Compania Sud Americana De Vapores S.a. · BCS:VAPORES
Compania Sud Americana De Vapores — FY2016 Earnings Presentation
26 slides from Compania Sud Americana De Vapores's earnings presentation, Apr 3, 2017
Slide 1: Investor Presentation FY 2016 Results
Investor Presentation FY 2016 Results April 3, 2016
Slide 2: Agenda
Agenda 1. Highlights 2. Market Situation 3. 2016 Results 4. Balance Sheet & Cash Flows 5. Outlook
Slide 3: 1. Highlights
1. Highlights EICSAV
Slide 4: Highlights
Highlights FY 2016 Results The profit of US$ 32.4 M in Q4 2016 was mainly explained by the positive result of Hapag-Lloyd AG (“HLAG”) and the operational profit registered in the Other transport services segment, reporting a third consecutive quarter with a positive result. The FY 2016 loss of US$ 2
Slide 5: HLAG & UASC Business Combination Agreement
Highlights HLAG & UASC Business Combination Agreement Context Transaction Rationale 1. On July 18, 2016. HLAG and United Arab Shipping 4. This transaction would consolidate HLAG as the Company ("UASC"), which is a Persian Gulf based container fifth largest container shipping company in the shipping
Slide 6: 2. Market Situation
2. Market Situation EIICSAV
Slide 7: Market Evolution: adjusting supply
Market Evolution: adjusting supply Feb-17: 15,2% Source: Clarksons (February 2017), Drewry, MDS Transmodal (January / February 2017) Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 7
Slide 8: Market Evolution: demand growth
Market Evolution: demand growth Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 8
Slide 9: Market Evolution: freight rates slowly recovering, but volatile
Market Evolution: freight rates slowly recovering, but volatile SCFI vs Rotterdam Platts (March 2017) (1) (2) Margen SCFI - RTM Rotterdam Platts SCFI 1.800 Avg. Margin Avg. Margin Avg. Margin Avg. Margin Avg. Margin Avg. Margin Avg. Margin 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 536 2015
Slide 10: Market Evolution: consolidation trend
Market Evolution: consolidation trend Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 10
Slide 11: Market Evolution: performance evolution
Market Evolution: performance evolution Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 11
Slide 12: 3. 2016 Results
4. 2016 Results EICSAV
Slide 13: CSAV Results FY 2016
CSAV Results FY 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Q4 2015 2015 Var QoQ Var YoY M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$ Operating revenue 27.5 30.1 35.5 34.0 127.1 31.2 167.0 2.8 (39.9) Operating cost (33.3) (27.3) (29.8) (29.6) (120.0) (34.3) (164.2) 4.7 44.2 Gross margin (5.8)
Slide 14: Reporting Segments Results
Reporting Segments Results Container transport services Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Q4 2015 2015 Var QoQ Var YoY M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$ M US$ SG&A and others (0.8) (0.8) (1.1) (1.4) (4.1) (2.7) (4.2) 1.3 0.1 Other income - 12.6 (0.1) - 12.5 - 1.3 - 11.2 Operational
Slide 15: Hapag-Lloyd Results FY 2016: profit in Q4, loss for FY 2016; positive EBIT
Hapag-Lloyd Results FY 2016: profit in Q4, loss for FY 2016; positive EBIT. Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 15
Slide 16: Extracted from HLAG's Investor Presentation FY 2016
Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 16
Slide 17: Extracted from HLAG's Investor Presentation FY 2016
Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 17
Slide 18: Extracted from HLAG's Investor Presentation FY 2016
Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 18
Slide 19: Hapag-Lloyd Results FY 2016
Hapag-Lloyd Results FY 2016 For more details on HLAG´s results please visit IR Section of HLAG website – https://www.hapag-lloyd.com/en/ir.html Extracted from HLAG´s Investor Presentation FY 2016, available in https://www.hapag-lloyd.com/en/ir.html 19
Slide 20: 4. Balance Sheet & Cash Flows
4. Balance Sheet & Cash Flows EICSAV
Slide 21: Balance Sheet Position
Balance Sheet Position (Figures in USD million) December December Assets Var 2016 2015 Cash & cash equivalents 54.6 52.4 2.2 Accounts receivables 20.9 18.4 2.5 Inventories 4.3 2.2 2.1 Other current assets 4.4 7.2 (2.8) Total current assets 84.2 80.2 4.0 Equity accounted investees 1,771.7 1,792.5 (20
Slide 22: Cash Position
Cash Position (Figures in USD million) 15,2 (16,6) Non recurring (11,0) outflows (provisions) 3,7 (5,6) Operation related outflows 52,4 - 6,8 Adj. EBITDA(*) 54,6 +1,2 WkC & others 31.12.15 Operational Cash Flow Operational Investing cash Flow Financing Cash Flow 31.12.16 31.12.16 31.12.15 Investing
Slide 23: 5. Outlook
5. Outlook EICSAV
Slide 24: Hapag-Lloyd Outlook
Hapag-Lloyd Outlook: Key benchmark figures for the 2017 outlook Global economic growth (IMF) + 3.4% Increase in global trade (IMF) + 3.8% Increase in global container transport volume (IHS) + 3.7% Transport volume, Hapag-Lloyd Group Increasing moderately Average bunker consumption price, Hapag-Lloyd
Slide 25: Other Transport Services Outlook
Other Transport Services Outlook: Car Carrier business: • Demand • Retail light vehicle sales in CSAV’s local markets have shown signs of recovery • High and heavy vehicle sales (trucks, buses and others) start to show a positive trend after 2 years In 2016, thanks to a strong commercial and operati
Slide 26: Disclaimer
Disclaimer This presentation provides general information about Compañía Sud Americana de Vapores S.A. (“CSAV”). It consists of summary information and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representations or warranties, express or
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