International Container Terminal Services, Inc. · PSE:ICT

International Container Terminal Services — 2Q 2014 Earnings Presentation

24 slides from International Container Terminal Services's earnings presentation, Aug 7, 2014

  1. Slide 1: Investor Briefing 2Q 2014 Results

    Investor Briefing 2Q 2014 Results August 7, 2014

  2. Slide 2: Agenda

    AGENDA 1 Recent Financial Performance 2 Liquidity and Capital Resources 3 Other Matters 4 Questions and Answers 5 Appendices

  3. Slide 3: Recent Financial Performance

    1 Recent Financial Performance

  4. Slide 4: 1H 2014 Volume Up 18%

    1H 2014 Volume Up 18% Volume by segment (in TEU) Volume by segment (in %) 2,697,735 3,027,005 3,566,023 12% 50% 38% 1H 2014 +18% 13% 26% 61% 1H 2013 436,954 +12% 392,615 15% 409,040 1,337,557 55% 30% 799,821 1H 2012 805,110 ASIA AMERICAS EMEA 1,834,569 1,791,512  1H 2014 vs 1H 2013 consolidated vol

  5. Slide 5: 2Q 2014 Volume Up 18%

    2Q 2014 Volume Up 18% Volume by segment (in TEU) Volume by segment (in %) 1,359,419 1,530,543 1,808,928 12% 50% 2Q 2014 38% 14% 25% 61% +18% 2Q 2013 +13% 225,095 15% 208,015 56% 29% 206,364 692,193 2Q 2012 390,252 397,481 ASIA AMERICAS EMEA  2Q 2014 vs 2Q 2013 consolidated volume up 18%; 932,276 89

  6. Slide 6: 1H 2014 Revenues 23% Higher

    1H 2014 Revenues 23% Higher Revenue by segment (in US$ ‘000 ) Yield : TEU (in US$) 345,012 413,712 510,285 143 135 130 125 127 121 119 +23% 51,924 +20% 102 45,317 2007 2008 2009 2010 2011 2012 2013 1H 212,185 2014 43,510 145,651 142,350  Consolidated revenues 23% higher in 1H 2014 vs 1H 2013; Organ

  7. Slide 7: 2Q 2014 Revenues 28% Higher

    2Q 2014 Revenues 28% Higher Revenue by segment (in US$ ‘000 ) Major Terminals 171,168 204,396 261,422 Others 27% MICT (Manila) 34% +28% 25,778 PICT TSSA (Pakistan) CGSA +19% (Ecuador) YRDICTL (Brazil) 7% 14% (China) MICTSL BCT 9% 2% (Madagascar) (Poland) 22,713 4% 4% 111,710 21,983 68,988  Consolid

  8. Slide 8: Consolidated P&L Highlights (1H)

    Consolidated P&L Highlights (in US$’000, except Volume & EPS) 1H 2013 1H 2014 % change Volume up 18% due to the volume contribution from the new terminals, Volume (in TEU) 3,027,005 3,566,023 18% and improvement in trade at most of the company’s terminals; Organic volume up 1% Gross Revenues from Re

  9. Slide 9: Consolidated P&L Highlights (2Q)

    Consolidated P&L Highlights (in US$’000, except Volume & EPS) 2Q 2013 2Q 2014 % change Volume up 18% due to the volume contribution from the new terminals Volume (in TEU) 1,530,543 1,808,928 18% and improvement in trade at most of the company’s terminals; Organic volume up 1% Gross Revenues from Rev

  10. Slide 10: Financing Charges & Other Expenses

    Financing Charges & Other Expenses (in US$’000) 1H 2013 1H 2014 % change Financing charges and other expenses increased 19% due Financing charges & other expenses 24,835 29,568 19% to lower capitalized borrowing cost on qualifying assets as CMSA started commercial operations in Nov 2013 Interest Exp

