Capacity: Transformed Fleet
ZIM Operated Capacity Transformed Fleet Cost Competitive, Better Suited for ~40% LNG- powered ~50% newbuild 143 Vessels * Commercial Strategy 784K TEU Optionality to Adjust Fleet Size 128 containerships 15 car carriers Re deliveries YTD 2025 4 chartered vessels 2025 26 additional vessels up for rene
Slide 11: Q4 and FY 2024 Financial Highlights
Q4 and FY 2024 Financial Highlights +63% XX% - margin 44% 44% +80% 45% 20% 16% Adjusted Revenue 1,205 2,168 5,162 8,427 EBITDA 190 967 1,049 3,692 ($Mn) ($Mn) Q4.23 Q4.24 FY.23 FY.24 Q4.23 Q4.24 FY.23 FY.24 30% 2,154 (147) 563 -4% 30% -8% (2,688) 2,549 Adjusted Net Income/ (49) 658 (422) EBIT ($Mn)
Slide 12: Volume Breakdown By Geographic Trade Zone (K TEU)
Volume Breakdown By Geographic Trade Zone (K TEU) +14% 3,751 +25% 3,281 514 290 982 746 142 786 917 Latin America 555 Intra-Asia 91 204 Atlantic 429 206 138 332 Cross-Suez 386 Pacific 86 116 54 1,604 412 1,259 319 Q4.2023 Q4.2024 FY.2023 FY.2024 12 Investor Presentation Q4 & FY 2024 highlights Finan
Slide 13: Q4 2024 Cash Flow Bridge ($Mn)
Q4 2024 Cash Flow Bridge ($Mn) 1,152 -65 1,087 -439 -615 -10 23 Cash Flow from CAPEX, net Free Cash Flow Dividend Debt Service* Others Net change in Operations Cash Position * Debt service includes $80 million reflecting downpayments for four LNG vessels received during the quarter 13 Investor Prese
Slide 14: FY 2024 Cash Flow Bridge ($Mn)
FY 2024 Cash Flow Bridge ($Mn) 3,753 -196 3,557 -579 -2,548 33 463 Cash Flow from CAPEX, net Free Cash Flow Dividend Debt Service* Others Net change in Operations Cash Position * Debt service includes $448 million reflecting downpayments for 17 LNG vessels received during the year and payment for fi
Slide 15: 2025 Guidance
2025 Guidance Adjusted EBITDA $1.6 Bn to $2.2 Bn Adjusted EBIT $350 Mn to $950 Mn Assumptions Freight rates: significantly lower Operated capacity: continue operating constant capacity Volume: single digit volume growth Bunker costs: similar to 2024 15 Investor Presentation Q4 & FY 2024 highlights F
Slide 16: Risk of Oversupply Remains; Capacity Management May Mitigate Imbalance
Risk of Oversupply Remains; Capacity Management May Mitigate Underlying Imbalance Supply/Demand Balance 30M Heightened - Tariffs, trade war 10.3% 10% Uncertainty - Geopolitics; Suez Canal reopening 20M 8.6% 7.6% 8.1% - USTR proposal 6.3% 7.2% 4.5% 5.8% 5.7% 1.8% 4.0% 3.8% 2.5% 4.7% 3.8% 2.9% 4.5% 4.
Slide 17: Q&A Session
Q&A Session 17 Investor Presentation Q4 & FY 2024 highlights Financial highlights 2025 guidance Market update Summary
Slide 18: 2025 and Beyond
2025 and Beyond Fleet renewal Proven program completed global-niche 50% newbuild; 40% LNG strategy Strong Improved cost Strong balance structure competitive sheet & liquidity position Leverage agility to navigate uncertainties 18 Investor Presentation Q3 2024 highlights Financial highlights 2025 gui
Slide 19: Appendix
Appendix 19 Investor Presentation
Slide 20: Use of Non-IFRS Financial Measures
USE of Non-IFRS Financial Measures The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute
Slide 21: Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBIT
Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBIT ($ in Mn) 2024 2023 2022 RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBIT* Net income (loss) 2,154 (2,688) 4,629 Financial expenses, net 322 305 109 Income taxes 51 (128) 1,398 Operating income (loss) (EBIT) 2,527 (2,511) 6,136 Ca
Slide 22: Thank you
Thank you
ZIM Integrated Shipping Services — Q4 2024 Earnings Presentation on 6ix