Cosco Shipping Ports Limited · HKEX:1199
Cosco Shipping Ports — H1 2024 Earnings Presentation
23 slides from Cosco Shipping Ports's earnings presentation, August 2024
Slide 1: 1H 2024 Interim Results Presentation
1H 2024 Interim Results Presentation Global Development and Smart Innovation Win-win Cooperation led by Digital Intelligence 2024 August
Slide 2: Content
02 CONTENT 02. 03. 04. 01. 05. 06. Financial Operational Strategy & Highlights Q&A Appendix Performance Review Outlook
Slide 3: Highlights
03 HIGHLIGHTS 01. Financial 02. 03. Operational 04. Strategy & 05. 06. Q&A Appendix Highlights Performance Review Outlook
Slide 4: Highlights — Continued Positive Growth in 1H2024
04 Highlights — Continued Positive Growth in 1H2024 Improving Quality 01 Global Portfolio 02 Unified Operations 03 Smart & Green Ports 04 Expansion Global Network Logistics Network Smart Ports Lean Operations Hub Ports Logistics Hubs Low-carbon Ports Grasping Market Building Regional Hub Driven by I
Slide 5: Financial Performance
05 FINANCIAL PERFORMANCE 01. 02. 03. 04. 05. 06. Financial Operational Strategy & Highlights Q&A Appendix Review Outlook Performance
Slide 6: Overall Performance — Rising Throughput Driving Gross Profit Growth
Overall Performance — Rising 06 Throughput Driving Gross Profit Growth 01 Subsidiary Terminals YOY YOY Net Finance Costs +8.0% -2.4% Throughput 15.91 M TEU 67.7 M USD Revenue YOY JVs & Associates Profits YOY 709.8 M USD +3.0% 155.4 M USD +1.1% YOY Profit Attributable to YOY Gross Profit +2.5% -7.4%
Slide 7: Revenue and Gross Profit — Revenue and GP of Chinese Subsidiaries Increased YoY
Revenue and Gross Profit — Revenue and GP of 07 Chinese Subsidiaries Increased YoY “In 1H 2024, all China Subsidiary terminals recorded YoY growth in revenue and gross profit, while PCT was temporarily affected by the Red Sea incident. Revenue and GP of CSP Spain and CSP Abu Dhabi terminals both rec
Slide 8: Terminal Profit — Bohai Rim and Southeast Coast Regions Driving Profit Growth in China
Terminal Profit — Bohai Rim and Southeast Coast 08 Regions Driving Profit Growth in China China Terminal Profit In China, overall 183.2 M USD YoY +1.7% profits were stable, with Bohai Rim, SE 94.8 1H2023 1H2024 Coast and SW Coast all recording growth; a 90.2% Chin (YoY+5.1%) Wuhan Terminal which is
Slide 9: Financial Position — Potential Decrease in Interest Rates Will Benefit the Company
Financial Position — Potential Decrease in Interest 09 Rates in the US and Europe will Benefit the Company USD Million As of 31 Dec 2023 As of 30 Jun 2024 “Healthy Financial Position Drives Sustainable Development” Total assets 11,931.9 11,927.2 Total Liabilities 5,089.4 5,030.3 Equity Attributable
Slide 10: Operational Review
10 OPERATIONAL REVIEW 01. 02. 03. 04. 05. 06. Financial Operational Strategy & Highlights Q&A Appendix Performance Outlook Review
Slide 11: Throughput — Total throughput recorded YoY growth across all regions
Throughput — Total throughput recorded YoY 11 growth across all regions Total Equity Throughput +8.2% “Throughput during 1H 2024 continued Throughput +6.3% to show positive trends; total throughput 69.9 M TEU in all regions recorded YoY growth” 22.0 M TEU 1H 2024 Total Throughput by Region (M TEU) 1
Slide 12: Marketing — Throughput Growth from All Shipping Alliances
Marketing — Throughput Growth from All Shipping 12 Alliances “Throughput of Subsidiaries in 1H 2024 increased 8.0% YoY” 1H 2024 8 Major Subsidiaries(1) Customer Share • Throughput of domestic routes rose 28.5% YoY ； throughput of international routes rose 6.7% YoY； • ASP at major subsidiaries remain
Slide 13: Supply Chain Projects — Building a Globalized Logistics Supply Chain Network
Supply Chain Projects — Building a Globalized Logistics Supply 13 Chain Network Transportation of High Value Added Goods Supply Chain Targeting Shipping Customized overseas warehouse at CSP Abu Companies System Building Solutions for Industry Dhabi built for major Chinese car manufacturers； Supply C
Slide 14: Technological Innovation — Focusing on Smart Ports Development
Technological Innovation — Focusing on 14 Smart Ports Development • Commercial implementation of driverless container vehicle project at Xiamen, Wuhan, 5G Quanzhou and Abu Dhabi terminals, with a total handling volume of 312,000 TEU, in SMART 1H 2024, a YoY increase of nearly 3 times PORTS • Expandi
Slide 15: Strategy & Outlook
15 STRATEGY & OUTLOOK 01. 02. 03. 04. 05. 06. Financial Operational Strategy & Highlights Q&A Appendix Performance Review Outlook
Slide 16: Development Strategy — Driven by Global Layout and Lean Operations
Development Strategy — Driven by “Global 16 Layout”and“Lean Operations” Global Layout Market Opportunities al Gr ob rk a Gl o Op spi g etw po ng tun N ina zin r M ities Term timi ls ark Op et Core Projects Development Synergy Strategy Integrated I m p r o v er m Digitalized na l Green and Low-Carbon
Slide 17: Building Low Carbon Smart Ports – Constructing a Global Green Supply Chain
Building Low Carbon Smart Ports – 17 Constructing a Global Green Supply Chain Fully Supporting UN SDGs Five Key Areas of Sustainable Development Relevant UN SDGs Governance Adhere to the principles of business ethics and operational D G compliance, maintain high standards of corporate governance and
Slide 18: Outlook – Becoming a Leading Global Port Logistics Service Provider
Outlook – Becoming a Leading Global 18 Port Logistics Service Provider Goal for 2024： Long Term Goals： GOALS Boosting Creating Value Volume Reducing Costs and Increasing Revenue Striving to Build A Leading Equity Throughput Growth Global Port Logistics Service in line with Industry Provider Domestic
Slide 19: Q&A
19 Q&A 02. 03. 04. 01. Financial Operational Strategy & 05. 06. Highlights Q&A Appendix Performance Review Outlook
Slide 20: Appendix
20 APPENDIX 01. Financial 02. 03. Operational 04. Strategy & 05. 06. Highlights Q&A Performance Review Outlook Appendix
Slide 21: Sustainable Development
21 SUSTAINABLE DEVELOPMENT Major ESG Ratings in 2023 01 02 Greenhouse Gas Emissions Energy Consumption 2023 Subsidiaries GHG Emissions 2023 Subsidiaries Energy Use Became a constituent company CDP 2023 Rating: B Intensity Intensity in the FTSE4Good Index in June 2023 YoY 0.9% YoY 2.5% Compared to 20
Slide 22: Disclaimer
22 DISCLAIMER This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports”) and certain plans and prospects of the management of COSCO SHIPPING Ports. Such forward-loo
Slide 23: Thank You!
Thank You! COSCO SHIPPING Ports Limited Address: 42/F and 49/F, COSCO Tower, 183 Queen's Road Central, Hong Kong Telephone: +852 2809 8188 Email: ir.csp@coscoshipping.com Website: https://ports.coscoshipping.com