Hutchison Port Holdings Trust · SGX:NS8U
Hutchison Port Holdings Trust — Q3 2019 Earnings Presentation
20 slides from Hutchison Port Holdings Trust's earnings presentation, Oct 25, 2019
Slide 1: Hutchison Port Holdings Trust 2019 Financial Results Presentation
Hutchison Port Holdings Trust 2019 Financial Results Presentation for the Period Ended 30 September 2019
Slide 2: Disclaimer
Disclaimer This presentation should be read in conjunction with, and figures herein are based on, the results of Hutchison Port Holdings Trust (“HPH Trust”) for the period ended 30 September 2019 in the SGXNET announcement. This presentation may contain forward-looking statements that involve risks
Slide 3: Table of Contents
Table of Contents 1 Key Highlights 2 Outlook and Prospects 3 Business Review for the Period Ended 30 September 2019 4 Key Financial Performance 2 HPH TRUST / RESULTS PRESENTATION 25 October, 2019
Slide 4: Key Highlights
1 Key Highlights 3 HPH TRUST / RESULTS PRESENTATION 25 October, 2019
Slide 5: Key Highlights
Key Highlights • YTD September 2019 throughput of HPH Trust’s ports was 1% below last year. YICT’s throughput was 3% above last year. Combined throughput(N1) of HIT, COSCO-HIT and ACT (collectively “HPHT Kwai Tsing”) was 5% below last year • Despite the outbound cargoes to the US continued to declin
Slide 6: Outlook and Prospects
2 Outlook and Prospects 5 HPH TRUST / RESULTS PRESENTATION 25 October, 2019
Slide 7: Outlook and Prospects Overview
Outlook and Prospects Overview • Global trade remains sluggish due to intensifying trade tensions and slowing manufacturing and business activities. Elevated geopolitical and economic risks and uncertainties, including the no-deal Brexit and potential for the escalation of tension in the Middle East
Slide 8: Business Review for the Period Ended 30 September 2019
3 Business Review for the Period Ended 30 September 2019 7 HPH TRUST / RESULTS PRESENTATION 25 October, 2019
Slide 9: Key Business Update: Throughput Volume
Key Business Update Throughput Volume (TEU in thousand) 30,000 YICT and HICT (N3) HIT, COSCO-HIT and ACT 25,000 +6% yoy -1% yoy +8% yoy -1% yoy +5% yoy -1% yoy -6% yoy 20,000 11,673 -1% yoy 10,667 10,796 12,166 12,916 13,413 11,698 15,000 9,966 10,000 12,282 12,003 12,565 11,761 10,810 11,365 5,000
Slide 10: Key Financial Performance
4 Key Financial Performance 9 HPH TRUST / RESULTS PRESENTATION 25 October, 2019
Slide 11: Key Financial Performance: Revenue and other income
Key Financial Performance Revenue and other income For the period ended 30 September 2019 (HK$’Million) Segment Information 0% yoy 10,000 2019 2018 8,453 8,483 8,000 32% 34% 6,000 68% 66% 4,000 2,000 0 Hong Kong Mainland China 2019 2018 10 HPH TRUST / RESULTS PRESENTATION 25 October, 2019
Slide 12: Key Financial Performance: Total Capex
Key Financial Performance Total Capex For the period ended 30 September 2019 (HK$’Million) 600 -29% yoy 500 400 300 563 200 401 100 0 2019 2018 11 HPH TRUST / RESULTS PRESENTATION 25 October, 2019
Slide 13: Key Financial Performance: Financial Position
Key Financial Performance Financial Position At 30 September 2019 At 31 December 2018 HK$'Million HK$'Million Short Term Debt $4,101.6 $2,519.1 Long Term Debt $26,663.0 $29,170.4 Total Consolidated Debt $30,764.6 $31,689.5 Total Consolidated Cash $6,208.1 $6,566.4 12 HPH TRUST / RESULTS PRESENTATION
Slide 14: Unaudited Results YTD-September 2019 against Last Year
HPH Trust’s Unaudited Results YTD-September 2019 against Last Year 1 January to 30 September 2019 2018 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 8,452.8 8,483.2 - Cost of services rendered (2,922.3) (3,015.5) 3% Staff costs (217.3) (221.3) 2% Depreciation and amorti
Slide 15: Unaudited Results 3rd Quarter 2019 against Last Year
HPH Trust’s Unaudited Results 3rd Quarter 2019 against Last Year 1 July to 30 September 2019 2018 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 3,029.0 3,026.6 - Cost of services rendered (1,021.6) (1,016.9) - Staff costs (69.1) (71.3) 3% Depreciation and amortisation (
Slide 16: Statement of Financial Position as at 30 September 2019
Statement of Financial Position as at 30 September 2019 and 31 December 2018 30 September 31 December (HK$'Million) 2019 2018 Unaudited Audited ASSETS Non-current assets Fixed assets 23,806.3 24,629.6 Projects under development 699.3 996.4 Leasehold land and land use rights 37,358.4 38,373.3 Railway
Slide 17: Statement of Financial Position (cont'd)
Statement of Financial Position as at 30 September 2019 and 31 December 2018 (cont’d) 30 September 31 December (HK$’Million) 2019 2018 Unaudited Audited Current liabilities Trade and other payables 5,699.3 5,928.2 Bank and other debts 4,086.7 2,517.5 Current tax liabilities 411.6 358.2 Total current
Slide 18: Statement of Cash Flows YTD-September 2019 and 2018
Statement of Cash Flows YTD-September 2019 and 2018 1 January to 1 January to (HK$’Million) 30 September 2019 30 September 2018 Operating activities Cash generated from operations 4,849.8 4,230.5 Interest and other finance costs paid (764.5) (727.3) Tax paid (607.4) (772.9) Net cash from operating a
Slide 19: Statement of Cash Flows 3rd Quarter 2019 and 2018
Statement of Cash Flows 3rd Quarter 2019 and 2018 1 July to 1 July to (HK$’Million) 30 September 2019 30 September 2018 Operating activities Cash generated from operations 1,373.5 1,359.3 Interest and other finance costs paid (206.7) (250.8) Tax paid (251.5) (182.0) Net cash from operating activitie
Slide 20: The World's Leading Port Network
THE WORLD’S LEADING PORT NETWORK
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