Hutchison Port Holdings Trust · SGX:NS8U
Hutchison Port Holdings Trust — Q2 2018 Earnings Presentation
22 slides from Hutchison Port Holdings Trust's earnings presentation, Jul 23, 2018
Slide 1: Hutchison Port Holdings Trust 2018 Financial Results Presentation
Hutchison Port Holdings Trust Your Preferred Port-of-Call 2018 Financial Results Presentation for the Period Ended 30 June 2018
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 2018 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 2018 4 Key Financial Performance 2 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 4: Key Highlights
1 Key Highlights 3 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 5: Key Highlights
Key Highlights • YTD June 2018 throughput of HPH Trust’s ports was 1% below last year. YICT’s throughput was 2% above last year. Combined throughput of HIT, COSCO-HIT and ACT (collectively “HPHT Kwai Tsing”) was 3% below last year • Although outbound cargoes to the US continued to grow in the second
Slide 6: Outlook and Prospects
2 Outlook and Prospects 5 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 7: Outlook and Prospects Overview
Outlook and Prospects Overview • The prospects for global trade for 2018 face an almost unprecedented level of uncertainty, particularly in consequence of increasing trade tensions and disputes between the United States and both China and the European Union. • The level of uncertainty in political a
Slide 8: Outlook and Prospects Overview
Outlook and Prospects Overview • That said, HPH Trust has continued to position its business to support and complement the changing structural requirements of the container shipping industry through its exemplary mega vessel handling capabilities at YICT, its ongoing investment in state-of- the-art
Slide 9: Business Review for the Period Ended 30 June 2018
3 Business Review for the Period Ended 30 June 2018 8 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 10: Key Business Update: Throughput Volume
Key Business Update Throughput Volume (TEU in thousand) 30,000 YICT and HICT HIT, COSCO-HIT and ACT +6% yoy -1% yoy +8% yoy 25,000 +5% yoy -1% yoy +4% yoy -6% yoy 20,000 11,673 10,667 10,796 12,166 12,916 10,264 11,698 15,000 -1% yoy 10,000 5,931 11,657 12,282 12,003 12,565 11,761 10,810 11,365 5,00
Slide 11: Key Financial Performance
4 Key Financial Performance 10 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 12: Key Financial Performance: Revenue and Segment Information
Key Financial Performance Revenue and other income For the period ended 30 June 2018 (HK$’Million) Segment Information 0% yoy 7,000 2018 2017 6,000 5,457 5,472 5,000 36% 38% 4,000 62% 64% 3,000 2,000 1,000 0 Hong Kong Mainland China 2018 2017 11 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 13: Key Financial Performance: Total Capex
Key Financial Performance Total Capex For the period ended 30 June 2018 (HK$’Million) 500 -14% yoy 400 300 462 200 398 100 0 2018 2017 12 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 14: Key Financial Performance: Financial Position
Key Financial Performance Financial Position At 30 June 2018 HK$'Million Short Term Debt $3,809.7 Long Term Debt $28,058.7 Total Consolidated Debt $31,868.4 Total Consolidated Cash $6,532.8 13 HPH TRUST / RESULTS PRESENTATION 23 July, 2018
Slide 15: Key Financial Performance: Distribution
Key Financial Performance Distribution For the period from 1 January 2018 to 30 June 2018 Distribution Amount HK$742.2 million Distribution Per Unit 8.52 HK cents Ex-distribution date 27 July 2018 Books closure date 5:00p.m. 31 July 2018 Payment of distribution 20 September 2018 14 HPH TRUST / RESUL
Slide 16: Unaudited Results Half Year 2018 against Last Year
HPH Trust’s Unaudited Results Half Year 2018 against Last Year 1 January to 30 June 2018 2017 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 5,456.6 5,472.3 - Cost of services rendered (1,998.6) (1,918.7) (4%) Staff costs (150.0) (147.3) (2%) Depreciation and amortisatio
Slide 17: Unaudited Results 2nd Quarter 2018 against Last Year
HPH Trust’s Unaudited Results 2nd Quarter 2018 against Last Year 1 April to 30 June 2018 2017 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 2,789.3 2,894.3 (4%) Cost of services rendered (1,006.4) (1,000.2) (1%) Staff costs (72.9) (72.3) (1%) Depreciation and amortisati
Slide 18: Statements of Financial Position as at 30 June 2018
Statements of Financial Position as at 30 June 2018 and 31 December 2017 30 June 31 December (HK$'Million) 2018 2017 Unaudited Audited ASSETS Non-current assets Fixed assets 24,932.2 24,626.4 Projects under development 1,096.1 1,970.2 Leasehold land and land use rights 39,102.2 39,724.2 Railway usag
Slide 19: Statements of Financial Position (cont'd)
Statements of Financial Position as at 30 June 2018 and 31 December 2017 (cont’d) 30 June 31 December (HK$’Million) 2018 2017 Unaudited Audited Current liabilities Trade and other payables 7,466.9 6,741.6 Bank and other debts 3,805.1 4,241.2 Current tax liabilities 229.4 409.6 Total current liabilit
Slide 20: Statements of Cash Flows Half Year 2018 and 2017
Statements of Cash Flows Half Year 2018 and 2017 1 January to 1 January to (HK$’Million) 30 June 2018 30 June 2017 Operating activities Cash generated from operations 2,871.2 3,347.4 Interest and other finance costs paid (476.5) (378.7) Tax paid (590.9) (365.9) Net cash from operating activities 1,8
Slide 21: Statements of Cash Flows 2nd Quarter 2018 and 2017
Statements of Cash Flows 2nd Quarter 2018 and 2017 1 April to 1 April to (HK$’Million) 30 June 2018 30 June 2017 Operating activities Cash generated from operations 1,309.7 1,834.3 Interest and other finance costs paid (235.1) (200.3) Tax paid (140.1) (236.4) Net cash from operating activities 934.5
Slide 22: The World's Leading Port Network
THE WORLD’S LEADING PORT NETWORK
Hutchison Port Holdings Trust — Q2 2018 Earnings Presentation on 6ix