Wallenius Wilhelmsen Asa · OSL:WAWI
Wallenius Wilhelmsen Asa — Investor Presentation (April 2020)
11 slides from Wallenius Wilhelmsen Asa's investor presentation, April 2020
Slide 1: Investor presentation April 2020
April 2020 Investor presentation
Slide 2: Global LV sales expected to drop 12%, downgrades across all major markets
Global LV sales expected to drop 12%, downgrades across all major markets COVID-19 status update Auto IHS Markit Sales and Deepsea estimates 2020-2027 LV Sales +3.6% -4.2% LV Sales, million units IHS Markit assume 2020 global LV sales set at -12.2% +6.3% +5.4% 98.6 100.6 78.8m for 2020, down 12% wit
Slide 3: Global H&H sales are expected to slow down amid the Covid-19 outbreak
Global H&H sales are expected to slow down amid the Covid-19 outbreak COVID-19 status update H&H Retail sales 1,2 OEM sales estimates 3 Sa l es (YoY) Government policies Sa l es (YoY) 10% +17% Construction Mixed government responses, but H&H deemed 5% «essential» in several key markets and exempt 0%
Slide 4: Operations in Covid-19 epicentres are partially disrupted
Operations in Covid-19 epicentres are partially disrupted Operational impact Overview of WalWil locations and status as of March 31 st ▪ Adjusting trading patterns and schedules in response to fluctuation in demand in the ocean business ▪ Terminals, though in many places congested, at this time rema
Slide 5: Ocean segment drivers and preventive measures
Ocean segment drivers and preventive measures Item Key characteristics Measures to adjust costs ▪ Auto contract duration typically 1-3 years, and 3-5 years for H&H Revenue ▪ Rates are fixed for the contract period, but no volume minimum ▪ Contracts representing 20% of revenue up for renewal in 2020
Slide 6: Landbased and group drivers and preventive measures
Landbased and group drivers and preventive measures Item Key characteristics Measures to adjust costs ▪ Inland distribution and technical services typically depend on factory throughput, and terminals on ocean volumes Revenue ▪ The anti-cyclical storage business may experience higher volumes Variabl
Slide 7: Limited capital expenditures going forward
Limited capital expenditures going forward Comments Overview of main capital expenditures 2020 (USDm) ▪ CAPEX reduced to a minimum, prioritizing safety 160 170 and maintenance critical expenditures C 15 A▪ Landbased CAPEX estimated at ~USD 10m for rest B 40 of year mainly related to required mainten
Slide 8: Very little refinancing requirements near-term and a solid liquidity position
Very little refinancing requirements near-term and a solid liquidity position Debt maturity profile (USDm) Liquidity position EoY 2019 (USDm) Installments (bank loans and leases) 2 397 4 043 775 Balloons (bank loans and leases) 70 Bonds 1 190 Credit facilities (drawn) 377 Total 1 137 398 657 218 90
Slide 9: Covenants are measured on business unit level rather than group level
Covenants are measured on business unit level rather than group level Unit / segment Wallenius Wilhelmsen Typical covenants within the segment Limitation on ability to pledge assets Ocean Landbased Minimum liquidity Minimum liquidity Current assets / current liabilities Net debt / EBITDA Loan to val
Slide 10: Preparing for post Covid-19 rebound
Preparing for post Covid-19 rebound Auto shipments in WW Ocean1 H&H shipments in WW Ocean2 Shipments Shipments (1000 units) Growth y/y (1000 units) +3.1% Growth y/y 2,000 50% 1,800 40% -38% +0.4% 40% 1,600 -41% 30% 30% 1,400 20% 1,500 20% 1,200 10% 10% 1,000 0% 1,000 0% 800 -10% -10% 600 -20% 500 -2
Slide 11: Q&A
Q&A
Wallenius Wilhelmsen — Investor Presentation (April 2020) on 6ix