Grindrod Limited · JSE:GND
Grindrod — FY2013 Earnings Presentation
10 slides from Grindrod's earnings presentation, 2014
Slide 1: Additional Information for Analysts
ADDITIONAL INFORMATION FOR ANALYSTS for the year ended 31 December 2013
Slide 2: Management Segmental Balance Sheets as at 31 December 2013
MANAGEMENT SEGMENTAL BALANCE SHEETS AS AT 31 DECEMBER 2013 FREIGHT FINANCIAL GROUP TOTAL TRADING SHIPPING R000 SERVICES SERVICES COSTS GROUP Fixed assets 2 951 787 86 021 6 318 270 169 187 63 207 9 588 472 Other assets 1 661 132 1 081 864 416 449 428 579 1 642 3 589 666 Current assets excluding cash
Slide 3: Segmental Analysis
SEGMENTAL ANALYSIS for the year ended 31 December 2013 Audited Audited 31 December 31 December 2013 2012* R000 R000 Revenue Freight Services 5 027 536 3 929 411 Trading 22 415 085 27 074 222 Shipping 4 319 093 4 009 832 Financial Services 370 790 252 686 Group 2 488 911 32 134 992 35 267 062 Segment
Slide 4: Other Segmental Information
OTHER SEGMENTAL INFORMATION FREIGHT FINANCIAL GROUP SEGMENTAL TOTAL GROUP TRADING SHIPPING R000 SERVICES SERVICES COSTS ADJUSTMENTS Depreciation and amortisation 261 521 16 239 335 053 1 682 3 829 (155 212) 463 112 Net interest 67 828 55 828 61 622 7 635 (40 838) (245 005) (92 930) Preference divide
Slide 5: Net Debt Breakdown as at 30 June 2013
NET DEBT BREAKDOWN AS AT 30 JUNE 2013 Loans and advances to bank customers 3 675 Liquid assets and short-term negotiables 1 044 Short term loans 0 Bank and cash 6 076 Recoverbles on cancelled ships 236 Non-current assets held for sale 393 Long-term loans (3 056) Deposits from bank customers (8 015)
Slide 6: Freight Services Contribution by Business Unit
FREIGHT SERVICES CONTRIBUTION BY BUSINESS UNIT Ports, Terminals, Rail Dec 2013 Dec 2012 Please note that these KPIs are as per and Seafreight Management Structure (JV’s proportionally consolidated line by line and e.g. revenue will be higher than revenue in the legal structure (where Revenue 2 444 1
Slide 7: Trading
TRADING Trading division volumes: YTD Dec 2013: 5 171 924 tonnes vs YTD Dec 2012: 6 054 458 tonnes • Volumes impacted by the disposal of 50% of the Marine Fuels business to Vitol as well as the combination of the coal trading books of Vitol and Grindrod into a joint venture. Both of these changes oc
Slide 8: Fleet Overview (Owned and Long-Term Chartered Ships)
FLEET OVERVIEW (OWNED AND LONG-TERM CHARTERED SHIPS) Contracted in at 31.12.2013 Bulk carriers Tankers Total Handysize Handymax Capesize Medium-range Small Chemical Number (average) 15,8 1,3 2,4 10,5 4,5 1,0 35,5 2014 Cost (US$/day) 9 900 14 900 23 200 14 300 12 600 17 400 12 800 Number (average) 14
Slide 9: Contract Cover
CONTRACT COVER Contracted out at 31.12.2013 Bulk carriers Tankers Total Medium- Handysize Handymax Capesize Small Chemical range Number (average) 2,3 1,0 1,2 2,2 1,7 0,8 9,2 2014 Revenue (US$/day) 11 200 12 600 37 200 15 500 10 400 19 950 16 400 Number (average) 1,0 1,0 0,4 2,4 2015 Revenue (US$/day
Slide 10: Analysis of 2013 Earnings: Shipping
ANALYSIS OF 2013 EARNINGS : SHIPPING Bulk carriers Tankers 2013 2012 Medium- % Handysize Handymax Panamax Capesize Small Chemical Total Total range Average number of owned/long-term 16,2 1,0 0,3 3,0 8,8 4,5 1,6 35,4 37,2 (5) chartered ships Average daily 9 100 13 300 19 200 20 600 14 800 9 700 17 40