Eimskipafelag Islands hf. · OMXICE:EIM
Eimskipafelag Islands hf — Investor Presentation (August 2018)
35 slides from Eimskipafelag Islands hf's investor presentation, August 2018
Slide 1: Eimskipafélag Íslands hf. – August 2018
EIMSKIPAFÉLAG ÍSLANDS HF. August 2018
Slide 2: Eimskip at a Glance
EIMSKIP AT A GLANCE A niche player in transportation in the North Atlantic for over 100 years Liner services in the Revenue 2017 North Atlantic EUR 664 million Market Cap and worldwide EUR 343.1 million freight forwarding EBITDA 2017 on 30 August 2018 services EUR 57.2 million 63 own offices in 20 c
Slide 3: Over Hundred Years of Experience
OVER HUNDRED YEARS OF EXPERIENCE Eimskip founded in 1914 3
Slide 4: Mission and Vision
MISSION VISION EIMSKIP IS A LEADING TRANSPORTATION COMPANY IN THE NORTH ATLANTIC WITH CONNECTIONS EXCELLENCE IN TRANSPORTA’ TO INTERNATIONAL MARKETS AND IS SPECIALIZED IN WORLDWIDE FREIGHT FORWARDING SERVICES SECURE A GOOD RETURN FOR... [ U i i < SHAREHOLDERS hus \ STOMEF ... WITH PROFITABLE GROWTH
Slide 5: Strategic Priorities 2018
STRATEGIC PRIORITIES 2018 NGTHENING OF say tre LNG INFR, N cTEM AND ASTRUC TY.
Slide 6: Organizational Structure
ORGANIZATIONAL STRUCTURE Experienced Management Team 6
Slide 7: Business Segments
BUSINESS SEGMENTS Liner services in the North Atlantic and international forwarding services Liner services Revenue by segment Geographical split of revenue The core of the company’s Terminal operations operations Chilled and cold storage facilities Eimskip’s home market includes Warehousi
Slide 8: International Network
INTERNATIONAL NETWORK Employees in four continents and associates worldwide 63 own offices in 20 countries 1,853 employees 8 151 67 18 9 975 660 28 Iceland Europe Americas Asia Iceland Europe Americas Asia 8
Slide 9: Niche Player in the North Atlantic
NICHE PLAYER IN THE NORTH ATLANTIC 9
Slide 10: Vessel Fleet
VESSEL FLEET 21 vessels in operation, 12 own and 9 chartered Own vessel Chartered vessel BLUE LINE RED LINE GODAFOSS DETTIFOSS POLLUX PERSEUS Built 1995 Built 1995 Built 2009 Built 2010 TEU 1,457 TEU 1,457 TEU 1,025 TEU 1,025 GT 14,664 GT 14,664 GT 11,550 GT 11,550 YELLOW LINE GRAY LINE LAGARFOSS BA
Slide 11: Vessel Fleet
VESSEL FLEET 21 vessels in operation, 12 own and 9 chartered Own vessel Chartered vessel ORANGE LINE VIDFOSS HOLMFOSS POLFOSS SVARTFOSS Built 1990 Built 2007 Built 2008 Built 2005 Reefer (bulk) Reefer Reefer (bulk/TEU24) Reefer GT 3,625 (bulk/TEU24) GT 3,538 (bulk/TEU48) GT 3,538 GT 2,990 OTHER OPER
Slide 12: Home Market
HOME MARKET Niche market areas with rich natural resources and small population GREENLAND 56,000 inhabitants MAINE, UNITED STATES 1,330,000 inhabitants NEWFOUNDLAND AND LABRADOR 530,000 inhabitants ICELAND 330,000 inhabitants NORTHERN NORWAY THE FAROE ISLANDS 500,000 inhabitants 50,000 inhabitants M
Slide 13: Eimskip's Weekly Sailing System
EIMSKIP’S WEEKLY SAILING SYSTEM Six sailing routes in the North Atlantic The new sailing system is an investment for the future On the Gray route adding volume from Húsavík On the Gray route adding new volume from the UK On the Green route adding TA volume between North America and Northern Eu
Slide 14: Eimskip and Royal Arctic Line
EIMSKIP AND ROYAL ARCTIC LINE Building of vessels in China on schedule Eimskip and Royal Arctic Line intend to share capacity on three vessels Eimskip is building two 2,150 TEU ice class Polar Code container vessels in China Built to the highest environmental standards Contract price of each
Slide 15: Operations and Operating Assets
