Orient Overseas (International) Limited · HKEX:316
Orient Overseas (International) — FY2004 Earnings Presentation
16 slides from Orient Overseas (International)'s earnings presentation, May 12, 2005
Slide 1: Orient Overseas (International) Ltd 2004 Annual Results
Orient Overseas (International) Ltd 2004 Annual Results
Slide 2: Orient Overseas (International) Ltd 2004 Annual Results
Orient Overseas (International) Ltd 2004 Annual Results
Slide 3: 2004 Annual Results Highlights
Orient Overseas (International) Ltd 2004 Annual Results • Group turnover increased by 27.7% to US$ 4.14 billion • OOCL total lifting grew by 21.6% • Profit before tax of US $700.70 million, up 98% • Group net profit increased by 104%, or US$341.4 million, to US$670.4 million • OOIL earnings per shar
Slide 4: Result Highlight
Orient Overseas (International) Ltd 2004 Annual Result Highlight US$'000 2004 2003 Variance Volume (TEU) 3,267,235 2,687,545 + 21.6% Turnover 4,140,328 3,241,113 + 27.7% E.B.I.T.D.A. 868,675 498,538 + 74.2% Depreciation/Amortization 154,294 126,492 + 22.0% E.B.I.T. 714,381 372,046 + 92.0% Net financ
Slide 5: Result Highlight
Orient Overseas (International) Ltd 2004 Annual Result Highlight US$’000 2004 2003 Variance Earning per share (US Cents) 119.3 59.3 60.0 Shareholders’ Funds 1,809,409 1,110,754 698,655 Net asset value per share (US$) 3.18 2.15 1.03 Group debt 1,404,964 1,098,162 306,802 Cash and portfolio investment
Slide 6: Orient Overseas (International) Ltd 2004 Annual Results
Orient Overseas (International) Ltd 2004 Annual Results
Slide 7: Container Transport & Logistics - Summary of Operating Results
Container Transport & Logistics - Summary of Operating Results US$'000 2004 2003 Variance Liftings (TEUs) 3,267,235 2,687,545 579,690 Revenue per TEU (US$) 1,100 1,025 75 Turnover Asia 2,709,681 2,042,717 666,964 North America 573,879 481,285 92,594 Europe 480,450 399,068 81,382 Australia 63,883 46,
Slide 8: OOCL Performance by Trade 2004 vs. 2003
OOCL Performance by Trade 2004 vs. 2003 Lifting Revenue Capacity Trade 2004 2003 Diff 2004 2003 Diff Change (TEU) (TEU) % US$000 US$000 % (TEU) % Transpacific Trade 1,016,635 865,098 +18% 1,591,175 1,281,239 +24% Transatlantic Trade 312,769 278,200 +12% 410,995 343,518 +20% Asia Europe+ Intra Europe
Slide 9: Container Transport Developments: Vessels, Land and Terminals
Orient Overseas (International) Ltd 2004 Annual Results • Took delivery of four 8,063 TEU “SX” class vessels • Ordered six new “S” class vessels with capacity of approximately 4,500 TEU for delivery in 2006 to 2008 • Acquired new land in Kunshan, Jiangsu and Huangpu district of Shanghai, making a la
Slide 10: North America Terminals Profitability
Orient Overseas (International) Ltd 2004 Annual Results • Profitability of North America terminals further improved
Slide 11: Container Terminals - Summary of Operating Results
Container Terminals - Summary of Operating Results US$'000 2004 2003 Variance Throughput (units) 1,242,997 1,126,206 116,791 Turnover 289,185 251,025 38,160 Terminal operating costs (206,298) (180,727) (25,571) Gross profit 82,887 70,298 12,589 Business and administrative expenses (34,870) (35,264)
Slide 12: Shanghai Property Development Projects
Orient Overseas (International) Ltd 2004 Annual Results • Shanghai property development projects continue to produce profits
Slide 13: Property Investment & Development Summary of Operating Results
Property Investment & Development Summary of Operating Results US$'000 2004 2003 Variance Rental income 22,262 20,046 2,216 Property management costs (9,073) (8,924) (149) Gross profit 13,189 11,122 2,067 Business and administrative expenses (4,024) (3,936) (88) Profit from property investment 9,165
Slide 14: Outlook for 2005
Orient Overseas (International) Limited Outlook for 2005 Outlook for core Container Transport and Logistics businesses remains positive: • No sign of softening freight rates • Supply / demand balance remains favourable • Rising costs are a concern Improved performance by Terminals businesses to be m
Slide 15: Disclaimer
Disclaimer • The information provided is for reference only and is subject to change without notice. Orient Overseas (International) Limited (“OOIL”)and its affiliates make no representation and accept no responsibility as to its accuracy, completeness, timeliness and fitness for a particular purpos
Slide 16: END
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Orient Overseas (International) — FY2004 Earnings Presentation on 6ix