Compania Sud Americana De Vapores S.a. · BCS:VAPORES

Compania Sud Americana De Vapores — Q2 2014 Earnings Presentation

14 slides from Compania Sud Americana De Vapores's earnings presentation, September 2014

  1. Slide 1: Second Quarter 2014 Results

    Second Quarter 2014 Results September 2014

  2. Slide 2: Agenda

    Agenda 1. Market Situation 2. Second Quarter 2014 Results 3. Cash Position 4. Outlook

  3. Slide 3: 1. Market Situation

    BICSAV 1. Market Situation EICSAV

  4. Slide 4: Containership Fleet: Orderbook/Fleet

    Containership Fleet Graph 1: Orderbook / Fleet: 18.6% (August 2014) Graph 2: Idle Fleet: 230,900 TEU or 1.3% (August 2014) Idle Fleet % of Total Fleet Fleet Orderbook Orderbook to Fleet Ratio 20 90% 1.600 16% 18 80% 1.400 14% Idle Capacity in Th. Teus 16 70% 1.200 12% Orderbook/Fleet 14 % of Total F

  5. Slide 5: Market Evolution: SCFI vs Rotterdam Platts

    Market Evolution Graph 4: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI 1.800 Average Margin Average Margin Average Margin Average Margin Average Margin 2010 = 918 2011 = 392 2012 = 605 2013 = 480 2014 = 501 1.600 1.400 1.200 1.000 800 600 400 200 0 Mar-10 Jul-10 Mar-11 Jul-11 Mar-

  6. Slide 6: 2. Second Quarter 2014 Results

    2. Second Quarter 2014 Results

  7. Slide 7: Second Quarter 2014 Results

    Second Quarter 2014 Results Graph 5: Main Financial Figures (USD Million) 1.200 1.000,0 -11,7% -10,0% 800,0 1.000 2,1% 600,0 0,0% 800 400,0 200,0 600 0,0 832,7 -809,3 400 734,9 -728,6 -728,7 1,8% 719,9 -200,0 -400,0 200 3,1% -600,0 -32,2 -63,6 -50,4 0 -800,0 -55,6 -54,9 -56,6 -200 -1.000,0 Q2-13 Q1-

  8. Slide 8: 3. Cash Position

    BICSAV 3. Cash Position EICSAV

  9. Slide 9: Cash Position

    Cash Position Graph 6: Cash Position (USD million) 112,3 174,6 182,2 -20,8 -6,6 -36,8 -27,6 -8,0 -5,0 Cash 31-mar-14 EBITDA Working Restructuring Net Capex Net Debt Appraisal Interest Cash 30-jun-14 Capital and and Slack Rights Others Capacity 9

  10. Slide 10: 4. Outlook

    BICSAV 4. Outlook EICSAV

  11. Slide 11: Outlook: SCFI vs Rotterdam Platts

    Outlook Graph 7: SCFI vs Rotterdam Platts SCFI -RTM Margin Rotterdam Platts SCFI 1.800 Average Margin 2010 = 918 Average Margin 2011 = 392 Average Margin 2012 = 605 Average Margin 2013 = 480 Average Margin 2014 = 1.600 516 1.400 1.200 1.000 800 600 400 200 0 Jan-13 Mar-13 Mar-10 Mar-11 Mar-12 Mar-14

  12. Slide 12: Outlook

    Outlook  A significant increase in spot freight rates can be seen particularly in the trades from Asia to our main markets in the west and east coasts of South America. However, this increase in the spot rate has been offset by the 1 year contracts that were renewed during the first quarter of the

  13. Slide 13: Outlook

    Outlook  After all conditions precedent are met, the container activity of CSAV, is moving towards a very important consolidation with Hapag-Lloyd. The combined entity resulting from this transaction, would become the fourth largest player, but also the fourth real player with a global footprint in

  14. Slide 14: Disclaimer

    Disclaimer This presentation provides general information about Compañía Sud Americana de Vapores S.A. (“CSAV”). It consists of summary information and does not purport to be complete. It is not intended to be relied upon as advice to potential investors. No representations or warranties, express or

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