OPERATIONS AND OPERATING ASSETS TERMINAL OPERATON: 15 locations in four countries CHILLED AND COLD STORAGES: 12 in four countries in the North Atlantic and three in China WAREHOUSES: 29 in nine countries TRUCKING AND DISTRIBUTION in five countries AIR FREIGHT SERVICES in five countries CONTAINERS: 2
Slide 16: Niche Player in the Forwarding Market
NICHE PLAYER IN THE FORWARDING MARKET 16
Slide 17: Global Network
GLOBAL NETWORK Own offices in four continents and a worldwide network of associates 17
Slide 18: Global Trade
GLOBAL TRADE Main trading routes in 2017 18
Slide 19: Finances
FINANCES 19
Slide 20: Strong Revenue and EBITDA Growth
STRONG REVENUE AND EBITDA GROWTH 2013 to 2017 REVENUE EBITDA EUR million EUR million 20
Slide 21: Transported Volume 2013 to 2017
TRANSPORTED VOLUME 2013 TO 2017 CAGR 5.4% for liner services and 15.8% for forwarding services LINER SERVICES FORWARDING SERVICES Volume index: 2010 volume at 100 * New acquisitions account for 29.2% and organic growth 12.0% 21
Slide 22: Liner Services Volume
LINER SERVICES VOLUME Iceland, Faroe Islands, Norway and Trans-Atlantic 22
Slide 23: Forwarding Services Volume
FORWARDING SERVICES VOLUME Reefer and dry cargo forwarding 23
Slide 24: Geographical Split of Revenue
GEOGRAPHICAL SPLIT OF REVENUE Europe has grown due to new forwarding acquisitions 24
Slide 25: Revenue and Expenses by Currency 2017
REVENUE AND EXPENSES BY CURRENCY 2017 Income statement relatively naturally hedged – long in USD and short in ISK 25
Slide 26: Revenue by Business Segment
REVENUE BY BUSINESS SEGMENT Liner services and forwarding services 26
Slide 27: EBITDA by Business Segment
EBITDA BY BUSINESS SEGMENT Liner services and forwarding services 27
Slide 28: Financial Ratios 2013 to 2017
FINANCIAL RATIOS 2013 TO 2017 Increased leverage due to new acquisitions and other investments NET DEBT / LTM-EBITDA NET DEBT AND EQUITY RATIO EUR million EUR million 28
Slide 29: EBITDA Guidance for 2018
EBITDA GUIDANCE FOR 2018 According to current assumptions EBITDA will be in the lower to mid-range of 57 to 63 million EUR million 70 Liner services 57-63 Volume in the container liner services expected to continue to grow 60 Volume in the Faroe Islands with a modest growth Volume in Norway
Slide 30: Largest Shareholders
LARGEST SHAREHOLDERS 20 largest shareholders as of 30 August 2018 30
Slide 31: Corporate Social Responsibility and Ecological Footprint
CORPORATE SOCIAL RESPONSIBILITY AND ECOLOGICAL FOOTPRINT 31
Slide 32: Environmental Management
ENVIRONMENTAL MANAGEMENT An important part of Eimskip’s social responsibility In 1991, Eimskip became one of the first companies in Iceland to establish an environmental policy as a main driver for actions for improved ecological footprint ENVIRONMENTAL POLICY Eimskip Respects its environment and
Slide 33: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Environment – Society – Governance CARBON INTENSITY PER TON OF TRANSPORTED UNITS Accumulated results compared to the base year 2015 Eimskip respects its environment and seeks to limit its impact on the ecosystem and reduce its environmental footprint Eimskip offer
Slide 34: Disclaimer
DISCLAIMER Information contained in this presentation is based on sources that Eimskipafélag Íslands hf. (“Eimskip“ or the ”Company“) considers reliable at each time. Its accuracy or completeness can however not be guaranteed. Copyright of information contained in this presentation is owned by Eimsk
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