International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q3 2018 Earnings Presentation
21 slides from International Container Terminal Services's earnings presentation, Nov 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 Nine months Third Quarter (in TEU) (in TEU) 6,435,192 6,836,611 7,152,392 2,170,559 2,291,207 2,438,136 6% 6% 5% 387,716 6% 290,595 380,771 16% 13% 17% 1,159,906 1,075,696 16% 713,784 823,003 750,
Slide 4: Revenues
Revenues Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers Nine months Third Quarter (in US$ ‘000) (in US$ ‘000) 835,026 918,269 1,005,723 284,212 314,553 343,959 11% 9% 74,309 68,961 22% 42,780 10% 15% 22% 10% 95,164 96,476 98,148 28% 34% 31% 214,748 2
Slide 5: Consolidated P&L Highlights (9M)
Consolidated P&L Highlights Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers (In US$ ‘000, except Volume & EPS) 9M 2017 9M 2018 % Change Volume (In TEU) Volume up 5% due to improving global trade particularly in the emerging 6,836,611 7,152,392 5% ma
Slide 6: Consolidated P&L Highlights (3Q)
Consolidated P&L Highlights Recent Financial Liquidity and Capital Other Questions and Performance Resources Matters Answers (In US$ ‘000, except Volume & EPS) 3Q 2017 3Q 2018 % Change Volume (In TEU) Volume up 6% due to improving global trade particularly in the emerging 2,291,207 2,438,136 6% ma
Slide 7: Recurring Net Income
Recurring Net Income Recent Financial Liquidity and Capital Performance Resources Other Matters Questions and Answers 9M 2017 9M 2018 % Change Net Income Attributable 149,316 153,287 3% to Equity Holders Non-recurring item: Gain on the termination of the LICTSLE (7,500) - sub-concession agreement MT
Slide 8: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Financial Liquidity and Capital Performance Resources Other Matters Questions and Answers 9M 2017 9M 2018 % Change (In US$ ‘000) Financing Charges & Other Expenses 86,912 89,166 3% Interest Expense on Loans/Bonds 77,971 77,015 -1% 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 2,500 344 336 326 325 315 307 2,000 296 293 297 300 282 284 284 269 266 Volume (in TEU thousands) 261 256 259 249 240 1,500 (in USD millions) 200 163 147 148 152 1
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 9M 9M % change 2017 2018 Volume (TEU ‘000) 6,837 7,152 5% Revenues (US$ million) 918 1,006 10% Yield/TEU (US$) 134 141 5% EBITDA (US$ millions) 435 462 6% EBITDA Margin 47% 46% FX :
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 1.88 1.94 4.60 135 130 140.61 135.95 125 120 Yield/TEU Organic Forex New Terminals Yield/TEU Dec 2017 Sept 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 9M 2018 Intangible and Property and Equipment 3,102 3,203 3,307 Cash and Cash Equivalents 325 279 412 Other Current and Non-current Assets 756 888 925 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 September 30, 2018 (US$m) 600 Perp NC22 (4) Perp NC24 (3) 400 Perp NC21 (2) Perp NC19 (1) 200 0 2018 2019 2020 2021 2022 2023 2024 2025 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 acquired additional 15.17% of Manila North Harbour Port, Inc (“MNHPI”) from Harbour Centre Port Sept Terminal, Inc., subject to certain conditions precedent; Upon completion of this t
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 — Q3 2018 Earnings Presentation on 6ix