International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q2 2018 Earnings Presentation
21 slides from International Container Terminal Services's earnings presentation, Aug 7, 2018
Slide 1: Excellence Uncontained
EXCELLENCE UNCONTAINED
Slide 2: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 3: Volume
Volume Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers First Half Second Quarter (in TEU) (in TEU) 4,264,633 4,545,405 4,714,255 2,210,994 2,272,758 2,388,715 3% 5% 4% 384,809 274,026 357,643 16% 7% 12% 16% 772,190 750,122 694,925 16% 764,623 718,502
Slide 4: Revenues
Revenues Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers First Half Second Quarter (in US$ ‘000) (in US$ ‘000) 550,814 603,716 661,764 284,345 306,511 336,384 8% 10% 71,461 58,318 21% 36,505 19% 10% 13% 103,226 10% 96,700 102,947 31% 34% 34% 140,439 1
Slide 5: Consolidated P&L Highlights (1H)
Consolidated P&L Highlights Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers (In US$ ‘000, except Volume & EPS) 1H 2017 1H 2018 % Change Volume (In TEU) 4,545,405 4,714,255 4% Volume up 4% due to improving global trade particularly in the emerging ma
Slide 6: Consolidated P&L Highlights (2Q)
Consolidated P&L Highlights Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers (In US$ ‘000, except Volume & EPS) 2Q 2017 2Q 2018 % Change Volume (In TEU) 2,272,758 2,388,715 5% Volume up 5% due to improving global trade particularly in the emerging ma
Slide 7: Recurring Net Income
Recurring Net Income Recent Financial Liquidity and Capital Performance Resources Other Matters Questions and Answers 1H 2017 1H 2018 % Change 2Q 2017 2Q 2018 % Change Net Income Attributable 103,636 97,666 -6% 3% 51,896 53,597 to Equity Holders Non-recurring item: Gain on the termination of the LIC
Slide 8: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Financial Liquidity and Capital Performance Resources Other Matters Questions and Answers 1H 2017 1H 2018 % Change (In US$ ‘000) Financing Charges & Other Expenses 59,046 60,008 2% Interest Expense on Loans/Bonds 53,245 51,787 -3% Lower interest expense
Slide 9: Historical Volume, Revenue & EBITDA
Historical Volume, Revenue & EBITDA Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers 400 2,500 336 326 325 315 307 2,000 296 293 297 300 282 284 284 269 266 261 259 Revenue and EBITDA 256 249 (in USD millions) 240 (in TEU thousands) 1,500 Volume 200 14
Slide 10: Proactive FX Risk Management
Proactive FX Risk Management Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers ICTSI’s revenue and cash expenses are favorably matched, which provides a natural currency hedge that mitigates against volatility attributable to FX movements. Revenue Curre
Slide 11: FX Movement
FX Movement Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers FX Movement since January 2015 and bottom line effect on ICTSI’s margins. May-15 May-16 May-17 May-18 Mar-15 Mar-16 Mar-17 Mar-18 Dec-15 Dec-16 Dec-17 Nov-15 Nov-16 Nov-17 Sep-15 Sep-16 Sep-1
Slide 12: Yield/TEU Comparison
Yield/TEU Comparison Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers 2Q 2Q % 1H 1H % 2017 2018 change 2017 2018 change 2,273 2,389 5% Volume (TEU ‘000) 4,545 4,714 4% 307 336 10% Revenues (US$ million) 604 662 10% 135 141 4% Yield/TEU (US$) 133 140 6%
Slide 13: Yield/TEU and EBITDA Evolution
Yield/TEU and EBITDA Evolution Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers Yield/TEU Evolution 145 140 0.84 1.54 3.72 135 130 140.38 135.95 125 120 Yield/TEU Organic Forex New Terminals Yield/TEU Dec 2017 June 2018 Evolution of EBITDA Margin 48% 0
Slide 14: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 15: Balance Sheet Summary
Balance Sheet Summary Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers (In US$ Million) 2016 2017 1H 2018 Intangible and Property and Equipment 3,102 3,203 3,296 Cash and Cash Equivalents 325 279 402 Other Current and Non-current Assets 756 888 889 Tot
Slide 16: Principal Redemption Profile
Principal Redemption Profile Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers Principal Redemption Profile as of June 30, 2018 (US$m) 1,000 800 Perp NC22 (4) 600 Perp NC24 (3) Perp NC21 (2) 400 Perp NC19 (1) 200 0 2018 2019 2020 2021 2022 2023 2024 202
Slide 17: Capital Expenditures
Capital Expenditures Recent Financial Liquidity and Other Questions and Performance Capital Resources Matters Answers 2017B 2017A 2018B US$8M 2% US$40M US$45M 10% 12% US$30M 13% US$12M 7% US$135M US$36M US$240M 56% 21% US$175M US$380M US$75M US$127M 72% 31% US$287M 76% US$25M US$25M US$3M Greenfield
Slide 18: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 19: Recent Events
Recent Events Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers ICTSI declared Preferred Bidder to operate, manage and develop the South Port Container Terminal (“SPCT”) July at the port of Port Sudan, Republic of the Sudan South Pacific International C
Slide 20: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters 4 Questions and Answers
Slide 21: International Container Terminal Services, Inc.
International Container Terminal Services, Inc. i+
International Container Terminal Services — Q2 2018 Earnings Presentation on 6ix