Wilh. Wilhelmsen Holding Asa Class A · OSL:WWI
Wilh. Wilhelmsen Holding Asa Class A — Q2 2017 Earnings Presentation
15 slides from Wilh. Wilhelmsen Holding Asa Class A's earnings presentation, August 2017
Slide 1: Wilh. Wilhelmsen Holding ASA Second quarter 2017
Wilh. Wilhelmsen Holding ASA Second quarter 2017 August 2017
Slide 2: Highlights
Highlights Second quarter 2017 Rebound in maritime services operating profit Wallenius Wilhelmsen Logistics merger completed 4 April • Increased volumes and synergies “on track” • Merger accounting loss recognised in Q2 Accounting gain from reclassification of Hyundai Glovis Paid NOK 3.50 dividend p
Slide 3: Improved operating profit for all main operating entities
Improved operating profit for all main operating entities Maritime services operating profit/EBIT margin back above 9% Operating entities – change from previous quarter 1) Maritime services - total income and EBIT margin *)**) EBIT Ownership EBITDA EBIT USD mill margin 300 15% 100% +90% +146% 250 Ma
Slide 4: Equity ratio increased to 77%
Equity ratio increased to 77% Group balance impacted by restructuring Equity ratio Changes in group accounts in Q2 USD mill Equity ratio Wallenius Wilhelmsen Logistics ASA: 6 000 100% • Reported as associate from 4 April • USD 62 million merger loss in Q2 (reported in WWL ASA) 90% 5 000 77% 80% Wilh
Slide 5: Liquidity and debt position remains strong
Liquidity and debt position remains strong Maturity profile – available facilities Liquidity Debt outstanding (USD million) (USD million) (USD million) 454 24 35 146 430 179 136 200 100 48 36 2017 2018 2019 Parent Wilh. Wilhelmsen Holding Invest Maritime services Holding and investments Maritime ser
Slide 6: Outlook
Outlook The board expects the general business environment to remain soft, affecting most group activities and performance. Structural changes and performance improvement will continue to support an improvement in operating margin of main activities.
Slide 7: Maritime services
Maritime services The maritime services segment includes the business areas ships service and ship management and other maritime services activities
Slide 8: Ships service
Ships service Wilhelmsen Ships Service is a global provider of standardised product brands and service solutions to the maritime industry, focusing on marine products, marine chemicals, maritime logistics and ships agency Ships service is a wholly owned Wilhelmsen subsidiary Q2’17 highlights Total i
Slide 9: Ship management
Ship management Wilhelmsen Ship Management provides full technical management, crewing and related services for all major vessel types with exception of oil tankers Ship management is a wholly owned Wilhelmsen subsidiary Q2’17 highlights Total income and vessels served • Stable total income and oper
Slide 10: Holding and investments
Holding and investments The holding and investments segment includes investments in Wallenius Wilhelmsen Logistics ASA, Treasure ASA and NorSea Group, financial investment, and other holding and investment activities
Slide 11: Wallenius Wilhelmsen Logistics ASA
Wallenius Wilhelmsen Logistics ASA Wallenius Wilhelmsen Logistics ASA is a global provider of shipping and logistics services towards car and ro-ro customers, and is listed on the Oslo Stock Exchange Wilhelmsen owns ~37,8% of Wallenius Wilhelmsen Logistics ASA (from 4 April 2017) Q2’17 highlights Wi
Slide 12: Treasure ASA
Treasure ASA Treasure ASA holds a 12.04% ownership interest in Hyundai Glovis, and is listed on the Oslo Stock Exchange Wilhelmsen owns 72.7% of Treasure ASA Q2’17 highlights Wilhelmsen's investment – market value (Mill. USD) • Reclassification of Hyundai Glovis to available-for-sale 295 305 0 6 16
Slide 13: NorSea Group
NorSea Group NorSea Group provides supply bases and integrated logistics solution to the offshore industry Wilhelmsen owns 40% of NorSea Group Q2’17 highlights Total income and operating margin (weighted) • Improved results at Norwegian offshore supply bases NOK mill Margin 1 000 25% • Weak performa
Slide 14: Financial investments
Financial investments Financial investments include cash and cash equivalents, current financial investments and available-for-sale financial assets held by the parent and fully owned subsidiaries reported under the holding and investments segment Q2’17 highlights Available-for-sale financial assets
Slide 15: wilhelmsen.com
Nn Si ace ee wilhelmsen.com
Wilh. Wilhelmsen Holding — Q2 2017 Earnings Presentation on 6ix