International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q3 2017 Earnings Presentation
22 slides from International Container Terminal Services's earnings presentation, Nov 8, 2017
Slide 1: 3Q 2017 Investor Briefing Presentation
3Q 2017 INVESTOR BRIEFING PRESENTATION November 8, 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 TEU) Nine Months Third Quarter 5,768,248 6,435,192 6,836,611 1,880,118 2,170,559 2,291,207 6% 15% 380,771 290,595 17% 13% 227,025 6% 12% 692,046 750,687 30% 12% 664,005 35% 1,075,696 35% 823,0
Slide 4: Revenues
Revenues Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000) Nine Months Third Quarter 792,035 835,026 918,269 239,929 284,212 314,553 11% 18% 68,961 42,780 22% 15% 26,256 11% 96,476 98,148 2% 86,088 34% 31% 10% 36% 5% 178,848 111,957 20% 14
Slide 5: Consolidated P&L Highlights (9M)
Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 9M 2016 9M 2017 % change Volume up 6% due to improving global trade particularly in the emerging Volume (in TEU) 6,435,192 6,836,611 6% mark
Slide 6: Consolidated P&L Highlights (3Q)
Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 3Q 2016 3Q 2017 % change Volume up 6% due to improving global trade particularly in the emerging Volume (in TEU) 2,170,559 2,291,207 6% mark
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) 9M 2016 9M 2017 % change Financing charges & other expenses 66,838 86,912 30% Interest Expense on Loans/Bonds 68,916 77,971 13% Higher interest expense d
Slide 8: Historical Volume, Revenue & EBITDA
Historical Volume, Revenue & EBITDA CURRENCY RISK ANALYSIS Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 400 2,500 Volume (in TEU thousands) 350 315 307 2,000 296 293 297 (in USD millions) 300 282 284 284 269 266 261 256 259 249 250 240 1,500 200 14
Slide 9: 9M 2017 Revenue Profile by Currency
9M 2017 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 MICT 44% 56% PHP PTMTS 100% IDR YICT 100% RMB OJA 66% 34% IDR PICT 77%
Slide 10: 9M 2017 Cash Expense Profile by Currency
9M 2017 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 35% 65% PHP PTMTS 100% IDR YICT 100% RMB OJA 14% 86% ID
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-September 140 Currency Ave 2016 Ave 2017 Growth (%) BRL 3.54 3.17 10.36 EUR 0.90 0.90 (0.26) 150 PKR 104.70 104.99 (0.28) MXN 18.30 18.90 (3.25)
Slide 12: 2017 Yield/TEU Comparison
2017 Yield/TEU Comparison Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 3Q 2016 3Q 2017 % Change 9M 2016 9M 2017 % Change 2,171 2,291 6% Volume (TEU ‘000) 6,435 6,837 6% 284 315 11% Revenues (US$ million) 835 918 10% 131 137 5% Yield/TEU (US$) 130 1
Slide 13: Yield/TEU Evolution
Yield/TEU Evolution Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 138 136 1.6 134 4.6 132 1.5 130 128 134.3 126 129.9 124 122 120 Yield/TEU New Terminals Organic Forex Yield/TEU Dec 2016 Sept 2017 13
Slide 14: EBITDA Margin Evolution
EBITDA Margin Evolution Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 50% 0.01% 49% 1.8% 48% 2.6% 47% 47.4% 46% 46.5% 45% EBITDA % Organic Forex New Terminals EBITDA % Dec 2016 Sept 2017 14
Slide 15: Agenda
AGENDA Recent Financial 1 Performance Liquidity and 2 Capital Resources 3 Other Matters Questions and 4 Answers
Slide 16: Balance Sheet Summary
Balance Sheet Summary Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ millions) 2015 2016 9M2017 Intangible and Property and equipment 2,864 3,102 3,166 Cash and cash equivalents 354 325 320 Other current and noncurrent assets 613 755 796 Tota
Slide 17: 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. LME3 in October 2016 as of September 30, 2017 600 600 LME 50
Slide 18: 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 19: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Others Matters Questions and 4 Answers
Slide 20: Recent Events
Recent Events Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers PT ICTSI Jasa Prima Tbk (IJP) signed a conditional share purchase agreement with PT Samudera Nov Terminal Indonesia (STI) for the purchase of IJP’s interest in PT Perusahaan Bongkar Muat Ol
Slide 21: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 22: 3Q 2017 Investor Briefing Presentation
3Q 2017 INVESTOR BRIEFING PRESENTATION
International Container Terminal Services — Q3 2017 Earnings Presentation on 6ix