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

Compania Sud Americana De Vapores — Q3 2014 Earnings Presentation

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

  1. Slide 1: Third Quarter 2014 Results

    Third Quarter 2014 Results November 2014

  2. Slide 2: Agenda

    Agenda 1. Market Situation 2. Third 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: 19.0% (November 2014) Graph 2: Idle Fleet: 226,000 TEU or 1.2% (November 2014) Fleet Orderbook Orderbook to Fleet Ratio Idle Fleet % of Total Fleet 20 90% 1.600 16% 18 80% 1.400 14% Idle Capacity in Th. Teus 16 70% 1.200 12% Orderbook/Fleet 14 % of Tot

  5. Slide 5: Market Evolution

    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 = 509 1.600 1.400 1.200 1.000 800 600 400 200 0 Mar-10 Mar-11 Mar-12 Mar-13 Mar-

  6. Slide 6: 2. Third Quarter 2014 Results

    2. Third Quarter 2014 Results

  7. Slide 7: Third Quarter 2014 Results

    Third Quarter 2014 Results Graph 5: Main Financial Figures (USD Million) 1.200 1.000,0 -10,2% -11,0% 800,0 1.000 1,8% 600,0 -0,3% 800 400,0 200,0 600 0,0 832,5 -815,8 400 748,0 -728,7 -726,2 734,9 -15,4% -200,0 -400,0 200 -14,9% -40,2 -50,4 -26,4 -600,0 0 -800,0 -56,9 -56,6 -48,2 -200 -1.000,0 Q3-13

  8. Slide 8: 3. Cash Position

    BICSAV 3. Cash Position EICSAV

  9. Slide 9: Cash Position

    Cash Position Graph 6: Cash Position (USD million) 197,3 -16,2 182,2 -15,9 164,7 -123,5 -13,3 -42,7 -3,2 Cash 30-jun-14 EBITDA Working Capital Restructuring Capital Increase Net Capex Net Debt Interest Cash 30-sep-14 and Others* and Slack Capacity * Includes transaction costs due to the business com

  10. Slide 10: 4. Outlook

    BICSAV 4. Outlook EICSAV

  11. Slide 11: Outlook

    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 = 518 1.600 1.400 1.200 1.000 800 600 400 200 0 Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 Aug-10

  12. Slide 12: Outlook

    Outlook  In general terms, the activity of the months impacting the fourth quarter results is similar to the one observed during the third quarter. We see similar freight rates and lower cost of bunker compensated by lower utilization ratios than the third quarter, due to a decrease in the overall

  13. Slide 13: Outlook

    Outlook  In relation to the merger with Hapag-Lloyd, we are glad to inform that the approval process in the different jurisdictions has been so far successful and within the planned timeframe. We have already received the approval of several jurisdictions which are material to the company, such as

  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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