International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — FY2016 Earnings Presentation
21 slides from International Container Terminal Services's earnings presentation, Mar 15, 2017
Slide 1: FY 2016 Investor Briefing Presentation
FY 2016 INVESTOR BRIEFING PRESENTATION March 15, 2017
Slide 2: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 3: Volume
Volume Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in TEUs) Full Year Fourth Quarter 7,438,635 7,775,993 8,689,363 2,028,411 2,007,745 2,254,171 12% -1% 308,789 14% 12% 259,775 254,365 13% 13% 5% 756,843 677,179 657,351 33% 1,131,792 33% 33% 13%
Slide 4: Revenues
Revenues Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000s) Full Year Fourth Quarter 1,061,152 1,051,325 1,128,395 281,944 259,290 293,369 13% -8% 7% 27,923 47,610 -1% 10% 16% 31,098 159,567 12% 105,093 109,109 14% 105,471 99,466 10% 37% 8
Slide 5: 2016 Consolidated P&L Highlights
2016 Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000s, except Volume & EPS) 2015 2016 % change Volume up 12% due to continuing ramp-up at ICTSI Iraq; new shipping lines Volume (in TEU) 7,775,993 8,689,363 12% &
Slide 6: Recurring Net Income
Recurring Net Income Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000) 2015 2016 % change Net Income Attributable to Equity Holders 58,545 180,016 207% ADD BACK: Non-recurring items 114,238 23,432 Non-cash impairment charge on goodwill/por
Slide 7: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000s) FY 2015 FY 2016 % change Financing charges & other expenses 183,540 111,402 -39% Interest Expense on Loans/Bonds 82,831 92,964 12% Higher interest expens
Slide 8: Historical Volume, Revenue and EBITDA
Historical Volume, Revenue and EBITDA CURRENCY RISK ANALYSIS Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 400 2,500 350 2,000 Volume (in TEU thousands) 300 296 293 282 284 284 269 266 (in USD millions) 261 256 259 249 250 240 1,500 200 1,000 150 13
Slide 9: 2016 Revenue Profile by Currency
2016 Revenue Profile by Currency Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Revenue Currency by Subsidiary Revenue Breakdown by Currency Subsidiaries USD/EUR Local Currency PKR Others MICT 42% USD 58% PHP RMB 2% 2% 3% BCT 74% USD; 1% EUR 25% PLN
Slide 10: 2016 Cash Expense Profile by Currency
2016 Cash Expense Profile by Currency Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Cash Expense Currency by Subsidiary Expense Breakdown by Currency Subsidiaries USD/EUR Local Currency MICT 34% USD 66% PHP RMB 2% BCT 37% USD 63% PLN IQD Others TSSA
Slide 11: FX Movement since January 2015
FX Movement since January 2015 Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 90 100 110 120 130 January - December 140 Currency Ave 2015 Ave 2016 Growth (%) EUR 0.90 0.90 (0.3) PKR 102.75 104.72 (1.9) 150 BRL 3.34 3.48 (4.3) PHP 45.52 47.48 (4.3) RM
Slide 12: 2016 Yield/TEU Analysis
2016 Yield/TEU Analysis Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 2015 2016 % Change Volume (TEU ‘000s) 7,776 8,689 12% Revenues (US$ millions) 1,051 1,128 7% Yield/TEU (US$) 135 130 -4% EBITDA (US$ millions) 450 525 17% EBITDA Margin 43% 47% FX
Slide 13: 4Q 2016 Yield/TEU Analysis
4Q 2016 Yield/TEU Analysis Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 4Q 2015 4Q 2016 % Change Volume (TEU ‘000s) 2,008 2,254 12% Revenues (US$ millions) 259 293 13% Yield/TEU (US$) 129 130 1% EBITDA (US$ millions) 111 135 22% EBITDA Margin 43% 4
Slide 14: Agenda
AGENDA Recent Financial 1 Performance Liquidity and 2 Capital Resources 3 Other Matters Questions and 4 Answers
Slide 15: Balance Sheet Summary
Balance Sheet Summary Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ millions) 2014 2015 2016 Intangible and Property and equipment 2,705 2,864 3,102 Cash and cash equivalents 194 354 325 Other current and noncurrent assets 502 623 755 Total
Slide 16: Principal Redemption Profile
Principal Redemption Profile Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ million) Capital structure is well positioned to match the long-term nature of port concession contracts. as of September 30, 2016 as of December 31, 2016 600 600 LME
Slide 17: Capital Expenditures
Capital Expenditures Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers 2016A 2017B US$25M (7%) US$30M (8%) US$30M (13%) US$354M US$135M US$299M (56%) (84%) US$240M US$75M (31%) US$41M US$25M Greenfield Expansionary Maintenance Investment (SPIA) 2016 CAP
Slide 18: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Others Matters Questions and 4 Answers
Slide 19: Recent Events
Recent Events Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers ICTSI Oregon, Inc., and the Port of Portland have mutually agreed to terminate a 2017 Mar 25-year lease agreement to operate the container facility at the Port’s Terminal 6 effective March
Slide 20: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 21: FY 2016 Investor Briefing Presentation
FY 2016 INVESTOR BRIEFING PRESENTATION
International Container Terminal Services — FY2016 Earnings Presentation on 6ix