A.P. Moller - Maersk A/S Class A · OMXCOP:MAERSK_A
A.P. Moller - Maersk A/S Class A — A.P. Møller - Mærsk — Q1 2009 Earnings Presentation
14 slides from A.P. Moller - Maersk A/S Class A's earnings presentation, May 12, 2009
Slide 1: Interim Management Statement
A.P. Møller - Mærsk A/S Interim Management Statement 12 May 2009 Conference call 12.30 pm CET Webcast available at www.maersk.com PAGE 11 PAGE 12 May 2009
Slide 2: Forward-looking statements
Forward-looking statements The presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond A.P. Møller - Mærsk A/S’ control, may cause actual development and results to differ materially from the expectations c
Slide 3: Agenda
Agenda Highlights Consolidated Financial Information Business Segments Outlook for 2009 2009 Focus Areas Q&A PAGE 33 PAGE 12 May 2009
Slide 4: Highlights YTD 2009
Highlights YTD 2009 Segment result after tax Group result for the period USD million USD million 800 Q1 2008 600 Q1 2009 1,050 400 200 0 -200 - 373 -400 -600 -800 Container APM Tankers, Oil and gas Retail Q1 2008 Q1 2009 Shipping Terminals offshore and other shipping Highlights • Deteriorating marke
Slide 5: Consolidated Financial Information January to March
Consolidated Financial Information 1 January to 31 March Profit and Loss 2009 2008 Index (USD million) Q1 Q1 2009/08 Revenue 11,024 14,444 76 EBITDA 1,997 3,562 56 Depreciation, amortisation and 1,283 1,082 119 impairment losses Sales gains 25 417 6 EBIT 776 3,000 26 Profit before tax 305 2,772 11 N
Slide 6: Container Shipping and related activities
Container Shipping and related activities 2009 2008 Index USD million Highlights YTD 2009 Q1 Q1 2009/08 Revenue 4,906 6,794 72 EBITDA -19 330 N/A • Maersk Line volume down 14% vs. Q1 2008 – rates down 24% Sales gains 12 141 9 EBIT -424 69 N/A • Average fuel price 45% below Segment result after Q1 20
Slide 7: APM Terminals
APM Terminals 2009 2008 Index USD million Q1 Q1 2009/08 Revenue 675 733 92 EBITDA 131 142 92 EBIT 54 75 72 Segment result after 36 59 61 tax Highlights YTD 2009 • APM Terminals volume declined 12% (8% adjusted for discontinued terminals) • Global market (number of crane lifts) approx. 16% below Q1 2
Slide 8: Tankers, offshore and other shipping activities
Tankers, offshore and other shipping activities 2009 2008 Index USD million Q1 Q1 2009/08 Revenue 1,286 1,206 107 EBITDA 336 346 97 Sales gains 8 285 3 Associated companies -13 -4 N/A EBIT 108 504 21 Segment result after 84 475 18 tax Highlights YTD 2009 • Acquisition of Bröstrom AB completed. • Hig
Slide 9: Oil and gas activities
Oil and gas activities 2009 2008 Index USD million Highlights 2009 YTD Q1 Q1 2009/08 Revenue 1,915 3,170 60 • Average oil price (Brent) USD Exploration costs 171 161 106 45 per barrel 54% below Q1 EBITDA 1,486 2,687 55 2008 EBIT 950 2,252 42 • Share of oil and gas production Segment result after inc
Slide 10: Other segments
Other segments Retail activities Highlights YTD 2009 2009 2008 Index DKK million • Markets in Denmark, England, Q1 Q1 2009/08 Poland, Germany and to some Revenue 13,071 13,502 97 extent Sweden affected by the economic downturn EBITDA 568 665 85 EBIT 386 493 78 • Consumer switching from supermarkets
Slide 11: Outlook for 2009
Outlook for 2009 Outlook for 2009 The outlook for 2009 is subject to considerable uncertainty, especially due to the development in the global economy. Specific uncertainties relate to the development in container freight rates, transported volumes, the USD exchange rate and oil prices As mentioned
Slide 12: Focus Areas 2009
Focus Areas 2009 • Restoring Maersk Line competitiveness • Cost reduction/cash preservation • Driving performance • Improve safety and environmental performance PAGE 12 PAGE 12 12 May 2009
Slide 13: Q & A
PAGE 13 12 May 2009 A.P. MOLLER-MAERSK GROUP
Slide 14: Consolidated Financial Information January to March (DKK)
Consolidated Financial Information 1 January to 31 March Profit and Loss 2009 2008 Index ( DKK million) Q1 Q1 2009/08 Revenue 62,970 71,844 88 EBITDA 11,406 17,717 64 Depreciation, amortisation and 7,323 5,382 136 impairment losses Sales gains 142 2,074 7 EBIT 4,433 14,922 30 Profit before tax 1,741