International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q2 2016 Earnings Presentation
20 slides from International Container Terminal Services's earnings presentation, Aug 9, 2016
Slide 1: 2Q 2016 Investor Briefing Presentation
2Q 2016 INVESTOR BRIEFING PRESENTATION August 9, 2016
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) First Half Second Quarter 3,566,023 3,888,130 4,264,633 1,757,095 1,982,773 2,210,995 16% 5% 274,026 12% 10% 216,057 225,095 11% 13% 764,623 9% 684,752 35% 532,408 692,193 36% 13% 38% 461
Slide 4: Revenues
Revenues Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers (in US$ ‘000) First Half Second Quarter 510,285 552,107 550,814 261,422 256,405 11% 284,345 -2% 36,505 25,778 13% -0.2% 10% 24,837 10% 8% 96,700 111,710 95,691 34% 43% 37% 51,755 69,177 9% 12% 5
Slide 5: 1H 2016 Consolidated P&L Highlights
1H 2016 Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 1H 2015 1H 2016 % change Volume up 10% due to acquisition of new shipping line customers and Volume (in TEU) 3,888,130 4,264,633 10%
Slide 6: 2Q 2016 Consolidated P&L Highlights
2Q 2016 Consolidated P&L Highlights Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000, except Volume & EPS) 2Q 2015 2Q 2016 % change Volume up 16% due to acquisition of new shipping line customers and Volume (in TEU) 1,905,357 2,210,995 16%
Slide 7: Financing Charges & Other Expenses
Financing Charges & Other Expenses Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers (in US$ ‘000) 1H 2015 1H 2016 % change Financing charges & other expenses 33,321 45,883 38% Interest Expense on Loans/Bonds 40,863 45,469 11% Interest expense higher du
Slide 8: 1H 2016 Revenue Profile by Currency
1H 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 Others MICT 41% USD 59% PHP PKR RMB 2% 2% 26% PLN 3% BCT 73% USD; 1% E
Slide 9: 1H 2016 Cash Expense Profile by Currency
1H 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 43% USD 57% PHP RMB IQD 2% BCT 38% USD 62% PLN 2% Other
Slide 10: FX Movement since January 2015
FX Movement since January 2015 Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 90 100 110 120 130 140 January - June Currency
Slide 11: 1H 2016 Yield/TEU Analysis
1H 2016 Yield/TEU Analysis Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 1H 2015 1H 2016 % Change Volume (TEU ‘000) 3,888 4,265 10% Revenues (US$ million) 552 551 -0.2% Yield/TEU (US$) 142 129 -9% EBITDA (US$ million) 237 257 8% EBITDA Margin 43% 47
Slide 12: Quarterly 2016 Yield/TEU Comparison
Quarterly 2016 Yield/TEU Comparison Recent Financial Performance Liquidity and Capital Resources Other Matters Questions and Answers 1Q 2015 1Q 2016 % Change 2Q 2015 2Q 2016 % Change 1,983 2,054 4% Volume (TEU ‘000) 1,905 2,211 16% 296 266 -10% Revenues 256 284 11% (US$ million) 149 130 -13% Yield/T
Slide 13: 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 (in US$ ‘000) 400 2,500 350 2,000 300 296 282 284 269 Volume (in TEU thousands) 261 259 266 249 256 250 240 (in USD millions) 1,500 200 1,000
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$ million) 2014 2015 June 30, 2016 Intangible and Property and equipment 2,705 2,864 3,010 Cash and cash equivalents 194 354 313 Other current and noncurrent assets 502 623 68
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. 600 500 400 300 200 100 0 Cash 2016 2017 2018 2019 2020 2021
Slide 17: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Others Matters Questions and 4 Answers
Slide 18: Recent Events
Recent Events Recent Liquidity Questions Financial and Capital Other and Performance Resources Matters Answers Victoria International Container Terminal signed a syndicated loan facility worth AUD July 398 million (approximately USD 300 million) with seven leading global financial institutions. Rece
Slide 19: Agenda
AGENDA Recent Financial 1 Performance Liquidity and Capital 2 Resources 3 Other Matters Questions and 4 Answers
Slide 20: 2Q 2016 Investor Briefing Presentation
2Q 2016 INVESTOR BRIEFING PRESENTATION
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