  11. Slide 11: 1H 2014 Recurring Net Income

    1H 2014 Recurring Net Income (in US$’000) 1H 2013 1H 2014 Net Income Attributable to 82,901 101,686 Equity Holders % change 23% Less: Non-recurring income - (16,575) Gain on sale of CICTI (13,150) Gain on termination of management contract in ICTSI India ( 1,946) Gain on settlement of insurance clai

  12. Slide 12: 2Q 2014 Recurring Net Income

    2Q 2014 Recurring Net Income (in US$’000) 2Q 2013 2Q 2014 Net Income Attributable to 42,229 49,334 Equity Holders % change 17% Less: Non-recurring income - (3,425) Gain on termination of management contract in ICTSI India ( 1,946) Gain on settlement of insurance claims in CGSA ( 1,479) Net Income At

  13. Slide 13: Liquidity and Capital Resources

    2 Liquidity and Capital Resources

  14. Slide 14: Balance Sheet Summary

    Balance Sheet Summary (in US$ million) 2011 2012 2013 June 30, 2014 Intangible and Property and equipment - net 1,232.5 1,815.4 2,410.3 2,449.7 Cash and cash equivalents 457.6 186.8 242.2 237.5 Other current and noncurrent assets 254.7 330.8 435.2 537.5 Total Assets 1,944.7 2,333.0 3,087.6 3,224.7 T

  15. Slide 15: Principal Redemption Profile

    Principal Redemption Profile as of December 31, 2013 as of March 31, 2014 Pro-forma as of July 30, 2014 550 LME 550 550 500 500 500 450 450 450 400 400 400 350 350 350 300 300 300 250 250 250 200 200 200 150 150 150 100 100 100 50 50 50 0 0 0 Cash level ST Loans LT Loans Cash level ST Loans LT Loans

  16. Slide 16: Other Matters

    ©) Other Matters 255, Ass iding rom Cres to cres

  17. Slide 17: Recent Developments

    Recent Developments  Established a loan facility programme and launched a 5-year US$350 million revolving credit facility in July 2014  Signed a termination agreement with L&T cancelling ICTSI’s management and operation contract for the Kattupalli Container Terminal (KCT) in Tamil Nadu, India in J

  18. Slide 18: Questions and Answers

    4 Questions and Answers

  19. Slide 19: Appendices

    © Appendices “Wy Riding vraus from crest Ambo crest

  20. Slide 20: VICT - Melbourne, Australia

    VICT - Melbourne, Australia Victoria International Container Terminal Limited  On May 2, 2014, ICTSI’s subsidiary, Victoria International Container Terminal Limited (“VICTL”), signed a contract in Melbourne with Port of Melbourne Corporation (“POMC”) for the design, construction, commissioning, ope

  21. Slide 21: ICTSI ME JLT - Umm Qasr, Iraq

    ICTSI ME JLT - Umm Qasr, Iraq ICTSI (ME) JLT  On April 8, 2014, ICTSI’s wholly-owned subsidiary, ICTSI (M.E.) JLT, signed contract with General Company for Ports of Iraq (“GCPI”) to operate, develop and expand container facilities at the Port of Umm Qasr in Iraq, which is the largest port in Iraq a

  22. Slide 22: ICTSI DR CONGO - Matadi, Congo

    ICTSI DR CONGO - Matadi, Congo ICTSI DR Congo, S.A.  ICTSI through its subsidiary ICTSI Coöperatief U.A. forged a business partnership with La Societe De Gestion Immobiliere Lengo ("SIMOBILE") for the establishment and formation of a joint venture company, International Container Terminal Services

  23. Slide 23: OPCSA - Puerto Cortes, Honduras

    OPCSA - Puerto Cortes, Honduras Operadora Portuaria Centroamericana, SA de CV  ICTSI’s subsidiary, Operadora Portuaria Centroamericana, S.A. de C.V. (“OPCSA”) signed Concession Contract for the Design, Financing, Construction, Maintenance, Operation and Exploitation of the Specialized Container and

  24. Slide 24: International Container Terminal Services, Inc.

    International _ Container Terminal Services, Inc. EXCELLENCE UNCONTAINED

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