International Container Terminal Services, Inc. · PSE:ICT
International Container Terminal Services — Q1 2026 Earnings Presentation
18 slides from International Container Terminal Services's earnings presentation, May 4, 2026
Slide 1: 1Q 2026 Investors' Briefing
1Q 2026 Investors’ Briefing May 4, 2026
Slide 2: 1Q 2026 Consolidated financial & operational highlights
1Q 2026 Consolidated financial & operational highlights Volume Yield Revenue EBITDA Net Recurring income* Net Income* +18% +10% +29% +26% +23% +29% 4.1M TEU US$230 US$961M US$618M US$294M US$308M EBITDA Diluted margin 64% EPS +23% ▪ Double-digit inorganic-led volume growth with stable organic volume
Slide 3: Yearly and Quarterly Results
Yearly and Quarterly Results 1Q 2Q 3Q 4Q 1Q FY2021 FY2022 FY2023 FY2024 FY2025 (In US$ million except Volume, Yield & EBITDA margin) 2025 2025 2025 2025 2026 Volume (in TEU ‘000) 11,163 12,216 12,749 13,067 14,501 3,472 3,517 3,698 3,814 4,085 Gross Revenues 1,865 2,243 2,388 2,740 3,235 745 765 828
Slide 4: Agenda
Agenda Recent Financial Liquidity and Capital Questions and Performance Resources Answers 4
Slide 5: Recent Financial Performance
01 Recent Financial Performance
Slide 6: Consolidated P&L Highlights
Consolidated P&L Highlights 1Q 2025 1Q 2026 % Change (In US$ ‘000, except Volume and EPS) Volume (in TEU) 3,471,913 4,084,901 +18% Gross Revenues from Port Operations 745,420 961,111 +29% Cash Operating Expenses 187,660 261,809 +40% EBITDA 489,592 617,865 +26% EBITDA Margin 66% 64% Financing Charges
Slide 7: Recurring Net Income
Recurring Net Income 1Q 2025 1Q 2026 % Change (In US$ ‘000) Net Income Attributable to Equity Holders 239,536 293,570 +23% Non-recurring charge on: Disposal of YICT in China - 14,704 Recurring Net Income Attributable to Equity 239,536 308,274 +29% Holders 7
Slide 8: 1Q Volume and Revenue
1Q Volume and Revenue Volume Gross Revenues (in ‘000 TEUs) (in ‘US$ millions) 3,090 3,472 4,085 638 745 961 +18% +29% +12% 212 985 +17% 22% 24% 700 +41% +48% +26% 20% 143 554 19% 18% 1,081 116 +24% 373 981 26% 18% 39% 858 28% +10% 282 28% +32% +14% 262 38% 41% +8% 2,019 1,678 1,791 49% 376 52% +13%
Slide 9: Revenue/TEU Analysis
Revenue/TEU Analysis 1Q 2025 1Q 2026 % change Volume (TEUs ‘000) 3,472 4,085 +18% Revenues (US$ ‘000) 724,687 941,008 +30% Revenue / TEU (US$) 209 230 +10% 209 +28 -16 +10 230 Revenue/TEU, Organic New terminals Forex Revenue/TEU, Mar 2025 terminals Mar 2026 Note: Yield or Revenue per TEU excluding p
Slide 10: Revenue/Ton Analysis (non-containerized terminals)
Revenue/Ton Analysis (non-containerized terminals) 1Q 2025 1Q 2026 % change Volume (Tons ‘000) 2,904 2,549 -12% Revenues (US$ ‘000) 20,733 20,103 -3% Revenue / Ton (US$) 7.1 7.9 +10% 7.1 +0.7 +0.1 7.9 Revenue/Ton, Organic terminals Forex Revenue/Ton, Mar 2025 Mar 2026 Note: Revenue per Ton includes
Slide 11: Capital Expenditure
Capital Expenditure 1Q 2026 Actual 2026 Budget Major expansions include: US$9m US$72m 8% 10% ▪ MICT (new expansions) US$17m (new expansion) ▪ MNHPI 14% US$136m US$118m 18% ▪ MCT 16% US$740m (ongoing ▪ SLCT expansions) US$92m 78% (ongoing ▪ ICTSI Rio expansion) US$532m ▪ IDRC 72% ▪ CMSA ▪ OPC Expansi
Slide 12: Liquidity and Capital Resources
02 Liquidity and Capital Resources
Slide 13: Balance Sheet Summary
Balance Sheet Summary Balance Sheet Highlights Debt Ratios (In US$ million) Dec 31, 2025 Mar 31, 2026 Dec 31, 2025 Mar 31, 2026 Total Assets 9,077 9,622 Gearing: Debt/SHE 1.27 1.32 Total Liabilities 6,596 7,224 Current Ratio: 1.42 1.07 Current Assets/Current Liab. Total Equity 2,481 2,398 Covenant L
Slide 14: Cost of External Funding
Cost of External Funding 1Q 2025 1Q 2026 % Change (In US$’ 000) Financing Charges 42,453 44,973 +6% ▪ Interest Expense on Loans/Bonds 33,685 37,831 12% ▪ Perpetual Securities distribution 3,725 3,725 - ▪ Amortization of Debt Issue Cost 2,638 1,931 -27% ▪ DST/WHT 2,405 1,486 -38% FY 2025 1Q 2025 1Q 2
Slide 15: Principal Redemption Profile
Principal Redemption Profile As of Mar 31, 2026 (In US$ million) Perp NC26* 298 689 400 457 300 459 254 309 122 22 23 23 46 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Relationship Banks Bonds Perp Proforma May 5, 2026 (In US$ million) 693 400 457 464 429 300 309 14 127 27 23 51 23 2026 2027 2
Slide 16: Summary
Summary A strong start to 2026, with double-digit volume and revenue growth driving record earnings Resilient and globally diversified O&D portfolio supporting consistent outperformance Robust balance sheet and cash generation supporting disciplined capital allocation across expansion projects, debt
Slide 17: Questions and Answers
03 Questions and Answers International Container Terminal Services Inc.
Slide 18: Thank you
International _ Container Terminal Services Inc. Thank you
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